Xiamen Changelight

SHE:300102 China Semiconductors
Market Cap
$4.09 Billion
CN¥29.99 Billion CNY
Market Cap Rank
#4415 Global
#458 in China
Share Price
CN¥32.59
Change (1 day)
+0.15%
52-Week Range
CN¥9.19 - CN¥43.40
All Time High
CN¥43.40
Categories
Companies in China Semiconductors Technology AI & Machine Learning
About

Xiamen Changelight Co., Ltd., together with its subsidiaries, researches, develops, produces, and sells compound semiconductor optoelectronic products in China and internationally. The company offers LED epitaxial wafers and chips, gallium arsenide solar cells, LEDs/micro-LEDs, and VCSEL products for use in digital, matrix, display, traffic and black lights, lamps, indicators, and other fields. X… Read more

Xiamen Changelight (300102) - Net Assets

Latest net assets as of September 2025: CN¥4.24 Billion CNY

Based on the latest financial reports, Xiamen Changelight (300102) has net assets worth CN¥4.24 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¥6.45 Billion) and total liabilities (CN¥2.21 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¥4.24 Billion
% of Total Assets 65.69%
Annual Growth Rate 31.91%
5-Year Change 74.91%
10-Year Change 67.88%
Growth Volatility 164.94

Xiamen Changelight - Net Assets Trend (2007–2024)

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

Annual Net Assets for Xiamen Changelight (2007–2024)

The table below shows the annual net assets of Xiamen Changelight from 2007 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.12 Billion -1.19%
2023-12-31 CN¥4.17 Billion +1.96%
2022-12-31 CN¥4.09 Billion +57.84%
2021-12-31 CN¥2.59 Billion +10.00%
2020-12-31 CN¥2.35 Billion -9.54%
2019-12-31 CN¥2.60 Billion -9.91%
2018-12-31 CN¥2.89 Billion +6.49%
2017-12-31 CN¥2.71 Billion +8.46%
2016-12-31 CN¥2.50 Billion +1.97%
2015-12-31 CN¥2.45 Billion +37.38%
2014-12-31 CN¥1.78 Billion -0.16%
2013-12-31 CN¥1.79 Billion +2.67%
2012-12-31 CN¥1.74 Billion -0.55%
2011-12-31 CN¥1.75 Billion +7.28%
2010-12-31 CN¥1.63 Billion +625.58%
2009-12-31 CN¥224.91 Million +27.15%
2008-12-31 CN¥176.89 Million +376.71%
2007-12-31 CN¥37.11 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xiamen Changelight'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 1312.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥281.08 Million 6.83%
Common Stock CN¥920.33 Million 22.36%
Other Comprehensive Income CN¥156.85 Million 3.81%
Other Components CN¥2.76 Billion 67.00%
Total Equity CN¥4.12 Billion 100.00%

Xiamen Changelight Competitors by Market Cap

The table below lists competitors of Xiamen Changelight ranked by their market capitalization.

Company Market Cap
Jinan Shengquan Group Share Holding Co Ltd
SHG:605589
 		$2.47 Billion
Mineral Resources Limited
PINK:MALRF
 		$2.47 Billion
RED ROCK RESORTS A DL-01
F:RRK
 		$2.47 Billion
Shanghai Pharmaceuticals Holding Co. Ltd
PINK:SHPMF
 		$2.47 Billion
Engie Brasil Energia SA
PINK:EGIEY
 		$2.47 Billion
Solaris Energy Infrastructure, Inc.
NYSE:SEI
 		$2.46 Billion
Dana Inc
NYSE:DAN
 		$2.46 Billion
First Capital Real Estate Investment Trust
PINK:FCXXF
 		$2.46 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,165,431,583 to 4,115,870,078, a change of -49,561,505 (-1.2%).
  • Net income of 96,084,470 contributed positively to equity growth.
  • Dividend payments of 40,787,939 reduced retained earnings.
  • Share repurchases of 202,883,347 reduced equity.
  • Other comprehensive income increased equity by 154,852,924.
  • Other factors decreased equity by 56,827,613.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥96.08 Million +2.33%
Dividends Paid CN¥40.79 Million -0.99%
Share Repurchases CN¥202.88 Million -4.93%
Other Comprehensive Income CN¥154.85 Million +3.76%
Other Changes CN¥-56.83 Million -1.38%
Total Change CN¥- -1.19%

Book Value vs Market Value Analysis

This analysis compares Xiamen Changelight'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: 7.61x
  • 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 388.31x to 7.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2007-12-31 CN¥0.08 CN¥32.59 x
2008-12-31 CN¥0.40 CN¥32.59 x
2009-12-31 CN¥0.51 CN¥32.59 x
2010-12-31 CN¥2.98 CN¥32.59 x
2011-12-31 CN¥2.95 CN¥32.59 x
2012-12-31 CN¥2.97 CN¥32.59 x
2013-12-31 CN¥3.05 CN¥32.59 x
2014-12-31 CN¥2.87 CN¥32.59 x
2015-12-31 CN¥4.08 CN¥32.59 x
2016-12-31 CN¥3.62 CN¥32.59 x
2017-12-31 CN¥3.86 CN¥32.59 x
2018-12-31 CN¥4.01 CN¥32.59 x
2019-12-31 CN¥3.67 CN¥32.59 x
2020-12-31 CN¥3.32 CN¥32.59 x
2021-12-31 CN¥3.66 CN¥32.59 x
2022-12-31 CN¥4.87 CN¥32.59 x
2023-12-31 CN¥3.95 CN¥32.59 x
2024-12-31 CN¥4.28 CN¥32.59 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xiamen Changelight 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): 2.33%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.95%
  • • Asset Turnover: 0.36x
  • • Equity Multiplier: 1.63x
  • Recent ROE (2.33%) is below the historical average (9.34%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2007 59.58% 31.33% 0.44x 4.32x CN¥18.40 Million
2008 37.28% 42.47% 0.53x 1.64x CN¥48.26 Million
2009 37.38% 43.68% 0.60x 1.43x CN¥61.58 Million
2010 8.40% 46.14% 0.17x 1.05x CN¥-26.07 Million
2011 10.16% 47.45% 0.20x 1.05x CN¥2.77 Million
2012 6.23% 28.82% 0.20x 1.07x CN¥-65.68 Million
2013 5.90% 22.00% 0.24x 1.11x CN¥-73.29 Million
2014 3.13% 13.11% 0.20x 1.19x CN¥-122.58 Million
2015 -3.68% -14.68% 0.18x 1.37x CN¥-335.41 Million
2016 1.94% 4.21% 0.35x 1.32x CN¥-201.65 Million
2017 7.76% 18.63% 0.21x 1.95x CN¥-60.62 Million
2018 6.23% 17.48% 0.16x 2.21x CN¥-108.77 Million
2019 -10.78% -26.94% 0.15x 2.66x CN¥-539.77 Million
2020 -10.50% -18.77% 0.21x 2.64x CN¥-481.97 Million
2021 7.22% 9.94% 0.31x 2.35x CN¥-71.84 Million
2022 -1.23% -2.97% 0.24x 1.72x CN¥-458.79 Million
2023 0.76% 1.32% 0.36x 1.59x CN¥-384.94 Million
2024 2.33% 3.95% 0.36x 1.63x CN¥-315.50 Million

Industry Comparison

This section compares Xiamen Changelight's net assets metrics with peer companies in the Semiconductors industry.

Industry Context

  • Industry: Semiconductors
  • Average net assets among peers: $938,054,114
  • Average return on equity (ROE) among peers: 2.61%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xiamen Changelight (300102) CN¥4.24 Billion 59.58% 0.52x $2.47 Billion
UniTTEC Co Ltd (000925) $408.24 Million 2.91% 0.44x $597.13 Million
Zhejiang Chengchang Technology Co. Ltd. (001270) $537.21 Million 8.47% 0.10x $1.22 Billion
Shenzhen Techwinsemi Technology Co. Ltd. (001309) $1.09 Billion 6.18% 0.81x $5.58 Billion
Unigroup Guoxin Microelectronics Co Ltd (002049) $2.03 Billion 6.95% 0.34x $6.22 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057) $91.68 Million 16.12% 1.14x $714.49 Million
Suzhou Good-Ark Electronics Co Ltd (002079) $445.12 Million 7.09% 0.19x $821.43 Million
Tianjin Printronics Circuit Corp (002134) $391.61 Million 3.24% 0.49x $580.83 Million
Tatwah Smartech Co Ltd (002512) $2.85 Billion 4.52% 0.77x $511.24 Million
Chutian Dragon Co Ltd (003040) $1.51 Billion 10.97% 0.46x $523.03 Million
Jiangsu Huasheng Tianlong Photo (300029) $21.30 Million -40.30% 16.97x $95.18 Million