Edifier Technology Co Ltd
Edifier Technology Co., Ltd. designs, produces, and sells audio equipment in China. The company also engages in research and development, production and sales of home audio, professional audio, car audio, headphones; microphones; bookshelf, computer, and gaming speakers; studio monitors and PA speakers; speakers for TV and home theater; subwoofers; gaming headphones and earphones; open-ear; and o… Read more
Edifier Technology Co Ltd (002351) - Net Assets
Latest net assets as of September 2025: CN¥2.98 Billion CNY
Based on the latest financial reports, Edifier Technology Co Ltd (002351) has net assets worth CN¥2.98 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¥3.57 Billion) and total liabilities (CN¥588.95 Million). 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¥2.98 Billion |
| % of Total Assets | 83.49% |
| Annual Growth Rate | 20.92% |
| 5-Year Change | 38.39% |
| 10-Year Change | 64.36% |
| Growth Volatility | 81.35 |
Edifier Technology Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Edifier Technology Co 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 Edifier Technology Co Ltd (2006–2024)
The table below shows the annual net assets of Edifier Technology Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.86 Billion | +8.96% |
| 2023-12-31 | CN¥2.63 Billion | +11.04% |
| 2022-12-31 | CN¥2.37 Billion | +5.91% |
| 2021-12-31 | CN¥2.23 Billion | +8.00% |
| 2020-12-31 | CN¥2.07 Billion | +10.29% |
| 2019-12-31 | CN¥1.88 Billion | +4.51% |
| 2018-12-31 | CN¥1.80 Billion | +0.67% |
| 2017-12-31 | CN¥1.78 Billion | +0.53% |
| 2016-12-31 | CN¥1.77 Billion | +1.80% |
| 2015-12-31 | CN¥1.74 Billion | +3.68% |
| 2014-12-31 | CN¥1.68 Billion | +3.11% |
| 2013-12-31 | CN¥1.63 Billion | +1.59% |
| 2012-12-31 | CN¥1.60 Billion | +2.43% |
| 2011-12-31 | CN¥1.57 Billion | +2.53% |
| 2010-12-31 | CN¥1.53 Billion | +358.94% |
| 2009-12-31 | CN¥332.86 Million | +47.92% |
| 2008-12-31 | CN¥225.02 Million | +44.43% |
| 2007-12-31 | CN¥155.80 Million | +66.21% |
| 2006-12-31 | CN¥93.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Edifier Technology Co 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 1391.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.26 Billion | 45.27% |
| Common Stock | CN¥889.11 Million | 31.90% |
| Other Comprehensive Income | CN¥207.37 Million | 7.44% |
| Other Components | CN¥428.97 Million | 15.39% |
| Total Equity | CN¥2.79 Billion | 100.00% |
Edifier Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Edifier Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai SK Automation Technology Co. Ltd. A
SHG:688155
|
$641.08 Million |
|
Century Iron And Steel Industrial Co Ltd
TW:9958
|
$641.27 Million |
|
CTT - Correios De Portugal S.A
PINK:CTTOF
|
$641.47 Million |
|
Angang Steel Company Limited
PINK:ANGGF
|
$641.51 Million |
|
Collins Foods Limited
PINK:CLLFF
|
$640.38 Million |
|
Biotest Aktiengesellschaft
PINK:BIESF
|
$640.35 Million |
|
ABCELLERA BIOLOGICS
F:8QQ
|
$640.32 Million |
|
Cyfrowy Polsat S.A
OTCGREY:CYFWF
|
$640.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Edifier Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,541,800,986 to 2,787,155,777, a change of 245,354,791 (9.7%).
- Net income of 449,234,890 contributed positively to equity growth.
- Dividend payments of 177,575,113 reduced retained earnings.
- Share repurchases of 60,236,402 reduced equity.
- Other comprehensive income increased equity by 32,393,786.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥449.23 Million | +16.12% |
| Dividends Paid | CN¥177.58 Million | -6.37% |
| Share Repurchases | CN¥60.24 Million | -2.16% |
| Other Comprehensive Income | CN¥32.39 Million | +1.16% |
| Other Changes | CN¥1.54 Million | +0.06% |
| Total Change | CN¥- | 9.65% |
Book Value vs Market Value Analysis
This analysis compares Edifier Technology Co 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: 3.70x
- 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 83.38x to 3.70x 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¥0.14 | CN¥11.70 | x |
| 2007-12-31 | CN¥0.24 | CN¥11.70 | x |
| 2008-12-31 | CN¥0.34 | CN¥11.70 | x |
| 2009-12-31 | CN¥0.50 | CN¥11.70 | x |
| 2010-12-31 | CN¥3.52 | CN¥11.70 | x |
| 2011-12-31 | CN¥1.75 | CN¥11.70 | x |
| 2012-12-31 | CN¥1.81 | CN¥11.70 | x |
| 2013-12-31 | CN¥1.85 | CN¥11.70 | x |
| 2014-12-31 | CN¥1.86 | CN¥11.70 | x |
| 2015-12-31 | CN¥1.93 | CN¥11.70 | x |
| 2016-12-31 | CN¥2.01 | CN¥11.70 | x |
| 2017-12-31 | CN¥2.02 | CN¥11.70 | x |
| 2018-12-31 | CN¥2.01 | CN¥11.70 | x |
| 2019-12-31 | CN¥2.11 | CN¥11.70 | x |
| 2020-12-31 | CN¥2.32 | CN¥11.70 | x |
| 2021-12-31 | CN¥2.47 | CN¥11.70 | x |
| 2022-12-31 | CN¥2.59 | CN¥11.70 | x |
| 2023-12-31 | CN¥2.85 | CN¥11.70 | x |
| 2024-12-31 | CN¥3.16 | CN¥11.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Edifier Technology Co 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): 16.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.26%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.27x
- Recent ROE (16.12%) is above the historical average (14.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 42.76% | 8.32% | 2.13x | 2.41x | CN¥30.71 Million |
| 2007 | 49.59% | 12.74% | 2.17x | 1.79x | CN¥61.68 Million |
| 2008 | 31.12% | 10.32% | 1.80x | 1.68x | CN¥47.53 Million |
| 2009 | 32.75% | 16.03% | 1.43x | 1.43x | CN¥75.72 Million |
| 2010 | 6.35% | 13.48% | 0.44x | 1.08x | CN¥-55.73 Million |
| 2011 | 6.28% | 11.84% | 0.49x | 1.09x | CN¥-58.24 Million |
| 2012 | 6.08% | 12.30% | 0.46x | 1.09x | CN¥-62.81 Million |
| 2013 | 5.23% | 11.59% | 0.41x | 1.09x | CN¥-77.80 Million |
| 2014 | 5.54% | 13.57% | 0.38x | 1.08x | CN¥-74.38 Million |
| 2015 | 5.88% | 15.23% | 0.35x | 1.10x | CN¥-70.48 Million |
| 2016 | 4.97% | 11.97% | 0.37x | 1.11x | CN¥-87.95 Million |
| 2017 | 6.59% | 12.94% | 0.45x | 1.14x | CN¥-60.21 Million |
| 2018 | 2.99% | 6.06% | 0.44x | 1.11x | CN¥-125.19 Million |
| 2019 | 6.57% | 9.88% | 0.56x | 1.19x | CN¥-64.11 Million |
| 2020 | 13.45% | 14.27% | 0.74x | 1.27x | CN¥70.75 Million |
| 2021 | 14.37% | 13.70% | 0.86x | 1.22x | CN¥95.94 Million |
| 2022 | 10.71% | 11.13% | 0.78x | 1.24x | CN¥16.43 Million |
| 2023 | 16.51% | 15.58% | 0.82x | 1.29x | CN¥165.42 Million |
| 2024 | 16.12% | 15.26% | 0.83x | 1.27x | CN¥170.52 Million |
Industry Comparison
This section compares Edifier Technology Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $2,438,197,327
- Average return on equity (ROE) among peers: 18.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Edifier Technology Co Ltd (002351) | CN¥2.98 Billion | 42.76% | 0.20x | $640.66 Million |
| Konka Group Co Ltd (000016) | $803.11 Million | 33.00% | 2.14x | $834.83 Million |
| Tianma Microelectronics Co Ltd (000050) | $13.25 Billion | 4.19% | 0.63x | $1.46 Billion |
| Guangdong Goworld Co Ltd (000823) | $189.06 Million | 29.67% | 0.83x | $782.76 Million |
| Soyea Technology Co Ltd (000909) | $619.17 Million | 3.70% | 3.31x | $199.78 Million |
| Guangdong AVCiT Tech Hldg Co (001229) | $332.60 Million | 29.11% | 0.18x | $166.04 Million |
| Emdoor Information Co. Ltd. A (001314) | $183.39 Million | 3.34% | 1.39x | $345.23 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $4.74 Billion | 14.54% | 0.43x | $2.26 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $119.38 Million | 29.15% | 0.90x | $150.39 Million |
| Goertek Inc (002241) | $1.71 Billion | 16.17% | 0.92x | $7.92 Billion |