Fujian SBS Zipper Science Tech (002098) - Net Assets
Based on the latest financial reports, Fujian SBS Zipper Science Tech (002098) has net assets worth CN¥1.46 Billion CNY (≈ $213.88 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¥2.22 Billion ≈ $325.34 Million USD) and total liabilities (CN¥761.66 Million ≈ $111.46 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 asset resilience ratio of Fujian SBS Zipper Science Tech to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.46 Billion |
| % of Total Assets | 65.74% |
| Annual Growth Rate | 11.3% |
| 5-Year Change | 46.61% |
| 10-Year Change | 27.72% |
| Growth Volatility | 38.02 |
Fujian SBS Zipper Science Tech - Net Assets Trend (2003–2024)
This chart illustrates how Fujian SBS Zipper Science Tech's net assets have evolved over time, based on quarterly financial data. Also explore Fujian SBS Zipper Science Tech asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Fujian SBS Zipper Science Tech (2003–2024)
The table below shows the annual net assets of Fujian SBS Zipper Science Tech from 2003 to 2024. For live valuation and market cap data, see Fujian SBS Zipper Science Tech market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.33 Billion ≈ $194.66 Million |
+10.52% |
| 2023-12-31 | CN¥1.20 Billion ≈ $176.13 Million |
+10.29% |
| 2022-12-31 | CN¥1.09 Billion ≈ $159.70 Million |
+6.00% |
| 2021-12-31 | CN¥1.03 Billion ≈ $150.66 Million |
+13.47% |
| 2020-12-31 | CN¥907.36 Million ≈ $132.77 Million |
+25.79% |
| 2019-12-31 | CN¥721.33 Million ≈ $105.55 Million |
+4.78% |
| 2018-12-31 | CN¥688.41 Million ≈ $100.74 Million |
-50.52% |
| 2017-12-31 | CN¥1.39 Billion ≈ $203.60 Million |
+23.13% |
| 2016-12-31 | CN¥1.13 Billion ≈ $165.35 Million |
+8.49% |
| 2015-12-31 | CN¥1.04 Billion ≈ $152.41 Million |
+51.60% |
| 2014-12-31 | CN¥687.01 Million ≈ $100.53 Million |
+7.18% |
| 2013-12-31 | CN¥640.99 Million ≈ $93.80 Million |
+7.37% |
| 2012-12-31 | CN¥597.01 Million ≈ $87.36 Million |
-10.91% |
| 2011-12-31 | CN¥670.15 Million ≈ $98.06 Million |
+3.92% |
| 2010-12-31 | CN¥644.88 Million ≈ $94.37 Million |
+6.84% |
| 2009-12-31 | CN¥603.58 Million ≈ $88.32 Million |
+3.12% |
| 2008-12-31 | CN¥585.31 Million ≈ $85.65 Million |
-3.10% |
| 2007-12-31 | CN¥604.03 Million ≈ $88.39 Million |
+16.25% |
| 2006-12-31 | CN¥519.60 Million ≈ $76.03 Million |
+166.04% |
| 2005-12-31 | CN¥195.31 Million ≈ $28.58 Million |
+15.23% |
| 2004-12-31 | CN¥169.49 Million ≈ $24.80 Million |
+20.78% |
| 2003-12-31 | CN¥140.34 Million ≈ $20.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian SBS Zipper Science Tech'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 2622.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥537.93 Million | 40.65% |
| Common Stock | CN¥358.00 Million | 27.06% |
| Other Components | CN¥427.29 Million | 32.29% |
| Total Equity | CN¥1.32 Billion | 100.00% |
Fujian SBS Zipper Science Tech Competitors by Market Cap
The table below lists competitors of Fujian SBS Zipper Science Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Brait SE
JSE:BAT
|
$451.62 Million |
|
Shandong Longda Meat Foodstuff Co Ltd
SHE:002726
|
$451.64 Million |
|
Avax S.A
AT:AVAX
|
$451.64 Million |
|
Chung Hwa Pulp Corp
TW:1905
|
$451.69 Million |
|
Beijing Jingxi Culture&Tourism Co Ltd
SHE:000802
|
$451.51 Million |
|
Weltrend Semiconductor Inc
TW:2436
|
$451.46 Million |
|
FONDUL PRO.GDR REGS LN-85
F:FP4G
|
$451.42 Million |
|
Bank Tabungan Pensiunan Nasional Syariah PT
JK:BTPS
|
$451.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian SBS Zipper Science Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,146,509,496 to 1,323,221,145, a change of 176,711,649 (15.4%).
- Net income of 201,898,063 contributed positively to equity growth.
- Dividend payments of 47,484,819 reduced retained earnings.
