Minami Acoustics Ltd. A (301383) - Net Assets
Based on the latest financial reports, Minami Acoustics Ltd. A (301383) has net assets worth CN¥1.95 Billion CNY (≈ $285.47 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.50 Billion ≈ $366.46 Million USD) and total liabilities (CN¥553.42 Million ≈ $80.98 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 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.95 Billion |
| % of Total Assets | 77.9% |
| Annual Growth Rate | 46.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 113.37 |
Minami Acoustics Ltd. A - Net Assets Trend (2021–2025)
This chart illustrates how Minami Acoustics Ltd. A's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Minami Acoustics Ltd. A to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Minami Acoustics Ltd. A (2021–2025)
The table below shows the annual net assets of Minami Acoustics Ltd. A from 2021 to 2025. For live valuation and market cap data, see market value of Minami Acoustics Ltd. A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.98 Billion ≈ $289.91 Million |
-4.10% |
| 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 169.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥387.63 Million | 19.57% |
| Other Components | CN¥1.59 Billion | 80.43% |
| Total Equity | CN¥1.98 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 |
|---|---|
|
Jiangsu Alcha Aluminium Co Ltd
SHE:002160
|
$658.92 Million |
|
Zhejiang Meishuo Electric Technology Co. Ltd. A
SHE:301295
|
$659.19 Million |
|
Invengo Information Technology Co Ltd
SHE:002161
|
$659.24 Million |
|
Kim Loong Resources Bhd
KLSE:5027
|
$659.31 Million |
|
Shandong Xiantan Co Ltd
SHE:002746
|
$658.58 Million |
|
RVRC Holding AB
ST:RVRC
|
$658.52 Million |
|
Hubeiyichang Transportation Group Co Ltd
SHE:002627
|
$658.46 Million |
|
China Chippacking Technology Co. Ltd. A
SHG:688216
|
$658.40 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 2024 to 2025, total equity changed from 2,061,005,123 to 1,980,411,913, a change of -80,593,210 (-3.9%).
- Net loss of 32,717,741 reduced equity.
- Dividend payments of 65,144,400 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-32.72 Million | -1.65% |
| Dividends Paid | CN¥65.14 Million | -3.29% |
| Other Changes | CN¥17.27 Million | +0.87% |
| Total Change | CN¥- | -3.91% |
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 7.83x 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¥27.56 | x |
| 2022-12-31 | CN¥4.12 | CN¥27.56 | x |
| 2023-12-31 | CN¥11.47 | CN¥27.56 | x |
| 2024-12-31 | CN¥12.65 | CN¥27.56 | x |
| 2025-12-31 | CN¥12.13 | CN¥27.56 | 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): -1.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.76%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.27x
- Recent ROE (-1.65%) is below the historical average (11.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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 |
| 2025 | -1.65% | -1.76% | 0.74x | 1.27x | CN¥-230.76 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: $5,052,698,359
- Average return on equity (ROE) among peers: 7.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minami Acoustics Ltd. A (301383) | CN¥1.95 Billion | 30.67% | 0.28x | $658.83 Million |
| Konka Group Co Ltd (000016) | $577.10 Million | 36.21% | 0.95x | $626.13 Million |
| Tianma Microelectronics Co Ltd (000050) | $33.57 Billion | 4.39% | 1.19x | $3.19 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.09 Billion | 4.74% | 1.17x | $1.88 Billion |
| Soyea Technology Co Ltd (000909) | $887.22 Million | 3.18% | 3.95x | $249.16 Million |
| Guoguang Electric Co Ltd (002045) | $1.50 Billion | 8.73% | 1.78x | $708.68 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $428.68 Million | 20.48% | 1.67x | $6.46 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $820.81 Million | 1.38% | 0.56x | $243.68 Million |
| Goertek Inc (002241) | $8.52 Billion | 19.45% | 1.08x | $12.43 Billion |
| Edifier Technology Co Ltd (002351) | $2.63 Billion | 15.97% | 0.25x | $1.30 Billion |
| Guangzhou Echom Sci&Tech Co Ltd (002420) | $504.72 Million | -42.08% | 3.53x | $327.40 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