Focused Photonics Hangzhou Inc (300203) - Net Assets
Based on the latest financial reports, Focused Photonics Hangzhou Inc (300203) has net assets worth CN¥2.80 Billion CNY (≈ $410.32 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.67 Billion ≈ $1.27 Billion USD) and total liabilities (CN¥5.87 Billion ≈ $858.85 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 how strategically is Focused Photonics Hangzhou Inc's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.80 Billion |
| % of Total Assets | 32.33% |
| Annual Growth Rate | 21.27% |
| 5-Year Change | -25.99% |
| 10-Year Change | -4.77% |
| Growth Volatility | 53.24 |
Focused Photonics Hangzhou Inc - Net Assets Trend (2007–2025)
This chart illustrates how Focused Photonics Hangzhou Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Focused Photonics Hangzhou Inc.
Annual Net Assets for Focused Photonics Hangzhou Inc (2007–2025)
The table below shows the annual net assets of Focused Photonics Hangzhou Inc from 2007 to 2025. Also explore 300203 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.89 Billion ≈ $423.14 Million |
-14.85% |
| 2024-12-31 | CN¥3.40 Billion ≈ $496.96 Million |
+7.44% |
| 2023-12-31 | CN¥3.16 Billion ≈ $462.54 Million |
-10.93% |
| 2022-12-31 | CN¥3.55 Billion ≈ $519.28 Million |
-9.17% |
| 2021-12-31 | CN¥3.91 Billion ≈ $571.72 Million |
-6.72% |
| 2020-12-31 | CN¥4.19 Billion ≈ $612.92 Million |
+6.54% |
| 2019-12-31 | CN¥3.93 Billion ≈ $575.29 Million |
+0.55% |
| 2018-12-31 | CN¥3.91 Billion ≈ $572.16 Million |
+12.59% |
| 2017-12-31 | CN¥3.47 Billion ≈ $508.17 Million |
+14.36% |
| 2016-12-31 | CN¥3.04 Billion ≈ $444.36 Million |
+24.06% |
| 2015-12-31 | CN¥2.45 Billion ≈ $358.17 Million |
+16.08% |
| 2014-12-31 | CN¥2.11 Billion ≈ $308.57 Million |
+10.00% |
| 2013-12-31 | CN¥1.92 Billion ≈ $280.51 Million |
+7.07% |
| 2012-12-31 | CN¥1.79 Billion ≈ $261.99 Million |
+10.42% |
| 2011-12-31 | CN¥1.62 Billion ≈ $237.26 Million |
+166.73% |
| 2010-12-31 | CN¥607.89 Million ≈ $88.95 Million |
+35.91% |
| 2009-12-31 | CN¥447.26 Million ≈ $65.45 Million |
+165.89% |
| 2008-12-31 | CN¥168.21 Million ≈ $24.61 Million |
+87.10% |
| 2007-12-31 | CN¥89.90 Million ≈ $13.16 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Focused Photonics Hangzhou Inc'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 124241040759.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.23 Billion | 46.12% |
| Other Components | CN¥1.44 Billion | 53.88% |
| Total Equity | CN¥2.67 Billion | 100.00% |
Focused Photonics Hangzhou Inc Competitors by Market Cap
The table below lists competitors of Focused Photonics Hangzhou Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo Donly Co Ltd
SHE:002164
|
$805.99 Million |
|
Guangdong Hotata Technology Group Co Ltd Class A
SHG:603848
|
$806.13 Million |
|
Logwin AG
F:TGHN
|
$806.18 Million |
|
Johns LYNG Group Ltd
AU:JLG
|
$806.21 Million |
|
Tianma Bearing Group Co Ltd
SHE:002122
|
$805.43 Million |
|
Mrs. Bectors Food Specialities Limited
NSE:BECTORFOOD
|
$805.10 Million |
|
INKON Life Technology Co Ltd
SHE:300143
|
$804.97 Million |
|
Pierre et Vacances SA
PA:VAC
|
$804.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Focused Photonics Hangzhou Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,115,742,169 to 2,665,947,239, a change of -449,794,930 (-14.4%).
- Net loss of 232,637,946 reduced equity.
- Dividend payments of 235,210,164 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-232.64 Million | -8.73% |
| Dividends Paid | CN¥235.21 Million | -8.82% |
| Other Changes | CN¥18.05 Million | +0.68% |
| Total Change | CN¥- | -14.44% |
Book Value vs Market Value Analysis
This analysis compares Focused Photonics Hangzhou Inc'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: 2.07x
- 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 13.67x to 2.07x 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¥0.90 | CN¥12.27 | x |
| 2008-12-31 | CN¥1.77 | CN¥12.27 | x |
| 2009-12-31 | CN¥1.12 | CN¥12.27 | x |
| 2010-12-31 | CN¥1.50 | CN¥12.27 | x |
| 2011-12-31 | CN¥3.80 | CN¥12.27 | x |
| 2012-12-31 | CN¥4.01 | CN¥12.27 | x |
| 2013-12-31 | CN¥4.30 | CN¥12.27 | x |
| 2014-12-31 | CN¥4.64 | CN¥12.27 | x |
| 2015-12-31 | CN¥5.23 | CN¥12.27 | x |
| 2016-12-31 | CN¥6.06 | CN¥12.27 | x |
| 2017-12-31 | CN¥6.99 | CN¥12.27 | x |
| 2018-12-31 | CN¥7.74 | CN¥12.27 | x |
| 2019-12-31 | CN¥7.52 | CN¥12.27 | x |
| 2020-12-31 | CN¥8.47 | CN¥12.27 | x |
| 2021-12-31 | CN¥7.86 | CN¥12.27 | x |
| 2022-12-31 | CN¥7.24 | CN¥12.27 | x |
| 2023-12-31 | CN¥6.49 | CN¥12.27 | x |
| 2024-12-31 | CN¥6.93 | CN¥12.27 | x |
| 2025-12-31 | CN¥5.94 | CN¥12.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Focused Photonics Hangzhou Inc 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): -8.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.76%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.18x
- Recent ROE (-8.73%) is below the historical average (10.10%), 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 | 10.03% | 6.57% | 0.48x | 3.18x | CN¥24.32K |
| 2008 | 46.96% | 22.50% | 0.72x | 2.90x | CN¥62.65 Million |
| 2009 | 30.31% | 25.09% | 0.62x | 1.94x | CN¥88.74 Million |
| 2010 | 26.67% | 24.84% | 0.64x | 1.67x | CN¥101.19 Million |
| 2011 | 10.78% | 22.84% | 0.36x | 1.33x | CN¥12.70 Million |
| 2012 | 9.97% | 21.22% | 0.37x | 1.28x | CN¥-463.64K |
| 2013 | 8.37% | 16.91% | 0.39x | 1.27x | CN¥-31.07 Million |
| 2014 | 9.27% | 15.65% | 0.42x | 1.40x | CN¥-15.20 Million |
| 2015 | 10.51% | 13.48% | 0.45x | 1.75x | CN¥12.02 Million |
| 2016 | 14.68% | 17.13% | 0.43x | 1.98x | CN¥128.33 Million |
| 2017 | 14.30% | 16.04% | 0.44x | 2.03x | CN¥135.01 Million |
| 2018 | 17.18% | 15.72% | 0.48x | 2.25x | CN¥251.29 Million |
| 2019 | 1.20% | 1.02% | 0.46x | 2.56x | CN¥-292.93 Million |
| 2020 | 12.99% | 11.93% | 0.44x | 2.49x | CN¥112.65 Million |
| 2021 | -6.61% | -6.20% | 0.36x | 2.93x | CN¥-583.97 Million |
| 2022 | -11.61% | -10.86% | 0.34x | 3.19x | CN¥-697.69 Million |
| 2023 | -11.09% | -10.14% | 0.33x | 3.34x | CN¥-613.54 Million |
| 2024 | 6.64% | 5.72% | 0.38x | 3.02x | CN¥-104.71 Million |
| 2025 | -8.73% | -7.76% | 0.35x | 3.18x | CN¥-499.23 Million |
Industry Comparison
This section compares Focused Photonics Hangzhou Inc's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,748,786,106
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Focused Photonics Hangzhou Inc (300203) | CN¥2.80 Billion | 10.03% | 2.09x | $805.70 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $1.33 Billion | 2.30% | 0.42x | $2.26 Billion |
| Oriental Times Media Corp (002175) | $265.90 Million | 3.28% | 0.57x | $470.82 Million |
| Changchun UP Optotech Co Ltd (002338) | $151.12 Million | 23.31% | 0.57x | $1.40 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $2.20 Billion | 1.69% | 0.51x | $910.97 Million |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $3.78 Billion | 6.41% | 1.21x | $843.95 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $3.29 Billion | -2.64% | 0.57x | $1.60 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $2.43 Billion | 4.25% | 0.03x | $7.65 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.13 Billion | 6.69% | 0.30x | $722.17 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.67 Billion | 7.60% | 0.18x | $691.23 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $-760.72 Million | 0.00% | 0.00x | $518.39 Million |
About Focused Photonics Hangzhou Inc
Focused Photonics (Hangzhou), Inc. provides analytical instrument technology services in China and internationally. The company offers solutions, including analytical instruments, reagents and consumables, information technology software, operation and maintenance services, testing services, and consulting services. It also provides smart industry, laboratory, and environment services. The compan… Read more