Shanghai Kindly Entrp Dvlp Grp (603987) - Net Assets

Latest as of September 2025: CN¥3.05 Billion CNY ≈ $446.94 Million USD

Based on the latest financial reports, Shanghai Kindly Entrp Dvlp Grp (603987) has net assets worth CN¥3.05 Billion CNY (≈ $446.94 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¥4.24 Billion ≈ $620.74 Million USD) and total liabilities (CN¥1.19 Billion ≈ $173.81 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 603987 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.05 Billion
% of Total Assets	72.0%
Annual Growth Rate	16.58%
5-Year Change	-1.93%
10-Year Change	265.05%
Growth Volatility	21.4

Shanghai Kindly Entrp Dvlp Grp - Net Assets Trend (2011–2024)

This chart illustrates how Shanghai Kindly Entrp Dvlp Grp's net assets have evolved over time, based on quarterly financial data. Also explore 603987 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Kindly Entrp Dvlp Grp (2011–2024)

The table below shows the annual net assets of Shanghai Kindly Entrp Dvlp Grp from 2011 to 2024. For live valuation and market cap data, see Shanghai Kindly Entrp Dvlp Grp (603987) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.91 Billion ≈ $425.79 Million	+4.70%
2023-12-31	CN¥2.78 Billion ≈ $406.67 Million	+9.02%
2022-12-31	CN¥2.55 Billion ≈ $373.02 Million	-24.80%
2021-12-31	CN¥3.39 Billion ≈ $496.06 Million	+14.26%
2020-12-31	CN¥2.97 Billion ≈ $434.15 Million	+9.99%
2019-12-31	CN¥2.70 Billion ≈ $394.71 Million	+65.66%
2018-12-31	CN¥1.63 Billion ≈ $238.26 Million	+21.38%
2017-12-31	CN¥1.34 Billion ≈ $196.29 Million	+9.20%
2016-12-31	CN¥1.23 Billion ≈ $179.76 Million	+54.12%
2015-12-31	CN¥797.08 Million ≈ $116.64 Million	+18.54%
2014-12-31	CN¥672.40 Million ≈ $98.39 Million	+28.25%
2013-12-31	CN¥524.30 Million ≈ $76.72 Million	+15.05%
2012-12-31	CN¥455.71 Million ≈ $66.69 Million	+15.14%
2011-12-31	CN¥395.78 Million ≈ $57.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Kindly Entrp Dvlp Grp'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 1440.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.43 Billion	56.28%
Common Stock	CN¥441.00 Million	17.36%
Other Comprehensive Income	CN¥4.05 Million	0.16%
Other Components	CN¥665.34 Million	26.20%
Total Equity	CN¥2.54 Billion	100.00%

Shanghai Kindly Entrp Dvlp Grp Competitors by Market Cap

The table below lists competitors of Shanghai Kindly Entrp Dvlp Grp ranked by their market capitalization.

Company	Market Cap
Liberty Gold Corp TO:LGD	$538.84 Million
Hangzhou Juheshun New Material Co Ltd SHG:605166	$538.85 Million
Tianjin Binhai Energy & Development Co Ltd SHE:000695	$538.87 Million
Maanshan Iron & Steel Company Limited F:YM9A	$538.91 Million
Bel Fuse A Inc NASDAQ:BELFA	$538.74 Million
Jamna Auto Industries Limited NSE:JAMNAAUTO	$538.66 Million
Anhui Ronds Science & Technology Inc Co SHG:688768	$538.58 Million
Zhejiang Natural Outdoor Goods Inc. SHG:605080	$538.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Kindly Entrp Dvlp Grp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,405,601,602 to 2,539,635,805, a change of 134,034,203 (5.6%).
Net income of 215,328,192 contributed positively to equity growth.
Dividend payments of 94,033,095 reduced retained earnings.
Other comprehensive income increased equity by 1,022,988.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥215.33 Million	+8.48%
Dividends Paid	CN¥94.03 Million	-3.7%
Other Comprehensive Income	CN¥1.02 Million	+0.04%
Other Changes	CN¥11.72 Million	+0.46%
Total Change	CN¥-	5.57%

Book Value vs Market Value Analysis

This analysis compares Shanghai Kindly Entrp Dvlp Grp'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: 1.46x
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 7.45x to 1.46x 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¥1.13	CN¥8.43	x
2012-12-31	CN¥1.29	CN¥8.43	x
2013-12-31	CN¥1.49	CN¥8.43	x
2014-12-31	CN¥1.88	CN¥8.43	x
2015-12-31	CN¥2.18	CN¥8.43	x
2016-12-31	CN¥3.23	CN¥8.43	x
2017-12-31	CN¥2.79	CN¥8.43	x
2018-12-31	CN¥3.08	CN¥8.43	x
2019-12-31	CN¥3.68	CN¥8.43	x
2020-12-31	CN¥4.00	CN¥8.43	x
2021-12-31	CN¥4.71	CN¥8.43	x
2022-12-31	CN¥5.05	CN¥8.43	x
2023-12-31	CN¥5.52	CN¥8.43	x
2024-12-31	CN¥5.78	CN¥8.43	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Kindly Entrp Dvlp Grp 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): 8.48%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.52%
• Asset Turnover: 0.55x
• Equity Multiplier: 1.63x
Recent ROE (8.48%) is below the historical average (13.23%), 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	20.21%	9.71%	0.87x	2.41x	CN¥38.03 Million
2012	13.28%	6.45%	0.91x	2.26x	CN¥14.08 Million
2013	12.83%	6.79%	0.82x	2.30x	CN¥13.95 Million
2014	10.37%	6.56%	0.79x	2.01x	CN¥2.29 Million
2015	13.09%	8.91%	0.78x	1.88x	CN¥22.34 Million
2016	8.84%	8.90%	0.73x	1.36x	CN¥-13.19 Million
2017	9.67%	9.47%	0.78x	1.30x	CN¥-4.10 Million
2018	10.71%	10.14%	0.67x	1.58x	CN¥9.74 Million
2019	15.49%	13.68%	0.48x	2.35x	CN¥88.07 Million
2020	18.53%	12.34%	0.62x	2.42x	CN¥150.20 Million
2021	20.18%	13.54%	0.62x	2.39x	CN¥211.48 Million
2022	13.97%	10.00%	0.75x	1.85x	CN¥88.64 Million
2023	9.60%	9.41%	0.58x	1.75x	CN¥-9.66 Million
2024	8.48%	9.52%	0.55x	1.63x	CN¥-38.64 Million

Industry Comparison

This section compares Shanghai Kindly Entrp Dvlp Grp's net assets metrics with peer companies in the Medical Instruments & Supplies industry.

Industry Context

Industry: Medical Instruments & Supplies
Average net assets among peers: $1,585,373,438
Average return on equity (ROE) among peers: 5.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Kindly Entrp Dvlp Grp (603987)	CN¥3.05 Billion	20.21%	0.39x	$538.81 Million
Beijing Centergate Technologies Holding Co Ltd (000931)	$1.79 Billion	0.80%	1.04x	$521.28 Million
Blue Sail Medical Co Ltd (002382)	$203.26 Million	29.44%	0.87x	$1.08 Billion
Andon Health Co Ltd (002432)	$1.54 Billion	0.94%	0.53x	$4.93 Billion
Allmed Medical Products Co Ltd Class A (002950)	$3.13 Billion	12.99%	0.84x	$1.34 Billion
Guangzhou Improve Med Instrument (300030)	$563.53 Million	4.77%	0.17x	$380.05 Million
QITIAN Technology Group Co Ltd (300061)	$1.16 Billion	-31.55%	0.49x	$950.81 Million
Shanghai Tofflon Science Tech (300171)	$3.12 Billion	2.26%	0.50x	$1.47 Billion
Truking Technology Ltd (300358)	$2.32 Billion	6.92%	0.71x	$1.03 Billion
Jiangxi Sanxin Medtec Co Ltd (300453)	$1.33 Billion	15.49%	0.52x	$782.31 Million
Shenyang Xingqi Pharmaceutical Co Ltd (300573)	$694.06 Million	12.68%	0.39x	$2.51 Billion

About Shanghai Kindly Entrp Dvlp Grp

SHG:603987 China Medical Instruments & Supplies

Market Cap

$538.81 Million

CN¥3.68 Billion CNY

Market Cap Rank

#12200 Global

#3763 in China

Share Price

CN¥8.43

Change (1 day)

+0.36%

52-Week Range

CN¥7.14 - CN¥9.69

All Time High

CN¥30.06