Ronglian Group Ltd
Ronglian Group Ltd. provides information technology(IT) services in China and internationally. It provides system integration services, including data center construction, data storage, disaster recovery and backup, network and information security, intelligent buildings, security systems, AI artificial intelligence applications, software customization and development, etc., as well as develops b… Read more
Ronglian Group Ltd (002642) - Net Assets
Latest net assets as of September 2025: CN¥1.18 Billion CNY
Based on the latest financial reports, Ronglian Group Ltd (002642) has net assets worth CN¥1.18 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¥2.56 Billion) and total liabilities (CN¥1.39 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¥1.18 Billion |
| % of Total Assets | 45.9% |
| Annual Growth Rate | 13.62% |
| 5-Year Change | -16.35% |
| 10-Year Change | -67.3% |
| Growth Volatility | 68.42 |
Ronglian Group Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Ronglian Group 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 Ronglian Group Ltd (2008–2024)
The table below shows the annual net assets of Ronglian Group Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.17 Billion | +4.19% |
| 2023-12-31 | CN¥1.12 Billion | -25.75% |
| 2022-12-31 | CN¥1.51 Billion | +1.51% |
| 2021-12-31 | CN¥1.49 Billion | +6.52% |
| 2020-12-31 | CN¥1.40 Billion | -46.81% |
| 2019-12-31 | CN¥2.63 Billion | +1.33% |
| 2018-12-31 | CN¥2.59 Billion | -36.47% |
| 2017-12-31 | CN¥4.08 Billion | +8.18% |
| 2016-12-31 | CN¥3.77 Billion | +5.52% |
| 2015-12-31 | CN¥3.58 Billion | +39.28% |
| 2014-12-31 | CN¥2.57 Billion | +57.28% |
| 2013-12-31 | CN¥1.63 Billion | +82.65% |
| 2012-12-31 | CN¥894.01 Million | +8.11% |
| 2011-12-31 | CN¥826.97 Million | +261.36% |
| 2010-12-31 | CN¥228.85 Million | +30.75% |
| 2009-12-31 | CN¥175.03 Million | +15.42% |
| 2008-12-31 | CN¥151.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ronglian Group 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 5499.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥661.58 Million | 56.56% |
| Other Comprehensive Income | CN¥-48.94 Million | -4.18% |
| Other Components | CN¥2.90 Billion | 247.86% |
| Total Equity | CN¥1.17 Billion | 100.00% |
Ronglian Group Ltd Competitors by Market Cap
The table below lists competitors of Ronglian Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AKTR
AT:AKTR
|
$574.05 Million |
|
Avanos Medical Inc
NYSE:AVNS
|
$574.89 Million |
|
Southern Missouri Bancorp Inc
NASDAQ:SMBC
|
$575.34 Million |
|
Start Group
SHG:600734
|
$575.42 Million |
|
A-Zenith Home Furnishings Co Ltd
SHG:603389
|
$573.56 Million |
|
Antin Infrastructure Partners
LSE:0AA5
|
$573.10 Million |
|
Ningxia Western Venture Industrial Co Ltd
SHE:000557
|
$573.05 Million |
|
Strides Pharma Science Limited
NSE:STAR
|
$572.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ronglian Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,122,628,942 to 1,169,658,479, a change of 47,029,537 (4.2%).
- Net income of 28,106,860 contributed positively to equity growth.
- Dividend payments of 10,407,763 reduced retained earnings.
- Other comprehensive income increased equity by 5,722,634.
- Other factors increased equity by 23,607,806.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥28.11 Million | +2.4% |
| Dividends Paid | CN¥10.41 Million | -0.89% |
| Other Comprehensive Income | CN¥5.72 Million | +0.49% |
| Other Changes | CN¥23.61 Million | +2.02% |
| Total Change | CN¥- | 4.19% |
Book Value vs Market Value Analysis
This analysis compares Ronglian Group 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: 4.57x
- 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 14.52x to 4.57x 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¥0.56 | CN¥8.08 | x |
| 2009-12-31 | CN¥0.64 | CN¥8.08 | x |
| 2010-12-31 | CN¥0.75 | CN¥8.08 | x |
| 2011-12-31 | CN¥2.45 | CN¥8.08 | x |
| 2012-12-31 | CN¥1.96 | CN¥8.08 | x |
| 2013-12-31 | CN¥3.44 | CN¥8.08 | x |
| 2014-12-31 | CN¥4.45 | CN¥8.08 | x |
| 2015-12-31 | CN¥5.94 | CN¥8.08 | x |
| 2016-12-31 | CN¥5.93 | CN¥8.08 | x |
| 2017-12-31 | CN¥6.40 | CN¥8.08 | x |
| 2018-12-31 | CN¥3.92 | CN¥8.08 | x |
| 2019-12-31 | CN¥3.97 | CN¥8.08 | x |
| 2020-12-31 | CN¥2.11 | CN¥8.08 | x |
| 2021-12-31 | CN¥2.23 | CN¥8.08 | x |
| 2022-12-31 | CN¥2.28 | CN¥8.08 | x |
| 2023-12-31 | CN¥1.69 | CN¥8.08 | x |
| 2024-12-31 | CN¥1.77 | CN¥8.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ronglian Group 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): 2.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.39%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.94x
- Recent ROE (2.40%) is above the historical average (-3.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 16.61% | 5.62% | 1.55x | 1.91x | CN¥9.93 Million |
| 2009 | 16.87% | 6.88% | 1.44x | 1.70x | CN¥11.92 Million |
| 2010 | 22.52% | 9.00% | 1.52x | 1.65x | CN¥28.56 Million |
| 2011 | 8.64% | 10.07% | 0.66x | 1.30x | CN¥-11.25 Million |
| 2012 | 9.75% | 10.02% | 0.72x | 1.35x | CN¥-2.23 Million |
| 2013 | 7.37% | 9.80% | 0.54x | 1.38x | CN¥-41.08 Million |
| 2014 | 6.68% | 11.06% | 0.47x | 1.29x | CN¥-82.23 Million |
| 2015 | 5.84% | 13.52% | 0.33x | 1.30x | CN¥-148.66 Million |
| 2016 | 5.14% | 12.15% | 0.34x | 1.23x | CN¥-183.54 Million |
| 2017 | -6.35% | -13.73% | 0.32x | 1.45x | CN¥-667.58 Million |
| 2018 | -56.28% | -53.38% | 0.58x | 1.81x | CN¥-1.72 Billion |
| 2019 | 1.35% | 1.09% | 0.88x | 1.41x | CN¥-227.28 Million |
| 2020 | -77.45% | -38.50% | 1.01x | 1.99x | CN¥-1.22 Billion |
| 2021 | 3.78% | 1.57% | 1.07x | 2.25x | CN¥-92.65 Million |
| 2022 | 0.81% | 0.33% | 1.17x | 2.11x | CN¥-138.99 Million |
| 2023 | -32.35% | -15.28% | 0.91x | 2.32x | CN¥-475.40 Million |
| 2024 | 2.40% | 1.39% | 0.89x | 1.94x | CN¥-88.86 Million |
Industry Comparison
This section compares Ronglian Group Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,270,288,425
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ronglian Group Ltd (002642) | CN¥1.18 Billion | 16.61% | 1.18x | $574.03 Million |
| ZJBC Information Technology Co Ltd (000889) | $2.34 Billion | 0.86% | 0.59x | $286.23 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $544.17 Million | 2.19% | 1.16x | $554.08 Million |
| Guomai Technologies Inc (002093) | $128.76 Million | 18.12% | 0.86x | $675.52 Million |
| Shanghai HiTech Control System (002184) | $597.99 Million | 8.70% | 0.45x | $320.48 Million |
| SZZT Electronics Co Ltd (002197) | $1.08 Billion | 5.10% | 0.54x | $534.28 Million |
| Talkweb Information System Co Ltd (002261) | $2.58 Billion | -3.89% | 1.09x | $5.05 Billion |
| Westone Information Industry Inc (002268) | $615.76 Million | 14.05% | 0.27x | $1.36 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.05 Billion |
| Shenzhen Das Intellitech Co Ltd (002421) | $118.90 Million | 16.46% | 0.87x | $668.47 Million |