Ocean’s King Lighting Science & Technology Co Ltd Net Assets
Ocean’s King Lighting Science & Technology Co Ltd net assets. Based on the latest financial reports, Ocean’s King Lighting Science & Technology Co Ltd (002724) has net assets worth CN¥2.78 Billion CNY (≈ $406.30 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.40 Billion ≈ $498.06 Million USD) and total liabilities (CN¥627.08 Million ≈ $91.76 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. Also explore Ocean’s King Lighting Science & Technolo annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.78 Billion |
| % of Total Assets | 81.58% |
| Annual Growth Rate | 10.94% |
| 5-Year Change | -11.06% |
| 10-Year Change | 71.26% |
| Growth Volatility | 14.57 |
Net Assets of Ocean’s King Lighting Science & Technology Co Ltd (2009–2025)
Net assets of Ocean’s King Lighting Science & Technology Co Ltd from 2009 to 2025. This chart illustrates how Ocean’s King Lighting Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002724 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Ocean’s King Lighting Science & Technology Co Ltd (2009–2025)
The table below shows the annual net assets of Ocean’s King Lighting Science & Technology Co Ltd from 2009 to 2025. For live market cap and overall valuation, see Ocean’s King Lighting Science & Technolo market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.79 Billion ≈ $408.81 Million |
+4.08% |
| 2024-12-31 | CN¥2.68 Billion ≈ $392.79 Million |
-13.60% |
| 2023-12-31 | CN¥3.11 Billion ≈ $454.64 Million |
+0.07% |
| 2022-12-31 | CN¥3.10 Billion ≈ $454.33 Million |
-1.15% |
| 2021-12-31 | CN¥3.14 Billion ≈ $459.63 Million |
+12.72% |
| 2020-12-31 | CN¥2.79 Billion ≈ $407.77 Million |
+33.72% |
| 2019-12-31 | CN¥2.08 Billion ≈ $304.94 Million |
+9.76% |
| 2018-12-31 | CN¥1.90 Billion ≈ $277.84 Million |
+7.64% |
| 2017-12-31 | CN¥1.76 Billion ≈ $258.10 Million |
+8.13% |
| 2016-12-31 | CN¥1.63 Billion ≈ $238.70 Million |
+6.34% |
| 2015-12-31 | CN¥1.53 Billion ≈ $224.46 Million |
-0.07% |
| 2014-12-31 | CN¥1.54 Billion ≈ $224.62 Million |
+49.71% |
| 2013-12-31 | CN¥1.03 Billion ≈ $150.04 Million |
+12.31% |
| 2012-12-31 | CN¥912.97 Million ≈ $133.60 Million |
+13.45% |
| 2011-12-31 | CN¥804.73 Million ≈ $117.76 Million |
+22.22% |
| 2010-12-31 | CN¥658.42 Million ≈ $96.35 Million |
+24.12% |
| 2009-12-31 | CN¥530.45 Million ≈ $77.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ocean’s King Lighting Science & 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 384.4% over the analyzed period, indicating profitable operations and earnings retention.
Ocean’s King Lighting Science & Technology Co Ltd Net Assets Breakdown (December 2025)
Ocean’s King Lighting Science & Technology Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.44 Billion | 52.01% |
| Other Components | CN¥1.33 Billion | 47.99% |
| Total Equity | CN¥2.77 Billion | 100.00% |
Ocean’s King Lighting Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ocean’s King Lighting Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innodata Inc
NASDAQ:INOD
|
$1.44 Billion |
|
Bestway Marine & Energy Technology Co Ltd
SHE:300008
|
$1.44 Billion |
|
Qingdao Haier Biomedical Co Ltd
SHG:688139
|
$1.44 Billion |
|
Shanghai Qiangsheng Holding Co Ltd
SHG:600662
|
$1.44 Billion |
|
Tong Yang Industry Co Ltd
TW:1319
|
$1.44 Billion |
|
ERAMET EO 305 ADR 1/10
F:ER70
|
$1.44 Billion |
|
Guangdong Orient Zirconic Ind Sci & Tech Co Ltd
SHE:002167
|
$1.44 Billion |
|
Res Robex Inc
V:RBX
|
$1.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ocean’s King Lighting Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,635,422,313 to 2,768,824,138, a change of 133,401,825 (5.1%).
- Net income of 110,064,390 contributed positively to equity growth.
- Dividend payments of 39,768,893 reduced retained earnings.
- Other comprehensive income decreased equity by 249,217,963.
