Shenzhen Kaifa Technology Co Ltd (000021) - Net Assets
Based on the latest financial reports, Shenzhen Kaifa Technology Co Ltd (000021) has net assets worth CN¥15.85 Billion CNY (≈ $2.32 Billion 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¥27.56 Billion ≈ $4.03 Billion USD) and total liabilities (CN¥11.71 Billion ≈ $1.71 Billion 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 Shenzhen Kaifa Technology Co Ltd (000021) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥15.85 Billion |
| % of Total Assets | 57.51% |
| Annual Growth Rate | 15.02% |
| 5-Year Change | 73.01% |
| 10-Year Change | 166.21% |
| Growth Volatility | 29.83 |
Shenzhen Kaifa Technology Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Shenzhen Kaifa Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shenzhen Kaifa Technology Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Kaifa Technology Co Ltd (1992–2024)
The table below shows the annual net assets of Shenzhen Kaifa Technology Co Ltd from 1992 to 2024. For live valuation and market cap data, see Shenzhen Kaifa Technology Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥13.86 Billion ≈ $2.03 Billion |
+8.42% |
| 2023-12-31 | CN¥12.78 Billion ≈ $1.87 Billion |
+6.85% |
| 2022-12-31 | CN¥11.96 Billion ≈ $1.75 Billion |
+4.26% |
| 2021-12-31 | CN¥11.47 Billion ≈ $1.68 Billion |
+43.25% |
| 2020-12-31 | CN¥8.01 Billion ≈ $1.17 Billion |
+12.78% |
| 2019-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+11.20% |
| 2018-12-31 | CN¥6.39 Billion ≈ $934.57 Million |
+7.72% |
| 2017-12-31 | CN¥5.93 Billion ≈ $867.56 Million |
+11.92% |
| 2016-12-31 | CN¥5.30 Billion ≈ $775.17 Million |
+1.76% |
| 2015-12-31 | CN¥5.21 Billion ≈ $761.75 Million |
+3.10% |
| 2014-12-31 | CN¥5.05 Billion ≈ $738.87 Million |
+1.78% |
| 2013-12-31 | CN¥4.96 Billion ≈ $725.97 Million |
+19.37% |
| 2012-12-31 | CN¥4.16 Billion ≈ $608.19 Million |
-3.80% |
| 2011-12-31 | CN¥4.32 Billion ≈ $632.24 Million |
-3.52% |
| 2010-12-31 | CN¥4.48 Billion ≈ $655.32 Million |
+13.30% |
| 2009-12-31 | CN¥3.95 Billion ≈ $578.42 Million |
+14.09% |
| 2008-12-31 | CN¥3.46 Billion ≈ $506.97 Million |
-0.64% |
| 2007-12-31 | CN¥3.49 Billion ≈ $510.25 Million |
+12.39% |
| 2006-12-31 | CN¥3.10 Billion ≈ $454.01 Million |
+8.20% |
| 2005-12-31 | CN¥2.87 Billion ≈ $419.60 Million |
+7.69% |
| 2004-12-31 | CN¥2.66 Billion ≈ $389.64 Million |
+6.16% |
| 2003-12-31 | CN¥2.51 Billion ≈ $367.04 Million |
+9.77% |
| 2002-12-31 | CN¥2.28 Billion ≈ $334.36 Million |
-1.56% |
| 2001-12-31 | CN¥2.32 Billion ≈ $339.65 Million |
-0.34% |
| 2000-12-31 | CN¥2.33 Billion ≈ $340.81 Million |
+5.15% |
| 1999-12-31 | CN¥2.21 Billion ≈ $324.10 Million |
+14.92% |
| 1998-12-31 | CN¥1.93 Billion ≈ $282.02 Million |
+84.19% |
| 1997-12-31 | CN¥1.05 Billion ≈ $153.11 Million |
+32.26% |
| 1996-12-31 | CN¥791.15 Million ≈ $115.77 Million |
+65.30% |
| 1995-12-31 | CN¥478.62 Million ≈ $70.04 Million |
+9.52% |
| 1994-12-31 | CN¥437.01 Million ≈ $63.95 Million |
+12.03% |
| 1993-12-31 | CN¥390.07 Million ≈ $57.08 Million |
+147.96% |
| 1992-12-31 | CN¥157.31 Million ≈ $23.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Kaifa 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 636839095800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.37 Billion | 53.62% |
| Common Stock | CN¥1.56 Billion | 13.14% |
| Other Components | CN¥3.95 Billion | 33.24% |
| Total Equity | CN¥11.88 Billion | 100.00% |
Shenzhen Kaifa Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Kaifa Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Uranium Energy Corp
NYSE MKT:UEC
|
$6.72 Billion |
|
Delivery Hero SE
XETRA:DHER
|
$6.72 Billion |
|
Charter Hall Group
AU:CHC
|
$6.72 Billion |
|
Yunnan Wenshan Electric Power Co Ltd
SHG:600995
|
$6.73 Billion |
|
AutoNation Inc
NYSE:AN
|
$6.72 Billion |
|
Syensqo
BR:SYENS
|
$6.72 Billion |
|
Zhejiang Crystal Optech Co Ltd
SHE:002273
|
$6.72 Billion |
|
Rail Vikas Nigam Limited
NSE:RVNL
|
$6.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Kaifa Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,962,137,542 to 11,876,799,194, a change of 914,661,652 (8.3%).
- Net income of 930,345,574 contributed positively to equity growth.
- Dividend payments of 457,590,699 reduced retained earnings.
- Other factors increased equity by 441,906,777.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥930.35 Million | +7.83% |
| Dividends Paid | CN¥457.59 Million | -3.85% |
| Other Changes | CN¥441.91 Million | +3.72% |
| Total Change | CN¥- | 8.34% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Kaifa 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: 3.84x
- 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 525.53x to 3.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | CN¥0.06 | CN¥29.22 | x |
| 1992-12-31 | CN¥0.12 | CN¥29.22 | x |
| 1993-12-31 | CN¥0.30 | CN¥29.22 | x |
| 1994-12-31 | CN¥0.33 | CN¥29.22 | x |
| 1995-12-31 | CN¥0.36 | CN¥29.22 | x |
| 1996-12-31 | CN¥0.60 | CN¥29.22 | x |
| 1997-12-31 | CN¥0.79 | CN¥29.22 | x |
| 1998-12-31 | CN¥1.46 | CN¥29.22 | x |
| 1999-12-31 | CN¥1.68 | CN¥29.22 | x |
| 2000-12-31 | CN¥1.76 | CN¥29.22 | x |
| 2001-12-31 | CN¥1.72 | CN¥29.22 | x |
| 2002-12-31 | CN¥1.73 | CN¥29.22 | x |
| 2003-12-31 | CN¥1.90 | CN¥29.22 | x |
| 2004-12-31 | CN¥2.02 | CN¥29.22 | x |
| 2005-12-31 | CN¥2.17 | CN¥29.22 | x |
| 2006-12-31 | CN¥2.35 | CN¥29.22 | x |
| 2007-12-31 | CN¥2.64 | CN¥29.22 | x |
| 2008-12-31 | CN¥2.65 | CN¥29.22 | x |
| 2009-12-31 | CN¥2.75 | CN¥29.22 | x |
| 2010-12-31 | CN¥3.17 | CN¥29.22 | x |
| 2011-12-31 | CN¥3.08 | CN¥29.22 | x |
| 2012-12-31 | CN¥3.02 | CN¥29.22 | x |
| 2013-12-31 | CN¥3.61 | CN¥29.22 | x |
| 2014-12-31 | CN¥3.37 | CN¥29.22 | x |
| 2015-12-31 | CN¥3.54 | CN¥29.22 | x |
| 2016-12-31 | CN¥3.57 | CN¥29.22 | x |
| 2017-12-31 | CN¥3.98 | CN¥29.22 | x |
| 2018-12-31 | CN¥4.27 | CN¥29.22 | x |
| 2019-12-31 | CN¥4.71 | CN¥29.22 | x |
| 2020-12-31 | CN¥5.16 | CN¥29.22 | x |
| 2021-12-31 | CN¥6.43 | CN¥29.22 | x |
| 2022-12-31 | CN¥6.61 | CN¥29.22 | x |
| 2023-12-31 | CN¥7.02 | CN¥29.22 | x |
| 2024-12-31 | CN¥7.61 | CN¥29.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Kaifa 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): 7.83%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.27%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.25x
- Recent ROE (7.83%) is below the historical average (11.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 38.86% | 9.61% | 1.05x | 3.87x | CN¥21.17 Million |
| 1992 | 36.65% | 9.47% | 1.17x | 3.29x | CN¥41.93 Million |
| 1993 | 11.29% | 6.85% | 0.79x | 2.10x | CN¥5.04 Million |
| 1994 | 12.22% | 7.61% | 0.81x | 1.97x | CN¥9.70 Million |
| 1995 | 24.73% | 7.40% | 1.44x | 2.32x | CN¥70.49 Million |
| 1996 | 34.81% | 17.00% | 1.07x | 1.90x | CN¥196.26 Million |
| 1997 | 30.48% | 18.02% | 1.00x | 1.69x | CN¥214.28 Million |
| 1998 | 23.33% | 15.92% | 0.79x | 1.86x | CN¥256.63 Million |
| 1999 | 14.15% | 9.62% | 0.85x | 1.73x | CN¥91.82 Million |
| 2000 | 6.37% | 3.83% | 1.00x | 1.67x | CN¥-84.55 Million |
| 2001 | -0.74% | -0.43% | 0.84x | 2.05x | CN¥-243.84 Million |
