Liuzhou Chemical Industry Co Ltd (600423) - Net Assets
Based on the latest financial reports, Liuzhou Chemical Industry Co Ltd (600423) has net assets worth CN¥559.03 Million CNY (≈ $81.80 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¥618.15 Million ≈ $90.45 Million USD) and total liabilities (CN¥59.12 Million ≈ $8.65 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 Liuzhou Chemical Industry Co Ltd (600423) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥559.03 Million |
| % of Total Assets | 90.44% |
| Annual Growth Rate | 7.24% |
| 5-Year Change | 40.37% |
| 10-Year Change | -29.93% |
| Growth Volatility | 1125.4 |
Liuzhou Chemical Industry Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Liuzhou Chemical Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Liuzhou Chemical Industry Co Ltd (600423) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Liuzhou Chemical Industry Co Ltd (2000–2024)
The table below shows the annual net assets of Liuzhou Chemical Industry Co Ltd from 2000 to 2024. For live valuation and market cap data, see Liuzhou Chemical Industry Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥551.55 Million ≈ $80.71 Million |
+8.43% |
| 2023-12-31 | CN¥508.65 Million ≈ $74.43 Million |
+16.44% |
| 2022-12-31 | CN¥436.83 Million ≈ $63.92 Million |
+3.39% |
| 2021-12-31 | CN¥422.52 Million ≈ $61.83 Million |
+7.53% |
| 2020-12-31 | CN¥392.92 Million ≈ $57.50 Million |
+3.58% |
| 2019-12-31 | CN¥379.33 Million ≈ $55.51 Million |
-82.53% |
| 2018-12-31 | CN¥2.17 Billion ≈ $317.71 Million |
+5519.81% |
| 2017-12-31 | CN¥38.63 Million ≈ $5.65 Million |
+257.63% |
| 2016-12-31 | CN¥-24.51 Million ≈ $-3.59 Million |
-103.11% |
| 2015-12-31 | CN¥787.10 Million ≈ $115.18 Million |
-39.58% |
| 2014-12-31 | CN¥1.30 Billion ≈ $190.61 Million |
-5.02% |
| 2013-12-31 | CN¥1.37 Billion ≈ $200.68 Million |
-12.28% |
| 2012-12-31 | CN¥1.56 Billion ≈ $228.78 Million |
+1.62% |
| 2011-12-31 | CN¥1.54 Billion ≈ $225.13 Million |
+4.45% |
| 2010-12-31 | CN¥1.47 Billion ≈ $215.53 Million |
+2.35% |
| 2009-12-31 | CN¥1.44 Billion ≈ $210.58 Million |
+4.82% |
| 2008-12-31 | CN¥1.37 Billion ≈ $200.90 Million |
+5.30% |
| 2007-12-31 | CN¥1.30 Billion ≈ $190.79 Million |
+52.60% |
| 2006-12-31 | CN¥854.43 Million ≈ $125.03 Million |
+14.53% |
| 2005-12-31 | CN¥746.03 Million ≈ $109.17 Million |
+14.45% |
| 2004-12-31 | CN¥651.84 Million ≈ $95.39 Million |
+7.73% |
| 2003-12-31 | CN¥605.09 Million ≈ $88.54 Million |
+273.51% |
| 2002-12-31 | CN¥162.00 Million ≈ $23.71 Million |
+10.75% |
| 2001-12-31 | CN¥146.28 Million ≈ $21.41 Million |
+42.11% |
| 2000-12-31 | CN¥102.93 Million ≈ $15.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Liuzhou Chemical Industry 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 206895571700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥798.70 Million | 144.81% |
| Other Comprehensive Income | CN¥233.80 Million | 42.39% |
| Other Components | CN¥1.59 Billion | 287.92% |
| Total Equity | CN¥551.55 Million | 100.00% |
Liuzhou Chemical Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Liuzhou Chemical Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eagle Point Income Company Inc
NYSE:EIC
|
$267.80 Million |
|
Ashtead Group PLC
LSE:AHT
|
$268.00 Million |
|
Hsin Tai Gas Co Ltd
TWO:8917
|
$268.01 Million |
|
Blue Water Acquisition Corp. III Class A Ordinary Shares
NASDAQ:BLUW
|
$268.14 Million |
|
Fluxys Belgium
BR:FLUX
|
$267.64 Million |
|
Strike Energy Ltd
AU:STX
|
$267.41 Million |
|
Oyster Enterprises II Acquisition Corp Class A Ordinary Shares
NASDAQ:OYSE
|
$267.36 Million |
|
Eaton Vance National Municipal Opportunities Closed Fund
NYSE:EOT
|
$267.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Liuzhou Chemical Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 508,653,549 to 551,552,708, a change of 42,899,159 (8.4%).
