Shenzhen Changfang Light Emitting (300301) - Net Assets
Based on the latest financial reports, Shenzhen Changfang Light Emitting (300301) has net assets worth CN¥51.88 Million CNY (≈ $7.59 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥805.69 Million ≈ $117.90 Million USD) and total liabilities (CN¥753.81 Million ≈ $110.31 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 300301 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥51.88 Million |
| % of Total Assets | 6.44% |
| Annual Growth Rate | 2.33% |
| 5-Year Change | -77.93% |
| 10-Year Change | -96.09% |
| Growth Volatility | 87.72 |
Shenzhen Changfang Light Emitting - Net Assets Trend (2008–2025)
This chart illustrates how Shenzhen Changfang Light Emitting's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 300301 market cap overview.
Annual Net Assets for Shenzhen Changfang Light Emitting (2008–2025)
The table below shows the annual net assets of Shenzhen Changfang Light Emitting from 2008 to 2025. Also explore Shenzhen Changfang Light Emitting equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥92.16 Million ≈ $13.49 Million |
+191.26% |
| 2024-12-31 | CN¥31.64 Million ≈ $4.63 Million |
-39.37% |
| 2023-12-31 | CN¥52.19 Million ≈ $7.64 Million |
-72.91% |
| 2022-12-31 | CN¥192.68 Million ≈ $28.19 Million |
-53.86% |
| 2021-12-31 | CN¥417.60 Million ≈ $61.11 Million |
-63.91% |
| 2020-12-31 | CN¥1.16 Billion ≈ $169.33 Million |
-2.98% |
| 2019-12-31 | CN¥1.19 Billion ≈ $174.53 Million |
-26.38% |
| 2018-12-31 | CN¥1.62 Billion ≈ $237.08 Million |
-34.39% |
| 2017-12-31 | CN¥2.47 Billion ≈ $361.34 Million |
+4.78% |
| 2016-12-31 | CN¥2.36 Billion ≈ $344.86 Million |
+53.48% |
| 2015-12-31 | CN¥1.54 Billion ≈ $224.69 Million |
+94.93% |
| 2014-12-31 | CN¥787.71 Million ≈ $115.27 Million |
+3.99% |
| 2013-12-31 | CN¥757.45 Million ≈ $110.84 Million |
+5.67% |
| 2012-12-31 | CN¥716.84 Million ≈ $104.90 Million |
+265.57% |
| 2011-12-31 | CN¥196.09 Million ≈ $28.69 Million |
+50.55% |
| 2010-12-31 | CN¥130.25 Million ≈ $19.06 Million |
+79.41% |
| 2009-12-31 | CN¥72.60 Million ≈ $10.62 Million |
+16.55% |
| 2008-12-31 | CN¥62.29 Million ≈ $9.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Changfang Light Emitting'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 84579.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.60 Billion | 1754.25% |
| Total Equity | CN¥91.43 Million | 100.00% |
Shenzhen Changfang Light Emitting Competitors by Market Cap
The table below lists competitors of Shenzhen Changfang Light Emitting ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mahindra Logistics Limited
NSE:MAHLOG
|
$421.44 Million |
|
Shanxi Yongdong Chemistry Industry Co Ltd
SHE:002753
|
$421.54 Million |
|
Focus Minerals Ltd
AU:FML
|
$421.74 Million |
|
Volatus Aerospace Inc
V:FLT
|
$421.78 Million |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
$421.30 Million |
|
IndoStar Capital Finance Limited
NSE:INDOSTAR
|
$421.25 Million |
|
Huang Hsiang Construction Corp
TW:2545
|
$421.12 Million |
|
Sailfish Royalty Corp
V:FISH
|
$421.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Changfang Light Emitting's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,826,504 to 91,430,836, a change of 60,604,332 (196.6%).
- Net loss of 150,344,814 reduced equity.
- Dividend payments of 25,478,842 reduced retained earnings.
- Other factors increased equity by 236,427,988.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-150.34 Million | -164.44% |
| Dividends Paid | CN¥25.48 Million | -27.87% |
| Other Changes | CN¥236.43 Million | +258.59% |
| Total Change | CN¥- | 196.60% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Changfang Light Emitting'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: 31.50x
- 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 18.48x to 31.50x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.19 | CN¥3.47 | x |
| 2009-12-31 | CN¥0.22 | CN¥3.47 | x |
| 2010-12-31 | CN¥0.35 | CN¥3.47 | x |
| 2011-12-31 | CN¥0.44 | CN¥3.47 | x |
| 2012-12-31 | CN¥1.29 | CN¥3.47 | x |
| 2013-12-31 | CN¥1.27 | CN¥3.47 | x |
| 2014-12-31 | CN¥1.32 | CN¥3.47 | x |
| 2015-12-31 | CN¥2.14 | CN¥3.47 | x |
| 2016-12-31 | CN¥2.84 | CN¥3.47 | x |
| 2017-12-31 | CN¥2.74 | CN¥3.47 | x |
| 2018-12-31 | CN¥2.05 | CN¥3.47 | x |
| 2019-12-31 | CN¥1.51 | CN¥3.47 | x |
| 2020-12-31 | CN¥1.46 | CN¥3.47 | x |
| 2021-12-31 | CN¥0.53 | CN¥3.47 | x |
| 2022-12-31 | CN¥0.24 | CN¥3.47 | x |
| 2023-12-31 | CN¥0.07 | CN¥3.47 | x |
| 2024-12-31 | CN¥0.04 | CN¥3.47 | x |
| 2025-12-31 | CN¥0.11 | CN¥3.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Changfang Light Emitting 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): -164.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.91%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 9.09x
- Recent ROE (-164.44%) is below the historical average (-39.40%), 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 | 2.14% | 2.69% | 0.66x | 1.20x | CN¥-4.90 Million |
| 2009 | 14.20% | 12.80% | 0.61x | 1.82x | CN¥3.05 Million |
| 2010 | 27.74% | 13.39% | 0.69x | 3.01x | CN¥23.10 Million |
| 2011 | 33.58% | 15.54% | 0.85x | 2.53x | CN¥46.23 Million |
| 2012 | 6.64% | 8.31% | 0.51x | 1.56x | CN¥-24.12 Million |
| 2013 | 3.63% | 3.38% | 0.62x | 1.73x | CN¥-48.26 Million |
| 2014 | 6.43% | 5.50% | 0.53x | 2.21x | CN¥-28.10 Million |
| 2015 | 7.17% | 7.11% | 0.46x | 2.19x | CN¥-39.82 Million |
| 2016 | -2.95% | -3.92% | 0.42x | 1.78x | CN¥-275.32 Million |
| 2017 | 1.67% | 2.07% | 0.46x | 1.76x | CN¥-180.31 Million |
| 2018 | -9.69% | -9.96% | 0.45x | 2.16x | CN¥-318.81 Million |
| 2019 | -36.03% | -26.56% | 0.50x | 2.73x | CN¥-548.65 Million |
| 2020 | -3.27% | -2.90% | 0.48x | 2.37x | CN¥-153.47 Million |
| 2021 | -67.63% | -17.75% | 1.18x | 3.22x | CN¥-323.66 Million |
| 2022 | -117.10% | -30.87% | 0.73x | 5.18x | CN¥-244.09 Million |
| 2023 | -275.85% | -26.16% | 0.66x | 15.89x | CN¥-147.42 Million |
| 2024 | -135.40% | -8.26% | 0.66x | 24.91x | CN¥-44.82 Million |
| 2025 | -164.44% | -37.91% | 0.48x | 9.09x | CN¥-159.49 Million |
Industry Comparison
This section compares Shenzhen Changfang Light Emitting's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,245,673,029
- Average return on equity (ROE) among peers: 12.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Changfang Light Emitting (300301) | CN¥51.88 Million | 2.14% | 14.53x | $421.38 Million |
| XJ Electric Co Ltd (000400) | $6.23 Billion | 17.04% | 0.73x | $3.04 Billion |
| Guangdong Macro Co Ltd (000533) | $1.02 Billion | 6.87% | 1.16x | $1.14 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $536.10 Million | 17.67% | 0.27x | $885.25 Million |
| Dongfang Electronics Co Ltd (000682) | $1.57 Billion | 1.57% | 0.53x | $2.10 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $557.50 Million | 13.45% | 0.65x | $744.67 Million |
| Huagong Tech Co Ltd (000988) | $9.37 Billion | 10.74% | 0.86x | $15.86 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.32 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.46x | $15.80 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $353.70 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $6.94 Billion |
About Shenzhen Changfang Light Emitting
Shenzhen Changfang Group Co., Ltd. engages in the research and development, design, production, and sale of LED lighting source device packaging and LED lighting application products in China and internationally. The company offers LED headlights, flashlights, handheld searchlight, emergency lights, lamps, bulbs; ceiling lights; and eye protection tables. It also provides its lighting products fo… Read more