Hisense Kelon Electrical Holdings Co Ltd

SHE:000921 China Furnishings, Fixtures & Appliances
Market Cap
$2.86 Billion
CN¥20.95 Billion CNY
Market Cap Rank
#5368 Global
#689 in China
Share Price
CN¥22.64
Change (1 day)
+0.85%
52-Week Range
CN¥22.45 - CN¥31.00
All Time High
CN¥41.32
Categories
Companies in China Furnishings, Fixtures & Appliances
About

Hisense Home Appliances Group Co., Ltd. engages in the central air-conditioning business in the People's Republic of China and internationally. The company is involved in the research and development, manufacturing, marketing, and service of HVAC, refrigerators, freezers, washing machines, kitchen appliances, automotive air conditioning compressors, and automotive integrated thermal management sy… Read more

Hisense Kelon Electrical Holdings Co Ltd (000921) - Net Assets

Latest net assets as of September 2025: CN¥20.63 Billion CNY

Based on the latest financial reports, Hisense Kelon Electrical Holdings Co Ltd (000921) has net assets worth CN¥20.63 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥71.93 Billion) and total liabilities (CN¥51.29 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥20.63 Billion
% of Total Assets 28.69%
Annual Growth Rate 8.5%
5-Year Change 34.48%
10-Year Change 333.07%
Growth Volatility 39.63

Hisense Kelon Electrical Holdings Co Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Hisense Kelon Electrical Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Hisense Kelon Electrical Holdings Co Ltd (1996–2024)

The table below shows the annual net assets of Hisense Kelon Electrical Holdings Co Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥19.37 Billion -0.11%
2023-12-31 CN¥19.40 Billion +19.15%
2022-12-31 CN¥16.28 Billion +4.41%
2021-12-31 CN¥15.59 Billion +8.22%
2020-12-31 CN¥14.41 Billion +15.43%
2019-12-31 CN¥12.48 Billion +58.20%
2018-12-31 CN¥7.89 Billion +11.32%
2017-12-31 CN¥7.09 Billion +33.13%
2016-12-31 CN¥5.32 Billion +18.99%
2015-12-31 CN¥4.47 Billion +13.53%
2014-12-31 CN¥3.94 Billion +23.79%
2013-12-31 CN¥3.18 Billion +69.94%
2012-12-31 CN¥1.87 Billion +61.37%
2011-12-31 CN¥1.16 Billion +27.43%
2010-12-31 CN¥910.95 Million +229.93%
2009-12-31 CN¥-701.11 Million +16.75%
2008-12-31 CN¥-842.15 Million -36.16%
2007-12-31 CN¥-618.49 Million +23.36%
2006-12-31 CN¥-806.97 Million +3.03%
2005-12-31 CN¥-832.15 Million -128.41%
2004-12-31 CN¥2.93 Billion -5.74%
2003-12-31 CN¥3.11 Billion +11.07%
2002-12-31 CN¥2.80 Billion +6.41%
2001-12-31 CN¥2.63 Billion -37.99%
2000-12-31 CN¥4.24 Billion -19.32%
1999-12-31 CN¥5.25 Billion +40.50%
1998-12-31 CN¥3.74 Billion +15.51%
1997-12-31 CN¥3.24 Billion +64.18%
1996-12-31 CN¥1.97 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Hisense Kelon Electrical Holdings 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 6105.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.30 Billion 73.11%
Common Stock CN¥1.39 Billion 8.97%
Other Components CN¥2.77 Billion 17.92%
Total Equity CN¥15.46 Billion 100.00%

Hisense Kelon Electrical Holdings Co Ltd Competitors by Market Cap

The table below lists competitors of Hisense Kelon Electrical Holdings Co Ltd ranked by their market capitalization.

Company Market Cap
iQIYI Inc
NASDAQ:IQ
 		$1.73 Billion
Integral Ad Science Holding LLC
NASDAQ:IAS
 		$1.74 Billion
Netcompany Group A/S
OTCQX:NTCYF
 		$1.74 Billion
H2O America
NASDAQ:HTO
 		$1.74 Billion
Ipsos SA
OTCGREY:IPSOF
 		$1.73 Billion
Alten SA
PA:ATE
 		$1.73 Billion
Ducommun Incorporated
NYSE:DCO
 		$1.73 Billion
Expro Group Holdings NV
NYSE:XPRO
 		$1.73 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hisense Kelon Electrical Holdings Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 13,580,174,485 to 15,455,627,000, a change of 1,875,452,515 (13.8%).
  • Net income of 3,347,882,000 contributed positively to equity growth.
  • Dividend payments of 1,495,464,608 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥3.35 Billion +21.66%
Dividends Paid CN¥1.50 Billion -9.68%
Other Changes CN¥23.04 Million +0.15%
Total Change CN¥- 13.81%

