Kingfa Sci&Tech Co Ltd (600143) - Net Assets
Based on the latest financial reports, Kingfa Sci&Tech Co Ltd (600143) has net assets worth CN¥21.48 Billion CNY (≈ $3.14 Billion 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¥63.79 Billion ≈ $9.34 Billion USD) and total liabilities (CN¥42.31 Billion ≈ $6.19 Billion 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 Kingfa Sci&Tech Co Ltd (600143) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥21.48 Billion |
| % of Total Assets | 33.68% |
| Annual Growth Rate | 23.72% |
| 5-Year Change | 37.29% |
| 10-Year Change | 145.26% |
| Growth Volatility | 39.65 |
Kingfa Sci&Tech Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Kingfa Sci&Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600143 company net worth.
Annual Net Assets for Kingfa Sci&Tech Co Ltd (2001–2024)
The table below shows the annual net assets of Kingfa Sci&Tech Co Ltd from 2001 to 2024. Also explore Kingfa Sci&Tech Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.62 Billion ≈ $3.02 Billion |
+15.07% |
| 2023-12-31 | CN¥17.92 Billion ≈ $2.62 Billion |
-2.03% |
| 2022-12-31 | CN¥18.29 Billion ≈ $2.68 Billion |
+9.38% |
| 2021-12-31 | CN¥16.72 Billion ≈ $2.45 Billion |
+11.34% |
| 2020-12-31 | CN¥15.02 Billion ≈ $2.20 Billion |
+40.26% |
| 2019-12-31 | CN¥10.71 Billion ≈ $1.57 Billion |
+3.41% |
| 2018-12-31 | CN¥10.35 Billion ≈ $1.51 Billion |
+3.05% |
| 2017-12-31 | CN¥10.05 Billion ≈ $1.47 Billion |
+3.30% |
| 2016-12-31 | CN¥9.73 Billion ≈ $1.42 Billion |
+15.70% |
| 2015-12-31 | CN¥8.41 Billion ≈ $1.23 Billion |
+2.86% |
| 2014-12-31 | CN¥8.17 Billion ≈ $1.20 Billion |
+1.64% |
| 2013-12-31 | CN¥8.04 Billion ≈ $1.18 Billion |
-0.26% |
| 2012-12-31 | CN¥8.06 Billion ≈ $1.18 Billion |
+70.22% |
| 2011-12-31 | CN¥4.74 Billion ≈ $692.97 Million |
+25.92% |
| 2010-12-31 | CN¥3.76 Billion ≈ $550.34 Million |
+12.90% |
| 2009-12-31 | CN¥3.33 Billion ≈ $487.48 Million |
+11.85% |
| 2008-12-31 | CN¥2.98 Billion ≈ $435.83 Million |
+11.65% |
| 2007-12-31 | CN¥2.67 Billion ≈ $390.35 Million |
+110.19% |
| 2006-12-31 | CN¥1.27 Billion ≈ $185.71 Million |
+30.79% |
| 2005-12-31 | CN¥970.36 Million ≈ $141.99 Million |
+14.10% |
| 2004-12-31 | CN¥850.43 Million ≈ $124.45 Million |
+169.59% |
| 2003-12-31 | CN¥315.45 Million ≈ $46.16 Million |
+33.69% |
| 2002-12-31 | CN¥235.96 Million ≈ $34.53 Million |
+53.12% |
| 2001-12-31 | CN¥154.10 Million ≈ $22.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kingfa Sci&Tech 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 59998.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.92 Billion | 55.25% |
| Common Stock | CN¥2.64 Billion | 14.68% |
| Other Comprehensive Income | CN¥2.74 Billion | 15.24% |
| Other Components | CN¥2.66 Billion | 14.83% |
| Total Equity | CN¥17.96 Billion | 100.00% |
Kingfa Sci&Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Kingfa Sci&Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Sidike New Materials Sci Te
SHE:300806
|
$5.15 Billion |
|
Bilibili Inc
NASDAQ:BILI
|
$5.15 Billion |
|
Iridium Communications Inc
NASDAQ:IRDM
|
$5.15 Billion |
|
Xian Sunresin New Materials Co Ltd
SHE:300487
|
$5.16 Billion |
|
Shanghai 2345 Network Holding Group
SHE:002195
|
$5.15 Billion |
|
Bank of Ayudhya Public Company Limited
F:NVAU
|
$5.15 Billion |
|
Zalando SE
XETRA:ZAL
|
$5.15 Billion |
|
Lifan Industry Group Co Ltd
SHG:601777
|
$5.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingfa Sci&Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,348,874,802 to 17,961,845,000, a change of 1,612,970,198 (9.9%).
- Net income of 824,624,786 contributed positively to equity growth.
- Dividend payments of 1,146,462,998 reduced retained earnings.
- Share repurchases of 552,266,875 reduced equity.
- Other comprehensive income increased equity by 1,157,774,810.
- Other factors increased equity by 1,329,300,475.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥824.62 Million | +4.59% |
| Dividends Paid | CN¥1.15 Billion | -6.38% |
| Share Repurchases | CN¥552.27 Million | -3.07% |
| Other Comprehensive Income | CN¥1.16 Billion | +6.45% |
| Other Changes | CN¥1.33 Billion | +7.4% |
| Total Change | CN¥- | 9.87% |
Book Value vs Market Value Analysis
This analysis compares Kingfa Sci&Tech 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: 1.97x
- 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 180.46x to 1.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.07 | CN¥13.36 | x |
| 2002-12-31 | CN¥0.11 | CN¥13.36 | x |
| 2003-12-31 | CN¥0.15 | CN¥13.36 | x |
| 2004-12-31 | CN¥0.41 | CN¥13.36 | x |
| 2005-12-31 | CN¥0.46 | CN¥13.36 | x |
| 2006-12-31 | CN¥0.61 | CN¥13.36 | x |
| 2007-12-31 | CN¥1.14 | CN¥13.36 | x |
| 2008-12-31 | CN¥1.26 | CN¥13.36 | x |
| 2009-12-31 | CN¥1.30 | CN¥13.36 | x |
| 2010-12-31 | CN¥1.51 | CN¥13.36 | x |
| 2011-12-31 | CN¥1.98 | CN¥13.36 | x |
| 2012-12-31 | CN¥3.02 | CN¥13.36 | x |
| 2013-12-31 | CN¥3.00 | CN¥13.36 | x |
| 2014-12-31 | CN¥3.04 | CN¥13.36 | x |
| 2015-12-31 | CN¥3.28 | CN¥13.36 | x |
| 2016-12-31 | CN¥3.77 | CN¥13.36 | x |
| 2017-12-31 | CN¥3.65 | CN¥13.36 | x |
| 2018-12-31 | CN¥3.77 | CN¥13.36 | x |
| 2019-12-31 | CN¥4.01 | CN¥13.36 | x |
| 2020-12-31 | CN¥5.77 | CN¥13.36 | x |
| 2021-12-31 | CN¥5.82 | CN¥13.36 | x |
| 2022-12-31 | CN¥6.37 | CN¥13.36 | x |
| 2023-12-31 | CN¥6.14 | CN¥13.36 | x |
| 2024-12-31 | CN¥6.80 | CN¥13.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingfa Sci&Tech 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): 4.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.36%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 3.44x
- Recent ROE (4.59%) is below the historical average (13.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 19.12% | 4.62% | 1.54x | 2.69x | CN¥13.78 Million |
| 2002 | 31.91% | 6.54% | 2.00x | 2.44x | CN¥51.05 Million |
| 2003 | 29.57% | 5.93% | 2.04x | 2.45x | CN¥61.24 Million |
| 2004 | 12.65% | 4.38% | 1.44x | 2.00x | CN¥21.91 Million |
| 2005 | 17.30% | 4.73% | 1.70x | 2.15x | CN¥69.02 Million |
| 2006 | 24.73% | 6.60% | 1.61x | 2.32x | CN¥182.83 Million |
| 2007 | 15.81% | 6.17% | 1.07x | 2.39x | CN¥145.71 Million |
| 2008 | 8.00% | 3.17% | 1.16x | 2.17x | CN¥-56.85 Million |
| 2009 | 9.57% | 4.02% | 0.89x | 2.67x | CN¥-12.70 Million |
| 2010 | 16.92% | 5.65% | 1.09x | 2.74x | CN¥236.47 Million |
| 2011 | 21.24% | 8.27% | 1.14x | 2.26x | CN¥505.49 Million |
| 2012 | 9.93% | 6.35% | 0.96x | 1.62x | CN¥-5.55 Million |
| 2013 | 9.67% | 5.23% | 1.08x | 1.70x | CN¥-25.46 Million |
| 2014 | 6.24% | 3.10% | 1.17x | 1.72x | CN¥-300.29 Million |
| 2015 | 8.54% | 4.54% | 1.07x | 1.77x | CN¥-121.27 Million |
| 2016 | 7.64% | 4.10% | 0.89x | 2.10x | CN¥-227.81 Million |
| 2017 | 5.52% | 2.37% | 1.12x | 2.09x | CN¥-444.55 Million |
| 2018 | 6.10% | 2.46% | 1.13x | 2.19x | CN¥-399.30 Million |
| 2019 | 11.81% | 4.25% | 1.00x | 2.77x | CN¥190.55 Million |
| 2020 | 30.91% | 13.08% | 1.08x | 2.19x | CN¥3.10 Billion |
| 2021 | 11.09% | 4.13% | 0.83x | 3.22x | CN¥162.80 Million |
| 2022 | 12.05% | 4.93% | 0.73x | 3.35x | CN¥338.97 Million |
| 2023 | 1.94% | 0.66% | 0.78x | 3.77x | CN¥-1.32 Billion |
| 2024 | 4.59% | 1.36% | 0.98x | 3.44x | CN¥-971.56 Million |
Industry Comparison
This section compares Kingfa Sci&Tech Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,387,505,556
- Average return on equity (ROE) among peers: 6.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingfa Sci&Tech Co Ltd (600143) | CN¥21.48 Billion | 19.12% | 1.97x | $5.15 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $665.79 Million | 5.30% | 1.14x | $430.81 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $10.11 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $552.98 Million | 12.21% | 1.11x | $830.87 Million |
| Luxi Chemical Group Co Ltd (000830) | $910.26 Million | 5.22% | 1.06x | $3.32 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $996.00 Million | 10.15% | 2.50x | $8.48 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.25 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.94 Billion | 12.08% | 1.20x | $1.47 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $826.84 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.88 Billion | 8.19% | 0.59x | $1.85 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.15 Billion | 3.53% | 2.08x | $497.78 Million |
About Kingfa Sci&Tech Co Ltd
Kingfa Sci. & Tech. Co., Ltd. engages in the research, development, production, and sale of chemical products worldwide. It offers modified plastics, recycled plastics, biodegradable plastics, specialty engineering plastics, carbon fiber and composite materials, hydrocarbon and hydrogen energy, resins, and medical and healthcare polymer materials. Its products and materials are used in office sup… Read more