North Electro-Optic Co Ltd (600184) - Net Assets
Based on the latest financial reports, North Electro-Optic Co Ltd (600184) has net assets worth CN¥3.42 Billion CNY (≈ $501.13 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¥5.12 Billion ≈ $749.66 Million USD) and total liabilities (CN¥1.70 Billion ≈ $248.53 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. Read North Electro-Optic Co Ltd total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.42 Billion |
| % of Total Assets | 66.85% |
| Annual Growth Rate | 16.35% |
| 5-Year Change | -2.11% |
| 10-Year Change | 3.96% |
| Growth Volatility | 53.59 |
North Electro-Optic Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how North Electro-Optic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of North Electro-Optic Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for North Electro-Optic Co Ltd (2000–2024)
The table below shows the annual net assets of North Electro-Optic Co Ltd from 2000 to 2024. For live valuation and market cap data, see North Electro-Optic Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.35 Billion ≈ $343.73 Million |
-7.51% |
| 2023-12-31 | CN¥2.54 Billion ≈ $371.64 Million |
+1.82% |
| 2022-12-31 | CN¥2.49 Billion ≈ $364.99 Million |
+1.99% |
| 2021-12-31 | CN¥2.45 Billion ≈ $357.86 Million |
+1.91% |
| 2020-12-31 | CN¥2.40 Billion ≈ $351.14 Million |
+1.39% |
| 2019-12-31 | CN¥2.37 Billion ≈ $346.32 Million |
+1.94% |
| 2018-12-31 | CN¥2.32 Billion ≈ $339.73 Million |
+1.40% |
| 2017-12-31 | CN¥2.29 Billion ≈ $335.06 Million |
+1.32% |
| 2016-12-31 | CN¥2.26 Billion ≈ $330.68 Million |
+0.01% |
| 2015-12-31 | CN¥2.26 Billion ≈ $330.63 Million |
+125.16% |
| 2014-12-31 | CN¥1.00 Billion ≈ $146.84 Million |
+6.91% |
| 2013-12-31 | CN¥938.65 Million ≈ $137.35 Million |
-8.21% |
| 2012-12-31 | CN¥1.02 Billion ≈ $149.64 Million |
+2.17% |
| 2011-12-31 | CN¥1.00 Billion ≈ $146.46 Million |
+1.27% |
| 2010-12-31 | CN¥988.31 Million ≈ $144.62 Million |
+88.71% |
| 2009-12-31 | CN¥523.71 Million ≈ $76.63 Million |
+3.56% |
| 2008-12-31 | CN¥505.72 Million ≈ $74.00 Million |
+34.13% |
| 2007-12-31 | CN¥377.04 Million ≈ $55.17 Million |
-0.02% |
| 2006-12-31 | CN¥377.10 Million ≈ $55.18 Million |
+30.54% |
| 2005-12-31 | CN¥288.89 Million ≈ $42.27 Million |
+1.29% |
| 2004-12-31 | CN¥285.22 Million ≈ $41.74 Million |
+4.53% |
| 2003-12-31 | CN¥272.84 Million ≈ $39.93 Million |
+235.64% |
| 2002-12-31 | CN¥81.29 Million ≈ $11.90 Million |
+6.14% |
| 2001-12-31 | CN¥76.59 Million ≈ $11.21 Million |
+23.41% |
| 2000-12-31 | CN¥62.06 Million ≈ $9.08 Million |
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Equity Component Analysis
This analysis shows how different components contribute to North Electro-Optic 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 11357.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥362.44 Million | 15.43% |
| Common Stock | CN¥508.76 Million | 21.66% |
| Other Comprehensive Income | CN¥17.90 Million | 0.76% |
| Other Components | CN¥1.46 Billion | 62.15% |
| Total Equity | CN¥2.35 Billion | 100.00% |
North Electro-Optic Co Ltd Competitors by Market Cap
The table below lists competitors of North Electro-Optic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Ysstech Info-Tech Co Ltd
SHE:300377
|
$1.87 Billion |
|
United Parks & Resorts Inc
NYSE:PRKS
|
$1.87 Billion |
|
Marriot Vacations Worldwide
NYSE:VAC
|
$1.87 Billion |
|
Jyoti CNC Automation Limited
NSE:JYOTICNC
|
$1.87 Billion |
|
Super Retail Group Ltd
AU:SUL
|
$1.86 Billion |
|
Galapagos NV
F:GXEA
|
$1.86 Billion |
|
Sarepta Therapeutics Inc
NASDAQ:SRPT
|
$1.86 Billion |
|
Thanachart Capital Public Company Limited
BK:TCAP
|
$1.86 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North Electro-Optic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,539,728,496 to 2,348,999,733, a change of -190,728,763 (-7.5%).
- Net loss of 206,094,581 reduced equity.
- Dividend payments of 29,274,107 reduced retained earnings.
- Other comprehensive income increased equity by 11,469,194.
