Modern Avenue Group Co Ltd
Modern Avenue Group Co., Ltd. operates retail outlets in China and internationally. The company has approximately 200 retail outlets, as well as an e-commerce platform. It offers clothing, bags, skin care, cosmetics, and jewelry and accessories under the CANUDILO and DIRK BIKKEMBERGS brands. The company was founded in 1997 and is headquartered in Guangzhou, China.
Modern Avenue Group Co Ltd (002656) - Net Assets
Latest net assets as of September 2025: CN¥424.94 Million CNY
Based on the latest financial reports, Modern Avenue Group Co Ltd (002656) has net assets worth CN¥424.94 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥744.11 Million) and total liabilities (CN¥319.16 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥424.94 Million |
| % of Total Assets | 57.11% |
| Annual Growth Rate | 8.38% |
| 5-Year Change | -55.76% |
| 10-Year Change | -75.19% |
| Growth Volatility | 72.06 |
Modern Avenue Group Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Modern Avenue Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Modern Avenue Group Co Ltd (2008–2024)
The table below shows the annual net assets of Modern Avenue Group Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥336.01 Million | -9.75% |
| 2023-12-31 | CN¥372.33 Million | -26.54% |
| 2022-12-31 | CN¥506.82 Million | -32.47% |
| 2021-12-31 | CN¥750.50 Million | -1.19% |
| 2020-12-31 | CN¥759.53 Million | +0.41% |
| 2019-12-31 | CN¥756.44 Million | -69.41% |
| 2018-12-31 | CN¥2.47 Billion | +3.00% |
| 2017-12-31 | CN¥2.40 Billion | +28.98% |
| 2016-12-31 | CN¥1.86 Billion | +37.40% |
| 2015-12-31 | CN¥1.35 Billion | +3.87% |
| 2014-12-31 | CN¥1.30 Billion | -1.70% |
| 2013-12-31 | CN¥1.33 Billion | +15.68% |
| 2012-12-31 | CN¥1.15 Billion | +274.13% |
| 2011-12-31 | CN¥306.49 Million | +54.98% |
| 2010-12-31 | CN¥197.76 Million | +48.90% |
| 2009-12-31 | CN¥132.81 Million | +43.25% |
| 2008-12-31 | CN¥92.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Modern Avenue Group 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 23388.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥712.52 Million | 212.05% |
| Other Comprehensive Income | CN¥-147.15 Million | -43.79% |
| Other Components | CN¥1.33 Billion | 396.03% |
| Total Equity | CN¥336.01 Million | 100.00% |
Modern Avenue Group Co Ltd Competitors by Market Cap
The table below lists competitors of Modern Avenue Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK Securities Co Ltd Preference Shares
KO:001515
|
$227.73 Million |
|
Chongqing Sansheng Building Materials Co Ltd
SHE:002742
|
$227.77 Million |
|
SEP Analytical (Shanghai) Co. Ltd.
SHE:301228
|
$227.79 Million |
|
Evolus Inc
NASDAQ:EOLS
|
$227.80 Million |
|
Archimedes Tech SPAC Partners II Co. Ordinary Shares
NASDAQ:ATII
|
$227.70 Million |
|
Shanghai Fenghwa Group Co Ltd
SHG:600615
|
$227.68 Million |
|
BCI Minerals Limited
PINK:BIRNF
|
$227.67 Million |
|
Amber International Holding Limited
NASDAQ:AMBR
|
$227.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Modern Avenue Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 371,389,098 to 336,014,183, a change of -35,374,915 (-9.5%).
- Net loss of 62,098,314 reduced equity.
- Other comprehensive income increased equity by 67,736,622.
- Other factors decreased equity by 41,013,223.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-62.10 Million | -18.48% |
| Other Comprehensive Income | CN¥67.74 Million | +20.16% |
| Other Changes | CN¥-41.01 Million | -12.21% |
| Total Change | CN¥- | -9.53% |
Book Value vs Market Value Analysis
This analysis compares Modern Avenue Group 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: 6.44x
- 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 decreased from 12.48x to 6.44x 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¥0.24 | CN¥3.04 | x |
| 2009-12-31 | CN¥0.35 | CN¥3.04 | x |
| 2010-12-31 | CN¥0.52 | CN¥3.04 | x |
| 2011-12-31 | CN¥0.80 | CN¥3.04 | x |
| 2012-12-31 | CN¥2.30 | CN¥3.04 | x |
| 2013-12-31 | CN¥2.44 | CN¥3.04 | x |
| 2014-12-31 | CN¥2.24 | CN¥3.04 | x |
| 2015-12-31 | CN¥2.21 | CN¥3.04 | x |
| 2016-12-31 | CN¥3.02 | CN¥3.04 | x |
| 2017-12-31 | CN¥3.34 | CN¥3.04 | x |
| 2018-12-31 | CN¥3.34 | CN¥3.04 | x |
| 2019-12-31 | CN¥1.07 | CN¥3.04 | x |
| 2020-12-31 | CN¥1.07 | CN¥3.04 | x |
| 2021-12-31 | CN¥0.80 | CN¥3.04 | x |
| 2022-12-31 | CN¥0.71 | CN¥3.04 | x |
| 2023-12-31 | CN¥0.52 | CN¥3.04 | x |
| 2024-12-31 | CN¥0.47 | CN¥3.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Modern Avenue Group 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): -18.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.68%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.45x
- Recent ROE (-18.48%) is below the historical average (-6.73%), 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 | 20.44% | 13.04% | 0.69x | 2.27x | CN¥9.68 Million |
| 2009 | 30.22% | 16.12% | 0.88x | 2.12x | CN¥26.85 Million |
| 2010 | 32.97% | 19.34% | 0.88x | 1.95x | CN¥45.42 Million |
| 2011 | 35.68% | 23.70% | 0.79x | 1.92x | CN¥78.70 Million |
| 2012 | 15.62% | 27.80% | 0.42x | 1.35x | CN¥63.64 Million |
| 2013 | 12.02% | 18.69% | 0.38x | 1.71x | CN¥25.07 Million |
| 2014 | 1.22% | 2.13% | 0.34x | 1.66x | CN¥-107.32 Million |
| 2015 | 0.85% | 1.41% | 0.26x | 2.32x | CN¥-110.03 Million |
| 2016 | -16.55% | -38.04% | 0.26x | 1.69x | CN¥-460.24 Million |
| 2017 | 5.70% | 14.17% | 0.27x | 1.48x | CN¥-98.86 Million |
| 2018 | 0.33% | 0.51% | 0.47x | 1.40x | CN¥-230.24 Million |
| 2019 | -196.25% | -108.80% | 0.73x | 2.46x | CN¥-1.57 Billion |
| 2020 | 0.96% | 1.43% | 0.43x | 1.58x | CN¥-68.64 Million |
| 2021 | -6.90% | -10.25% | 0.35x | 1.94x | CN¥-96.74 Million |
| 2022 | -8.19% | -18.02% | 0.29x | 1.56x | CN¥-92.02 Million |
| 2023 | -23.98% | -30.76% | 0.49x | 1.61x | CN¥-126.19 Million |
| 2024 | -18.48% | -28.68% | 0.45x | 1.45x | CN¥-95.70 Million |
Industry Comparison
This section compares Modern Avenue Group Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,325,523,488
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Modern Avenue Group Co Ltd (002656) | CN¥424.94 Million | 20.44% | 0.75x | $227.70 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $451.05 Million | 7.04% | 5.02x | $376.25 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.35 Billion | 5.95% | 0.28x | $265.95 Million |
| Cedar Development Co Ltd (002485) | $1.98 Billion | 0.38% | 0.24x | $115.45 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |