Huasi Agricultural Development Co Ltd (002494) - Net Assets
Based on the latest financial reports, Huasi Agricultural Development Co Ltd (002494) has net assets worth CN¥1.24 Billion CNY (≈ $181.03 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.43 Billion ≈ $209.65 Million USD) and total liabilities (CN¥195.59 Million ≈ $28.62 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. Also explore how large is Huasi Agricultural Development Co Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.24 Billion |
| % of Total Assets | 86.35% |
| Annual Growth Rate | 14.94% |
| 5-Year Change | -20.44% |
| 10-Year Change | -38.57% |
| Growth Volatility | 68.41 |
Huasi Agricultural Development Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Huasi Agricultural Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Huasi Agricultural Development Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Huasi Agricultural Development Co Ltd (2007–2025)
The table below shows the annual net assets of Huasi Agricultural Development Co Ltd from 2007 to 2025. For live valuation and market cap data, see 002494 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.23 Billion ≈ $179.73 Million |
+1.65% |
| 2024-12-31 | CN¥1.21 Billion ≈ $176.81 Million |
+0.46% |
| 2023-12-31 | CN¥1.20 Billion ≈ $176.01 Million |
-1.20% |
| 2022-12-31 | CN¥1.22 Billion ≈ $178.15 Million |
-21.14% |
| 2021-12-31 | CN¥1.54 Billion ≈ $225.90 Million |
+0.98% |
| 2020-12-31 | CN¥1.53 Billion ≈ $223.71 Million |
-19.06% |
| 2019-12-31 | CN¥1.89 Billion ≈ $276.40 Million |
-2.16% |
| 2018-12-31 | CN¥1.93 Billion ≈ $282.50 Million |
+0.66% |
| 2017-12-31 | CN¥1.92 Billion ≈ $280.64 Million |
-4.08% |
| 2016-12-31 | CN¥2.00 Billion ≈ $292.59 Million |
+41.02% |
| 2015-12-31 | CN¥1.42 Billion ≈ $207.48 Million |
+0.43% |
| 2014-12-31 | CN¥1.41 Billion ≈ $206.59 Million |
+35.13% |
| 2013-12-31 | CN¥1.04 Billion ≈ $152.88 Million |
+1.80% |
| 2012-12-31 | CN¥1.03 Billion ≈ $150.18 Million |
+6.12% |
| 2011-12-31 | CN¥967.17 Million ≈ $141.53 Million |
+13.01% |
| 2010-12-31 | CN¥855.82 Million ≈ $125.23 Million |
+292.02% |
| 2009-12-31 | CN¥218.31 Million ≈ $31.95 Million |
+72.78% |
| 2008-12-31 | CN¥126.35 Million ≈ $18.49 Million |
+26.16% |
| 2007-12-31 | CN¥100.15 Million ≈ $14.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Huasi Agricultural Development 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 1843.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.62 Billion | 129.53% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Huasi Agricultural Development Co Ltd Competitors by Market Cap
The table below lists competitors of Huasi Agricultural Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DYNAM JAPAN HOLDINGS Co. Ltd
F:2DJ
|
$254.04 Million |
|
PLINTAS
KLSE:5320
|
$254.08 Million |
|
Platinum Asia Investments Ltd
AU:PAI
|
$254.09 Million |
|
Socep Constant
RO:SOCP
|
$254.12 Million |
|
Kina Securities Ltd
AU:KSL
|
$253.93 Million |
|
Izmir Firca Sanayi ve Ticaret
IS:IZFAS
|
$253.79 Million |
|
ioneer Ltd American Depositary Shares
NASDAQ:IONR
|
$253.66 Million |
|
Shanghai Dragonnet Tech
SHE:300245
|
$253.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huasi Agricultural Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,229,567,781 to 1,249,479,141, a change of 19,911,360 (1.6%).
- Net income of 20,542,560 contributed positively to equity growth.
- Dividend payments of 4,865,206 reduced retained earnings.
