Foshan Electrical and Lighting Co Ltd (200541) - Net Assets
Based on the latest financial reports, Foshan Electrical and Lighting Co Ltd (200541) has net assets worth HK$10.35 Billion HKD (≈ $1.32 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$17.17 Billion ≈ $2.19 Billion USD) and total liabilities (HK$6.83 Billion ≈ $871.51 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 Foshan Electrical and Lighting Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | HK$10.35 Billion |
| % of Total Assets | 60.24% |
| Annual Growth Rate | 12.48% |
| 5-Year Change | 61.06% |
| 10-Year Change | 101.01% |
| Growth Volatility | 27.29 |
Foshan Electrical and Lighting Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Foshan Electrical and Lighting Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 200541 total assets for the complete picture of this company's asset base.
Annual Net Assets for Foshan Electrical and Lighting Co Ltd (1992–2024)
The table below shows the annual net assets of Foshan Electrical and Lighting Co Ltd from 1992 to 2024. For live valuation and market cap data, see market value of Foshan Electrical and Lighting Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$10.17 Billion ≈ $1.30 Billion |
+4.04% |
| 2023-12-31 | HK$9.77 Billion ≈ $1.25 Billion |
+13.62% |
| 2022-12-31 | HK$8.60 Billion ≈ $1.10 Billion |
+37.03% |
| 2021-12-31 | HK$6.28 Billion ≈ $801.21 Million |
-0.57% |
| 2020-12-31 | HK$6.31 Billion ≈ $805.77 Million |
+28.63% |
| 2019-12-31 | HK$4.91 Billion ≈ $626.45 Million |
+13.04% |
| 2018-12-31 | HK$4.34 Billion ≈ $554.19 Million |
-9.55% |
| 2017-12-31 | HK$4.80 Billion ≈ $612.69 Million |
-4.11% |
| 2016-12-31 | HK$5.01 Billion ≈ $638.97 Million |
-1.03% |
| 2015-12-31 | HK$5.06 Billion ≈ $645.64 Million |
+63.44% |
| 2014-12-31 | HK$3.09 Billion ≈ $395.03 Million |
+5.78% |
| 2013-12-31 | HK$2.93 Billion ≈ $373.44 Million |
-2.40% |
| 2012-12-31 | HK$3.00 Billion ≈ $382.60 Million |
+5.60% |
| 2011-12-31 | HK$2.84 Billion ≈ $362.33 Million |
+0.93% |
| 2010-12-31 | HK$2.81 Billion ≈ $358.99 Million |
+3.92% |
| 2009-12-31 | HK$2.71 Billion ≈ $345.43 Million |
+2.78% |
| 2008-12-31 | HK$2.63 Billion ≈ $336.08 Million |
-12.78% |
| 2007-12-31 | HK$3.02 Billion ≈ $385.32 Million |
+26.17% |
| 2006-12-31 | HK$2.39 Billion ≈ $305.40 Million |
+2.68% |
| 2005-12-31 | HK$2.33 Billion ≈ $297.42 Million |
+2.99% |
| 2004-12-31 | HK$2.26 Billion ≈ $288.79 Million |
+3.11% |
| 2003-12-31 | HK$2.19 Billion ≈ $280.07 Million |
+11.60% |
| 2002-12-31 | HK$1.97 Billion ≈ $250.96 Million |
+2.80% |
| 2001-12-31 | HK$1.91 Billion ≈ $244.13 Million |
+1.55% |
| 2000-12-31 | HK$1.88 Billion ≈ $240.40 Million |
+57.96% |
| 1999-12-31 | HK$1.19 Billion ≈ $152.19 Million |
+5.15% |
| 1998-12-31 | HK$1.13 Billion ≈ $144.74 Million |
+3.22% |
| 1997-12-31 | HK$1.10 Billion ≈ $140.22 Million |
+2.11% |
| 1996-12-31 | HK$1.08 Billion ≈ $137.32 Million |
+4.50% |
| 1995-12-31 | HK$1.03 Billion ≈ $131.40 Million |
+55.16% |
