Advanced Fiber Resources Zhuhai Ltd (300620) - Net Assets
Based on the latest financial reports, Advanced Fiber Resources Zhuhai Ltd (300620) has net assets worth CN¥2.24 Billion CNY (≈ $328.13 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.87 Billion ≈ $565.74 Million USD) and total liabilities (CN¥1.62 Billion ≈ $237.62 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 300620 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.24 Billion |
| % of Total Assets | 58.0% |
| Annual Growth Rate | 49.92% |
| 5-Year Change | 54.07% |
| 10-Year Change | 1084.5% |
| Growth Volatility | 61.74 |
Advanced Fiber Resources Zhuhai Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Advanced Fiber Resources Zhuhai Ltd's net assets have evolved over time, based on quarterly financial data. See 300620 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Advanced Fiber Resources Zhuhai Ltd (2012–2025)
The table below shows the annual net assets of Advanced Fiber Resources Zhuhai Ltd from 2012 to 2025. For live valuation and market cap data, see 300620 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.36 Billion ≈ $345.73 Million |
+20.45% |
| 2024-12-31 | CN¥1.96 Billion ≈ $287.05 Million |
+15.16% |
| 2023-12-31 | CN¥1.70 Billion ≈ $249.25 Million |
+3.22% |
| 2022-12-31 | CN¥1.65 Billion ≈ $241.47 Million |
+7.60% |
| 2021-12-31 | CN¥1.53 Billion ≈ $224.40 Million |
+9.31% |
| 2020-12-31 | CN¥1.40 Billion ≈ $205.29 Million |
+118.99% |
| 2019-12-31 | CN¥640.64 Million ≈ $93.75 Million |
+15.31% |
| 2018-12-31 | CN¥555.59 Million ≈ $81.30 Million |
+15.99% |
| 2017-12-31 | CN¥479.01 Million ≈ $70.09 Million |
+140.14% |
| 2016-12-31 | CN¥199.47 Million ≈ $29.19 Million |
+33.99% |
| 2015-12-31 | CN¥148.87 Million ≈ $21.78 Million |
+71.56% |
| 2014-12-31 | CN¥86.77 Million ≈ $12.70 Million |
+159.30% |
| 2013-12-31 | CN¥33.46 Million ≈ $4.90 Million |
+173.75% |
| 2012-12-31 | CN¥12.22 Million ≈ $1.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Advanced Fiber Resources Zhuhai 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 12016.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥598.61 Million | 27.58% |
| Common Stock | CN¥249.18 Million | 11.48% |
| Other Comprehensive Income | CN¥219.66 Million | 10.12% |
| Other Components | CN¥1.10 Billion | 50.82% |
| Total Equity | CN¥2.17 Billion | 100.00% |
Advanced Fiber Resources Zhuhai Ltd Competitors by Market Cap
The table below lists competitors of Advanced Fiber Resources Zhuhai Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Watsco Inc
NYSE:WSO
|
$14.25 Billion |
|
Ascendis Pharma AS
NASDAQ:ASND
|
$14.26 Billion |
|
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
F:PTI
|
$14.26 Billion |
|
Pershing Square Inc.
NASDAQ:PS
|
$14.27 Billion |
|
Xian LONGi Silicon Materials Corp
SHG:601012
|
$14.24 Billion |
|
Banco Santander Chile
NYSE:BSAC
|
$14.24 Billion |
|
Shandong Gold Mining Co Ltd
SHG:600547
|
$14.23 Billion |
|
BE Semiconductor Industries NV
AS:BESI
|
$14.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Advanced Fiber Resources Zhuhai Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,925,186,598 to 2,170,363,006, a change of 245,176,408 (12.7%).
- Net income of 176,672,911 contributed positively to equity growth.
- Dividend payments of 24,918,054 reduced retained earnings.
- Share repurchases of 19,081,530 reduced equity.
- Other comprehensive income increased equity by 219,659,979.
