Kennede Electronics MFG Co Ltd (002723) - Net Assets
Based on the latest financial reports, Kennede Electronics MFG Co Ltd (002723) has net assets worth CN¥1.02 Billion CNY (≈ $149.15 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.55 Billion ≈ $372.97 Million USD) and total liabilities (CN¥1.53 Billion ≈ $223.82 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 asset resilience ratio of Kennede Electronics MFG Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.02 Billion |
| % of Total Assets | 39.99% |
| Annual Growth Rate | 12.9% |
| 5-Year Change | 64.84% |
| 10-Year Change | 60.47% |
| Growth Volatility | 30.25 |
Kennede Electronics MFG Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Kennede Electronics MFG Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Kennede Electronics MFG Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Kennede Electronics MFG Co Ltd (2010–2024)
The table below shows the annual net assets of Kennede Electronics MFG Co Ltd from 2010 to 2024. For live valuation and market cap data, see 002723 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.05 Billion ≈ $153.87 Million |
-17.40% |
| 2023-12-31 | CN¥1.27 Billion ≈ $186.28 Million |
+2.39% |
| 2022-12-31 | CN¥1.24 Billion ≈ $181.94 Million |
+1.74% |
| 2021-12-31 | CN¥1.22 Billion ≈ $178.84 Million |
+91.58% |
| 2020-12-31 | CN¥637.94 Million ≈ $93.35 Million |
+5.41% |
| 2019-12-31 | CN¥605.18 Million ≈ $88.56 Million |
+3.94% |
| 2018-12-31 | CN¥582.24 Million ≈ $85.20 Million |
-10.96% |
| 2017-12-31 | CN¥653.89 Million ≈ $95.68 Million |
+1.93% |
| 2016-12-31 | CN¥641.50 Million ≈ $93.87 Million |
-2.10% |
| 2015-12-31 | CN¥655.30 Million ≈ $95.89 Million |
+5.66% |
| 2014-12-31 | CN¥620.22 Million ≈ $90.76 Million |
+77.04% |
| 2013-12-31 | CN¥350.32 Million ≈ $51.26 Million |
+13.03% |
| 2012-12-31 | CN¥309.92 Million ≈ $45.35 Million |
+25.01% |
| 2011-12-31 | CN¥247.92 Million ≈ $36.28 Million |
+28.87% |
| 2010-12-31 | CN¥192.38 Million ≈ $28.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kennede Electronics MFG 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 154.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.05 Billion | 104.66% |
| Total Equity | CN¥1.01 Billion | 100.00% |
Kennede Electronics MFG Co Ltd Competitors by Market Cap
The table below lists competitors of Kennede Electronics MFG Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S.P.I Landscape Design Co. Ltd.
SHE:300844
|
$480.53 Million |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$480.81 Million |
|
Skandinaviska Enskilda Banken AB (publ)
ST:SEB-C
|
$480.85 Million |
|
SKS Technologies Group Ltd
AU:SKS
|
$480.89 Million |
|
Faraday Copper Corp.
TO:FDY
|
$480.47 Million |
|
Ooh!Media Ltd
AU:OML
|
$480.34 Million |
|
Tejon Ranch Co
NYSE:TRC
|
$480.33 Million |
|
Carter Bank and Trust
NASDAQ:CARE
|
$480.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kennede Electronics MFG Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,237,868,311 to 1,007,366,671, a change of -230,501,640 (-18.6%).
- Net loss of 224,610,578 reduced equity.
- Dividend payments of 46,501,943 reduced retained earnings.
