Raytron Technology Co Ltd (688002) - Net Assets
Based on the latest financial reports, Raytron Technology Co Ltd (688002) has net assets worth CN¥6.26 Billion CNY (≈ $916.19 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.92 Billion ≈ $1.45 Billion USD) and total liabilities (CN¥3.66 Billion ≈ $535.67 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 how resilient are Raytron Technology Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.26 Billion |
| % of Total Assets | 63.1% |
| Annual Growth Rate | 46.89% |
| 5-Year Change | 88.77% |
| 10-Year Change | N/A |
| Growth Volatility | 59.51 |
Raytron Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Raytron Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688002 total assets for the complete picture of this company's asset base.
Annual Net Assets for Raytron Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Raytron Technology Co Ltd from 2016 to 2024. For live valuation and market cap data, see Raytron Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.53 Billion ≈ $809.28 Million |
+7.97% |
| 2023-12-31 | CN¥5.12 Billion ≈ $749.56 Million |
+18.05% |
| 2022-12-31 | CN¥4.34 Billion ≈ $634.98 Million |
+14.68% |
| 2021-12-31 | CN¥3.78 Billion ≈ $553.70 Million |
+29.15% |
| 2020-12-31 | CN¥2.93 Billion ≈ $428.72 Million |
+25.07% |
| 2019-12-31 | CN¥2.34 Billion ≈ $342.79 Million |
+132.86% |
| 2018-12-31 | CN¥1.01 Billion ≈ $147.21 Million |
+178.80% |
| 2017-12-31 | CN¥360.83 Million ≈ $52.80 Million |
+41.42% |
| 2016-12-31 | CN¥255.15 Million ≈ $37.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Raytron 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 237414808090.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.32 Billion | 42.88% |
| Common Stock | CN¥454.92 Million | 8.42% |
| Other Comprehensive Income | CN¥783.20 Million | 14.49% |
| Other Components | CN¥1.85 Billion | 34.21% |
| Total Equity | CN¥5.40 Billion | 100.00% |
Raytron Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Raytron Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Molybdenum Co. Ltd
F:D7N
|
$9.93 Billion |
|
AVIC Aircraft Co Ltd
SHE:000768
|
$9.95 Billion |
|
WISE PLC SPONS.ADR/1
F:6WS0
|
$9.95 Billion |
|
DaVita HealthCare Partners Inc
NYSE:DVA
|
$9.96 Billion |
|
Donaldson Company Inc
NYSE:DCI
|
$9.92 Billion |
|
Shanghai International Airport Co Ltd
SHG:600009
|
$9.90 Billion |
|
Antero Midstream Partners LP
NYSE:AM
|
$9.90 Billion |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958
|
$9.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Raytron Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,812,320,271 to 5,404,339,027, a change of 592,018,756 (12.3%).
- Net income of 568,960,579 contributed positively to equity growth.
- Dividend payments of 93,175,451 reduced retained earnings.
- Share repurchases of 205,098,596 reduced equity.
- Other comprehensive income increased equity by 28,728,531.
- Other factors increased equity by 292,603,693.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥568.96 Million | +10.53% |
| Dividends Paid | CN¥93.18 Million | -1.72% |
| Share Repurchases | CN¥205.10 Million | -3.8% |
| Other Comprehensive Income | CN¥28.73 Million | +0.53% |
| Other Changes | CN¥292.60 Million | +5.41% |
| Total Change | CN¥- | 12.30% |
Book Value vs Market Value Analysis
This analysis compares Raytron 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: 12.30x
- 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 147.74x to 12.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.00 | CN¥147.26 | x |
| 2017-12-31 | CN¥1.30 | CN¥147.26 | x |
| 2018-12-31 | CN¥2.99 | CN¥147.26 | x |
| 2019-12-31 | CN¥5.26 | CN¥147.26 | x |
| 2020-12-31 | CN¥6.57 | CN¥147.26 | x |
| 2021-12-31 | CN¥7.77 | CN¥147.26 | x |
| 2022-12-31 | CN¥8.81 | CN¥147.26 | x |
| 2023-12-31 | CN¥10.48 | CN¥147.26 | x |
| 2024-12-31 | CN¥11.97 | CN¥147.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Raytron 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): 10.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.18%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.63x
- Recent ROE (10.53%) is below the historical average (11.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 3.80% | 16.09% | 0.20x | 1.20x | CN¥-15.80 Million |
| 2017 | 17.84% | 41.32% | 0.31x | 1.39x | CN¥28.27 Million |
| 2018 | 12.44% | 32.59% | 0.32x | 1.18x | CN¥24.57 Million |
| 2019 | 8.63% | 29.51% | 0.27x | 1.09x | CN¥-32.13 Million |
| 2020 | 19.95% | 37.41% | 0.44x | 1.21x | CN¥291.33 Million |
| 2021 | 13.23% | 25.90% | 0.36x | 1.40x | CN¥112.69 Million |
| 2022 | 7.91% | 11.84% | 0.42x | 1.60x | CN¥-82.82 Million |
| 2023 | 10.30% | 13.93% | 0.43x | 1.72x | CN¥14.54 Million |
| 2024 | 10.53% | 13.18% | 0.49x | 1.63x | CN¥28.53 Million |
Industry Comparison
This section compares Raytron Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $22,207,061,921
- Average return on equity (ROE) among peers: 2.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Raytron Technology Co Ltd (688002) | CN¥6.26 Billion | 3.80% | 0.58x | $9.92 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $412.50 Million | -16.79% | 0.29x | $382.28 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $217.50 Million | 13.85% | 1.05x | $1.61 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $936.36 Million | -14.92% | 2.68x | $484.64 Million |
| CPT Technology Group Co Ltd (000536) | $5.57 Billion | 10.98% | 1.18x | $1.67 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.08 Billion | 2.04% | 0.58x | $4.38 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $608.18 Million |
| BOE Technology Group Co Ltd (000725) | $204.55 Billion | 2.60% | 1.10x | $22.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $3.62 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $884.58 Million | 12.98% | 0.75x | $2.19 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $5.04 Billion |
About Raytron Technology Co Ltd
Raytron Technology Co.,Ltd. engages in the research and development, design, manufacturing, and sales of uncooled infrared imagining, MEMS sensor, and image processing algorithms technology in China. The company provides driving assistant, infrared imaging, and vacuum packaging products; MEMS design services for sensors; and ASIC, analog, and Hybrid IP design services. Its products are used in se… Read more