Fujian Longking Co Ltd (600388) - Net Assets

Latest as of September 2025: CN¥10.80 Billion CNY ≈ $1.58 Billion USD

Based on the latest financial reports, Fujian Longking Co Ltd (600388) has net assets worth CN¥10.80 Billion CNY (≈ $1.58 Billion 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¥28.42 Billion ≈ $4.16 Billion USD) and total liabilities (CN¥17.62 Billion ≈ $2.58 Billion 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 Fujian Longking Co Ltd (600388) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥10.80 Billion
% of Total Assets 37.99%
Annual Growth Rate 25.48%
5-Year Change 63.13%
10-Year Change 182.1%
Growth Volatility 74.3

Fujian Longking Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Fujian Longking Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Fujian Longking Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Fujian Longking Co Ltd (1997–2024)

The table below shows the annual net assets of Fujian Longking Co Ltd from 1997 to 2024. For live valuation and market cap data, see Fujian Longking Co Ltd stock valuation.

Year Net Assets Change
2024-12-31 CN¥10.34 Billion
≈ $1.51 Billion		 +30.04%
2023-12-31 CN¥7.95 Billion
≈ $1.16 Billion		 +4.91%
2022-12-31 CN¥7.58 Billion
≈ $1.11 Billion		 +7.86%
2021-12-31 CN¥7.02 Billion
≈ $1.03 Billion		 +10.86%
2020-12-31 CN¥6.34 Billion
≈ $927.19 Million		 +9.60%
2019-12-31 CN¥5.78 Billion
≈ $845.95 Million		 +13.60%
2018-12-31 CN¥5.09 Billion
≈ $744.67 Million		 +11.45%
2017-12-31 CN¥4.57 Billion
≈ $668.18 Million		 +12.35%
2016-12-31 CN¥4.06 Billion
≈ $594.72 Million		 +10.92%
2015-12-31 CN¥3.66 Billion
≈ $536.17 Million		 +12.95%
2014-12-31 CN¥3.24 Billion
≈ $474.69 Million		 +13.38%
2013-12-31 CN¥2.86 Billion
≈ $418.69 Million		 +10.11%
2012-12-31 CN¥2.60 Billion
≈ $380.25 Million		 +11.51%
2011-12-31 CN¥2.33 Billion
≈ $340.99 Million		 +11.47%
2010-12-31 CN¥2.09 Billion
≈ $305.91 Million		 +3.67%
2009-12-31 CN¥2.02 Billion
≈ $295.07 Million		 +77.24%
2008-12-31 CN¥1.14 Billion
≈ $166.48 Million		 +4.80%
2007-12-31 CN¥1.09 Billion
≈ $158.85 Million		 +23.19%
2006-12-31 CN¥881.18 Million
≈ $128.94 Million		 +14.37%
2005-12-31 CN¥770.44 Million
≈ $112.74 Million		 +4.38%
2004-12-31 CN¥738.10 Million
≈ $108.01 Million		 +5.73%
2003-12-31 CN¥698.12 Million
≈ $102.16 Million		 +6.31%
2002-12-31 CN¥656.68 Million
≈ $96.09 Million		 +3.14%
2001-12-31 CN¥636.66 Million
≈ $93.16 Million		 +7.33%
2000-12-31 CN¥593.19 Million
≈ $86.80 Million		 +365.40%
1999-12-31 CN¥127.46 Million
≈ $18.65 Million		 +110.42%
1998-12-31 CN¥60.57 Million
≈ $8.86 Million		 +168.85%
1997-12-31 CN¥22.53 Million
≈ $3.30 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Fujian Longking 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 591062186000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥5.91 Billion 58.10%
Common Stock CN¥1.27 Billion 12.48%
Other Comprehensive Income CN¥644.85 Million 6.34%
Other Components CN¥2.35 Billion 23.08%
Total Equity CN¥10.17 Billion 100.00%

Fujian Longking Co Ltd Competitors by Market Cap

The table below lists competitors of Fujian Longking Co Ltd ranked by their market capitalization.

