Longmaster Information Tech (300288) - Net Assets
Based on the latest financial reports, Longmaster Information Tech (300288) has net assets worth CN¥1.10 Billion CNY (≈ $160.96 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¥1.33 Billion ≈ $194.57 Million USD) and total liabilities (CN¥229.70 Million ≈ $33.61 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. Explore Longmaster Information Tech operating cash flow efficiency to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.10 Billion |
| % of Total Assets | 82.72% |
| Annual Growth Rate | 25.13% |
| 5-Year Change | -24.45% |
| 10-Year Change | 11.13% |
| Growth Volatility | 63.36 |
Longmaster Information Tech - Net Assets Trend (2008–2024)
This chart illustrates how Longmaster Information Tech's net assets have evolved over time, based on quarterly financial data. Explore 300288 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Longmaster Information Tech (2008–2024)
The table below shows the annual net assets of Longmaster Information Tech from 2008 to 2024. For live valuation and market cap data, see 300288 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.10 Billion ≈ $160.38 Million |
-33.05% |
| 2023-12-31 | CN¥1.64 Billion ≈ $239.54 Million |
+4.88% |
| 2022-12-31 | CN¥1.56 Billion ≈ $228.40 Million |
+3.79% |
| 2021-12-31 | CN¥1.50 Billion ≈ $220.06 Million |
+3.67% |
| 2020-12-31 | CN¥1.45 Billion ≈ $212.27 Million |
+2.47% |
| 2019-12-31 | CN¥1.42 Billion ≈ $207.16 Million |
+3.06% |
| 2018-12-31 | CN¥1.37 Billion ≈ $201.00 Million |
+8.19% |
| 2017-12-31 | CN¥1.27 Billion ≈ $185.78 Million |
+6.37% |
| 2016-12-31 | CN¥1.19 Billion ≈ $174.65 Million |
+21.02% |
| 2015-12-31 | CN¥986.24 Million ≈ $144.32 Million |
+7.90% |
| 2014-12-31 | CN¥914.04 Million ≈ $133.75 Million |
+64.93% |
| 2013-12-31 | CN¥554.19 Million ≈ $81.09 Million |
+14.22% |
| 2012-12-31 | CN¥485.19 Million ≈ $71.00 Million |
+251.55% |
| 2011-12-31 | CN¥138.01 Million ≈ $20.20 Million |
+72.80% |
| 2010-12-31 | CN¥79.87 Million ≈ $11.69 Million |
+84.86% |
| 2009-12-31 | CN¥43.21 Million ≈ $6.32 Million |
+42.37% |
| 2008-12-31 | CN¥30.35 Million ≈ $4.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Longmaster Information Tech'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 1407.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥257.28 Million | 23.83% |
| Common Stock | CN¥337.94 Million | 31.30% |
| Other Components | CN¥484.63 Million | 44.88% |
| Total Equity | CN¥1.08 Billion | 100.00% |
Longmaster Information Tech Competitors by Market Cap
The table below lists competitors of Longmaster Information Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUNSEA Telecommunications Co Ltd
SHE:002313
|
$515.54 Million |
|
San Fu Chemical Co Ltd
TW:4755
|
$515.58 Million |
|
Veradigm Inc.
NASDAQ:MDRX
|
$515.71 Million |
|
SMO ClinPlus Co. Ltd.
SHE:301257
|
$515.85 Million |
|
Indigo Paints Limited
NSE:INDIGOPNTS
|
$515.21 Million |
|
Anglo American PLC
LSE:AAL
|
$514.96 Million |
|
Anhui Xinli Finance Co Ltd
SHG:600318
|
$514.69 Million |
|
Vinci Partners Investments Ltd
NASDAQ:VINP
|
$514.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Longmaster Information Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,611,374,748 to 1,079,851,580, a change of -531,523,168 (-33.0%).
- Net loss of 512,099,676 reduced equity.
