Shenzhen Liantronics (300269) - Net Assets
Based on the latest financial reports, Shenzhen Liantronics (300269) has net assets worth CN¥84.36 Million CNY (≈ $12.35 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥728.02 Million ≈ $106.53 Million USD) and total liabilities (CN¥643.66 Million ≈ $94.19 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 300269 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥84.36 Million |
| % of Total Assets | 11.59% |
| Annual Growth Rate | -1.26% |
| 5-Year Change | -17.02% |
| 10-Year Change | -96.59% |
| Growth Volatility | 79.85 |
Shenzhen Liantronics - Net Assets Trend (2008–2024)
This chart illustrates how Shenzhen Liantronics's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Shenzhen Liantronics to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shenzhen Liantronics (2008–2024)
The table below shows the annual net assets of Shenzhen Liantronics from 2008 to 2024. For live valuation and market cap data, see Shenzhen Liantronics market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥89.94 Million ≈ $13.16 Million |
+42.75% |
| 2023-12-31 | CN¥63.01 Million ≈ $9.22 Million |
+5.77% |
| 2022-12-31 | CN¥59.57 Million ≈ $8.72 Million |
-63.47% |
| 2021-12-31 | CN¥163.07 Million ≈ $23.86 Million |
+50.44% |
| 2020-12-31 | CN¥108.39 Million ≈ $15.86 Million |
-80.71% |
| 2019-12-31 | CN¥561.80 Million ≈ $82.21 Million |
-71.93% |
| 2018-12-31 | CN¥2.00 Billion ≈ $292.84 Million |
-59.10% |
| 2017-12-31 | CN¥4.89 Billion ≈ $715.94 Million |
-8.66% |
| 2016-12-31 | CN¥5.36 Billion ≈ $783.84 Million |
+103.05% |
| 2015-12-31 | CN¥2.64 Billion ≈ $386.03 Million |
+68.43% |
| 2014-12-31 | CN¥1.57 Billion ≈ $229.19 Million |
+175.04% |
| 2013-12-31 | CN¥569.45 Million ≈ $83.33 Million |
-0.90% |
| 2012-12-31 | CN¥574.65 Million ≈ $84.09 Million |
+1.65% |
| 2011-12-31 | CN¥565.30 Million ≈ $82.72 Million |
+204.84% |
| 2010-12-31 | CN¥185.44 Million ≈ $27.14 Million |
+25.48% |
| 2009-12-31 | CN¥147.79 Million ≈ $21.63 Million |
+34.06% |
| 2008-12-31 | CN¥110.24 Million ≈ $16.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Liantronics'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 decreased by 8833.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.25 Billion | 4725.23% |
| Total Equity | CN¥89.94 Million | 100.00% |
Shenzhen Liantronics Competitors by Market Cap
The table below lists competitors of Shenzhen Liantronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shape Australia Corporation Ltd
AU:SHA
|
$392.37 Million |
|
Guangdong PAK Corporation Co Ltd
SHE:300625
|
$392.40 Million |
|
Taiwan Navigation Co Ltd
TW:2617
|
$392.44 Million |
|
Duni AB
ST:DUNI
|
$392.49 Million |
|
FocalTech Systems Co Ltd
TW:3545
|
$392.06 Million |
|
Shenzhen Magic Design & Decoration Engineering Co Ltd
SHE:002856
|
$392.05 Million |
|
Eche Izquierdo
SN:EISA
|
$392.02 Million |
|
PetroVietnam Transportation Corp
VN:PVT
|
$391.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Liantronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,005,260 to 89,938,063, a change of 26,932,803 (42.7%).
- Net income of 6,340,256 contributed positively to equity growth.
- Dividend payments of 13,135,633 reduced retained earnings.
- Other factors increased equity by 33,728,180.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.34 Million | +7.05% |
| Dividends Paid | CN¥13.14 Million | -14.61% |
| Other Changes | CN¥33.73 Million | +37.5% |
| Total Change | CN¥- | 42.75% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Liantronics'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: 29.79x
- 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 increased from 0.61x to 29.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥7.98 | CN¥4.88 | x |
| 2018-12-31 | CN¥3.34 | CN¥4.88 | x |
| 2019-12-31 | CN¥0.94 | CN¥4.88 | x |
| 2020-12-31 | CN¥0.19 | CN¥4.88 | x |
| 2021-12-31 | CN¥0.29 | CN¥4.88 | x |
| 2022-12-31 | CN¥0.10 | CN¥4.88 | x |
| 2023-12-31 | CN¥0.11 | CN¥4.88 | x |
| 2024-12-31 | CN¥0.16 | CN¥4.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Liantronics 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): 7.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.95%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 8.86x
- Recent ROE (7.05%) is above the historical average (-36.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 27.02% | 16.18% | 0.98x | 1.70x | CN¥18.76 Million |
| 2009 | 25.21% | 14.19% | 0.91x | 1.94x | CN¥21.80 Million |
| 2010 | 22.47% | 11.73% | 0.91x | 2.11x | CN¥22.78 Million |
| 2011 | 9.24% | 10.17% | 0.61x | 1.50x | CN¥-4.26 Million |
| 2012 | 4.71% | 5.03% | 0.58x | 1.61x | CN¥-30.20 Million |
| 2013 | 2.85% | 2.78% | 0.64x | 1.61x | CN¥-40.72 Million |
| 2014 | 8.55% | 13.81% | 0.47x | 1.31x | CN¥-22.71 Million |
| 2015 | 8.48% | 14.69% | 0.47x | 1.24x | CN¥-40.17 Million |
| 2016 | 7.52% | 14.37% | 0.38x | 1.39x | CN¥-132.89 Million |
| 2017 | 2.13% | 2.64% | 0.47x | 1.70x | CN¥-385.29 Million |
| 2018 | -144.16% | -71.25% | 0.87x | 2.32x | CN¥-3.09 Billion |
| 2019 | -247.46% | -45.83% | 1.08x | 5.02x | CN¥-1.44 Billion |
| 2020 | -301.54% | -27.83% | 0.67x | 16.24x | CN¥-326.39 Million |
| 2021 | 38.48% | 5.93% | 0.66x | 9.76x | CN¥45.27 Million |
| 2022 | -101.05% | -4.64% | 1.02x | 21.39x | CN¥-63.61 Million |
| 2023 | 13.42% | 0.86% | 0.93x | 16.68x | CN¥2.16 Million |
| 2024 | 7.05% | 0.95% | 0.84x | 8.86x | CN¥-2.65 Million |
Industry Comparison
This section compares Shenzhen Liantronics's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $5,052,698,359
- Average return on equity (ROE) among peers: 7.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Liantronics (300269) | CN¥84.36 Million | 27.02% | 7.63x | $392.12 Million |
| Konka Group Co Ltd (000016) | $577.10 Million | 36.21% | 0.95x | $626.13 Million |
| Tianma Microelectronics Co Ltd (000050) | $33.57 Billion | 4.39% | 1.19x | $3.19 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.09 Billion | 4.74% | 1.17x | $1.88 Billion |
| Soyea Technology Co Ltd (000909) | $887.22 Million | 3.18% | 3.95x | $249.16 Million |
| Guoguang Electric Co Ltd (002045) | $1.50 Billion | 8.73% | 1.78x | $708.68 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $428.68 Million | 20.48% | 1.67x | $6.46 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $820.81 Million | 1.38% | 0.56x | $243.68 Million |
| Goertek Inc (002241) | $8.52 Billion | 19.45% | 1.08x | $12.43 Billion |
| Edifier Technology Co Ltd (002351) | $2.63 Billion | 15.97% | 0.25x | $1.30 Billion |
| Guangzhou Echom Sci&Tech Co Ltd (002420) | $504.72 Million | -42.08% | 3.53x | $327.40 Million |
About Shenzhen Liantronics
Shenzhen Liantronics Co.,Ltd provides display solutions in China. The company offers data visualization, indoor commercial, DOOH, rental, sports, and all-in-one products. It also provides broadcasting studio, LED virtual studio, control room, data center, conference room, digital media, and glasses-free 3D solutions. The company was founded in 1998 and is based in Shenzhen, China.