Keystone Electrical (Zhejiang) Co. Ltd. A (301448) - Net Assets
Based on the latest financial reports, Keystone Electrical (Zhejiang) Co. Ltd. A (301448) has net assets worth CN¥664.37 Million CNY (≈ $97.22 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¥842.14 Million ≈ $123.23 Million USD) and total liabilities (CN¥177.77 Million ≈ $26.01 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 Keystone Electrical (Zhejiang) Co. Ltd. (301448) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥664.37 Million |
| % of Total Assets | 78.89% |
| Annual Growth Rate | 36.33% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.67 |
Keystone Electrical (Zhejiang) Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Keystone Electrical (Zhejiang) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore Keystone Electrical (Zhejiang) Co. Ltd. balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Keystone Electrical (Zhejiang) Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Keystone Electrical (Zhejiang) Co. Ltd. A from 2021 to 2024. For live valuation and market cap data, see 301448 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥697.15 Million ≈ $102.01 Million |
+5.87% |
| 2023-12-31 | CN¥658.52 Million ≈ $96.36 Million |
+107.22% |
| 2022-12-31 | CN¥317.78 Million ≈ $46.50 Million |
+15.52% |
| 2021-12-31 | CN¥275.09 Million ≈ $40.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Keystone Electrical (Zhejiang) Co. Ltd. A'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 95.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥216.50 Million | 30.75% |
| Other Components | CN¥487.55 Million | 69.25% |
| Total Equity | CN¥704.05 Million | 100.00% |
Keystone Electrical (Zhejiang) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Keystone Electrical (Zhejiang) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wilh Wilhelmsen Holding ASA B
OL:WWIB
|
$602.39 Million |
|
Qingdao Kingking Applied Chemistry Co Ltd
SHE:002094
|
$602.56 Million |
|
Deluxe Family Co Ltd
SHG:600503
|
$602.58 Million |
|
Gansu Engineering Consulting Group Co Ltd
SHE:000779
|
$602.65 Million |
|
Shanghai HiTech Control System
SHE:002184
|
$601.98 Million |
|
Maxic Technology Inc. A
SHG:688458
|
$601.60 Million |
|
Everjoy Health Group Co Ltd
SHE:002162
|
$601.58 Million |
|
Mutares SE & Co. KGaA
XETRA:MUX
|
$601.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keystone Electrical (Zhejiang) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 664,672,108 to 704,051,601, a change of 39,379,492 (5.9%).
- Net income of 70,387,899 contributed positively to equity growth.
- Dividend payments of 32,480,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥70.39 Million | +10.0% |
| Dividends Paid | CN¥32.48 Million | -4.61% |
| Other Changes | CN¥1.47 Million | +0.21% |
| Total Change | CN¥- | 5.92% |
Book Value vs Market Value Analysis
This analysis compares Keystone Electrical (Zhejiang) Co. Ltd. A'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: 5.81x
- 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 11.13x to 5.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥3.54 | CN¥39.35 | x |
| 2022-12-31 | CN¥4.14 | CN¥39.35 | x |
| 2023-12-31 | CN¥6.39 | CN¥39.35 | x |
| 2024-12-31 | CN¥6.77 | CN¥39.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keystone Electrical (Zhejiang) Co. Ltd. A 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): 10.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.41%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.35x
- Recent ROE (10.00%) is below the historical average (15.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 24.48% | 8.38% | 1.81x | 1.61x | CN¥39.92 Million |
| 2022 | 18.31% | 9.89% | 1.30x | 1.43x | CN¥26.83 Million |
| 2023 | 7.73% | 8.77% | 0.70x | 1.25x | CN¥-15.06 Million |
| 2024 | 10.00% | 8.41% | 0.88x | 1.35x | CN¥-17.26K |
Industry Comparison
This section compares Keystone Electrical (Zhejiang) Co. Ltd. A's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,221,799,146
- Average return on equity (ROE) among peers: 15.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keystone Electrical (Zhejiang) Co. Ltd. A (301448) | CN¥664.37 Million | 24.48% | 0.27x | $602.30 Million |
| Bosun Tools Co Ltd (002282) | $3.47 Billion | 3.71% | 0.13x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $670.77 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $200.12 Million | 86.55% | 2.62x | $537.47 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $5.98 Billion |
| Geron Co Ltd (002722) | $1.91 Billion | 3.09% | 0.60x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $743.83 Million | 8.69% | 0.52x | $2.16 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $532.49 Million | 21.79% | 0.53x | $950.76 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $1.38 Billion | 3.65% | 0.84x | $979.13 Million |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About Keystone Electrical (Zhejiang) Co. Ltd. A
Keystone Electrical (Zhejiang) Co.,Ltd. develops and manufactures tools, and power tools and accessories in China. Its products include angle grinder, impact drill, circular saw, reciprocating saw, jig saw, etc. The company was founded in 2015 and is based in Jinhua, China.