- Other factors increased equity by 312,324,290.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥110.06 Million | +3.98% |
| Dividends Paid | CN¥39.77 Million | -1.44% |
| Other Comprehensive Income | CN¥-249.22 Million | -9.0% |
| Other Changes | CN¥312.32 Million | +11.28% |
| Total Change | CN¥- | 5.06% |
Book Value vs Market Value Analysis
This analysis compares Ocean’s King Lighting Science & 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: 3.56x
- 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 15.15x to 3.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.84 | CN¥12.76 | x |
| 2010-12-31 | CN¥1.05 | CN¥12.76 | x |
| 2011-12-31 | CN¥1.28 | CN¥12.76 | x |
| 2012-12-31 | CN¥1.45 | CN¥12.76 | x |
| 2013-12-31 | CN¥1.63 | CN¥12.76 | x |
| 2014-12-31 | CN¥2.38 | CN¥12.76 | x |
| 2015-12-31 | CN¥2.13 | CN¥12.76 | x |
| 2016-12-31 | CN¥2.27 | CN¥12.76 | x |
| 2017-12-31 | CN¥2.45 | CN¥12.76 | x |
| 2018-12-31 | CN¥2.64 | CN¥12.76 | x |
| 2019-12-31 | CN¥2.89 | CN¥12.76 | x |
| 2020-12-31 | CN¥3.52 | CN¥12.76 | x |
| 2021-12-31 | CN¥3.73 | CN¥12.76 | x |
| 2022-12-31 | CN¥3.64 | CN¥12.76 | x |
| 2023-12-31 | CN¥3.69 | CN¥12.76 | x |
| 2024-12-31 | CN¥3.42 | CN¥12.76 | x |
| 2025-12-31 | CN¥3.59 | CN¥12.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ocean’s King Lighting Science & 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): 3.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.39%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.30x
- Recent ROE (3.98%) is below the historical average (11.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 22.64% | 12.41% | 1.18x | 1.54x | CN¥67.07 Million |
| 2010 | 28.54% | 15.84% | 1.30x | 1.39x | CN¥122.07 Million |
| 2011 | 23.60% | 14.36% | 1.22x | 1.35x | CN¥109.43 Million |
| 2012 | 18.40% | 15.30% | 0.98x | 1.23x | CN¥76.71 Million |
| 2013 | 16.82% | 15.25% | 0.88x | 1.26x | CN¥69.95 Million |
| 2014 | 11.18% | 16.25% | 0.59x | 1.16x | CN¥18.13 Million |
| 2015 | 4.38% | 7.50% | 0.51x | 1.15x | CN¥-86.17 Million |
| 2016 | 6.82% | 12.03% | 0.49x | 1.16x | CN¥-51.88 Million |
| 2017 | 8.62% | 13.85% | 0.53x | 1.17x | CN¥-24.42 Million |
| 2018 | 10.00% | 15.16% | 0.57x | 1.15x | CN¥83.34K |
| 2019 | 12.35% | 17.22% | 0.61x | 1.17x | CN¥48.91 Million |
| 2020 | 11.41% | 17.65% | 0.51x | 1.27x | CN¥37.15 Million |
| 2021 | 13.48% | 18.57% | 0.56x | 1.30x | CN¥101.35 Million |
| 2022 | 4.89% | 8.02% | 0.45x | 1.36x | CN¥-145.09 Million |
| 2023 | 1.52% | 2.57% | 0.43x | 1.37x | CN¥-242.85 Million |
| 2024 | -5.57% | -8.56% | 0.48x | 1.34x | CN¥-410.24 Million |
| 2025 | 3.98% | 6.39% | 0.48x | 1.30x | CN¥-166.82 Million |
Industry Comparison
This section compares Ocean’s King Lighting Science & Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,194,081,674
- Average return on equity (ROE) among peers: 13.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ocean’s King Lighting Science & Technology Co Ltd (002724) | CN¥2.78 Billion | 22.64% | 0.23x | $1.44 Billion |
| XJ Electric Co Ltd (000400) | $2.76 Billion | 5.32% | 1.09x | $3.70 Billion |
| Guangdong Macro Co Ltd (000533) | $627.50 Million | 10.89% | 1.21x | $870.37 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $1.97 Billion | 10.42% | 0.19x | $899.68 Million |
| Dongfang Electronics Co Ltd (000682) | $275.30 Million | 25.65% | 0.27x | $1.88 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.54 Billion | 2.10% | 1.51x | $571.84 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $8.82 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.12 Billion |
| Sieyuan Electric Co Ltd (002028) | $2.82 Billion | 5.45% | 0.34x | $12.47 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $443.54 Million |
| Gotion High tech Co Ltd (002074) | $105.54 Million | 20.87% | 1.30x | $6.27 Billion |
About Ocean’s King Lighting Science & Technology Co Ltd
Ocean's King Lighting Science & Technology Co., Ltd. engages in research and development, manufacture, and sale of lighting products in China. It offers lighting products, including fixed explosion-proof lighting, fixed professional lighting, mobile professional lighting, portable explosion-proof lighting, and portable professional lighting products. The company also provides control products, su… Read more