Lao Feng Xiang Co Ltd B (900905) - Net Assets
Based on the latest financial reports, Lao Feng Xiang Co Ltd B (900905) has net assets worth $15.04 Billion USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($23.92 Billion) and total liabilities ($8.88 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. Check 900905 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $15.04 Billion |
| % of Total Assets | 62.89% |
| Annual Growth Rate | 11.75% |
| 5-Year Change | 56.67% |
| 10-Year Change | N/A |
| Growth Volatility | 2.33 |
Lao Feng Xiang Co Ltd B - Net Assets Trend (2015–2024)
This chart illustrates how Lao Feng Xiang Co Ltd B's net assets have evolved over time, based on quarterly financial data. Also explore 900905 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Lao Feng Xiang Co Ltd B (2015–2024)
The table below shows the annual net assets of Lao Feng Xiang Co Ltd B from 2015 to 2024. For live valuation and market cap data, see Lao Feng Xiang Co Ltd B stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $14.75 Billion | +7.39% |
| 2023-12-31 | $13.74 Billion | +14.64% |
| 2022-12-31 | $11.98 Billion | +10.34% |
| 2021-12-31 | $10.86 Billion | +15.34% |
| 2020-12-31 | $9.41 Billion | +12.87% |
| 2019-12-31 | $8.34 Billion | +12.95% |
| 2018-12-31 | $7.38 Billion | +9.99% |
| 2017-12-31 | $6.71 Billion | +11.45% |
| 2016-12-31 | $6.02 Billion | +11.01% |
| 2015-12-31 | $5.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Lao Feng Xiang Co Ltd B'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 235.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $11.18 Billion | 89.48% |
| Other Components | $1.32 Billion | 10.52% |
| Total Equity | $12.50 Billion | 100.00% |
Lao Feng Xiang Co Ltd B Competitors by Market Cap
The table below lists competitors of Lao Feng Xiang Co Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HANA Micron Inc
KQ:067310
|
$664.53 Million |
|
AmRest Holdings SE
MC:EAT
|
$664.65 Million |
|
Henan Huaying Agricultural Development Co Ltd
SHE:002321
|
$664.79 Million |
|
LightPath Technologies Inc
NASDAQ:LPTH
|
$664.80 Million |
|
Tipco Asphalt Public Company Limited
BK:TASCO
|
$664.15 Million |
|
Nanjing Baose Co Ltd
SHE:300402
|
$664.12 Million |
|
Nuveen Churchill Direct Lending Corp.
NYSE:NCDL
|
$663.76 Million |
|
Yes Optoelectronics Co Ltd Class A
SHE:002952
|
$663.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lao Feng Xiang Co Ltd B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,573,982,195 to 12,498,088,299, a change of 924,106,104 (8.0%).
- Net income of 1,949,801,689 contributed positively to equity growth.
- Dividend payments of 1,274,187,810 reduced retained earnings.
- Other factors increased equity by 248,492,225.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.95 Billion | +15.6% |
| Dividends Paid | $1.27 Billion | -10.2% |
| Other Changes | $248.49 Million | +1.99% |
| Total Change | $- | 7.98% |
Book Value vs Market Value Analysis
This analysis compares Lao Feng Xiang Co Ltd B'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: 0.13x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.30x to 0.13x 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 | $10.72 | $3.22 | x |
| 2018-12-31 | $11.84 | $3.22 | x |
| 2019-12-31 | $13.42 | $3.22 | x |
| 2020-12-31 | $15.23 | $3.22 | x |
| 2021-12-31 | $17.57 | $3.22 | x |
| 2022-12-31 | $19.36 | $3.22 | x |
| 2023-12-31 | $22.13 | $3.22 | x |
| 2024-12-31 | $23.89 | $3.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lao Feng Xiang Co Ltd B 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): 15.60%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.43%
- • Asset Turnover: 2.50x
- • Equity Multiplier: 1.82x
- Recent ROE (15.60%) is below the historical average (19.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 24.60% | 3.13% | 3.09x | 2.54x | $663.11 Million |
| 2016 | 20.89% | 3.02% | 2.49x | 2.78x | $551.34 Million |
| 2017 | 20.26% | 2.85% | 2.97x | 2.39x | $575.45 Million |
| 2018 | 19.46% | 2.75% | 2.83x | 2.50x | $585.40 Million |
| 2019 | 20.06% | 2.84% | 2.89x | 2.45x | $706.01 Million |
| 2020 | 19.91% | 3.07% | 2.64x | 2.46x | $789.53 Million |
| 2021 | 20.41% | 3.20% | 2.63x | 2.42x | $957.19 Million |
| 2022 | 16.79% | 2.70% | 2.42x | 2.57x | $687.54 Million |
| 2023 | 19.13% | 3.10% | 2.94x | 2.10x | $1.06 Billion |
| 2024 | 15.60% | 3.43% | 2.50x | 1.82x | $699.99 Million |
Industry Comparison
This section compares Lao Feng Xiang Co Ltd B's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $2,144,541,446
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lao Feng Xiang Co Ltd B (900905) | $15.04 Billion | 24.60% | 0.59x | $664.17 Million |
| Shenzhen Tellus Holding Co Ltd (000025) | $242.35 Million | 2.14% | 4.26x | $954.10 Million |
| Fiyta Holdings Ltd (000026) | $3.33 Billion | 9.99% | 0.26x | $968.83 Million |
| Innovative Medical Management Co Ltd (002173) | $134.18 Million | 19.54% | 1.80x | $1.50 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $2.44 Billion | 7.22% | 0.40x | $1.37 Billion |
| Zhejiang Ming Jewelry Co Ltd (002574) | $3.05 Billion | 2.01% | 0.62x | $441.17 Million |
| Beijing Kingee Culture Development Co Ltd (002721) | $908.61 Million | 7.58% | 2.36x | $1.19 Billion |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $1.31 Billion | 3.60% | 1.38x | $163.05 Million |
| Chow Tai Seng Jewellery Co Ltd (002867) | $6.38 Billion | 20.61% | 0.25x | $2.11 Billion |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.34 Billion | 16.40% | 0.23x | $21.50 Million |
| Fiyta Holdings Ltd (200026) | $2.30 Billion | 5.28% | 0.84x | $36.57 Million |
About Lao Feng Xiang Co Ltd B
Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. The company researches, designs, produces, and sells gold, silver, platinum, diamonds, white jade, jadeite, pearls, gold inlays, colored gemstones, enamel, K gold jewelry glass, corals, watches, amber, brooches, arts and crafts souvenirs. The company was formerly known as China First P… Read more