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¥3.46 Billion CNY (≈ $505.81 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.45 Billion ≈ $797.53 Million USD) and total liabilities (CN¥1.99 Billion ≈ $291.72 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 600184 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.46 Billion |
| % of Total Assets | 63.42% |
| Annual Growth Rate | 17.44% |
| 5-Year Change | 41.17% |
| 10-Year Change | 52.78% |
| Growth Volatility | 52.71 |
North Electro-Optic Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how North Electro-Optic Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600184 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for North Electro-Optic Co Ltd (2000–2025)
The table below shows the annual net assets of North Electro-Optic Co Ltd from 2000 to 2025. For live valuation and market cap data, see North Electro-Optic Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.45 Billion ≈ $505.20 Million |
+46.97% |
| 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 12856.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥409.87 Million | 12.00% |
| Other Components | CN¥3.00 Billion | 88.00% |
| Total Equity | CN¥3.41 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 |
|---|---|
|
Neuland Laboratories Limited
NSE:NEULANDLAB
|
$2.41 Billion |
|
Peloton Interactive Inc
NASDAQ:PTON
|
$2.41 Billion |
|
Tenable Holdings Inc
NASDAQ:TENB
|
$2.41 Billion |
|
Thule Group AB
ST:THULE
|
$2.41 Billion |
|
Jinhui Mining Co Ltd
SHG:603132
|
$2.40 Billion |
|
Inventrust Properties Corp
NYSE:IVT
|
$2.40 Billion |
|
Xiangtan Electric Manufacturing Co Ltd
SHG:600416
|
$2.40 Billion |
|
TransMedics Group Inc
NASDAQ:TMDX
|
$2.40 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 2024 to 2025, total equity changed from 2,348,999,733 to 3,414,161,361, a change of 1,065,161,628 (45.3%).
- Net income of 51,080,235 contributed positively to equity growth.
- Dividend payments of 1,771,689 reduced retained earnings.
- Other comprehensive income decreased equity by 17,899,609.
- Other factors increased equity by 1,033,752,691.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥51.08 Million | +1.5% |
| Dividends Paid | CN¥1.77 Million | -0.05% |
| Other Comprehensive Income | CN¥-17.90 Million | -0.52% |
| Other Changes | CN¥1.03 Billion | +30.28% |
| Total Change | CN¥- | 45.35% |
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: 4.82x
- 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 61.16x to 4.82x 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¥28.22 | x |
| 2001-12-31 | CN¥0.57 | CN¥28.22 | x |
| 2002-12-31 | CN¥0.60 | CN¥28.22 | x |
| 2003-12-31 | CN¥1.43 | CN¥28.22 | x |
| 2004-12-31 | CN¥1.44 | CN¥28.22 | x |
| 2005-12-31 | CN¥1.47 | CN¥28.22 | x |
| 2006-12-31 | CN¥2.41 | CN¥28.22 | x |
| 2007-12-31 | CN¥1.64 | CN¥28.22 | x |
| 2008-12-31 | CN¥1.59 | CN¥28.22 | x |
| 2009-12-31 | CN¥0.84 | CN¥28.22 | x |
| 2010-12-31 | CN¥6.11 | CN¥28.22 | x |
| 2011-12-31 | CN¥6.29 | CN¥28.22 | x |
| 2012-12-31 | CN¥6.55 | CN¥28.22 | x |
| 2013-12-31 | CN¥6.04 | CN¥28.22 | x |
| 2014-12-31 | CN¥4.79 | CN¥28.22 | x |
| 2015-12-31 | CN¥5.22 | CN¥28.22 | x |
| 2016-12-31 | CN¥4.55 | CN¥28.22 | x |
| 2017-12-31 | CN¥4.62 | CN¥28.22 | x |
| 2018-12-31 | CN¥4.41 | CN¥28.22 | x |
| 2019-12-31 | CN¥4.65 | CN¥28.22 | x |
| 2020-12-31 | CN¥4.72 | CN¥28.22 | x |
| 2021-12-31 | CN¥4.81 | CN¥28.22 | x |
| 2022-12-31 | CN¥4.90 | CN¥28.22 | x |
| 2023-12-31 | CN¥4.99 | CN¥28.22 | x |
| 2024-12-31 | CN¥4.62 | CN¥28.22 | x |
| 2025-12-31 | CN¥5.86 | CN¥28.22 | 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): 1.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.09%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.55x
- Recent ROE (1.50%) is below the historical average (3.21%), 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 |
| 2025 | 1.50% | 2.09% | 0.46x | 1.55x | CN¥-290.34 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: $4,521,607,784
- Average return on equity (ROE) among peers: -17.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Electro-Optic Co Ltd (600184) | CN¥3.46 Billion | 16.48% | 0.58x | $2.41 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.81 Billion | 9.38% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $78.67 Million | 125.00% | 0.63x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.26 Billion | 6.39% | 3.26x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $24.50 Billion | 1.27% | 1.96x | $7.89 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.