Zhejiang Jiaxin Silk Corp Ltd (002404) - Net Assets
Based on the latest financial reports, Zhejiang Jiaxin Silk Corp Ltd (002404) has net assets worth CN¥2.07 Billion CNY (≈ $302.97 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¥3.54 Billion ≈ $517.86 Million USD) and total liabilities (CN¥1.47 Billion ≈ $214.89 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 Zhejiang Jiaxin Silk Corp Ltd (002404) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 002404 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 002404 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.09 Billion ≈ $305.53 Million |
-2.48% |
| 2023-12-31 | CN¥2.14 Billion ≈ $313.31 Million |
+4.40% |
| 2022-12-31 | CN¥2.05 Billion ≈ $300.09 Million |
+8.27% |
| 2021-12-31 | CN¥1.89 Billion ≈ $277.18 Million |
-1.17% |
| 2020-12-31 | CN¥1.92 Billion ≈ $280.45 Million |
+3.78% |
| 2019-12-31 | CN¥1.85 Billion ≈ $270.24 Million |
+1.30% |
| 2018-12-31 | CN¥1.82 Billion ≈ $266.76 Million |
+30.76% |
| 2017-12-31 | CN¥1.39 Billion ≈ $204.02 Million |
+2.24% |
| 2016-12-31 | CN¥1.36 Billion ≈ $199.55 Million |
+2.86% |
| 2015-12-31 | CN¥1.33 Billion ≈ $194.00 Million |
-2.22% |
| 2014-12-31 | CN¥1.36 Billion ≈ $198.40 Million |
+0.74% |
| 2013-12-31 | CN¥1.35 Billion ≈ $196.96 Million |
+2.41% |
| 2012-12-31 | CN¥1.31 Billion ≈ $192.31 Million |
+4.21% |
| 2011-12-31 | CN¥1.26 Billion ≈ $184.54 Million |
+5.20% |
| 2010-12-31 | CN¥1.20 Billion ≈ $175.42 Million |
+167.79% |
| 2009-12-31 | CN¥447.66 Million ≈ $65.51 Million |
+17.72% |
| 2008-12-31 | CN¥380.29 Million ≈ $55.65 Million |
+3.39% |
| 2007-12-31 | CN¥367.82 Million ≈ $53.82 Million |
+24.33% |
| 2006-12-31 | CN¥295.83 Million ≈ $43.29 Million |
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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 |
|---|---|
|
Polyrocks Chemical Co Ltd
SHG:688669
|
$577.03 Million |
|
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A
SHE:002932
|
$577.41 Million |
|
Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS
IS:BRISA
|
$577.46 Million |
|
YLZ Information Tech Co
SHE:300096
|
$577.63 Million |
|
Taiwan Sakura Corp
TW:9911
|
$576.88 Million |
|
Sanlux Co Ltd
SHE:002224
|
$576.87 Million |
|
Peet Ltd
AU:PPC
|
$576.38 Million |
|
Sinopec Shandong Taishan Petroleum Co Ltd
SHE:000554
|
$576.21 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: 1.98x
- 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 11.55x to 1.98x 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¥0.61 | CN¥7.04 | x |
| 2007-12-31 | CN¥0.78 | CN¥7.04 | x |
| 2008-12-31 | CN¥0.80 | CN¥7.04 | x |
| 2009-12-31 | CN¥0.94 | CN¥7.04 | x |
| 2010-12-31 | CN¥2.38 | CN¥7.04 | x |
| 2011-12-31 | CN¥2.19 | CN¥7.04 | x |
| 2012-12-31 | CN¥2.31 | CN¥7.04 | x |
| 2013-12-31 | CN¥2.39 | CN¥7.04 | x |
| 2014-12-31 | CN¥2.43 | CN¥7.04 | x |
| 2015-12-31 | CN¥2.36 | CN¥7.04 | x |
| 2016-12-31 | CN¥2.47 | CN¥7.04 | x |
| 2017-12-31 | CN¥2.49 | CN¥7.04 | x |
| 2018-12-31 | CN¥3.06 | CN¥7.04 | x |
| 2019-12-31 | CN¥3.03 | CN¥7.04 | x |
| 2020-12-31 | CN¥3.24 | CN¥7.04 | x |
| 2021-12-31 | CN¥3.23 | CN¥7.04 | x |
| 2022-12-31 | CN¥3.50 | CN¥7.04 | x |
| 2023-12-31 | CN¥3.59 | CN¥7.04 | x |
| 2024-12-31 | CN¥3.56 | CN¥7.04 | 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: $2,133,249,266
- Average return on equity (ROE) among peers: 11.31%
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 | $576.95 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.93 Billion | 16.67% | 0.63x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $70.14 Million | 21.92% | 1.16x | $1.15 Billion |
| Fujian SBS Zipper Science Tech (002098) | $519.60 Million | 9.44% | 0.96x | $451.57 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $662.92 Million | 18.54% | 0.85x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $148.47 Million | 4.94% | 4.53x | $625.02 Million |
| Cedar Development Co Ltd (002485) | $1.97 Billion | 1.15% | 0.40x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.20 Billion | -1.08% | 0.39x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.49 Billion | 9.76% | 0.56x | $2.39 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $205.85 Million | 20.48% | 1.18x | $303.66 Million |
About 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