Shandong Kehui Power Automation Co Ltd (688681) - Net Assets
Based on the latest financial reports, Shandong Kehui Power Automation Co Ltd (688681) has net assets worth CN¥605.99 Million CNY (≈ $88.68 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¥871.46 Million ≈ $127.52 Million USD) and total liabilities (CN¥265.47 Million ≈ $38.85 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 688681 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥605.99 Million |
| % of Total Assets | 69.54% |
| Annual Growth Rate | 16.18% |
| 5-Year Change | 70.41% |
| 10-Year Change | 211.64% |
| Growth Volatility | 24.1 |
Shandong Kehui Power Automation Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shandong Kehui Power Automation Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shandong Kehui Power Automation Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Shandong Kehui Power Automation Co Ltd (2012–2024)
The table below shows the annual net assets of Shandong Kehui Power Automation Co Ltd from 2012 to 2024. For live valuation and market cap data, see market cap of Shandong Kehui Power Automation Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥576.89 Million ≈ $84.42 Million |
+0.78% |
| 2023-12-31 | CN¥572.45 Million ≈ $83.77 Million |
+0.47% |
| 2022-12-31 | CN¥569.79 Million ≈ $83.38 Million |
-2.60% |
| 2021-12-31 | CN¥584.98 Million ≈ $85.60 Million |
+72.80% |
| 2020-12-31 | CN¥338.53 Million ≈ $49.54 Million |
+15.72% |
| 2019-12-31 | CN¥292.54 Million ≈ $42.81 Million |
+12.55% |
| 2018-12-31 | CN¥259.92 Million ≈ $38.03 Million |
+3.43% |
| 2017-12-31 | CN¥251.31 Million ≈ $36.77 Million |
+20.40% |
| 2016-12-31 | CN¥208.73 Million ≈ $30.54 Million |
+12.76% |
| 2015-12-31 | CN¥185.12 Million ≈ $27.09 Million |
+62.44% |
| 2014-12-31 | CN¥113.96 Million ≈ $16.68 Million |
+27.61% |
| 2013-12-31 | CN¥89.30 Million ≈ $13.07 Million |
-6.36% |
| 2012-12-31 | CN¥95.37 Million ≈ $13.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Kehui Power Automation 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 1301.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥181.19 Million | 31.46% |
| Common Stock | CN¥104.67 Million | 18.17% |
| Other Comprehensive Income | CN¥46.23 Million | 8.03% |
| Other Components | CN¥243.91 Million | 42.35% |
| Total Equity | CN¥576.00 Million | 100.00% |
Shandong Kehui Power Automation Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Kehui Power Automation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tang Eng Iron Works Co Ltd
TWO:2035
|
$312.06 Million |
|
Eaton Vance Senior Floating Rate Closed Fund
NYSE:EFR
|
$312.06 Million |
|
Marie Brizard Wine & Spirits
PA:MBWS
|
$312.08 Million |
|
DEE Development Eng Ltd
NSE:DEEDEV
|
$312.36 Million |
|
Tien Phong Securities Corp
VN:ORS
|
$311.73 Million |
|
Hubtown Limited
NSE:HUBTOWN
|
$311.69 Million |
|
Dentium
KO:145720
|
$311.50 Million |
|
LB Foster Company
NASDAQ:FSTR
|
$311.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Kehui Power Automation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 569,803,333 to 575,997,075, a change of 6,193,742 (1.1%).
- Net income of 30,497,303 contributed positively to equity growth.
- Dividend payments of 15,955,556 reduced retained earnings.
- Share repurchases of 11,862,277 reduced equity.
- Other comprehensive income increased equity by 7,298,739.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥30.50 Million | +5.29% |
| Dividends Paid | CN¥15.96 Million | -2.77% |
| Share Repurchases | CN¥11.86 Million | -2.06% |
| Other Comprehensive Income | CN¥7.30 Million | +1.27% |
| Other Changes | CN¥-3.78 Million | -0.66% |
| Total Change | CN¥- | 1.09% |
Book Value vs Market Value Analysis
This analysis compares Shandong Kehui Power Automation 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: 3.72x
- 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 12.91x to 3.72x 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¥1.58 | CN¥20.37 | x |
| 2013-12-31 | CN¥1.47 | CN¥20.37 | x |
| 2014-12-31 | CN¥1.91 | CN¥20.37 | x |
| 2015-12-31 | CN¥2.49 | CN¥20.37 | x |
| 2016-12-31 | CN¥2.77 | CN¥20.37 | x |
| 2017-12-31 | CN¥3.32 | CN¥20.37 | x |
| 2018-12-31 | CN¥3.36 | CN¥20.37 | x |
| 2019-12-31 | CN¥3.69 | CN¥20.37 | x |
| 2020-12-31 | CN¥4.28 | CN¥20.37 | x |
| 2021-12-31 | CN¥6.43 | CN¥20.37 | x |
| 2022-12-31 | CN¥5.33 | CN¥20.37 | x |
| 2023-12-31 | CN¥5.38 | CN¥20.37 | x |
| 2024-12-31 | CN¥5.48 | CN¥20.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Kehui Power Automation 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): 5.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.26%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.40x
- Recent ROE (5.29%) is below the historical average (10.65%), 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 | 12.68% | 8.54% | 0.61x | 2.44x | CN¥2.55 Million |
| 2013 | 16.37% | 8.15% | 0.94x | 2.15x | CN¥5.69 Million |
| 2014 | 21.48% | 12.47% | 0.86x | 2.00x | CN¥13.08 Million |
| 2015 | 8.43% | 8.13% | 0.66x | 1.58x | CN¥-2.81 Million |
| 2016 | 15.88% | 15.02% | 0.66x | 1.61x | CN¥11.95 Million |
| 2017 | 10.84% | 11.61% | 0.56x | 1.66x | CN¥2.12 Million |
| 2018 | 6.84% | 7.23% | 0.56x | 1.68x | CN¥-8.23 Million |
| 2019 | 14.08% | 13.80% | 0.61x | 1.69x | CN¥11.93 Million |
| 2020 | 16.34% | 16.62% | 0.62x | 1.59x | CN¥21.47 Million |
| 2021 | 9.34% | 14.79% | 0.48x | 1.32x | CN¥-3.88 Million |
| 2022 | -1.31% | -2.40% | 0.40x | 1.38x | CN¥-64.04 Million |
| 2023 | 2.23% | 3.70% | 0.46x | 1.31x | CN¥-44.26 Million |
| 2024 | 5.29% | 7.26% | 0.52x | 1.40x | CN¥-27.10 Million |
Industry Comparison
This section compares Shandong Kehui Power Automation Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Kehui Power Automation Co Ltd (688681) | CN¥605.99 Million | 12.68% | 0.44x | $312.00 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Shandong Kehui Power Automation Co Ltd
Shandong Kehui Power Automation Co.,Ltd. develops and sells cable and transmission line fault locators in China and internationally. It offers power cable fault test systems, transmission line fault monitoring, power distribution automation, railway power automation, and switched reluctance motors. The company was founded in 1991 and is headquartered in Zibo, China.