OKE Precision Cutting Tools Co. Ltd. A
OKE Precision Cutting Tools Co., Ltd. engages in the research, development, production, and sale of CNC tool and cemented carbide products. The company offers CNC blades, solid carbide tools, carbide saw blades, serrated blades, solid carbide tools, disc milling cutters, and other cemented carbide cutting tools. The company was founded in 1996 and is headquartered in Zhuzhou, China.
OKE Precision Cutting Tools Co. Ltd. A (688308) - Net Assets
Latest net assets as of September 2025: CN¥2.58 Billion CNY
Based on the latest financial reports, OKE Precision Cutting Tools Co. Ltd. A (688308) has net assets worth CN¥2.58 Billion 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¥3.84 Billion) and total liabilities (CN¥1.26 Billion). 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¥2.58 Billion |
| % of Total Assets | 67.17% |
| Annual Growth Rate | 24.99% |
| 5-Year Change | 95.11% |
| 10-Year Change | N/A |
| Growth Volatility | 33.01 |
OKE Precision Cutting Tools Co. Ltd. A - Net Assets Trend (2017–2024)
This chart illustrates how OKE Precision Cutting Tools Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for OKE Precision Cutting Tools Co. Ltd. A (2017–2024)
The table below shows the annual net assets of OKE Precision Cutting Tools Co. Ltd. A from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.55 Billion | -0.50% |
| 2023-12-31 | CN¥2.56 Billion | +3.88% |
| 2022-12-31 | CN¥2.47 Billion | +65.11% |
| 2021-12-31 | CN¥1.49 Billion | +14.32% |
| 2020-12-31 | CN¥1.31 Billion | +92.76% |
| 2019-12-31 | CN¥678.17 Million | +13.70% |
| 2018-12-31 | CN¥596.48 Million | +11.45% |
| 2017-12-31 | CN¥535.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to OKE Precision Cutting Tools Co. Ltd. A'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 1823.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥646.69 Million | 25.38% |
| Common Stock | CN¥158.78 Million | 6.23% |
| Other Comprehensive Income | CN¥1.19 Million | 0.05% |
| Other Components | CN¥1.74 Billion | 68.34% |
| Total Equity | CN¥2.55 Billion | 100.00% |
OKE Precision Cutting Tools Co. Ltd. A Competitors by Market Cap
The table below lists competitors of OKE Precision Cutting Tools Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Navigator Co. S/A
LSE:0KLO
|
$717.61 Million |
|
QI7
F:QI7
|
$717.83 Million |
|
Premier Investments Ltd
AU:PMV
|
$717.92 Million |
|
Zen Technologies Limited
NSE:ZENTEC
|
$718.01 Million |
|
Fu Shou Yuan International Group Limited
PINK:FSHUF
|
$717.28 Million |
|
Netweb Technologies India Limited
NSE:NETWEB
|
$717.20 Million |
|
Hefei Meiya Optoelectronic Technology Inc
SHE:002690
|
$716.85 Million |
|
Yixin Group Limited
F:1YX
|
$716.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in OKE Precision Cutting Tools Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,563,390,681 to 2,548,169,494, a change of -15,221,187 (-0.6%).
- Net income of 57,302,404 contributed positively to equity growth.
- Dividend payments of 74,683,356 reduced retained earnings.
- Share repurchases of 18,202,168 reduced equity.
- Other comprehensive income increased equity by 913,443.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥57.30 Million | +2.25% |
| Dividends Paid | CN¥74.68 Million | -2.93% |
| Share Repurchases | CN¥18.20 Million | -0.71% |
| Other Comprehensive Income | CN¥913.44K | +0.04% |
| Other Changes | CN¥19.45 Million | +0.76% |
| Total Change | CN¥- | -0.59% |
Book Value vs Market Value Analysis
This analysis compares OKE Precision Cutting Tools Co. Ltd. A'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: 5.83x
- 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 14.92x to 5.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥6.26 | CN¥93.38 | x |
| 2018-12-31 | CN¥5.65 | CN¥93.38 | x |
| 2019-12-31 | CN¥8.98 | CN¥93.38 | x |
| 2020-12-31 | CN¥13.04 | CN¥93.38 | x |
| 2021-12-31 | CN¥15.05 | CN¥93.38 | x |
| 2022-12-31 | CN¥17.47 | CN¥93.38 | x |
| 2023-12-31 | CN¥16.21 | CN¥93.38 | x |
| 2024-12-31 | CN¥16.01 | CN¥93.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently OKE Precision Cutting Tools Co. Ltd. A 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): 2.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.08%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.55x
- Recent ROE (2.25%) is below the historical average (9.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 8.33% | 10.40% | 0.63x | 1.27x | CN¥-8.94 Million |
| 2018 | 11.25% | 11.49% | 0.62x | 1.59x | CN¥7.45 Million |
| 2019 | 13.04% | 14.67% | 0.60x | 1.49x | CN¥20.62 Million |
| 2020 | 8.22% | 15.30% | 0.43x | 1.24x | CN¥-23.28 Million |
| 2021 | 14.87% | 22.44% | 0.51x | 1.29x | CN¥72.77 Million |
| 2022 | 9.81% | 22.94% | 0.33x | 1.29x | CN¥-4.67 Million |
| 2023 | 6.48% | 16.17% | 0.26x | 1.51x | CN¥-90.34 Million |
| 2024 | 2.25% | 5.08% | 0.28x | 1.55x | CN¥-197.51 Million |
Industry Comparison
This section compares OKE Precision Cutting Tools Co. Ltd. A's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,647,842,907
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| OKE Precision Cutting Tools Co. Ltd. A (688308) | CN¥2.58 Billion | 8.33% | 0.49x | $717.38 Million |
| Shandong Tengda Fasten Tech (001379) | $1.46 Billion | 5.24% | 0.48x | $185.77 Million |
| Bosun Tools Co Ltd (002282) | $213.66 Million | 25.32% | 0.75x | $216.27 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $386.64 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.31 Billion | 0.60% | 0.21x | $318.26 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $3.97 Billion | 12.23% | 0.37x | $2.93 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $427.79 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $357.28 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $610.40 Million | 8.30% | 0.14x | $432.29 Million |
| Wafangdian Bearing Co Ltd (200706) | $931.76 Million | 11.83% | 0.98x | $24.70 Million |
| Beijing Dinghan Tech Co (300011) | $1.96 Billion | 2.18% | 0.85x | $428.69 Million |