Vatti Corp Ltd

SHE:002035 China Furnishings, Fixtures & Appliances
Market Cap
$718.58 Million
CN¥5.27 Billion CNY
Market Cap Rank
#10503 Global
#2341 in China
Share Price
CN¥6.22
Change (1 day)
+0.16%
52-Week Range
CN¥6.03 - CN¥7.64
All Time High
CN¥19.65
Categories
Companies in China Furnishings, Fixtures & Appliances
About

Vatti Corporation Limited produces and sells household appliances in the People's Republic of China. The company offers hoods, cookers, gas water heaters, water heaters, steam ovens, steam boxes, steam-bake, ovens, disinfection cabinets, dishwashers, bathroom accessories, water purifiers and softeners, fireplace, and integrated kitchen appliances. It also engages in the import and export activiti… Read more

Vatti Corp Ltd (002035) - Net Assets

Latest net assets as of September 2025: CN¥3.93 Billion CNY

Based on the latest financial reports, Vatti Corp Ltd (002035) has net assets worth CN¥3.93 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¥6.99 Billion) and total liabilities (CN¥3.06 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¥3.93 Billion
% of Total Assets 56.19%
Annual Growth Rate 20.14%
5-Year Change 18.25%
10-Year Change 143.44%
Growth Volatility 39.48

Vatti Corp Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Vatti Corp 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 Vatti Corp Ltd (2001–2024)

The table below shows the annual net assets of Vatti Corp Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.82 Billion +3.63%
2023-12-31 CN¥3.69 Billion +8.38%
2022-12-31 CN¥3.40 Billion +2.02%
2021-12-31 CN¥3.34 Billion +3.19%
2020-12-31 CN¥3.23 Billion +3.76%
2019-12-31 CN¥3.12 Billion +16.51%
2018-12-31 CN¥2.67 Billion +18.26%
2017-12-31 CN¥2.26 Billion +26.03%
2016-12-31 CN¥1.79 Billion +14.25%
2015-12-31 CN¥1.57 Billion +4.59%
2014-12-31 CN¥1.50 Billion +18.12%
2013-12-31 CN¥1.27 Billion +25.02%
2012-12-31 CN¥1.02 Billion +81.78%
2011-12-31 CN¥559.51 Million +16.89%
2010-12-31 CN¥478.65 Million +28.59%
2009-12-31 CN¥372.24 Million +19.18%
2008-12-31 CN¥312.34 Million -5.73%
2007-12-31 CN¥331.34 Million +1.88%
2006-12-31 CN¥325.23 Million +1.49%
2005-12-31 CN¥320.45 Million -0.67%
2004-12-31 CN¥322.61 Million +187.23%
2003-12-31 CN¥112.32 Million +48.16%
2002-12-31 CN¥75.81 Million +34.85%
2001-12-31 CN¥56.22 Million --

Equity Component Analysis

This analysis shows how different components contribute to Vatti Corp 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 143929.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.69 Billion 71.07%
Common Stock CN¥847.65 Million 22.43%
Other Comprehensive Income CN¥345.92 Million 9.15%
Total Equity CN¥3.78 Billion 100.00%

Vatti Corp Ltd Competitors by Market Cap

The table below lists competitors of Vatti Corp Ltd ranked by their market capitalization.

Company Market Cap
Ennis Inc
NYSE:EBF
 		$478.58 Million
Compagnie Plastic Omnium SA
PINK:PASTF
 		$478.67 Million
THE DUCKHORN P. DL -001
F:8B3
 		$479.11 Million
Kumho Tire
KO:073240
 		$479.16 Million
GSP Automotive Group Wenzhou Co Ltd
SHG:605088
 		$478.39 Million
Supreme Petrochem Limited
NSE:SPLPETRO
 		$478.27 Million
Shanxi Huaxiang Group Co Ltd
SHG:603112
 		$478.20 Million
MiMedx Group Inc
NASDAQ:MDXG
 		$478.13 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,644,092,141 to 3,779,465,388, a change of 135,373,247 (3.7%).
  • Net income of 484,691,472 contributed positively to equity growth.
  • Dividend payments of 251,081,159 reduced retained earnings.
  • Share repurchases of 100,050,446 reduced equity.
  • Other comprehensive income increased equity by 12,666,234.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥484.69 Million +12.82%
Dividends Paid CN¥251.08 Million -6.64%
Share Repurchases CN¥100.05 Million -2.65%
Other Comprehensive Income CN¥12.67 Million +0.34%
Other Changes CN¥-10.85 Million -0.29%
Total Change CN¥- 3.71%

