MayAir Technology (China) Co. Ltd. A (688376) - Net Assets
Based on the latest financial reports, MayAir Technology (China) Co. Ltd. A (688376) has net assets worth CN¥2.11 Billion CNY (≈ $309.24 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.08 Billion ≈ $597.46 Million USD) and total liabilities (CN¥1.97 Billion ≈ $288.22 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. Also explore 688376 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.11 Billion |
| % of Total Assets | 51.76% |
| Annual Growth Rate | 42.28% |
| 5-Year Change | 346.65% |
| 10-Year Change | N/A |
| Growth Volatility | 81.13 |
MayAir Technology (China) Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how MayAir Technology (China) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Check 688376 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for MayAir Technology (China) Co. Ltd. A (2020–2025)
The table below shows the annual net assets of MayAir Technology (China) Co. Ltd. A from 2020 to 2025. For live valuation and market cap data, see 688376 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.08 Billion ≈ $303.64 Million |
+15.02% |
| 2024-12-31 | CN¥1.80 Billion ≈ $263.99 Million |
+9.95% |
| 2023-12-31 | CN¥1.64 Billion ≈ $240.09 Million |
+10.86% |
| 2022-12-31 | CN¥1.48 Billion ≈ $216.57 Million |
+218.56% |
| 2021-12-31 | CN¥464.58 Million ≈ $67.98 Million |
+30.51% |
| 2020-12-31 | CN¥355.98 Million ≈ $52.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to MayAir Technology (China) 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 849.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥645.26 Million | 33.51% |
| Other Components | CN¥1.28 Billion | 66.49% |
| Total Equity | CN¥1.93 Billion | 100.00% |
MayAir Technology (China) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of MayAir Technology (China) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jaiprakash Power Ventures Limited
NSE:JPPOWER
|
$1.36 Billion |
|
TianJin 712 Communication & Broadcasting Co Ltd
SHG:603712
|
$1.36 Billion |
|
BlueNord ASA
OL:BNOR
|
$1.36 Billion |
|
Bingo Software Co Ltd
SHG:688227
|
$1.36 Billion |
|
Inner Mongolia Lantai Industrial Co Ltd
SHG:600328
|
$1.36 Billion |
|
Jilin Chemical Fibre Co Ltd
SHE:000420
|
$1.36 Billion |
|
Nuvoco Vistas Corporation Limited
NSE:NUVOCO
|
$1.36 Billion |
|
IMMUNOCORE HLDGS ADS/1
F:6YG
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MayAir Technology (China) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,792,424,024 to 1,925,529,738, a change of 133,105,714 (7.4%).
- Net income of 121,093,873 contributed positively to equity growth.
- Dividend payments of 52,324,346 reduced retained earnings.
- Other factors increased equity by 64,336,186.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥121.09 Million | +6.29% |
| Dividends Paid | CN¥52.32 Million | -2.72% |
| Other Changes | CN¥64.34 Million | +3.34% |
| Total Change | CN¥- | 7.43% |
Book Value vs Market Value Analysis
This analysis compares MayAir Technology (China) 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: 4.83x
- 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 19.60x to 4.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥3.51 | CN¥68.74 | x |
| 2021-12-31 | CN¥4.58 | CN¥68.74 | x |
| 2022-12-31 | CN¥10.98 | CN¥68.74 | x |
| 2023-12-31 | CN¥12.15 | CN¥68.74 | x |
| 2024-12-31 | CN¥13.34 | CN¥68.74 | x |
| 2025-12-31 | CN¥14.24 | CN¥68.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MayAir Technology (China) 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): 6.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.28%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.13x
- Recent ROE (6.29%) is below the historical average (13.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 23.40% | 9.16% | 0.78x | 3.28x | CN¥47.37 Million |
| 2021 | 23.44% | 9.41% | 0.91x | 2.74x | CN¥62.06 Million |
| 2022 | 8.34% | 10.03% | 0.48x | 1.72x | CN¥-24.45 Million |
| 2023 | 10.60% | 11.51% | 0.50x | 1.83x | CN¥9.88 Million |
| 2024 | 10.71% | 11.14% | 0.47x | 2.06x | CN¥12.75 Million |
| 2025 | 6.29% | 6.28% | 0.47x | 2.13x | CN¥-71.46 Million |
Industry Comparison
This section compares MayAir Technology (China) Co. Ltd. A's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $997,734,807
- Average return on equity (ROE) among peers: -0.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MayAir Technology (China) Co. Ltd. A (688376) | CN¥2.11 Billion | 23.40% | 0.93x | $1.36 Billion |
| Central Plains Environment Protection Co Ltd (000544) | $333.19 Million | 0.92% | 0.54x | $1.05 Billion |
| Shenwu Energy Saving Co Ltd (000820) | $-677.37 Million | 0.00% | 0.00x | $355.74 Million |
| Hebei Sailhero Environmental (300137) | $2.10 Billion | 12.51% | 0.21x | $946.94 Million |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $716.66 Million | -66.38% | 1.87x | $159.59 Million |
| Nanjing CEC Environmental Protect (300172) | $878.73 Million | 7.86% | 0.39x | $442.64 Million |
| Shanghai Canature Environmental (300272) | $893.93 Million | 8.50% | 0.42x | $502.86 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $819.63 Million | 5.74% | 0.18x | $7.24 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $2.55 Billion | 3.46% | 0.84x | $395.33 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $1.79 Billion | 9.79% | 1.10x | $506.84 Million |
| ShenZhen GAD Environmental Technology Co. Ltd. (300854) | $569.06 Million | 14.08% | 0.89x | $354.86 Million |
About MayAir Technology (China) Co. Ltd. A
MayAir Technology (China) Co., Ltd. engages in the research and development, production, and sale of medical air purification equipment and atmospheric environment treatment products in China. The company's products include fan filter units; media, chemical, functional, electrostatic, and cartridge filters; and bio-safety sterile purification equipment, home and commercial air purifiers, medical … Read more