Changsha Kaiyuan Instruments (300338) - Net Assets
Based on the latest financial reports, Changsha Kaiyuan Instruments (300338) has net assets worth CN¥-17.60 Million CNY (≈ $-2.58 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¥468.26 Million ≈ $68.52 Million USD) and total liabilities (CN¥485.87 Million ≈ $71.10 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 Changsha Kaiyuan Instruments (300338) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-17.60 Million |
| % of Total Assets | -3.76% |
| Annual Growth Rate | -11.48% |
| 5-Year Change | -94.8% |
| 10-Year Change | -96.55% |
| Growth Volatility | 103.04 |
Changsha Kaiyuan Instruments - Net Assets Trend (2009–2024)
This chart illustrates how Changsha Kaiyuan Instruments's net assets have evolved over time, based on quarterly financial data. Also explore 300338 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Changsha Kaiyuan Instruments (2009–2024)
The table below shows the annual net assets of Changsha Kaiyuan Instruments from 2009 to 2024. For live valuation and market cap data, see 300338 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥26.22 Million ≈ $3.84 Million |
+123.05% |
| 2023-12-31 | CN¥-113.76 Million ≈ $-16.65 Million |
-238.00% |
| 2022-12-31 | CN¥82.44 Million ≈ $12.06 Million |
+152.96% |
| 2021-12-31 | CN¥32.59 Million ≈ $4.77 Million |
-93.54% |
| 2020-12-31 | CN¥504.45 Million ≈ $73.82 Million |
-65.50% |
| 2019-12-31 | CN¥1.46 Billion ≈ $213.95 Million |
-35.09% |
| 2018-12-31 | CN¥2.25 Billion ≈ $329.61 Million |
+5.36% |
| 2017-12-31 | CN¥2.14 Billion ≈ $312.83 Million |
+180.30% |
| 2016-12-31 | CN¥762.68 Million ≈ $111.60 Million |
+0.36% |
| 2015-12-31 | CN¥759.95 Million ≈ $111.20 Million |
-0.70% |
| 2014-12-31 | CN¥765.33 Million ≈ $111.99 Million |
+2.75% |
| 2013-12-31 | CN¥744.88 Million ≈ $109.00 Million |
+3.04% |
| 2012-12-31 | CN¥722.87 Million ≈ $105.78 Million |
+141.28% |
| 2011-12-31 | CN¥299.60 Million ≈ $43.84 Million |
+22.74% |
| 2010-12-31 | CN¥244.10 Million ≈ $35.72 Million |
+49.34% |
| 2009-12-31 | CN¥163.45 Million ≈ $23.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Changsha Kaiyuan Instruments'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 2240.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.85 Billion | 7149.93% |
| Total Equity | CN¥25.83 Million | 100.00% |
Changsha Kaiyuan Instruments Competitors by Market Cap
The table below lists competitors of Changsha Kaiyuan Instruments ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cantor Equity Partners I, Inc. Class A Ordinary Shares
NASDAQ:CEPO
|
$217.09 Million |
|
Spok Holdings Inc
NASDAQ:SPOK
|
$217.10 Million |
|
Samwha Electri
KO:009470
|
$217.38 Million |
|
Piedmont Lithium Inc
AU:PLL
|
$217.40 Million |
|
Camuzzi Gas Pampeana SA
BA:CGPA2
|
$216.78 Million |
|
Caisse régionale de Crédit Agricole Mutuel Atlantique Vendée
PA:CRAV
|
$216.78 Million |
|
NORTHERN OCEAN LTD.
F:4JO
|
$216.75 Million |
|
Oportun Financial Corp
NASDAQ:OPRT
|
$216.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changsha Kaiyuan Instruments's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -114,716,265 to 25,829,995, a change of 140,546,260.
- Net loss of 141,320,264 reduced equity.
- Dividend payments of 1,924,509 reduced retained earnings.
- Other factors increased equity by 283,791,034.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-141.32 Million | -547.12% |
| Dividends Paid | CN¥1.92 Million | -7.45% |
| Other Changes | CN¥283.79 Million | +1098.69% |
| Total Change | CN¥- | % |
Book Value vs Market Value Analysis
This analysis compares Changsha Kaiyuan Instruments'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: 57.36x
- 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 0.59x to 57.36x 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¥6.21 | CN¥3.68 | x |
| 2018-12-31 | CN¥6.38 | CN¥3.68 | x |
| 2019-12-31 | CN¥4.17 | CN¥3.68 | x |
| 2020-12-31 | CN¥1.48 | CN¥3.68 | x |
| 2021-12-31 | CN¥0.10 | CN¥3.68 | x |
| 2022-12-31 | CN¥0.21 | CN¥3.68 | x |
| 2023-12-31 | CN¥-0.28 | CN¥3.68 | x |
| 2024-12-31 | CN¥0.06 | CN¥3.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changsha Kaiyuan Instruments 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): -547.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -82.75%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 23.43x
- Recent ROE (-547.12%) is below the historical average (-127.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.46% | 14.48% | 0.74x | 1.36x | CN¥7.09 Million |
| 2010 | 16.12% | 18.72% | 0.61x | 1.40x | CN¥14.93 Million |
| 2011 | 18.53% | 20.53% | 0.60x | 1.50x | CN¥25.55 Million |
| 2012 | 8.00% | 19.16% | 0.37x | 1.12x | CN¥-14.46 Million |
| 2013 | 6.44% | 16.93% | 0.34x | 1.13x | CN¥-26.46 Million |
| 2014 | 6.46% | 16.10% | 0.35x | 1.16x | CN¥-26.83 Million |
| 2015 | 0.51% | 1.34% | 0.30x | 1.24x | CN¥-71.29 Million |
| 2016 | 0.78% | 1.73% | 0.35x | 1.28x | CN¥-69.66 Million |
| 2017 | 7.59% | 16.32% | 0.33x | 1.43x | CN¥-50.87 Million |
| 2018 | 4.47% | 6.78% | 0.48x | 1.36x | CN¥-121.79 Million |
| 2019 | -44.40% | -42.63% | 0.68x | 1.53x | CN¥-777.99 Million |
| 2020 | -151.91% | -90.07% | 0.59x | 2.84x | CN¥-816.12 Million |
| 2021 | -1424.71% | -49.50% | 0.73x | 39.23x | CN¥-464.00 Million |
| 2022 | 41.06% | 5.13% | 0.76x | 10.50x | CN¥25.55 Million |
| 2023 | 0.00% | -80.54% | 0.65x | 0.00x | CN¥-263.49 Million |
| 2024 | -547.12% | -82.75% | 0.28x | 23.43x | CN¥-143.90 Million |
Industry Comparison
This section compares Changsha Kaiyuan Instruments's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,438,161,521
- Average return on equity (ROE) among peers: 9.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changsha Kaiyuan Instruments (300338) | CN¥-17.60 Million | 14.46% | N/A | $216.81 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $1.33 Billion | 2.30% | 0.42x | $3.25 Billion |
| Oriental Times Media Corp (002175) | $265.90 Million | 3.28% | 0.57x | $513.79 Million |
| Changchun UP Optotech Co Ltd (002338) | $115.80 Million | 25.31% | 0.81x | $2.14 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $2.36 Billion | 5.50% | 0.29x | $1.22 Billion |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $2.94 Billion | -36.19% | 1.91x | $1.01 Billion |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $3.68 Billion | 3.33% | 0.11x | $2.54 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $126.98 Million | 64.90% | 0.90x | $9.27 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.13 Billion | 6.69% | 0.30x | $809.74 Million |
| Beijing SDL Technology Co Ltd (002658) | $339.23 Million | 24.02% | 0.28x | $791.70 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $1.10 Billion | -5.02% | 0.22x | $592.94 Million |
About Changsha Kaiyuan Instruments
Kaiyuan Education Technology Group Co., Ltd. manufactures and sells mechanical samplers, sample preparation equipment, and analytical instruments for coal and coke, alternative fuel, food and feed, and environmental applications in the People's Republic of China. It offers calorimeters; and sulfur, C/H/N elemental, nitrogen/protein, fluorine/chlorine, mercury, inorganic carbon sulfur, coulomb sul… Read more