Zhejiang Truelove Vogue Co Ltd (003041) - Net Assets
Based on the latest financial reports, Zhejiang Truelove Vogue Co Ltd (003041) has net assets worth CN¥1.48 Billion CNY (≈ $217.24 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.36 Billion ≈ $345.23 Million USD) and total liabilities (CN¥874.66 Million ≈ $127.99 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 Truelove Vogue Co Ltd (003041) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.48 Billion |
| % of Total Assets | 62.93% |
| Annual Growth Rate | 21.87% |
| 5-Year Change | 29.57% |
| 10-Year Change | 530.64% |
| Growth Volatility | 23.0 |
Zhejiang Truelove Vogue Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Zhejiang Truelove Vogue Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 003041 stock market capitalisation.
Annual Net Assets for Zhejiang Truelove Vogue Co Ltd (2012–2025)
The table below shows the annual net assets of Zhejiang Truelove Vogue Co Ltd from 2012 to 2025. Also explore 003041 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.47 Billion ≈ $214.67 Million |
+8.80% |
| 2024-12-31 | CN¥1.35 Billion ≈ $197.30 Million |
+1.37% |
| 2023-12-31 | CN¥1.33 Billion ≈ $194.64 Million |
+4.55% |
| 2022-12-31 | CN¥1.27 Billion ≈ $186.16 Million |
+12.37% |
| 2021-12-31 | CN¥1.13 Billion ≈ $165.67 Million |
+74.28% |
| 2020-12-31 | CN¥649.60 Million ≈ $95.06 Million |
+23.05% |
| 2019-12-31 | CN¥527.91 Million ≈ $77.25 Million |
+23.85% |
| 2018-12-31 | CN¥426.25 Million ≈ $62.37 Million |
+17.32% |
| 2017-12-31 | CN¥363.32 Million ≈ $53.17 Million |
+56.19% |
| 2014-12-31 | CN¥232.62 Million ≈ $34.04 Million |
+32.13% |
| 2013-12-31 | CN¥176.05 Million ≈ $25.76 Million |
+56.94% |
| 2012-12-31 | CN¥112.18 Million ≈ $16.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Truelove Vogue 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 1548.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥893.04 Million | 60.88% |
| Other Components | CN¥573.94 Million | 39.12% |
| Total Equity | CN¥1.47 Billion | 100.00% |
Zhejiang Truelove Vogue Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Truelove Vogue Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Johns LYNG Group Ltd
AU:JLG
|
$806.21 Million |
|
S.J.S. Enterprises Limited
NSE:SJS
|
$806.24 Million |
|
Crystal Growth & Energy Equipment Co. Ltd. A
SHG:688478
|
$806.25 Million |
|
MASTERBRAND INC. DL-001
F:D55
|
$806.30 Million |
|
Logwin AG
F:TGHN
|
$806.18 Million |
|
Anhui Huaren Health Pharmaceutical Co. Ltd. Cl A
SHE:301408
|
$806.01 Million |
|
Lincoln Educational Services
NASDAQ:LINC
|
$805.73 Million |
|
Standard Foods Corp
TW:1227
|
$805.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Truelove Vogue Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,348,306,309 to 1,466,982,833, a change of 118,676,524 (8.8%).
- Net income of 233,876,524 contributed positively to equity growth.
- Dividend payments of 129,577,790 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥233.88 Million | +15.94% |
| Dividends Paid | CN¥129.58 Million | -8.83% |
| Other Changes | CN¥14.38 Million | +0.98% |
| Total Change | CN¥- | 8.80% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Truelove Vogue 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: 3.76x
- 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 35.24x to 3.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.09 | CN¥38.26 | x |
| 2013-12-31 | CN¥1.70 | CN¥38.26 | x |
| 2014-12-31 | CN¥2.25 | CN¥38.26 | x |
| 2017-12-31 | CN¥3.37 | CN¥38.26 | x |
| 2018-12-31 | CN¥3.95 | CN¥38.26 | x |
| 2019-12-31 | CN¥4.90 | CN¥38.26 | x |
| 2020-12-31 | CN¥6.01 | CN¥38.26 | x |
| 2021-12-31 | CN¥8.41 | CN¥38.26 | x |
| 2022-12-31 | CN¥8.82 | CN¥38.26 | x |
| 2023-12-31 | CN¥9.29 | CN¥38.26 | x |
| 2024-12-31 | CN¥9.43 | CN¥38.26 | x |
| 2025-12-31 | CN¥10.19 | CN¥38.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Truelove Vogue 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): 15.94%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.79%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.54x
- Recent ROE (15.94%) is below the historical average (16.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 37.70% | 4.77% | 1.06x | 7.47x | CN¥31.07 Million |
| 2013 | 36.28% | 6.74% | 1.18x | 4.55x | CN¥46.27 Million |
| 2014 | 16.96% | 4.23% | 1.42x | 2.82x | CN¥16.20 Million |
| 2017 | 7.63% | 3.02% | 1.38x | 1.82x | CN¥-8.61 Million |
| 2018 | 14.76% | 6.14% | 1.53x | 1.57x | CN¥20.30 Million |
| 2019 | 19.26% | 10.15% | 1.37x | 1.39x | CN¥48.87 Million |
| 2020 | 18.73% | 13.65% | 1.06x | 1.29x | CN¥56.74 Million |
| 2021 | 9.50% | 11.53% | 0.62x | 1.33x | CN¥-5.67 Million |
| 2022 | 12.19% | 15.84% | 0.52x | 1.49x | CN¥27.80 Million |
| 2023 | 7.96% | 11.12% | 0.44x | 1.61x | CN¥-27.07 Million |
| 2024 | 5.62% | 8.63% | 0.41x | 1.61x | CN¥-59.04 Million |
| 2025 | 15.94% | 23.79% | 0.43x | 1.54x | CN¥87.18 Million |
Industry Comparison
This section compares Zhejiang Truelove Vogue Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,229,742,114
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Truelove Vogue Co Ltd (003041) | CN¥1.48 Billion | 37.70% | 0.59x | $806.20 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $369.77 Million | 0.32% | 1.02x | $716.92 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $5.43 Billion | 4.59% | 1.01x | $2.96 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $4.33 Billion | -2.11% | 1.43x | $1.26 Billion |
| Lu Thai Textile Co Ltd (000726) | $1.93 Billion | 16.10% | 1.28x | $515.59 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.77 Billion | 10.08% | 0.61x | $550.97 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $3.78 Billion | 3.43% | 1.15x | $1.57 Billion |
| Xinlong Holding Group Co Ltd (000955) | $673.15 Million | -7.94% | 0.50x | $311.99 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $7.29 Billion | 10.24% | 1.53x | $928.26 Million |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.33 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $296.30 Million | 7.06% | 0.49x | $263.57 Million |
About Zhejiang Truelove Vogue Co Ltd
Zhejiang Truelove Vogue Co., Ltd., together with its subsidiaries, engages in the research, design, production, and sale of home textiles in China and internationally. The company offers Raschel fashion blankets; carpets; bedding products, including sets, comforters, and pillows; and other home textile products. It sells its products under the True Love Home brand. The company exports its product… Read more