Shenzhen Changfang Light Emitting (300301) - Net Assets

Latest as of March 2026: CN¥73.33 Million CNY ≈ $10.73 Million USD

Based on the latest financial reports, Shenzhen Changfang Light Emitting (300301) has net assets worth CN¥73.33 Million CNY (≈ $10.73 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¥817.84 Million ≈ $119.68 Million USD) and total liabilities (CN¥744.50 Million ≈ $108.94 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 tangible equity quality of Shenzhen Changfang Light Emitting to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥73.33 Million
% of Total Assets	8.97%
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. See 300301 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Shenzhen Changfang Light Emitting market cap and net worth.

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	--

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
Enjoyor SHE:300020	$383.75 Million
HEIDELB.DRUCK.UNS.ADR 1/2 F:HDDF	$383.88 Million
Shui On Land Limited F:OL5	$383.92 Million
Zhejiang Zhe Kuang Heavy Industry SHE:300837	$384.00 Million
Shanghai Fudan Forward S&T Co Ltd SHG:600624	$383.72 Million
Menif Financial Services Ltd TA:MNIF	$383.71 Million
Kaiser China Holding Co Ltd SHE:002425	$383.57 Million
Companhia Brasileira de Distribuição MX:CBDN	$383.53 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: 28.68x
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 16.83x to 28.68x 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¥3.16	x
2009-12-31	CN¥0.22	CN¥3.16	x
2010-12-31	CN¥0.35	CN¥3.16	x
2011-12-31	CN¥0.44	CN¥3.16	x
2012-12-31	CN¥1.29	CN¥3.16	x
2013-12-31	CN¥1.27	CN¥3.16	x
2014-12-31	CN¥1.32	CN¥3.16	x
2015-12-31	CN¥2.14	CN¥3.16	x
2016-12-31	CN¥2.84	CN¥3.16	x
2017-12-31	CN¥2.74	CN¥3.16	x
2018-12-31	CN¥2.05	CN¥3.16	x
2019-12-31	CN¥1.51	CN¥3.16	x
2020-12-31	CN¥1.46	CN¥3.16	x
2021-12-31	CN¥0.53	CN¥3.16	x
2022-12-31	CN¥0.24	CN¥3.16	x
2023-12-31	CN¥0.07	CN¥3.16	x
2024-12-31	CN¥0.04	CN¥3.16	x
2025-12-31	CN¥0.11	CN¥3.16	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: $1,962,958,871
Average return on equity (ROE) among peers: 10.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Changfang Light Emitting (300301)	CN¥73.33 Million	2.14%	10.15x	$383.74 Million
XJ Electric Co Ltd (000400)	$769.50 Million	13.66%	0.29x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$656.70 Million	10.00%	3.24x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.39 Billion	11.14%	0.11x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$1.32 Billion	0.16%	0.16x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.57 Billion	1.54%	1.62x	$742.84 Million
Huagong Tech Co Ltd (000988)	$684.66 Million	5.90%	0.54x	$26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.44 Billion
Sieyuan Electric Co Ltd (002028)	$10.67 Billion	14.62%	0.76x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$102.42 Million	12.86%	0.78x	$468.31 Million
Gotion High tech Co Ltd (002074)	$87.88 Million	21.99%	1.03x	$7.89 Billion

About Shenzhen Changfang Light Emitting

SHE:300301 China Electrical Equipment & Parts

Market Cap

$383.74 Million

CN¥2.62 Billion CNY

Market Cap Rank

#13770 Global

#4121 in China

Share Price

CN¥3.16

Change (1 day)

-3.07%

52-Week Range

CN¥2.07 - CN¥3.92

All Time High

CN¥11.49