Linhai Co Ltd
Linhai Co.,Ltd. engages in the manufacture and sale of all-terrain vehicles, agricultural machinery, forest and fire-fighting machinery products, motorcycles, and other spare parts in China. Linhai Co.,Ltd. was founded in 1956 and is based in Taizhou, China.
Linhai Co Ltd (600099) - Net Assets
Latest net assets as of September 2025: CN¥535.30 Million CNY
Based on the latest financial reports, Linhai Co Ltd (600099) has net assets worth CN¥535.30 Million 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¥1.14 Billion) and total liabilities (CN¥602.01 Million). 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¥535.30 Million |
| % of Total Assets | 47.07% |
| Annual Growth Rate | 9.24% |
| 5-Year Change | 8.58% |
| 10-Year Change | 11.06% |
| Growth Volatility | 53.57 |
Linhai Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Linhai 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 Linhai Co Ltd (1994–2024)
The table below shows the annual net assets of Linhai Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥524.86 Million | +2.97% |
| 2023-12-31 | CN¥509.72 Million | +1.47% |
| 2022-12-31 | CN¥502.34 Million | +2.02% |
| 2021-12-31 | CN¥492.38 Million | +1.86% |
| 2020-12-31 | CN¥483.41 Million | -0.20% |
| 2019-12-31 | CN¥484.37 Million | +2.35% |
| 2018-12-31 | CN¥473.25 Million | +0.56% |
| 2017-12-31 | CN¥470.60 Million | -0.78% |
| 2016-12-31 | CN¥474.28 Million | +0.35% |
| 2015-12-31 | CN¥472.61 Million | +0.63% |
| 2014-12-31 | CN¥469.65 Million | -1.68% |
| 2013-12-31 | CN¥477.67 Million | +0.08% |
| 2012-12-31 | CN¥477.27 Million | +0.10% |
| 2011-12-31 | CN¥476.78 Million | -1.14% |
| 2010-12-31 | CN¥482.27 Million | +0.69% |
| 2009-12-31 | CN¥478.98 Million | +0.47% |
| 2008-12-31 | CN¥476.75 Million | -1.40% |
| 2007-12-31 | CN¥483.50 Million | +2.94% |
| 2006-12-31 | CN¥469.69 Million | +1.99% |
| 2005-12-31 | CN¥460.51 Million | -0.50% |
| 2004-12-31 | CN¥462.83 Million | +1.50% |
| 2003-12-31 | CN¥456.01 Million | +1.05% |
| 2002-12-31 | CN¥451.27 Million | -1.97% |
| 2001-12-31 | CN¥460.35 Million | -7.10% |
| 2000-12-31 | CN¥495.53 Million | -0.31% |
| 1999-12-31 | CN¥497.04 Million | +15.13% |
| 1998-12-31 | CN¥431.73 Million | +12.60% |
| 1997-12-31 | CN¥383.43 Million | +277.85% |
| 1996-12-31 | CN¥101.48 Million | +121.66% |
| 1995-12-31 | CN¥45.78 Million | +23.51% |
| 1994-12-31 | CN¥37.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Linhai 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 374.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥66.80 Million | 12.73% |
| Common Stock | CN¥219.12 Million | 41.75% |
| Other Components | CN¥238.93 Million | 45.52% |
| Total Equity | CN¥524.86 Million | 100.00% |
Linhai Co Ltd Competitors by Market Cap
The table below lists competitors of Linhai Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Indemnity Group, LLC Class A Common Stock
NASDAQ:GBLI
|
$182.12 Million |
|
Humacyte Inc
NASDAQ:HUMA
|
$182.16 Million |
|
InnovAge Holding Corp
NASDAQ:INNV
|
$182.19 Million |
|
Seche Environnem.
PA:SCHP
|
$182.20 Million |
|
Dutch Lady Milk Industries Bhd
KLSE:3026
|
$182.02 Million |
|
CapMan Oyj Series B
LSE:0E1L
|
$181.82 Million |
|
Halla Holdings Corp
KO:060980
|
$181.82 Million |
|
LUOYANG GLASS CO. H YC 1
F:LUG
|
$181.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Linhai Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 509,716,970 to 524,857,378, a change of 15,140,408 (3.0%).
- Net income of 18,427,900 contributed positively to equity growth.
- Dividend payments of 4,816,632 reduced retained earnings.
- Other comprehensive income decreased equity by 36,205,635.
- Other factors increased equity by 37,734,775.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥18.43 Million | +3.51% |
| Dividends Paid | CN¥4.82 Million | -0.92% |
| Other Comprehensive Income | CN¥-36.21 Million | -6.9% |
| Other Changes | CN¥37.73 Million | +7.19% |
| Total Change | CN¥- | 2.97% |
Book Value vs Market Value Analysis
This analysis compares Linhai 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: 4.71x
- 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 66.69x to 4.71x 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¥0.17 | CN¥11.29 | x |
| 1995-12-31 | CN¥0.21 | CN¥11.29 | x |
| 1996-12-31 | CN¥0.46 | CN¥11.29 | x |
| 1997-12-31 | CN¥1.75 | CN¥11.29 | x |
| 1998-12-31 | CN¥1.97 | CN¥11.29 | x |
| 1999-12-31 | CN¥2.27 | CN¥11.29 | x |
| 2000-12-31 | CN¥2.26 | CN¥11.29 | x |
| 2001-12-31 | CN¥2.10 | CN¥11.29 | x |
| 2002-12-31 | CN¥2.06 | CN¥11.29 | x |
| 2003-12-31 | CN¥2.08 | CN¥11.29 | x |
| 2004-12-31 | CN¥2.11 | CN¥11.29 | x |
| 2005-12-31 | CN¥2.10 | CN¥11.29 | x |
| 2006-12-31 | CN¥2.14 | CN¥11.29 | x |
| 2007-12-31 | CN¥2.21 | CN¥11.29 | x |
| 2008-12-31 | CN¥2.18 | CN¥11.29 | x |
| 2009-12-31 | CN¥2.19 | CN¥11.29 | x |
| 2010-12-31 | CN¥2.20 | CN¥11.29 | x |
| 2011-12-31 | CN¥2.17 | CN¥11.29 | x |
| 2012-12-31 | CN¥2.13 | CN¥11.29 | x |
| 2013-12-31 | CN¥2.14 | CN¥11.29 | x |
| 2014-12-31 | CN¥1.60 | CN¥11.29 | x |
| 2015-12-31 | CN¥2.14 | CN¥11.29 | x |
| 2016-12-31 | CN¥2.16 | CN¥11.29 | x |
| 2017-12-31 | CN¥2.15 | CN¥11.29 | x |
| 2018-12-31 | CN¥2.16 | CN¥11.29 | x |
| 2019-12-31 | CN¥2.21 | CN¥11.29 | x |
| 2020-12-31 | CN¥2.21 | CN¥11.29 | x |
| 2021-12-31 | CN¥2.25 | CN¥11.29 | x |
| 2022-12-31 | CN¥2.29 | CN¥11.29 | x |
| 2023-12-31 | CN¥2.34 | CN¥11.29 | x |
| 2024-12-31 | CN¥2.40 | CN¥11.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Linhai 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): 3.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.75%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.96x
- Recent ROE (3.51%) is below the historical average (5.85%), 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 | 40.90% | 5.40% | 1.49x | 5.07x | CN¥11.45 Million |
| 1995 | 41.55% | 6.09% | 1.32x | 5.17x | CN¥14.44 Million |
| 1996 | 40.65% | 9.24% | 1.44x | 3.05x | CN¥31.11 Million |
| 1997 | 12.22% | 10.74% | 0.86x | 1.33x | CN¥8.53 Million |
| 1998 | 11.19% | 11.30% | 0.85x | 1.17x | CN¥5.13 Million |
| 1999 | 3.77% | 6.69% | 0.49x | 1.15x | CN¥-30.94 Million |
| 2000 | 1.54% | 3.80% | 0.35x | 1.17x | CN¥-41.94 Million |
| 2001 | 1.44% | 3.49% | 0.36x | 1.16x | CN¥-39.39 Million |
| 2002 | 0.68% | 1.93% | 0.31x | 1.14x | CN¥-42.07 Million |
| 2003 | 1.04% | 1.72% | 0.53x | 1.15x | CN¥-40.85 Million |
| 2004 | 1.47% | 1.92% | 0.66x | 1.16x | CN¥-39.47 Million |
| 2005 | 1.88% | 2.11% | 0.82x | 1.08x | CN¥-37.41 Million |
| 2006 | 2.49% | 2.69% | 0.82x | 1.12x | CN¥-35.29 Million |
| 2007 | 2.50% | 2.81% | 0.80x | 1.12x | CN¥-36.26 Million |
| 2008 | 0.88% | 1.49% | 0.55x | 1.07x | CN¥-43.47 Million |
| 2009 | 0.47% | 1.02% | 0.42x | 1.07x | CN¥-45.66 Million |
| 2010 | 0.68% | 1.38% | 0.46x | 1.09x | CN¥-44.94 Million |
| 2011 | 0.69% | 1.28% | 0.48x | 1.11x | CN¥-44.40 Million |
| 2012 | 0.10% | 0.22% | 0.42x | 1.10x | CN¥-47.23 Million |
| 2013 | 0.08% | 0.14% | 0.52x | 1.13x | CN¥-47.37 Million |
| 2014 | 0.62% | 0.82% | 0.64x | 1.20x | CN¥-44.04 Million |
| 2015 | 0.50% | 0.66% | 0.61x | 1.23x | CN¥-44.90 Million |
| 2016 | 0.41% | 0.42% | 0.78x | 1.25x | CN¥-45.49 Million |
| 2017 | 0.41% | 0.43% | 0.81x | 1.18x | CN¥-45.13 Million |
| 2018 | 0.56% | 0.50% | 0.89x | 1.25x | CN¥-44.68 Million |
| 2019 | 1.20% | 1.00% | 0.94x | 1.27x | CN¥-42.64 Million |
| 2020 | 1.60% | 1.29% | 1.02x | 1.21x | CN¥-40.62 Million |
| 2021 | 1.93% | 1.13% | 1.22x | 1.40x | CN¥-39.72 Million |
| 2022 | 1.86% | 1.28% | 0.95x | 1.53x | CN¥-40.92 Million |
| 2023 | 2.61% | 1.92% | 0.82x | 1.66x | CN¥-37.66 Million |
| 2024 | 3.51% | 1.75% | 1.02x | 1.96x | CN¥-34.06 Million |
Industry Comparison
This section compares Linhai Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linhai Co Ltd (600099) | CN¥535.30 Million | 40.90% | 1.12x | $182.06 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |