Shanghai Feilo Acoustics Co Ltd
Shanghai Feilo Acoustics Co.,Ltd operates in lighting, automotive electronics, and module packaging and chip testing service businesses in China and internationally. The company offers automotive junction boxes, body electronic modules, air conditioning, cooling control systems, relays, and actuators. It also offers contact, dual-interface, and contactless modules. In addition, the company provid… Read more
Shanghai Feilo Acoustics Co Ltd (600651) - Net Assets
Latest net assets as of September 2025: CN¥2.57 Billion CNY
Based on the latest financial reports, Shanghai Feilo Acoustics Co Ltd (600651) has net assets worth CN¥2.57 Billion 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¥4.18 Billion) and total liabilities (CN¥1.61 Billion). 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¥2.57 Billion |
| % of Total Assets | 61.38% |
| Annual Growth Rate | 23.11% |
| 5-Year Change | -11.11% |
| 10-Year Change | -24.87% |
| Growth Volatility | 199.24 |
Shanghai Feilo Acoustics Co Ltd - Net Assets Trend (1990–2024)
This chart illustrates how Shanghai Feilo Acoustics Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai Feilo Acoustics Co Ltd (1990–2024)
The table below shows the annual net assets of Shanghai Feilo Acoustics Co Ltd from 1990 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.53 Billion | +1.26% |
| 2023-12-31 | CN¥2.50 Billion | +0.72% |
| 2022-12-31 | CN¥2.48 Billion | +7.52% |
| 2021-12-31 | CN¥2.31 Billion | -18.94% |
| 2020-12-31 | CN¥2.84 Billion | +291.84% |
| 2019-12-31 | CN¥-1.48 Billion | -611.29% |
| 2018-12-31 | CN¥289.92 Million | -91.89% |
| 2017-12-31 | CN¥3.58 Billion | -6.30% |
| 2016-12-31 | CN¥3.82 Billion | +13.41% |
| 2015-12-31 | CN¥3.36 Billion | +11.75% |
| 2014-12-31 | CN¥3.01 Billion | +136.97% |
| 2013-12-31 | CN¥1.27 Billion | +3.49% |
| 2012-12-31 | CN¥1.23 Billion | -3.85% |
| 2011-12-31 | CN¥1.28 Billion | +8.02% |
| 2010-12-31 | CN¥1.18 Billion | +21.68% |
| 2009-12-31 | CN¥971.49 Million | +2.53% |
| 2008-12-31 | CN¥947.52 Million | +5.34% |
| 2007-12-31 | CN¥899.53 Million | -0.08% |
| 2006-12-31 | CN¥900.22 Million | +4.50% |
| 2005-12-31 | CN¥861.48 Million | -1.23% |
| 2004-12-31 | CN¥872.24 Million | +4.20% |
| 2003-12-31 | CN¥837.11 Million | +4.54% |
| 2002-12-31 | CN¥800.71 Million | +6.97% |
| 2001-12-31 | CN¥748.57 Million | +127.75% |
| 2000-12-31 | CN¥328.68 Million | +86.49% |
| 1999-12-31 | CN¥176.24 Million | +7.33% |
| 1998-12-31 | CN¥164.20 Million | +12.17% |
| 1997-12-31 | CN¥146.39 Million | +11.03% |
| 1996-12-31 | CN¥131.85 Million | +7.56% |
| 1995-12-31 | CN¥122.58 Million | +3.87% |
| 1994-12-31 | CN¥118.02 Million | +178.42% |
| 1993-12-31 | CN¥42.39 Million | +75.63% |
| 1992-12-31 | CN¥24.13 Million | +8.47% |
| 1991-12-31 | CN¥22.25 Million | +934.54% |
| 1990-12-31 | CN¥2.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Feilo Acoustics 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 decreased by 859797.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥2.51 Billion | 102.02% |
| Other Components | CN¥3.72 Billion | 151.47% |
| Total Equity | CN¥2.46 Billion | 100.00% |
Shanghai Feilo Acoustics Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Feilo Acoustics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hubei Tech Semiconductors Co
SHE:300046
|
$823.72 Million |
|
Pfizer Limited
NSE:PFIZER
|
$823.98 Million |
|
The RealReal Inc
F:6RR
|
$824.16 Million |
|
Pan Jit International Inc
TW:2481
|
$824.61 Million |
|
Viglacera Corp JSC
VN:VGC
|
$823.17 Million |
|
Lovisa Holdings Ltd
AU:LOV
|
$822.49 Million |
|
Kiatnakin Bank Public Company. Ltd
OTCGREY:KNFSF
|
$822.43 Million |
|
MannKind Corp
NASDAQ:MNKD
|
$822.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Feilo Acoustics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,417,748,000 to 2,457,409,000, a change of 39,661,000 (1.6%).
