GuangDong Leary New Material Technology Co. Ltd. A (688683) - Net Assets
Based on the latest financial reports, GuangDong Leary New Material Technology Co. Ltd. A (688683) has net assets worth CN¥1.14 Billion CNY (≈ $166.80 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¥1.79 Billion ≈ $262.30 Million USD) and total liabilities (CN¥652.65 Million ≈ $95.50 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 688683 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.14 Billion |
| % of Total Assets | 63.59% |
| Annual Growth Rate | 26.6% |
| 5-Year Change | 117.45% |
| 10-Year Change | N/A |
| Growth Volatility | 23.01 |
GuangDong Leary New Material Technology Co. Ltd. A - Net Assets Trend (2017–2024)
This chart illustrates how GuangDong Leary New Material Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore 688683 asset base for the complete picture of this company's asset base.
Annual Net Assets for GuangDong Leary New Material Technology Co. Ltd. A (2017–2024)
The table below shows the annual net assets of GuangDong Leary New Material Technology Co. Ltd. A from 2017 to 2024. For live valuation and market cap data, see 688683 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.08 Billion ≈ $157.83 Million |
+2.47% |
| 2023-12-31 | CN¥1.05 Billion ≈ $154.03 Million |
+4.23% |
| 2022-12-31 | CN¥1.01 Billion ≈ $147.78 Million |
+20.86% |
| 2021-12-31 | CN¥835.56 Million ≈ $122.27 Million |
+68.46% |
| 2020-12-31 | CN¥496.00 Million ≈ $72.58 Million |
+14.63% |
| 2019-12-31 | CN¥432.69 Million ≈ $63.32 Million |
+50.41% |
| 2018-12-31 | CN¥287.67 Million ≈ $42.09 Million |
+39.06% |
| 2017-12-31 | CN¥206.86 Million ≈ $30.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GuangDong Leary New Material Technology 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 511.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥289.29 Million | 28.84% |
| Common Stock | CN¥155.18 Million | 15.47% |
| Other Components | CN¥558.55 Million | 55.69% |
| Total Equity | CN¥1.00 Billion | 100.00% |
GuangDong Leary New Material Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of GuangDong Leary New Material Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electra Real Estate Ltd
TA:ELCRE
|
$1.05 Billion |
|
Trican Well Service Ltd.
TO:TCW
|
$1.05 Billion |
|
L&C Bio Co. Ltd
KQ:290650
|
$1.05 Billion |
|
KPC Pharmaceuticals Inc
SHG:600422
|
$1.05 Billion |
|
Goldman Sachs BDC Inc
NYSE:GSBD
|
$1.05 Billion |
|
Zhejiang Tianyu Pharmaceutical Co Ltd
SHE:300702
|
$1.05 Billion |
|
Avino Silver & Gold Mines Ltd
TO:ASM
|
$1.05 Billion |
|
Zhejiang Yongjin Metal Technology Co Ltd
SHG:603995
|
$1.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GuangDong Leary New Material Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,005,704,288 to 1,003,015,805, a change of -2,688,483 (-0.3%).
- Net income of 37,356,317 contributed positively to equity growth.
- Dividend payments of 11,904,652 reduced retained earnings.
- Other factors decreased equity by 28,140,148.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥37.36 Million | +3.72% |
| Dividends Paid | CN¥11.90 Million | -1.19% |
| Other Changes | CN¥-28.14 Million | -2.81% |
| Total Change | CN¥- | -0.27% |
Book Value vs Market Value Analysis
This analysis compares GuangDong Leary New Material Technology 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: 6.85x
- 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 20.55x to 6.85x 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¥2.17 | CN¥44.68 | x |
| 2018-12-31 | CN¥2.87 | CN¥44.68 | x |
| 2019-12-31 | CN¥2.91 | CN¥44.68 | x |
| 2020-12-31 | CN¥4.47 | CN¥44.68 | x |
| 2021-12-31 | CN¥5.62 | CN¥44.68 | x |
| 2022-12-31 | CN¥6.48 | CN¥44.68 | x |
| 2023-12-31 | CN¥6.53 | CN¥44.68 | x |
| 2024-12-31 | CN¥6.53 | CN¥44.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GuangDong Leary New Material Technology 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): 3.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.11%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.45x
- Recent ROE (3.72%) is below the historical average (11.07%), 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 | 22.53% | 12.72% | 1.24x | 1.43x | CN¥25.93 Million |
| 2018 | 19.51% | 14.55% | 1.01x | 1.33x | CN¥27.35 Million |
| 2019 | 14.10% | 16.02% | 0.76x | 1.16x | CN¥17.76 Million |
| 2020 | 12.76% | 15.79% | 0.67x | 1.20x | CN¥13.71 Million |
| 2021 | 8.11% | 14.89% | 0.47x | 1.16x | CN¥-15.81 Million |
| 2022 | 4.94% | 10.02% | 0.42x | 1.18x | CN¥-48.83 Million |
| 2023 | 2.91% | 6.68% | 0.37x | 1.17x | CN¥-71.32 Million |
| 2024 | 3.72% | 7.11% | 0.36x | 1.45x | CN¥-62.95 Million |
Industry Comparison
This section compares GuangDong Leary New Material Technology Co. Ltd. A's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,769,045,563
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GuangDong Leary New Material Technology Co. Ltd. A (688683) | CN¥1.14 Billion | 22.53% | 0.57x | $1.05 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.37 Billion | 0.00% | 0.79x | $1.28 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.46 Billion | 0.78% | 1.16x | $4.82 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $506.50 Million | 16.41% | 1.45x | $12.92 Billion |
| Zangge Holding Co Ltd (000408) | $304.26 Million | 8.29% | 1.38x | $20.72 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.46 Billion | 0.89% | 0.57x | $1.47 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $269.12 Million | 8.73% | 0.27x | $438.99 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $728.86 Million | 0.46% | 0.67x | $855.32 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $934.64 Million | 13.67% | 2.94x | $472.35 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $1.03 Billion | 8.78% | 0.45x | $362.87 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $19.62 Billion | 9.23% | 0.83x | $4.87 Billion |
About GuangDong Leary New Material Technology Co. Ltd. A
GuangDong Leary New Material Technology Co.,Ltd. engages in the provision of functional materials and its application products in China. The company offers functional film materials, such as melt adhesive film, pressure sensitive adhesive film, and decorative film materials; and functional film material application products, including FFC and LED flexible circuit boards. It also provides new ener… Read more