Luoyang Glass (600876) - Net Assets
Based on the latest financial reports, Luoyang Glass (600876) has net assets worth CN¥3.24 Billion CNY (≈ $474.71 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¥13.57 Billion ≈ $1.99 Billion USD) and total liabilities (CN¥10.33 Billion ≈ $1.51 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. Also explore 600876 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.24 Billion |
| % of Total Assets | 23.9% |
| Annual Growth Rate | 1.75% |
| 5-Year Change | -16.59% |
| 10-Year Change | 593.8% |
| Growth Volatility | 63.34 |
Luoyang Glass - Net Assets Trend (1995–2025)
This chart illustrates how Luoyang Glass's net assets have evolved over time, based on quarterly financial data. Check Luoyang Glass tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Luoyang Glass (1995–2025)
The table below shows the annual net assets of Luoyang Glass from 1995 to 2025. For live valuation and market cap data, see 600876 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.63 Billion ≈ $531.25 Million |
-17.00% |
| 2024-12-31 | CN¥4.37 Billion ≈ $640.08 Million |
-13.44% |
| 2023-12-31 | CN¥5.05 Billion ≈ $739.45 Million |
+9.53% |
| 2022-12-31 | CN¥4.61 Billion ≈ $675.12 Million |
+5.99% |
| 2021-12-31 | CN¥4.35 Billion ≈ $636.94 Million |
+142.45% |
| 2020-12-31 | CN¥1.80 Billion ≈ $262.71 Million |
+26.97% |
| 2019-12-31 | CN¥1.41 Billion ≈ $206.90 Million |
+5.10% |
| 2018-12-31 | CN¥1.35 Billion ≈ $196.87 Million |
+1.29% |
| 2017-12-31 | CN¥1.33 Billion ≈ $194.35 Million |
+153.82% |
| 2016-12-31 | CN¥523.27 Million ≈ $76.57 Million |
+87.99% |
| 2015-12-31 | CN¥278.35 Million ≈ $40.73 Million |
+806.66% |
| 2014-12-31 | CN¥-39.39 Million ≈ $-5.76 Million |
+1.29% |
| 2013-12-31 | CN¥-39.90 Million ≈ $-5.84 Million |
-156.49% |
| 2012-12-31 | CN¥70.64 Million ≈ $10.34 Million |
-10.25% |
| 2011-12-31 | CN¥78.71 Million ≈ $11.52 Million |
-16.44% |
| 2010-12-31 | CN¥94.19 Million ≈ $13.78 Million |
+144.36% |
| 2009-12-31 | CN¥38.55 Million ≈ $5.64 Million |
-85.17% |
| 2008-12-31 | CN¥259.88 Million ≈ $38.03 Million |
-11.74% |
| 2007-12-31 | CN¥294.44 Million ≈ $43.09 Million |
-20.92% |
| 2006-12-31 | CN¥372.32 Million ≈ $54.48 Million |
-65.02% |
| 2005-12-31 | CN¥1.06 Billion ≈ $155.76 Million |
+3.06% |
| 2004-12-31 | CN¥1.03 Billion ≈ $151.14 Million |
+8.03% |
| 2003-12-31 | CN¥956.09 Million ≈ $139.91 Million |
-25.26% |
| 2002-12-31 | CN¥1.28 Billion ≈ $187.19 Million |
-23.37% |
| 2001-12-31 | CN¥1.67 Billion ≈ $244.28 Million |
+4.52% |
| 2000-12-31 | CN¥1.60 Billion ≈ $233.72 Million |
+5.93% |
| 1999-12-31 | CN¥1.51 Billion ≈ $220.64 Million |
+5.03% |
| 1998-12-31 | CN¥1.44 Billion ≈ $210.07 Million |
-23.54% |
| 1997-12-31 | CN¥1.88 Billion ≈ $274.74 Million |
-13.49% |
| 1996-12-31 | CN¥2.17 Billion ≈ $317.58 Million |
+0.61% |
| 1995-12-31 | CN¥2.16 Billion ≈ $315.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Luoyang Glass'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 1384.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.48 Billion | 144.31% |
| Total Equity | CN¥3.10 Billion | 100.00% |
Luoyang Glass Competitors by Market Cap
The table below lists competitors of Luoyang Glass ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BENZ MINING CORP CDI/1
F:1VU0
|
$397.29 Million |
|
LX Holdings Corp
KO:383800
|
$397.29 Million |
|
Geron Co Ltd
SHE:002722
|
$397.31 Million |
|
FSP Technology Inc
TW:3015
|
$397.65 Million |
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$397.19 Million |
|
Hunan Sundy Science and Technology Co Ltd
SHE:300515
|
$397.13 Million |
|
Shanghai Carthane Co Ltd
SHG:603037
|
$396.98 Million |
|
HD Renewable Energy Co. Ltd.
