Keystone Technology Co Ltd (605588) - Net Assets
Based on the latest financial reports, Keystone Technology Co Ltd (605588) has net assets worth CN¥945.84 Million CNY (≈ $138.41 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¥2.86 Billion ≈ $418.61 Million USD) and total liabilities (CN¥1.91 Billion ≈ $280.20 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 605588 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥945.84 Million |
| % of Total Assets | 33.06% |
| Annual Growth Rate | 23.41% |
| 5-Year Change | 14.68% |
| 10-Year Change | N/A |
| Growth Volatility | 46.72 |
Keystone Technology Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Keystone Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 605588 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Keystone Technology Co Ltd (2017–2025)
The table below shows the annual net assets of Keystone Technology Co Ltd from 2017 to 2025. For live valuation and market cap data, see Keystone Technology Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.07 Billion ≈ $156.44 Million |
+2.68% |
| 2024-12-31 | CN¥1.04 Billion ≈ $152.35 Million |
-1.19% |
| 2023-12-31 | CN¥1.05 Billion ≈ $154.19 Million |
+4.75% |
| 2022-12-31 | CN¥1.01 Billion ≈ $147.19 Million |
+7.90% |
| 2021-12-31 | CN¥932.19 Million ≈ $136.41 Million |
+148.09% |
| 2020-12-31 | CN¥375.75 Million ≈ $54.98 Million |
+32.68% |
| 2019-12-31 | CN¥283.21 Million ≈ $41.44 Million |
+4.87% |
| 2018-12-31 | CN¥270.05 Million ≈ $39.52 Million |
+35.88% |
| 2017-12-31 | CN¥198.75 Million ≈ $29.08 Million |
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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 16.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥222.51 Million | 22.99% |
| Common Stock | CN¥73.47 Million | 7.59% |
| Other Comprehensive Income | CN¥25.53 Million | 2.64% |
| Other Components | CN¥646.29 Million | 66.78% |
| Total Equity | CN¥967.80 Million | 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 |
|---|---|
|
Beijing Global Safety Technology Co Ltd
SHE:300523
|
$676.08 Million |
|
Guangzhou Haoyun Security Technologies Co Ltd
SHE:300448
|
$676.14 Million |
|
Kindom Construction Corp
TW:2520
|
$676.18 Million |
|
Santacruz Silver Mining Ltd.
V:SCZ
|
$676.24 Million |
|
Alltop Technology Co Ltd
TWO:3526
|
$676.05 Million |
|
Sichuan Xichang Electric Power Co Ltd
SHG:600505
|
$675.92 Million |
|
Zhuzhou Tianqiao Crane Co Ltd
SHE:002523
|
$675.80 Million |
|
Ronglian Group Ltd
SHE:002642
|
$675.73 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 2024 to 2025, total equity changed from 1,041,120,766 to 967,797,316, a change of -73,323,450 (-7.0%).
- Net loss of 70,289,114 reduced equity.
- Dividend payments of 34,077,349 reduced retained earnings.
- Share repurchases of 4,680,497 reduced equity.
- Other comprehensive income increased equity by 24,991,410.
- Other factors increased equity by 10,732,100.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-70.29 Million | -7.26% |
| Dividends Paid | CN¥34.08 Million | -3.52% |
| Share Repurchases | CN¥4.68 Million | -0.48% |
| Other Comprehensive Income | CN¥24.99 Million | +2.58% |
| Other Changes | CN¥10.73 Million | +1.11% |
| Total Change | CN¥- | -7.04% |
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: 4.76x
- 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 1.57x to 4.76x 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¥63.05 | x |
| 2018-12-31 | CN¥54.85 | CN¥63.05 | x |
| 2019-12-31 | CN¥5.80 | CN¥63.05 | x |
| 2020-12-31 | CN¥6.87 | CN¥63.05 | x |
| 2021-12-31 | CN¥15.31 | CN¥63.05 | x |
| 2022-12-31 | CN¥13.80 | CN¥63.05 | x |
| 2023-12-31 | CN¥14.33 | CN¥63.05 | x |
| 2024-12-31 | CN¥14.15 | CN¥63.05 | x |
| 2025-12-31 | CN¥13.24 | CN¥63.05 | 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): -7.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.16%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.87x
- Recent ROE (-7.26%) is below the historical average (13.67%), 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 |
| 2025 | -7.26% | -5.16% | 0.49x | 2.87x | CN¥-167.07 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: $10,029,963,191
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keystone Technology Co Ltd (605588) | CN¥945.84 Million | 29.48% | 2.02x | $676.05 Million |
| TCL Corp (000100) | $18.09 Billion | 2.39% | 1.96x | $15.22 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $41.67 Billion | 9.67% | 0.87x | $6.07 Billion |
| TongFu Microelectronics Co Ltd (002156) | $6.26 Billion | 1.95% | 0.94x | $15.16 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $6.52 Billion | 5.98% | 0.93x | $9.54 Billion |
| NAURA Technology Group Co Ltd (002371) | $24.82 Billion | 15.71% | 1.16x | $76.48 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.13 Billion | 6.43% | 0.15x | $10.46 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $352.03 Million | 7.46% | 0.51x | $668.80 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $222.27 Million | 21.95% | 0.58x | $718.10 Million |
| Hubei Tech Semiconductors Co (300046) | $1.11 Billion | 2.81% | 0.10x | $1.07 Billion |
| Shanghai Sinyang Semiconductor (300236) | $118.31 Million | 30.36% | 0.36x | $4.85 Billion |
About Keystone Technology Co Ltd
Keystone Technology Co.,Ltd., together with its subsidiaries, engages in the research, development, production, and sale of semiconductor display devices, specialty adhesive materials, and photomasks in China and internationally. The company offers semiconductor display devices comprising polarizers, functional components, signal connectors, LCD panels, and various production consumables for use … Read more