Xiamen Comfort Science&Technology Group Co Ltd (002614) - Net Assets
Based on the latest financial reports, Xiamen Comfort Science&Technology Group Co Ltd (002614) has net assets worth CN¥4.44 Billion CNY (≈ $649.01 Million 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¥7.61 Billion ≈ $1.11 Billion USD) and total liabilities (CN¥3.18 Billion ≈ $464.64 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 how resilient are Xiamen Comfort Science&Technology Group 's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.44 Billion |
| % of Total Assets | 58.28% |
| Annual Growth Rate | 20.57% |
| 5-Year Change | -5.68% |
| 10-Year Change | 91.36% |
| Growth Volatility | 93.89 |
Xiamen Comfort Science&Technology Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Xiamen Comfort Science&Technology Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xiamen Comfort Science&Technology Group (002614) total assets for the complete picture of this company's asset base.
Annual Net Assets for Xiamen Comfort Science&Technology Group Co Ltd (2007–2024)
The table below shows the annual net assets of Xiamen Comfort Science&Technology Group Co Ltd from 2007 to 2024. For live valuation and market cap data, see market value of Xiamen Comfort Science&Technology Group .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.47 Billion ≈ $653.65 Million |
-2.97% |
| 2023-12-31 | CN¥4.60 Billion ≈ $673.68 Million |
-4.47% |
| 2022-12-31 | CN¥4.82 Billion ≈ $705.22 Million |
-5.32% |
| 2021-12-31 | CN¥5.09 Billion ≈ $744.82 Million |
+7.47% |
| 2020-12-31 | CN¥4.74 Billion ≈ $693.02 Million |
+39.51% |
| 2019-12-31 | CN¥3.39 Billion ≈ $496.74 Million |
+3.38% |
| 2018-12-31 | CN¥3.28 Billion ≈ $480.52 Million |
+12.84% |
| 2017-12-31 | CN¥2.91 Billion ≈ $425.83 Million |
+13.80% |
| 2016-12-31 | CN¥2.56 Billion ≈ $374.21 Million |
+9.56% |
| 2015-12-31 | CN¥2.33 Billion ≈ $341.57 Million |
+6.95% |
| 2014-12-31 | CN¥2.18 Billion ≈ $319.39 Million |
+5.14% |
| 2013-12-31 | CN¥2.08 Billion ≈ $303.79 Million |
+4.01% |
| 2012-12-31 | CN¥2.00 Billion ≈ $292.08 Million |
-0.75% |
| 2011-12-31 | CN¥2.01 Billion ≈ $294.30 Million |
+405.97% |
| 2010-12-31 | CN¥397.50 Million ≈ $58.17 Million |
+32.19% |
| 2009-12-31 | CN¥300.71 Million ≈ $44.00 Million |
+38.26% |
| 2008-12-31 | CN¥217.49 Million ≈ $31.83 Million |
+17.11% |
| 2007-12-31 | CN¥185.72 Million ≈ $27.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xiamen Comfort Science&Technology Group 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 2930.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.96 Billion | 44.23% |
| Common Stock | CN¥623.48 Million | 14.06% |
| Other Components | CN¥1.85 Billion | 41.71% |
| Total Equity | CN¥4.43 Billion | 100.00% |
Xiamen Comfort Science&Technology Group Co Ltd Competitors by Market Cap
The table below lists competitors of Xiamen Comfort Science&Technology Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Natural Outdoor Goods Inc.
SHG:605080
|
$525.87 Million |
|
Xin Hee Co Ltd
SHE:003016
|
$526.13 Million |
|
Sterling and Wilson Renewable Energy Limited
NSE:SWSOLAR
|
$526.17 Million |
|
Hunan Resun Co Ltd
SHE:001218
|
$526.33 Million |
|
Tianjin Binhai Energy & Development Co Ltd
SHE:000695
|
$525.65 Million |
|
TINC Comm VA
BR:TINC
|
$525.58 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$525.39 Million |
|
Rigel Pharmaceuticals Inc
NASDAQ:RIGL
|
$525.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiamen Comfort Science&Technology Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,579,260,000 to 4,433,152,870, a change of -146,107,130 (-3.2%).
- Net income of 64,238,682 contributed positively to equity growth.
- Dividend payments of 210,320,971 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥64.24 Million | +1.45% |
| Dividends Paid | CN¥210.32 Million | -4.74% |
| Other Changes | CN¥-24.84K | -0.0% |
| Total Change | CN¥- | -3.19% |
Book Value vs Market Value Analysis
This analysis compares Xiamen Comfort Science&Technology Group 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: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 13.81x to 0.83x 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¥0.42 | CN¥5.76 | x |
| 2008-12-31 | CN¥0.54 | CN¥5.76 | x |
| 2009-12-31 | CN¥0.74 | CN¥5.76 | x |
| 2010-12-31 | CN¥0.98 | CN¥5.76 | x |
| 2011-12-31 | CN¥4.58 | CN¥5.76 | x |
| 2012-12-31 | CN¥3.69 | CN¥5.76 | x |
| 2013-12-31 | CN¥3.83 | CN¥5.76 | x |
| 2014-12-31 | CN¥4.04 | CN¥5.76 | x |
| 2015-12-31 | CN¥4.23 | CN¥5.76 | x |
| 2016-12-31 | CN¥4.52 | CN¥5.76 | x |
| 2017-12-31 | CN¥5.16 | CN¥5.76 | x |
| 2018-12-31 | CN¥5.68 | CN¥5.76 | x |
| 2019-12-31 | CN¥5.87 | CN¥5.76 | x |
| 2020-12-31 | CN¥6.95 | CN¥5.76 | x |
| 2021-12-31 | CN¥7.16 | CN¥5.76 | x |
| 2022-12-31 | CN¥7.30 | CN¥5.76 | x |
| 2023-12-31 | CN¥7.54 | CN¥5.76 | x |
| 2024-12-31 | CN¥6.90 | CN¥5.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiamen Comfort Science&Technology Group 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): 1.45%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.33%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.71x
- Recent ROE (1.45%) is below the historical average (13.34%), 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 | 52.22% | 8.11% | 1.92x | 3.35x | CN¥71.29 Million |
| 2008 | 21.16% | 3.87% | 1.86x | 2.94x | CN¥24.27 Million |
| 2009 | 31.25% | 7.21% | 1.49x | 2.91x | CN¥63.90 Million |
| 2010 | 38.51% | 8.37% | 1.73x | 2.66x | CN¥113.33 Million |
| 2011 | 6.88% | 7.34% | 0.72x | 1.31x | CN¥-62.68 Million |
| 2012 | 1.38% | 1.55% | 0.66x | 1.35x | CN¥-171.66 Million |
| 2013 | 5.05% | 4.68% | 0.70x | 1.55x | CN¥-102.38 Million |
| 2014 | 6.44% | 4.99% | 0.85x | 1.53x | CN¥-77.66 Million |
| 2015 | 7.81% | 6.38% | 0.72x | 1.70x | CN¥-50.70 Million |
| 2016 | 9.95% | 7.27% | 0.78x | 1.74x | CN¥-1.26 Million |
| 2017 | 12.01% | 8.04% | 0.89x | 1.68x | CN¥57.82 Million |
| 2018 | 13.61% | 8.06% | 0.92x | 1.84x | CN¥116.52 Million |
| 2019 | 8.69% | 5.48% | 0.86x | 1.85x | CN¥-43.49 Million |
| 2020 | 9.79% | 6.22% | 0.79x | 2.00x | CN¥-9.63 Million |
| 2021 | 9.49% | 5.78% | 0.86x | 1.92x | CN¥-24.52 Million |
| 2022 | 2.19% | 1.69% | 0.69x | 1.87x | CN¥-363.72 Million |
| 2023 | 2.25% | 2.05% | 0.63x | 1.75x | CN¥-354.72 Million |
| 2024 | 1.45% | 1.33% | 0.64x | 1.71x | CN¥-379.08 Million |
Industry Comparison
This section compares Xiamen Comfort Science&Technology Group Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $503,034,122
- Average return on equity (ROE) among peers: 11.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | CN¥4.44 Billion | 52.22% | 0.72x | $525.73 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.99 Billion | 0.00% | 0.00x | $413.48 Million |
| HL Corp Shenzhen (002105) | $591.20 Million | 0.88% | 1.49x | $363.89 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $242.83 Million | 29.80% | 0.28x | $1.54 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $130.36 Million | 29.94% | 0.93x | $614.35 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $2.45 Billion | 23.39% | 0.62x | $1.25 Billion |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.23 Billion | 5.10% | 0.29x | $1.19 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $541.86 Million | 8.01% | 0.09x | $455.54 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $1.08 Billion | 3.65% | 0.26x | $730.57 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.76 Billion | 0.00% | 0.00x | $66.51 Million |
About Xiamen Comfort Science&Technology Group Co Ltd
Xiamen Comfort Science&Technology Group Co., Ltd researches, develops, manufactures, and sells health massage appliances in China and internationally. The company offers massage chairs and appliances; fresh air systems and air purifiers;and other products. It offers its products under the OGAWA, FUJI, IHOCO, medisana, BRI, cozzia, joypal, EASEWELL, and MICODE brand names. The company was founded … Read more