Focus Lightings Tech Co Ltd
Focus Lightings Tech Co., Ltd. engages in the research and development, production, and sale of compound optoelectronic semiconductor materials in China and internationally. It offers LED epitaxial wafers and chips used for display backlighting, general lighting, and medical aesthetics. The company also provides lighting, display, optoelectronic devices, LED patterned substrates, and ammonia solu… Read more
Focus Lightings Tech Co Ltd (300708) - Net Assets
Latest net assets as of September 2025: CN¥2.82 Billion CNY
Based on the latest financial reports, Focus Lightings Tech Co Ltd (300708) has net assets worth CN¥2.82 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¥5.25 Billion) and total liabilities (CN¥2.43 Billion). 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¥2.82 Billion |
| % of Total Assets | 53.74% |
| Annual Growth Rate | 21.78% |
| 5-Year Change | 254.89% |
| 10-Year Change | 552.21% |
| Growth Volatility | 36.25 |
Focus Lightings Tech Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Focus Lightings Tech 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 Focus Lightings Tech Co Ltd (2012–2024)
The table below shows the annual net assets of Focus Lightings Tech Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.72 Billion | -5.77% |
| 2023-12-31 | CN¥2.88 Billion | +78.68% |
| 2022-12-31 | CN¥1.61 Billion | -2.33% |
| 2021-12-31 | CN¥1.65 Billion | +115.80% |
| 2020-12-31 | CN¥765.54 Million | +4.87% |
| 2019-12-31 | CN¥730.01 Million | -0.07% |
| 2018-12-31 | CN¥730.49 Million | +2.41% |
| 2017-12-31 | CN¥713.34 Million | +51.95% |
| 2016-12-31 | CN¥469.44 Million | +12.70% |
| 2015-12-31 | CN¥416.56 Million | +32.79% |
| 2014-12-31 | CN¥313.70 Million | +17.51% |
| 2013-12-31 | CN¥266.95 Million | +4.52% |
| 2012-12-31 | CN¥255.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Focus Lightings Tech 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 46762741442.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥449.00 Million | 16.53% |
| Common Stock | CN¥676.21 Million | 24.89% |
| Other Comprehensive Income | CN¥170.30 Million | 6.27% |
| Other Components | CN¥1.42 Billion | 52.32% |
| Total Equity | CN¥2.72 Billion | 100.00% |
Focus Lightings Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Focus Lightings Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fentura Financial Inc
OTCQX:FETM
|
$149.71 Million |
|
Aarti Drugs Limited
NSE:AARTIDRUGS
|
$149.72 Million |
|
QST International
TWO:8349
|
$149.74 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$149.80 Million |
|
Risuntek Inc
SHE:002981
|
$149.63 Million |
|
Heliostar Metals Ltd
OTCQX:HSTXF
|
$149.62 Million |
|
Digital Asset Acquisition Corp. Units
NASDAQ:DAAQU
|
$149.56 Million |
|
Heritage Foods Limited
NSE:HERITGFOOD
|
$149.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Focus Lightings Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,883,187,446 to 2,716,839,996, a change of -166,347,450 (-5.8%).
- Net income of 195,593,118 contributed positively to equity growth.
- Dividend payments of 105,627,739 reduced retained earnings.
- Share repurchases of 300,051,520 reduced equity.
- Other comprehensive income increased equity by 170,012,817.
- Other factors decreased equity by 126,274,126.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥195.59 Million | +7.2% |
| Dividends Paid | CN¥105.63 Million | -3.89% |
| Share Repurchases | CN¥300.05 Million | -11.04% |
| Other Comprehensive Income | CN¥170.01 Million | +6.26% |
| Other Changes | CN¥-126.27 Million | -4.65% |
| Total Change | CN¥- | -5.77% |
Book Value vs Market Value Analysis
This analysis compares Focus Lightings Tech 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: 2.48x
- 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 12.02x to 2.48x 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¥0.86 | CN¥10.34 | x |
| 2013-12-31 | CN¥0.90 | CN¥10.34 | x |
| 2014-12-31 | CN¥1.02 | CN¥10.34 | x |
| 2015-12-31 | CN¥1.23 | CN¥10.34 | x |
| 2016-12-31 | CN¥1.01 | CN¥10.34 | x |
| 2017-12-31 | CN¥1.54 | CN¥10.34 | x |
| 2018-12-31 | CN¥1.56 | CN¥10.34 | x |
| 2019-12-31 | CN¥1.58 | CN¥10.34 | x |
| 2020-12-31 | CN¥1.64 | CN¥10.34 | x |
| 2021-12-31 | CN¥3.17 | CN¥10.34 | x |
| 2022-12-31 | CN¥2.96 | CN¥10.34 | x |
| 2023-12-31 | CN¥5.00 | CN¥10.34 | x |
| 2024-12-31 | CN¥4.17 | CN¥10.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Focus Lightings Tech 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): 7.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.09%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.71x
- Recent ROE (7.20%) is above the historical average (6.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.17% | 0.34% | 0.26x | 1.99x | CN¥-25.10 Million |
| 2013 | 4.32% | 6.84% | 0.29x | 2.21x | CN¥-15.15 Million |
| 2014 | 18.18% | 19.28% | 0.39x | 2.43x | CN¥25.68 Million |
| 2015 | 5.62% | 6.66% | 0.39x | 2.19x | CN¥-18.24 Million |
| 2016 | 12.91% | 12.62% | 0.48x | 2.11x | CN¥13.66 Million |
| 2017 | 15.42% | 17.72% | 0.42x | 2.07x | CN¥38.69 Million |
| 2018 | 2.79% | 3.65% | 0.20x | 3.75x | CN¥-52.68 Million |
| 2019 | 1.12% | 0.71% | 0.42x | 3.69x | CN¥-64.86 Million |
| 2020 | 2.79% | 1.52% | 0.53x | 3.47x | CN¥-55.18 Million |
| 2021 | 10.72% | 8.81% | 0.67x | 1.82x | CN¥11.87 Million |
| 2022 | -3.93% | -3.13% | 0.56x | 2.26x | CN¥-224.76 Million |
| 2023 | 4.20% | 4.88% | 0.52x | 1.64x | CN¥-167.17 Million |
| 2024 | 7.20% | 7.09% | 0.60x | 1.71x | CN¥-76.09 Million |
Industry Comparison
This section compares Focus Lightings Tech Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $880,722,789
- Average return on equity (ROE) among peers: -2.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Focus Lightings Tech Co Ltd (300708) | CN¥2.82 Billion | 0.17% | 0.86x | $149.67 Million |
| UniTTEC Co Ltd (000925) | $84.18 Million | 29.84% | 0.80x | $578.87 Million |
| Zhejiang Chengchang Technology Co. Ltd. (001270) | $1.36 Billion | 9.73% | 0.04x | $1.22 Billion |
| Shenzhen Techwinsemi Technology Co. Ltd. (001309) | $28.78 Million | 25.94% | 4.55x | $5.61 Billion |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $2.35 Billion | 11.59% | 0.31x | $6.06 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $3.02 Billion | 7.15% | 0.61x | $693.86 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $799.25 Million |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $565.39 Million |
| Tatwah Smartech Co Ltd (002512) | $109.40 Million | 34.98% | 1.09x | $489.89 Million |
| Chutian Dragon Co Ltd (003040) | $988.34 Million | 12.83% | 0.52x | $512.00 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $17.90 Million | -178.82% | 10.63x | $94.42 Million |