Luoyang Northglass Technology Co Ltd
Luoyang Northglass Technology Co.,Ltd designs, develops, manufactures, and sells glass deep processing equipment in China. The company's deep processing equipment comprises glass tempering furnaces, coating lines, glass automation systems, glass storage systems, glass cutting machines, buffer systems, and vertical seaming and washer machines. It also offers processed glass products, such as lamin… Read more
Luoyang Northglass Technology Co Ltd (002613) - Net Assets
Latest net assets as of September 2025: CN¥2.22 Billion CNY
Based on the latest financial reports, Luoyang Northglass Technology Co Ltd (002613) has net assets worth CN¥2.22 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.95 Billion) and total liabilities (CN¥732.57 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.22 Billion |
| % of Total Assets | 75.2% |
| Annual Growth Rate | 11.09% |
| 5-Year Change | 39.94% |
| 10-Year Change | 39.02% |
| Growth Volatility | 35.91 |
Luoyang Northglass Technology Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Luoyang Northglass Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Luoyang Northglass Technology Co Ltd (2007–2024)
The table below shows the annual net assets of Luoyang Northglass Technology Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.24 Billion | +28.47% |
| 2023-12-31 | CN¥1.74 Billion | +4.83% |
| 2022-12-31 | CN¥1.66 Billion | +2.29% |
| 2021-12-31 | CN¥1.62 Billion | +1.58% |
| 2020-12-31 | CN¥1.60 Billion | +0.62% |
| 2019-12-31 | CN¥1.59 Billion | +1.44% |
| 2018-12-31 | CN¥1.57 Billion | -3.10% |
| 2017-12-31 | CN¥1.62 Billion | -0.15% |
| 2016-12-31 | CN¥1.62 Billion | +0.58% |
| 2015-12-31 | CN¥1.61 Billion | +3.60% |
| 2014-12-31 | CN¥1.55 Billion | +0.20% |
| 2013-12-31 | CN¥1.55 Billion | +3.35% |
| 2012-12-31 | CN¥1.50 Billion | -2.04% |
| 2011-12-31 | CN¥1.53 Billion | +154.10% |
| 2010-12-31 | CN¥602.44 Million | +19.08% |
| 2009-12-31 | CN¥505.91 Million | +16.54% |
| 2008-12-31 | CN¥434.11 Million | +16.10% |
| 2007-12-31 | CN¥373.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Luoyang Northglass Technology Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 416.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥410.10 Million | 18.61% |
| Common Stock | CN¥1.10 Billion | 49.95% |
| Other Comprehensive Income | CN¥101.82 Million | 4.62% |
| Other Components | CN¥590.73 Million | 26.81% |
| Total Equity | CN¥2.20 Billion | 100.00% |
Luoyang Northglass Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Luoyang Northglass Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Daye Garden Machinery Co Ltd
SHE:300879
|
$317.38 Million |
|
Eco-Shop Marketing Berhad
KLSE:5337
|
$317.39 Million |
|
Southern Sun Limited
F:JK9
|
$317.45 Million |
|
Newron Pharmaceuticals SpA
SW:NWRN
|
$317.49 Million |
|
Shanghai Kindly Entrp Dvlp Grp
SHG:603987
|
$317.14 Million |
|
Tus Pharmaceutical Group Co Ltd
SHE:000590
|
$317.08 Million |
|
Novavest Real Estate Ag
SW:NREN
|
$317.04 Million |
|
Camelot Electronics Technology Co. Ltd. A
SHE:301282
|
$317.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luoyang Northglass Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,710,235,271 to 2,203,218,057, a change of 492,982,786 (28.8%).
- Net income of 60,440,821 contributed positively to equity growth.
- Dividend payments of 60,873,406 reduced retained earnings.
- Other comprehensive income increased equity by 101,818,974.
- Other factors increased equity by 391,596,397.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥60.44 Million | +2.74% |
| Dividends Paid | CN¥60.87 Million | -2.76% |
| Other Comprehensive Income | CN¥101.82 Million | +4.62% |
| Other Changes | CN¥391.60 Million | +17.77% |
| Total Change | CN¥- | 28.83% |
Book Value vs Market Value Analysis
This analysis compares Luoyang Northglass Technology Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 9.11x to 1.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.45 | CN¥4.06 | x |
| 2008-12-31 | CN¥0.54 | CN¥4.06 | x |
| 2009-12-31 | CN¥0.63 | CN¥4.06 | x |
| 2010-12-31 | CN¥0.74 | CN¥4.06 | x |
| 2011-12-31 | CN¥1.85 | CN¥4.06 | x |
| 2012-12-31 | CN¥1.50 | CN¥4.06 | x |
| 2013-12-31 | CN¥1.55 | CN¥4.06 | x |
| 2014-12-31 | CN¥1.57 | CN¥4.06 | x |
| 2015-12-31 | CN¥1.59 | CN¥4.06 | x |
| 2016-12-31 | CN¥1.60 | CN¥4.06 | x |
| 2017-12-31 | CN¥1.54 | CN¥4.06 | x |
| 2018-12-31 | CN¥1.58 | CN¥4.06 | x |
| 2019-12-31 | CN¥1.60 | CN¥4.06 | x |
| 2020-12-31 | CN¥1.62 | CN¥4.06 | x |
| 2021-12-31 | CN¥1.64 | CN¥4.06 | x |
| 2022-12-31 | CN¥1.74 | CN¥4.06 | x |
| 2023-12-31 | CN¥1.82 | CN¥4.06 | x |
| 2024-12-31 | CN¥2.29 | CN¥4.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luoyang Northglass Technology Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.70%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.41x
- Recent ROE (2.74%) is below the historical average (6.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 32.61% | 14.47% | 1.10x | 2.04x | CN¥71.22 Million |
| 2008 | 14.90% | 8.99% | 0.90x | 1.85x | CN¥18.12 Million |
| 2009 | 15.03% | 10.66% | 0.79x | 1.78x | CN¥21.90 Million |
| 2010 | 16.92% | 11.38% | 0.87x | 1.71x | CN¥36.29 Million |
| 2011 | 6.94% | 11.73% | 0.48x | 1.24x | CN¥-44.27 Million |
| 2012 | 4.26% | 8.50% | 0.40x | 1.25x | CN¥-81.88 Million |
| 2013 | 2.98% | 5.30% | 0.42x | 1.32x | CN¥-103.29 Million |
| 2014 | 1.26% | 2.21% | 0.43x | 1.32x | CN¥-128.38 Million |
| 2015 | 1.55% | 2.56% | 0.47x | 1.30x | CN¥-126.09 Million |
| 2016 | 1.60% | 2.75% | 0.45x | 1.30x | CN¥-126.13 Million |
| 2017 | -3.18% | -4.05% | 0.53x | 1.47x | CN¥-190.25 Million |
| 2018 | 2.51% | 3.67% | 0.52x | 1.32x | CN¥-111.09 Million |
| 2019 | 1.77% | 2.43% | 0.55x | 1.32x | CN¥-123.40 Million |
| 2020 | 0.65% | 0.92% | 0.51x | 1.39x | CN¥-141.60 Million |
| 2021 | 3.58% | 3.23% | 0.68x | 1.63x | CN¥-98.35 Million |
| 2022 | 2.18% | 2.37% | 0.65x | 1.41x | CN¥-127.21 Million |
| 2023 | 4.83% | 4.99% | 0.65x | 1.48x | CN¥-88.35 Million |
| 2024 | 2.74% | 3.70% | 0.53x | 1.41x | CN¥-159.88 Million |
Industry Comparison
This section compares Luoyang Northglass Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luoyang Northglass Technology Co Ltd (002613) | CN¥2.22 Billion | 32.61% | 0.33x | $317.38 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |