Zhejiang Ming Jewelry Co Ltd Net Assets
Zhejiang Ming Jewelry Co Ltd net assets. Based on the latest financial reports, Zhejiang Ming Jewelry Co Ltd (002574) has net assets worth CN¥2.71 Billion CNY (≈ $396.74 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.01 Billion ≈ $879.19 Million USD) and total liabilities (CN¥3.30 Billion ≈ $482.45 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. See how leveraged is Zhejiang Ming Jewelry Co Ltd's balance sheet to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.71 Billion |
| % of Total Assets | 45.13% |
| Annual Growth Rate | 12.62% |
| 5-Year Change | -12.33% |
| 10-Year Change | -11.34% |
| Growth Volatility | 72.44 |
Net Assets of Zhejiang Ming Jewelry Co Ltd (2008–2025)
Net assets of Zhejiang Ming Jewelry Co Ltd from 2008 to 2025. This chart illustrates how Zhejiang Ming Jewelry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002574 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Zhejiang Ming Jewelry Co Ltd (2008–2025)
The table below shows the annual net assets of Zhejiang Ming Jewelry Co Ltd from 2008 to 2025. For live market cap and overall valuation, see Zhejiang Ming Jewelry Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.72 Billion ≈ $398.49 Million |
-12.87% |
| 2024-12-31 | CN¥3.13 Billion ≈ $457.33 Million |
-0.27% |
| 2023-12-31 | CN¥3.13 Billion ≈ $458.59 Million |
+6.20% |
| 2022-12-31 | CN¥2.95 Billion ≈ $431.84 Million |
-5.00% |
| 2021-12-31 | CN¥3.11 Billion ≈ $454.55 Million |
+4.61% |
| 2020-12-31 | CN¥2.97 Billion ≈ $434.51 Million |
-8.49% |
| 2019-12-31 | CN¥3.24 Billion ≈ $474.80 Million |
+1.34% |
| 2018-12-31 | CN¥3.20 Billion ≈ $468.50 Million |
+2.04% |
| 2017-12-31 | CN¥3.14 Billion ≈ $459.16 Million |
+2.15% |
| 2016-12-31 | CN¥3.07 Billion ≈ $449.47 Million |
+0.57% |
| 2015-12-31 | CN¥3.05 Billion ≈ $446.91 Million |
+0.16% |
| 2014-12-31 | CN¥3.05 Billion ≈ $446.20 Million |
+6.28% |
| 2013-12-31 | CN¥2.87 Billion ≈ $419.84 Million |
+2.10% |
| 2012-12-31 | CN¥2.81 Billion ≈ $411.19 Million |
+0.49% |
| 2011-12-31 | CN¥2.80 Billion ≈ $409.18 Million |
+307.30% |
| 2010-12-31 | CN¥686.54 Million ≈ $100.46 Million |
+46.08% |
| 2009-12-31 | CN¥469.96 Million ≈ $68.77 Million |
+30.16% |
| 2008-12-31 | CN¥361.07 Million ≈ $52.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Ming Jewelry 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 grown by 109.0% over the analyzed period, indicating profitable operations and earnings retention.
Zhejiang Ming Jewelry Co Ltd Net Assets Breakdown (December 2025)
Zhejiang Ming Jewelry Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥369.89 Million | 13.67% |
| Other Components | CN¥2.33 Billion | 86.33% |
| Total Equity | CN¥2.70 Billion | 100.00% |
Zhejiang Ming Jewelry Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Ming Jewelry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Malaysia Smelting Corporation Bhd
KLSE:5916
|
$335.33 Million |
|
ALPHA
KLSE:0303
|
$335.40 Million |
|
Zhejiang Wanfeng Chemical Co. Ltd. A
SHG:603172
|
$335.51 Million |
|
HiVi Acoustics Technology Co Ltd
SHE:002888
|
$335.52 Million |
|
Shanghai Trendzone Decor Grp
SHG:603030
|
$335.31 Million |
|
Companhia Energética do Ceará - Coelce
SA:COCE3
|
$335.31 Million |
|
Seah Holdings
KO:058650
|
$335.21 Million |
|
Ege Profil Ticaret ve Sanayi AS
IS:EGPRO
|
$335.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Ming Jewelry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,101,353,036 to 2,704,883,140, a change of -396,469,896 (-12.8%).
- Net loss of 359,506,979 reduced equity.
- Dividend payments of 86,507,099 reduced retained earnings.
- Other comprehensive income decreased equity by 193,198,384.
- Other factors increased equity by 242,742,566.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-359.51 Million | -13.29% |
| Dividends Paid | CN¥86.51 Million | -3.2% |
| Other Comprehensive Income | CN¥-193.20 Million | -7.14% |
| Other Changes | CN¥242.74 Million | +8.97% |
| Total Change | CN¥- | -12.78% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Ming Jewelry 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: 0.85x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 3.94x to 0.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.10 | CN¥4.34 | x |
| 2009-12-31 | CN¥1.19 | CN¥4.34 | x |
| 2010-12-31 | CN¥1.73 | CN¥4.34 | x |
| 2011-12-31 | CN¥5.78 | CN¥4.34 | x |
| 2012-12-31 | CN¥5.36 | CN¥4.34 | x |
| 2013-12-31 | CN¥5.50 | CN¥4.34 | x |
| 2014-12-31 | CN¥5.80 | CN¥4.34 | x |
| 2015-12-31 | CN¥5.98 | CN¥4.34 | x |
| 2016-12-31 | CN¥5.62 | CN¥4.34 | x |
| 2017-12-31 | CN¥6.10 | CN¥4.34 | x |
| 2018-12-31 | CN¥5.95 | CN¥4.34 | x |
| 2019-12-31 | CN¥6.16 | CN¥4.34 | x |
| 2020-12-31 | CN¥5.65 | CN¥4.34 | x |
| 2021-12-31 | CN¥5.86 | CN¥4.34 | x |
| 2022-12-31 | CN¥5.59 | CN¥4.34 | x |
| 2023-12-31 | CN¥5.85 | CN¥4.34 | x |
| 2024-12-31 | CN¥5.18 | CN¥4.34 | x |
| 2025-12-31 | CN¥5.12 | CN¥4.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Ming Jewelry 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): -13.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.96%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.41x
- Recent ROE (-13.29%) is below the historical average (5.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 23.93% | 3.04% | 2.07x | 3.79x | CN¥50.25 Million |
| 2009 | 31.70% | 4.51% | 2.04x | 3.45x | CN¥101.93 Million |
| 2010 | 31.58% | 5.38% | 1.91x | 3.07x | CN¥148.12 Million |
| 2011 | 8.97% | 4.26% | 1.60x | 1.32x | CN¥-28.85 Million |
| 2012 | 2.63% | 1.11% | 1.54x | 1.54x | CN¥-207.19 Million |
| 2013 | 2.91% | 0.98% | 1.76x | 1.70x | CN¥-203.47 Million |
| 2014 | 6.56% | 2.92% | 1.37x | 1.64x | CN¥-104.83 Million |
| 2015 | 2.01% | 1.17% | 1.06x | 1.62x | CN¥-244.12 Million |
| 2016 | 1.42% | 1.30% | 0.68x | 1.60x | CN¥-263.57 Million |
| 2017 | 2.79% | 2.37% | 0.95x | 1.24x | CN¥-225.98 Million |
| 2018 | 2.86% | 2.23% | 1.01x | 1.27x | CN¥-228.41 Million |
| 2019 | 1.79% | 1.69% | 0.78x | 1.36x | CN¥-265.92 Million |
| 2020 | -8.68% | -10.25% | 0.61x | 1.39x | CN¥-553.39 Million |
| 2021 | 4.43% | 3.82% | 0.83x | 1.40x | CN¥-171.94 Million |
| 2022 | -5.54% | -4.68% | 0.79x | 1.51x | CN¥-455.82 Million |
| 2023 | 5.13% | 4.04% | 0.53x | 2.38x | CN¥-151.22 Million |
| 2024 | 0.58% | 0.46% | 0.56x | 2.27x | CN¥-292.16 Million |
| 2025 | -13.29% | -10.96% | 0.50x | 2.41x | CN¥-630.00 Million |
Industry Comparison
This section compares Zhejiang Ming Jewelry Co Ltd's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $1,401,333,611
- Average return on equity (ROE) among peers: 12.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Ming Jewelry Co Ltd (002574) | CN¥2.71 Billion | 23.93% | 1.22x | $335.32 Million |
| Shenzhen Tellus Holding Co Ltd (000025) | $878.59 Million | 4.87% | 0.33x | $786.27 Million |
| Fiyta Holdings Ltd (000026) | $70.14 Million | 16.20% | 1.39x | $918.06 Million |
| Innovative Medical Management Co Ltd (002173) | $501.53 Million | 4.73% | 1.10x | $1.07 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $350.15 Million | 24.14% | 0.47x | $976.43 Million |
| Beijing Kingee Culture Development Co Ltd (002721) | $4.92 Billion | -1.11% | 1.85x | $922.29 Million |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $329.65 Million | 23.34% | 1.44x | $9.37 Million |
| Chow Tai Seng Jewellery Co Ltd (002867) | $1.03 Billion | 27.24% | 0.59x | $1.68 Billion |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.73 Billion | 6.83% | 0.39x | $18.91 Million |
| Fiyta Holdings Ltd (200026) | $2.80 Billion | 10.50% | 0.44x | $40.41 Million |
About Zhejiang Ming Jewelry Co Ltd
Zhejiang Ming Jewelry Co., Ltd., together with its subsidiaries, engages in the research, design, development, production, sale, and servicing of precious metal and gemstone jewelry products in Mainland China. It operates through Jewelry Production and Sales, New Energy Photovoltaic Cell Production and Sales Business, and Real Estate Marketing Business segments. The company offers gold, platinum,… Read more