Chow Tai Seng Jewellery Co Ltd (002867) - Net Assets
Based on the latest financial reports, Chow Tai Seng Jewellery Co Ltd (002867) has net assets worth CN¥6.77 Billion CNY (≈ $990.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.52 Billion ≈ $1.25 Billion USD) and total liabilities (CN¥1.75 Billion ≈ $256.10 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 002867 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.77 Billion |
| % of Total Assets | 79.46% |
| Annual Growth Rate | 16.63% |
| 5-Year Change | 11.71% |
| 10-Year Change | 301.75% |
| Growth Volatility | 26.76 |
Chow Tai Seng Jewellery Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Chow Tai Seng Jewellery Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002867 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Chow Tai Seng Jewellery Co Ltd (2011–2025)
The table below shows the annual net assets of Chow Tai Seng Jewellery Co Ltd from 2011 to 2025. For live valuation and market cap data, see market value of Chow Tai Seng Jewellery Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.48 Billion ≈ $947.68 Million |
+1.97% |
| 2024-12-31 | CN¥6.35 Billion ≈ $929.37 Million |
-0.53% |
| 2023-12-31 | CN¥6.38 Billion ≈ $934.28 Million |
+5.55% |
| 2022-12-31 | CN¥6.05 Billion ≈ $885.14 Million |
+4.34% |
| 2021-12-31 | CN¥5.80 Billion ≈ $848.32 Million |
+7.55% |
| 2020-12-31 | CN¥5.39 Billion ≈ $788.75 Million |
+13.64% |
| 2019-12-31 | CN¥4.74 Billion ≈ $694.11 Million |
+19.52% |
| 2018-12-31 | CN¥3.97 Billion ≈ $580.72 Million |
+17.36% |
| 2017-12-31 | CN¥3.38 Billion ≈ $494.84 Million |
+109.78% |
| 2016-12-31 | CN¥1.61 Billion ≈ $235.89 Million |
+13.05% |
| 2015-12-31 | CN¥1.43 Billion ≈ $208.66 Million |
+11.98% |
| 2014-12-31 | CN¥1.27 Billion ≈ $186.33 Million |
+10.78% |
| 2013-12-31 | CN¥1.15 Billion ≈ $168.20 Million |
+11.26% |
| 2012-12-31 | CN¥1.03 Billion ≈ $151.18 Million |
+37.43% |
| 2011-12-31 | CN¥751.71 Million ≈ $110.00 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 1160.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.00 Billion | 61.72% |
| Other Components | CN¥2.48 Billion | 38.28% |
| Total Equity | CN¥6.48 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 |
|---|---|
|
Wuxi Online Offline Communication Information Technology Co. Ltd.
SHE:300959
|
$1.88 Billion |
|
WindSun Science & Technology Co. Ltd. A
SHG:688663
|
$1.88 Billion |
|
Guangdong Guangzhou Daily Media Co Ltd
SHE:002181
|
$1.88 Billion |
|
Luenmei Quantum Co Ltd
SHG:600167
|
$1.88 Billion |
|
National Bank Holdings Corporation
NYSE:NBHC
|
$1.88 Billion |
|
Guangdong Goworld Co Ltd
SHE:000823
|
$1.88 Billion |
|
Trust Alliance Information Development Inc Ltd Shanghai
SHE:300469
|
$1.88 Billion |
|
BigBearai Holdings Inc
NYSE:BBAI
|
$1.88 Billion |
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 2024 to 2025, total equity changed from 6,355,976,644 to 6,482,304,533, a change of 126,327,889 (2.0%).
- Net income of 1,103,224,981 contributed positively to equity growth.
- Dividend payments of 990,850,504 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.10 Billion | +17.02% |
| Dividends Paid | CN¥990.85 Million | -15.29% |
| Other Changes | CN¥13.95 Million | +0.22% |
| Total Change | CN¥- | 1.99% |
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: 1.98x
- 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 14.23x to 1.98x 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¥11.83 | x |
| 2012-12-31 | CN¥1.14 | CN¥11.83 | x |
| 2013-12-31 | CN¥1.27 | CN¥11.83 | x |
| 2014-12-31 | CN¥1.41 | CN¥11.83 | x |
| 2015-12-31 | CN¥1.58 | CN¥11.83 | x |
| 2016-12-31 | CN¥1.78 | CN¥11.83 | x |
| 2017-12-31 | CN¥3.33 | CN¥11.83 | x |
| 2018-12-31 | CN¥3.65 | CN¥11.83 | x |
| 2019-12-31 | CN¥4.36 | CN¥11.83 | x |
| 2020-12-31 | CN¥4.94 | CN¥11.83 | x |
| 2021-12-31 | CN¥5.29 | CN¥11.83 | x |
| 2022-12-31 | CN¥5.60 | CN¥11.83 | x |
| 2023-12-31 | CN¥5.87 | CN¥11.83 | x |
| 2024-12-31 | CN¥5.85 | CN¥11.83 | x |
| 2025-12-31 | CN¥5.97 | CN¥11.83 | 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): 17.02%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.52%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.28x
- Recent ROE (17.02%) is below the historical average (21.80%), 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 |
| 2025 | 17.02% | 12.52% | 1.06x | 1.28x | CN¥454.99 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: $2,148,754,663
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chow Tai Seng Jewellery Co Ltd (002867) | CN¥6.77 Billion | 31.13% | 0.26x | $1.88 Billion |
| Shenzhen Tellus Holding Co Ltd (000025) | $242.35 Million | 2.14% | 4.26x | $883.40 Million |
| Fiyta Holdings Ltd (000026) | $2.30 Billion | 5.28% | 0.84x | $1.14 Billion |
| Innovative Medical Management Co Ltd (002173) | $1.91 Billion | -3.85% | 0.23x | $1.10 Billion |
| Guangdong CHJ Industry Co Ltd (002345) | $3.67 Billion | 5.28% | 0.57x | $1.25 Billion |
| Zhejiang Ming Jewelry Co Ltd (002574) | $2.97 Billion | -8.66% | 0.39x | $351.55 Million |
| Beijing Kingee Culture Development Co Ltd (002721) | $2.37 Billion | 6.44% | 2.09x | $906.72 Million |
| Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) | $1.20 Billion | 3.11% | 1.82x | $163.05 Million |
| Shenzhen Tellus Holding Co Ltd (200025) | $1.34 Billion | 16.40% | 0.23x | $19.55 Million |
| Fiyta Holdings Ltd (200026) | $3.33 Billion | 9.99% | 0.26x | $40.20 Million |
About 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