Changhong Meiling Co Ltd (000521) - Net Assets

Latest as of September 2025: CN¥6.61 Billion CNY ≈ $967.84 Million USD

Based on the latest financial reports, Changhong Meiling Co Ltd (000521) has net assets worth CN¥6.61 Billion CNY (≈ $967.84 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¥24.06 Billion ≈ $3.52 Billion USD) and total liabilities (CN¥17.44 Billion ≈ $2.55 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 Changhong Meiling Co Ltd (000521) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.61 Billion
% of Total Assets	27.49%
Annual Growth Rate	11.72%
5-Year Change	30.52%
10-Year Change	89.38%
Growth Volatility	28.91

Changhong Meiling Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Changhong Meiling Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Changhong Meiling Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Changhong Meiling Co Ltd (1992–2024)

The table below shows the annual net assets of Changhong Meiling Co Ltd from 1992 to 2024. For live valuation and market cap data, see Changhong Meiling Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥6.48 Billion ≈ $947.70 Million	+4.56%
2023-12-31	CN¥6.19 Billion ≈ $906.38 Million	+11.83%
2022-12-31	CN¥5.54 Billion ≈ $810.54 Million	+10.90%
2021-12-31	CN¥4.99 Billion ≈ $730.90 Million	+0.66%
2020-12-31	CN¥4.96 Billion ≈ $726.11 Million	-2.93%
2019-12-31	CN¥5.11 Billion ≈ $748.04 Million	-0.46%
2018-12-31	CN¥5.14 Billion ≈ $751.49 Million	-0.42%
2017-12-31	CN¥5.16 Billion ≈ $754.66 Million	-0.17%
2016-12-31	CN¥5.17 Billion ≈ $755.96 Million	+51.06%
2015-12-31	CN¥3.42 Billion ≈ $500.43 Million	-0.54%
2014-12-31	CN¥3.44 Billion ≈ $503.14 Million	+7.19%
2013-12-31	CN¥3.21 Billion ≈ $469.39 Million	+7.59%
2012-12-31	CN¥2.98 Billion ≈ $436.28 Million	+4.46%
2011-12-31	CN¥2.85 Billion ≈ $417.66 Million	+3.93%
2010-12-31	CN¥2.75 Billion ≈ $401.85 Million	+103.49%
2009-12-31	CN¥1.35 Billion ≈ $197.48 Million	+25.31%
2008-12-31	CN¥1.08 Billion ≈ $157.59 Million	+15.70%
2007-12-31	CN¥930.83 Million ≈ $136.21 Million	+4.14%
2006-12-31	CN¥893.80 Million ≈ $130.79 Million	+1.64%
2005-12-31	CN¥879.37 Million ≈ $128.68 Million	+0.82%
2004-12-31	CN¥872.22 Million ≈ $127.63 Million	+1.92%
2003-12-31	CN¥855.75 Million ≈ $125.22 Million	-17.35%
2002-12-31	CN¥1.04 Billion ≈ $151.51 Million	+0.72%
2001-12-31	CN¥1.03 Billion ≈ $150.42 Million	-25.38%
2000-12-31	CN¥1.38 Billion ≈ $201.57 Million	-1.92%
1999-12-31	CN¥1.40 Billion ≈ $205.51 Million	+1.05%
1998-12-31	CN¥1.39 Billion ≈ $203.37 Million	+3.16%
1997-12-31	CN¥1.35 Billion ≈ $197.14 Million	+21.26%
1996-12-31	CN¥1.11 Billion ≈ $162.57 Million	+69.86%
1995-12-31	CN¥654.07 Million ≈ $95.71 Million	+43.11%
1994-12-31	CN¥457.05 Million ≈ $66.88 Million	+21.60%
1993-12-31	CN¥375.87 Million ≈ $55.00 Million	+101.57%
1992-12-31	CN¥186.47 Million ≈ $27.29 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Changhong Meiling 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 180320718500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.80 Billion	29.63%
Common Stock	CN¥1.03 Billion	16.92%
Other Comprehensive Income	CN¥550.24 Million	9.04%
Other Components	CN¥2.70 Billion	44.41%
Total Equity	CN¥6.09 Billion	100.00%

Changhong Meiling Co Ltd Competitors by Market Cap

The table below lists competitors of Changhong Meiling Co Ltd ranked by their market capitalization.

Company	Market Cap
Impulse Qingdao Health Tech Co Ltd SHE:002899	$730.57 Million
Vatti Corp Ltd SHE:002035	$730.59 Million
Ningbo Exciton Technology Co Ltd SHE:300566	$730.65 Million
Sinoma Energy Conservation Ltd SHG:603126	$730.76 Million
COFCO Engineering & Technology Co Ltd SHE:301058	$730.13 Million
Liberty Broadband Srs A NASDAQ:LBRDA	$730.01 Million
Logistea AB Series B ST:LOGI-B	$729.97 Million
HMC Capital Ltd AU:HMC	$729.88 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Changhong Meiling Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 5,824,782,654 to 6,085,800,940, a change of 261,018,286 (4.5%).
Net income of 699,270,051 contributed positively to equity growth.
Dividend payments of 332,802,391 reduced retained earnings.
Other comprehensive income increased equity by 34,604,180.
Other factors decreased equity by 140,053,554.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥699.27 Million	+11.49%
Dividends Paid	CN¥332.80 Million	-5.47%
Other Comprehensive Income	CN¥34.60 Million	+0.57%
Other Changes	CN¥-140.05 Million	-2.3%
Total Change	CN¥-	4.48%

Book Value vs Market Value Analysis

This analysis compares Changhong Meiling 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: 0.96x
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 18.06x to 0.96x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1992-12-31	CN¥0.31	CN¥5.66	x
1993-12-31	CN¥0.63	CN¥5.66	x
1994-12-31	CN¥0.77	CN¥5.66	x
1995-12-31	CN¥1.10	CN¥5.66	x
1996-12-31	CN¥1.80	CN¥5.66	x
1997-12-31	CN¥2.26	CN¥5.66	x
1998-12-31	CN¥2.34	CN¥5.66	x
1999-12-31	CN¥2.36	CN¥5.66	x
2000-12-31	CN¥2.31	CN¥5.66	x
2001-12-31	CN¥1.73	CN¥5.66	x
2002-12-31	CN¥1.74	CN¥5.66	x
2003-12-31	CN¥1.41	CN¥5.66	x
2004-12-31	CN¥1.44	CN¥5.66	x
2005-12-31	CN¥1.45	CN¥5.66	x
2006-12-31	CN¥1.47	CN¥5.66	x
2007-12-31	CN¥1.53	CN¥5.66	x
2008-12-31	CN¥1.78	CN¥5.66	x
2009-12-31	CN¥2.22	CN¥5.66	x
2010-12-31	CN¥5.47	CN¥5.66	x
2011-12-31	CN¥4.39	CN¥5.66	x
2012-12-31	CN¥3.87	CN¥5.66	x
2013-12-31	CN¥4.17	CN¥5.66	x
2014-12-31	CN¥4.48	CN¥5.66	x
2015-12-31	CN¥4.43	CN¥5.66	x
2016-12-31	CN¥6.29	CN¥5.66	x
2017-12-31	CN¥4.84	CN¥5.66	x
2018-12-31	CN¥4.80	CN¥5.66	x
2019-12-31	CN¥4.79	CN¥5.66	x
2020-12-31	CN¥4.67	CN¥5.66	x
2021-12-31	CN¥4.70	CN¥5.66	x
2022-12-31	CN¥5.02	CN¥5.66	x
2023-12-31	CN¥5.66	CN¥5.66	x
2024-12-31	CN¥5.91	CN¥5.66	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Changhong Meiling 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): 11.49%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.44%
• Asset Turnover: 1.19x
• Equity Multiplier: 3.94x
Recent ROE (11.49%) is above the historical average (5.19%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1992	22.85%	8.74%	1.20x	2.19x	CN¥23.95 Million
1993	23.07%	9.79%	1.37x	1.72x	CN¥49.13 Million
1994	23.90%	9.05%	1.42x	1.86x	CN¥63.52 Million
1995	17.19%	8.84%	0.98x	1.99x	CN¥47.00 Million
1996	13.50%	9.55%	0.69x	2.05x	CN¥37.55 Million
1997	8.75%	8.34%	0.61x	1.73x	CN¥-16.79 Million
1998	6.01%	6.10%	0.56x	1.75x	CN¥-55.49 Million
1999	4.87%	5.16%	0.52x	1.81x	CN¥-72.00 Million
2000	0.40%	0.41%	0.53x	1.83x	CN¥-132.22 Million
2001	-34.00%	-27.04%	0.57x	2.20x	CN¥-452.35 Million
2002	0.78%	0.64%	0.55x	2.22x	CN¥-95.43 Million
2003	-23.15%	-14.07%	0.62x	2.67x	CN¥-278.75 Million
2004	1.96%	1.17%	0.61x	2.75x	CN¥-68.93 Million
2005	0.77%	0.33%	0.83x	2.83x	CN¥-79.71 Million
2006	1.37%	0.43%	1.16x	2.71x	CN¥-75.58 Million
2007	1.93%	0.45%	1.33x	3.22x	CN¥-73.56 Million
2008	2.42%	0.59%	1.28x	3.20x	CN¥-80.34 Million
2009	22.74%	4.76%	1.32x	3.61x	CN¥168.76 Million
2010	11.99%	3.96%	1.16x	2.62x	CN¥54.12 Million
2011	3.81%	1.18%	1.18x	2.72x	CN¥-173.02 Million
2012	6.50%	2.07%	1.18x	2.67x	CN¥-103.38 Million
2013	8.60%	2.60%	1.24x	2.67x	CN¥-44.66 Million
2014	8.60%	2.74%	1.19x	2.63x	CN¥-47.77 Million
2015	0.78%	0.25%	1.15x	2.68x	CN¥-311.96 Million
2016	4.32%	1.76%	1.00x	2.45x	CN¥-289.30 Million
2017	0.64%	0.19%	1.05x	3.16x	CN¥-472.63 Million
2018	0.77%	0.22%	1.12x	3.10x	CN¥-462.91 Million
2019	0.87%	0.26%	1.17x	2.84x	CN¥-456.98 Million
2020	-1.63%	-0.51%	0.96x	3.32x	CN¥-564.54 Million
2021	1.80%	0.48%	1.19x	3.14x	CN¥-396.64 Million
2022	4.73%	1.21%	1.25x	3.13x	CN¥-272.29 Million
2023	12.72%	3.06%	1.25x	3.33x	CN¥158.56 Million
2024	11.49%	2.44%	1.19x	3.94x	CN¥90.69 Million

