Dongguan Aohai Technology Co
Dongguan Aohai Technology Co., Ltd. designs, research, develops, produces, and sells consumer electronics products in China and internationally. The company's products include smart phone chargers, adapters, server power supply, wireless chargers, power for PC and electric tools, portable energy storage, power bank, and smart home and outdoor appliances. Dongguan Aohai Technology Co., Ltd. was fo… Read more
Dongguan Aohai Technology Co (002993) - Net Assets
Latest net assets as of September 2025: CN¥5.08 Billion CNY
Based on the latest financial reports, Dongguan Aohai Technology Co (002993) has net assets worth CN¥5.08 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¥9.32 Billion) and total liabilities (CN¥4.24 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¥5.08 Billion |
| % of Total Assets | 54.46% |
| Annual Growth Rate | 36.85% |
| 5-Year Change | 126.08% |
| 10-Year Change | N/A |
| Growth Volatility | 57.6 |
Dongguan Aohai Technology Co - Net Assets Trend (2016–2024)
This chart illustrates how Dongguan Aohai Technology Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dongguan Aohai Technology Co (2016–2024)
The table below shows the annual net assets of Dongguan Aohai Technology Co from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.01 Billion | +3.07% |
| 2023-12-31 | CN¥4.86 Billion | +5.13% |
| 2022-12-31 | CN¥4.62 Billion | +84.96% |
| 2021-12-31 | CN¥2.50 Billion | +12.80% |
| 2020-12-31 | CN¥2.22 Billion | +182.53% |
| 2019-12-31 | CN¥784.42 Million | +39.91% |
| 2018-12-31 | CN¥560.67 Million | +25.35% |
| 2017-12-31 | CN¥447.29 Million | +9.83% |
| 2016-12-31 | CN¥407.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dongguan Aohai Technology Co'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 654.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.78 Billion | 36.20% |
| Common Stock | CN¥276.04 Million | 5.61% |
| Other Components | CN¥2.86 Billion | 58.19% |
| Total Equity | CN¥4.92 Billion | 100.00% |
Dongguan Aohai Technology Co Competitors by Market Cap
The table below lists competitors of Dongguan Aohai Technology Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CLOVER HEALTH INV. CL.A
F:7QD
|
$684.18 Million |
|
Leshan Giantstar Farming & Husbandry Corp Ltd
SHG:603477
|
$684.18 Million |
|
Seneca Foods Corp A
NASDAQ:SENEA
|
$684.24 Million |
|
Winpak Ltd
PINK:WIPKF
|
$684.45 Million |
|
NORTHEAST BANK. NEW DL 1
F:73K
|
$683.42 Million |
|
Shanghai Baolong Automotive Corp
SHG:603197
|
$683.40 Million |
|
Skyworth Digital Co Ltd
SHE:000810
|
$683.09 Million |
|
Northwest Pipe Company
NASDAQ:NWPX
|
$683.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dongguan Aohai Technology Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,773,180,853 to 4,916,840,400, a change of 143,659,547 (3.0%).
- Net income of 464,864,293 contributed positively to equity growth.
- Dividend payments of 338,123,686 reduced retained earnings.
- Share repurchases of 40,265,919 reduced equity.
- Other factors increased equity by 57,184,859.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥464.86 Million | +9.45% |
| Dividends Paid | CN¥338.12 Million | -6.88% |
| Share Repurchases | CN¥40.27 Million | -0.82% |
| Other Changes | CN¥57.18 Million | +1.16% |
| Total Change | CN¥- | 3.01% |
Book Value vs Market Value Analysis
This analysis compares Dongguan Aohai Technology Co'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: 2.69x
- 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 18.32x to 2.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.61 | CN¥47.76 | x |
| 2017-12-31 | CN¥2.55 | CN¥47.76 | x |
| 2018-12-31 | CN¥3.19 | CN¥47.76 | x |
| 2019-12-31 | CN¥3.34 | CN¥47.76 | x |
| 2020-12-31 | CN¥9.43 | CN¥47.76 | x |
| 2021-12-31 | CN¥10.63 | CN¥47.76 | x |
| 2022-12-31 | CN¥16.55 | CN¥47.76 | x |
| 2023-12-31 | CN¥17.21 | CN¥47.76 | x |
| 2024-12-31 | CN¥17.77 | CN¥47.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dongguan Aohai Technology Co 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): 9.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.24%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.82x
- Recent ROE (9.45%) is below the historical average (17.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 39.25% | 15.80% | 1.22x | 2.03x | CN¥119.13 Million |
| 2017 | 11.46% | 4.45% | 1.02x | 2.53x | CN¥6.54 Million |
| 2018 | 20.28% | 6.85% | 1.01x | 2.93x | CN¥57.65 Million |
| 2019 | 28.24% | 9.57% | 1.04x | 2.83x | CN¥143.09 Million |
| 2020 | 14.85% | 11.17% | 0.70x | 1.89x | CN¥107.42 Million |
| 2021 | 13.67% | 8.04% | 0.84x | 2.03x | CN¥91.76 Million |
| 2022 | 9.58% | 9.80% | 0.63x | 1.54x | CN¥-19.33 Million |
| 2023 | 9.24% | 8.52% | 0.62x | 1.76x | CN¥-36.38 Million |
| 2024 | 9.45% | 7.24% | 0.72x | 1.82x | CN¥-26.82 Million |
Industry Comparison
This section compares Dongguan Aohai Technology Co's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dongguan Aohai Technology Co (002993) | CN¥5.08 Billion | 39.25% | 0.84x | $683.93 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |