Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) - Net Assets
Based on the latest financial reports, Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) has net assets worth CN¥214.06 Million CNY (≈ $31.32 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¥1.81 Billion ≈ $265.51 Million USD) and total liabilities (CN¥1.60 Billion ≈ $234.19 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 002269 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥214.06 Million |
| % of Total Assets | 11.8% |
| Annual Growth Rate | 1.75% |
| 5-Year Change | -70.46% |
| 10-Year Change | -93.31% |
| Growth Volatility | 77.39 |
Shanghai Metersbonwe Fashion&Accessories Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Shanghai Metersbonwe Fashion&Accessories Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002269 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Metersbonwe Fashion&Accessories Co Ltd (2005–2025)
The table below shows the annual net assets of Shanghai Metersbonwe Fashion&Accessories Co Ltd from 2005 to 2025. For live valuation and market cap data, see Shanghai Metersbonwe Fashion&Accessories (002269) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥210.24 Million ≈ $30.76 Million |
-24.98% |
| 2024-12-31 | CN¥280.23 Million ≈ $41.01 Million |
-37.87% |
| 2023-12-31 | CN¥451.05 Million ≈ $66.00 Million |
+82.57% |
| 2022-12-31 | CN¥247.06 Million ≈ $36.15 Million |
-65.28% |
| 2021-12-31 | CN¥711.66 Million ≈ $104.14 Million |
-39.70% |
| 2020-12-31 | CN¥1.18 Billion ≈ $172.71 Million |
-42.14% |
| 2019-12-31 | CN¥2.04 Billion ≈ $298.49 Million |
-29.12% |
| 2018-12-31 | CN¥2.88 Billion ≈ $421.10 Million |
+1.42% |
| 2017-12-31 | CN¥2.84 Billion ≈ $415.19 Million |
-9.69% |
| 2016-12-31 | CN¥3.14 Billion ≈ $459.77 Million |
+1.22% |
| 2015-12-31 | CN¥3.10 Billion ≈ $454.24 Million |
-14.64% |
| 2014-12-31 | CN¥3.64 Billion ≈ $532.14 Million |
-3.64% |
| 2013-12-31 | CN¥3.77 Billion ≈ $552.25 Million |
-8.66% |
| 2012-12-31 | CN¥4.13 Billion ≈ $604.62 Million |
+0.14% |
| 2011-12-31 | CN¥4.13 Billion ≈ $603.76 Million |
+23.87% |
| 2010-12-31 | CN¥3.33 Billion ≈ $487.41 Million |
+11.36% |
| 2009-12-31 | CN¥2.99 Billion ≈ $437.68 Million |
+15.58% |
| 2008-12-31 | CN¥2.59 Billion ≈ $378.67 Million |
+287.66% |
| 2007-12-31 | CN¥667.53 Million ≈ $97.68 Million |
+119.67% |
| 2006-12-31 | CN¥303.88 Million ≈ $44.47 Million |
+104.67% |
| 2005-12-31 | CN¥148.47 Million ≈ $21.73 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 14491.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥3.67 Billion | 1745.45% |
| Total Equity | CN¥210.24 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 |
|---|---|
|
Korea District Heating Corp
KO:071320
|
$573.60 Million |
|
Daewoong
KO:003090
|
$573.62 Million |
|
Energy Resources of Australia Ltd
AU:ERA
|
$573.69 Million |
|
Shenzhen Haoningda Meters Co Ltd
SHE:002356
|
$573.71 Million |
|
Shandong Wohua Pharmaceutical Co Ltd
SHE:002107
|
$573.51 Million |
|
Taiwan Sakura Corp
TW:9911
|
$573.41 Million |
|
TA-I Technology Co Ltd
TW:2478
|
$573.34 Million |
|
Akfen Yenilenebilir Enerji A.S.
IS:AKFYE
|
$573.32 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 2024 to 2025, total equity changed from 280,227,977 to 210,240,907, a change of -69,987,070 (-25.0%).
- Net loss of 249,411,955 reduced equity.
- Dividend payments of 13,542,291 reduced retained earnings.
- Other comprehensive income decreased equity by 927,585,204.
- Other factors increased equity by 1,120,552,381.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-249.41 Million | -118.63% |
| Dividends Paid | CN¥13.54 Million | -6.44% |
| Other Comprehensive Income | CN¥-927.59 Million | -441.2% |
| Other Changes | CN¥1.12 Billion | +532.98% |
| Total Change | CN¥- | -24.98% |
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: 18.64x
- 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 9.64x to 18.64x 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¥1.56 | x |
| 2006-12-31 | CN¥0.17 | CN¥1.56 | x |
| 2007-12-31 | CN¥0.67 | CN¥1.56 | x |
| 2008-12-31 | CN¥1.11 | CN¥1.56 | x |
| 2009-12-31 | CN¥1.19 | CN¥1.56 | x |
| 2010-12-31 | CN¥1.32 | CN¥1.56 | x |
| 2011-12-31 | CN¥1.64 | CN¥1.56 | x |
| 2012-12-31 | CN¥1.64 | CN¥1.56 | x |
| 2013-12-31 | CN¥1.50 | CN¥1.56 | x |
| 2014-12-31 | CN¥1.50 | CN¥1.56 | x |
| 2015-12-31 | CN¥1.22 | CN¥1.56 | x |
| 2016-12-31 | CN¥1.25 | CN¥1.56 | x |
| 2017-12-31 | CN¥1.12 | CN¥1.56 | x |
| 2018-12-31 | CN¥1.43 | CN¥1.56 | x |
| 2019-12-31 | CN¥0.82 | CN¥1.56 | x |
| 2020-12-31 | CN¥0.47 | CN¥1.56 | x |
| 2021-12-31 | CN¥0.28 | CN¥1.56 | x |
| 2022-12-31 | CN¥0.10 | CN¥1.56 | x |
| 2023-12-31 | CN¥0.14 | CN¥1.56 | x |
| 2024-12-31 | CN¥0.11 | CN¥1.56 | x |
| 2025-12-31 | CN¥0.08 | CN¥1.56 | 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): -118.63%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -55.39%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 8.86x
- Recent ROE (-118.63%) is below the historical average (-23.42%), 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 | -56.43% | -15.22% | 0.52x | 7.17x | CN¥-472.74 Million |
| 2022 | -331.09% | -56.83% | 0.38x | 15.32x | CN¥-842.70 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 |
| 2025 | -118.63% | -55.39% | 0.24x | 8.86x | CN¥-270.44 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: $3,342,256,429
- Average return on equity (ROE) among peers: 7.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | CN¥214.06 Million | 4.94% | 7.48x | $573.55 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.26 Billion | 13.08% | 0.18x | $1.62 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $5.26 Billion | 5.08% | 0.51x | $959.45 Million |
| Fujian SBS Zipper Science Tech (002098) | $604.03 Million | 10.73% | 0.99x | $421.19 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.27 Billion | 10.88% | 0.43x | $918.25 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.36 Billion | 7.30% | 0.67x | $532.70 Million |
| Cedar Development Co Ltd (002485) | $2.19 Billion | 5.88% | 0.52x | $374.94 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.93 Billion | 0.87% | 0.33x | $325.75 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.68 Billion | 12.72% | 0.69x | $2.24 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $525.26 Million | 1.26% | 0.19x | $340.12 Million |
About 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