Xiamen Meiya Pico Information (300188) - Net Assets

Latest as of September 2025: CN¥3.26 Billion CNY ≈ $476.75 Million USD

Based on the latest financial reports, Xiamen Meiya Pico Information (300188) has net assets worth CN¥3.26 Billion CNY (≈ $476.75 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¥5.05 Billion ≈ $738.77 Million USD) and total liabilities (CN¥1.79 Billion ≈ $262.02 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 300188 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.26 Billion
% of Total Assets	64.53%
Annual Growth Rate	31.39%
5-Year Change	7.7%
10-Year Change	113.19%
Growth Volatility	116.5

Xiamen Meiya Pico Information - Net Assets Trend (2007–2024)

This chart illustrates how Xiamen Meiya Pico Information's net assets have evolved over time, based on quarterly financial data. Also explore 300188 total assets for the complete picture of this company's asset base.

Annual Net Assets for Xiamen Meiya Pico Information (2007–2024)

The table below shows the annual net assets of Xiamen Meiya Pico Information from 2007 to 2024. For live valuation and market cap data, see 300188 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥3.61 Billion ≈ $527.63 Million	-11.29%
2023-12-31	CN¥4.06 Billion ≈ $594.78 Million	-5.65%
2022-12-31	CN¥4.31 Billion ≈ $630.39 Million	+20.87%
2021-12-31	CN¥3.56 Billion ≈ $521.54 Million	+6.45%
2020-12-31	CN¥3.35 Billion ≈ $489.93 Million	+12.18%
2019-12-31	CN¥2.98 Billion ≈ $436.72 Million	+15.99%
2018-12-31	CN¥2.57 Billion ≈ $376.53 Million	+9.48%
2017-12-31	CN¥2.35 Billion ≈ $343.94 Million	+24.19%
2016-12-31	CN¥1.89 Billion ≈ $276.95 Million	+11.90%
2015-12-31	CN¥1.69 Billion ≈ $247.49 Million	+73.17%
2014-12-31	CN¥976.71 Million ≈ $142.92 Million	+14.78%
2013-12-31	CN¥850.91 Million ≈ $124.52 Million	+8.91%
2012-12-31	CN¥781.27 Million ≈ $114.32 Million	+15.97%
2011-12-31	CN¥673.69 Million ≈ $98.58 Million	+508.14%
2010-12-31	CN¥110.78 Million ≈ $16.21 Million	+46.28%
2009-12-31	CN¥75.73 Million ≈ $11.08 Million	+37.10%
2008-12-31	CN¥55.24 Million ≈ $8.08 Million	+58.84%
2007-12-31	CN¥34.78 Million ≈ $5.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Xiamen Meiya Pico Information'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 5711.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.07 Billion	30.55%
Common Stock	CN¥859.48 Million	24.50%
Other Components	CN¥1.58 Billion	44.95%
Total Equity	CN¥3.51 Billion	100.00%

Xiamen Meiya Pico Information Competitors by Market Cap

The table below lists competitors of Xiamen Meiya Pico Information ranked by their market capitalization.

Company	Market Cap
Oculis Holding AG Ordinary shares NASDAQ:OCS	$1.64 Billion
Atlas Energy Solutions Inc. NYSE:AESI	$1.64 Billion
IGNITIS GRUPE AB EO 2233 F:IGV0	$1.64 Billion
Hangzhou XZB Tech Co Ltd SHG:603040	$1.64 Billion
Dis-Chem Pharmacies JSE:DCP	$1.64 Billion
Ola Electric Mobility Ltd NSE:OLAELEC	$1.64 Billion
Nuvation Bio Inc NYSE:NUVB	$1.64 Billion
Zhejiang CONBA Pharmaceutical Co Ltd SHG:600572	$1.64 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,959,430,996 to 3,507,982,871, a change of -451,448,125 (-11.4%).
Net loss of 415,012,803 reduced equity.
Dividend payments of 3,205,765 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-415.01 Million	-11.83%
Dividends Paid	CN¥3.21 Million	-0.09%
Other Changes	CN¥-33.23 Million	-0.95%
Total Change	CN¥-	-11.40%

