Zhejiang Baoxiniao Garment Co Ltd (002154) - Net Assets
Based on the latest financial reports, Zhejiang Baoxiniao Garment Co Ltd (002154) has net assets worth CN¥4.66 Billion CNY (≈ $681.41 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¥6.92 Billion ≈ $1.01 Billion USD) and total liabilities (CN¥2.26 Billion ≈ $331.40 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 how resilient are Zhejiang Baoxiniao Garment Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.66 Billion |
| % of Total Assets | 67.28% |
| Annual Growth Rate | 19.85% |
| 5-Year Change | 35.48% |
| 10-Year Change | 60.91% |
| Growth Volatility | 49.54 |
Zhejiang Baoxiniao Garment Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Zhejiang Baoxiniao Garment Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang Baoxiniao Garment Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Baoxiniao Garment Co Ltd (2004–2024)
The table below shows the annual net assets of Zhejiang Baoxiniao Garment Co Ltd from 2004 to 2024. For live valuation and market cap data, see 002154 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.50 Billion ≈ $658.66 Million |
+0.69% |
| 2023-12-31 | CN¥4.47 Billion ≈ $654.15 Million |
+10.41% |
| 2022-12-31 | CN¥4.05 Billion ≈ $592.47 Million |
-5.09% |
| 2021-12-31 | CN¥4.27 Billion ≈ $624.27 Million |
+28.41% |
| 2020-12-31 | CN¥3.32 Billion ≈ $486.16 Million |
+14.89% |
| 2019-12-31 | CN¥2.89 Billion ≈ $423.16 Million |
+3.59% |
| 2018-12-31 | CN¥2.79 Billion ≈ $408.50 Million |
+10.48% |
| 2017-12-31 | CN¥2.53 Billion ≈ $369.77 Million |
+5.35% |
| 2016-12-31 | CN¥2.40 Billion ≈ $350.98 Million |
-14.25% |
| 2015-12-31 | CN¥2.80 Billion ≈ $409.33 Million |
+2.59% |
| 2014-12-31 | CN¥2.73 Billion ≈ $398.98 Million |
+3.86% |
| 2013-12-31 | CN¥2.63 Billion ≈ $384.16 Million |
-0.37% |
| 2012-12-31 | CN¥2.64 Billion ≈ $385.61 Million |
+20.55% |
| 2011-12-31 | CN¥2.19 Billion ≈ $319.88 Million |
+17.24% |
| 2010-12-31 | CN¥1.86 Billion ≈ $272.83 Million |
+16.82% |
| 2009-12-31 | CN¥1.60 Billion ≈ $233.56 Million |
+140.77% |
| 2008-12-31 | CN¥662.92 Million ≈ $97.01 Million |
+23.39% |
| 2007-12-31 | CN¥537.26 Million ≈ $78.62 Million |
+196.81% |
| 2006-12-31 | CN¥181.01 Million ≈ $26.49 Million |
+20.06% |
| 2005-12-31 | CN¥150.77 Million ≈ $22.06 Million |
+25.23% |
| 2004-12-31 | CN¥120.40 Million ≈ $17.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Baoxiniao Garment 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 3353.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.76 Billion | 40.31% |
| Common Stock | CN¥1.46 Billion | 33.40% |
| Other Comprehensive Income | CN¥570.77 Million | 13.06% |
| Other Components | CN¥578.28 Million | 13.23% |
| Total Equity | CN¥4.37 Billion | 100.00% |
Zhejiang Baoxiniao Garment Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Baoxiniao Garment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Xunjiexing Technology Corp. Ltd.
SHG:688655
|
$888.71 Million |
|
Ncs Testing Technology Co Ltd
SHE:300797
|
$888.80 Million |
|
Central Pacific Financial Corp
NYSE:CPF
|
$888.84 Million |
|
Shouyao Holdings (Beijing) Co. Ltd. A
SHG:688197
|
$888.99 Million |
|
Shenzhen JT Automation Equipment Co Ltd
SHE:300400
|
$888.30 Million |
|
Apacer Technology Inc
TW:8271
|
$888.09 Million |
|
ChemoMetec A/S
CO:CHEMM
|
$887.61 Million |
|
Acrel Co LTD
SHE:300286
|
$887.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Baoxiniao Garment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,341,343,685 to 4,369,803,626, a change of 28,459,941 (0.7%).
- Net income of 494,960,057 contributed positively to equity growth.
- Dividend payments of 474,723,706 reduced retained earnings.
