Qingdao Kutesmart Co Ltd (300840) - Net Assets
Based on the latest financial reports, Qingdao Kutesmart Co Ltd (300840) has net assets worth CN¥1.26 Billion CNY (≈ $184.86 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.62 Billion ≈ $237.71 Million USD) and total liabilities (CN¥361.17 Million ≈ $52.85 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 Qingdao Kutesmart Co Ltd (300840) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.26 Billion |
| % of Total Assets | 77.77% |
| Annual Growth Rate | 15.27% |
| 5-Year Change | 33.22% |
| 10-Year Change | N/A |
| Growth Volatility | 17.59 |
Qingdao Kutesmart Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Qingdao Kutesmart Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300840 total assets for the complete picture of this company's asset base.
Annual Net Assets for Qingdao Kutesmart Co Ltd (2016–2024)
The table below shows the annual net assets of Qingdao Kutesmart Co Ltd from 2016 to 2024. For live valuation and market cap data, see Qingdao Kutesmart Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.26 Billion ≈ $184.57 Million |
+6.93% |
| 2023-12-31 | CN¥1.18 Billion ≈ $172.61 Million |
+9.13% |
| 2022-12-31 | CN¥1.08 Billion ≈ $158.17 Million |
+7.67% |
| 2021-12-31 | CN¥1.00 Billion ≈ $146.90 Million |
+6.03% |
| 2020-12-31 | CN¥946.83 Million ≈ $138.55 Million |
+62.23% |
| 2019-12-31 | CN¥583.64 Million ≈ $85.40 Million |
+10.09% |
| 2018-12-31 | CN¥530.15 Million ≈ $77.58 Million |
+13.42% |
| 2017-12-31 | CN¥467.42 Million ≈ $68.40 Million |
+15.54% |
| 2016-12-31 | CN¥404.56 Million ≈ $59.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Qingdao Kutesmart Co Ltd'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 629.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥545.45 Million | 43.24% |
| Other Components | CN¥715.89 Million | 56.76% |
| Total Equity | CN¥1.26 Billion | 100.00% |
Qingdao Kutesmart Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Kutesmart Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Develop Advanced Manufacturing Co Ltd
SHG:688377
|
$864.44 Million |
|
Shenzhen Comix Group Co Ltd
SHE:002301
|
$864.45 Million |
|
Thyrocare Technologies Limited
NSE:THYROCARE
|
$864.51 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$864.54 Million |
|
Telsys
TA:TLSY
|
$864.00 Million |
|
Zhang Jia Jie Tourism Group Co Ltd
SHE:000430
|
$863.68 Million |
|
General Interface Solution GIS Holding Ltd
TW:6456
|
$863.07 Million |
|
Bain Capital Specialty Finance Inc
NYSE:BCSF
|
$862.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Kutesmart Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,184,684,461 to 1,261,344,646, a change of 76,660,186 (6.5%).
- Net income of 88,632,898 contributed positively to equity growth.
- Dividend payments of 17,629,603 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥88.63 Million | +7.03% |
| Dividends Paid | CN¥17.63 Million | -1.4% |
| Other Changes | CN¥5.66 Million | +0.45% |
| Total Change | CN¥- | 6.47% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Kutesmart Co Ltd'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: 4.68x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.48x to 4.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.60 | CN¥24.61 | x |
| 2018-12-31 | CN¥2.95 | CN¥24.61 | x |
| 2019-12-31 | CN¥3.24 | CN¥24.61 | x |
| 2020-12-31 | CN¥3.95 | CN¥24.61 | x |
| 2021-12-31 | CN¥4.18 | CN¥24.61 | x |
| 2022-12-31 | CN¥4.51 | CN¥24.61 | x |
| 2023-12-31 | CN¥4.94 | CN¥24.61 | x |
| 2024-12-31 | CN¥5.26 | CN¥24.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Kutesmart Co Ltd 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): 7.03%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.51%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.25x
- Recent ROE (7.03%) is below the historical average (8.52%), 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 | 4.88% | 4.71% | 0.56x | 1.87x | CN¥-20.72 Million |
| 2017 | 12.52% | 10.03% | 0.71x | 1.75x | CN¥11.80 Million |
| 2018 | 12.00% | 10.77% | 0.70x | 1.60x | CN¥10.58 Million |
| 2019 | 11.77% | 12.83% | 0.70x | 1.31x | CN¥10.31 Million |
| 2020 | 5.03% | 7.61% | 0.55x | 1.20x | CN¥-47.06 Million |
| 2021 | 6.11% | 10.35% | 0.44x | 1.34x | CN¥-39.01 Million |
| 2022 | 7.89% | 13.84% | 0.39x | 1.46x | CN¥-22.83 Million |
| 2023 | 9.44% | 14.97% | 0.43x | 1.46x | CN¥-6.69 Million |
| 2024 | 7.03% | 12.51% | 0.45x | 1.25x | CN¥-37.50 Million |
Industry Comparison
This section compares Qingdao Kutesmart Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,630,441,004
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Kutesmart Co Ltd (300840) | CN¥1.26 Billion | 4.88% | 0.29x | $864.29 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.87 Billion | 13.26% | 0.15x | $1.53 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $5.26 Billion | 5.08% | 0.51x | $912.00 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.13 Billion | 10.49% | 0.29x | $403.90 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $3.32 Billion | 11.03% | 0.46x | $911.84 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $2.84 Billion | -10.74% | 1.33x | $573.55 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.36 Billion | 7.30% | 0.67x | $510.57 Million |
| Cedar Development Co Ltd (002485) | $445.93 Million | 24.89% | 1.15x | $359.02 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.93 Billion | 0.87% | 0.33x | $309.19 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.85 Billion | 9.69% | 0.18x | $2.21 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $303.49 Million | -63.53% | 1.17x | $355.72 Million |
About Qingdao Kutesmart Co Ltd
Qingdao Kutesmart Co.,Ltd. manufactures and sells men's, women's, and children's wear in China and internationally. The company offers suits, trousers, linings, T-shirts, windbreakers, underwear, coats, vests, pants, jackets, sweaters, dresses, and other related products. It also operates stores. The company was formerly known as Qingdao Kaimiao Clothing Co., Ltd. Qingdao Kutesmart Co.,Ltd. was f… Read more