Elec-Tech International Co Ltd
Elec-Tech International Co., Ltd., together with its subsidiaries, research, develops, manufactures, and sells small household appliances and LED products in China and internationally. It offers small appliances, such as grind and brew, espresso, drip coffee maker, ice tea maker, coffee grinder, vacuum blender, personal blender, stand mixer, multi-slicer, electric kettle, fully automatic smart br… Read more
Elec-Tech International Co Ltd (002005) - Net Assets
Latest net assets as of September 2025: CN¥442.36 Million CNY
Based on the latest financial reports, Elec-Tech International Co Ltd (002005) has net assets worth CN¥442.36 Million 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¥1.21 Billion) and total liabilities (CN¥770.56 Million). 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¥442.36 Million |
| % of Total Assets | 36.47% |
| Annual Growth Rate | 5.42% |
| 5-Year Change | -80.23% |
| 10-Year Change | -93.57% |
| Growth Volatility | 67.3 |
Elec-Tech International Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Elec-Tech International 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 Elec-Tech International Co Ltd (2001–2024)
The table below shows the annual net assets of Elec-Tech International Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥385.15 Million | -29.88% |
| 2023-12-31 | CN¥549.30 Million | -56.58% |
| 2022-12-31 | CN¥1.27 Billion | -19.66% |
| 2021-12-31 | CN¥1.57 Billion | -19.19% |
| 2020-12-31 | CN¥1.95 Billion | -27.06% |
| 2019-12-31 | CN¥2.67 Billion | +9.38% |
| 2018-12-31 | CN¥2.44 Billion | -62.13% |
| 2017-12-31 | CN¥6.45 Billion | +10.76% |
| 2016-12-31 | CN¥5.82 Billion | -2.81% |
| 2015-12-31 | CN¥5.99 Billion | +1.76% |
| 2014-12-31 | CN¥5.89 Billion | +37.70% |
| 2013-12-31 | CN¥4.28 Billion | +1.07% |
| 2012-12-31 | CN¥4.23 Billion | +55.20% |
| 2011-12-31 | CN¥2.73 Billion | +13.11% |
| 2010-12-31 | CN¥2.41 Billion | +242.69% |
| 2009-12-31 | CN¥703.24 Million | +16.02% |
| 2008-12-31 | CN¥606.16 Million | -9.49% |
| 2007-12-31 | CN¥669.68 Million | +5.77% |
| 2006-12-31 | CN¥633.14 Million | +0.09% |
| 2005-12-31 | CN¥632.60 Million | -14.62% |
| 2004-12-31 | CN¥740.90 Million | +180.85% |
| 2003-12-31 | CN¥263.81 Million | +37.11% |
| 2002-12-31 | CN¥192.40 Million | +68.12% |
| 2001-12-31 | CN¥114.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elec-Tech International 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 decreased by 30276.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.75 Billion | 884.91% |
| Other Comprehensive Income | CN¥-480.04 Million | -242.40% |
| Other Components | CN¥4.90 Billion | 2472.20% |
| Total Equity | CN¥198.03 Million | 100.00% |
Elec-Tech International Co Ltd Competitors by Market Cap
The table below lists competitors of Elec-Tech International Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinyaqiang Silicon Chemistry Co Ltd
SHG:603155
|
$402.70 Million |
|
Vontron Technology Co Ltd
SHE:000920
|
$402.70 Million |
|
Lumosa Therapeutics Co. Ltd.
TWO:6535
|
$402.75 Million |
|
SSAW Hotels & Resorts Group Co.Ltd.
SHE:301073
|
$403.13 Million |
|
Inner Mongolia North Hauler Joint Stock Co Ltd
SHG:600262
|
$402.30 Million |
|
BW OFFSHORE LTD. DL 050
F:XY81
|
$402.15 Million |
|
NEW PACIFIC METALS
F:3N7A
|
$402.14 Million |
|
Southern California Bancorp Common Stock
NASDAQ:BCAL
|
$402.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elec-Tech International Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 381,248,589 to 198,034,520, a change of -183,214,069 (-48.1%).
- Net loss of 199,279,174 reduced equity.
- Dividend payments of 2,576,204 reduced retained earnings.
- Share repurchases of 7,021,236 reduced equity.
- Other comprehensive income increased equity by 23,086,341.
- Other factors increased equity by 2,576,204.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-199.28 Million | -100.63% |
| Dividends Paid | CN¥2.58 Million | -1.3% |
| Share Repurchases | CN¥7.02 Million | -3.55% |
| Other Comprehensive Income | CN¥23.09 Million | +11.66% |
| Other Changes | CN¥2.58 Million | +1.3% |
| Total Change | CN¥- | -48.06% |
Book Value vs Market Value Analysis
This analysis compares Elec-Tech International 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: 25.60x
- 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 increased from 19.17x to 25.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.15 | CN¥2.91 | x |
| 2002-12-31 | CN¥0.26 | CN¥2.91 | x |
| 2003-12-31 | CN¥0.37 | CN¥2.91 | x |
| 2004-12-31 | CN¥1.13 | CN¥2.91 | x |
| 2005-12-31 | CN¥0.96 | CN¥2.91 | x |
| 2006-12-31 | CN¥0.91 | CN¥2.91 | x |
| 2007-12-31 | CN¥1.07 | CN¥2.91 | x |
| 2008-12-31 | CN¥0.91 | CN¥2.91 | x |
| 2009-12-31 | CN¥1.00 | CN¥2.91 | x |
| 2010-12-31 | CN¥3.40 | CN¥2.91 | x |
| 2011-12-31 | CN¥2.79 | CN¥2.91 | x |
| 2012-12-31 | CN¥3.77 | CN¥2.91 | x |
| 2013-12-31 | CN¥3.62 | CN¥2.91 | x |
| 2014-12-31 | CN¥4.34 | CN¥2.91 | x |
| 2015-12-31 | CN¥3.95 | CN¥2.91 | x |
| 2016-12-31 | CN¥3.83 | CN¥2.91 | x |
| 2017-12-31 | CN¥4.24 | CN¥2.91 | x |
| 2018-12-31 | CN¥1.28 | CN¥2.91 | x |
| 2019-12-31 | CN¥1.41 | CN¥2.91 | x |
| 2020-12-31 | CN¥1.00 | CN¥2.91 | x |
| 2021-12-31 | CN¥0.80 | CN¥2.91 | x |
| 2022-12-31 | CN¥0.63 | CN¥2.91 | x |
| 2023-12-31 | CN¥0.22 | CN¥2.91 | x |
| 2024-12-31 | CN¥0.11 | CN¥2.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elec-Tech International 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): -100.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -27.03%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 6.24x
- Recent ROE (-100.63%) is below the historical average (-12.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 46.68% | 10.84% | 0.95x | 4.55x | CN¥36.29 Million |
| 2002 | 42.07% | 12.52% | 0.98x | 3.41x | CN¥54.77 Million |
| 2003 | 28.53% | 6.25% | 1.20x | 3.81x | CN¥44.44 Million |
| 2004 | 6.26% | 2.88% | 1.05x | 2.08x | CN¥-27.45 Million |
| 2005 | 0.98% | 0.30% | 1.25x | 2.65x | CN¥-56.35 Million |
| 2006 | 0.98% | 0.35% | 1.20x | 2.35x | CN¥-56.96 Million |
| 2007 | 4.67% | 1.60% | 1.02x | 2.86x | CN¥-35.35 Million |
| 2008 | -10.40% | -2.47% | 1.37x | 3.06x | CN¥-122.41 Million |
| 2009 | 7.55% | 2.55% | 0.87x | 3.42x | CN¥-15.87 Million |
| 2010 | 8.25% | 7.54% | 0.51x | 2.13x | CN¥-41.64 Million |
| 2011 | 14.55% | 12.80% | 0.45x | 2.51x | CN¥122.75 Million |
| 2012 | 3.85% | 5.87% | 0.30x | 2.19x | CN¥-258.34 Million |
| 2013 | 0.21% | 0.28% | 0.29x | 2.58x | CN¥-413.92 Million |
| 2014 | 0.25% | 0.34% | 0.32x | 2.33x | CN¥-541.52 Million |
| 2015 | 0.36% | 0.44% | 0.34x | 2.43x | CN¥-532.57 Million |
| 2016 | 0.59% | 0.78% | 0.30x | 2.53x | CN¥-503.84 Million |
| 2017 | -15.73% | -23.11% | 0.30x | 2.26x | CN¥-1.59 Billion |
| 2018 | -175.97% | -99.15% | 0.52x | 3.40x | CN¥-4.19 Billion |
| 2019 | 10.60% | 8.86% | 0.55x | 2.17x | CN¥15.06 Million |
| 2020 | -33.98% | -27.19% | 0.55x | 2.29x | CN¥-779.81 Million |
| 2021 | -38.10% | -25.75% | 0.61x | 2.44x | CN¥-675.79 Million |
| 2022 | -33.87% | -31.37% | 0.44x | 2.44x | CN¥-481.70 Million |
| 2023 | -59.96% | -29.04% | 0.43x | 4.81x | CN¥-266.73 Million |
| 2024 | -100.63% | -27.03% | 0.60x | 6.24x | CN¥-219.08 Million |
Industry Comparison
This section compares Elec-Tech International 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: $23,472,341,575
- Average return on equity (ROE) among peers: 14.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elec-Tech International Co Ltd (002005) | CN¥442.36 Million | 46.68% | 1.74x | $402.60 Million |
| 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 |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 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 |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |