Huafu Top Dyed Melange Yarn Co Ltd (002042) - Net Assets
Based on the latest financial reports, Huafu Top Dyed Melange Yarn Co Ltd (002042) has net assets worth CN¥6.08 Billion CNY (≈ $889.04 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¥16.51 Billion ≈ $2.42 Billion USD) and total liabilities (CN¥10.44 Billion ≈ $1.53 Billion 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 002042 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.08 Billion |
| % of Total Assets | 36.8% |
| Annual Growth Rate | 19.03% |
| 5-Year Change | 1.41% |
| 10-Year Change | 62.15% |
| Growth Volatility | 102.69 |
Huafu Top Dyed Melange Yarn Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how Huafu Top Dyed Melange Yarn Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Huafu Top Dyed Melange Yarn Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Huafu Top Dyed Melange Yarn Co Ltd (2002–2024)
The table below shows the annual net assets of Huafu Top Dyed Melange Yarn Co Ltd from 2002 to 2024. For live valuation and market cap data, see 002042 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.07 Billion ≈ $888.82 Million |
-5.81% |
| 2023-12-31 | CN¥6.45 Billion ≈ $943.62 Million |
-4.87% |
| 2022-12-31 | CN¥6.78 Billion ≈ $991.93 Million |
-9.96% |
| 2021-12-31 | CN¥7.53 Billion ≈ $1.10 Billion |
+25.69% |
| 2020-12-31 | CN¥5.99 Billion ≈ $876.49 Million |
-10.33% |
| 2019-12-31 | CN¥6.68 Billion ≈ $977.44 Million |
-8.42% |
| 2018-12-31 | CN¥7.29 Billion ≈ $1.07 Billion |
+0.74% |
| 2017-12-31 | CN¥7.24 Billion ≈ $1.06 Billion |
+70.95% |
| 2016-12-31 | CN¥4.24 Billion ≈ $619.72 Million |
+13.06% |
| 2015-12-31 | CN¥3.75 Billion ≈ $548.14 Million |
+7.96% |
| 2014-12-31 | CN¥3.47 Billion ≈ $507.72 Million |
+4.53% |
| 2013-12-31 | CN¥3.32 Billion ≈ $485.73 Million |
+6.51% |
| 2012-12-31 | CN¥3.12 Billion ≈ $456.02 Million |
+1.29% |
| 2011-12-31 | CN¥3.08 Billion ≈ $450.20 Million |
+16.74% |
| 2010-12-31 | CN¥2.64 Billion ≈ $385.64 Million |
+105.86% |
| 2009-12-31 | CN¥1.28 Billion ≈ $187.33 Million |
+484.04% |
| 2008-12-31 | CN¥219.20 Million ≈ $32.08 Million |
+0.53% |
| 2007-12-31 | CN¥218.05 Million ≈ $31.91 Million |
-21.25% |
| 2006-12-31 | CN¥276.88 Million ≈ $40.52 Million |
-2.52% |
| 2005-12-31 | CN¥284.04 Million ≈ $41.56 Million |
+80.63% |
| 2004-12-31 | CN¥157.25 Million ≈ $23.01 Million |
+12.65% |
| 2003-12-31 | CN¥139.60 Million ≈ $20.43 Million |
+6.25% |
| 2002-12-31 | CN¥131.39 Million ≈ $19.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huafu Top Dyed Melange Yarn 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 4706.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.42 Billion | 24.48% |
| Common Stock | CN¥1.70 Billion | 29.41% |
| Other Components | CN¥2.67 Billion | 46.11% |
| Total Equity | CN¥5.78 Billion | 100.00% |
Huafu Top Dyed Melange Yarn Co Ltd Competitors by Market Cap
The table below lists competitors of Huafu Top Dyed Melange Yarn Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Crun Co Ltd
SHE:002272
|
$1.23 Billion |
|
Black Box Limited
NSE:BBOX
|
$1.23 Billion |
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
$1.23 Billion |
|
Adriatic Metals Plc
F:3FN
|
$1.23 Billion |
|
Shanghai Smith Adhesive New
SHG:603683
|
$1.23 Billion |
|
Heidrick & Struggles International
NASDAQ:HSII
|
$1.23 Billion |
|
Guomai Technologies Inc
SHE:002093
|
$1.23 Billion |
|
Carter’s Inc
NYSE:CRI
|
$1.23 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huafu Top Dyed Melange Yarn Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,156,565,539 to 5,782,918,783, a change of -373,646,756 (-6.1%).
- Net loss of 207,764,967 reduced equity.
- Dividend payments of 293,237,099 reduced retained earnings.
- Share repurchases of 100,033,114 reduced equity.
