Focus Lightings Tech Co Ltd (300708) - Net Assets
Based on the latest financial reports, Focus Lightings Tech Co Ltd (300708) has net assets worth CN¥2.87 Billion CNY (≈ $419.44 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.09 Billion ≈ $745.22 Million USD) and total liabilities (CN¥2.23 Billion ≈ $325.77 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 Focus Lightings Tech Co Ltd (300708) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.87 Billion |
| % of Total Assets | 56.28% |
| Annual Growth Rate | 20.44% |
| 5-Year Change | 73.5% |
| 10-Year Change | 510.59% |
| Growth Volatility | 35.25 |
Focus Lightings Tech Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Focus Lightings Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Focus Lightings Tech Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Focus Lightings Tech Co Ltd (2012–2025)
The table below shows the annual net assets of Focus Lightings Tech Co Ltd from 2012 to 2025. For live valuation and market cap data, see market cap of Focus Lightings Tech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.87 Billion ≈ $419.44 Million |
+5.50% |
| 2024-12-31 | CN¥2.72 Billion ≈ $397.56 Million |
-5.77% |
| 2023-12-31 | CN¥2.88 Billion ≈ $421.90 Million |
+78.68% |
| 2022-12-31 | CN¥1.61 Billion ≈ $236.12 Million |
-2.33% |
| 2021-12-31 | CN¥1.65 Billion ≈ $241.75 Million |
+115.80% |
| 2020-12-31 | CN¥765.54 Million ≈ $112.02 Million |
+4.87% |
| 2019-12-31 | CN¥730.01 Million ≈ $106.82 Million |
-0.07% |
| 2018-12-31 | CN¥730.49 Million ≈ $106.89 Million |
+2.41% |
| 2017-12-31 | CN¥713.34 Million ≈ $104.38 Million |
+51.95% |
| 2016-12-31 | CN¥469.44 Million ≈ $68.69 Million |
+12.70% |
| 2015-12-31 | CN¥416.56 Million ≈ $60.96 Million |
+32.79% |
| 2014-12-31 | CN¥313.70 Million ≈ $45.90 Million |
+17.51% |
| 2013-12-31 | CN¥266.95 Million ≈ $39.06 Million |
+4.52% |
| 2012-12-31 | CN¥255.40 Million ≈ $37.37 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 55498703542.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥536.36 Million | 18.75% |
| Common Stock | CN¥938.92 Million | 32.82% |
| Other Comprehensive Income | CN¥202.99 Million | 7.10% |
| Other Components | CN¥1.18 Billion | 41.33% |
| Total Equity | CN¥2.86 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 |
|---|---|
|
Ouster, Inc. Common Stock
NASDAQ:OUST
|
$1.22 Billion |
|
Wonders Information
SHE:300168
|
$1.22 Billion |
|
Asia Optical Co Inc
TW:3019
|
$1.22 Billion |
|
Progress Software Corporation
NASDAQ:PRGS
|
$1.22 Billion |
|
Pan Jit International Inc
TW:2481
|
$1.22 Billion |
|
Zhe Jiang Headman Machinery Co Ltd
SHG:688577
|
$1.22 Billion |
|
Sansteel MinGuang Co Ltd Fujian
SHE:002110
|
$1.22 Billion |
|
Shandong Jinjing Science and Technology Stock Co Ltd
SHG:600586
|
$1.22 Billion |
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 2024 to 2025, total equity changed from 2,716,839,996 to 2,860,617,240, a change of 143,777,244 (5.3%).
- Net income of 205,019,025 contributed positively to equity growth.
- Dividend payments of 102,940,829 reduced retained earnings.
- Other comprehensive income increased equity by 32,688,983.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥205.02 Million | +7.17% |
| Dividends Paid | CN¥102.94 Million | -3.6% |
| Other Comprehensive Income | CN¥32.69 Million | +1.14% |
| Other Changes | CN¥9.01 Million | +0.31% |
| Total Change | CN¥- | 5.29% |
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: 2.27x
- 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 10.28x to 2.27x 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¥8.85 | x |
| 2013-12-31 | CN¥0.90 | CN¥8.85 | x |
| 2014-12-31 | CN¥0.70 | CN¥8.85 | x |
| 2015-12-31 | CN¥0.82 | CN¥8.85 | x |
| 2016-12-31 | CN¥0.92 | CN¥8.85 | x |
| 2017-12-31 | CN¥1.34 | CN¥8.85 | x |
| 2018-12-31 | CN¥1.10 | CN¥8.85 | x |
| 2019-12-31 | CN¥1.03 | CN¥8.85 | x |
| 2020-12-31 | CN¥1.10 | CN¥8.85 | x |
| 2021-12-31 | CN¥2.19 | CN¥8.85 | x |
| 2022-12-31 | CN¥2.11 | CN¥8.85 | x |
| 2023-12-31 | CN¥3.45 | CN¥8.85 | x |
| 2024-12-31 | CN¥2.87 | CN¥8.85 | x |
| 2025-12-31 | CN¥3.91 | CN¥8.85 | 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): 7.17%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.56%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.78x
- Recent ROE (7.17%) is above the historical average (6.34%), 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 | -3.92% | -3.12% | 0.56x | 2.26x | CN¥-224.65 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 |
| 2025 | 7.17% | 6.56% | 0.61x | 1.78x | CN¥-81.04 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: $2,095,615,821
- Average return on equity (ROE) among peers: 6.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Focus Lightings Tech Co Ltd (300708) | CN¥2.87 Billion | 0.17% | 0.78x | $1.22 Billion |
| UniTTEC Co Ltd (000925) | $1.22 Billion | 2.79% | 2.52x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $12.39 Billion | 9.51% | 0.40x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $501.66 Million | 7.47% | 0.41x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $629.45 Million | 7.50% | 0.73x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $710.96 Million | 2.48% | 0.13x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $1.65 Billion | 6.18% | 0.38x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.37 Billion | 4.56% | 0.48x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $1.14 Billion | 5.99% | 0.16x | $81.27 Million |
| Nations Technologies Inc (300077) | $1.09 Billion | 9.56% | 0.85x | $1.97 Billion |
About 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