MLS Co Ltd
MLS Co., Ltd. engages in the lighting and LED intelligent manufacturing businesses in China and internationally. It offers LED lamp beads, filament, and SMD; backlight series and ceramic package; LED display lamp beads-indoor and outdoor, and display module; AC/DC power adapter, LED lamp driver power series, and charger series; and LED bulb and tube lamp, track light, magnetic lamp, downlight, ce… Read more
MLS Co Ltd (002745) - Net Assets
Latest net assets as of September 2025: CN¥13.44 Billion CNY
Based on the latest financial reports, MLS Co Ltd (002745) has net assets worth CN¥13.44 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¥24.62 Billion) and total liabilities (CN¥11.18 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¥13.44 Billion |
| % of Total Assets | 54.58% |
| Annual Growth Rate | 31.66% |
| 5-Year Change | 2.22% |
| 10-Year Change | 403.31% |
| Growth Volatility | 35.5 |
MLS Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how MLS 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 MLS Co Ltd (2008–2024)
The table below shows the annual net assets of MLS Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.80 Billion | -7.21% |
| 2023-12-31 | CN¥13.80 Billion | +2.38% |
| 2022-12-31 | CN¥13.47 Billion | +1.28% |
| 2021-12-31 | CN¥13.30 Billion | +6.24% |
| 2020-12-31 | CN¥12.52 Billion | +20.39% |
| 2019-12-31 | CN¥10.40 Billion | +8.12% |
| 2018-12-31 | CN¥9.62 Billion | +62.32% |
| 2017-12-31 | CN¥5.93 Billion | +10.25% |
| 2016-12-31 | CN¥5.38 Billion | +111.36% |
| 2015-12-31 | CN¥2.54 Billion | +69.92% |
| 2014-12-31 | CN¥1.50 Billion | +41.80% |
| 2013-12-31 | CN¥1.06 Billion | +51.58% |
| 2012-12-31 | CN¥696.34 Million | +30.97% |
| 2011-12-31 | CN¥531.70 Million | +26.39% |
| 2010-12-31 | CN¥420.69 Million | +109.51% |
| 2009-12-31 | CN¥200.80 Million | +27.89% |
| 2008-12-31 | CN¥157.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MLS 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 10466.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.34 Billion | 26.33% |
| Common Stock | CN¥1.48 Billion | 11.69% |
| Other Components | CN¥7.87 Billion | 61.98% |
| Total Equity | CN¥12.69 Billion | 100.00% |
MLS Co Ltd Competitors by Market Cap
The table below lists competitors of MLS Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Karoon Energy Ltd
PINK:KRNGY
|
$947.21 Million |
|
CVS Group plc
PINK:CVSGF
|
$947.94 Million |
|
Upbound Group Inc.
NASDAQ:UPBD
|
$948.14 Million |
|
Enliven Therapeutics Inc.
NASDAQ:ELVN
|
$948.49 Million |
|
Fastighets AB Balder Series B
LSE:0H2Z
|
$946.63 Million |
|
Vienna Insurance Group AG
PINK:VNRGF
|
$945.82 Million |
|
Okinawa Cellular Telephone Company
PINK:OKCTF
|
$945.49 Million |
|
Oculis Holding AG
IC:OCS
|
$944.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MLS Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,656,466,934 to 12,693,312,504, a change of -963,154,430 (-7.1%).
- Net income of 373,787,011 contributed positively to equity growth.
- Dividend payments of 1,094,822,207 reduced retained earnings.
- Other comprehensive income decreased equity by 773,384,547.
- Other factors increased equity by 531,265,313.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥373.79 Million | +2.94% |
| Dividends Paid | CN¥1.09 Billion | -8.63% |
| Other Comprehensive Income | CN¥-773.38 Million | -6.09% |
| Other Changes | CN¥531.27 Million | +4.19% |
| Total Change | CN¥- | -7.05% |
Book Value vs Market Value Analysis
This analysis compares MLS 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: 1.02x
- 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 14.28x to 1.02x 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¥0.61 | CN¥8.73 | x |
| 2009-12-31 | CN¥0.80 | CN¥8.73 | x |
| 2010-12-31 | CN¥1.66 | CN¥8.73 | x |
| 2011-12-31 | CN¥0.65 | CN¥8.73 | x |
| 2012-12-31 | CN¥0.84 | CN¥8.73 | x |
| 2013-12-31 | CN¥1.29 | CN¥8.73 | x |
| 2014-12-31 | CN¥1.83 | CN¥8.73 | x |
| 2015-12-31 | CN¥2.85 | CN¥8.73 | x |
| 2016-12-31 | CN¥5.32 | CN¥8.73 | x |
| 2017-12-31 | CN¥5.54 | CN¥8.73 | x |
| 2018-12-31 | CN¥7.97 | CN¥8.73 | x |
| 2019-12-31 | CN¥7.99 | CN¥8.73 | x |
| 2020-12-31 | CN¥9.09 | CN¥8.73 | x |
| 2021-12-31 | CN¥8.92 | CN¥8.73 | x |
| 2022-12-31 | CN¥9.04 | CN¥8.73 | x |
| 2023-12-31 | CN¥9.21 | CN¥8.73 | x |
| 2024-12-31 | CN¥8.55 | CN¥8.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MLS 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.21%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.85x
- Recent ROE (2.94%) is below the historical average (13.86%), 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 | 11.45% | 4.43% | 1.04x | 2.49x | CN¥2.16 Million |
| 2009 | 21.77% | 9.15% | 1.08x | 2.21x | CN¥22.57 Million |
| 2010 | 24.95% | 12.51% | 0.86x | 2.33x | CN¥61.09 Million |
| 2011 | 20.77% | 8.45% | 0.74x | 3.34x | CN¥55.53 Million |
| 2012 | 23.86% | 9.05% | 0.77x | 3.44x | CN¥93.83 Million |
| 2013 | 41.81% | 15.06% | 0.84x | 3.32x | CN¥329.19 Million |
| 2014 | 29.53% | 10.84% | 0.77x | 3.54x | CN¥286.88 Million |
| 2015 | 10.17% | 6.58% | 0.51x | 3.06x | CN¥4.33 Million |
| 2016 | 9.01% | 8.58% | 0.40x | 2.65x | CN¥-51.74 Million |
| 2017 | 11.37% | 8.18% | 0.43x | 3.21x | CN¥80.60 Million |
| 2018 | 7.53% | 4.01% | 0.56x | 3.35x | CN¥-236.09 Million |
| 2019 | 4.76% | 2.59% | 0.55x | 3.37x | CN¥-542.14 Million |
| 2020 | 2.42% | 1.74% | 0.56x | 2.47x | CN¥-944.93 Million |
| 2021 | 8.75% | 6.23% | 0.65x | 2.17x | CN¥-165.41 Million |
| 2022 | 1.45% | 1.17% | 0.66x | 1.86x | CN¥-1.15 Billion |
| 2023 | 3.15% | 2.45% | 0.72x | 1.78x | CN¥-935.72 Million |
| 2024 | 2.94% | 2.21% | 0.72x | 1.85x | CN¥-895.54 Million |
Industry Comparison
This section compares MLS Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MLS Co Ltd (002745) | CN¥13.44 Billion | 11.45% | 0.83x | $946.82 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |