Fujian Raynen Tech Co Ltd (603933) - Net Assets
Based on the latest financial reports, Fujian Raynen Tech Co Ltd (603933) has net assets worth CN¥1.38 Billion CNY (≈ $201.35 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¥2.75 Billion ≈ $402.25 Million USD) and total liabilities (CN¥1.37 Billion ≈ $200.90 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 tangible equity quality of Fujian Raynen Tech Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.38 Billion |
| % of Total Assets | 50.06% |
| Annual Growth Rate | 19.59% |
| 5-Year Change | 16.12% |
| 10-Year Change | 247.45% |
| Growth Volatility | 39.34 |
Fujian Raynen Tech Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Fujian Raynen Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. See Fujian Raynen Tech Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fujian Raynen Tech Co Ltd (2012–2025)
The table below shows the annual net assets of Fujian Raynen Tech Co Ltd from 2012 to 2025. For live valuation and market cap data, see Fujian Raynen Tech Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.35 Billion ≈ $196.94 Million |
+1.29% |
| 2024-12-31 | CN¥1.33 Billion ≈ $194.43 Million |
+1.82% |
| 2023-12-31 | CN¥1.30 Billion ≈ $190.96 Million |
+3.26% |
| 2022-12-31 | CN¥1.26 Billion ≈ $184.93 Million |
+9.03% |
| 2021-12-31 | CN¥1.16 Billion ≈ $169.60 Million |
+11.75% |
| 2020-12-31 | CN¥1.04 Billion ≈ $151.78 Million |
-0.80% |
| 2019-12-31 | CN¥1.05 Billion ≈ $153.00 Million |
-1.00% |
| 2018-12-31 | CN¥1.06 Billion ≈ $154.56 Million |
+8.63% |
| 2017-12-31 | CN¥972.34 Million ≈ $142.28 Million |
+151.02% |
| 2016-12-31 | CN¥387.35 Million ≈ $56.68 Million |
+28.41% |
| 2015-12-31 | CN¥301.65 Million ≈ $44.14 Million |
+20.79% |
| 2014-12-31 | CN¥249.73 Million ≈ $36.54 Million |
+26.87% |
| 2013-12-31 | CN¥196.85 Million ≈ $28.80 Million |
+49.62% |
| 2012-12-31 | CN¥131.56 Million ≈ $19.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Raynen 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 grown by 620.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥555.45 Million | 42.39% |
| Other Components | CN¥754.89 Million | 57.61% |
| Total Equity | CN¥1.31 Billion | 100.00% |
Fujian Raynen Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Raynen Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Orrstown Financial Services Inc
NASDAQ:ORRF
|
$734.25 Million |
|
Hoang Anh Gia Lai JSC
VN:HAG
|
$734.34 Million |
|
Hwang Chang General Contractor Co Ltd
TW:2543
|
$734.35 Million |
|
Baotailong New Materials Co Ltd
SHG:601011
|
$734.44 Million |
|
Stratasys Ltd
NASDAQ:SSYS
|
$733.90 Million |
|
Galaxy Surfactants Limited
NSE:GALAXYSURF
|
$733.73 Million |
|
Thanh Thanh Cong Tay Ninh JSC
VN:SBT
|
$733.54 Million |
|
Quest Holdings S.A
AT:QUEST
|
$733.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Raynen Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,295,285,621 to 1,310,342,325, a change of 15,056,704 (1.2%).
- Net income of 34,948,377 contributed positively to equity growth.
- Dividend payments of 32,282,525 reduced retained earnings.
- Other comprehensive income decreased equity by 116,692,893.
- Other factors increased equity by 129,083,746.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥34.95 Million | +2.67% |
| Dividends Paid | CN¥32.28 Million | -2.46% |
| Other Comprehensive Income | CN¥-116.69 Million | -8.91% |
| Other Changes | CN¥129.08 Million | +9.85% |
| Total Change | CN¥- | 1.16% |
Book Value vs Market Value Analysis
This analysis compares Fujian Raynen 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: 3.83x
- 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 23.61x to 3.83x 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¥1.02 | CN¥24.17 | x |
| 2013-12-31 | CN¥1.53 | CN¥24.17 | x |
| 2014-12-31 | CN¥1.69 | CN¥24.17 | x |
| 2015-12-31 | CN¥1.98 | CN¥24.17 | x |
| 2016-12-31 | CN¥2.56 | CN¥24.17 | x |
| 2017-12-31 | CN¥5.51 | CN¥24.17 | x |
| 2018-12-31 | CN¥5.22 | CN¥24.17 | x |
| 2019-12-31 | CN¥5.17 | CN¥24.17 | x |
| 2020-12-31 | CN¥5.12 | CN¥24.17 | x |
| 2021-12-31 | CN¥5.66 | CN¥24.17 | x |
| 2022-12-31 | CN¥6.12 | CN¥24.17 | x |
| 2023-12-31 | CN¥6.15 | CN¥24.17 | x |
| 2024-12-31 | CN¥6.24 | CN¥24.17 | x |
| 2025-12-31 | CN¥6.31 | CN¥24.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Raynen 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): 2.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.56%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.96x
- Recent ROE (2.67%) is below the historical average (11.24%), 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 | 24.22% | 4.27% | 2.03x | 2.80x | CN¥18.71 Million |
| 2013 | 21.65% | 4.42% | 2.20x | 2.23x | CN¥22.93 Million |
| 2014 | 18.37% | 4.12% | 2.26x | 1.97x | CN¥20.80 Million |
| 2015 | 16.23% | 3.83% | 2.13x | 1.99x | CN¥18.59 Million |
| 2016 | 24.20% | 5.99% | 1.95x | 2.07x | CN¥54.82 Million |
| 2017 | 14.55% | 7.40% | 1.39x | 1.42x | CN¥44.22 Million |
| 2018 | 10.82% | 6.13% | 1.22x | 1.45x | CN¥8.57 Million |
| 2019 | 2.90% | 2.04% | 1.04x | 1.37x | CN¥-73.85 Million |
| 2020 | 2.44% | 1.68% | 1.03x | 1.42x | CN¥-77.88 Million |
| 2021 | 7.52% | 4.11% | 1.06x | 1.73x | CN¥-28.19 Million |
| 2022 | 4.32% | 2.51% | 1.01x | 1.70x | CN¥-70.46 Million |
| 2023 | 4.62% | 3.20% | 0.82x | 1.75x | CN¥-69.02 Million |
| 2024 | 2.85% | 1.91% | 0.82x | 1.81x | CN¥-92.60 Million |
| 2025 | 2.67% | 1.56% | 0.87x | 1.96x | CN¥-96.09 Million |
Industry Comparison
This section compares Fujian Raynen Tech Co Ltd's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $8,189,675,894
- Average return on equity (ROE) among peers: 6.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Raynen Tech Co Ltd (603933) | CN¥1.38 Billion | 24.22% | 1.00x | $734.05 Million |
| Shenzhen Kaifa Technology Co Ltd (000021) | $12.78 Billion | 5.04% | 1.14x | $10.15 Billion |
| China Greatwall Computer Shenzhen Co Ltd (000066) | $12.45 Billion | -11.88% | 1.62x | $8.42 Billion |
| TPV Technology Co Ltd (000727) | $1.20 Billion | 2.17% | 0.76x | $1.82 Billion |
| Inspur Electronic Info Industr (000977) | $17.62 Billion | 11.84% | 1.33x | $14.14 Billion |
| Ninestar Corp (002180) | $8.56 Billion | 11.10% | 3.22x | $2.94 Billion |
| Costar Group Co Ltd (002189) | $495.15 Million | 2.19% | 0.48x | $759.85 Million |
| Hangzhou Hikvision Digital Technology Co Ltd (002415) | $24.48 Billion | 30.33% | 0.69x | $43.32 Billion |
| Shenzhen Rapoo Technology (002577) | $1.16 Billion | 2.75% | 0.07x | $801.75 Million |
| Suzhou Anjie Technology Co Ltd (002635) | $2.34 Billion | 13.15% | 0.32x | $1.76 Billion |
| Netac Tech (300042) | $811.84 Million | 0.73% | 0.08x | $2.06 Billion |
About Fujian Raynen Tech Co Ltd
Fujian Raynen Technology Co., Ltd. engages in the IC distribution business in China and internationally. It also researches and develops, produces, and sells industrial automation products. The company's products include flat knitting machine electronic control, sock machine electronic control, glove machine electronic control, twining machine electrical control system, and process plate making s… Read more