Shandong Longertek Technology Co Ltd (300594) - Net Assets
Based on the latest financial reports, Shandong Longertek Technology Co Ltd (300594) has net assets worth CN¥825.69 Million CNY (≈ $120.82 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¥1.92 Billion ≈ $280.44 Million USD) and total liabilities (CN¥1.09 Billion ≈ $159.62 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 Shandong Longertek Technology Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥825.69 Million |
| % of Total Assets | 43.08% |
| Annual Growth Rate | 28.27% |
| 5-Year Change | -6.37% |
| 10-Year Change | 886.56% |
| Growth Volatility | 44.19 |
Shandong Longertek Technology Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Shandong Longertek Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Longertek Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Longertek Technology Co Ltd (2014–2024)
The table below shows the annual net assets of Shandong Longertek Technology Co Ltd from 2014 to 2024. For live valuation and market cap data, see 300594 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥838.14 Million ≈ $122.65 Million |
-9.38% |
| 2023-12-31 | CN¥924.86 Million ≈ $135.34 Million |
+2.82% |
| 2022-12-31 | CN¥899.48 Million ≈ $131.62 Million |
-3.86% |
| 2021-12-31 | CN¥935.61 Million ≈ $136.91 Million |
+4.52% |
| 2020-12-31 | CN¥895.13 Million ≈ $130.99 Million |
+9.74% |
| 2019-12-31 | CN¥815.70 Million ≈ $119.36 Million |
+128.24% |
| 2018-12-31 | CN¥357.39 Million ≈ $52.30 Million |
+27.07% |
| 2017-12-31 | CN¥281.27 Million ≈ $41.16 Million |
+75.19% |
| 2016-12-31 | CN¥160.55 Million ≈ $23.49 Million |
+88.98% |
| 2015-12-31 | CN¥84.96 Million ≈ $12.43 Million |
+22.22% |
| 2014-12-31 | CN¥69.51 Million ≈ $10.17 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Longertek 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 grown by 16053847018.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥93.52 Million | 11.14% |
| Common Stock | CN¥91.87 Million | 10.94% |
| Other Components | CN¥654.45 Million | 77.93% |
| Total Equity | CN¥839.84 Million | 100.00% |
Shandong Longertek Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Longertek Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CERRO DE PASCO RES
F:N8HP
|
$246.28 Million |
|
Luca Mining Corp.
V:LUCA
|
$246.28 Million |
|
Metro Mining Limited
F:6ME
|
$246.37 Million |
|
Humedix Co Ltd
KQ:200670
|
$246.43 Million |
|
CMC Corp
VN:CMG
|
$246.00 Million |
|
BlackRock New York Municipal Income Trust
NYSE:BNY
|
$245.99 Million |
|
Super Energy Tbk PT
JK:SURE
|
$245.71 Million |
|
Bourse Direct SA
PA:BSD
|
$245.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Longertek Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 924,831,789 to 839,844,075, a change of -84,987,714 (-9.2%).
- Net loss of 76,405,989 reduced equity.
- Dividend payments of 22,306,282 reduced retained earnings.
- Share repurchases of 60,560 reduced equity.
- Other comprehensive income decreased equity by 2,236,499.
- Other factors increased equity by 16,021,616.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-76.41 Million | -9.1% |
| Dividends Paid | CN¥22.31 Million | -2.66% |
| Share Repurchases | CN¥60.56K | -0.01% |
| Other Comprehensive Income | CN¥-2.24 Million | -0.27% |
| Other Changes | CN¥16.02 Million | +1.91% |
| Total Change | CN¥- | -9.19% |
Book Value vs Market Value Analysis
This analysis compares Shandong Longertek 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: 2.01x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.63x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.25 | CN¥18.30 | x |
| 2015-12-31 | CN¥1.54 | CN¥18.30 | x |
| 2016-12-31 | CN¥2.73 | CN¥18.30 | x |
| 2017-12-31 | CN¥4.30 | CN¥18.30 | x |
| 2018-12-31 | CN¥5.34 | CN¥18.30 | x |
| 2019-12-31 | CN¥9.17 | CN¥18.30 | x |
| 2020-12-31 | CN¥10.07 | CN¥18.30 | x |
| 2021-12-31 | CN¥10.29 | CN¥18.30 | x |
| 2022-12-31 | CN¥9.91 | CN¥18.30 | x |
| 2023-12-31 | CN¥8.75 | CN¥18.30 | x |
| 2024-12-31 | CN¥9.12 | CN¥18.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Longertek 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): -9.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.67%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 2.42x
- Recent ROE (-9.10%) is below the historical average (7.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -7.20% | -4.89% | 0.48x | 3.10x | CN¥-11.95 Million |
| 2015 | 18.19% | 9.39% | 0.65x | 2.99x | CN¥6.96 Million |
| 2016 | 27.13% | 14.41% | 0.82x | 2.29x | CN¥27.50 Million |
| 2017 | 22.10% | 15.08% | 0.75x | 1.94x | CN¥34.00 Million |
| 2018 | 21.35% | 16.11% | 0.76x | 1.74x | CN¥40.55 Million |
| 2019 | 10.02% | 15.55% | 0.47x | 1.38x | CN¥180.22K |
| 2020 | 9.71% | 14.88% | 0.47x | 1.40x | CN¥-2.64 Million |
| 2021 | 0.59% | 0.82% | 0.47x | 1.52x | CN¥-88.05 Million |
| 2022 | -6.46% | -7.52% | 0.44x | 1.93x | CN¥-147.82 Million |
| 2023 | -0.34% | -0.35% | 0.49x | 1.98x | CN¥-95.65 Million |
| 2024 | -9.10% | -8.67% | 0.43x | 2.42x | CN¥-160.39 Million |
Industry Comparison
This section compares Shandong Longertek Technology Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Longertek Technology Co Ltd (300594) | CN¥825.69 Million | -7.20% | 1.32x | $246.02 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Shandong Longertek Technology Co Ltd
Shandong Longertek Technology Co., Ltd. engages in the research, development, production, sale, and maintenance of rail transit vehicle air conditioners and their control systems in China and internationally. It offers track and new energy vehicle air conditioners, thermal management products, air energy heat pump drying equipment, digital energy intelligent environmental control products, and th… Read more