| 2002 | 2.66% | 0.98% | 1.22x | 2.21x | CN¥-167.62 Million |
| 2003 | 8.89% | 2.83% | 1.79x | 1.75x | CN¥-27.92 Million |
| 2004 | 8.55% | 3.29% | 1.73x | 1.51x | CN¥-38.50 Million |
| 2005 | 11.00% | 3.91% | 1.89x | 1.49x | CN¥28.61 Million |
| 2006 | 10.74% | 3.21% | 2.61x | 1.28x | CN¥22.82 Million |
| 2007 | 20.34% | 5.42% | 2.55x | 1.48x | CN¥360.51 Million |
| 2008 | 9.32% | 2.14% | 3.49x | 1.25x | CN¥-23.71 Million |
| 2009 | 7.12% | 1.93% | 2.47x | 1.50x | CN¥-104.47 Million |
| 2010 | 9.19% | 1.85% | 3.12x | 1.59x | CN¥-34.05 Million |
| 2011 | 6.20% | 1.35% | 1.80x | 2.55x | CN¥-154.29 Million |
| 2012 | 2.35% | 0.57% | 1.61x | 2.56x | CN¥-304.31 Million |
| 2013 | 4.74% | 1.53% | 1.10x | 2.83x | CN¥-255.30 Million |
| 2014 | 3.51% | 1.06% | 1.14x | 2.91x | CN¥-321.75 Million |
| 2015 | 3.47% | 1.18% | 1.07x | 2.76x | CN¥-339.73 Million |
| 2016 | 4.08% | 1.42% | 1.29x | 2.23x | CN¥-311.43 Million |
| 2017 | 9.24% | 3.81% | 0.86x | 2.83x | CN¥-44.37 Million |
| 2018 | 9.14% | 3.58% | 1.03x | 2.47x | CN¥-54.06 Million |
| 2019 | 5.09% | 2.66% | 0.72x | 2.67x | CN¥-339.96 Million |
| 2020 | 11.30% | 5.73% | 0.69x | 2.85x | CN¥98.64 Million |
| 2021 | 7.87% | 4.70% | 0.61x | 2.75x | CN¥-209.30 Million |
| 2022 | 6.39% | 4.09% | 0.58x | 2.70x | CN¥-372.84 Million |
| 2023 | 5.88% | 4.52% | 0.52x | 2.50x | CN¥-451.61 Million |
| 2024 | 7.83% | 6.27% | 0.55x | 2.25x | CN¥-257.33 Million |
Industry Comparison
This section compares Shenzhen Kaifa Technology Co Ltd's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $5,195,380,620
- Average return on equity (ROE) among peers: 10.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Kaifa Technology Co Ltd (000021) | CN¥15.85 Billion | 38.86% | 0.74x | $6.72 Billion |
| China Greatwall Computer Shenzhen Co Ltd (000066) | $1.66 Billion | 3.63% | 0.36x | $9.36 Billion |
| TPV Technology Co Ltd (000727) | $448.74 Million | 11.92% | 0.22x | $1.76 Billion |
| Inspur Electronic Info Industr (000977) | $9.31 Billion | 7.07% | 1.75x | $15.03 Billion |
| Ninestar Corp (002180) | $12.17 Billion | 1.19% | 2.14x | $3.99 Billion |
| Costar Group Co Ltd (002189) | $946.07 Million | 17.14% | 1.75x | $806.48 Million |
| Hangzhou Hikvision Digital Technology Co Ltd (002415) | $19.30 Billion | 30.41% | 0.57x | $48.67 Billion |
| Shenzhen Rapoo Technology (002577) | $1.06 Billion | 4.38% | 0.12x | $706.05 Million |
| Suzhou Anjie Technology Co Ltd (002635) | $948.06 Million | 10.66% | 0.08x | $1.59 Billion |
| Netac Tech (300042) | $908.57 Million | 6.18% | 0.05x | $1.53 Billion |
About Shenzhen Kaifa Technology Co Ltd
Shenzhen Kaifa Technology Co., Ltd. provides electronics manufacturing services worldwide. The company offers hard disk components manufacturing services, including magnetic heads, hard disk PCBA, and aluminum substrates, as well as metering systems comprising electric, water, and gas meter systems. It also provides research and development, manufacturing, and logistics transportation services fo… Read more