Langfang Development Co Ltd
Langfang Development Co., Ltd. provides electronic products and network technology services in China. The company also offers heating and steam services for residents, and commercial and industrial users; real estate consulting; business management consulting; and interior decoration and design services. In addition, it engages in the development and operation of real estate properties; manufactu… Read more
Langfang Development Co Ltd (600149) - Net Assets
Latest net assets as of September 2025: CN¥330.52 Million CNY
Based on the latest financial reports, Langfang Development Co Ltd (600149) has net assets worth CN¥330.52 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¥576.10 Million) and total liabilities (CN¥245.58 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¥330.52 Million |
| % of Total Assets | 57.37% |
| Annual Growth Rate | 2.33% |
| 5-Year Change | 25.79% |
| 10-Year Change | 53.94% |
| Growth Volatility | 29.09 |
Langfang Development Co Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Langfang Development 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 Langfang Development Co Ltd (1996–2024)
The table below shows the annual net assets of Langfang Development Co Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥322.18 Million | +45.12% |
| 2023-12-31 | CN¥222.02 Million | -10.26% |
| 2022-12-31 | CN¥247.41 Million | -6.17% |
| 2021-12-31 | CN¥263.67 Million | +2.95% |
| 2020-12-31 | CN¥256.12 Million | -9.51% |
| 2019-12-31 | CN¥283.03 Million | +8.90% |
| 2018-12-31 | CN¥259.91 Million | +27.17% |
| 2017-12-31 | CN¥204.37 Million | +11.04% |
| 2016-12-31 | CN¥184.06 Million | -12.06% |
| 2015-12-31 | CN¥209.29 Million | -23.55% |
| 2014-12-31 | CN¥273.77 Million | +2.63% |
| 2013-12-31 | CN¥266.76 Million | -15.95% |
| 2012-12-31 | CN¥317.39 Million | +0.62% |
| 2011-12-31 | CN¥315.42 Million | +19.37% |
| 2010-12-31 | CN¥264.25 Million | -55.74% |
| 2009-12-31 | CN¥597.04 Million | -2.34% |
| 2008-12-31 | CN¥611.34 Million | +0.14% |
| 2007-12-31 | CN¥610.50 Million | +1.80% |
| 2006-12-31 | CN¥599.73 Million | +2.40% |
| 2005-12-31 | CN¥585.68 Million | -1.61% |
| 2004-12-31 | CN¥595.26 Million | +1.54% |
| 2003-12-31 | CN¥586.23 Million | +8.09% |
| 2002-12-31 | CN¥542.36 Million | +4.68% |
| 2001-12-31 | CN¥518.09 Million | -1.06% |
| 2000-12-31 | CN¥523.64 Million | +6.56% |
| 1999-12-31 | CN¥491.39 Million | +128.01% |
| 1998-12-31 | CN¥215.51 Million | +7.53% |
| 1997-12-31 | CN¥200.42 Million | +18.50% |
| 1996-12-31 | CN¥169.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Langfang Development 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 decreased by 2008630.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥380.16 Million | 163.76% |
| Other Comprehensive Income | CN¥101.31 Million | 43.64% |
| Total Equity | CN¥232.15 Million | 100.00% |
Langfang Development Co Ltd Competitors by Market Cap
The table below lists competitors of Langfang Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Myoung Shin Industrial Co Ltd
KO:009900
|
$205.43 Million |
|
Yibin Paper Industry Co Ltd
SHG:600793
|
$205.45 Million |
|
BVZ Holding AG
SW:BVZN
|
$205.52 Million |
|
Styrenix Performance Materials Limited
NSE:STYRENIX
|
$205.59 Million |
|
TSS, Inc. Common Stock
NASDAQ:TSSI
|
$205.38 Million |
|
Sinomach General Machinery Science Technology Co Ltd
SHG:600444
|
$205.37 Million |
|
Great Tree Pharmacy Co Ltd
TWO:6469
|
$205.37 Million |
|
Beijing Succeeder Technology Inc
SHG:688338
|
$205.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Langfang Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 147,222,499 to 232,148,560, a change of 84,926,061 (57.7%).
