Liaoning Kelong Fine ChemicalInc (300405) - Net Assets
Based on the latest financial reports, Liaoning Kelong Fine ChemicalInc (300405) has net assets worth CN¥431.38 Million CNY (≈ $63.12 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¥1.03 Billion ≈ $151.34 Million USD) and total liabilities (CN¥602.86 Million ≈ $88.22 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 300405 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥431.38 Million |
| % of Total Assets | 41.71% |
| Annual Growth Rate | 13.74% |
| 5-Year Change | -39.48% |
| 10-Year Change | -21.03% |
| Growth Volatility | 41.16 |
Liaoning Kelong Fine ChemicalInc - Net Assets Trend (2009–2024)
This chart illustrates how Liaoning Kelong Fine ChemicalInc's net assets have evolved over time, based on quarterly financial data. Also explore 300405 total assets for the complete picture of this company's asset base.
Annual Net Assets for Liaoning Kelong Fine ChemicalInc (2009–2024)
The table below shows the annual net assets of Liaoning Kelong Fine ChemicalInc from 2009 to 2024. For live valuation and market cap data, see Liaoning Kelong Fine ChemicalInc market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥460.49 Million ≈ $67.38 Million |
-11.47% |
| 2023-12-31 | CN¥520.18 Million ≈ $76.12 Million |
-20.16% |
| 2022-12-31 | CN¥651.56 Million ≈ $95.34 Million |
-17.54% |
| 2021-12-31 | CN¥790.14 Million ≈ $115.62 Million |
+3.84% |
| 2020-12-31 | CN¥760.90 Million ≈ $111.34 Million |
-7.77% |
| 2019-12-31 | CN¥824.97 Million ≈ $120.72 Million |
-1.88% |
| 2018-12-31 | CN¥840.74 Million ≈ $123.03 Million |
-11.46% |
| 2017-12-31 | CN¥949.57 Million ≈ $138.95 Million |
+2.41% |
| 2016-12-31 | CN¥927.21 Million ≈ $135.68 Million |
+59.01% |
| 2015-12-31 | CN¥583.13 Million ≈ $85.33 Million |
-6.66% |
| 2014-12-31 | CN¥624.72 Million ≈ $91.42 Million |
+86.20% |
| 2013-12-31 | CN¥335.52 Million ≈ $49.10 Million |
+19.06% |
| 2012-12-31 | CN¥281.81 Million ≈ $41.24 Million |
+30.43% |
| 2011-12-31 | CN¥216.06 Million ≈ $31.62 Million |
+42.92% |
| 2010-12-31 | CN¥151.18 Million ≈ $22.12 Million |
+126.50% |
| 2009-12-31 | CN¥66.75 Million ≈ $9.77 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Liaoning Kelong Fine ChemicalInc'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 4478.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥284.37 Million | 63.51% |
| Other Comprehensive Income | CN¥39.57 Million | 8.84% |
| Other Components | CN¥322.46 Million | 72.01% |
| Total Equity | CN¥447.77 Million | 100.00% |
Liaoning Kelong Fine ChemicalInc Competitors by Market Cap
The table below lists competitors of Liaoning Kelong Fine ChemicalInc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cellectis SA
NASDAQ:CLLS
|
$286.73 Million |
|
CompX International Inc
NYSE MKT:CIX
|
$286.76 Million |
|
Incap Oyj
HE:ICP1V
|
$286.82 Million |
|
Transcontinental Inc
TO:TCL-A
|
$286.82 Million |
|
Forcecon Technology Co Ltd
TWO:3483
|
$286.67 Million |
|
Lionheart Holdings Unit
NASDAQ:CUBWU
|
$286.67 Million |
|
Resolute Holdings Management, Inc.
NASDAQ:RHLD
|
$286.64 Million |
|
SAMYANG NC Chem
KQ:482630
|
$286.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Liaoning Kelong Fine ChemicalInc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 507,982,095 to 447,766,836, a change of -60,215,259 (-11.9%).
- Net loss of 49,832,853 reduced equity.
- Dividend payments of 26,580,565 reduced retained earnings.
- Share repurchases of 10,009,155 reduced equity.
- Other comprehensive income increased equity by 39,094,999.
- Other factors decreased equity by 12,887,685.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-49.83 Million | -11.13% |
| Dividends Paid | CN¥26.58 Million | -5.94% |
| Share Repurchases | CN¥10.01 Million | -2.24% |
| Other Comprehensive Income | CN¥39.09 Million | +8.73% |
| Other Changes | CN¥-12.89 Million | -2.88% |
| Total Change | CN¥- | -11.85% |
Book Value vs Market Value Analysis
This analysis compares Liaoning Kelong Fine ChemicalInc'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: 4.38x
- 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 19.42x to 4.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.35 | CN¥6.89 | x |
| 2010-12-31 | CN¥0.80 | CN¥6.89 | x |
| 2011-12-31 | CN¥1.11 | CN¥6.89 | x |
| 2012-12-31 | CN¥1.45 | CN¥6.89 | x |
| 2013-12-31 | CN¥1.73 | CN¥6.89 | x |
| 2014-12-31 | CN¥3.05 | CN¥6.89 | x |
| 2015-12-31 | CN¥2.25 | CN¥6.89 | x |
| 2016-12-31 | CN¥4.68 | CN¥6.89 | x |
| 2017-12-31 | CN¥3.83 | CN¥6.89 | x |
| 2018-12-31 | CN¥4.24 | CN¥6.89 | x |
| 2019-12-31 | CN¥2.77 | CN¥6.89 | x |
| 2020-12-31 | CN¥2.61 | CN¥6.89 | x |
| 2021-12-31 | CN¥2.65 | CN¥6.89 | x |
| 2022-12-31 | CN¥2.21 | CN¥6.89 | x |
| 2023-12-31 | CN¥1.76 | CN¥6.89 | x |
| 2024-12-31 | CN¥1.57 | CN¥6.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Liaoning Kelong Fine ChemicalInc 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): -11.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.88%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.35x
- Recent ROE (-11.13%) is below the historical average (5.89%), 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 | 52.33% | 9.50% | 1.70x | 3.23x | CN¥28.25 Million |
| 2010 | 34.68% | 7.39% | 1.82x | 2.58x | CN¥37.32 Million |
| 2011 | 29.76% | 5.65% | 1.66x | 3.16x | CN¥42.69 Million |
| 2012 | 23.05% | 5.85% | 1.52x | 2.59x | CN¥36.73 Million |
| 2013 | 15.72% | 5.25% | 1.06x | 2.84x | CN¥19.17 Million |
| 2014 | 6.12% | 3.36% | 0.81x | 2.25x | CN¥-24.22 Million |
| 2015 | -4.92% | -3.58% | 0.62x | 2.20x | CN¥-86.95 Million |
| 2016 | 1.70% | 2.02% | 0.46x | 1.81x | CN¥-76.91 Million |
| 2017 | 2.40% | 2.02% | 0.62x | 1.93x | CN¥-72.08 Million |
| 2018 | -11.98% | -8.40% | 0.68x | 2.09x | CN¥-184.40 Million |
| 2019 | 1.32% | 1.14% | 0.57x | 2.01x | CN¥-70.83 Million |
| 2020 | -8.05% | -6.54% | 0.60x | 2.05x | CN¥-136.20 Million |
| 2021 | 1.56% | 1.09% | 0.66x | 2.14x | CN¥-64.71 Million |
| 2022 | -18.58% | -15.20% | 0.53x | 2.31x | CN¥-182.68 Million |
| 2023 | -19.73% | -17.95% | 0.44x | 2.49x | CN¥-151.03 Million |
| 2024 | -11.13% | -7.88% | 0.60x | 2.35x | CN¥-94.61 Million |
Industry Comparison
This section compares Liaoning Kelong Fine ChemicalInc's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,526,275,526
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Liaoning Kelong Fine ChemicalInc (300405) | CN¥431.38 Million | 52.33% | 1.40x | $286.71 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $12.66 Billion | 14.57% | 1.45x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $7.35 Billion | 4.73% | 1.50x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $246.65 Million | 3.47% | 1.71x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $477.67 Million | 1.53% | 1.45x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $313.50 Million | 0.80% | 0.55x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.67 Billion | 1.91% | 0.16x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $220.98 Million | 19.06% | 0.40x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $93.73 Million | 50.32% | 1.49x | $4.87 Billion |
About Liaoning Kelong Fine ChemicalInc
Liaoning Kelong Fine Chemical,Inc. manufactures and sells building materials additives, chemical products, and surfactants worldwide. It polycarboxylic acid water reducing agent polyether monomer, polycarboxylic acid water reducing agent, polycarboxylic acid water reducing agent powder, ethylene glycol phenyl ether series products, hydroxy acrylate, ethylene carbonate, ultraviolet light, graphene… Read more