KBC Corporation Ltd (688598) - Net Assets
Based on the latest financial reports, KBC Corporation Ltd (688598) has net assets worth CN¥3.87 Billion CNY (≈ $566.12 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.18 Billion ≈ $757.69 Million USD) and total liabilities (CN¥1.31 Billion ≈ $191.57 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 688598 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.87 Billion |
| % of Total Assets | 74.72% |
| Annual Growth Rate | 46.59% |
| 5-Year Change | 107.99% |
| 10-Year Change | N/A |
| Growth Volatility | 125.95 |
KBC Corporation Ltd - Net Assets Trend (2016–2025)
This chart illustrates how KBC Corporation Ltd's net assets have evolved over time, based on quarterly financial data. See KBC Corporation Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for KBC Corporation Ltd (2016–2025)
The table below shows the annual net assets of KBC Corporation Ltd from 2016 to 2025. For live valuation and market cap data, see 688598 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.93 Billion ≈ $575.55 Million |
-24.13% |
| 2024-12-31 | CN¥5.18 Billion ≈ $758.61 Million |
-14.50% |
| 2023-12-31 | CN¥6.06 Billion ≈ $887.30 Million |
+1.26% |
| 2022-12-31 | CN¥5.99 Billion ≈ $876.22 Million |
+216.64% |
| 2021-12-31 | CN¥1.89 Billion ≈ $276.73 Million |
+46.29% |
| 2020-12-31 | CN¥1.29 Billion ≈ $189.16 Million |
+378.77% |
| 2019-12-31 | CN¥270.00 Million ≈ $39.51 Million |
+27.44% |
| 2018-12-31 | CN¥211.86 Million ≈ $31.00 Million |
+29.86% |
| 2017-12-31 | CN¥163.14 Million ≈ $23.87 Million |
+29.61% |
| 2016-12-31 | CN¥125.87 Million ≈ $18.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to KBC Corporation 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 decreased by 3969.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.74 Billion | 120.68% |
| Total Equity | CN¥3.92 Billion | 100.00% |
KBC Corporation Ltd Competitors by Market Cap
The table below lists competitors of KBC Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jyoti CNC Automation Limited
NSE:JYOTICNC
|
$1.81 Billion |
|
Beijing Dabeinong Technology Group Co Ltd
SHE:002385
|
$1.82 Billion |
|
Pharvaris BV
NASDAQ:PHVS
|
$1.82 Billion |
|
Parex Resources Inc
TO:PXT
|
$1.82 Billion |
|
Megaport Ltd
AU:MP1
|
$1.81 Billion |
|
Jiangsu Guotai International Group Guomao Co Ltd
SHE:002091
|
$1.81 Billion |
|
Taihai Manoir Nuclear Equipment Co Ltd
SHE:002366
|
$1.81 Billion |
|
Fagron NV
BR:FAGR
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KBC Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,177,859,035 to 3,924,250,233, a change of -1,253,608,802 (-24.2%).
- Net loss of 1,382,093,170 reduced equity.
- Dividend payments of 12,074,441 reduced retained earnings.
- Other comprehensive income decreased equity by 154,966,386.
- Other factors increased equity by 295,525,195.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.38 Billion | -35.22% |
| Dividends Paid | CN¥12.07 Million | -0.31% |
| Other Comprehensive Income | CN¥-154.97 Million | -3.95% |
| Other Changes | CN¥295.53 Million | +7.53% |
| Total Change | CN¥- | -24.21% |
Book Value vs Market Value Analysis
This analysis compares KBC Corporation 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: 3.11x
- 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 52.53x to 3.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.14 | CN¥59.75 | x |
| 2017-12-31 | CN¥1.47 | CN¥59.75 | x |
| 2018-12-31 | CN¥1.74 | CN¥59.75 | x |
| 2019-12-31 | CN¥2.07 | CN¥59.75 | x |
| 2020-12-31 | CN¥8.17 | CN¥59.75 | x |
| 2021-12-31 | CN¥10.63 | CN¥59.75 | x |
| 2022-12-31 | CN¥46.94 | CN¥59.75 | x |
| 2023-12-31 | CN¥29.32 | CN¥59.75 | x |
| 2024-12-31 | CN¥25.29 | CN¥59.75 | x |
| 2025-12-31 | CN¥19.22 | CN¥59.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KBC Corporation 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): -35.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -167.96%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 1.31x
- Recent ROE (-35.22%) is below the historical average (8.95%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.39% | 24.43% | 0.62x | 1.08x | CN¥8.05 Million |
| 2017 | 17.76% | 20.42% | 0.65x | 1.34x | CN¥12.65 Million |
| 2018 | 25.45% | 30.03% | 0.65x | 1.30x | CN¥32.73 Million |
| 2019 | 28.77% | 32.43% | 0.71x | 1.25x | CN¥50.67 Million |
| 2020 | 13.04% | 39.53% | 0.29x | 1.15x | CN¥39.31 Million |
| 2021 | 26.50% | 37.45% | 0.45x | 1.56x | CN¥311.99 Million |
| 2022 | 9.21% | 38.01% | 0.21x | 1.14x | CN¥-47.17 Million |
| 2023 | 3.34% | 18.89% | 0.15x | 1.18x | CN¥-403.33 Million |
| 2024 | -15.74% | -151.80% | 0.09x | 1.21x | CN¥-1.33 Billion |
| 2025 | -35.22% | -167.96% | 0.16x | 1.31x | CN¥-1.77 Billion |
Industry Comparison
This section compares KBC Corporation Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KBC Corporation Ltd (688598) | CN¥3.87 Billion | 16.39% | 0.34x | $1.81 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About KBC Corporation Ltd
KBC Corporation, Ltd. engages in the research and development, production, and sale of carbon-based composite materials and products in China and internationally. The company offers crucibles, guide tubes, insulation tubes, heaters, and other products. Its products are used in photovoltaic and semiconductor, lithium battery, hydrogen energy, carbon-ceramic, vacuum heat treatment metallurgy and hi… Read more