Xiamen Kehua Hengsheng (002335) - Net Assets
Based on the latest financial reports, Xiamen Kehua Hengsheng (002335) has net assets worth CN¥6.46 Billion CNY (≈ $945.20 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¥14.16 Billion ≈ $2.07 Billion USD) and total liabilities (CN¥7.70 Billion ≈ $1.13 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 Xiamen Kehua Hengsheng (002335) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.46 Billion |
| % of Total Assets | 45.61% |
| Annual Growth Rate | 23.8% |
| 5-Year Change | 38.13% |
| 10-Year Change | 213.79% |
| Growth Volatility | 59.12 |
Xiamen Kehua Hengsheng - Net Assets Trend (2006–2024)
This chart illustrates how Xiamen Kehua Hengsheng's net assets have evolved over time, based on quarterly financial data. Also explore Xiamen Kehua Hengsheng total assets for the complete picture of this company's asset base.
Annual Net Assets for Xiamen Kehua Hengsheng (2006–2024)
The table below shows the annual net assets of Xiamen Kehua Hengsheng from 2006 to 2024. For live valuation and market cap data, see Xiamen Kehua Hengsheng stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.80 Billion ≈ $702.60 Million |
+6.47% |
| 2023-12-31 | CN¥4.51 Billion ≈ $659.91 Million |
+15.18% |
| 2022-12-31 | CN¥3.92 Billion ≈ $572.96 Million |
+5.37% |
| 2021-12-31 | CN¥3.72 Billion ≈ $543.76 Million |
+6.90% |
| 2020-12-31 | CN¥3.48 Billion ≈ $508.66 Million |
+1.02% |
| 2019-12-31 | CN¥3.44 Billion ≈ $503.54 Million |
-2.24% |
| 2018-12-31 | CN¥3.52 Billion ≈ $515.06 Million |
-4.58% |
| 2017-12-31 | CN¥3.69 Billion ≈ $539.77 Million |
+13.24% |
| 2016-12-31 | CN¥3.26 Billion ≈ $476.64 Million |
+112.88% |
| 2015-12-31 | CN¥1.53 Billion ≈ $223.90 Million |
+23.82% |
| 2014-12-31 | CN¥1.24 Billion ≈ $180.83 Million |
+18.15% |
| 2013-12-31 | CN¥1.05 Billion ≈ $153.05 Million |
+7.40% |
| 2012-12-31 | CN¥973.90 Million ≈ $142.51 Million |
+8.40% |
| 2011-12-31 | CN¥898.40 Million ≈ $131.46 Million |
+11.17% |
| 2010-12-31 | CN¥808.13 Million ≈ $118.25 Million |
+251.47% |
| 2009-12-31 | CN¥229.93 Million ≈ $33.65 Million |
+40.71% |
| 2008-12-31 | CN¥163.41 Million ≈ $23.91 Million |
+33.94% |
| 2007-12-31 | CN¥122.00 Million ≈ $17.85 Million |
+18.65% |
| 2006-12-31 | CN¥102.82 Million ≈ $15.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xiamen Kehua Hengsheng'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 6260.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.00 Billion | 42.84% |
| Common Stock | CN¥461.57 Million | 9.88% |
| Other Comprehensive Income | CN¥565.25 Million | 12.10% |
| Other Components | CN¥1.64 Billion | 35.19% |
| Total Equity | CN¥4.67 Billion | 100.00% |
Xiamen Kehua Hengsheng Competitors by Market Cap
The table below lists competitors of Xiamen Kehua Hengsheng ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golar LNG Limited
NASDAQ:GLNG
|
$4.59 Billion |
|
Laureate Education Inc
NASDAQ:LAUR
|
$4.60 Billion |
|
Skshu Paint Co Ltd
SHG:603737
|
$4.61 Billion |
|
Bumrungrad Hospital Public Company Limited
BK:BH-R
|
$4.61 Billion |
|
PriceSmart Inc
NASDAQ:PSMT
|
$4.59 Billion |
|
Asia Commercial Bank
VN:ACB
|
$4.59 Billion |
|
Jiangsu Xinquan Automotive Trim Co Ltd
SHG:603179
|
$4.58 Billion |
|
Universal Display
NASDAQ:OLED
|
$4.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiamen Kehua Hengsheng's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,401,704,983 to 4,673,238,237, a change of 271,533,254 (6.2%).
- Net income of 315,174,949 contributed positively to equity growth.
- Dividend payments of 80,640,963 reduced retained earnings.
- Other comprehensive income increased equity by 356,744,389.
- Other factors decreased equity by 319,745,121.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥315.17 Million | +6.74% |
| Dividends Paid | CN¥80.64 Million | -1.73% |
| Other Comprehensive Income | CN¥356.74 Million | +7.63% |
| Other Changes | CN¥-319.75 Million | -6.84% |
| Total Change | CN¥- | 6.17% |
Book Value vs Market Value Analysis
This analysis compares Xiamen Kehua Hengsheng'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: 6.04x
- 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 decreased from 176.30x to 6.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.35 | CN¥60.89 | x |
| 2007-12-31 | CN¥0.47 | CN¥60.89 | x |
| 2008-12-31 | CN¥0.58 | CN¥60.89 | x |
| 2009-12-31 | CN¥0.82 | CN¥60.89 | x |
| 2010-12-31 | CN¥2.23 | CN¥60.89 | x |
| 2011-12-31 | CN¥2.38 | CN¥60.89 | x |
| 2012-12-31 | CN¥2.54 | CN¥60.89 | x |
| 2013-12-31 | CN¥2.75 | CN¥60.89 | x |
| 2014-12-31 | CN¥3.04 | CN¥60.89 | x |
| 2015-12-31 | CN¥3.42 | CN¥60.89 | x |
| 2016-12-31 | CN¥7.01 | CN¥60.89 | x |
| 2017-12-31 | CN¥7.44 | CN¥60.89 | x |
| 2018-12-31 | CN¥6.88 | CN¥60.89 | x |
| 2019-12-31 | CN¥6.92 | CN¥60.89 | x |
| 2020-12-31 | CN¥6.98 | CN¥60.89 | x |
| 2021-12-31 | CN¥7.64 | CN¥60.89 | x |
| 2022-12-31 | CN¥8.04 | CN¥60.89 | x |
| 2023-12-31 | CN¥9.54 | CN¥60.89 | x |
| 2024-12-31 | CN¥10.08 | CN¥60.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiamen Kehua Hengsheng 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): 6.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.06%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.74x
- Recent ROE (6.74%) is below the historical average (11.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 7.30% | 2.87% | 0.92x | 2.77x | CN¥-2.31 Million |
| 2007 | 19.93% | 7.46% | 1.06x | 2.51x | CN¥12.00 Million |
| 2008 | 25.39% | 9.54% | 1.36x | 1.96x | CN¥24.94 Million |
| 2009 | 30.50% | 14.93% | 1.14x | 1.80x | CN¥46.80 Million |
| 2010 | 11.48% | 13.99% | 0.59x | 1.38x | CN¥11.93 Million |
| 2011 | 12.10% | 11.54% | 0.77x | 1.36x | CN¥18.87 Million |
| 2012 | 9.72% | 10.14% | 0.69x | 1.40x | CN¥-2.72 Million |
| 2013 | 10.92% | 11.24% | 0.66x | 1.48x | CN¥9.57 Million |
| 2014 | 11.23% | 8.55% | 0.70x | 1.87x | CN¥13.87 Million |
| 2015 | 11.35% | 8.74% | 0.52x | 2.48x | CN¥17.37 Million |
| 2016 | 5.62% | 9.69% | 0.35x | 1.66x | CN¥-133.66 Million |
| 2017 | 12.26% | 17.69% | 0.39x | 1.79x | CN¥78.59 Million |
| 2018 | 2.31% | 2.20% | 0.46x | 2.30x | CN¥-251.81 Million |
| 2019 | 6.48% | 5.35% | 0.49x | 2.45x | CN¥-112.47 Million |
| 2020 | 11.85% | 9.16% | 0.46x | 2.81x | CN¥59.68 Million |
| 2021 | 12.45% | 9.02% | 0.51x | 2.73x | CN¥86.30 Million |
| 2022 | 6.70% | 4.40% | 0.57x | 2.69x | CN¥-122.59 Million |
| 2023 | 11.53% | 6.23% | 0.69x | 2.70x | CN¥67.38 Million |
| 2024 | 6.74% | 4.06% | 0.61x | 2.74x | CN¥-152.15 Million |
Industry Comparison
This section compares Xiamen Kehua Hengsheng's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,102,466,364
- Average return on equity (ROE) among peers: 12.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiamen Kehua Hengsheng (002335) | CN¥6.46 Billion | 7.30% | 1.19x | $4.59 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $868.77 Million | 22.25% | 1.96x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.19 Billion | 10.32% | 0.10x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.41 Billion | 1.38% | 0.23x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $881.96 Million | 3.88% | 5.40x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $728.66 Million | 5.17% | 0.60x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $218.98 Million | 10.86% | 0.64x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $1.11 Billion | 22.54% | 1.37x | $9.75 Billion |
About Xiamen Kehua Hengsheng
Kehua Data Co., Ltd. provides integrated solutions for power protection and energy conservation in China and internationally. It offers single and three phase online uninterruptible power supplies (UPS), modular UPS, and lithium-ion battery systems for small computer room, network closet, data center, commercial facility, healthcare/hospital, and industrial applications; string and central invert… Read more