Aofu Environmental Technology Co Ltd
Aofu Environmental Technology Co.,Ltd. engages in the research and development, manufacture, and sale of ceramic products in China and internationally. The company offers heat exchange ceramic and ceramic substrate for exhaust gas; automotive honeycomb, ceramic substrate for gasoline engine and natural gas, gasoline particulate filter, and diesel particulate filter; and ship engines. It also prov… Read more
Aofu Environmental Technology Co Ltd (688021) - Net Assets
Latest net assets as of September 2025: CN¥863.04 Million CNY
Based on the latest financial reports, Aofu Environmental Technology Co Ltd (688021) has net assets worth CN¥863.04 Million 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¥1.17 Billion) and total liabilities (CN¥307.12 Million). 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¥863.04 Million |
| % of Total Assets | 73.75% |
| Annual Growth Rate | 24.2% |
| 5-Year Change | -5.85% |
| 10-Year Change | N/A |
| Growth Volatility | 55.0 |
Aofu Environmental Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Aofu Environmental 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 Aofu Environmental Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Aofu Environmental Technology Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥863.36 Million | -6.79% |
| 2023-12-31 | CN¥926.21 Million | -0.72% |
| 2022-12-31 | CN¥932.90 Million | -2.20% |
| 2021-12-31 | CN¥953.85 Million | +4.02% |
| 2020-12-31 | CN¥917.01 Million | +10.31% |
| 2019-12-31 | CN¥831.31 Million | +157.72% |
| 2018-12-31 | CN¥322.56 Million | +13.03% |
| 2017-12-31 | CN¥285.37 Million | +87.18% |
| 2016-12-31 | CN¥152.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aofu Environmental 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 14128499885.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥136.41 Million | 15.90% |
| Common Stock | CN¥76.41 Million | 8.91% |
| Other Components | CN¥644.92 Million | 75.19% |
| Total Equity | CN¥857.74 Million | 100.00% |
Aofu Environmental Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Aofu Environmental Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
L.K. TECH.HLDGS HD -10
F:L5D
|
$165.43 Million |
|
Vine Hill Capital Investment Corp. Unit
NASDAQ:VCICU
|
$165.44 Million |
|
BRT Realty Trust
NYSE:BRT
|
$165.50 Million |
|
Ranhill Holdings Ltd
KLSE:5272
|
$165.51 Million |
|
JDC Group AG
XETRA:JDC
|
$165.38 Million |
|
istyle Inc
F:IY5
|
$165.32 Million |
|
Shenzhen Kiwi Instruments Co. Ltd. A
SHG:688045
|
$165.16 Million |
|
Leong Hup International Berhad
KLSE:6633
|
$165.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aofu Environmental Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 916,365,963 to 857,739,134, a change of -58,626,829 (-6.4%).
- Net loss of 43,967,579 reduced equity.
- Dividend payments of 12,537,438 reduced retained earnings.
- Share repurchases of 10,101,462 reduced equity.
- Other comprehensive income decreased equity by 46,093,820.
- Other factors increased equity by 54,073,470.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-43.97 Million | -5.13% |
| Dividends Paid | CN¥12.54 Million | -1.46% |
| Share Repurchases | CN¥10.10 Million | -1.18% |
| Other Comprehensive Income | CN¥-46.09 Million | -5.37% |
| Other Changes | CN¥54.07 Million | +6.3% |
| Total Change | CN¥- | -6.40% |
Book Value vs Market Value Analysis
This analysis compares Aofu Environmental 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: 2.42x
- 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 9.33x to 2.42x 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¥2.99 | CN¥27.88 | x |
| 2017-12-31 | CN¥5.26 | CN¥27.88 | x |
| 2018-12-31 | CN¥5.66 | CN¥27.88 | x |
| 2019-12-31 | CN¥10.76 | CN¥27.88 | x |
| 2020-12-31 | CN¥11.59 | CN¥27.88 | x |
| 2021-12-31 | CN¥12.12 | CN¥27.88 | x |
| 2022-12-31 | CN¥11.91 | CN¥27.88 | x |
| 2023-12-31 | CN¥11.57 | CN¥27.88 | x |
| 2024-12-31 | CN¥11.51 | CN¥27.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aofu Environmental 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): -5.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.47%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.39x
- Recent ROE (-5.13%) is below the historical average (5.88%), 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 | 4.02% | 6.60% | 0.28x | 2.15x | CN¥-9.12 Million |
| 2017 | 19.57% | 28.38% | 0.40x | 1.71x | CN¥27.22 Million |
| 2018 | 14.50% | 18.83% | 0.43x | 1.79x | CN¥14.51 Million |
| 2019 | 6.21% | 19.26% | 0.25x | 1.29x | CN¥-31.51 Million |
| 2020 | 8.93% | 25.47% | 0.26x | 1.36x | CN¥-9.57 Million |
| 2021 | 7.03% | 16.62% | 0.28x | 1.53x | CN¥-27.86 Million |
| 2022 | -1.37% | -6.18% | 0.14x | 1.56x | CN¥-104.65 Million |
| 2023 | -0.86% | -2.38% | 0.22x | 1.61x | CN¥-99.56 Million |
| 2024 | -5.13% | -15.47% | 0.24x | 1.39x | CN¥-129.74 Million |
Industry Comparison
This section compares Aofu Environmental Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aofu Environmental Technology Co Ltd (688021) | CN¥863.04 Million | 4.02% | 0.36x | $165.41 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |