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¥870.14 Million CNY (≈ $127.33 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¥1.12 Billion ≈ $164.54 Million USD) and total liabilities (CN¥254.31 Million ≈ $37.21 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. Also explore Shandong Astro-century Education&Technol balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥870.14 Million |
| % of Total Assets | 77.38% |
| Annual Growth Rate | 14.93% |
| 5-Year Change | 65.25% |
| 10-Year Change | 247.05% |
| Growth Volatility | 20.92 |
Shandong Astro-century Education&Technology Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Shandong Astro-century Education&Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 300654 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shandong Astro-century Education&Technology Co Ltd (2013–2025)
The table below shows the annual net assets of Shandong Astro-century Education&Technology Co Ltd from 2013 to 2025. For live valuation and market cap data, see Shandong Astro-century Education&Technol market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥864.44 Million ≈ $126.49 Million |
+0.22% |
| 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 5672.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥244.19 Million | 28.63% |
| Other Components | CN¥608.70 Million | 71.37% |
| Total Equity | CN¥852.89 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 |
|---|---|
|
Changshu Automotive Trim Co
SHG:603035
|
$595.05 Million |
|
DongHua Testing Technology Co Ltd
SHE:300354
|
$595.07 Million |
|
Shanghai Golden Bridge
SHG:603918
|
$595.17 Million |
|
CoAsia Microelectronics
TWO:8096
|
$595.20 Million |
|
COPLAND ROAD CAPITAL NEW
F:A2P
|
$594.67 Million |
|
Guangdong Great River Smarter Logistics Co Ltd Class A
SHE:002930
|
$594.47 Million |
|
Bank Bukopin Tbk
JK:BBKP
|
$594.44 Million |
|
Sichuan Guoguang Agrochemical Co Ltd
SHE:002749
|
$594.40 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 2024 to 2025, total equity changed from 847,869,725 to 852,890,863, a change of 5,021,138 (0.6%).
- Net income of 24,981,983 contributed positively to equity growth.
- Dividend payments of 20,136,867 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥24.98 Million | +2.93% |
| Dividends Paid | CN¥20.14 Million | -2.36% |
| Other Changes | CN¥176.02K | +0.02% |
| Total Change | CN¥- | 0.59% |
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: 4.76x
- 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 16.07x to 4.76x 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¥11.10 | x |
| 2014-12-31 | CN¥1.33 | CN¥11.10 | x |
| 2015-12-31 | CN¥0.92 | CN¥11.10 | x |
| 2016-12-31 | CN¥1.08 | CN¥11.10 | x |
| 2017-12-31 | CN¥1.72 | CN¥11.10 | x |
| 2018-12-31 | CN¥1.46 | CN¥11.10 | x |
| 2019-12-31 | CN¥1.52 | CN¥11.10 | x |
| 2020-12-31 | CN¥1.57 | CN¥11.10 | x |
| 2021-12-31 | CN¥1.65 | CN¥11.10 | x |
| 2022-12-31 | CN¥2.18 | CN¥11.10 | x |
| 2023-12-31 | CN¥2.33 | CN¥11.10 | x |
| 2024-12-31 | CN¥2.37 | CN¥11.10 | x |
| 2025-12-31 | CN¥2.33 | CN¥11.10 | 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): 2.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.92%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.32x
- Recent ROE (2.93%) is below the historical average (8.58%), 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 |
| 2025 | 2.93% | 4.92% | 0.45x | 1.32x | CN¥-60.31 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: $956,692,114
- Average return on equity (ROE) among peers: 17.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Astro-century Education&Technology Co Ltd (300654) | CN¥870.14 Million | 18.78% | 0.29x | $594.69 Million |
| Xiamen Insight Investment Co Ltd (000526) | $65.51 Million | 37.22% | 53.73x | $625.91 Million |
| Offcn Education Technology Co Ltd (002607) | $2.99 Billion | 38.61% | 1.43x | $1.93 Billion |
| Qtone Education Group Guangdong Ltd (300359) | $812.27 Million | 0.79% | 0.30x | $417.04 Million |
| Chengdu Jafaantai Technology Co Ltd (300559) | $582.56 Million | 10.60% | 0.11x | $683.42 Million |
| Nanjing University Environmental (300864) | $214.94 Million | 51.12% | 1.05x | $427.95 Million |
| Shanghai Xin Nanyang Co Ltd (600661) | $128.85 Million | -37.71% | 12.15x | $392.89 Million |
| China Hi-Tech Group Co Ltd (600730) | $1.98 Billion | 0.94% | 0.16x | $882.50 Million |
| Eastern Pioneer Auto Driving S (603377) | $881.25 Million | 37.34% | 0.90x | $296.27 Million |
| Shanghai Action Education Technology CO.LTD. (605098) | $962.48 Million | 22.80% | 1.18x | $1.05 Billion |
About Shandong Astro-century Education&Technology Co Ltd
Astro-century Education&Technology Co.,Ltd, together with its subsidiaries, engages in the planning, design, production, and distribution of educational supplementary books for the K-12 basic education stage in China. The company publishes various educational books for primary, junior high, and senior high schools, including high school synchronous and review series, junior high school synchronou… Read more