Yongyue Science & Tech Co Ltd (603879) - Net Assets
Based on the latest financial reports, Yongyue Science & Tech Co Ltd (603879) has net assets worth CN¥256.57 Million CNY (≈ $37.54 Million 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¥291.06 Million ≈ $42.59 Million USD) and total liabilities (CN¥34.49 Million ≈ $5.05 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 asset resilience ratio of Yongyue Science & Tech Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥256.57 Million |
| % of Total Assets | 88.15% |
| Annual Growth Rate | 6.82% |
| 5-Year Change | -50.51% |
| 10-Year Change | 10.86% |
| Growth Volatility | 32.23 |
Yongyue Science & Tech Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Yongyue Science & Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Yongyue Science & Tech Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Yongyue Science & Tech Co Ltd (2012–2024)
The table below shows the annual net assets of Yongyue Science & Tech Co Ltd from 2012 to 2024. For live valuation and market cap data, see Yongyue Science & Tech Co Ltd (603879) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥264.21 Million ≈ $38.66 Million |
-38.58% |
| 2023-12-31 | CN¥430.14 Million ≈ $62.94 Million |
-15.50% |
| 2022-12-31 | CN¥509.07 Million ≈ $74.49 Million |
-5.09% |
| 2021-12-31 | CN¥536.37 Million ≈ $78.49 Million |
+0.48% |
| 2020-12-31 | CN¥533.82 Million ≈ $78.11 Million |
-0.51% |
| 2019-12-31 | CN¥536.57 Million ≈ $78.52 Million |
-0.07% |
| 2018-12-31 | CN¥536.96 Million ≈ $78.57 Million |
+3.34% |
| 2017-12-31 | CN¥519.60 Million ≈ $76.03 Million |
+99.35% |
| 2016-12-31 | CN¥260.64 Million ≈ $38.14 Million |
+9.37% |
| 2015-12-31 | CN¥238.32 Million ≈ $34.87 Million |
+22.23% |
| 2014-12-31 | CN¥194.97 Million ≈ $28.53 Million |
+20.11% |
| 2013-12-31 | CN¥162.32 Million ≈ $23.75 Million |
+35.61% |
| 2012-12-31 | CN¥119.70 Million ≈ $17.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yongyue Science & Tech 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 997.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥360.72 Million | 136.62% |
| Other Comprehensive Income | CN¥73.46 Million | 27.82% |
| Total Equity | CN¥264.04 Million | 100.00% |
Yongyue Science & Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Yongyue Science & Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alico Inc
NASDAQ:ALCO
|
$310.25 Million |
|
Indo Tech Transformers Limited
NSE:INDOTECH
|
$310.36 Million |
|
ioneer Ltd American Depositary Shares
NASDAQ:IONR
|
$310.37 Million |
|
Molson Coors Canada Inc
TO:TPX-B
|
$310.46 Million |
|
M3-Brigade Acquisition V Corp. Class A Ordinary shares
NASDAQ:MBAV
|
$310.24 Million |
|
Maithan Alloys Limited
NSE:MAITHANALL
|
$310.17 Million |
|
Prince Pipes And Fittings Limited
NSE:PRINCEPIPE
|
$310.15 Million |
|
Agencia Comercial Spirits Ltd Class A Ordinary Shares
NASDAQ:AGCC
|
$310.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yongyue Science & Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 429,936,366 to 264,041,958, a change of -165,894,408 (-38.6%).
- Net loss of 165,546,051 reduced equity.
- Dividend payments of 1,294,212 reduced retained earnings.
- Share repurchases of 20,045,207 reduced equity.
- Other comprehensive income increased equity by 19,708,333.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-165.55 Million | -62.7% |
| Dividends Paid | CN¥1.29 Million | -0.49% |
| Share Repurchases | CN¥20.05 Million | -7.59% |
| Other Comprehensive Income | CN¥19.71 Million | +7.46% |
| Other Changes | CN¥1.28 Million | +0.49% |
| Total Change | CN¥- | -38.59% |
Book Value vs Market Value Analysis
This analysis compares Yongyue Science & Tech 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: 7.99x
- 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 12.65x to 7.99x 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¥0.47 | CN¥5.90 | x |
| 2013-12-31 | CN¥0.63 | CN¥5.90 | x |
| 2014-12-31 | CN¥0.74 | CN¥5.90 | x |
| 2015-12-31 | CN¥0.87 | CN¥5.90 | x |
| 2016-12-31 | CN¥0.95 | CN¥5.90 | x |
| 2017-12-31 | CN¥1.67 | CN¥5.90 | x |
| 2018-12-31 | CN¥1.50 | CN¥5.90 | x |
| 2019-12-31 | CN¥1.42 | CN¥5.90 | x |
| 2020-12-31 | CN¥1.47 | CN¥5.90 | x |
| 2021-12-31 | CN¥1.48 | CN¥5.90 | x |
| 2022-12-31 | CN¥1.39 | CN¥5.90 | x |
| 2023-12-31 | CN¥1.19 | CN¥5.90 | x |
| 2024-12-31 | CN¥0.74 | CN¥5.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yongyue Science & Tech 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): -62.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -44.70%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.27x
- Recent ROE (-62.70%) is below the historical average (2.66%), 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 | 16.83% | 5.67% | 1.67x | 1.77x | CN¥8.17 Million |
| 2013 | 24.12% | 8.09% | 1.96x | 1.52x | CN¥22.91 Million |
| 2014 | 22.27% | 7.61% | 1.85x | 1.58x | CN¥23.92 Million |
| 2015 | 17.50% | 7.60% | 1.72x | 1.34x | CN¥17.87 Million |
| 2016 | 18.15% | 8.83% | 1.59x | 1.30x | CN¥21.25 Million |
| 2017 | 8.45% | 7.85% | 0.97x | 1.10x | CN¥-8.04 Million |
| 2018 | 6.97% | 6.15% | 1.01x | 1.12x | CN¥-16.25 Million |
| 2019 | 4.63% | 5.69% | 0.74x | 1.10x | CN¥-28.24 Million |
| 2020 | 1.19% | 1.54% | 0.69x | 1.12x | CN¥-46.19 Million |
| 2021 | 1.22% | 1.63% | 0.72x | 1.04x | CN¥-46.36 Million |
| 2022 | -7.79% | -13.20% | 0.54x | 1.10x | CN¥-89.29 Million |
| 2023 | -16.30% | -20.75% | 0.64x | 1.23x | CN¥-113.08 Million |
| 2024 | -62.70% | -44.70% | 1.10x | 1.27x | CN¥-191.95 Million |
Industry Comparison
This section compares Yongyue Science & Tech Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yongyue Science & Tech Co Ltd (603879) | CN¥256.57 Million | 16.83% | 0.13x | $310.24 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Yongyue Science & Tech Co Ltd
Yongyue Science&Technology Co.,Ltd engages in the research and development, production, and sale of synthetic resins in China. It offers unsaturated polyester resins hazardous chemicals, as well as involved in drone business. The company was founded in 2011 and is based in Quanzhou, China.