Yangtze Optical Fibre and Cable Joint Stock Ltd Co (601869) - Net Assets
Based on the latest financial reports, Yangtze Optical Fibre and Cable Joint Stock Ltd Co (601869) has net assets worth CN¥16.17 Billion CNY (≈ $2.37 Billion 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¥34.86 Billion ≈ $5.10 Billion USD) and total liabilities (CN¥18.69 Billion ≈ $2.74 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 Yangtze Optical Fibre and Cable Joint St liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥16.17 Billion |
| % of Total Assets | 46.39% |
| Annual Growth Rate | 23.64% |
| 5-Year Change | 66.01% |
| 10-Year Change | 317.54% |
| Growth Volatility | 25.94 |
Yangtze Optical Fibre and Cable Joint Stock Ltd Co - Net Assets Trend (2013–2024)
This chart illustrates how Yangtze Optical Fibre and Cable Joint Stock Ltd Co's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Yangtze Optical Fibre and Cable Joint St for the complete picture of this company's asset base.
Annual Net Assets for Yangtze Optical Fibre and Cable Joint Stock Ltd Co (2013–2024)
The table below shows the annual net assets of Yangtze Optical Fibre and Cable Joint Stock Ltd Co from 2013 to 2024. For live valuation and market cap data, see 601869 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥15.58 Billion ≈ $2.28 Billion |
+8.22% |
| 2023-12-31 | CN¥14.40 Billion ≈ $2.11 Billion |
-0.96% |
| 2022-12-31 | CN¥14.54 Billion ≈ $2.13 Billion |
+37.34% |
| 2021-12-31 | CN¥10.59 Billion ≈ $1.55 Billion |
+12.78% |
| 2020-12-31 | CN¥9.39 Billion ≈ $1.37 Billion |
+4.96% |
| 2019-12-31 | CN¥8.94 Billion ≈ $1.31 Billion |
+6.75% |
| 2018-12-31 | CN¥8.38 Billion ≈ $1.23 Billion |
+52.69% |
| 2017-12-31 | CN¥5.49 Billion ≈ $802.75 Million |
+23.67% |
| 2016-12-31 | CN¥4.44 Billion ≈ $649.10 Million |
+18.87% |
| 2015-12-31 | CN¥3.73 Billion ≈ $546.06 Million |
+28.17% |
| 2014-12-31 | CN¥2.91 Billion ≈ $426.04 Million |
+92.86% |
| 2013-12-31 | CN¥1.51 Billion ≈ $220.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yangtze Optical Fibre and Cable Joint Stock Ltd Co'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 453.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.96 Billion | 59.88% |
| Common Stock | CN¥757.91 Million | 6.52% |
| Other Comprehensive Income | CN¥837.29 Million | 7.20% |
| Other Components | CN¥3.07 Billion | 26.40% |
| Total Equity | CN¥11.63 Billion | 100.00% |
Yangtze Optical Fibre and Cable Joint Stock Ltd Co Competitors by Market Cap
The table below lists competitors of Yangtze Optical Fibre and Cable Joint Stock Ltd Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SoFi Technologies Inc.
NASDAQ:SOFI
|
$20.75 Billion |
|
CIMB Group Holdings Bhd
KLSE:1023
|
$20.76 Billion |
|
Fubon Financial Holding Co Ltd Pref
TW:2881A
|
$20.76 Billion |
|
Volkswagen AG VZO O.N.
XETRA:VOW3
|
$20.79 Billion |
|
China Shenhua Energy Company Limited
F:IKF
|
$20.71 Billion |
|
Aristocrat Leisure Ltd
AU:ALL
|
$20.70 Billion |
|
Yageo Corp
TW:2327
|
$20.70 Billion |
|
China United Network Communications Ltd
SHG:600050
|
$20.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yangtze Optical Fibre and Cable Joint Stock Ltd Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,307,108,305 to 11,628,982,141, a change of 321,873,836 (2.8%).
- Net income of 675,878,799 contributed positively to equity growth.
- Dividend payments of 389,563,226 reduced retained earnings.
- Share repurchases of 10,558,018 reduced equity.
- Other comprehensive income increased equity by 4,995,382.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥675.88 Million | +5.81% |
| Dividends Paid | CN¥389.56 Million | -3.35% |
| Share Repurchases | CN¥10.56 Million | -0.09% |
| Other Comprehensive Income | CN¥5.00 Million | +0.04% |
| Other Changes | CN¥41.12 Million | +0.35% |
| Total Change | CN¥- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares Yangtze Optical Fibre and Cable Joint Stock Ltd Co'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: 23.07x
- 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 97.66x to 23.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥3.62 | CN¥353.90 | x |
| 2013-12-31 | CN¥2.36 | CN¥353.90 | x |
| 2014-12-31 | CN¥5.76 | CN¥353.90 | x |
| 2015-12-31 | CN¥5.58 | CN¥353.90 | x |
| 2016-12-31 | CN¥6.12 | CN¥353.90 | x |
| 2017-12-31 | CN¥7.68 | CN¥353.90 | x |
| 2018-12-31 | CN¥11.47 | CN¥353.90 | x |
| 2019-12-31 | CN¥11.63 | CN¥353.90 | x |
| 2020-12-31 | CN¥11.97 | CN¥353.90 | x |
| 2021-12-31 | CN¥12.94 | CN¥353.90 | x |
| 2022-12-31 | CN¥13.42 | CN¥353.90 | x |
| 2023-12-31 | CN¥14.92 | CN¥353.90 | x |
| 2024-12-31 | CN¥15.34 | CN¥353.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yangtze Optical Fibre and Cable Joint Stock Ltd Co 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): 5.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.54%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.73x
- Recent ROE (5.81%) is below the historical average (14.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 20.99% | 7.64% | 0.00x | 0.00x | CN¥190.99 Million |
| 2013 | 27.49% | 8.60% | 0.96x | 3.32x | CN¥264.08 Million |
| 2014 | 16.57% | 8.21% | 0.86x | 2.34x | CN¥184.96 Million |
| 2015 | 15.96% | 8.48% | 0.89x | 2.12x | CN¥213.24 Million |
| 2016 | 17.17% | 8.84% | 0.99x | 1.96x | CN¥299.39 Million |
| 2017 | 24.21% | 12.24% | 1.13x | 1.75x | CN¥744.52 Million |
| 2018 | 18.19% | 13.11% | 0.88x | 1.57x | CN¥670.38 Million |
| 2019 | 9.12% | 10.31% | 0.56x | 1.57x | CN¥-77.60 Million |
| 2020 | 6.01% | 6.61% | 0.52x | 1.75x | CN¥-361.07 Million |
| 2021 | 7.24% | 7.43% | 0.49x | 1.99x | CN¥-269.69 Million |
| 2022 | 11.50% | 8.44% | 0.49x | 2.78x | CN¥152.57 Million |
| 2023 | 11.47% | 9.72% | 0.46x | 2.58x | CN¥166.73 Million |
| 2024 | 5.81% | 5.54% | 0.38x | 2.73x | CN¥-487.02 Million |
Industry Comparison
This section compares Yangtze Optical Fibre and Cable Joint Stock Ltd Co's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,761,038,780
- Average return on equity (ROE) among peers: 15.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yangtze Optical Fibre and Cable Joint Stock Ltd Co (601869) | CN¥16.17 Billion | 20.99% | 1.16x | $20.73 Billion |
| ZTE Corp (000063) | $78.39 Million | 93.31% | 2.02x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.52 Billion | -24.54% | 2.30x | $2.38 Billion |
| Addsino Co Ltd (000547) | $1.78 Billion | 7.79% | 0.60x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $310.66 Million | 7.41% | 1.42x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.97 Billion | 13.82% | 1.48x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $817.32 Million | 5.76% | 1.86x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $3.91 Billion | 16.02% | 1.70x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $3.46 Billion | 5.18% | 1.36x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $200.23 Million | 30.55% | 2.02x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.71 Billion |
About Yangtze Optical Fibre and Cable Joint Stock Ltd Co
Yangtze Optical Fibre And Cable Joint Stock Limited Company engages in the production and sale of optical fiber preforms rods, optical fiber, and optical fiber cables in China and internationally. The company offers cutting edge products; optical fiber preforms, coating, and silicon tetrachloride; communication optical fire; cable products; specialty fibers, optical fiber components and modules, … Read more