Modern Avenue Group Co Ltd (002656) - Net Assets
Based on the latest financial reports, Modern Avenue Group Co Ltd (002656) has net assets worth CN¥399.49 Million CNY (≈ $58.46 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¥643.75 Million ≈ $94.20 Million USD) and total liabilities (CN¥244.26 Million ≈ $35.74 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 002656 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥399.49 Million |
| % of Total Assets | 62.06% |
| Annual Growth Rate | 9.22% |
| 5-Year Change | -44.71% |
| 10-Year Change | -77.7% |
| Growth Volatility | 69.91 |
Modern Avenue Group Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Modern Avenue Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002656 market cap overview.
Annual Net Assets for Modern Avenue Group Co Ltd (2008–2025)
The table below shows the annual net assets of Modern Avenue Group Co Ltd from 2008 to 2025. Also explore 002656 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥414.93 Million ≈ $60.72 Million |
+23.49% |
| 2024-12-31 | CN¥336.01 Million ≈ $49.17 Million |
-9.75% |
| 2023-12-31 | CN¥372.33 Million ≈ $54.48 Million |
-26.54% |
| 2022-12-31 | CN¥506.82 Million ≈ $74.16 Million |
-32.47% |
| 2021-12-31 | CN¥750.50 Million ≈ $109.82 Million |
-1.19% |
| 2020-12-31 | CN¥759.53 Million ≈ $111.14 Million |
+0.41% |
| 2019-12-31 | CN¥756.44 Million ≈ $110.69 Million |
-69.41% |
| 2018-12-31 | CN¥2.47 Billion ≈ $361.80 Million |
+3.00% |
| 2017-12-31 | CN¥2.40 Billion ≈ $351.26 Million |
+28.98% |
| 2016-12-31 | CN¥1.86 Billion ≈ $272.33 Million |
+37.40% |
| 2015-12-31 | CN¥1.35 Billion ≈ $198.21 Million |
+3.87% |
| 2014-12-31 | CN¥1.30 Billion ≈ $190.81 Million |
-1.70% |
| 2013-12-31 | CN¥1.33 Billion ≈ $194.11 Million |
+15.68% |
| 2012-12-31 | CN¥1.15 Billion ≈ $167.79 Million |
+274.13% |
| 2011-12-31 | CN¥306.49 Million ≈ $44.85 Million |
+54.98% |
| 2010-12-31 | CN¥197.76 Million ≈ $28.94 Million |
+48.90% |
| 2009-12-31 | CN¥132.81 Million ≈ $19.43 Million |
+43.25% |
| 2008-12-31 | CN¥92.71 Million ≈ $13.57 Million |
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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 27559.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.25 Billion | 543.33% |
| Total Equity | CN¥414.93 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 |
|---|---|
|
Shanghai Kaytune Industrial Co.Ltd
SHE:301001
|
$291.02 Million |
|
Archimedes Tech SPAC Partners II Co. Unit
NASDAQ:ATIIU
|
$291.15 Million |
|
IMC SA
WAR:IMC
|
$291.15 Million |
|
Vimta Labs Limited
NSE:VIMTALABS
|
$291.46 Million |
|
Shandong Sino-Agri United Biotechnology Co Ltd
SHE:003042
|
$290.85 Million |
|
Green Cross
KO:005250
|
$290.81 Million |
|
NeXGold Mining Corp
V:NEXG
|
$290.68 Million |
|
Alussa Energy Acquisition Corp. II
NYSE:ALUB
|
$290.66 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 2024 to 2025, total equity changed from 336,014,183 to 414,932,529, a change of 78,918,346 (23.5%).
- Net loss of 44,911,278 reduced equity.
- Dividend payments of 1,425,820 reduced retained earnings.
- Other comprehensive income increased equity by 147,151,114.
- Other factors decreased equity by 21,895,670.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-44.91 Million | -10.82% |
| Dividends Paid | CN¥1.43 Million | -0.34% |
| Other Comprehensive Income | CN¥147.15 Million | +35.46% |
| Other Changes | CN¥-21.90 Million | -5.28% |
| Total Change | CN¥- | 23.49% |
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: 4.79x
- 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 11.45x to 4.79x 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¥2.79 | x |
| 2009-12-31 | CN¥0.35 | CN¥2.79 | x |
| 2010-12-31 | CN¥0.52 | CN¥2.79 | x |
| 2011-12-31 | CN¥0.80 | CN¥2.79 | x |
| 2012-12-31 | CN¥2.31 | CN¥2.79 | x |
| 2013-12-31 | CN¥2.44 | CN¥2.79 | x |
| 2014-12-31 | CN¥2.24 | CN¥2.79 | x |
| 2015-12-31 | CN¥2.21 | CN¥2.79 | x |
| 2016-12-31 | CN¥3.02 | CN¥2.79 | x |
| 2017-12-31 | CN¥3.34 | CN¥2.79 | x |
| 2018-12-31 | CN¥3.34 | CN¥2.79 | x |
| 2019-12-31 | CN¥1.07 | CN¥2.79 | x |
| 2020-12-31 | CN¥1.07 | CN¥2.79 | x |
| 2021-12-31 | CN¥0.80 | CN¥2.79 | x |
| 2022-12-31 | CN¥0.67 | CN¥2.79 | x |
| 2023-12-31 | CN¥0.52 | CN¥2.79 | x |
| 2024-12-31 | CN¥0.47 | CN¥2.79 | x |
| 2025-12-31 | CN¥0.58 | CN¥2.79 | 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): -10.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.44%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.61x
- Recent ROE (-10.82%) 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 | 5.86% | 14.62% | 0.27x | 1.48x | CN¥-95.01 Million |
| 2018 | 1.09% | 1.65% | 0.47x | 1.40x | CN¥-212.20 Million |
| 2019 | -193.07% | -107.04% | 0.73x | 2.46x | CN¥-1.54 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 | -8.18% | -18.01% | 0.29x | 1.56x | CN¥-91.99 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 |
| 2025 | -10.82% | -7.44% | 0.90x | 1.61x | CN¥-86.40 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: $2,990,398,321
- Average return on equity (ROE) among peers: -7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Modern Avenue Group Co Ltd (002656) | CN¥399.49 Million | 20.44% | 0.61x | $290.90 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $4.38 Billion | 12.74% | 0.38x | $2.01 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $5.07 Billion | 5.39% | 0.46x | $928.50 Million |
| Fujian SBS Zipper Science Tech (002098) | $604.03 Million | 10.73% | 0.99x | $414.38 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.80 Billion | 3.58% | 0.62x | $826.42 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $4.13 Billion | 20.56% | 0.70x | $522.07 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.82 Billion | 7.87% | 0.67x | $476.97 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 3.56% | 0.39x | $468.07 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.21 Billion | 1.84% | 0.34x | $251.77 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.85 Billion | 9.69% | 0.18x | $2.14 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $33.22 Million | -154.72% | 4.70x | $238.76 Million |
About Modern Avenue Group Co Ltd
Modern Avenue Group Co., Ltd. engages in design, research and development, brand promotion, and retail management of apparel in China and internationally. It offers clothing, such as suits, down jackets, coats, sweaters, trousers, shirts, leather items, and shoes; and accessories under the CANUDILO and DIRK BIKKEMBERGS brands. The company also engages in the business of cable accessories and elec… Read more