Whirlpool China Co Ltd

SHG:600983 China Furnishings, Fixtures & Appliances
Market Cap
$1.21 Billion
CN¥8.91 Billion CNY
Market Cap Rank
#15107 Global
#4024 in China
Share Price
CN¥11.63
Change (1 day)
-0.94%
52-Week Range
CN¥8.24 - CN¥12.57
All Time High
CN¥14.70
Categories
Companies in China Furnishings, Fixtures & Appliances
About

Whirlpool China Co., Ltd. engages in the research, development, procurement, production, and sale of kitchen appliances in China and internationally. The company offers washing machines, refrigerators, microwave ovens, bidets, air purifiers, electronic program controllers, clutches, motors, controllers, induction cookers, electric ovens, rice cookers, toasters, bread machines, coffee machines, es… Read more

Whirlpool China Co Ltd (600983) - Net Assets

Latest net assets as of September 2025: CN¥2.77 Billion CNY

Based on the latest financial reports, Whirlpool China Co Ltd (600983) has net assets worth CN¥2.77 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¥5.69 Billion) and total liabilities (CN¥2.92 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¥2.77 Billion
% of Total Assets 48.74%
Annual Growth Rate 10.18%
5-Year Change -24.67%
10-Year Change -39.61%
Growth Volatility 27.77

Whirlpool China Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Whirlpool China 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 Whirlpool China Co Ltd (2001–2024)

The table below shows the annual net assets of Whirlpool China Co Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥2.68 Billion +5.71%
2023-12-31 CN¥2.53 Billion -15.35%
2022-12-31 CN¥2.99 Billion +0.93%
2021-12-31 CN¥2.96 Billion -16.60%
2020-12-31 CN¥3.55 Billion -5.42%
2019-12-31 CN¥3.75 Billion -8.77%
2018-12-31 CN¥4.12 Billion +5.74%
2017-12-31 CN¥3.89 Billion -4.36%
2016-12-31 CN¥4.07 Billion -8.13%
2015-12-31 CN¥4.43 Billion +8.01%
2014-12-31 CN¥4.10 Billion +113.32%
2013-12-31 CN¥1.92 Billion +21.18%
2012-12-31 CN¥1.59 Billion +20.60%
2011-12-31 CN¥1.32 Billion +25.58%
2010-12-31 CN¥1.05 Billion +31.69%
2009-12-31 CN¥795.56 Million +22.61%
2008-12-31 CN¥648.86 Million +12.41%
2007-12-31 CN¥577.23 Million +6.73%
2006-12-31 CN¥540.83 Million +4.01%
2005-12-31 CN¥519.96 Million +1.79%
2004-12-31 CN¥510.82 Million +67.64%
2003-12-31 CN¥304.72 Million +3.48%
2002-12-31 CN¥294.47 Million +2.38%
2001-12-31 CN¥287.63 Million --

Equity Component Analysis

This analysis shows how different components contribute to Whirlpool China 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 1337.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥402.05 Million 15.03%
Common Stock CN¥766.44 Million 28.65%
Other Components CN¥1.51 Billion 56.32%
Total Equity CN¥2.68 Billion 100.00%

Whirlpool China Co Ltd Competitors by Market Cap

The table below lists competitors of Whirlpool China Co Ltd ranked by their market capitalization.

Company Market Cap
San Juan Basin Royalty Trust
NYSE:SJT
 		$197.85 Million
Focus Hotmelt Co. Ltd. A
SHE:301283
 		$197.88 Million
Vine Hill Capital Investment Corp. Class A Ordinary Shares
NASDAQ:VCIC
 		$197.89 Million
SRI TRANG GLOVES THAILA-NVDR
BK:STGT-R
 		$197.92 Million
Grieg Seafood ASA
PINK:GRGSF
 		$197.72 Million
Gemac Engineering Machinery Co. Ltd.
SHE:301048
 		$197.53 Million
Taiwan Hopax Chemsistry MFG Co Ltd
TWO:6509
 		$197.52 Million
Tibet Tourism Co Ltd
SHG:600749
 		$197.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Whirlpool China Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,530,606,493 to 2,675,080,131, a change of 144,473,638 (5.7%).
  • Net income of 201,791,406 contributed positively to equity growth.
  • Dividend payments of 60,012,174 reduced retained earnings.
  • Other comprehensive income decreased equity by 3,293,817.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥201.79 Million +7.54%
Dividends Paid CN¥60.01 Million -2.24%
Other Comprehensive Income CN¥-3.29 Million -0.12%
Other Changes CN¥5.99 Million +0.22%
Total Change CN¥- 5.71%

Book Value vs Market Value Analysis

This analysis compares Whirlpool China 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: 3.37x
  • 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 21.56x to 3.37x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CN¥0.54 CN¥11.63 x
2002-12-31 CN¥0.55 CN¥11.63 x
2003-12-31 CN¥0.57 CN¥11.63 x
2004-12-31 CN¥0.96 CN¥11.63 x
2005-12-31 CN¥0.98 CN¥11.63 x
2006-12-31 CN¥0.98 CN¥11.63 x
2007-12-31 CN¥1.06 CN¥11.63 x
2008-12-31 CN¥1.24 CN¥11.63 x
2009-12-31 CN¥1.50 CN¥11.63 x
2010-12-31 CN¥1.98 CN¥11.63 x
2011-12-31 CN¥2.46 CN¥11.63 x
2012-12-31 CN¥2.98 CN¥11.63 x
2013-12-31 CN¥3.61 CN¥11.63 x
2014-12-31 CN¥7.12 CN¥11.63 x
2015-12-31 CN¥5.73 CN¥11.63 x
2016-12-31 CN¥5.32 CN¥11.63 x
2017-12-31 CN¥5.22 CN¥11.63 x
2018-12-31 CN¥5.34 CN¥11.63 x
2019-12-31 CN¥4.90 CN¥11.63 x
2020-12-31 CN¥4.63 CN¥11.63 x
2021-12-31 CN¥3.86 CN¥11.63 x
2022-12-31 CN¥3.90 CN¥11.63 x
2023-12-31 CN¥3.43 CN¥11.63 x
2024-12-31 CN¥3.45 CN¥11.63 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Whirlpool China 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): 7.54%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.53%
  • • Asset Turnover: 0.70x
  • • Equity Multiplier: 1.96x
  • Recent ROE (7.54%) is below the historical average (8.81%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 11.57% 14.36% 0.58x 1.38x CN¥4.53 Million
2002 11.26% 13.00% 0.62x 1.39x CN¥3.71 Million
2003 11.63% 11.30% 0.79x 1.31x CN¥4.97 Million
2004 6.29% 9.22% 0.58x 1.18x CN¥-18.95 Million
2005 7.52% 8.91% 0.65x 1.30x CN¥-12.89 Million
2006 9.54% 10.12% 0.71x 1.32x CN¥-2.49 Million
2007 11.78% 10.71% 0.82x 1.34x CN¥10.26 Million
2008 17.71% 10.61% 0.96x 1.74x CN¥50.04 Million
2009 25.97% 10.22% 1.02x 2.49x CN¥127.08 Million
2010 28.83% 9.90% 0.96x 3.02x CN¥197.29 Million
2011 24.42% 8.25% 1.05x 2.83x CN¥189.67 Million
2012 19.13% 7.56% 0.98x 2.58x CN¥144.90 Million
2013 18.86% 6.81% 0.94x 2.95x CN¥170.39 Million
2014 7.16% 5.33% 0.74x 1.80x CN¥-116.52 Million
2015 9.95% 6.51% 0.85x 1.81x CN¥-2.34 Million
2016 6.96% 4.18% 0.75x 2.21x CN¥-123.72 Million
2017 -2.49% -1.52% 0.75x 2.18x CN¥-486.19 Million
2018 6.36% 4.17% 0.76x 2.02x CN¥-149.73 Million
2019 -8.60% -6.11% 0.70x 2.02x CN¥-698.30 Million
2020 -4.22% -3.03% 0.70x 1.97x CN¥-504.83 Million
2021 -19.88% -11.94% 0.83x 2.01x CN¥-885.13 Million
2022 0.93% 0.66% 0.75x 1.90x CN¥-271.01 Million
2023 3.21% 2.03% 0.76x 2.07x CN¥-171.93 Million
2024 7.54% 5.53% 0.70x 1.96x CN¥-65.72 Million

Industry Comparison

This section compares Whirlpool China 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: $16,047,560,703
  • Average return on equity (ROE) among peers: 7.48%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Whirlpool China Co Ltd (600983) CN¥2.77 Billion 11.57% 1.05x $197.81 Million
Midea Group Co Ltd (000333) $5.86 Billion 10.95% 2.31x $52.57 Billion
Changhong Meiling Co Ltd (000521) $879.37 Million 0.76% 1.77x $618.94 Million
Gree Electric Appliances Inc of Zhuhai (000651) $141.51 Billion 22.74% 1.60x $20.36 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921) $2.63 Billion -56.14% 1.48x $1.73 Billion
Suncha Technology Co Ltd (001211) $874.84 Million -1.36% 0.86x $142.44 Million
Beijing Liven Technology Co. Ltd. (001259) $740.61 Million 6.94% 0.20x $105.83 Million
De Rucci Healthy Sleep Co. Ltd. (001323) $4.52 Billion 16.98% 0.70x $253.95 Million
Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) $573.09 Million 22.92% 0.44x $109.60 Million
Hefei Snowky Elec Co Ltd (001387) $160.84 Million 36.65% 6.60x $140.22 Million
Elec-Tech International Co Ltd (002005) $2.73 Billion 14.39% 1.48x $401.22 Million