Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) - Net Assets

Latest as of September 2025: CN¥1.50 Billion CNY ≈ $219.96 Million USD

Based on the latest financial reports, Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) has net assets worth CN¥1.50 Billion CNY (≈ $219.96 Million USD) 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 ≈ $349.90 Million USD) and total liabilities (CN¥888.01 Million ≈ $129.94 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 002395 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 002395 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is Wuxi Double Elephant Micro Fibre Materia worth.

Year	Net Assets	Change
2024-12-31	CN¥1.36 Billion ≈ $199.02 Million	+48.67%
2023-12-31	CN¥914.84 Million ≈ $133.87 Million	+6.46%
2022-12-31	CN¥859.35 Million ≈ $125.75 Million	-5.02%
2021-12-31	CN¥904.81 Million ≈ $132.40 Million	+1.15%
2020-12-31	CN¥894.55 Million ≈ $130.90 Million	+4.95%
2019-12-31	CN¥852.36 Million ≈ $124.73 Million	-0.64%
2018-12-31	CN¥857.84 Million ≈ $125.53 Million	-10.34%
2017-12-31	CN¥956.80 Million ≈ $140.01 Million	+1.72%
2016-12-31	CN¥940.59 Million ≈ $137.64 Million	+5.69%
2015-12-31	CN¥889.96 Million ≈ $130.23 Million	+2.51%
2014-12-31	CN¥868.21 Million ≈ $127.05 Million	-0.82%
2013-12-31	CN¥875.36 Million ≈ $128.09 Million	+4.32%
2012-12-31	CN¥839.10 Million ≈ $122.79 Million	+6.27%
2011-12-31	CN¥789.60 Million ≈ $115.54 Million	+1.69%
2010-12-31	CN¥776.48 Million ≈ $113.62 Million	+292.74%
2009-12-31	CN¥197.71 Million ≈ $28.93 Million	+27.11%
2008-12-31	CN¥155.54 Million ≈ $22.76 Million	+27.22%
2007-12-31	CN¥122.26 Million ≈ $17.89 Million	+36.01%
2006-12-31	CN¥89.89 Million ≈ $13.15 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
Eurocrane China Co Ltd SHG:603966	$791.65 Million
Beijing SDL Technology Co Ltd SHE:002658	$791.70 Million
Hubei Century Network Technology Co Ltd SHE:300494	$791.70 Million
Sejin Heavy Industries Co Ltd KO:075580	$791.71 Million
Cascades Inc. TO:CAS	$791.49 Million
Semen Indonesia Persero Tbk JK:SMGR	$791.23 Million
Shenzhen Longtech Smart Control Co. Ltd. SHE:300916	$790.97 Million
Anhui Genuine New Materials Co Ltd SHG:603429	$790.51 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: 3.98x
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 44.11x to 3.98x 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¥20.17	x
2007-12-31	CN¥0.60	CN¥20.17	x
2008-12-31	CN¥0.78	CN¥20.17	x
2009-12-31	CN¥0.98	CN¥20.17	x
2010-12-31	CN¥3.17	CN¥20.17	x
2011-12-31	CN¥2.94	CN¥20.17	x
2012-12-31	CN¥2.95	CN¥20.17	x
2013-12-31	CN¥2.95	CN¥20.17	x
2014-12-31	CN¥2.95	CN¥20.17	x
2015-12-31	CN¥3.00	CN¥20.17	x
2016-12-31	CN¥3.12	CN¥20.17	x
2017-12-31	CN¥3.12	CN¥20.17	x
2018-12-31	CN¥3.20	CN¥20.17	x
2019-12-31	CN¥3.18	CN¥20.17	x
2020-12-31	CN¥3.34	CN¥20.17	x
2021-12-31	CN¥3.37	CN¥20.17	x
2022-12-31	CN¥3.20	CN¥20.17	x
2023-12-31	CN¥3.41	CN¥20.17	x
2024-12-31	CN¥5.07	CN¥20.17	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: $2,000,266,877
Average return on equity (ROE) among peers: 11.30%

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	$791.62 Million
Anhui ANLI Artificial Leather (300218)	$277.39 Million	25.56%	1.55x	$485.17 Million
Shandong Tongda Island New Materials Co Ltd (300321)	$616.32 Million	4.67%	0.19x	$491.18 Million
Anhui Korrun Co Ltd (300577)	$1.73 Billion	10.40%	1.03x	$744.03 Million
Guangdong Wanlima Industry Co Ltd (300591)	$281.05 Million	13.17%	1.53x	$470.15 Million
Zhejiang Zoenn Design Co Ltd (300901)	$375.86 Million	29.05%	0.28x	$562.26 Million
Huali Industrial Group Company Limited (300979)	$5.74 Billion	32.72%	0.70x	$6.51 Billion
Zhejiang Aokang Shoes Co Ltd (603001)	$3.72 Billion	7.37%	0.28x	$482.90 Million
Zhejiang Red Dragonfly Footwear Co Ltd (603116)	$3.54 Billion	5.54%	0.32x	$549.74 Million
Topscore Fashion (603608)	$1.72 Billion	-26.74%	0.56x	$808.87 Million

About Wuxi Double Elephant Micro Fibre Material Co Ltd

SHE:002395 China Footwear & Accessories

Market Cap

$791.62 Million

CN¥5.41 Billion CNY

Market Cap Rank

#10214 Global

#2935 in China

Share Price

CN¥20.17

Change (1 day)

+2.49%

52-Week Range

CN¥15.95 - CN¥20.47

All Time High

CN¥1339.31