Xianhe Co Ltd (603733) - Net Assets
Based on the latest financial reports, Xianhe Co Ltd (603733) has net assets worth CN¥9.06 Billion CNY (≈ $1.33 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¥26.02 Billion ≈ $3.81 Billion USD) and total liabilities (CN¥16.96 Billion ≈ $2.48 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 Xianhe Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.06 Billion |
| % of Total Assets | 34.83% |
| Annual Growth Rate | 21.63% |
| 5-Year Change | 36.73% |
| 10-Year Change | 352.79% |
| Growth Volatility | 16.26 |
Xianhe Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Xianhe Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Xianhe Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Xianhe Co Ltd (2013–2025)
The table below shows the annual net assets of Xianhe Co Ltd from 2013 to 2025. For live valuation and market cap data, see 603733 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.81 Billion ≈ $1.29 Billion |
+8.32% |
| 2024-12-31 | CN¥8.14 Billion ≈ $1.19 Billion |
+10.54% |
| 2023-12-31 | CN¥7.36 Billion ≈ $1.08 Billion |
+6.51% |
| 2022-12-31 | CN¥6.91 Billion ≈ $1.01 Billion |
+7.21% |
| 2021-12-31 | CN¥6.45 Billion ≈ $943.39 Million |
+19.85% |
| 2020-12-31 | CN¥5.38 Billion ≈ $787.11 Million |
+39.90% |
| 2019-12-31 | CN¥3.84 Billion ≈ $562.61 Million |
+18.76% |
| 2018-12-31 | CN¥3.24 Billion ≈ $473.72 Million |
+38.05% |
| 2017-12-31 | CN¥2.35 Billion ≈ $343.16 Million |
+20.46% |
| 2016-12-31 | CN¥1.95 Billion ≈ $284.87 Million |
+40.28% |
| 2015-12-31 | CN¥1.39 Billion ≈ $203.07 Million |
+5.41% |
| 2014-12-31 | CN¥1.32 Billion ≈ $192.64 Million |
+56.56% |
| 2013-12-31 | CN¥840.86 Million ≈ $123.04 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xianhe 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 667.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.36 Billion | 49.84% |
| Other Components | CN¥4.39 Billion | 50.16% |
| Total Equity | CN¥8.74 Billion | 100.00% |
Xianhe Co Ltd Competitors by Market Cap
The table below lists competitors of Xianhe Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kennametal Inc
NYSE:KMT
|
$2.77 Billion |
|
Holitech Technology Co Ltd
SHE:002217
|
$2.77 Billion |
|
Jiangxi Special Electric Motor Co Ltd
SHE:002176
|
$2.77 Billion |
|
Centrais Elétricas Brasileiras S.A. - Eletrobrás
NYSE:EBR-B
|
$2.77 Billion |
|
Dongguan Aohai Technology Co
SHE:002993
|
$2.77 Billion |
|
ATS CORP.
F:ATO0
|
$2.77 Billion |
|
Eurazeo
PA:RF
|
$2.76 Billion |
|
China World Trade Center Co Ltd
SHG:600007
|
$2.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xianhe Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,092,467,129 to 8,743,478,067, a change of 651,010,938 (8.0%).
- Net income of 1,012,618,607 contributed positively to equity growth.
- Dividend payments of 677,864,361 reduced retained earnings.
- Other comprehensive income decreased equity by 618,680,016.
- Other factors increased equity by 934,936,707.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.01 Billion | +11.58% |
| Dividends Paid | CN¥677.86 Million | -7.75% |
| Other Comprehensive Income | CN¥-618.68 Million | -7.08% |
| Other Changes | CN¥934.94 Million | +10.69% |
| Total Change | CN¥- | 8.04% |
Book Value vs Market Value Analysis
This analysis compares Xianhe 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: 2.16x
- 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 14.99x to 2.16x 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¥1.78 | CN¥26.71 | x |
| 2014-12-31 | CN¥2.89 | CN¥26.71 | x |
| 2015-12-31 | CN¥3.11 | CN¥26.71 | x |
| 2016-12-31 | CN¥4.13 | CN¥26.71 | x |
| 2017-12-31 | CN¥4.29 | CN¥26.71 | x |
| 2018-12-31 | CN¥5.42 | CN¥26.71 | x |
| 2019-12-31 | CN¥6.26 | CN¥26.71 | x |
| 2020-12-31 | CN¥7.91 | CN¥26.71 | x |
| 2021-12-31 | CN¥9.09 | CN¥26.71 | x |
| 2022-12-31 | CN¥9.49 | CN¥26.71 | x |
| 2023-12-31 | CN¥7.95 | CN¥26.71 | x |
| 2024-12-31 | CN¥9.11 | CN¥26.71 | x |
| 2025-12-31 | CN¥12.35 | CN¥26.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xianhe 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): 11.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.20%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.85x
- Recent ROE (11.58%) is below the historical average (12.67%), 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 | 19.37% | 9.52% | 0.65x | 3.14x | CN¥74.26 Million |
| 2014 | 14.30% | 10.53% | 0.60x | 2.27x | CN¥55.28 Million |
| 2015 | 9.96% | 7.23% | 0.57x | 2.40x | CN¥-548.80K |
| 2016 | 10.90% | 9.67% | 0.60x | 1.88x | CN¥17.57 Million |
| 2017 | 17.00% | 13.09% | 0.63x | 2.07x | CN¥164.21 Million |
| 2018 | 9.04% | 7.14% | 0.74x | 1.71x | CN¥-31.05 Million |
| 2019 | 11.48% | 9.63% | 0.62x | 1.93x | CN¥56.88 Million |
| 2020 | 13.40% | 14.81% | 0.61x | 1.49x | CN¥181.80 Million |
| 2021 | 15.84% | 16.90% | 0.54x | 1.72x | CN¥374.74 Million |
| 2022 | 10.32% | 9.18% | 0.58x | 1.93x | CN¥22.33 Million |
| 2023 | 9.06% | 7.76% | 0.45x | 2.58x | CN¥-68.83 Million |
| 2024 | 12.40% | 9.77% | 0.44x | 2.88x | CN¥194.58 Million |
| 2025 | 11.58% | 8.20% | 0.50x | 2.85x | CN¥138.27 Million |
Industry Comparison
This section compares Xianhe Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $3,297,751,591
- Average return on equity (ROE) among peers: 6.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xianhe Co Ltd (603733) | CN¥9.06 Billion | 19.37% | 1.87x | $2.77 Billion |
| Shandong Chenming Paper Holdings Ltd (000488) | $14.64 Billion | 4.85% | 2.25x | $519.49 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $661.91 Million | -28.67% | 4.90x | $1.74 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.30 Billion | 2.36% | 0.37x | $489.95 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $5.62 Billion | 7.86% | 0.41x | $871.90 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $8.34 Billion | 12.67% | 1.42x | $5.12 Billion |
| Xiamen Anne Corp Ltd (002235) | $506.22 Million | 0.50% | 0.72x | $703.07 Million |
| Qifeng New Material Co Ltd (002521) | $140.79 Million | 25.30% | 5.24x | $563.03 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $173.01 Million | 15.23% | 0.35x | $51.40 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $584.02 Million | 10.36% | 0.38x | $374.31 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $1.02 Billion | 10.06% | 0.30x | $1.14 Billion |
About Xianhe Co Ltd
Xianhe Co.,Ltd. develops and produces specialty pulps and paper products in China and internationally. It offers papers for tobacco industry, home decoration, business communication and anti- counterfeiting, food and medical packing, heat transfer base, label release, low quantitative publishing and printing, and electrical and industrial. The company was founded in 1997 and is based in Quzhou, C… Read more