Kingclean Electric Co Ltd
Kingclean Electric Co.,Ltd, an electric household company, manufactures and sells home appliances, kitchen appliances, and garden tools under the KingClean brand in the People's Republic of China. Its products include cleaning products, such as vacuum cleaners and robots, steamer cleaners, and mattress cleaners; environment appliances, including air and water purifiers, tea maker, humidifier, fan… Read more
Kingclean Electric Co Ltd (603355) - Net Assets
Latest net assets as of September 2025: CN¥5.58 Billion CNY
Based on the latest financial reports, Kingclean Electric Co Ltd (603355) has net assets worth CN¥5.58 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¥15.25 Billion) and total liabilities (CN¥9.67 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¥5.58 Billion |
| % of Total Assets | 36.61% |
| Annual Growth Rate | 15.64% |
| 5-Year Change | 44.14% |
| 10-Year Change | 94.24% |
| Growth Volatility | 20.38 |
Kingclean Electric Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Kingclean Electric 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 Kingclean Electric Co Ltd (2011–2024)
The table below shows the annual net assets of Kingclean Electric Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.97 Billion | +13.26% |
| 2023-12-31 | CN¥4.39 Billion | +15.30% |
| 2022-12-31 | CN¥3.81 Billion | +17.32% |
| 2021-12-31 | CN¥3.24 Billion | -5.92% |
| 2020-12-31 | CN¥3.45 Billion | +7.79% |
| 2019-12-31 | CN¥3.20 Billion | +15.00% |
| 2018-12-31 | CN¥2.78 Billion | -14.17% |
| 2017-12-31 | CN¥3.24 Billion | +8.91% |
| 2016-12-31 | CN¥2.98 Billion | +16.31% |
| 2015-12-31 | CN¥2.56 Billion | +69.53% |
| 2014-12-31 | CN¥1.51 Billion | +29.52% |
| 2013-12-31 | CN¥1.17 Billion | +7.69% |
| 2012-12-31 | CN¥1.08 Billion | +44.02% |
| 2011-12-31 | CN¥751.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kingclean Electric 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 1310.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.95 Billion | 59.55% |
| Common Stock | CN¥573.51 Million | 11.58% |
| Other Components | CN¥1.43 Billion | 28.87% |
| Total Equity | CN¥4.95 Billion | 100.00% |
Kingclean Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Kingclean Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Aonong Biological Technology Group Incorporation Ltd
SHG:603363
|
$1.31 Billion |
|
Dynapack International Technology
TWO:3211
|
$1.31 Billion |
|
Perusahaan Gas Negara Persero
JK:PGAS
|
$1.31 Billion |
|
Farsoon Technology Co. Ltd. A
SHG:688433
|
$1.31 Billion |
|
Shenzhen Clou Electronics Co Ltd
SHE:002121
|
$1.31 Billion |
|
Kinnevik AB Series A
LSE:0RGZ
|
$1.31 Billion |
|
Liberty Latin America Ltd
NASDAQ:LILA
|
$1.31 Billion |
|
Aperam SA
OTCGREY:APMSF
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kingclean Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,374,405,871 to 4,954,518,127, a change of 580,112,256 (13.3%).
- Net income of 1,230,443,310 contributed positively to equity growth.
- Dividend payments of 973,390,312 reduced retained earnings.
- Share repurchases of 1,375,464 reduced equity.
- Other factors increased equity by 324,434,722.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.23 Billion | +24.83% |
| Dividends Paid | CN¥973.39 Million | -19.65% |
| Share Repurchases | CN¥1.38 Million | -0.03% |
| Other Changes | CN¥324.43 Million | +6.55% |
| Total Change | CN¥- | 13.26% |
Book Value vs Market Value Analysis
This analysis compares Kingclean Electric 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: 3.65x
- 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 21.28x to 3.65x 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¥1.48 | CN¥31.56 | x |
| 2012-12-31 | CN¥2.15 | CN¥31.56 | x |
| 2013-12-31 | CN¥2.31 | CN¥31.56 | x |
| 2014-12-31 | CN¥3.01 | CN¥31.56 | x |
| 2015-12-31 | CN¥4.76 | CN¥31.56 | x |
| 2016-12-31 | CN¥5.30 | CN¥31.56 | x |
| 2017-12-31 | CN¥5.76 | CN¥31.56 | x |
| 2018-12-31 | CN¥4.93 | CN¥31.56 | x |
| 2019-12-31 | CN¥5.70 | CN¥31.56 | x |
| 2020-12-31 | CN¥6.14 | CN¥31.56 | x |
| 2021-12-31 | CN¥5.78 | CN¥31.56 | x |
| 2022-12-31 | CN¥6.62 | CN¥31.56 | x |
| 2023-12-31 | CN¥7.64 | CN¥31.56 | x |
| 2024-12-31 | CN¥8.64 | CN¥31.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kingclean Electric 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): 24.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.60%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.75x
- Recent ROE (24.83%) is above the historical average (20.68%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 33.24% | 8.75% | 1.34x | 2.84x | CN¥174.59 Million |
| 2012 | 30.56% | 9.85% | 1.29x | 2.41x | CN¥222.53 Million |
| 2013 | 27.22% | 8.64% | 1.36x | 2.32x | CN¥200.68 Million |
| 2014 | 22.79% | 8.13% | 1.41x | 1.98x | CN¥193.09 Million |
| 2015 | 14.25% | 9.09% | 1.08x | 1.46x | CN¥108.50 Million |
| 2016 | 16.85% | 11.46% | 0.86x | 1.71x | CN¥203.84 Million |
| 2017 | 11.28% | 6.40% | 1.10x | 1.60x | CN¥41.62 Million |
| 2018 | 15.21% | 7.21% | 1.31x | 1.61x | CN¥144.86 Million |
| 2019 | 15.70% | 8.81% | 1.06x | 1.68x | CN¥182.37 Million |
| 2020 | 9.52% | 5.22% | 0.88x | 2.07x | CN¥-16.72 Million |
| 2021 | 15.50% | 6.33% | 0.89x | 2.75x | CN¥178.34 Million |
| 2022 | 27.09% | 10.37% | 0.94x | 2.78x | CN¥649.85 Million |
| 2023 | 25.53% | 12.70% | 0.70x | 2.87x | CN¥679.44 Million |
| 2024 | 24.83% | 12.60% | 0.72x | 2.75x | CN¥734.99 Million |
Industry Comparison
This section compares Kingclean Electric 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: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kingclean Electric Co Ltd (603355) | CN¥5.58 Billion | 33.24% | 1.73x | $1.31 Billion |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |