Wuxi Double Elephant Micro Fibre Material Co Ltd
Wuxi Double Elephant Micro Fibre Material Co.,Ltd manufactures and sells artificial and synthetic leather products in the People's Republic of China and internationally. It operates through Microfiber and PU; and PMMA and sheets segments. The company offers micro fiber leather products, such as bio-based microfiber leather, GRS microfiber leather, waterborne/solvent-free microfiber leather, micro… Read more
Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) - Net Assets
Latest net assets as of September 2025: CN¥1.50 Billion CNY
Based on the latest financial reports, Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) has net assets worth CN¥1.50 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¥2.39 Billion) and total liabilities (CN¥888.01 Million). 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¥1.50 Billion |
| % of Total Assets | 62.86% |
| Annual Growth Rate | 16.29% |
| 5-Year Change | 52.04% |
| 10-Year Change | 52.83% |
| Growth Volatility | 66.63 |
Wuxi Double Elephant Micro Fibre Material Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Wuxi Double Elephant Micro Fibre Material 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 Wuxi Double Elephant Micro Fibre Material Co Ltd (2006–2024)
The table below shows the annual net assets of Wuxi Double Elephant Micro Fibre Material Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.36 Billion | +48.67% |
| 2023-12-31 | CN¥914.84 Million | +6.46% |
| 2022-12-31 | CN¥859.35 Million | -5.02% |
| 2021-12-31 | CN¥904.81 Million | +1.15% |
| 2020-12-31 | CN¥894.55 Million | +4.95% |
| 2019-12-31 | CN¥852.36 Million | -0.64% |
| 2018-12-31 | CN¥857.84 Million | -10.34% |
| 2017-12-31 | CN¥956.80 Million | +1.72% |
| 2016-12-31 | CN¥940.59 Million | +5.69% |
| 2015-12-31 | CN¥889.96 Million | +2.51% |
| 2014-12-31 | CN¥868.21 Million | -0.82% |
| 2013-12-31 | CN¥875.36 Million | +4.32% |
| 2012-12-31 | CN¥839.10 Million | +6.27% |
| 2011-12-31 | CN¥789.60 Million | +1.69% |
| 2010-12-31 | CN¥776.48 Million | +292.74% |
| 2009-12-31 | CN¥197.71 Million | +27.11% |
| 2008-12-31 | CN¥155.54 Million | +27.22% |
| 2007-12-31 | CN¥122.26 Million | +36.01% |
| 2006-12-31 | CN¥89.89 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wuxi Double Elephant Micro Fibre Material 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 3255.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥671.22 Million | 49.35% |
| Common Stock | CN¥268.21 Million | 19.72% |
| Other Comprehensive Income | CN¥83.04 Million | 6.11% |
| Other Components | CN¥337.61 Million | 24.82% |
| Total Equity | CN¥1.36 Billion | 100.00% |
Wuxi Double Elephant Micro Fibre Material Co Ltd Competitors by Market Cap
The table below lists competitors of Wuxi Double Elephant Micro Fibre Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SGSG Science&technology Co Ltd Zhuhai
SHE:300561
|
$239.61 Million |
|
PolEnergia S.A.
WAR:PEP
|
$239.64 Million |
|
Ferm. Casino Mun. Canne
PA:FCMC
|
$239.72 Million |
|
Yang Guang Co Ltd
SHE:000608
|
$239.73 Million |
|
Kri-Kri Milk Industry S.A
AT:KRI
|
$239.54 Million |
|
Puma Biotechnology Inc
NASDAQ:PBYI
|
$239.50 Million |
|
Zhuhai Winbase International Chemical Tank Terminal Co Ltd
SHE:002492
|
$239.45 Million |
|
PT Ciputra Development Tbk
F:PUWA
|
$239.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuxi Double Elephant Micro Fibre Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 914,843,708 to 1,360,080,111, a change of 445,236,403 (48.7%).
- Net income of 472,015,721 contributed positively to equity growth.
- Dividend payments of 29,564,826 reduced retained earnings.
- Other comprehensive income increased equity by 83,035,168.
- Other factors decreased equity by 80,249,660.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥472.02 Million | +34.7% |
| Dividends Paid | CN¥29.56 Million | -2.17% |
| Other Comprehensive Income | CN¥83.04 Million | +6.11% |
| Other Changes | CN¥-80.25 Million | -5.9% |
| Total Change | CN¥- | 48.67% |
Book Value vs Market Value Analysis
This analysis compares Wuxi Double Elephant Micro Fibre Material 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: 3.67x
- 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 40.75x to 3.67x 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¥0.46 | CN¥18.63 | x |
| 2007-12-31 | CN¥0.60 | CN¥18.63 | x |
| 2008-12-31 | CN¥0.78 | CN¥18.63 | x |
| 2009-12-31 | CN¥0.98 | CN¥18.63 | x |
| 2010-12-31 | CN¥3.17 | CN¥18.63 | x |
| 2011-12-31 | CN¥2.94 | CN¥18.63 | x |
| 2012-12-31 | CN¥2.95 | CN¥18.63 | x |
| 2013-12-31 | CN¥2.95 | CN¥18.63 | x |
| 2014-12-31 | CN¥2.95 | CN¥18.63 | x |
| 2015-12-31 | CN¥3.00 | CN¥18.63 | x |
| 2016-12-31 | CN¥3.12 | CN¥18.63 | x |
| 2017-12-31 | CN¥3.12 | CN¥18.63 | x |
| 2018-12-31 | CN¥3.20 | CN¥18.63 | x |
| 2019-12-31 | CN¥3.18 | CN¥18.63 | x |
| 2020-12-31 | CN¥3.34 | CN¥18.63 | x |
| 2021-12-31 | CN¥3.37 | CN¥18.63 | x |
| 2022-12-31 | CN¥3.20 | CN¥18.63 | x |
| 2023-12-31 | CN¥3.41 | CN¥18.63 | x |
| 2024-12-31 | CN¥5.07 | CN¥18.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuxi Double Elephant Micro Fibre Material 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): 34.70%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.62%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.67x
- Recent ROE (34.70%) is above the historical average (8.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.04% | 4.41% | 0.98x | 3.72x | CN¥5.43 Million |
| 2007 | 26.48% | 7.60% | 1.27x | 2.73x | CN¥20.14 Million |
| 2008 | 21.40% | 8.03% | 1.16x | 2.30x | CN¥17.73 Million |
| 2009 | 21.33% | 9.24% | 1.05x | 2.19x | CN¥22.40 Million |
| 2010 | 5.78% | 8.88% | 0.53x | 1.23x | CN¥-32.79 Million |
| 2011 | 5.06% | 7.90% | 0.53x | 1.21x | CN¥-39.02 Million |
| 2012 | 3.57% | 5.55% | 0.50x | 1.28x | CN¥-50.88 Million |
| 2013 | 2.38% | 3.43% | 0.49x | 1.41x | CN¥-60.36 Million |
| 2014 | 1.01% | 0.99% | 0.70x | 1.45x | CN¥-71.12 Million |
| 2015 | 2.88% | 2.34% | 0.85x | 1.45x | CN¥-57.37 Million |
| 2016 | 4.25% | 3.37% | 0.85x | 1.49x | CN¥-48.13 Million |
| 2017 | 1.57% | 1.03% | 0.98x | 1.55x | CN¥-70.47 Million |
| 2018 | 2.59% | 1.59% | 1.07x | 1.52x | CN¥-63.54 Million |
| 2019 | 3.55% | 2.14% | 1.07x | 1.56x | CN¥-54.95 Million |
| 2020 | 4.72% | 3.14% | 0.86x | 1.74x | CN¥-47.26 Million |
| 2021 | 5.58% | 3.43% | 0.71x | 2.28x | CN¥-40.00 Million |
| 2022 | -5.29% | -3.26% | 0.68x | 2.37x | CN¥-131.39 Million |
| 2023 | 6.04% | 3.65% | 0.66x | 2.48x | CN¥-36.27 Million |
| 2024 | 34.70% | 20.62% | 1.01x | 1.67x | CN¥336.01 Million |
Industry Comparison
This section compares Wuxi Double Elephant Micro Fibre Material Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,492,444,688
- Average return on equity (ROE) among peers: 1.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | CN¥1.50 Billion | 16.04% | 0.59x | $239.60 Million |
| Anhui ANLI Artificial Leather (300218) | $1.41 Billion | 5.04% | 0.56x | $299.48 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $533.14 Million | 5.46% | 0.35x | $195.48 Million |
| Anhui Korrun Co Ltd (300577) | $900.20 Million | 25.11% | 1.19x | $260.39 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $576.44 Million | -36.88% | 0.65x | $319.12 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $957.63 Million | 10.91% | 0.13x | $230.20 Million |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.47 Billion | 0.98% | 0.26x | $215.04 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.20 Billion | 8.72% | 0.37x | $163.02 Million |
| Topscore Fashion (603608) | $1.35 Billion | -13.25% | 0.59x | $312.39 Million |
| Zhejiang Kanglongda Special (603665) | $1.04 Billion | 4.80% | 0.37x | $378.58 Million |