- Dividend payments of 19,700,492 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-512.10 Million | -47.42% |
| Dividends Paid | CN¥19.70 Million | -1.82% |
| Other Changes | CN¥277.00K | +0.03% |
| Total Change | CN¥- | -32.99% |
Book Value vs Market Value Analysis
This analysis compares Longmaster Information Tech'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: 3.25x
- 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 82.15x to 3.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.13 | CN¥10.42 | x |
| 2009-12-31 | CN¥0.18 | CN¥10.42 | x |
| 2010-12-31 | CN¥0.33 | CN¥10.42 | x |
| 2011-12-31 | CN¥0.57 | CN¥10.42 | x |
| 2012-12-31 | CN¥1.58 | CN¥10.42 | x |
| 2013-12-31 | CN¥1.65 | CN¥10.42 | x |
| 2014-12-31 | CN¥2.78 | CN¥10.42 | x |
| 2015-12-31 | CN¥2.89 | CN¥10.42 | x |
| 2016-12-31 | CN¥3.32 | CN¥10.42 | x |
| 2017-12-31 | CN¥3.62 | CN¥10.42 | x |
| 2018-12-31 | CN¥3.91 | CN¥10.42 | x |
| 2019-12-31 | CN¥4.05 | CN¥10.42 | x |
| 2020-12-31 | CN¥4.18 | CN¥10.42 | x |
| 2021-12-31 | CN¥4.35 | CN¥10.42 | x |
| 2022-12-31 | CN¥4.54 | CN¥10.42 | x |
| 2023-12-31 | CN¥4.78 | CN¥10.42 | x |
| 2024-12-31 | CN¥3.21 | CN¥10.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Longmaster Information Tech 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): -47.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -135.09%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.23x
- Recent ROE (-47.42%) is below the historical average (11.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 30.22% | 29.31% | 0.92x | 1.13x | CN¥6.14 Million |
| 2009 | 29.76% | 29.61% | 0.85x | 1.18x | CN¥8.54 Million |
| 2010 | 45.90% | 49.99% | 0.74x | 1.23x | CN¥28.68 Million |
| 2011 | 42.13% | 51.83% | 0.76x | 1.07x | CN¥44.34 Million |
| 2012 | 18.09% | 58.34% | 0.31x | 1.01x | CN¥39.27 Million |
| 2013 | 10.71% | 37.14% | 0.27x | 1.08x | CN¥3.76 Million |
| 2014 | 3.95% | 28.64% | 0.10x | 1.34x | CN¥-53.23 Million |
| 2015 | 10.04% | 31.08% | 0.26x | 1.23x | CN¥369.42K |
| 2016 | 7.53% | 21.39% | 0.29x | 1.21x | CN¥-27.87 Million |
| 2017 | 8.01% | 23.59% | 0.27x | 1.26x | CN¥-24.06 Million |
| 2018 | 7.92% | 22.79% | 0.27x | 1.31x | CN¥-27.41 Million |
| 2019 | 4.82% | 15.13% | 0.23x | 1.36x | CN¥-70.80 Million |
| 2020 | 3.24% | 12.20% | 0.20x | 1.33x | CN¥-95.42 Million |
| 2021 | 4.33% | 15.68% | 0.21x | 1.29x | CN¥-83.34 Million |
| 2022 | 4.58% | 16.10% | 0.24x | 1.21x | CN¥-83.06 Million |
| 2023 | 4.81% | 16.85% | 0.24x | 1.17x | CN¥-83.68 Million |
| 2024 | -47.42% | -135.09% | 0.29x | 1.23x | CN¥-620.08 Million |
Industry Comparison
This section compares Longmaster Information Tech's net assets metrics with peer companies in the Health Information Services industry.
Industry Context
- Industry: Health Information Services
- Average net assets among peers: $485,400,200
- Average return on equity (ROE) among peers: 6.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Longmaster Information Tech (300288) | CN¥1.10 Billion | 30.22% | 0.21x | $515.28 Million |
| Vanfund Urban Investment & Development Co Ltd (000638) | $212.90 Million | -2.45% | 1.18x | $40.55 Million |
| Shanghai Kingstar Winning Software (300253) | $1.05 Billion | 14.56% | 0.66x | $2.59 Billion |
| B-Soft Co Ltd (300451) | $344.85 Million | 13.80% | 0.44x | $879.54 Million |
| Heren Health Co Ltd (300550) | $217.38 Million | 23.80% | 0.73x | $580.92 Million |
| Yarward Electronics Shandong Co. Ltd. A (301337) | $284.81 Million | 25.53% | 0.48x | $415.20 Million |
| Suzhou Medsys Tech Co Ltd (603990) | $804.79 Million | -34.73% | 2.93x | $878.00 Million |
About Longmaster Information Tech
Longmaster Information & Technology Co., Ltd. provides medical and internet medical services in China. The company operates through four segments: Value-added Telecommunications, Medical Information Services, Medical, and Others. It offers 39 Internet Hospital APP which offers a remote consultation platform for patients for difficult and serious diseases; and a remote platform for critical care r… Read more