Linhai Co Ltd (600099) - Net Assets
Based on the latest financial reports, Linhai Co Ltd (600099) has net assets worth CN¥555.23 Million CNY (≈ $81.25 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.38 Billion ≈ $202.17 Million USD) and total liabilities (CN¥826.34 Million ≈ $120.92 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 Linhai Co Ltd (600099) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥555.23 Million |
| % of Total Assets | 40.19% |
| Annual Growth Rate | 9.07% |
| 5-Year Change | 10.96% |
| 10-Year Change | 15.2% |
| Growth Volatility | 52.74 |
Linhai Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Linhai Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Linhai Co Ltd (600099) market capitalisation.
Annual Net Assets for Linhai Co Ltd (1994–2025)
The table below shows the annual net assets of Linhai Co Ltd from 1994 to 2025. Also explore Linhai Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥546.37 Million ≈ $79.95 Million |
+4.10% |
| 2024-12-31 | CN¥524.86 Million ≈ $76.80 Million |
+2.97% |
| 2023-12-31 | CN¥509.72 Million ≈ $74.59 Million |
+1.47% |
| 2022-12-31 | CN¥502.34 Million ≈ $73.51 Million |
+2.02% |
| 2021-12-31 | CN¥492.38 Million ≈ $72.05 Million |
+1.86% |
| 2020-12-31 | CN¥483.41 Million ≈ $70.74 Million |
-0.20% |
| 2019-12-31 | CN¥484.37 Million ≈ $70.88 Million |
+2.35% |
| 2018-12-31 | CN¥473.25 Million ≈ $69.25 Million |
+0.56% |
| 2017-12-31 | CN¥470.60 Million ≈ $68.86 Million |
-0.78% |
| 2016-12-31 | CN¥474.28 Million ≈ $69.40 Million |
+0.35% |
| 2015-12-31 | CN¥472.61 Million ≈ $69.16 Million |
+0.63% |
| 2014-12-31 | CN¥469.65 Million ≈ $68.72 Million |
-1.68% |
| 2013-12-31 | CN¥477.67 Million ≈ $69.90 Million |
+0.08% |
| 2012-12-31 | CN¥477.27 Million ≈ $69.84 Million |
+0.10% |
| 2011-12-31 | CN¥476.78 Million ≈ $69.77 Million |
-1.14% |
| 2010-12-31 | CN¥482.27 Million ≈ $70.57 Million |
+0.69% |
| 2009-12-31 | CN¥478.98 Million ≈ $70.09 Million |
+0.47% |
| 2008-12-31 | CN¥476.75 Million ≈ $69.76 Million |
-1.40% |
| 2007-12-31 | CN¥483.50 Million ≈ $70.75 Million |
+2.94% |
| 2006-12-31 | CN¥469.69 Million ≈ $68.73 Million |
+1.99% |
| 2005-12-31 | CN¥460.51 Million ≈ $67.39 Million |
-0.50% |
| 2004-12-31 | CN¥462.83 Million ≈ $67.73 Million |
+1.50% |
| 2003-12-31 | CN¥456.01 Million ≈ $66.73 Million |
+1.05% |
| 2002-12-31 | CN¥451.27 Million ≈ $66.03 Million |
-1.97% |
| 2001-12-31 | CN¥460.35 Million ≈ $67.36 Million |
-7.10% |
| 2000-12-31 | CN¥495.53 Million ≈ $72.51 Million |
-0.31% |
| 1999-12-31 | CN¥497.04 Million ≈ $72.73 Million |
+15.13% |
| 1998-12-31 | CN¥431.73 Million ≈ $63.18 Million |
+12.60% |
| 1997-12-31 | CN¥383.43 Million ≈ $56.11 Million |
+277.85% |
| 1996-12-31 | CN¥101.48 Million ≈ $14.85 Million |
+121.66% |
| 1995-12-31 | CN¥45.78 Million ≈ $6.70 Million |
+23.51% |
| 1994-12-31 | CN¥37.06 Million ≈ $5.42 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 495.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥83.82 Million | 15.34% |
| Common Stock | CN¥219.12 Million | 40.10% |
| Other Comprehensive Income | CN¥43.08 Million | 7.89% |
| Other Components | CN¥200.35 Million | 36.67% |
| Total Equity | CN¥546.37 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 |
|---|---|
|
ANY Security Printing PLC
BUD:ANY
|
$282.84 Million |
|
Wholetech System Hitech Ltd
TWO:3402
|
$283.07 Million |
|
First Northern Community Bancorp Common stock
NASDAQ:FNRN
|
$283.15 Million |
|
Windsor Machines Limited
NSE:WINDMACHIN
|
$283.20 Million |
|
Shenzhen Friendcom Technology Development Co Ltd
SHE:300514
|
$282.71 Million |
|
Hunan Zhenghong Science and Technology Develop Co Ltd
SHE:000702
|
$282.52 Million |
|
Sichuan Golden Summit Group Joint Stock Co Ltd
SHG:600678
|
$282.41 Million |
|
Chemplast Sanmar Limited
NSE:CHEMPLASTS
|
$282.34 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 2024 to 2025, total equity changed from 524,857,378 to 546,367,458, a change of 21,510,080 (4.1%).
