Xiamen Kehua Hengsheng (002335) - Net Assets

Latest as of March 2026: CN¥6.63 Billion CNY ≈ $970.38 Million USD

Based on the latest financial reports, Xiamen Kehua Hengsheng (002335) has net assets worth CN¥6.63 Billion CNY (≈ $970.38 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.73 Billion ≈ $2.01 Billion USD) and total liabilities (CN¥7.10 Billion ≈ $1.04 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) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.63 Billion
% of Total Assets	48.29%
Annual Growth Rate	24.43%
5-Year Change	76.16%
10-Year Change	100.96%
Growth Volatility	57.55

Xiamen Kehua Hengsheng - Net Assets Trend (2006–2025)

This chart illustrates how Xiamen Kehua Hengsheng's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Xiamen Kehua Hengsheng to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Xiamen Kehua Hengsheng (2006–2025)

The table below shows the annual net assets of Xiamen Kehua Hengsheng from 2006 to 2025. For live valuation and market cap data, see Xiamen Kehua Hengsheng stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥6.55 Billion ≈ $957.87 Million	+36.33%
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	--

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 7353.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥2.35 Billion	36.62%
Other Components	CN¥4.06 Billion	63.38%
Total Equity	CN¥6.41 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
LEG Immobilien SE XETRA:LEG	$4.31 Billion
Benefit Systems SA WAR:BFT	$4.31 Billion
Twist Bioscience Corp NASDAQ:TWST	$4.31 Billion
Silicon Motion Technology NASDAQ:SIMO	$4.32 Billion
Xi an Bright Laser Tech Co Ltd SHG:688333	$4.31 Billion
Shan Dong Dong-E E-Jiao Co Ltd SHE:000423	$4.30 Billion
TFS Financial Corporation NASDAQ:TFSL	$4.30 Billion
Rogers Communications Inc TO:RCI-A	$4.30 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 2024 to 2025, total equity changed from 4,673,238,237 to 6,406,553,479, a change of 1,733,315,242 (37.1%).
Net income of 417,988,030 contributed positively to equity growth.
Dividend payments of 62,962,533 reduced retained earnings.
Other comprehensive income decreased equity by 565,250,637.
Other factors increased equity by 1,943,540,382.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥417.99 Million	+6.52%
Dividends Paid	CN¥62.96 Million	-0.98%
Other Comprehensive Income	CN¥-565.25 Million	-8.82%
Other Changes	CN¥1.94 Billion	+30.34%
Total Change	CN¥-	37.09%

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: 3.17x
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 114.02x to 3.17x 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¥39.38	x
2007-12-31	CN¥0.47	CN¥39.38	x
2008-12-31	CN¥0.58	CN¥39.38	x
2009-12-31	CN¥0.82	CN¥39.38	x
2010-12-31	CN¥2.23	CN¥39.38	x
2011-12-31	CN¥2.38	CN¥39.38	x
2012-12-31	CN¥2.54	CN¥39.38	x
2013-12-31	CN¥2.75	CN¥39.38	x
2014-12-31	CN¥3.04	CN¥39.38	x
2015-12-31	CN¥3.42	CN¥39.38	x
2016-12-31	CN¥7.01	CN¥39.38	x
2017-12-31	CN¥7.44	CN¥39.38	x
2018-12-31	CN¥6.88	CN¥39.38	x
2019-12-31	CN¥6.92	CN¥39.38	x
2020-12-31	CN¥6.98	CN¥39.38	x
2021-12-31	CN¥7.64	CN¥39.38	x
2022-12-31	CN¥8.04	CN¥39.38	x
2023-12-31	CN¥9.54	CN¥39.38	x
2024-12-31	CN¥10.08	CN¥39.38	x
2025-12-31	CN¥12.43	CN¥39.38	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): 6.52%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.12%
• Asset Turnover: 0.58x
• Equity Multiplier: 2.20x
Recent ROE (6.52%) is below the historical average (11.62%), 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
2025	6.52%	5.12%	0.58x	2.20x	CN¥-222.67 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: $1,962,958,871
Average return on equity (ROE) among peers: 10.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xiamen Kehua Hengsheng (002335)	CN¥6.63 Billion	7.30%	1.07x	$4.31 Billion
XJ Electric Co Ltd (000400)	$769.50 Million	13.66%	0.29x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$656.70 Million	10.00%	3.24x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.39 Billion	11.14%	0.11x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$1.32 Billion	0.16%	0.16x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.57 Billion	1.54%	1.62x	$742.84 Million
Huagong Tech Co Ltd (000988)	$684.66 Million	5.90%	0.54x	$26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.44 Billion
Sieyuan Electric Co Ltd (002028)	$10.67 Billion	14.62%	0.76x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$102.42 Million	12.86%	0.78x	$468.31 Million
Gotion High tech Co Ltd (002074)	$87.88 Million	21.99%	1.03x	$7.89 Billion

About Xiamen Kehua Hengsheng

SHE:002335 China Electrical Equipment & Parts

Market Cap

$4.31 Billion

CN¥29.43 Billion CNY

Market Cap Rank

#3999 Global

#637 in China

Share Price

CN¥39.38

Change (1 day)

+1.16%

52-Week Range

CN¥35.37 - CN¥77.00

All Time High

CN¥401.05