Ecovacs Robotics Co Ltd (603486) - Net Assets

Latest as of March 2026: CN¥9.40 Billion CNY ≈ $1.37 Billion USD

Based on the latest financial reports, Ecovacs Robotics Co Ltd (603486) has net assets worth CN¥9.40 Billion CNY (≈ $1.37 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥18.04 Billion ≈ $2.64 Billion USD) and total liabilities (CN¥8.65 Billion ≈ $1.27 Billion 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 603486 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.40 Billion
% of Total Assets	52.08%
Annual Growth Rate	26.63%
5-Year Change	77.09%
10-Year Change	918.2%
Growth Volatility	31.43

Ecovacs Robotics Co Ltd - Net Assets Trend (2013–2025)

This chart illustrates how Ecovacs Robotics Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603486 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ecovacs Robotics Co Ltd (2013–2025)

The table below shows the annual net assets of Ecovacs Robotics Co Ltd from 2013 to 2025. For live valuation and market cap data, see 603486 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥9.04 Billion ≈ $1.32 Billion	+25.66%
2024-12-31	CN¥7.20 Billion ≈ $1.05 Billion	+9.91%
2023-12-31	CN¥6.55 Billion ≈ $958.15 Million	+1.82%
2022-12-31	CN¥6.43 Billion ≈ $940.99 Million	+25.93%
2021-12-31	CN¥5.11 Billion ≈ $747.24 Million	+64.04%
2020-12-31	CN¥3.11 Billion ≈ $455.52 Million	+25.25%
2019-12-31	CN¥2.49 Billion ≈ $363.69 Million	-0.46%
2018-12-31	CN¥2.50 Billion ≈ $365.38 Million	+97.58%
2017-12-31	CN¥1.26 Billion ≈ $184.93 Million	+42.29%
2016-12-31	CN¥888.14 Million ≈ $129.96 Million	+48.04%
2015-12-31	CN¥599.93 Million ≈ $87.79 Million	-25.18%
2014-12-31	CN¥801.86 Million ≈ $117.34 Million	+50.70%
2013-12-31	CN¥532.09 Million ≈ $77.86 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 1767.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.37 Billion	70.45%
Other Components	CN¥2.67 Billion	29.55%
Total Equity	CN¥9.04 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
Grupo Elektra S.A.B. de C.V MX:ELEKTRA	$4.50 Billion
Akero Therapeutics Inc NASDAQ:AKRO	$4.50 Billion
XTC New Energy Materials Xiamen Co Ltd SHG:688778	$4.50 Billion
Travel + Leisure Co NYSE:TNL	$4.51 Billion
Indian Railway Catering And Tourism Corporation Limited NSE:IRCTC	$4.50 Billion
Wingstop Inc NASDAQ:WING	$4.50 Billion
AutoStore Holdings Ltd OL:AUTO	$4.49 Billion
Grifols S.A. MC:GRF	$4.49 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 2024 to 2025, total equity changed from 7,196,688,187 to 9,043,287,196, a change of 1,846,599,009 (25.7%).
Net income of 1,758,313,597 contributed positively to equity growth.
Dividend payments of 290,436,048 reduced retained earnings.
Other factors increased equity by 378,721,460.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.76 Billion	+19.44%
Dividends Paid	CN¥290.44 Million	-3.21%
Other Changes	CN¥378.72 Million	+4.19%
Total Change	CN¥-	25.66%

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: 3.40x
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 21.92x to 3.40x 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¥53.08	x
2014-12-31	CN¥3.80	CN¥53.08	x
2015-12-31	CN¥2.63	CN¥53.08	x
2016-12-31	CN¥2.59	CN¥53.08	x
2017-12-31	CN¥2.48	CN¥53.08	x
2018-12-31	CN¥4.62	CN¥53.08	x
2019-12-31	CN¥4.42	CN¥53.08	x
2020-12-31	CN¥5.54	CN¥53.08	x
2021-12-31	CN¥8.95	CN¥53.08	x
2022-12-31	CN¥11.21	CN¥53.08	x
2023-12-31	CN¥11.45	CN¥53.08	x
2024-12-31	CN¥12.59	CN¥53.08	x
2025-12-31	CN¥15.62	CN¥53.08	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): 19.44%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.24%
• Asset Turnover: 1.09x
• Equity Multiplier: 1.93x
Recent ROE (19.44%) is below the historical average (20.87%), 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
2025	19.44%	9.24%	1.09x	1.93x	CN¥853.98 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: $15,544,183,574
Average return on equity (ROE) among peers: 14.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ecovacs Robotics Co Ltd (603486)	CN¥9.40 Billion	33.14%	0.92x	$4.50 Billion
Midea Group Co Ltd (000333)	$33.17 Billion	9.83%	1.65x	$79.32 Billion
Changhong Meiling Co Ltd (000521)	$1.35 Billion	22.32%	2.55x	$714.80 Million
Gree Electric Appliances Inc of Zhuhai (000651)	$101.88 Billion	24.06%	2.48x	$30.10 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921)	$14.41 Billion	10.96%	1.90x	$3.65 Billion
Suncha Technology Co Ltd (001211)	$284.49 Million	14.41%	1.06x	$339.25 Million
Elec-Tech International Co Ltd (002005)	$2.67 Billion	9.88%	1.02x	$676.99 Million
Zhejiang Supor Co Ltd (002032)	$96.39 Million	25.29%	2.20x	$4.81 Billion
Vatti Corp Ltd (002035)	$56.22 Million	22.45%	3.75x	$589.18 Million
CNlight Co Ltd (002076)	$388.80 Million	2.76%	0.26x	$430.09 Million
Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084)	$1.15 Billion	4.02%	0.60x	$327.10 Million

About Ecovacs Robotics Co Ltd

SHG:603486 China Furnishings, Fixtures & Appliances

Market Cap

$4.50 Billion

CN¥30.73 Billion CNY

Market Cap Rank

#3880 Global

#605 in China

Share Price

CN¥53.08

Change (1 day)

-0.45%

52-Week Range

CN¥52.47 - CN¥107.50

All Time High

CN¥244.63