Chang Lan Electric Technology Co Ltd (002879) - Net Assets
Based on the latest financial reports, Chang Lan Electric Technology Co Ltd (002879) has net assets worth CN¥1.97 Billion CNY (≈ $288.12 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¥2.73 Billion ≈ $398.83 Million USD) and total liabilities (CN¥756.61 Million ≈ $110.72 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 002879 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.97 Billion |
| % of Total Assets | 72.24% |
| Annual Growth Rate | 14.75% |
| 5-Year Change | 24.63% |
| 10-Year Change | 212.14% |
| Growth Volatility | 24.63 |
Chang Lan Electric Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Chang Lan Electric Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Chang Lan Electric Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Chang Lan Electric Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Chang Lan Electric Technology Co Ltd from 2012 to 2024. For live valuation and market cap data, see 002879 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.91 Billion ≈ $280.13 Million |
+8.22% |
| 2023-12-31 | CN¥1.77 Billion ≈ $258.86 Million |
+4.95% |
| 2022-12-31 | CN¥1.69 Billion ≈ $246.64 Million |
+3.08% |
| 2021-12-31 | CN¥1.64 Billion ≈ $239.26 Million |
+6.45% |
| 2020-12-31 | CN¥1.54 Billion ≈ $224.77 Million |
+5.27% |
| 2019-12-31 | CN¥1.46 Billion ≈ $213.52 Million |
-2.98% |
| 2018-12-31 | CN¥1.50 Billion ≈ $220.09 Million |
+7.71% |
| 2017-12-31 | CN¥1.40 Billion ≈ $204.34 Million |
+95.13% |
| 2016-12-31 | CN¥715.65 Million ≈ $104.72 Million |
+16.69% |
| 2015-12-31 | CN¥613.30 Million ≈ $89.75 Million |
+19.00% |
| 2014-12-31 | CN¥515.39 Million ≈ $75.42 Million |
+15.67% |
| 2013-12-31 | CN¥445.56 Million ≈ $65.20 Million |
+21.29% |
| 2012-12-31 | CN¥367.34 Million ≈ $53.75 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chang Lan Electric 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 1652.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥884.52 Million | 51.45% |
| Common Stock | CN¥193.11 Million | 11.23% |
| Other Components | CN¥641.42 Million | 37.31% |
| Total Equity | CN¥1.72 Billion | 100.00% |
Chang Lan Electric Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Chang Lan Electric Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aekyung Petrochemical Co Ltd
KO:161000
|
$508.09 Million |
|
Zhengyuan Geomatics Group Co Ltd
SHG:688509
|
$508.17 Million |
|
Neuropace Inc
NASDAQ:NPCE
|
$508.28 Million |
|
Perfect Group Corp Ltd Class A
SHG:603059
|
$508.28 Million |
|
Altia Consultores S.A.
MC:ALC
|
$507.97 Million |
|
Upstream Bio, Inc.
NASDAQ:UPB
|
$507.96 Million |
|
Mezzion Pharma Co.Ltd
KQ:140410
|
$507.93 Million |
|
Braiin Limited Common Stock
NASDAQ:BRAI
|
$507.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chang Lan Electric Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,768,997,908 to 1,719,048,921, a change of -49,948,987 (-2.8%).
- Net income of 74,681,992 contributed positively to equity growth.
- Dividend payments of 47,882,587 reduced retained earnings.
- Share repurchases of 98,878,351 reduced equity.
- Other factors increased equity by 22,129,959.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥74.68 Million | +4.34% |
| Dividends Paid | CN¥47.88 Million | -2.79% |
| Share Repurchases | CN¥98.88 Million | -5.75% |
| Other Changes | CN¥22.13 Million | +1.29% |
| Total Change | CN¥- | -2.82% |
Book Value vs Market Value Analysis
This analysis compares Chang Lan Electric 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: 2.02x
- 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 6.46x to 2.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥2.78 | CN¥17.98 | x |
| 2013-12-31 | CN¥3.10 | CN¥17.98 | x |
| 2014-12-31 | CN¥3.58 | CN¥17.98 | x |
| 2015-12-31 | CN¥4.25 | CN¥17.98 | x |
| 2016-12-31 | CN¥4.97 | CN¥17.98 | x |
| 2017-12-31 | CN¥8.08 | CN¥17.98 | x |
| 2018-12-31 | CN¥7.74 | CN¥17.98 | x |
| 2019-12-31 | CN¥7.71 | CN¥17.98 | x |
| 2020-12-31 | CN¥8.55 | CN¥17.98 | x |
| 2021-12-31 | CN¥9.10 | CN¥17.98 | x |
| 2022-12-31 | CN¥8.73 | CN¥17.98 | x |
| 2023-12-31 | CN¥9.16 | CN¥17.98 | x |
| 2024-12-31 | CN¥8.90 | CN¥17.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chang Lan Electric 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): 4.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.01%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.49x
- Recent ROE (4.34%) is below the historical average (10.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 14.11% | 13.34% | 0.60x | 1.77x | CN¥14.86 Million |
| 2013 | 14.27% | 15.95% | 0.58x | 1.55x | CN¥18.72 Million |
| 2014 | 16.94% | 17.94% | 0.58x | 1.62x | CN¥35.72 Million |
| 2015 | 17.83% | 20.78% | 0.59x | 1.47x | CN¥48.05 Million |
| 2016 | 16.10% | 21.08% | 0.54x | 1.41x | CN¥43.65 Million |
| 2017 | 8.66% | 19.61% | 0.37x | 1.21x | CN¥-18.69 Million |
| 2018 | 8.53% | 18.47% | 0.38x | 1.21x | CN¥-22.09 Million |
| 2019 | 9.99% | 17.09% | 0.47x | 1.24x | CN¥-213.68K |
| 2020 | 10.52% | 17.18% | 0.48x | 1.28x | CN¥7.99 Million |
| 2021 | 8.59% | 13.27% | 0.50x | 1.30x | CN¥-23.13 Million |
| 2022 | 1.76% | 3.00% | 0.45x | 1.32x | CN¥-138.84 Million |
| 2023 | 4.08% | 6.92% | 0.45x | 1.31x | CN¥-104.77 Million |
| 2024 | 4.34% | 6.01% | 0.48x | 1.49x | CN¥-97.22 Million |
Industry Comparison
This section compares Chang Lan Electric 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: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chang Lan Electric Technology Co Ltd (002879) | CN¥1.97 Billion | 14.11% | 0.38x | $508.07 Million |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Chang Lan Electric Technology Co Ltd
Chang Lan Technology Group Co., Ltd. engages in the research and development, production, sale, and service of power cable accessories and supporting products in China and internationally. The company's products include cable and smart accessories; and grounding devices. It also offers cable engineering equipment comprising crimping tool, insultation exploitation knife, cable grinder, hoist, cabl… Read more