KTK Group Co Ltd (603680) - Net Assets
Based on the latest financial reports, KTK Group Co Ltd (603680) has net assets worth CN¥5.89 Billion CNY (≈ $861.50 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¥8.51 Billion ≈ $1.25 Billion USD) and total liabilities (CN¥2.62 Billion ≈ $384.00 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 603680 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.89 Billion |
| % of Total Assets | 69.17% |
| Annual Growth Rate | 12.52% |
| 5-Year Change | 19.72% |
| 10-Year Change | 265.19% |
| Growth Volatility | 26.71 |
KTK Group Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how KTK Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See KTK Group Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for KTK Group Co Ltd (2012–2025)
The table below shows the annual net assets of KTK Group Co Ltd from 2012 to 2025. For live valuation and market cap data, see KTK Group Co Ltd (603680) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.70 Billion ≈ $834.02 Million |
+6.94% |
| 2024-12-31 | CN¥5.33 Billion ≈ $779.92 Million |
+6.65% |
| 2023-12-31 | CN¥5.00 Billion ≈ $731.32 Million |
+5.29% |
| 2022-12-31 | CN¥4.75 Billion ≈ $694.58 Million |
-0.29% |
| 2021-12-31 | CN¥4.76 Billion ≈ $696.62 Million |
+5.42% |
| 2020-12-31 | CN¥4.52 Billion ≈ $660.79 Million |
+8.00% |
| 2019-12-31 | CN¥4.18 Billion ≈ $611.84 Million |
+9.59% |
| 2018-12-31 | CN¥3.82 Billion ≈ $558.29 Million |
+75.61% |
| 2017-12-31 | CN¥2.17 Billion ≈ $317.92 Million |
+39.21% |
| 2016-12-31 | CN¥1.56 Billion ≈ $228.38 Million |
-14.12% |
| 2015-12-31 | CN¥1.82 Billion ≈ $265.93 Million |
+59.59% |
| 2014-12-31 | CN¥1.14 Billion ≈ $166.63 Million |
-23.76% |
| 2013-12-31 | CN¥1.49 Billion ≈ $218.57 Million |
+21.50% |
| 2012-12-31 | CN¥1.23 Billion ≈ $179.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to KTK Group 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 664.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.72 Billion | 47.76% |
| Other Components | CN¥2.97 Billion | 52.24% |
| Total Equity | CN¥5.69 Billion | 100.00% |
KTK Group Co Ltd Competitors by Market Cap
The table below lists competitors of KTK Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asian Star Anchor Chain Co Ltd Jiangsu
SHG:601890
|
$1.22 Billion |
|
Clear Channel Outdoor Holdings Inc
NYSE:CCO
|
$1.22 Billion |
|
Wanbangde Pharmaceutical Holding Group Co Ltd
SHE:002082
|
$1.22 Billion |
|
Array Technologies Inc
NASDAQ:ARRY
|
$1.22 Billion |
|
GuangZhou BaiYun Elec Equip Co
SHG:603861
|
$1.22 Billion |
|
U-Haul Holding Company
NYSE:UHAL
|
$1.22 Billion |
|
Borusan Yatirim ve Pazarlama AS
IS:BRYAT
|
$1.22 Billion |
|
Jiangsu Shagang Co Ltd
SHE:002075
|
$1.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KTK Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,310,658,494 to 5,686,837,526, a change of 376,179,032 (7.1%).
- Net income of 581,945,364 contributed positively to equity growth.
- Dividend payments of 254,063,032 reduced retained earnings.
- Other comprehensive income decreased equity by 523,410,992.
