Lancy Co Ltd (002612) - Net Assets
Based on the latest financial reports, Lancy Co Ltd (002612) has net assets worth CN¥4.05 Billion CNY (≈ $593.35 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¥8.62 Billion ≈ $1.26 Billion USD) and total liabilities (CN¥4.56 Billion ≈ $667.65 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 002612 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.05 Billion |
| % of Total Assets | 47.05% |
| Annual Growth Rate | 25.64% |
| 5-Year Change | -5.64% |
| 10-Year Change | 45.97% |
| Growth Volatility | 165.87 |
Lancy Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Lancy Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Lancy Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Lancy Co Ltd (2008–2024)
The table below shows the annual net assets of Lancy Co Ltd from 2008 to 2024. For live valuation and market cap data, see Lancy Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.39 Billion ≈ $496.63 Million |
-9.34% |
| 2023-12-31 | CN¥3.74 Billion ≈ $547.77 Million |
+11.21% |
| 2022-12-31 | CN¥3.37 Billion ≈ $492.56 Million |
+4.05% |
| 2021-12-31 | CN¥3.24 Billion ≈ $473.39 Million |
-10.06% |
| 2020-12-31 | CN¥3.60 Billion ≈ $526.32 Million |
-2.42% |
| 2019-12-31 | CN¥3.69 Billion ≈ $539.35 Million |
-13.97% |
| 2018-12-31 | CN¥4.28 Billion ≈ $626.93 Million |
+13.67% |
| 2017-12-31 | CN¥3.77 Billion ≈ $551.51 Million |
+16.33% |
| 2016-12-31 | CN¥3.24 Billion ≈ $474.09 Million |
+39.34% |
| 2015-12-31 | CN¥2.33 Billion ≈ $340.23 Million |
+3.07% |
| 2014-12-31 | CN¥2.26 Billion ≈ $330.10 Million |
-3.38% |
| 2013-12-31 | CN¥2.33 Billion ≈ $341.63 Million |
+2.36% |
| 2012-12-31 | CN¥2.28 Billion ≈ $333.76 Million |
+6.70% |
| 2011-12-31 | CN¥2.14 Billion ≈ $312.81 Million |
+686.47% |
| 2010-12-31 | CN¥271.81 Million ≈ $39.77 Million |
+34.69% |
| 2009-12-31 | CN¥201.80 Million ≈ $29.53 Million |
+129.09% |
| 2008-12-31 | CN¥88.09 Million ≈ $12.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lancy 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 2321.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.00 Billion | 35.94% |
| Common Stock | CN¥442.44 Million | 15.87% |
| Other Components | CN¥1.34 Billion | 48.18% |
| Total Equity | CN¥2.79 Billion | 100.00% |
Lancy Co Ltd Competitors by Market Cap
The table below lists competitors of Lancy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savara Inc
NASDAQ:SVRA
|
$1.04 Billion |
|
Guotai Epoint Software Co Ltd
SHG:688232
|
$1.04 Billion |
|
Xinjiang Beixin Road&Bridge Group Co Ltd
SHE:002307
|
$1.04 Billion |
|
U Blox Holding AG
SW:UBXN
|
$1.04 Billion |
|
Jamieson Wellness Inc
TO:JWEL
|
$1.04 Billion |
|
Cyient Limited
NSE:CYIENT
|
$1.04 Billion |
|
Qingdao Port International Co. Ltd
F:0QP
|
$1.04 Billion |
|
Altareit
PA:AREIT
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lancy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,012,480,000 to 2,787,343,000, a change of -225,137,000 (-7.5%).
- Net income of 257,202,658 contributed positively to equity growth.
- Dividend payments of 242,899,000 reduced retained earnings.
- Other factors decreased equity by 239,440,658.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥257.20 Million | +9.23% |
| Dividends Paid | CN¥242.90 Million | -8.71% |
| Other Changes | CN¥-239.44 Million | -8.59% |
| Total Change | CN¥- | -7.47% |
Book Value vs Market Value Analysis
This analysis compares Lancy 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: 2.55x
- 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 21.26x to 2.55x 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¥0.76 | CN¥16.09 | x |
| 2009-12-31 | CN¥2.00 | CN¥16.09 | x |
| 2010-12-31 | CN¥0.90 | CN¥16.09 | x |
| 2011-12-31 | CN¥6.40 | CN¥16.09 | x |
| 2012-12-31 | CN¥5.72 | CN¥16.09 | x |
| 2013-12-31 | CN¥5.84 | CN¥16.09 | x |
| 2014-12-31 | CN¥5.68 | CN¥16.09 | x |
| 2015-12-31 | CN¥5.81 | CN¥16.09 | x |
| 2016-12-31 | CN¥6.16 | CN¥16.09 | x |
| 2017-12-31 | CN¥6.69 | CN¥16.09 | x |
| 2018-12-31 | CN¥6.95 | CN¥16.09 | x |
| 2019-12-31 | CN¥7.23 | CN¥16.09 | x |
| 2020-12-31 | CN¥6.72 | CN¥16.09 | x |
| 2021-12-31 | CN¥6.60 | CN¥16.09 | x |
| 2022-12-31 | CN¥7.05 | CN¥16.09 | x |
| 2023-12-31 | CN¥6.81 | CN¥16.09 | x |
| 2024-12-31 | CN¥6.30 | CN¥16.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lancy 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): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.52%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.86x
- Recent ROE (9.23%) is below the historical average (14.94%), 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 | 78.62% | 16.91% | 1.56x | 2.98x | CN¥32.86 Million |
| 2009 | 39.25% | 20.19% | 1.05x | 1.85x | CN¥46.49 Million |
| 2010 | 45.36% | 22.05% | 1.33x | 1.55x | CN¥96.11 Million |
| 2011 | 9.76% | 25.15% | 0.35x | 1.12x | CN¥-5.11 Million |
| 2012 | 10.14% | 20.70% | 0.42x | 1.15x | CN¥3.20 Million |
| 2013 | 10.01% | 16.95% | 0.54x | 1.09x | CN¥271.16K |
| 2014 | 5.37% | 9.81% | 0.43x | 1.28x | CN¥-104.36 Million |
| 2015 | 3.20% | 6.51% | 0.41x | 1.20x | CN¥-158.05 Million |
| 2016 | 6.66% | 11.99% | 0.31x | 1.80x | CN¥-82.38 Million |
| 2017 | 7.01% | 7.97% | 0.34x | 2.59x | CN¥-80.16 Million |
| 2018 | 7.57% | 7.91% | 0.37x | 2.62x | CN¥-67.51 Million |
| 2019 | 1.97% | 1.95% | 0.57x | 1.78x | CN¥-239.02 Million |
| 2020 | 4.80% | 4.94% | 0.56x | 1.74x | CN¥-154.07 Million |
| 2021 | 5.94% | 4.53% | 0.56x | 2.35x | CN¥-118.47 Million |
| 2022 | 0.69% | 0.52% | 0.58x | 2.28x | CN¥-290.37 Million |
| 2023 | 8.42% | 4.45% | 0.78x | 2.43x | CN¥-47.55 Million |
| 2024 | 9.23% | 4.52% | 0.71x | 2.86x | CN¥-21.53 Million |
Industry Comparison
This section compares Lancy Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,059,344,848
- Average return on equity (ROE) among peers: 10.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lancy Co Ltd (002612) | CN¥4.05 Billion | 78.62% | 1.13x | $1.04 Billion |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.93 Billion | 16.67% | 0.63x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $70.14 Million | 21.92% | 1.16x | $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) | $662.92 Million | 18.54% | 0.85x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $148.47 Million | 4.94% | 4.53x | $625.02 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.39 Billion | 8.02% | 0.80x | $576.95 Million |
| Cedar Development Co Ltd (002485) | $1.97 Billion | 1.15% | 0.40x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.20 Billion | -1.08% | 0.39x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.49 Billion | 9.76% | 0.56x | $2.39 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $205.85 Million | 20.48% | 1.18x | $303.66 Million |
About Lancy Co Ltd
Lancy Co., Ltd., together with its subsidiaries, engages in the design, production, and sale of apparel and medical services in China and internationally. The company offers women's clothing under the LANCY, LIME, MoJo S.Phine, and m.tsubomi brands; and children's clothing under the Agabang, ETTOI, DearBaby, 2ya2yao, Putto, Design Skin, and other brands. It is also involved in the medical beauty … Read more