Shenzhen King Explorer Science and Technology Corp Class A (002917) - Net Assets
Based on the latest financial reports, Shenzhen King Explorer Science and Technology Corp Class A (002917) has net assets worth CN¥2.03 Billion CNY (≈ $296.53 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¥3.13 Billion ≈ $458.20 Million USD) and total liabilities (CN¥1.10 Billion ≈ $161.67 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 allocation strategy of Shenzhen King Explorer Science and Techn to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 64.72% |
| Annual Growth Rate | 26.42% |
| 5-Year Change | 92.27% |
| 10-Year Change | 607.22% |
| Growth Volatility | 39.11 |
Shenzhen King Explorer Science and Technology Corp Class A - Net Assets Trend (2013–2025)
This chart illustrates how Shenzhen King Explorer Science and Technology Corp Class A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shenzhen King Explorer Science and Techn market cap and net worth.
Annual Net Assets for Shenzhen King Explorer Science and Technology Corp Class A (2013–2025)
The table below shows the annual net assets of Shenzhen King Explorer Science and Technology Corp Class A from 2013 to 2025. Also explore 002917 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.98 Billion ≈ $290.16 Million |
+8.57% |
| 2024-12-31 | CN¥1.83 Billion ≈ $267.25 Million |
+4.00% |
| 2023-12-31 | CN¥1.76 Billion ≈ $256.98 Million |
+3.69% |
| 2022-12-31 | CN¥1.69 Billion ≈ $247.83 Million |
+64.22% |
| 2021-12-31 | CN¥1.03 Billion ≈ $150.91 Million |
+23.98% |
| 2020-12-31 | CN¥831.83 Million ≈ $121.72 Million |
+7.87% |
| 2019-12-31 | CN¥771.17 Million ≈ $112.85 Million |
+8.27% |
| 2018-12-31 | CN¥712.25 Million ≈ $104.22 Million |
+10.96% |
| 2017-12-31 | CN¥641.89 Million ≈ $93.93 Million |
+128.93% |
| 2016-12-31 | CN¥280.38 Million ≈ $41.03 Million |
+87.32% |
| 2015-12-31 | CN¥149.68 Million ≈ $21.90 Million |
-0.32% |
| 2014-12-31 | CN¥150.16 Million ≈ $21.97 Million |
+26.24% |
| 2013-12-31 | CN¥118.95 Million ≈ $17.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen King Explorer Science and Technology Corp Class A'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 1167.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥558.44 Million | 32.68% |
| Other Components | CN¥1.15 Billion | 67.32% |
| Total Equity | CN¥1.71 Billion | 100.00% |
Shenzhen King Explorer Science and Technology Corp Class A Competitors by Market Cap
The table below lists competitors of Shenzhen King Explorer Science and Technology Corp Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fulgent Genetics Inc
NASDAQ:FLGT
|
$514.81 Million |
|
Eastern Polymer Group Public Company Limited
BK:EPG
|
$514.91 Million |
|
Shanghai Conglin Environmental Protection Technology Co. Ltd. A
SHG:688370
|
$515.02 Million |
|
Ningbo Daye Garden Machinery Co Ltd
SHE:300879
|
$515.05 Million |
|
Vital Farms Inc
NASDAQ:VITL
|
$514.75 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$514.68 Million |
|
Alpha Networks Inc
TW:3380
|
$514.57 Million |
|
Deep Industries Limited
NSE:DEEPINDS
|
$514.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen King Explorer Science and Technology Corp Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,570,825,767 to 1,708,777,971, a change of 137,952,204 (8.8%).
- Net income of 174,572,123 contributed positively to equity growth.
- Dividend payments of 58,503,089 reduced retained earnings.
- Other comprehensive income decreased equity by 60,399,011.
- Other factors increased equity by 82,282,181.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥174.57 Million | +10.22% |
| Dividends Paid | CN¥58.50 Million | -3.42% |
| Other Comprehensive Income | CN¥-60.40 Million | -3.53% |
| Other Changes | CN¥82.28 Million | +4.82% |
| Total Change | CN¥- | 8.78% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen King Explorer Science and Technology Corp Class A'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: 2.06x
- 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 20.38x to 2.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.50 | CN¥10.12 | x |
| 2014-12-31 | CN¥0.64 | CN¥10.12 | x |
| 2015-12-31 | CN¥0.62 | CN¥10.12 | x |
| 2016-12-31 | CN¥1.67 | CN¥10.12 | x |
| 2017-12-31 | CN¥2.98 | CN¥10.12 | x |
| 2018-12-31 | CN¥2.41 | CN¥10.12 | x |
| 2019-12-31 | CN¥2.59 | CN¥10.12 | x |
| 2020-12-31 | CN¥2.80 | CN¥10.12 | x |
| 2021-12-31 | CN¥2.84 | CN¥10.12 | x |
| 2022-12-31 | CN¥4.26 | CN¥10.12 | x |
| 2023-12-31 | CN¥4.37 | CN¥10.12 | x |
| 2024-12-31 | CN¥4.58 | CN¥10.12 | x |
| 2025-12-31 | CN¥4.92 | CN¥10.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen King Explorer Science and Technology Corp Class A 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): 10.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.87%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.84x
- Recent ROE (10.22%) is below the historical average (14.51%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.33% | 7.00% | 0.70x | 2.91x | CN¥4.38 Million |
| 2014 | 22.45% | 9.08% | 0.94x | 2.63x | CN¥16.11 Million |
| 2015 | 57.34% | 18.18% | 1.20x | 2.64x | CN¥59.88 Million |
| 2016 | 24.67% | 13.54% | 1.02x | 1.79x | CN¥36.73 Million |
| 2017 | 10.34% | 14.47% | 0.57x | 1.24x | CN¥2.08 Million |
| 2018 | 9.97% | 15.56% | 0.51x | 1.25x | CN¥-183.21K |
| 2019 | 8.71% | 13.57% | 0.51x | 1.27x | CN¥-9.05 Million |
| 2020 | 9.01% | 10.82% | 0.53x | 1.56x | CN¥-7.52 Million |
| 2021 | 5.18% | 4.89% | 0.38x | 2.79x | CN¥-37.10 Million |
| 2022 | 1.74% | 2.12% | 0.39x | 2.11x | CN¥-120.06 Million |
| 2023 | 6.72% | 6.74% | 0.48x | 2.09x | CN¥-49.60 Million |
| 2024 | 7.90% | 7.60% | 0.51x | 2.03x | CN¥-33.01 Million |
| 2025 | 10.22% | 9.87% | 0.56x | 1.84x | CN¥3.69 Million |
Industry Comparison
This section compares Shenzhen King Explorer Science and Technology Corp Class A's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,295,542,691
- Average return on equity (ROE) among peers: 6.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen King Explorer Science and Technology Corp Class A (002917) | CN¥2.03 Billion | 14.33% | 0.55x | $514.77 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $421.30 Million |
| Hengyi Petrochemical Co Ltd (000703) | $317.69 Million | 4.78% | 1.26x | $9.48 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $964.66 Million | 9.99% | 1.51x | $815.80 Million |
| Luxi Chemical Group Co Ltd (000830) | $8.64 Billion | 2.92% | 1.90x | $3.27 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.57 Billion | -2.17% | 0.02x | $8.29 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.91 Billion | 7.90% | 0.27x | $1.24 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.91 Billion | 1.35% | 3.00x | $1.40 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $96.46 Million | 22.88% | 0.50x | $798.90 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.50 Billion | 9.56% | 0.29x | $1.84 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $3.62 Billion | 4.90% | 2.05x | $477.95 Million |
About Shenzhen King Explorer Science and Technology Corp Class A
Shenzhen King Explorer Science and Technology Corporation is involved in the research and development, design, manufacture, sales, and service provision of intelligent civil explosive equipment in China and internationally. The company provides bulk and packaged explosives equipment; intelligent information systems; detonator assembly line and products; and related raw materials, as well as infor… Read more