Shenzhen Kedali Industry Co Ltd (002850) - Net Assets
Based on the latest financial reports, Shenzhen Kedali Industry Co Ltd (002850) has net assets worth CN¥12.73 Billion CNY (≈ $1.86 Billion 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¥21.48 Billion ≈ $3.14 Billion USD) and total liabilities (CN¥8.75 Billion ≈ $1.28 Billion 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 financial resilience of Shenzhen Kedali Industry Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.73 Billion |
| % of Total Assets | 59.27% |
| Annual Growth Rate | 35.91% |
| 5-Year Change | 187.02% |
| 10-Year Change | 1687.92% |
| Growth Volatility | 34.47 |
Shenzhen Kedali Industry Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shenzhen Kedali Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002850 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Kedali Industry Co Ltd (2011–2024)
The table below shows the annual net assets of Shenzhen Kedali Industry Co Ltd from 2011 to 2024. For live valuation and market cap data, see market cap of Shenzhen Kedali Industry Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.68 Billion ≈ $1.71 Billion |
+11.16% |
| 2023-12-31 | CN¥10.51 Billion ≈ $1.54 Billion |
+80.37% |
| 2022-12-31 | CN¥5.83 Billion ≈ $852.77 Million |
+25.57% |
| 2021-12-31 | CN¥4.64 Billion ≈ $679.12 Million |
+14.00% |
| 2020-12-31 | CN¥4.07 Billion ≈ $595.72 Million |
+58.53% |
| 2019-12-31 | CN¥2.57 Billion ≈ $375.79 Million |
+8.23% |
| 2018-12-31 | CN¥2.37 Billion ≈ $347.20 Million |
+2.03% |
| 2017-12-31 | CN¥2.33 Billion ≈ $340.28 Million |
+133.21% |
| 2016-12-31 | CN¥997.15 Million ≈ $145.91 Million |
+52.58% |
| 2015-12-31 | CN¥653.53 Million ≈ $95.63 Million |
+30.96% |
| 2014-12-31 | CN¥499.05 Million ≈ $73.03 Million |
+36.08% |
| 2013-12-31 | CN¥366.72 Million ≈ $53.66 Million |
+20.82% |
| 2012-12-31 | CN¥303.52 Million ≈ $44.41 Million |
+40.37% |
| 2011-12-31 | CN¥216.22 Million ≈ $31.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Kedali Industry 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 6932.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.48 Billion | 38.44% |
| Common Stock | CN¥271.36 Million | 2.33% |
| Other Comprehensive Income | CN¥458.11 Million | 3.94% |
| Other Components | CN¥6.44 Billion | 55.29% |
| Total Equity | CN¥11.64 Billion | 100.00% |
Shenzhen Kedali Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Kedali Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samsung Engineering
KO:028050
|
$8.29 Billion |
|
Yanzhou Coal Mining Company Limited
F:YZC
|
$8.29 Billion |
|
GETLINK ADR EO-40
F:TNU
|
$8.29 Billion |
|
Celsius Holdings Inc
NASDAQ:CELH
|
$8.30 Billion |
|
Restaurant Brands International Limited Partnership
TO:QSP-UN
|
$8.28 Billion |
|
Valmont Industries Inc
NYSE:VMI
|
$8.28 Billion |
|
Steel Authority of India Limited
NSE:SAIL
|
$8.26 Billion |
|
Krafton Inc
KO:259960
|
$8.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Kedali Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,498,482,020 to 11,641,302,848, a change of 1,142,820,828 (10.9%).
- Net income of 1,471,628,219 contributed positively to equity growth.
- Dividend payments of 424,505,566 reduced retained earnings.
- Other comprehensive income increased equity by 222,960,379.
- Other factors decreased equity by 127,262,204.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.47 Billion | +12.64% |
| Dividends Paid | CN¥424.51 Million | -3.65% |
| Other Comprehensive Income | CN¥222.96 Million | +1.92% |
| Other Changes | CN¥-127.26 Million | -1.09% |
| Total Change | CN¥- | 10.89% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Kedali Industry 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: 4.79x
- 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 decreased from 126.85x to 4.79x 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¥1.62 | CN¥206.00 | x |
| 2012-12-31 | CN¥2.13 | CN¥206.00 | x |
| 2013-12-31 | CN¥2.51 | CN¥206.00 | x |
| 2014-12-31 | CN¥3.21 | CN¥206.00 | x |
| 2015-12-31 | CN¥4.15 | CN¥206.00 | x |
| 2016-12-31 | CN¥5.92 | CN¥206.00 | x |
| 2017-12-31 | CN¥11.14 | CN¥206.00 | x |
| 2018-12-31 | CN¥10.88 | CN¥206.00 | x |
| 2019-12-31 | CN¥11.86 | CN¥206.00 | x |
| 2020-12-31 | CN¥18.76 | CN¥206.00 | x |
| 2021-12-31 | CN¥19.56 | CN¥206.00 | x |
| 2022-12-31 | CN¥24.29 | CN¥206.00 | x |
| 2023-12-31 | CN¥41.88 | CN¥206.00 | x |
| 2024-12-31 | CN¥43.03 | CN¥206.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Kedali Industry 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): 12.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.23%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.64x
- Recent ROE (12.64%) is below the historical average (13.21%), 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 | 11.49% | 5.59% | 0.93x | 2.21x | CN¥3.23 Million |
| 2012 | 16.87% | 9.52% | 0.98x | 1.82x | CN¥20.86 Million |
| 2013 | 16.73% | 10.32% | 0.93x | 1.75x | CN¥24.67 Million |
| 2014 | 14.53% | 10.76% | 0.82x | 1.64x | CN¥22.62 Million |
| 2015 | 23.64% | 13.64% | 0.96x | 1.80x | CN¥89.13 Million |
| 2016 | 25.02% | 15.99% | 0.84x | 1.85x | CN¥139.67 Million |
| 2017 | 7.36% | 11.44% | 0.48x | 1.34x | CN¥-59.49 Million |
| 2018 | 3.59% | 4.11% | 0.57x | 1.54x | CN¥-147.24 Million |
| 2019 | 9.53% | 10.64% | 0.59x | 1.52x | CN¥-11.75 Million |
| 2020 | 4.48% | 9.00% | 0.36x | 1.37x | CN¥-220.26 Million |
| 2021 | 11.89% | 12.12% | 0.61x | 1.61x | CN¥86.11 Million |
| 2022 | 15.70% | 10.40% | 0.61x | 2.47x | CN¥326.73 Million |
| 2023 | 11.44% | 11.42% | 0.61x | 1.64x | CN¥151.00 Million |
| 2024 | 12.64% | 12.23% | 0.63x | 1.64x | CN¥307.50 Million |
Industry Comparison
This section compares Shenzhen Kedali Industry Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $22,207,061,921
- Average return on equity (ROE) among peers: 2.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Kedali Industry Co Ltd (002850) | CN¥12.73 Billion | 11.49% | 0.69x | $8.29 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $412.50 Million | -16.79% | 0.29x | $382.28 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $217.50 Million | 13.85% | 1.05x | $1.61 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $936.36 Million | -14.92% | 2.68x | $484.64 Million |
| CPT Technology Group Co Ltd (000536) | $5.57 Billion | 10.98% | 1.18x | $1.67 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.08 Billion | 2.04% | 0.58x | $4.38 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $608.18 Million |
| BOE Technology Group Co Ltd (000725) | $204.55 Billion | 2.60% | 1.10x | $22.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $3.62 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $884.58 Million | 12.98% | 0.75x | $2.19 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $5.04 Billion |
About Shenzhen Kedali Industry Co Ltd
Shenzhen Kedali Industry Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells lithium battery precision and automotive structural parts in China and internationally. It offers prismatic can, mobile battery aluminum and cylindrical can, mobile battery prismatic can, power battery, precision structural part of lithium-ion battery, aluminum terminal, Cu-Al compoun… Read more