Xiamen Changelight (300102) - Net Assets

Latest as of September 2025: CN¥4.24 Billion CNY ≈ $619.87 Million USD

Based on the latest financial reports, Xiamen Changelight (300102) has net assets worth CN¥4.24 Billion CNY (≈ $619.87 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¥6.45 Billion ≈ $943.64 Million USD) and total liabilities (CN¥2.21 Billion ≈ $323.77 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 300102 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Xiamen Changelight asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Xiamen Changelight (2007–2024)

The table below shows the annual net assets of Xiamen Changelight from 2007 to 2024. For live valuation and market cap data, see market value of Xiamen Changelight.

Year	Net Assets	Change
2024-12-31	CN¥4.12 Billion ≈ $602.34 Million	-1.19%
2023-12-31	CN¥4.17 Billion ≈ $609.59 Million	+1.96%
2022-12-31	CN¥4.09 Billion ≈ $597.86 Million	+57.84%
2021-12-31	CN¥2.59 Billion ≈ $378.79 Million	+10.00%
2020-12-31	CN¥2.35 Billion ≈ $344.37 Million	-9.54%
2019-12-31	CN¥2.60 Billion ≈ $380.69 Million	-9.91%
2018-12-31	CN¥2.89 Billion ≈ $422.57 Million	+6.49%
2017-12-31	CN¥2.71 Billion ≈ $396.83 Million	+8.46%
2016-12-31	CN¥2.50 Billion ≈ $365.88 Million	+1.97%
2015-12-31	CN¥2.45 Billion ≈ $358.80 Million	+37.38%
2014-12-31	CN¥1.78 Billion ≈ $261.17 Million	-0.16%
2013-12-31	CN¥1.79 Billion ≈ $261.58 Million	+2.67%
2012-12-31	CN¥1.74 Billion ≈ $254.78 Million	-0.55%
2011-12-31	CN¥1.75 Billion ≈ $256.18 Million	+7.28%
2010-12-31	CN¥1.63 Billion ≈ $238.79 Million	+625.58%
2009-12-31	CN¥224.91 Million ≈ $32.91 Million	+27.15%
2008-12-31	CN¥176.89 Million ≈ $25.88 Million	+376.71%
2007-12-31	CN¥37.11 Million ≈ $5.43 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
ENTAIN PLC UNSP.ADR/1 F:6GI0	$4.42 Billion
Shenzhen Goodix Technology Co Ltd Class A SHG:603160	$4.42 Billion
Krones AG XETRA:KRN	$4.42 Billion
Grifols S.A. MC:GRF	$4.42 Billion
Alaska Air Group Inc NYSE:ALK	$4.42 Billion
Liaoning Port Co Ltd SHG:601880	$4.42 Billion
JK Cement Limited NSE:JKCEMENT	$4.42 Billion
Georg Fischer AG SW:GF	$4.42 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: 7.66x
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 391.05x to 7.66x 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¥32.82	x
2008-12-31	CN¥0.40	CN¥32.82	x
2009-12-31	CN¥0.51	CN¥32.82	x
2010-12-31	CN¥2.98	CN¥32.82	x
2011-12-31	CN¥2.95	CN¥32.82	x
2012-12-31	CN¥2.97	CN¥32.82	x
2013-12-31	CN¥3.05	CN¥32.82	x
2014-12-31	CN¥2.87	CN¥32.82	x
2015-12-31	CN¥4.08	CN¥32.82	x
2016-12-31	CN¥3.62	CN¥32.82	x
2017-12-31	CN¥3.86	CN¥32.82	x
2018-12-31	CN¥4.01	CN¥32.82	x
2019-12-31	CN¥3.67	CN¥32.82	x
2020-12-31	CN¥3.32	CN¥32.82	x
2021-12-31	CN¥3.66	CN¥32.82	x
2022-12-31	CN¥4.87	CN¥32.82	x
2023-12-31	CN¥3.95	CN¥32.82	x
2024-12-31	CN¥4.28	CN¥32.82	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: $2,095,615,821
Average return on equity (ROE) among peers: 6.02%

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	$4.42 Billion
UniTTEC Co Ltd (000925)	$1.22 Billion	2.79%	2.52x	$909.57 Million
Unigroup Guoxin Microelectronics Co Ltd (002049)	$12.39 Billion	9.51%	0.40x	$9.61 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057)	$245.66 Million	4.18%	0.78x	$1.06 Billion
Suzhou Good-Ark Electronics Co Ltd (002079)	$501.66 Million	7.47%	0.41x	$1.39 Billion
Ningbo Kangqiang Electronics Co Ltd (002119)	$629.45 Million	7.50%	0.73x	$1.15 Billion
Tianjin Printronics Circuit Corp (002134)	$710.96 Million	2.48%	0.13x	$913.46 Million
Tatwah Smartech Co Ltd (002512)	$1.65 Billion	6.18%	0.38x	$701.64 Million
Chutian Dragon Co Ltd (003040)	$1.37 Billion	4.56%	0.48x	$998.01 Million
Jiangsu Huasheng Tianlong Photo (300029)	$1.14 Billion	5.99%	0.16x	$81.27 Million
Nations Technologies Inc (300077)	$1.09 Billion	9.56%	0.85x	$1.97 Billion

About Xiamen Changelight

SHE:300102 China Semiconductors

Market Cap

$4.42 Billion

CN¥30.21 Billion CNY

Market Cap Rank

#3900 Global

#639 in China

Share Price

CN¥32.82

Change (1 day)

+2.21%

52-Week Range

CN¥10.76 - CN¥43.40

All Time High

CN¥43.40