Shenzhen FRD Science & Technology Co Ltd
Shenzhen FRD Science & Technology Co., Ltd. manufactures and sells electromagnetic shielding and thermal materials and devices, and other electronic devices in China and internationally. The company offers EMI shielding materials, including fabric over foams and conductive, metal shielding products, electrically conductive elastomers, and microwave absorbers; thermal materials comprising graphite… Read more
Shenzhen FRD Science & Technology Co Ltd (300602) - Net Assets
Latest net assets as of September 2025: CN¥4.12 Billion CNY
Based on the latest financial reports, Shenzhen FRD Science & Technology Co Ltd (300602) has net assets worth CN¥4.12 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.80 Billion) and total liabilities (CN¥4.68 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.12 Billion |
| % of Total Assets | 46.8% |
| Annual Growth Rate | 27.32% |
| 5-Year Change | 48.23% |
| 10-Year Change | 783.98% |
| Growth Volatility | 21.65 |
Shenzhen FRD Science & Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shenzhen FRD Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenzhen FRD Science & Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Shenzhen FRD Science & Technology Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.98 Billion | +4.57% |
| 2023-12-31 | CN¥3.81 Billion | +43.62% |
| 2022-12-31 | CN¥2.65 Billion | +0.68% |
| 2021-12-31 | CN¥2.63 Billion | -1.98% |
| 2020-12-31 | CN¥2.69 Billion | +49.64% |
| 2019-12-31 | CN¥1.80 Billion | +54.83% |
| 2018-12-31 | CN¥1.16 Billion | +19.69% |
| 2017-12-31 | CN¥968.79 Million | +71.57% |
| 2016-12-31 | CN¥564.65 Million | +25.33% |
| 2015-12-31 | CN¥450.52 Million | +28.95% |
| 2014-12-31 | CN¥349.38 Million | +29.99% |
| 2013-12-31 | CN¥268.77 Million | +22.41% |
| 2012-12-31 | CN¥219.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen FRD Science & 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 1634.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.42 Billion | 36.43% |
| Common Stock | CN¥580.01 Million | 14.88% |
| Other Comprehensive Income | CN¥-1.16 Million | -0.03% |
| Other Components | CN¥1.90 Billion | 48.72% |
| Total Equity | CN¥3.90 Billion | 100.00% |
Shenzhen FRD Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen FRD Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
General Insurance Corporation of India
NSE:GICRE
|
$1.31 Billion |
|
Kennedy-Wilson Holdings Inc
NYSE:KW
|
$1.31 Billion |
|
Yusys Technologies Co Ltd Class A
SHE:300674
|
$1.31 Billion |
|
Timken India Limited
NSE:TIMKEN
|
$1.31 Billion |
|
Henan Lingrui Pharmaceutical Co Ltd
SHG:600285
|
$1.31 Billion |
|
NTT UD REIT Investment Corporation
OTCGREY:PICJF
|
$1.31 Billion |
|
Kerry Properties Limited
PINK:KRYPF
|
$1.31 Billion |
|
Hedef Holdings AS
IS:HEDEF
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen FRD Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,729,396,347 to 3,897,871,409, a change of 168,475,062 (4.5%).
- Net income of 188,890,279 contributed positively to equity growth.
- Dividend payments of 60,042,567 reduced retained earnings.
- Other comprehensive income decreased equity by 216,026,954.
- Other factors increased equity by 255,654,304.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥188.89 Million | +4.85% |
| Dividends Paid | CN¥60.04 Million | -1.54% |
| Other Comprehensive Income | CN¥-216.03 Million | -5.54% |
| Other Changes | CN¥255.65 Million | +6.56% |
| Total Change | CN¥- | 4.52% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen FRD Science & 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: 4.86x
- 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 53.36x to 4.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.62 | CN¥33.11 | x |
| 2013-12-31 | CN¥0.76 | CN¥33.11 | x |
| 2014-12-31 | CN¥0.99 | CN¥33.11 | x |
| 2015-12-31 | CN¥1.26 | CN¥33.11 | x |
| 2016-12-31 | CN¥1.58 | CN¥33.11 | x |
| 2017-12-31 | CN¥2.15 | CN¥33.11 | x |
| 2018-12-31 | CN¥2.43 | CN¥33.11 | x |
| 2019-12-31 | CN¥3.22 | CN¥33.11 | x |
| 2020-12-31 | CN¥4.88 | CN¥33.11 | x |
| 2021-12-31 | CN¥4.84 | CN¥33.11 | x |
| 2022-12-31 | CN¥5.04 | CN¥33.11 | x |
| 2023-12-31 | CN¥6.87 | CN¥33.11 | x |
| 2024-12-31 | CN¥6.81 | CN¥33.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen FRD Science & 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): 4.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.75%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.02x
- Recent ROE (4.85%) is below the historical average (13.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 17.24% | 9.64% | 1.13x | 1.58x | CN¥15.89 Million |
| 2013 | 18.74% | 10.97% | 1.18x | 1.45x | CN¥23.49 Million |
| 2014 | 24.02% | 13.85% | 1.18x | 1.47x | CN¥48.98 Million |
| 2015 | 22.65% | 15.57% | 0.97x | 1.50x | CN¥56.27 Million |
| 2016 | 20.89% | 13.75% | 0.94x | 1.62x | CN¥60.42 Million |
| 2017 | 11.26% | 10.43% | 0.71x | 1.51x | CN¥12.11 Million |
| 2018 | 14.16% | 12.25% | 0.71x | 1.63x | CN¥47.70 Million |
| 2019 | 22.94% | 13.41% | 0.72x | 2.38x | CN¥197.84 Million |
| 2020 | 8.61% | 7.13% | 0.62x | 1.93x | CN¥-33.68 Million |
| 2021 | 1.23% | 0.98% | 0.55x | 2.26x | CN¥-215.01 Million |
| 2022 | 3.77% | 2.33% | 0.66x | 2.46x | CN¥-159.16 Million |
| 2023 | 2.77% | 2.37% | 0.59x | 1.98x | CN¥-269.73 Million |
| 2024 | 4.85% | 3.75% | 0.64x | 2.02x | CN¥-200.90 Million |
Industry Comparison
This section compares Shenzhen FRD Science & Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen FRD Science & Technology Co Ltd (300602) | CN¥4.12 Billion | 17.24% | 1.14x | $1.31 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |