Zhejiang Aishida Electric Co Ltd
Aishida Co., Ltd engages in the research, development, manufacture, and sale of cookware and kitchen electric appliances worldwide. It offers cookware, such as wok, frying pan, soup and milk pots, pressure cooker, and steamers; household appliances, including electric rice cooker, induction cooker, electric pressure cooker, electric kettle, blenders, etc; household items, such as kettles, thermos… Read more
Zhejiang Aishida Electric Co Ltd (002403) - Net Assets
Latest net assets as of September 2025: CN¥1.57 Billion CNY
Based on the latest financial reports, Zhejiang Aishida Electric Co Ltd (002403) has net assets worth CN¥1.57 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¥4.75 Billion) and total liabilities (CN¥3.18 Billion). 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¥1.57 Billion |
| % of Total Assets | 33.09% |
| Annual Growth Rate | 12.81% |
| 5-Year Change | -27.97% |
| 10-Year Change | -1.97% |
| Growth Volatility | 65.43 |
Zhejiang Aishida Electric Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Zhejiang Aishida Electric 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 Zhejiang Aishida Electric Co Ltd (2006–2024)
The table below shows the annual net assets of Zhejiang Aishida Electric Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.63 Billion | -0.54% |
| 2023-12-31 | CN¥1.64 Billion | -19.89% |
| 2022-12-31 | CN¥2.05 Billion | -5.74% |
| 2021-12-31 | CN¥2.18 Billion | -4.09% |
| 2020-12-31 | CN¥2.27 Billion | +4.58% |
| 2019-12-31 | CN¥2.17 Billion | -3.42% |
| 2018-12-31 | CN¥2.25 Billion | +0.24% |
| 2017-12-31 | CN¥2.24 Billion | +4.47% |
| 2016-12-31 | CN¥2.15 Billion | +28.68% |
| 2015-12-31 | CN¥1.67 Billion | +0.02% |
| 2014-12-31 | CN¥1.67 Billion | -0.28% |
| 2013-12-31 | CN¥1.67 Billion | +3.05% |
| 2012-12-31 | CN¥1.62 Billion | +2.15% |
| 2011-12-31 | CN¥1.59 Billion | +1.49% |
| 2010-12-31 | CN¥1.56 Billion | +285.08% |
| 2009-12-31 | CN¥406.40 Million | +27.79% |
| 2008-12-31 | CN¥318.01 Million | +34.16% |
| 2007-12-31 | CN¥237.05 Million | +26.98% |
| 2006-12-31 | CN¥186.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Aishida Electric 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 86.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥192.40 Million | 11.59% |
| Common Stock | CN¥340.64 Million | 20.52% |
| Other Components | CN¥1.13 Billion | 67.89% |
| Total Equity | CN¥1.66 Billion | 100.00% |
Zhejiang Aishida Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Aishida Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangnan Yifan Motor Co.Ltd
SHE:301023
|
$199.83 Million |
|
BingEx Ltd
NASDAQ:FLX
|
$199.88 Million |
|
Nevro Corp
NYSE:NVRO
|
$199.88 Million |
|
Coremax Corp
TW:4739
|
$199.94 Million |
|
Soyea Technology Co Ltd
SHE:000909
|
$199.78 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$199.70 Million |
|
Linklogis Inc.
PINK:LNKLF
|
$199.68 Million |
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
$199.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Aishida Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,672,327,661 to 1,660,171,216, a change of -12,156,445 (-0.7%).
- Net income of 15,070,898 contributed positively to equity growth.
- Dividend payments of 60,414,602 reduced retained earnings.
- Other factors increased equity by 33,187,260.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥15.07 Million | +0.91% |
| Dividends Paid | CN¥60.41 Million | -3.64% |
| Other Changes | CN¥33.19 Million | +2.0% |
| Total Change | CN¥- | -0.73% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Aishida Electric 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: 2.35x
- 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 15.12x to 2.35x 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¥0.76 | CN¥11.45 | x |
| 2007-12-31 | CN¥0.97 | CN¥11.45 | x |
| 2008-12-31 | CN¥1.30 | CN¥11.45 | x |
| 2009-12-31 | CN¥1.67 | CN¥11.45 | x |
| 2010-12-31 | CN¥5.52 | CN¥11.45 | x |
| 2011-12-31 | CN¥4.97 | CN¥11.45 | x |
| 2012-12-31 | CN¥5.12 | CN¥11.45 | x |
| 2013-12-31 | CN¥5.25 | CN¥11.45 | x |
| 2014-12-31 | CN¥5.31 | CN¥11.45 | x |
| 2015-12-31 | CN¥5.29 | CN¥11.45 | x |
| 2016-12-31 | CN¥6.29 | CN¥11.45 | x |
| 2017-12-31 | CN¥6.27 | CN¥11.45 | x |
| 2018-12-31 | CN¥6.27 | CN¥11.45 | x |
| 2019-12-31 | CN¥6.17 | CN¥11.45 | x |
| 2020-12-31 | CN¥6.60 | CN¥11.45 | x |
| 2021-12-31 | CN¥6.36 | CN¥11.45 | x |
| 2022-12-31 | CN¥6.04 | CN¥11.45 | x |
| 2023-12-31 | CN¥4.91 | CN¥11.45 | x |
| 2024-12-31 | CN¥4.87 | CN¥11.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Aishida Electric 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): 0.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.52%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.89x
- Recent ROE (0.91%) is below the historical average (6.55%), 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 | 26.42% | 3.47% | 1.07x | 7.11x | CN¥29.34 Million |
| 2007 | 26.91% | 4.16% | 1.33x | 4.86x | CN¥38.57 Million |
| 2008 | 24.81% | 4.33% | 1.40x | 4.08x | CN¥44.92 Million |
| 2009 | 21.65% | 5.27% | 1.15x | 3.57x | CN¥45.11 Million |
| 2010 | 4.04% | 3.04% | 0.99x | 1.35x | CN¥-91.86 Million |
| 2011 | 3.87% | 2.73% | 1.05x | 1.35x | CN¥-95.16 Million |
| 2012 | 1.95% | 1.60% | 0.84x | 1.46x | CN¥-127.45 Million |
| 2013 | 2.64% | 2.01% | 0.90x | 1.46x | CN¥-119.82 Million |
| 2014 | 4.90% | 3.69% | 0.82x | 1.63x | CN¥-84.69 Million |
| 2015 | 6.80% | 5.06% | 0.82x | 1.64x | CN¥-53.35 Million |
| 2016 | 6.52% | 5.39% | 0.74x | 1.64x | CN¥-73.25 Million |
| 2017 | 7.82% | 5.62% | 0.71x | 1.96x | CN¥-48.14 Million |
| 2018 | 6.70% | 4.56% | 0.70x | 2.10x | CN¥-73.38 Million |
| 2019 | 5.99% | 3.64% | 0.68x | 2.43x | CN¥-86.12 Million |
| 2020 | 4.57% | 3.55% | 0.53x | 2.45x | CN¥-122.00 Million |
| 2021 | -4.62% | -2.85% | 0.60x | 2.72x | CN¥-316.56 Million |
| 2022 | -4.77% | -3.34% | 0.57x | 2.53x | CN¥-303.68 Million |
| 2023 | -22.63% | -15.40% | 0.52x | 2.81x | CN¥-545.63 Million |
| 2024 | 0.91% | 0.52% | 0.61x | 2.89x | CN¥-150.95 Million |
Industry Comparison
This section compares Zhejiang Aishida Electric Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $10,058,927,739
- Average return on equity (ROE) among peers: 4.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Aishida Electric Co Ltd (002403) | CN¥1.57 Billion | 26.42% | 2.02x | $199.80 Million |
| Suning Commerce Group Co Ltd (002024) | $69.92 Billion | 1.01% | 0.96x | $649.12 Million |
| Haining China Leather Market Co Ltd (002344) | $7.19 Billion | 7.65% | 0.83x | $367.17 Million |
| Shenzhen Aisidi Co Ltd (002416) | $5.55 Billion | 6.83% | 1.25x | $1.15 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $707.02 Million | 5.17% | 0.56x | $252.26 Million |
| Doctorglasses Chain Co Ltd (300622) | $217.01 Million | 15.15% | 0.20x | $467.95 Million |
| BYBON Group Co Ltd Class A (300736) | $271.02 Million | -34.30% | 0.28x | $229.54 Million |
| Kidswant Children Products Co.Ltd. (301078) | $1.70 Billion | 22.21% | 1.56x | $963.40 Million |
| Hangzhou Tianyuan Pet Products Co. Ltd. A (301335) | $1.86 Billion | 2.47% | 0.44x | $166.94 Million |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $3.12 Billion | 13.23% | 0.79x | $193.38 Million |