Hangzhou Kelin Electric Co. Ltd. A (688611) - Net Assets
Based on the latest financial reports, Hangzhou Kelin Electric Co. Ltd. A (688611) has net assets worth CN¥869.34 Million CNY (≈ $127.21 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¥1.08 Billion ≈ $157.79 Million USD) and total liabilities (CN¥208.95 Million ≈ $30.58 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 Hangzhou Kelin Electric Co. Ltd. A (688611) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥869.34 Million |
| % of Total Assets | 80.62% |
| Annual Growth Rate | 23.27% |
| 5-Year Change | 160.67% |
| 10-Year Change | 1811.5% |
| Growth Volatility | 48.97 |
Hangzhou Kelin Electric Co. Ltd. A - Net Assets Trend (2013–2024)
This chart illustrates how Hangzhou Kelin Electric Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore 688611 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Kelin Electric Co. Ltd. A (2013–2024)
The table below shows the annual net assets of Hangzhou Kelin Electric Co. Ltd. A from 2013 to 2024. For live valuation and market cap data, see 688611 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥900.87 Million ≈ $131.83 Million |
+6.82% |
| 2023-12-31 | CN¥843.34 Million ≈ $123.41 Million |
+3.48% |
| 2022-12-31 | CN¥814.95 Million ≈ $119.25 Million |
-2.69% |
| 2021-12-31 | CN¥837.44 Million ≈ $122.54 Million |
+142.32% |
| 2020-12-31 | CN¥345.60 Million ≈ $50.57 Million |
+44.12% |
| 2019-12-31 | CN¥239.79 Million ≈ $35.09 Million |
+59.55% |
| 2018-12-31 | CN¥150.29 Million ≈ $21.99 Million |
+19.25% |
| 2017-12-31 | CN¥126.03 Million ≈ $18.44 Million |
+81.65% |
| 2016-12-31 | CN¥69.38 Million ≈ $10.15 Million |
+47.22% |
| 2015-12-31 | CN¥47.13 Million ≈ $6.90 Million |
+15.52% |
| 2014-12-31 | CN¥40.80 Million ≈ $5.97 Million |
-54.78% |
| 2013-12-31 | CN¥90.22 Million ≈ $13.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Kelin Electric Co. Ltd. A'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 575.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥392.23 Million | 43.99% |
| Common Stock | CN¥109.56 Million | 12.29% |
| Other Components | CN¥389.90 Million | 43.73% |
| Total Equity | CN¥891.70 Million | 100.00% |
Hangzhou Kelin Electric Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Hangzhou Kelin Electric Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Piper Sandler Companies
NYSE:PIPR
|
$1.42 Billion |
|
Purecycle Technologies Holdings Corp
NASDAQ:PCT
|
$1.42 Billion |
|
Wuxi Boton Technology Co Ltd
SHE:300031
|
$1.42 Billion |
|
Shandong Laiwu Jinlei Wind Power Technology Co Ltd
SHE:300443
|
$1.42 Billion |
|
Aygaz AS
IS:AYGAZ
|
$1.42 Billion |
|
Starlake Bioscience Co Inc Zhaoqing Guangdong
SHG:600866
|
$1.41 Billion |
|
Jiangsu SOPO Chemical Co Ltd
SHG:600746
|
$1.41 Billion |
|
BH Macro Limited
LSE:BHMG
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Kelin Electric Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 843,286,339 to 891,695,374, a change of 48,409,035 (5.7%).
- Net income of 73,038,574 contributed positively to equity growth.
- Dividend payments of 20,164,291 reduced retained earnings.
- Other comprehensive income decreased equity by 44,194,539.
- Other factors increased equity by 39,729,291.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥73.04 Million | +8.19% |
| Dividends Paid | CN¥20.16 Million | -2.26% |
| Other Comprehensive Income | CN¥-44.19 Million | -4.96% |
| Other Changes | CN¥39.73 Million | +4.46% |
| Total Change | CN¥- | 5.74% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Kelin Electric Co. Ltd. A'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: 7.71x
- 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 22.83x to 7.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.76 | CN¥63.06 | x |
| 2014-12-31 | CN¥0.92 | CN¥63.06 | x |
| 2015-12-31 | CN¥1.56 | CN¥63.06 | x |
| 2016-12-31 | CN¥2.31 | CN¥63.06 | x |
| 2017-12-31 | CN¥2.29 | CN¥63.06 | x |
| 2018-12-31 | CN¥2.56 | CN¥63.06 | x |
| 2019-12-31 | CN¥3.06 | CN¥63.06 | x |
| 2020-12-31 | CN¥6.18 | CN¥63.06 | x |
| 2021-12-31 | CN¥14.98 | CN¥63.06 | x |
| 2022-12-31 | CN¥10.32 | CN¥63.06 | x |
| 2023-12-31 | CN¥10.78 | CN¥63.06 | x |
| 2024-12-31 | CN¥8.18 | CN¥63.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Kelin Electric Co. Ltd. A 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): 8.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.49%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.28x
- Recent ROE (8.19%) is below the historical average (24.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 36.20% | 31.78% | 0.73x | 1.55x | CN¥23.64 Million |
| 2014 | 25.55% | 23.33% | 0.47x | 2.34x | CN¥6.34 Million |
| 2015 | 13.44% | 11.18% | 0.74x | 1.62x | CN¥1.62 Million |
| 2016 | 32.07% | 30.88% | 0.67x | 1.55x | CN¥15.31 Million |
| 2017 | 34.97% | 38.81% | 0.69x | 1.31x | CN¥31.47 Million |
| 2018 | 46.08% | 42.67% | 0.54x | 1.98x | CN¥54.23 Million |
| 2019 | 37.33% | 44.61% | 0.58x | 1.45x | CN¥65.52 Million |
| 2020 | 30.61% | 44.62% | 0.56x | 1.24x | CN¥71.25 Million |
| 2021 | 12.02% | 41.41% | 0.27x | 1.09x | CN¥16.90 Million |
| 2022 | 6.99% | 30.00% | 0.22x | 1.08x | CN¥-24.50 Million |
| 2023 | 5.60% | 23.39% | 0.21x | 1.11x | CN¥-37.12 Million |
| 2024 | 8.19% | 13.49% | 0.47x | 1.28x | CN¥-16.13 Million |
Industry Comparison
This section compares Hangzhou Kelin Electric Co. Ltd. A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Kelin Electric Co. Ltd. A (688611) | CN¥869.34 Million | 36.20% | 0.24x | $1.42 Billion |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Hangzhou Kelin Electric Co. Ltd. A
Hangzhou Kelin Electric Co., Ltd. engages in the research, development, production, and sale of electric power products in China. The company offers smart grid systems including series laser-acoustic acetylene rapid detection system, transformer vibration monitoring system, cable monitoring and early warning system, digital twin substation system, distributed fault location system, insulating oil… Read more