Shenzhen Minkave Technology Co Ltd (300506) - Net Assets
Based on the latest financial reports, Shenzhen Minkave Technology Co Ltd (300506) has net assets worth CN¥15.84 Million CNY (≈ $2.32 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¥683.34 Million ≈ $99.99 Million USD) and total liabilities (CN¥667.50 Million ≈ $97.68 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 Shenzhen Minkave Technology Co Ltd (300506) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥15.84 Million |
| % of Total Assets | 2.32% |
| Annual Growth Rate | 4.86% |
| 5-Year Change | -93.37% |
| 10-Year Change | -64.79% |
| Growth Volatility | 72.96 |
Shenzhen Minkave Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shenzhen Minkave Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300506 asset base for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Minkave Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Shenzhen Minkave Technology Co Ltd from 2011 to 2024. For live valuation and market cap data, see market value of Shenzhen Minkave Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥96.75 Million ≈ $14.16 Million |
-33.29% |
| 2023-12-31 | CN¥145.04 Million ≈ $21.22 Million |
-72.17% |
| 2022-12-31 | CN¥521.06 Million ≈ $76.25 Million |
-50.50% |
| 2021-12-31 | CN¥1.05 Billion ≈ $154.03 Million |
-27.91% |
| 2020-12-31 | CN¥1.46 Billion ≈ $213.66 Million |
-31.50% |
| 2019-12-31 | CN¥2.13 Billion ≈ $311.90 Million |
+8.60% |
| 2018-12-31 | CN¥1.96 Billion ≈ $287.20 Million |
+166.89% |
| 2017-12-31 | CN¥735.41 Million ≈ $107.61 Million |
+24.40% |
| 2016-12-31 | CN¥591.17 Million ≈ $86.51 Million |
+115.14% |
| 2015-12-31 | CN¥274.79 Million ≈ $40.21 Million |
+22.08% |
| 2014-12-31 | CN¥225.08 Million ≈ $32.94 Million |
+26.86% |
| 2013-12-31 | CN¥177.42 Million ≈ $25.96 Million |
+35.00% |
| 2012-12-31 | CN¥131.42 Million ≈ $19.23 Million |
+151.63% |
| 2011-12-31 | CN¥52.23 Million ≈ $7.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Minkave Technology Co Ltd'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 4805.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.58 Billion | 1633.77% |
| Total Equity | CN¥96.44 Million | 100.00% |
Shenzhen Minkave Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Minkave Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Model Organisms Center Inc
SHG:688265
|
$472.31 Million |
|
Sikarin Public Company Limited
BK:SKR
|
$472.51 Million |
|
Lanpec Technologies Ltd
SHG:601798
|
$472.61 Million |
|
Aberdeen Standard Global Infrastructure Income Fund
NYSE:ASGI
|
$472.62 Million |
|
Better Home & Finance Holding Company
NASDAQ:BETR
|
$472.18 Million |
|
Menif Financial Services Ltd
TA:MNIF
|
$471.76 Million |
|
Cantor Equity Partners IV, Inc. Class A Ordinary Shares
NASDAQ:CEPF
|
$471.62 Million |
|
Changzhou Shenli Electrical Machine Incorporated Co
SHG:603819
|
$471.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Minkave Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 144,108,593 to 96,440,102, a change of -47,668,491 (-33.1%).
- Net loss of 130,952,051 reduced equity.
- Dividend payments of 5,136,757 reduced retained earnings.
- Other factors increased equity by 88,420,317.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-130.95 Million | -135.79% |
| Dividends Paid | CN¥5.14 Million | -5.33% |
| Other Changes | CN¥88.42 Million | +91.68% |
| Total Change | CN¥- | -33.08% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Minkave Technology Co Ltd'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: 33.47x
- 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 3.60x to 33.47x 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¥1.29 | CN¥4.64 | x |
| 2018-12-31 | CN¥2.87 | CN¥4.64 | x |
| 2019-12-31 | CN¥3.07 | CN¥4.64 | x |
| 2020-12-31 | CN¥2.03 | CN¥4.64 | x |
| 2021-12-31 | CN¥1.51 | CN¥4.64 | x |
| 2022-12-31 | CN¥0.75 | CN¥4.64 | x |
| 2023-12-31 | CN¥0.21 | CN¥4.64 | x |
| 2024-12-31 | CN¥0.14 | CN¥4.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Minkave Technology Co Ltd 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): -135.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -112.03%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 8.22x
- Recent ROE (-135.79%) is below the historical average (-48.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 18.09% | 20.08% | 0.43x | 2.12x | CN¥22.23 Million |
| 2016 | 17.01% | 24.18% | 0.45x | 1.57x | CN¥41.42 Million |
| 2017 | 23.63% | 25.46% | 0.42x | 2.19x | CN¥100.18 Million |
| 2018 | 16.80% | 24.16% | 0.38x | 1.82x | CN¥127.80 Million |
| 2019 | 7.36% | 11.81% | 0.31x | 2.03x | CN¥-53.13 Million |
| 2020 | -26.26% | -68.23% | 0.17x | 2.29x | CN¥-483.19 Million |
| 2021 | -50.08% | -95.04% | 0.24x | 2.15x | CN¥-632.09 Million |
| 2022 | -91.23% | -386.02% | 0.08x | 2.84x | CN¥-526.97 Million |
| 2023 | -261.24% | -464.05% | 0.08x | 6.75x | CN¥-390.88 Million |
| 2024 | -135.79% | -112.03% | 0.15x | 8.22x | CN¥-140.60 Million |
Industry Comparison
This section compares Shenzhen Minkave Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Minkave Technology Co Ltd (300506) | CN¥15.84 Million | 18.09% | 42.14x | $472.29 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Shenzhen Minkave Technology Co Ltd
Shenzhen Minkave Technology Co., Ltd. engages in landscape lighting engineering business in China. It is involved in the design and construction of lighting projects; and production of related lighting products; research, development, production, sales activities; contract energy management business, undertaking lighting engineering design, construction, EMC, smart street lights and cultural tour… Read more