- Net income of 84,926,060 contributed positively to equity growth.
- Dividend payments of 4,083,493 reduced retained earnings.
- Other comprehensive income increased equity by 101,307,387.
- Other factors decreased equity by 97,223,893.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥84.93 Million | +36.58% |
| Dividends Paid | CN¥4.08 Million | -1.76% |
| Other Comprehensive Income | CN¥101.31 Million | +43.64% |
| Other Changes | CN¥-97.22 Million | -41.88% |
| Total Change | CN¥- | 57.69% |
Book Value vs Market Value Analysis
This analysis compares Langfang Development 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: 10.27x
- 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 11.39x to 10.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.55 | CN¥6.27 | x |
| 1997-12-31 | CN¥0.65 | CN¥6.27 | x |
| 1998-12-31 | CN¥0.70 | CN¥6.27 | x |
| 1999-12-31 | CN¥1.60 | CN¥6.27 | x |
| 2000-12-31 | CN¥1.70 | CN¥6.27 | x |
| 2001-12-31 | CN¥1.69 | CN¥6.27 | x |
| 2002-12-31 | CN¥1.77 | CN¥6.27 | x |
| 2003-12-31 | CN¥1.89 | CN¥6.27 | x |
| 2004-12-31 | CN¥1.92 | CN¥6.27 | x |
| 2005-12-31 | CN¥1.89 | CN¥6.27 | x |
| 2006-12-31 | CN¥1.93 | CN¥6.27 | x |
| 2007-12-31 | CN¥1.57 | CN¥6.27 | x |
| 2008-12-31 | CN¥1.58 | CN¥6.27 | x |
| 2009-12-31 | CN¥1.53 | CN¥6.27 | x |
| 2010-12-31 | CN¥0.68 | CN¥6.27 | x |
| 2011-12-31 | CN¥0.82 | CN¥6.27 | x |
| 2012-12-31 | CN¥0.83 | CN¥6.27 | x |
| 2013-12-31 | CN¥0.70 | CN¥6.27 | x |
| 2014-12-31 | CN¥0.72 | CN¥6.27 | x |
| 2015-12-31 | CN¥0.55 | CN¥6.27 | x |
| 2016-12-31 | CN¥0.48 | CN¥6.27 | x |
| 2017-12-31 | CN¥0.54 | CN¥6.27 | x |
| 2018-12-31 | CN¥0.54 | CN¥6.27 | x |
| 2019-12-31 | CN¥0.55 | CN¥6.27 | x |
| 2020-12-31 | CN¥0.44 | CN¥6.27 | x |
| 2021-12-31 | CN¥0.45 | CN¥6.27 | x |
| 2022-12-31 | CN¥0.43 | CN¥6.27 | x |
| 2023-12-31 | CN¥0.39 | CN¥6.27 | x |
| 2024-12-31 | CN¥0.61 | CN¥6.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Langfang Development 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): 36.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.44%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.71x
- Recent ROE (36.58%) is above the historical average (-0.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 16.98% | 7.98% | 0.61x | 3.50x | CN¥11.81 Million |
| 1997 | 15.61% | 8.30% | 0.59x | 3.19x | CN¥11.25 Million |
| 1998 | 19.35% | 10.80% | 0.61x | 2.92x | CN¥20.14 Million |
| 1999 | 8.64% | 11.50% | 0.43x | 1.77x | CN¥-6.69 Million |
| 2000 | 6.16% | 8.45% | 0.40x | 1.83x | CN¥-20.11 Million |
| 2001 | 6.48% | 8.98% | 0.40x | 1.80x | CN¥-18.21 Million |
| 2002 | 5.38% | 7.11% | 0.46x | 1.65x | CN¥-25.05 Million |
| 2003 | 5.96% | 11.02% | 0.38x | 1.43x | CN¥-23.40 Million |
| 2004 | 1.92% | 7.44% | 0.19x | 1.34x | CN¥-47.57 Million |
| 2005 | -1.55% | -9.15% | 0.14x | 1.22x | CN¥-67.01 Million |
| 2006 | 1.19% | 4.24% | 0.23x | 1.21x | CN¥-52.27 Million |
| 2007 | 1.15% | 27.40% | 0.04x | 1.02x | CN¥-53.45 Million |
| 2008 | -1.84% | -65.77% | 0.03x | 1.05x | CN¥-71.60 Million |
| 2009 | 0.42% | 12.88% | 0.03x | 1.07x | CN¥-56.56 Million |
| 2010 | -130.60% | -5632.81% | 0.02x | 1.20x | CN¥-363.85 Million |
| 2011 | 16.84% | 797.46% | 0.02x | 1.15x | CN¥21.29 Million |
| 2012 | 1.96% | 23.39% | 0.08x | 1.08x | CN¥-25.53 Million |
| 2013 | -18.98% | -98.06% | 0.17x | 1.16x | CN¥-77.30 Million |
| 2014 | 2.23% | 15.31% | 0.13x | 1.11x | CN¥-21.21 Million |
| 2015 | -30.74% | -546.46% | 0.03x | 1.86x | CN¥-85.02 Million |
| 2016 | -13.48% | -150.15% | 0.08x | 1.13x | CN¥-43.18 Million |
| 2017 | 9.98% | 39.96% | 0.15x | 1.62x | CN¥-33.43K |
| 2018 | 1.00% | 2.81% | 0.11x | 3.37x | CN¥-18.58 Million |
| 2019 | 11.07% | 12.35% | 0.26x | 3.39x | CN¥2.23 Million |
| 2020 | 22.17% | 18.96% | 0.29x | 3.99x | CN¥20.50 Million |
| 2021 | 6.35% | 4.90% | 0.34x | 3.82x | CN¥-6.23 Million |
| 2022 | -7.87% | -5.98% | 0.32x | 4.06x | CN¥-28.97 Million |
| 2023 | -10.13% | -7.64% | 0.33x | 4.07x | CN¥-29.63 Million |
| 2024 | 36.58% | 21.44% | 0.63x | 2.71x | CN¥61.71 Million |
Industry Comparison
This section compares Langfang Development Co Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $1,403,019,882
- Average return on equity (ROE) among peers: 9.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Langfang Development Co Ltd (600149) | CN¥330.52 Million | 16.98% | 0.74x | $205.41 Million |
| Shenzhen Huaqiang Industry Co Ltd (000062) | $210.47 Million | 33.49% | 2.37x | $1.47 Billion |
| Telling Telecommunication Holding Co Ltd (000829) | $215.79 Million | 10.04% | 0.39x | $934.40 Million |
| Unisplendour Corp Ltd (000938) | $65.58 Million | 48.24% | 1.65x | $7.08 Billion |
| Shenzhen H&T Intelligent Control Co Ltd (002402) | $5.39 Billion | 6.76% | 1.22x | $3.35 Billion |
| Beijing Oriental Jicheng Co Ltd (002819) | $154.47 Million | 19.54% | 0.50x | $460.40 Million |
| GuangDong Rifeng Electric Cable Co Ltd (002953) | $1.25 Billion | 10.16% | 1.10x | $322.70 Million |
| Wuhan PS Information Tech (300184) | $2.92 Billion | -59.48% | 0.64x | $1.56 Billion |
| Shenyu Communication Technology Inc (300563) | $242.28 Million | 13.41% | 0.54x | $480.11 Million |
| Nanjing Sunlord Electronics Corporation LTD (300975) | $2.18 Billion | 3.25% | 1.70x | $828.69 Million |