Shandong Astro-century Education&Technology Co Ltd (300654) - Net Assets
Based on the latest financial reports, Shandong Astro-century Education&Technology Co Ltd (300654) has net assets worth CN¥865.95 Million CNY (≈ $126.72 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¥1.18 Billion ≈ $172.78 Million USD) and total liabilities (CN¥314.82 Million ≈ $46.07 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 300654 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥865.95 Million |
| % of Total Assets | 73.34% |
| Annual Growth Rate | 16.37% |
| 5-Year Change | 71.88% |
| 10-Year Change | 299.36% |
| Growth Volatility | 21.24 |
Shandong Astro-century Education&Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Shandong Astro-century Education&Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shandong Astro-century Education&Technol for the complete picture of this company's asset base.
Annual Net Assets for Shandong Astro-century Education&Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Shandong Astro-century Education&Technology Co Ltd from 2013 to 2024. For live valuation and market cap data, see 300654 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥862.58 Million ≈ $126.22 Million |
+3.16% |
| 2023-12-31 | CN¥836.14 Million ≈ $122.35 Million |
+5.74% |
| 2022-12-31 | CN¥790.72 Million ≈ $115.71 Million |
+51.16% |
| 2021-12-31 | CN¥523.11 Million ≈ $76.55 Million |
+4.24% |
| 2020-12-31 | CN¥501.85 Million ≈ $73.44 Million |
+4.89% |
| 2019-12-31 | CN¥478.48 Million ≈ $70.02 Million |
+5.69% |
| 2018-12-31 | CN¥452.73 Million ≈ $66.25 Million |
+6.34% |
| 2017-12-31 | CN¥425.74 Million ≈ $62.30 Million |
+70.92% |
| 2016-12-31 | CN¥249.08 Million ≈ $36.45 Million |
+15.32% |
| 2015-12-31 | CN¥215.99 Million ≈ $31.61 Million |
+18.64% |
| 2014-12-31 | CN¥182.06 Million ≈ $26.64 Million |
+11.91% |
| 2013-12-31 | CN¥162.68 Million ≈ $23.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Astro-century Education&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 5623.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥242.11 Million | 28.56% |
| Common Stock | CN¥366.05 Million | 43.17% |
| Other Components | CN¥239.71 Million | 28.27% |
| Total Equity | CN¥847.87 Million | 100.00% |
Shandong Astro-century Education&Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Astro-century Education&Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
YeaShin International Development Co Ltd
TWO:5213
|
$587.44 Million |
|
WashTec AG
XETRA:WSU
|
$587.48 Million |
|
Zinwell Corporation
TW:2485
|
$587.53 Million |
|
Longjian Road & Bridge Co Ltd
SHG:600853
|
$587.60 Million |
|
Dayang Enterprise Holdings Bhd
KLSE:5141
|
$587.17 Million |
|
Ares Acquisition Corporation II
NYSE:AACT
|
$587.05 Million |
|
Petpal Pet Nutrition Technology Co Ltd
SHE:300673
|
$586.96 Million |
|
Shandong Xingmin Wheel Co Ltd
SHE:002355
|
$586.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Astro-century Education&Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 821,142,655 to 847,869,725, a change of 26,727,070 (3.3%).
- Net income of 42,936,397 contributed positively to equity growth.
- Dividend payments of 21,516,463 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥42.94 Million | +5.06% |
| Dividends Paid | CN¥21.52 Million | -2.54% |
| Other Changes | CN¥5.31 Million | +0.63% |
| Total Change | CN¥- | 3.25% |
Book Value vs Market Value Analysis
This analysis compares Shandong Astro-century Education&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: 4.63x
- 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 15.87x to 4.63x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.69 | CN¥10.96 | x |
| 2014-12-31 | CN¥1.33 | CN¥10.96 | x |
| 2015-12-31 | CN¥0.92 | CN¥10.96 | x |
| 2016-12-31 | CN¥1.08 | CN¥10.96 | x |
| 2017-12-31 | CN¥1.72 | CN¥10.96 | x |
| 2018-12-31 | CN¥1.46 | CN¥10.96 | x |
| 2019-12-31 | CN¥1.52 | CN¥10.96 | x |
| 2020-12-31 | CN¥1.57 | CN¥10.96 | x |
| 2021-12-31 | CN¥1.65 | CN¥10.96 | x |
| 2022-12-31 | CN¥2.18 | CN¥10.96 | x |
| 2023-12-31 | CN¥2.33 | CN¥10.96 | x |
| 2024-12-31 | CN¥2.37 | CN¥10.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Astro-century Education&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): 5.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.09%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.33x
- Recent ROE (5.06%) is below the historical average (9.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.78% | 10.03% | 0.89x | 2.10x | CN¥14.13 Million |
| 2014 | 11.58% | 6.37% | 0.82x | 2.23x | CN¥2.88 Million |
| 2015 | 15.71% | 8.82% | 0.89x | 2.01x | CN¥12.34 Million |
| 2016 | 12.60% | 8.25% | 0.82x | 1.87x | CN¥6.47 Million |
| 2017 | 7.38% | 8.23% | 0.60x | 1.50x | CN¥-11.13 Million |
| 2018 | 7.12% | 8.34% | 0.59x | 1.44x | CN¥-12.86 Million |
| 2019 | 7.14% | 8.71% | 0.54x | 1.53x | CN¥-13.44 Million |
| 2020 | 6.74% | 9.31% | 0.48x | 1.50x | CN¥-16.06 Million |
| 2021 | 6.76% | 8.42% | 0.53x | 1.51x | CN¥-16.60 Million |
| 2022 | 4.58% | 8.23% | 0.42x | 1.34x | CN¥-42.10 Million |
| 2023 | 5.16% | 8.34% | 0.45x | 1.37x | CN¥-39.78 Million |
| 2024 | 5.06% | 8.09% | 0.47x | 1.33x | CN¥-41.85 Million |
Industry Comparison
This section compares Shandong Astro-century Education&Technology Co Ltd's net assets metrics with peer companies in the Education & Training Services industry.
Industry Context
- Industry: Education & Training Services
- Average net assets among peers: $494,248,392
- Average return on equity (ROE) among peers: -1.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Astro-century Education&Technology Co Ltd (300654) | CN¥865.95 Million | 18.78% | 0.36x | $587.19 Million |
| Xiamen Insight Investment Co Ltd (000526) | $415.48 Million | -129.68% | 7.34x | $619.84 Million |
| Offcn Education Technology Co Ltd (002607) | $724.54 Million | 25.35% | 7.99x | $2.39 Billion |
| Qtone Education Group Guangdong Ltd (300359) | $61.77 Million | 44.50% | 0.16x | $463.38 Million |
| COL Digital Publishing Group Co Ltd (300364) | $1.21 Billion | -29.86% | 0.54x | $3.07 Billion |
| Chengdu Jafaantai Technology Co Ltd (300559) | $582.56 Million | 10.60% | 0.11x | $816.71 Million |
| Nanjing University Environmental (300864) | $90.66 Million | 49.22% | 1.20x | $514.60 Million |
| Shanghai Xin Nanyang Co Ltd (600661) | $653.11 Million | -38.04% | 2.83x | $427.70 Million |
| China Hi-Tech Group Co Ltd (600730) | $408.42 Million | 7.46% | 1.50x | $770.04 Million |
| Eastern Pioneer Auto Driving S (603377) | $299.67 Million | 49.05% | 1.50x | $383.94 Million |
About Shandong Astro-century Education&Technology Co Ltd
Astro-century Education&Technology Co.,Ltd engages in planning, design, production, and distribution of supplementary teaching books for primary, junior high and high schools in China. It offers teaching supplementary books such as synchronous learning, test preparation, special topics, tool references, teaching and research lesson plans, etc. The company also provides bookstore, online and offli… Read more