Xiamen Kehua Hengsheng (002335) - Net Assets
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. Also explore 002335 total asset value for the complete picture of this company's asset 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. Check how tangible is Xiamen Kehua Hengsheng's equity to evaluate the tangible quality of the company's equity base.
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 (002335) total market value.
| 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 |
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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 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 |
|---|---|
|
SSAB AB (publ)
ST:SSAB-A
|
$3.25 Billion |
|
Seacoast Banking Corporation of Florida
NASDAQ:SBCF
|
$3.25 Billion |
|
Apple Hospitality REIT Inc
NYSE:APLE
|
$3.26 Billion |
|
Sinomach Precision Industry Co Ltd
SHE:002046
|
$3.26 Billion |
|
Qingdao East Steel Tower Stock Co Ltd
SHE:002545
|
$3.25 Billion |
|
Wynn Macau Limited
F:8WY
|
$3.25 Billion |
|
TVS Holdings Limited
NSE:TVSHLTD
|
$3.25 Billion |
|
Navan, Inc. Class A Common Stock
NASDAQ:NAVN
|
$3.24 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: 2.37x
- 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 85.24x to 2.37x 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¥29.44 | x |
| 2007-12-31 | CN¥0.47 | CN¥29.44 | x |
| 2008-12-31 | CN¥0.58 | CN¥29.44 | x |
| 2009-12-31 | CN¥0.82 | CN¥29.44 | x |
| 2010-12-31 | CN¥2.23 | CN¥29.44 | x |
| 2011-12-31 | CN¥2.38 | CN¥29.44 | x |
| 2012-12-31 | CN¥2.54 | CN¥29.44 | x |
| 2013-12-31 | CN¥2.75 | CN¥29.44 | x |
| 2014-12-31 | CN¥3.04 | CN¥29.44 | x |
| 2015-12-31 | CN¥3.42 | CN¥29.44 | x |
| 2016-12-31 | CN¥7.01 | CN¥29.44 | x |
| 2017-12-31 | CN¥7.44 | CN¥29.44 | x |
| 2018-12-31 | CN¥6.88 | CN¥29.44 | x |
| 2019-12-31 | CN¥6.92 | CN¥29.44 | x |
| 2020-12-31 | CN¥6.98 | CN¥29.44 | x |
| 2021-12-31 | CN¥7.64 | CN¥29.44 | x |
| 2022-12-31 | CN¥8.04 | CN¥29.44 | x |
| 2023-12-31 | CN¥9.54 | CN¥29.44 | x |
| 2024-12-31 | CN¥10.08 | CN¥29.44 | x |
| 2025-12-31 | CN¥12.43 | CN¥29.44 | 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: $1,970,714,155
- Average return on equity (ROE) among peers: 6.62%
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 | $3.25 Billion |
| XJ Electric Co Ltd (000400) | $1.30 Billion | 15.00% | 0.40x | $3.52 Billion |
| Guangdong Macro Co Ltd (000533) | $2.06 Billion | 11.00% | 0.58x | $1.16 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.19 Billion | 10.32% | 0.10x | $914.10 Million |
| Dongfang Electronics Co Ltd (000682) | $1.90 Billion | 2.65% | 0.72x | $2.42 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.46 Billion | -5.38% | 1.34x | $643.55 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $13.71 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.37 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.71 Billion | 6.26% | 0.61x | $17.99 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $355.59 Million |
| Gotion High tech Co Ltd (002074) | $512.47 Million | 7.21% | 1.11x | $7.47 Billion |
About Xiamen Kehua Hengsheng
Kehua Data Co., Ltd. provides integrated solutions for power protection and energy conservation in China and internationally. The company offers critical power products; data centers comprising WiseRow, WiseAisle, and WiseAIO IDC; and renewable energy products. Its products are used in education, industry, finance, transport, health care, and data center applications. The company was formerly kno… Read more