Ocean’s King Lighting Science & Technology Co Ltd (002724) - Net Assets
Based on the latest financial reports, Ocean’s King Lighting Science & Technology Co Ltd (002724) has net assets worth CN¥2.76 Billion CNY (≈ $403.18 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¥3.34 Billion ≈ $488.22 Million USD) and total liabilities (CN¥581.18 Million ≈ $85.05 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 002724 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.76 Billion |
| % of Total Assets | 82.58% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | -3.67% |
| 10-Year Change | 74.99% |
| Growth Volatility | 14.91 |
Ocean’s King Lighting Science & Technology Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Ocean’s King Lighting Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ocean’s King Lighting Science & Technolo's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ocean’s King Lighting Science & Technology Co Ltd (2009–2024)
The table below shows the annual net assets of Ocean’s King Lighting Science & Technology Co Ltd from 2009 to 2024. For live valuation and market cap data, see Ocean’s King Lighting Science & Technolo market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 368.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.39 Billion | 52.87% |
| Common Stock | CN¥771.50 Million | 29.27% |
| Other Comprehensive Income | CN¥249.22 Million | 9.46% |
| Other Components | CN¥221.29 Million | 8.40% |
| Total Equity | CN¥2.64 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 |
|---|---|
|
AB SKF (publ)
ST:SKF-A
|
$715.78 Million |
|
Redwood Trust Inc
NYSE:RWT
|
$715.90 Million |
|
SmartFinancial, Inc.
NYSE:SMBK
|
$715.91 Million |
|
Shanghai Golden Bridge
SHG:603918
|
$715.92 Million |
|
Lectra SA
PA:LSS
|
$715.73 Million |
|
eClerx Services Limited
NSE:ECLERX
|
$715.66 Million |
|
Alto Neuroscience, Inc.
NYSE:ANRO
|
$715.58 Million |
|
Hansen Technologies Ltd
AU:HSN
|
$715.30 Million |
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 2023 to 2024, total equity changed from 2,865,197,951 to 2,635,422,313, a change of -229,775,638 (-8.0%).
- Net loss of 146,695,653 reduced equity.
- Dividend payments of 31,983,741 reduced retained earnings.
- Share repurchases of 89,938,456 reduced equity.
- Other comprehensive income increased equity by 249,465,091.
- Other factors decreased equity by 210,622,879.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-146.70 Million | -5.57% |
| Dividends Paid | CN¥31.98 Million | -1.21% |
| Share Repurchases | CN¥89.94 Million | -3.41% |
| Other Comprehensive Income | CN¥249.47 Million | +9.47% |
| Other Changes | CN¥-210.62 Million | -7.99% |
| Total Change | CN¥- | -8.02% |
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: 1.86x
- 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 7.53x to 1.86x 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¥6.34 | x |
| 2010-12-31 | CN¥1.05 | CN¥6.34 | x |
| 2011-12-31 | CN¥1.28 | CN¥6.34 | x |
| 2012-12-31 | CN¥1.45 | CN¥6.34 | x |
| 2013-12-31 | CN¥1.63 | CN¥6.34 | x |
| 2014-12-31 | CN¥2.38 | CN¥6.34 | x |
| 2015-12-31 | CN¥2.13 | CN¥6.34 | x |
| 2016-12-31 | CN¥2.27 | CN¥6.34 | x |
| 2017-12-31 | CN¥2.45 | CN¥6.34 | x |
| 2018-12-31 | CN¥2.64 | CN¥6.34 | x |
| 2019-12-31 | CN¥2.89 | CN¥6.34 | x |
| 2020-12-31 | CN¥3.52 | CN¥6.34 | x |
| 2021-12-31 | CN¥3.73 | CN¥6.34 | x |
| 2022-12-31 | CN¥3.64 | CN¥6.34 | x |
| 2023-12-31 | CN¥3.69 | CN¥6.34 | x |
| 2024-12-31 | CN¥3.42 | CN¥6.34 | 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): -5.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.56%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.34x
- Recent ROE (-5.57%) is below the historical average (11.82%), 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 |
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: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ocean’s King Lighting Science & Technology Co Ltd (002724) | CN¥2.76 Billion | 22.64% | 0.21x | $715.75 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 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