TW:6873
|
$396.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Luoyang Glass's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,017,221,000 to 3,102,880,862, a change of -914,340,138 (-22.8%).
- Net loss of 914,340,285 reduced equity.
- Dividend payments of 131,093,975 reduced retained earnings.
- Other comprehensive income decreased equity by 293,945,654.
- Other factors increased equity by 425,039,776.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-914.34 Million | -29.47% |
| Dividends Paid | CN¥131.09 Million | -4.22% |
| Other Comprehensive Income | CN¥-293.95 Million | -9.47% |
| Other Changes | CN¥425.04 Million | +13.7% |
| Total Change | CN¥- | -22.76% |
Book Value vs Market Value Analysis
This analysis compares Luoyang Glass'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: 1.43x
- 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 2.42x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥2.84 | CN¥6.86 | x |
| 1996-12-31 | CN¥2.87 | CN¥6.86 | x |
| 1997-12-31 | CN¥2.56 | CN¥6.86 | x |
| 1998-12-31 | CN¥2.04 | CN¥6.86 | x |
| 1999-12-31 | CN¥2.12 | CN¥6.86 | x |
| 2000-12-31 | CN¥2.21 | CN¥6.86 | x |
| 2001-12-31 | CN¥2.22 | CN¥6.86 | x |
| 2002-12-31 | CN¥1.73 | CN¥6.86 | x |
| 2003-12-31 | CN¥1.25 | CN¥6.86 | x |
| 2004-12-31 | CN¥1.33 | CN¥6.86 | x |
| 2005-12-31 | CN¥1.35 | CN¥6.86 | x |
| 2006-12-31 | CN¥0.45 | CN¥6.86 | x |
| 2007-12-31 | CN¥0.43 | CN¥6.86 | x |
| 2008-12-31 | CN¥0.46 | CN¥6.86 | x |
| 2009-12-31 | CN¥0.19 | CN¥6.86 | x |
| 2010-12-31 | CN¥0.23 | CN¥6.86 | x |
| 2011-12-31 | CN¥0.21 | CN¥6.86 | x |
| 2012-12-31 | CN¥0.26 | CN¥6.86 | x |
| 2013-12-31 | CN¥0.07 | CN¥6.86 | x |
| 2014-12-31 | CN¥1.36 | CN¥6.86 | x |
| 2015-12-31 | CN¥0.54 | CN¥6.86 | x |
| 2016-12-31 | CN¥1.00 | CN¥6.86 | x |
| 2017-12-31 | CN¥2.02 | CN¥6.86 | x |
| 2018-12-31 | CN¥2.23 | CN¥6.86 | x |
| 2019-12-31 | CN¥2.32 | CN¥6.86 | x |
| 2020-12-31 | CN¥3.20 | CN¥6.86 | x |
| 2021-12-31 | CN¥6.62 | CN¥6.86 | x |
| 2022-12-31 | CN¥6.56 | CN¥6.86 | x |
| 2023-12-31 | CN¥7.17 | CN¥6.86 | x |
| 2024-12-31 | CN¥6.22 | CN¥6.86 | x |
| 2025-12-31 | CN¥4.81 | CN¥6.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Luoyang Glass 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): -29.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.19%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 4.39x
- Recent ROE (-29.47%) is below the historical average (-21.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 12.26% | 25.79% | 0.32x | 1.49x | CN¥45.03 Million |
| 1996 | 1.07% | 3.58% | 0.19x | 1.61x | CN¥-180.12 Million |
| 1997 | -12.20% | -36.90% | 0.17x | 1.95x | CN¥-399.22 Million |
| 1998 | -25.33% | -57.97% | 0.20x | 2.14x | CN¥-506.82 Million |
| 1999 | 3.51% | 6.34% | 0.29x | 1.94x | CN¥-96.53 Million |
| 2000 | 4.25% | 7.32% | 0.31x | 1.86x | CN¥-89.28 Million |
| 2001 | 0.63% | 1.21% | 0.26x | 2.00x | CN¥-146.39 Million |
| 2002 | -28.30% | -41.77% | 0.29x | 2.33x | CN¥-466.49 Million |
| 2003 | -39.10% | -34.99% | 0.42x | 2.65x | CN¥-430.11 Million |
