Xiamen Goldenhome Co Ltd (603180) - Net Assets
Based on the latest financial reports, Xiamen Goldenhome Co Ltd (603180) has net assets worth CN¥2.82 Billion CNY (≈ $412.80 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¥6.06 Billion ≈ $886.33 Million USD) and total liabilities (CN¥3.24 Billion ≈ $473.53 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 resilience ratio of Xiamen Goldenhome Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.82 Billion |
| % of Total Assets | 46.57% |
| Annual Growth Rate | 30.01% |
| 5-Year Change | 53.71% |
| 10-Year Change | 1331.5% |
| Growth Volatility | 52.31 |
Xiamen Goldenhome Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Xiamen Goldenhome Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Xiamen Goldenhome Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Xiamen Goldenhome Co Ltd (2012–2024)
The table below shows the annual net assets of Xiamen Goldenhome Co Ltd from 2012 to 2024. For live valuation and market cap data, see market value of Xiamen Goldenhome Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
-- |
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 11130.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.49 Billion | 52.87% |
| Common Stock | CN¥154.26 Million | 5.49% |
| Other Comprehensive Income | CN¥133.68 Million | 4.76% |
| Other Components | CN¥1.04 Billion | 36.89% |
| Total Equity | CN¥2.81 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 |
|---|---|
|
Colony Bankcorp Inc.
NYSE:CBAN
|
$418.23 Million |
|
Yunnan Jinggu Forestry Co Ltd
SHG:600265
|
$418.24 Million |
|
Heliostar Metals Ltd
V:HSTR
|
$418.43 Million |
|
ZH.JIN.ENV.HLDG DL-00001
F:3UG
|
$418.52 Million |
|
Iljin Holdings
KO:015860
|
$417.91 Million |
|
Suzhou Kelida Bldg &
SHG:603828
|
$417.72 Million |
|
Trusval Technology Co Ltd
TWO:6667
|
$417.64 Million |
|
BRBI BR Partners S.A. ADSs
NASDAQ:BRBI
|
$417.62 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 2023 to 2024, total equity changed from 2,768,173,589 to 2,811,163,102, a change of 42,989,513 (1.6%).
- Net income of 199,287,030 contributed positively to equity growth.
- Dividend payments of 130,337,279 reduced retained earnings.
- Share repurchases of 30,539,295 reduced equity.
- Other comprehensive income increased equity by 3,068,269.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥199.29 Million | +7.09% |
| Dividends Paid | CN¥130.34 Million | -4.64% |
| Share Repurchases | CN¥30.54 Million | -1.09% |
| Other Comprehensive Income | CN¥3.07 Million | +0.11% |
| Other Changes | CN¥1.51 Million | +0.05% |
| 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: 1.09x
- 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 15.38x to 1.09x 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¥18.52 | x |
| 2013-12-31 | CN¥1.25 | CN¥18.52 | x |
| 2014-12-31 | CN¥1.65 | CN¥18.52 | x |
| 2015-12-31 | CN¥2.06 | CN¥18.52 | x |
| 2016-12-31 | CN¥2.89 | CN¥18.52 | x |
| 2017-12-31 | CN¥7.30 | CN¥18.52 | x |
| 2018-12-31 | CN¥7.49 | CN¥18.52 | x |
| 2019-12-31 | CN¥9.32 | CN¥18.52 | x |
| 2020-12-31 | CN¥13.73 | CN¥18.52 | x |
| 2021-12-31 | CN¥16.33 | CN¥18.52 | x |
| 2022-12-31 | CN¥16.85 | CN¥18.52 | x |
| 2023-12-31 | CN¥16.68 | CN¥18.52 | x |
| 2024-12-31 | CN¥17.07 | CN¥18.52 | 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): 7.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.74%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.27x
- Recent ROE (7.09%) is below the historical average (18.79%), 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 |
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: $8,499,597,456
- Average return on equity (ROE) among peers: 7.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiamen Goldenhome Co Ltd (603180) | CN¥2.82 Billion | 18.65% | 1.15x | $418.05 Million |
| Midea Group Co Ltd (000333) | $56.03 Billion | 22.68% | 1.30x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $1.40 Billion | 4.87% | 0.81x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $5.86 Billion | 21.67% | 3.36x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $15.59 Billion | 6.24% | 2.59x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $1.95 Billion | -30.92% | 1.09x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $2.39 Billion | 13.00% | 0.37x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $325.23 Million | 8.29% | 1.55x | $730.59 Million |
| CNlight Co Ltd (002076) | $365.21 Million | 13.83% | 0.22x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $364.92 Million |
About Xiamen Goldenhome Co Ltd
GoldenHome Living Co., Ltd. research, design, develops, produces, sells, installs, and services integrated kitchen cabinets, and customized and smart home products in China. It also offers wardrobes, bathroom and kitchen cabinets, wooden doors, and smart home appliances, as well as furniture and soft furnishings. The company sells its products through a network of kitchen cabinet stores; wardrobe… Read more