Sichuan Changhong Electric Co Ltd
Sichuan Changhong Electric Co.,Ltd. researches, develops, manufactures, and sells consumer electronics products in China and internationally. The company offers televisions, refrigerator, air conditioner, washing machines, monitor. It also offers bathroom products and small household appliances, intermediate products, logistics services, special businesses, compressors, network communication term… Read more
Sichuan Changhong Electric Co Ltd (600839) - Net Assets
Latest net assets as of September 2025: CN¥26.07 Billion CNY
Based on the latest financial reports, Sichuan Changhong Electric Co Ltd (600839) has net assets worth CN¥26.07 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¥98.99 Billion) and total liabilities (CN¥72.91 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¥26.07 Billion |
| % of Total Assets | 26.34% |
| Annual Growth Rate | 9.35% |
| 5-Year Change | 17.81% |
| 10-Year Change | 40.27% |
| Growth Volatility | 24.47 |
Sichuan Changhong Electric Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Sichuan Changhong Electric 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 Sichuan Changhong Electric Co Ltd (1994–2024)
The table below shows the annual net assets of Sichuan Changhong Electric Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.97 Billion | +3.78% |
| 2023-12-31 | CN¥24.06 Billion | +5.36% |
| 2022-12-31 | CN¥22.84 Billion | +4.57% |
| 2021-12-31 | CN¥21.84 Billion | +3.03% |
| 2020-12-31 | CN¥21.20 Billion | +0.29% |
| 2019-12-31 | CN¥21.14 Billion | -1.34% |
| 2018-12-31 | CN¥21.42 Billion | +2.72% |
| 2017-12-31 | CN¥20.86 Billion | +4.13% |
| 2016-12-31 | CN¥20.03 Billion | +12.51% |
| 2015-12-31 | CN¥17.80 Billion | -8.49% |
| 2014-12-31 | CN¥19.45 Billion | -0.25% |
| 2013-12-31 | CN¥19.50 Billion | +7.68% |
| 2012-12-31 | CN¥18.11 Billion | +1.35% |
| 2011-12-31 | CN¥17.87 Billion | +22.32% |
| 2010-12-31 | CN¥14.61 Billion | +8.75% |
| 2009-12-31 | CN¥13.43 Billion | +6.43% |
| 2008-12-31 | CN¥12.62 Billion | +17.34% |
| 2007-12-31 | CN¥10.76 Billion | +16.37% |
| 2006-12-31 | CN¥9.24 Billion | -8.00% |
| 2005-12-31 | CN¥10.05 Billion | +4.82% |
| 2004-12-31 | CN¥9.58 Billion | -27.33% |
| 2003-12-31 | CN¥13.19 Billion | +1.95% |
| 2002-12-31 | CN¥12.94 Billion | +1.45% |
| 2001-12-31 | CN¥12.75 Billion | -3.23% |
| 2000-12-31 | CN¥13.18 Billion | +1.95% |
| 1999-12-31 | CN¥12.93 Billion | +17.87% |
| 1998-12-31 | CN¥10.97 Billion | +22.20% |
| 1997-12-31 | CN¥8.97 Billion | +101.92% |
| 1996-12-31 | CN¥4.44 Billion | +45.60% |
| 1995-12-31 | CN¥3.05 Billion | +78.78% |
| 1994-12-31 | CN¥1.71 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Changhong Electric 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 738.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.98 Billion | 40.77% |
| Common Stock | CN¥4.62 Billion | 31.49% |
| Other Comprehensive Income | CN¥726.61 Million | 4.96% |
| Other Components | CN¥3.34 Billion | 22.79% |
| Total Equity | CN¥14.66 Billion | 100.00% |
Sichuan Changhong Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Changhong Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cleveland-Cliffs Inc
NYSE:CLF
|
$4.60 Billion |
|
Zhejiang Longsheng Group Co Ltd
SHG:600352
|
$4.60 Billion |
|
Brunswick Corporation
NYSE:BC
|
$4.61 Billion |
|
REC Limited
NSE:RECLTD
|
$4.61 Billion |
|
Formosa Chemicals & Fibre Corp
TW:1326
|
$4.59 Billion |
|
Beijer Ref AB (publ)
ST:BEIJ-B
|
$4.59 Billion |
|
UIPATH INC. A DL-00001
F:9UV
|
$4.59 Billion |
|
Flughafen Zürich AG
PINK:UZAPF
|
$4.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Changhong Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,127,769,727 to 14,660,310,000, a change of 532,540,273 (3.8%).
- Net income of 703,523,000 contributed positively to equity growth.
- Dividend payments of 1,012,047,277 reduced retained earnings.
- Other comprehensive income increased equity by 726,610,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥703.52 Million | +4.8% |
| Dividends Paid | CN¥1.01 Billion | -6.9% |
| Other Comprehensive Income | CN¥726.61 Million | +4.96% |
| Other Changes | CN¥114.45 Million | +0.78% |
| Total Change | CN¥- | 3.77% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Changhong Electric 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: 3.05x
- 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 20.29x to 3.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.48 | CN¥9.68 | x |
| 1995-12-31 | CN¥0.85 | CN¥9.68 | x |
| 1996-12-31 | CN¥1.24 | CN¥9.68 | x |
| 1997-12-31 | CN¥2.51 | CN¥9.68 | x |
| 1998-12-31 | CN¥3.06 | CN¥9.68 | x |
| 1999-12-31 | CN¥3.61 | CN¥9.68 | x |
| 2000-12-31 | CN¥3.68 | CN¥9.68 | x |
| 2001-12-31 | CN¥3.56 | CN¥9.68 | x |
| 2002-12-31 | CN¥3.61 | CN¥9.68 | x |
| 2003-12-31 | CN¥3.67 | CN¥9.68 | x |
| 2004-12-31 | CN¥2.64 | CN¥9.68 | x |
| 2005-12-31 | CN¥2.74 | CN¥9.68 | x |
| 2006-12-31 | CN¥2.50 | CN¥9.68 | x |
| 2007-12-31 | CN¥2.61 | CN¥9.68 | x |
| 2008-12-31 | CN¥2.53 | CN¥9.68 | x |
| 2009-12-31 | CN¥2.71 | CN¥9.68 | x |
| 2010-12-31 | CN¥2.70 | CN¥9.68 | x |
| 2011-12-31 | CN¥3.34 | CN¥9.68 | x |
| 2012-12-31 | CN¥2.94 | CN¥9.68 | x |
| 2013-12-31 | CN¥3.04 | CN¥9.68 | x |
| 2014-12-31 | CN¥3.06 | CN¥9.68 | x |
| 2015-12-31 | CN¥2.63 | CN¥9.68 | x |
| 2016-12-31 | CN¥2.73 | CN¥9.68 | x |
| 2017-12-31 | CN¥2.79 | CN¥9.68 | x |
| 2018-12-31 | CN¥2.83 | CN¥9.68 | x |
| 2019-12-31 | CN¥2.82 | CN¥9.68 | x |
| 2020-12-31 | CN¥2.82 | CN¥9.68 | x |
| 2021-12-31 | CN¥2.88 | CN¥9.68 | x |
| 2022-12-31 | CN¥2.96 | CN¥9.68 | x |
| 2023-12-31 | CN¥3.06 | CN¥9.68 | x |
| 2024-12-31 | CN¥3.18 | CN¥9.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Changhong Electric 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): 4.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.68%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 6.78x
- Recent ROE (4.80%) is below the historical average (5.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 41.42% | 16.52% | 1.38x | 1.82x | CN¥536.50 Million |
| 1995 | 37.70% | 17.01% | 1.05x | 2.10x | CN¥845.50 Million |
| 1996 | 37.69% | 15.82% | 0.92x | 2.60x | CN¥1.23 Billion |
| 1997 | 29.11% | 16.67% | 0.93x | 1.87x | CN¥1.71 Billion |
| 1998 | 18.28% | 17.27% | 0.62x | 1.72x | CN¥907.42 Million |
| 1999 | 4.06% | 5.30% | 0.60x | 1.28x | CN¥-767.21 Million |
| 2000 | 2.08% | 2.56% | 0.64x | 1.26x | CN¥-1.04 Billion |
| 2001 | 0.69% | 0.93% | 0.54x | 1.38x | CN¥-1.19 Billion |
| 2002 | 1.36% | 1.40% | 0.67x | 1.44x | CN¥-1.12 Billion |
| 2003 | 1.57% | 1.46% | 0.66x | 1.63x | CN¥-1.11 Billion |
| 2004 | -38.93% | -31.90% | 0.74x | 1.66x | CN¥-4.63 Billion |
| 2005 | 2.91% | 1.89% | 0.95x | 1.62x | CN¥-694.06 Million |
| 2006 | 3.41% | 1.62% | 1.14x | 1.85x | CN¥-590.13 Million |
| 2007 | 3.62% | 1.45% | 1.01x | 2.48x | CN¥-592.78 Million |
| 2008 | 0.35% | 0.11% | 0.97x | 3.20x | CN¥-867.54 Million |
| 2009 | 1.21% | 0.37% | 0.86x | 3.82x | CN¥-841.39 Million |
| 2010 | 2.96% | 0.70% | 0.94x | 4.51x | CN¥-695.16 Million |
| 2011 | 3.07% | 0.78% | 1.01x | 3.91x | CN¥-915.89 Million |
| 2012 | 2.40% | 0.62% | 0.96x | 4.02x | CN¥-1.03 Billion |
| 2013 | 3.65% | 0.87% | 1.00x | 4.19x | CN¥-891.93 Million |
| 2014 | 0.42% | 0.10% | 0.99x | 4.29x | CN¥-1.35 Billion |
| 2015 | -16.30% | -3.04% | 1.17x | 4.59x | CN¥-3.18 Billion |
| 2016 | 4.40% | 0.83% | 1.12x | 4.75x | CN¥-706.13 Million |
| 2017 | 2.74% | 0.45% | 1.19x | 5.07x | CN¥-936.20 Million |
| 2018 | 2.48% | 0.39% | 1.17x | 5.48x | CN¥-982.01 Million |
| 2019 | 0.47% | 0.07% | 1.20x | 5.68x | CN¥-1.24 Billion |
| 2020 | 0.35% | 0.05% | 1.20x | 6.04x | CN¥-1.26 Billion |
| 2021 | 2.14% | 0.29% | 1.25x | 5.96x | CN¥-1.05 Billion |
| 2022 | 3.43% | 0.51% | 1.08x | 6.26x | CN¥-898.16 Million |
| 2023 | 4.87% | 0.71% | 1.03x | 6.68x | CN¥-725.07 Million |
| 2024 | 4.80% | 0.68% | 1.04x | 6.78x | CN¥-762.51 Million |
Industry Comparison
This section compares Sichuan Changhong Electric 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: $2,034,299,101
- Average return on equity (ROE) among peers: 13.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Changhong Electric Co Ltd (600839) | CN¥26.07 Billion | 41.42% | 2.80x | $4.59 Billion |
| Midea Group Co Ltd (000333) | $11.15 Billion | 13.43% | 2.22x | $51.85 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $998.96 Million | 21.53% | 1.93x | $20.12 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-842.15 Million | 0.00% | 0.00x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $929.64 Million | 7.56% | 0.38x | $139.01 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $132.96 Million | 14.75% | 1.86x | $102.61 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $1.88 Billion | 28.53% | 0.85x | $248.81 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.36 Billion | 7.57% | 0.27x | $106.91 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $136.03 Million |
| Elec-Tech International Co Ltd (002005) | $4.28 Billion | 0.21% | 1.55x | $395.69 Million |
| Zhejiang Supor Co Ltd (002032) | $214.02 Million | 35.73% | 1.69x | $795.41 Million |