Kunshan Kersen Science & Tech (603626) - Net Assets
Based on the latest financial reports, Kunshan Kersen Science & Tech (603626) has net assets worth CN¥2.28 Billion CNY (≈ $333.24 Million 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¥4.83 Billion ≈ $706.94 Million USD) and total liabilities (CN¥2.55 Billion ≈ $373.70 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 how tangible is Kunshan Kersen Science & Tech's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.28 Billion |
| % of Total Assets | 47.14% |
| Annual Growth Rate | 30.44% |
| 5-Year Change | -36.68% |
| 10-Year Change | 212.68% |
| Growth Volatility | 59.68 |
Kunshan Kersen Science & Tech - Net Assets Trend (2011–2025)
This chart illustrates how Kunshan Kersen Science & Tech's net assets have evolved over time, based on quarterly financial data. See Kunshan Kersen Science & Tech defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Kunshan Kersen Science & Tech (2011–2025)
The table below shows the annual net assets of Kunshan Kersen Science & Tech from 2011 to 2025. For live valuation and market cap data, see market value of Kunshan Kersen Science & Tech.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.90 Billion ≈ $277.41 Million |
-15.91% |
| 2024-12-31 | CN¥2.25 Billion ≈ $329.90 Million |
-20.19% |
| 2023-12-31 | CN¥2.82 Billion ≈ $413.37 Million |
-9.00% |
| 2022-12-31 | CN¥3.10 Billion ≈ $454.27 Million |
+3.69% |
| 2021-12-31 | CN¥2.99 Billion ≈ $438.12 Million |
+40.79% |
| 2020-12-31 | CN¥2.13 Billion ≈ $311.19 Million |
+25.03% |
| 2019-12-31 | CN¥1.70 Billion ≈ $248.89 Million |
-12.83% |
| 2018-12-31 | CN¥1.95 Billion ≈ $285.52 Million |
+10.99% |
| 2017-12-31 | CN¥1.76 Billion ≈ $257.25 Million |
+189.96% |
| 2016-12-31 | CN¥606.29 Million ≈ $88.72 Million |
+45.26% |
| 2015-12-31 | CN¥417.40 Million ≈ $61.08 Million |
+90.45% |
| 2014-12-31 | CN¥219.16 Million ≈ $32.07 Million |
+66.74% |
| 2013-12-31 | CN¥131.44 Million ≈ $19.23 Million |
+20.80% |
| 2012-12-31 | CN¥108.80 Million ≈ $15.92 Million |
+136.95% |
| 2011-12-31 | CN¥45.92 Million ≈ $6.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kunshan Kersen Science & Tech'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 decreased by 2308.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.38 Billion | 125.40% |
| Total Equity | CN¥1.90 Billion | 100.00% |
Kunshan Kersen Science & Tech Competitors by Market Cap
The table below lists competitors of Kunshan Kersen Science & Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Reinsurance Group of America Inc
NYSE:RZB
|
$1.59 Billion |
|
Golden Ocean Group Ltd
NASDAQ:GOGL
|
$1.59 Billion |
|
Modern Times Group Mtg AB
ST:MTG-B
|
$1.59 Billion |
|
Enviri Corporation
NYSE:NVRI
|
$1.59 Billion |
|
Dicker Data Ltd
AU:DDR
|
$1.59 Billion |
|
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SHG:600116
|
$1.59 Billion |
|
Liberty Global PLC Class C
NASDAQ:LBTYK
|
$1.59 Billion |
|
Shenzhen Agricultural Products Co Ltd
SHE:000061
|
$1.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kunshan Kersen Science & Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,254,456,353 to 1,895,768,072, a change of -358,688,281 (-15.9%).
- Net loss of 351,070,909 reduced equity.
- Dividend payments of 41,559,447 reduced retained earnings.
- Other comprehensive income decreased equity by 161,683,851.
- Other factors increased equity by 195,625,926.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-351.07 Million | -18.52% |
| Dividends Paid | CN¥41.56 Million | -2.19% |
| Other Comprehensive Income | CN¥-161.68 Million | -8.53% |
| Other Changes | CN¥195.63 Million | +10.32% |
| Total Change | CN¥- | -15.91% |
Book Value vs Market Value Analysis
This analysis compares Kunshan Kersen Science & Tech'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: 5.73x
- 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 132.10x to 5.73x 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¥0.15 | CN¥19.59 | x |
| 2012-12-31 | CN¥0.85 | CN¥19.59 | x |
| 2013-12-31 | CN¥1.03 | CN¥19.59 | x |
| 2014-12-31 | CN¥0.71 | CN¥19.59 | x |
| 2015-12-31 | CN¥1.34 | CN¥19.59 | x |
| 2016-12-31 | CN¥1.97 | CN¥19.59 | x |
| 2017-12-31 | CN¥4.40 | CN¥19.59 | x |
| 2018-12-31 | CN¥4.49 | CN¥19.59 | x |
| 2019-12-31 | CN¥4.04 | CN¥19.59 | x |
| 2020-12-31 | CN¥4.51 | CN¥19.59 | x |
| 2021-12-31 | CN¥5.76 | CN¥19.59 | x |
| 2022-12-31 | CN¥5.72 | CN¥19.59 | x |
| 2023-12-31 | CN¥5.12 | CN¥19.59 | x |
| 2024-12-31 | CN¥4.07 | CN¥19.59 | x |
| 2025-12-31 | CN¥3.42 | CN¥19.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kunshan Kersen Science & Tech 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): -18.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.21%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.80x
- Recent ROE (-18.52%) is below the historical average (8.00%), 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 | 7.02% | 4.43% | 0.56x | 2.82x | CN¥-1.37 Million |
| 2012 | 10.00% | 7.95% | 0.49x | 2.58x | CN¥3.80K |
| 2013 | 32.44% | 16.25% | 0.83x | 2.40x | CN¥29.49 Million |
| 2014 | 20.52% | 11.11% | 0.70x | 2.65x | CN¥23.06 Million |
| 2015 | 47.49% | 18.18% | 0.82x | 3.20x | CN¥156.50 Million |
| 2016 | 31.16% | 14.50% | 0.87x | 2.46x | CN¥128.27 Million |
| 2017 | 12.65% | 10.27% | 0.63x | 1.96x | CN¥46.61 Million |
| 2018 | 6.69% | 5.18% | 0.49x | 2.66x | CN¥-61.78 Million |
| 2019 | -11.15% | -8.69% | 0.46x | 2.77x | CN¥-350.79 Million |
| 2020 | -2.28% | -1.37% | 0.58x | 2.88x | CN¥-256.75 Million |
| 2021 | 12.33% | 8.90% | 0.69x | 2.01x | CN¥69.63 Million |
| 2022 | 2.80% | 2.53% | 0.60x | 1.84x | CN¥-223.66 Million |
| 2023 | -9.96% | -10.84% | 0.49x | 1.87x | CN¥-563.90 Million |
| 2024 | -21.15% | -14.10% | 0.61x | 2.46x | CN¥-702.28 Million |
| 2025 | -18.52% | -11.21% | 0.59x | 2.80x | CN¥-540.65 Million |
Industry Comparison
This section compares Kunshan Kersen Science & Tech's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,231,596,493
- Average return on equity (ROE) among peers: 9.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kunshan Kersen Science & Tech (603626) | CN¥2.28 Billion | 7.02% | 1.12x | $1.59 Billion |
| China International Marine Containers Group Ltd (000039) | $516.18 Million | 18.11% | 1.41x | $2.97 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $164.97 Million | 5.49% | 0.43x | $276.69 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.14 Billion | 5.17% | 0.54x | $331.16 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $3.78 Billion | 4.99% | 0.59x | $867.33 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $190.13 Million | 29.62% | 0.64x | $1.44 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.29 Billion | 10.75% | 0.38x | $2.08 Billion |
| Dajin Heavy Industry Corp (002487) | $1.64 Billion | 5.64% | 0.47x | $5.28 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $643.84 Million | 1.92% | 1.18x | $249.71 Million |
| Guangzheng Group Co Ltd (002524) | $855.75 Million | 0.63% | 0.96x | $261.67 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $2.09 Billion | 7.72% | 1.50x | $1.67 Billion |
About Kunshan Kersen Science & Tech
Kunshan Kersen Science & Technology Co.,Ltd. researches, develops, manufactures, sells, and services precision structural parts. The company also engages in precision die casting, forging, stamping, CNC, laser cutting, laser welding, MIM, precision injection molding. In addition, the company offers consumer electronics products including shells, middle frames, middle plates, buttons, logos, and s… Read more