Beijing Toread Outdoor Product

SHE:300005 China Leisure
Market Cap
$1.67 Billion
CN¥12.28 Billion CNY
Market Cap Rank
#6898 Global
#1117 in China
Share Price
CN¥13.90
Change (1 day)
-4.53%
52-Week Range
CN¥7.68 - CN¥15.18
All Time High
CN¥16.77
Categories
Companies in China Leisure
About

Toread Holdings Group Co., Ltd. engages in the research, development, operation, and sales of outdoor products in China and internationally. The company operates through two segments, Outdoor Products Business and Chip Business. It offers outdoor products, including jackets, skin clothing, down jackets, t-shirts, trousers, shoes, backpacks, tents, sleeping bags, and mountaineering equipment; and … Read more

Beijing Toread Outdoor Product (300005) - Net Assets

Latest net assets as of September 2025: CN¥1.93 Billion CNY

Based on the latest financial reports, Beijing Toread Outdoor Product (300005) has net assets worth CN¥1.93 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¥2.64 Billion) and total liabilities (CN¥707.23 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¥1.93 Billion
% of Total Assets 73.21%
Annual Growth Rate 28.71%
5-Year Change -9.63%
10-Year Change 20.9%
Growth Volatility 97.94

Beijing Toread Outdoor Product - Net Assets Trend (2006–2024)

This chart illustrates how Beijing Toread Outdoor Product's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Beijing Toread Outdoor Product (2006–2024)

The table below shows the annual net assets of Beijing Toread Outdoor Product from 2006 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.91 Billion -9.06%
2023-12-31 CN¥2.11 Billion +1.00%
2022-12-31 CN¥2.08 Billion -3.82%
2021-12-31 CN¥2.17 Billion +2.29%
2020-12-31 CN¥2.12 Billion -13.37%
2019-12-31 CN¥2.45 Billion +3.36%
2018-12-31 CN¥2.37 Billion -9.84%
2017-12-31 CN¥2.62 Billion -9.40%
2016-12-31 CN¥2.90 Billion +82.92%
2015-12-31 CN¥1.58 Billion +22.31%
2014-12-31 CN¥1.29 Billion +23.27%
2013-12-31 CN¥1.05 Billion +30.37%
2012-12-31 CN¥805.62 Million +32.94%
2011-12-31 CN¥605.98 Million +21.50%
2010-12-31 CN¥498.73 Million +9.16%
2009-12-31 CN¥456.89 Million +400.67%
2008-12-31 CN¥91.26 Million +191.00%
2007-12-31 CN¥31.36 Million +53.88%
2006-12-31 CN¥20.38 Million --

Equity Component Analysis

This analysis shows how different components contribute to Beijing Toread Outdoor Product'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 4456.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥393.83 Million 20.21%
Common Stock CN¥883.70 Million 45.34%
Other Comprehensive Income CN¥139.35 Million 7.15%
Other Components CN¥532.06 Million 27.30%
Total Equity CN¥1.95 Billion 100.00%

Beijing Toread Outdoor Product Competitors by Market Cap

The table below lists competitors of Beijing Toread Outdoor Product ranked by their market capitalization.

Company Market Cap
Zhejiang Windey Co Ltd
SHE:300772
 		$1.11 Billion
Tennant Company
NYSE:TNC
 		$1.11 Billion
Zhejiang Daily Media Group Co Ltd
SHG:600633
 		$1.11 Billion
SES-imagotag Société Anonyme
PINK:SRBEF
 		$1.11 Billion
GUYANA FRONTIER
F:58S
 		$1.11 Billion
Israel Corporation Ltd
OTCGREY:IRLCF
 		$1.11 Billion
Fangda Special Steel Technology Co Ltd
SHG:600507
 		$1.11 Billion
Beijing VRV Software Corp Ltd
SHE:300352
 		$1.11 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Beijing Toread Outdoor Product's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,106,103,162 to 1,948,934,626, a change of -157,168,536 (-7.5%).
  • Net income of 106,623,152 contributed positively to equity growth.
  • Dividend payments of 26,092,672 reduced retained earnings.
  • Share repurchases of 150,044,419 reduced equity.
  • Other comprehensive income increased equity by 223,976,813.
  • Other factors decreased equity by 311,631,410.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥106.62 Million +5.47%
Dividends Paid CN¥26.09 Million -1.34%
Share Repurchases CN¥150.04 Million -7.7%
Other Comprehensive Income CN¥223.98 Million +11.49%
Other Changes CN¥-311.63 Million -15.99%
Total Change CN¥- -7.46%

