China Leadshine Technology Co Ltd (002979) - Net Assets
Based on the latest financial reports, China Leadshine Technology Co Ltd (002979) has net assets worth CN¥1.90 Billion CNY (≈ $278.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.17 Billion ≈ $464.23 Million USD) and total liabilities (CN¥1.27 Billion ≈ $185.60 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 002979 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.90 Billion |
| % of Total Assets | 60.02% |
| Annual Growth Rate | 21.22% |
| 5-Year Change | 63.86% |
| 10-Year Change | 395.73% |
| Growth Volatility | 20.47 |
China Leadshine Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how China Leadshine Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of China Leadshine Technology Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Leadshine Technology Co Ltd (2011–2025)
The table below shows the annual net assets of China Leadshine Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see 002979 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.79 Billion ≈ $262.43 Million |
+19.18% |
| 2024-12-31 | CN¥1.50 Billion ≈ $220.19 Million |
+13.05% |
| 2023-12-31 | CN¥1.33 Billion ≈ $194.78 Million |
+9.38% |
| 2022-12-31 | CN¥1.22 Billion ≈ $178.07 Million |
+11.19% |
| 2021-12-31 | CN¥1.09 Billion ≈ $160.15 Million |
-2.07% |
| 2020-12-31 | CN¥1.12 Billion ≈ $163.54 Million |
+80.08% |
| 2019-12-31 | CN¥620.62 Million ≈ $90.82 Million |
+28.27% |
| 2018-12-31 | CN¥483.85 Million ≈ $70.80 Million |
+34.46% |
| 2017-12-31 | CN¥359.86 Million ≈ $52.66 Million |
-0.53% |
| 2016-12-31 | CN¥361.76 Million ≈ $52.94 Million |
+28.74% |
| 2015-12-31 | CN¥281.00 Million ≈ $41.12 Million |
+39.77% |
| 2013-12-31 | CN¥201.05 Million ≈ $29.42 Million |
+23.65% |
| 2012-12-31 | CN¥162.60 Million ≈ $23.79 Million |
+34.18% |
| 2011-12-31 | CN¥121.18 Million ≈ $17.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Leadshine 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 2135.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥848.98 Million | 48.09% |
| Other Components | CN¥916.44 Million | 51.91% |
| Total Equity | CN¥1.77 Billion | 100.00% |
China Leadshine Technology Co Ltd Competitors by Market Cap
The table below lists competitors of China Leadshine Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kiniksa Pharmaceuticals Ltd
NASDAQ:KNSA
|
$2.55 Billion |
|
Par Pacific Holdings Inc
NYSE:PARR
|
$2.55 Billion |
|
Tera Yatirim Menkul Degerler A.S.
IS:TERA
|
$2.55 Billion |
|
Zhejiang Yonghe Refrigerant Co Ltd
SHG:605020
|
$2.55 Billion |
|
Kingclean Electric Co Ltd
SHG:603355
|
$2.55 Billion |
|
Tarsus Pharmaceuticals Inc
NASDAQ:TARS
|
$2.55 Billion |
|
Autobio Diagnostics Co Ltd
SHG:603658
|
$2.55 Billion |
|
FOCI Fiber Optic Communications
TWO:3363
|
$2.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Leadshine Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,486,708,637 to 1,765,419,644, a change of 278,711,007 (18.7%).
- Net income of 225,372,275 contributed positively to equity growth.
- Dividend payments of 107,667,105 reduced retained earnings.
- Other comprehensive income decreased equity by 259,196.
- Other factors increased equity by 161,265,033.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥225.37 Million | +12.77% |
| Dividends Paid | CN¥107.67 Million | -6.1% |
| Other Comprehensive Income | CN¥-259.20K | -0.01% |
| Other Changes | CN¥161.27 Million | +9.13% |
| Total Change | CN¥- | 18.75% |
Book Value vs Market Value Analysis
This analysis compares China Leadshine 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: 9.88x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 46.84x to 9.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.18 | CN¥55.33 | x |
| 2012-12-31 | CN¥1.57 | CN¥55.33 | x |
| 2013-12-31 | CN¥1.95 | CN¥55.33 | x |
| 2015-12-31 | CN¥1.38 | CN¥55.33 | x |
| 2016-12-31 | CN¥1.79 | CN¥55.33 | x |
| 2017-12-31 | CN¥1.78 | CN¥55.33 | x |
| 2018-12-31 | CN¥3.12 | CN¥55.33 | x |
| 2019-12-31 | CN¥1.99 | CN¥55.33 | x |
| 2020-12-31 | CN¥3.61 | CN¥55.33 | x |
| 2021-12-31 | CN¥3.57 | CN¥55.33 | x |
| 2022-12-31 | CN¥3.96 | CN¥55.33 | x |
| 2023-12-31 | CN¥4.28 | CN¥55.33 | x |
| 2024-12-31 | CN¥4.75 | CN¥55.33 | x |
| 2025-12-31 | CN¥5.60 | CN¥55.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Leadshine 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): 12.77%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.03%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.76x
- Recent ROE (12.77%) is below the historical average (21.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 39.70% | 21.30% | 1.48x | 1.26x | CN¥35.82 Million |
| 2012 | 32.54% | 21.93% | 1.17x | 1.27x | CN¥36.66 Million |
| 2013 | 31.20% | 22.50% | 1.09x | 1.28x | CN¥41.98 Million |
| 2015 | 25.46% | 19.43% | 1.02x | 1.29x | CN¥43.43 Million |
| 2016 | 22.29% | 19.05% | 0.88x | 1.33x | CN¥44.46 Million |
| 2017 | 25.96% | 17.45% | 1.02x | 1.46x | CN¥57.45 Million |
| 2018 | 17.79% | 14.05% | 0.95x | 1.34x | CN¥36.71 Million |
| 2019 | 17.92% | 16.22% | 0.85x | 1.30x | CN¥47.55 Million |
| 2020 | 16.17% | 18.60% | 0.69x | 1.27x | CN¥67.15 Million |
| 2021 | 20.46% | 18.15% | 0.73x | 1.54x | CN¥111.62 Million |
| 2022 | 18.31% | 16.47% | 0.61x | 1.82x | CN¥99.98 Million |
| 2023 | 10.51% | 9.79% | 0.61x | 1.75x | CN¥6.68 Million |
| 2024 | 13.48% | 12.65% | 0.67x | 1.60x | CN¥51.79 Million |
| 2025 | 12.77% | 12.03% | 0.60x | 1.76x | CN¥48.83 Million |
Industry Comparison
This section compares China Leadshine 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: $1,962,958,871
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Leadshine Technology Co Ltd (002979) | CN¥1.90 Billion | 39.70% | 0.67x | $2.55 Billion |
| XJ Electric Co Ltd (000400) | $769.50 Million | 13.66% | 0.29x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $656.70 Million | 10.00% | 3.24x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.57 Billion | 1.54% | 1.62x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $684.66 Million | 5.90% | 0.54x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $10.67 Billion | 14.62% | 0.76x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $102.42 Million | 12.86% | 0.78x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $7.89 Billion |
About China Leadshine Technology Co Ltd
China Leadshine Technology Co., Ltd., together with its subsidiaries, provides motion control products and solutions in China and internationally. It operates in three segments: Drive Division, Control Division, and Motor Division. The company offers fieldbus products comprising EtherCAT, EtherNet/IP, CANopen, and Modbus RTU; integrated stepper motors and closed loops, stepper motors, and integra… Read more