| 1994-12-31 | HK$663.40 Million ≈ $84.69 Million |
+23.75% |
| 1993-12-31 | HK$536.10 Million ≈ $68.43 Million |
+127.04% |
| 1992-12-31 | HK$236.13 Million ≈ $30.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Foshan Electrical and Lighting 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 78523.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$3.66 Billion | 55.60% |
| Common Stock | HK$1.55 Billion | 23.56% |
| Other Components | HK$1.37 Billion | 20.85% |
| Total Equity | HK$6.57 Billion | 100.00% |
Foshan Electrical and Lighting Co Ltd Competitors by Market Cap
The table below lists competitors of Foshan Electrical and Lighting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ares International Corp
TW:2471
|
$78.31 Million |
|
Jcontentree Corp
KO:036420
|
$78.33 Million |
|
V2 Retail Limited
NSE:V2RETAIL
|
$78.34 Million |
|
Heubach Colorants India Limited
NSE:HEUBACHIND
|
$78.38 Million |
|
VLS Finance Limited
NSE:VLSFINANCE
|
$78.27 Million |
|
Menderes Tekstil Sanayi ve Ticaret AS
IS:MNDRS
|
$78.25 Million |
|
Vasta Platform Ltd
NASDAQ:VSTA
|
$78.25 Million |
|
Dong A Eltek Co. Ltd
KQ:088130
|
$78.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Foshan Electrical and Lighting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,285,442,808 to 6,574,304,305, a change of 288,861,497 (4.6%).
- Net income of 446,184,021 contributed positively to equity growth.
- Dividend payments of 202,185,811 reduced retained earnings.
- Other comprehensive income decreased equity by 360,027,028.
- Other factors increased equity by 404,890,315.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$446.18 Million | +6.79% |
| Dividends Paid | HK$202.19 Million | -3.08% |
| Other Comprehensive Income | HK$-360.03 Million | -5.48% |
| Other Changes | HK$404.89 Million | +6.16% |
| Total Change | HK$- | 4.60% |
Book Value vs Market Value Analysis
This analysis compares Foshan Electrical and Lighting 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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.20x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | HK$1.69 | HK$2.02 | x |
| 2007-12-31 | HK$2.15 | HK$2.02 | x |
| 2008-12-31 | HK$2.60 | HK$2.02 | x |
| 2009-12-31 | HK$1.93 | HK$2.02 | x |
| 2010-12-31 | HK$1.98 | HK$2.02 | x |
| 2011-12-31 | HK$2.01 | HK$2.02 | x |
| 2012-12-31 | HK$2.11 | HK$2.02 | x |
| 2013-12-31 | HK$2.09 | HK$2.02 | x |
| 2014-12-31 | HK$2.18 | HK$2.02 | x |
| 2015-12-31 | HK$3.59 | HK$2.02 | x |
| 2016-12-31 | HK$3.57 | HK$2.02 | x |
| 2017-12-31 | HK$3.41 | HK$2.02 | x |
| 2018-12-31 | HK$3.09 | HK$2.02 | x |
| 2019-12-31 | HK$3.49 | HK$2.02 | x |
| 2020-12-31 | HK$4.60 | HK$2.02 | x |
| 2021-12-31 | HK$4.26 | HK$2.02 | x |
| 2022-12-31 | HK$3.80 | HK$2.02 | x |
| 2023-12-31 | HK$4.56 | HK$2.02 | x |
| 2024-12-31 | HK$4.25 | HK$2.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Foshan Electrical and Lighting 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): 6.79%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.93%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.61x
- Recent ROE (6.79%) is below the historical average (10.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 20.43% | 20.46% | 0.58x | 1.71x | HK$24.63 Million |
| 1993 | 17.67% | 22.40% | 0.62x | 1.27x | HK$41.11 Million |
| 1994 | 21.97% | 32.71% | 0.50x | 1.34x | HK$79.41 Million |
| 1995 | 16.57% | 40.00% | 0.33x | 1.27x | HK$67.20 Million |
| 1996 | 16.47% | 43.96% | 0.28x | 1.34x | HK$68.99 Million |
| 1997 | 12.30% | 30.02% | 0.32x | 1.27x | HK$25.05 Million |
| 1998 | 13.11% | 29.32% | 0.36x | 1.26x | HK$35.10 Million |
| 1999 | 13.37% | 26.28% | 0.41x | 1.23x | HK$39.88 Million |
| 2000 | 8.59% | 23.45% | 0.32x | 1.16x | HK$-26.53 Million |
| 2001 | 9.09% | 21.04% | 0.37x | 1.18x | HK$-17.35 Million |
| 2002 | 10.44% | 21.39% | 0.41x | 1.20x | HK$8.69 Million |
| 2003 | 10.34% | 22.17% | 0.42x | 1.10x | HK$7.40 Million |
| 2004 | 10.26% | 18.97% | 0.48x | 1.12x | HK$5.89 Million |
| 2005 | 9.53% | 18.09% | 0.47x | 1.11x | HK$-10.89 Million |
| 2006 | 10.03% | 19.31% | 0.46x | 1.12x | HK$816.73K |
| 2007 | 14.19% | 28.33% | 0.44x | 1.14x | HK$125.07 Million |
| 2008 | 8.62% | 13.04% | 0.61x | 1.09x | HK$-36.01 Million |
| 2009 | 7.98% | 12.43% | 0.57x | 1.13x | HK$-53.83 Million |
| 2010 | 9.53% | 13.49% | 0.63x | 1.13x | HK$-12.92 Million |
| 2011 | 10.45% | 12.90% | 0.72x | 1.13x | HK$12.57 Million |
| 2012 | 13.57% | 18.19% | 0.64x | 1.17x | HK$105.46 Million |
| 2013 | 8.71% | 9.97% | 0.75x | 1.17x | HK$-37.23 Million |
| 2014 | 8.74% | 8.67% | 0.82x | 1.23x | HK$-38.33 Million |
| 2015 | 1.06% | 1.86% | 0.48x | 1.20x | HK$-448.95 Million |
| 2016 | 21.49% | 31.85% | 0.55x | 1.22x | HK$573.30 Million |
| 2017 | 15.49% | 19.48% | 0.67x | 1.19x | HK$262.40 Million |
| 2018 | 8.74% | 9.93% | 0.68x | 1.29x | HK$-54.31 Million |
| 2019 | 6.17% | 9.02% | 0.54x | 1.27x | HK$-186.89 Million |
| 2020 | 5.06% | 8.46% | 0.44x | 1.36x | HK$-309.48 Million |
| 2021 | 5.17% | 6.28% | 0.49x | 1.67x | HK$-280.44 Million |
| 2022 | 4.45% | 2.63% | 0.57x | 2.96x | HK$-286.99 Million |
| 2023 | 4.62% | 3.21% | 0.53x | 2.69x | HK$-338.19 Million |
| 2024 | 6.79% | 4.93% | 0.53x | 2.61x | HK$-211.25 Million |
Industry Comparison
This section compares Foshan Electrical and Lighting 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: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Foshan Electrical and Lighting Co Ltd (200541) | HK$10.35 Billion | 20.43% | 0.66x | $78.31 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Foshan Electrical and Lighting Co Ltd
Foshan Electrical and Lighting Co.,Ltd, together with its subsidiaries, engages in the research and development, production, and sale of general lighting and electrical products, automotive lighting, LED packaging products, and others in the People's Republic of China and internationally. The company offers general lighting and electrical products, including LED light sources, LED luminaries, and… Read more