Kexin Development Co Ltd Shanxi
Kexin Development Co.,Ltd,Shanxi engages in construction engineering, office leasing, and internet advertising and marketing businesses. The company is involved in the provision of architectural decoration, design, and installation projects, including hotels, real estate marketing centers, office buildings, and residential model apartments. It also provides property management services; and digit… Read more
Kexin Development Co Ltd Shanxi (600234) - Net Assets
Latest net assets as of September 2025: CN¥519.56 Million CNY
Based on the latest financial reports, Kexin Development Co Ltd Shanxi (600234) has net assets worth CN¥519.56 Million 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¥853.31 Million) and total liabilities (CN¥333.74 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¥519.56 Million |
| % of Total Assets | 60.89% |
| Annual Growth Rate | 4.86% |
| 5-Year Change | 225.36% |
| 10-Year Change | 614.13% |
| Growth Volatility | 119.53 |
Kexin Development Co Ltd Shanxi - Net Assets Trend (1997–2024)
This chart illustrates how Kexin Development Co Ltd Shanxi's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kexin Development Co Ltd Shanxi (1997–2024)
The table below shows the annual net assets of Kexin Development Co Ltd Shanxi from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥488.13 Million | +9.34% |
| 2023-12-31 | CN¥446.45 Million | -27.66% |
| 2022-12-31 | CN¥617.18 Million | -2.82% |
| 2021-12-31 | CN¥635.07 Million | +323.31% |
| 2020-12-31 | CN¥150.02 Million | +61.08% |
| 2019-12-31 | CN¥93.13 Million | +27.95% |
| 2018-12-31 | CN¥72.79 Million | -17.90% |
| 2017-12-31 | CN¥88.66 Million | -24.09% |
| 2016-12-31 | CN¥116.79 Million | +70.87% |
| 2015-12-31 | CN¥68.35 Million | -19.80% |
| 2014-12-31 | CN¥85.22 Million | +11.52% |
| 2013-12-31 | CN¥76.42 Million | +189.32% |
| 2012-12-31 | CN¥-85.56 Million | -43.77% |
| 2011-12-31 | CN¥-59.51 Million | +66.21% |
| 2010-12-31 | CN¥-176.10 Million | -2.23% |
| 2009-12-31 | CN¥-172.25 Million | +57.83% |
| 2008-12-31 | CN¥-408.50 Million | -8.53% |
| 2007-12-31 | CN¥-376.40 Million | +46.12% |
| 2006-12-31 | CN¥-698.60 Million | +1.21% |
| 2005-12-31 | CN¥-707.19 Million | -84.66% |
| 2004-12-31 | CN¥-382.96 Million | -340.39% |
| 2003-12-31 | CN¥159.31 Million | +100.60% |
| 2002-12-31 | CN¥79.42 Million | -63.94% |
| 2001-12-31 | CN¥220.22 Million | -28.29% |
| 2000-12-31 | CN¥307.11 Million | +109.77% |
| 1999-12-31 | CN¥146.40 Million | +8.04% |
| 1998-12-31 | CN¥135.50 Million | -0.11% |
| 1997-12-31 | CN¥135.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kexin Development Co Ltd Shanxi'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 decreased by 54524225251.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥262.52 Million | 55.98% |
| Other Comprehensive Income | CN¥276.51 Million | 58.97% |
| Other Components | CN¥479.81 Million | 102.32% |
| Total Equity | CN¥468.92 Million | 100.00% |
Kexin Development Co Ltd Shanxi Competitors by Market Cap
The table below lists competitors of Kexin Development Co Ltd Shanxi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pro Real Estate Investment Trust
PINK:PRVFF
|
$235.86 Million |
|
Saga plc
PINK:SGPLF
|
$235.89 Million |
|
EnQuest PLC
PINK:ENQUF
|
$235.91 Million |
|
Texmaco Rail & Engineering Limited
NSE:TEXRAIL
|
$236.07 Million |
|
Jiangsu Xinning Modern Logist
SHE:300013
|
$235.74 Million |
|
Shenzhen Maxonic Auto Control
SHE:300112
|
$235.74 Million |
|
WITHSECURE CORP.
F:DTV0
|
$235.64 Million |
|
Sampoerna Agro Tbk
JK:SGRO
|
$235.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kexin Development Co Ltd Shanxi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 428,938,851 to 468,915,809, a change of 39,976,958 (9.3%).
- Net income of 39,976,958 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥39.98 Million | +8.53% |
| Total Change | CN¥- | 9.32% |
Book Value vs Market Value Analysis
This analysis compares Kexin Development Co Ltd Shanxi'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: 8.48x
- 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 15.86x to 8.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.94 | CN¥14.92 | x |
| 1998-12-31 | CN¥0.94 | CN¥14.92 | x |
| 1999-12-31 | CN¥1.02 | CN¥14.92 | x |
| 2000-12-31 | CN¥2.13 | CN¥14.92 | x |
| 2001-12-31 | CN¥1.53 | CN¥14.92 | x |
| 2002-12-31 | CN¥0.55 | CN¥14.92 | x |
| 2003-12-31 | CN¥1.05 | CN¥14.92 | x |
| 2004-12-31 | CN¥-2.43 | CN¥14.92 | x |
| 2005-12-31 | CN¥-4.62 | CN¥14.92 | x |
| 2006-12-31 | CN¥-5.02 | CN¥14.92 | x |
| 2007-12-31 | CN¥-1.87 | CN¥14.92 | x |
| 2008-12-31 | CN¥-1.95 | CN¥14.92 | x |
| 2009-12-31 | CN¥-0.86 | CN¥14.92 | x |
| 2010-12-31 | CN¥-0.83 | CN¥14.92 | x |
| 2011-12-31 | CN¥-0.54 | CN¥14.92 | x |
| 2012-12-31 | CN¥-0.63 | CN¥14.92 | x |
| 2013-12-31 | CN¥0.22 | CN¥14.92 | x |
| 2014-12-31 | CN¥0.29 | CN¥14.92 | x |
| 2015-12-31 | CN¥0.23 | CN¥14.92 | x |
| 2016-12-31 | CN¥0.47 | CN¥14.92 | x |
| 2017-12-31 | CN¥0.53 | CN¥14.92 | x |
| 2018-12-31 | CN¥0.26 | CN¥14.92 | x |
| 2019-12-31 | CN¥0.36 | CN¥14.92 | x |
| 2020-12-31 | CN¥0.64 | CN¥14.92 | x |
| 2021-12-31 | CN¥2.35 | CN¥14.92 | x |
| 2022-12-31 | CN¥2.28 | CN¥14.92 | x |
| 2023-12-31 | CN¥1.63 | CN¥14.92 | x |
| 2024-12-31 | CN¥1.76 | CN¥14.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kexin Development Co Ltd Shanxi 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): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.67%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.86x
- Recent ROE (8.53%) is above the historical average (-5.36%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 10.71% | 2.80% | 1.68x | 2.28x | CN¥965.39K |
| 1998 | 8.38% | 2.98% | 1.18x | 2.38x | CN¥-2.20 Million |
| 1999 | 12.68% | 4.14% | 1.34x | 2.29x | CN¥3.92 Million |
| 2000 | 6.35% | 4.61% | 0.94x | 1.46x | CN¥-11.21 Million |
| 2001 | -31.05% | -48.97% | 0.21x | 3.08x | CN¥-90.41 Million |
| 2002 | -177.29% | -100.68% | 0.24x | 7.35x | CN¥-148.74 Million |
| 2003 | 13.74% | 3.08% | 0.85x | 5.24x | CN¥5.66 Million |
| 2004 | 0.00% | -29.81% | 1.53x | 0.00x | CN¥-174.46 Million |
| 2005 | 0.00% | -588.53% | 0.46x | 0.00x | CN¥-224.82 Million |
| 2006 | 0.00% | 13.05% | 0.52x | 0.00x | CN¥76.01 Million |
| 2007 | 0.00% | -35.24% | 1.32x | 0.00x | CN¥-5.45 Million |
| 2008 | 0.00% | -35.80% | 0.92x | 0.00x | CN¥10.58 Million |
| 2009 | 0.00% | 57.90% | 0.23x | 0.00x | CN¥61.72 Million |
| 2010 | 0.00% | -16.43% | 0.11x | 0.00x | CN¥11.22 Million |
| 2011 | 0.00% | 99.79% | 0.16x | 0.00x | CN¥79.04 Million |
| 2012 | 0.00% | -194.39% | 0.06x | 0.00x | CN¥-35.65 Million |
| 2013 | 76.17% | 321.35% | 0.02x | 10.03x | CN¥29.16 Million |
| 2014 | -17.34% | -103.17% | 0.02x | 7.46x | CN¥-17.21 Million |
| 2015 | -34.41% | -147.08% | 0.02x | 10.29x | CN¥-20.79 Million |
| 2016 | 14.77% | 69.18% | 0.04x | 5.16x | CN¥4.61 Million |
| 2017 | -35.88% | -175.96% | 0.03x | 6.71x | CN¥-32.59 Million |
| 2018 | -31.37% | -11.58% | 0.29x | 9.34x | CN¥-22.36 Million |
| 2019 | 22.98% | 7.41% | 0.38x | 8.23x | CN¥9.54 Million |
| 2020 | 43.38% | 5.05% | 1.06x | 8.11x | CN¥43.33 Million |
| 2021 | 2.48% | 2.58% | 0.57x | 1.69x | CN¥-46.46 Million |
| 2022 | -3.25% | -16.32% | 0.14x | 1.41x | CN¥-79.46 Million |
| 2023 | -39.78% | -243.43% | 0.11x | 1.55x | CN¥-213.54 Million |
| 2024 | 8.53% | 10.67% | 0.43x | 1.86x | CN¥-6.91 Million |
Industry Comparison
This section compares Kexin Development Co Ltd Shanxi's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $1,004,333,883
- Average return on equity (ROE) among peers: 61.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kexin Development Co Ltd Shanxi (600234) | CN¥519.56 Million | 10.71% | 0.64x | $235.85 Million |
| Genimous Technology Co Ltd (000676) | $14.87 Million | 0.00% | 0.30x | $1.05 Billion |
| Hunan TV & Broadcast Intermediary Co Ltd (000917) | $755.42 Million | 8.03% | 0.57x | $1.56 Billion |
| Focus Media Information Technology Co Ltd (002027) | $495.40 Million | 487.45% | 0.19x | $8.99 Billion |
| NanJi ECommerce Co Ltd (002127) | $153.93 Million | 4.67% | 3.70x | $589.83 Million |
| Leo Group Co Ltd (002131) | $562.88 Million | 17.30% | 0.33x | $5.55 Billion |
| Foshan Saturday Shoes Co Ltd (002291) | $1.46 Billion | 6.86% | 0.23x | $703.20 Million |
| Guangdong Advertising Co Ltd (002400) | $5.47 Billion | 11.17% | 0.91x | $1.72 Billion |
| Simei Media Co Ltd (002712) | $831.91 Million | 8.51% | 0.43x | $252.68 Million |
| Beijing Yuanlong Yato Culture Dissemination Co Ltd (002878) | $240.85 Million | 20.86% | 1.01x | $314.70 Million |
| Beijing Quanshi World Online Net (002995) | $53.09 Million | 46.94% | 1.74x | $321.41 Million |