Xinxiang Chemical Fiber Co Ltd

SHE:000949 China Textile Manufacturing
Market Cap
$1.62 Billion
CN¥11.88 Billion CNY
Market Cap Rank
#6821 Global
#1099 in China
Share Price
CN¥7.17
Change (1 day)
-1.51%
52-Week Range
CN¥3.77 - CN¥7.69
All Time High
CN¥8.53
Categories
Companies in China Textile Manufacturing
About

Xinxiang Chemical Fiber Co., Ltd. produces and sells chemical fiber products in China. The company's products include biomass cellulose filaments and spandex fibers. It also provides high-grade fabrics, such as clothing fabrics, linings, and computer embroidery threads which is used in medical and industrial fields. In addition, the company engages in manufacturing, dyeing and finishing of cellul… Read more

Xinxiang Chemical Fiber Co Ltd (000949) - Net Assets

Latest net assets as of September 2025: CN¥6.63 Billion CNY

Based on the latest financial reports, Xinxiang Chemical Fiber Co Ltd (000949) has net assets worth CN¥6.63 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¥13.36 Billion) and total liabilities (CN¥6.74 Billion). 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¥6.63 Billion
% of Total Assets 49.58%
Annual Growth Rate 15.23%
5-Year Change 70.32%
10-Year Change 160.52%
Growth Volatility 49.47

Xinxiang Chemical Fiber Co Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Xinxiang Chemical Fiber 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 Xinxiang Chemical Fiber Co Ltd (1996–2024)

The table below shows the annual net assets of Xinxiang Chemical Fiber Co Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥6.56 Billion +20.35%
2023-12-31 CN¥5.45 Billion -1.15%
2022-12-31 CN¥5.51 Billion -11.18%
2021-12-31 CN¥6.20 Billion +61.18%
2020-12-31 CN¥3.85 Billion +1.91%
2019-12-31 CN¥3.78 Billion +3.01%
2018-12-31 CN¥3.67 Billion +2.83%
2017-12-31 CN¥3.57 Billion -0.20%
2016-12-31 CN¥3.57 Billion +41.99%
2015-12-31 CN¥2.52 Billion +4.46%
2014-12-31 CN¥2.41 Billion +39.06%
2013-12-31 CN¥1.73 Billion +1.78%
2012-12-31 CN¥1.70 Billion -7.59%
2011-12-31 CN¥1.84 Billion -1.71%
2010-12-31 CN¥1.87 Billion +31.72%
2009-12-31 CN¥1.42 Billion +7.53%
2008-12-31 CN¥1.32 Billion -18.28%
2007-12-31 CN¥1.62 Billion +19.42%
2006-12-31 CN¥1.36 Billion +6.14%
2005-12-31 CN¥1.28 Billion -2.59%
2004-12-31 CN¥1.31 Billion +5.04%
2003-12-31 CN¥1.25 Billion +18.63%
2002-12-31 CN¥1.05 Billion +4.95%
2001-12-31 CN¥1.00 Billion +4.42%
2000-12-31 CN¥960.13 Million +8.35%
1999-12-31 CN¥886.10 Million +232.55%
1998-12-31 CN¥266.46 Million -6.78%
1997-12-31 CN¥285.85 Million +130.89%
1996-12-31 CN¥123.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xinxiang Chemical Fiber 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 146175422500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.46 Billion 22.50%
Common Stock CN¥1.70 Billion 26.17%
Other Components CN¥3.34 Billion 51.33%
Total Equity CN¥6.50 Billion 100.00%

Xinxiang Chemical Fiber Co Ltd Competitors by Market Cap

The table below lists competitors of Xinxiang Chemical Fiber Co Ltd ranked by their market capitalization.

Company Market Cap
Winmark Corporation
NASDAQ:WINA
 		$1.13 Billion
Dottikon Es Holding AG
SW:DESN
 		$1.13 Billion
Suzhou Jinhong Gas Co Ltd
SHG:688106
 		$1.14 Billion
PT Indofood CBP Sukses Makmur Tbk
OTCGREY:PNDFF
 		$1.14 Billion
Riyue Heavy Industry Co Ltd
SHG:603218
 		$1.13 Billion
Guangdong Shenglu Telecommunication Tech Co Ltd
SHE:002446
 		$1.13 Billion
GuoChuang Software Co Ltd
SHE:300520
 		$1.13 Billion
Hefei Metalforming Mach Tool
SHG:603011
 		$1.13 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xinxiang Chemical Fiber Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,447,087,048 to 6,497,551,389, a change of 1,050,464,341 (19.3%).
  • Net income of 245,552,517 contributed positively to equity growth.
  • Dividend payments of 198,787,608 reduced retained earnings.
  • Other comprehensive income decreased equity by 475,981,927.
  • Other factors increased equity by 1,479,681,359.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥245.55 Million +3.78%
Dividends Paid CN¥198.79 Million -3.06%
Other Comprehensive Income CN¥-475.98 Million -7.33%
Other Changes CN¥1.48 Billion +22.77%
Total Change CN¥- 19.28%

Book Value vs Market Value Analysis

This analysis compares Xinxiang Chemical Fiber 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: 1.72x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 44.32x to 1.72x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.16 CN¥7.17 x
1997-12-31 CN¥0.37 CN¥7.17 x
1998-12-31 CN¥0.35 CN¥7.17 x
1999-12-31 CN¥1.16 CN¥7.17 x
2000-12-31 CN¥1.25 CN¥7.17 x
2001-12-31 CN¥1.31 CN¥7.17 x
2002-12-31 CN¥1.37 CN¥7.17 x
2003-12-31 CN¥1.63 CN¥7.17 x
2004-12-31 CN¥1.71 CN¥7.17 x
2005-12-31 CN¥1.67 CN¥7.17 x
2006-12-31 CN¥1.77 CN¥7.17 x
2007-12-31 CN¥2.12 CN¥7.17 x
2008-12-31 CN¥1.73 CN¥7.17 x
2009-12-31 CN¥1.86 CN¥7.17 x
2010-12-31 CN¥3.01 CN¥7.17 x
2011-12-31 CN¥2.23 CN¥7.17 x
2012-12-31 CN¥2.05 CN¥7.17 x
2013-12-31 CN¥2.09 CN¥7.17 x
2014-12-31 CN¥2.69 CN¥7.17 x
2015-12-31 CN¥2.44 CN¥7.17 x
2016-12-31 CN¥3.29 CN¥7.17 x
2017-12-31 CN¥2.83 CN¥7.17 x
2018-12-31 CN¥2.91 CN¥7.17 x
2019-12-31 CN¥3.00 CN¥7.17 x
2020-12-31 CN¥3.06 CN¥7.17 x
2021-12-31 CN¥4.55 CN¥7.17 x
2022-12-31 CN¥3.86 CN¥7.17 x
2023-12-31 CN¥3.82 CN¥7.17 x
2024-12-31 CN¥4.16 CN¥7.17 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xinxiang Chemical Fiber 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): 3.78%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.33%
  • • Asset Turnover: 0.56x
  • • Equity Multiplier: 2.01x
  • Recent ROE (3.78%) is below the historical average (6.78%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 28.04% 12.34% 1.00x 2.26x CN¥22.34 Million
1997 34.90% 15.05% 1.33x 1.74x CN¥71.17 Million
1998 30.48% 14.39% 1.15x 1.85x CN¥54.58 Million
1999 10.03% 15.19% 0.56x 1.18x CN¥258.95K
2000 10.49% 15.83% 0.52x 1.27x CN¥4.68 Million
2001 3.22% 4.42% 0.57x 1.28x CN¥-67.96 Million
2002 6.87% 8.99% 0.50x 1.52x CN¥-32.91 Million
2003 15.47% 17.93% 0.50x 1.72x CN¥68.28 Million
2004 8.54% 8.00% 0.44x 2.44x CN¥-19.15 Million
2005 0.64% 0.56% 0.44x 2.58x CN¥-119.56 Million
2006 5.36% 3.43% 0.67x 2.33x CN¥-62.84 Million
2007 16.10% 9.91% 0.72x 2.25x CN¥98.69 Million
2008 -21.68% -14.05% 0.60x 2.59x CN¥-419.10 Million
2009 7.00% 4.11% 0.63x 2.71x CN¥-42.65 Million
2010 7.82% 4.11% 0.80x 2.38x CN¥-40.93 Million
2011 0.34% 0.16% 0.83x 2.58x CN¥-177.99 Million
2012 -8.21% -4.10% 0.77x 2.60x CN¥-309.96 Million
2013 1.75% 0.93% 0.76x 2.49x CN¥-142.91 Million
2014 3.77% 3.19% 0.64x 1.86x CN¥-149.75 Million
2015 5.51% 4.51% 0.62x 1.98x CN¥-112.76 Million
2016 3.22% 3.13% 0.65x 1.60x CN¥-241.72 Million
2017 0.85% 0.74% 0.63x 1.82x CN¥-325.72 Million
2018 3.09% 2.51% 0.57x 2.15x CN¥-253.03 Million
2019 3.43% 2.70% 0.59x 2.15x CN¥-248.13 Million
2020 2.17% 1.87% 0.51x 2.28x CN¥-301.21 Million
2021 22.31% 15.68% 0.78x 1.81x CN¥763.85 Million
2022 -7.89% -5.97% 0.65x 2.03x CN¥-985.64 Million
2023 -0.77% -0.57% 0.62x 2.20x CN¥-586.86 Million
2024 3.78% 3.33% 0.56x 2.01x CN¥-404.20 Million

Industry Comparison

This section compares Xinxiang Chemical Fiber Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

  • Industry: Textile Manufacturing
  • Average net assets among peers: $2,500,211,250
  • Average return on equity (ROE) among peers: 8.67%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xinxiang Chemical Fiber Co Ltd (000949) CN¥6.63 Billion 28.04% 1.02x $1.13 Billion
Shenzhen Textile Holdings Co Ltd (000045) $2.17 Billion 0.39% 0.37x $452.68 Million
Shijiazhuang Changshan Textile Co Ltd (000158) $1.19 Billion 7.88% 0.59x $2.85 Billion
Jilin Chemical Fibre Co Ltd (000420) $4.36 Billion 0.74% 1.45x $1.24 Billion
Lu Thai Textile Co Ltd (000726) $7.02 Billion 13.66% 0.23x $567.55 Million
Anhui Huamao Textile Co Ltd (000850) $2.47 Billion 12.33% 1.57x $323.37 Million
Xinlong Holding Group Co Ltd (000955) $642.48 Million -17.63% 0.77x $282.25 Million
Jiiangsu Times Textile Technology Co.LTD (001234) $263.70 Million 37.38% 0.88x $109.12 Million
Anhui Guqi Down & Feather (001390) $913.70 Million 18.41% 0.55x $29.70K
Huafu Top Dyed Melange Yarn Co Ltd (002042) $3.47 Billion 4.86% 1.55x $581.04 Million