Industry Comparison

This section compares Changhong Meiling Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

Industry: Furnishings, Fixtures & Appliances
Average net assets among peers: $24,241,888,529
Average return on equity (ROE) among peers: 15.65%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Changhong Meiling Co Ltd (000521)	CN¥6.61 Billion	22.85%	2.64x	$730.28 Million
Midea Group Co Ltd (000333)	$107.50 Billion	22.52%	1.81x	$82.47 Billion
Gree Electric Appliances Inc of Zhuhai (000651)	$107.93 Billion	21.37%	1.96x	$32.83 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921)	$-842.15 Million	0.00%	0.00x	$3.25 Billion
Suncha Technology Co Ltd (001211)	$929.64 Million	7.56%	0.38x	$439.66 Million
Elec-Tech International Co Ltd (002005)	$114.44 Million	40.36%	2.94x	$741.10 Million
Zhejiang Supor Co Ltd (002032)	$905.66 Million	11.04%	0.85x	$5.52 Billion
Vatti Corp Ltd (002035)	$112.32 Million	31.19%	1.62x	$730.59 Million
CNlight Co Ltd (002076)	$388.80 Million	2.76%	0.26x	$355.44 Million
Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084)	$1.15 Billion	4.02%	0.60x	$364.92 Million

About Changhong Meiling Co Ltd

SHE:000521 China Furnishings, Fixtures & Appliances

Market Cap

$730.28 Million

CN¥4.99 Billion CNY

Market Cap Rank

#10619 Global

#3114 in China

Share Price

CN¥5.66

Change (1 day)

-0.35%

52-Week Range

CN¥5.61 - CN¥8.13

All Time High

CN¥11.84