Joy Kie Corporation Limited. (300994) - Net Assets
Based on the latest financial reports, Joy Kie Corporation Limited. (300994) has net assets worth CN¥1.24 Billion CNY (≈ $181.30 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.29 Billion ≈ $334.37 Million USD) and total liabilities (CN¥1.05 Billion ≈ $153.07 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 300994 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.24 Billion |
| % of Total Assets | 54.22% |
| Annual Growth Rate | 35.26% |
| 5-Year Change | 177.36% |
| 10-Year Change | N/A |
| Growth Volatility | 52.42 |
Joy Kie Corporation Limited. - Net Assets Trend (2017–2024)
This chart illustrates how Joy Kie Corporation Limited.'s net assets have evolved over time, based on quarterly financial data. Also explore 300994 asset base for the complete picture of this company's asset base.
Annual Net Assets for Joy Kie Corporation Limited. (2017–2024)
The table below shows the annual net assets of Joy Kie Corporation Limited. from 2017 to 2024. For live valuation and market cap data, see 300994 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.21 Billion ≈ $177.52 Million |
+3.36% |
| 2023-12-31 | CN¥1.17 Billion ≈ $171.76 Million |
-0.48% |
| 2022-12-31 | CN¥1.18 Billion ≈ $172.59 Million |
+9.47% |
| 2021-12-31 | CN¥1.08 Billion ≈ $157.66 Million |
+146.32% |
| 2020-12-31 | CN¥437.39 Million ≈ $64.00 Million |
+29.11% |
| 2019-12-31 | CN¥338.78 Million ≈ $49.57 Million |
+98.50% |
| 2018-12-31 | CN¥170.67 Million ≈ $24.97 Million |
+16.53% |
| 2017-12-31 | CN¥146.46 Million ≈ $21.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Joy Kie Corporation Limited.'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 463.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥310.67 Million | 26.68% |
| Common Stock | CN¥233.09 Million | 20.02% |
| Other Comprehensive Income | CN¥75.94 Million | 6.52% |
| Other Components | CN¥544.86 Million | 46.79% |
| Total Equity | CN¥1.16 Billion | 100.00% |
Joy Kie Corporation Limited. Competitors by Market Cap
The table below lists competitors of Joy Kie Corporation Limited. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Fluence Technology PLC
SHE:300647
|
$473.13 Million |
|
Cre8 Direct Ningbo Co Ltd
SHE:300703
|
$473.30 Million |
|
Ranpak Holdings Corp
NYSE:PACK
|
$473.35 Million |
|
Apex Healthcare Bhd
KLSE:7090
|
$473.43 Million |
|
B+S GROUP SA INH EO-06
F:70B
|
$473.04 Million |
|
Myoung Shin Industrial Co Ltd
KO:009900
|
$472.92 Million |
|
Nexity
PA:NXI
|
$472.87 Million |
|
Lionco Pharm Grp Co Ltd
SHG:603669
|
$472.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joy Kie Corporation Limited.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,123,870,917 to 1,164,559,555, a change of 40,688,638 (3.6%).
- Net income of 122,765,208 contributed positively to equity growth.
- Dividend payments of 85,308,382 reduced retained earnings.
- Other comprehensive income increased equity by 9,694,674.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥122.77 Million | +10.54% |
| Dividends Paid | CN¥85.31 Million | -7.33% |
| Other Comprehensive Income | CN¥9.69 Million | +0.83% |
| Other Changes | CN¥-6.46 Million | -0.55% |
| Total Change | CN¥- | 3.62% |
Book Value vs Market Value Analysis
This analysis compares Joy Kie Corporation Limited.'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: 2.76x
- 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 22.07x to 2.76x 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¥0.63 | CN¥13.87 | x |
| 2018-12-31 | CN¥0.73 | CN¥13.87 | x |
| 2019-12-31 | CN¥1.45 | CN¥13.87 | x |
| 2020-12-31 | CN¥2.55 | CN¥13.87 | x |
| 2021-12-31 | CN¥4.62 | CN¥13.87 | x |
| 2022-12-31 | CN¥4.84 | CN¥13.87 | x |
| 2023-12-31 | CN¥4.86 | CN¥13.87 | x |
| 2024-12-31 | CN¥5.03 | CN¥13.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joy Kie Corporation Limited. 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): 10.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 1.87x
- Recent ROE (10.54%) is below the historical average (21.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 22.22% | 1.85% | 2.63x | 4.56x | CN¥17.90 Million |
| 2018 | 30.25% | 2.84% | 2.86x | 3.73x | CN¥34.55 Million |
| 2019 | 30.10% | 5.68% | 2.37x | 2.24x | CN¥68.11 Million |
| 2020 | 35.84% | 6.86% | 2.14x | 2.44x | CN¥113.01 Million |
| 2021 | 19.05% | 5.53% | 1.92x | 1.79x | CN¥97.47 Million |
| 2022 | 14.89% | 7.06% | 1.37x | 1.54x | CN¥55.12 Million |
| 2023 | 9.47% | 5.31% | 1.14x | 1.57x | CN¥-5.92 Million |
| 2024 | 10.54% | 4.40% | 1.28x | 1.87x | CN¥6.31 Million |
Industry Comparison
This section compares Joy Kie Corporation Limited.'s net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $742,182,131
- Average return on equity (ROE) among peers: 3.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joy Kie Corporation Limited. (300994) | CN¥1.24 Billion | 22.22% | 0.84x | $473.08 Million |
| China Bicycle Co Holdings Ltd (000017) | $11.44 Million | -68.29% | 4.48x | $413.48 Million |
| HL Corp Shenzhen (002105) | $711.36 Million | 23.22% | 1.58x | $363.89 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $192.47 Million | 24.76% | 0.35x | $1.54 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $794.85 Million | 1.42% | 0.03x | $614.35 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.55 Billion | 6.31% | 0.29x | $1.25 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $3.39 Billion | 8.51% | 0.81x | $525.73 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $1.66 Billion | 10.98% | 0.20x | $1.19 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $569.63 Million | 1.45% | 0.14x | $455.54 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $249.64 Million | 29.77% | 1.70x | $730.57 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.71 Billion | 0.00% | 0.00x | $66.51 Million |
About Joy Kie Corporation Limited.
Joy Kie Corporation Limited engages in the designing, research and development, producing, and sale of bicycles, accessories, and related derivative products in China and internationally. The company offers adult, children's, power-assisted electric bicycles, as well as bicycle parts, cycling equipment, and clothing products; and other complete vehicles. It sells its products under the JoyStar, H… Read more