Keeson Technology Corp Ltd (603610) - Net Assets
Based on the latest financial reports, Keeson Technology Corp Ltd (603610) has net assets worth CN¥3.16 Billion CNY (≈ $463.09 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¥4.62 Billion ≈ $675.88 Million USD) and total liabilities (CN¥1.45 Billion ≈ $212.79 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 Keeson Technology Corp Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.16 Billion |
| % of Total Assets | 68.52% |
| Annual Growth Rate | 40.91% |
| 5-Year Change | 3.78% |
| 10-Year Change | N/A |
| Growth Volatility | 71.81 |
Keeson Technology Corp Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Keeson Technology Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603610 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Keeson Technology Corp Ltd (2015–2024)
The table below shows the annual net assets of Keeson Technology Corp Ltd from 2015 to 2024. For live valuation and market cap data, see 603610 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.07 Billion ≈ $449.54 Million |
-6.25% |
| 2023-12-31 | CN¥3.28 Billion ≈ $479.51 Million |
+6.80% |
| 2022-12-31 | CN¥3.07 Billion ≈ $448.99 Million |
-4.45% |
| 2021-12-31 | CN¥3.21 Billion ≈ $469.90 Million |
+8.48% |
| 2020-12-31 | CN¥2.96 Billion ≈ $433.18 Million |
+3.95% |
| 2019-12-31 | CN¥2.85 Billion ≈ $416.70 Million |
+209.27% |
| 2018-12-31 | CN¥920.76 Million ≈ $134.74 Million |
+47.11% |
| 2017-12-31 | CN¥625.92 Million ≈ $91.59 Million |
+139.88% |
| 2016-12-31 | CN¥260.94 Million ≈ $38.18 Million |
+86.17% |
| 2015-12-31 | CN¥140.16 Million ≈ $20.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Keeson Technology Corp 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 1397.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥801.91 Million | 26.13% |
| Common Stock | CN¥358.49 Million | 11.68% |
| Other Comprehensive Income | CN¥163.48 Million | 5.33% |
| Other Components | CN¥1.75 Billion | 56.87% |
| Total Equity | CN¥3.07 Billion | 100.00% |
Keeson Technology Corp Ltd Competitors by Market Cap
The table below lists competitors of Keeson Technology Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Treasure ASA
OL:TRE
|
$850.94 Million |
|
Jiangsu Rainbow Heavy Industries Co Ltd
SHE:002483
|
$850.95 Million |
|
Jiangsu Yawei Machine Tool Co Ltd
SHE:002559
|
$851.14 Million |
|
Artis Real Estate Investment Trust
TO:AX-UN
|
$851.22 Million |
|
Shenzhen SDG Service Co. Ltd.
SHE:300917
|
$850.71 Million |
|
Anhui Huilong Agricultural Means of Production Co Ltd
SHE:002556
|
$850.42 Million |
|
Inspur Software Co Ltd
SHG:600756
|
$850.31 Million |
|
Shanghai Kelai Mechatronics
SHG:603960
|
$849.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Keeson Technology Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,272,989,453 to 3,069,390,435, a change of -203,599,018 (-6.2%).
- Net income of 156,040,213 contributed positively to equity growth.
- Dividend payments of 370,027,503 reduced retained earnings.
- Other comprehensive income increased equity by 168,255,477.
- Other factors decreased equity by 157,867,205.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥156.04 Million | +5.08% |
| Dividends Paid | CN¥370.03 Million | -12.06% |
| Other Comprehensive Income | CN¥168.26 Million | +5.48% |
| Other Changes | CN¥-157.87 Million | -5.14% |
| Total Change | CN¥- | -6.22% |
Book Value vs Market Value Analysis
This analysis compares Keeson Technology Corp 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: 1.89x
- 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 15.49x to 1.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.06 | CN¥16.47 | x |
| 2016-12-31 | CN¥1.68 | CN¥16.47 | x |
| 2017-12-31 | CN¥2.72 | CN¥16.47 | x |
| 2018-12-31 | CN¥3.42 | CN¥16.47 | x |
| 2019-12-31 | CN¥7.94 | CN¥16.47 | x |
| 2020-12-31 | CN¥8.26 | CN¥16.47 | x |
| 2021-12-31 | CN¥8.97 | CN¥16.47 | x |
| 2022-12-31 | CN¥8.37 | CN¥16.47 | x |
| 2023-12-31 | CN¥9.23 | CN¥16.47 | x |
| 2024-12-31 | CN¥8.70 | CN¥16.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Keeson Technology Corp 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): 5.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.28%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.54x
- Recent ROE (5.08%) is below the historical average (15.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 43.98% | 8.09% | 1.08x | 5.03x | CN¥43.54 Million |
| 2016 | 10.24% | 2.10% | 1.58x | 3.09x | CN¥614.12K |
| 2017 | 18.06% | 8.10% | 1.26x | 1.77x | CN¥50.22 Million |
| 2018 | 31.90% | 12.24% | 1.54x | 1.70x | CN¥200.94 Million |
| 2019 | 13.88% | 15.61% | 0.73x | 1.22x | CN¥110.36 Million |
| 2020 | 9.24% | 12.10% | 0.63x | 1.22x | CN¥-22.52 Million |
| 2021 | 11.15% | 12.04% | 0.66x | 1.41x | CN¥36.76 Million |
| 2022 | 0.93% | 1.06% | 0.57x | 1.53x | CN¥-278.00 Million |
| 2023 | 6.28% | 6.63% | 0.63x | 1.51x | CN¥-121.63 Million |
| 2024 | 5.08% | 5.28% | 0.62x | 1.54x | CN¥-150.90 Million |
Industry Comparison
This section compares Keeson Technology Corp 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: $17,549,251,672
- Average return on equity (ROE) among peers: 11.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Keeson Technology Corp Ltd (603610) | CN¥3.16 Billion | 43.98% | 0.46x | $850.74 Million |
| Midea Group Co Ltd (000333) | $134.83 Billion | 21.19% | 1.88x | $81.80 Billion |
| Changhong Meiling Co Ltd (000521) | $6.19 Billion | 11.96% | 2.13x | $734.15 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $7.73 Billion | 25.45% | 2.99x | $32.75 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $12.48 Billion | 14.37% | 1.72x | $3.28 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $452.94 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $738.53 Million |
| Zhejiang Supor Co Ltd (002032) | $5.01 Billion | 17.75% | 0.48x | $5.54 Billion |
| Vatti Corp Ltd (002035) | $1.27 Billion | 17.60% | 0.86x | $736.79 Million |
| CNlight Co Ltd (002076) | $259.28 Million | -5.05% | 1.04x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $363.03 Million |
About Keeson Technology Corp Ltd
Keeson Technology Corporation Limited researches and develops, produces, and sells smart electric beds and memory foam home products in China. It offers intelligent electric beds, bed frames and beddings, mattresses, accessories, and other products. Keeson Technology Corporation Limited was founded in 2005 and is headquartered in Jiaxing, China.