Lucky Harvest (002965) - Net Assets

Latest as of September 2025: CN¥4.27 Billion CNY ≈ $625.31 Million USD

Based on the latest financial reports, Lucky Harvest (002965) has net assets worth CN¥4.27 Billion CNY (≈ $625.31 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¥8.69 Billion ≈ $1.27 Billion USD) and total liabilities (CN¥4.42 Billion ≈ $646.32 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 Lucky Harvest (002965) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Lucky Harvest for the complete picture of this company's asset base.

Annual Net Assets for Lucky Harvest (2012–2024)

The table below shows the annual net assets of Lucky Harvest from 2012 to 2024. For live valuation and market cap data, see 002965 market cap overview.

Year	Net Assets	Change
2024-12-31	CN¥4.20 Billion ≈ $614.83 Million	+35.11%
2023-12-31	CN¥3.11 Billion ≈ $455.06 Million	+14.21%
2022-12-31	CN¥2.72 Billion ≈ $398.42 Million	+43.73%
2021-12-31	CN¥1.89 Billion ≈ $277.19 Million	+1.18%
2020-12-31	CN¥1.87 Billion ≈ $273.97 Million	+15.40%
2019-12-31	CN¥1.62 Billion ≈ $237.41 Million	+108.17%
2018-12-31	CN¥779.38 Million ≈ $114.05 Million	+22.06%
2017-12-31	CN¥638.51 Million ≈ $93.43 Million	+19.72%
2016-12-31	CN¥533.35 Million ≈ $78.05 Million	+27.98%
2015-12-31	CN¥416.76 Million ≈ $60.98 Million	+9.97%
2014-12-31	CN¥378.99 Million ≈ $55.46 Million	+22.96%
2013-12-31	CN¥308.22 Million ≈ $45.10 Million	+44.42%
2012-12-31	CN¥213.42 Million ≈ $31.23 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
Aryt Industries Ltd TA:ARYT	$1.14 Billion
Meren Energy Inc. NASDAQ:MRNFF	$1.14 Billion
ShenZhen Kondarl Group Co Ltd SHE:000048	$1.14 Billion
Top Energy Shanxi Co Ltd SHG:600780	$1.14 Billion
Guangdong Hoshion Aluminium Co Ltd SHE:002824	$1.14 Billion
Viet Capital Securities JSC VN:VCI	$1.14 Billion
British American Tobacco PLC LSE:BATS	$1.14 Billion
HIT Welding Industry Co. Ltd. SHE:301137	$1.14 Billion

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: 1.49x
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 14.36x to 1.49x 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¥29.43	x
2013-12-31	CN¥2.96	CN¥29.43	x
2014-12-31	CN¥3.35	CN¥29.43	x
2015-12-31	CN¥3.67	CN¥29.43	x
2016-12-31	CN¥4.72	CN¥29.43	x
2017-12-31	CN¥5.65	CN¥29.43	x
2018-12-31	CN¥6.90	CN¥29.43	x
2019-12-31	CN¥10.77	CN¥29.43	x
2020-12-31	CN¥12.42	CN¥29.43	x
2021-12-31	CN¥12.57	CN¥29.43	x
2022-12-31	CN¥15.31	CN¥29.43	x
2023-12-31	CN¥17.73	CN¥29.43	x
2024-12-31	CN¥19.80	CN¥29.43	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: $1,775,582,049
Average return on equity (ROE) among peers: 9.11%

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	$1.14 Billion
China International Marine Containers Group Ltd (000039)	$117.09 Million	38.10%	0.98x	$4.17 Billion
Xinjiang Hejin Holding Co Ltd (000633)	$226.97 Million	1.05%	0.40x	$384.89 Million
Guangdong Jingyi Metal Co Ltd (002295)	$832.24 Million	2.58%	0.83x	$411.84 Million
Shanghai Xinpeng Industry Co Ltd (002328)	$2.72 Billion	3.51%	0.48x	$1.17 Billion
Beijing Lier High Temperature Materials Co Ltd (002392)	$1.81 Billion	5.91%	0.16x	$1.60 Billion
Suzhou Victory Precision Manufacture Co Ltd (002426)	$7.46 Billion	-10.76%	1.40x	$1.85 Billion
Dajin Heavy Industry Corp (002487)	$1.55 Billion	3.04%	0.28x	$7.84 Billion
Jiangsu Boamax Technologies Group Co Ltd (002514)	$1.03 Billion	6.46%	0.73x	$358.24 Million
Guangzheng Group Co Ltd (002524)	$38.92 Million	30.50%	1.33x	$332.55 Million
Anhui Honglu Steel Construction Group Co Ltd (002541)	$1.98 Billion	10.74%	1.11x	$1.96 Billion

About Lucky Harvest

SHE:002965 China Metal Fabrication

Market Cap

$1.14 Billion

CN¥7.81 Billion CNY

Market Cap Rank

#8544 Global

#2230 in China

Share Price

CN¥29.43

Change (1 day)

-0.71%

52-Week Range

CN¥27.71 - CN¥60.42

All Time High

CN¥75.80