Chengdu Fusen Noble-House Industrial Co Ltd (002818) - Net Assets
Based on the latest financial reports, Chengdu Fusen Noble-House Industrial Co Ltd (002818) has net assets worth CN¥6.51 Billion CNY (≈ $952.51 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¥7.42 Billion ≈ $1.09 Billion USD) and total liabilities (CN¥907.86 Million ≈ $132.85 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 002818 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.51 Billion |
| % of Total Assets | 87.76% |
| Annual Growth Rate | 14.24% |
| 5-Year Change | -6.56% |
| 10-Year Change | 52.68% |
| Growth Volatility | 18.18 |
Chengdu Fusen Noble-House Industrial Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Chengdu Fusen Noble-House Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002818 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Chengdu Fusen Noble-House Industrial Co Ltd (2011–2025)
The table below shows the annual net assets of Chengdu Fusen Noble-House Industrial Co Ltd from 2011 to 2025. For live valuation and market cap data, see market cap of Chengdu Fusen Noble-House Industrial Co .
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.82 Billion ≈ $851.45 Million |
-3.61% |
| 2024-12-31 | CN¥6.04 Billion ≈ $883.36 Million |
-1.74% |
| 2023-12-31 | CN¥6.14 Billion ≈ $898.96 Million |
+0.16% |
| 2022-12-31 | CN¥6.13 Billion ≈ $897.55 Million |
-1.50% |
| 2021-12-31 | CN¥6.23 Billion ≈ $911.20 Million |
+8.49% |
| 2020-12-31 | CN¥5.74 Billion ≈ $839.92 Million |
+15.19% |
| 2019-12-31 | CN¥4.98 Billion ≈ $729.16 Million |
+10.66% |
| 2018-12-31 | CN¥4.50 Billion ≈ $658.94 Million |
+6.15% |
| 2017-12-31 | CN¥4.24 Billion ≈ $620.78 Million |
+11.31% |
| 2016-12-31 | CN¥3.81 Billion ≈ $557.69 Million |
+66.93% |
| 2015-12-31 | CN¥2.28 Billion ≈ $334.09 Million |
+22.09% |
| 2014-12-31 | CN¥1.87 Billion ≈ $273.65 Million |
+21.47% |
| 2013-12-31 | CN¥1.54 Billion ≈ $225.27 Million |
+24.66% |
| 2012-12-31 | CN¥1.23 Billion ≈ $180.70 Million |
+36.82% |
| 2011-12-31 | CN¥902.55 Million ≈ $132.07 Million |
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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 898.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.74 Billion | 66.89% |
| Other Components | CN¥1.85 Billion | 33.11% |
| Total Equity | CN¥5.59 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 |
|---|---|
|
Beijing Capital Development Co Ltd
SHG:600376
|
$1.23 Billion |
|
Heidrick & Struggles International
NASDAQ:HSII
|
$1.23 Billion |
|
Austal Ltd
AU:ASB
|
$1.23 Billion |
|
Anhui Estone Materials Technology Co Ltd
SHG:688733
|
$1.23 Billion |
|
Guobang Pharma Ltd
SHG:605507
|
$1.23 Billion |
|
Astec Industries Inc
NASDAQ:ASTE
|
$1.23 Billion |
|
Dongfang Electric Corporation Limited
F:DEU
|
$1.23 Billion |
|
MasterBrand Inc.
NYSE:MBC
|
$1.23 Billion |
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 2024 to 2025, total equity changed from 5,812,149,000 to 5,589,242,587, a change of -222,906,413 (-3.8%).
- Net income of 555,491,290 contributed positively to equity growth.
- Dividend payments of 778,911,974 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥555.49 Million | +9.94% |
| Dividends Paid | CN¥778.91 Million | -13.94% |
| Other Changes | CN¥514.27K | +0.01% |
| Total Change | CN¥- | -3.84% |
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: 1.50x
- 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 8.35x to 1.50x 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¥11.20 | x |
| 2012-12-31 | CN¥1.84 | CN¥11.20 | x |
| 2013-12-31 | CN¥2.29 | CN¥11.20 | x |
| 2014-12-31 | CN¥2.76 | CN¥11.20 | x |
| 2015-12-31 | CN¥3.38 | CN¥11.20 | x |
| 2016-12-31 | CN¥5.56 | CN¥11.20 | x |
| 2017-12-31 | CN¥5.67 | CN¥11.20 | x |
| 2018-12-31 | CN¥6.00 | CN¥11.20 | x |
| 2019-12-31 | CN¥6.57 | CN¥11.20 | x |
| 2020-12-31 | CN¥7.43 | CN¥11.20 | x |
| 2021-12-31 | CN¥8.04 | CN¥11.20 | x |
| 2022-12-31 | CN¥7.95 | CN¥11.20 | x |
| 2023-12-31 | CN¥7.94 | CN¥11.20 | x |
| 2024-12-31 | CN¥7.75 | CN¥11.20 | x |
| 2025-12-31 | CN¥7.47 | CN¥11.20 | 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): 9.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 46.32%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.20x
- Recent ROE (9.94%) is below the historical average (16.63%), 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 |
| 2025 | 9.94% | 46.32% | 0.18x | 1.20x | CN¥-3.43 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: $15,681,082,117
- Average return on equity (ROE) among peers: 10.67%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Fusen Noble-House Industrial Co Ltd (002818) | CN¥6.51 Billion | 25.12% | 0.14x | $1.23 Billion |
| Midea Group Co Ltd (000333) | $82.93 Billion | 20.84% | 1.99x | $77.79 Billion |
| Changhong Meiling Co Ltd (000521) | $3.42 Billion | 0.77% | 1.65x | $652.87 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $66.83 Billion | 33.52% | 2.22x | $30.46 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-842.15 Million | 0.00% | 0.00x | $3.71 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $260.34 Million |
| Elec-Tech International Co Ltd (002005) | $632.60 Million | 0.97% | 1.62x | $610.31 Million |
| Zhejiang Supor Co Ltd (002032) | $905.66 Million | 11.04% | 0.85x | $4.72 Billion |
| Vatti Corp Ltd (002035) | $559.51 Million | 24.81% | 1.20x | $564.37 Million |
| CNlight Co Ltd (002076) | $324.84 Million | 13.49% | 0.19x | $366.80 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.77 Billion | -13.17% | 1.09x | $329.94 Million |
About Chengdu Fusen Noble-House Industrial Co Ltd
Chengdu Fusen Noble-House Industrial Co.,Ltd. engages in the home furnishing business in China. The company is involved in decorative building materials and home furnishing through operation of furniture stores business. It also operates pan-home platform related services, as well as offers financial services. The company was founded in 2000 and is headquartered in Chengdu, China.