Haining China Leather Market Co Ltd
Haining China Leather Market Co.,Ltd engages in the development, leasing, and service of the professional leather market in China. The company operates a leather city, fashion industry park, and hotel. It also engages in the wholesale and retail of leather clothing, sales to the supply of surface accessories, fashion business parks, factory leasing, design research and development, fashion releas… Read more
Haining China Leather Market Co Ltd (002344) - Net Assets
Latest net assets as of September 2025: CN¥8.66 Billion CNY
Based on the latest financial reports, Haining China Leather Market Co Ltd (002344) has net assets worth CN¥8.66 Billion 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¥12.96 Billion) and total liabilities (CN¥4.29 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¥8.66 Billion |
| % of Total Assets | 66.87% |
| Annual Growth Rate | 25.63% |
| 5-Year Change | 12.53% |
| 10-Year Change | 74.66% |
| Growth Volatility | 61.9 |
Haining China Leather Market Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Haining China Leather Market 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 Haining China Leather Market Co Ltd (2006–2024)
The table below shows the annual net assets of Haining China Leather Market Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.71 Billion | +1.16% |
| 2023-12-31 | CN¥8.61 Billion | +1.59% |
| 2022-12-31 | CN¥8.47 Billion | +3.94% |
| 2021-12-31 | CN¥8.15 Billion | +5.35% |
| 2020-12-31 | CN¥7.74 Billion | +2.13% |
| 2019-12-31 | CN¥7.58 Billion | +0.94% |
| 2018-12-31 | CN¥7.50 Billion | +1.35% |
| 2017-12-31 | CN¥7.41 Billion | +3.04% |
| 2016-12-31 | CN¥7.19 Billion | +44.19% |
| 2015-12-31 | CN¥4.98 Billion | +3.79% |
| 2014-12-31 | CN¥4.80 Billion | +21.99% |
| 2013-12-31 | CN¥3.94 Billion | +30.19% |
| 2012-12-31 | CN¥3.02 Billion | +25.00% |
| 2011-12-31 | CN¥2.42 Billion | +22.19% |
| 2010-12-31 | CN¥1.98 Billion | +245.45% |
| 2009-12-31 | CN¥573.07 Million | +23.68% |
| 2008-12-31 | CN¥463.35 Million | +26.63% |
| 2007-12-31 | CN¥365.90 Million | +155.34% |
| 2006-12-31 | CN¥143.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haining China Leather Market 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 11156.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.03 Billion | 59.63% |
| Common Stock | CN¥1.28 Billion | 15.20% |
| Other Comprehensive Income | CN¥503.96 Million | 5.97% |
| Other Components | CN¥1.62 Billion | 19.20% |
| Total Equity | CN¥8.44 Billion | 100.00% |
Haining China Leather Market Co Ltd Competitors by Market Cap
The table below lists competitors of Haining China Leather Market Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arjo AB
LSE:0HQ8
|
$367.19 Million |
|
Kuo Toong International Co Ltd
TWO:8936
|
$367.26 Million |
|
Covenant Logistics Group, Inc.
NYSE:CVLG
|
$367.33 Million |
|
Star Petroleum Refining Co Ltd
BK:SPRC
|
$367.39 Million |
|
Zhejiang Grandwall Electric Science&Technology Co Ltd Class A
SHG:603897
|
$367.07 Million |
|
GLOBAL MEDIC.REIT DL-001
F:3UN
|
$367.06 Million |
|
PostNL NV
AS:PNL
|
$367.05 Million |
|
Kaiser China Holding Co Ltd
SHE:002425
|
$367.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haining China Leather Market Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,370,362,073 to 8,438,077,424, a change of 67,715,351 (0.8%).
- Net income of 88,840,021 contributed positively to equity growth.
- Dividend payments of 96,749,583 reduced retained earnings.
- Other comprehensive income increased equity by 38,227,501.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥88.84 Million | +1.05% |
| Dividends Paid | CN¥96.75 Million | -1.15% |
| Other Comprehensive Income | CN¥38.23 Million | +0.45% |
| Other Changes | CN¥37.40 Million | +0.44% |
| Total Change | CN¥- | 0.81% |
Book Value vs Market Value Analysis
This analysis compares Haining China Leather Market 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: 0.71x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 28.63x to 0.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.16 | CN¥4.66 | x |
| 2007-12-31 | CN¥0.43 | CN¥4.66 | x |
| 2008-12-31 | CN¥0.52 | CN¥4.66 | x |
| 2009-12-31 | CN¥0.64 | CN¥4.66 | x |
| 2010-12-31 | CN¥1.79 | CN¥4.66 | x |
| 2011-12-31 | CN¥2.09 | CN¥4.66 | x |
| 2012-12-31 | CN¥2.60 | CN¥4.66 | x |
| 2013-12-31 | CN¥3.41 | CN¥4.66 | x |
| 2014-12-31 | CN¥4.11 | CN¥4.66 | x |
| 2015-12-31 | CN¥4.34 | CN¥4.66 | x |
| 2016-12-31 | CN¥6.32 | CN¥4.66 | x |
| 2017-12-31 | CN¥5.81 | CN¥4.66 | x |
| 2018-12-31 | CN¥5.73 | CN¥4.66 | x |
| 2019-12-31 | CN¥5.88 | CN¥4.66 | x |
| 2020-12-31 | CN¥6.02 | CN¥4.66 | x |
| 2021-12-31 | CN¥6.25 | CN¥4.66 | x |
| 2022-12-31 | CN¥6.43 | CN¥4.66 | x |
| 2023-12-31 | CN¥6.60 | CN¥4.66 | x |
| 2024-12-31 | CN¥6.58 | CN¥4.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haining China Leather Market 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): 1.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.10%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.57x
- Recent ROE (1.05%) is below the historical average (12.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 26.27% | 8.14% | 0.35x | 9.22x | CN¥21.97 Million |
| 2007 | 22.74% | 12.50% | 0.50x | 3.66x | CN¥45.32 Million |
| 2008 | 19.22% | 13.10% | 0.46x | 3.17x | CN¥40.59 Million |
| 2009 | 17.93% | 17.40% | 0.29x | 3.53x | CN¥43.05 Million |
| 2010 | 12.82% | 24.60% | 0.24x | 2.21x | CN¥55.20 Million |
| 2011 | 22.49% | 28.39% | 0.38x | 2.09x | CN¥292.64 Million |
| 2012 | 24.23% | 31.15% | 0.36x | 2.14x | CN¥413.77 Million |
| 2013 | 27.28% | 35.43% | 0.39x | 1.97x | CN¥658.16 Million |
| 2014 | 20.46% | 38.38% | 0.28x | 1.90x | CN¥478.70 Million |
| 2015 | 11.29% | 29.66% | 0.18x | 2.12x | CN¥62.80 Million |
| 2016 | 7.75% | 25.18% | 0.17x | 1.85x | CN¥-159.23 Million |
| 2017 | 4.11% | 15.99% | 0.18x | 1.45x | CN¥-431.53 Million |
| 2018 | 4.88% | 21.25% | 0.16x | 1.48x | CN¥-381.64 Million |
| 2019 | 3.70% | 19.64% | 0.13x | 1.41x | CN¥-475.18 Million |
| 2020 | 2.52% | 13.58% | 0.13x | 1.43x | CN¥-576.97 Million |
| 2021 | 4.09% | 22.53% | 0.12x | 1.49x | CN¥-473.99 Million |
| 2022 | 3.27% | 19.40% | 0.10x | 1.67x | CN¥-554.92 Million |
| 2023 | 2.12% | 13.75% | 0.10x | 1.55x | CN¥-659.54 Million |
| 2024 | 1.05% | 8.10% | 0.08x | 1.57x | CN¥-754.97 Million |
Industry Comparison
This section compares Haining China Leather Market Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $9,442,994,115
- Average return on equity (ROE) among peers: 0.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haining China Leather Market Co Ltd (002344) | CN¥8.66 Billion | 26.27% | 0.50x | $367.17 Million |
| Suning Commerce Group Co Ltd (002024) | $69.92 Billion | 1.01% | 0.96x | $649.12 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $1.64 Billion | -23.02% | 1.86x | $199.80 Million |
| Shenzhen Aisidi Co Ltd (002416) | $5.55 Billion | 6.83% | 1.25x | $1.15 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $707.02 Million | 5.17% | 0.56x | $252.26 Million |
| Doctorglasses Chain Co Ltd (300622) | $217.01 Million | 15.15% | 0.20x | $467.95 Million |
| BYBON Group Co Ltd Class A (300736) | $271.02 Million | -34.30% | 0.28x | $229.54 Million |
| Kidswant Children Products Co.Ltd. (301078) | $1.70 Billion | 22.21% | 1.56x | $963.40 Million |
| Hangzhou Tianyuan Pet Products Co. Ltd. A (301335) | $1.86 Billion | 2.47% | 0.44x | $166.94 Million |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $3.12 Billion | 13.23% | 0.79x | $193.38 Million |