Book Value vs Market Value Analysis

This analysis compares Vatti Corp 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: 1.37x
  • 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 50.54x to 1.37x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CN¥0.12 CN¥6.22 x
2002-12-31 CN¥0.16 CN¥6.22 x
2003-12-31 CN¥0.24 CN¥6.22 x
2004-12-31 CN¥0.50 CN¥6.22 x
2005-12-31 CN¥0.69 CN¥6.22 x
2006-12-31 CN¥0.70 CN¥6.22 x
2007-12-31 CN¥0.58 CN¥6.22 x
2008-12-31 CN¥0.48 CN¥6.22 x
2009-12-31 CN¥0.51 CN¥6.22 x
2010-12-31 CN¥0.66 CN¥6.22 x
2011-12-31 CN¥0.77 CN¥6.22 x
2012-12-31 CN¥1.40 CN¥6.22 x
2013-12-31 CN¥1.43 CN¥6.22 x
2014-12-31 CN¥1.69 CN¥6.22 x
2015-12-31 CN¥1.78 CN¥6.22 x
2016-12-31 CN¥2.02 CN¥6.22 x
2017-12-31 CN¥2.52 CN¥6.22 x
2018-12-31 CN¥2.95 CN¥6.22 x
2019-12-31 CN¥3.43 CN¥6.22 x
2020-12-31 CN¥3.73 CN¥6.22 x
2021-12-31 CN¥3.83 CN¥6.22 x
2022-12-31 CN¥3.89 CN¥6.22 x
2023-12-31 CN¥4.30 CN¥6.22 x
2024-12-31 CN¥4.54 CN¥6.22 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vatti Corp 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): 12.82%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.61%
  • • Asset Turnover: 0.87x
  • • Equity Multiplier: 1.93x
  • Recent ROE (12.82%) is below the historical average (16.10%), 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 22.45% 2.98% 1.59x 4.75x CN¥7.00 Million
2002 28.67% 4.67% 2.11x 2.90x CN¥14.01 Million
2003 31.82% 5.56% 2.14x 2.67x CN¥24.02 Million
2004 8.78% 3.66% 1.39x 1.73x CN¥-3.91 Million
2005 10.35% 3.36% 1.55x 1.99x CN¥1.13 Million
2006 8.39% 2.27% 1.44x 2.58x CN¥-5.16 Million
2007 4.49% 1.13% 1.51x 2.62x CN¥-18.22 Million
2008 -3.58% -0.79% 1.73x 2.63x CN¥-42.19 Million
2009 14.74% 3.88% 1.59x 2.40x CN¥17.27 Million
2010 25.83% 7.43% 1.52x 2.30x CN¥74.44 Million
2011 25.61% 6.81% 1.65x 2.27x CN¥84.62 Million
2012 16.11% 6.40% 1.27x 1.99x CN¥60.39 Million
2013 18.04% 6.04% 1.57x 1.91x CN¥99.73 Million
2014 19.22% 6.65% 1.60x 1.80x CN¥134.85 Million
2015 13.61% 5.58% 1.34x 1.82x CN¥55.08 Million
2016 18.86% 7.45% 1.22x 2.07x CN¥153.89 Million
2017 23.31% 8.89% 1.36x 1.93x CN¥290.96 Million
2018 26.13% 11.11% 1.15x 2.04x CN¥417.90 Million
2019 24.86% 13.01% 0.96x 1.99x CN¥447.00 Million
2020 12.90% 9.35% 0.75x 1.85x CN¥91.77 Million
2021 6.39% 3.71% 0.86x 2.01x CN¥-116.95 Million
2022 4.33% 2.46% 0.87x 2.03x CN¥-187.01 Million
2023 12.27% 7.17% 0.87x 1.98x CN¥82.75 Million
2024 12.82% 7.61% 0.87x 1.93x CN¥106.74 Million

Industry Comparison

This section compares Vatti Corp 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: $21,724,256,275
  • Average return on equity (ROE) among peers: 12.68%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Vatti Corp Ltd (002035) CN¥3.93 Billion 22.45% 0.78x $478.47 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
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