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¥2.99 Billion CNY (≈ $437.66 Million 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¥9.64 Billion ≈ $1.41 Billion USD) and total liabilities (CN¥6.64 Billion ≈ $972.27 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 002669 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.99 Billion |
| % of Total Assets | 31.04% |
| Annual Growth Rate | 24.51% |
| 5-Year Change | 34.26% |
| 10-Year Change | 91.16% |
| Growth Volatility | 38.92 |
Shanghai Kangda New Materials Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Shanghai Kangda New Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanghai Kangda New Materials Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Kangda New Materials Co Ltd (2008–2025)
The table below shows the annual net assets of Shanghai Kangda New Materials Co Ltd from 2008 to 2025. For live valuation and market cap data, see Shanghai Kangda New Materials Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.08 Billion ≈ $450.14 Million |
+5.86% |
| 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 |
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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 743.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥549.95 Million | 19.56% |
| Other Components | CN¥2.26 Billion | 80.44% |
| Total Equity | CN¥2.81 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 |
|---|---|
|
Multi Bintang Indonesia Tbk
JK:MLBI
|
$771.64 Million |
|
IPH Ltd
AU:IPH
|
$771.64 Million |
|
Peakstone Realty Trust
NYSE:PKST
|
$771.78 Million |
|
Nantong Jinghua Pharmaceutical Co Ltd
SHE:002349
|
$772.29 Million |
|
Savencia SA
PA:SAVE
|
$771.57 Million |
|
Ottogi
KO:007310
|
$771.49 Million |
|
Metals X Limited
F:FG5
|
$771.33 Million |
|
Gujarat Ambuja Exports Limited
NSE:GAEL
|
$771.28 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 2024 to 2025, total equity changed from 2,727,894,000 to 2,810,899,907, a change of 83,005,907 (3.0%).
- Net income of 125,439,848 contributed positively to equity growth.
- Dividend payments of 71,844,376 reduced retained earnings.
- Other comprehensive income decreased equity by 145,704,442.
- Other factors increased equity by 175,114,877.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥125.44 Million | +4.46% |
| Dividends Paid | CN¥71.84 Million | -2.56% |
| Other Comprehensive Income | CN¥-145.70 Million | -5.18% |
| Other Changes | CN¥175.11 Million | +6.23% |
| Total Change | CN¥- | 3.04% |
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: 1.88x
- 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 35.14x to 1.88x 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¥17.38 | x |
| 2009-12-31 | CN¥0.76 | CN¥17.38 | x |
| 2010-12-31 | CN¥1.31 | CN¥17.38 | x |
| 2011-12-31 | CN¥1.70 | CN¥17.38 | x |
| 2012-12-31 | CN¥3.02 | CN¥17.38 | x |
| 2013-12-31 | CN¥2.80 | CN¥17.38 | x |
| 2014-12-31 | CN¥3.12 | CN¥17.38 | x |
| 2015-12-31 | CN¥3.59 | CN¥17.38 | x |
| 2016-12-31 | CN¥7.99 | CN¥17.38 | x |
| 2017-12-31 | CN¥7.10 | CN¥17.38 | x |
| 2018-12-31 | CN¥8.09 | CN¥17.38 | x |
| 2019-12-31 | CN¥8.54 | CN¥17.38 | x |
| 2020-12-31 | CN¥9.23 | CN¥17.38 | x |
| 2021-12-31 | CN¥9.05 | CN¥17.38 | x |
| 2022-12-31 | CN¥11.16 | CN¥17.38 | x |
| 2023-12-31 | CN¥9.82 | CN¥17.38 | x |
| 2024-12-31 | CN¥9.13 | CN¥17.38 | x |
| 2025-12-31 | CN¥9.26 | CN¥17.38 | 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): 4.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.40%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.24x
- Recent ROE (4.46%) is below the historical average (9.79%), 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 |
| 2025 | 4.46% | 2.40% | 0.57x | 3.24x | CN¥-155.65 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: $2,062,228,865
- Average return on equity (ROE) among peers: 7.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Kangda New Materials Co Ltd (002669) | CN¥2.99 Billion | 14.96% | 2.22x | $771.62 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $357.76 Million | 2.16% | 0.36x | $393.38 Million |
| Hengyi Petrochemical Co Ltd (000703) | $224.74 Million | 11.11% | 0.05x | $6.67 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.08 Billion | 12.06% | 1.19x | $756.53 Million |
| Luxi Chemical Group Co Ltd (000830) | $599.53 Million | 12.23% | 0.85x | $3.61 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $9.18 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.06 Billion | 0.44% | 0.74x | $1.55 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.85 Billion | -5.54% | 0.53x | $1.28 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $769.62 Million |
| Zhejiang Transfar Co Ltd (002010) | $693.89 Million | 10.75% | 0.67x | $1.99 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $457.55 Million | 6.71% | 0.32x | $466.62 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