Marssenger Kitchenware Co. Ltd.
Marssenger Kitchenware Co., Ltd. engages in the research and development, design, production, and sale of new kitchen appliances in China. It offers integrated stoves, such as gas stoves and range hoods; integrated dishwashers, integrated sinks, and other water-washing products; kitchen cabinets; built-in appliances, including built-in ovens and built-in steamers; and gas water heaters. The compa… Read more
Marssenger Kitchenware Co. Ltd. (300894) - Net Assets
Latest net assets as of September 2025: CN¥1.20 Billion CNY
Based on the latest financial reports, Marssenger Kitchenware Co. Ltd. (300894) has net assets worth CN¥1.20 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¥2.18 Billion) and total liabilities (CN¥982.93 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¥1.20 Billion |
| % of Total Assets | 54.96% |
| Annual Growth Rate | N/A |
| 5-Year Change | 5.39% |
| 10-Year Change | 6343.93% |
| Growth Volatility | 126.38 |
Marssenger Kitchenware Co. Ltd. - Net Assets Trend (2014–2024)
This chart illustrates how Marssenger Kitchenware Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marssenger Kitchenware Co. Ltd. (2014–2024)
The table below shows the annual net assets of Marssenger Kitchenware Co. Ltd. from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.42 Billion | -13.98% |
| 2023-12-31 | CN¥1.65 Billion | +0.17% |
| 2022-12-31 | CN¥1.65 Billion | +11.41% |
| 2021-12-31 | CN¥1.48 Billion | +9.79% |
| 2020-12-31 | CN¥1.35 Billion | +131.17% |
| 2019-12-31 | CN¥581.88 Million | +42.70% |
| 2018-12-31 | CN¥407.75 Million | +47.88% |
| 2017-12-31 | CN¥275.74 Million | +144.87% |
| 2016-12-31 | CN¥112.61 Million | +411.86% |
| 2015-12-31 | CN¥22.00 Million | +188.78% |
| 2014-12-31 | CN¥-24.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marssenger Kitchenware 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 34191404272.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥287.13 Million | 20.25% |
| Common Stock | CN¥407.72 Million | 28.76% |
| Other Components | CN¥722.80 Million | 50.99% |
| Total Equity | CN¥1.42 Billion | 100.00% |
Marssenger Kitchenware Co. Ltd. Competitors by Market Cap
The table below lists competitors of Marssenger Kitchenware Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NWTN Inc. Class B Ordinary Shares
NASDAQ:NWTN
|
$241.94 Million |
|
Insight Acquisition Corp. Units
NASDAQ:INAQU
|
$241.97 Million |
|
Glotech Industrial
TWO:5475
|
$242.06 Million |
|
Wuxi Lihu Corporation Limited Class A
SHE:300694
|
$242.08 Million |
|
Karat Packaging Inc
NASDAQ:KRT
|
$241.81 Million |
|
Guangdong Decro Film New
SHE:001378
|
$241.78 Million |
|
PlayNitride Inc.
TW:6854
|
$241.78 Million |
|
Handa Pharmaceuticals Inc.
TWO:6620
|
$241.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marssenger Kitchenware Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,649,490,762 to 1,417,650,712, a change of -231,840,050 (-14.1%).
- Net income of 11,151,228 contributed positively to equity growth.
- Dividend payments of 254,080,486 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.15 Million | +0.79% |
| Dividends Paid | CN¥254.08 Million | -17.92% |
| Other Changes | CN¥11.09 Million | +0.78% |
| Total Change | CN¥- | -14.06% |
Book Value vs Market Value Analysis
This analysis compares Marssenger Kitchenware 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: 2.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥-0.08 | CN¥11.08 | x |
| 2015-12-31 | CN¥0.07 | CN¥11.08 | x |
| 2016-12-31 | CN¥0.38 | CN¥11.08 | x |
| 2017-12-31 | CN¥0.91 | CN¥11.08 | x |
| 2018-12-31 | CN¥1.24 | CN¥11.08 | x |
| 2019-12-31 | CN¥1.44 | CN¥11.08 | x |
| 2020-12-31 | CN¥3.32 | CN¥11.08 | x |
| 2021-12-31 | CN¥3.65 | CN¥11.08 | x |
| 2022-12-31 | CN¥4.06 | CN¥11.08 | x |
| 2023-12-31 | CN¥3.94 | CN¥11.08 | x |
| 2024-12-31 | CN¥3.81 | CN¥11.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marssenger Kitchenware 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.81%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.75x
- Recent ROE (0.79%) is below the historical average (29.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 0.00% | 2.58% | 0.95x | 0.00x | CN¥6.45 Million |
| 2015 | 76.27% | 8.93% | 0.94x | 9.06x | CN¥14.58 Million |
| 2016 | 47.74% | 15.65% | 1.13x | 2.70x | CN¥42.50 Million |
| 2017 | 59.16% | 23.30% | 1.10x | 2.31x | CN¥135.56 Million |
| 2018 | 22.65% | 9.66% | 1.11x | 2.11x | CN¥51.57 Million |
| 2019 | 41.20% | 18.08% | 1.15x | 1.99x | CN¥181.55 Million |
| 2020 | 20.46% | 17.05% | 0.75x | 1.61x | CN¥140.69 Million |
| 2021 | 25.42% | 16.20% | 0.97x | 1.62x | CN¥227.95 Million |
| 2022 | 19.12% | 13.81% | 0.71x | 1.95x | CN¥149.99 Million |
| 2023 | 14.99% | 11.56% | 0.64x | 2.02x | CN¥82.30 Million |
| 2024 | 0.79% | 0.81% | 0.55x | 1.75x | CN¥-130.61 Million |
Industry Comparison
This section compares Marssenger Kitchenware Co. Ltd.'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 |
|---|---|---|---|---|
| Marssenger Kitchenware Co. Ltd. (300894) | CN¥1.20 Billion | 0.00% | 0.82x | $241.91 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 |