Anhui Estone Materials Technology Co Ltd (688733) - Net Assets
Based on the latest financial reports, Anhui Estone Materials Technology Co Ltd (688733) has net assets worth CN¥2.18 Billion CNY (≈ $318.66 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¥3.46 Billion ≈ $506.91 Million USD) and total liabilities (CN¥1.29 Billion ≈ $188.25 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 688733 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.18 Billion |
| % of Total Assets | 62.86% |
| Annual Growth Rate | 40.08% |
| 5-Year Change | 356.8% |
| 10-Year Change | 3100.52% |
| Growth Volatility | 58.05 |
Anhui Estone Materials Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Anhui Estone Materials Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Anhui Estone Materials Technology Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Anhui Estone Materials Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Anhui Estone Materials Technology Co Ltd from 2013 to 2024. For live valuation and market cap data, see Anhui Estone Materials Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.21 Billion ≈ $323.76 Million |
-1.10% |
| 2023-12-31 | CN¥2.24 Billion ≈ $327.37 Million |
-0.94% |
| 2022-12-31 | CN¥2.26 Billion ≈ $330.47 Million |
+84.28% |
| 2021-12-31 | CN¥1.23 Billion ≈ $179.33 Million |
+153.02% |
| 2020-12-31 | CN¥484.35 Million ≈ $70.88 Million |
+8.12% |
| 2019-12-31 | CN¥447.99 Million ≈ $65.56 Million |
+163.97% |
| 2018-12-31 | CN¥169.71 Million ≈ $24.83 Million |
+64.45% |
| 2017-12-31 | CN¥103.20 Million ≈ $15.10 Million |
+12.64% |
| 2016-12-31 | CN¥91.62 Million ≈ $13.41 Million |
+32.54% |
| 2015-12-31 | CN¥69.13 Million ≈ $10.12 Million |
+37.03% |
| 2014-12-31 | CN¥50.45 Million ≈ $7.38 Million |
-7.03% |
| 2013-12-31 | CN¥54.27 Million ≈ $7.94 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Anhui Estone Materials Technology 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 3846.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥254.54 Million | 11.56% |
| Common Stock | CN¥199.78 Million | 9.07% |
| Other Comprehensive Income | CN¥66.34 Million | 3.01% |
| Other Components | CN¥1.68 Billion | 76.36% |
| Total Equity | CN¥2.20 Billion | 100.00% |
Anhui Estone Materials Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Estone Materials Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laobaixing Pharmacy
SHG:603883
|
$1.31 Billion |
|
Sk Gas
KO:018670
|
$1.31 Billion |
|
Labrador Iron Ore Royalty Corp
TO:LIF
|
$1.31 Billion |
|
Centuria Capital Group
AU:CNI
|
$1.31 Billion |
|
OC OERL.CORP ADR 2 SF 1
F:OBH0
|
$1.31 Billion |
|
Shanghai SMI Holding Co Ltd
SHG:600649
|
$1.31 Billion |
|
Dampskibsselskabet Norden AS
CO:DNORD
|
$1.31 Billion |
|
Grupo Aeroméxico S.A.B. de C.V
MX:AEROMEX
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Estone Materials Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,237,196,107 to 2,202,205,824, a change of -34,990,283 (-1.6%).
- Net income of 12,004,000 contributed positively to equity growth.
- Dividend payments of 33,364,428 reduced retained earnings.
- Share repurchases of 5,039,742 reduced equity.
- Other comprehensive income decreased equity by 35,701,158.
- Other factors increased equity by 27,111,045.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥12.00 Million | +0.55% |
| Dividends Paid | CN¥33.36 Million | -1.52% |
| Share Repurchases | CN¥5.04 Million | -0.23% |
| Other Comprehensive Income | CN¥-35.70 Million | -1.62% |
| Other Changes | CN¥27.11 Million | +1.23% |
| Total Change | CN¥- | -1.56% |
Book Value vs Market Value Analysis
This analysis compares Anhui Estone Materials Technology 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: 4.04x
- 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 33.62x to 4.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.34 | CN¥44.90 | x |
| 2014-12-31 | CN¥1.28 | CN¥44.90 | x |
| 2015-12-31 | CN¥2.07 | CN¥44.90 | x |
| 2016-12-31 | CN¥1.45 | CN¥44.90 | x |
| 2017-12-31 | CN¥1.55 | CN¥44.90 | x |
| 2018-12-31 | CN¥1.61 | CN¥44.90 | x |
| 2019-12-31 | CN¥2.46 | CN¥44.90 | x |
| 2020-12-31 | CN¥3.54 | CN¥44.90 | x |
| 2021-12-31 | CN¥6.73 | CN¥44.90 | x |
| 2022-12-31 | CN¥12.15 | CN¥44.90 | x |
| 2023-12-31 | CN¥10.95 | CN¥44.90 | x |
| 2024-12-31 | CN¥11.12 | CN¥44.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Estone Materials Technology 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): 0.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.38%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.46x
- Recent ROE (0.55%) is below the historical average (4.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -0.98% | -2.85% | 0.13x | 2.57x | CN¥-5.79 Million |
| 2014 | -3.91% | -9.55% | 0.17x | 2.43x | CN¥-7.02 Million |
| 2015 | 0.19% | 0.42% | 0.24x | 1.95x | CN¥-6.78 Million |
| 2016 | 2.75% | 4.55% | 0.33x | 1.85x | CN¥-6.64 Million |
| 2017 | 7.11% | 9.73% | 0.38x | 1.91x | CN¥-2.98 Million |
| 2018 | 12.45% | 18.00% | 0.42x | 1.66x | CN¥4.09 Million |
| 2019 | 9.89% | 26.83% | 0.30x | 1.23x | CN¥-503.99K |
| 2020 | 9.31% | 23.45% | 0.33x | 1.19x | CN¥-3.35 Million |
| 2021 | 8.83% | 25.60% | 0.30x | 1.16x | CN¥-14.34 Million |
| 2022 | 6.50% | 24.36% | 0.20x | 1.32x | CN¥-78.94 Million |
| 2023 | 1.10% | 5.28% | 0.16x | 1.33x | CN¥-199.20 Million |
| 2024 | 0.55% | 2.38% | 0.16x | 1.46x | CN¥-208.22 Million |
Industry Comparison
This section compares Anhui Estone Materials Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Estone Materials Technology Co Ltd (688733) | CN¥2.18 Billion | -0.98% | 0.59x | $1.31 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About Anhui Estone Materials Technology Co Ltd
Anhui Estone Materials Technology Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of advanced inorganic non-metallic composites in China and internationally. The company offers lithium battery cell electrode and battery cell diaphragm coating materials; electronic communication functional filling materials, such as chip packaging, 5G high-freque… Read more