Xingye Leather Technology Co Ltd (002674) - Net Assets
Based on the latest financial reports, Xingye Leather Technology Co Ltd (002674) has net assets worth CN¥2.71 Billion CNY (≈ $396.37 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.64 Billion ≈ $678.78 Million USD) and total liabilities (CN¥1.93 Billion ≈ $282.42 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 asset resilience ratio of Xingye Leather Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.71 Billion |
| % of Total Assets | 58.39% |
| Annual Growth Rate | 13.22% |
| 5-Year Change | 25.2% |
| 10-Year Change | 68.69% |
| Growth Volatility | 34.15 |
Xingye Leather Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Xingye Leather Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002674 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Xingye Leather Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Xingye Leather Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see Xingye Leather Technology Co Ltd (002674) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.68 Billion ≈ $392.53 Million |
+2.64% |
| 2023-12-31 | CN¥2.61 Billion ≈ $382.43 Million |
+5.45% |
| 2022-12-31 | CN¥2.48 Billion ≈ $362.67 Million |
+6.54% |
| 2021-12-31 | CN¥2.33 Billion ≈ $340.42 Million |
+8.58% |
| 2020-12-31 | CN¥2.14 Billion ≈ $313.53 Million |
-7.09% |
| 2019-12-31 | CN¥2.31 Billion ≈ $337.46 Million |
-0.41% |
| 2018-12-31 | CN¥2.32 Billion ≈ $338.84 Million |
-1.50% |
| 2017-12-31 | CN¥2.35 Billion ≈ $344.00 Million |
-0.02% |
| 2016-12-31 | CN¥2.35 Billion ≈ $344.06 Million |
+47.86% |
| 2015-12-31 | CN¥1.59 Billion ≈ $232.69 Million |
-1.63% |
| 2014-12-31 | CN¥1.62 Billion ≈ $236.55 Million |
+4.17% |
| 2013-12-31 | CN¥1.55 Billion ≈ $227.07 Million |
+10.40% |
| 2012-12-31 | CN¥1.41 Billion ≈ $205.68 Million |
+139.14% |
| 2011-12-31 | CN¥587.79 Million ≈ $86.01 Million |
+17.37% |
| 2010-12-31 | CN¥500.79 Million ≈ $73.28 Million |
+27.03% |
| 2009-12-31 | CN¥394.23 Million ≈ $57.69 Million |
+7.20% |
| 2008-12-31 | CN¥367.76 Million ≈ $53.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xingye Leather Technology 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 624.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥633.54 Million | 26.34% |
| Common Stock | CN¥294.57 Million | 12.25% |
| Other Comprehensive Income | CN¥184.02 Million | 7.65% |
| Other Components | CN¥1.29 Billion | 53.77% |
| Total Equity | CN¥2.41 Billion | 100.00% |
Xingye Leather Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Xingye Leather Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lungyen Life Service
TWO:5530
|
$583.00 Million |
|
Adcock Ingram Holdings Limited
JSE:AIP
|
$583.42 Million |
|
Anhui Huaertai Chemical Co Ltd
SHE:001217
|
$583.73 Million |
|
Well Lead Med Co Ltd
SHG:603309
|
$583.85 Million |
|
Phreesia Inc
NYSE:PHR
|
$582.98 Million |
|
SGC Energy Co Ltd
KO:005090
|
$582.89 Million |
|
Reunert
JSE:RLO
|
$582.72 Million |
|
Caribbean Utilities Company Ltd
TO:CUP-U
|
$582.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xingye Leather Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,401,088,281 to 2,405,421,003, a change of 4,332,722 (0.2%).
- Net income of 141,644,045 contributed positively to equity growth.
- Dividend payments of 206,979,818 reduced retained earnings.
- Other comprehensive income increased equity by 184,018,888.
- Other factors decreased equity by 114,350,393.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥141.64 Million | +5.89% |
| Dividends Paid | CN¥206.98 Million | -8.6% |
| Other Comprehensive Income | CN¥184.02 Million | +7.65% |
| Other Changes | CN¥-114.35 Million | -4.75% |
| Total Change | CN¥- | 0.18% |
Book Value vs Market Value Analysis
This analysis compares Xingye Leather Technology 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: 1.65x
- 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 6.56x to 1.65x 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¥2.05 | CN¥13.48 | x |
| 2009-12-31 | CN¥2.20 | CN¥13.48 | x |
| 2010-12-31 | CN¥2.77 | CN¥13.48 | x |
| 2011-12-31 | CN¥3.25 | CN¥13.48 | x |
| 2012-12-31 | CN¥6.57 | CN¥13.48 | x |
| 2013-12-31 | CN¥6.47 | CN¥13.48 | x |
| 2014-12-31 | CN¥6.65 | CN¥13.48 | x |
| 2015-12-31 | CN¥6.61 | CN¥13.48 | x |
| 2016-12-31 | CN¥9.01 | CN¥13.48 | x |
| 2017-12-31 | CN¥7.78 | CN¥13.48 | x |
| 2018-12-31 | CN¥7.66 | CN¥13.48 | x |
| 2019-12-31 | CN¥7.62 | CN¥13.48 | x |
| 2020-12-31 | CN¥7.22 | CN¥13.48 | x |
| 2021-12-31 | CN¥7.88 | CN¥13.48 | x |
| 2022-12-31 | CN¥8.05 | CN¥13.48 | x |
| 2023-12-31 | CN¥7.97 | CN¥13.48 | x |
| 2024-12-31 | CN¥8.18 | CN¥13.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xingye Leather Technology 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): 5.89%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.80%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.87x
- Recent ROE (5.89%) is below the historical average (9.34%), 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 | 18.01% | 8.04% | 1.30x | 1.72x | CN¥29.44 Million |
| 2009 | 20.41% | 9.82% | 1.37x | 1.52x | CN¥41.05 Million |
| 2010 | 21.28% | 10.23% | 1.43x | 1.45x | CN¥56.48 Million |
| 2011 | 20.92% | 9.60% | 1.60x | 1.37x | CN¥64.21 Million |
| 2012 | 10.35% | 9.42% | 0.95x | 1.15x | CN¥4.87 Million |
| 2013 | 11.44% | 9.97% | 0.93x | 1.23x | CN¥22.30 Million |
| 2014 | 7.42% | 5.37% | 0.96x | 1.43x | CN¥-41.70 Million |
| 2015 | 0.84% | 0.56% | 0.92x | 1.60x | CN¥-145.72 Million |
| 2016 | 2.68% | 2.46% | 0.96x | 1.14x | CN¥-172.01 Million |
| 2017 | 1.92% | 2.14% | 0.80x | 1.13x | CN¥-189.94 Million |
| 2018 | 5.00% | 6.41% | 0.61x | 1.28x | CN¥-115.82 Million |
| 2019 | 5.13% | 7.44% | 0.53x | 1.29x | CN¥-112.15 Million |
| 2020 | 5.42% | 7.91% | 0.47x | 1.45x | CN¥-97.72 Million |
| 2021 | 7.88% | 10.50% | 0.52x | 1.44x | CN¥-48.70 Million |
| 2022 | 6.41% | 7.57% | 0.52x | 1.61x | CN¥-84.48 Million |
| 2023 | 7.76% | 6.90% | 0.66x | 1.71x | CN¥-53.80 Million |
| 2024 | 5.89% | 4.80% | 0.66x | 1.87x | CN¥-98.90 Million |
Industry Comparison
This section compares Xingye Leather Technology Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,135,331,381
- Average return on equity (ROE) among peers: 4.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xingye Leather Technology Co Ltd (002674) | CN¥2.71 Billion | 18.01% | 0.71x | $582.99 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $493.25 Million | 7.71% | 0.63x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.33 Billion | 3.23% | 0.84x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $3.11 Billion | -7.50% | 1.79x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $1.28 Billion | 8.92% | 0.16x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.47 Billion | 3.10% | 0.66x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.87 Billion | 7.82% | 1.38x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $202.80 Million | -14.16% | 2.29x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $3.08 Billion | 13.23% | 1.43x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.10 Billion | 6.35% | 0.32x | $368.59 Million |
About Xingye Leather Technology Co Ltd
Xingye Leather Technology Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of leather products in China. It offers nappa leather, natural milled leather, and special effect leather series that are used in the furniture, leather clothing, and bags and suitcases, etc. The company sells leather for uppers, bags, sofa, automotive interiors, and spe… Read more