Shijiazhuang Kelin Elec Co (603050) - Net Assets
Based on the latest financial reports, Shijiazhuang Kelin Elec Co (603050) has net assets worth CN¥1.86 Billion CNY (≈ $271.69 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¥4.96 Billion ≈ $726.09 Million USD) and total liabilities (CN¥3.11 Billion ≈ $454.40 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 Shijiazhuang Kelin Elec Co (603050) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.86 Billion |
| % of Total Assets | 37.42% |
| Annual Growth Rate | 16.57% |
| 5-Year Change | 37.18% |
| 10-Year Change | 198.42% |
| Growth Volatility | 19.88 |
Shijiazhuang Kelin Elec Co - Net Assets Trend (2012–2024)
This chart illustrates how Shijiazhuang Kelin Elec Co's net assets have evolved over time, based on quarterly financial data. Also explore 603050 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shijiazhuang Kelin Elec Co (2012–2024)
The table below shows the annual net assets of Shijiazhuang Kelin Elec Co from 2012 to 2024. For live valuation and market cap data, see Shijiazhuang Kelin Elec Co market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.69 Billion ≈ $247.56 Million |
+5.10% |
| 2023-12-31 | CN¥1.61 Billion ≈ $235.55 Million |
+16.19% |
| 2022-12-31 | CN¥1.39 Billion ≈ $202.73 Million |
+6.67% |
| 2021-12-31 | CN¥1.30 Billion ≈ $190.05 Million |
+5.32% |
| 2020-12-31 | CN¥1.23 Billion ≈ $180.46 Million |
+9.19% |
| 2019-12-31 | CN¥1.13 Billion ≈ $165.27 Million |
+7.51% |
| 2018-12-31 | CN¥1.05 Billion ≈ $153.72 Million |
+7.28% |
| 2017-12-31 | CN¥979.21 Million ≈ $143.29 Million |
+57.70% |
| 2016-12-31 | CN¥620.93 Million ≈ $90.86 Million |
+9.53% |
| 2015-12-31 | CN¥566.89 Million ≈ $82.95 Million |
+8.96% |
| 2014-12-31 | CN¥520.25 Million ≈ $76.13 Million |
+65.42% |
| 2013-12-31 | CN¥314.50 Million ≈ $46.02 Million |
+17.09% |
| 2012-12-31 | CN¥268.59 Million ≈ $39.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shijiazhuang Kelin Elec Co'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 813.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥935.98 Million | 56.21% |
| Common Stock | CN¥272.51 Million | 16.37% |
| Other Comprehensive Income | CN¥70.46 Million | 4.23% |
| Other Components | CN¥386.09 Million | 23.19% |
| Total Equity | CN¥1.67 Billion | 100.00% |
Shijiazhuang Kelin Elec Co Competitors by Market Cap
The table below lists competitors of Shijiazhuang Kelin Elec Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Evergreen Steel Corp
TW:2211
|
$1.28 Billion |
|
LIBERTY LAT.AMER.C DL-01
F:1LLC
|
$1.28 Billion |
|
Elevra Lithium Limited
AU:ELV
|
$1.28 Billion |
|
SkiStar AB (publ)
ST:SKIS-B
|
$1.28 Billion |
|
Acbel Polytech Inc
TW:6282
|
$1.28 Billion |
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$1.28 Billion |
|
Shantou Dongfeng Printing Co Ltd
SHG:601515
|
$1.28 Billion |
|
Carlsberg Brewery Malaysia Bhd
KLSE:2836
|
$1.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shijiazhuang Kelin Elec Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,578,534,440 to 1,665,044,238, a change of 86,509,798 (5.5%).
- Net income of 177,840,388 contributed positively to equity growth.
- Dividend payments of 127,032,232 reduced retained earnings.
- Other comprehensive income increased equity by 4,778,397.
- Other factors increased equity by 30,923,245.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥177.84 Million | +10.68% |
| Dividends Paid | CN¥127.03 Million | -7.63% |
| Other Comprehensive Income | CN¥4.78 Million | +0.29% |
| Other Changes | CN¥30.92 Million | +1.86% |
| Total Change | CN¥- | 5.48% |
Book Value vs Market Value Analysis
This analysis compares Shijiazhuang Kelin Elec Co'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: 5.28x
- 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 8.06x to 5.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥2.69 | CN¥21.70 | x |
| 2013-12-31 | CN¥3.18 | CN¥21.70 | x |
| 2014-12-31 | CN¥4.46 | CN¥21.70 | x |
| 2015-12-31 | CN¥3.40 | CN¥21.70 | x |
| 2016-12-31 | CN¥3.53 | CN¥21.70 | x |
| 2017-12-31 | CN¥4.71 | CN¥21.70 | x |
| 2018-12-31 | CN¥4.64 | CN¥21.70 | x |
| 2019-12-31 | CN¥4.98 | CN¥21.70 | x |
| 2020-12-31 | CN¥5.38 | CN¥21.70 | x |
| 2021-12-31 | CN¥9.65 | CN¥21.70 | x |
| 2022-12-31 | CN¥5.99 | CN¥21.70 | x |
| 2023-12-31 | CN¥5.81 | CN¥21.70 | x |
| 2024-12-31 | CN¥4.11 | CN¥21.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shijiazhuang Kelin Elec Co 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): 10.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.34%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 3.11x
- Recent ROE (10.68%) is below the historical average (11.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.89% | 18.42% | 0.67x | 1.78x | CN¥31.94 Million |
| 2013 | 18.36% | 13.54% | 0.63x | 2.15x | CN¥26.28 Million |
| 2014 | 9.87% | 10.11% | 0.60x | 1.64x | CN¥-683.98K |
| 2015 | 9.99% | 9.35% | 0.62x | 1.72x | CN¥-49.76K |
| 2016 | 10.72% | 8.38% | 0.69x | 1.86x | CN¥4.45 Million |
| 2017 | 7.43% | 7.50% | 0.56x | 1.76x | CN¥-25.16 Million |
| 2018 | 8.32% | 7.13% | 0.63x | 1.86x | CN¥-17.58 Million |
| 2019 | 8.05% | 6.33% | 0.60x | 2.13x | CN¥-21.93 Million |
| 2020 | 9.06% | 6.29% | 0.58x | 2.46x | CN¥-11.47 Million |
| 2021 | 6.93% | 4.35% | 0.54x | 2.97x | CN¥-39.21 Million |
| 2022 | 8.41% | 4.36% | 0.56x | 3.44x | CN¥-21.60 Million |
| 2023 | 18.95% | 7.66% | 0.74x | 3.35x | CN¥141.23 Million |
| 2024 | 10.68% | 4.34% | 0.79x | 3.11x | CN¥11.34 Million |
Industry Comparison
This section compares Shijiazhuang Kelin Elec Co's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shijiazhuang Kelin Elec Co (603050) | CN¥1.86 Billion | 21.89% | 1.67x | $1.28 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Shijiazhuang Kelin Elec Co
Shijiazhuang Kelin Electric Co., Ltd. engages in research, development, design, manufacturing, and selling of electrical power generation, transmission, and distribution in China. The company offers substation automation products, including microcomputer protection measurement and control device, substation integrated automation system, DC power supply system, and smart integrated power system; p… Read more