Chengdu Rainbow Appliance Gr
Chengdu Rainbow Appliance (Group) Shares Co., Ltd. manufacture and sells flexible electric heating blankets in China. The company offers electric blanket, heated overblanket, electric heating pad, and electric feet warmer. The company was founded in 1982 and is based in Chengdu, China.
Chengdu Rainbow Appliance Gr (003023) - Net Assets
Latest net assets as of September 2025: CN¥1.59 Billion CNY
Based on the latest financial reports, Chengdu Rainbow Appliance Gr (003023) has net assets worth CN¥1.59 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¥2.10 Billion) and total liabilities (CN¥513.98 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¥1.59 Billion |
| % of Total Assets | 75.52% |
| Annual Growth Rate | 13.63% |
| 5-Year Change | 21.26% |
| 10-Year Change | N/A |
| Growth Volatility | 19.16 |
Chengdu Rainbow Appliance Gr - Net Assets Trend (2016–2024)
This chart illustrates how Chengdu Rainbow Appliance Gr'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 Rainbow Appliance Gr (2016–2024)
The table below shows the annual net assets of Chengdu Rainbow Appliance Gr from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.58 Billion | +4.74% |
| 2023-12-31 | CN¥1.51 Billion | +4.65% |
| 2022-12-31 | CN¥1.44 Billion | +4.51% |
| 2021-12-31 | CN¥1.38 Billion | +5.86% |
| 2020-12-31 | CN¥1.30 Billion | +64.33% |
| 2019-12-31 | CN¥793.05 Million | +7.60% |
| 2018-12-31 | CN¥737.05 Million | +18.33% |
| 2017-12-31 | CN¥622.88 Million | +9.51% |
| 2016-12-31 | CN¥568.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chengdu Rainbow Appliance Gr'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 149.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥874.47 Million | 56.56% |
| Common Stock | CN¥105.34 Million | 6.81% |
| Other Comprehensive Income | CN¥186.53 Million | 12.07% |
| Other Components | CN¥379.64 Million | 24.56% |
| Total Equity | CN¥1.55 Billion | 100.00% |
Chengdu Rainbow Appliance Gr Competitors by Market Cap
The table below lists competitors of Chengdu Rainbow Appliance Gr ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SKS Technologies Group Ltd
AU:SKS
|
$163.73 Million |
|
Global Atomic Corp
OTCQX:GLATF
|
$163.79 Million |
|
MLP Group S.A.
WAR:MLG
|
$163.87 Million |
|
EML Payments Limited
PINK:EMCHF
|
$163.90 Million |
|
Jai Balaji Industries Limited
NSE:JAIBALAJI
|
$163.62 Million |
|
Global Bio-chem Technology Group Company Limited
PINK:GBCMY
|
$163.62 Million |
|
ST George Mining Ltd
AU:SGQ
|
$163.61 Million |
|
IBASE Technology
TWO:8050
|
$163.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Rainbow Appliance Gr's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,477,660,789 to 1,545,978,213, a change of 68,317,424 (4.6%).
- Net income of 109,587,840 contributed positively to equity growth.
- Dividend payments of 42,350,764 reduced retained earnings.
- Other comprehensive income increased equity by 182,470,524.
- Other factors decreased equity by 181,390,176.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥109.59 Million | +7.09% |
| Dividends Paid | CN¥42.35 Million | -2.74% |
| Other Comprehensive Income | CN¥182.47 Million | +11.8% |
| Other Changes | CN¥-181.39 Million | -11.73% |
| Total Change | CN¥- | 4.62% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Rainbow Appliance Gr'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: 1.64x
- 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 3.56x to 1.64x 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¥6.77 | CN¥24.09 | x |
| 2017-12-31 | CN¥7.41 | CN¥24.09 | x |
| 2018-12-31 | CN¥8.84 | CN¥24.09 | x |
| 2019-12-31 | CN¥7.15 | CN¥24.09 | x |
| 2020-12-31 | CN¥11.94 | CN¥24.09 | x |
| 2021-12-31 | CN¥12.79 | CN¥24.09 | x |
| 2022-12-31 | CN¥13.41 | CN¥24.09 | x |
| 2023-12-31 | CN¥14.07 | CN¥24.09 | x |
| 2024-12-31 | CN¥14.68 | CN¥24.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Rainbow Appliance Gr 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): 7.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.42%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.42x
- Recent ROE (7.09%) is below the historical average (10.67%), 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 | 13.51% | 8.82% | 0.75x | 2.04x | CN¥18.80 Million |
| 2017 | 13.39% | 9.39% | 0.76x | 1.89x | CN¥19.88 Million |
| 2018 | 19.94% | 13.00% | 0.81x | 1.89x | CN¥69.41 Million |
| 2019 | 11.19% | 8.38% | 0.77x | 1.73x | CN¥8.93 Million |
| 2020 | 8.95% | 10.57% | 0.57x | 1.50x | CN¥-13.19 Million |
| 2021 | 8.23% | 9.69% | 0.60x | 1.43x | CN¥-23.84 Million |
| 2022 | 6.71% | 8.04% | 0.59x | 1.40x | CN¥-46.36 Million |
| 2023 | 7.04% | 8.04% | 0.62x | 1.42x | CN¥-43.80 Million |
| 2024 | 7.09% | 8.42% | 0.59x | 1.42x | CN¥-45.01 Million |
Industry Comparison
This section compares Chengdu Rainbow Appliance Gr's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,110,095,865
- Average return on equity (ROE) among peers: 10.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Rainbow Appliance Gr (003023) | CN¥1.59 Billion | 13.51% | 0.32x | $163.63 Million |
| Lonkey Industrial Co Ltd Guangzhou (000523) | $104.40 Million | 15.81% | 1.73x | $544.84 Million |
| Tianjin Yiyi Hygiene Products Co Ltd (001206) | $1.73 Billion | 6.61% | 0.14x | $227.82 Million |
| Hunan Resun Co Ltd (001218) | $905.44 Million | 24.55% | 0.67x | $278.75 Million |
| Dencare (Chongqing) Oral Care Co. Ltd. A (001328) | $542.28 Million | 24.82% | 0.88x | $209.36 Million |
| Qingdao Kingking Applied Chemistry Co Ltd (002094) | $1.92 Billion | 9.63% | 0.50x | $502.87 Million |
| C&S Paper Co Ltd (002511) | $2.28 Billion | 5.08% | 0.97x | $746.47 Million |
| Anhui Deli Household Glass Co Ltd (002571) | $1.41 Billion | -9.08% | 0.25x | $335.13 Million |
| Mingchen Health Co Ltd Class A (002919) | $739.25 Million | 3.43% | 0.68x | $467.92 Million |
| Chongqing Baiya Sanitary Products Co (003006) | $359.21 Million | 16.81% | 0.32x | $504.23 Million |