Chengdu Fusen Noble-House Industrial Co Ltd
Chengdu Fusen Noble-House Industrial Co.,Ltd. engages in the home furnishing business in China. It is involved in decorative building materials and home furnishing through operation of furniture stores business. The company also operates pan-home platform related services, as well as offers financial services. Chengdu Fusen Noble-House Industrial Co.,Ltd. was founded in 2000 and is headquartered … Read more
Chengdu Fusen Noble-House Industrial Co Ltd (002818) - Net Assets
Latest net assets as of September 2025: CN¥5.74 Billion CNY
Based on the latest financial reports, Chengdu Fusen Noble-House Industrial Co Ltd (002818) has net assets worth CN¥5.74 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.63 Billion) and total liabilities (CN¥891.89 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.74 Billion |
| % of Total Assets | 86.55% |
| Annual Growth Rate | 15.74% |
| 5-Year Change | 5.17% |
| 10-Year Change | 164.41% |
| Growth Volatility | 18.05 |
Chengdu Fusen Noble-House Industrial Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Chengdu Fusen Noble-House Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Chengdu Fusen Noble-House Industrial Co Ltd (2011–2024)
The table below shows the annual net assets of Chengdu Fusen Noble-House Industrial Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.04 Billion | -1.74% |
| 2023-12-31 | CN¥6.14 Billion | +0.16% |
| 2022-12-31 | CN¥6.13 Billion | -1.50% |
| 2021-12-31 | CN¥6.23 Billion | +8.49% |
| 2020-12-31 | CN¥5.74 Billion | +15.19% |
| 2019-12-31 | CN¥4.98 Billion | +10.66% |
| 2018-12-31 | CN¥4.50 Billion | +6.15% |
| 2017-12-31 | CN¥4.24 Billion | +11.31% |
| 2016-12-31 | CN¥3.81 Billion | +66.93% |
| 2015-12-31 | CN¥2.28 Billion | +22.09% |
| 2014-12-31 | CN¥1.87 Billion | +21.47% |
| 2013-12-31 | CN¥1.54 Billion | +24.66% |
| 2012-12-31 | CN¥1.23 Billion | +36.82% |
| 2011-12-31 | CN¥902.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chengdu Fusen Noble-House Industrial 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 956.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.95 Billion | 68.05% |
| Common Stock | CN¥748.46 Million | 12.88% |
| Other Components | CN¥1.11 Billion | 19.08% |
| Total Equity | CN¥5.81 Billion | 100.00% |
Chengdu Fusen Noble-House Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu Fusen Noble-House Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Markor International Home Furnishings Co Ltd
SHG:600337
|
$240.77 Million |
|
FISHER (JAMES)SONS LS-25
F:6FJ
|
$240.81 Million |
|
Shenzhen Infinova Ltd
SHE:002528
|
$240.84 Million |
|
Arteche Lantegi Elkartea SA
MC:ART
|
$240.89 Million |
|
HLB Life Science Co. Ltd
KQ:067630
|
$240.73 Million |
|
ZheJiang Haers Vacuum Containers Co Ltd
SHE:002615
|
$240.71 Million |
|
Hibiscus Petroleum BHD
KLSE:5199
|
$240.67 Million |
|
CyberPower Systems Inc
TW:3617
|
$240.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Fusen Noble-House Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,930,227,000 to 5,812,149,000, a change of -118,078,000 (-2.0%).
- Net income of 690,257,243 contributed positively to equity growth.
- Dividend payments of 808,907,000 reduced retained earnings.
- Other comprehensive income decreased equity by 382,818,452.
- Other factors increased equity by 383,390,209.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥690.26 Million | +11.88% |
| Dividends Paid | CN¥808.91 Million | -13.92% |
| Other Comprehensive Income | CN¥-382.82 Million | -6.59% |
| Other Changes | CN¥383.39 Million | +6.6% |
| Total Change | CN¥- | -1.99% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Fusen Noble-House Industrial 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: 1.53x
- 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 8.88x to 1.53x 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¥1.34 | CN¥11.91 | x |
| 2012-12-31 | CN¥1.84 | CN¥11.91 | x |
| 2013-12-31 | CN¥2.29 | CN¥11.91 | x |
| 2014-12-31 | CN¥2.76 | CN¥11.91 | x |
| 2015-12-31 | CN¥3.38 | CN¥11.91 | x |
| 2016-12-31 | CN¥5.56 | CN¥11.91 | x |
| 2017-12-31 | CN¥5.67 | CN¥11.91 | x |
| 2018-12-31 | CN¥6.00 | CN¥11.91 | x |
| 2019-12-31 | CN¥6.57 | CN¥11.91 | x |
| 2020-12-31 | CN¥7.43 | CN¥11.91 | x |
| 2021-12-31 | CN¥8.08 | CN¥11.91 | x |
| 2022-12-31 | CN¥7.93 | CN¥11.91 | x |
| 2023-12-31 | CN¥7.94 | CN¥11.91 | x |
| 2024-12-31 | CN¥7.77 | CN¥11.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Fusen Noble-House Industrial 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): 11.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 48.27%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.21x
- Recent ROE (11.88%) is below the historical average (17.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.12% | 42.32% | 0.27x | 2.23x | CN¥136.50 Million |
| 2012 | 26.91% | 47.25% | 0.29x | 1.98x | CN¥208.85 Million |
| 2013 | 19.78% | 41.40% | 0.26x | 1.81x | CN¥150.63 Million |
| 2014 | 17.68% | 42.85% | 0.22x | 1.88x | CN¥143.58 Million |
| 2015 | 19.83% | 43.49% | 0.25x | 1.85x | CN¥224.36 Million |
| 2016 | 14.59% | 45.53% | 0.25x | 1.27x | CN¥174.86 Million |
| 2017 | 15.35% | 51.76% | 0.24x | 1.25x | CN¥226.97 Million |
| 2018 | 16.33% | 51.73% | 0.25x | 1.28x | CN¥284.85 Million |
| 2019 | 16.14% | 49.47% | 0.27x | 1.21x | CN¥304.92 Million |
| 2020 | 13.86% | 58.25% | 0.20x | 1.20x | CN¥215.47 Million |
| 2021 | 15.18% | 59.75% | 0.21x | 1.19x | CN¥313.46 Million |
| 2022 | 13.20% | 52.81% | 0.21x | 1.19x | CN¥189.82 Million |
| 2023 | 13.60% | 52.90% | 0.22x | 1.19x | CN¥213.25 Million |
| 2024 | 11.88% | 48.27% | 0.20x | 1.21x | CN¥109.04 Million |
Industry Comparison
This section compares Chengdu Fusen Noble-House Industrial 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: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Fusen Noble-House Industrial Co Ltd (002818) | CN¥5.74 Billion | 25.12% | 0.16x | $240.76 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |