L&K Engineering Suzhou Co Ltd (603929) - Net Assets
Based on the latest financial reports, L&K Engineering Suzhou Co Ltd (603929) has net assets worth CN¥2.40 Billion CNY (≈ $351.48 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.51 Billion ≈ $806.47 Million USD) and total liabilities (CN¥3.11 Billion ≈ $454.99 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 603929 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.40 Billion |
| % of Total Assets | 43.58% |
| Annual Growth Rate | 13.57% |
| 5-Year Change | 120.29% |
| 10-Year Change | 161.02% |
| Growth Volatility | 16.51 |
L&K Engineering Suzhou Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how L&K Engineering Suzhou Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603929 stock market capitalisation.
Annual Net Assets for L&K Engineering Suzhou Co Ltd (2011–2025)
The table below shows the annual net assets of L&K Engineering Suzhou Co Ltd from 2011 to 2025. Also explore net asset momentum of L&K Engineering Suzhou Co Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.32 Billion ≈ $339.22 Million |
+25.31% |
| 2024-12-31 | CN¥1.85 Billion ≈ $270.70 Million |
+27.68% |
| 2023-12-31 | CN¥1.45 Billion ≈ $212.02 Million |
+21.83% |
| 2022-12-31 | CN¥1.19 Billion ≈ $174.03 Million |
+13.02% |
| 2021-12-31 | CN¥1.05 Billion ≈ $153.99 Million |
+0.21% |
| 2020-12-31 | CN¥1.05 Billion ≈ $153.66 Million |
-10.05% |
| 2019-12-31 | CN¥1.17 Billion ≈ $170.83 Million |
+4.44% |
| 2018-12-31 | CN¥1.12 Billion ≈ $163.58 Million |
+12.14% |
| 2017-12-31 | CN¥996.79 Million ≈ $145.86 Million |
+12.24% |
| 2016-12-31 | CN¥888.13 Million ≈ $129.96 Million |
+63.31% |
| 2015-12-31 | CN¥543.82 Million ≈ $79.58 Million |
+13.35% |
| 2014-12-31 | CN¥479.78 Million ≈ $70.21 Million |
+5.69% |
| 2013-12-31 | CN¥453.96 Million ≈ $66.43 Million |
+9.03% |
| 2012-12-31 | CN¥416.38 Million ≈ $60.93 Million |
+6.75% |
| 2011-12-31 | CN¥390.06 Million ≈ $57.08 Million |
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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 1753.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.71 Billion | 74.37% |
| Common Stock | CN¥213.36 Million | 9.26% |
| Other Comprehensive Income | CN¥120.99 Million | 5.25% |
| Other Components | CN¥256.20 Million | 11.12% |
| Total Equity | CN¥2.30 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 |
|---|---|
|
Radian Group Inc
NYSE:RDN
|
$4.77 Billion |
|
Grifols S.A.
MC:GRF
|
$4.77 Billion |
|
Octave Intelligence plc
NASDAQ:OCTV
|
$4.77 Billion |
|
Sonoco Products Company
NYSE:SON
|
$4.77 Billion |
|
Fortune Brands Innovations Inc.
NYSE:FBIN
|
$4.77 Billion |
|
Capricorn Metals Ltd
AU:CMM
|
$4.77 Billion |
|
Tamarack Valley Energy Ltd
TO:TVE
|
$4.77 Billion |
|
Lancaster Colony Corporation
NASDAQ:LANC
|
$4.76 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 2024 to 2025, total equity changed from 1,828,684,965 to 2,303,991,845, a change of 475,306,880 (26.0%).
- Net income of 892,165,279 contributed positively to equity growth.
- Dividend payments of 426,720,000 reduced retained earnings.
- Other comprehensive income increased equity by 9,861,601.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥892.17 Million | +38.72% |
| Dividends Paid | CN¥426.72 Million | -18.52% |
| Other Comprehensive Income | CN¥9.86 Million | +0.43% |
| Total Change | CN¥- | 25.99% |
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: 14.14x
- 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 66.12x to 14.14x 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¥152.71 | x |
| 2012-12-31 | CN¥2.64 | CN¥152.71 | x |
| 2013-12-31 | CN¥2.83 | CN¥152.71 | x |
| 2014-12-31 | CN¥2.98 | CN¥152.71 | x |
| 2015-12-31 | CN¥3.42 | CN¥152.71 | x |
| 2016-12-31 | CN¥5.53 | CN¥152.71 | x |
| 2017-12-31 | CN¥4.58 | CN¥152.71 | x |
| 2018-12-31 | CN¥5.19 | CN¥152.71 | x |
| 2019-12-31 | CN¥5.39 | CN¥152.71 | x |
| 2020-12-31 | CN¥4.85 | CN¥152.71 | x |
| 2021-12-31 | CN¥4.86 | CN¥152.71 | x |
| 2022-12-31 | CN¥5.49 | CN¥152.71 | x |
| 2023-12-31 | CN¥6.66 | CN¥152.71 | x |
| 2024-12-31 | CN¥8.57 | CN¥152.71 | x |
| 2025-12-31 | CN¥10.80 | CN¥152.71 | 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): 38.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.19%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 2.34x
- Recent ROE (38.72%) is above the historical average (14.43%), 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 |
| 2025 | 38.72% | 18.19% | 0.91x | 2.34x | CN¥661.77 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: $1,707,075,665
- Average return on equity (ROE) among peers: 13.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| L&K Engineering Suzhou Co Ltd (603929) | CN¥2.40 Billion | 7.79% | 1.29x | $4.77 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $343.59 Million | 5.13% | 7.56x | $265.80 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $9.72 Billion | 3.98% | 3.73x | $2.52 Billion |
| NORINCO International Cooperation Ltd (000065) | $331.57 Million | 5.20% | 1.59x | $1.62 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $3.37 Billion | 11.23% | 1.90x | $921.45 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $242.62 Million | 15.14% | 1.49x | $1.11 Billion |
| Jinyuan Cement Co Ltd (000546) | $229.93 Million | 4.02% | 1.55x | $505.25 Million |
| Hunan Investment Group Co Ltd (000548) | $159.53 Million | 25.45% | 1.23x | $325.08 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $872.17 Million | 6.28% | 3.04x | $2.73 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $32.59 Million | 50.71% | 2.04x | $574.76 Million |
| Hainan Expressway Co Ltd (000886) | $1.77 Billion | 12.00% | 0.72x | $665.60 Million |
About L&K Engineering Suzhou Co Ltd
L&K Engineering (Suzhou) Co.,Ltd. engages in the provision of specialized engineering technical services in China. It offers engineering, procurement, and construction; design and consultation; clean room engineering; MEP; process system; and operation and maintenance services. The company also manufactures ducted chemical filter unit system and washing humidification system, as well as provides … Read more