Book Value vs Market Value Analysis

This analysis compares Beijing Toread Outdoor Product'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: 6.07x
  • 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 80.13x to 6.07x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 CN¥0.17 CN¥13.90 x
2007-12-31 CN¥0.27 CN¥13.90 x
2008-12-31 CN¥0.16 CN¥13.90 x
2009-12-31 CN¥0.76 CN¥13.90 x
2010-12-31 CN¥0.66 CN¥13.90 x
2011-12-31 CN¥0.80 CN¥13.90 x
2012-12-31 CN¥1.05 CN¥13.90 x
2013-12-31 CN¥1.35 CN¥13.90 x
2014-12-31 CN¥1.63 CN¥13.90 x
2015-12-31 CN¥1.85 CN¥13.90 x
2016-12-31 CN¥3.29 CN¥13.90 x
2017-12-31 CN¥2.86 CN¥13.90 x
2018-12-31 CN¥2.63 CN¥13.90 x
2019-12-31 CN¥2.75 CN¥13.90 x
2020-12-31 CN¥2.39 CN¥13.90 x
2021-12-31 CN¥2.45 CN¥13.90 x
2022-12-31 CN¥2.35 CN¥13.90 x
2023-12-31 CN¥2.40 CN¥13.90 x
2024-12-31 CN¥2.29 CN¥13.90 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Beijing Toread Outdoor Product 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): 5.47%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.70%
  • • Asset Turnover: 0.61x
  • • Equity Multiplier: 1.33x
  • Recent ROE (5.47%) is below the historical average (10.85%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 15.91% 4.33% 1.17x 3.15x CN¥1.17 Million
2007 35.65% 9.20% 1.43x 2.72x CN¥7.89 Million
2008 27.91% 12.01% 1.29x 1.80x CN¥16.34 Million
2009 9.64% 15.00% 0.55x 1.17x CN¥-1.65 Million
2010 10.81% 12.42% 0.69x 1.26x CN¥4.02 Million
2011 17.68% 14.22% 0.89x 1.40x CN¥46.55 Million
2012 21.06% 15.26% 1.02x 1.36x CN¥88.60 Million
2013 24.07% 17.21% 0.97x 1.44x CN¥145.42 Million
2014 23.58% 17.16% 0.97x 1.42x CN¥169.50 Million
2015 18.55% 6.92% 1.45x 1.85x CN¥121.44 Million
2016 5.98% 5.75% 0.79x 1.31x CN¥-111.43 Million
2017 -3.33% -2.80% 0.92x 1.29x CN¥-339.81 Million
2018 -7.79% -9.13% 0.71x 1.20x CN¥-415.49 Million
2019 4.65% 7.48% 0.52x 1.19x CN¥-130.21 Million
2020 -13.03% -30.14% 0.38x 1.14x CN¥-485.93 Million
2021 2.52% 4.38% 0.49x 1.17x CN¥-161.78 Million
2022 3.37% 6.14% 0.43x 1.27x CN¥-137.52 Million
2023 3.41% 5.16% 0.53x 1.25x CN¥-138.81 Million
2024 5.47% 6.70% 0.61x 1.33x CN¥-88.27 Million

Industry Comparison

This section compares Beijing Toread Outdoor Product's net assets metrics with peer companies in the Leisure industry.

Industry Context

  • Industry: Leisure
  • Average net assets among peers: $1,311,726,261
  • Average return on equity (ROE) among peers: 5.60%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Beijing Toread Outdoor Product (300005) CN¥1.93 Billion 15.91% 0.37x $1.11 Billion
Sportsoul Co. Ltd. A (001300) $1.04 Billion -4.14% 0.16x $178.56 Million
HL Corp Shenzhen (002105) $227.43 Million 13.86% 2.02x $177.32 Million
Goldlok Toys Holdings Guangdong Co Ltd (002348) $1.39 Billion 3.98% 0.25x $627.40 Million
Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) $853.80 Million 6.13% 0.02x $533.55 Million
Shanghai Yaoji Playing Card Co Ltd (002605) $2.73 Billion 12.77% 0.61x $690.34 Million
Xiamen Comfort Science&Technology Group Co Ltd (002614) $5.09 Billion 9.01% 0.82x $341.19 Million
Guangzhou Pearl River Piano Group Co Ltd (002678) $2.03 Billion 7.47% 0.43x $195.17 Million
Shifeng Cultural Development Co Ltd (002862) $513.21 Million -0.19% 0.31x $198.09 Million
Impulse Qingdao Health Tech Co Ltd (002899) $1.24 Billion 7.11% 0.85x $414.15 Million
China Bicycle Co Holdings Ltd (200017) $-1.99 Billion 0.00% 0.00x $103.15 Million