Lingyun Ind (600480) - Net Assets
Based on the latest financial reports, Lingyun Ind (600480) has net assets worth CN¥10.61 Billion CNY (≈ $1.55 Billion 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¥21.06 Billion ≈ $3.08 Billion USD) and total liabilities (CN¥10.45 Billion ≈ $1.53 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 Lingyun Ind tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.61 Billion |
| % of Total Assets | 50.38% |
| Annual Growth Rate | 16.34% |
| 5-Year Change | 55.12% |
| 10-Year Change | 114.79% |
| Growth Volatility | 25.92 |
Lingyun Ind - Net Assets Trend (2000–2025)
This chart illustrates how Lingyun Ind's net assets have evolved over time, based on quarterly financial data. See 600480 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lingyun Ind (2000–2025)
The table below shows the annual net assets of Lingyun Ind from 2000 to 2025. For live valuation and market cap data, see market cap of Lingyun Ind.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥10.34 Billion ≈ $1.51 Billion |
+7.21% |
| 2024-12-31 | CN¥9.65 Billion ≈ $1.41 Billion |
+6.44% |
| 2023-12-31 | CN¥9.06 Billion ≈ $1.33 Billion |
+7.15% |
| 2022-12-31 | CN¥8.46 Billion ≈ $1.24 Billion |
+26.88% |
| 2021-12-31 | CN¥6.67 Billion ≈ $975.71 Million |
-2.34% |
| 2020-12-31 | CN¥6.83 Billion ≈ $999.05 Million |
+4.16% |
| 2019-12-31 | CN¥6.55 Billion ≈ $959.19 Million |
+13.40% |
| 2018-12-31 | CN¥5.78 Billion ≈ $845.85 Million |
+8.07% |
| 2017-12-31 | CN¥5.35 Billion ≈ $782.67 Million |
+11.07% |
| 2016-12-31 | CN¥4.82 Billion ≈ $704.67 Million |
+10.46% |
| 2015-12-31 | CN¥4.36 Billion ≈ $637.94 Million |
+48.74% |
| 2014-12-31 | CN¥2.93 Billion ≈ $428.90 Million |
+7.35% |
| 2013-12-31 | CN¥2.73 Billion ≈ $399.53 Million |
+6.73% |
| 2012-12-31 | CN¥2.56 Billion ≈ $374.33 Million |
+0.08% |
| 2011-12-31 | CN¥2.56 Billion ≈ $374.02 Million |
+4.37% |
| 2010-12-31 | CN¥2.45 Billion ≈ $358.36 Million |
+78.32% |
| 2009-12-31 | CN¥1.37 Billion ≈ $200.97 Million |
+24.85% |
| 2008-12-31 | CN¥1.10 Billion ≈ $160.97 Million |
+14.22% |
| 2007-12-31 | CN¥963.08 Million ≈ $140.93 Million |
+14.61% |
| 2006-12-31 | CN¥840.29 Million ≈ $122.96 Million |
+14.07% |
| 2005-12-31 | CN¥736.66 Million ≈ $107.80 Million |
+2.71% |
| 2004-12-31 | CN¥717.25 Million ≈ $104.96 Million |
+20.43% |
| 2003-12-31 | CN¥595.59 Million ≈ $87.15 Million |
+116.37% |
| 2002-12-31 | CN¥275.26 Million ≈ $40.28 Million |
+7.72% |
| 2001-12-31 | CN¥255.53 Million ≈ $37.39 Million |
+8.67% |
| 2000-12-31 | CN¥235.15 Million ≈ $34.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lingyun Ind'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 306931472971.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.07 Billion | 38.11% |
| Other Components | CN¥4.98 Billion | 61.89% |
| Total Equity | CN¥8.05 Billion | 100.00% |
Lingyun Ind Competitors by Market Cap
The table below lists competitors of Lingyun Ind ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Burckhardt Compression
SW:BCHN
|
$1.77 Billion |
|
Norwegian Air Shuttle ASA
OL:NAS
|
$1.77 Billion |
|
Dom Development S.A.
WAR:DOM
|
$1.77 Billion |
|
Vukile Property Fund Ltd
JSE:VKE
|
$1.77 Billion |
|
The Baldwin Insurance Group, Inc.
NASDAQ:BWIN
|
$1.77 Billion |
|
Taihan Fiber Optics Co. Ltd
KQ:010170
|
$1.77 Billion |
|
Beijing New Oriental Star Petrochemical Engineering Co Ltd
SHE:002755
|
$1.77 Billion |
|
Shenzhen Ysstech Info-Tech Co Ltd
SHE:300377
|
$1.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lingyun Ind's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,469,170,623 to 8,052,157,489, a change of 582,986,866 (7.8%).
- Net income of 835,074,924 contributed positively to equity growth.
- Dividend payments of 454,568,816 reduced retained earnings.
- Other comprehensive income decreased equity by 381,776,339.
- Other factors increased equity by 584,257,098.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥835.07 Million | +10.37% |
| Dividends Paid | CN¥454.57 Million | -5.65% |
| Other Comprehensive Income | CN¥-381.78 Million | -4.74% |
| Other Changes | CN¥584.26 Million | +7.26% |
| Total Change | CN¥- | 7.81% |
Book Value vs Market Value Analysis
This analysis compares Lingyun Ind'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: 1.50x
- 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 17.50x to 1.50x 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¥0.57 | CN¥9.90 | x |
| 2001-12-31 | CN¥0.59 | CN¥9.90 | x |
| 2002-12-31 | CN¥0.60 | CN¥9.90 | x |
| 2003-12-31 | CN¥1.43 | CN¥9.90 | x |
| 2004-12-31 | CN¥1.58 | CN¥9.90 | x |
| 2005-12-31 | CN¥1.51 | CN¥9.90 | x |
| 2006-12-31 | CN¥1.19 | CN¥9.90 | x |
| 2007-12-31 | CN¥1.31 | CN¥9.90 | x |
| 2008-12-31 | CN¥1.56 | CN¥9.90 | x |
| 2009-12-31 | CN¥1.96 | CN¥9.90 | x |
| 2010-12-31 | CN¥4.13 | CN¥9.90 | x |
| 2011-12-31 | CN¥3.65 | CN¥9.90 | x |
| 2012-12-31 | CN¥3.54 | CN¥9.90 | x |
| 2013-12-31 | CN¥3.77 | CN¥9.90 | x |
| 2014-12-31 | CN¥3.98 | CN¥9.90 | x |
| 2015-12-31 | CN¥6.35 | CN¥9.90 | x |
| 2016-12-31 | CN¥5.50 | CN¥9.90 | x |
| 2017-12-31 | CN¥5.95 | CN¥9.90 | x |
| 2018-12-31 | CN¥6.26 | CN¥9.90 | x |
| 2019-12-31 | CN¥6.07 | CN¥9.90 | x |
| 2020-12-31 | CN¥6.07 | CN¥9.90 | x |
| 2021-12-31 | CN¥6.32 | CN¥9.90 | x |
| 2022-12-31 | CN¥7.43 | CN¥9.90 | x |
| 2023-12-31 | CN¥7.66 | CN¥9.90 | x |
| 2024-12-31 | CN¥8.09 | CN¥9.90 | x |
| 2025-12-31 | CN¥6.59 | CN¥9.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lingyun Ind 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): 10.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.21%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 2.60x
- Recent ROE (10.37%) is above the historical average (9.32%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 11.06% | 11.05% | 0.37x | 2.72x | CN¥1.84 Million |
| 2001 | 16.53% | 7.71% | 0.65x | 3.29x | CN¥11.79 Million |
| 2002 | 22.63% | 8.42% | 0.71x | 3.79x | CN¥23.45 Million |
| 2003 | 6.51% | 4.87% | 0.51x | 2.63x | CN¥-15.31 Million |
| 2004 | 10.04% | 4.82% | 0.74x | 2.81x | CN¥202.37K |
| 2005 | 6.08% | 2.15% | 0.88x | 3.22x | CN¥-18.27 Million |
| 2006 | 10.16% | 4.09% | 0.80x | 3.11x | CN¥834.61K |
| 2007 | 11.96% | 4.11% | 0.92x | 3.16x | CN¥11.40 Million |
| 2008 | 14.64% | 5.21% | 0.92x | 3.04x | CN¥31.34 Million |
| 2009 | 22.14% | 7.56% | 0.96x | 3.06x | CN¥104.07 Million |
| 2010 | 13.96% | 7.25% | 0.84x | 2.29x | CN¥72.00 Million |
| 2011 | 10.74% | 4.63% | 0.80x | 2.88x | CN¥13.67 Million |
| 2012 | 6.45% | 2.40% | 0.81x | 3.29x | CN¥-64.68 Million |
| 2013 | 6.99% | 2.39% | 0.85x | 3.46x | CN¥-57.80 Million |
| 2014 | 6.80% | 2.09% | 0.87x | 3.73x | CN¥-64.58 Million |
| 2015 | 4.15% | 1.90% | 0.82x | 2.68x | CN¥-193.54 Million |
| 2016 | 6.09% | 2.39% | 0.89x | 2.86x | CN¥-136.86 Million |
| 2017 | 8.74% | 2.79% | 1.00x | 3.13x | CN¥-47.64 Million |
| 2018 | 6.84% | 2.22% | 0.92x | 3.34x | CN¥-125.45 Million |
| 2019 | -1.51% | -0.59% | 0.83x | 3.08x | CN¥-531.38 Million |
| 2020 | 2.14% | 0.75% | 0.85x | 3.39x | CN¥-370.74 Million |
| 2021 | 5.69% | 1.75% | 0.95x | 3.45x | CN¥-208.13 Million |
| 2022 | 5.28% | 2.04% | 0.93x | 2.77x | CN¥-304.68 Million |
| 2023 | 9.01% | 3.38% | 0.98x | 2.72x | CN¥-69.46 Million |
| 2024 | 8.78% | 3.48% | 0.97x | 2.59x | CN¥-91.48 Million |
| 2025 | 10.37% | 4.21% | 0.95x | 2.60x | CN¥29.86 Million |
Industry Comparison
This section compares Lingyun Ind's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,913,358,347
- Average return on equity (ROE) among peers: 6.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lingyun Ind (600480) | CN¥10.61 Billion | 11.06% | 0.98x | $1.77 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $715.29 Million | 2.81% | 1.64x | $1.07 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $224.92 Million | 14.02% | 0.04x | $6.75 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.76% | 0.96x | $2.12 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $897.72 Million | 3.99% | 2.04x | $1.03 Billion |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $1.61 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $213.45 Million | 1.38% | 0.82x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $663.81 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $3.85 Billion | 12.55% | 1.06x | $2.13 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $341.13 Million | 10.15% | 0.30x | $301.68 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $8.44 Billion | 13.21% | 0.91x | $4.31 Billion |
About Lingyun Ind
Ling Yun Industrial Corporation Limited engages in the production and sale of automotive plastic, and plastic piping systems in China. It also offers battery case, fusion fittings, winding pipe, decorative seals, front and rear shaft, front, and rear bumper beams, nylon pipe, cab suspension system, side door anti-collision beam, and body stamping welding parts. The company was formerly known as L… Read more