- Other comprehensive income increased equity by 7,847,076.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥20.54 Million | +1.64% |
| Dividends Paid | CN¥4.87 Million | -0.39% |
| Other Comprehensive Income | CN¥7.85 Million | +0.63% |
| Other Changes | CN¥-3.61 Million | -0.29% |
| Total Change | CN¥- | 1.62% |
Book Value vs Market Value Analysis
This analysis compares Huasi Agricultural Development 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: 1.39x
- 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 9.02x to 1.39x 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¥0.51 | CN¥4.60 | x |
| 2008-12-31 | CN¥0.80 | CN¥4.60 | x |
| 2009-12-31 | CN¥1.15 | CN¥4.60 | x |
| 2010-12-31 | CN¥3.69 | CN¥4.60 | x |
| 2011-12-31 | CN¥3.09 | CN¥4.60 | x |
| 2012-12-31 | CN¥3.28 | CN¥4.60 | x |
| 2013-12-31 | CN¥3.47 | CN¥4.60 | x |
| 2014-12-31 | CN¥4.11 | CN¥4.60 | x |
| 2015-12-31 | CN¥3.89 | CN¥4.60 | x |
| 2016-12-31 | CN¥5.29 | CN¥4.60 | x |
| 2017-12-31 | CN¥4.96 | CN¥4.60 | x |
| 2018-12-31 | CN¥5.00 | CN¥4.60 | x |
| 2019-12-31 | CN¥4.99 | CN¥4.60 | x |
| 2020-12-31 | CN¥4.10 | CN¥4.60 | x |
| 2021-12-31 | CN¥4.15 | CN¥4.60 | x |
| 2022-12-31 | CN¥3.31 | CN¥4.60 | x |
| 2023-12-31 | CN¥3.25 | CN¥4.60 | x |
| 2024-12-31 | CN¥3.29 | CN¥4.60 | x |
| 2025-12-31 | CN¥3.31 | CN¥4.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huasi Agricultural Development 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): 1.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.17x
- Recent ROE (1.64%) is above the historical average (1.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 5.28% | 1.71% | 1.04x | 2.98x | CN¥-3.92 Million |
| 2008 | 17.28% | 7.26% | 1.18x | 2.02x | CN¥9.02 Million |
| 2009 | 17.12% | 10.52% | 1.06x | 1.54x | CN¥15.55 Million |
| 2010 | 6.15% | 12.74% | 0.46x | 1.05x | CN¥-32.91 Million |
| 2011 | 6.84% | 13.19% | 0.46x | 1.13x | CN¥-28.63 Million |
| 2012 | 7.50% | 13.98% | 0.48x | 1.12x | CN¥-24.23 Million |
| 2013 | 8.21% | 13.19% | 0.45x | 1.38x | CN¥-18.35 Million |
| 2014 | 6.81% | 11.37% | 0.39x | 1.54x | CN¥-44.37 Million |
| 2015 | 1.29% | 3.19% | 0.25x | 1.64x | CN¥-122.41 Million |
| 2016 | 0.76% | 3.00% | 0.20x | 1.27x | CN¥-184.17 Million |
| 2017 | -3.95% | -11.90% | 0.24x | 1.39x | CN¥-266.69 Million |
| 2018 | 0.87% | 3.36% | 0.20x | 1.33x | CN¥-176.12 Million |
| 2019 | 0.89% | 3.54% | 0.19x | 1.34x | CN¥-172.46 Million |
| 2020 | -22.35% | -102.35% | 0.16x | 1.36x | CN¥-500.87 Million |
| 2021 | 1.11% | 4.20% | 0.22x | 1.22x | CN¥-139.09 Million |
| 2022 | -25.34% | -99.31% | 0.19x | 1.32x | CN¥-440.77 Million |
| 2023 | -1.06% | -3.21% | 0.24x | 1.36x | CN¥-135.41 Million |
| 2024 | 1.81% | 4.43% | 0.31x | 1.32x | CN¥-100.74 Million |
| 2025 | 1.64% | 4.40% | 0.32x | 1.17x | CN¥-104.41 Million |
Industry Comparison
This section compares Huasi Agricultural Development Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,043,880,172
- Average return on equity (ROE) among peers: -2.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huasi Agricultural Development Co Ltd (002494) | CN¥1.24 Billion | 5.28% | 0.16x | $253.98 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $1.84 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $6.06 Billion | 5.73% | 0.52x | $909.93 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.39 Billion | 8.55% | 1.29x | $355.71 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.73 Billion | 4.92% | 0.60x | $894.76 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $2.99 Billion | 20.20% | 0.82x | $522.07 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $2.05 Billion | 11.23% | 0.69x | $482.70 Million |
| Cedar Development Co Ltd (002485) | $1.03 Billion | -18.56% | 0.57x | $417.92 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $9.26 Billion | 14.57% | 0.26x | $2.50 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $196.75 Million | -77.99% | 0.99x | $265.52 Million |
About Huasi Agricultural Development Co Ltd
Huasi Holding Company Limited operates in the fur industry in China, Europe, Russia, the United States, Japan, South Korea, Hong Kong, and internationally. The company offers fur clothing, fur accessories, fur pelts, fur fabrics, woven and fashion clothing products. It also involved in the research and development, manufacturing, and sale of garment; manufacturing and selling of leather products;… Read more