Runner Xiamen Corp (603408) - Net Assets
Based on the latest financial reports, Runner Xiamen Corp (603408) has net assets worth CN¥3.43 Billion CNY (≈ $502.47 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¥5.50 Billion ≈ $804.59 Million USD) and total liabilities (CN¥2.06 Billion ≈ $302.12 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. Also explore Runner Xiamen Corp (603408) net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.43 Billion |
| % of Total Assets | 62.45% |
| Annual Growth Rate | 19.72% |
| 5-Year Change | 38.06% |
| 10-Year Change | N/A |
| Growth Volatility | 16.44 |
Runner Xiamen Corp - Net Assets Trend (2016–2024)
This chart illustrates how Runner Xiamen Corp's net assets have evolved over time, based on quarterly financial data. Check Runner Xiamen Corp (603408) strategic asset index to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Runner Xiamen Corp (2016–2024)
The table below shows the annual net assets of Runner Xiamen Corp from 2016 to 2024. For live market cap and overall valuation, see Runner Xiamen Corp (603408) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.28 Billion ≈ $480.25 Million |
+5.88% |
| 2023-12-31 | CN¥3.10 Billion ≈ $453.60 Million |
+7.90% |
| 2022-12-31 | CN¥2.87 Billion ≈ $420.37 Million |
+10.52% |
| 2021-12-31 | CN¥2.60 Billion ≈ $380.35 Million |
+9.34% |
| 2020-12-31 | CN¥2.38 Billion ≈ $347.85 Million |
+59.09% |
| 2019-12-31 | CN¥1.49 Billion ≈ $218.65 Million |
+20.49% |
| 2018-12-31 | CN¥1.24 Billion ≈ $181.46 Million |
+28.59% |
| 2017-12-31 | CN¥964.39 Million ≈ $141.12 Million |
+24.01% |
| 2016-12-31 | CN¥777.66 Million ≈ $113.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Runner Xiamen Corp'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 437.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 48.88% |
| Common Stock | CN¥447.57 Million | 13.64% |
| Other Comprehensive Income | CN¥7.38 Million | 0.22% |
| Other Components | CN¥1.22 Billion | 37.25% |
| Total Equity | CN¥3.28 Billion | 100.00% |
Runner Xiamen Corp Competitors by Market Cap
The table below lists competitors of Runner Xiamen Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wecome Intelligent Manufacturing Co. Ltd.
SHG:603070
|
$692.41 Million |
|
Msscorps Co Ltd
TW:6830
|
$692.54 Million |
|
Shanghai Shuixing Home Textile Co Ltd Class A
SHG:603365
|
$692.56 Million |
|
Archean Chemical Industries Limited
NSE:ACI
|
$692.61 Million |
|
MD Pictures Tbk PT
JK:FILM
|
$692.20 Million |
|
Zhang Xiaoquan Inc.
SHE:301055
|
$692.14 Million |
|
Tianjin Zhong Xin Pharmaceutical Group Corporation Limited
STU:2TZ
|
$692.11 Million |
|
China Bills Finance Corp
TW:2820
|
$691.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Runner Xiamen Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,097,705,812 to 3,281,093,127, a change of 183,387,315 (5.9%).
- Net income of 481,929,251 contributed positively to equity growth.
- Dividend payments of 303,485,631 reduced retained earnings.
- Share repurchases of 29,994,451 reduced equity.
- Other comprehensive income increased equity by 5,356,702.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥481.93 Million | +14.69% |
| Dividends Paid | CN¥303.49 Million | -9.25% |
| Share Repurchases | CN¥29.99 Million | -0.91% |
| Other Comprehensive Income | CN¥5.36 Million | +0.16% |
| Other Changes | CN¥29.58 Million | +0.9% |
| Total Change | CN¥- | 5.92% |
Book Value vs Market Value Analysis
This analysis compares Runner Xiamen Corp'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: 1.44x
- 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 5.46x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.94 | CN¥10.57 | x |
| 2017-12-31 | CN¥2.40 | CN¥10.57 | x |
| 2018-12-31 | CN¥3.08 | CN¥10.57 | x |
| 2019-12-31 | CN¥3.35 | CN¥10.57 | x |
| 2020-12-31 | CN¥5.32 | CN¥10.57 | x |
| 2021-12-31 | CN¥5.83 | CN¥10.57 | x |
| 2022-12-31 | CN¥6.46 | CN¥10.57 | x |
| 2023-12-31 | CN¥6.93 | CN¥10.57 | x |
| 2024-12-31 | CN¥7.35 | CN¥10.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Runner Xiamen Corp 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): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.63%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.50x
- Recent ROE (14.69%) is below the historical average (20.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 34.36% | 10.08% | 1.38x | 2.47x | CN¥189.46 Million |
| 2017 | 24.57% | 7.67% | 1.48x | 2.16x | CN¥140.56 Million |
| 2018 | 26.99% | 9.48% | 1.48x | 1.92x | CN¥210.68 Million |
| 2019 | 22.35% | 9.84% | 1.36x | 1.68x | CN¥184.55 Million |
| 2020 | 15.35% | 9.52% | 1.02x | 1.58x | CN¥127.26 Million |
| 2021 | 14.48% | 7.99% | 1.09x | 1.66x | CN¥116.40 Million |
| 2022 | 15.95% | 10.94% | 0.95x | 1.53x | CN¥170.78 Million |
| 2023 | 13.71% | 9.80% | 0.92x | 1.52x | CN¥115.06 Million |
| 2024 | 14.69% | 9.63% | 1.02x | 1.50x | CN¥153.82 Million |
Industry Comparison
This section compares Runner Xiamen Corp's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $2,385,248,955
- Average return on equity (ROE) among peers: 152.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Runner Xiamen Corp (603408) | CN¥3.43 Billion | 34.36% | 0.60x | $692.27 Million |
| Central Plains Environment Protection Co Ltd (000544) | $588.07 Million | 12.54% | 0.70x | $1.06 Billion |
| Shenwu Energy Saving Co Ltd (000820) | $136.03 Million | 1462.71% | 1.32x | $365.20 Million |
| Hebei Sailhero Environmental (300137) | $83.77 Million | 28.22% | 1.13x | $974.42 Million |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $321.40 Million | -22.81% | 1.44x | $174.19 Million |
| Nanjing CEC Environmental Protect (300172) | $1.80 Billion | 5.93% | 0.55x | $456.50 Million |
| Shanghai Canature Environmental (300272) | $1.18 Billion | 7.67% | 1.22x | $527.02 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $14.01 Billion | 6.05% | 0.25x | $7.59 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $321.78 Million | 16.64% | 0.35x | $406.31 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $4.41 Billion | 5.27% | 0.83x | $515.69 Million |
| ShenZhen GAD Environmental Technology Co. Ltd. (300854) | $1.00 Billion | 2.04% | 0.74x | $368.39 Million |
About Runner Xiamen Corp
Runner (Xiamen) Corp. engages in the research and development, design, production, and sale of kitchen and bathroom products, livable air, health care, water purification products, and other products in China and internationally. The company offers showers, faucets, and water inlet and outlet products. It also offers air treatment, home appliance, pipe installation, and other household products. … Read more