Lanpec Technologies Ltd (601798) - Net Assets
Based on the latest financial reports, Lanpec Technologies Ltd (601798) has net assets worth CN¥1.28 Billion CNY (≈ $187.38 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¥2.44 Billion ≈ $356.68 Million USD) and total liabilities (CN¥1.16 Billion ≈ $169.29 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. Also explore how large is Lanpec Technologies Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.28 Billion |
| % of Total Assets | 52.54% |
| Annual Growth Rate | 8.68% |
| 5-Year Change | -29.85% |
| 10-Year Change | -36.73% |
| Growth Volatility | 39.66 |
Lanpec Technologies Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Lanpec Technologies Ltd's net assets have evolved over time, based on quarterly financial data. Check 601798 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Lanpec Technologies Ltd (2008–2024)
The table below shows the annual net assets of Lanpec Technologies Ltd from 2008 to 2024. For live valuation and market cap data, see Lanpec Technologies Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.25 Billion ≈ $182.95 Million |
-3.61% |
| 2023-12-31 | CN¥1.30 Billion ≈ $189.81 Million |
-9.72% |
| 2022-12-31 | CN¥1.44 Billion ≈ $210.25 Million |
-11.18% |
| 2021-12-31 | CN¥1.62 Billion ≈ $236.71 Million |
-9.24% |
| 2020-12-31 | CN¥1.78 Billion ≈ $260.81 Million |
+1.28% |
| 2019-12-31 | CN¥1.76 Billion ≈ $257.51 Million |
-2.55% |
| 2018-12-31 | CN¥1.81 Billion ≈ $264.26 Million |
+3.12% |
| 2017-12-31 | CN¥1.75 Billion ≈ $256.28 Million |
-4.64% |
| 2016-12-31 | CN¥1.84 Billion ≈ $268.74 Million |
-7.07% |
| 2015-12-31 | CN¥1.98 Billion ≈ $289.18 Million |
+1.76% |
| 2014-12-31 | CN¥1.94 Billion ≈ $284.17 Million |
+12.79% |
| 2013-12-31 | CN¥1.72 Billion ≈ $251.96 Million |
+3.67% |
| 2012-12-31 | CN¥1.66 Billion ≈ $243.03 Million |
+5.63% |
| 2011-12-31 | CN¥1.57 Billion ≈ $230.07 Million |
+152.41% |
| 2010-12-31 | CN¥622.89 Million ≈ $91.15 Million |
+16.70% |
| 2009-12-31 | CN¥533.77 Million ≈ $78.11 Million |
+61.81% |
| 2008-12-31 | CN¥329.88 Million ≈ $48.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lanpec Technologies 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 360.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥354.53 Million | 28.66% |
| Other Comprehensive Income | CN¥59.50 Million | 4.81% |
| Other Components | CN¥1.04 Billion | 84.05% |
| Total Equity | CN¥1.24 Billion | 100.00% |
Lanpec Technologies Ltd Competitors by Market Cap
The table below lists competitors of Lanpec Technologies Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Advanced Enzyme Technologies Limited
NSE:ADVENZYMES
|
$392.78 Million |
|
mF International Limited Ordinary Shares
NASDAQ:MFI
|
$392.86 Million |
|
Shenzhen Tongyi Industry Co Ltd
SHE:300538
|
$392.92 Million |
|
Zhongfu Information Inc
SHE:300659
|
$393.23 Million |
|
Shanghai Fudan Forward S&T Co Ltd
SHG:600624
|
$392.67 Million |
|
China Railway Prefabricated Construction Co Ltd
SHE:300374
|
$392.59 Million |
|
Delek Automotive Systems Ltd
TA:DLEA
|
$392.32 Million |
|
Luoyang Jalon Micro-Nano New Materials Co Ltd
SHG:688357
|
$392.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lanpec Technologies Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,284,942,387 to 1,236,988,402, a change of -47,953,985 (-3.7%).
- Net loss of 88,400,574 reduced equity.
- Dividend payments of 13,903,237 reduced retained earnings.
- Other comprehensive income increased equity by 59,498,415.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-88.40 Million | -7.15% |
| Dividends Paid | CN¥13.90 Million | -1.12% |
| Other Comprehensive Income | CN¥59.50 Million | +4.81% |
| Other Changes | CN¥-5.15 Million | -0.42% |
| Total Change | CN¥- | -3.73% |
Book Value vs Market Value Analysis
This analysis compares Lanpec Technologies 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: 2.16x
- 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 4.84x to 2.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.56 | CN¥7.57 | x |
| 2009-12-31 | CN¥2.27 | CN¥7.57 | x |
| 2010-12-31 | CN¥2.46 | CN¥7.57 | x |
| 2011-12-31 | CN¥5.33 | CN¥7.57 | x |
| 2012-12-31 | CN¥4.92 | CN¥7.57 | x |
| 2013-12-31 | CN¥5.36 | CN¥7.57 | x |
| 2014-12-31 | CN¥5.56 | CN¥7.57 | x |
| 2015-12-31 | CN¥5.72 | CN¥7.57 | x |
| 2016-12-31 | CN¥5.13 | CN¥7.57 | x |
| 2017-12-31 | CN¥4.90 | CN¥7.57 | x |
| 2018-12-31 | CN¥5.06 | CN¥7.57 | x |
| 2019-12-31 | CN¥4.97 | CN¥7.57 | x |
| 2020-12-31 | CN¥5.02 | CN¥7.57 | x |
| 2021-12-31 | CN¥4.53 | CN¥7.57 | x |
| 2022-12-31 | CN¥4.02 | CN¥7.57 | x |
| 2023-12-31 | CN¥3.59 | CN¥7.57 | x |
| 2024-12-31 | CN¥3.50 | CN¥7.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lanpec Technologies 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): -7.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.09%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.83x
- Recent ROE (-7.15%) is below the historical average (1.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 21.52% | 12.82% | 0.60x | 2.78x | CN¥37.85 Million |
| 2009 | 22.71% | 18.36% | 0.55x | 2.23x | CN¥67.60 Million |
| 2010 | 18.08% | 17.38% | 0.45x | 2.31x | CN¥50.13 Million |
| 2011 | 7.71% | 16.21% | 0.32x | 1.51x | CN¥-35.86 Million |
| 2012 | 6.36% | 12.43% | 0.30x | 1.71x | CN¥-60.29 Million |
| 2013 | 4.85% | 9.08% | 0.32x | 1.66x | CN¥-88.39 Million |
| 2014 | 2.86% | 6.40% | 0.31x | 1.46x | CN¥-138.22 Million |
| 2015 | 2.27% | 6.08% | 0.26x | 1.45x | CN¥-151.83 Million |
| 2016 | -7.54% | -24.76% | 0.18x | 1.70x | CN¥-319.61 Million |
| 2017 | -5.02% | -11.59% | 0.24x | 1.80x | CN¥-260.88 Million |
| 2018 | 3.50% | 7.83% | 0.26x | 1.74x | CN¥-117.09 Million |
| 2019 | -2.57% | -4.20% | 0.32x | 1.91x | CN¥-221.34 Million |
| 2020 | 0.66% | 1.00% | 0.39x | 1.72x | CN¥-166.25 Million |
| 2021 | -10.97% | -21.20% | 0.28x | 1.82x | CN¥-337.02 Million |
| 2022 | -12.88% | -21.11% | 0.31x | 2.00x | CN¥-326.20 Million |
| 2023 | -10.87% | -12.68% | 0.41x | 2.07x | CN¥-268.11 Million |
| 2024 | -7.15% | -13.09% | 0.30x | 1.83x | CN¥-212.10 Million |
Industry Comparison
This section compares Lanpec Technologies Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $1,363,026,461
- Average return on equity (ROE) among peers: -4.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lanpec Technologies Ltd (601798) | CN¥1.28 Billion | 21.52% | 0.90x | $392.72 Million |
| Sinopec Oilfield Equipment Corp (000852) | $3.15 Billion | 2.92% | 2.19x | $737.21 Million |
| Xinjiang Zhundong Petroleum (002207) | $68.70 Million | -22.91% | 4.96x | $225.86 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $21.74 Billion |
| Shandong Molong Petroleum Machinery Co Ltd (002490) | $1.11 Billion | 27.55% | 2.00x | $615.94 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $2.20 Billion | 4.04% | 1.14x | $550.37 Million |
| Zhejiang Renzhi Co Ltd (002629) | $61.40 Million | -56.91% | 2.29x | $287.44 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.28 Billion | -46.53% | 0.86x | $999.75 Million |
| LandOcean Energy Services Co (300157) | $133.63 Million | 17.19% | 0.21x | $461.16 Million |
| Tong Oil Tools (300164) | $1.34 Billion | 3.75% | 0.36x | $929.13 Million |
| Sino Geophysical (300191) | $1.12 Billion | 7.49% | 0.03x | $1.57 Billion |
About Lanpec Technologies Ltd
Lanpec Technologies Limited engages in the research, design, development, production, installation, and technical services of petroleum, petrochemical, and energy equipment in China and internationally. The company offers plate-and-shell, welded plate, and high-efficiency tubular heat exchangers, as well as air cooler, waste heat recovery, evaporative crystallizer, tower, LNG receiving terminal t… Read more