Lucky Harvest

SHE:002965 China Metal Fabrication
Market Cap
$1.17 Billion
CN¥8.60 Billion CNY
Market Cap Rank
#8440 Global
#1615 in China
Share Price
CN¥32.40
Change (1 day)
-1.97%
52-Week Range
CN¥32.40 - CN¥67.11
All Time High
CN¥75.80
Categories
Companies in China Metal Fabrication
About

Lucky Harvest Co., Ltd. engages in the research, development, production, and sale of precision stamping dies and structural metal parts in China. Its products include progressive, transfer, and multiset tools for production of automobile metal structural parts and components; auto parts systems, such as body, battery, electronic, seating, new energy, and heat exchanger systems; CNC sheet metal p… Read more

Lucky Harvest (002965) - Net Assets

Latest net assets as of September 2025: CN¥4.27 Billion CNY

Based on the latest financial reports, Lucky Harvest (002965) has net assets worth CN¥4.27 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¥8.69 Billion) and total liabilities (CN¥4.42 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¥4.27 Billion
% of Total Assets 49.17%
Annual Growth Rate 28.19%
5-Year Change 124.41%
10-Year Change 908.17%
Growth Volatility 26.53

Lucky Harvest - Net Assets Trend (2012–2024)

This chart illustrates how Lucky Harvest's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Lucky Harvest (2012–2024)

The table below shows the annual net assets of Lucky Harvest from 2012 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.20 Billion +35.11%
2023-12-31 CN¥3.11 Billion +14.21%
2022-12-31 CN¥2.72 Billion +43.73%
2021-12-31 CN¥1.89 Billion +1.18%
2020-12-31 CN¥1.87 Billion +15.40%
2019-12-31 CN¥1.62 Billion +108.17%
2018-12-31 CN¥779.38 Million +22.06%
2017-12-31 CN¥638.51 Million +19.72%
2016-12-31 CN¥533.35 Million +27.98%
2015-12-31 CN¥416.76 Million +9.97%
2014-12-31 CN¥378.99 Million +22.96%
2013-12-31 CN¥308.22 Million +44.42%
2012-12-31 CN¥213.42 Million --

Equity Component Analysis

This analysis shows how different components contribute to Lucky Harvest'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 2005.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.48 Billion 35.32%
Common Stock CN¥204.21 Million 4.86%
Other Comprehensive Income CN¥137.53 Million 3.28%
Other Components CN¥2.37 Billion 56.53%
Total Equity CN¥4.20 Billion 100.00%

Lucky Harvest Competitors by Market Cap

The table below lists competitors of Lucky Harvest ranked by their market capitalization.

Company Market Cap
OPmobility SE
PA:OPM
 		$756.06 Million
Electricity Generating Public Company Limited
BK:EGCO
 		$756.07 Million
Standard Motor Products Inc
NYSE:SMP
 		$756.58 Million
Nanjing Develop Advanced Manufacturing Co Ltd
SHG:688377
 		$756.65 Million
PHARVARIS N.V. EO -12
F:9EN
 		$755.84 Million
Shanghai Fullhan Microelectronics Co Ltd
SHE:300613
 		$755.74 Million
MoneyLion Inc
NYSE:ML
 		$755.68 Million
SK Bioscience Co Ltd
KO:302440
 		$755.55 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lucky Harvest's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,106,517,000 to 4,197,640,000, a change of 1,091,123,000 (35.1%).
  • Net income of 359,441,772 contributed positively to equity growth.
  • Dividend payments of 123,270,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 24,948,495.
  • Other factors increased equity by 879,899,723.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥359.44 Million +8.56%
Dividends Paid CN¥123.27 Million -2.94%
Other Comprehensive Income CN¥-24.95 Million -0.59%
Other Changes CN¥879.90 Million +20.96%
Total Change CN¥- 35.12%

Book Value vs Market Value Analysis

This analysis compares Lucky Harvest'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: 1.64x
  • 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 15.81x to 1.64x 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¥2.05 CN¥32.40 x
2013-12-31 CN¥2.96 CN¥32.40 x
2014-12-31 CN¥3.35 CN¥32.40 x
2015-12-31 CN¥3.67 CN¥32.40 x
2016-12-31 CN¥4.72 CN¥32.40 x
2017-12-31 CN¥5.65 CN¥32.40 x
2018-12-31 CN¥6.90 CN¥32.40 x
2019-12-31 CN¥10.77 CN¥32.40 x
2020-12-31 CN¥12.42 CN¥32.40 x
2021-12-31 CN¥12.57 CN¥32.40 x
2022-12-31 CN¥15.31 CN¥32.40 x
2023-12-31 CN¥17.73 CN¥32.40 x
2024-12-31 CN¥19.80 CN¥32.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lucky Harvest 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): 8.56%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.33%
  • • Asset Turnover: 0.86x
  • • Equity Multiplier: 1.87x
  • Recent ROE (8.56%) is below the historical average (14.72%), 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 20.02% 11.45% 1.07x 1.63x CN¥21.38 Million
2013 18.65% 10.25% 1.13x 1.61x CN¥26.66 Million
2014 18.67% 9.70% 1.20x 1.61x CN¥32.87 Million
2015 19.91% 9.59% 1.10x 1.89x CN¥41.30 Million
2016 21.86% 10.07% 1.15x 1.88x CN¥63.25 Million
2017 21.78% 9.82% 1.16x 1.91x CN¥75.22 Million
2018 18.07% 9.53% 1.06x 1.79x CN¥62.93 Million
2019 9.32% 9.47% 0.68x 1.45x CN¥-10.99 Million
2020 8.63% 8.79% 0.54x 1.82x CN¥-25.63 Million
2021 3.38% 2.70% 0.61x 2.04x CN¥-125.35 Million
2022 9.43% 5.98% 0.78x 2.02x CN¥-15.50 Million
2023 13.09% 7.13% 0.86x 2.13x CN¥96.08 Million
2024 8.56% 5.33% 0.86x 1.87x CN¥-60.32 Million

Industry Comparison

This section compares Lucky Harvest's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

  • Industry: Metal Fabrication
  • Average net assets among peers: $1,395,074,785
  • Average return on equity (ROE) among peers: 6.48%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Lucky Harvest (002965) CN¥4.27 Billion 20.02% 1.03x $755.92 Million
Xinjiang Hejin Holding Co Ltd (000633) $64.30 Million 0.00% 1.02x $284.65 Million
Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) $509.39 Million 14.10% 0.43x $181.24 Million
Winstech Precision Hldg Co (001319) $1.31 Billion 8.55% 0.30x $171.05 Million
Guangdong Jingyi Metal Co Ltd (002295) $1.34 Billion 1.79% 0.53x $383.33 Million
Shanghai Xinpeng Industry Co Ltd (002328) $2.95 Billion 3.40% 0.34x $476.45 Million
Beijing Lier High Temperature Materials Co Ltd (002392) $3.15 Billion 5.21% 0.69x $733.89 Million
Suzhou Victory Precision Manufacture Co Ltd (002426) $1.29 Billion 10.75% 0.38x $1.78 Billion
Dajin Heavy Industry Corp (002487) $1.74 Billion 2.39% 0.58x $3.91 Billion
Jiangsu Boamax Technologies Group Co Ltd (002514) $537.57 Million 3.78% 0.23x $294.25 Million
Guangzheng Group Co Ltd (002524) $1.06 Billion 14.84% 0.68x $230.73 Million