Aofu Environmental Technology Co Ltd (688021) - Net Assets
Based on the latest financial reports, Aofu Environmental Technology Co Ltd (688021) has net assets worth CN¥863.04 Million CNY (≈ $126.29 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¥1.17 Billion ≈ $171.23 Million USD) and total liabilities (CN¥307.12 Million ≈ $44.94 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 688021 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Aofu Environmental Technology Co Ltd assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Aofu Environmental Technology Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥863.36 Million ≈ $126.34 Million |
-6.79% |
| 2023-12-31 | CN¥926.21 Million ≈ $135.53 Million |
-0.72% |
| 2022-12-31 | CN¥932.90 Million ≈ $136.51 Million |
-2.20% |
| 2021-12-31 | CN¥953.85 Million ≈ $139.58 Million |
+4.02% |
| 2020-12-31 | CN¥917.01 Million ≈ $134.19 Million |
+10.31% |
| 2019-12-31 | CN¥831.31 Million ≈ $121.65 Million |
+157.72% |
| 2018-12-31 | CN¥322.56 Million ≈ $47.20 Million |
+13.03% |
| 2017-12-31 | CN¥285.37 Million ≈ $41.76 Million |
+87.18% |
| 2016-12-31 | CN¥152.46 Million ≈ $22.31 Million |
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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 |
|---|---|
|
Stalprodukt SA
WAR:STP
|
$338.93 Million |
|
Fujian Yongan Forestry Group Joint-Stock
SHE:000663
|
$338.96 Million |
|
Clinuvel Pharmaceuticals Ltd
AU:CUV
|
$339.22 Million |
|
VRG SA
WAR:VRG
|
$339.40 Million |
|
Yungshin Construction & Development Co Ltd
TWO:5508
|
$338.74 Million |
|
USANA Health Sciences Inc
NYSE:USNA
|
$338.50 Million |
|
Hiper Global Ltd
TA:HIPR
|
$338.36 Million |
|
Shanghai Aiyingshi Co Ltd
SHG:603214
|
$338.35 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 43,967,577 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 54,073,468.
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: 2.63x
- 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 10.56x to 2.63x 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¥2.87 | CN¥30.30 | x |
| 2017-12-31 | CN¥5.26 | CN¥30.30 | x |
| 2018-12-31 | CN¥5.66 | CN¥30.30 | x |
| 2019-12-31 | CN¥13.69 | CN¥30.30 | x |
| 2020-12-31 | CN¥11.64 | CN¥30.30 | x |
| 2021-12-31 | CN¥12.10 | CN¥30.30 | x |
| 2022-12-31 | CN¥11.75 | CN¥30.30 | x |
| 2023-12-31 | CN¥11.57 | CN¥30.30 | x |
| 2024-12-31 | CN¥11.51 | CN¥30.30 | 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 (5.93%), 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 | -0.85% | -3.85% | 0.14x | 1.56x | CN¥-99.90 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: $1,796,996,073
- Average return on equity (ROE) among peers: 11.51%
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 | $338.81 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $221.32 Million | 10.55% | 0.74x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $8.33 Billion | 2.22% | 2.03x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.26 Billion | -11.33% | 1.70x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.37 Billion | 5.91% | 2.61x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.51 Billion | 7.32% | 1.02x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $242.92 Million | 18.39% | 1.38x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $693.89 Million | 10.75% | 0.67x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $65.41 Million | 17.36% | 1.55x | $605.40 Million |
About 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