Elite Color Environmental Resources (002998) - Net Assets
Based on the latest financial reports, Elite Color Environmental Resources (002998) has net assets worth CN¥1.60 Billion CNY (≈ $234.62 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¥2.53 Billion ≈ $369.71 Million USD) and total liabilities (CN¥923.21 Million ≈ $135.10 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 Elite Color Environmental Resources (002998) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.60 Billion |
| % of Total Assets | 63.46% |
| Annual Growth Rate | 15.69% |
| 5-Year Change | 26.11% |
| 10-Year Change | N/A |
| Growth Volatility | 19.78 |
Elite Color Environmental Resources - Net Assets Trend (2016–2024)
This chart illustrates how Elite Color Environmental Resources 's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Elite Color Environmental Resources for the complete picture of this company's asset base.
Annual Net Assets for Elite Color Environmental Resources (2016–2024)
The table below shows the annual net assets of Elite Color Environmental Resources from 2016 to 2024. For live valuation and market cap data, see Elite Color Environmental Resources (002998) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.77 Billion ≈ $258.93 Million |
+3.98% |
| 2023-12-31 | CN¥1.70 Billion ≈ $249.02 Million |
+4.15% |
| 2022-12-31 | CN¥1.63 Billion ≈ $239.09 Million |
+10.99% |
| 2021-12-31 | CN¥1.47 Billion ≈ $215.43 Million |
+4.93% |
| 2020-12-31 | CN¥1.40 Billion ≈ $205.32 Million |
+67.76% |
| 2019-12-31 | CN¥836.38 Million ≈ $122.39 Million |
+11.68% |
| 2018-12-31 | CN¥748.92 Million ≈ $109.59 Million |
+18.43% |
| 2017-12-31 | CN¥632.36 Million ≈ $92.53 Million |
+14.69% |
| 2016-12-31 | CN¥551.37 Million ≈ $80.68 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Elite Color Environmental Resources '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 660.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥739.71 Million | 41.80% |
| Common Stock | CN¥326.41 Million | 18.45% |
| Other Comprehensive Income | CN¥146.14 Million | 8.26% |
| Other Components | CN¥557.21 Million | 31.49% |
| Total Equity | CN¥1.77 Billion | 100.00% |
Elite Color Environmental Resources Competitors by Market Cap
The table below lists competitors of Elite Color Environmental Resources ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Monro Muffler Brake Inc
NASDAQ:MNRO
|
$490.52 Million |
|
Sungwoo Hitech Co. Ltd
KQ:015750
|
$490.59 Million |
|
Stark Technology Inc
TW:2480
|
$490.91 Million |
|
Verastem Inc
NASDAQ:VSTM
|
$491.00 Million |
|
Zhejiang Kaier New Materials
SHE:300234
|
$490.37 Million |
|
Chularat Hospital Public Company Limited
BK:CHG
|
$490.29 Million |
|
Sun Pharma Advanced Research Company Limited
NSE:SPARC
|
$490.29 Million |
|
Amper S.A.
MC:AMP
|
$490.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elite Color Environmental Resources 's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,701,737,750 to 1,769,469,047, a change of 67,731,297 (4.0%).
- Net income of 83,774,583 contributed positively to equity growth.
- Dividend payments of 19,799,266 reduced retained earnings.
- Other comprehensive income increased equity by 146,138,599.
- Other factors decreased equity by 142,382,619.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥83.77 Million | +4.73% |
| Dividends Paid | CN¥19.80 Million | -1.12% |
| Other Comprehensive Income | CN¥146.14 Million | +8.26% |
| Other Changes | CN¥-142.38 Million | -8.05% |
| Total Change | CN¥- | 3.98% |
Book Value vs Market Value Analysis
This analysis compares Elite Color Environmental Resources '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: 2.05x
- 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 3.70x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.58 | CN¥9.52 | x |
| 2017-12-31 | CN¥2.65 | CN¥9.52 | x |
| 2018-12-31 | CN¥3.14 | CN¥9.52 | x |
| 2019-12-31 | CN¥2.56 | CN¥9.52 | x |
| 2020-12-31 | CN¥4.30 | CN¥9.52 | x |
| 2021-12-31 | CN¥4.51 | CN¥9.52 | x |
| 2022-12-31 | CN¥5.01 | CN¥9.52 | x |
| 2023-12-31 | CN¥4.72 | CN¥9.52 | x |
| 2024-12-31 | CN¥4.64 | CN¥9.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elite Color Environmental Resources 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): 4.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.56%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.51x
- Recent ROE (4.73%) is below the historical average (8.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.10% | 7.60% | 1.00x | 1.33x | CN¥526.24K |
| 2017 | 12.81% | 8.98% | 1.03x | 1.39x | CN¥17.75 Million |
| 2018 | 12.08% | 8.36% | 0.83x | 1.75x | CN¥15.61 Million |
| 2019 | 10.46% | 5.03% | 1.24x | 1.67x | CN¥3.82 Million |
| 2020 | 9.63% | 9.91% | 0.83x | 1.17x | CN¥-5.13 Million |
| 2021 | 6.85% | 6.22% | 0.88x | 1.26x | CN¥-46.40 Million |
| 2022 | 4.75% | 3.44% | 0.87x | 1.58x | CN¥-85.78 Million |
| 2023 | 8.05% | 5.60% | 0.99x | 1.45x | CN¥-33.13 Million |
| 2024 | 4.73% | 3.56% | 0.88x | 1.51x | CN¥-93.17 Million |
Industry Comparison
This section compares Elite Color Environmental Resources 's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,415,086,959
- Average return on equity (ROE) among peers: 9.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elite Color Environmental Resources (002998) | CN¥1.60 Billion | 10.10% | 0.58x | $490.49 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.26 Billion | 5.64% | 0.27x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $15.85 Billion | 10.63% | 1.10x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $894.70 Million | 2.56% | 0.68x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $1.14 Billion | 6.96% | 1.67x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $923.46 Million | 4.58% | 0.60x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.34 Billion | 10.76% | 1.89x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $457.55 Million | 6.71% | 0.32x | $605.40 Million |
About Elite Color Environmental Resources
Elite Color Environmental Resources Science & Technology Co., Ltd. manufactures and sells polyester fiber and its products in China and internationally. The company offers virgin and regenerated low-melting fibers; home textile, cotton textile, carpet, scouring pad, geotextile, flame-retardant, and automotive interior trim material polyester staple fiber; ES fibers; melt-blown non-woven fabrics; … Read more