Keystone Technology Co Ltd
Keystone Technology Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of semiconductor display devices and special adhesive materials in China and internationally. The company offers semiconductor display devices comprising polarizers, functional devices, signal connectors, liquid crystal panels, and production auxiliary consumables for use in LC… Read more
Keystone Technology Co Ltd (605588) - Net Assets
Latest net assets as of September 2025: CN¥1.02 Billion CNY
Based on the latest financial reports, Keystone Technology Co Ltd (605588) has net assets worth CN¥1.02 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¥2.96 Billion) and total liabilities (CN¥1.94 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¥1.02 Billion |
| % of Total Assets | 34.6% |
| Annual Growth Rate | 26.69% |
| 5-Year Change | 177.08% |
| 10-Year Change | N/A |
| Growth Volatility | 48.76 |
Keystone Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Keystone Technology 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 Keystone Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Keystone Technology Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.04 Billion | -1.19% |
| 2023-12-31 | CN¥1.05 Billion | +4.75% |
| 2022-12-31 | CN¥1.01 Billion | +7.90% |
| 2021-12-31 | CN¥932.19 Million | +148.09% |
| 2020-12-31 | CN¥375.75 Million | +32.68% |
| 2019-12-31 | CN¥283.21 Million | +4.87% |
| 2018-12-31 | CN¥270.05 Million | +35.88% |
| 2017-12-31 | CN¥198.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Keystone Technology 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 59.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥304.04 Million | 29.20% |
| Common Stock | CN¥73.48 Million | 7.06% |
| Other Comprehensive Income | CN¥538.50K | 0.05% |
| Other Components | CN¥663.06 Million | 63.69% |
| Total Equity | CN¥1.04 Billion | 100.00% |
Keystone Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Keystone Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SD Biosensor Inc
KO:137310
|
$174.83 Million |
|
Equasens S. A.
PA:EQS
|
$174.86 Million |
|
Beijing Kingfore HV & Energy Conservation Technology Co.Ltd.
SHE:001210
|
$174.91 Million |
|
TYC Brother Industrial Co Ltd
TW:1522
|
$174.92 Million |
|
Holsin Engineering Consulting
SHG:603909
|
$174.71 Million |
|
Hwacom Systems
TWO:6163
|
$174.66 Million |
|
UTI Inc
KQ:179900
|
$174.63 Million |
|
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
|
$174.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keystone Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,053,679,569 to 1,041,120,766, a change of -12,558,803 (-1.2%).
- Net loss of 15,455,120 reduced equity.
- Dividend payments of 34,779,364 reduced retained earnings.
- Share repurchases of 2,867,658 reduced equity.
- Other comprehensive income increased equity by 77,266.
- Other factors increased equity by 40,466,073.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-15.46 Million | -1.48% |
| Dividends Paid | CN¥34.78 Million | -3.34% |
| Share Repurchases | CN¥2.87 Million | -0.28% |
| Other Comprehensive Income | CN¥77.27K | +0.01% |
| Other Changes | CN¥40.47 Million | +3.89% |
| Total Change | CN¥- | -1.19% |
Book Value vs Market Value Analysis
This analysis compares Keystone Technology 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: 3.82x
- 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 increased from 1.35x to 3.82x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥40.13 | CN¥54.36 | x |
| 2018-12-31 | CN¥54.85 | CN¥54.36 | x |
| 2019-12-31 | CN¥3.87 | CN¥54.36 | x |
| 2020-12-31 | CN¥6.88 | CN¥54.36 | x |
| 2021-12-31 | CN¥12.75 | CN¥54.36 | x |
| 2022-12-31 | CN¥13.76 | CN¥54.36 | x |
| 2023-12-31 | CN¥14.33 | CN¥54.36 | x |
| 2024-12-31 | CN¥14.25 | CN¥54.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keystone Technology 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): -1.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.14%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.74x
- Recent ROE (-1.48%) is below the historical average (16.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 29.48% | 18.12% | 1.09x | 1.50x | CN¥37.55 Million |
| 2018 | 21.93% | 12.84% | 0.95x | 1.79x | CN¥31.45 Million |
| 2019 | 32.59% | 11.05% | 1.44x | 2.05x | CN¥63.97 Million |
| 2020 | 24.15% | 8.21% | 1.30x | 2.26x | CN¥53.18 Million |
| 2021 | 10.58% | 7.06% | 1.12x | 1.34x | CN¥5.44 Million |
| 2022 | 8.12% | 7.37% | 0.81x | 1.36x | CN¥-18.95 Million |
| 2023 | 4.96% | 5.84% | 0.52x | 1.64x | CN¥-53.15 Million |
| 2024 | -1.48% | -1.14% | 0.48x | 2.74x | CN¥-119.57 Million |
Industry Comparison
This section compares Keystone Technology Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $20,570,804,952
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keystone Technology Co Ltd (605588) | CN¥1.02 Billion | 29.48% | 1.89x | $174.73 Million |
| TCL Corp (000100) | $132.14 Billion | 0.20% | 1.72x | $11.00 Billion |
| Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) | $470.47 Million | 28.36% | 1.12x | $193.39 Million |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $47.06 Billion | 14.49% | 1.32x | $3.68 Billion |
| TongFu Microelectronics Co Ltd (002156) | $222.39 Million | 16.98% | 3.34x | $6.97 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $19.12 Billion | 1.18% | 0.76x | $4.61 Billion |
| NAURA Technology Group Co Ltd (002371) | $3.36 Billion | 2.76% | 0.94x | $23.27 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.25 Billion | 6.30% | 0.11x | $3.07 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $1.01 Billion | 8.50% | 1.05x | $204.60 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $44.34 Million | 1.04% | 0.46x | $308.98 Million |
| Hubei Tech Semiconductors Co (300046) | $1.03 Billion | 4.28% | 0.07x | $823.72 Million |