Zhejiang Unifull Industrial Fibre Co Ltd (002427) - Net Assets
Based on the latest financial reports, Zhejiang Unifull Industrial Fibre Co Ltd (002427) has net assets worth CN¥948.28 Million CNY (≈ $138.76 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¥2.47 Billion ≈ $360.81 Million USD) and total liabilities (CN¥1.52 Billion ≈ $222.05 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 002427 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥948.28 Million |
| % of Total Assets | 38.46% |
| Annual Growth Rate | 7.99% |
| 5-Year Change | 1559.5% |
| 10-Year Change | -56.89% |
| Growth Volatility | 616.42 |
Zhejiang Unifull Industrial Fibre Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Unifull Industrial Fibre Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002427 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Unifull Industrial Fibre Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Unifull Industrial Fibre Co Ltd from 2007 to 2024. For live valuation and market cap data, see Zhejiang Unifull Industrial Fibre Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥928.75 Million ≈ $135.90 Million |
-2.81% |
| 2023-12-31 | CN¥955.59 Million ≈ $139.83 Million |
-8.90% |
| 2022-12-31 | CN¥1.05 Billion ≈ $153.50 Million |
+177.43% |
| 2021-12-31 | CN¥-1.35 Billion ≈ $-198.24 Million |
-2520.64% |
| 2020-12-31 | CN¥55.97 Million ≈ $8.19 Million |
-93.07% |
| 2019-12-31 | CN¥807.08 Million ≈ $118.10 Million |
+7.93% |
| 2018-12-31 | CN¥747.80 Million ≈ $109.43 Million |
-58.43% |
| 2017-12-31 | CN¥1.80 Billion ≈ $263.21 Million |
-25.73% |
| 2016-12-31 | CN¥2.42 Billion ≈ $354.40 Million |
+12.41% |
| 2015-12-31 | CN¥2.15 Billion ≈ $315.28 Million |
+93.83% |
| 2014-12-31 | CN¥1.11 Billion ≈ $162.65 Million |
+10.18% |
| 2013-12-31 | CN¥1.01 Billion ≈ $147.63 Million |
+2.21% |
| 2012-12-31 | CN¥987.01 Million ≈ $144.43 Million |
-0.22% |
| 2011-12-31 | CN¥989.23 Million ≈ $144.76 Million |
+2.01% |
| 2010-12-31 | CN¥969.70 Million ≈ $141.90 Million |
+214.25% |
| 2009-12-31 | CN¥308.57 Million ≈ $45.15 Million |
+30.47% |
| 2008-12-31 | CN¥236.50 Million ≈ $34.61 Million |
-5.90% |
| 2007-12-31 | CN¥251.34 Million ≈ $36.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Unifull Industrial Fibre 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 2149.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥985.43 Million | 106.12% |
| Other Comprehensive Income | CN¥97.19 Million | 10.47% |
| Other Components | CN¥1.89 Billion | 203.32% |
| Total Equity | CN¥928.63 Million | 100.00% |
Zhejiang Unifull Industrial Fibre Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Unifull Industrial Fibre Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sung Kwang Bend Co.Ltd
KQ:014620
|
$835.09 Million |
|
Jutze Intelligent Technology Co Ltd
SHE:300802
|
$835.13 Million |
|
Hangzhou Jiebai Group Co Ltd
SHG:600814
|
$835.78 Million |
|
Festi hf
IC:FESTI
|
$836.01 Million |
|
D-MARKET E.S.+T.SP.ADR/1B
F:8WZ
|
$834.81 Million |
|
Beijing Electronic Zone Investment and Development Group Co Ltd
SHG:600658
|
$834.79 Million |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
$834.77 Million |
|
Bassac
PA:BASS
|
$834.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Unifull Industrial Fibre Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 955,562,123 to 928,626,414, a change of -26,935,709 (-2.8%).
- Net loss of 26,935,709 reduced equity.
- Dividend payments of 20,762,521 reduced retained earnings.
- Other comprehensive income increased equity by 97,030,369.
- Other factors decreased equity by 76,267,848.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-26.94 Million | -2.9% |
| Dividends Paid | CN¥20.76 Million | -2.24% |
| Other Comprehensive Income | CN¥97.03 Million | +10.45% |
| Other Changes | CN¥-76.27 Million | -8.21% |
| Total Change | CN¥- | -2.82% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Unifull Industrial Fibre 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: 5.60x
- 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 6.37x to 5.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.91 | CN¥5.79 | x |
| 2008-12-31 | CN¥0.68 | CN¥5.79 | x |
| 2009-12-31 | CN¥0.88 | CN¥5.79 | x |
| 2010-12-31 | CN¥2.37 | CN¥5.79 | x |
| 2011-12-31 | CN¥2.09 | CN¥5.79 | x |
| 2012-12-31 | CN¥2.24 | CN¥5.79 | x |
| 2013-12-31 | CN¥2.09 | CN¥5.79 | x |
| 2014-12-31 | CN¥2.31 | CN¥5.79 | x |
| 2015-12-31 | CN¥4.15 | CN¥5.79 | x |
| 2016-12-31 | CN¥3.99 | CN¥5.79 | x |
| 2017-12-31 | CN¥3.31 | CN¥5.79 | x |
| 2018-12-31 | CN¥1.36 | CN¥5.79 | x |
| 2019-12-31 | CN¥1.47 | CN¥5.79 | x |
| 2020-12-31 | CN¥0.10 | CN¥5.79 | x |
| 2021-12-31 | CN¥-2.47 | CN¥5.79 | x |
| 2022-12-31 | CN¥1.05 | CN¥5.79 | x |
| 2023-12-31 | CN¥0.92 | CN¥5.79 | x |
| 2024-12-31 | CN¥1.03 | CN¥5.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Unifull Industrial Fibre 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): -2.90%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.18%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.68x
- Recent ROE (-2.90%) is above the historical average (-73.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 14.93% | 10.77% | 0.91x | 1.52x | CN¥12.39 Million |
| 2008 | 32.70% | 16.94% | 1.12x | 1.73x | CN¥53.69 Million |
| 2009 | 21.25% | 12.20% | 1.27x | 1.37x | CN¥33.80 Million |
| 2010 | 6.13% | 10.02% | 0.49x | 1.24x | CN¥-36.69 Million |
| 2011 | 3.74% | 4.51% | 0.65x | 1.28x | CN¥-60.43 Million |
| 2012 | 1.39% | 1.47% | 0.49x | 1.94x | CN¥-82.75 Million |
| 2013 | 1.74% | 0.97% | 0.69x | 2.60x | CN¥-81.12 Million |
| 2014 | 8.83% | 3.83% | 0.98x | 2.36x | CN¥-12.59 Million |
| 2015 | 4.74% | 4.99% | 0.65x | 1.45x | CN¥-111.20 Million |
| 2016 | 7.65% | 6.85% | 0.43x | 2.60x | CN¥-51.84 Million |
| 2017 | 18.02% | 6.37% | 0.65x | 4.38x | CN¥144.17 Million |
| 2018 | -140.31% | -27.12% | 0.61x | 8.51x | CN¥-1.12 Billion |
| 2019 | 7.58% | 1.98% | 0.52x | 7.32x | CN¥-19.56 Million |
| 2020 | -1344.11% | -30.70% | 0.45x | 96.70x | CN¥-756.53 Million |
| 2021 | 0.00% | -48.71% | 0.66x | 0.00x | CN¥-1.28 Billion |
| 2022 | 49.32% | 21.14% | 0.99x | 2.37x | CN¥412.40 Million |
| 2023 | -9.76% | -3.61% | 1.03x | 2.62x | CN¥-188.77 Million |
| 2024 | -2.90% | -1.18% | 0.92x | 2.68x | CN¥-119.80 Million |
Industry Comparison
This section compares Zhejiang Unifull Industrial Fibre Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,474,351,262
- Average return on equity (ROE) among peers: 3.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Unifull Industrial Fibre Co Ltd (002427) | CN¥948.28 Million | 14.93% | 1.60x | $834.92 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $3.46 Billion | -0.66% | 0.34x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $1.19 Billion | 7.88% | 0.59x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $288.96 Million | 0.00% | 1.67x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $7.78 Billion | 10.82% | 0.31x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.54 Billion | -4.05% | 0.61x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.73 Billion | 1.75% | 1.49x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $755.81 Million | 6.01% | 0.76x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $284.04 Million | 2.07% | 1.02x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $2.85 Billion | 4.73% | 1.59x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.86 Billion | 3.48% | 0.12x | $368.59 Million |
About Zhejiang Unifull Industrial Fibre Co Ltd
Zhejiang Unifull Industrial Fibre Co., Ltd. engages in the research and development, production, and sale of polyester industrial fibers in China and internationally. The company offers industrial polyester yarns, dipped tire cord fabrics and conveyor belt fabrics, polyester dipped cords, and PVC ceiling soft films through online store. The company was founded in 2003 and is headquartered in Huzh… Read more