Chengdu Lihang Technology Co.Ltd. (603261) - Net Assets
Based on the latest financial reports, Chengdu Lihang Technology Co.Ltd. (603261) has net assets worth CN¥688.49 Million CNY (≈ $100.75 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.13 Billion ≈ $165.42 Million USD) and total liabilities (CN¥441.97 Million ≈ $64.67 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. Read 603261 current and long-term liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥688.49 Million |
| % of Total Assets | 60.9% |
| Annual Growth Rate | 14.03% |
| 5-Year Change | 62.38% |
| 10-Year Change | N/A |
| Growth Volatility | 27.58 |
Chengdu Lihang Technology Co.Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Chengdu Lihang Technology Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore total assets of Chengdu Lihang Technology Co.Ltd. for the complete picture of this company's asset base.
Annual Net Assets for Chengdu Lihang Technology Co.Ltd. (2019–2024)
The table below shows the annual net assets of Chengdu Lihang Technology Co.Ltd. from 2019 to 2024. For live valuation and market cap data, see market cap of Chengdu Lihang Technology Co.Ltd..
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥734.00 Million ≈ $107.41 Million |
-10.06% |
| 2023-12-31 | CN¥816.09 Million ≈ $119.42 Million |
-6.78% |
| 2022-12-31 | CN¥875.49 Million ≈ $128.11 Million |
+67.03% |
| 2021-12-31 | CN¥524.17 Million ≈ $76.70 Million |
+15.96% |
| 2020-12-31 | CN¥452.03 Million ≈ $66.15 Million |
+18.76% |
| 2019-12-31 | CN¥380.61 Million ≈ $55.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chengdu Lihang Technology 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 29.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥84.83 Million | 11.77% |
| Other Components | CN¥635.77 Million | 88.23% |
| Total Equity | CN¥720.60 Million | 100.00% |
Chengdu Lihang Technology Co.Ltd. Competitors by Market Cap
The table below lists competitors of Chengdu Lihang Technology Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hsin Kuang Steel Co Ltd
TW:2031
|
$398.64 Million |
|
Timbercreek Financial Corp
TO:TF
|
$398.68 Million |
|
Bosch Fren Sistemleri Sanayi ve Ticaret AS
IS:BFREN
|
$398.73 Million |
|
AVI Japan Opportunity Trust PLC
LSE:AJOT
|
$398.77 Million |
|
North American Construction Group Ltd
TO:NOA
|
$398.51 Million |
|
Fagerhult AB
ST:FAG
|
$398.50 Million |
|
Shanghai Haishun New Pharmaceutical Packaging Co Ltd
SHE:300501
|
$398.47 Million |
|
Magna Mining Inc
V:NICU
|
$398.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Lihang Technology Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 816,092,154 to 720,599,533, a change of -95,492,621 (-11.7%).
- Net loss of 93,935,584 reduced equity.
- Dividend payments of 2,198,429 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-93.94 Million | -13.04% |
| Dividends Paid | CN¥2.20 Million | -0.31% |
| Other Changes | CN¥641.39K | +0.09% |
| Total Change | CN¥- | -11.70% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Lihang Technology 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: 3.80x
- 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 5.33x to 3.80x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥6.60 | CN¥35.14 | x |
| 2020-12-31 | CN¥7.83 | CN¥35.14 | x |
| 2021-12-31 | CN¥9.08 | CN¥35.14 | x |
| 2022-12-31 | CN¥11.16 | CN¥35.14 | x |
| 2023-12-31 | CN¥10.42 | CN¥35.14 | x |
| 2024-12-31 | CN¥9.25 | CN¥35.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Lihang Technology 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): -13.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.41%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.60x
- Recent ROE (-13.04%) is below the historical average (4.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.91% | 28.70% | 0.48x | 1.29x | CN¥30.11 Million |
| 2020 | 15.34% | 23.66% | 0.50x | 1.30x | CN¥24.13 Million |
| 2021 | 13.32% | 22.88% | 0.42x | 1.39x | CN¥17.40 Million |
| 2022 | 4.01% | 9.49% | 0.31x | 1.35x | CN¥-52.45 Million |
| 2023 | -8.37% | -29.12% | 0.21x | 1.34x | CN¥-149.92 Million |
| 2024 | -13.04% | -32.41% | 0.25x | 1.60x | CN¥-166.00 Million |
Industry Comparison
This section compares Chengdu Lihang Technology Co.Ltd.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,163,451,472
- Average return on equity (ROE) among peers: 7.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Lihang Technology Co.Ltd. (603261) | CN¥688.49 Million | 17.91% | 0.64x | $398.54 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $1.48 Billion | -2.56% | 0.10x | $1.37 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $2.53 Billion | 7.15% | 0.84x | $4.12 Billion |
| AVIC Aircraft Co Ltd (000768) | $1.26 Billion | 3.70% | 0.46x | $9.57 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.00 Billion | 1.91% | 0.77x | $1.39 Billion |
| Aerospace CH UAV Co Ltd (002389) | $126.79 Million | 20.60% | 1.27x | $3.22 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.87 Billion | 2.07% | 0.10x | $12.63 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.54 Billion | 8.92% | 0.08x | $528.90 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.10 Billion | 4.55% | 0.29x | $475.99 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $1.13 Billion | 18.87% | 0.17x | $1.75 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $604.49 Million | 12.90% | 1.10x | $1.39 Billion |
About Chengdu Lihang Technology Co.Ltd.
Chengdu Lihang Technology Co,Ltd. engages in the production, maintenance, and support of aircraft in China. The company offers aircraft ground support equipment, aircraft testing and testing equipment, aircraft process equipment, and aircraft parts processing and assembly components. It also provides bomb hanging vehicles, engine installation vehicles, engine transport vehicles, APU installation … Read more