Zhejiang Busen Garments Co Ltd (002569) - Net Assets
Based on the latest financial reports, Zhejiang Busen Garments Co Ltd (002569) has net assets worth CN¥27.35 Million CNY (≈ $4.00 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¥198.25 Million ≈ $29.01 Million USD) and total liabilities (CN¥170.91 Million ≈ $25.01 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 Busen Garments Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.35 Million |
| % of Total Assets | 13.79% |
| Annual Growth Rate | -6.89% |
| 5-Year Change | -83.12% |
| 10-Year Change | -93.6% |
| Growth Volatility | 52.34 |
Zhejiang Busen Garments Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Busen Garments Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002569 total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Busen Garments Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Busen Garments Co Ltd from 2007 to 2024. For live valuation and market cap data, see market cap of Zhejiang Busen Garments Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥33.22 Million ≈ $4.86 Million |
-64.42% |
| 2023-12-31 | CN¥93.38 Million ≈ $13.66 Million |
-42.59% |
| 2022-12-31 | CN¥162.66 Million ≈ $23.80 Million |
-35.17% |
| 2021-12-31 | CN¥250.92 Million ≈ $36.72 Million |
+27.53% |
| 2020-12-31 | CN¥196.75 Million ≈ $28.79 Million |
-42.59% |
| 2019-12-31 | CN¥342.68 Million ≈ $50.15 Million |
+12.91% |
| 2018-12-31 | CN¥303.49 Million ≈ $44.41 Million |
-38.24% |
| 2017-12-31 | CN¥491.37 Million ≈ $71.90 Million |
-6.45% |
| 2016-12-31 | CN¥525.26 Million ≈ $76.86 Million |
+1.26% |
| 2015-12-31 | CN¥518.73 Million ≈ $75.91 Million |
+2.24% |
| 2014-12-31 | CN¥507.36 Million ≈ $74.24 Million |
-16.89% |
| 2013-12-31 | CN¥610.44 Million ≈ $89.33 Million |
-0.42% |
| 2012-12-31 | CN¥613.00 Million ≈ $89.70 Million |
+5.30% |
| 2011-12-31 | CN¥582.17 Million ≈ $85.19 Million |
+182.81% |
| 2010-12-31 | CN¥205.85 Million ≈ $30.12 Million |
+25.76% |
| 2009-12-31 | CN¥163.69 Million ≈ $23.95 Million |
+20.43% |
| 2008-12-31 | CN¥135.92 Million ≈ $19.89 Million |
+21.61% |
| 2007-12-31 | CN¥111.77 Million ≈ $16.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Busen Garments 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 1405.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥144.01 Million | 417.63% |
| Other Components | CN¥371.15 Million | 1076.32% |
| Total Equity | CN¥34.48 Million | 100.00% |
Zhejiang Busen Garments Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Busen Garments Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret AS
IS:MOBTL
|
$303.73 Million |
|
3D Systems Corporation
NYSE:DDD
|
$303.80 Million |
|
Asia Cement
KO:002030
|
$303.92 Million |
|
Cloud Live Technology Group Co Ltd
SHE:002306
|
$304.18 Million |
|
Galan Lithium Limited
F:9CH
|
$303.62 Million |
|
Chengdu Qinchuan IoT Technology Co Ltd
SHG:688528
|
$303.61 Million |
|
Pubmatic Inc
NASDAQ:PUBM
|
$303.55 Million |
|
Hansa Biopharma AB
ST:HNSA
|
$303.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Busen Garments Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 91,871,819 to 34,482,896, a change of -57,388,923 (-62.5%).
- Net loss of 51,397,403 reduced equity.
- Share repurchases of 11,418,000 reduced equity.
- Other comprehensive income decreased equity by 20,821,729.
- Other factors increased equity by 26,248,209.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-51.40 Million | -149.05% |
| Share Repurchases | CN¥11.42 Million | -33.11% |
| Other Comprehensive Income | CN¥-20.82 Million | -60.38% |
| Other Changes | CN¥26.25 Million | +76.12% |
| Total Change | CN¥- | -62.47% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Busen Garments 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: 58.51x
- 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 increased from 11.84x to 58.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.22 | CN¥14.41 | x |
| 2008-12-31 | CN¥1.51 | CN¥14.41 | x |
| 2009-12-31 | CN¥1.81 | CN¥14.41 | x |
| 2010-12-31 | CN¥2.25 | CN¥14.41 | x |
| 2011-12-31 | CN¥5.26 | CN¥14.41 | x |
| 2012-12-31 | CN¥4.38 | CN¥14.41 | x |
| 2013-12-31 | CN¥4.02 | CN¥14.41 | x |
| 2014-12-31 | CN¥3.61 | CN¥14.41 | x |
| 2015-12-31 | CN¥3.61 | CN¥14.41 | x |
| 2016-12-31 | CN¥3.98 | CN¥14.41 | x |
| 2017-12-31 | CN¥3.49 | CN¥14.41 | x |
| 2018-12-31 | CN¥2.14 | CN¥14.41 | x |
| 2019-12-31 | CN¥2.44 | CN¥14.41 | x |
| 2020-12-31 | CN¥1.38 | CN¥14.41 | x |
| 2021-12-31 | CN¥1.81 | CN¥14.41 | x |
| 2022-12-31 | CN¥1.11 | CN¥14.41 | x |
| 2023-12-31 | CN¥0.66 | CN¥14.41 | x |
| 2024-12-31 | CN¥0.25 | CN¥14.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Busen Garments 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): -149.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -38.85%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 5.49x
- Recent ROE (-149.05%) is below the historical average (-16.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 24.02% | 6.43% | 1.33x | 2.80x | CN¥15.67 Million |
| 2008 | 20.35% | 6.24% | 1.30x | 2.51x | CN¥14.06 Million |
| 2009 | 19.96% | 7.04% | 1.25x | 2.27x | CN¥16.30 Million |
| 2010 | 20.48% | 7.85% | 1.20x | 2.18x | CN¥21.57 Million |
| 2011 | 9.08% | 7.39% | 0.83x | 1.49x | CN¥-5.38 Million |
| 2012 | 6.55% | 6.15% | 0.74x | 1.44x | CN¥-21.14 Million |
| 2013 | 0.99% | 0.93% | 0.72x | 1.48x | CN¥-54.91 Million |
| 2014 | -20.25% | -21.30% | 0.59x | 1.61x | CN¥-153.37 Million |
| 2015 | 2.22% | 2.86% | 0.59x | 1.32x | CN¥-40.35 Million |
| 2016 | 1.26% | 1.79% | 0.59x | 1.19x | CN¥-45.92 Million |
| 2017 | -6.88% | -9.83% | 0.48x | 1.45x | CN¥-82.94 Million |
| 2018 | -64.59% | -60.28% | 0.49x | 2.21x | CN¥-222.68 Million |
| 2019 | 13.12% | 12.39% | 0.58x | 1.82x | CN¥10.59 Million |
| 2020 | -79.03% | -60.24% | 0.65x | 2.01x | CN¥-172.85 Million |
| 2021 | 15.67% | 14.37% | 0.73x | 1.50x | CN¥14.51 Million |
| 2022 | -44.12% | -45.46% | 0.52x | 1.86x | CN¥-86.18 Million |
| 2023 | -72.93% | -46.50% | 0.61x | 2.58x | CN¥-76.19 Million |
| 2024 | -149.05% | -38.85% | 0.70x | 5.49x | CN¥-54.85 Million |
Industry Comparison
This section compares Zhejiang Busen Garments Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,546,715,863
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Busen Garments Co Ltd (002569) | CN¥27.35 Million | 24.02% | 6.25x | $303.66 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.73 Billion | 16.42% | 0.48x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $5.80 Billion | 5.97% | 0.48x | $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) | $4.50 Billion | 11.00% | 0.48x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $3.10 Billion | -13.91% | 1.24x | $625.02 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.39 Billion | 8.02% | 0.80x | $576.95 Million |
| Cedar Development Co Ltd (002485) | $445.93 Million | 24.89% | 1.15x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.93 Billion | 0.87% | 0.33x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.49 Billion | 9.76% | 0.56x | $2.39 Billion |
About Zhejiang Busen Garments Co Ltd
Zhejiang Busen Garments Co., Ltd., together with its subsidiaries, designs, produces, and sells men's brand clothing in China and internationally. The company offers labor protective clothing, apparel, knitwear, and leather products through online and offline distribution, and direct and sales. It also provides technology promotion and application, and software and information technology services… Read more