Zhejiang Giuseppe Garment Co Ltd (002687) - Net Assets
Based on the latest financial reports, Zhejiang Giuseppe Garment Co Ltd (002687) has net assets worth CN¥1.58 Billion CNY (≈ $231.09 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¥2.05 Billion ≈ $300.31 Million USD) and total liabilities (CN¥473.05 Million ≈ $69.22 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 Giuseppe Garment Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.58 Billion |
| % of Total Assets | 76.95% |
| Annual Growth Rate | 13.34% |
| 5-Year Change | 15.75% |
| 10-Year Change | 49.1% |
| Growth Volatility | 42.16 |
Zhejiang Giuseppe Garment Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Zhejiang Giuseppe Garment Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Giuseppe Garment Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Giuseppe Garment Co Ltd (2009–2024)
The table below shows the annual net assets of Zhejiang Giuseppe Garment Co Ltd from 2009 to 2024. For live valuation and market cap data, see Zhejiang Giuseppe Garment Co Ltd (002687) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.55 Billion ≈ $227.01 Million |
-3.19% |
| 2023-12-31 | CN¥1.60 Billion ≈ $234.48 Million |
+12.64% |
| 2022-12-31 | CN¥1.42 Billion ≈ $208.17 Million |
+4.08% |
| 2021-12-31 | CN¥1.37 Billion ≈ $200.01 Million |
+1.99% |
| 2020-12-31 | CN¥1.34 Billion ≈ $196.12 Million |
+14.81% |
| 2019-12-31 | CN¥1.17 Billion ≈ $170.82 Million |
+5.21% |
| 2018-12-31 | CN¥1.11 Billion ≈ $162.36 Million |
+6.08% |
| 2017-12-31 | CN¥1.05 Billion ≈ $153.05 Million |
-2.23% |
| 2016-12-31 | CN¥1.07 Billion ≈ $156.54 Million |
+2.81% |
| 2015-12-31 | CN¥1.04 Billion ≈ $152.26 Million |
+2.22% |
| 2014-12-31 | CN¥1.02 Billion ≈ $148.95 Million |
+5.44% |
| 2013-12-31 | CN¥965.35 Million ≈ $141.26 Million |
+1.71% |
| 2012-12-31 | CN¥949.16 Million ≈ $138.89 Million |
+173.17% |
| 2011-12-31 | CN¥347.46 Million ≈ $50.84 Million |
+23.52% |
| 2010-12-31 | CN¥281.31 Million ≈ $41.16 Million |
+18.72% |
| 2009-12-31 | CN¥236.95 Million ≈ $34.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Giuseppe Garment 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 2494.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥753.43 Million | 51.32% |
| Common Stock | CN¥504.78 Million | 34.38% |
| Other Components | CN¥209.85 Million | 14.29% |
| Total Equity | CN¥1.47 Billion | 100.00% |
Zhejiang Giuseppe Garment Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Giuseppe Garment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Zhongheng Huafa Co Ltd Class A
SHE:000020
|
$350.20 Million |
|
Jouder Precision Industry Kunshan Co Ltd
SHE:300549
|
$350.24 Million |
|
Foseco India Limited
NSE:FOSECOIND
|
$350.36 Million |
|
Phihong Technology Co Ltd
TW:2457
|
$350.63 Million |
|
CMC Magnetics Corp
TW:2323
|
$350.07 Million |
|
Aic Mines Ltd
AU:A1M
|
$349.91 Million |
|
Indo Thai Securities Limited
NSE:INDOTHAI
|
$349.79 Million |
|
Ace Hardware Indonesia Tbk
JK:ACES
|
$349.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Giuseppe Garment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,531,137,092 to 1,468,060,184, a change of -63,076,908 (-4.1%).
- Net income of 88,332,076 contributed positively to equity growth.
- Dividend payments of 100,278,826 reduced retained earnings.
- Share repurchases of 80,337,052 reduced equity.
- Other factors increased equity by 29,206,894.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥88.33 Million | +6.02% |
| Dividends Paid | CN¥100.28 Million | -6.83% |
| Share Repurchases | CN¥80.34 Million | -5.47% |
| Other Changes | CN¥29.21 Million | +1.99% |
| Total Change | CN¥- | -4.12% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Giuseppe Garment 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: 1.56x
- 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 7.06x to 1.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.67 | CN¥4.74 | x |
| 2010-12-31 | CN¥0.73 | CN¥4.74 | x |
| 2011-12-31 | CN¥0.90 | CN¥4.74 | x |
| 2012-12-31 | CN¥2.16 | CN¥4.74 | x |
| 2013-12-31 | CN¥1.88 | CN¥4.74 | x |
| 2014-12-31 | CN¥1.92 | CN¥4.74 | x |
| 2015-12-31 | CN¥1.87 | CN¥4.74 | x |
| 2016-12-31 | CN¥1.95 | CN¥4.74 | x |
| 2017-12-31 | CN¥1.93 | CN¥4.74 | x |
| 2018-12-31 | CN¥2.07 | CN¥4.74 | x |
| 2019-12-31 | CN¥2.21 | CN¥4.74 | x |
| 2020-12-31 | CN¥2.48 | CN¥4.74 | x |
| 2021-12-31 | CN¥2.61 | CN¥4.74 | x |
| 2022-12-31 | CN¥2.65 | CN¥4.74 | x |
| 2023-12-31 | CN¥2.99 | CN¥4.74 | x |
| 2024-12-31 | CN¥3.03 | CN¥4.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Giuseppe Garment 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): 6.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.00%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.45x
- Recent ROE (6.02%) is below the historical average (12.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.12% | 13.42% | 0.83x | 1.54x | CN¥16.88 Million |
| 2010 | 25.76% | 17.40% | 0.84x | 1.75x | CN¥44.32 Million |
| 2011 | 27.12% | 15.98% | 0.96x | 1.77x | CN¥59.49 Million |
| 2012 | 10.06% | 14.90% | 0.56x | 1.20x | CN¥585.40K |
| 2013 | 6.78% | 11.25% | 0.49x | 1.22x | CN¥-31.07 Million |
| 2014 | 8.19% | 12.40% | 0.48x | 1.38x | CN¥-18.10 Million |
| 2015 | 6.20% | 9.12% | 0.49x | 1.39x | CN¥-37.55 Million |
| 2016 | 6.31% | 8.96% | 0.50x | 1.41x | CN¥-36.84 Million |
| 2017 | 7.43% | 9.57% | 0.54x | 1.43x | CN¥-26.07 Million |
| 2018 | 10.53% | 11.25% | 0.64x | 1.46x | CN¥5.65 Million |
| 2019 | 12.65% | 12.77% | 0.68x | 1.46x | CN¥30.00 Million |
| 2020 | 11.28% | 13.22% | 0.61x | 1.39x | CN¥16.34 Million |
| 2021 | 14.40% | 14.33% | 0.67x | 1.50x | CN¥57.06 Million |
| 2022 | 8.96% | 9.49% | 0.65x | 1.46x | CN¥-14.11 Million |
| 2023 | 13.26% | 13.61% | 0.67x | 1.46x | CN¥49.98 Million |
| 2024 | 6.02% | 7.00% | 0.59x | 1.45x | CN¥-58.47 Million |
Industry Comparison
This section compares Zhejiang Giuseppe Garment Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,750,918,408
- Average return on equity (ROE) among peers: -1.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Giuseppe Garment Co Ltd (002687) | CN¥1.58 Billion | 17.12% | 0.30x | $350.12 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.54 Billion | 11.46% | 0.37x | $1.62 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $6.05 Billion | 3.46% | 0.54x | $959.45 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.03 Billion | 12.25% | 1.05x | $421.19 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.19 Billion | 16.85% | 0.87x | $918.25 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $711.66 Million | -56.43% | 6.17x | $573.55 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $367.82 Million | 17.10% | 1.48x | $532.70 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 2.91% | 0.15x | $374.94 Million |
| Huasi Agricultural Development Co Ltd (002494) | $967.17 Million | 6.41% | 0.06x | $325.75 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.49 Billion | 9.76% | 0.56x | $2.24 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $162.66 Million | -41.44% | 0.82x | $340.12 Million |
About Zhejiang Giuseppe Garment Co Ltd
Zhejiang Giuseppe Garment Co., Ltd engages in research and development, design, production, and sales of business wear, men's wear, and casual wear under the George White brand in China. The company offers men's and women's suits, trousers, vests, skirts, shirts, jackets, and windbreakers; and school uniforms. It also provides enterprise management, economic information consulting, packaging, mar… Read more