Qumei Furniture Group Co Ltd
Qu Mei Home Furnishings Group Co.,Ltd. researches, develops, designs, manufactures, and sells home furnishing products in China. It offers civilian furniture and supporting home products, as well as solutions for house furniture and household products. The company was founded in 1993 and is based in Beijing, China.
Qumei Furniture Group Co Ltd (603818) - Net Assets
Latest net assets as of September 2025: CN¥2.31 Billion CNY
Based on the latest financial reports, Qumei Furniture Group Co Ltd (603818) has net assets worth CN¥2.31 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.72 Billion) and total liabilities (CN¥4.41 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.31 Billion |
| % of Total Assets | 34.32% |
| Annual Growth Rate | 14.04% |
| 5-Year Change | -14.93% |
| 10-Year Change | 81.8% |
| Growth Volatility | 26.35 |
Qumei Furniture Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Qumei Furniture Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Qumei Furniture Group Co Ltd (2011–2024)
The table below shows the annual net assets of Qumei Furniture Group Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.22 Billion | +8.45% |
| 2023-12-31 | CN¥2.05 Billion | -12.84% |
| 2022-12-31 | CN¥2.35 Billion | +16.04% |
| 2021-12-31 | CN¥2.02 Billion | -22.45% |
| 2020-12-31 | CN¥2.61 Billion | +34.33% |
| 2019-12-31 | CN¥1.94 Billion | +19.70% |
| 2018-12-31 | CN¥1.62 Billion | -0.48% |
| 2017-12-31 | CN¥1.63 Billion | +17.93% |
| 2016-12-31 | CN¥1.38 Billion | +13.24% |
| 2015-12-31 | CN¥1.22 Billion | +93.43% |
| 2014-12-31 | CN¥631.18 Million | +11.57% |
| 2013-12-31 | CN¥565.72 Million | +19.19% |
| 2012-12-31 | CN¥474.64 Million | +17.97% |
| 2011-12-31 | CN¥402.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qumei Furniture 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 512.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥485.05 Million | 23.11% |
| Common Stock | CN¥688.86 Million | 32.82% |
| Other Components | CN¥925.27 Million | 44.08% |
| Total Equity | CN¥2.10 Billion | 100.00% |
Qumei Furniture Group Co Ltd Competitors by Market Cap
The table below lists competitors of Qumei Furniture Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Youngtek Electronics
TWO:6261
|
$202.45 Million |
|
Nanjing Railway New Technology Co.Ltd.
SHE:301016
|
$202.55 Million |
|
Guangdong Lifestrong Pharmacy Co. Ltd.
SHE:301111
|
$202.58 Million |
|
NUIX Ltd
AU:NXL
|
$202.62 Million |
|
The RMR Group Inc
F:26R
|
$202.36 Million |
|
Eugene Inv&Sec
KO:001200
|
$202.34 Million |
|
ANY Security Printing PLC
BUD:ANY
|
$202.31 Million |
|
Ho Tung Chemical Corp
TW:1714
|
$202.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qumei Furniture Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,900,997,582 to 2,099,179,363, a change of 198,181,781 (10.4%).
- Net loss of 162,774,957 reduced equity.
- Dividend payments of 324,218,993 reduced retained earnings.
- Share repurchases of 54,857,588 reduced equity.
- Other factors increased equity by 740,033,319.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-162.77 Million | -7.75% |
| Dividends Paid | CN¥324.22 Million | -15.45% |
| Share Repurchases | CN¥54.86 Million | -2.61% |
| Other Changes | CN¥740.03 Million | +35.25% |
| Total Change | CN¥- | 10.43% |
Book Value vs Market Value Analysis
This analysis compares Qumei Furniture 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: 1.24x
- 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 3.63x to 1.24x 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¥1.06 | CN¥3.83 | x |
| 2012-12-31 | CN¥1.30 | CN¥3.83 | x |
| 2013-12-31 | CN¥1.57 | CN¥3.83 | x |
| 2014-12-31 | CN¥1.76 | CN¥3.83 | x |
| 2015-12-31 | CN¥2.71 | CN¥3.83 | x |
| 2016-12-31 | CN¥2.84 | CN¥3.83 | x |
| 2017-12-31 | CN¥3.30 | CN¥3.83 | x |
| 2018-12-31 | CN¥2.74 | CN¥3.83 | x |
| 2019-12-31 | CN¥3.10 | CN¥3.83 | x |
| 2020-12-31 | CN¥4.16 | CN¥3.83 | x |
| 2021-12-31 | CN¥3.48 | CN¥3.83 | x |
| 2022-12-31 | CN¥3.78 | CN¥3.83 | x |
| 2023-12-31 | CN¥3.25 | CN¥3.83 | x |
| 2024-12-31 | CN¥3.10 | CN¥3.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qumei Furniture 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): -7.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.58%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 3.12x
- Recent ROE (-7.75%) is below the historical average (7.62%), 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 | 20.83% | 8.74% | 1.10x | 2.17x | CN¥41.24 Million |
| 2012 | 18.78% | 9.55% | 1.07x | 1.84x | CN¥41.25 Million |
| 2013 | 20.08% | 11.17% | 1.03x | 1.75x | CN¥57.05 Million |
| 2014 | 15.92% | 9.19% | 1.14x | 1.52x | CN¥37.34 Million |
| 2015 | 9.58% | 9.31% | 0.85x | 1.22x | CN¥-5.15 Million |
| 2016 | 13.38% | 11.12% | 0.94x | 1.28x | CN¥46.75 Million |
| 2017 | 15.44% | 11.71% | 1.00x | 1.32x | CN¥86.59 Million |
| 2018 | -4.38% | -2.04% | 0.40x | 5.40x | CN¥-194.03 Million |
| 2019 | 5.47% | 1.92% | 0.55x | 5.14x | CN¥-67.96 Million |
| 2020 | 4.81% | 2.43% | 0.56x | 3.56x | CN¥-112.20 Million |
| 2021 | 8.82% | 3.51% | 0.66x | 3.79x | CN¥-23.89 Million |
| 2022 | 1.68% | 0.76% | 0.64x | 3.48x | CN¥-182.48 Million |
| 2023 | -16.00% | -7.55% | 0.58x | 3.66x | CN¥-494.28 Million |
| 2024 | -7.75% | -4.58% | 0.54x | 3.12x | CN¥-372.69 Million |
Industry Comparison
This section compares Qumei Furniture Group 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: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qumei Furniture Group Co Ltd (603818) | CN¥2.31 Billion | 20.83% | 1.91x | $202.44 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |