Shenzhen Rayitek Hi-Tech Film Co. Ltd. A
Rayitek Hi-Tech Film Company Ltd., Shenzhen engages in the research and development, manufacture, service, and sale of PI films in China. It offers thermal control PI films, electronic PI films, electrical PI films, functional PI films, etc. for use in flexible circuit boards, consumer electronics, high-speed rail transportation, wind power generation, 5G communication, flexible display, aerospac… Read more
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A (688323) - Net Assets
Latest net assets as of September 2025: CN¥757.08 Million CNY
Based on the latest financial reports, Shenzhen Rayitek Hi-Tech Film Co. Ltd. A (688323) has net assets worth CN¥757.08 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¥2.55 Billion) and total liabilities (CN¥1.79 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¥757.08 Million |
| % of Total Assets | 29.73% |
| Annual Growth Rate | 20.41% |
| 5-Year Change | 55.22% |
| 10-Year Change | N/A |
| Growth Volatility | 34.82 |
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A - Net Assets Trend (2017–2024)
This chart illustrates how Shenzhen Rayitek Hi-Tech Film 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 Shenzhen Rayitek Hi-Tech Film Co. Ltd. A (2017–2024)
The table below shows the annual net assets of Shenzhen Rayitek Hi-Tech Film Co. Ltd. A from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥943.12 Million | -5.63% |
| 2023-12-31 | CN¥999.36 Million | -3.12% |
| 2022-12-31 | CN¥1.03 Billion | +16.96% |
| 2021-12-31 | CN¥881.97 Million | +45.16% |
| 2020-12-31 | CN¥607.60 Million | +10.59% |
| 2019-12-31 | CN¥549.40 Million | +6.52% |
| 2018-12-31 | CN¥515.78 Million | +100.78% |
| 2017-12-31 | CN¥256.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Rayitek Hi-Tech Film 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 11612635471.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥75.27 Million | 7.98% |
| Common Stock | CN¥180.00 Million | 19.09% |
| Other Comprehensive Income | CN¥144.55 Million | 15.33% |
| Other Components | CN¥543.30 Million | 57.61% |
| Total Equity | CN¥943.12 Million | 100.00% |
Shenzhen Rayitek Hi-Tech Film Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Shenzhen Rayitek Hi-Tech Film Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solid Biosciences LLC
NASDAQ:SLDB
|
$310.51 Million |
|
Flagship Communities Real Estate Investment Trust
PINK:MHCUF
|
$310.53 Million |
|
Shaanxi Jinye Science Technology and Education Group Co Ltd
SHE:000812
|
$310.62 Million |
|
Jiangsu Tongxingbao Intelligent Transportation Technology Co. Ltd. A
SHE:301339
|
$310.67 Million |
|
Cembre S.p.A. Ord
LSE:0DXU
|
$310.46 Million |
|
Allgens Medical Technology Co. Ltd. A
SHG:688613
|
$310.34 Million |
|
Luenmei Quantum Co Ltd
SHG:600167
|
$310.32 Million |
|
secunet Security Networks Aktiengesellschaft
F:YSN
|
$310.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Rayitek Hi-Tech Film Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 999,364,018 to 943,121,144, a change of -56,242,874 (-5.6%).
- Net loss of 57,274,907 reduced equity.
- Dividend payments of 35,017,692 reduced retained earnings.
- Other comprehensive income increased equity by 1,030,963.
- Other factors increased equity by 35,018,762.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-57.27 Million | -6.07% |
| Dividends Paid | CN¥35.02 Million | -3.71% |
| Other Comprehensive Income | CN¥1.03 Million | +0.11% |
| Other Changes | CN¥35.02 Million | +3.71% |
| Total Change | CN¥- | -5.63% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Rayitek Hi-Tech Film 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: 4.31x
- 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 8.66x to 4.31x 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¥2.61 | CN¥22.58 | x |
| 2018-12-31 | CN¥4.79 | CN¥22.58 | x |
| 2019-12-31 | CN¥3.06 | CN¥22.58 | x |
| 2020-12-31 | CN¥3.38 | CN¥22.58 | x |
| 2021-12-31 | CN¥4.90 | CN¥22.58 | x |
| 2022-12-31 | CN¥5.73 | CN¥22.58 | x |
| 2023-12-31 | CN¥5.61 | CN¥22.58 | x |
| 2024-12-31 | CN¥5.24 | CN¥22.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Rayitek Hi-Tech Film 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): -6.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.89%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 2.72x
- Recent ROE (-6.07%) is below the historical average (3.61%), 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 | 3.83% | 8.14% | 0.19x | 2.45x | CN¥-15.84 Million |
| 2018 | 7.10% | 16.64% | 0.24x | 1.79x | CN¥-14.96 Million |
| 2019 | 6.23% | 14.75% | 0.24x | 1.75x | CN¥-20.73 Million |
| 2020 | 9.63% | 16.72% | 0.30x | 1.91x | CN¥-2.22 Million |
| 2021 | 6.36% | 17.58% | 0.18x | 1.98x | CN¥-32.15 Million |
| 2022 | 3.77% | 12.88% | 0.13x | 2.25x | CN¥-64.28 Million |
| 2023 | -1.96% | -7.10% | 0.11x | 2.45x | CN¥-119.54 Million |
| 2024 | -6.07% | -16.89% | 0.13x | 2.72x | CN¥-151.59 Million |
Industry Comparison
This section compares Shenzhen Rayitek Hi-Tech Film Co. Ltd. A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Rayitek Hi-Tech Film Co. Ltd. A (688323) | CN¥757.08 Million | 3.83% | 2.36x | $310.50 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |