Healthcare Co Ltd
Healthcare Co.,Ltd. provides memory foam mattresses and other home products in China. The company offers smart mattresses and sofas, anti-snoring pillows, and electric beds. It sells its products under the MLILY brand name. The company was formerly known as Nantong Hengkang Sponge Products Co., Ltd. Healthcare Co., Ltd. was founded in 2003 and is based in Rugao, China.
Healthcare Co Ltd (603313) - Net Assets
Latest net assets as of September 2025: CN¥3.73 Billion CNY
Based on the latest financial reports, Healthcare Co Ltd (603313) has net assets worth CN¥3.73 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¥9.79 Billion) and total liabilities (CN¥6.05 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¥3.73 Billion |
| % of Total Assets | 38.13% |
| Annual Growth Rate | 24.18% |
| 5-Year Change | -0.2% |
| 10-Year Change | 469.89% |
| Growth Volatility | 42.12 |
Healthcare Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Healthcare 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 Healthcare Co Ltd (2011–2024)
The table below shows the annual net assets of Healthcare Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.69 Billion | -6.62% |
| 2023-12-31 | CN¥3.95 Billion | +28.94% |
| 2022-12-31 | CN¥3.06 Billion | +2.25% |
| 2021-12-31 | CN¥2.99 Billion | -18.94% |
| 2020-12-31 | CN¥3.69 Billion | +53.64% |
| 2019-12-31 | CN¥2.40 Billion | +27.52% |
| 2018-12-31 | CN¥1.89 Billion | +22.03% |
| 2017-12-31 | CN¥1.54 Billion | -7.23% |
| 2016-12-31 | CN¥1.67 Billion | +157.48% |
| 2015-12-31 | CN¥646.79 Million | +27.75% |
| 2014-12-31 | CN¥506.31 Million | +33.22% |
| 2013-12-31 | CN¥380.06 Million | +20.12% |
| 2012-12-31 | CN¥316.42 Million | +43.46% |
| 2011-12-31 | CN¥220.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Healthcare 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 441.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥549.81 Million | 15.15% |
| Common Stock | CN¥570.59 Million | 15.73% |
| Other Components | CN¥2.51 Billion | 69.12% |
| Total Equity | CN¥3.63 Billion | 100.00% |
Healthcare Co Ltd Competitors by Market Cap
The table below lists competitors of Healthcare Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$414.87 Million |
|
Westaim Corp
V:WED
|
$414.98 Million |
|
Luyin Investment Group Co Ltd
SHG:600784
|
$414.99 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$415.24 Million |
|
Ucap Cloud Information Technology Co Ltd
SHG:688228
|
$414.75 Million |
|
Guangzhou Grandbuy Co Ltd
SHE:002187
|
$414.68 Million |
|
Bank Sinarmas Tbk
JK:BSIM
|
$414.61 Million |
|
Scandi Standard publ AB
ST:SCST
|
$414.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Healthcare Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,884,222,977 to 3,628,152,636, a change of -256,070,341 (-6.6%).
- Net loss of 151,420,324 reduced equity.
- Dividend payments of 125,820,169 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-151.42 Million | -4.17% |
| Dividends Paid | CN¥125.82 Million | -3.47% |
| Other Changes | CN¥21.17 Million | +0.58% |
| Total Change | CN¥- | -6.59% |
Book Value vs Market Value Analysis
This analysis compares Healthcare 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: 1.41x
- 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 12.62x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.72 | CN¥9.09 | x |
| 2012-12-31 | CN¥1.03 | CN¥9.09 | x |
| 2013-12-31 | CN¥1.23 | CN¥9.09 | x |
| 2014-12-31 | CN¥1.67 | CN¥9.09 | x |
| 2015-12-31 | CN¥2.11 | CN¥9.09 | x |
| 2016-12-31 | CN¥5.06 | CN¥9.09 | x |
| 2017-12-31 | CN¥3.78 | CN¥9.09 | x |
| 2018-12-31 | CN¥4.60 | CN¥9.09 | x |
| 2019-12-31 | CN¥5.43 | CN¥9.09 | x |
| 2020-12-31 | CN¥7.97 | CN¥9.09 | x |
| 2021-12-31 | CN¥6.01 | CN¥9.09 | x |
| 2022-12-31 | CN¥6.14 | CN¥9.09 | x |
| 2023-12-31 | CN¥8.02 | CN¥9.09 | x |
| 2024-12-31 | CN¥6.47 | CN¥9.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Healthcare 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): -4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.79%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.65x
- Recent ROE (-4.17%) is below the historical average (14.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 36.52% | 11.93% | 1.65x | 1.86x | CN¥58.38 Million |
| 2012 | 36.29% | 12.67% | 1.74x | 1.65x | CN¥82.56 Million |
| 2013 | 28.75% | 11.31% | 1.58x | 1.60x | CN¥70.52 Million |
| 2014 | 25.92% | 11.26% | 1.57x | 1.46x | CN¥80.36 Million |
| 2015 | 25.50% | 11.93% | 1.39x | 1.54x | CN¥99.84 Million |
| 2016 | 12.04% | 11.63% | 0.87x | 1.19x | CN¥33.98 Million |
| 2017 | 10.18% | 6.66% | 1.01x | 1.51x | CN¥2.73 Million |
| 2018 | 10.03% | 6.10% | 0.90x | 1.82x | CN¥623.07K |
| 2019 | 16.01% | 9.75% | 0.83x | 1.98x | CN¥140.27 Million |
| 2020 | 10.64% | 5.80% | 0.92x | 1.99x | CN¥22.92 Million |
| 2021 | -9.28% | -3.31% | 0.88x | 3.16x | CN¥-560.33 Million |
| 2022 | 1.39% | 0.52% | 0.88x | 3.05x | CN¥-256.42 Million |
| 2023 | 2.74% | 1.34% | 0.79x | 2.59x | CN¥-281.82 Million |
| 2024 | -4.17% | -1.79% | 0.88x | 2.65x | CN¥-514.24 Million |
Industry Comparison
This section compares Healthcare 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 |
|---|---|---|---|---|
| Healthcare Co Ltd (603313) | CN¥3.73 Billion | 36.52% | 1.62x | $414.76 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 |