Minami Acoustics Ltd. A (301383) - Net Assets
Based on the latest financial reports, Minami Acoustics Ltd. A (301383) has net assets worth CN¥2.02 Billion CNY (≈ $295.45 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.79 Billion ≈ $408.69 Million USD) and total liabilities (CN¥773.84 Million ≈ $113.24 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 Minami Acoustics Ltd. A (301383) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.02 Billion |
| % of Total Assets | 72.29% |
| Annual Growth Rate | 68.47% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 120.34 |
Minami Acoustics Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Minami Acoustics Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Minami Acoustics Ltd. A for the complete picture of this company's asset base.
Annual Net Assets for Minami Acoustics Ltd. A (2021–2024)
The table below shows the annual net assets of Minami Acoustics Ltd. A from 2021 to 2024. For live valuation and market cap data, see market value of Minami Acoustics Ltd. A.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.07 Billion ≈ $302.31 Million |
+10.46% |
| 2023-12-31 | CN¥1.87 Billion ≈ $273.69 Million |
+269.10% |
| 2022-12-31 | CN¥506.74 Million ≈ $74.15 Million |
+17.32% |
| 2021-12-31 | CN¥431.93 Million ≈ $63.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Minami Acoustics Ltd. A'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 237.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥485.57 Million | 23.56% |
| Other Components | CN¥1.58 Billion | 76.44% |
| Total Equity | CN¥2.06 Billion | 100.00% |
Minami Acoustics Ltd. A Competitors by Market Cap
The table below lists competitors of Minami Acoustics Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SP Group A/S
CO:SPG
|
$688.25 Million |
|
Beijing Scitop Bio Tech Co Ltd
SHE:300858
|
$688.25 Million |
|
Paramount Global Class A
NASDAQ:PARAA
|
$688.28 Million |
|
Autoneum Holding AG
SW:AUTN
|
$688.43 Million |
|
Merry Electronics Co Ltd
TW:2439
|
$687.92 Million |
|
Linkage Software Co Ltd
SHG:688588
|
$687.77 Million |
|
Nantong Guosheng Intelligence Technology Group Co Ltd
SHG:688558
|
$687.64 Million |
|
Enghouse Systems Ltd
TO:ENGH
|
$687.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minami Acoustics Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,866,503,509 to 2,061,005,123, a change of 194,501,614 (10.4%).
- Net income of 211,750,175 contributed positively to equity growth.
- Dividend payments of 41,892,906 reduced retained earnings.
- Other factors increased equity by 24,644,346.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥211.75 Million | +10.27% |
| Dividends Paid | CN¥41.89 Million | -2.03% |
| Other Changes | CN¥24.64 Million | +1.2% |
| Total Change | CN¥- | 10.42% |
Book Value vs Market Value Analysis
This analysis compares Minami Acoustics Ltd. A'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 8.18x 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 |
|---|---|---|---|
| 2021-12-31 | CN¥3.52 | CN¥28.78 | x |
| 2022-12-31 | CN¥4.12 | CN¥28.78 | x |
| 2023-12-31 | CN¥11.47 | CN¥28.78 | x |
| 2024-12-31 | CN¥12.65 | CN¥28.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minami Acoustics Ltd. A 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): 10.27%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.51%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.34x
- Recent ROE (10.27%) is below the historical average (15.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 30.67% | 9.34% | 1.47x | 2.23x | CN¥88.78 Million |
| 2022 | 13.28% | 5.94% | 1.02x | 2.19x | CN¥16.53 Million |
| 2023 | 7.29% | 7.75% | 0.69x | 1.37x | CN¥-50.55 Million |
| 2024 | 10.27% | 9.51% | 0.81x | 1.34x | CN¥5.65 Million |
Industry Comparison
This section compares Minami Acoustics Ltd. A's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $1,674,244,189
- Average return on equity (ROE) among peers: 6.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minami Acoustics Ltd. A (301383) | CN¥2.02 Billion | 30.67% | 0.38x | $687.99 Million |
| Konka Group Co Ltd (000016) | $4.30 Billion | 1.22% | 2.90x | $756.97 Million |
| Tianma Microelectronics Co Ltd (000050) | $2.49 Billion | 2.83% | 2.20x | $2.74 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.15 Billion | 7.22% | 1.30x | $1.17 Billion |
| Soyea Technology Co Ltd (000909) | $531.73 Million | 0.67% | 0.46x | $298.48 Million |
| Guoguang Electric Co Ltd (002045) | $1.99 Billion | 2.02% | 1.43x | $928.45 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $3.30 Billion | 11.56% | 0.45x | $4.51 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $601.18 Million | 4.47% | 0.09x | $318.38 Million |
| Goertek Inc (002241) | $75.51 Million | 19.36% | 1.39x | $12.71 Billion |
| Edifier Technology Co Ltd (002351) | $1.78 Billion | 6.54% | 0.13x | $1.45 Billion |
| Guangzhou Echom Sci&Tech Co Ltd (002420) | $526.42 Million | 13.50% | 1.36x | $440.55 Million |
About Minami Acoustics Ltd. A
Minami Acoustics Limited engages in the research, development, production, and sale of electro-acoustic components and devices in China. The company offers TWS/OWS, headphones, bluetooth speakers/sound bars, gaming/in-car entertainment microphones, OWS audio, birdbath/diffractive waveguide, AR interaction, hearing aids, smart rings, and moxibustion therapy audio products. It also provides esports… Read more