Company Market Cap
K.P.R. Mill Limited
NSE:KPRMILL
 $3.46 Billion
Academy Sports Outdoors Inc
NASDAQ:ASO
 $3.47 Billion
Jilin Power Share Co Ltd
SHE:000875
 $3.47 Billion
H&E Equipment Services Inc
NASDAQ:HEES
 $3.47 Billion
Kangmei Pharmaceutical Co Ltd
SHG:600518
 $3.46 Billion
CMB.TECH NV
BR:CMBT
 $3.46 Billion
China Zhenhua Group Science & Technology Co Ltd
SHE:000733
 $3.46 Billion
COFCO Capital Holdings Co Ltd
SHE:002423
 $3.45 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fujian Longking Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,746,009,200 to 10,173,175,507, a change of 2,427,166,307 (31.3%).
  • Net income of 830,404,253 contributed positively to equity growth.
  • Dividend payments of 321,187,508 reduced retained earnings.
  • Share repurchases of 1,000,000 reduced equity.
  • Other comprehensive income decreased equity by 191,319,687.
  • Other factors increased equity by 2,110,269,249.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥830.40 Million +8.16%
Dividends Paid CN¥321.19 Million -3.16%
Share Repurchases CN¥1.00 Million -0.01%
Other Comprehensive Income CN¥-191.32 Million -1.88%
Other Changes CN¥2.11 Billion +20.74%
Total Change CN¥- 31.33%

Book Value vs Market Value Analysis

This analysis compares Fujian Longking 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: 1.97x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 692.66x to 1.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.03 CN¥18.62 x
1998-12-31 CN¥0.07 CN¥18.62 x
1999-12-31 CN¥0.15 CN¥18.62 x
2000-12-31 CN¥0.70 CN¥18.62 x
2001-12-31 CN¥0.74 CN¥18.62 x
2002-12-31 CN¥0.76 CN¥18.62 x
2003-12-31 CN¥0.81 CN¥18.62 x
2004-12-31 CN¥0.84 CN¥18.62 x
2005-12-31 CN¥0.88 CN¥18.62 x
2006-12-31 CN¥1.02 CN¥18.62 x
2007-12-31 CN¥1.26 CN¥18.62 x
2008-12-31 CN¥1.31 CN¥18.62 x
2009-12-31 CN¥2.06 CN¥18.62 x
2010-12-31 CN¥1.97 CN¥18.62 x
2011-12-31 CN¥2.16 CN¥18.62 x
2012-12-31 CN¥2.39 CN¥18.62 x
2013-12-31 CN¥2.61 CN¥18.62 x
2014-12-31 CN¥2.92 CN¥18.62 x
2015-12-31 CN¥3.31 CN¥18.62 x
2016-12-31 CN¥3.74 CN¥18.62 x
2017-12-31 CN¥4.25 CN¥18.62 x
2018-12-31 CN¥4.73 CN¥18.62 x
2019-12-31 CN¥5.37 CN¥18.62 x
2020-12-31 CN¥5.38 CN¥18.62 x
2021-12-31 CN¥5.84 CN¥18.62 x
2022-12-31 CN¥6.25 CN¥18.62 x
2023-12-31 CN¥6.85 CN¥18.62 x
2024-12-31 CN¥9.43 CN¥18.62 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fujian Longking 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): 8.16%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.29%
  • • Asset Turnover: 0.37x
  • • Equity Multiplier: 2.63x
  • Recent ROE (8.16%) is below the historical average (11.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 4.83% 1.20% 0.49x 8.21x CN¥-1.16 Million
1998 11.05% 6.62% 0.41x 4.10x CN¥637.41K
1999 10.63% 9.27% 0.41x 2.82x CN¥807.93K
2000 3.24% 10.26% 0.22x 1.45x CN¥-39.53 Million
2001 5.99% 10.56% 0.38x 1.48x CN¥-24.83 Million
2002 4.04% 6.70% 0.34x 1.75x CN¥-37.77 Million
2003 5.96% 6.75% 0.37x 2.39x CN¥-27.28 Million
2004 6.72% 4.15% 0.62x 2.61x CN¥-23.21 Million
2005 6.80% 3.65% 0.58x 3.18x CN¥-23.64 Million
2006 16.91% 8.06% 0.63x 3.32x CN¥58.90 Million
2007 11.79% 5.43% 0.65x 3.36x CN¥18.87 Million
2008 15.93% 5.98% 0.70x 3.81x CN¥64.93 Million
2009 13.08% 7.54% 0.70x 2.48x CN¥60.67 Million
2010 10.96% 6.72% 0.59x 2.79x CN¥19.77 Million
2011 11.00% 7.17% 0.59x 2.61x CN¥23.01 Million
2012 11.40% 6.86% 0.57x 2.92x CN¥35.77 Million
2013 16.41% 8.20% 0.65x 3.07x CN¥178.39 Million
2014 14.73% 7.69% 0.53x 3.64x CN¥148.84 Million
2015 15.71% 7.58% 0.55x 3.79x CN¥203.63 Million
2016 16.58% 8.27% 0.55x 3.66x CN¥263.56 Million
2017 16.01% 8.97% 0.55x 3.22x CN¥271.82 Million
2018 15.87% 8.55% 0.50x 3.73x CN¥296.29 Million
2019 14.91% 7.79% 0.51x 3.78x CN¥280.09 Million
2020 11.34% 6.90% 0.41x 4.06x CN¥83.10 Million
2021 12.49% 7.62% 0.42x 3.91x CN¥171.57 Million
2022 10.89% 6.77% 0.45x 3.57x CN¥65.61 Million
2023 6.57% 4.64% 0.43x 3.27x CN¥-265.63 Million
2024 8.16% 8.29% 0.37x 2.63x CN¥-186.91 Million

Industry Comparison

This section compares Fujian Longking Co Ltd's net assets metrics with peer companies in the Pollution & Treatment Controls industry.

Industry Context

  • Industry: Pollution & Treatment Controls
  • Average net assets among peers: $1,022,939,160
  • Average return on equity (ROE) among peers: 2.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Fujian Longking Co Ltd (600388) CN¥10.80 Billion 4.83% 1.63x $3.46 Billion
Central Plains Environment Protection Co Ltd (000544) $340.22 Million 6.78% 1.78x $1.21 Billion
Shenwu Energy Saving Co Ltd (000820) $299.63 Million -3.40% 5.07x $354.79 Million
Hebei Sailhero Environmental (300137) $156.24 Million 21.36% 0.68x $1.31 Billion
Xiongan Kerong Environment Technology Co Ltd (300152) $716.66 Million -66.38% 1.87x $208.61 Million
Nanjing CEC Environmental Protect (300172) $100.26 Million 29.74% 1.76x $537.70 Million
Shanghai Canature Environmental (300272) $513.34 Million 11.10% 0.09x $670.18 Million
Suzhou TA&A Ultra Clean Technology Co Ltd (300390) $136.74 Million 19.31% 0.61x $13.43 Billion
Scimee Sci &Tech Co Ltd (300425) $2.55 Billion 3.46% 0.84x $497.16 Million
Penyao Environmental Protection Co Ltd Class A (300664) $4.41 Billion 5.27% 0.83x $619.72 Million
ShenZhen GAD Environmental Technology Co. Ltd. (300854) $1.00 Billion 2.04% 0.74x $495.67 Million

About Fujian Longking Co Ltd

SHG:600388 China Pollution & Treatment Controls
Market Cap
$3.46 Billion
CN¥23.65 Billion CNY
Market Cap Rank
#4532 Global
#814 in China
Share Price
CN¥18.62
Change (1 day)
-1.48%
52-Week Range
CN¥11.30 - CN¥20.75
All Time High
CN¥20.75
Categories
Companies in China Pollution & Treatment Controls
About

Fujian Longking Co., Ltd. manufactures and sells environmental protection equipment worldwide. It operates through two segments: Environmental Protection and New Energy Segment. It offers products and solutions for air pollution control, water pollution control, solid and hazardous waste disposal, ecological restoration and protection, atmospheric environmental protection, energy storage, wind po… Read more