Fujian Longma Envi Sanitation (603686) - Net Assets
Based on the latest financial reports, Fujian Longma Envi Sanitation (603686) has net assets worth CN¥3.91 Billion CNY (≈ $572.17 Million 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¥7.27 Billion ≈ $1.06 Billion USD) and total liabilities (CN¥3.36 Billion ≈ $491.45 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 Fujian Longma Envi Sanitation (603686) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.91 Billion |
| % of Total Assets | 53.79% |
| Annual Growth Rate | 26.04% |
| 5-Year Change | 15.72% |
| 10-Year Change | 203.5% |
| Growth Volatility | 31.56 |
Fujian Longma Envi Sanitation - Net Assets Trend (2008–2025)
This chart illustrates how Fujian Longma Envi Sanitation's net assets have evolved over time, based on quarterly financial data. See Fujian Longma Envi Sanitation liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fujian Longma Envi Sanitation (2008–2025)
The table below shows the annual net assets of Fujian Longma Envi Sanitation from 2008 to 2025. For live valuation and market cap data, see 603686 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.83 Billion ≈ $560.44 Million |
+2.72% |
| 2024-12-31 | CN¥3.73 Billion ≈ $545.59 Million |
+1.27% |
| 2023-12-31 | CN¥3.68 Billion ≈ $538.75 Million |
+5.06% |
| 2022-12-31 | CN¥3.50 Billion ≈ $512.78 Million |
+5.88% |
| 2021-12-31 | CN¥3.31 Billion ≈ $484.32 Million |
+6.68% |
| 2020-12-31 | CN¥3.10 Billion ≈ $453.98 Million |
+17.17% |
| 2019-12-31 | CN¥2.65 Billion ≈ $387.45 Million |
+8.73% |
| 2018-12-31 | CN¥2.44 Billion ≈ $356.34 Million |
+7.88% |
| 2017-12-31 | CN¥2.26 Billion ≈ $330.32 Million |
+78.88% |
| 2016-12-31 | CN¥1.26 Billion ≈ $184.66 Million |
+20.47% |
| 2015-12-31 | CN¥1.05 Billion ≈ $153.28 Million |
+116.90% |
| 2014-12-31 | CN¥482.95 Million ≈ $70.67 Million |
+26.61% |
| 2013-12-31 | CN¥381.44 Million ≈ $55.82 Million |
+23.73% |
| 2012-12-31 | CN¥308.29 Million ≈ $45.11 Million |
+35.33% |
| 2011-12-31 | CN¥227.81 Million ≈ $33.34 Million |
+21.33% |
| 2010-12-31 | CN¥187.75 Million ≈ $27.47 Million |
+41.69% |
| 2009-12-31 | CN¥132.51 Million ≈ $19.39 Million |
+76.87% |
| 2008-12-31 | CN¥74.92 Million ≈ $10.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Longma Envi Sanitation'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 9853.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.96 Billion | 57.15% |
| Other Components | CN¥1.47 Billion | 42.85% |
| Total Equity | CN¥3.44 Billion | 100.00% |
Fujian Longma Envi Sanitation Competitors by Market Cap
The table below lists competitors of Fujian Longma Envi Sanitation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yangmei Chemical Co Ltd
SHG:600691
|
$817.05 Million |
|
Chief Telecom Inc
TWO:6561
|
$817.09 Million |
|
Bajaj Consumer Care Limited
NSE:BAJAJCON
|
$817.11 Million |
|
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A
SHG:603173
|
$817.11 Million |
|
Double Bond Chemical Ind Co Ltd
TW:4764
|
$816.60 Million |
|
Bumi Resources Minerals Tbk
JK:BRMS
|
$816.58 Million |
|
PROSEGUR CASH UNSP.ADR/5
F:PQD0
|
$816.56 Million |
|
WESTLIFE FOODWORLD LIMITED
NSE:WESTLIFE
|
$816.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Longma Envi Sanitation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,343,130,239 to 3,435,111,755, a change of 91,981,516 (2.8%).
- Net income of 155,172,019 contributed positively to equity growth.
- Dividend payments of 87,058,808 reduced retained earnings.
- Other comprehensive income decreased equity by 220,533,406.
- Other factors increased equity by 244,401,711.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥155.17 Million | +4.52% |
| Dividends Paid | CN¥87.06 Million | -2.53% |
| Other Comprehensive Income | CN¥-220.53 Million | -6.42% |
| Other Changes | CN¥244.40 Million | +7.11% |
| Total Change | CN¥- | 2.75% |
Book Value vs Market Value Analysis
This analysis compares Fujian Longma Envi Sanitation'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: 1.63x
- 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 22.39x to 1.63x 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¥0.60 | CN¥13.44 | x |
| 2009-12-31 | CN¥0.68 | CN¥13.44 | x |
| 2010-12-31 | CN¥0.84 | CN¥13.44 | x |
| 2011-12-31 | CN¥0.82 | CN¥13.44 | x |
| 2012-12-31 | CN¥1.09 | CN¥13.44 | x |
| 2013-12-31 | CN¥1.36 | CN¥13.44 | x |
| 2014-12-31 | CN¥1.54 | CN¥13.44 | x |
| 2015-12-31 | CN¥2.95 | CN¥13.44 | x |
| 2016-12-31 | CN¥3.15 | CN¥13.44 | x |
| 2017-12-31 | CN¥5.58 | CN¥13.44 | x |
| 2018-12-31 | CN¥5.57 | CN¥13.44 | x |
| 2019-12-31 | CN¥6.01 | CN¥13.44 | x |
| 2020-12-31 | CN¥6.85 | CN¥13.44 | x |
| 2021-12-31 | CN¥7.27 | CN¥13.44 | x |
| 2022-12-31 | CN¥7.65 | CN¥13.44 | x |
| 2023-12-31 | CN¥7.99 | CN¥13.44 | x |
| 2024-12-31 | CN¥8.05 | CN¥13.44 | x |
| 2025-12-31 | CN¥8.27 | CN¥13.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Longma Envi Sanitation 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): 4.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.15%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.09x
- Recent ROE (4.52%) is below the historical average (17.04%), 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 | 29.76% | 11.76% | 1.36x | 1.87x | CN¥14.80 Million |
| 2009 | 21.53% | 11.08% | 0.98x | 1.98x | CN¥15.28 Million |
| 2010 | 29.43% | 12.82% | 1.26x | 1.81x | CN¥36.47 Million |
| 2011 | 31.93% | 11.66% | 1.32x | 2.07x | CN¥49.95 Million |
| 2012 | 25.77% | 11.09% | 1.15x | 2.03x | CN¥48.63 Million |
| 2013 | 25.17% | 10.92% | 1.11x | 2.09x | CN¥57.87 Million |
| 2014 | 26.85% | 10.97% | 1.09x | 2.25x | CN¥81.36 Million |
| 2015 | 14.52% | 9.84% | 0.84x | 1.76x | CN¥46.97 Million |
| 2016 | 17.66% | 9.53% | 0.84x | 2.21x | CN¥91.69 Million |
| 2017 | 12.15% | 8.43% | 0.80x | 1.80x | CN¥46.07 Million |
| 2018 | 10.23% | 6.86% | 0.83x | 1.79x | CN¥5.23 Million |
| 2019 | 10.81% | 6.39% | 0.93x | 1.82x | CN¥20.37 Million |
| 2020 | 15.55% | 8.13% | 1.00x | 1.92x | CN¥158.00 Million |
| 2021 | 11.27% | 5.97% | 1.02x | 1.85x | CN¥38.46 Million |
| 2022 | 8.16% | 5.11% | 0.87x | 1.84x | CN¥-58.47 Million |
| 2023 | 7.01% | 4.55% | 0.83x | 1.84x | CN¥-99.36 Million |
| 2024 | 4.35% | 2.89% | 0.75x | 2.02x | CN¥-188.87 Million |
| 2025 | 4.52% | 3.15% | 0.69x | 2.09x | CN¥-188.34 Million |
Industry Comparison
This section compares Fujian Longma Envi Sanitation's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $2,273,593,185
- Average return on equity (ROE) among peers: -273.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Longma Envi Sanitation (603686) | CN¥3.91 Billion | 29.76% | 0.86x | $816.84 Million |
| Central Plains Environment Protection Co Ltd (000544) | $10.73 Billion | 9.62% | 2.73x | $1.04 Billion |
| Shenwu Energy Saving Co Ltd (000820) | $5.11 Million | -2820.46% | 328.41x | $259.24 Million |
| Hebei Sailhero Environmental (300137) | $1.50 Billion | 7.04% | 0.19x | $1.38 Billion |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $1.39 Billion | 5.00% | 0.21x | $159.59 Million |
| Nanjing CEC Environmental Protect (300172) | $158.59 Million | 24.39% | 0.76x | $415.90 Million |
| Shanghai Canature Environmental (300272) | $1.12 Billion | 8.28% | 1.07x | $479.60 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $897.51 Million | 6.89% | 0.28x | $11.55 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $2.16 Billion | 8.35% | 0.76x | $387.34 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $3.78 Billion | 10.21% | 0.77x | $480.28 Million |
| ShenZhen GAD Environmental Technology Co. Ltd. (300854) | $1.00 Billion | 2.04% | 0.74x | $327.28 Million |
About Fujian Longma Envi Sanitation
FULONGMA GROUP Co.,Ltd., together with its subsidiaries, manufactures and sells sanitation equipment under the FULONGMA brand in China and internationally. It operates through Environmental Industry Ecological Operation; Smart Equipment; and Others segments. The company offers road cleaning equipment, such as pavement maintaining trucks, road guardrail cleanout vehicles, clear wall tankers, sucti… Read more