Meter Instruments Co. Ltd Net Assets
Meter Instruments Co. Ltd net assets. Based on the latest financial reports, Meter Instruments Co. Ltd (301006) has net assets worth CN¥1.28 Billion CNY (≈ $186.88 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¥1.47 Billion ≈ $214.53 Million USD) and total liabilities (CN¥189.00 Million ≈ $27.66 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 Meter Instruments Co. Ltd annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.28 Billion |
| % of Total Assets | 87.11% |
| Annual Growth Rate | 33.89% |
| 5-Year Change | 124.25% |
| 10-Year Change | N/A |
| Growth Volatility | 32.92 |
Net Assets of Meter Instruments Co. Ltd (2016–2024)
Net assets of Meter Instruments Co. Ltd from 2016 to 2024. This chart illustrates how Meter Instruments Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 301006 equity to assets ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Meter Instruments Co. Ltd (2016–2024)
The table below shows the annual net assets of Meter Instruments Co. Ltd from 2016 to 2024. For live market cap and overall valuation, see Meter Instruments Co. Ltd (301006) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.25 Billion ≈ $182.55 Million |
+1.62% |
| 2023-12-31 | CN¥1.23 Billion ≈ $179.64 Million |
+5.64% |
| 2022-12-31 | CN¥1.16 Billion ≈ $170.04 Million |
+7.69% |
| 2021-12-31 | CN¥1.08 Billion ≈ $157.90 Million |
+93.98% |
| 2020-12-31 | CN¥556.30 Million ≈ $81.40 Million |
+36.02% |
| 2019-12-31 | CN¥408.99 Million ≈ $59.85 Million |
+32.01% |
| 2018-12-31 | CN¥309.82 Million ≈ $45.34 Million |
+38.66% |
| 2017-12-31 | CN¥223.44 Million ≈ $32.70 Million |
+85.02% |
| 2016-12-31 | CN¥120.77 Million ≈ $17.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Meter Instruments 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 713.4% over the analyzed period, indicating profitable operations and earnings retention.
Meter Instruments Co. Ltd Net Assets Breakdown (December 2024)
Meter Instruments Co. Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥500.86 Million | 40.15% |
| Common Stock | CN¥139.28 Million | 11.16% |
| Other Comprehensive Income | CN¥85.73 Million | 6.87% |
| Other Components | CN¥521.62 Million | 41.81% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Meter Instruments Co. Ltd Competitors by Market Cap
The table below lists competitors of Meter Instruments Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Springsnow Food Group Co Ltd
SHG:605567
|
$238.49 Million |
|
Sam Yung Tradi
KO:002810
|
$238.81 Million |
|
Activate Energy Acquisition Corp. Class A Ordinary Share
NASDAQ:AEAQ
|
$238.81 Million |
|
Ocean Plastics Co Ltd
TW:1321
|
$238.83 Million |
|
PetroVietnam Power Nhon Trach 2 JSC
VN:NT2
|
$238.44 Million |
|
First Savings Financial Group Inc
NASDAQ:FSFG
|
$238.37 Million |
|
Is Finansal Kiralama AS
IS:ISFIN
|
$238.27 Million |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
$238.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meter Instruments Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,227,627,291 to 1,247,497,483, a change of 19,870,192 (1.6%).
- Net income of 79,202,518 contributed positively to equity growth.
- Dividend payments of 41,783,959 reduced retained earnings.
- Share repurchases of 20,095,028 reduced equity.
- Other comprehensive income increased equity by 19,184,166.
- Other factors decreased equity by 16,637,505.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥79.20 Million | +6.35% |
| Dividends Paid | CN¥41.78 Million | -3.35% |
| Share Repurchases | CN¥20.10 Million | -1.61% |
| Other Comprehensive Income | CN¥19.18 Million | +1.54% |
| Other Changes | CN¥-16.64 Million | -1.33% |
| Total Change | CN¥- | 1.62% |
Book Value vs Market Value Analysis
This analysis compares Meter Instruments 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: 1.28x
- 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 9.69x to 1.28x 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¥1.21 | CN¥11.70 | x |
| 2017-12-31 | CN¥2.77 | CN¥11.70 | x |
| 2018-12-31 | CN¥2.98 | CN¥11.70 | x |
| 2019-12-31 | CN¥2.94 | CN¥11.70 | x |
| 2020-12-31 | CN¥3.99 | CN¥11.70 | x |
| 2021-12-31 | CN¥7.75 | CN¥11.70 | x |
| 2022-12-31 | CN¥8.34 | CN¥11.70 | x |
| 2023-12-31 | CN¥8.81 | CN¥11.70 | x |
| 2024-12-31 | CN¥9.11 | CN¥11.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meter Instruments 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): 6.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.10%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.14x
- Recent ROE (6.35%) is below the historical average (17.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 28.62% | 37.67% | 0.37x | 2.04x | CN¥22.49 Million |
| 2017 | 9.73% | 17.91% | 0.47x | 1.17x | CN¥-596.85K |
| 2018 | 23.48% | 38.55% | 0.51x | 1.19x | CN¥41.76 Million |
| 2019 | 30.74% | 40.05% | 0.59x | 1.31x | CN¥84.81 Million |
| 2020 | 31.33% | 41.45% | 0.61x | 1.24x | CN¥118.65 Million |
| 2021 | 12.99% | 34.29% | 0.34x | 1.13x | CN¥32.23 Million |
| 2022 | 9.39% | 30.45% | 0.27x | 1.14x | CN¥-7.06 Million |
| 2023 | 9.15% | 29.39% | 0.27x | 1.14x | CN¥-10.49 Million |
| 2024 | 6.35% | 22.10% | 0.25x | 1.14x | CN¥-45.55 Million |
Industry Comparison
This section compares Meter Instruments Co. Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,194,081,674
- Average return on equity (ROE) among peers: 13.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meter Instruments Co. Ltd (301006) | CN¥1.28 Billion | 28.62% | 0.15x | $238.46 Million |
| XJ Electric Co Ltd (000400) | $2.76 Billion | 5.32% | 1.09x | $3.70 Billion |
| Guangdong Macro Co Ltd (000533) | $627.50 Million | 10.89% | 1.21x | $870.37 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $1.97 Billion | 10.42% | 0.19x | $899.68 Million |
| Dongfang Electronics Co Ltd (000682) | $275.30 Million | 25.65% | 0.27x | $1.88 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.54 Billion | 2.10% | 1.51x | $571.84 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $8.82 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.12 Billion |
| Sieyuan Electric Co Ltd (002028) | $2.82 Billion | 5.45% | 0.34x | $12.47 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $443.54 Million |
| Gotion High tech Co Ltd (002074) | $105.54 Million | 20.87% | 1.30x | $6.27 Billion |
About Meter Instruments Co. Ltd
Meter Instruments Co., Ltd. engages in the research, development, production, and sale of intelligent ultrasonic water meters and heat meters in China and internationally. It offers ultrasonic water meters, ultrasonic heat meters, flow balance valves, data concentrators, intelligent control valves, smart flow meters, fire hydrant products, and related accessories. The company also provides consta… Read more