Zbom Cabinets Co Ltd (603801) - Net Assets
Based on the latest financial reports, Zbom Cabinets Co Ltd (603801) has net assets worth CN¥3.20 Billion CNY (≈ $468.24 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¥6.15 Billion ≈ $899.76 Million USD) and total liabilities (CN¥2.95 Billion ≈ $431.52 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 Zbom Cabinets 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¥3.20 Billion |
| % of Total Assets | 52.04% |
| Annual Growth Rate | 29.5% |
| 5-Year Change | 31.16% |
| 10-Year Change | 410.01% |
| Growth Volatility | 58.55 |
Zbom Cabinets Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Zbom Cabinets Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Zbom Cabinets Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zbom Cabinets Co Ltd (2013–2025)
The table below shows the annual net assets of Zbom Cabinets Co Ltd from 2013 to 2025. For live valuation and market cap data, see 603801 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.40 Billion ≈ $497.28 Million |
-0.03% |
| 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 2772.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.12 Billion | 62.29% |
| Other Components | CN¥1.28 Billion | 37.71% |
| 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 |
|---|---|
|
Cedar Woods Properties Ltd
AU:CWP
|
$408.13 Million |
|
Geron Co Ltd
SHE:002722
|
$408.38 Million |
|
Cross Country Healthcare Inc
NASDAQ:CCRN
|
$408.38 Million |
|
Gladstone Capital Corporation
NASDAQ:GLAD
|
$408.48 Million |
|
Jw Pharmac
KO:001060
|
$408.02 Million |
|
Plastika Kritis S.A.
AT:PLAKR
|
$407.95 Million |
|
Zhengzhou J and T Hi Tech Co
SHE:300845
|
$407.74 Million |
|
Lets Holding Group Co Ltd
SHE:002398
|
$407.55 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 2024 to 2025, total equity changed from 3,399,325,353 to 3,398,322,755, a change of -1,002,598 (-0.0%).
- Net income of 204,710,768 contributed positively to equity growth.
- Dividend payments of 268,671,874 reduced retained earnings.
- Other factors increased equity by 62,958,508.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥204.71 Million | +6.02% |
| Dividends Paid | CN¥268.67 Million | -7.91% |
| Other Changes | CN¥62.96 Million | +1.85% |
| Total Change | CN¥- | -0.03% |
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: 0.82x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 12.46x to 0.82x 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¥6.42 | x |
| 2014-12-31 | CN¥1.42 | CN¥6.42 | x |
| 2015-12-31 | CN¥1.59 | CN¥6.42 | x |
| 2016-12-31 | CN¥2.02 | CN¥6.42 | x |
| 2017-12-31 | CN¥4.42 | CN¥6.42 | x |
| 2018-12-31 | CN¥4.27 | CN¥6.42 | x |
| 2019-12-31 | CN¥4.46 | CN¥6.42 | x |
| 2020-12-31 | CN¥5.07 | CN¥6.42 | x |
| 2021-12-31 | CN¥5.93 | CN¥6.42 | x |
| 2022-12-31 | CN¥6.73 | CN¥6.42 | x |
| 2023-12-31 | CN¥7.52 | CN¥6.42 | x |
| 2024-12-31 | CN¥7.85 | CN¥6.42 | x |
| 2025-12-31 | CN¥7.82 | CN¥6.42 | 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): 6.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.70%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.92x
- Recent ROE (6.02%) is below the historical average (20.17%), 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 |
| 2025 | 6.02% | 4.70% | 0.67x | 1.92x | CN¥-135.12 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: $15,544,183,574
- Average return on equity (ROE) among peers: 14.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zbom Cabinets Co Ltd (603801) | CN¥3.20 Billion | 48.46% | 0.92x | $408.05 Million |
| Midea Group Co Ltd (000333) | $33.17 Billion | 9.83% | 1.65x | $79.32 Billion |
| Changhong Meiling Co Ltd (000521) | $1.35 Billion | 22.32% | 2.55x | $714.80 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $101.88 Billion | 24.06% | 2.48x | $30.10 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $14.41 Billion | 10.96% | 1.90x | $3.65 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $339.25 Million |
| Elec-Tech International Co Ltd (002005) | $2.67 Billion | 9.88% | 1.02x | $676.99 Million |
| Zhejiang Supor Co Ltd (002032) | $96.39 Million | 25.29% | 2.20x | $4.81 Billion |
| Vatti Corp Ltd (002035) | $56.22 Million | 22.45% | 3.75x | $589.18 Million |
| CNlight Co Ltd (002076) | $388.80 Million | 2.76% | 0.26x | $430.09 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.15 Billion | 4.02% | 0.60x | $327.10 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