- Net income of 39,474,287 contributed positively to equity growth.
- Dividend payments of 25,982,000 reduced retained earnings.
- Other factors increased equity by 26,168,713.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥39.47 Million | +1.61% |
| Dividends Paid | CN¥25.98 Million | -1.06% |
| Other Changes | CN¥26.17 Million | +1.06% |
| Total Change | CN¥- | 1.64% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Feilo Acoustics 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: 7.42x
- 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 8474.69x to 7.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1990-12-31 | CN¥0.00 | CN¥7.27 | x |
| 1991-12-31 | CN¥0.01 | CN¥7.27 | x |
| 1992-12-31 | CN¥0.01 | CN¥7.27 | x |
| 1993-12-31 | CN¥0.02 | CN¥7.27 | x |
| 1994-12-31 | CN¥0.05 | CN¥7.27 | x |
| 1995-12-31 | CN¥0.05 | CN¥7.27 | x |
| 1996-12-31 | CN¥0.05 | CN¥7.27 | x |
| 1997-12-31 | CN¥0.20 | CN¥7.27 | x |
| 1998-12-31 | CN¥0.20 | CN¥7.27 | x |
| 1999-12-31 | CN¥0.22 | CN¥7.27 | x |
| 2000-12-31 | CN¥0.31 | CN¥7.27 | x |
| 2001-12-31 | CN¥0.86 | CN¥7.27 | x |
| 2002-12-31 | CN¥0.91 | CN¥7.27 | x |
| 2003-12-31 | CN¥0.97 | CN¥7.27 | x |
| 2004-12-31 | CN¥1.01 | CN¥7.27 | x |
| 2005-12-31 | CN¥0.99 | CN¥7.27 | x |
| 2006-12-31 | CN¥1.08 | CN¥7.27 | x |
| 2007-12-31 | CN¥1.10 | CN¥7.27 | x |
| 2008-12-31 | CN¥1.16 | CN¥7.27 | x |
| 2009-12-31 | CN¥1.30 | CN¥7.27 | x |
| 2010-12-31 | CN¥1.43 | CN¥7.27 | x |
| 2011-12-31 | CN¥1.89 | CN¥7.27 | x |
| 2012-12-31 | CN¥1.55 | CN¥7.27 | x |
| 2013-12-31 | CN¥1.61 | CN¥7.27 | x |
| 2014-12-31 | CN¥3.90 | CN¥7.27 | x |
| 2015-12-31 | CN¥3.31 | CN¥7.27 | x |
| 2016-12-31 | CN¥3.62 | CN¥7.27 | x |
| 2017-12-31 | CN¥3.35 | CN¥7.27 | x |
| 2018-12-31 | CN¥0.05 | CN¥7.27 | x |
| 2019-12-31 | CN¥1.08 | CN¥7.27 | x |
| 2020-12-31 | CN¥1.08 | CN¥7.27 | x |
| 2021-12-31 | CN¥0.87 | CN¥7.27 | x |
| 2022-12-31 | CN¥0.95 | CN¥7.27 | x |
| 2023-12-31 | CN¥0.96 | CN¥7.27 | x |
| 2024-12-31 | CN¥0.98 | CN¥7.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Feilo Acoustics 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): 1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.01%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.74x
- Recent ROE (1.61%) is above the historical average (-207.96%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1990 | 16.76% | 3.58% | 1.73x | 2.71x | CN¥145.42K |
| 1991 | 2.71% | 3.85% | 0.62x | 1.14x | CN¥-1.62 Million |
| 1992 | 11.32% | 10.37% | 0.85x | 1.29x | CN¥318.77K |
| 1993 | 8.82% | 8.38% | 0.84x | 1.26x | CN¥-498.36K |
| 1994 | 11.02% | 14.03% | 0.75x | 1.05x | CN¥1.21 Million |
| 1995 | 3.86% | 6.48% | 0.56x | 1.06x | CN¥-7.53 Million |
| 1996 | 7.17% | 9.28% | 0.71x | 1.09x | CN¥-3.74 Million |
| 1997 | 10.02% | 14.66% | 0.52x | 1.31x | CN¥30.56K |
| 1998 | 7.70% | 7.77% | 0.61x | 1.63x | CN¥-3.40 Million |
| 1999 | 10.96% | 8.63% | 0.73x | 1.75x | CN¥1.60 Million |
| 2000 | 28.02% | 23.35% | 0.34x | 3.57x | CN¥41.40 Million |
| 2001 | 16.15% | 17.13% | 0.40x | 2.36x | CN¥39.13 Million |
| 2002 | 6.07% | 4.78% | 0.58x | 2.19x | CN¥-26.47 Million |
| 2003 | 6.74% | 5.15% | 0.61x | 2.14x | CN¥-23.47 Million |
| 2004 | 6.46% | 4.72% | 0.64x | 2.14x | CN¥-26.40 Million |
| 2005 | 4.94% | 3.24% | 0.58x | 2.64x | CN¥-37.33 Million |
| 2006 | 3.17% | 1.89% | 0.71x | 2.35x | CN¥-54.54 Million |
| 2007 | 6.61% | 3.74% | 0.91x | 1.95x | CN¥-27.61 Million |
| 2008 | 6.95% | 4.08% | 0.88x | 1.95x | CN¥-26.14 Million |
| 2009 | 7.09% | 5.20% | 0.84x | 1.62x | CN¥-28.05 Million |
| 2010 | 8.73% | 6.25% | 0.70x | 2.00x | CN¥-13.47 Million |
| 2011 | 13.01% | 7.67% | 0.95x | 1.78x | CN¥35.05 Million |
| 2012 | 9.15% | 5.22% | 0.88x | 1.99x | CN¥-9.81 Million |
| 2013 | 4.85% | 2.68% | 0.88x | 2.06x | CN¥-60.92 Million |
| 2014 | 2.23% | 3.03% | 0.39x | 1.91x | CN¥-225.14 Million |
| 2015 | 11.54% | 7.42% | 0.61x | 2.57x | CN¥50.29 Million |
| 2016 | 9.79% | 4.89% | 0.61x | 3.30x | CN¥-7.40 Million |
| 2017 | 1.64% | 1.01% | 0.35x | 4.62x | CN¥-281.25 Million |
| 2018 | -7375.39% | -99.78% | 0.27x | 270.56x | CN¥-3.30 Billion |
| 2019 | -157.98% | -29.75% | 0.57x | 9.31x | CN¥-1.79 Billion |
| 2020 | 16.00% | 9.73% | 0.49x | 3.38x | CN¥161.87 Million |
| 2021 | -20.84% | -9.90% | 0.59x | 3.54x | CN¥-669.85 Million |
| 2022 | 13.08% | 9.34% | 0.70x | 1.99x | CN¥73.42 Million |
| 2023 | 1.57% | 1.92% | 0.46x | 1.79x | CN¥-203.92 Million |
| 2024 | 1.61% | 2.01% | 0.46x | 1.74x | CN¥-206.27 Million |
Industry Comparison
This section compares Shanghai Feilo Acoustics Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Feilo Acoustics Co Ltd (600651) | CN¥2.57 Billion | 16.76% | 0.63x | $823.44 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |