Xilinmen Furniture Co Ltd (603008) - Net Assets
Based on the latest financial reports, Xilinmen Furniture Co Ltd (603008) has net assets worth CN¥3.96 Billion CNY (≈ $580.14 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¥8.74 Billion ≈ $1.28 Billion USD) and total liabilities (CN¥4.77 Billion ≈ $698.49 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 Xilinmen Furniture Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.96 Billion |
| % of Total Assets | 45.37% |
| Annual Growth Rate | 22.74% |
| 5-Year Change | 23.6% |
| 10-Year Change | 192.68% |
| Growth Volatility | 51.73 |
Xilinmen Furniture Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Xilinmen Furniture Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xilinmen Furniture Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Xilinmen Furniture Co Ltd (2009–2024)
The table below shows the annual net assets of Xilinmen Furniture Co Ltd from 2009 to 2024. For live valuation and market cap data, see Xilinmen Furniture Co Ltd (603008) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.92 Billion ≈ $573.76 Million |
-0.45% |
| 2023-12-31 | CN¥3.94 Billion ≈ $576.36 Million |
+5.96% |
| 2022-12-31 | CN¥3.72 Billion ≈ $543.92 Million |
+9.79% |
| 2021-12-31 | CN¥3.39 Billion ≈ $495.41 Million |
+6.72% |
| 2020-12-31 | CN¥3.17 Billion ≈ $464.21 Million |
+10.30% |
| 2019-12-31 | CN¥2.88 Billion ≈ $420.88 Million |
+17.70% |
| 2018-12-31 | CN¥2.44 Billion ≈ $357.60 Million |
-10.98% |
| 2017-12-31 | CN¥2.75 Billion ≈ $401.70 Million |
+13.58% |
| 2016-12-31 | CN¥2.42 Billion ≈ $353.67 Million |
+80.41% |
| 2015-12-31 | CN¥1.34 Billion ≈ $196.04 Million |
+16.57% |
| 2014-12-31 | CN¥1.15 Billion ≈ $168.17 Million |
+4.76% |
| 2013-12-31 | CN¥1.10 Billion ≈ $160.53 Million |
+8.22% |
| 2012-12-31 | CN¥1.01 Billion ≈ $148.34 Million |
+205.50% |
| 2011-12-31 | CN¥331.83 Million ≈ $48.56 Million |
+20.46% |
| 2010-12-31 | CN¥275.46 Million ≈ $40.31 Million |
+51.86% |
| 2009-12-31 | CN¥181.39 Million ≈ $26.54 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Xilinmen Furniture 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 5521.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.10 Billion | 55.72% |
| Common Stock | CN¥378.99 Million | 10.06% |
| Other Comprehensive Income | CN¥236.71 Million | 6.28% |
| Other Components | CN¥1.05 Billion | 27.94% |
| Total Equity | CN¥3.77 Billion | 100.00% |
Xilinmen Furniture Co Ltd Competitors by Market Cap
The table below lists competitors of Xilinmen Furniture Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AB Sagax (publ)
ST:SAGA-A
|
$528.19 Million |
|
Bank Maspion Indonesia PT
JK:BMAS
|
$528.25 Million |
|
Luoyang Jalon Micro-Nano New Materials Co Ltd
SHG:688357
|
$528.28 Million |
|
Suzhou Weizhixiang Food Co. Ltd.
SHG:605089
|
$528.47 Million |
|
SECHE ENVIRO.UNSP.ADR 1/5
F:SCB0
|
$528.04 Million |
|
Cineplex Inc.
TO:CGX
|
$527.97 Million |
|
F&F Holdings Co. Ltd
KO:007700
|
$527.95 Million |
|
Bansal Wire Industries Ltd
NSE:BANSALWIRE
|
$527.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xilinmen Furniture Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,699,181,749 to 3,767,736,426, a change of 68,554,677 (1.9%).
- Net income of 322,361,437 contributed positively to equity growth.
- Dividend payments of 258,191,759 reduced retained earnings.
- Share repurchases of 79,989,025 reduced equity.
- Other comprehensive income increased equity by 233,875,979.
- Other factors decreased equity by 149,501,955.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥322.36 Million | +8.56% |
| Dividends Paid | CN¥258.19 Million | -6.85% |
| Share Repurchases | CN¥79.99 Million | -2.12% |
| Other Comprehensive Income | CN¥233.88 Million | +6.21% |
| Other Changes | CN¥-149.50 Million | -3.97% |
| Total Change | CN¥- | 1.85% |
Book Value vs Market Value Analysis
This analysis compares Xilinmen Furniture 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 9.67x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.01 | CN¥9.80 | x |
| 2010-12-31 | CN¥1.21 | CN¥9.80 | x |
| 2011-12-31 | CN¥1.41 | CN¥9.80 | x |
| 2012-12-31 | CN¥3.79 | CN¥9.80 | x |
| 2013-12-31 | CN¥3.47 | CN¥9.80 | x |
| 2014-12-31 | CN¥3.67 | CN¥9.80 | x |
| 2015-12-31 | CN¥4.29 | CN¥9.80 | x |
| 2016-12-31 | CN¥7.24 | CN¥9.80 | x |
| 2017-12-31 | CN¥6.96 | CN¥9.80 | x |
| 2018-12-31 | CN¥5.89 | CN¥9.80 | x |
| 2019-12-31 | CN¥6.84 | CN¥9.80 | x |
| 2020-12-31 | CN¥7.51 | CN¥9.80 | x |
| 2021-12-31 | CN¥8.30 | CN¥9.80 | x |
| 2022-12-31 | CN¥9.13 | CN¥9.80 | x |
| 2023-12-31 | CN¥9.57 | CN¥9.80 | x |
| 2024-12-31 | CN¥9.93 | CN¥9.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xilinmen Furniture 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): 8.56%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.69%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.36x
- Recent ROE (8.56%) is below the historical average (12.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 38.80% | 11.69% | 1.29x | 2.57x | CN¥52.25 Million |
| 2010 | 29.25% | 12.02% | 1.07x | 2.28x | CN¥53.02 Million |
| 2011 | 26.48% | 10.48% | 1.28x | 1.98x | CN¥54.69 Million |
| 2012 | 10.04% | 11.34% | 0.72x | 1.23x | CN¥358.73K |
| 2013 | 10.97% | 11.76% | 0.68x | 1.38x | CN¥10.60 Million |
| 2014 | 8.17% | 7.28% | 0.65x | 1.73x | CN¥-21.00 Million |
| 2015 | 14.23% | 11.30% | 0.52x | 2.41x | CN¥56.68 Million |
| 2016 | 8.43% | 9.19% | 0.51x | 1.81x | CN¥-37.95 Million |
| 2017 | 10.49% | 8.90% | 0.55x | 2.14x | CN¥13.22 Million |
| 2018 | -19.18% | -10.41% | 0.70x | 2.62x | CN¥-666.81 Million |
| 2019 | 14.33% | 7.81% | 0.73x | 2.51x | CN¥114.93 Million |
| 2020 | 10.66% | 5.57% | 0.74x | 2.57x | CN¥19.31 Million |
| 2021 | 17.46% | 7.19% | 0.94x | 2.60x | CN¥238.80 Million |
| 2022 | 6.79% | 3.03% | 0.87x | 2.59x | CN¥-112.10 Million |
| 2023 | 11.59% | 4.94% | 0.97x | 2.41x | CN¥58.96 Million |
| 2024 | 8.56% | 3.69% | 0.98x | 2.36x | CN¥-54.41 Million |
Industry Comparison
This section compares Xilinmen Furniture 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: $17,549,251,672
- Average return on equity (ROE) among peers: 11.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xilinmen Furniture Co Ltd (603008) | CN¥3.96 Billion | 38.80% | 1.20x | $528.15 Million |
| Midea Group Co Ltd (000333) | $134.83 Billion | 21.19% | 1.88x | $81.80 Billion |
| Changhong Meiling Co Ltd (000521) | $6.19 Billion | 11.96% | 2.13x | $734.15 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $7.73 Billion | 25.45% | 2.99x | $32.75 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $12.48 Billion | 14.37% | 1.72x | $3.28 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $452.94 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $738.53 Million |
| Zhejiang Supor Co Ltd (002032) | $5.01 Billion | 17.75% | 0.48x | $5.54 Billion |
| Vatti Corp Ltd (002035) | $1.27 Billion | 17.60% | 0.86x | $736.79 Million |
| CNlight Co Ltd (002076) | $259.28 Million | -5.05% | 1.04x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $363.03 Million |
About Xilinmen Furniture Co Ltd
Sleemon Healthy Sleep Technology Co., Ltd. designs, develops, produces, and sells furniture products in China. The company offers mattresses, beds, sofas, pillows, beddings, and smart sleep products, as well as provides whole-house customization services. It offers its products under the Pure Sleep, Fasciman, Elna, Xi Le, and Wheat Wind brand names. The company was formerly known as Xilinmen Furn… Read more