Caihong Display Devices Co Ltd
Caihong Display Devices Co.,Ltd. engages in the research, development, production, and sale of substrate glass and display panels in China and internationally. The company offers TFT-LCD liquid crystal substrate glasses, liquid crystal glass panels, and other glass products and related products, as well as modules and supporting products, and new display devices and components, etc. It also invol… Read more
Caihong Display Devices Co Ltd (600707) - Net Assets
Latest net assets as of September 2025: CN¥26.96 Billion CNY
Based on the latest financial reports, Caihong Display Devices Co Ltd (600707) has net assets worth CN¥26.96 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥45.59 Billion) and total liabilities (CN¥18.63 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥26.96 Billion |
| % of Total Assets | 59.14% |
| Annual Growth Rate | 13.62% |
| 5-Year Change | 9.59% |
| 10-Year Change | 1158.2% |
| Growth Volatility | 245.06 |
Caihong Display Devices Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Caihong Display Devices Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Caihong Display Devices Co Ltd (1994–2024)
The table below shows the annual net assets of Caihong Display Devices Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥21.68 Billion | +6.01% |
| 2023-12-31 | CN¥20.46 Billion | +3.36% |
| 2022-12-31 | CN¥19.79 Billion | -11.89% |
| 2021-12-31 | CN¥22.46 Billion | +13.52% |
| 2020-12-31 | CN¥19.79 Billion | -4.43% |
| 2019-12-31 | CN¥20.70 Billion | +0.60% |
| 2018-12-31 | CN¥20.58 Billion | +0.23% |
| 2017-12-31 | CN¥20.53 Billion | +1339.41% |
| 2016-12-31 | CN¥1.43 Billion | -17.23% |
| 2015-12-31 | CN¥1.72 Billion | +9.11% |
| 2014-12-31 | CN¥1.58 Billion | -19.35% |
| 2013-12-31 | CN¥1.96 Billion | +1.13% |
| 2012-12-31 | CN¥1.94 Billion | -53.37% |
| 2011-12-31 | CN¥4.15 Billion | -11.64% |
| 2010-12-31 | CN¥4.70 Billion | +299.81% |
| 2009-12-31 | CN¥1.18 Billion | -19.44% |
| 2008-12-31 | CN¥1.46 Billion | +2.13% |
| 2007-12-31 | CN¥1.43 Billion | -2.03% |
| 2006-12-31 | CN¥1.46 Billion | +1.14% |
| 2005-12-31 | CN¥1.44 Billion | -32.86% |
| 2004-12-31 | CN¥2.15 Billion | +8.86% |
| 2003-12-31 | CN¥1.97 Billion | +13.46% |
| 2002-12-31 | CN¥1.74 Billion | +6.21% |
| 2001-12-31 | CN¥1.64 Billion | +4.92% |
| 2000-12-31 | CN¥1.56 Billion | +65.76% |
| 1999-12-31 | CN¥941.16 Million | +20.54% |
| 1998-12-31 | CN¥780.81 Million | +11.50% |
| 1997-12-31 | CN¥700.25 Million | +23.71% |
| 1996-12-31 | CN¥566.03 Million | +1.33% |
| 1995-12-31 | CN¥558.61 Million | +18.90% |
| 1994-12-31 | CN¥469.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Caihong Display Devices 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 433666.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥3.59 Billion | 16.68% |
| Other Comprehensive Income | CN¥759.26 Million | 3.53% |
| Other Components | CN¥19.91 Billion | 92.54% |
| Total Equity | CN¥21.52 Billion | 100.00% |
Caihong Display Devices Co Ltd Competitors by Market Cap
The table below lists competitors of Caihong Display Devices Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fielmann Aktiengesellschaft
PINK:FLMNF
|
$1.06 Billion |
|
Nexus AG
F:NXU
|
$1.06 Billion |
|
Hypera SA
PINK:HYPMY
|
$1.06 Billion |
|
CPT Technology Group Co Ltd
SHE:000536
|
$1.06 Billion |
|
Shenzhen Zhenye Group Co Ltd
SHE:000006
|
$1.06 Billion |
|
Hunan Kaimeite Gases Co Ltd
SHE:002549
|
$1.06 Billion |
|
TriNet Group Inc
NYSE:TNET
|
$1.06 Billion |
|
Yancoal Australia Ltd
PINK:YACAF
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Caihong Display Devices Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,276,868,424 to 21,516,742,105, a change of 1,239,873,681 (6.1%).
