Shenzhen Kaifa Technology Co Ltd (000021) - Net Assets

Latest as of March 2026: CN¥16.60 Billion CNY ≈ $2.43 Billion USD

Based on the latest financial reports, Shenzhen Kaifa Technology Co Ltd (000021) has net assets worth CN¥16.60 Billion CNY (≈ $2.43 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥28.46 Billion ≈ $4.16 Billion USD) and total liabilities (CN¥11.86 Billion ≈ $1.74 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 tangible net worth ratio of Shenzhen Kaifa Technology Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥16.60 Billion
% of Total Assets 58.32%
Annual Growth Rate 15.1%
5-Year Change 41.96%
10-Year Change 207.48%
Growth Volatility 29.4

Shenzhen Kaifa Technology Co Ltd - Net Assets Trend (1992–2025)

This chart illustrates how Shenzhen Kaifa Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shenzhen Kaifa Technology Co Ltd (000021) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Kaifa Technology Co Ltd (1992–2025)

The table below shows the annual net assets of Shenzhen Kaifa Technology Co Ltd from 1992 to 2025. For live valuation and market cap data, see Shenzhen Kaifa Technology Co Ltd market cap and net worth.

Year Net Assets Change
2025-12-31 CN¥16.29 Billion
≈ $2.38 Billion		 +17.54%
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		 +4.91%
2018-12-31 CN¥6.77 Billion
≈ $990.64 Million		 +14.19%
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		 +2.90%
2014-12-31 CN¥5.06 Billion
≈ $740.29 Million		 +1.97%
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		 +3.40%
2008-12-31 CN¥3.82 Billion
≈ $559.39 Million		 +9.63%
2007-12-31 CN¥3.49 Billion
≈ $510.25 Million		 +1.35%
2006-12-31 CN¥3.44 Billion
≈ $503.47 Million		 +19.99%
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		 +6.36%
2002-12-31 CN¥2.36 Billion
≈ $345.08 Million		 +1.93%
2001-12-31 CN¥2.31 Billion
≈ $338.54 Million		 -3.18%
2000-12-31 CN¥2.39 Billion
≈ $349.67 Million		 +7.89%
1999-12-31 CN¥2.21 Billion
≈ $324.10 Million		 +15.20%
1998-12-31 CN¥1.92 Billion
≈ $281.33 Million		 +83.74%
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 728791103984.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥7.29 Billion 55.65%
Other Components CN¥5.81 Billion 44.35%
Total Equity CN¥13.10 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
Fujikura Ltd
NYSE:FJIKY
 $10.15 Billion
CCL Industries Inc
TO:CCL-B
 $10.16 Billion
Kratos Defense & Security Solutions
NASDAQ:KTOS
 $10.17 Billion
Hangzhou Silan Microelectronics Co Ltd
SHG:600460
 $10.19 Billion
Anhui Jianghuai Automobile Group Corp Ltd
SHG:600418
 $10.14 Billion
PIRAEUS F.HL.ADR NEW 2021
F:BKP0
 $10.13 Billion
TTM Technologies Inc
NASDAQ:TTMI
 $10.12 Billion
China Pacific Insurance (Group) Co. Ltd
F:75C
 $10.12 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 2024 to 2025, total equity changed from 11,876,799,194 to 13,096,699,266, a change of 1,219,900,072 (10.3%).
  • Net income of 1,135,679,007 contributed positively to equity growth.
  • Dividend payments of 469,044,282 reduced retained earnings.
  • Other factors increased equity by 553,265,347.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥1.14 Billion +8.67%
Dividends Paid CN¥469.04 Million -3.58%
Other Changes CN¥553.27 Million +4.22%
Total Change CN¥- 10.27%