- Other factors increased equity by 33,170,731.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-206.09 Million | -8.77% |
| Dividends Paid | CN¥29.27 Million | -1.25% |
| Other Comprehensive Income | CN¥11.47 Million | +0.49% |
| Other Changes | CN¥33.17 Million | +1.41% |
| Total Change | CN¥- | -7.51% |
Book Value vs Market Value Analysis
This analysis compares North Electro-Optic 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: 4.74x
- 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 47.40x to 4.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CN¥0.46 | CN¥21.87 | x |
| 2001-12-31 | CN¥0.57 | CN¥21.87 | x |
| 2002-12-31 | CN¥0.60 | CN¥21.87 | x |
| 2003-12-31 | CN¥1.43 | CN¥21.87 | x |
| 2004-12-31 | CN¥1.44 | CN¥21.87 | x |
| 2005-12-31 | CN¥1.47 | CN¥21.87 | x |
| 2006-12-31 | CN¥2.41 | CN¥21.87 | x |
| 2007-12-31 | CN¥1.64 | CN¥21.87 | x |
| 2008-12-31 | CN¥1.59 | CN¥21.87 | x |
| 2009-12-31 | CN¥0.84 | CN¥21.87 | x |
| 2010-12-31 | CN¥6.11 | CN¥21.87 | x |
| 2011-12-31 | CN¥6.29 | CN¥21.87 | x |
| 2012-12-31 | CN¥6.55 | CN¥21.87 | x |
| 2013-12-31 | CN¥6.04 | CN¥21.87 | x |
| 2014-12-31 | CN¥4.79 | CN¥21.87 | x |
| 2015-12-31 | CN¥5.22 | CN¥21.87 | x |
| 2016-12-31 | CN¥4.55 | CN¥21.87 | x |
| 2017-12-31 | CN¥4.62 | CN¥21.87 | x |
| 2018-12-31 | CN¥4.41 | CN¥21.87 | x |
| 2019-12-31 | CN¥4.65 | CN¥21.87 | x |
| 2020-12-31 | CN¥4.72 | CN¥21.87 | x |
| 2021-12-31 | CN¥4.81 | CN¥21.87 | x |
| 2022-12-31 | CN¥4.90 | CN¥21.87 | x |
| 2023-12-31 | CN¥4.99 | CN¥21.87 | x |
| 2024-12-31 | CN¥4.62 | CN¥21.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North Electro-Optic 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): -8.77%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.89%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.79x
- Recent ROE (-8.77%) is below the historical average (3.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 16.48% | 12.74% | 0.48x | 2.70x | CN¥4.02 Million |
| 2001 | 18.84% | 16.82% | 0.44x | 2.54x | CN¥6.77 Million |
| 2002 | 15.59% | 14.04% | 0.41x | 2.69x | CN¥4.55 Million |
| 2003 | 4.93% | 13.70% | 0.24x | 1.51x | CN¥-13.66 Million |
| 2004 | 3.27% | 7.01% | 0.30x | 1.54x | CN¥-18.29 Million |
| 2005 | 1.47% | 2.60% | 0.38x | 1.49x | CN¥-23.73 Million |
| 2006 | 2.08% | 3.41% | 0.27x | 2.26x | CN¥-25.66 Million |
| 2007 | 2.13% | 1.65% | 0.49x | 2.65x | CN¥-26.06 Million |
| 2008 | 2.20% | 1.00% | 0.66x | 3.33x | CN¥-26.78 Million |
| 2009 | 2.68% | 0.56% | 1.32x | 3.61x | CN¥-25.98 Million |
| 2010 | 9.41% | 4.86% | 0.71x | 2.73x | CN¥-5.52 Million |
| 2011 | 2.41% | 1.18% | 0.68x | 3.01x | CN¥-72.93 Million |
| 2012 | 0.30% | 0.16% | 0.63x | 2.99x | CN¥-97.08 Million |
| 2013 | -18.01% | -9.54% | 0.69x | 2.73x | CN¥-258.71 Million |
| 2014 | 6.26% | 3.37% | 0.63x | 2.96x | CN¥-36.99 Million |
| 2015 | 2.11% | 1.72% | 0.66x | 1.86x | CN¥-177.11 Million |
| 2016 | 1.32% | 1.34% | 0.57x | 1.72x | CN¥-194.69 Million |
| 2017 | 1.95% | 2.35% | 0.49x | 1.68x | CN¥-183.41 Million |
| 2018 | 2.50% | 2.39% | 0.68x | 1.53x | CN¥-174.21 Million |
| 2019 | 2.62% | 2.66% | 0.61x | 1.62x | CN¥-174.72 Million |
| 2020 | 2.16% | 2.08% | 0.49x | 2.13x | CN¥-188.06 Million |
| 2021 | 2.56% | 1.89% | 0.72x | 1.89x | CN¥-182.07 Million |
| 2022 | 2.85% | 2.83% | 0.59x | 1.71x | CN¥-178.41 Million |
| 2023 | 2.72% | 3.14% | 0.54x | 1.61x | CN¥-184.80 Million |
| 2024 | -8.77% | -15.89% | 0.31x | 1.79x | CN¥-440.99 Million |
Industry Comparison
This section compares North Electro-Optic Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,684,451,591
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Electro-Optic Co Ltd (600184) | CN¥3.42 Billion | 16.48% | 0.50x | $1.86 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $377.84 Million | -26.68% | 6.81x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.34 Billion | 8.70% | 0.29x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.90 Billion | 2.65% | 0.72x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $692.15 Million | 13.19% | 0.78x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $502.87 Million | 29.75% | 1.40x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.33 Million | -7.97% | 0.17x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $9.75 Billion |
About North Electro-Optic Co Ltd
North Electro-Optic Co.,Ltd. researches, develops, produces, and sells optoelectronic materials and devices in China and internationally. The company also provides optoelectronic defense products, including large weapon systems, precision guidance seekers, and optoelectronic information equipment. The company was founded in 2000 and is headquartered in Xi'an, China.