Zhulian Corporation Bhd
Zhulian Corporation Berhad, an investment holding company, manufactures, markets, and trades consumer products in Malaysia, Thailand, Cambodia, and internationally. The company provides costume/fine fashion jewelry and accessories comprising rings, bracelets, necklaces, brooches, pendants, earrings, and bangles, as well as instant and Halal beverages under the ZHULIAN brand; food products; functi… Read more
Zhulian Corporation Bhd (5131) - Net Assets
Latest net assets as of May 2025: RM424.90 Million MYR
Based on the latest financial reports, Zhulian Corporation Bhd (5131) has net assets worth RM424.90 Million MYR as of May 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM457.83 Million) and total liabilities (RM32.93 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 | RM424.90 Million |
| % of Total Assets | 92.81% |
| Annual Growth Rate | -0.5% |
| 5-Year Change | -27.37% |
| 10-Year Change | -19.55% |
| Growth Volatility | 6.88 |
Zhulian Corporation Bhd - Net Assets Trend (2012–2024)
This chart illustrates how Zhulian Corporation Bhd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhulian Corporation Bhd (2012–2024)
The table below shows the annual net assets of Zhulian Corporation Bhd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-11-30 | RM425.58 Million | -7.88% |
| 2023-11-30 | RM461.99 Million | -8.43% |
| 2022-11-30 | RM504.55 Million | -6.87% |
| 2021-11-30 | RM541.76 Million | -7.54% |
| 2020-11-30 | RM585.97 Million | -4.66% |
| 2019-11-30 | RM614.59 Million | +3.30% |
| 2018-11-30 | RM594.97 Million | +2.48% |
| 2017-11-30 | RM580.55 Million | +4.81% |
| 2016-11-30 | RM553.92 Million | +4.71% |
| 2015-11-30 | RM529.00 Million | +9.52% |
| 2014-11-30 | RM483.00 Million | -4.36% |
| 2013-11-30 | RM505.00 Million | +11.73% |
| 2012-11-30 | RM452.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhulian Corporation Bhd'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 47.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (November 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | RM151.63 Million | 35.63% |
| Common Stock | RM230.00 Million | 54.04% |
| Other Components | RM43.95 Million | 10.33% |
| Total Equity | RM425.58 Million | 100.00% |
Zhulian Corporation Bhd Competitors by Market Cap
The table below lists competitors of Zhulian Corporation Bhd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mustang Energy Corp.
OTCQB:MECPF
|
$16.50 Million |
|
Nexam Chemical Holding AB
ST:NEXAM
|
$16.50 Million |
|
Kuantum Papers Limited
NSE:KUANTUM
|
$16.50 Million |
|
Red Moon Resources Inc
OTCQB:REMRF
|
$16.50 Million |
|
Bhagyanagar India Limited
NSE:BHAGYANGR
|
$16.48 Million |
|
Aroot Co. Ltd
KQ:096690
|
$16.48 Million |
|
Hydro Power JSC Power No3
VN:DRL
|
$16.48 Million |
|
WiseChip Semiconductor
TWO:5245
|
$16.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhulian Corporation Bhd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 461,993,000 to 425,583,000, a change of -36,410,000 (-7.9%).
- Net income of 23,442,000 contributed positively to equity growth.
- Dividend payments of 55,200,000 reduced retained earnings.
- Other factors decreased equity by 4,652,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | RM23.44 Million | +5.51% |
| Dividends Paid | RM55.20 Million | -12.97% |
| Other Changes | RM-4.65 Million | -1.09% |
| Total Change | RM- | -7.88% |
Book Value vs Market Value Analysis
This analysis compares Zhulian Corporation Bhd'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: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.70x to 0.91x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-11-30 | RM1.20 | RM0.84 | x |
| 2017-11-30 | RM1.26 | RM0.84 | x |
| 2018-11-30 | RM1.29 | RM0.84 | x |
| 2019-11-30 | RM1.34 | RM0.84 | x |
| 2020-11-30 | RM1.27 | RM0.84 | x |
| 2021-11-30 | RM1.18 | RM0.84 | x |
| 2022-11-30 | RM1.10 | RM0.84 | x |
| 2023-11-30 | RM1.00 | RM0.84 | x |
| 2024-11-30 | RM0.93 | RM0.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhulian Corporation Bhd 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): 5.51%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.58%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.09x
- Recent ROE (5.51%) is below the historical average (7.62%), 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 | 7.51% | 21.74% | 0.33x | 1.06x | RM-13.79 Million |
| 2017 | 9.10% | 25.68% | 0.33x | 1.07x | RM-5.24 Million |
| 2018 | 8.80% | 28.55% | 0.29x | 1.05x | RM-7.13 Million |
| 2019 | 8.06% | 29.02% | 0.26x | 1.07x | RM-11.94 Million |
| 2020 | 7.98% | 27.40% | 0.27x | 1.08x | RM-11.82 Million |
| 2021 | 7.69% | 27.83% | 0.26x | 1.07x | RM-12.54 Million |
| 2022 | 7.59% | 28.14% | 0.25x | 1.09x | RM-12.14 Million |
| 2023 | 6.33% | 22.09% | 0.26x | 1.09x | RM-16.96 Million |
| 2024 | 5.51% | 18.58% | 0.27x | 1.09x | RM-19.12 Million |
Industry Comparison
This section compares Zhulian Corporation Bhd's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $447,703,848
- Average return on equity (ROE) among peers: 12.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhulian Corporation Bhd (5131) | RM424.90 Million | 7.51% | 0.08x | $16.49 Million |
| YX Precious Metals Bhd (0250) | $122.44 Million | 12.63% | 0.34x | $2.49 Million |
| Poh Kong Holdings Bhd (5080) | $871.83 Million | 13.41% | 0.25x | $35.15 Million |
| Well Chip Group Berhad (5325) | $367.68 Million | 9.91% | 0.80x | $3.03K |
| Tomei Consolidated Bhd (7230) | $428.87 Million | 13.87% | 0.96x | $16.73 Million |