Xiamen Anne Corp Ltd (002235) - Net Assets

Latest as of March 2026: CN¥728.66 Million CNY ≈ $106.63 Million USD

Based on the latest financial reports, Xiamen Anne Corp Ltd (002235) has net assets worth CN¥728.66 Million CNY (≈ $106.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.10 Billion ≈ $161.13 Million USD) and total liabilities (CN¥372.46 Million ≈ $54.50 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 Xiamen Anne Corp Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥728.66 Million
% of Total Assets	66.17%
Annual Growth Rate	11.93%
5-Year Change	-40.88%
10-Year Change	-69.47%
Growth Volatility	119.35

Xiamen Anne Corp Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Xiamen Anne Corp Ltd's net assets have evolved over time, based on quarterly financial data. See 002235 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Xiamen Anne Corp Ltd (2005–2025)

The table below shows the annual net assets of Xiamen Anne Corp Ltd from 2005 to 2025. For live valuation and market cap data, see 002235 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥729.01 Million ≈ $106.68 Million	-3.22%
2024-12-31	CN¥753.28 Million ≈ $110.23 Million	+3.04%
2023-12-31	CN¥731.06 Million ≈ $106.98 Million	-27.40%
2022-12-31	CN¥1.01 Billion ≈ $147.36 Million	-18.33%
2021-12-31	CN¥1.23 Billion ≈ $180.44 Million	-0.61%
2020-12-31	CN¥1.24 Billion ≈ $181.54 Million	-33.16%
2019-12-31	CN¥1.86 Billion ≈ $271.62 Million	-15.10%
2018-12-31	CN¥2.19 Billion ≈ $319.94 Million	-1.66%
2017-12-31	CN¥2.22 Billion ≈ $325.33 Million	-6.88%
2016-12-31	CN¥2.39 Billion ≈ $349.38 Million	+509.00%
2015-12-31	CN¥392.05 Million ≈ $57.37 Million	+9.10%
2014-12-31	CN¥359.35 Million ≈ $52.58 Million	-23.09%
2013-12-31	CN¥467.27 Million ≈ $68.38 Million	-6.19%
2012-12-31	CN¥498.07 Million ≈ $72.88 Million	+2.23%
2011-12-31	CN¥487.19 Million ≈ $71.29 Million	-3.76%
2010-12-31	CN¥506.22 Million ≈ $74.08 Million	+1.70%
2009-12-31	CN¥497.76 Million ≈ $72.84 Million	+9.65%
2008-12-31	CN¥453.96 Million ≈ $66.43 Million	+205.40%
2007-12-31	CN¥148.65 Million ≈ $21.75 Million	+52.47%
2006-12-31	CN¥97.49 Million ≈ $14.27 Million	+27.43%
2005-12-31	CN¥76.50 Million ≈ $11.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Xiamen Anne Corp 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 9056.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.88 Billion	258.10%
Total Equity	CN¥729.46 Million	100.00%

Xiamen Anne Corp Ltd Competitors by Market Cap

The table below lists competitors of Xiamen Anne Corp Ltd ranked by their market capitalization.

Company	Market Cap
Sanxiang Co Ltd SHE:000863	$796.49 Million
Fujian Guanfu Modern Household Wares Co Ltd SHE:002102	$796.98 Million
Jiangyin Haida Rubber and Plastic Co Ltd Class A SHE:300320	$797.09 Million
Zhejiang Meili High Technology Co Ltd SHE:300611	$797.19 Million
5I5j Holding Group Co Ltd SHE:000560	$796.22 Million
Mingchen Health Co Ltd Class A SHE:002919	$796.02 Million
Neto Malinda TA:NTML	$795.85 Million
uPI Semiconductor Corp TW:6719	$795.81 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xiamen Anne Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 744,204,586 to 729,457,713, a change of -14,746,873 (-2.0%).
Net loss of 17,274,480 reduced equity.
Dividend payments of 455,256 reduced retained earnings.
Other comprehensive income increased equity by 66,481,638.
Other factors decreased equity by 63,498,775.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-17.27 Million	-2.37%
Dividends Paid	CN¥455.26K	-0.06%
Other Comprehensive Income	CN¥66.48 Million	+9.11%
Other Changes	CN¥-63.50 Million	-8.7%
Total Change	CN¥-	-1.98%

Book Value vs Market Value Analysis

This analysis compares Xiamen Anne Corp 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: 7.46x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 39.21x to 7.46x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	CN¥0.24	CN¥9.39	x
2006-12-31	CN¥0.30	CN¥9.39	x
2007-12-31	CN¥0.46	CN¥9.39	x
2008-12-31	CN¥1.12	CN¥9.39	x
2009-12-31	CN¥1.08	CN¥9.39	x
2010-12-31	CN¥1.64	CN¥9.39	x
2011-12-31	CN¥1.01	CN¥9.39	x
2012-12-31	CN¥1.10	CN¥9.39	x
2013-12-31	CN¥1.02	CN¥9.39	x
2014-12-31	CN¥0.80	CN¥9.39	x
2015-12-31	CN¥0.83	CN¥9.39	x
2016-12-31	CN¥4.97	CN¥9.39	x
2017-12-31	CN¥3.57	CN¥9.39	x
2018-12-31	CN¥3.51	CN¥9.39	x
2019-12-31	CN¥2.99	CN¥9.39	x
2020-12-31	CN¥2.12	CN¥9.39	x
2021-12-31	CN¥2.11	CN¥9.39	x
2022-12-31	CN¥1.74	CN¥9.39	x
2023-12-31	CN¥1.25	CN¥9.39	x
2024-12-31	CN¥1.30	CN¥9.39	x
2025-12-31	CN¥1.26	CN¥9.39	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xiamen Anne Corp 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): -2.37%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.25%
• Asset Turnover: 0.36x
• Equity Multiplier: 1.55x
Recent ROE (-2.37%) is below the historical average (-1.93%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	14.28%	4.22%	1.22x	2.77x	CN¥3.16 Million
2006	21.96%	6.74%	1.37x	2.38x	CN¥11.32 Million
2007	30.39%	11.23%	1.36x	1.99x	CN¥30.31 Million
2008	11.68%	10.82%	0.80x	1.35x	CN¥7.60 Million
2009	9.57%	8.32%	0.66x	1.73x	CN¥-2.00 Million
2010	0.55%	0.40%	0.74x	1.86x	CN¥-44.14 Million
2011	0.88%	0.66%	0.77x	1.72x	CN¥-43.23 Million
2012	2.11%	1.78%	0.79x	1.49x	CN¥-38.25 Million
2013	2.16%	1.73%	0.71x	1.76x	CN¥-34.91 Million
2014	-26.07%	-20.47%	0.73x	1.74x	CN¥-127.35 Million
2015	2.99%	2.50%	0.67x	1.78x	CN¥-25.51 Million
2016	0.49%	2.71%	0.16x	1.13x	CN¥-225.73 Million
2017	-16.46%	-55.45%	0.26x	1.13x	CN¥-586.84 Million
2018	3.45%	10.56%	0.28x	1.15x	CN¥-143.14 Million
2019	1.30%	5.56%	0.19x	1.22x	CN¥-161.57 Million
2020	-50.63%	-185.95%	0.21x	1.31x	CN¥-745.47 Million
2021	1.85%	5.74%	0.26x	1.23x	CN¥-99.67 Million
2022	-13.79%	-38.10%	0.28x	1.27x	CN¥-237.39 Million
2023	-38.55%	-75.61%	0.31x	1.64x	CN¥-350.37 Million
2024	3.78%	8.18%	0.29x	1.57x	CN¥-46.27 Million
2025	-2.37%	-4.25%	0.36x	1.55x	CN¥-90.22 Million

Industry Comparison

This section compares Xiamen Anne Corp Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

Industry: Paper & Paper Products
Average net assets among peers: $2,467,041,820
Average return on equity (ROE) among peers: 7.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xiamen Anne Corp Ltd (002235)	CN¥728.66 Million	14.28%	0.51x	$796.36 Million
Shandong Chenming Paper Holdings Ltd (000488)	$7.19 Billion	8.38%	1.50x	$534.47 Million
MCC Meili Paper Industry Co Ltd (000815)	$2.12 Billion	2.41%	0.55x	$1.66 Billion
Zhejiang Kan Specialities Material Co Ltd (002012)	$380.56 Million	5.85%	0.92x	$487.21 Million
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067)	$1.94 Billion	4.26%	0.89x	$902.12 Million
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078)	$1.19 Billion	18.28%	2.62x	$5.41 Billion
Qifeng New Material Co Ltd (002521)	$3.38 Billion	1.73%	0.29x	$572.86 Million
Shandong Chenming Paper Holdings Ltd Class B (200488)	$3.44 Billion	6.73%	0.57x	$54.10 Million
Cre8 Direct Ningbo Co Ltd (300703)	$952.34 Million	11.33%	1.00x	$391.20 Million
Fujian Qingshan Paper Industry Co Ltd (600103)	$1.63 Billion	6.04%	0.45x	$1.21 Billion

About Xiamen Anne Corp Ltd

SHE:002235 China Paper & Paper Products

Market Cap

$796.36 Million

CN¥5.44 Billion CNY

Market Cap Rank

#10123 Global

#2741 in China

Share Price

CN¥9.39

Change (1 day)

-3.79%

52-Week Range

CN¥7.15 - CN¥13.60

All Time High

CN¥15.38