- Other factors increased equity by 40,610,881.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-224.61 Million | -22.3% |
| Dividends Paid | CN¥46.50 Million | -4.62% |
| Other Changes | CN¥40.61 Million | +4.03% |
| Total Change | CN¥- | -18.62% |
Book Value vs Market Value Analysis
This analysis compares Kennede Electronics MFG 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: 3.12x
- 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 increased from 2.82x to 3.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥3.50 | CN¥9.88 | x |
| 2018-12-31 | CN¥3.05 | CN¥9.88 | x |
| 2019-12-31 | CN¥3.15 | CN¥9.88 | x |
| 2020-12-31 | CN¥3.32 | CN¥9.88 | x |
| 2021-12-31 | CN¥3.85 | CN¥9.88 | x |
| 2022-12-31 | CN¥3.91 | CN¥9.88 | x |
| 2023-12-31 | CN¥3.89 | CN¥9.88 | x |
| 2024-12-31 | CN¥3.17 | CN¥9.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kennede Electronics MFG 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): -22.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.69%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.70x
- Recent ROE (-22.30%) is below the historical average (4.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 23.33% | 9.90% | 1.24x | 1.89x | CN¥25.64 Million |
| 2011 | 22.40% | 11.04% | 1.31x | 1.55x | CN¥30.75 Million |
| 2012 | 20.00% | 11.09% | 1.06x | 1.70x | CN¥31.01 Million |
| 2013 | 11.55% | 7.19% | 0.94x | 1.72x | CN¥5.45 Million |
| 2014 | 6.59% | 7.08% | 0.72x | 1.30x | CN¥-21.15 Million |
| 2015 | 6.63% | 6.08% | 0.72x | 1.52x | CN¥-21.73 Million |
| 2016 | 1.03% | 0.86% | 0.73x | 1.64x | CN¥-57.57 Million |
| 2017 | 1.17% | 0.78% | 0.95x | 1.59x | CN¥-57.72 Million |
| 2018 | -15.51% | -10.87% | 0.84x | 1.70x | CN¥-148.54 Million |
| 2019 | 6.46% | 3.90% | 0.81x | 2.04x | CN¥-21.45 Million |
| 2020 | 4.07% | 2.38% | 0.73x | 2.34x | CN¥-37.82 Million |
| 2021 | 1.47% | 1.36% | 0.60x | 1.79x | CN¥-104.18 Million |
| 2022 | 0.81% | 0.58% | 0.65x | 2.15x | CN¥-114.46 Million |
| 2023 | -0.56% | -0.43% | 0.56x | 2.31x | CN¥-130.70 Million |
| 2024 | -22.30% | -14.69% | 0.56x | 2.70x | CN¥-325.35 Million |
Industry Comparison
This section compares Kennede Electronics MFG Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $17,552,422,681
- Average return on equity (ROE) among peers: -12.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kennede Electronics MFG Co Ltd (002723) | CN¥1.02 Billion | 23.33% | 1.50x | $480.50 Million |
| Midea Group Co Ltd (000333) | $151.92 Billion | 19.45% | 1.78x | $81.76 Billion |
| Changhong Meiling Co Ltd (000521) | $3.42 Billion | 0.77% | 1.65x | $750.93 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $5.86 Billion | 21.67% | 3.36x | $32.71 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.24 Billion | -19.59% | 0.63x | $3.33 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $466.21 Million |
| Elec-Tech International Co Ltd (002005) | $4.28 Billion | 0.21% | 1.55x | $746.23 Million |
| Zhejiang Supor Co Ltd (002032) | $3.73 Billion | 15.77% | 0.54x | $5.56 Billion |
| Vatti Corp Ltd (002035) | $312.34 Million | -3.56% | 1.61x | $730.59 Million |
| CNlight Co Ltd (002076) | $446.05 Million | -186.97% | 2.56x | $373.29 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $836.95 Million | 8.85% | 0.93x | $365.86 Million |
About Kennede Electronics MFG Co Ltd
Kennede Electronics MFG. Co., Ltd. engages in the design, development, production, and sale of fans, rechargeable lighting products, and electric kettles in China. The company offers kettle, electric fan and heater, portable air conditioner and power source, lighting, air purifier, heat pump, freezer, and mosquito swatter products, as well as pet supplies. It exports its products to approximately… Read more