Kingnet Network Co Ltd (002517) - Net Assets
Based on the latest financial reports, Kingnet Network Co Ltd (002517) has net assets worth CN¥10.21 Billion CNY (≈ $1.49 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.17 Billion ≈ $1.93 Billion USD) and total liabilities (CN¥2.95 Billion ≈ $432.30 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 002517 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.21 Billion |
| % of Total Assets | 77.57% |
| Annual Growth Rate | 28.5% |
| 5-Year Change | 117.6% |
| 10-Year Change | 752.34% |
| Growth Volatility | 104.06 |
Kingnet Network Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Kingnet Network Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002517 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Kingnet Network Co Ltd (2007–2024)
The table below shows the annual net assets of Kingnet Network Co Ltd from 2007 to 2024. For live valuation and market cap data, see Kingnet Network Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.55 Billion ≈ $958.00 Million |
+24.98% |
| 2023-12-31 | CN¥5.24 Billion ≈ $766.55 Million |
+15.33% |
| 2022-12-31 | CN¥4.54 Billion ≈ $664.68 Million |
+21.16% |
| 2021-12-31 | CN¥3.75 Billion ≈ $548.60 Million |
+24.61% |
| 2020-12-31 | CN¥3.01 Billion ≈ $440.25 Million |
+3.61% |
| 2019-12-31 | CN¥2.90 Billion ≈ $424.90 Million |
-43.20% |
| 2018-12-31 | CN¥5.11 Billion ≈ $748.09 Million |
+0.79% |
| 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 |
+27.99% |
| 2014-12-31 | CN¥600.11 Million ≈ $87.82 Million |
-8.08% |
| 2013-12-31 | CN¥652.89 Million ≈ $95.54 Million |
+1.19% |
| 2012-12-31 | CN¥645.22 Million ≈ $94.42 Million |
+7.49% |
| 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 |
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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 15470.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.51 Billion | 68.80% |
| Common Stock | CN¥1.52 Billion | 23.14% |
| Other Comprehensive Income | CN¥351.40 Million | 5.37% |
| Other Components | CN¥176.31 Million | 2.69% |
| Total Equity | CN¥6.55 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 |
|---|---|
|
Bio-Rad Laboratories Inc
NYSE:BIO
|
$5.62 Billion |
|
Avanza Bank Holding AB (publ)
ST:AZA
|
$5.63 Billion |
|
United Integrated Services Co Ltd
TW:2404
|
$5.64 Billion |
|
MGIC Investment Corp
NYSE:MTG
|
$5.64 Billion |
|
News Corp B
NASDAQ:NWS
|
$5.62 Billion |
|
Caitong Securities Co Ltd
SHG:601108
|
$5.62 Billion |
|
Yinyi Real Estate Co Ltd
SHE:000981
|
$5.62 Billion |
|
Flagstar Financial, Inc.
NYSE:FLG
|
$5.62 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 2023 to 2024, total equity changed from 5,244,042,212 to 6,547,972,198, a change of 1,303,929,986 (24.9%).
- Net income of 1,628,471,573 contributed positively to equity growth.
- Dividend payments of 425,317,205 reduced retained earnings.
- Other comprehensive income decreased equity by 27,506,856.
- Other factors increased equity by 128,282,474.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.63 Billion | +24.87% |
| Dividends Paid | CN¥425.32 Million | -6.5% |
| Other Comprehensive Income | CN¥-27.51 Million | -0.42% |
| Other Changes | CN¥128.28 Million | +1.96% |
| Total Change | CN¥- | 24.86% |
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: 5.81x
- 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 37.73x to 5.81x 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¥17.98 | x |
| 2008-12-31 | CN¥0.63 | CN¥17.98 | x |
| 2009-12-31 | CN¥0.39 | CN¥17.98 | x |
| 2010-12-31 | CN¥1.45 | CN¥17.98 | x |
| 2011-12-31 | CN¥1.11 | CN¥17.98 | x |
| 2012-12-31 | CN¥1.21 | CN¥17.98 | x |
| 2013-12-31 | CN¥1.43 | CN¥17.98 | x |
| 2014-12-31 | CN¥0.35 | CN¥17.98 | x |
| 2015-12-31 | CN¥0.46 | CN¥17.98 | x |
| 2016-12-31 | CN¥1.66 | CN¥17.98 | x |
| 2017-12-31 | CN¥2.25 | CN¥17.98 | x |
| 2018-12-31 | CN¥2.20 | CN¥17.98 | x |
| 2019-12-31 | CN¥1.32 | CN¥17.98 | x |
| 2020-12-31 | CN¥1.34 | CN¥17.98 | x |
| 2021-12-31 | CN¥1.59 | CN¥17.98 | x |
| 2022-12-31 | CN¥2.14 | CN¥17.98 | x |
| 2023-12-31 | CN¥2.48 | CN¥17.98 | x |
| 2024-12-31 | CN¥3.10 | CN¥17.98 | 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): 24.87%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.82%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.23x
- Recent ROE (24.87%) is above the historical average (15.08%), indicating improving 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 | 9.71% | 18.46% | 0.49x | 1.07x | CN¥-1.88 Million |
| 2013 | 0.70% | 1.31% | 0.41x | 1.29x | CN¥-60.71 Million |
| 2014 | 10.42% | 8.59% | 0.88x | 1.38x | CN¥2.53 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 | 3.63% | 7.64% | 0.38x | 1.26x | CN¥-305.92 Million |
| 2019 | -66.45% | -93.01% | 0.53x | 1.35x | 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¥578.04 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 |
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: $3,688,632,404
- Average return on equity (ROE) among peers: 10.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingnet Network Co Ltd (002517) | CN¥10.21 Billion | 18.19% | 0.29x | $5.62 Billion |
| YOUZU Interactive Co Ltd (002174) | $71.56 Million | 15.85% | 0.70x | $1.47 Billion |
| Dalian Zeus Entertainment (002354) | $484.27 Million | 5.47% | 0.82x | $1.50 Billion |
| Kaiser China Holding Co Ltd (002425) | $1.05 Billion | 3.56% | 0.18x | $498.37 Million |
| 37 Interactive Entertainment Network Technology Group Co Ltd (002555) | $10.86 Billion | 26.49% | 0.33x | $6.94 Billion |
| Giant Network Group Co Ltd (002558) | $9.52 Billion | 10.80% | 0.14x | $9.29 Billion |
| Zhejiang Century Huatong Group Co Ltd (002602) | $1.59 Billion | 5.88% | 0.19x | $17.40 Billion |
| Shenzhen Zqgame (300052) | $896.71 Million | 3.69% | 0.04x | $449.47 Million |
| Hangzhou Shunwang Tech (300113) | $3.19 Billion | 16.04% | 0.25x | $2.53 Billion |
| Ourpalm (300315) | $5.53 Billion | 5.73% | 0.12x | $1.99 Billion |
About Kingnet Network Co Ltd
Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations. The company offers and operates game brands and Ips, include That Time I Got Reincarnated as a Slime: New World (IP-licensed strategy game), Mecha Party (VR multiplayer competitive game, available on PlayStation and Steam), Gods of War: Shadow Princess (MMO game for iOS and Android in Hong … Read more