- Net income of 1,239,873,682 contributed positively to equity growth.
- Dividend payments of 429,015,051 reduced retained earnings.
- Other comprehensive income increased equity by 759,258,810.
- Other factors decreased equity by 330,243,760.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.24 Billion | +5.76% |
| Dividends Paid | CN¥429.02 Million | -1.99% |
| Other Comprehensive Income | CN¥759.26 Million | +3.53% |
| Other Changes | CN¥-330.24 Million | -1.53% |
| Total Change | CN¥- | 6.11% |
Book Value vs Market Value Analysis
This analysis compares Caihong Display Devices 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: 1.08x
- 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 5.30x to 1.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥1.22 | CN¥6.45 | x |
| 1995-12-31 | CN¥1.45 | CN¥6.45 | x |
| 1996-12-31 | CN¥1.46 | CN¥6.45 | x |
| 1997-12-31 | CN¥1.81 | CN¥6.45 | x |
| 1998-12-31 | CN¥2.02 | CN¥6.45 | x |
| 1999-12-31 | CN¥2.44 | CN¥6.45 | x |
| 2000-12-31 | CN¥4.01 | CN¥6.45 | x |
| 2001-12-31 | CN¥4.04 | CN¥6.45 | x |
| 2002-12-31 | CN¥4.30 | CN¥6.45 | x |
| 2003-12-31 | CN¥4.88 | CN¥6.45 | x |
| 2004-12-31 | CN¥5.31 | CN¥6.45 | x |
| 2005-12-31 | CN¥3.55 | CN¥6.45 | x |
| 2006-12-31 | CN¥3.60 | CN¥6.45 | x |
| 2007-12-31 | CN¥3.51 | CN¥6.45 | x |
| 2008-12-31 | CN¥3.30 | CN¥6.45 | x |
| 2009-12-31 | CN¥1.71 | CN¥6.45 | x |
| 2010-12-31 | CN¥6.92 | CN¥6.45 | x |
| 2011-12-31 | CN¥5.01 | CN¥6.45 | x |
| 2012-12-31 | CN¥2.67 | CN¥6.45 | x |
| 2013-12-31 | CN¥2.79 | CN¥6.45 | x |
| 2014-12-31 | CN¥1.91 | CN¥6.45 | x |
| 2015-12-31 | CN¥2.18 | CN¥6.45 | x |
| 2016-12-31 | CN¥1.76 | CN¥6.45 | x |
| 2017-12-31 | CN¥17.10 | CN¥6.45 | x |
| 2018-12-31 | CN¥6.69 | CN¥6.45 | x |
| 2019-12-31 | CN¥6.31 | CN¥6.45 | x |
| 2020-12-31 | CN¥5.48 | CN¥6.45 | x |
| 2021-12-31 | CN¥6.22 | CN¥6.45 | x |
| 2022-12-31 | CN¥5.47 | CN¥6.45 | x |
| 2023-12-31 | CN¥5.52 | CN¥6.45 | x |
| 2024-12-31 | CN¥6.00 | CN¥6.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Caihong Display Devices 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): 5.76%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.63%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.85x
- Recent ROE (5.76%) is above the historical average (-5.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 17.73% | 18.57% | 0.48x | 1.98x | CN¥36.32 Million |
| 1995 | 15.87% | 10.88% | 1.00x | 1.46x | CN¥32.79 Million |
| 1996 | 19.52% | 9.80% | 1.02x | 1.95x | CN¥53.84 Million |
| 1997 | 19.91% | 12.27% | 0.99x | 1.64x | CN¥69.37 Million |
| 1998 | 10.39% | 7.06% | 0.89x | 1.65x | CN¥3.05 Million |
| 1999 | 17.37% | 16.02% | 0.82x | 1.33x | CN¥69.37 Million |
| 2000 | 7.43% | 6.04% | 0.85x | 1.45x | CN¥-39.73 Million |