- Net income of 30,175,257 contributed positively to equity growth.
- Other comprehensive income increased equity by 227,167,705.
- Other factors decreased equity by 214,443,803.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥30.18 Million | +5.47% |
| Other Comprehensive Income | CN¥227.17 Million | +41.19% |
| Other Changes | CN¥-214.44 Million | -38.88% |
| Total Change | CN¥- | 8.43% |
Book Value vs Market Value Analysis
This analysis compares Liuzhou Chemical Industry 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: 3.13x
- 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 7.91x to 3.13x 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¥0.29 | CN¥2.29 | x |
| 2001-12-31 | CN¥0.41 | CN¥2.29 | x |
| 2002-12-31 | CN¥0.46 | CN¥2.29 | x |
| 2003-12-31 | CN¥1.70 | CN¥2.29 | x |
| 2004-12-31 | CN¥1.83 | CN¥2.29 | x |
| 2005-12-31 | CN¥2.10 | CN¥2.29 | x |
| 2006-12-31 | CN¥2.30 | CN¥2.29 | x |
| 2007-12-31 | CN¥3.37 | CN¥2.29 | x |
| 2008-12-31 | CN¥3.40 | CN¥2.29 | x |
| 2009-12-31 | CN¥3.26 | CN¥2.29 | x |
| 2010-12-31 | CN¥3.54 | CN¥2.29 | x |
| 2011-12-31 | CN¥3.78 | CN¥2.29 | x |
| 2012-12-31 | CN¥3.60 | CN¥2.29 | x |
| 2013-12-31 | CN¥3.31 | CN¥2.29 | x |
| 2014-12-31 | CN¥2.96 | CN¥2.29 | x |
| 2015-12-31 | CN¥1.98 | CN¥2.29 | x |
| 2016-12-31 | CN¥-0.06 | CN¥2.29 | x |
| 2017-12-31 | CN¥0.09 | CN¥2.29 | x |
| 2018-12-31 | CN¥5.05 | CN¥2.29 | x |
| 2019-12-31 | CN¥0.47 | CN¥2.29 | x |
| 2020-12-31 | CN¥0.34 | CN¥2.29 | x |
| 2021-12-31 | CN¥0.36 | CN¥2.29 | x |
| 2022-12-31 | CN¥0.55 | CN¥2.29 | x |
| 2023-12-31 | CN¥0.62 | CN¥2.29 | x |
| 2024-12-31 | CN¥0.73 | CN¥2.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Liuzhou Chemical Industry 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): 5.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.30%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.09x
- Recent ROE (5.47%) is above the historical average (-8.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 24.24% | 6.40% | 1.33x | 2.85x | CN¥14.66 Million |
| 2001 | 20.52% | 7.29% | 1.27x | 2.21x | CN¥15.39 Million |
| 2002 | 21.77% | 7.96% | 1.00x | 2.73x | CN¥19.07 Million |
| 2003 | 7.36% | 9.09% | 0.54x | 1.51x | CN¥-15.99 Million |
| 2004 | 10.55% | 10.92% | 0.61x | 1.58x | CN¥3.59 Million |
| 2005 | 12.68% | 10.67% | 0.61x | 1.94x | CN¥19.97 Million |
| 2006 | 14.21% | 12.00% | 0.48x | 2.45x | CN¥35.66 Million |
| 2007 | 10.57% | 11.15% | 0.43x | 2.23x | CN¥7.41 Million |
| 2008 | 6.69% | 5.62% | 0.47x | 2.54x | CN¥-45.01 Million |
| 2009 | 1.47% | 1.34% | 0.39x | 2.83x | CN¥-119.52 Million |
| 2010 | 3.95% | 2.72% | 0.47x | 3.07x | CN¥-86.73 Million |
| 2011 | 4.49% | 2.52% | 0.59x | 3.03x | CN¥-82.41 Million |
| 2012 | 2.72% | 1.45% | 0.66x | 2.85x | CN¥-109.74 Million |
| 2013 | -11.17% | -5.75% | 0.60x | 3.23x | CN¥-282.07 Million |
| 2014 | 0.67% | 0.28% | 0.58x | 4.10x | CN¥-121.47 Million |
| 2015 | -61.69% | -18.47% | 0.55x | 6.08x | CN¥-564.26 Million |
| 2016 | 0.00% | -39.31% | 0.56x | 0.00x | CN¥-813.79 Million |
| 2017 | 159.32% | 3.36% | 0.57x | 82.92x | CN¥57.69 Million |
| 2018 | 17.83% | 19.43% | 0.73x | 1.25x | CN¥171.40 Million |
| 2019 | -494.62% | -501.72% | 0.63x | 1.56x | CN¥-1.91 Billion |
| 2020 | 3.24% | 11.87% | 0.23x | 1.19x | CN¥-26.58 Million |
| 2021 | 6.82% | 22.64% | 0.26x | 1.15x | CN¥-13.44 Million |
| 2022 | 3.63% | 11.29% | 0.27x | 1.17x | CN¥-27.83 Million |
| 2023 | 14.40% | 51.62% | 0.26x | 1.08x | CN¥22.39 Million |
| 2024 | 5.47% | 18.30% | 0.27x | 1.09x | CN¥-24.98 Million |
Industry Comparison
This section compares Liuzhou Chemical Industry Co Ltd's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $2,671,873,882
- Average return on equity (ROE) among peers: 9.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Liuzhou Chemical Industry Co Ltd (600423) | CN¥559.03 Million | 24.24% | 0.11x | $267.64 Million |
| Hubei Yihua Chemical Industry Co Ltd (000422) | $13.55 Billion | 6.56% | 2.40x | $2.09 Billion |
| Nanjing Red Sun Co Ltd (000525) | $2.95 Billion | 13.14% | 1.46x | $831.95 Million |
| ADAMA Ltd (000553) | $1.12 Billion | 2.13% | 0.80x | $1.84 Billion |
| Grand Industrial Holding Co Ltd (000626) | $12.65 Million | 0.00% | 2.96x | $517.47 Million |
| Sichuan Meifeng Chemical Industry Co Ltd (000731) | $1.27 Billion | 19.58% | 0.78x | $440.10 Million |
| Qinghai Salt Lake Industry Co.Ltd (000792) | $687.57 Million | 11.78% | 0.49x | $23.04 Billion |
| Asia Potash International Investment Guangzhou Co Ltd (000893) | $137.96 Million | 36.31% | 2.09x | $5.53 Billion |
| Hubei Xinyangfeng Fertilizer Co Ltd (000902) | $417.86 Million | 0.76% | 1.26x | $2.23 Billion |
| Sichuan Lutianhua Co Ltd (000912) | $6.38 Billion | 1.20% | 0.60x | $782.42 Million |
| Guangxi Hechi Chemical Co Ltd (000953) | $194.14 Million | 5.16% | 1.04x | $297.88 Million |
About Liuzhou Chemical Industry Co Ltd
Liuzhou Chemical Industry Co., Ltd. produces and sells hydrogen peroxide in China. The company also exports its products. Its products are used for applications in caprolactam, papermaking, printing and dyeing textiles, electronics industry, sewage treatment, etc. Liuzhou Chemical Industry Co., Ltd. was founded in 2001 and is based in Liuzhou, China.