Rongyu Group Co Ltd
Whole Shine Medical Technology Co., Ltd. engages in the oral medical services business in China. The company is also involved in the research and development, production, and sale of permanent magnet switches and high and low voltage switch complete sets of equipment products; provision of high-voltage switchgears, low voltage switchgear of other models, permanent magnet indoor high voltage vacuu… Read more
Rongyu Group Co Ltd (002622) - Net Assets
Latest net assets as of September 2025: CN¥411.13 Million CNY
Based on the latest financial reports, Rongyu Group Co Ltd (002622) has net assets worth CN¥411.13 Million 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¥1.45 Billion) and total liabilities (CN¥1.04 Billion). 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¥411.13 Million |
| % of Total Assets | 28.28% |
| Annual Growth Rate | 8.56% |
| 5-Year Change | -49.14% |
| 10-Year Change | -61.6% |
| Growth Volatility | 65.74 |
Rongyu Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Rongyu Group 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 Rongyu Group Co Ltd (2007–2024)
The table below shows the annual net assets of Rongyu Group Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥443.05 Million | -4.75% |
| 2023-12-31 | CN¥465.14 Million | -18.22% |
| 2022-12-31 | CN¥568.75 Million | -35.28% |
| 2021-12-31 | CN¥878.79 Million | +0.89% |
| 2020-12-31 | CN¥871.06 Million | -32.16% |
| 2019-12-31 | CN¥1.28 Billion | -4.49% |
| 2018-12-31 | CN¥1.34 Billion | +7.14% |
| 2017-12-31 | CN¥1.25 Billion | +7.28% |
| 2016-12-31 | CN¥1.17 Billion | +1.35% |
| 2015-12-31 | CN¥1.15 Billion | -5.39% |
| 2014-12-31 | CN¥1.22 Billion | +3.69% |
| 2013-12-31 | CN¥1.18 Billion | +3.40% |
| 2012-12-31 | CN¥1.14 Billion | +0.84% |
| 2011-12-31 | CN¥1.13 Billion | +265.51% |
| 2010-12-31 | CN¥308.65 Million | +25.46% |
| 2009-12-31 | CN¥246.01 Million | +37.52% |
| 2008-12-31 | CN¥178.89 Million | +63.09% |
| 2007-12-31 | CN¥109.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rongyu Group 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 decreased by 1983.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥840.00 Million | 211.04% |
| Other Components | CN¥13.84 Million | 3.48% |
| Total Equity | CN¥398.04 Million | 100.00% |
Rongyu Group Co Ltd Competitors by Market Cap
The table below lists competitors of Rongyu Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FISHER (JAMES)SONS LS-25
F:6FJ
|
$242.78 Million |
|
Changzhou Xiangming Intelligent Drive System Corporation
SHE:301226
|
$243.11 Million |
|
Jiangxi JDL Environmental Protection Co. Ltd. A
SHG:688057
|
$243.14 Million |
|
CIVMEC LTD CDI 1:1
F:1CV0
|
$243.16 Million |
|
Eve Holding Inc
NYSE:EVEX
|
$242.74 Million |
|
Guangzhou Improve Med Instrument
SHE:300030
|
$242.74 Million |
|
BlueSword Intelligent Technology Co. Ltd. A
SHG:688557
|
$242.73 Million |
|
ICRA Limited
NSE:ICRA
|
$242.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rongyu Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 432,784,000 to 398,035,000, a change of -34,749,000 (-8.0%).
- Net loss of 37,691,000 reduced equity.
- Dividend payments of 16,444,000 reduced retained earnings.
- Other comprehensive income decreased equity by 10,484,000.
- Other factors increased equity by 29,870,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-37.69 Million | -9.47% |
| Dividends Paid | CN¥16.44 Million | -4.13% |
| Other Comprehensive Income | CN¥-10.48 Million | -2.63% |
| Other Changes | CN¥29.87 Million | +7.5% |
| Total Change | CN¥- | -8.03% |
Book Value vs Market Value Analysis
This analysis compares Rongyu Group 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: 6.01x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.96x to 6.01x 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¥0.18 | CN¥2.85 | x |
| 2008-12-31 | CN¥0.29 | CN¥2.85 | x |
| 2009-12-31 | CN¥0.39 | CN¥2.85 | x |
| 2010-12-31 | CN¥0.49 | CN¥2.85 | x |
| 2011-12-31 | CN¥1.69 | CN¥2.85 | x |
| 2012-12-31 | CN¥1.34 | CN¥2.85 | x |
| 2013-12-31 | CN¥1.41 | CN¥2.85 | x |
| 2014-12-31 | CN¥1.42 | CN¥2.85 | x |
| 2015-12-31 | CN¥1.40 | CN¥2.85 | x |
| 2016-12-31 | CN¥1.49 | CN¥2.85 | x |
| 2017-12-31 | CN¥1.55 | CN¥2.85 | x |
| 2018-12-31 | CN¥1.39 | CN¥2.85 | x |
| 2019-12-31 | CN¥1.53 | CN¥2.85 | x |
| 2020-12-31 | CN¥1.04 | CN¥2.85 | x |
| 2021-12-31 | CN¥1.02 | CN¥2.85 | x |
| 2022-12-31 | CN¥0.68 | CN¥2.85 | x |
| 2023-12-31 | CN¥0.52 | CN¥2.85 | x |
| 2024-12-31 | CN¥0.47 | CN¥2.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rongyu Group 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): -9.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.37%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 3.76x
- Recent ROE (-9.47%) is below the historical average (2.30%), 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 | 32.28% | 16.67% | 0.72x | 2.68x | CN¥24.43 Million |
| 2008 | 35.55% | 17.76% | 1.01x | 1.98x | CN¥45.70 Million |
| 2009 | 27.28% | 21.82% | 0.79x | 1.57x | CN¥42.52 Million |
| 2010 | 26.77% | 20.03% | 0.91x | 1.47x | CN¥51.78 Million |
| 2011 | 8.13% | 25.09% | 0.31x | 1.06x | CN¥-21.13 Million |
| 2012 | 4.78% | 22.24% | 0.21x | 1.03x | CN¥-59.33 Million |
| 2013 | 3.29% | 20.94% | 0.15x | 1.06x | CN¥-78.95 Million |
| 2014 | 3.87% | 29.34% | 0.11x | 1.15x | CN¥-74.71 Million |
| 2015 | 7.83% | 61.68% | 0.11x | 1.17x | CN¥-25.03 Million |
| 2016 | 1.34% | 13.05% | 0.09x | 1.08x | CN¥-101.28 Million |
| 2017 | 5.81% | 36.89% | 0.11x | 1.39x | CN¥-51.92 Million |
| 2018 | 2.88% | 8.72% | 0.23x | 1.46x | CN¥-91.21 Million |
| 2019 | 0.58% | 4.79% | 0.09x | 1.38x | CN¥-120.96 Million |
| 2020 | -34.11% | -259.85% | 0.09x | 1.54x | CN¥-384.23 Million |
| 2021 | -8.84% | -45.20% | 0.09x | 2.09x | CN¥-161.89 Million |
| 2022 | -44.85% | -51.29% | 0.31x | 2.86x | CN¥-314.04 Million |
| 2023 | -21.80% | -12.47% | 0.49x | 3.55x | CN¥-137.64 Million |
| 2024 | -9.47% | -4.37% | 0.58x | 3.76x | CN¥-77.49 Million |
Industry Comparison
This section compares Rongyu Group 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: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rongyu Group Co Ltd (002622) | CN¥411.13 Million | 32.28% | 2.54x | $242.75 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |