Zhejiang Jiaxin Silk Corp Ltd
Zhejiang Jiaxin Silk Corp.,Ltd. research and development, production, and sales of silk products in China and internationally. The company offers silk underwear, home clothes, home textiles, household products, cultural products, fashion, and culture products. It also involved in the dyeing, printing, and processing of fabrics; and manufacturing of precision hardware components, including electri… Read more
Zhejiang Jiaxin Silk Corp Ltd (002404) - Net Assets
Latest net assets as of September 2025: CN¥2.07 Billion CNY
Based on the latest financial reports, Zhejiang Jiaxin Silk Corp Ltd (002404) has net assets worth CN¥2.07 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¥3.54 Billion) and total liabilities (CN¥1.47 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¥2.07 Billion |
| % of Total Assets | 58.5% |
| Annual Growth Rate | 11.47% |
| 5-Year Change | 8.94% |
| 10-Year Change | 57.49% |
| Growth Volatility | 38.04 |
Zhejiang Jiaxin Silk Corp Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Zhejiang Jiaxin Silk Corp 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 Zhejiang Jiaxin Silk Corp Ltd (2006–2024)
The table below shows the annual net assets of Zhejiang Jiaxin Silk Corp Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.09 Billion | -2.48% |
| 2023-12-31 | CN¥2.14 Billion | +4.40% |
| 2022-12-31 | CN¥2.05 Billion | +8.27% |
| 2021-12-31 | CN¥1.89 Billion | -1.17% |
| 2020-12-31 | CN¥1.92 Billion | +3.78% |
| 2019-12-31 | CN¥1.85 Billion | +1.30% |
| 2018-12-31 | CN¥1.82 Billion | +30.76% |
| 2017-12-31 | CN¥1.39 Billion | +2.24% |
| 2016-12-31 | CN¥1.36 Billion | +2.86% |
| 2015-12-31 | CN¥1.33 Billion | -2.22% |
| 2014-12-31 | CN¥1.36 Billion | +0.74% |
| 2013-12-31 | CN¥1.35 Billion | +2.41% |
| 2012-12-31 | CN¥1.31 Billion | +4.21% |
| 2011-12-31 | CN¥1.26 Billion | +5.20% |
| 2010-12-31 | CN¥1.20 Billion | +167.79% |
| 2009-12-31 | CN¥447.66 Million | +17.72% |
| 2008-12-31 | CN¥380.29 Million | +3.39% |
| 2007-12-31 | CN¥367.82 Million | +24.33% |
| 2006-12-31 | CN¥295.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jiaxin Silk Corp 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 645.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥658.67 Million | 33.05% |
| Common Stock | CN¥560.05 Million | 28.10% |
| Other Comprehensive Income | CN¥258.95 Million | 12.99% |
| Other Components | CN¥515.30 Million | 25.86% |
| Total Equity | CN¥1.99 Billion | 100.00% |
Zhejiang Jiaxin Silk Corp Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Jiaxin Silk Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Skellerup Holdings Limited
PINK:SKLUY
|
$265.97 Million |
|
NATL RESH CORP. DL-001
F:NR1A
|
$265.98 Million |
|
Zhengzhou Qianweiyangchu Food Co Ltd
SHE:001215
|
$266.09 Million |
|
CHECKPOINT THER. DL-0001
F:CZTA
|
$266.10 Million |
|
On the Beach Group plc
PINK:OOBHF
|
$265.93 Million |
|
Zenner Metering Technology (Shanghai) Ltd. A
SHE:301303
|
$265.92 Million |
|
Shenzhen Dvision Video Communica
SHE:300167
|
$265.87 Million |
|
Bumi Serpong Damai Tbk
JK:BSDE
|
$265.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jiaxin Silk Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,050,341,394 to 1,992,966,129, a change of -57,375,265 (-2.8%).
- Net income of 160,728,914 contributed positively to equity growth.
- Dividend payments of 188,717,566 reduced retained earnings.
- Share repurchases of 50,100,119 reduced equity.
- Other comprehensive income increased equity by 258,835,347.
- Other factors decreased equity by 238,121,841.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥160.73 Million | +8.06% |
| Dividends Paid | CN¥188.72 Million | -9.47% |
| Share Repurchases | CN¥50.10 Million | -2.51% |
| Other Comprehensive Income | CN¥258.84 Million | +12.99% |
| Other Changes | CN¥-238.12 Million | -11.95% |
| Total Change | CN¥- | -2.80% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jiaxin Silk Corp 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: 1.96x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.47x to 1.96x 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¥0.61 | CN¥6.99 | x |
| 2007-12-31 | CN¥0.78 | CN¥6.99 | x |
| 2008-12-31 | CN¥0.80 | CN¥6.99 | x |
| 2009-12-31 | CN¥0.94 | CN¥6.99 | x |
| 2010-12-31 | CN¥2.38 | CN¥6.99 | x |
| 2011-12-31 | CN¥2.19 | CN¥6.99 | x |
| 2012-12-31 | CN¥2.31 | CN¥6.99 | x |
| 2013-12-31 | CN¥2.39 | CN¥6.99 | x |
| 2014-12-31 | CN¥2.43 | CN¥6.99 | x |
| 2015-12-31 | CN¥2.36 | CN¥6.99 | x |
| 2016-12-31 | CN¥2.47 | CN¥6.99 | x |
| 2017-12-31 | CN¥2.49 | CN¥6.99 | x |
| 2018-12-31 | CN¥3.06 | CN¥6.99 | x |
| 2019-12-31 | CN¥3.03 | CN¥6.99 | x |
| 2020-12-31 | CN¥3.24 | CN¥6.99 | x |
| 2021-12-31 | CN¥3.23 | CN¥6.99 | x |
| 2022-12-31 | CN¥3.50 | CN¥6.99 | x |
| 2023-12-31 | CN¥3.59 | CN¥6.99 | x |
| 2024-12-31 | CN¥3.56 | CN¥6.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jiaxin Silk Corp 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): 8.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.52%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 1.69x
- Recent ROE (8.06%) is below the historical average (10.34%), 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 | 20.02% | 3.16% | 1.28x | 4.94x | CN¥23.77 Million |
| 2007 | 20.69% | 3.63% | 1.90x | 3.01x | CN¥32.49 Million |
| 2008 | 17.71% | 3.68% | 1.65x | 2.93x | CN¥24.15 Million |
| 2009 | 17.41% | 4.46% | 1.62x | 2.41x | CN¥27.33 Million |
| 2010 | 6.87% | 4.70% | 1.12x | 1.31x | CN¥-34.71 Million |
| 2011 | 7.55% | 5.30% | 1.07x | 1.34x | CN¥-28.30 Million |
| 2012 | 7.58% | 5.28% | 1.08x | 1.33x | CN¥-29.22 Million |
| 2013 | 6.49% | 4.42% | 1.05x | 1.40x | CN¥-43.32 Million |
| 2014 | 6.17% | 3.86% | 1.01x | 1.58x | CN¥-48.07 Million |
| 2015 | 4.66% | 2.90% | 0.96x | 1.67x | CN¥-66.93 Million |
| 2016 | 7.70% | 4.42% | 0.99x | 1.76x | CN¥-29.79 Million |
| 2017 | 8.42% | 4.03% | 1.10x | 1.89x | CN¥-21.02 Million |
| 2018 | 8.18% | 4.51% | 1.05x | 1.73x | CN¥-31.90 Million |
| 2019 | 8.91% | 4.59% | 1.14x | 1.71x | CN¥-19.34 Million |
| 2020 | 10.58% | 7.48% | 0.86x | 1.64x | CN¥10.73 Million |
| 2021 | 7.22% | 3.54% | 0.98x | 2.09x | CN¥-50.44 Million |
| 2022 | 11.73% | 5.32% | 1.25x | 1.76x | CN¥33.91 Million |
| 2023 | 10.58% | 5.04% | 1.21x | 1.73x | CN¥11.83 Million |
| 2024 | 8.06% | 3.52% | 1.36x | 1.69x | CN¥-38.57 Million |
Industry Comparison
This section compares Zhejiang Jiaxin Silk Corp Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,434,364,571
- Average return on equity (ROE) among peers: 11.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jiaxin Silk Corp Ltd (002404) | CN¥2.07 Billion | 20.02% | 0.71x | $265.95 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $451.05 Million | 7.04% | 5.02x | $376.25 Million |
| Cedar Development Co Ltd (002485) | $1.98 Billion | 0.38% | 0.24x | $115.45 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |