Guangdong Kinlong Hardware Products Co Ltd (002791) - Net Assets
Based on the latest financial reports, Guangdong Kinlong Hardware Products Co Ltd (002791) has net assets worth CN¥5.80 Billion CNY (≈ $849.25 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¥9.46 Billion ≈ $1.38 Billion USD) and total liabilities (CN¥3.66 Billion ≈ $535.59 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 Guangdong Kinlong Hardware Products Co L to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.80 Billion |
| % of Total Assets | 61.32% |
| Annual Growth Rate | 20.42% |
| 5-Year Change | 45.08% |
| 10-Year Change | 329.17% |
| Growth Volatility | 20.02 |
Guangdong Kinlong Hardware Products Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Guangdong Kinlong Hardware Products Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Kinlong Hardware Products Co L (002791) total assets for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Kinlong Hardware Products Co Ltd (2011–2024)
The table below shows the annual net assets of Guangdong Kinlong Hardware Products Co Ltd from 2011 to 2024. For live valuation and market cap data, see how much is Guangdong Kinlong Hardware Products Co L worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.96 Billion ≈ $872.59 Million |
+11.68% |
| 2023-12-31 | CN¥5.34 Billion ≈ $781.34 Million |
+6.32% |
| 2022-12-31 | CN¥5.02 Billion ≈ $734.89 Million |
-0.08% |
| 2021-12-31 | CN¥5.03 Billion ≈ $735.50 Million |
+22.28% |
| 2020-12-31 | CN¥4.11 Billion ≈ $601.47 Million |
+30.03% |
| 2019-12-31 | CN¥3.16 Billion ≈ $462.56 Million |
+11.15% |
| 2018-12-31 | CN¥2.84 Billion ≈ $416.18 Million |
+5.51% |
| 2017-12-31 | CN¥2.70 Billion ≈ $394.44 Million |
+7.75% |
| 2016-12-31 | CN¥2.50 Billion ≈ $366.06 Million |
+80.04% |
| 2015-12-31 | CN¥1.39 Billion ≈ $203.32 Million |
+17.94% |
| 2014-12-31 | CN¥1.18 Billion ≈ $172.39 Million |
+22.44% |
| 2013-12-31 | CN¥962.23 Million ≈ $140.80 Million |
+31.31% |
| 2012-12-31 | CN¥732.78 Million ≈ $107.23 Million |
+37.61% |
| 2011-12-31 | CN¥532.49 Million ≈ $77.92 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Kinlong Hardware Products 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 3133.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.48 Billion | 60.97% |
| Common Stock | CN¥353.89 Million | 6.21% |
| Other Comprehensive Income | CN¥397.38 Million | 6.97% |
| Other Components | CN¥1.47 Billion | 25.86% |
| Total Equity | CN¥5.70 Billion | 100.00% |
Guangdong Kinlong Hardware Products Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Kinlong Hardware Products Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CTT Correios de Portugal SA
LS:CTT
|
$950.92 Million |
|
Hangzhou Advance Gearbox Group Co Ltd
SHG:601177
|
$951.01 Million |
|
Empire State Realty Trust Inc
NYSE:ESRT
|
$951.02 Million |
|
INDIA SHELTER FINANCE CORPORATION LIMITED
NSE:INDIASHLTR
|
$951.30 Million |
|
Bear Electric Appliance Co Ltd
SHE:002959
|
$950.10 Million |
|
Xiamen Anne Corp Ltd
SHE:002235
|
$949.87 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$949.72 Million |
|
Jiangxi Sanchuan Water Meter
SHE:300066
|
$949.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Kinlong Hardware Products Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,088,210,069 to 5,702,900,367, a change of 614,690,298 (12.1%).
- Net income of 89,989,204 contributed positively to equity growth.
- Dividend payments of 51,327,143 reduced retained earnings.
- Other comprehensive income increased equity by 390,981,117.
- Other factors increased equity by 185,047,120.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥89.99 Million | +1.58% |
| Dividends Paid | CN¥51.33 Million | -0.9% |
| Other Comprehensive Income | CN¥390.98 Million | +6.86% |
| Other Changes | CN¥185.05 Million | +3.24% |
| Total Change | CN¥- | 12.08% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Kinlong Hardware Products 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: 1.06x
- 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 8.82x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.08 | CN¥18.36 | x |
| 2012-12-31 | CN¥2.81 | CN¥18.36 | x |
| 2013-12-31 | CN¥3.72 | CN¥18.36 | x |
| 2014-12-31 | CN¥4.57 | CN¥18.36 | x |
| 2015-12-31 | CN¥5.39 | CN¥18.36 | x |
| 2016-12-31 | CN¥8.03 | CN¥18.36 | x |
| 2017-12-31 | CN¥8.08 | CN¥18.36 | x |
| 2018-12-31 | CN¥8.64 | CN¥18.36 | x |
| 2019-12-31 | CN¥9.72 | CN¥18.36 | x |
| 2020-12-31 | CN¥12.40 | CN¥18.36 | x |
| 2021-12-31 | CN¥14.91 | CN¥18.36 | x |
| 2022-12-31 | CN¥14.93 | CN¥18.36 | x |
| 2023-12-31 | CN¥15.86 | CN¥18.36 | x |
| 2024-12-31 | CN¥17.28 | CN¥18.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Kinlong Hardware Products 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): 1.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.36%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.73x
- Recent ROE (1.58%) is below the historical average (13.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 21.79% | 10.41% | 1.37x | 1.53x | CN¥62.77 Million |
| 2012 | 25.88% | 13.16% | 1.36x | 1.44x | CN¥114.09 Million |
| 2013 | 24.17% | 13.09% | 1.27x | 1.46x | CN¥134.22 Million |
| 2014 | 18.52% | 10.63% | 1.21x | 1.43x | CN¥99.01 Million |
| 2015 | 15.34% | 9.06% | 1.18x | 1.43x | CN¥73.39 Million |
| 2016 | 10.21% | 9.35% | 0.88x | 1.24x | CN¥5.31 Million |
| 2017 | 7.31% | 6.01% | 0.92x | 1.32x | CN¥-70.47 Million |
| 2018 | 6.25% | 4.47% | 0.96x | 1.46x | CN¥-103.41 Million |
| 2019 | 14.31% | 8.36% | 1.06x | 1.61x | CN¥132.27 Million |
| 2020 | 20.49% | 12.13% | 1.00x | 1.70x | CN¥418.42 Million |
| 2021 | 18.55% | 10.10% | 0.88x | 2.08x | CN¥409.97 Million |
| 2022 | 1.37% | 0.86% | 0.73x | 2.20x | CN¥-414.57 Million |
| 2023 | 6.37% | 4.15% | 0.79x | 1.93x | CN¥-184.81 Million |
| 2024 | 1.58% | 1.36% | 0.67x | 1.73x | CN¥-480.30 Million |
Industry Comparison
This section compares Guangdong Kinlong Hardware Products Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,298,388,912
- Average return on equity (ROE) among peers: 15.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Kinlong Hardware Products Co Ltd (002791) | CN¥5.80 Billion | 21.79% | 0.63x | $950.76 Million |
| Bosun Tools Co Ltd (002282) | $3.47 Billion | 3.71% | 0.13x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $670.77 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $200.12 Million | 86.55% | 2.62x | $537.47 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $5.98 Billion |
| Geron Co Ltd (002722) | $1.91 Billion | 3.09% | 0.60x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $743.83 Million | 8.69% | 0.52x | $2.16 Billion |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $1.38 Billion | 3.65% | 0.84x | $979.13 Million |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About Guangdong Kinlong Hardware Products Co Ltd
Guangdong KinLong Hardware Products Co.,Ltd. engages in the research, development, manufacture, and sale of construction and building products in China. The company offers door and window accessories, engineering hardware, premium hardware, kitchen and bathroom, smart home, smart community, chemical building materials, decorative materials, lighting fixtures, electrical materials, transparent led… Read more