Chengdu Rainbow Appliance Gr (003023) - Net Assets
Based on the latest financial reports, Chengdu Rainbow Appliance Gr (003023) has net assets worth CN¥1.63 Billion CNY (≈ $238.12 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¥2.22 Billion ≈ $324.55 Million USD) and total liabilities (CN¥590.66 Million ≈ $86.43 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 strategic asset allocation of Chengdu Rainbow Appliance Gr to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.63 Billion |
| % of Total Assets | 73.37% |
| Annual Growth Rate | 12.23% |
| 5-Year Change | 16.44% |
| 10-Year Change | N/A |
| Growth Volatility | 18.54 |
Chengdu Rainbow Appliance Gr - Net Assets Trend (2016–2025)
This chart illustrates how Chengdu Rainbow Appliance Gr's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 003023 company net worth.
Annual Net Assets for Chengdu Rainbow Appliance Gr (2016–2025)
The table below shows the annual net assets of Chengdu Rainbow Appliance Gr from 2016 to 2025. Also explore net asset growth rate of Chengdu Rainbow Appliance Gr to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.61 Billion ≈ $235.06 Million |
+1.65% |
| 2024-12-31 | CN¥1.58 Billion ≈ $231.26 Million |
+4.74% |
| 2023-12-31 | CN¥1.51 Billion ≈ $220.79 Million |
+4.65% |
| 2022-12-31 | CN¥1.44 Billion ≈ $210.98 Million |
+4.51% |
| 2021-12-31 | CN¥1.38 Billion ≈ $201.87 Million |
+5.86% |
| 2020-12-31 | CN¥1.30 Billion ≈ $190.71 Million |
+64.33% |
| 2019-12-31 | CN¥793.05 Million ≈ $116.05 Million |
+7.60% |
| 2018-12-31 | CN¥737.05 Million ≈ $107.85 Million |
+18.33% |
| 2017-12-31 | CN¥622.88 Million ≈ $91.15 Million |
+9.51% |
| 2016-12-31 | CN¥568.77 Million ≈ $83.23 Million |
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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 155.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥896.00 Million | 57.15% |
| Other Components | CN¥671.79 Million | 42.85% |
| Total Equity | CN¥1.57 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 |
|---|---|
|
Wonderful Hi-Tech Co Ltd
TWO:6190
|
$393.40 Million |
|
Anhui ANLI Artificial Leather
SHE:300218
|
$393.41 Million |
|
Shoe Carnival Inc
NASDAQ:SCVL
|
$393.42 Million |
|
Ambac Financial Group Inc
NYSE:AMBC
|
$393.43 Million |
|
Magnetic Resources NL
AU:MAU
|
$393.29 Million |
|
Styrenix Performance Materials Limited
NSE:STYRENIX
|
$393.28 Million |
|
Shenzhen Zqgame
SHE:300052
|
$393.14 Million |
|
Hansa Biopharma AB
ST:HNSA
|
$393.01 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 2024 to 2025, total equity changed from 1,545,978,213 to 1,567,787,165, a change of 21,808,952 (1.4%).
- Net income of 63,670,163 contributed positively to equity growth.
- Dividend payments of 42,212,133 reduced retained earnings.
- Other comprehensive income decreased equity by 186,529,625.
- Other factors increased equity by 186,880,547.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.67 Million | +4.06% |
| Dividends Paid | CN¥42.21 Million | -2.69% |
| Other Comprehensive Income | CN¥-186.53 Million | -11.9% |
| Other Changes | CN¥186.88 Million | +11.92% |
| Total Change | CN¥- | 1.41% |
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: 1.71x
- 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 3.77x to 1.71x 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¥25.52 | x |
| 2017-12-31 | CN¥7.41 | CN¥25.52 | x |
| 2018-12-31 | CN¥8.83 | CN¥25.52 | x |
| 2019-12-31 | CN¥9.56 | CN¥25.52 | x |
| 2020-12-31 | CN¥15.90 | CN¥25.52 | x |
| 2021-12-31 | CN¥12.76 | CN¥25.52 | x |
| 2022-12-31 | CN¥13.41 | CN¥25.52 | x |
| 2023-12-31 | CN¥14.03 | CN¥25.52 | x |
| 2024-12-31 | CN¥14.68 | CN¥25.52 | x |
| 2025-12-31 | CN¥14.88 | CN¥25.52 | 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): 4.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.56%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.33x
- Recent ROE (4.06%) is below the historical average (10.01%), 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 |
| 2025 | 4.06% | 5.56% | 0.55x | 1.33x | CN¥-93.11 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: $1,625,800,542
- Average return on equity (ROE) among peers: 9.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Rainbow Appliance Gr (003023) | CN¥1.63 Billion | 13.51% | 0.36x | $393.39 Million |
| Lonkey Industrial Co Ltd Guangzhou (000523) | $1.56 Billion | 4.80% | 1.06x | $910.51 Million |
| Tianjin Yiyi Hygiene Products Co Ltd (001206) | $1.81 Billion | 8.32% | 0.12x | $448.86 Million |
| Hunan Resun Co Ltd (001218) | $2.06 Billion | 5.82% | 0.30x | $458.70 Million |
| Qingdao Kingking Applied Chemistry Co Ltd (002094) | $3.37 Billion | 3.09% | 0.75x | $517.63 Million |
| C&S Paper Co Ltd (002511) | $3.04 Billion | 11.47% | 0.90x | $1.32 Billion |
| Anhui Deli Household Glass Co Ltd (002571) | $258.46 Million | 22.17% | 1.11x | $622.87 Million |
| Mingchen Health Co Ltd Class A (002919) | $537.52 Million | 9.02% | 0.27x | $653.87 Million |
| Chongqing Baiya Sanitary Products Co (003006) | $1.39 Billion | 17.18% | 0.36x | $1.33 Billion |
| Fujian Green Pine Co Ltd (300132) | $600.32 Million | 1.82% | 0.50x | $464.14 Million |
About 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.