What is the equity of Red Avenue New Materials Group Co this year?
Red Avenue New Materials Group Co has equity of 3.41 B CNY this year.
In 2024, Red Avenue New Materials Group Co's equity was 3.41 B CNY, a 12.05% increase from the 3.04 B CNY equity in the previous year.
Red Avenue New Materials Group Co's equity represents the ownership interest in the company, calculated as the difference between total assets and total liabilities. It reflects the residual claim by shareholders on the company’s assets after all debts have been paid. Understanding Red Avenue New Materials Group Co's equity is essential for assessing its financial health, stability, and value to shareholders.
Evaluating Red Avenue New Materials Group Co's equity over successive years offers insights into the company's growth, profitability, and capital structure. Increasing equity indicates an enhancement in net assets and financial health, while decreasing equity could point to rising debts or operational challenges.
Red Avenue New Materials Group Co's equity is a crucial element for investors, influencing the company's leverage, risk profile, and return on equity (ROE). Higher equity levels generally suggest lower risk and enhanced financial stability, making the company a potentially attractive investment opportunity.
Fluctuations in Red Avenue New Materials Group Co’s equity can arise from various factors, including changes in net income, dividend payments, and issuance or buyback of shares. Investors analyze these shifts to gauge the company's financial performance, operational efficiency, and strategic financial management.
Red Avenue New Materials Group Co has equity of 3.41 B CNY this year.
The equity of Red Avenue New Materials Group Co has increased/decreased by 12.05% increased compared to the previous year.
A high equity is advantageous for investors of Red Avenue New Materials Group Co as it is an indicator of the company's financial stability and its ability to manage risks and challenges.
A low equity can be a risk for investors of Red Avenue New Materials Group Co, as it can put the company in a weaker financial position and impair its ability to manage risks and challenges.
An increase in equity of Red Avenue New Materials Group Co can strengthen the company's financial position and improve its ability to make investments in the future.
A reduction in equity of Red Avenue New Materials Group Co can affect the financial situation of the company and lead to a higher dependence on debt capital.
Some factors that can affect the equity of Red Avenue New Materials Group Co include profits, dividend payments, capital increases, and acquisitions.
The equity of Red Avenue New Materials Group Co is important for investors as it is an indicator of the financial strength of the company and can be an indication of how well the company is able to fulfill its financial obligations.
To change equity, Red Avenue New Materials Group Co can take various measures such as increasing profits, conducting capital increases, reducing expenses, and acquiring companies. It is important for the company to perform a thorough review of its financial situation to determine the best strategic actions to modify its equity.
Over the past 12 months, Red Avenue New Materials Group Co paid a dividend of 0.08 CNY . This corresponds to a dividend yield of about 0.24 %. For the coming 12 months, Red Avenue New Materials Group Co is expected to pay a dividend of 0.09 CNY.
The current dividend yield of Red Avenue New Materials Group Co is 0.24 %.
Red Avenue New Materials Group Co pays a quarterly dividend. This is distributed in the months of August, July, July, November.
Red Avenue New Materials Group Co paid dividends every year for the past 8 years.
For the upcoming 12 months, dividends amounting to 0.09 CNY are expected. This corresponds to a dividend yield of 0.25 %.
Red Avenue New Materials Group Co is assigned to the 'Commodities' sector.
To receive the latest dividend of Red Avenue New Materials Group Co from 10/16/2024 amounting to 0.25 CNY, you needed to have the stock in your portfolio before the ex-date on 10/16/2024.
The last dividend was paid out on 10/16/2024.
In the year 2023, Red Avenue New Materials Group Co distributed 0.09 CNY as dividends.
The dividends of Red Avenue New Materials Group Co are distributed in CNY.
Our stock analysis for Red Avenue New Materials Group Co Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Red Avenue New Materials Group Co Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.