Hunan Mendale Hometextile Co Ltd (002397) - Net Assets
Based on the latest financial reports, Hunan Mendale Hometextile Co Ltd (002397) has net assets worth CN¥1.21 Billion CNY (≈ $176.63 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¥2.48 Billion ≈ $362.22 Million USD) and total liabilities (CN¥1.27 Billion ≈ $185.60 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 asset resilience ratio of Hunan Mendale Hometextile Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.21 Billion |
| % of Total Assets | 48.76% |
| Annual Growth Rate | 14.9% |
| 5-Year Change | -35.87% |
| 10-Year Change | -15.46% |
| Growth Volatility | 88.53 |
Hunan Mendale Hometextile Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Hunan Mendale Hometextile Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Hunan Mendale Hometextile Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Hunan Mendale Hometextile Co Ltd (2006–2024)
The table below shows the annual net assets of Hunan Mendale Hometextile Co Ltd from 2006 to 2024. For live valuation and market cap data, see market cap of Hunan Mendale Hometextile Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.18 Billion ≈ $172.78 Million |
+1.34% |
| 2023-12-31 | CN¥1.17 Billion ≈ $170.49 Million |
+2.00% |
| 2022-12-31 | CN¥1.14 Billion ≈ $167.14 Million |
-28.77% |
| 2021-12-31 | CN¥1.60 Billion ≈ $234.65 Million |
-12.90% |
| 2020-12-31 | CN¥1.84 Billion ≈ $269.41 Million |
-10.21% |
| 2019-12-31 | CN¥2.05 Billion ≈ $300.05 Million |
-2.70% |
| 2018-12-31 | CN¥2.11 Billion ≈ $308.37 Million |
+0.30% |
| 2017-12-31 | CN¥2.10 Billion ≈ $307.45 Million |
+37.71% |
| 2016-12-31 | CN¥1.53 Billion ≈ $223.26 Million |
+9.24% |
| 2015-12-31 | CN¥1.40 Billion ≈ $204.38 Million |
+9.72% |
| 2014-12-31 | CN¥1.27 Billion ≈ $186.28 Million |
+8.80% |
| 2013-12-31 | CN¥1.17 Billion ≈ $171.21 Million |
+4.96% |
| 2012-12-31 | CN¥1.11 Billion ≈ $163.12 Million |
+2.38% |
| 2011-12-31 | CN¥1.09 Billion ≈ $159.33 Million |
+6.19% |
| 2010-12-31 | CN¥1.03 Billion ≈ $150.05 Million |
+386.79% |
| 2009-12-31 | CN¥210.65 Million ≈ $30.83 Million |
+30.34% |
| 2008-12-31 | CN¥161.62 Million ≈ $23.65 Million |
+23.18% |
| 2007-12-31 | CN¥131.20 Million ≈ $19.20 Million |
+35.32% |
| 2006-12-31 | CN¥96.96 Million ≈ $14.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hunan Mendale Hometextile 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 836.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥747.78 Million | 63.18% |
| Other Comprehensive Income | CN¥105.96 Million | 8.95% |
| Other Components | CN¥637.26 Million | 53.84% |
| Total Equity | CN¥1.18 Billion | 100.00% |
Hunan Mendale Hometextile Co Ltd Competitors by Market Cap
The table below lists competitors of Hunan Mendale Hometextile Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Yahong Moulding Co Ltd
SHG:603159
|
$528.55 Million |
|
Suli Co Ltd
SHG:603585
|
$528.64 Million |
|
ADENTRA INC.
F:UQ0
|
$528.89 Million |
|
Zhejiang Dibay Electric Co Ltd
SHG:603320
|
$529.03 Million |
|
Yaari Digital Integrated Services Limited
NSE:YAARI
|
$528.49 Million |
|
Anhui Ronds Science & Technology Inc Co
SHG:688768
|
$528.41 Million |
|
Yanpai Filtration Technology Co.Ltd.
SHE:301081
|
$528.28 Million |
|
Veradigm Inc.
NASDAQ:MDRX
|
$528.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hunan Mendale Hometextile Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,163,145,536 to 1,183,528,426, a change of 20,382,890 (1.8%).
- Net income of 24,878,484 contributed positively to equity growth.
- Dividend payments of 17,217,728 reduced retained earnings.
- Share repurchases of 5,940,000 reduced equity.
- Other comprehensive income increased equity by 101,617,442.
- Other factors decreased equity by 82,955,308.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥24.88 Million | +2.1% |
| Dividends Paid | CN¥17.22 Million | -1.45% |
| Share Repurchases | CN¥5.94 Million | -0.5% |
| Other Comprehensive Income | CN¥101.62 Million | +8.59% |
| Other Changes | CN¥-82.96 Million | -7.01% |
| Total Change | CN¥- | 1.75% |
Book Value vs Market Value Analysis
This analysis compares Hunan Mendale Hometextile 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: 3.38x
- 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 24.78x to 3.38x 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¥0.19 | CN¥4.83 | x |
| 2007-12-31 | CN¥0.27 | CN¥4.83 | x |
| 2008-12-31 | CN¥0.32 | CN¥4.83 | x |
| 2009-12-31 | CN¥0.42 | CN¥4.83 | x |
| 2010-12-31 | CN¥1.68 | CN¥4.83 | x |
| 2011-12-31 | CN¥1.64 | CN¥4.83 | x |
| 2012-12-31 | CN¥1.67 | CN¥4.83 | x |
| 2013-12-31 | CN¥1.78 | CN¥4.83 | x |
| 2014-12-31 | CN¥1.89 | CN¥4.83 | x |
| 2015-12-31 | CN¥2.06 | CN¥4.83 | x |
| 2016-12-31 | CN¥2.07 | CN¥4.83 | x |
| 2017-12-31 | CN¥2.71 | CN¥4.83 | x |
| 2018-12-31 | CN¥2.59 | CN¥4.83 | x |
| 2019-12-31 | CN¥2.58 | CN¥4.83 | x |
| 2020-12-31 | CN¥2.41 | CN¥4.83 | x |
| 2021-12-31 | CN¥2.14 | CN¥4.83 | x |
| 2022-12-31 | CN¥1.53 | CN¥4.83 | x |
| 2023-12-31 | CN¥1.56 | CN¥4.83 | x |
| 2024-12-31 | CN¥1.43 | CN¥4.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hunan Mendale Hometextile 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): 2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.45%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 2.12x
- Recent ROE (2.10%) is below the historical average (9.67%), 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 | 44.24% | 9.31% | 1.42x | 3.35x | CN¥32.96 Million |
| 2007 | 35.02% | 9.13% | 1.22x | 3.14x | CN¥32.74 Million |
| 2008 | 31.27% | 8.11% | 1.08x | 3.55x | CN¥34.30 Million |
| 2009 | 42.20% | 14.04% | 0.96x | 3.14x | CN¥67.61 Million |
| 2010 | 8.95% | 10.73% | 0.63x | 1.33x | CN¥-10.71 Million |
| 2011 | 10.27% | 8.93% | 0.80x | 1.44x | CN¥2.92 Million |
| 2012 | 5.17% | 4.81% | 0.75x | 1.44x | CN¥-53.93 Million |
| 2013 | 8.42% | 6.94% | 0.82x | 1.49x | CN¥-18.52 Million |
| 2014 | 11.63% | 9.47% | 0.83x | 1.47x | CN¥20.80 Million |
| 2015 | 11.15% | 10.24% | 0.77x | 1.42x | CN¥16.07 Million |
| 2016 | 6.76% | 6.72% | 0.58x | 1.74x | CN¥-46.53 Million |
| 2017 | 2.58% | 2.65% | 0.59x | 1.66x | CN¥-147.32 Million |
| 2018 | 4.25% | 3.66% | 0.68x | 1.71x | CN¥-114.24 Million |
| 2019 | 4.44% | 3.28% | 0.75x | 1.81x | CN¥-106.76 Million |
| 2020 | 2.49% | 2.02% | 0.66x | 1.87x | CN¥-135.57 Million |
| 2021 | -9.92% | -6.41% | 0.72x | 2.14x | CN¥-317.07 Million |
| 2022 | -39.29% | -22.05% | 0.73x | 2.43x | CN¥-562.24 Million |
| 2023 | 1.93% | 1.04% | 0.82x | 2.26x | CN¥-93.90 Million |
| 2024 | 2.10% | 1.45% | 0.68x | 2.12x | CN¥-93.47 Million |
Industry Comparison
This section compares Hunan Mendale Hometextile Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,330,114,933
- Average return on equity (ROE) among peers: -0.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hunan Mendale Hometextile Co Ltd (002397) | CN¥1.21 Billion | 44.24% | 1.05x | $528.52 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $4.24 Billion | 2.11% | 0.24x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.44 Billion | 0.72% | 1.36x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $602.42 Million | 1.65% | 4.73x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $9.82 Billion | 4.18% | 0.42x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.77 Billion | 10.08% | 0.61x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $5.45 Billion | -0.77% | 1.20x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $656.03 Million | -11.72% | 0.66x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $218.05 Million | -26.65% | 0.95x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.69 Billion | 5.72% | 0.20x | $368.59 Million |
About Hunan Mendale Hometextile Co Ltd
Hunan Mendale Hometextile Co.,Ltd engages in the home textile business in China and internationally. It offers bedding products, such as kits, quilts, pillows, and other products under the Mengjie, MINE, Mengjie Baby, Pingshi Aesthetics, Shazhou Village brands, as well as mattresses, sofas, commercial laundry and care equipment, and detergents through offline direct sales, franchise stores, onlin… Read more