Xuchang Ketop Testing Research Ins
Xuchang KETOP Testing Research Institute Co.,Ltd operates as a third-party testing company in China. It provides testing services for power system secondary equipment, other technical services and sales of testing equipment, smart micro-grid equipment and systems, and electric vehicle charging and battery swap systems. The company was founded in 2005 and is based in Xuchang, China.
Xuchang Ketop Testing Research Ins (003008) - Net Assets
Latest net assets as of September 2025: CN¥1.05 Billion CNY
Based on the latest financial reports, Xuchang Ketop Testing Research Ins (003008) has net assets worth CN¥1.05 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¥1.10 Billion) and total liabilities (CN¥45.68 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¥1.05 Billion |
| % of Total Assets | 95.84% |
| Annual Growth Rate | 28.8% |
| 5-Year Change | 7.33% |
| 10-Year Change | N/A |
| Growth Volatility | 53.06 |
Xuchang Ketop Testing Research Ins - Net Assets Trend (2016–2024)
This chart illustrates how Xuchang Ketop Testing Research Ins's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Xuchang Ketop Testing Research Ins (2016–2024)
The table below shows the annual net assets of Xuchang Ketop Testing Research Ins from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.08 Billion | +0.89% |
| 2023-12-31 | CN¥1.07 Billion | +1.79% |
| 2022-12-31 | CN¥1.05 Billion | +2.84% |
| 2021-12-31 | CN¥1.02 Billion | +1.62% |
| 2020-12-31 | CN¥1.00 Billion | +168.40% |
| 2019-12-31 | CN¥374.07 Million | +26.60% |
| 2018-12-31 | CN¥295.49 Million | +37.66% |
| 2017-12-31 | CN¥214.64 Million | +50.83% |
| 2016-12-31 | CN¥142.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xuchang Ketop Testing Research Ins'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 244.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥307.68 Million | 28.55% |
| Common Stock | CN¥104.00 Million | 9.65% |
| Other Comprehensive Income | CN¥50.44 Million | 4.68% |
| Other Components | CN¥615.50 Million | 57.12% |
| Total Equity | CN¥1.08 Billion | 100.00% |
Xuchang Ketop Testing Research Ins Competitors by Market Cap
The table below lists competitors of Xuchang Ketop Testing Research Ins ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Designer Brands Inc
NYSE:DBI
|
$153.96 Million |
|
Ohio Valley Banc Corp
NASDAQ:OVBC
|
$153.97 Million |
|
Is Girisim Sermayesi Yatirim Ortakligi AS
IS:ISGSY
|
$153.99 Million |
|
JS GL LIFESTYLE DL-00001
F:3JS
|
$154.00 Million |
|
Westwing Group AG
F:WEW
|
$153.82 Million |
|
Beijing Tong Ren Tang Chinese Medicine Company Limited
PINK:BJTRF
|
$153.70 Million |
|
308430
KQ:308430
|
$153.64 Million |
|
Guangdong Yantang Dairy Co Ltd
SHE:002732
|
$153.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xuchang Ketop Testing Research Ins's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,068,059,556 to 1,077,614,917, a change of 9,555,361 (0.9%).
- Net income of 85,555,360 contributed positively to equity growth.
- Dividend payments of 60,400,000 reduced retained earnings.
- Other comprehensive income increased equity by 50,435,241.
- Other factors decreased equity by 66,035,240.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥85.56 Million | +7.94% |
| Dividends Paid | CN¥60.40 Million | -5.6% |
| Other Comprehensive Income | CN¥50.44 Million | +4.68% |
| Other Changes | CN¥-66.04 Million | -6.13% |
| Total Change | CN¥- | 0.89% |
Book Value vs Market Value Analysis
This analysis compares Xuchang Ketop Testing Research Ins'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: 2.27x
- 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 9.91x to 2.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.37 | CN¥23.49 | x |
| 2017-12-31 | CN¥3.58 | CN¥23.49 | x |
| 2018-12-31 | CN¥4.93 | CN¥23.49 | x |
| 2019-12-31 | CN¥6.29 | CN¥23.49 | x |
| 2020-12-31 | CN¥12.55 | CN¥23.49 | x |
| 2021-12-31 | CN¥12.75 | CN¥23.49 | x |
| 2022-12-31 | CN¥13.12 | CN¥23.49 | x |
| 2023-12-31 | CN¥10.27 | CN¥23.49 | x |
| 2024-12-31 | CN¥10.33 | CN¥23.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xuchang Ketop Testing Research Ins 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 38.65%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.07x
- Recent ROE (7.94%) is below the historical average (21.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 51.98% | 55.57% | 0.71x | 1.31x | CN¥59.74 Million |
| 2017 | 46.13% | 60.01% | 0.62x | 1.24x | CN¥77.55 Million |
| 2018 | 35.48% | 55.29% | 0.48x | 1.34x | CN¥75.30 Million |
| 2019 | 28.93% | 53.35% | 0.48x | 1.12x | CN¥70.81 Million |
| 2020 | 7.40% | 44.87% | 0.16x | 1.05x | CN¥-26.14 Million |
| 2021 | 6.30% | 44.65% | 0.13x | 1.06x | CN¥-37.77 Million |
| 2022 | 6.58% | 44.24% | 0.14x | 1.09x | CN¥-35.92 Million |
| 2023 | 5.50% | 30.81% | 0.17x | 1.08x | CN¥-48.01 Million |
| 2024 | 7.94% | 38.65% | 0.19x | 1.07x | CN¥-22.21 Million |
Industry Comparison
This section compares Xuchang Ketop Testing Research Ins's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $1,025,508,782
- Average return on equity (ROE) among peers: 6.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xuchang Ketop Testing Research Ins (003008) | CN¥1.05 Billion | 51.98% | 0.04x | $153.91 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Tungkong Inc (002117) | $211.00 Million | 24.79% | 1.36x | $504.60 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.12 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |