King-Strong New Material Technology Co Ltd (300629) - Net Assets
Based on the latest financial reports, King-Strong New Material Technology Co Ltd (300629) has net assets worth CN¥1.75 Billion CNY (≈ $256.28 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¥2.09 Billion ≈ $306.23 Million USD) and total liabilities (CN¥341.35 Million ≈ $49.95 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 how resilient are King-Strong New Material Technology Co L's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.75 Billion |
| % of Total Assets | 83.69% |
| Annual Growth Rate | 38.47% |
| 5-Year Change | 94.44% |
| 10-Year Change | 849.74% |
| Growth Volatility | 59.42 |
King-Strong New Material Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how King-Strong New Material Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300629 total asset value for the complete picture of this company's asset base.
Annual Net Assets for King-Strong New Material Technology Co Ltd (2008–2024)
The table below shows the annual net assets of King-Strong New Material Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see market cap of King-Strong New Material Technology Co L.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.76 Billion ≈ $256.95 Million |
+5.76% |
| 2023-12-31 | CN¥1.66 Billion ≈ $242.95 Million |
+34.44% |
| 2022-12-31 | CN¥1.23 Billion ≈ $180.71 Million |
+12.15% |
| 2021-12-31 | CN¥1.10 Billion ≈ $161.13 Million |
+21.93% |
| 2020-12-31 | CN¥903.09 Million ≈ $132.15 Million |
+36.95% |
| 2019-12-31 | CN¥659.45 Million ≈ $96.50 Million |
+88.11% |
| 2018-12-31 | CN¥350.57 Million ≈ $51.30 Million |
+0.28% |
| 2017-12-31 | CN¥349.60 Million ≈ $51.16 Million |
+65.12% |
| 2016-12-31 | CN¥211.72 Million ≈ $30.98 Million |
+14.51% |
| 2015-12-31 | CN¥184.89 Million ≈ $27.05 Million |
+12.25% |
| 2014-12-31 | CN¥164.71 Million ≈ $24.10 Million |
+13.51% |
| 2013-12-31 | CN¥145.11 Million ≈ $21.23 Million |
+23.87% |
| 2012-12-31 | CN¥117.14 Million ≈ $17.14 Million |
+17.39% |
| 2011-12-31 | CN¥99.79 Million ≈ $14.60 Million |
+62.92% |
| 2010-12-31 | CN¥61.25 Million ≈ $8.96 Million |
+80.65% |
| 2009-12-31 | CN¥33.91 Million ≈ $4.96 Million |
+252.69% |
| 2008-12-31 | CN¥9.61 Million ≈ $1.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to King-Strong New Material 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 7498.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥558.53 Million | 32.61% |
| Common Stock | CN¥251.42 Million | 14.68% |
| Other Comprehensive Income | CN¥37.56 Million | 2.19% |
| Other Components | CN¥865.19 Million | 50.52% |
| Total Equity | CN¥1.71 Billion | 100.00% |
King-Strong New Material Technology Co Ltd Competitors by Market Cap
The table below lists competitors of King-Strong New Material Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yutong Heavy Industries Co Ltd
SHG:600817
|
$924.76 Million |
|
QITIAN Technology Group Co Ltd
SHE:300061
|
$924.78 Million |
|
Qingdao Tianneng Heavy Industries Co Ltd
SHE:300569
|
$924.87 Million |
|
Fuda Alloy Materials Co Ltd
SHG:603045
|
$925.19 Million |
|
TOA PAINT (THAILAND)
BK:TOA-R
|
$924.49 Million |
|
Esquire Financial Holdings Inc
NASDAQ:ESQ
|
$924.22 Million |
|
Ganzhou Yihao New Materials Co. Ltd. A
SHE:301176
|
$924.03 Million |
|
Haesung DS Co Ltd
KO:195870
|
$923.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in King-Strong New Material Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,625,592,160 to 1,712,705,117, a change of 87,112,957 (5.4%).
- Net income of 120,294,274 contributed positively to equity growth.
- Dividend payments of 26,238,295 reduced retained earnings.
- Share repurchases of 25,097,774 reduced equity.
- Other comprehensive income decreased equity by 12,517,952.
- Other factors increased equity by 30,672,704.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥120.29 Million | +7.02% |
| Dividends Paid | CN¥26.24 Million | -1.53% |
| Share Repurchases | CN¥25.10 Million | -1.47% |
| Other Comprehensive Income | CN¥-12.52 Million | -0.73% |
| Other Changes | CN¥30.67 Million | +1.79% |
| Total Change | CN¥- | 5.36% |
Book Value vs Market Value Analysis
This analysis compares King-Strong New Material 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: 3.39x
- 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 342.37x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.07 | CN¥25.13 | x |
| 2009-12-31 | CN¥0.25 | CN¥25.13 | x |
| 2010-12-31 | CN¥0.48 | CN¥25.13 | x |
| 2011-12-31 | CN¥0.79 | CN¥25.13 | x |
| 2012-12-31 | CN¥0.92 | CN¥25.13 | x |
| 2013-12-31 | CN¥1.14 | CN¥25.13 | x |
| 2014-12-31 | CN¥1.30 | CN¥25.13 | x |
| 2015-12-31 | CN¥1.46 | CN¥25.13 | x |
| 2016-12-31 | CN¥1.68 | CN¥25.13 | x |
| 2017-12-31 | CN¥2.18 | CN¥25.13 | x |
| 2018-12-31 | CN¥2.02 | CN¥25.13 | x |
| 2019-12-31 | CN¥3.72 | CN¥25.13 | x |
| 2020-12-31 | CN¥4.15 | CN¥25.13 | x |
| 2021-12-31 | CN¥4.80 | CN¥25.13 | x |
| 2022-12-31 | CN¥5.16 | CN¥25.13 | x |
| 2023-12-31 | CN¥6.77 | CN¥25.13 | x |
| 2024-12-31 | CN¥7.40 | CN¥25.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently King-Strong New Material 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): 7.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.03%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.22x
- Recent ROE (7.02%) is below the historical average (13.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 26.97% | 2.55% | 1.60x | 6.62x | CN¥1.58 Million |
| 2009 | 36.08% | 10.19% | 1.36x | 2.61x | CN¥8.16 Million |
| 2010 | 29.78% | 12.23% | 0.99x | 2.47x | CN¥12.11 Million |
| 2011 | 21.79% | 12.89% | 0.79x | 2.13x | CN¥11.76 Million |
| 2012 | 17.49% | 10.49% | 0.67x | 2.49x | CN¥8.77 Million |
| 2013 | 19.30% | 10.82% | 0.77x | 2.33x | CN¥13.49 Million |
| 2014 | 11.89% | 7.82% | 0.70x | 2.17x | CN¥3.12 Million |
| 2015 | 11.91% | 9.05% | 0.64x | 2.05x | CN¥3.53 Million |
| 2016 | 12.67% | 10.95% | 0.62x | 1.86x | CN¥5.64 Million |
| 2017 | 7.05% | 9.84% | 0.52x | 1.39x | CN¥-10.32 Million |
| 2018 | 2.18% | 3.73% | 0.43x | 1.37x | CN¥-27.42 Million |
| 2019 | -3.91% | -13.00% | 0.18x | 1.67x | CN¥-91.72 Million |
| 2020 | 5.56% | 15.78% | 0.27x | 1.28x | CN¥-40.07 Million |
| 2021 | 8.81% | 26.93% | 0.27x | 1.20x | CN¥-13.08 Million |
| 2022 | 10.65% | 30.56% | 0.29x | 1.19x | CN¥8.02 Million |
| 2023 | 8.56% | 27.23% | 0.26x | 1.21x | CN¥-23.37 Million |
| 2024 | 7.02% | 25.03% | 0.23x | 1.22x | CN¥-50.98 Million |
Industry Comparison
This section compares King-Strong New Material Technology Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,438,601,019
- Average return on equity (ROE) among peers: 14.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| King-Strong New Material Technology Co Ltd (300629) | CN¥1.75 Billion | 26.97% | 0.19x | $924.56 Million |
| China International Marine Containers Group Ltd (000039) | $15.83 Billion | 6.06% | 1.36x | $4.17 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $173.81 Million | 3.39% | 0.48x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.31 Billion | 2.26% | 0.75x | $411.84 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.73 Billion | 3.33% | 0.42x | $1.17 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $1.81 Billion | 5.91% | 0.16x | $1.60 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $613.74 Million | 27.25% | 0.30x | $1.85 Billion |
| Dajin Heavy Industry Corp (002487) | $127.95 Million | 47.21% | 0.98x | $7.84 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $1.03 Billion | 6.46% | 0.73x | $358.24 Million |
| Guangzheng Group Co Ltd (002524) | $341.38 Million | 10.82% | 4.36x | $332.55 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $435.46 Million | 37.06% | 4.62x | $1.96 Billion |
About King-Strong New Material Technology Co Ltd
Guangdong Kingstrong Technology Co., Ltd. engages in the new materials and electronic business in China. It offers power amplifier and filter modules; launching components; power amplifiers; frequency hopping filter components; TR components; switch co-address filter components; and solid-state transmitter equipment. The company also provides thermal barrier coatings, carbon fiber products, wave … Read more