Ecovacs Robotics Co Ltd
Ecovacs Robotics Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of household and commercial service robot solutions in China and internationally. The company offers DEEBOT, a home floor cleaning robot; WINBOT, a window cleaning robot; ATMOBOT, a mobile air purifier robot; GOAT, a smart robotic lawnmower; FLOOR ONE, a smart floor wash… Read more
Ecovacs Robotics Co Ltd (603486) - Net Assets
Latest net assets as of September 2025: CN¥8.71 Billion CNY
Based on the latest financial reports, Ecovacs Robotics Co Ltd (603486) has net assets worth CN¥8.71 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¥16.50 Billion) and total liabilities (CN¥7.78 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¥8.71 Billion |
| % of Total Assets | 52.82% |
| Annual Growth Rate | 26.71% |
| 5-Year Change | 131.19% |
| 10-Year Change | 1099.6% |
| Growth Volatility | 32.8 |
Ecovacs Robotics Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Ecovacs Robotics 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 Ecovacs Robotics Co Ltd (2013–2024)
The table below shows the annual net assets of Ecovacs Robotics Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.20 Billion | +9.91% |
| 2023-12-31 | CN¥6.55 Billion | +1.82% |
| 2022-12-31 | CN¥6.43 Billion | +25.93% |
| 2021-12-31 | CN¥5.11 Billion | +64.04% |
| 2020-12-31 | CN¥3.11 Billion | +25.25% |
| 2019-12-31 | CN¥2.49 Billion | -0.46% |
| 2018-12-31 | CN¥2.50 Billion | +97.58% |
| 2017-12-31 | CN¥1.26 Billion | +42.29% |
| 2016-12-31 | CN¥888.14 Million | +48.04% |
| 2015-12-31 | CN¥599.93 Million | -25.18% |
| 2014-12-31 | CN¥801.86 Million | +50.70% |
| 2013-12-31 | CN¥532.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ecovacs Robotics 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 1328.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.87 Billion | 67.70% |
| Common Stock | CN¥575.30 Million | 7.99% |
| Other Components | CN¥1.75 Billion | 24.30% |
| Total Equity | CN¥7.20 Billion | 100.00% |
Ecovacs Robotics Co Ltd Competitors by Market Cap
The table below lists competitors of Ecovacs Robotics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADDLIFE AB B
F:1AD1
|
$1.52 Billion |
|
China Great Wall Securities Co Ltd Class A
SHE:002939
|
$1.52 Billion |
|
CSPC Innovation Pharmaceutical Co Ltd Class A
SHE:300765
|
$1.52 Billion |
|
Terravest Capital Inc
TO:TVK
|
$1.52 Billion |
|
Blackbaud Inc
NASDAQ:BLKB
|
$1.52 Billion |
|
BSP Financial Group Ltd
AU:BFL
|
$1.51 Billion |
|
TODCF
OTCGREY:TODCF
|
$1.51 Billion |
|
Newell Brands Inc.
SA:N1WL34
|
$1.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ecovacs Robotics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,547,319,062 to 7,196,688,187, a change of 649,369,125 (9.9%).
- Net income of 806,087,094 contributed positively to equity growth.
- Dividend payments of 212,844,999 reduced retained earnings.
- Share repurchases of 304,063,688 reduced equity.
- Other factors increased equity by 360,190,718.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥806.09 Million | +11.2% |
| Dividends Paid | CN¥212.84 Million | -2.96% |
| Share Repurchases | CN¥304.06 Million | -4.23% |
| Other Changes | CN¥360.19 Million | +5.0% |
| Total Change | CN¥- | 9.92% |
Book Value vs Market Value Analysis
This analysis compares Ecovacs Robotics 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: 5.06x
- 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 26.30x to 5.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.42 | CN¥63.70 | x |
| 2014-12-31 | CN¥3.80 | CN¥63.70 | x |
| 2015-12-31 | CN¥2.63 | CN¥63.70 | x |
| 2016-12-31 | CN¥2.59 | CN¥63.70 | x |
| 2017-12-31 | CN¥2.48 | CN¥63.70 | x |
| 2018-12-31 | CN¥4.62 | CN¥63.70 | x |
| 2019-12-31 | CN¥4.42 | CN¥63.70 | x |
| 2020-12-31 | CN¥5.54 | CN¥63.70 | x |
| 2021-12-31 | CN¥8.95 | CN¥63.70 | x |
| 2022-12-31 | CN¥11.21 | CN¥63.70 | x |
| 2023-12-31 | CN¥11.45 | CN¥63.70 | x |
| 2024-12-31 | CN¥12.59 | CN¥63.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ecovacs Robotics 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): 11.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.87%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.09x
- Recent ROE (11.20%) is below the historical average (20.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 33.14% | 8.41% | 1.46x | 2.70x | CN¥114.26 Million |
| 2014 | 20.31% | 6.80% | 1.44x | 2.07x | CN¥79.83 Million |
| 2015 | 31.24% | 6.63% | 1.56x | 3.01x | CN¥121.54 Million |
| 2016 | 5.80% | 1.56% | 1.53x | 2.43x | CN¥-36.93 Million |
| 2017 | 29.91% | 8.25% | 1.68x | 2.15x | CN¥250.07 Million |
| 2018 | 19.49% | 8.52% | 1.35x | 1.69x | CN¥236.25 Million |
| 2019 | 4.87% | 2.27% | 1.23x | 1.75x | CN¥-126.92 Million |
| 2020 | 20.68% | 8.86% | 1.17x | 1.99x | CN¥331.10 Million |
| 2021 | 39.46% | 15.36% | 1.22x | 2.10x | CN¥1.50 Billion |
| 2022 | 26.42% | 11.08% | 1.15x | 2.07x | CN¥1.06 Billion |
| 2023 | 9.35% | 3.95% | 1.16x | 2.04x | CN¥-42.66 Million |
| 2024 | 11.20% | 4.87% | 1.10x | 2.09x | CN¥86.42 Million |
Industry Comparison
This section compares Ecovacs Robotics 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 |
|---|---|---|---|---|
| Ecovacs Robotics Co Ltd (603486) | CN¥8.71 Billion | 33.14% | 0.89x | $1.52 Billion |
| 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 |