Zbom Cabinets Co Ltd (603801) - Net Assets
Based on the latest financial reports, Zbom Cabinets Co Ltd (603801) has net assets worth CN¥3.41 Billion CNY (≈ $498.55 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¥6.39 Billion ≈ $935.70 Million USD) and total liabilities (CN¥2.99 Billion ≈ $437.15 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 603801 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.41 Billion |
| % of Total Assets | 53.28% |
| Annual Growth Rate | 32.58% |
| 5-Year Change | 52.57% |
| 10-Year Change | 551.05% |
| Growth Volatility | 59.96 |
Zbom Cabinets Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zbom Cabinets Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603801 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Zbom Cabinets Co Ltd (2013–2024)
The table below shows the annual net assets of Zbom Cabinets Co Ltd from 2013 to 2024. For live valuation and market cap data, see 603801 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.40 Billion ≈ $497.43 Million |
+3.38% |
| 2023-12-31 | CN¥3.29 Billion ≈ $481.17 Million |
+14.23% |
| 2022-12-31 | CN¥2.88 Billion ≈ $421.23 Million |
+11.10% |
| 2021-12-31 | CN¥2.59 Billion ≈ $379.14 Million |
+16.29% |
| 2020-12-31 | CN¥2.23 Billion ≈ $326.03 Million |
+15.49% |
| 2019-12-31 | CN¥1.93 Billion ≈ $282.30 Million |
+3.04% |
| 2018-12-31 | CN¥1.87 Billion ≈ $273.98 Million |
+10.17% |
| 2017-12-31 | CN¥1.70 Billion ≈ $248.69 Million |
+155.06% |
| 2016-12-31 | CN¥666.32 Million ≈ $97.50 Million |
+27.62% |
| 2015-12-31 | CN¥522.13 Million ≈ $76.40 Million |
+22.06% |
| 2014-12-31 | CN¥427.75 Million ≈ $62.59 Million |
+180.02% |
| 2013-12-31 | CN¥152.75 Million ≈ $22.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zbom Cabinets 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 2890.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.20 Billion | 64.82% |
| Common Stock | CN¥436.51 Million | 12.84% |
| Other Components | CN¥759.40 Million | 22.34% |
| Total Equity | CN¥3.40 Billion | 100.00% |
Zbom Cabinets Co Ltd Competitors by Market Cap
The table below lists competitors of Zbom Cabinets Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caisse Regionale de Credit Agricole Mutuel Brie Picardie
PA:CRBP2
|
$547.93 Million |
|
CHC Resources Corp
TW:9930
|
$548.13 Million |
|
Blumar
SN:BLUMAR
|
$548.43 Million |
|
Jahen Household Products Co. Ltd.
SHE:300955
|
$548.56 Million |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
$547.10 Million |
|
Capex S.A
BA:CAPX
|
$547.09 Million |
|
Dare Technology Co Ltd
SHE:000910
|
$547.09 Million |
|
Gansu Yatai Industrial Development Co Ltd
SHE:000691
|
$547.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zbom Cabinets Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,288,227,003 to 3,399,325,353, a change of 111,098,350 (3.4%).
- Net income of 385,416,663 contributed positively to equity growth.
- Dividend payments of 318,918,787 reduced retained earnings.
- Other factors increased equity by 44,600,474.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥385.42 Million | +11.34% |
| Dividends Paid | CN¥318.92 Million | -9.38% |
| Other Changes | CN¥44.60 Million | +1.31% |
| Total Change | CN¥- | 3.38% |
Book Value vs Market Value Analysis
This analysis compares Zbom Cabinets 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: 1.10x
- 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 16.70x to 1.10x 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¥0.52 | CN¥8.61 | x |
| 2014-12-31 | CN¥1.42 | CN¥8.61 | x |
| 2015-12-31 | CN¥1.59 | CN¥8.61 | x |
| 2016-12-31 | CN¥2.02 | CN¥8.61 | x |
| 2017-12-31 | CN¥4.42 | CN¥8.61 | x |
| 2018-12-31 | CN¥4.27 | CN¥8.61 | x |
| 2019-12-31 | CN¥4.46 | CN¥8.61 | x |
| 2020-12-31 | CN¥5.07 | CN¥8.61 | x |
| 2021-12-31 | CN¥5.93 | CN¥8.61 | x |
| 2022-12-31 | CN¥6.73 | CN¥8.61 | x |
| 2023-12-31 | CN¥7.52 | CN¥8.61 | x |
| 2024-12-31 | CN¥7.85 | CN¥8.61 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zbom Cabinets 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): 11.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.33%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.98x
- Recent ROE (11.34%) is below the historical average (21.35%), 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 | 48.46% | 7.63% | 1.71x | 3.71x | CN¥58.75 Million |
| 2014 | 24.90% | 10.15% | 1.20x | 2.05x | CN¥63.73 Million |
| 2015 | 25.35% | 11.14% | 1.17x | 1.95x | CN¥80.17 Million |
| 2016 | 26.68% | 11.32% | 1.12x | 2.11x | CN¥111.16 Million |
| 2017 | 13.78% | 10.86% | 0.82x | 1.54x | CN¥64.27 Million |
| 2018 | 14.58% | 11.22% | 0.87x | 1.49x | CN¥85.67 Million |
| 2019 | 17.08% | 11.12% | 0.96x | 1.60x | CN¥136.51 Million |
| 2020 | 17.75% | 10.30% | 0.93x | 1.85x | CN¥172.64 Million |
| 2021 | 19.51% | 9.81% | 0.97x | 2.04x | CN¥246.42 Million |
| 2022 | 18.66% | 9.97% | 0.93x | 2.01x | CN¥249.41 Million |
| 2023 | 18.10% | 9.73% | 0.96x | 1.94x | CN¥266.24 Million |
| 2024 | 11.34% | 7.33% | 0.78x | 1.98x | CN¥45.48 Million |
Industry Comparison
This section compares Zbom Cabinets 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: $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 |
|---|---|---|---|---|
| Zbom Cabinets Co Ltd (603801) | CN¥3.41 Billion | 48.46% | 0.88x | $547.25 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 Zbom Cabinets Co Ltd
Zbom Home Collection Co.,Ltd engages in the research, development, production and sale of customized building products in China and internationally. It offers custom kitchen cabinets, custom wardrobes, doors, wall panels, kitchen appliances, finished furniture, and other overall home products. The company was formerly known as Zbom Cabinets Co.,Ltd. and changed its name to Zbom Home Collection Co… Read more