- Other comprehensive income increased equity by 29,059,454.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥494.96 Million | +11.33% |
| Dividends Paid | CN¥474.72 Million | -10.86% |
| Other Comprehensive Income | CN¥29.06 Million | +0.67% |
| Other Changes | CN¥-20.84 Million | -0.48% |
| Total Change | CN¥- | 0.66% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Baoxiniao Garment 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: 1.39x
- 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 21.43x to 1.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.19 | CN¥4.16 | x |
| 2005-12-31 | CN¥0.24 | CN¥4.16 | x |
| 2006-12-31 | CN¥0.24 | CN¥4.16 | x |
| 2007-12-31 | CN¥0.65 | CN¥4.16 | x |
| 2008-12-31 | CN¥0.66 | CN¥4.16 | x |
| 2009-12-31 | CN¥1.57 | CN¥4.16 | x |
| 2010-12-31 | CN¥1.52 | CN¥4.16 | x |
| 2011-12-31 | CN¥1.79 | CN¥4.16 | x |
| 2012-12-31 | CN¥2.20 | CN¥4.16 | x |
| 2013-12-31 | CN¥2.20 | CN¥4.16 | x |
| 2014-12-31 | CN¥2.24 | CN¥4.16 | x |
| 2015-12-31 | CN¥2.52 | CN¥4.16 | x |
| 2016-12-31 | CN¥2.05 | CN¥4.16 | x |
| 2017-12-31 | CN¥1.90 | CN¥4.16 | x |
| 2018-12-31 | CN¥2.11 | CN¥4.16 | x |
| 2019-12-31 | CN¥2.28 | CN¥4.16 | x |
| 2020-12-31 | CN¥2.64 | CN¥4.16 | x |
| 2021-12-31 | CN¥3.41 | CN¥4.16 | x |
| 2022-12-31 | CN¥2.66 | CN¥4.16 | x |
| 2023-12-31 | CN¥2.99 | CN¥4.16 | x |
| 2024-12-31 | CN¥3.00 | CN¥4.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Baoxiniao Garment 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): 11.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.60%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.53x
- Recent ROE (11.33%) is above the historical average (10.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 22.29% | 9.16% | 1.27x | 1.92x | CN¥14.79 Million |
| 2005 | 19.63% | 9.61% | 1.20x | 1.70x | CN¥14.52 Million |
| 2006 | 23.29% | 12.22% | 1.15x | 1.65x | CN¥24.06 Million |
| 2007 | 15.44% | 17.70% | 0.60x | 1.45x | CN¥29.20 Million |
| 2008 | 18.54% | 13.10% | 0.76x | 1.85x | CN¥56.61 Million |
| 2009 | 11.59% | 16.94% | 0.55x | 1.25x | CN¥25.37 Million |
| 2010 | 13.13% | 19.31% | 0.49x | 1.39x | CN¥57.86 Million |
| 2011 | 17.02% | 18.16% | 0.50x | 1.89x | CN¥151.94 Million |
| 2012 | 18.13% | 21.20% | 0.47x | 1.81x | CN¥214.16 Million |
| 2013 | 6.13% | 7.97% | 0.44x | 1.75x | CN¥-101.44 Million |
| 2014 | 4.92% | 5.89% | 0.52x | 1.60x | CN¥-138.60 Million |
| 2015 | 3.58% | 4.46% | 0.49x | 1.62x | CN¥-179.71 Million |
| 2016 | -16.12% | -19.26% | 0.48x | 1.73x | CN¥-626.60 Million |
| 2017 | 1.05% | 1.00% | 0.61x | 1.73x | CN¥-220.61 Million |
| 2018 | 1.90% | 1.67% | 0.74x | 1.54x | CN¥-221.06 Million |
| 2019 | 7.45% | 6.42% | 0.74x | 1.57x | CN¥-71.81 Million |
| 2020 | 11.35% | 9.68% | 0.78x | 1.50x | CN¥43.65 Million |
| 2021 | 11.16% | 10.43% | 0.73x | 1.47x | CN¥48.22 Million |
| 2022 | 11.66% | 10.64% | 0.72x | 1.52x | CN¥65.29 Million |
| 2023 | 16.07% | 13.28% | 0.74x | 1.63x | CN¥263.72 Million |
| 2024 | 11.33% | 9.60% | 0.77x | 1.53x | CN¥57.98 Million |
Industry Comparison
This section compares Zhejiang Baoxiniao Garment Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,214,502,894
- Average return on equity (ROE) among peers: 10.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Baoxiniao Garment Co Ltd (002154) | CN¥4.66 Billion | 22.29% | 0.49x | $888.35 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 |
| Fujian SBS Zipper Science Tech (002098) | $519.60 Million | 9.44% | 0.96x | $451.57 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 Zhejiang Baoxiniao Garment Co Ltd
Baoxiniao Holding Co., Ltd. engages in the research and development, production, and sale of branded men and women clothing products in China. Its products include suits, trousers, shirts, jackets, sheep sweaters, POLO shirts, down jackets, quick-drying clothes, casual pants, leather shoes, and leather goods. The company sells its products through retail market, e-commerce, live broadcasting, onl… Read more