Appotronics Corp Ltd (688007) - Net Assets
Based on the latest financial reports, Appotronics Corp Ltd (688007) has net assets worth CN¥2.47 Billion CNY (≈ $361.72 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¥3.84 Billion ≈ $562.59 Million USD) and total liabilities (CN¥1.37 Billion ≈ $200.87 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 Appotronics Corp Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.47 Billion |
| % of Total Assets | 64.3% |
| Annual Growth Rate | 52.81% |
| 5-Year Change | 22.17% |
| 10-Year Change | N/A |
| Growth Volatility | 171.52 |
Appotronics Corp Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Appotronics Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Appotronics Corp Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Appotronics Corp Ltd (2016–2024)
The table below shows the annual net assets of Appotronics Corp Ltd from 2016 to 2024. For live valuation and market cap data, see market value of Appotronics Corp Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.67 Billion ≈ $390.69 Million |
-4.53% |
| 2023-12-31 | CN¥2.80 Billion ≈ $409.24 Million |
+2.01% |
| 2022-12-31 | CN¥2.74 Billion ≈ $401.17 Million |
+4.51% |
| 2021-12-31 | CN¥2.62 Billion ≈ $383.86 Million |
+20.03% |
| 2020-12-31 | CN¥2.19 Billion ≈ $319.79 Million |
+2.88% |
| 2019-12-31 | CN¥2.12 Billion ≈ $310.84 Million |
+156.89% |
| 2018-12-31 | CN¥826.90 Million ≈ $121.00 Million |
+528.94% |
| 2017-12-31 | CN¥131.47 Million ≈ $19.24 Million |
+46.39% |
| 2016-12-31 | CN¥89.81 Million ≈ $13.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Appotronics Corp 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 69259742523.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥644.70 Million | 23.53% |
| Common Stock | CN¥459.29 Million | 16.76% |
| Other Comprehensive Income | CN¥257.28 Million | 9.39% |
| Other Components | CN¥1.38 Billion | 50.32% |
| Total Equity | CN¥2.74 Billion | 100.00% |
Appotronics Corp Ltd Competitors by Market Cap
The table below lists competitors of Appotronics Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Pudong Road & Bridge Construction Co Ltd
SHG:600284
|
$1.00 Billion |
|
Nanxing Furniture Machinery & Equipment Co Ltd
SHE:002757
|
$1.00 Billion |
|
PLAYTIKA HOLDING DL-01
F:8II
|
$1.00 Billion |
|
Changyuan Group Ltd
SHG:600525
|
$1.00 Billion |
|
CareDx Inc
NASDAQ:CDNA
|
$1.00 Billion |
|
Fujian Tianma Science and Technology Group Co Ltd
SHG:603668
|
$1.00 Billion |
|
Tortoise Energy Infrastructure Closed Fund
NYSE:TYG
|
$1.00 Billion |
|
Jiangsu Tongli Risheng Machinery Co. Ltd.
SHG:605286
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Appotronics Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,818,869,452 to 2,740,047,895, a change of -78,821,557 (-2.8%).
- Net income of 27,953,101 contributed positively to equity growth.
- Dividend payments of 55,158,860 reduced retained earnings.
- Share repurchases of 119,432,441 reduced equity.
- Other comprehensive income increased equity by 249,726,910.
- Other factors decreased equity by 181,910,267.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥27.95 Million | +1.02% |
| Dividends Paid | CN¥55.16 Million | -2.01% |
| Share Repurchases | CN¥119.43 Million | -4.36% |
| Other Comprehensive Income | CN¥249.73 Million | +9.11% |
| Other Changes | CN¥-181.91 Million | -6.64% |
| Total Change | CN¥- | -2.80% |
Book Value vs Market Value Analysis
This analysis compares Appotronics Corp 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: 2.53x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 138.80x to 2.53x 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¥0.11 | CN¥14.88 | x |
| 2017-12-31 | CN¥0.16 | CN¥14.88 | x |
| 2018-12-31 | CN¥1.84 | CN¥14.88 | x |
| 2019-12-31 | CN¥4.37 | CN¥14.88 | x |
| 2020-12-31 | CN¥4.62 | CN¥14.88 | x |
| 2021-12-31 | CN¥5.33 | CN¥14.88 | x |
| 2022-12-31 | CN¥5.80 | CN¥14.88 | x |
| 2023-12-31 | CN¥6.01 | CN¥14.88 | x |
| 2024-12-31 | CN¥5.88 | CN¥14.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Appotronics Corp 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): 1.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.16%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.55x
- Recent ROE (1.02%) is below the historical average (26.27%), 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 | 28.73% | 3.93% | 0.72x | 10.16x | CN¥9.09 Million |
| 2017 | 149.34% | 13.08% | 0.78x | 14.70x | CN¥98.34 Million |
| 2018 | 24.72% | 12.77% | 0.67x | 2.90x | CN¥105.38 Million |
| 2019 | 9.44% | 9.42% | 0.64x | 1.57x | CN¥-11.00 Million |
| 2020 | 5.44% | 5.84% | 0.60x | 1.54x | CN¥-95.31 Million |
| 2021 | 9.57% | 9.34% | 0.61x | 1.68x | CN¥-10.44 Million |
| 2022 | 4.51% | 4.70% | 0.59x | 1.64x | CN¥-145.33 Million |
| 2023 | 3.66% | 4.66% | 0.52x | 1.50x | CN¥-178.70 Million |
| 2024 | 1.02% | 1.16% | 0.57x | 1.55x | CN¥-246.05 Million |
Industry Comparison
This section compares Appotronics Corp Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $3,270,610,270
- Average return on equity (ROE) among peers: 6.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Appotronics Corp Ltd (688007) | CN¥2.47 Billion | 28.73% | 0.56x | $1.00 Billion |
| Konka Group Co Ltd (000016) | $3.29 Billion | 3.02% | 1.93x | $756.97 Million |
| Tianma Microelectronics Co Ltd (000050) | $13.76 Billion | 4.14% | 0.58x | $2.74 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.01 Billion | 4.02% | 1.24x | $1.17 Billion |
| Soyea Technology Co Ltd (000909) | $1.98 Billion | 4.97% | 1.20x | $298.48 Million |
| Guoguang Electric Co Ltd (002045) | $650.56 Million | 7.89% | 0.74x | $928.45 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $6.77 Billion | 16.55% | 0.95x | $4.51 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $1.14 Billion | -2.98% | 0.48x | $318.38 Million |
| Goertek Inc (002241) | $874.59 Million | 14.02% | 0.63x | $12.71 Billion |
| Edifier Technology Co Ltd (002351) | $1.57 Billion | 6.28% | 0.09x | $1.45 Billion |
| Guangzhou Echom Sci&Tech Co Ltd (002420) | $1.66 Billion | 2.84% | 1.44x | $440.55 Million |
About Appotronics Corp Ltd
Appotronics Corporation Limited operates in laser technology industry in China. It provides automotive qualified projection technology for automotive industry; laser light source upgrades for cinemas; home theatre ODM, such as optical engine series, laser TV, laser micro projector, and AR display prospects, as well as laser film projection services, Cinema projection solutions, professional displ… Read more