Shanghai Metersbonwe Fashion&Accessories Co Ltd
Shanghai Metersbonwe Fashion and Accessories Co., Ltd., together with its subsidiaries, engages in the design, promotion, and sale of apparel products in the People's Republic of China. The company operates through the Wholesale Business, Retail Business, and Other Business segments. It is involved in the wholesale and retail sale of adults' and children's clothing products under the Metersbonwe,… Read more
Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) - Net Assets
Latest net assets as of September 2025: CN¥187.97 Million CNY
Based on the latest financial reports, Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) has net assets worth CN¥187.97 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.86 Billion) and total liabilities (CN¥1.67 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥187.97 Million |
| % of Total Assets | 10.1% |
| Annual Growth Rate | 3.4% |
| 5-Year Change | -76.26% |
| 10-Year Change | -90.97% |
| Growth Volatility | 78.73 |
Shanghai Metersbonwe Fashion&Accessories Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Shanghai Metersbonwe Fashion&Accessories Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai Metersbonwe Fashion&Accessories Co Ltd (2005–2024)
The table below shows the annual net assets of Shanghai Metersbonwe Fashion&Accessories Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥280.23 Million | -37.87% |
| 2023-12-31 | CN¥451.05 Million | +82.57% |
| 2022-12-31 | CN¥247.06 Million | -65.28% |
| 2021-12-31 | CN¥711.66 Million | -39.70% |
| 2020-12-31 | CN¥1.18 Billion | -42.14% |
| 2019-12-31 | CN¥2.04 Billion | -29.12% |
| 2018-12-31 | CN¥2.88 Billion | +1.42% |
| 2017-12-31 | CN¥2.84 Billion | -9.69% |
| 2016-12-31 | CN¥3.14 Billion | +1.22% |
| 2015-12-31 | CN¥3.10 Billion | -14.64% |
| 2014-12-31 | CN¥3.64 Billion | -3.64% |
| 2013-12-31 | CN¥3.77 Billion | -8.66% |
| 2012-12-31 | CN¥4.13 Billion | +0.14% |
| 2011-12-31 | CN¥4.13 Billion | +23.87% |
| 2010-12-31 | CN¥3.33 Billion | +11.36% |
| 2009-12-31 | CN¥2.99 Billion | +15.58% |
| 2008-12-31 | CN¥2.59 Billion | +287.66% |
| 2007-12-31 | CN¥667.53 Million | +119.67% |
| 2006-12-31 | CN¥303.88 Million | +104.67% |
| 2005-12-31 | CN¥148.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Metersbonwe Fashion&Accessories 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 13453.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥2.51 Billion | 896.59% |
| Other Comprehensive Income | CN¥927.59 Million | 331.01% |
| Other Components | CN¥50.15 Million | 17.89% |
| Total Equity | CN¥280.23 Million | 100.00% |
Shanghai Metersbonwe Fashion&Accessories Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Metersbonwe Fashion&Accessories Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HPF Co Ltd
SHE:300350
|
$376.55 Million |
|
HAVAS SA
AS:HAVAS
|
$376.55 Million |
|
Guangzhou R&F Properties Co. Ltd
PINK:GZUHF
|
$376.74 Million |
|
Mahindra Lifespace Developers Limited
NSE:MAHLIFE
|
$376.77 Million |
|
Great Chinasoft Technology Co Ltd
SHE:002453
|
$376.12 Million |
|
Clean Energy Fuels Corp
NASDAQ:CLNE
|
$375.92 Million |
|
Anhui Tongyuan Environment Energy Saving Co. Ltd. A
SHG:688679
|
$375.92 Million |
|
GlobalData Plc
PINK:GLDAF
|
$375.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Metersbonwe Fashion&Accessories Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 451,046,567 to 280,227,977, a change of -170,818,590 (-37.9%).
- Net loss of 195,378,136 reduced equity.
- Dividend payments of 17,235,088 reduced retained earnings.
- Other comprehensive income increased equity by 659,296,406.
- Other factors decreased equity by 617,501,772.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-195.38 Million | -69.72% |
| Dividends Paid | CN¥17.24 Million | -6.15% |
| Other Comprehensive Income | CN¥659.30 Million | +235.27% |
| Other Changes | CN¥-617.50 Million | -220.36% |
| Total Change | CN¥- | -37.87% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Metersbonwe Fashion&Accessories 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: 16.04x
- 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 increased from 11.36x to 16.04x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.16 | CN¥1.84 | x |
| 2006-12-31 | CN¥0.17 | CN¥1.84 | x |
| 2007-12-31 | CN¥0.67 | CN¥1.84 | x |
| 2008-12-31 | CN¥1.11 | CN¥1.84 | x |
| 2009-12-31 | CN¥1.19 | CN¥1.84 | x |
| 2010-12-31 | CN¥1.32 | CN¥1.84 | x |
| 2011-12-31 | CN¥1.64 | CN¥1.84 | x |
| 2012-12-31 | CN¥1.65 | CN¥1.84 | x |
| 2013-12-31 | CN¥1.49 | CN¥1.84 | x |
| 2014-12-31 | CN¥1.50 | CN¥1.84 | x |
| 2015-12-31 | CN¥1.22 | CN¥1.84 | x |
| 2016-12-31 | CN¥0.87 | CN¥1.84 | x |
| 2017-12-31 | CN¥1.12 | CN¥1.84 | x |
| 2018-12-31 | CN¥1.43 | CN¥1.84 | x |
| 2019-12-31 | CN¥0.81 | CN¥1.84 | x |
| 2020-12-31 | CN¥0.47 | CN¥1.84 | x |
| 2021-12-31 | CN¥0.28 | CN¥1.84 | x |
| 2022-12-31 | CN¥0.10 | CN¥1.84 | x |
| 2023-12-31 | CN¥0.14 | CN¥1.84 | x |
| 2024-12-31 | CN¥0.11 | CN¥1.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Metersbonwe Fashion&Accessories 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): -69.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.70%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 6.77x
- Recent ROE (-69.72%) is below the historical average (-19.22%), 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 | 4.94% | 0.80% | 1.12x | 5.53x | CN¥-7.51 Million |
| 2006 | 22.56% | 3.42% | 1.62x | 4.07x | CN¥37.77 Million |
| 2007 | 54.76% | 11.53% | 1.70x | 2.80x | CN¥297.52 Million |
| 2008 | 22.70% | 13.13% | 0.98x | 1.77x | CN¥328.74 Million |
| 2009 | 20.20% | 11.58% | 0.96x | 1.82x | CN¥305.13 Million |
| 2010 | 22.75% | 10.10% | 0.87x | 2.58x | CN¥424.76 Million |
| 2011 | 29.23% | 12.13% | 1.12x | 2.15x | CN¥793.41 Million |
| 2012 | 20.56% | 8.93% | 1.36x | 1.70x | CN¥436.39 Million |
| 2013 | 10.74% | 5.14% | 1.18x | 1.78x | CN¥28.08 Million |
| 2014 | 4.00% | 2.20% | 0.95x | 1.92x | CN¥-218.01 Million |
| 2015 | -13.91% | -6.86% | 0.91x | 2.24x | CN¥-742.34 Million |
| 2016 | 1.15% | 0.55% | 1.05x | 1.97x | CN¥-278.04 Million |
| 2017 | -10.74% | -4.71% | 0.98x | 2.33x | CN¥-588.53 Million |
| 2018 | 1.40% | 0.53% | 1.06x | 2.51x | CN¥-247.41 Million |
| 2019 | -40.47% | -15.11% | 0.86x | 3.13x | CN¥-1.03 Billion |
| 2020 | -72.81% | -22.50% | 0.72x | 4.49x | CN¥-977.39 Million |
| 2021 | -65.83% | -17.75% | 0.52x | 7.17x | CN¥-539.63 Million |
| 2022 | -333.04% | -57.17% | 0.38x | 15.32x | CN¥-847.52 Million |
| 2023 | 7.04% | 2.34% | 0.50x | 6.02x | CN¥-13.36 Million |
| 2024 | -69.72% | -28.70% | 0.36x | 6.77x | CN¥-223.40 Million |
Industry Comparison
This section compares Shanghai Metersbonwe Fashion&Accessories Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,533,798,701
- Average return on equity (ROE) among peers: 11.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | CN¥187.97 Million | 4.94% | 8.90x | $376.25 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.35 Billion | 5.95% | 0.28x | $265.95 Million |
| Cedar Development Co Ltd (002485) | $1.98 Billion | 0.38% | 0.24x | $115.45 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |