UE Furniture Co Ltd (603600) - Net Assets
Based on the latest financial reports, UE Furniture Co Ltd (603600) has net assets worth CN¥2.30 Billion CNY (≈ $337.15 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¥4.59 Billion ≈ $670.94 Million USD) and total liabilities (CN¥2.28 Billion ≈ $333.79 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. Check 603600 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.30 Billion |
| % of Total Assets | 50.25% |
| Annual Growth Rate | 24.05% |
| 5-Year Change | 60.75% |
| 10-Year Change | 307.43% |
| Growth Volatility | 31.19 |
UE Furniture Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how UE Furniture Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is UE Furniture Co Ltd worth.
Annual Net Assets for UE Furniture Co Ltd (2011–2024)
The table below shows the annual net assets of UE Furniture Co Ltd from 2011 to 2024. Also explore how fast is UE Furniture Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.25 Billion ≈ $329.33 Million |
+3.71% |
| 2023-12-31 | CN¥2.17 Billion ≈ $317.55 Million |
+22.35% |
| 2022-12-31 | CN¥1.77 Billion ≈ $259.55 Million |
+21.70% |
| 2021-12-31 | CN¥1.46 Billion ≈ $213.26 Million |
+4.10% |
| 2020-12-31 | CN¥1.40 Billion ≈ $204.87 Million |
+12.16% |
| 2019-12-31 | CN¥1.25 Billion ≈ $182.66 Million |
+5.61% |
| 2018-12-31 | CN¥1.18 Billion ≈ $172.96 Million |
+75.51% |
| 2017-12-31 | CN¥673.48 Million ≈ $98.55 Million |
+7.14% |
| 2016-12-31 | CN¥628.62 Million ≈ $91.99 Million |
+13.80% |
| 2015-12-31 | CN¥552.39 Million ≈ $80.83 Million |
+113.01% |
| 2014-12-31 | CN¥259.33 Million ≈ $37.95 Million |
+11.07% |
| 2013-12-31 | CN¥233.48 Million ≈ $34.17 Million |
+20.17% |
| 2012-12-31 | CN¥194.28 Million ≈ $28.43 Million |
+42.21% |
| 2011-12-31 | CN¥136.62 Million ≈ $19.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to UE Furniture 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 1831.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.08 Billion | 48.66% |
| Common Stock | CN¥331.21 Million | 14.86% |
| Other Comprehensive Income | CN¥128.40 Million | 5.76% |
| Other Components | CN¥684.33 Million | 30.71% |
| Total Equity | CN¥2.23 Billion | 100.00% |
UE Furniture Co Ltd Competitors by Market Cap
The table below lists competitors of UE Furniture Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STL Technology Co Ltd
TWO:4931
|
$496.80 Million |
|
MH Robot & Automation Co. Ltd.
SHE:301199
|
$496.89 Million |
|
Shanghai Morn Electric Equipment Co Ltd
SHE:002451
|
$496.99 Million |
|
Hefei Kewell Power System Co Ltd
SHG:688551
|
$497.01 Million |
|
Dutch Lady Milk Industries Bhd
KLSE:3026
|
$496.51 Million |
|
Keystone Realtors Limited
NSE:RUSTOMJEE
|
$496.32 Million |
|
Wuxi Double Elephant Micro Fibre Material Co Ltd
SHE:002395
|
$496.09 Million |
|
Beijing Jingpin Tezhuang Technology Co. Ltd. A
SHG:688084
|
$495.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UE Furniture Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,153,548,320 to 2,228,166,760, a change of 74,618,440 (3.5%).
- Net income of 296,204,118 contributed positively to equity growth.
- Dividend payments of 200,041,830 reduced retained earnings.
- Other comprehensive income decreased equity by 21,483,685.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥296.20 Million | +13.29% |
| Dividends Paid | CN¥200.04 Million | -8.98% |
| Other Comprehensive Income | CN¥-21.48 Million | -0.96% |
| Other Changes | CN¥-60.16K | -0.0% |
| Total Change | CN¥- | 3.46% |
Book Value vs Market Value Analysis
This analysis compares UE Furniture 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: 1.53x
- 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 11.77x to 1.53x 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¥0.87 | CN¥10.27 | x |
| 2012-12-31 | CN¥1.04 | CN¥10.27 | x |
| 2013-12-31 | CN¥1.25 | CN¥10.27 | x |
| 2014-12-31 | CN¥1.37 | CN¥10.27 | x |
| 2015-12-31 | CN¥2.25 | CN¥10.27 | x |
| 2016-12-31 | CN¥2.49 | CN¥10.27 | x |
| 2017-12-31 | CN¥2.66 | CN¥10.27 | x |
| 2018-12-31 | CN¥4.07 | CN¥10.27 | x |
| 2019-12-31 | CN¥4.10 | CN¥10.27 | x |
| 2020-12-31 | CN¥4.60 | CN¥10.27 | x |
| 2021-12-31 | CN¥4.79 | CN¥10.27 | x |
| 2022-12-31 | CN¥5.85 | CN¥10.27 | x |
| 2023-12-31 | CN¥6.87 | CN¥10.27 | x |
| 2024-12-31 | CN¥6.69 | CN¥10.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UE Furniture 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): 13.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.93x
- Recent ROE (13.29%) is below the historical average (19.08%), 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 | 41.27% | 8.27% | 1.93x | 2.58x | CN¥42.73 Million |
| 2012 | 29.68% | 7.97% | 1.85x | 2.01x | CN¥38.23 Million |
| 2013 | 25.35% | 6.60% | 2.11x | 1.82x | CN¥35.85 Million |
| 2014 | 20.96% | 5.66% | 1.92x | 1.93x | CN¥28.41 Million |
| 2015 | 16.51% | 8.03% | 1.42x | 1.45x | CN¥35.96 Million |
| 2016 | 19.31% | 8.58% | 1.49x | 1.51x | CN¥57.96 Million |
| 2017 | 15.03% | 5.44% | 1.66x | 1.66x | CN¥33.51 Million |
| 2018 | 8.86% | 4.31% | 1.37x | 1.50x | CN¥-13.43 Million |
| 2019 | 14.67% | 7.40% | 1.29x | 1.54x | CN¥57.76 Million |
| 2020 | 16.72% | 6.77% | 1.08x | 2.30x | CN¥93.47 Million |
| 2021 | 12.54% | 3.89% | 1.45x | 2.23x | CN¥36.68 Million |
| 2022 | 19.05% | 8.27% | 1.36x | 1.70x | CN¥159.22 Million |
| 2023 | 13.83% | 8.42% | 1.05x | 1.57x | CN¥82.52 Million |
| 2024 | 13.29% | 6.24% | 1.10x | 1.93x | CN¥73.39 Million |
Industry Comparison
This section compares UE Furniture 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: $15,343,637,565
- Average return on equity (ROE) among peers: 8.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UE Furniture Co Ltd (603600) | CN¥2.30 Billion | 41.27% | 0.99x | $496.58 Million |
| Midea Group Co Ltd (000333) | $4.91 Billion | 3.72% | 2.29x | $83.93 Billion |
| Changhong Meiling Co Ltd (000521) | $1.11 Billion | 13.05% | 0.98x | $570.29 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $112.05 Billion | 22.04% | 1.53x | $31.29 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $14.41 Billion | 10.96% | 1.90x | $3.62 Billion |
| Suncha Technology Co Ltd (001211) | $868.55 Million | 0.28% | 1.25x | $374.46 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $687.25 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $4.61 Billion |
| Vatti Corp Ltd (002035) | $3.87 Billion | 7.77% | 0.84x | $571.82 Million |
| CNlight Co Ltd (002076) | $1.02 Billion | 3.96% | 0.64x | $350.57 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.68 Billion | 5.48% | 0.46x | $605.05 Million |
About UE Furniture Co Ltd
UE Furniture Co., Ltd. engages in the research, development, production, and sale of healthy seats in China and Internationally. The company offers office chairs, sofas, massage chair bodies, leisure chairs, gaming chairs, lift tables, accessories, height-adjustable tables, and other healthy furniture products. It sells its products through online. UE Furniture Co., Ltd. was founded in 2001 and i… Read more