Xiamen Goldenhome Co Ltd (603180) - Net Assets
Based on the latest financial reports, Xiamen Goldenhome Co Ltd (603180) has net assets worth CN¥2.59 Billion CNY (≈ $379.06 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.64 Billion ≈ $825.20 Million USD) and total liabilities (CN¥3.05 Billion ≈ $446.14 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 asset allocation strategy of Xiamen Goldenhome Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.59 Billion |
| % of Total Assets | 45.94% |
| Annual Growth Rate | 27.27% |
| 5-Year Change | 14.68% |
| 10-Year Change | 878.52% |
| Growth Volatility | 51.27 |
Xiamen Goldenhome Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Xiamen Goldenhome Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Xiamen Goldenhome Co Ltd.
Annual Net Assets for Xiamen Goldenhome Co Ltd (2012–2025)
The table below shows the annual net assets of Xiamen Goldenhome Co Ltd from 2012 to 2025. Also explore 603180 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.78 Billion ≈ $406.14 Million |
-1.54% |
| 2024-12-31 | CN¥2.82 Billion ≈ $412.48 Million |
+1.50% |
| 2023-12-31 | CN¥2.78 Billion ≈ $406.39 Million |
+6.72% |
| 2022-12-31 | CN¥2.60 Billion ≈ $380.79 Million |
+7.52% |
| 2021-12-31 | CN¥2.42 Billion ≈ $354.16 Million |
+31.97% |
| 2020-12-31 | CN¥1.83 Billion ≈ $268.35 Million |
+51.08% |
| 2019-12-31 | CN¥1.21 Billion ≈ $177.63 Million |
+23.13% |
| 2018-12-31 | CN¥985.84 Million ≈ $144.26 Million |
+14.85% |
| 2017-12-31 | CN¥858.36 Million ≈ $125.61 Million |
+202.62% |
| 2016-12-31 | CN¥283.64 Million ≈ $41.51 Million |
+44.04% |
| 2015-12-31 | CN¥196.91 Million ≈ $28.81 Million |
+24.91% |
| 2014-12-31 | CN¥157.64 Million ≈ $23.07 Million |
+26.75% |
| 2013-12-31 | CN¥124.38 Million ≈ $18.20 Million |
+2.94% |
| 2012-12-31 | CN¥120.82 Million ≈ $17.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xiamen Goldenhome 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 10843.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.45 Billion | 52.32% |
| Other Components | CN¥1.32 Billion | 47.68% |
| Total Equity | CN¥2.77 Billion | 100.00% |
Xiamen Goldenhome Co Ltd Competitors by Market Cap
The table below lists competitors of Xiamen Goldenhome Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JSL S.A
SA:JSLG3
|
$356.69 Million |
|
Twin Disc Incorporated
NASDAQ:TWIN
|
$356.79 Million |
|
DongGuan Winnerway Industrial Zone Ltd
SHE:000573
|
$356.79 Million |
|
Shaanxi Broadcast & TV Network Intermediary Group Co Ltd
SHG:600831
|
$356.84 Million |
|
Chengdu Tianjian Technology Co Ltd
SHE:002977
|
$356.64 Million |
|
Karbon Capital Partners Corp. Class A Ordinary Shares
NASDAQ:KBON
|
$356.55 Million |
|
GSR III Acquisition Corp. Ordinary Shares
NASDAQ:GSRT
|
$356.55 Million |
|
Borussia Dortmund GmbH & Co KGaA
XETRA:BVB
|
$356.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiamen Goldenhome Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,811,163,102 to 2,767,699,645, a change of -43,463,457 (-1.5%).
- Net income of 21,880,892 contributed positively to equity growth.
- Dividend payments of 65,265,273 reduced retained earnings.
- Other comprehensive income decreased equity by 133,681,907.
- Other factors increased equity by 133,602,831.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥21.88 Million | +0.79% |
| Dividends Paid | CN¥65.27 Million | -2.36% |
| Other Comprehensive Income | CN¥-133.68 Million | -4.83% |
| Other Changes | CN¥133.60 Million | +4.83% |
| Total Change | CN¥- | -1.55% |
Book Value vs Market Value Analysis
This analysis compares Xiamen Goldenhome 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: 0.88x
- 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 13.12x to 0.88x 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¥1.20 | CN¥15.80 | x |
| 2013-12-31 | CN¥1.25 | CN¥15.80 | x |
| 2014-12-31 | CN¥1.65 | CN¥15.80 | x |
| 2015-12-31 | CN¥2.06 | CN¥15.80 | x |
| 2016-12-31 | CN¥2.89 | CN¥15.80 | x |
| 2017-12-31 | CN¥7.30 | CN¥15.80 | x |
| 2018-12-31 | CN¥7.49 | CN¥15.80 | x |
| 2019-12-31 | CN¥9.31 | CN¥15.80 | x |
| 2020-12-31 | CN¥13.73 | CN¥15.80 | x |
| 2021-12-31 | CN¥16.33 | CN¥15.80 | x |
| 2022-12-31 | CN¥16.85 | CN¥15.80 | x |
| 2023-12-31 | CN¥16.68 | CN¥15.80 | x |
| 2024-12-31 | CN¥17.07 | CN¥15.80 | x |
| 2025-12-31 | CN¥17.94 | CN¥15.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiamen Goldenhome 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.66%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.18x
- Recent ROE (0.79%) is below the historical average (17.51%), 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 | 18.65% | 5.74% | 1.13x | 2.89x | CN¥10.66 Million |
| 2013 | 24.13% | 5.48% | 1.26x | 3.49x | CN¥18.01 Million |
| 2014 | 24.79% | 5.83% | 1.29x | 3.29x | CN¥23.88 Million |
| 2015 | 23.57% | 6.04% | 1.04x | 3.76x | CN¥27.26 Million |
| 2016 | 33.93% | 8.76% | 1.32x | 2.94x | CN¥67.86 Million |
| 2017 | 19.43% | 11.56% | 0.91x | 1.84x | CN¥80.91 Million |
| 2018 | 21.39% | 12.35% | 0.92x | 1.89x | CN¥111.92 Million |
| 2019 | 20.03% | 11.41% | 0.79x | 2.21x | CN¥121.41 Million |
| 2020 | 16.03% | 11.09% | 0.76x | 1.91x | CN¥110.07 Million |
| 2021 | 14.02% | 9.80% | 0.76x | 1.87x | CN¥96.91 Million |
| 2022 | 10.68% | 7.80% | 0.73x | 1.88x | CN¥17.68 Million |
| 2023 | 10.55% | 8.01% | 0.61x | 2.16x | CN¥15.22 Million |
| 2024 | 7.09% | 5.74% | 0.55x | 2.27x | CN¥-81.83 Million |
| 2025 | 0.79% | 0.66% | 0.55x | 2.18x | CN¥-254.89 Million |
Industry Comparison
This section compares Xiamen Goldenhome 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: $15,343,637,565
- Average return on equity (ROE) among peers: 8.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiamen Goldenhome Co Ltd (603180) | CN¥2.59 Billion | 18.65% | 1.18x | $356.65 Million |
| Midea Group Co Ltd (000333) | $4.91 Billion | 3.72% | 2.29x | $83.93 Billion |
| Changhong Meiling Co Ltd (000521) | $1.11 Billion | 13.05% | 0.98x | $570.29 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $112.05 Billion | 22.04% | 1.53x | $31.29 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $14.41 Billion | 10.96% | 1.90x | $3.62 Billion |
| Suncha Technology Co Ltd (001211) | $868.55 Million | 0.28% | 1.25x | $374.46 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $687.25 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $4.61 Billion |
| Vatti Corp Ltd (002035) | $3.87 Billion | 7.77% | 0.84x | $571.82 Million |
| CNlight Co Ltd (002076) | $1.02 Billion | 3.96% | 0.64x | $350.57 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.68 Billion | 5.48% | 0.46x | $605.05 Million |
About Xiamen Goldenhome Co Ltd
GoldenHome Living Co., Ltd., together with its subsidiaries, engages in the research, design, production, sale, installation, and after-sales service of integrated kitchen cabinets and customized home furnishings in China and internationally. It offers cabinets, wooden doors, home appliances, smart home products, bathroom and balcony furnishings, and soft furnishings, as well as whole-house custo… Read more