Changhong Meiling Co Ltd B
Changhong Meiling Co., Ltd. engages in the research, development, and manufacturing of refrigeration appliances and washing machines in China and internationally. It operates through four segments: Air-Conditioning; Refrigerator & Freezer & Washing Machine; Small Home Appliance; and Others. The company offers a refrigerator (freezer) lineup, which includes the household, commercial, and medical s… Read more
Changhong Meiling Co Ltd B (200521) - Net Assets
Latest net assets as of June 2025: HK$6.57 Billion HKD
Based on the latest financial reports, Changhong Meiling Co Ltd B (200521) has net assets worth HK$6.57 Billion HKD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$27.63 Billion) and total liabilities (HK$21.05 Billion). 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 | HK$6.57 Billion |
| % of Total Assets | 23.79% |
| Annual Growth Rate | 11.72% |
| 5-Year Change | 30.52% |
| 10-Year Change | 89.38% |
| Growth Volatility | 28.91 |
Changhong Meiling Co Ltd B - Net Assets Trend (1992–2024)
This chart illustrates how Changhong Meiling Co Ltd B's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changhong Meiling Co Ltd B (1992–2024)
The table below shows the annual net assets of Changhong Meiling Co Ltd B from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$6.48 Billion | +4.56% |
| 2023-12-31 | HK$6.19 Billion | +11.83% |
| 2022-12-31 | HK$5.54 Billion | +10.90% |
| 2021-12-31 | HK$4.99 Billion | +0.66% |
| 2020-12-31 | HK$4.96 Billion | -2.93% |
| 2019-12-31 | HK$5.11 Billion | -0.46% |
| 2018-12-31 | HK$5.14 Billion | -0.42% |
| 2017-12-31 | HK$5.16 Billion | -0.17% |
| 2016-12-31 | HK$5.17 Billion | +51.06% |
| 2015-12-31 | HK$3.42 Billion | -0.54% |
| 2014-12-31 | HK$3.44 Billion | +7.19% |
| 2013-12-31 | HK$3.21 Billion | +7.59% |
| 2012-12-31 | HK$2.98 Billion | +4.46% |
| 2011-12-31 | HK$2.85 Billion | +3.93% |
| 2010-12-31 | HK$2.75 Billion | +103.49% |
| 2009-12-31 | HK$1.35 Billion | +25.31% |
| 2008-12-31 | HK$1.08 Billion | +15.70% |
| 2007-12-31 | HK$930.83 Million | +4.14% |
| 2006-12-31 | HK$893.80 Million | +1.64% |
| 2005-12-31 | HK$879.37 Million | +0.82% |
| 2004-12-31 | HK$872.22 Million | +1.92% |
| 2003-12-31 | HK$855.75 Million | -17.35% |
| 2002-12-31 | HK$1.04 Billion | +0.72% |
| 2001-12-31 | HK$1.03 Billion | -25.38% |
| 2000-12-31 | HK$1.38 Billion | -1.92% |
| 1999-12-31 | HK$1.40 Billion | +1.05% |
| 1998-12-31 | HK$1.39 Billion | +3.16% |
| 1997-12-31 | HK$1.35 Billion | +21.26% |
| 1996-12-31 | HK$1.11 Billion | +69.86% |
| 1995-12-31 | HK$654.07 Million | +43.11% |
| 1994-12-31 | HK$457.05 Million | +21.60% |
| 1993-12-31 | HK$375.87 Million | +101.57% |
| 1992-12-31 | HK$186.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changhong Meiling Co Ltd B'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 180320718500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$1.80 Billion | 29.63% |
| Common Stock | HK$1.03 Billion | 16.92% |
| Other Comprehensive Income | HK$47.79 Million | 0.79% |
| Other Components | HK$3.20 Billion | 52.66% |
| Total Equity | HK$6.09 Billion | 100.00% |
Changhong Meiling Co Ltd B Competitors by Market Cap
The table below lists competitors of Changhong Meiling Co Ltd B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Willis Lease Finance Corporation
NASDAQ:WLFC
|
$364.73 Million |
|
Atea Pharmaceuticals Inc
NASDAQ:AVIR
|
$364.79 Million |
|
ShenZhen V&T Technologies Co Ltd
SHE:300484
|
$364.80 Million |
|
Jiangsu Libert Inc
SHG:605167
|
$364.86 Million |
|
PC Jeweller Limited
NSE:PCJEWELLER
|
$364.47 Million |
|
Real Brokerage Inc
NASDAQ:REAX
|
$364.46 Million |
|
Stolt-Nielsen Limited
PINK:SOIEF
|
$364.45 Million |
|
Colony Bankcorp Inc.
