Opple Lighting Co Ltd (603515) - Net Assets
Based on the latest financial reports, Opple Lighting Co Ltd (603515) has net assets worth CN¥7.15 Billion CNY (≈ $1.05 Billion 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¥9.56 Billion ≈ $1.40 Billion USD) and total liabilities (CN¥2.41 Billion ≈ $352.77 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. Check strategic asset allocation of Opple Lighting Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.15 Billion |
| % of Total Assets | 74.78% |
| Annual Growth Rate | 19.96% |
| 5-Year Change | 20.32% |
| 10-Year Change | 123.08% |
| Growth Volatility | 33.06 |
Opple Lighting Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Opple Lighting Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Opple Lighting Co Ltd (603515) market capitalisation.
Annual Net Assets for Opple Lighting Co Ltd (2011–2025)
The table below shows the annual net assets of Opple Lighting Co Ltd from 2011 to 2025. Also explore Opple Lighting Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.01 Billion ≈ $1.03 Billion |
+4.32% |
| 2024-12-31 | CN¥6.72 Billion ≈ $983.94 Million |
+0.92% |
| 2023-12-31 | CN¥6.66 Billion ≈ $974.96 Million |
+9.12% |
| 2022-12-31 | CN¥6.11 Billion ≈ $893.45 Million |
+4.73% |
| 2021-12-31 | CN¥5.83 Billion ≈ $853.10 Million |
+11.00% |
| 2020-12-31 | CN¥5.25 Billion ≈ $768.55 Million |
+4.70% |
| 2019-12-31 | CN¥5.02 Billion ≈ $734.07 Million |
+15.65% |
| 2018-12-31 | CN¥4.34 Billion ≈ $634.75 Million |
+19.35% |
| 2017-12-31 | CN¥3.63 Billion ≈ $531.85 Million |
+15.59% |
| 2016-12-31 | CN¥3.14 Billion ≈ $460.12 Million |
+71.37% |
| 2015-12-31 | CN¥1.83 Billion ≈ $268.49 Million |
+14.30% |
| 2014-12-31 | CN¥1.61 Billion ≈ $234.89 Million |
+6.06% |
| 2013-12-31 | CN¥1.51 Billion ≈ $221.48 Million |
+21.97% |
| 2012-12-31 | CN¥1.24 Billion ≈ $181.58 Million |
+126.10% |
| 2011-12-31 | CN¥548.82 Million ≈ $80.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Opple Lighting 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 grown by 6667.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.36 Billion | 76.45% |
| Other Components | CN¥1.65 Billion | 23.55% |
| Total Equity | CN¥7.01 Billion | 100.00% |
Opple Lighting Co Ltd Competitors by Market Cap
The table below lists competitors of Opple Lighting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Haier Biomedical Co Ltd
SHG:688139
|
$1.61 Billion |
|
NEXA RESOURCES S.A. DL 1
F:NE0
|
$1.61 Billion |
|
PG Electroplast Limited
NSE:PGEL
|
$1.61 Billion |
|
Planisware SAS
PA:PLNW
|
$1.61 Billion |
|
SRG Global Ltd
AU:SRG
|
$1.61 Billion |
|
Thai Union Group Public Company Limited
BK:TU-R
|
$1.61 Billion |
|
Thai Union Group PCL
BK:TU
|
$1.61 Billion |
|
Cloetta AB (publ)
ST:CLA-B
|
$1.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Opple Lighting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,724,041,618 to 7,012,425,978, a change of 288,384,360 (4.3%).
- Net income of 920,496,707 contributed positively to equity growth.
- Dividend payments of 662,937,208 reduced retained earnings.
