Shanghai Flyco Electrical Appliance Co Ltd
Shanghai Flyco Electrical Appliance Co., Ltd. engages in the research and development, production, processing, and sales of personal care electrical appliances in China and internationally. It offers personal care electrical appliances, including electric shavers, high-speed hair dryers, electric toothbrushes, water flossers, electric hair clippers, nose hair trimmers/removers, women's shavers, h… Read more
Shanghai Flyco Electrical Appliance Co Ltd (603868) - Net Assets
Latest net assets as of September 2025: CN¥3.27 Billion CNY
Based on the latest financial reports, Shanghai Flyco Electrical Appliance Co Ltd (603868) has net assets worth CN¥3.27 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¥3.90 Billion) and total liabilities (CN¥624.18 Million). 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¥3.27 Billion |
| % of Total Assets | 83.98% |
| Annual Growth Rate | 24.92% |
| 5-Year Change | 7.04% |
| 10-Year Change | 174.58% |
| Growth Volatility | 40.16 |
Shanghai Flyco Electrical Appliance Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Flyco Electrical Appliance 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 Shanghai Flyco Electrical Appliance Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Flyco Electrical Appliance Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.03 Billion | -15.21% |
| 2023-12-31 | CN¥3.58 Billion | +4.32% |
| 2022-12-31 | CN¥3.43 Billion | +12.73% |
| 2021-12-31 | CN¥3.04 Billion | +7.35% |
| 2020-12-31 | CN¥2.83 Billion | +7.72% |
| 2019-12-31 | CN¥2.63 Billion | +1.02% |
| 2018-12-31 | CN¥2.60 Billion | +8.02% |
| 2017-12-31 | CN¥2.41 Billion | +19.88% |
| 2016-12-31 | CN¥2.01 Billion | +82.04% |
| 2015-12-31 | CN¥1.10 Billion | +34.32% |
| 2014-12-31 | CN¥822.20 Million | +20.29% |
| 2013-12-31 | CN¥683.53 Million | +73.95% |
| 2012-12-31 | CN¥392.95 Million | +133.81% |
| 2011-12-31 | CN¥168.07 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Flyco Electrical Appliance 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 1295.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.69 Billion | 55.66% |
| Common Stock | CN¥435.60 Million | 14.36% |
| Other Comprehensive Income | CN¥224.14 Million | 7.39% |
| Other Components | CN¥684.93 Million | 22.59% |
| Total Equity | CN¥3.03 Billion | 100.00% |
Shanghai Flyco Electrical Appliance Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Flyco Electrical Appliance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Park Ohio Holdings Corp
NASDAQ:PKOH
|
$219.92 Million |
|
Bank Pan Indonesia Tbk
JK:PNBN
|
$219.95 Million |
|
USI Corp
TW:1304
|
$220.01 Million |
|
Fujian Raynen Tech Co Ltd
SHG:603933
|
$220.06 Million |
|
MediaAlpha Inc.
NYSE:MAX
|
$219.85 Million |
|
China Man-Made Fiber Corp
TW:1718
|
$219.85 Million |
|
GSW Immobilien AG
HM:GIB
|
$219.84 Million |
|
Suqian Unitech Corp. Ltd. Cl A
SHG:603065
|
$219.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Flyco Electrical Appliance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,576,345,741 to 3,032,485,844, a change of -543,859,897 (-15.2%).
- Net income of 457,861,392 contributed positively to equity growth.
- Dividend payments of 1,005,943,944 reduced retained earnings.
- Other comprehensive income increased equity by 223,898,031.
- Other factors decreased equity by 219,675,376.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥457.86 Million | +15.1% |
| Dividends Paid | CN¥1.01 Billion | -33.17% |
| Other Comprehensive Income | CN¥223.90 Million | +7.38% |
| Other Changes | CN¥-219.68 Million | -7.24% |
| Total Change | CN¥- | -15.21% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Flyco Electrical Appliance 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: 5.32x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 95.92x to 5.32x 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¥0.39 | CN¥37.01 | x |
| 2012-12-31 | CN¥1.01 | CN¥37.01 | x |
| 2013-12-31 | CN¥1.74 | CN¥37.01 | x |
| 2014-12-31 | CN¥2.11 | CN¥37.01 | x |
| 2015-12-31 | CN¥2.82 | CN¥37.01 | x |
| 2016-12-31 | CN¥4.79 | CN¥37.01 | x |
| 2017-12-31 | CN¥5.54 | CN¥37.01 | x |
| 2018-12-31 | CN¥5.97 | CN¥37.01 | x |
| 2019-12-31 | CN¥6.04 | CN¥37.01 | x |
| 2020-12-31 | CN¥6.50 | CN¥37.01 | x |
| 2021-12-31 | CN¥6.98 | CN¥37.01 | x |
| 2022-12-31 | CN¥7.87 | CN¥37.01 | x |
| 2023-12-31 | CN¥8.21 | CN¥37.01 | x |
| 2024-12-31 | CN¥6.95 | CN¥37.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Flyco Electrical Appliance 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): 15.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.04%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.25x
- Recent ROE (15.10%) is below the historical average (35.95%), 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 | 85.71% | 9.68% | 2.89x | 3.07x | CN¥127.24 Million |
| 2012 | 49.59% | 11.52% | 2.41x | 1.79x | CN¥155.59 Million |
| 2013 | 42.51% | 14.02% | 1.97x | 1.54x | CN¥222.23 Million |
| 2014 | 45.09% | 15.44% | 1.69x | 1.73x | CN¥288.50 Million |
| 2015 | 45.43% | 18.03% | 1.65x | 1.53x | CN¥391.27 Million |
| 2016 | 30.50% | 18.23% | 1.21x | 1.38x | CN¥412.19 Million |
| 2017 | 34.66% | 21.68% | 1.18x | 1.35x | CN¥594.33 Million |
| 2018 | 32.47% | 21.25% | 1.08x | 1.42x | CN¥584.73 Million |
| 2019 | 26.08% | 18.24% | 1.02x | 1.40x | CN¥422.86 Million |
| 2020 | 22.55% | 17.89% | 0.92x | 1.37x | CN¥355.22 Million |
| 2021 | 21.06% | 16.00% | 0.96x | 1.37x | CN¥336.48 Million |
| 2022 | 24.01% | 17.79% | 1.06x | 1.27x | CN¥480.16 Million |
| 2023 | 28.51% | 20.15% | 1.13x | 1.25x | CN¥662.00 Million |
| 2024 | 15.10% | 11.04% | 1.10x | 1.25x | CN¥154.61 Million |
Industry Comparison
This section compares Shanghai Flyco Electrical Appliance Co Ltd's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,143,263,014
- Average return on equity (ROE) among peers: 10.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Flyco Electrical Appliance Co Ltd (603868) | CN¥3.27 Billion | 85.71% | 0.19x | $219.92 Million |
| Lonkey Industrial Co Ltd Guangzhou (000523) | $104.40 Million | 15.81% | 1.73x | $549.33 Million |
| Tianjin Yiyi Hygiene Products Co Ltd (001206) | $1.73 Billion | 6.61% | 0.14x | $225.27 Million |
| Hunan Resun Co Ltd (001218) | $905.44 Million | 24.55% | 0.67x | $285.91 Million |
| Dencare (Chongqing) Oral Care Co. Ltd. A (001328) | $542.28 Million | 24.82% | 0.88x | $205.01 Million |
| Qingdao Kingking Applied Chemistry Co Ltd (002094) | $1.92 Billion | 9.63% | 0.50x | $497.23 Million |
| C&S Paper Co Ltd (002511) | $2.28 Billion | 5.08% | 0.97x | $752.42 Million |
| Anhui Deli Household Glass Co Ltd (002571) | $1.41 Billion | -9.08% | 0.25x | $343.86 Million |
| Mingchen Health Co Ltd Class A (002919) | $739.25 Million | 3.43% | 0.68x | $472.78 Million |
| Chongqing Baiya Sanitary Products Co (003006) | $359.21 Million | 16.81% | 0.32x | $497.77 Million |
| Chengdu Rainbow Appliance Gr (003023) | $1.44 Billion | 6.57% | 0.37x | $159.76 Million |