Book Value vs Market Value Analysis

This analysis compares Hisense Kelon Electrical Holdings 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: 1.99x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 11.84x to 1.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥1.91 CN¥22.64 x
1997-12-31 CN¥3.04 CN¥22.64 x
1998-12-31 CN¥3.37 CN¥22.64 x
1999-12-31 CN¥4.85 CN¥22.64 x
2000-12-31 CN¥4.17 CN¥22.64 x
2001-12-31 CN¥2.42 CN¥22.64 x
2002-12-31 CN¥2.60 CN¥22.64 x
2003-12-31 CN¥2.80 CN¥22.64 x
2004-12-31 CN¥2.61 CN¥22.64 x
2005-12-31 CN¥-1.10 CN¥22.64 x
2006-12-31 CN¥-1.06 CN¥22.64 x
2007-12-31 CN¥-0.78 CN¥22.64 x
2008-12-31 CN¥-1.00 CN¥22.64 x
2009-12-31 CN¥-0.65 CN¥22.64 x
2010-12-31 CN¥0.40 CN¥22.64 x
2011-12-31 CN¥0.59 CN¥22.64 x
2012-12-31 CN¥1.12 CN¥22.64 x
2013-12-31 CN¥2.03 CN¥22.64 x
2014-12-31 CN¥2.57 CN¥22.64 x
2015-12-31 CN¥3.00 CN¥22.64 x
2016-12-31 CN¥3.58 CN¥22.64 x
2017-12-31 CN¥4.82 CN¥22.64 x
2018-12-31 CN¥5.39 CN¥22.64 x
2019-12-31 CN¥6.40 CN¥22.64 x
2020-12-31 CN¥7.18 CN¥22.64 x
2021-12-31 CN¥7.59 CN¥22.64 x
2022-12-31 CN¥8.45 CN¥22.64 x
2023-12-31 CN¥9.96 CN¥22.64 x
2024-12-31 CN¥11.36 CN¥22.64 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hisense Kelon Electrical Holdings 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): 21.66%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.61%
  • • Asset Turnover: 1.33x
  • • Equity Multiplier: 4.51x
  • Recent ROE (21.66%) is above the historical average (14.72%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 21.86% 15.02% 0.97x 1.50x CN¥224.96 Million
1997 19.13% 16.90% 0.69x 1.64x CN¥275.03 Million
1998 17.69% 15.49% 0.57x 2.00x CN¥256.79 Million
1999 13.37% 11.50% 0.75x 1.55x CN¥162.06 Million
2000 -20.09% -21.47% 0.56x 1.67x CN¥-1.24 Billion
2001 -61.43% -33.68% 0.67x 2.72x CN¥-1.72 Billion
2002 3.93% 2.08% 0.64x 2.97x CN¥-156.22 Million
2003 7.27% 3.28% 0.65x 3.41x CN¥-75.94 Million
2004 -9.48% -3.10% 0.71x 4.30x CN¥-505.20 Million
2005 0.00% -53.27% 1.29x 0.00x CN¥-3.61 Billion
2006 0.00% 0.60% 1.55x 0.00x CN¥146.81 Million
2007 0.00% 2.84% 2.00x 0.00x CN¥327.74 Million
2008 0.00% -2.63% 2.29x 0.00x CN¥-127.56 Million
2009 0.00% 1.21% 2.98x 0.00x CN¥241.27 Million
2010 108.14% 3.31% 2.21x 14.82x CN¥531.15 Million
2011 28.20% 1.23% 2.42x 9.48x CN¥146.50 Million
2012 47.47% 3.79% 2.06x 6.08x CN¥566.56 Million
2013 44.23% 4.99% 2.04x 4.35x CN¥940.80 Million
2014 19.44% 2.53% 2.00x 3.84x CN¥326.64 Million
2015 14.35% 2.47% 1.64x 3.53x CN¥175.93 Million
2016 22.35% 4.07% 1.40x 3.91x CN¥600.99 Million
2017 30.67% 6.03% 1.55x 3.28x CN¥1.36 Billion
2018 18.74% 3.82% 1.65x 2.97x CN¥642.27 Million
2019 20.57% 4.79% 1.10x 3.90x CN¥921.51 Million
2020 16.15% 3.26% 1.16x 4.28x CN¥600.97 Million
2021 9.40% 1.44% 1.21x 5.41x CN¥-61.65 Million
2022 12.46% 1.94% 1.34x 4.81x CN¥283.14 Million
2023 20.89% 3.31% 1.30x 4.86x CN¥1.48 Billion
2024 21.66% 3.61% 1.33x 4.51x CN¥1.80 Billion

Industry Comparison

This section compares Hisense Kelon Electrical Holdings 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: $23,640,972,599
  • Average return on equity (ROE) among peers: 12.65%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hisense Kelon Electrical Holdings Co Ltd (000921) CN¥20.63 Billion 21.86% 2.49x $1.73 Billion
Midea Group Co Ltd (000333) $174.30 Billion 19.35% 1.79x $52.26 Billion
Gree Electric Appliances Inc of Zhuhai (000651) $18.38 Billion 28.50% 3.64x $20.32 Billion
Suncha Technology Co Ltd (001211) $871.29 Million 3.26% 1.13x $140.14 Million
Beijing Liven Technology Co. Ltd. (001259) $147.07 Million 8.03% 1.46x $103.19 Million
De Rucci Healthy Sleep Co. Ltd. (001323) $4.36 Billion 16.25% 0.33x $252.27 Million
Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) $1.41 Billion 7.18% 0.18x $107.70 Million
Hefei Snowky Elec Co Ltd (001387) $243.27 Million 1.71% 3.79x $137.43 Million
Elec-Tech International Co Ltd (002005) $5.99 Billion 0.33% 1.24x $402.60 Million
Zhejiang Supor Co Ltd (002032) $7.07 Billion 29.23% 0.83x $795.41 Million