| 2001 | 5.40% | 3.48% | 0.92x | 1.68x | CN¥-71.78 Million |
| 2002 | 10.48% | 6.00% | 1.16x | 1.51x | CN¥7.99 Million |
| 2003 | 12.62% | 7.77% | 1.07x | 1.51x | CN¥49.38 Million |
| 2004 | 10.22% | 6.91% | 1.01x | 1.47x | CN¥4.47 Million |
| 2005 | -40.17% | -26.05% | 0.95x | 1.62x | CN¥-688.87 Million |
| 2006 | 1.11% | 0.75% | 0.96x | 1.54x | CN¥-123.51 Million |
| 2007 | -1.99% | -1.67% | 0.84x | 1.43x | CN¥-171.21 Million |
| 2008 | 2.09% | 1.01% | 1.54x | 1.34x | CN¥-115.36 Million |
| 2009 | -99.65% | -54.60% | 0.40x | 4.53x | CN¥-787.01 Million |
| 2010 | 0.29% | 1.05% | 0.15x | 1.86x | CN¥-407.93 Million |
| 2011 | -14.02% | -144.74% | 0.04x | 2.40x | CN¥-886.93 Million |
| 2012 | -87.44% | -692.59% | 0.03x | 4.06x | CN¥-1.92 Billion |
| 2013 | 3.66% | 31.22% | 0.03x | 3.59x | CN¥-129.66 Million |
| 2014 | -72.59% | -641.98% | 0.03x | 4.08x | CN¥-1.17 Billion |
| 2015 | 3.21% | 21.38% | 0.04x | 3.94x | CN¥-106.06 Million |
| 2016 | -20.97% | -80.82% | 0.05x | 5.28x | CN¥-402.44 Million |
| 2017 | 0.29% | 13.18% | 0.01x | 1.79x | CN¥-1.98 Billion |
| 2018 | 0.30% | 3.16% | 0.05x | 1.96x | CN¥-1.98 Billion |
| 2019 | 0.32% | 1.11% | 0.14x | 2.04x | CN¥-1.98 Billion |
| 2020 | -4.10% | -7.73% | 0.25x | 2.09x | CN¥-2.78 Billion |
| 2021 | 11.96% | 17.58% | 0.35x | 1.93x | CN¥437.29 Million |
| 2022 | -13.57% | -29.69% | 0.22x | 2.08x | CN¥-4.62 Billion |
| 2023 | 3.26% | 5.77% | 0.29x | 1.92x | CN¥-1.37 Billion |
| 2024 | 5.76% | 10.63% | 0.29x | 1.85x | CN¥-911.80 Million |
Industry Comparison
This section compares Caihong Display Devices Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $19,755,021,352
- Average return on equity (ROE) among peers: 13.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Caihong Display Devices Co Ltd (600707) | CN¥26.96 Billion | 17.73% | 0.69x | $1.06 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $333.77 Million | 13.69% | 0.32x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $464.21 Million | 30.94% | 3.01x | $765.51 Million |
| CPT Technology Group Co Ltd (000536) | $3.17 Billion | 11.02% | 0.49x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $5.64 Billion | 6.01% | 0.24x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $5.06 Billion | 0.44% | 2.24x | $317.21 Million |
| BOE Technology Group Co Ltd (000725) | $173.40 Billion | 2.90% | 1.45x | $20.28 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $7.44 Billion | 20.05% | 0.50x | $2.57 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $396.59 Million | 6.89% | 0.36x | $1.38 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $1.25 Billion | 10.37% | 0.46x | $179.30 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $398.47 Million | 32.69% | 0.39x | $155.36 Million |