- Other factors decreased equity by 107,156,898.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥176.67 Million | +8.14% |
| Dividends Paid | CN¥24.92 Million | -1.15% |
| Share Repurchases | CN¥19.08 Million | -0.88% |
| Other Comprehensive Income | CN¥219.66 Million | +10.12% |
| Other Changes | CN¥-107.16 Million | -4.94% |
| Total Change | CN¥- | 12.74% |
Book Value vs Market Value Analysis
This analysis compares Advanced Fiber Resources Zhuhai 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: 45.51x
- 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 2689.04x to 45.51x 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¥0.15 | CN¥390.80 | x |
| 2013-12-31 | CN¥0.40 | CN¥390.80 | x |
| 2014-12-31 | CN¥1.03 | CN¥390.80 | x |
| 2015-12-31 | CN¥1.03 | CN¥390.80 | x |
| 2016-12-31 | CN¥1.33 | CN¥390.80 | x |
| 2017-12-31 | CN¥2.57 | CN¥390.80 | x |
| 2018-12-31 | CN¥2.76 | CN¥390.80 | x |
| 2019-12-31 | CN¥3.12 | CN¥390.80 | x |
| 2020-12-31 | CN¥3.82 | CN¥390.80 | x |
| 2021-12-31 | CN¥6.26 | CN¥390.80 | x |
| 2022-12-31 | CN¥6.70 | CN¥390.80 | x |
| 2023-12-31 | CN¥6.94 | CN¥390.80 | x |
| 2024-12-31 | CN¥7.73 | CN¥390.80 | x |
| 2025-12-31 | CN¥8.59 | CN¥390.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Advanced Fiber Resources Zhuhai 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): 8.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.05%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.72x
- Recent ROE (8.14%) is below the historical average (24.96%), 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 | 143.14% | 23.16% | 1.16x | 5.33x | CN¥16.28 Million |
| 2013 | 61.09% | 22.94% | 1.08x | 2.46x | CN¥17.10 Million |
| 2014 | 28.16% | 22.25% | 1.03x | 1.23x | CN¥15.76 Million |
| 2015 | 20.74% | 22.20% | 0.78x | 1.19x | CN¥15.80 Million |
| 2016 | 25.14% | 28.10% | 0.73x | 1.23x | CN¥29.85 Million |
| 2017 | 12.58% | 26.02% | 0.41x | 1.19x | CN¥12.29 Million |
| 2018 | 14.49% | 27.63% | 0.35x | 1.49x | CN¥24.77 Million |
| 2019 | 9.06% | 14.71% | 0.45x | 1.36x | CN¥-5.99 Million |
| 2020 | 4.22% | 12.04% | 0.30x | 1.17x | CN¥-81.09 Million |
| 2021 | 8.53% | 19.59% | 0.38x | 1.15x | CN¥-22.54 Million |
| 2022 | 7.14% | 18.34% | 0.33x | 1.19x | CN¥-47.21 Million |
| 2023 | 3.50% | 8.40% | 0.35x | 1.17x | CN¥-110.70 Million |
| 2024 | 3.48% | 6.71% | 0.34x | 1.53x | CN¥-125.54 Million |
| 2025 | 8.14% | 12.05% | 0.39x | 1.72x | CN¥-40.36 Million |
Industry Comparison
This section compares Advanced Fiber Resources Zhuhai Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,668,860,588
- Average return on equity (ROE) among peers: -18.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Advanced Fiber Resources Zhuhai Ltd (300620) | CN¥2.24 Billion | 143.14% | 0.72x | $14.25 Billion |
| ZTE Corp (000063) | $42.55 Million | 189.70% | 2.42x | $22.33 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.88 Billion | 11.20% | 1.46x | $2.73 Billion |
| Addsino Co Ltd (000547) | $5.57 Billion | 3.88% | 0.24x | $4.61 Billion |
| Sichuan Huiyuan Optical Com (000586) | $260.80 Million | 1.16% | 1.11x | $431.95 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.39 Billion | -102.15% | 5.62x | $401.25 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $178.59 Million | 6.04% | 0.38x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $2.07 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $820.93 Million | -279.00% | 4.69x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $870.26 Million | -47.89% | 2.43x | $930.39 Million |
| Sunwave Communications Co Ltd (002115) | $112.36 Million | 24.04% | 1.27x | $1.39 Billion |
About Advanced Fiber Resources Zhuhai Ltd
Advanced Fiber Resources (Zhuhai), Ltd. designs, manufactures, and sells passive optical components and modulators in China and internationally. The company offers optical isolators and combiners, couplers/splitters, modulators, optical circulators and collimators, filters, in-line polarizers, FBG, photodiodes, isolator hybrid products, PBS/PBC, VOA, metalized fibers, faraday mirrors, Patchcord, … Read more