KEDE Numerical Control Co Ltd
KEDE Numerical Control Co., Ltd. manufactures and markets CNC systems and functional components in China. It offers five-axis vertical machining, mill-turn composite machining, gantry machining, tool grinding, horizontal machining, blade milling machining; other domestic high-end CNC machine tools; numerical control systems; servo drive systems; servo motors, torque motors, linear motors, and spi… Read more
KEDE Numerical Control Co Ltd (688305) - Net Assets
Latest net assets as of September 2025: CN¥1.88 Billion CNY
Based on the latest financial reports, KEDE Numerical Control Co Ltd (688305) has net assets worth CN¥1.88 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¥2.27 Billion) and total liabilities (CN¥392.19 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¥1.88 Billion |
| % of Total Assets | 82.72% |
| Annual Growth Rate | 43.76% |
| 5-Year Change | 233.29% |
| 10-Year Change | N/A |
| Growth Volatility | 55.28 |
KEDE Numerical Control Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how KEDE Numerical Control 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 KEDE Numerical Control Co Ltd (2017–2024)
The table below shows the annual net assets of KEDE Numerical Control Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.83 Billion | +61.24% |
| 2023-12-31 | CN¥1.13 Billion | +9.89% |
| 2022-12-31 | CN¥1.03 Billion | +26.92% |
| 2021-12-31 | CN¥812.71 Million | +48.21% |
| 2020-12-31 | CN¥548.36 Million | +6.83% |
| 2019-12-31 | CN¥513.29 Million | +27.55% |
| 2018-12-31 | CN¥402.44 Million | +179.49% |
| 2017-12-31 | CN¥143.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KEDE Numerical Control 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 9811.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥341.71 Million | 18.69% |
| Common Stock | CN¥102.24 Million | 5.59% |
| Other Comprehensive Income | CN¥100.24 Million | 5.48% |
| Other Components | CN¥1.28 Billion | 70.23% |
| Total Equity | CN¥1.83 Billion | 100.00% |
KEDE Numerical Control Co Ltd Competitors by Market Cap
The table below lists competitors of KEDE Numerical Control Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ability Enterprise Co Ltd
TW:2374
|
$571.16 Million |
|
Mama's Creations Inc.
NASDAQ:MAMA
|
$571.24 Million |
|
Sana Biotechnology Inc
NASDAQ:SANA
|
$571.42 Million |
|
Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd
SHG:600379
|
$571.54 Million |
|
Lisi S.A
PINK:LSIIF
|
$571.14 Million |
|
Etron Technology
TWO:5351
|
$570.99 Million |
|
Data#3 Limited
PINK:DTATF
|
$570.87 Million |
|
Huafu Top Dyed Melange Yarn Co Ltd
SHE:002042
|
$570.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KEDE Numerical Control Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,133,659,575 to 1,827,923,255, a change of 694,263,680 (61.2%).
- Net income of 129,893,926 contributed positively to equity growth.
- Dividend payments of 25,189,226 reduced retained earnings.
- Other comprehensive income increased equity by 100,241,262.
- Other factors increased equity by 489,317,718.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥129.89 Million | +7.11% |
| Dividends Paid | CN¥25.19 Million | -1.38% |
| Other Comprehensive Income | CN¥100.24 Million | +5.48% |
| Other Changes | CN¥489.32 Million | +26.77% |
| Total Change | CN¥- | 61.24% |
Book Value vs Market Value Analysis
This analysis compares KEDE Numerical Control 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: 3.39x
- 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 23.92x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.62 | CN¥62.62 | x |
| 2018-12-31 | CN¥6.55 | CN¥62.62 | x |
| 2019-12-31 | CN¥7.74 | CN¥62.62 | x |
| 2020-12-31 | CN¥8.06 | CN¥62.62 | x |
| 2021-12-31 | CN¥10.48 | CN¥62.62 | x |
| 2022-12-31 | CN¥11.26 | CN¥62.62 | x |
| 2023-12-31 | CN¥12.17 | CN¥62.62 | x |
| 2024-12-31 | CN¥18.48 | CN¥62.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KEDE Numerical Control 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): 7.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.45%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.23x
- Recent ROE (7.11%) is above the historical average (5.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 4.93% | 9.53% | 0.26x | 1.99x | CN¥-7.30 Million |
| 2018 | -9.33% | -36.52% | 0.18x | 1.41x | CN¥-77.80 Million |
| 2019 | 8.28% | 29.92% | 0.22x | 1.27x | CN¥-8.83 Million |
| 2020 | 6.43% | 17.78% | 0.29x | 1.24x | CN¥-19.58 Million |
| 2021 | 8.97% | 28.73% | 0.26x | 1.22x | CN¥-8.38 Million |
| 2022 | 5.85% | 19.13% | 0.24x | 1.30x | CN¥-42.80 Million |
| 2023 | 9.00% | 22.55% | 0.30x | 1.32x | CN¥-11.38 Million |
| 2024 | 7.11% | 21.45% | 0.27x | 1.23x | CN¥-52.90 Million |
Industry Comparison
This section compares KEDE Numerical Control Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KEDE Numerical Control Co Ltd (688305) | CN¥1.88 Billion | 4.93% | 0.21x | $571.15 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |