Tecnon Fujian Commercial Lighting Co Ltd
Tecnon Electronics Co., Ltd. engages in the commercial lighting and semiconductor design and distribution businesses in China. Its product portfolio primarily includes LED track spotlights, LED downlights, LED line lights, LED displays, and LED signage product, as well as other value-added services for retail stores, hotel chains, supermarkets, and offices. The company also offers semiconductor d… Read more
Tecnon Fujian Commercial Lighting Co Ltd (300650) - Net Assets
Latest net assets as of September 2025: CN¥1.30 Billion CNY
Based on the latest financial reports, Tecnon Fujian Commercial Lighting Co Ltd (300650) has net assets worth CN¥1.30 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¥2.11 Billion) and total liabilities (CN¥812.45 Million). 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¥1.30 Billion |
| % of Total Assets | 61.52% |
| Annual Growth Rate | 27.31% |
| 5-Year Change | 119.73% |
| 10-Year Change | 582.75% |
| Growth Volatility | 34.46 |
Tecnon Fujian Commercial Lighting Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Tecnon Fujian Commercial Lighting 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 Tecnon Fujian Commercial Lighting Co Ltd (2012–2024)
The table below shows the annual net assets of Tecnon Fujian Commercial Lighting Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.27 Billion | +3.48% |
| 2023-12-31 | CN¥1.22 Billion | +7.67% |
| 2022-12-31 | CN¥1.14 Billion | +1.57% |
| 2021-12-31 | CN¥1.12 Billion | +94.16% |
| 2020-12-31 | CN¥575.79 Million | +5.27% |
| 2019-12-31 | CN¥546.94 Million | +4.98% |
| 2018-12-31 | CN¥520.98 Million | +10.00% |
| 2017-12-31 | CN¥473.63 Million | +108.19% |
| 2016-12-31 | CN¥227.50 Million | +22.77% |
| 2015-12-31 | CN¥185.30 Million | +43.22% |
| 2014-12-31 | CN¥129.38 Million | +29.94% |
| 2013-12-31 | CN¥99.57 Million | +42.67% |
| 2012-12-31 | CN¥69.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tecnon Fujian Commercial Lighting 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 22127.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥486.64 Million | 39.06% |
| Common Stock | CN¥218.30 Million | 17.52% |
| Other Comprehensive Income | CN¥70.43 Million | 5.65% |
| Other Components | CN¥470.64 Million | 37.77% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Tecnon Fujian Commercial Lighting Co Ltd Competitors by Market Cap
The table below lists competitors of Tecnon Fujian Commercial Lighting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Happy Forgings Limited
NSE:HAPPYFORGE
|
$301.15 Million |
|
Infinity Capital Investments S.A.
RO:INFINITY
|
$301.18 Million |
|
The Hackett Group Inc
NASDAQ:HCKT
|
$301.29 Million |
|
AGORA INC. SP.ADS/4 CL.A
F:9AG1
|
$301.36 Million |
|
SUNIC SYSTEM Co. Ltd
KQ:171090
|
$301.04 Million |
|
Jaya Sukses Makmur Sentosa Tbk PT
JK:RISE
|
$300.92 Million |
|
Mega First Corporation Bhd
KLSE:3069
|
$300.74 Million |
|
Oriental Holdings Bhd
KLSE:4006
|
$300.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tecnon Fujian Commercial Lighting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,194,395,239 to 1,246,000,643, a change of 51,605,404 (4.3%).
- Net income of 51,162,221 contributed positively to equity growth.
- Dividend payments of 29,834,781 reduced retained earnings.
- Other comprehensive income increased equity by 10,533,290.
- Other factors increased equity by 19,744,674.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥51.16 Million | +4.11% |
| Dividends Paid | CN¥29.83 Million | -2.39% |
| Other Comprehensive Income | CN¥10.53 Million | +0.85% |
| Other Changes | CN¥19.74 Million | +1.58% |
| Total Change | CN¥- | 4.32% |
Book Value vs Market Value Analysis
This analysis compares Tecnon Fujian Commercial Lighting 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: 2.94x
- 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 31.50x to 2.94x 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¥0.53 | CN¥16.80 | x |
| 2013-12-31 | CN¥0.76 | CN¥16.80 | x |
| 2014-12-31 | CN¥0.99 | CN¥16.80 | x |
| 2015-12-31 | CN¥1.41 | CN¥16.80 | x |
| 2016-12-31 | CN¥1.65 | CN¥16.80 | x |
| 2017-12-31 | CN¥2.79 | CN¥16.80 | x |
| 2018-12-31 | CN¥2.77 | CN¥16.80 | x |
| 2019-12-31 | CN¥2.92 | CN¥16.80 | x |
| 2020-12-31 | CN¥3.07 | CN¥16.80 | x |
| 2021-12-31 | CN¥5.53 | CN¥16.80 | x |
| 2022-12-31 | CN¥5.17 | CN¥16.80 | x |
| 2023-12-31 | CN¥5.86 | CN¥16.80 | x |
| 2024-12-31 | CN¥5.71 | CN¥16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tecnon Fujian Commercial Lighting 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): 4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 1.24x
- • Equity Multiplier: 1.67x
- Recent ROE (4.11%) is below the historical average (14.35%), 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 | 35.69% | 14.18% | 1.24x | 2.03x | CN¥17.93 Million |
| 2013 | 29.91% | 15.19% | 1.11x | 1.77x | CN¥19.83 Million |
| 2014 | 22.36% | 13.56% | 1.02x | 1.62x | CN¥15.85 Million |
| 2015 | 19.41% | 14.41% | 0.98x | 1.37x | CN¥17.31 Million |
| 2016 | 18.44% | 15.22% | 0.89x | 1.37x | CN¥19.03 Million |
| 2017 | 10.98% | 15.23% | 0.52x | 1.38x | CN¥4.58 Million |
| 2018 | 11.24% | 11.78% | 0.63x | 1.52x | CN¥6.33 Million |
| 2019 | 9.82% | 9.23% | 0.67x | 1.58x | CN¥-933.08K |
| 2020 | 4.79% | 2.35% | 0.63x | 3.23x | CN¥-28.91 Million |
| 2021 | 11.27% | 2.49% | 2.11x | 2.15x | CN¥13.87 Million |
| 2022 | 4.90% | 1.69% | 1.53x | 1.90x | CN¥-56.68 Million |
| 2023 | 3.59% | 1.62% | 1.28x | 1.73x | CN¥-76.60 Million |
| 2024 | 4.11% | 1.99% | 1.24x | 1.67x | CN¥-73.44 Million |
Industry Comparison
This section compares Tecnon Fujian Commercial Lighting 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: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tecnon Fujian Commercial Lighting Co Ltd (300650) | CN¥1.30 Billion | 35.69% | 0.63x | $301.13 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |