Zhejiang Ming Jewelry Co Ltd (002574) - Net Assets
Based on the latest financial reports, Zhejiang Ming Jewelry Co Ltd (002574) has net assets worth CN¥3.01 Billion CNY (≈ $439.79 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¥7.03 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥4.02 Billion ≈ $588.61 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 Ming Jewelry Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.01 Billion |
| % of Total Assets | 42.76% |
| Annual Growth Rate | 14.44% |
| 5-Year Change | 5.25% |
| 10-Year Change | 2.33% |
| Growth Volatility | 74.12 |
Zhejiang Ming Jewelry Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Ming Jewelry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Ming Jewelry Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Ming Jewelry Co Ltd (2008–2024)
The table below shows the annual net assets of Zhejiang Ming Jewelry Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002574 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 312.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥729.40 Million | 23.52% |
| Common Stock | CN¥528.00 Million | 17.02% |
| Other Comprehensive Income | CN¥193.20 Million | 6.23% |
| Other Components | CN¥1.65 Billion | 53.23% |
| Total Equity | CN¥3.10 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 |
|---|---|
|
B&G Foods Inc
NYSE:BGS
|
$441.46 Million |
|
Investors Title Company
NASDAQ:ITIC
|
$441.47 Million |
|
Zhejiang Shengda Pharm
SHG:603079
|
$441.47 Million |
|
WideOpenWest Inc
NYSE:WOW
|
$441.57 Million |
|
Guolin Environmental Tech Co Ltd
SHE:300786
|
$441.07 Million |
|
Inzone Group Co Ltd
SHG:600858
|
$440.63 Million |
|
Nederman Holding AB
ST:NMAN
|
$440.59 Million |
|
Guangzhou Echom Sci&Tech Co Ltd
SHE:002420
|
$440.55 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 2023 to 2024, total equity changed from 3,102,989,641 to 3,101,353,036, a change of -1,636,605 (-0.1%).
- Net income of 17,977,465 contributed positively to equity growth.
- Dividend payments of 144,868,153 reduced retained earnings.
- Other comprehensive income increased equity by 52,136,435.
- Other factors increased equity by 73,117,648.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥17.98 Million | +0.58% |
| Dividends Paid | CN¥144.87 Million | -4.67% |
| Other Comprehensive Income | CN¥52.14 Million | +1.68% |
| Other Changes | CN¥73.12 Million | +2.36% |
| Total Change | CN¥- | -0.05% |
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: 1.10x
- 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 5.18x to 1.10x 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¥5.71 | x |
| 2009-12-31 | CN¥1.19 | CN¥5.71 | x |
| 2010-12-31 | CN¥1.73 | CN¥5.71 | x |
| 2011-12-31 | CN¥5.78 | CN¥5.71 | x |
| 2012-12-31 | CN¥5.36 | CN¥5.71 | x |
| 2013-12-31 | CN¥5.50 | CN¥5.71 | x |
| 2014-12-31 | CN¥5.80 | CN¥5.71 | x |
| 2015-12-31 | CN¥5.98 | CN¥5.71 | x |
| 2016-12-31 | CN¥5.62 | CN¥5.71 | x |
| 2017-12-31 | CN¥6.10 | CN¥5.71 | x |
| 2018-12-31 | CN¥5.95 | CN¥5.71 | x |
| 2019-12-31 | CN¥6.13 | CN¥5.71 | x |
| 2020-12-31 | CN¥5.61 | CN¥5.71 | x |
| 2021-12-31 | CN¥5.85 | CN¥5.71 | x |
| 2022-12-31 | CN¥5.55 | CN¥5.71 | x |
| 2023-12-31 | CN¥5.85 | CN¥5.71 | x |
| 2024-12-31 | CN¥5.18 | CN¥5.71 | 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): 0.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.46%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.27x
- Recent ROE (0.58%) is below the historical average (6.77%), 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 | -8.70% | -10.27% | 0.61x | 1.39x | CN¥-554.12 Million |
| 2021 | 4.43% | 3.82% | 0.83x | 1.40x | CN¥-171.94 Million |
| 2022 | -5.54% | -4.68% | 0.79x | 1.51x | CN¥-455.70 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 |
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: $2,043,482,368
- Average return on equity (ROE) among peers: 10.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Ming Jewelry Co Ltd (002574) | CN¥3.01 Billion | 23.93% | 1.34x | $441.17 Million |
| Shenzhen Tellus Holding Co Ltd (000025) | $242.35 Million | 2.14% | 4.26x | $954.10 Million |
| Fiyta Holdings Ltd (000026) | $3.33 Billion | 9.99% | 0.26x | $968.83 Million |
| Innovative Medical Management Co Ltd (002173) | $134.18 Million | 19.54% | 1.80x | $1.50 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $2.44 Billion | 7.22% | 0.40x | $1.37 Billion |
| Beijing Kingee Culture Development Co Ltd (002721) | $908.61 Million | 7.58% | 2.36x | $1.19 Billion |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $1.31 Billion | 3.60% | 1.38x | $163.05 Million |
| Chow Tai Seng Jewellery Co Ltd (002867) | $6.38 Billion | 20.61% | 0.25x | $2.11 Billion |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.34 Billion | 16.40% | 0.23x | $21.50 Million |
| Fiyta Holdings Ltd (200026) | $2.30 Billion | 5.28% | 0.84x | $36.57 Million |
About Zhejiang Ming Jewelry Co Ltd
Zhejiang Ming Jewelry Co., Ltd. engages in the research, development, design, production, and sales of precious metals and gemstone jewelry products in Mainland China. The company offers platinum, diamond, and gold jewelry, as well as silver. It offers its products through Ming brand, as well as online. The company was founded in 1987 and is headquartered in Shaoxing, China.