Fujian Snowman Co Ltd (002639) - Net Assets
Based on the latest financial reports, Fujian Snowman Co Ltd (002639) has net assets worth CN¥2.54 Billion CNY (≈ $371.18 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¥4.94 Billion ≈ $722.34 Million USD) and total liabilities (CN¥2.40 Billion ≈ $351.16 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 002639 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.54 Billion |
| % of Total Assets | 51.39% |
| Annual Growth Rate | 17.24% |
| 5-Year Change | 15.86% |
| 10-Year Change | 50.93% |
| Growth Volatility | 61.18 |
Fujian Snowman Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Fujian Snowman Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Fujian Snowman Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Fujian Snowman Co Ltd (2008–2024)
The table below shows the annual net assets of Fujian Snowman Co Ltd from 2008 to 2024. For live valuation and market cap data, see how much is Fujian Snowman Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.50 Billion ≈ $365.14 Million |
+0.91% |
| 2023-12-31 | CN¥2.47 Billion ≈ $361.83 Million |
-0.76% |
| 2022-12-31 | CN¥2.49 Billion ≈ $364.62 Million |
-7.23% |
| 2021-12-31 | CN¥2.69 Billion ≈ $393.03 Million |
+24.71% |
| 2020-12-31 | CN¥2.15 Billion ≈ $315.14 Million |
-8.23% |
| 2019-12-31 | CN¥2.35 Billion ≈ $343.42 Million |
+1.45% |
| 2018-12-31 | CN¥2.31 Billion ≈ $338.51 Million |
+1.68% |
| 2017-12-31 | CN¥2.27 Billion ≈ $332.90 Million |
-2.77% |
| 2016-12-31 | CN¥2.34 Billion ≈ $342.38 Million |
+41.52% |
| 2015-12-31 | CN¥1.65 Billion ≈ $241.93 Million |
+36.23% |
| 2014-12-31 | CN¥1.21 Billion ≈ $177.58 Million |
+2.33% |
| 2013-12-31 | CN¥1.19 Billion ≈ $173.55 Million |
+3.08% |
| 2012-12-31 | CN¥1.15 Billion ≈ $168.36 Million |
+4.31% |
| 2011-12-31 | CN¥1.10 Billion ≈ $161.41 Million |
+254.78% |
| 2010-12-31 | CN¥310.91 Million ≈ $45.50 Million |
+24.57% |
| 2009-12-31 | CN¥249.59 Million ≈ $36.52 Million |
+27.47% |
| 2008-12-31 | CN¥195.80 Million ≈ $28.65 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Fujian Snowman 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 decreased by 545.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥772.60 Million | 31.32% |
| Other Comprehensive Income | CN¥103.79 Million | 4.21% |
| Other Components | CN¥1.87 Billion | 75.80% |
| Total Equity | CN¥2.47 Billion | 100.00% |
Fujian Snowman Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Snowman Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scientech Corp
TW:3583
|
$2.00 Billion |
|
Ratnamani Metals & Tubes Limited
NSE:RATNAMANI
|
$2.00 Billion |
|
Innergex Renewable Energy Inc.
TO:INE
|
$2.01 Billion |
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
$2.01 Billion |
|
Shenzhen Bluetrum Technology Co. Ltd. A
SHG:688332
|
$2.00 Billion |
|
Dunelm Group plc
F:DFQ
|
$2.00 Billion |
|
Ningbo Tip Rubber Technology Co Ltd
SHG:605255
|
$2.00 Billion |
|
Sinosoft Co Ltd
SHG:603927
|
$2.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Snowman Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,459,767,970 to 2,466,964,329, a change of 7,196,359 (0.3%).
- Net income of 35,994,943 contributed positively to equity growth.
- Dividend payments of 33,444,671 reduced retained earnings.
- Other comprehensive income increased equity by 1,417,610.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥35.99 Million | +1.46% |
| Dividends Paid | CN¥33.44 Million | -1.36% |
| Other Comprehensive Income | CN¥1.42 Million | +0.06% |
| Other Changes | CN¥3.23 Million | +0.13% |
| Total Change | CN¥- | 0.29% |
Book Value vs Market Value Analysis
This analysis compares Fujian Snowman 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: 5.55x
- 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 27.82x to 5.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.64 | CN¥17.72 | x |
| 2009-12-31 | CN¥0.70 | CN¥17.72 | x |
| 2010-12-31 | CN¥0.87 | CN¥17.72 | x |
| 2011-12-31 | CN¥2.96 | CN¥17.72 | x |
| 2012-12-31 | CN¥2.39 | CN¥17.72 | x |
| 2013-12-31 | CN¥2.43 | CN¥17.72 | x |
| 2014-12-31 | CN¥2.81 | CN¥17.72 | x |
| 2015-12-31 | CN¥2.87 | CN¥17.72 | x |
| 2016-12-31 | CN¥3.44 | CN¥17.72 | x |
| 2017-12-31 | CN¥3.38 | CN¥17.72 | x |
| 2018-12-31 | CN¥3.35 | CN¥17.72 | x |
| 2019-12-31 | CN¥3.41 | CN¥17.72 | x |
| 2020-12-31 | CN¥3.14 | CN¥17.72 | x |
| 2021-12-31 | CN¥3.44 | CN¥17.72 | x |
| 2022-12-31 | CN¥3.20 | CN¥17.72 | x |
| 2023-12-31 | CN¥3.18 | CN¥17.72 | x |
| 2024-12-31 | CN¥3.19 | CN¥17.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Snowman 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): 1.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.58%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.80x
- Recent ROE (1.46%) is below the historical average (4.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 31.40% | 32.37% | 0.76x | 1.27x | CN¥41.90 Million |
| 2009 | 28.22% | 35.29% | 0.60x | 1.32x | CN¥45.46 Million |
| 2010 | 25.75% | 30.10% | 0.64x | 1.33x | CN¥48.96 Million |
| 2011 | 7.77% | 28.37% | 0.25x | 1.11x | CN¥-24.62 Million |
| 2012 | 5.99% | 24.05% | 0.24x | 1.05x | CN¥-46.03 Million |
| 2013 | 3.71% | 11.21% | 0.27x | 1.23x | CN¥-73.28 Million |
| 2014 | -0.71% | -1.93% | 0.23x | 1.63x | CN¥-122.70 Million |
| 2015 | 1.05% | 2.58% | 0.26x | 1.58x | CN¥-141.72 Million |
| 2016 | 1.45% | 4.08% | 0.24x | 1.46x | CN¥-194.32 Million |
| 2017 | -2.66% | -6.29% | 0.27x | 1.57x | CN¥-280.26 Million |
| 2018 | 0.68% | 1.18% | 0.33x | 1.75x | CN¥-209.99 Million |
| 2019 | 2.48% | 3.76% | 0.38x | 1.75x | CN¥-172.86 Million |
| 2020 | -8.57% | -12.42% | 0.37x | 1.87x | CN¥-392.55 Million |
| 2021 | -4.27% | -5.64% | 0.43x | 1.75x | CN¥-378.77 Million |
| 2022 | -8.20% | -10.31% | 0.43x | 1.83x | CN¥-450.11 Million |
| 2023 | -0.68% | -0.83% | 0.44x | 1.87x | CN¥-262.76 Million |
| 2024 | 1.46% | 1.58% | 0.51x | 1.80x | CN¥-210.70 Million |
Industry Comparison
This section compares Fujian Snowman Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Snowman Co Ltd (002639) | CN¥2.54 Billion | 31.40% | 0.95x | $2.00 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Fujian Snowman Co Ltd
Fujian Snowman Group Co., Ltd. engages in the design, research and development, production, and sale of ice-making, storage, and delivery equipment and systems in China and internationally. The company provides screw and reciprocating compressors; and ice machines, monoblocks, heat exchangers, pressure vessels, power plants, hydrogen fuel cell air compressor series, and SCA air series. It also of… Read more