Chow Tai Seng Jewellery Co Ltd
Chow Tai Seng Jewellery Co., Ltd. designs and sells jewelry in China. The company offers inlaid jewelry and plain gold jewelry; and silver jewelry, jade, pearls, colored gems, platinum, K gold and other specialty products in sets. It sells its products under the Zhou Dasheng brand through franchises, self-operated stores, and e-commerce channels. The company was formerly known as Shenzhen Chow Ta… Read more
Chow Tai Seng Jewellery Co Ltd (002867) - Net Assets
Latest net assets as of September 2025: CN¥6.25 Billion CNY
Based on the latest financial reports, Chow Tai Seng Jewellery Co Ltd (002867) has net assets worth CN¥6.25 Billion 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¥8.19 Billion) and total liabilities (CN¥1.94 Billion). 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¥6.25 Billion |
| % of Total Assets | 76.35% |
| Annual Growth Rate | 17.84% |
| 5-Year Change | 17.83% |
| 10-Year Change | 345.4% |
| Growth Volatility | 27.34 |
Chow Tai Seng Jewellery Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Chow Tai Seng Jewellery 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 Chow Tai Seng Jewellery Co Ltd (2011–2024)
The table below shows the annual net assets of Chow Tai Seng Jewellery Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.35 Billion | -0.53% |
| 2023-12-31 | CN¥6.38 Billion | +5.55% |
| 2022-12-31 | CN¥6.05 Billion | +4.34% |
| 2021-12-31 | CN¥5.80 Billion | +7.55% |
| 2020-12-31 | CN¥5.39 Billion | +13.64% |
| 2019-12-31 | CN¥4.74 Billion | +19.52% |
| 2018-12-31 | CN¥3.97 Billion | +17.36% |
| 2017-12-31 | CN¥3.38 Billion | +109.78% |
| 2016-12-31 | CN¥1.61 Billion | +13.05% |
| 2015-12-31 | CN¥1.43 Billion | +11.98% |
| 2014-12-31 | CN¥1.27 Billion | +10.78% |
| 2013-12-31 | CN¥1.15 Billion | +11.26% |
| 2012-12-31 | CN¥1.03 Billion | +37.43% |
| 2011-12-31 | CN¥751.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Chow Tai Seng Jewellery 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 1120.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.87 Billion | 60.96% |
| Common Stock | CN¥1.10 Billion | 17.24% |
| Other Components | CN¥1.39 Billion | 21.80% |
| Total Equity | CN¥6.36 Billion | 100.00% |
Chow Tai Seng Jewellery Co Ltd Competitors by Market Cap
The table below lists competitors of Chow Tai Seng Jewellery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nickel Mines Limited
PINK:NICMF
|
$625.69 Million |
|
Global New Material International Holdings Limited
F:69Y
|
$625.83 Million |
|
Storage Vault Canada Inc
PINK:SVAUF
|
$626.18 Million |
|
Drive Shack Inc.
PINK:DSHKP
|
$626.30 Million |
|
3R Petroleum Óleo e Gás S.A
SA:RRRP3
|
$625.31 Million |
|
Beijing Balance Medical Technology Co Ltd
SHG:688198
|
$625.31 Million |
|
He Bei Cheng De LoLo Co Ltd
SHE:000848
|
$625.20 Million |
|
Sixt SE Pfd.
LSE:0NW8
|
$625.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chow Tai Seng Jewellery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,381,299,956 to 6,355,976,644, a change of -25,323,312 (-0.4%).
- Net income of 1,010,106,030 contributed positively to equity growth.
- Dividend payments of 1,062,909,814 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.01 Billion | +15.89% |
| Dividends Paid | CN¥1.06 Billion | -16.72% |
| Other Changes | CN¥27.48 Million | +0.43% |
| Total Change | CN¥- | -0.40% |
Book Value vs Market Value Analysis
This analysis compares Chow Tai Seng Jewellery 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: 2.10x
- 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 14.81x to 2.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.83 | CN¥12.31 | x |
| 2012-12-31 | CN¥1.14 | CN¥12.31 | x |
| 2013-12-31 | CN¥1.27 | CN¥12.31 | x |
| 2014-12-31 | CN¥1.41 | CN¥12.31 | x |
| 2015-12-31 | CN¥1.58 | CN¥12.31 | x |
| 2016-12-31 | CN¥1.78 | CN¥12.31 | x |
| 2017-12-31 | CN¥3.33 | CN¥12.31 | x |
| 2018-12-31 | CN¥3.65 | CN¥12.31 | x |
| 2019-12-31 | CN¥4.36 | CN¥12.31 | x |
| 2020-12-31 | CN¥4.94 | CN¥12.31 | x |
| 2021-12-31 | CN¥5.29 | CN¥12.31 | x |
| 2022-12-31 | CN¥5.60 | CN¥12.31 | x |
| 2023-12-31 | CN¥5.87 | CN¥12.31 | x |
| 2024-12-31 | CN¥5.85 | CN¥12.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chow Tai Seng Jewellery 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): 15.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.27%
- • Asset Turnover: 1.77x
- • Equity Multiplier: 1.23x
- Recent ROE (15.89%) is below the historical average (22.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 31.13% | 12.80% | 1.34x | 1.81x | CN¥158.85 Million |
| 2012 | 27.24% | 13.42% | 1.27x | 1.59x | CN¥178.08 Million |
| 2013 | 21.28% | 9.13% | 1.41x | 1.65x | CN¥129.69 Million |
| 2014 | 25.48% | 12.18% | 1.23x | 1.70x | CN¥197.11 Million |
| 2015 | 24.76% | 12.94% | 1.26x | 1.52x | CN¥210.48 Million |
| 2016 | 26.47% | 14.70% | 1.22x | 1.47x | CN¥265.47 Million |
| 2017 | 17.51% | 15.56% | 0.87x | 1.30x | CN¥253.91 Million |
| 2018 | 20.45% | 16.55% | 0.83x | 1.49x | CN¥411.98 Million |
| 2019 | 21.05% | 18.23% | 0.92x | 1.26x | CN¥520.39 Million |
| 2020 | 18.81% | 19.93% | 0.76x | 1.24x | CN¥474.75 Million |
| 2021 | 21.16% | 13.38% | 1.30x | 1.21x | CN¥645.90 Million |
| 2022 | 18.05% | 9.81% | 1.46x | 1.26x | CN¥486.37 Million |
| 2023 | 20.62% | 8.08% | 2.03x | 1.26x | CN¥677.92 Million |
| 2024 | 15.89% | 7.27% | 1.77x | 1.23x | CN¥374.51 Million |
Industry Comparison
This section compares Chow Tai Seng Jewellery Co Ltd's net assets metrics with peer companies in the Luxury Goods industry.
Industry Context
- Industry: Luxury Goods
- Average net assets among peers: $1,738,551,550
- Average return on equity (ROE) among peers: 13.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chow Tai Seng Jewellery Co Ltd (002867) | CN¥6.25 Billion | 31.13% | 0.31x | $625.45 Million |
| Innovative Medical Management Co Ltd (002173) | $134.18 Million | 19.54% | 1.80x | $1.16 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $2.57 Billion | 9.94% | 0.70x | $752.53 Million |
| Zhejiang Ming Jewelry Co Ltd (002574) | $3.13 Billion | 0.58% | 1.25x | $194.85 Million |
| Beijing Kingee Culture Development Co Ltd (002721) | $2.05 Billion | 32.41% | 0.07x | $615.93 Million |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $1.23 Billion | 2.34% | 1.89x | $148.12 Million |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.90 Billion | 7.20% | 0.37x | $117.48 Million |
| Fiyta Holdings Ltd (200026) | $3.14 Billion | 8.50% | 0.31x | $210.32 Million |
| MCLON JEWELLERY Co.Ltd. (300945) | $538.90 Million | 11.81% | 0.15x | $303.73 Million |
| Henan Liliang Diamond Co. Ltd. (301071) | $958.32 Million | 25.00% | 0.49x | $761.89 Million |