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¥887.13 Million CNY (≈ $129.82 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.17 Billion ≈ $171.10 Million USD) and total liabilities (CN¥282.12 Million ≈ $41.28 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 Aofu Environmental Technology Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥887.13 Million |
| % of Total Assets | 75.87% |
| Annual Growth Rate | 21.47% |
| 5-Year Change | -8.02% |
| 10-Year Change | N/A |
| Growth Volatility | 52.78 |
Aofu Environmental Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Aofu Environmental Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688021 market cap overview.
Annual Net Assets for Aofu Environmental Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Aofu Environmental Technology Co Ltd from 2016 to 2025. Also explore Aofu Environmental Technology Co Ltd (688021) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥877.37 Million ≈ $128.39 Million |
+1.62% |
| 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 15547925554.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥150.60 Million | 17.26% |
| Other Components | CN¥721.85 Million | 82.74% |
| Total Equity | CN¥872.45 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 |
|---|---|
|
Dongkuk Steel Mill Co Ltd
KO:001230
|
$223.94 Million |
|
Tong Ming Enterprise Co Ltd
TW:5538
|
$224.08 Million |
|
Grupo Aeroméxico, S.A.B. de C.V.
NYSE:AERO
|
$224.14 Million |
|
Silicon Valley Acquisition Corp. Class A Ordinary Shares
NASDAQ:SVAQ
|
$224.21 Million |
|
Altin Yunus Cesme Turistik Tesisler AS
IS:AYCES
|
$223.83 Million |
|
SharonAI Holdings, Inc. Class A Common Stock
NASDAQ:SHAZ
|
$223.83 Million |
|
Wooriro Co. Ltd
KQ:046970
|
$223.82 Million |
|
Goliath Resources Ltd
V:GOT
|
$223.64 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 2024 to 2025, total equity changed from 857,739,134 to 872,448,694, a change of 14,709,560 (1.7%).
- Net income of 14,032,600 contributed positively to equity growth.
- Dividend payments of 6,224,770 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥14.03 Million | +1.61% |
| Dividends Paid | CN¥6.22 Million | -0.71% |
| Other Changes | CN¥6.90 Million | +0.79% |
| Total Change | CN¥- | 1.71% |
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: 1.79x
- 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 6.98x to 1.79x 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¥20.02 | x |
| 2017-12-31 | CN¥5.26 | CN¥20.02 | x |
| 2018-12-31 | CN¥5.66 | CN¥20.02 | x |
| 2019-12-31 | CN¥13.69 | CN¥20.02 | x |
| 2020-12-31 | CN¥11.64 | CN¥20.02 | x |
| 2021-12-31 | CN¥12.10 | CN¥20.02 | x |
| 2022-12-31 | CN¥11.75 | CN¥20.02 | x |
| 2023-12-31 | CN¥11.57 | CN¥20.02 | x |
| 2024-12-31 | CN¥11.51 | CN¥20.02 | x |
| 2025-12-31 | CN¥11.19 | CN¥20.02 | 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): 1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.02%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.33x
- Recent ROE (1.61%) is below the historical average (5.50%), 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 |
| 2025 | 1.61% | 4.02% | 0.30x | 1.33x | CN¥-73.21 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: $1,387,505,556
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aofu Environmental Technology Co Ltd (688021) | CN¥887.13 Million | 4.02% | 0.32x | $223.86 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $665.79 Million | 5.30% | 1.14x | $430.81 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $10.11 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $552.98 Million | 12.21% | 1.11x | $830.87 Million |
| Luxi Chemical Group Co Ltd (000830) | $910.26 Million | 5.22% | 1.06x | $3.32 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $996.00 Million | 10.15% | 2.50x | $8.48 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.25 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.94 Billion | 12.08% | 1.20x | $1.47 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $826.84 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.88 Billion | 8.19% | 0.59x | $1.85 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.15 Billion | 3.53% | 2.08x | $497.78 Million |
About Aofu Environmental Technology Co Ltd
Aofu Environmental Technology Co.,Ltd. engages in the research and application of cellular ceramic technology in China and internationally. It 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. The company also provides honeyco… Read more