Micro Tech Nanjing Co Ltd (688029) - Net Assets
Based on the latest financial reports, Micro Tech Nanjing Co Ltd (688029) has net assets worth CN¥4.24 Billion CNY (≈ $621.00 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¥5.19 Billion ≈ $759.81 Million USD) and total liabilities (CN¥948.64 Million ≈ $138.82 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 Micro Tech Nanjing Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.24 Billion |
| % of Total Assets | 81.73% |
| Annual Growth Rate | 34.27% |
| 5-Year Change | 46.39% |
| 10-Year Change | 1198.98% |
| Growth Volatility | 69.3 |
Micro Tech Nanjing Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Micro Tech Nanjing Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Micro Tech Nanjing Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Micro Tech Nanjing Co Ltd (2006–2024)
The table below shows the annual net assets of Micro Tech Nanjing Co Ltd from 2006 to 2024. For live valuation and market cap data, see 688029 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.90 Billion ≈ $570.60 Million |
+6.25% |
| 2023-12-31 | CN¥3.67 Billion ≈ $537.06 Million |
+12.08% |
| 2022-12-31 | CN¥3.27 Billion ≈ $479.16 Million |
+9.50% |
| 2021-12-31 | CN¥2.99 Billion ≈ $437.58 Million |
+12.26% |
| 2020-12-31 | CN¥2.66 Billion ≈ $389.77 Million |
+5.36% |
| 2019-12-31 | CN¥2.53 Billion ≈ $369.94 Million |
+307.51% |
| 2018-12-31 | CN¥620.37 Million ≈ $90.78 Million |
+33.07% |
| 2017-12-31 | CN¥466.19 Million ≈ $68.22 Million |
+29.88% |
| 2016-12-31 | CN¥358.94 Million ≈ $52.52 Million |
+19.57% |
| 2015-12-31 | CN¥300.19 Million ≈ $43.93 Million |
+14.42% |
| 2014-12-31 | CN¥262.35 Million ≈ $38.39 Million |
+12.56% |
| 2013-12-31 | CN¥233.07 Million ≈ $34.11 Million |
+98.96% |
| 2011-12-31 | CN¥117.14 Million ≈ $17.14 Million |
+36.76% |
| 2010-12-31 | CN¥85.66 Million ≈ $12.53 Million |
+34.67% |
| 2009-12-31 | CN¥63.61 Million ≈ $9.31 Million |
+44.39% |
| 2008-12-31 | CN¥44.05 Million ≈ $6.45 Million |
+44.43% |
| 2007-12-31 | CN¥30.50 Million ≈ $4.46 Million |
+57.38% |
| 2006-12-31 | CN¥19.38 Million ≈ $2.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Micro Tech Nanjing 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 16677.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.66 Billion | 43.50% |
| Common Stock | CN¥187.85 Million | 4.91% |
| Other Comprehensive Income | CN¥302.92 Million | 7.92% |
| Other Components | CN¥1.67 Billion | 43.68% |
| Total Equity | CN¥3.83 Billion | 100.00% |
Micro Tech Nanjing Co Ltd Competitors by Market Cap
The table below lists competitors of Micro Tech Nanjing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Autohome Inc
NYSE:ATHM
|
$2.29 Billion |
|
Yankershop Food Co Ltd
SHE:002847
|
$2.29 Billion |
|
Foot Locker Inc
NYSE:FL
|
$2.29 Billion |
|
ARIS MNG.CORP.
F:ZP1
|
$2.30 Billion |
|
Figs Inc
NYSE:FIGS
|
$2.29 Billion |
|
Braze Inc
NASDAQ:BRZE
|
$2.29 Billion |
|
CJ Cheiljedang
KO:097950
|
$2.29 Billion |
|
Compagnie Financiere Tradition
SW:CFT
|
$2.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micro Tech Nanjing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,611,919,944 to 3,826,092,661, a change of 214,172,717 (5.9%).
- Net income of 553,226,641 contributed positively to equity growth.
- Dividend payments of 280,814,088 reduced retained earnings.
- Share repurchases of 60,013,409 reduced equity.
- Other comprehensive income increased equity by 296,675,614.
- Other factors decreased equity by 294,902,041.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥553.23 Million | +14.46% |
| Dividends Paid | CN¥280.81 Million | -7.34% |
| Share Repurchases | CN¥60.01 Million | -1.57% |
| Other Comprehensive Income | CN¥296.68 Million | +7.75% |
| Other Changes | CN¥-294.90 Million | -7.71% |
| Total Change | CN¥- | 5.93% |
Book Value vs Market Value Analysis
This analysis compares Micro Tech Nanjing 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: 4.09x
- 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 577.14x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.14 | CN¥83.40 | x |
| 2007-12-31 | CN¥0.23 | CN¥83.40 | x |
| 2008-12-31 | CN¥0.33 | CN¥83.40 | x |
| 2009-12-31 | CN¥0.48 | CN¥83.40 | x |
| 2010-12-31 | CN¥0.64 | CN¥83.40 | x |
| 2011-12-31 | CN¥0.88 | CN¥83.40 | x |
| 2013-12-31 | CN¥12.02 | CN¥83.40 | x |
| 2014-12-31 | CN¥3.75 | CN¥83.40 | x |
| 2015-12-31 | CN¥2.25 | CN¥83.40 | x |
| 2016-12-31 | CN¥2.52 | CN¥83.40 | x |
| 2017-12-31 | CN¥3.11 | CN¥83.40 | x |
| 2018-12-31 | CN¥4.14 | CN¥83.40 | x |
| 2019-12-31 | CN¥15.52 | CN¥83.40 | x |
| 2020-12-31 | CN¥13.99 | CN¥83.40 | x |
| 2021-12-31 | CN¥15.56 | CN¥83.40 | x |
| 2022-12-31 | CN¥17.07 | CN¥83.40 | x |
| 2023-12-31 | CN¥19.25 | CN¥83.40 | x |
| 2024-12-31 | CN¥20.40 | CN¥83.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micro Tech Nanjing 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): 14.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.08%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.25x
- Recent ROE (14.46%) is below the historical average (20.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 37.68% | 29.38% | 0.81x | 1.59x | CN¥5.35 Million |
| 2007 | 46.37% | 33.23% | 0.82x | 1.70x | CN¥11.07 Million |
| 2008 | 40.38% | 28.82% | 0.92x | 1.53x | CN¥13.38 Million |
| 2009 | 38.07% | 29.65% | 0.93x | 1.39x | CN¥17.85 Million |
| 2010 | 37.41% | 29.77% | 0.76x | 1.65x | CN¥23.48 Million |
| 2011 | 27.11% | 24.93% | 0.71x | 1.52x | CN¥20.04 Million |
| 2013 | 10.69% | 14.72% | 0.59x | 1.24x | CN¥1.60 Million |
| 2014 | 11.17% | 14.45% | 0.62x | 1.25x | CN¥3.06 Million |
| 2015 | 11.04% | 12.01% | 0.56x | 1.64x | CN¥2.95 Million |
| 2016 | -10.90% | -8.80% | 0.77x | 1.62x | CN¥-69.91 Million |
| 2017 | 23.22% | 15.79% | 0.89x | 1.65x | CN¥57.61 Million |
| 2018 | 33.24% | 20.90% | 0.95x | 1.67x | CN¥134.73 Million |
| 2019 | 12.27% | 23.22% | 0.45x | 1.16x | CN¥56.09 Million |
| 2020 | 9.99% | 19.66% | 0.43x | 1.19x | CN¥-334.57K |
| 2021 | 11.03% | 16.68% | 0.54x | 1.23x | CN¥30.42 Million |
| 2022 | 10.25% | 16.70% | 0.51x | 1.21x | CN¥8.09 Million |
| 2023 | 13.45% | 20.15% | 0.55x | 1.22x | CN¥124.73 Million |
| 2024 | 14.46% | 20.08% | 0.58x | 1.25x | CN¥170.62 Million |
Industry Comparison
This section compares Micro Tech Nanjing Co Ltd's net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $1,585,373,438
- Average return on equity (ROE) among peers: 5.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micro Tech Nanjing Co Ltd (688029) | CN¥4.24 Billion | 37.68% | 0.22x | $2.29 Billion |
| Beijing Centergate Technologies Holding Co Ltd (000931) | $1.79 Billion | 0.80% | 1.04x | $521.28 Million |
| Blue Sail Medical Co Ltd (002382) | $203.26 Million | 29.44% | 0.87x | $1.08 Billion |
| Andon Health Co Ltd (002432) | $1.54 Billion | 0.94% | 0.53x | $4.93 Billion |
| Allmed Medical Products Co Ltd Class A (002950) | $3.13 Billion | 12.99% | 0.84x | $1.34 Billion |
| Guangzhou Improve Med Instrument (300030) | $563.53 Million | 4.77% | 0.17x | $380.05 Million |
| QITIAN Technology Group Co Ltd (300061) | $1.16 Billion | -31.55% | 0.49x | $950.81 Million |
| Shanghai Tofflon Science Tech (300171) | $3.12 Billion | 2.26% | 0.50x | $1.47 Billion |
| Truking Technology Ltd (300358) | $2.32 Billion | 6.92% | 0.71x | $1.03 Billion |
| Jiangxi Sanxin Medtec Co Ltd (300453) | $1.33 Billion | 15.49% | 0.52x | $782.31 Million |
| Shenyang Xingqi Pharmaceutical Co Ltd (300573) | $694.06 Million | 12.68% | 0.39x | $2.51 Billion |
About Micro Tech Nanjing Co Ltd
Micro-Tech (Nanjing) Co.,Ltd, together with its subsidiaries, engages in the research, development, manufacturing, and sale of invasive medical devices in China and internationally. The company offers digestive endoscopy products, including ESD, such as electric flushing device, harmony/GT gold clip, gold/titanium knife, pull clamp, three-arm clap, hemostatic titanium forceps, injection needle, v… Read more