- Other comprehensive income increased equity by 10,936,455.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥920.50 Million | +13.13% |
| Dividends Paid | CN¥662.94 Million | -9.45% |
| Other Comprehensive Income | CN¥10.94 Million | +0.16% |
| Other Changes | CN¥19.89 Million | +0.28% |
| Total Change | CN¥- | 4.29% |
Book Value vs Market Value Analysis
This analysis compares Opple Lighting 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: 1.57x
- 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 20.63x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.72 | CN¥14.81 | x |
| 2012-12-31 | CN¥1.88 | CN¥14.81 | x |
| 2013-12-31 | CN¥2.22 | CN¥14.81 | x |
| 2014-12-31 | CN¥2.34 | CN¥14.81 | x |
| 2015-12-31 | CN¥2.69 | CN¥14.81 | x |
| 2016-12-31 | CN¥4.47 | CN¥14.81 | x |
| 2017-12-31 | CN¥4.80 | CN¥14.81 | x |
| 2018-12-31 | CN¥5.74 | CN¥14.81 | x |
| 2019-12-31 | CN¥6.65 | CN¥14.81 | x |
| 2020-12-31 | CN¥7.01 | CN¥14.81 | x |
| 2021-12-31 | CN¥7.73 | CN¥14.81 | x |
| 2022-12-31 | CN¥8.18 | CN¥14.81 | x |
| 2023-12-31 | CN¥8.99 | CN¥14.81 | x |
| 2024-12-31 | CN¥9.16 | CN¥14.81 | x |
| 2025-12-31 | CN¥9.43 | CN¥14.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Opple Lighting 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): 13.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.21%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.37x
- Recent ROE (13.13%) is below the historical average (19.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 27.54% | 5.55% | 1.73x | 2.87x | CN¥94.99 Million |
| 2012 | 34.44% | 13.61% | 1.39x | 1.82x | CN¥303.15 Million |
| 2013 | 31.57% | 14.04% | 1.31x | 1.71x | CN¥325.32 Million |
| 2014 | 18.42% | 7.63% | 1.39x | 1.74x | CN¥134.05 Million |
| 2015 | 24.00% | 9.76% | 1.35x | 1.82x | CN¥254.31 Million |
| 2016 | 16.17% | 9.25% | 1.06x | 1.65x | CN¥193.30 Million |
| 2017 | 18.74% | 9.79% | 1.10x | 1.74x | CN¥317.66 Million |
| 2018 | 20.73% | 11.23% | 1.09x | 1.69x | CN¥465.50 Million |
| 2019 | 17.75% | 10.66% | 1.03x | 1.62x | CN¥388.77 Million |
| 2020 | 15.24% | 10.04% | 0.93x | 1.63x | CN¥275.06 Million |
| 2021 | 15.68% | 10.26% | 0.97x | 1.57x | CN¥328.79 Million |
| 2022 | 12.94% | 10.79% | 0.84x | 1.43x | CN¥178.01 Million |
| 2023 | 13.90% | 11.85% | 0.79x | 1.49x | CN¥259.18 Million |
| 2024 | 13.43% | 12.72% | 0.73x | 1.44x | CN¥230.57 Million |
| 2025 | 13.13% | 13.21% | 0.72x | 1.37x | CN¥219.25 Million |
Industry Comparison
This section compares Opple Lighting Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $15,343,637,565
- Average return on equity (ROE) among peers: 8.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Opple Lighting Co Ltd (603515) | CN¥7.15 Billion | 27.54% | 0.34x | $1.61 Billion |
| Midea Group Co Ltd (000333) | $4.91 Billion | 3.72% | 2.29x | $83.93 Billion |
| Changhong Meiling Co Ltd (000521) | $1.11 Billion | 13.05% | 0.98x | $570.29 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $112.05 Billion | 22.04% | 1.53x | $31.29 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $14.41 Billion | 10.96% | 1.90x | $3.62 Billion |
| Suncha Technology Co Ltd (001211) | $868.55 Million | 0.28% | 1.25x | $374.46 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $687.25 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $4.61 Billion |
| Vatti Corp Ltd (002035) | $3.87 Billion | 7.77% | 0.84x | $571.82 Million |
| CNlight Co Ltd (002076) | $1.02 Billion | 3.96% | 0.64x | $350.57 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.68 Billion | 5.48% | 0.46x | $605.05 Million |
About Opple Lighting Co Ltd
Opple Lighting Co.,LTD engages in the research and development, production, and sale of smart lighting products in China and internationally. The company offers home lighting, commercial lighting, and light sources and control products. It also provides lamps and overall lighting solutions. Opple Lighting Co.,LTD was founded in 2008 and is based in Shanghai, China.