- Net income of 24,552,718 contributed positively to equity growth.
- Dividend payments of 6,555,885 reduced retained earnings.
- Other comprehensive income increased equity by 43,082,360.
- Other factors decreased equity by 39,569,113.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥24.55 Million | +4.49% |
| Dividends Paid | CN¥6.56 Million | -1.2% |
| Other Comprehensive Income | CN¥43.08 Million | +7.89% |
| Other Changes | CN¥-39.57 Million | -7.24% |
| Total Change | CN¥- | 4.10% |
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: 3.54x
- 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 52.10x to 3.54x 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¥8.82 | x |
| 1995-12-31 | CN¥0.21 | CN¥8.82 | x |
| 1996-12-31 | CN¥0.46 | CN¥8.82 | x |
| 1997-12-31 | CN¥1.75 | CN¥8.82 | x |
| 1998-12-31 | CN¥1.97 | CN¥8.82 | x |
| 1999-12-31 | CN¥2.27 | CN¥8.82 | x |
| 2000-12-31 | CN¥2.26 | CN¥8.82 | x |
| 2001-12-31 | CN¥2.10 | CN¥8.82 | x |
| 2002-12-31 | CN¥2.06 | CN¥8.82 | x |
| 2003-12-31 | CN¥2.08 | CN¥8.82 | x |
| 2004-12-31 | CN¥2.11 | CN¥8.82 | x |
| 2005-12-31 | CN¥2.10 | CN¥8.82 | x |
| 2006-12-31 | CN¥2.14 | CN¥8.82 | x |
| 2007-12-31 | CN¥2.21 | CN¥8.82 | x |
| 2008-12-31 | CN¥2.18 | CN¥8.82 | x |
| 2009-12-31 | CN¥2.19 | CN¥8.82 | x |
| 2010-12-31 | CN¥2.20 | CN¥8.82 | x |
| 2011-12-31 | CN¥2.17 | CN¥8.82 | x |
| 2012-12-31 | CN¥2.18 | CN¥8.82 | x |
| 2013-12-31 | CN¥2.14 | CN¥8.82 | x |
| 2014-12-31 | CN¥2.15 | CN¥8.82 | x |
| 2015-12-31 | CN¥2.14 | CN¥8.82 | x |
| 2016-12-31 | CN¥2.16 | CN¥8.82 | x |
| 2017-12-31 | CN¥2.15 | CN¥8.82 | x |
| 2018-12-31 | CN¥2.16 | CN¥8.82 | x |
| 2019-12-31 | CN¥2.21 | CN¥8.82 | x |
| 2020-12-31 | CN¥2.20 | CN¥8.82 | x |
| 2021-12-31 | CN¥2.23 | CN¥8.82 | x |
| 2022-12-31 | CN¥2.32 | CN¥8.82 | x |
| 2023-12-31 | CN¥2.34 | CN¥8.82 | x |
| 2024-12-31 | CN¥2.39 | CN¥8.82 | x |
| 2025-12-31 | CN¥2.49 | CN¥8.82 | 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.17%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.11x
- Recent ROE (4.49%) is below the historical average (5.81%), 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 |
| 2025 | 4.49% | 2.17% | 0.98x | 2.11x | CN¥-30.08 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: $2,049,123,028
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linhai Co Ltd (600099) | CN¥555.23 Million | 40.90% | 1.49x | $282.81 Million |
| FAWER Automotive Parts Ltd Co (000030) | $116.97 Million | 5.53% | 11.30x | $971.32 Million |
| Wanxiang Qianchao Co Ltd (000559) | $1.86 Billion | 8.12% | 0.67x | $5.02 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $643.09 Million | 12.97% | 1.20x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.63 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $201.35 Million | -6.58% | 0.62x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $871.28 Million | -4.06% | 1.57x | $579.74 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.48 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-1.09 Billion | 0.00% | 0.00x | $323.51 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $-54.85 Million | 0.00% | 0.00x | $3.63 Billion |
About 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. The company also manufactures and sells product accessories. Linhai Co.,Ltd. was founded in 1956 and is based in Taizhou, China.