Jiangsu Lettall Electronic Co Ltd (603629) - Net Assets
Based on the latest financial reports, Jiangsu Lettall Electronic Co Ltd (603629) has net assets worth CN¥1.73 Billion CNY (≈ $252.81 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¥5.82 Billion ≈ $850.97 Million USD) and total liabilities (CN¥4.09 Billion ≈ $598.16 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 603629 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.73 Billion |
| % of Total Assets | 29.71% |
| Annual Growth Rate | 39.77% |
| 5-Year Change | 63.92% |
| 10-Year Change | 583.39% |
| Growth Volatility | 93.34 |
Jiangsu Lettall Electronic Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Jiangsu Lettall Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Lettall Electronic Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Lettall Electronic Co Ltd (2014–2024)
The table below shows the annual net assets of Jiangsu Lettall Electronic Co Ltd from 2014 to 2024. For live valuation and market cap data, see Jiangsu Lettall Electronic Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.66 Billion ≈ $243.23 Million |
-0.80% |
| 2023-12-31 | CN¥1.68 Billion ≈ $245.19 Million |
+2.47% |
| 2022-12-31 | CN¥1.64 Billion ≈ $239.29 Million |
+3.69% |
| 2021-12-31 | CN¥1.58 Billion ≈ $230.78 Million |
+55.53% |
| 2020-12-31 | CN¥1.01 Billion ≈ $148.39 Million |
+3.23% |
| 2019-12-31 | CN¥982.28 Million ≈ $143.74 Million |
+3.74% |
| 2018-12-31 | CN¥946.83 Million ≈ $138.55 Million |
+117.37% |
| 2017-12-31 | CN¥435.59 Million ≈ $63.74 Million |
+25.33% |
| 2016-12-31 | CN¥347.56 Million ≈ $50.86 Million |
+42.90% |
| 2015-12-31 | CN¥243.22 Million ≈ $35.59 Million |
+316.60% |
| 2014-12-31 | CN¥58.38 Million ≈ $8.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Lettall Electronic 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 3111.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥311.90 Million | 18.81% |
| Common Stock | CN¥259.93 Million | 15.68% |
| Other Components | CN¥1.09 Billion | 65.51% |
| Total Equity | CN¥1.66 Billion | 100.00% |
Jiangsu Lettall Electronic Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Lettall Electronic Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Porsche Automobil Holding SE
XETRA:PAH3
|
$5.55 Billion |
|
Compagnie de l'Odet
PA:ODET
|
$5.55 Billion |
|
Shenzhen New Industries Biomedical
SHE:300832
|
$5.55 Billion |
|
PTT Global Chemical Public Company Limited
BK:PTTGC
|
$5.55 Billion |
|
TKMS AG & Co KGaA
XETRA:TKMS
|
$5.54 Billion |
|
Ningbo Ginlong Technologies Co Ltd Class A
SHE:300763
|
$5.54 Billion |
|
Zhejiang Supor Co Ltd
SHE:002032
|
$5.52 Billion |
|
Ecovacs Robotics Co Ltd
SHG:603486
|
$5.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Lettall Electronic Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,645,832,973 to 1,657,871,135, a change of 12,038,162 (0.7%).
- Net income of 24,616,404 contributed positively to equity growth.
- Dividend payments of 51,546,673 reduced retained earnings.
- Share repurchases of 31,531,626 reduced equity.
- Other factors increased equity by 70,500,057.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥24.62 Million | +1.48% |
| Dividends Paid | CN¥51.55 Million | -3.11% |
| Share Repurchases | CN¥31.53 Million | -1.9% |
| Other Changes | CN¥70.50 Million | +4.25% |
| Total Change | CN¥- | 0.73% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Lettall Electronic 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: 21.44x
- 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 186.54x to 21.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥0.77 | CN¥144.41 | x |
| 2015-12-31 | CN¥3.34 | CN¥144.41 | x |
| 2016-12-31 | CN¥2.44 | CN¥144.41 | x |
| 2017-12-31 | CN¥2.95 | CN¥144.41 | x |
| 2018-12-31 | CN¥4.81 | CN¥144.41 | x |
| 2019-12-31 | CN¥5.01 | CN¥144.41 | x |
| 2020-12-31 | CN¥5.15 | CN¥144.41 | x |
| 2021-12-31 | CN¥8.05 | CN¥144.41 | x |
| 2022-12-31 | CN¥6.40 | CN¥144.41 | x |
| 2023-12-31 | CN¥6.55 | CN¥144.41 | x |
| 2024-12-31 | CN¥6.73 | CN¥144.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Lettall Electronic 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): 1.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 3.58x
- Recent ROE (1.48%) is below the historical average (15.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 67.80% | 4.80% | 1.25x | 11.31x | CN¥32.58 Million |
| 2015 | 28.38% | 7.25% | 1.09x | 3.60x | CN¥44.70 Million |
| 2016 | 24.09% | 6.05% | 1.13x | 3.54x | CN¥48.98 Million |
| 2017 | 20.21% | 5.27% | 1.13x | 3.39x | CN¥44.47 Million |
| 2018 | 9.76% | 5.80% | 0.83x | 2.03x | CN¥-2.24 Million |
| 2019 | 6.46% | 3.92% | 0.81x | 2.03x | CN¥-34.78 Million |
| 2020 | 4.60% | 2.81% | 0.75x | 2.18x | CN¥-54.51 Million |
| 2021 | 3.66% | 3.20% | 0.58x | 1.99x | CN¥-99.99 Million |
| 2022 | 4.04% | 3.25% | 0.70x | 1.76x | CN¥-97.26 Million |
| 2023 | 2.44% | 2.12% | 0.52x | 2.21x | CN¥-124.38 Million |
| 2024 | 1.48% | 1.10% | 0.38x | 3.58x | CN¥-141.17 Million |
Industry Comparison
This section compares Jiangsu Lettall Electronic Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Lettall Electronic Co Ltd (603629) | CN¥1.73 Billion | 67.80% | 2.37x | $5.54 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Jiangsu Lettall Electronic Co Ltd
Jiangsu Lettall Electronic Co.,Ltd is involved in the design, manufacture, and sales of precision metal structural parts, appearance parts, and electronic components for liquid crystal displays in China and internationally. The company offers LCD TV precision metal stamping structural parts, precision metal face frames, bases, molds, and other electronic components. The company was founded in 198… Read more