| 2004 | 4.93% | 4.07% | 0.52x | 2.33x | CN¥-47.45 Million |
| 2005 | 0.52% | 0.48% | 0.40x | 2.73x | CN¥-90.16 Million |
| 2006 | -101.22% | -26.55% | 0.55x | 6.98x | CN¥-348.85 Million |
| 2007 | -44.06% | -6.32% | 0.74x | 9.43x | CN¥-116.98 Million |
| 2008 | 5.58% | 0.97% | 0.66x | 8.74x | CN¥-10.13 Million |
| 2009 | -178.60% | -17.21% | 0.66x | 15.84x | CN¥-176.83 Million |
| 2010 | 52.60% | 5.20% | 0.81x | 12.46x | CN¥49.23 Million |
| 2011 | 9.71% | 1.34% | 0.65x | 11.15x | CN¥-366.40K |
| 2012 | 3.85% | 0.92% | 0.43x | 9.86x | CN¥-8.12 Million |
| 2013 | -297.19% | -26.34% | 0.31x | 36.83x | CN¥-102.31 Million |
| 2014 | 2.95% | 3.21% | 0.62x | 1.47x | CN¥-50.55 Million |
| 2015 | -66.38% | -27.90% | 0.50x | 4.72x | CN¥-212.59 Million |
| 2016 | 2.20% | 2.94% | 0.29x | 2.59x | CN¥-40.81 Million |
| 2017 | 7.85% | 5.84% | 0.38x | 3.56x | CN¥-24.05 Million |
| 2018 | 1.26% | 1.12% | 0.31x | 3.62x | CN¥-108.88 Million |
| 2019 | 4.16% | 2.91% | 0.35x | 4.03x | CN¥-75.92 Million |
| 2020 | 21.10% | 11.03% | 0.60x | 3.17x | CN¥196.11 Million |
| 2021 | 6.65% | 7.05% | 0.39x | 2.41x | CN¥-128.61 Million |
| 2022 | 9.66% | 8.13% | 0.48x | 2.50x | CN¥-14.20 Million |
| 2023 | 8.53% | 5.98% | 0.53x | 2.69x | CN¥-67.99 Million |
| 2024 | -15.18% | -13.28% | 0.37x | 3.06x | CN¥-1.01 Billion |
| 2025 | -29.47% | -28.19% | 0.24x | 4.39x | CN¥-1.22 Billion |
Industry Comparison
This section compares Luoyang Glass's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,762,651,362
- Average return on equity (ROE) among peers: 9.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Luoyang Glass (600876) | CN¥3.24 Billion | 12.26% | 3.18x | $397.19 Million |
| CSG Holding Co Ltd (000012) | $1.40 Billion | 10.97% | 1.04x | $1.21 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $1.32 Billion | 11.88% | 0.72x | $1.34 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $1.47 Billion | 17.72% | 1.25x | $2.92 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $1.69 Billion | 2.90% | 1.30x | $451.57 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $7.60 Billion | 4.20% | 1.52x | $3.78 Billion |
| Sinostone Guangdong Co Ltd (001212) | $363.41 Million | 21.80% | 0.31x | $1.21 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $861.10 Million | -9.29% | 3.08x | $711.20 Million |
| Guangdong Tapai Group Co Ltd (002233) | $1.94 Billion | 11.11% | 1.18x | $1.30 Billion |
| China West Construction Group Co Ltd (002302) | $310.89 Million | 20.54% | 0.73x | $801.69 Million |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $677.06 Million | 5.53% | 0.89x | $384.83 Million |
About Luoyang Glass
Triumph New Energy Company Limited engages in research, development, production, and sales of new energy materials. The company provides screen printed glass, backboard drilling tempered glass, ultra white ultra-thin photovoltaic glass, ultra white rolled photovoltaic coated glass, ultra white rolled photovoltaic tempered glass, ultra white rolled photovoltaic raw glass, original glass, tempered … Read more