- Other factors increased equity by 571,707,692.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥581.95 Million | +10.23% |
| Dividends Paid | CN¥254.06 Million | -4.47% |
| Other Comprehensive Income | CN¥-523.41 Million | -9.2% |
| Other Changes | CN¥571.71 Million | +10.05% |
| Total Change | CN¥- | 7.08% |
Book Value vs Market Value Analysis
This analysis compares KTK Group 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: 1.47x
- 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 5.80x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.84 | CN¥10.65 | x |
| 2013-12-31 | CN¥2.23 | CN¥10.65 | x |
| 2014-12-31 | CN¥1.68 | CN¥10.65 | x |
| 2015-12-31 | CN¥2.57 | CN¥10.65 | x |
| 2016-12-31 | CN¥2.18 | CN¥10.65 | x |
| 2017-12-31 | CN¥3.05 | CN¥10.65 | x |
| 2018-12-31 | CN¥5.02 | CN¥10.65 | x |
| 2019-12-31 | CN¥5.23 | CN¥10.65 | x |
| 2020-12-31 | CN¥5.71 | CN¥10.65 | x |
| 2021-12-31 | CN¥6.08 | CN¥10.65 | x |
| 2022-12-31 | CN¥6.16 | CN¥10.65 | x |
| 2023-12-31 | CN¥6.42 | CN¥10.65 | x |
| 2024-12-31 | CN¥6.86 | CN¥10.65 | x |
| 2025-12-31 | CN¥7.26 | CN¥10.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KTK Group 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): 10.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.41%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.51x
- Recent ROE (10.23%) is below the historical average (18.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 25.65% | 19.93% | 0.68x | 1.90x | CN¥187.91 Million |
| 2013 | 17.68% | 18.71% | 0.54x | 1.75x | CN¥112.07 Million |
| 2014 | 47.25% | 25.65% | 0.64x | 2.90x | CN¥408.44 Million |
| 2015 | 38.02% | 27.19% | 0.72x | 1.95x | CN¥495.69 Million |
| 2016 | 42.81% | 25.03% | 0.52x | 3.28x | CN¥493.38 Million |
| 2017 | 28.51% | 20.46% | 0.49x | 2.85x | CN¥389.48 Million |
| 2018 | 11.76% | 13.69% | 0.43x | 2.02x | CN¥66.06 Million |
| 2019 | 9.56% | 10.54% | 0.41x | 2.23x | CN¥-18.31 Million |
| 2020 | 9.42% | 10.98% | 0.43x | 2.01x | CN¥-26.02 Million |
| 2021 | 7.24% | 9.08% | 0.43x | 1.84x | CN¥-131.25 Million |
| 2022 | 4.11% | 5.61% | 0.40x | 1.81x | CN¥-284.36 Million |
| 2023 | 5.45% | 7.50% | 0.41x | 1.75x | CN¥-231.19 Million |
| 2024 | 5.69% | 6.71% | 0.48x | 1.78x | CN¥-229.00 Million |
| 2025 | 10.23% | 13.41% | 0.51x | 1.51x | CN¥13.26 Million |
Industry Comparison
This section compares KTK Group Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $1,933,494,610
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KTK Group Co Ltd (603680) | CN¥5.89 Billion | 25.65% | 0.45x | $1.22 Billion |
| China High-Speed Railway Technology (000008) | $2.28 Billion | -36.68% | 2.83x | $973.85 Million |
| Nanjing Zhongbei Group Co Ltd (000421) | $1.18 Billion | 7.96% | 1.20x | $442.13 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $4.97 Billion | 0.90% | 0.06x | $796.00 Million |
| Vontron Technology Co Ltd (000920) | $1.04 Billion | 3.23% | 0.50x | $1.04 Billion |
| China Railway Materials Co Ltd (000927) | $1.66 Billion | 30.22% | 2.33x | $2.16 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.41 Billion | -10.74% | 0.59x | $535.87 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $1.20 Billion | 8.57% | 1.25x | $463.32 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.35 Billion | 5.04% | 0.92x | $585.27 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.63 Billion | 3.00% | 0.54x | $1.25 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $2.61 Billion | 11.57% | 0.56x | $858.70 Million |
About KTK Group Co Ltd
KTK Group Co., Ltd. research, develops, produces, sells, and service interior systems, electrical controlling systems, and vehicle equipment for high-speed trains, metro, LRV, and ordinary rail passenger cars in China and internationally. The company's products include lighting, cabinets, and drivers' desks, as well as diesel locomotives and special engineering vehicles, embedded channels, and PS… Read more