- Other factors increased equity by 227,388,424.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-207.76 Million | -3.59% |
| Dividends Paid | CN¥293.24 Million | -5.07% |
| Share Repurchases | CN¥100.03 Million | -1.73% |
| Other Changes | CN¥227.39 Million | +3.93% |
| Total Change | CN¥- | -6.07% |
Book Value vs Market Value Analysis
This analysis compares Huafu Top Dyed Melange Yarn 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: 1.48x
- 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 1.70x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CN¥2.90 | CN¥4.93 | x |
| 2003-12-31 | CN¥3.11 | CN¥4.93 | x |
| 2004-12-31 | CN¥0.36 | CN¥4.93 | x |
| 2005-12-31 | CN¥0.65 | CN¥4.93 | x |
| 2006-12-31 | CN¥0.62 | CN¥4.93 | x |
| 2007-12-31 | CN¥0.47 | CN¥4.93 | x |
| 2008-12-31 | CN¥0.19 | CN¥4.93 | x |
| 2009-12-31 | CN¥1.18 | CN¥4.93 | x |
| 2010-12-31 | CN¥2.43 | CN¥4.93 | x |
| 2011-12-31 | CN¥2.40 | CN¥4.93 | x |
| 2012-12-31 | CN¥2.45 | CN¥4.93 | x |
| 2013-12-31 | CN¥2.59 | CN¥4.93 | x |
| 2014-12-31 | CN¥2.69 | CN¥4.93 | x |
| 2015-12-31 | CN¥2.90 | CN¥4.93 | x |
| 2016-12-31 | CN¥3.16 | CN¥4.93 | x |
| 2017-12-31 | CN¥4.49 | CN¥4.93 | x |
| 2018-12-31 | CN¥4.63 | CN¥4.93 | x |
| 2019-12-31 | CN¥4.42 | CN¥4.93 | x |
| 2020-12-31 | CN¥3.94 | CN¥4.93 | x |
| 2021-12-31 | CN¥4.67 | CN¥4.93 | x |
| 2022-12-31 | CN¥3.73 | CN¥4.93 | x |
| 2023-12-31 | CN¥3.69 | CN¥4.93 | x |
| 2024-12-31 | CN¥3.34 | CN¥4.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huafu Top Dyed Melange Yarn 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): -3.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.93%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.97x
- Recent ROE (-3.59%) is below the historical average (4.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 15.51% | 5.97% | 1.00x | 2.61x | CN¥6.87 Million |
| 2003 | 15.76% | 5.79% | 0.89x | 3.07x | CN¥7.71 Million |
| 2004 | 11.47% | 4.16% | 0.88x | 3.14x | CN¥2.21 Million |
| 2005 | 2.12% | 1.38% | 0.74x | 2.07x | CN¥-21.86 Million |
| 2006 | 0.28% | 0.16% | 0.90x | 1.97x | CN¥-26.24 Million |
| 2007 | -27.42% | -13.47% | 1.01x | 2.01x | CN¥-79.31 Million |
| 2008 | 1.17% | 1.08% | 0.55x | 1.98x | CN¥-18.94 Million |
| 2009 | 11.63% | 4.58% | 0.79x | 3.22x | CN¥20.55 Million |
| 2010 | 14.24% | 7.76% | 0.80x | 2.29x | CN¥110.53 Million |
| 2011 | 13.63% | 7.97% | 0.68x | 2.51x | CN¥108.29 Million |
| 2012 | 3.00% | 1.58% | 0.72x | 2.65x | CN¥-211.83 Million |
| 2013 | 6.18% | 3.21% | 0.79x | 2.44x | CN¥-123.92 Million |
| 2014 | 4.96% | 2.75% | 0.69x | 2.61x | CN¥-170.88 Million |
| 2015 | 9.19% | 4.94% | 0.72x | 2.57x | CN¥-29.79 Million |
| 2016 | 12.01% | 5.42% | 0.80x | 2.76x | CN¥80.29 Million |
| 2017 | 9.84% | 5.38% | 0.79x | 2.33x | CN¥-10.93 Million |
| 2018 | 10.79% | 5.22% | 0.77x | 2.67x | CN¥54.59 Million |
| 2019 | 6.38% | 2.53% | 0.87x | 2.91x | CN¥-227.78 Million |
| 2020 | -7.90% | -3.12% | 0.81x | 3.13x | CN¥-1.01 Billion |
| 2021 | 8.13% | 3.41% | 0.83x | 2.87x | CN¥-131.18 Million |
| 2022 | -5.57% | -2.42% | 0.80x | 2.88x | CN¥-979.58 Million |
| 2023 | 1.08% | 0.49% | 0.80x | 2.77x | CN¥-548.87 Million |
| 2024 | -3.59% | -1.93% | 0.63x | 2.97x | CN¥-786.06 Million |
Industry Comparison
This section compares Huafu Top Dyed Melange Yarn Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,030,752,133
- Average return on equity (ROE) among peers: 3.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | CN¥6.08 Billion | 15.51% | 1.72x | $1.23 Billion |
| Shenzhen Textile Holdings Co Ltd (000045) | $493.25 Million | 7.71% | 0.63x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.33 Billion | 3.23% | 0.84x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $3.11 Billion | -7.50% | 1.79x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $1.28 Billion | 8.92% | 0.16x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.47 Billion | 3.10% | 0.66x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.87 Billion | 7.82% | 1.38x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $202.80 Million | -14.16% | 2.29x | $409.68 Million |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.10 Billion | 6.35% | 0.32x | $368.59 Million |
About Huafu Top Dyed Melange Yarn Co Ltd
Huafu Fashion Co., Ltd. manufactures and supplies colored yarns in China and internationally. It offers middle and high-class color spun yarns, semi-worsted color yarns, vortex spun color yarns, rotor spun color yarns, high-class new-type grey yarns and dyed yarns. It also provides value-added services, such as fashion trends, certification of raw materials and products, hanging of tags, and tech… Read more