Phenix Optical Co Ltd (600071) - Net Assets
Based on the latest financial reports, Phenix Optical Co Ltd (600071) has net assets worth CN¥554.15 Million CNY (≈ $81.09 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¥1.63 Billion ≈ $237.87 Million USD) and total liabilities (CN¥1.07 Billion ≈ $156.78 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 how resilient are Phenix Optical Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥554.15 Million |
| % of Total Assets | 34.09% |
| Annual Growth Rate | 10.51% |
| 5-Year Change | -6.91% |
| 10-Year Change | -11.48% |
| Growth Volatility | 52.31 |
Phenix Optical Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Phenix Optical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600071 total assets for the complete picture of this company's asset base.
Annual Net Assets for Phenix Optical Co Ltd (1994–2024)
The table below shows the annual net assets of Phenix Optical Co Ltd from 1994 to 2024. For live valuation and market cap data, see 600071 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥553.93 Million ≈ $81.06 Million |
+6.76% |
| 2023-12-31 | CN¥518.87 Million ≈ $75.93 Million |
-15.52% |
| 2022-12-31 | CN¥614.21 Million ≈ $89.88 Million |
+0.99% |
| 2021-12-31 | CN¥608.17 Million ≈ $88.99 Million |
+2.21% |
| 2020-12-31 | CN¥595.03 Million ≈ $87.07 Million |
+3.72% |
| 2019-12-31 | CN¥573.71 Million ≈ $83.95 Million |
+13.72% |
| 2018-12-31 | CN¥504.47 Million ≈ $73.82 Million |
+4.23% |
| 2017-12-31 | CN¥484.01 Million ≈ $70.83 Million |
-1.57% |
| 2016-12-31 | CN¥491.75 Million ≈ $71.96 Million |
-21.42% |
| 2015-12-31 | CN¥625.77 Million ≈ $91.57 Million |
-0.66% |
| 2014-12-31 | CN¥629.91 Million ≈ $92.18 Million |
-15.67% |
| 2013-12-31 | CN¥746.97 Million ≈ $109.31 Million |
-5.57% |
| 2012-12-31 | CN¥791.05 Million ≈ $115.76 Million |
-2.33% |
| 2011-12-31 | CN¥809.92 Million ≈ $118.52 Million |
+1.37% |
| 2010-12-31 | CN¥798.94 Million ≈ $116.91 Million |
+4.46% |
| 2009-12-31 | CN¥764.82 Million ≈ $111.92 Million |
+4.73% |
| 2008-12-31 | CN¥730.31 Million ≈ $106.87 Million |
+3.28% |
| 2007-12-31 | CN¥707.09 Million ≈ $103.47 Million |
+9.87% |
| 2006-12-31 | CN¥643.58 Million ≈ $94.18 Million |
+5.20% |
| 2005-12-31 | CN¥611.75 Million ≈ $89.52 Million |
+10.68% |
| 2004-12-31 | CN¥552.73 Million ≈ $80.88 Million |
+9.12% |
| 2003-12-31 | CN¥506.52 Million ≈ $74.12 Million |
+7.13% |
| 2002-12-31 | CN¥472.79 Million ≈ $69.18 Million |
+9.94% |
| 2001-12-31 | CN¥430.06 Million ≈ $62.93 Million |
+10.81% |
| 2000-12-31 | CN¥388.11 Million ≈ $56.79 Million |
+11.87% |
| 1999-12-31 | CN¥346.93 Million ≈ $50.77 Million |
+56.74% |
| 1998-12-31 | CN¥221.34 Million ≈ $32.39 Million |
+12.74% |
| 1997-12-31 | CN¥196.32 Million ≈ $28.73 Million |
+283.37% |
| 1996-12-31 | CN¥51.21 Million ≈ $7.49 Million |
+64.10% |
| 1995-12-31 | CN¥31.21 Million ≈ $4.57 Million |
+12.90% |
| 1994-12-31 | CN¥27.64 Million ≈ $4.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Phenix Optical 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 3264300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥32.64 Million | 6.87% |
| Common Stock | CN¥281.57 Million | 59.25% |
| Other Components | CN¥161.03 Million | 33.88% |
| Total Equity | CN¥475.25 Million | 100.00% |
Phenix Optical Co Ltd Competitors by Market Cap
The table below lists competitors of Phenix Optical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hainan Expressway Co Ltd
SHE:000886
|
$800.17 Million |
|
JM AB (publ)
ST:JM
|
$800.38 Million |
|
Hunan Yussen Energy Technology
SHE:002986
|
$800.43 Million |
|
Air New Zealand Ltd
AU:AIZ
|
$800.73 Million |
|
Jess-Link Products Co Ltd
TW:6197
|
$800.05 Million |
|
WA1 Resources Ltd
AU:WA1
|
$799.98 Million |
|
CHINA VANKE CO.LTD H YC 1
F:18V
|
$799.69 Million |
|
Episil Holding
TWO:3707
|
$799.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Phenix Optical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 437,750,000 to 475,250,000, a change of 37,500,000 (8.6%).
- Net income of 13,446,000 contributed positively to equity growth.
- Dividend payments of 22,637,000 reduced retained earnings.
- Other factors increased equity by 46,691,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥13.45 Million | +2.83% |
| Dividends Paid | CN¥22.64 Million | -4.76% |
| Other Changes | CN¥46.69 Million | +9.82% |
| Total Change | CN¥- | 8.57% |
Book Value vs Market Value Analysis
This analysis compares Phenix Optical 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: 10.99x
- 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 171.35x to 10.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.11 | CN¥19.42 | x |
| 1995-12-31 | CN¥0.13 | CN¥19.42 | x |
| 1996-12-31 | CN¥0.21 | CN¥19.42 | x |
| 1997-12-31 | CN¥0.80 | CN¥19.42 | x |
| 1998-12-31 | CN¥0.90 | CN¥19.42 | x |
| 1999-12-31 | CN¥1.41 | CN¥19.42 | x |
| 2000-12-31 | CN¥1.53 | CN¥19.42 | x |
| 2001-12-31 | CN¥1.66 | CN¥19.42 | x |
| 2002-12-31 | CN¥1.82 | CN¥19.42 | x |
| 2003-12-31 | CN¥1.93 | CN¥19.42 | x |
| 2004-12-31 | CN¥1.98 | CN¥19.42 | x |
| 2005-12-31 | CN¥2.08 | CN¥19.42 | x |
| 2006-12-31 | CN¥2.05 | CN¥19.42 | x |
| 2007-12-31 | CN¥2.24 | CN¥19.42 | x |
| 2008-12-31 | CN¥2.34 | CN¥19.42 | x |
| 2009-12-31 | CN¥2.45 | CN¥19.42 | x |
| 2010-12-31 | CN¥2.57 | CN¥19.42 | x |
| 2011-12-31 | CN¥2.59 | CN¥19.42 | x |
| 2012-12-31 | CN¥2.62 | CN¥19.42 | x |
| 2013-12-31 | CN¥2.50 | CN¥19.42 | x |
| 2014-12-31 | CN¥2.07 | CN¥19.42 | x |
| 2015-12-31 | CN¥2.07 | CN¥19.42 | x |
| 2016-12-31 | CN¥1.66 | CN¥19.42 | x |
| 2017-12-31 | CN¥1.77 | CN¥19.42 | x |
| 2018-12-31 | CN¥2.29 | CN¥19.42 | x |
| 2019-12-31 | CN¥2.23 | CN¥19.42 | x |
| 2020-12-31 | CN¥1.81 | CN¥19.42 | x |
| 2021-12-31 | CN¥1.96 | CN¥19.42 | x |
| 2022-12-31 | CN¥1.87 | CN¥19.42 | x |
| 2023-12-31 | CN¥1.55 | CN¥19.42 | x |
| 2024-12-31 | CN¥1.77 | CN¥19.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Phenix Optical 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): 2.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.80%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 3.95x
- Recent ROE (2.83%) is below the historical average (5.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 40.83% | 15.86% | 0.84x | 3.07x | CN¥8.52 Million |
| 1995 | 45.70% | 16.90% | 0.77x | 3.52x | CN¥11.14 Million |
| 1996 | 29.45% | 13.88% | 0.82x | 2.58x | CN¥9.96 Million |
| 1997 | 16.49% | 23.11% | 0.48x | 1.50x | CN¥12.72 Million |
| 1998 | 10.40% | 12.31% | 0.65x | 1.30x | CN¥888.65K |
| 1999 | 8.27% | 11.59% | 0.53x | 1.36x | CN¥-5.92 Million |
| 2000 | 10.27% | 14.01% | 0.48x | 1.51x | CN¥1.01 Million |
| 2001 | 8.51% | 10.98% | 0.47x | 1.63x | CN¥-6.04 Million |
| 2002 | 4.44% | 5.78% | 0.51x | 1.52x | CN¥-24.66 Million |
| 2003 | 6.04% | 5.35% | 0.63x | 1.80x | CN¥-18.63 Million |
| 2004 | 7.84% | 6.26% | 0.65x | 1.93x | CN¥-10.38 Million |
| 2005 | 5.63% | 5.34% | 0.55x | 1.92x | CN¥-22.16 Million |
| 2006 | 6.83% | 4.11% | 0.84x | 1.99x | CN¥-15.82 Million |
| 2007 | 7.19% | 3.68% | 0.93x | 2.11x | CN¥-14.94 Million |
| 2008 | 4.98% | 2.86% | 0.89x | 1.96x | CN¥-27.94 Million |
| 2009 | 8.03% | 5.01% | 0.82x | 1.97x | CN¥-11.50 Million |
| 2010 | 8.99% | 3.75% | 1.31x | 1.83x | CN¥-6.19 Million |
| 2011 | 0.75% | 0.31% | 1.29x | 1.86x | CN¥-56.91 Million |
| 2012 | 1.00% | 0.46% | 1.35x | 1.63x | CN¥-55.91 Million |
| 2013 | -4.76% | -4.05% | 0.75x | 1.57x | CN¥-87.55 Million |
| 2014 | -20.47% | -11.31% | 0.83x | 2.18x | CN¥-150.05 Million |
| 2015 | 3.87% | 2.47% | 0.74x | 2.12x | CN¥-31.42 Million |
| 2016 | -29.58% | -15.40% | 0.78x | 2.46x | CN¥-154.41 Million |
| 2017 | 7.92% | 4.22% | 0.85x | 2.20x | CN¥-8.83 Million |
| 2018 | 4.37% | 3.04% | 0.78x | 1.83x | CN¥-30.53 Million |
| 2019 | 0.90% | 0.39% | 0.75x | 3.03x | CN¥-45.06 Million |
| 2020 | 2.81% | 1.13% | 0.75x | 3.32x | CN¥-36.69 Million |
| 2021 | 2.04% | 0.67% | 0.86x | 3.55x | CN¥-41.45 Million |
| 2022 | 0.33% | 0.09% | 0.89x | 3.97x | CN¥-50.81 Million |
| 2023 | -19.30% | -4.72% | 0.92x | 4.45x | CN¥-128.25 Million |
| 2024 | 2.83% | 0.80% | 0.89x | 3.95x | CN¥-34.08 Million |
Industry Comparison
This section compares Phenix Optical Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $742,182,131
- Average return on equity (ROE) among peers: 3.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Phenix Optical Co Ltd (600071) | CN¥554.15 Million | 40.83% | 1.93x | $800.16 Million |
| China Bicycle Co Holdings Ltd (000017) | $11.44 Million | -68.29% | 4.48x | $413.48 Million |
| HL Corp Shenzhen (002105) | $711.36 Million | 23.22% | 1.58x | $363.89 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $192.47 Million | 24.76% | 0.35x | $1.54 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $794.85 Million | 1.42% | 0.03x | $614.35 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.55 Billion | 6.31% | 0.29x | $1.25 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $3.39 Billion | 8.51% | 0.81x | $525.73 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $1.66 Billion | 10.98% | 0.20x | $1.19 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $569.63 Million | 1.45% | 0.14x | $455.54 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $249.64 Million | 29.77% | 1.70x | $730.57 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.71 Billion | 0.00% | 0.00x | $66.51 Million |
About Phenix Optical Co Ltd
Phenix Optical Company Limited, together with its subsidiaries, manufactures and sells optical products, controllers, and lithium batteries in China and internationally. The company offers optical lenses, including BI, machine vision, ITS, automotive, infrared, and smart hardware/home lens; Imaging solutions, such as bioscience camera, home appliance camera, AI customized camera, and Infrared the… Read more