Kexin Development Co Ltd Shanxi (600234) - Net Assets

Latest as of September 2025: CN¥519.56 Million CNY ≈ $76.03 Million USD

Based on the latest financial reports, Kexin Development Co Ltd Shanxi (600234) has net assets worth CN¥519.56 Million CNY (≈ $76.03 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¥853.31 Million ≈ $124.87 Million USD) and total liabilities (CN¥333.74 Million ≈ $48.84 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 600234 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Kexin Development Co Ltd Shanxi total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600234 market cap.

Year	Net Assets	Change
2024-12-31	CN¥488.13 Million ≈ $71.43 Million	+9.34%
2023-12-31	CN¥446.45 Million ≈ $65.33 Million	-27.66%
2022-12-31	CN¥617.18 Million ≈ $90.31 Million	-2.82%
2021-12-31	CN¥635.07 Million ≈ $92.93 Million	+323.31%
2020-12-31	CN¥150.02 Million ≈ $21.95 Million	+61.08%
2019-12-31	CN¥93.13 Million ≈ $13.63 Million	+27.95%
2018-12-31	CN¥72.79 Million ≈ $10.65 Million	-17.90%
2017-12-31	CN¥88.66 Million ≈ $12.97 Million	-24.09%
2016-12-31	CN¥116.79 Million ≈ $17.09 Million	+70.87%
2015-12-31	CN¥68.35 Million ≈ $10.00 Million	-19.80%
2014-12-31	CN¥85.22 Million ≈ $12.47 Million	+11.52%
2013-12-31	CN¥76.42 Million ≈ $11.18 Million	+189.32%
2012-12-31	CN¥-85.56 Million ≈ $-12.52 Million	-43.77%
2011-12-31	CN¥-59.51 Million ≈ $-8.71 Million	+66.21%
2010-12-31	CN¥-176.10 Million ≈ $-25.77 Million	-2.23%
2009-12-31	CN¥-172.25 Million ≈ $-25.21 Million	+57.83%
2008-12-31	CN¥-408.50 Million ≈ $-59.78 Million	-8.53%
2007-12-31	CN¥-376.40 Million ≈ $-55.08 Million	+46.12%
2006-12-31	CN¥-698.60 Million ≈ $-102.23 Million	+1.21%
2005-12-31	CN¥-707.19 Million ≈ $-103.48 Million	-84.66%
2004-12-31	CN¥-382.96 Million ≈ $-56.04 Million	-340.39%
2003-12-31	CN¥159.31 Million ≈ $23.31 Million	+100.60%
2002-12-31	CN¥79.42 Million ≈ $11.62 Million	-63.94%
2001-12-31	CN¥220.22 Million ≈ $32.22 Million	-28.29%
2000-12-31	CN¥307.11 Million ≈ $44.94 Million	+109.77%
1999-12-31	CN¥146.40 Million ≈ $21.42 Million	+8.04%
1998-12-31	CN¥135.50 Million ≈ $19.83 Million	-0.11%
1997-12-31	CN¥135.65 Million ≈ $19.85 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
Zhe Jiang Kangsheng Co Ltd SHE:002418	$937.88 Million
ASK AUTOMOTIVE LIMITED NSE:ASKAUTOLTD	$937.98 Million
Taboola NASDAQ:TBLA	$938.25 Million
Suzhou Electrical Apparatus Sci SHE:300215	$938.31 Million
Xiandai Investment Co Ltd SHE:000900	$937.29 Million
Hangzhou Youngsun Intelligent SHG:603901	$937.17 Million
Phathom Pharmaceuticals Inc NASDAQ:PHAT	$936.94 Million
Shenzhen Centralcon Investment Holding Co Ltd SHE:000042	$936.86 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: 13.87x
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 25.93x to 13.87x 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¥24.40	x
1998-12-31	CN¥0.94	CN¥24.40	x
1999-12-31	CN¥1.02	CN¥24.40	x
2000-12-31	CN¥2.13	CN¥24.40	x
2001-12-31	CN¥1.53	CN¥24.40	x
2002-12-31	CN¥0.55	CN¥24.40	x
2003-12-31	CN¥1.05	CN¥24.40	x
2004-12-31	CN¥-2.43	CN¥24.40	x
2005-12-31	CN¥-4.62	CN¥24.40	x
2006-12-31	CN¥-5.02	CN¥24.40	x
2007-12-31	CN¥-1.87	CN¥24.40	x
2008-12-31	CN¥-1.95	CN¥24.40	x
2009-12-31	CN¥-0.86	CN¥24.40	x
2010-12-31	CN¥-0.83	CN¥24.40	x
2011-12-31	CN¥-0.54	CN¥24.40	x
2012-12-31	CN¥-0.63	CN¥24.40	x
2013-12-31	CN¥0.22	CN¥24.40	x
2014-12-31	CN¥0.29	CN¥24.40	x
2015-12-31	CN¥0.23	CN¥24.40	x
2016-12-31	CN¥0.47	CN¥24.40	x
2017-12-31	CN¥0.53	CN¥24.40	x
2018-12-31	CN¥0.26	CN¥24.40	x
2019-12-31	CN¥0.36	CN¥24.40	x
2020-12-31	CN¥0.64	CN¥24.40	x
2021-12-31	CN¥2.35	CN¥24.40	x
2022-12-31	CN¥2.28	CN¥24.40	x
2023-12-31	CN¥1.63	CN¥24.40	x
2024-12-31	CN¥1.76	CN¥24.40	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: $1,106,000,778
Average return on equity (ROE) among peers: -0.90%

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	$937.33 Million
Genimous Technology Co Ltd (000676)	$213.12 Million	10.08%	0.52x	$1.36 Billion
Hunan TV & Broadcast Intermediary Co Ltd (000917)	$2.53 Billion	1.59%	0.93x	$1.81 Billion
Focus Media Information Technology Co Ltd (002027)	$102.96 Million	19.41%	0.83x	$13.29 Billion
NanJi ECommerce Co Ltd (002127)	$1.02 Billion	-17.49%	2.97x	$1.09 Billion
Leo Group Co Ltd (002131)	$413.05 Million	11.59%	0.56x	$6.39 Billion
Foshan Saturday Shoes Co Ltd (002291)	$1.82 Billion	1.24%	0.66x	$917.23 Million
Guangdong Advertising Co Ltd (002400)	$1.02 Billion	6.65%	0.70x	$2.29 Billion
Simei Media Co Ltd (002712)	$1.58 Billion	-25.92%	0.52x	$444.42 Million
Beijing Yuanlong Yato Culture Dissemination Co Ltd (002878)	$1.36 Billion	-13.57%	0.78x	$749.50 Million
Beijing Quanshi World Online Net (002995)	$1.00 Billion	-2.61%	0.29x	$581.66 Million

About Kexin Development Co Ltd Shanxi

SHG:600234 China Advertising Agencies

Market Cap

$937.33 Million

CN¥6.41 Billion CNY

Market Cap Rank

#9381 Global

#2566 in China

Share Price

CN¥24.40

Change (1 day)

+1.67%

52-Week Range

CN¥6.85 - CN¥24.40

All Time High

CN¥24.40