Mingchen Health Co Ltd Class A
Mingchen Health Co.,Ltd. engages in the development, production, and sale of personal health care products in China. The company operate through Daily Chemical Products and Online game segments. It offers skin care, shampoo, hair care, bath products and styling products under the Dihua Zhixiu, DIFASO, SunShine Fruit Oil, Mei Wang, First Collection, Golden Lion, Likoujian, High Tech Health, Green … Read more
Mingchen Health Co Ltd Class A (002919) - Net Assets
Latest net assets as of September 2025: CN¥821.43 Million CNY
Based on the latest financial reports, Mingchen Health Co Ltd Class A (002919) has net assets worth CN¥821.43 Million 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¥1.17 Billion) and total liabilities (CN¥350.70 Million). 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¥821.43 Million |
| % of Total Assets | 70.08% |
| Annual Growth Rate | 16.84% |
| 5-Year Change | 25.61% |
| 10-Year Change | 258.03% |
| Growth Volatility | 23.65 |
Mingchen Health Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Mingchen Health Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mingchen Health Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Mingchen Health Co Ltd Class A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥823.34 Million | +1.66% |
| 2023-12-31 | CN¥809.89 Million | +9.56% |
| 2022-12-31 | CN¥739.25 Million | -2.45% |
| 2021-12-31 | CN¥757.81 Million | +15.61% |
| 2020-12-31 | CN¥655.46 Million | +15.92% |
| 2019-12-31 | CN¥565.43 Million | +2.64% |
| 2018-12-31 | CN¥550.90 Million | +2.49% |
| 2017-12-31 | CN¥537.52 Million | +87.05% |
| 2016-12-31 | CN¥287.37 Million | +24.96% |
| 2015-12-31 | CN¥229.96 Million | +27.44% |
| 2014-12-31 | CN¥180.45 Million | +21.38% |
| 2013-12-31 | CN¥148.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mingchen Health Co Ltd Class A'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 525.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥354.34 Million | 43.04% |
| Common Stock | CN¥266.53 Million | 32.37% |
| Other Comprehensive Income | CN¥30.89 Million | 3.75% |
| Other Components | CN¥171.59 Million | 20.84% |
| Total Equity | CN¥823.34 Million | 100.00% |
Mingchen Health Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Mingchen Health Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doctorglasses Chain Co Ltd
SHE:300622
|
$467.95 Million |
|
Shanghai Tongji Science&Technology Industrial Co Ltd
SHG:600846
|
$468.30 Million |
|
Azad Engineering Limited
NSE:AZAD
|
$468.30 Million |
|
Consolidated Water Co Ltd
NASDAQ:CWCO
|
$468.34 Million |
|
Sayona Mining Limited American Depository Shares
NASDAQ:ELVR
|
$467.91 Million |
|
Boozt AB
ST:BOOZT
|
$467.87 Million |
|
Varex Imaging Corp
NASDAQ:VREX
|
$467.60 Million |
|
Farmland Partners Inc
NYSE:FPI
|
$467.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mingchen Health Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 809,886,297 to 823,338,897, a change of 13,452,600 (1.7%).
- Net income of 46,719,608 contributed positively to equity growth.
- Dividend payments of 33,267,008 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥46.72 Million | +5.67% |
| Dividends Paid | CN¥33.27 Million | -4.04% |
| Total Change | CN¥- | 1.66% |
Book Value vs Market Value Analysis
This analysis compares Mingchen Health Co Ltd Class A'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: 6.97x
- 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 12.78x to 6.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.73 | CN¥22.12 | x |
| 2014-12-31 | CN¥1.32 | CN¥22.12 | x |
| 2015-12-31 | CN¥1.23 | CN¥22.12 | x |
| 2016-12-31 | CN¥1.44 | CN¥22.12 | x |
| 2017-12-31 | CN¥2.67 | CN¥22.12 | x |
| 2018-12-31 | CN¥2.04 | CN¥22.12 | x |
| 2019-12-31 | CN¥2.13 | CN¥22.12 | x |
| 2020-12-31 | CN¥2.47 | CN¥22.12 | x |
| 2021-12-31 | CN¥2.84 | CN¥22.12 | x |
| 2022-12-31 | CN¥2.67 | CN¥22.12 | x |
| 2023-12-31 | CN¥3.07 | CN¥22.12 | x |
| 2024-12-31 | CN¥3.17 | CN¥22.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mingchen Health Co Ltd Class A 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): 5.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.38%
- • Asset Turnover: 1.25x
- • Equity Multiplier: 1.34x
- Recent ROE (5.67%) is below the historical average (11.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.08% | 4.91% | 1.34x | 2.15x | CN¥6.06 Million |
| 2014 | 17.61% | 5.68% | 1.46x | 2.12x | CN¥13.74 Million |
| 2015 | 18.92% | 7.40% | 1.24x | 2.06x | CN¥20.51 Million |
| 2016 | 16.50% | 7.95% | 1.15x | 1.80x | CN¥18.67 Million |
| 2017 | 9.02% | 7.56% | 0.94x | 1.27x | CN¥-5.24 Million |
| 2018 | 5.38% | 5.43% | 0.78x | 1.27x | CN¥-25.43 Million |
| 2019 | 4.08% | 4.46% | 0.74x | 1.24x | CN¥-33.47 Million |
| 2020 | 15.60% | 15.02% | 0.77x | 1.34x | CN¥36.69 Million |
| 2021 | 17.62% | 17.94% | 0.77x | 1.28x | CN¥57.71 Million |
| 2022 | 3.43% | 2.69% | 0.76x | 1.68x | CN¥-48.54 Million |
| 2023 | 8.69% | 4.30% | 1.29x | 1.57x | CN¥-10.62 Million |
| 2024 | 5.67% | 3.38% | 1.25x | 1.34x | CN¥-35.61 Million |
Industry Comparison
This section compares Mingchen Health Co Ltd Class A's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,188,153,585
- Average return on equity (ROE) among peers: 11.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mingchen Health Co Ltd Class A (002919) | CN¥821.43 Million | 14.08% | 0.43x | $467.92 Million |
| Lonkey Industrial Co Ltd Guangzhou (000523) | $104.40 Million | 15.81% | 1.73x | $544.84 Million |
| Tianjin Yiyi Hygiene Products Co Ltd (001206) | $1.73 Billion | 6.61% | 0.14x | $227.82 Million |
| Hunan Resun Co Ltd (001218) | $905.44 Million | 24.55% | 0.67x | $278.75 Million |
| Dencare (Chongqing) Oral Care Co. Ltd. A (001328) | $542.28 Million | 24.82% | 0.88x | $209.36 Million |
| Qingdao Kingking Applied Chemistry Co Ltd (002094) | $1.92 Billion | 9.63% | 0.50x | $502.87 Million |
| C&S Paper Co Ltd (002511) | $2.28 Billion | 5.08% | 0.97x | $746.47 Million |
| Anhui Deli Household Glass Co Ltd (002571) | $1.41 Billion | -9.08% | 0.25x | $335.13 Million |
| Chongqing Baiya Sanitary Products Co (003006) | $359.21 Million | 16.81% | 0.32x | $504.23 Million |
| Chengdu Rainbow Appliance Gr (003023) | $1.44 Billion | 6.57% | 0.37x | $163.63 Million |