NYSE:CBAN
|
$364.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changhong Meiling Co Ltd B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,824,782,654 to 6,085,800,940, a change of 261,018,286 (4.5%).
- Net income of 699,270,051 contributed positively to equity growth.
- Dividend payments of 332,802,391 reduced retained earnings.
- Other comprehensive income decreased equity by 467,849,891.
- Other factors increased equity by 362,400,517.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$699.27 Million | +11.49% |
| Dividends Paid | HK$332.80 Million | -5.47% |
| Other Comprehensive Income | HK$-467.85 Million | -7.69% |
| Other Changes | HK$362.40 Million | +5.95% |
| Total Change | HK$- | 4.48% |
Book Value vs Market Value Analysis
This analysis compares Changhong Meiling Co Ltd B'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: 0.67x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 12.60x to 0.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | HK$0.31 | HK$3.95 | x |
| 1993-12-31 | HK$0.63 | HK$3.95 | x |
| 1994-12-31 | HK$0.77 | HK$3.95 | x |
| 1995-12-31 | HK$1.10 | HK$3.95 | x |
| 1996-12-31 | HK$1.80 | HK$3.95 | x |
| 1997-12-31 | HK$2.26 | HK$3.95 | x |
| 1998-12-31 | HK$2.34 | HK$3.95 | x |
| 1999-12-31 | HK$2.36 | HK$3.95 | x |
| 2000-12-31 | HK$2.31 | HK$3.95 | x |
| 2001-12-31 | HK$1.73 | HK$3.95 | x |
| 2002-12-31 | HK$1.74 | HK$3.95 | x |
| 2003-12-31 | HK$1.41 | HK$3.95 | x |
| 2004-12-31 | HK$1.44 | HK$3.95 | x |
| 2005-12-31 | HK$1.45 | HK$3.95 | x |
| 2006-12-31 | HK$1.47 | HK$3.95 | x |
| 2007-12-31 | HK$1.53 | HK$3.95 | x |
| 2008-12-31 | HK$1.78 | HK$3.95 | x |
| 2009-12-31 | HK$2.22 | HK$3.95 | x |
| 2010-12-31 | HK$5.47 | HK$3.95 | x |
| 2011-12-31 | HK$4.39 | HK$3.95 | x |
| 2012-12-31 | HK$3.87 | HK$3.95 | x |
| 2013-12-31 | HK$4.17 | HK$3.95 | x |
| 2014-12-31 | HK$4.48 | HK$3.95 | x |
| 2015-12-31 | HK$4.43 | HK$3.95 | x |
| 2016-12-31 | HK$6.29 | HK$3.95 | x |
| 2017-12-31 | HK$4.84 | HK$3.95 | x |
| 2018-12-31 | HK$4.80 | HK$3.95 | x |
| 2019-12-31 | HK$4.79 | HK$3.95 | x |
| 2020-12-31 | HK$4.67 | HK$3.95 | x |
| 2021-12-31 | HK$4.70 | HK$3.95 | x |
| 2022-12-31 | HK$5.02 | HK$3.95 | x |
| 2023-12-31 | HK$5.66 | HK$3.95 | x |
| 2024-12-31 | HK$5.91 | HK$3.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changhong Meiling Co Ltd B 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): 11.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.44%
- • Asset Turnover: 1.19x
- • Equity Multiplier: 3.94x
- Recent ROE (11.49%) is above the historical average (5.19%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 22.85% | 8.74% | 1.20x | 2.19x | HK$23.95 Million |
| 1993 | 23.07% | 9.79% | 1.37x | 1.72x | HK$49.13 Million |
| 1994 | 23.90% | 9.05% | 1.42x | 1.86x | HK$63.52 Million |
| 1995 | 17.19% | 8.84% | 0.98x | 1.99x | HK$47.00 Million |
| 1996 | 13.50% | 9.55% | 0.69x | 2.05x | HK$37.55 Million |
| 1997 | 8.75% | 8.34% | 0.61x | 1.73x | HK$-16.79 Million |
| 1998 | 6.01% | 6.10% | 0.56x | 1.75x | HK$-55.49 Million |
| 1999 | 4.87% | 5.16% | 0.52x | 1.81x | HK$-72.00 Million |
| 2000 | 0.40% | 0.41% | 0.53x | 1.83x | HK$-132.22 Million |
| 2001 | -34.00% | -27.04% | 0.57x | 2.20x | HK$-452.35 Million |
| 2002 | 0.78% | 0.64% | 0.55x | 2.22x | HK$-95.43 Million |
| 2003 | -23.15% | -14.07% | 0.62x | 2.67x | HK$-278.75 Million |
| 2004 | 1.96% | 1.17% | 0.61x | 2.75x | HK$-68.93 Million |
| 2005 | 0.77% | 0.33% | 0.83x | 2.83x | HK$-79.71 Million |
| 2006 | 1.37% | 0.43% | 1.16x | 2.71x | HK$-75.58 Million |
| 2007 | 1.93% | 0.45% | 1.33x | 3.22x | HK$-73.56 Million |
| 2008 | 2.42% | 0.59% | 1.28x | 3.20x | HK$-80.34 Million |
| 2009 | 22.74% | 4.76% | 1.32x | 3.61x | HK$168.76 Million |
| 2010 | 11.99% | 3.96% | 1.16x | 2.62x | HK$54.12 Million |
| 2011 | 3.81% | 1.18% | 1.18x | 2.72x | HK$-173.02 Million |
| 2012 | 6.50% | 2.07% | 1.18x | 2.67x | HK$-103.38 Million |
| 2013 | 8.60% | 2.60% | 1.24x | 2.67x | HK$-44.66 Million |
| 2014 | 8.60% | 2.74% | 1.19x | 2.63x | HK$-47.77 Million |
| 2015 | 0.78% | 0.25% | 1.15x | 2.68x | HK$-311.96 Million |
| 2016 | 4.32% | 1.76% | 1.00x | 2.45x | HK$-289.30 Million |
| 2017 | 0.64% | 0.19% | 1.05x | 3.16x | HK$-472.63 Million |
| 2018 | 0.77% | 0.22% | 1.12x | 3.10x | HK$-462.91 Million |
| 2019 | 0.87% | 0.26% | 1.17x | 2.84x | HK$-456.98 Million |
| 2020 | -1.63% | -0.51% | 0.96x | 3.32x | HK$-564.54 Million |
| 2021 | 1.80% | 0.48% | 1.19x | 3.14x | HK$-396.64 Million |
| 2022 | 4.73% | 1.21% | 1.25x | 3.13x | HK$-272.29 Million |
| 2023 | 12.72% | 3.06% | 1.25x | 3.33x | HK$158.56 Million |
| 2024 | 11.49% | 2.44% | 1.19x | 3.94x | HK$90.69 Million |
Industry Comparison
This section compares Changhong Meiling Co Ltd B's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changhong Meiling Co Ltd B (200521) | HK$6.57 Billion | 22.85% | 3.20x | $364.69 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |