Kingnet Network Co Ltd (002517) - Net Assets
Based on the latest financial reports, Kingnet Network Co Ltd (002517) has net assets worth CN¥10.39 Billion CNY (≈ $1.52 Billion 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¥13.40 Billion ≈ $1.96 Billion USD) and total liabilities (CN¥3.01 Billion ≈ $439.97 Million 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 tangible equity quality of Kingnet Network Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.39 Billion |
| % of Total Assets | 77.56% |
| Annual Growth Rate | 29.67% |
| 5-Year Change | 164.06% |
| 10-Year Change | 192.23% |
| Growth Volatility | 392.85 |
Kingnet Network Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Kingnet Network Co Ltd's net assets have evolved over time, based on quarterly financial data. See Kingnet Network Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kingnet Network Co Ltd (2007–2025)
The table below shows the annual net assets of Kingnet Network Co Ltd from 2007 to 2025. For live valuation and market cap data, see Kingnet Network Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.90 Billion ≈ $1.45 Billion |
+51.22% |
| 2024-12-31 | CN¥6.55 Billion ≈ $958.00 Million |
+24.98% |
| 2023-12-31 | CN¥5.24 Billion ≈ $766.55 Million |
+15.34% |
| 2022-12-31 | CN¥4.54 Billion ≈ $664.62 Million |
+21.15% |
| 2021-12-31 | CN¥3.75 Billion ≈ $548.60 Million |
+24.61% |
| 2020-12-31 | CN¥3.01 Billion ≈ $440.25 Million |
+4.85% |
| 2019-12-31 | CN¥2.87 Billion ≈ $419.89 Million |
-43.56% |
| 2018-12-31 | CN¥5.08 Billion ≈ $743.95 Million |
+0.24% |
| 2017-12-31 | CN¥5.07 Billion ≈ $742.20 Million |
+49.72% |
| 2016-12-31 | CN¥3.39 Billion ≈ $495.73 Million |
+341.05% |
| 2015-12-31 | CN¥768.10 Million ≈ $112.40 Million |
+1697.40% |
| 2014-12-31 | CN¥42.73 Million ≈ $6.25 Million |
-93.45% |
| 2013-12-31 | CN¥652.89 Million ≈ $95.54 Million |
+0.71% |
| 2012-12-31 | CN¥648.32 Million ≈ $94.87 Million |
+8.01% |
| 2011-12-31 | CN¥600.26 Million ≈ $87.84 Million |
+2.24% |
| 2010-12-31 | CN¥587.09 Million ≈ $85.91 Million |
+316.46% |
| 2009-12-31 | CN¥140.97 Million ≈ $20.63 Million |
+15.59% |
| 2008-12-31 | CN¥121.96 Million ≈ $17.85 Million |
+32.41% |
| 2007-12-31 | CN¥92.11 Million ≈ $13.48 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Kingnet Network 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 20931.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.09 Billion | 61.45% |
| Other Components | CN¥3.82 Billion | 38.55% |
| Total Equity | CN¥9.90 Billion | 100.00% |
Kingnet Network Co Ltd Competitors by Market Cap
The table below lists competitors of Kingnet Network Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Housing & Urban Development Corporation Limited
NSE:HUDCO
|
$4.61 Billion |
|
Bumrungrad Hospital Public Company Limited
BK:BH-R
|
$4.61 Billion |
|
Guoyuan Securities Co Ltd
SHE:000728
|
$4.61 Billion |
|
Liontown Resources Ltd
AU:LTR
|
$4.61 Billion |
|
Cavco Industries Inc
NASDAQ:CVCO
|
$4.60 Billion |
|
Union Bank of Taiwan Pref
TW:2838A
|
$4.60 Billion |
|
EZconn Corp
TW:6442
|
$4.60 Billion |
|
Shenzhen O-Film Tech Co Ltd
SHE:002456
|
$4.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingnet Network Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,547,972,198 to 9,902,132,297, a change of 3,354,160,099 (51.2%).
- Net income of 1,903,626,612 contributed positively to equity growth.
- Dividend payments of 213,644,323 reduced retained earnings.
- Other comprehensive income decreased equity by 351,396,686.
- Other factors increased equity by 2,015,574,496.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.90 Billion | +19.22% |
| Dividends Paid | CN¥213.64 Million | -2.16% |
| Other Comprehensive Income | CN¥-351.40 Million | -3.55% |
| Other Changes | CN¥2.02 Billion | +20.35% |
| Total Change | CN¥- | 51.22% |
Book Value vs Market Value Analysis
This analysis compares Kingnet Network 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: 3.18x
- 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 30.91x to 3.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.48 | CN¥14.73 | x |
| 2008-12-31 | CN¥0.63 | CN¥14.73 | x |
| 2009-12-31 | CN¥0.39 | CN¥14.73 | x |
| 2010-12-31 | CN¥1.45 | CN¥14.73 | x |
| 2011-12-31 | CN¥1.11 | CN¥14.73 | x |
| 2012-12-31 | CN¥1.22 | CN¥14.73 | x |
| 2013-12-31 | CN¥1.43 | CN¥14.73 | x |
| 2014-12-31 | CN¥0.03 | CN¥14.73 | x |
| 2015-12-31 | CN¥0.46 | CN¥14.73 | x |
| 2016-12-31 | CN¥1.66 | CN¥14.73 | x |
| 2017-12-31 | CN¥2.25 | CN¥14.73 | x |
| 2018-12-31 | CN¥2.19 | CN¥14.73 | x |
| 2019-12-31 | CN¥1.31 | CN¥14.73 | x |
| 2020-12-31 | CN¥1.34 | CN¥14.73 | x |
| 2021-12-31 | CN¥1.59 | CN¥14.73 | x |
| 2022-12-31 | CN¥2.14 | CN¥14.73 | x |
| 2023-12-31 | CN¥2.48 | CN¥14.73 | x |
| 2024-12-31 | CN¥3.10 | CN¥14.73 | x |
| 2025-12-31 | CN¥4.63 | CN¥14.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingnet Network 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): 19.22%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.75%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.32x
- Recent ROE (19.22%) is below the historical average (22.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 18.19% | 7.21% | 0.84x | 3.00x | CN¥7.54 Million |
| 2008 | 20.74% | 8.33% | 0.86x | 2.89x | CN¥13.10 Million |
| 2009 | 23.96% | 10.35% | 1.13x | 2.06x | CN¥19.68 Million |
| 2010 | 6.45% | 10.69% | 0.56x | 1.08x | CN¥-20.84 Million |
| 2011 | 6.61% | 10.12% | 0.62x | 1.06x | CN¥-20.34 Million |
| 2012 | 9.66% | 18.46% | 0.49x | 1.07x | CN¥-2.19 Million |
| 2013 | 0.70% | 1.31% | 0.41x | 1.31x | CN¥-60.71 Million |
| 2014 | 146.50% | 8.59% | 1.22x | 14.00x | CN¥58.27 Million |
| 2015 | 85.24% | 27.99% | 1.73x | 1.76x | CN¥577.98 Million |
| 2016 | 20.10% | 25.06% | 0.67x | 1.20x | CN¥342.55 Million |
| 2017 | 33.38% | 51.38% | 0.51x | 1.27x | CN¥1.13 Billion |
| 2018 | 3.64% | 7.64% | 0.38x | 1.26x | CN¥-304.27 Million |
| 2019 | -67.18% | -93.01% | 0.53x | 1.37x | CN¥-2.18 Billion |
| 2020 | 6.16% | 11.53% | 0.44x | 1.23x | CN¥-110.97 Million |
| 2021 | 16.93% | 24.28% | 0.54x | 1.29x | CN¥236.14 Million |
| 2022 | 22.93% | 27.52% | 0.64x | 1.29x | CN¥578.08 Million |
| 2023 | 27.87% | 34.03% | 0.65x | 1.26x | CN¥937.31 Million |
| 2024 | 24.87% | 31.82% | 0.64x | 1.23x | CN¥973.67 Million |
| 2025 | 19.22% | 35.75% | 0.41x | 1.32x | CN¥913.41 Million |
Industry Comparison
This section compares Kingnet Network Co Ltd's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $3,933,727,940
- Average return on equity (ROE) among peers: 13.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingnet Network Co Ltd (002517) | CN¥10.39 Billion | 18.19% | 0.29x | $4.61 Billion |
| YOUZU Interactive Co Ltd (002174) | $896.04 Million | 46.27% | 0.54x | $1.69 Billion |
| Dalian Zeus Entertainment (002354) | $2.40 Billion | -11.76% | 0.15x | $1.76 Billion |
| Kaiser China Holding Co Ltd (002425) | $3.46 Billion | 4.39% | 0.22x | $396.17 Million |
| 37 Interactive Entertainment Network Technology Group Co Ltd (002555) | $13.67 Billion | 21.22% | 0.63x | $5.77 Billion |
| Giant Network Group Co Ltd (002558) | $11.90 Billion | 7.15% | 0.11x | $6.87 Billion |
| Zhejiang Century Huatong Group Co Ltd (002602) | $1.65 Billion | 4.93% | 0.26x | $14.40 Billion |
| Beijing Ultrapower Software (300002) | $233.69 Million | 51.58% | 0.63x | $2.18 Billion |
| Shenzhen Zqgame (300052) | $387.42 Million | -13.61% | 1.15x | $470.55 Million |
| Hangzhou Shunwang Tech (300113) | $808.30 Million | 11.40% | 0.11x | $2.02 Billion |
About Kingnet Network Co Ltd
Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations in China and internationally. The company offers and operates game brands and Ips, including Gods of War: Shadow Princess (MMO game for iOS and Android in Hong Kong, Macau, and Taiwan), Original Legend, Angel War, Eternal Alliance, Chinese Paladin (A New Beginning), Mobile Suit Gundam Series… Read more