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: 5.29x
  • 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 792.08x to 5.29x 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¥44.04 x
1992-12-31 CN¥0.12 CN¥44.04 x
1993-12-31 CN¥0.30 CN¥44.04 x
1994-12-31 CN¥0.33 CN¥44.04 x
1995-12-31 CN¥0.36 CN¥44.04 x
1996-12-31 CN¥0.60 CN¥44.04 x
1997-12-31 CN¥0.79 CN¥44.04 x
1998-12-31 CN¥1.46 CN¥44.04 x
1999-12-31 CN¥1.68 CN¥44.04 x
2000-12-31 CN¥1.76 CN¥44.04 x
2001-12-31 CN¥1.72 CN¥44.04 x
2002-12-31 CN¥1.79 CN¥44.04 x
2003-12-31 CN¥1.90 CN¥44.04 x
2004-12-31 CN¥2.02 CN¥44.04 x
2005-12-31 CN¥2.17 CN¥44.04 x
2006-12-31 CN¥2.61 CN¥44.04 x
2007-12-31 CN¥2.64 CN¥44.04 x
2008-12-31 CN¥2.68 CN¥44.04 x
2009-12-31 CN¥2.75 CN¥44.04 x
2010-12-31 CN¥3.17 CN¥44.04 x
2011-12-31 CN¥3.08 CN¥44.04 x
2012-12-31 CN¥3.02 CN¥44.04 x
2013-12-31 CN¥3.61 CN¥44.04 x
2014-12-31 CN¥3.38 CN¥44.04 x
2015-12-31 CN¥3.54 CN¥44.04 x
2016-12-31 CN¥3.57 CN¥44.04 x
2017-12-31 CN¥3.98 CN¥44.04 x
2018-12-31 CN¥4.53 CN¥44.04 x
2019-12-31 CN¥4.71 CN¥44.04 x
2020-12-31 CN¥5.16 CN¥44.04 x
2021-12-31 CN¥6.43 CN¥44.04 x
2022-12-31 CN¥6.61 CN¥44.04 x
2023-12-31 CN¥7.02 CN¥44.04 x
2024-12-31 CN¥7.61 CN¥44.04 x
2025-12-31 CN¥8.32 CN¥44.04 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): 8.67%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.21%
  • • Asset Turnover: 0.59x
  • • Equity Multiplier: 2.04x
  • Recent ROE (8.67%) is below the historical average (11.83%), 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 23.39% 15.92% 0.79x 1.86x CN¥257.11 Million
1999 14.15% 9.62% 0.85x 1.73x CN¥91.82 Million
2000 6.38% 3.83% 0.98x 1.70x CN¥-84.12 Million
2001 -0.74% -0.43% 0.84x 2.05x CN¥-243.07 Million
2002 2.58% 0.98% 1.22x 2.14x CN¥-174.95 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 9.68% 3.21% 2.38x 1.27x CN¥-10.99 Million
2007 20.34% 5.42% 2.55x 1.48x CN¥360.51 Million
2008 9.20% 2.14% 3.07x 1.40x CN¥-28.16 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 3.50% 1.06% 1.14x 2.91x CN¥-322.72 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 8.61% 3.58% 1.00x 2.40x CN¥-92.37 Million
2019 5.09% 2.66% 0.72x 2.67x CN¥-339.96 Million
2020 11.30% 5.73% 0.69x 2.86x 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
2025 8.67% 7.21% 0.59x 2.04x CN¥-173.99 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: $7,679,483,330
  • Average return on equity (ROE) among peers: 6.93%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenzhen Kaifa Technology Co Ltd (000021) CN¥16.60 Billion 38.86% 0.71x $10.15 Billion
China Greatwall Computer Shenzhen Co Ltd (000066) $12.45 Billion -11.88% 1.62x $8.42 Billion
TPV Technology Co Ltd (000727) $1.20 Billion 2.17% 0.76x $1.82 Billion
Inspur Electronic Info Industr (000977) $17.62 Billion 11.84% 1.33x $14.14 Billion
Ninestar Corp (002180) $8.56 Billion 11.10% 3.22x $2.94 Billion
Costar Group Co Ltd (002189) $495.15 Million 2.19% 0.48x $759.85 Million
Hangzhou Hikvision Digital Technology Co Ltd (002415) $24.48 Billion 30.33% 0.69x $43.32 Billion
Shenzhen Rapoo Technology (002577) $1.16 Billion 2.75% 0.07x $801.75 Million
Suzhou Anjie Technology Co Ltd (002635) $2.34 Billion 13.15% 0.32x $1.76 Billion
Netac Tech (300042) $811.84 Million 0.73% 0.08x $2.06 Billion

About Shenzhen Kaifa Technology Co Ltd

SHE:000021 China Computer Hardware
Market Cap
$10.15 Billion
CN¥69.33 Billion CNY
Market Cap Rank
#2241 Global
#267 in China
Share Price
CN¥44.04
Change (1 day)
+2.63%
52-Week Range
CN¥16.80 - CN¥44.04
All Time High
CN¥44.04
Categories
Companies in China Computer Hardware Technology AI & Machine Learning
About

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