L&K Engineering Suzhou Co Ltd
L&K Engineering (Suzhou) Co.,Ltd. provides specialized engineering technical services in China. The company offers engineering, procurement, and construction; design and consultation; clean room engineering; MEP; process system; and operation and maintenance services. It also manufactures ducted chemical filter unit system and washing humidification system, as well as provides international desig… Read more
L&K Engineering Suzhou Co Ltd (603929) - Net Assets
Latest net assets as of September 2025: CN¥1.89 Billion CNY
Based on the latest financial reports, L&K Engineering Suzhou Co Ltd (603929) has net assets worth CN¥1.89 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.99 Billion) and total liabilities (CN¥3.10 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.89 Billion |
| % of Total Assets | 37.79% |
| Annual Growth Rate | 12.72% |
| 5-Year Change | 76.17% |
| 10-Year Change | 240.18% |
| Growth Volatility | 16.86 |
L&K Engineering Suzhou Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how L&K Engineering Suzhou Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for L&K Engineering Suzhou Co Ltd (2011–2024)
The table below shows the annual net assets of L&K Engineering Suzhou Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.85 Billion | +27.68% |
| 2023-12-31 | CN¥1.45 Billion | +21.83% |
| 2022-12-31 | CN¥1.19 Billion | +13.02% |
| 2021-12-31 | CN¥1.05 Billion | +0.21% |
| 2020-12-31 | CN¥1.05 Billion | -10.05% |
| 2019-12-31 | CN¥1.17 Billion | +4.44% |
| 2018-12-31 | CN¥1.12 Billion | +12.14% |
| 2017-12-31 | CN¥996.79 Million | +12.24% |
| 2016-12-31 | CN¥888.13 Million | +63.31% |
| 2015-12-31 | CN¥543.82 Million | +13.35% |
| 2014-12-31 | CN¥479.78 Million | +5.69% |
| 2013-12-31 | CN¥453.96 Million | +9.03% |
| 2012-12-31 | CN¥416.38 Million | +6.75% |
| 2011-12-31 | CN¥390.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to L&K Engineering Suzhou 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 1249.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.25 Billion | 68.25% |
| Common Stock | CN¥213.36 Million | 11.67% |
| Other Comprehensive Income | CN¥111.13 Million | 6.08% |
| Other Components | CN¥256.20 Million | 14.01% |
| Total Equity | CN¥1.83 Billion | 100.00% |
L&K Engineering Suzhou Co Ltd Competitors by Market Cap
The table below lists competitors of L&K Engineering Suzhou Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Westports Holdings Berhad
PINK:WSTTF
|
$1.38 Billion |
|
Bharat Dynamics Limited
NSE:BDL
|
$1.38 Billion |
|
Shaanxi International Trust Co Ltd
SHE:000563
|
$1.38 Billion |
|
Qingdao Gaoce Technology Co Ltd
SHG:688556
|
$1.38 Billion |
|
Sonos Inc
NASDAQ:SONO
|
$1.37 Billion |
|
Lakeland Financial Corporation
NASDAQ:LKFN
|
$1.37 Billion |
|
Nestle (Malaysia) Bhd
KLSE:4707
|
$1.37 Billion |
|
Redfin Corp
NASDAQ:RDFN
|
$1.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in L&K Engineering Suzhou Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,425,222,319 to 1,828,684,965, a change of 403,462,646 (28.3%).
- Net income of 635,907,951 contributed positively to equity growth.
- Dividend payments of 213,360,997 reduced retained earnings.
- Other comprehensive income decreased equity by 19,085,305.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥635.91 Million | +34.77% |
| Dividends Paid | CN¥213.36 Million | -11.67% |
| Other Comprehensive Income | CN¥-19.09 Million | -1.04% |
| Other Changes | CN¥997.00 | +0.0% |
| Total Change | CN¥- | 28.31% |
Book Value vs Market Value Analysis
This analysis compares L&K Engineering Suzhou 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: 16.43x
- 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 60.97x to 16.43x 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¥2.31 | CN¥140.83 | x |
| 2012-12-31 | CN¥2.64 | CN¥140.83 | x |
| 2013-12-31 | CN¥2.83 | CN¥140.83 | x |
| 2014-12-31 | CN¥2.98 | CN¥140.83 | x |
| 2015-12-31 | CN¥3.42 | CN¥140.83 | x |
| 2016-12-31 | CN¥5.53 | CN¥140.83 | x |
| 2017-12-31 | CN¥4.58 | CN¥140.83 | x |
| 2018-12-31 | CN¥5.19 | CN¥140.83 | x |
| 2019-12-31 | CN¥5.39 | CN¥140.83 | x |
| 2020-12-31 | CN¥4.85 | CN¥140.83 | x |
| 2021-12-31 | CN¥4.86 | CN¥140.83 | x |
| 2022-12-31 | CN¥5.49 | CN¥140.83 | x |
| 2023-12-31 | CN¥6.66 | CN¥140.83 | x |
| 2024-12-31 | CN¥8.57 | CN¥140.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently L&K Engineering Suzhou 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): 34.77%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.82%
- • Asset Turnover: 1.33x
- • Equity Multiplier: 2.21x
- Recent ROE (34.77%) is above the historical average (12.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 7.79% | 4.78% | 0.85x | 1.92x | CN¥-8.14 Million |
| 2012 | 11.38% | 7.01% | 1.04x | 1.57x | CN¥5.74 Million |
| 2013 | 12.74% | 9.49% | 0.82x | 1.63x | CN¥12.42 Million |
| 2014 | 8.71% | 8.12% | 0.68x | 1.57x | CN¥-6.18 Million |
| 2015 | 14.61% | 7.18% | 0.94x | 2.17x | CN¥25.09 Million |
| 2016 | 18.62% | 7.72% | 1.50x | 1.61x | CN¥76.57 Million |
| 2017 | 13.09% | 7.21% | 1.07x | 1.70x | CN¥30.32 Million |
| 2018 | 14.64% | 7.14% | 1.17x | 1.76x | CN¥51.07 Million |
| 2019 | 9.22% | 5.61% | 0.89x | 1.85x | CN¥-8.93 Million |
| 2020 | -3.18% | -3.54% | 0.47x | 1.91x | CN¥-136.42 Million |
| 2021 | 2.40% | 1.13% | 0.98x | 2.17x | CN¥-78.76 Million |
| 2022 | 12.86% | 4.96% | 1.18x | 2.20x | CN¥33.45 Million |
| 2023 | 20.13% | 8.96% | 0.90x | 2.49x | CN¥144.36 Million |
| 2024 | 34.77% | 11.82% | 1.33x | 2.21x | CN¥453.04 Million |
Industry Comparison
This section compares L&K Engineering Suzhou Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,293,171,469
- Average return on equity (ROE) among peers: -19.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L&K Engineering Suzhou Co Ltd (603929) | CN¥1.89 Billion | 7.79% | 1.65x | $1.37 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $2.21 Billion | 1.80% | 1.20x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $273.69 Million | 5.51% | 1.09x | $1.18 Billion |
| NORINCO International Cooperation Ltd (000065) | $10.22 Billion | 10.27% | 1.39x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $1.08 Billion | 6.39% | 1.55x | $602.43 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $433.84 Million | -22.79% | 2.88x | $597.20 Million |
| Jinyuan Cement Co Ltd (000546) | $4.61 Billion | 0.86% | 0.22x | $312.99 Million |
| Hunan Investment Group Co Ltd (000548) | $1.41 Billion | 7.29% | 0.50x | $259.03 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $134.20 Million | -202.04% | 12.95x | $1.18 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $307.94 Million | -4.18% | 0.33x | $300.46 Million |
| Hainan Expressway Co Ltd (000886) | $2.26 Billion | 1.18% | 0.16x | $593.20 Million |