Sichuan Changhong Electric Co Ltd (600839) - Net Assets
Based on the latest financial reports, Sichuan Changhong Electric Co Ltd (600839) has net assets worth CN¥26.13 Billion CNY (≈ $3.82 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥99.39 Billion ≈ $14.54 Billion USD) and total liabilities (CN¥73.26 Billion ≈ $10.72 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 tangible equity quality of Sichuan Changhong Electric Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥26.13 Billion |
| % of Total Assets | 26.29% |
| Annual Growth Rate | 9.19% |
| 5-Year Change | 19.25% |
| 10-Year Change | 30.03% |
| Growth Volatility | 24.1 |
Sichuan Changhong Electric Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Sichuan Changhong Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Sichuan Changhong Electric Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Changhong Electric Co Ltd (1994–2025)
The table below shows the annual net assets of Sichuan Changhong Electric Co Ltd from 1994 to 2025. For live valuation and market cap data, see market value of Sichuan Changhong Electric Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥26.04 Billion ≈ $3.81 Billion |
+4.29% |
| 2024-12-31 | CN¥24.97 Billion ≈ $3.65 Billion |
+3.78% |
| 2023-12-31 | CN¥24.06 Billion ≈ $3.52 Billion |
+5.36% |
| 2022-12-31 | CN¥22.84 Billion ≈ $3.34 Billion |
+4.57% |
| 2021-12-31 | CN¥21.84 Billion ≈ $3.20 Billion |
+3.03% |
| 2020-12-31 | CN¥21.20 Billion ≈ $3.10 Billion |
+0.29% |
| 2019-12-31 | CN¥21.14 Billion ≈ $3.09 Billion |
-1.34% |
| 2018-12-31 | CN¥21.42 Billion ≈ $3.13 Billion |
+2.72% |
| 2017-12-31 | CN¥20.86 Billion ≈ $3.05 Billion |
+4.13% |
| 2016-12-31 | CN¥20.03 Billion ≈ $2.93 Billion |
+12.51% |
| 2015-12-31 | CN¥17.80 Billion ≈ $2.60 Billion |
-8.49% |
| 2014-12-31 | CN¥19.45 Billion ≈ $2.85 Billion |
-0.25% |
| 2013-12-31 | CN¥19.50 Billion ≈ $2.85 Billion |
+7.68% |
| 2012-12-31 | CN¥18.11 Billion ≈ $2.65 Billion |
+1.35% |
| 2011-12-31 | CN¥17.87 Billion ≈ $2.61 Billion |
+22.32% |
| 2010-12-31 | CN¥14.61 Billion ≈ $2.14 Billion |
+8.75% |
| 2009-12-31 | CN¥13.43 Billion ≈ $1.97 Billion |
+6.43% |
| 2008-12-31 | CN¥12.62 Billion ≈ $1.85 Billion |
+17.34% |
| 2007-12-31 | CN¥10.76 Billion ≈ $1.57 Billion |
+16.37% |
| 2006-12-31 | CN¥9.24 Billion ≈ $1.35 Billion |
-8.00% |
| 2005-12-31 | CN¥10.05 Billion ≈ $1.47 Billion |
+4.82% |
| 2004-12-31 | CN¥9.58 Billion ≈ $1.40 Billion |
-27.33% |
| 2003-12-31 | CN¥13.19 Billion ≈ $1.93 Billion |
+1.95% |
| 2002-12-31 | CN¥12.94 Billion ≈ $1.89 Billion |
+1.45% |
| 2001-12-31 | CN¥12.75 Billion ≈ $1.87 Billion |
-3.23% |
| 2000-12-31 | CN¥13.18 Billion ≈ $1.93 Billion |
+1.95% |
| 1999-12-31 | CN¥12.93 Billion ≈ $1.89 Billion |
+17.87% |
| 1998-12-31 | CN¥10.97 Billion ≈ $1.60 Billion |
+22.20% |
| 1997-12-31 | CN¥8.97 Billion ≈ $1.31 Billion |
+101.92% |
| 1996-12-31 | CN¥4.44 Billion ≈ $650.31 Million |
+45.60% |
| 1995-12-31 | CN¥3.05 Billion ≈ $446.63 Million |
+78.78% |
| 1994-12-31 | CN¥1.71 Billion ≈ $249.83 Million |
-- |
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 843.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.72 Billion | 43.65% |
| Other Components | CN¥8.68 Billion | 56.35% |
| Total Equity | CN¥15.40 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 |
|---|---|
|
StarPower Semiconductor Ltd
SHG:603290
|
$4.59 Billion |
|
Sai MicroElectronics Inc
SHE:300456
|
$4.59 Billion |
|
Optics Technology Holding Co Ltd
SHE:300489
|
$4.59 Billion |
|
Grupo Aeroportuario del Centro Norte S.A.B. de C.V
MX:OMAB
|
$4.59 Billion |
|
Indofood Cbp Sukses Makmur Tbk
JK:ICBP
|
$4.58 Billion |
|
Sinolink Securities Co Ltd
SHG:600109
|
$4.58 Billion |
|
Shenzhen O-Film Tech Co Ltd
SHE:002456
|
$4.57 Billion |
|
Sabra Healthcare REIT Inc
NASDAQ:SBRA
|
$4.57 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 2024 to 2025, total equity changed from 14,660,310,000 to 15,396,234,334, a change of 735,924,334 (5.0%).
- Net income of 988,886,250 contributed positively to equity growth.
- Dividend payments of 941,478,575 reduced retained earnings.
- Other comprehensive income decreased equity by 726,610,000.
- Other factors increased equity by 1,415,126,659.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥988.89 Million | +6.42% |
| Dividends Paid | CN¥941.48 Million | -6.11% |
| Other Comprehensive Income | CN¥-726.61 Million | -4.72% |
| Other Changes | CN¥1.42 Billion | +9.19% |
| Total Change | CN¥- | 5.02% |
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: 2.03x
- 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 14.21x to 2.03x 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¥6.78 | x |
| 1995-12-31 | CN¥0.85 | CN¥6.78 | x |
| 1996-12-31 | CN¥1.24 | CN¥6.78 | x |
| 1997-12-31 | CN¥2.51 | CN¥6.78 | x |
| 1998-12-31 | CN¥3.06 | CN¥6.78 | x |
| 1999-12-31 | CN¥3.61 | CN¥6.78 | x |
| 2000-12-31 | CN¥3.68 | CN¥6.78 | x |
| 2001-12-31 | CN¥3.56 | CN¥6.78 | x |
| 2002-12-31 | CN¥3.61 | CN¥6.78 | x |
| 2003-12-31 | CN¥3.67 | CN¥6.78 | x |
| 2004-12-31 | CN¥2.64 | CN¥6.78 | x |
| 2005-12-31 | CN¥2.74 | CN¥6.78 | x |
| 2006-12-31 | CN¥2.50 | CN¥6.78 | x |
| 2007-12-31 | CN¥2.61 | CN¥6.78 | x |
| 2008-12-31 | CN¥2.53 | CN¥6.78 | x |
| 2009-12-31 | CN¥2.71 | CN¥6.78 | x |
| 2010-12-31 | CN¥2.70 | CN¥6.78 | x |
| 2011-12-31 | CN¥3.34 | CN¥6.78 | x |
| 2012-12-31 | CN¥2.94 | CN¥6.78 | x |
| 2013-12-31 | CN¥3.04 | CN¥6.78 | x |
| 2014-12-31 | CN¥3.06 | CN¥6.78 | x |
| 2015-12-31 | CN¥2.63 | CN¥6.78 | x |
| 2016-12-31 | CN¥2.73 | CN¥6.78 | x |
| 2017-12-31 | CN¥2.79 | CN¥6.78 | x |
| 2018-12-31 | CN¥2.83 | CN¥6.78 | x |
| 2019-12-31 | CN¥2.82 | CN¥6.78 | x |
| 2020-12-31 | CN¥2.82 | CN¥6.78 | x |
| 2021-12-31 | CN¥2.88 | CN¥6.78 | x |
| 2022-12-31 | CN¥2.96 | CN¥6.78 | x |
| 2023-12-31 | CN¥3.06 | CN¥6.78 | x |
| 2024-12-31 | CN¥3.18 | CN¥6.78 | x |
| 2025-12-31 | CN¥3.34 | CN¥6.78 | 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): 6.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 6.55x
- Recent ROE (6.42%) is above the historical average (5.46%), indicating improving 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 |
| 2025 | 6.42% | 0.91% | 1.08x | 6.55x | CN¥-550.74 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: $15,544,183,574
- Average return on equity (ROE) among peers: 14.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Changhong Electric Co Ltd (600839) | CN¥26.13 Billion | 41.42% | 2.80x | $4.58 Billion |
| Midea Group Co Ltd (000333) | $33.17 Billion | 9.83% | 1.65x | $79.32 Billion |
| Changhong Meiling Co Ltd (000521) | $1.35 Billion | 22.32% | 2.55x | $714.80 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $101.88 Billion | 24.06% | 2.48x | $30.10 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $14.41 Billion | 10.96% | 1.90x | $3.65 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $339.25 Million |
| Elec-Tech International Co Ltd (002005) | $2.67 Billion | 9.88% | 1.02x | $676.99 Million |
| Zhejiang Supor Co Ltd (002032) | $96.39 Million | 25.29% | 2.20x | $4.81 Billion |
| Vatti Corp Ltd (002035) | $56.22 Million | 22.45% | 3.75x | $589.18 Million |
| CNlight Co Ltd (002076) | $388.80 Million | 2.76% | 0.26x | $430.09 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.15 Billion | 4.02% | 0.60x | $327.10 Million |
About 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, refrigerators, air conditioners, washing machines, and monitors, as well as freezers. It is also involved in general equipment manufacturing; and specialty businesses. In addition, the company provides ICT services, including… Read more