Xinxiang Richful Lube Additive Co. Ltd
Xinxiang Richful Lube Additive Co.,Ltd. engages in the sales of lubricant additive products in China and internationally. The company provides single dose lubricant additives, such as detergent, dispersant, ZDDP, viscosity index improver, and others; and lubricant additives combinations, including automotive oil, industrial oil, agricultural machine oil, and marine oil compounds. It also offers g… Read more
Xinxiang Richful Lube Additive Co. Ltd (300910) - Net Assets
Latest net assets as of September 2025: CN¥3.69 Billion CNY
Based on the latest financial reports, Xinxiang Richful Lube Additive Co. Ltd (300910) has net assets worth CN¥3.69 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¥4.79 Billion) and total liabilities (CN¥1.10 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¥3.69 Billion |
| % of Total Assets | 77.0% |
| Annual Growth Rate | 40.1% |
| 5-Year Change | 62.07% |
| 10-Year Change | N/A |
| Growth Volatility | 46.47 |
Xinxiang Richful Lube Additive Co. Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Xinxiang Richful Lube Additive 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 Xinxiang Richful Lube Additive Co. Ltd (2016–2024)
The table below shows the annual net assets of Xinxiang Richful Lube Additive Co. Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.37 Billion | +6.73% |
| 2023-12-31 | CN¥3.15 Billion | +14.57% |
| 2022-12-31 | CN¥2.75 Billion | +27.56% |
| 2021-12-31 | CN¥2.16 Billion | +3.90% |
| 2020-12-31 | CN¥2.08 Billion | +136.83% |
| 2019-12-31 | CN¥876.99 Million | +99.94% |
| 2018-12-31 | CN¥438.63 Million | +14.82% |
| 2017-12-31 | CN¥382.02 Million | +68.49% |
| 2016-12-31 | CN¥226.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xinxiang Richful Lube Additive 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 4377.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.41 Billion | 42.18% |
| Common Stock | CN¥291.79 Million | 8.72% |
| Other Comprehensive Income | CN¥238.99 Million | 7.15% |
| Other Components | CN¥1.40 Billion | 41.95% |
| Total Equity | CN¥3.34 Billion | 100.00% |
Xinxiang Richful Lube Additive Co. Ltd Competitors by Market Cap
The table below lists competitors of Xinxiang Richful Lube Additive Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ID Logistics SAS
F:1ID
|
$985.43 Million |
|
NBCC (India) Limited
NSE:NBCC
|
$985.67 Million |
|
BORR DRILLING NEW DL -10
F:B2W
|
$985.68 Million |
|
OceanFirst Financial Corp
NASDAQ:OCFC
|
$985.90 Million |
|
IDT Corporation
NYSE:IDT
|
$984.95 Million |
|
MFA Financial Inc
NYSE:MFA
|
$984.59 Million |
|
Brigade Enterprises Limited
NSE:BRIGADE
|
$984.53 Million |
|
BORA PHARMACEUTICALS LTD
TW:6472
|
$983.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinxiang Richful Lube Additive Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,132,106,732 to 3,344,602,539, a change of 212,495,807 (6.8%).
- Net income of 722,487,019 contributed positively to equity growth.
- Dividend payments of 380,384,478 reduced retained earnings.
- Share repurchases of 228,195,256 reduced equity.
- Other comprehensive income increased equity by 101,605,486.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥722.49 Million | +21.6% |
| Dividends Paid | CN¥380.38 Million | -11.37% |
| Share Repurchases | CN¥228.20 Million | -6.82% |
| Other Comprehensive Income | CN¥101.61 Million | +3.04% |
| Other Changes | CN¥-3.02 Million | -0.09% |
| Total Change | CN¥- | 6.78% |
Book Value vs Market Value Analysis
This analysis compares Xinxiang Richful Lube Additive 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: 4.42x
- 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 34.82x to 4.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.47 | CN¥51.33 | x |
| 2017-12-31 | CN¥2.26 | CN¥51.33 | x |
| 2018-12-31 | CN¥2.57 | CN¥51.33 | x |
| 2019-12-31 | CN¥3.08 | CN¥51.33 | x |
| 2020-12-31 | CN¥7.29 | CN¥51.33 | x |
| 2021-12-31 | CN¥7.57 | CN¥51.33 | x |
| 2022-12-31 | CN¥9.49 | CN¥51.33 | x |
| 2023-12-31 | CN¥13.17 | CN¥51.33 | x |
| 2024-12-31 | CN¥11.62 | CN¥51.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinxiang Richful Lube Additive 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): 21.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.88%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.29x
- Recent ROE (21.60%) is above the historical average (14.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 15.00% | 10.69% | 1.09x | 1.29x | CN¥11.33 Million |
| 2017 | 11.85% | 9.72% | 1.02x | 1.19x | CN¥7.08 Million |
| 2018 | 12.90% | 10.67% | 1.01x | 1.20x | CN¥12.74 Million |
| 2019 | 11.22% | 14.98% | 0.69x | 1.09x | CN¥10.66 Million |
| 2020 | 8.80% | 21.24% | 0.37x | 1.11x | CN¥-24.83 Million |
| 2021 | 9.32% | 18.60% | 0.44x | 1.14x | CN¥-14.75 Million |
| 2022 | 21.47% | 19.31% | 0.90x | 1.24x | CN¥314.23 Million |
| 2023 | 19.36% | 21.54% | 0.75x | 1.21x | CN¥293.27 Million |
| 2024 | 21.60% | 22.88% | 0.73x | 1.29x | CN¥388.03 Million |
Industry Comparison
This section compares Xinxiang Richful Lube Additive Co. Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,201,823,203
- Average return on equity (ROE) among peers: 6.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinxiang Richful Lube Additive Co. Ltd (300910) | CN¥3.69 Billion | 15.00% | 0.30x | $985.25 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $577.65 Million | 10.01% | 0.83x | $291.58 Million |
| Hengyi Petrochemical Co Ltd (000703) | $6.99 Billion | 4.49% | 2.04x | $1.50 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.46 Billion | 0.74% | 0.82x | $375.65 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $2.40 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $191.02 Million | 12.96% | 1.30x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.65 Billion | 5.07% | 0.31x | $943.36 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.02 Billion | -16.67% | 2.80x | $866.00 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $341.43 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $293.63 Million | 29.71% | 0.73x | $174.80 Million |
| Guangdong Decro Film New (001378) | $1.89 Billion | 4.91% | 0.20x | $240.59 Million |