Vatti Corp Ltd (002035) - Net Assets

Latest as of September 2025: CN¥3.93 Billion CNY ≈ $575.03 Million USD

Based on the latest financial reports, Vatti Corp Ltd (002035) has net assets worth CN¥3.93 Billion CNY (≈ $575.03 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¥6.99 Billion ≈ $1.02 Billion USD) and total liabilities (CN¥3.06 Billion ≈ $448.25 Million 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 Vatti Corp Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Vatti Corp Ltd (002035) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Vatti Corp Ltd (002035) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥3.82 Billion ≈ $559.57 Million	+3.63%
2023-12-31	CN¥3.69 Billion ≈ $539.96 Million	+8.38%
2022-12-31	CN¥3.40 Billion ≈ $498.20 Million	+2.02%
2021-12-31	CN¥3.34 Billion ≈ $488.32 Million	+3.19%
2020-12-31	CN¥3.23 Billion ≈ $473.22 Million	+3.76%
2019-12-31	CN¥3.12 Billion ≈ $456.06 Million	+16.51%
2018-12-31	CN¥2.67 Billion ≈ $391.42 Million	+18.26%
2017-12-31	CN¥2.26 Billion ≈ $330.99 Million	+26.03%
2016-12-31	CN¥1.79 Billion ≈ $262.62 Million	+14.25%
2015-12-31	CN¥1.57 Billion ≈ $229.86 Million	+4.59%
2014-12-31	CN¥1.50 Billion ≈ $219.78 Million	+18.12%
2013-12-31	CN¥1.27 Billion ≈ $186.07 Million	+25.02%
2012-12-31	CN¥1.02 Billion ≈ $148.83 Million	+81.78%
2011-12-31	CN¥559.51 Million ≈ $81.87 Million	+16.89%
2010-12-31	CN¥478.65 Million ≈ $70.04 Million	+28.59%
2009-12-31	CN¥372.24 Million ≈ $54.47 Million	+19.18%
2008-12-31	CN¥312.34 Million ≈ $45.71 Million	-5.73%
2007-12-31	CN¥331.34 Million ≈ $48.49 Million	+1.88%
2006-12-31	CN¥325.23 Million ≈ $47.59 Million	+1.49%
2005-12-31	CN¥320.45 Million ≈ $46.89 Million	-0.67%
2004-12-31	CN¥322.61 Million ≈ $47.21 Million	+187.23%
2003-12-31	CN¥112.32 Million ≈ $16.44 Million	+48.16%
2002-12-31	CN¥75.81 Million ≈ $11.09 Million	+34.85%
2001-12-31	CN¥56.22 Million ≈ $8.23 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
Ningbo Exciton Technology Co Ltd SHE:300566	$730.65 Million
Sinoma Energy Conservation Ltd SHG:603126	$730.76 Million
Tanla Platforms Limited NSE:TANLA	$730.81 Million
Zhejiang Sunflower Light Energy SHE:300111	$730.83 Million
Impulse Qingdao Health Tech Co Ltd SHE:002899	$730.57 Million
Changhong Meiling Co Ltd SHE:000521	$730.28 Million
COFCO Engineering & Technology Co Ltd SHE:301058	$730.13 Million
Liberty Broadband Srs A NASDAQ:LBRDA	$730.01 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: 1.30x
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 47.86x to 1.30x 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¥5.89	x
2002-12-31	CN¥0.16	CN¥5.89	x
2003-12-31	CN¥0.24	CN¥5.89	x
2004-12-31	CN¥0.50	CN¥5.89	x
2005-12-31	CN¥0.69	CN¥5.89	x
2006-12-31	CN¥0.70	CN¥5.89	x
2007-12-31	CN¥0.58	CN¥5.89	x
2008-12-31	CN¥0.48	CN¥5.89	x
2009-12-31	CN¥0.51	CN¥5.89	x
2010-12-31	CN¥0.66	CN¥5.89	x
2011-12-31	CN¥0.77	CN¥5.89	x
2012-12-31	CN¥1.40	CN¥5.89	x
2013-12-31	CN¥1.43	CN¥5.89	x
2014-12-31	CN¥1.69	CN¥5.89	x
2015-12-31	CN¥1.78	CN¥5.89	x
2016-12-31	CN¥2.02	CN¥5.89	x
2017-12-31	CN¥2.52	CN¥5.89	x
2018-12-31	CN¥2.95	CN¥5.89	x
2019-12-31	CN¥3.43	CN¥5.89	x
2020-12-31	CN¥3.73	CN¥5.89	x
2021-12-31	CN¥3.83	CN¥5.89	x
2022-12-31	CN¥3.89	CN¥5.89	x
2023-12-31	CN¥4.30	CN¥5.89	x
2024-12-31	CN¥4.54	CN¥5.89	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: $24,327,116,826
Average return on equity (ROE) among peers: 12.27%

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	$730.59 Million
Midea Group Co Ltd (000333)	$107.50 Billion	22.52%	1.81x	$82.47 Billion
Changhong Meiling Co Ltd (000521)	$879.37 Million	0.76%	1.77x	$730.28 Million
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
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 Vatti Corp Ltd

SHE:002035 China Furnishings, Fixtures & Appliances

Market Cap

$730.59 Million

CN¥4.99 Billion CNY

Market Cap Rank

#10617 Global

#3112 in China

Share Price

CN¥5.89

Change (1 day)

-0.84%

52-Week Range

CN¥5.73 - CN¥6.86

All Time High

CN¥19.65