Shandong Jining Ruyi Woolen Textile Co Ltd (002193) - Net Assets
Based on the latest financial reports, Shandong Jining Ruyi Woolen Textile Co Ltd (002193) has net assets worth CN¥547.69 Million CNY (≈ $80.14 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¥2.67 Billion ≈ $390.23 Million USD) and total liabilities (CN¥2.12 Billion ≈ $310.09 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 002193 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥547.69 Million |
| % of Total Assets | 20.54% |
| Annual Growth Rate | 5.65% |
| 5-Year Change | -75.96% |
| 10-Year Change | -2.62% |
| Growth Volatility | 63.39 |
Shandong Jining Ruyi Woolen Textile Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Shandong Jining Ruyi Woolen Textile Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Jining Ruyi Woolen Textile Co L total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Jining Ruyi Woolen Textile Co Ltd (2004–2024)
The table below shows the annual net assets of Shandong Jining Ruyi Woolen Textile Co Ltd from 2004 to 2024. For live valuation and market cap data, see Shandong Jining Ruyi Woolen Textile Co L (002193) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥667.67 Million ≈ $97.70 Million |
-46.36% |
| 2023-12-31 | CN¥1.24 Billion ≈ $182.13 Million |
-52.44% |
| 2022-12-31 | CN¥2.62 Billion ≈ $382.92 Million |
-7.20% |
| 2021-12-31 | CN¥2.82 Billion ≈ $412.61 Million |
+1.54% |
| 2020-12-31 | CN¥2.78 Billion ≈ $406.35 Million |
+0.07% |
| 2019-12-31 | CN¥2.77 Billion ≈ $406.07 Million |
+1.71% |
| 2018-12-31 | CN¥2.73 Billion ≈ $399.22 Million |
+3.23% |
| 2017-12-31 | CN¥2.64 Billion ≈ $386.72 Million |
+6.38% |
| 2016-12-31 | CN¥2.48 Billion ≈ $363.53 Million |
+262.32% |
| 2015-12-31 | CN¥685.66 Million ≈ $100.33 Million |
+2.25% |
| 2014-12-31 | CN¥670.59 Million ≈ $98.13 Million |
-0.35% |
| 2013-12-31 | CN¥672.96 Million ≈ $98.48 Million |
+0.30% |
| 2012-12-31 | CN¥670.95 Million ≈ $98.18 Million |
+0.33% |
| 2011-12-31 | CN¥668.76 Million ≈ $97.86 Million |
+0.22% |
| 2010-12-31 | CN¥667.32 Million ≈ $97.65 Million |
+5.42% |
| 2009-12-31 | CN¥633.03 Million ≈ $92.63 Million |
+7.19% |
| 2008-12-31 | CN¥590.57 Million ≈ $86.42 Million |
+6.49% |
| 2007-12-31 | CN¥554.60 Million ≈ $81.15 Million |
+105.90% |
| 2006-12-31 | CN¥269.35 Million ≈ $39.42 Million |
+13.91% |
| 2005-12-31 | CN¥236.46 Million ≈ $34.60 Million |
+6.39% |
| 2004-12-31 | CN¥222.25 Million ≈ $32.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Jining Ruyi Woolen Textile 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 decreased by 1813.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥261.72 Million | 39.20% |
| Other Comprehensive Income | CN¥277.19 Million | 41.52% |
| Other Components | CN¥1.48 Billion | 221.46% |
| Total Equity | CN¥667.67 Million | 100.00% |
Shandong Jining Ruyi Woolen Textile Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Jining Ruyi Woolen Textile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Good Will Instrument Co Ltd
TW:2423
|
$262.76 Million |
|
Afrimat
JSE:AFT
|
$262.88 Million |
|
Zippy Technology Corp
TW:2420
|
$263.07 Million |
|
OppFi Inc
NYSE:OPFI
|
$263.09 Million |
|
Bin Chuan Enterprise Co Ltd
TWO:1569
|
$262.68 Million |
|
Advanced Process Systems Corporation
KQ:265520
|
$262.59 Million |
|
CviLux Corp
TW:8103
|
$262.56 Million |
|
Tumosan Motor ve Traktor Sanayi AS
IS:TMSN
|
$262.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Jining Ruyi Woolen Textile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,244,623,073 to 667,666,739, a change of -576,956,334 (-46.4%).
- Net loss of 577,487,854 reduced equity.
- Other comprehensive income increased equity by 38,902,008.