- Other factors increased equity by 22,298,405.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥201.90 Million | +15.26% |
| Dividends Paid | CN¥47.48 Million | -3.59% |
| Other Changes | CN¥22.30 Million | +1.69% |
| Total Change | CN¥- | 15.41% |
Book Value vs Market Value Analysis
This analysis compares Fujian SBS Zipper Science Tech'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: 2.33x
- 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 13.42x to 2.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.64 | CN¥8.62 | x |
| 2004-12-31 | CN¥0.78 | CN¥8.62 | x |
| 2005-12-31 | CN¥0.90 | CN¥8.62 | x |
| 2006-12-31 | CN¥2.45 | CN¥8.62 | x |
| 2007-12-31 | CN¥1.76 | CN¥8.62 | x |
| 2008-12-31 | CN¥1.72 | CN¥8.62 | x |
| 2009-12-31 | CN¥1.77 | CN¥8.62 | x |
| 2010-12-31 | CN¥1.87 | CN¥8.62 | x |
| 2011-12-31 | CN¥2.01 | CN¥8.62 | x |
| 2012-12-31 | CN¥1.90 | CN¥8.62 | x |
| 2013-12-31 | CN¥2.06 | CN¥8.62 | x |
| 2014-12-31 | CN¥2.20 | CN¥8.62 | x |
| 2015-12-31 | CN¥3.33 | CN¥8.62 | x |
| 2016-12-31 | CN¥3.15 | CN¥8.62 | x |
| 2017-12-31 | CN¥3.43 | CN¥8.62 | x |
| 2018-12-31 | CN¥1.58 | CN¥8.62 | x |
| 2019-12-31 | CN¥1.73 | CN¥8.62 | x |
| 2020-12-31 | CN¥2.29 | CN¥8.62 | x |
| 2021-12-31 | CN¥2.64 | CN¥8.62 | x |
| 2022-12-31 | CN¥2.86 | CN¥8.62 | x |
| 2023-12-31 | CN¥3.20 | CN¥8.62 | x |
| 2024-12-31 | CN¥3.70 | CN¥8.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian SBS Zipper Science Tech 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): 15.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.68%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.59x
- Recent ROE (15.26%) is above the historical average (5.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.86% | 5.98% | 1.01x | 2.80x | CN¥8.57 Million |
| 2004 | 18.15% | 6.50% | 0.86x | 3.26x | CN¥12.41 Million |
| 2005 | 16.52% | 5.85% | 0.86x | 3.29x | CN¥11.47 Million |
| 2006 | 9.94% | 7.61% | 0.63x | 2.06x | CN¥-288.53K |
| 2007 | 11.94% | 7.53% | 0.72x | 2.22x | CN¥10.52 Million |
| 2008 | 3.93% | 2.43% | 0.70x | 2.32x | CN¥-32.31 Million |
| 2009 | 5.68% | 4.09% | 0.60x | 2.31x | CN¥-23.67 Million |
| 2010 | 9.11% | 5.27% | 0.76x | 2.28x | CN¥-5.19 Million |
| 2011 | 10.47% | 6.24% | 0.77x | 2.18x | CN¥2.92 Million |
| 2012 | 6.07% | 3.88% | 0.70x | 2.22x | CN¥-23.47 Million |
| 2013 | 9.46% | 6.02% | 0.76x | 2.06x | CN¥-3.49 Million |
| 2014 | 11.38% | 7.45% | 0.76x | 2.00x | CN¥9.50 Million |
| 2015 | 6.91% | 6.91% | 0.71x | 1.42x | CN¥-32.18 Million |
| 2016 | 10.49% | 10.08% | 0.80x | 1.29x | CN¥5.50 Million |
| 2017 | 9.61% | 6.32% | 0.58x | 2.60x | CN¥-4.77 Million |
| 2018 | -115.49% | -28.68% | 1.06x | 3.80x | CN¥-708.26 Million |
| 2019 | 5.17% | 1.67% | 0.94x | 3.30x | CN¥-29.93 Million |
| 2020 | 24.50% | 12.62% | 0.72x | 2.70x | CN¥118.74 Million |
| 2021 | 13.36% | 5.58% | 1.07x | 2.24x | CN¥31.75 Million |
| 2022 | 6.01% | 2.92% | 1.15x | 1.80x | CN¥-40.96 Million |
| 2023 | 10.52% | 5.87% | 1.10x | 1.62x | CN¥5.98 Million |
| 2024 | 15.26% | 7.68% | 1.25x | 1.59x | CN¥69.58 Million |
Industry Comparison
This section compares Fujian SBS Zipper Science Tech's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,230,427,713
- Average return on equity (ROE) among peers: 11.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian SBS Zipper Science Tech (002098) | CN¥1.46 Billion | 16.86% | 0.52x | $451.57 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.93 Billion | 16.67% | 0.63x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $70.14 Million | 21.92% | 1.16x | $1.15 Billion |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $662.92 Million | 18.54% | 0.85x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $148.47 Million | 4.94% | 4.53x | $625.02 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.39 Billion | 8.02% | 0.80x | $576.95 Million |
| Cedar Development Co Ltd (002485) | $1.97 Billion | 1.15% | 0.40x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.20 Billion | -1.08% | 0.39x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.49 Billion | 9.76% | 0.56x | $2.39 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $205.85 Million | 20.48% | 1.18x | $303.66 Million |
About Fujian SBS Zipper Science Tech
Fujian SBS Zipper Science&Technology Co., Ltd engages in the production and sale of zippers and accessories in China and internationally. It provides nylon, plastic, metal, recycle, and water-resistant zippers; sliders and pullers; long chains; precision molds; and metals and plastic pressing castings. The company also exports its products to approximately 90 countries. Fujian SBS Zipper Science&… Read more