Shanghai Kelai Mechatronics (603960) - Net Assets
Based on the latest financial reports, Shanghai Kelai Mechatronics (603960) has net assets worth CN¥1.12 Billion CNY (≈ $163.79 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¥1.24 Billion ≈ $181.83 Million USD) and total liabilities (CN¥123.23 Million ≈ $18.03 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 603960 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.12 Billion |
| % of Total Assets | 90.08% |
| Annual Growth Rate | 24.79% |
| 5-Year Change | 10.39% |
| 10-Year Change | 460.47% |
| Growth Volatility | 31.09 |
Shanghai Kelai Mechatronics - Net Assets Trend (2012–2024)
This chart illustrates how Shanghai Kelai Mechatronics's net assets have evolved over time, based on quarterly financial data. See Shanghai Kelai Mechatronics defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Kelai Mechatronics (2012–2024)
The table below shows the annual net assets of Shanghai Kelai Mechatronics from 2012 to 2024. For live valuation and market cap data, see 603960 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.11 Billion ≈ $162.63 Million |
+2.35% |
| 2023-12-31 | CN¥1.09 Billion ≈ $158.89 Million |
+8.48% |
| 2022-12-31 | CN¥1.00 Billion ≈ $146.48 Million |
-1.82% |
| 2021-12-31 | CN¥1.02 Billion ≈ $149.19 Million |
+1.27% |
| 2020-12-31 | CN¥1.01 Billion ≈ $147.32 Million |
+35.41% |
| 2019-12-31 | CN¥743.46 Million ≈ $108.79 Million |
+28.29% |
| 2018-12-31 | CN¥579.52 Million ≈ $84.80 Million |
+24.83% |
| 2017-12-31 | CN¥464.23 Million ≈ $67.93 Million |
+98.31% |
| 2016-12-31 | CN¥234.09 Million ≈ $34.25 Million |
+18.05% |
| 2015-12-31 | CN¥198.29 Million ≈ $29.02 Million |
+18.27% |
| 2014-12-31 | CN¥167.67 Million ≈ $24.54 Million |
+14.57% |
| 2013-12-31 | CN¥146.34 Million ≈ $21.41 Million |
+87.76% |
| 2012-12-31 | CN¥77.94 Million ≈ $11.40 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Kelai Mechatronics'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 873.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥475.85 Million | 42.86% |
| Common Stock | CN¥263.02 Million | 23.69% |
| Other Comprehensive Income | CN¥-2.07K | 0.00% |
| Other Components | CN¥371.33 Million | 33.45% |
| Total Equity | CN¥1.11 Billion | 100.00% |
Shanghai Kelai Mechatronics Competitors by Market Cap
The table below lists competitors of Shanghai Kelai Mechatronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IRB-Brasil Resseguros S.A.
SA:IRBR3
|
$825.15 Million |
|
Siteminder Ltd
AU:SDR
|
$825.24 Million |
|
Jastrzebska Spotka Weglowa SA
WAR:JSW
|
$825.28 Million |
|
Anhui Gujing Distillery Co Ltd
SHE:200596
|
$825.51 Million |
|
JBG SMITH Properties
NYSE:JBGS
|
$824.90 Million |
|
Hangzhou Heshun Technology Co.LTD.
SHE:301237
|
$824.72 Million |
|
Cromwell Property Group
AU:CMW
|
$824.59 Million |
|
Festi hf
IC:FESTI
|
$824.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Kelai Mechatronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,085,829,068 to 1,110,204,924, a change of 24,375,856 (2.2%).
- Net income of 55,062,942 contributed positively to equity growth.
- Dividend payments of 35,382,218 reduced retained earnings.
- Share repurchases of 380,100 reduced equity.
- Other comprehensive income decreased equity by 2,550.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥55.06 Million | +4.96% |
| Dividends Paid | CN¥35.38 Million | -3.19% |
| Share Repurchases | CN¥380.10K | -0.03% |
| Other Comprehensive Income | CN¥-2.55K | -0.0% |
| Other Changes | CN¥5.08 Million | +0.46% |
| Total Change | CN¥- | 2.24% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Kelai Mechatronics'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: 5.08x
- 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 51.01x to 5.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.42 | CN¥21.50 | x |
| 2013-12-31 | CN¥0.80 | CN¥21.50 | x |
| 2014-12-31 | CN¥0.90 | CN¥21.50 | x |
| 2015-12-31 | CN¥1.07 | CN¥21.50 | x |
| 2016-12-31 | CN¥1.27 | CN¥21.50 | x |
| 2017-12-31 | CN¥1.91 | CN¥21.50 | x |
| 2018-12-31 | CN¥1.98 | CN¥21.50 | x |
| 2019-12-31 | CN¥2.46 | CN¥21.50 | x |
| 2020-12-31 | CN¥3.78 | CN¥21.50 | x |
| 2021-12-31 | CN¥3.71 | CN¥21.50 | x |
| 2022-12-31 | CN¥3.84 | CN¥21.50 | x |
| 2023-12-31 | CN¥4.11 | CN¥21.50 | x |
| 2024-12-31 | CN¥4.23 | CN¥21.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Kelai Mechatronics 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): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.40%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.17x
- Recent ROE (4.96%) is below the historical average (13.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 29.02% | 27.24% | 0.58x | 1.83x | CN¥14.74 Million |
| 2013 | 23.70% | 28.86% | 0.56x | 1.46x | CN¥20.05 Million |
| 2014 | 16.90% | 23.49% | 0.50x | 1.45x | CN¥11.56 Million |
| 2015 | 15.44% | 19.78% | 0.46x | 1.70x | CN¥10.80 Million |
| 2016 | 15.29% | 18.60% | 0.51x | 1.63x | CN¥12.39 Million |
| 2017 | 11.23% | 19.55% | 0.38x | 1.53x | CN¥5.39 Million |
| 2018 | 13.33% | 11.17% | 0.62x | 1.92x | CN¥16.27 Million |
| 2019 | 16.50% | 12.56% | 0.64x | 2.06x | CN¥39.38 Million |
| 2020 | 13.50% | 16.86% | 0.63x | 1.28x | CN¥33.51 Million |
| 2021 | 5.15% | 8.88% | 0.46x | 1.27x | CN¥-46.96 Million |
| 2022 | 6.44% | 9.51% | 0.53x | 1.29x | CN¥-35.68 Million |
| 2023 | 8.52% | 13.44% | 0.55x | 1.16x | CN¥-16.11 Million |
| 2024 | 4.96% | 9.40% | 0.45x | 1.17x | CN¥-55.96 Million |
Industry Comparison
This section compares Shanghai Kelai Mechatronics's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Kelai Mechatronics (603960) | CN¥1.12 Billion | 29.02% | 0.11x | $824.91 Million |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Shanghai Kelai Mechatronics
Shanghai Kelai Mechatronics Engineering Co.,Ltd. engages in the research, development, manufacture, and sale of intelligent equipment and industrial robot systems. It offers industrial robot systems and flexible automation equipment for use in automotive electronics and interiors, new energy, electronics, machinery, food, logistics, medical equipment, and other fields, as well as spare parts and … Read more