Daoming Optics&Chemical Co Ltd (002632) - Net Assets
Based on the latest financial reports, Daoming Optics&Chemical Co Ltd (002632) has net assets worth CN¥2.14 Billion CNY (≈ $313.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.01 Billion ≈ $441.05 Million USD) and total liabilities (CN¥872.63 Million ≈ $127.69 Million USD). 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. Check financial resilience of Daoming Optics&Chemical Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.14 Billion |
| % of Total Assets | 71.05% |
| Annual Growth Rate | 20.21% |
| 5-Year Change | 5.91% |
| 10-Year Change | 50.0% |
| Growth Volatility | 65.94 |
Daoming Optics&Chemical Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Daoming Optics&Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Daoming Optics&Chemical Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Daoming Optics&Chemical Co Ltd (2008–2024)
The table below shows the annual net assets of Daoming Optics&Chemical Co Ltd from 2008 to 2024. For live valuation and market cap data, see Daoming Optics&Chemical Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.12 Billion ≈ $310.89 Million |
-4.37% |
| 2023-12-31 | CN¥2.22 Billion ≈ $325.09 Million |
-5.15% |
| 2022-12-31 | CN¥2.34 Billion ≈ $342.73 Million |
+13.07% |
| 2021-12-31 | CN¥2.07 Billion ≈ $303.11 Million |
+3.27% |
| 2020-12-31 | CN¥2.01 Billion ≈ $293.53 Million |
+2.42% |
| 2019-12-31 | CN¥1.96 Billion ≈ $286.58 Million |
-2.35% |
| 2018-12-31 | CN¥2.01 Billion ≈ $293.49 Million |
+9.29% |
| 2017-12-31 | CN¥1.84 Billion ≈ $268.53 Million |
+26.16% |
| 2016-12-31 | CN¥1.45 Billion ≈ $212.84 Million |
+2.70% |
| 2015-12-31 | CN¥1.42 Billion ≈ $207.26 Million |
+54.39% |
| 2014-12-31 | CN¥917.38 Million ≈ $134.24 Million |
+1.76% |
| 2013-12-31 | CN¥901.52 Million ≈ $131.92 Million |
+0.80% |
| 2012-12-31 | CN¥894.33 Million ≈ $130.87 Million |
+2.01% |
| 2011-12-31 | CN¥876.68 Million ≈ $128.29 Million |
+273.36% |
| 2010-12-31 | CN¥234.81 Million ≈ $34.36 Million |
+60.34% |
| 2009-12-31 | CN¥146.45 Million ≈ $21.43 Million |
+30.98% |
| 2008-12-31 | CN¥111.80 Million ≈ $16.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Daoming Optics&Chemical 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 2406.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥603.36 Million | 28.38% |
| Common Stock | CN¥624.60 Million | 29.38% |
| Other Components | CN¥898.25 Million | 42.25% |
| Total Equity | CN¥2.13 Billion | 100.00% |
Daoming Optics&Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Daoming Optics&Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Revolve Group LLC
NYSE:RVLV
|
$1.01 Billion |
|
Guangxi Radio and Television Information Network Corp Ltd
SHG:600936
|
$1.01 Billion |
|
Eve Holding Inc
NYSE:EVEX
|
$1.01 Billion |
|
Mesnac Co Ltd
SHE:002073
|
$1.01 Billion |
|
UP FINT. HLDG (SP.ADR) A
F:1M5
|
$1.01 Billion |
|
Tian Jin Motor Dies Co Ltd
SHE:002510
|
$1.01 Billion |
|
Beijing UniStrong Science & Technology Co Ltd
SHE:002383
|
$1.01 Billion |
|
Geron Corporation
NASDAQ:GERN
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Daoming Optics&Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,222,070,005 to 2,126,209,922, a change of -95,860,083 (-4.3%).
- Net income of 169,936,971 contributed positively to equity growth.
- Dividend payments of 268,711,149 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥169.94 Million | +7.99% |
| Dividends Paid | CN¥268.71 Million | -12.64% |
| Other Changes | CN¥2.91 Million | +0.14% |
| Total Change | CN¥- | -4.31% |
Book Value vs Market Value Analysis
This analysis compares Daoming Optics&Chemical 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: 3.27x
- 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 32.38x to 3.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.34 | CN¥11.04 | x |
| 2009-12-31 | CN¥0.37 | CN¥11.04 | x |
| 2010-12-31 | CN¥0.59 | CN¥11.04 | x |
| 2011-12-31 | CN¥2.06 | CN¥11.04 | x |
| 2012-12-31 | CN¥1.61 | CN¥11.04 | x |
| 2013-12-31 | CN¥1.59 | CN¥11.04 | x |
| 2014-12-31 | CN¥1.66 | CN¥11.04 | x |
| 2015-12-31 | CN¥2.48 | CN¥11.04 | x |
| 2016-12-31 | CN¥2.35 | CN¥11.04 | x |
| 2017-12-31 | CN¥3.10 | CN¥11.04 | x |
| 2018-12-31 | CN¥3.21 | CN¥11.04 | x |
| 2019-12-31 | CN¥3.13 | CN¥11.04 | x |
| 2020-12-31 | CN¥3.22 | CN¥11.04 | x |
| 2021-12-31 | CN¥3.32 | CN¥11.04 | x |
| 2022-12-31 | CN¥3.75 | CN¥11.04 | x |
| 2023-12-31 | CN¥3.54 | CN¥11.04 | x |
| 2024-12-31 | CN¥3.38 | CN¥11.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Daoming Optics&Chemical 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): 7.99%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.79%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.37x
- Recent ROE (7.99%) is below the historical average (9.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 23.69% | 10.59% | 1.02x | 2.20x | CN¥15.31 Million |
| 2009 | 23.65% | 15.17% | 0.71x | 2.21x | CN¥20.00 Million |
| 2010 | 15.60% | 11.20% | 0.76x | 1.83x | CN¥13.15 Million |
| 2011 | 8.50% | 18.26% | 0.41x | 1.13x | CN¥-13.16 Million |
| 2012 | 4.36% | 10.75% | 0.36x | 1.11x | CN¥-50.45 Million |
| 2013 | 2.05% | 4.52% | 0.38x | 1.18x | CN¥-71.30 Million |
| 2014 | 3.01% | 5.97% | 0.43x | 1.16x | CN¥-64.13 Million |
| 2015 | 3.23% | 10.48% | 0.27x | 1.12x | CN¥-94.41 Million |
| 2016 | 3.41% | 9.34% | 0.32x | 1.13x | CN¥-94.09 Million |
| 2017 | 6.77% | 15.34% | 0.36x | 1.24x | CN¥-58.94 Million |
| 2018 | 10.28% | 17.16% | 0.52x | 1.15x | CN¥5.59 Million |
| 2019 | 10.14% | 14.25% | 0.49x | 1.47x | CN¥2.71 Million |
| 2020 | 8.41% | 13.36% | 0.42x | 1.49x | CN¥-31.87 Million |
| 2021 | 2.65% | 4.28% | 0.36x | 1.74x | CN¥-152.19 Million |
| 2022 | 13.40% | 24.40% | 0.46x | 1.20x | CN¥79.72 Million |
| 2023 | 7.05% | 11.85% | 0.51x | 1.18x | CN¥-65.50 Million |
| 2024 | 7.99% | 11.79% | 0.49x | 1.37x | CN¥-42.68 Million |
Industry Comparison
This section compares Daoming Optics&Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daoming Optics&Chemical Co Ltd (002632) | CN¥2.14 Billion | 23.69% | 0.41x | $1.01 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Daoming Optics&Chemical Co Ltd
Daoming Optics&Chemical Co.,Ltd engages in the research and development, production, and sale of various functional films and polymer synthetic materials in China and internationally. The company offers personal protection solutions, including normal reflective fabric, heat transfer film, prismatic reflective tape, reflective leather and yarn, finished, reflective clothing, flame retardant, indus… Read more