Shanghai Kangda New Materials Co Ltd (002669) - Net Assets
Based on the latest financial reports, Shanghai Kangda New Materials Co Ltd (002669) has net assets worth CN¥2.89 Billion CNY (≈ $422.57 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¥8.50 Billion ≈ $1.24 Billion USD) and total liabilities (CN¥5.61 Billion ≈ $820.82 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 Shanghai Kangda New Materials Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.89 Billion |
| % of Total Assets | 33.99% |
| Annual Growth Rate | 25.78% |
| 5-Year Change | 23.65% |
| 10-Year Change | 303.16% |
| Growth Volatility | 39.66 |
Shanghai Kangda New Materials Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shanghai Kangda New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Kangda New Materials Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Kangda New Materials Co Ltd (2008–2024)
The table below shows the annual net assets of Shanghai Kangda New Materials Co Ltd from 2008 to 2024. For live valuation and market cap data, see Shanghai Kangda New Materials Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.91 Billion ≈ $425.20 Million |
-12.19% |
| 2023-12-31 | CN¥3.31 Billion ≈ $484.24 Million |
+5.29% |
| 2022-12-31 | CN¥3.14 Billion ≈ $459.90 Million |
+37.17% |
| 2021-12-31 | CN¥2.29 Billion ≈ $335.28 Million |
-2.50% |
| 2020-12-31 | CN¥2.35 Billion ≈ $343.86 Million |
+10.13% |
| 2019-12-31 | CN¥2.13 Billion ≈ $312.23 Million |
+11.49% |
| 2018-12-31 | CN¥1.91 Billion ≈ $280.05 Million |
+16.91% |
| 2017-12-31 | CN¥1.64 Billion ≈ $239.55 Million |
+1.73% |
| 2016-12-31 | CN¥1.61 Billion ≈ $235.48 Million |
+123.27% |
| 2015-12-31 | CN¥720.74 Million ≈ $105.47 Million |
+15.84% |
| 2014-12-31 | CN¥622.19 Million ≈ $91.05 Million |
+10.26% |
| 2013-12-31 | CN¥564.28 Million ≈ $82.57 Million |
+2.02% |
| 2012-12-31 | CN¥553.14 Million ≈ $80.94 Million |
+117.01% |
| 2011-12-31 | CN¥254.89 Million ≈ $37.30 Million |
+30.36% |
| 2010-12-31 | CN¥195.53 Million ≈ $28.61 Million |
+72.27% |
| 2009-12-31 | CN¥113.50 Million ≈ $16.61 Million |
+53.27% |
| 2008-12-31 | CN¥74.06 Million ≈ $10.84 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Kangda New Materials 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 582.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥445.27 Million | 16.32% |
| Common Stock | CN¥303.40 Million | 11.12% |
| Other Comprehensive Income | CN¥145.70 Million | 5.34% |
| Other Components | CN¥1.83 Billion | 67.21% |
| Total Equity | CN¥2.73 Billion | 100.00% |
Shanghai Kangda New Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Kangda New Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Embracer Group AB Series B
LSE:0GFE
|
$598.03 Million |
|
Traffic Control Technology Co Ltd
SHG:688015
|
$598.03 Million |
|
Shanghai Golden Union Commercial Management Co Ltd
SHG:603682
|
$598.07 Million |
|
Nagarro SE
XETRA:NA9
|
$598.10 Million |
|
Invesco Mortgage Capital Inc
NYSE:IVR
|
$598.02 Million |
|
NORVA24 GROUP AB (PUBL.)
F:WG0
|
$598.00 Million |
|
Zhejiang Netsun Co Ltd
SHE:002095
|
$597.98 Million |
|
Hingham Institution for Savings
NASDAQ:HIFS
|
$597.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Kangda New Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,976,877,000 to 2,727,894,000, a change of -248,983,000 (-8.4%).
- Net loss of 246,173,514 reduced equity.
- Dividend payments of 115,503,000 reduced retained earnings.
- Other comprehensive income increased equity by 139,639,442.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-246.17 Million | -9.02% |
| Dividends Paid | CN¥115.50 Million | -4.23% |
| Other Comprehensive Income | CN¥139.64 Million | +5.12% |
| Other Changes | CN¥-26.95 Million | -0.99% |
| Total Change | CN¥- | -8.36% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Kangda New Materials 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: 1.48x
- 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 27.23x to 1.48x 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¥0.49 | CN¥13.47 | x |
| 2009-12-31 | CN¥0.76 | CN¥13.47 | x |
| 2010-12-31 | CN¥1.31 | CN¥13.47 | x |
| 2011-12-31 | CN¥1.70 | CN¥13.47 | x |
| 2012-12-31 | CN¥3.02 | CN¥13.47 | x |
| 2013-12-31 | CN¥2.80 | CN¥13.47 | x |
| 2014-12-31 | CN¥3.12 | CN¥13.47 | x |
| 2015-12-31 | CN¥3.59 | CN¥13.47 | x |
| 2016-12-31 | CN¥7.99 | CN¥13.47 | x |
| 2017-12-31 | CN¥7.10 | CN¥13.47 | x |
| 2018-12-31 | CN¥8.09 | CN¥13.47 | x |
| 2019-12-31 | CN¥8.54 | CN¥13.47 | x |
| 2020-12-31 | CN¥9.23 | CN¥13.47 | x |
| 2021-12-31 | CN¥9.05 | CN¥13.47 | x |
| 2022-12-31 | CN¥11.16 | CN¥13.47 | x |
| 2023-12-31 | CN¥9.82 | CN¥13.47 | x |
| 2024-12-31 | CN¥9.13 | CN¥13.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Kangda New Materials 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): -9.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.94%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.54x
- Recent ROE (-9.02%) is below the historical average (10.10%), 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 | 14.96% | 7.17% | 1.28x | 1.63x | CN¥3.67 Million |
| 2009 | 39.56% | 20.80% | 1.18x | 1.61x | CN¥33.52 Million |
| 2010 | 31.77% | 20.08% | 1.13x | 1.40x | CN¥42.57 Million |
| 2011 | 23.29% | 19.58% | 0.94x | 1.26x | CN¥33.88 Million |
| 2012 | 5.87% | 13.15% | 0.41x | 1.09x | CN¥-22.84 Million |
| 2013 | 7.13% | 12.53% | 0.49x | 1.16x | CN¥-16.19 Million |
| 2014 | 11.24% | 13.26% | 0.68x | 1.25x | CN¥7.69 Million |
| 2015 | 15.62% | 15.48% | 0.80x | 1.26x | CN¥40.47 Million |
| 2016 | 5.13% | 13.91% | 0.33x | 1.12x | CN¥-78.29 Million |
| 2017 | 2.68% | 7.96% | 0.31x | 1.08x | CN¥-119.86 Million |
| 2018 | 4.20% | 8.67% | 0.41x | 1.18x | CN¥-110.91 Million |
| 2019 | 6.56% | 13.13% | 0.42x | 1.19x | CN¥-73.52 Million |
| 2020 | 9.21% | 11.13% | 0.58x | 1.43x | CN¥-18.43 Million |
| 2021 | 0.97% | 0.97% | 0.61x | 1.65x | CN¥-204.27 Million |
| 2022 | 1.59% | 1.94% | 0.46x | 1.78x | CN¥-252.30 Million |
| 2023 | 1.02% | 1.09% | 0.39x | 2.39x | CN¥-267.37 Million |
| 2024 | -9.02% | -7.94% | 0.45x | 2.54x | CN¥-518.96 Million |
Industry Comparison
This section compares Shanghai Kangda New Materials Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,515,935,693
- Average return on equity (ROE) among peers: 10.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Kangda New Materials Co Ltd (002669) | CN¥2.89 Billion | 14.96% | 1.94x | $598.03 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $672.68 Million | 30.27% | 1.18x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $7.37 Billion | 5.79% | 2.23x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $18.07 Billion | 25.56% | 0.78x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.06 Billion | 0.44% | 0.74x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $12.51 Billion | 8.46% | 0.45x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.89 Billion | 14.40% | 0.47x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.96 Billion | 3.24% | 2.27x | $605.40 Million |
About Shanghai Kangda New Materials Co Ltd
Kangda New Materials (Group) Co., Ltd. engages in the research and development, production, and sale of structural adhesives in the People's Republic of China. The company operates through adhesives and special resin new materials, electronic information materials and electronic technology segments. The company offers modified acrylate adhesive, organic silica gel, epoxy resin, polyurethane, acry… Read more