Book Value vs Market Value Analysis

This analysis compares Xiamen Meiya Pico Information'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: 3.21x
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 191.68x to 3.21x 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¥0.07	CN¥13.03	x
2008-12-31	CN¥0.11	CN¥13.03	x
2009-12-31	CN¥0.15	CN¥13.03	x
2010-12-31	CN¥0.22	CN¥13.03	x
2011-12-31	CN¥1.04	CN¥13.03	x
2012-12-31	CN¥1.12	CN¥13.03	x
2013-12-31	CN¥1.15	CN¥13.03	x
2014-12-31	CN¥1.34	CN¥13.03	x
2015-12-31	CN¥2.43	CN¥13.03	x
2016-12-31	CN¥2.43	CN¥13.03	x
2017-12-31	CN¥3.00	CN¥13.03	x
2018-12-31	CN¥3.20	CN¥13.03	x
2019-12-31	CN¥3.73	CN¥13.03	x
2020-12-31	CN¥4.14	CN¥13.03	x
2021-12-31	CN¥4.37	CN¥13.03	x
2022-12-31	CN¥4.89	CN¥13.03	x
2023-12-31	CN¥4.62	CN¥13.03	x
2024-12-31	CN¥4.06	CN¥13.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xiamen Meiya Pico Information 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): -11.83%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -23.46%
• Asset Turnover: 0.34x
• Equity Multiplier: 1.50x
Recent ROE (-11.83%) is below the historical average (13.67%), 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	37.93%	19.52%	1.04x	1.87x	CN¥9.69 Million
2008	37.30%	22.64%	0.94x	1.75x	CN¥15.11 Million
2009	37.83%	23.62%	0.87x	1.83x	CN¥21.08 Million
2010	37.05%	21.83%	0.87x	1.96x	CN¥29.97 Million
2011	9.13%	23.23%	0.32x	1.22x	CN¥-5.86 Million
2012	10.07%	22.41%	0.38x	1.19x	CN¥538.20K
2013	6.80%	14.42%	0.37x	1.26x	CN¥-26.50 Million
2014	12.14%	19.00%	0.46x	1.39x	CN¥20.24 Million
2015	7.96%	17.45%	0.35x	1.32x	CN¥-34.12 Million
2016	9.78%	18.30%	0.38x	1.41x	CN¥-4.01 Million
2017	11.68%	20.33%	0.43x	1.34x	CN¥39.05 Million
2018	11.89%	18.94%	0.46x	1.35x	CN¥48.15 Million
2019	9.78%	14.01%	0.49x	1.42x	CN¥-6.40 Million
2020	11.35%	15.70%	0.51x	1.41x	CN¥44.50 Million
2021	8.93%	12.26%	0.52x	1.41x	CN¥-37.20 Million
2022	3.52%	6.49%	0.39x	1.40x	CN¥-272.72 Million
2023	-5.19%	-10.37%	0.35x	1.43x	CN¥-601.57 Million
2024	-11.83%	-23.46%	0.34x	1.50x	CN¥-765.81 Million

Industry Comparison

This section compares Xiamen Meiya Pico Information's net assets metrics with peer companies in the Security & Protection Services industry.

Industry Context

Industry: Security & Protection Services
Average net assets among peers: $1,180,854,736
Average return on equity (ROE) among peers: 18.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xiamen Meiya Pico Information (300188)	CN¥3.26 Billion	37.93%	0.55x	$1.64 Billion
Zhejiang Dahua Technology Co Ltd (002236)	$2.15 Billion	32.60%	0.58x	$8.74 Billion
Shenzhen Infinova Ltd (002528)	$2.24 Billion	1.91%	0.03x	$810.37 Million
Shenzhen TVT Digital Technology Co Ltd (002835)	$137.26 Million	41.16%	0.65x	$505.87 Million
Jade Bird Fire Alarm (002960)	$1.48 Billion	23.19%	0.47x	$1.59 Billion
Beijing Telesound Electronics Co Ltd (003004)	$710.73 Million	5.63%	0.22x	$459.16 Million
Hangzhou Century Co Ltd (300078)	$2.06 Billion	9.13%	0.43x	$665.77 Million
Guangdong Anjubao Digital Tech (300155)	$1.02 Billion	7.42%	0.21x	$426.23 Million
Joyware Electronics Co Ltd (300270)	$50.09 Million	36.16%	0.29x	$674.40 Million
Chongqing Mas Sci&Tech (300275)	$776.74 Million	4.81%	0.56x	$508.85 Million

About Xiamen Meiya Pico Information

SHE:300188 China Security & Protection Services

Market Cap

$1.64 Billion

CN¥11.20 Billion CNY

Market Cap Rank

#7083 Global

#1687 in China

Share Price

CN¥13.03

Change (1 day)

+1.09%

52-Week Range

CN¥12.04 - CN¥19.65

All Time High

CN¥30.52