- Other factors decreased equity by 38,370,488.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-577.49 Million | -86.49% |
| Other Comprehensive Income | CN¥38.90 Million | +5.83% |
| Other Changes | CN¥-38.37 Million | -5.75% |
| Total Change | CN¥- | -46.36% |
Book Value vs Market Value Analysis
This analysis compares Shandong Jining Ruyi Woolen Textile 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: 2.69x
- 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 3.76x to 2.69x 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¥1.82 | CN¥6.86 | x |
| 2005-12-31 | CN¥1.99 | CN¥6.86 | x |
| 2006-12-31 | CN¥2.25 | CN¥6.86 | x |
| 2007-12-31 | CN¥4.42 | CN¥6.86 | x |
| 2008-12-31 | CN¥3.68 | CN¥6.86 | x |
| 2009-12-31 | CN¥3.99 | CN¥6.86 | x |
| 2010-12-31 | CN¥4.16 | CN¥6.86 | x |
| 2011-12-31 | CN¥4.18 | CN¥6.86 | x |
| 2012-12-31 | CN¥3.30 | CN¥6.86 | x |
| 2013-12-31 | CN¥4.22 | CN¥6.86 | x |
| 2014-12-31 | CN¥3.74 | CN¥6.86 | x |
| 2015-12-31 | CN¥2.58 | CN¥6.86 | x |
| 2016-12-31 | CN¥11.95 | CN¥6.86 | x |
| 2017-12-31 | CN¥9.64 | CN¥6.86 | x |
| 2018-12-31 | CN¥10.00 | CN¥6.86 | x |
| 2019-12-31 | CN¥10.14 | CN¥6.86 | x |
| 2020-12-31 | CN¥10.17 | CN¥6.86 | x |
| 2021-12-31 | CN¥10.33 | CN¥6.86 | x |
| 2022-12-31 | CN¥9.73 | CN¥6.86 | x |
| 2023-12-31 | CN¥4.76 | CN¥6.86 | x |
| 2024-12-31 | CN¥2.55 | CN¥6.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Jining Ruyi Woolen Textile 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): -86.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -128.57%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.11x
- Recent ROE (-86.49%) is below the historical average (-4.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 10.42% | 5.49% | 0.72x | 2.64x | CN¥926.88K |
| 2005 | 7.27% | 4.71% | 0.58x | 2.66x | CN¥-6.45 Million |
| 2006 | 13.33% | 8.08% | 0.69x | 2.38x | CN¥8.97 Million |
| 2007 | 7.92% | 8.89% | 0.55x | 1.62x | CN¥-11.52 Million |
| 2008 | 7.87% | 9.50% | 0.46x | 1.78x | CN¥-12.58 Million |
| 2009 | 7.77% | 9.96% | 0.31x | 2.50x | CN¥-14.10 Million |
| 2010 | 6.73% | 8.80% | 0.29x | 2.63x | CN¥-21.83 Million |
| 2011 | 1.68% | 1.75% | 0.35x | 2.72x | CN¥-55.67 Million |
| 2012 | 0.30% | 0.25% | 0.45x | 2.68x | CN¥-65.06 Million |
| 2013 | 0.36% | 0.41% | 0.33x | 2.62x | CN¥-64.90 Million |
| 2014 | -0.27% | -0.31% | 0.31x | 2.78x | CN¥-68.85 Million |
| 2015 | 2.50% | 2.89% | 0.31x | 2.80x | CN¥-51.45 Million |
| 2016 | 1.32% | 3.62% | 0.20x | 1.78x | CN¥-215.66 Million |
| 2017 | 2.80% | 5.94% | 0.26x | 1.81x | CN¥-182.36 Million |
| 2018 | 3.80% | 7.46% | 0.28x | 1.84x | CN¥-161.55 Million |
| 2019 | 1.81% | 4.19% | 0.24x | 1.84x | CN¥-217.33 Million |
| 2020 | 0.19% | 0.65% | 0.16x | 1.84x | CN¥-261.14 Million |
| 2021 | 0.04% | 0.14% | 0.14x | 1.78x | CN¥-269.33 Million |
| 2022 | -32.65% | -140.34% | 0.13x | 1.77x | CN¥-1.09 Billion |
| 2023 | -50.20% | -162.82% | 0.12x | 2.58x | CN¥-749.28 Million |
| 2024 | -86.49% | -128.57% | 0.16x | 4.11x | CN¥-644.25 Million |
Industry Comparison
This section compares Shandong Jining Ruyi Woolen Textile Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,135,331,381
- Average return on equity (ROE) among peers: 4.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Jining Ruyi Woolen Textile Co Ltd (002193) | CN¥547.69 Million | 10.42% | 3.87x | $262.72 Million |
| 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 |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $3.08 Billion | 13.23% | 1.43x | $1.23 Billion |
| 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 Shandong Jining Ruyi Woolen Textile Co Ltd
Shandong Ruyi Woolen Garment Group Co., Ltd. designs, produces, and sells worsted woolen fabrics and clothing in China and internationally. It offers professional clothing and wool fabrics. Shandong Ruyi Woolen Garment Group Co., Ltd. was formerly known as Shandong Jining Ruyi Woolen Textile Co., Ltd. and changed its name to Shandong Ruyi Woolen Garment Group Co., Ltd. in June 2017. Shandong Ruyi… Read more