Anhui Korrun Co Ltd (300577) - Net Assets
Based on the latest financial reports, Anhui Korrun Co Ltd (300577) has net assets worth CN¥2.58 Billion CNY (≈ $378.07 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¥6.10 Billion ≈ $892.12 Million USD) and total liabilities (CN¥3.51 Billion ≈ $514.05 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 300577 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.58 Billion |
| % of Total Assets | 42.38% |
| Annual Growth Rate | 32.6% |
| 5-Year Change | 59.0% |
| 10-Year Change | 1140.05% |
| Growth Volatility | 42.72 |
Anhui Korrun Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Anhui Korrun Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Anhui Korrun Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Anhui Korrun Co Ltd (2012–2024)
The table below shows the annual net assets of Anhui Korrun Co Ltd from 2012 to 2024. For live valuation and market cap data, see 300577 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.60 Billion ≈ $380.59 Million |
+36.24% |
| 2023-12-31 | CN¥1.91 Billion ≈ $279.34 Million |
+8.02% |
| 2022-12-31 | CN¥1.77 Billion ≈ $258.61 Million |
+2.07% |
| 2021-12-31 | CN¥1.73 Billion ≈ $253.36 Million |
+5.85% |
| 2020-12-31 | CN¥1.64 Billion ≈ $239.37 Million |
+81.71% |
| 2019-12-31 | CN¥900.20 Million ≈ $131.73 Million |
+32.64% |
| 2018-12-31 | CN¥678.66 Million ≈ $99.31 Million |
+36.08% |
| 2017-12-31 | CN¥498.72 Million ≈ $72.98 Million |
-7.96% |
| 2016-12-31 | CN¥541.88 Million ≈ $79.29 Million |
+158.36% |
| 2015-12-31 | CN¥209.74 Million ≈ $30.69 Million |
+38.01% |
| 2014-12-31 | CN¥151.98 Million ≈ $22.24 Million |
+36.18% |
| 2013-12-31 | CN¥111.60 Million ≈ $16.33 Million |
+26.75% |
| 2012-12-31 | CN¥88.04 Million ≈ $12.88 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Anhui Korrun 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 2080.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.14 Billion | 53.13% |
| Common Stock | CN¥239.79 Million | 11.20% |
| Other Components | CN¥763.98 Million | 35.67% |
| Total Equity | CN¥2.14 Billion | 100.00% |
Anhui Korrun Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Korrun Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tamboran Resources Corporation
AU:TBN
|
$744.06 Million |
|
Kuyas Yatirim AS
IS:KUYAS
|
$744.49 Million |
|
Tamar Petroleum Ltd
TA:TMRP
|
$744.67 Million |
|
Shanghai Kinetic Medical Co
SHE:300326
|
$744.94 Million |
|
Jinzai Food Group Co Ltd
SHE:003000
|
$743.59 Million |
|
Yiwu Huading Nylon Co Ltd
SHG:601113
|
$743.23 Million |
|
Gokul Agro Resources Limited
NSE:GOKULAGRO
|
$742.96 Million |
|
Chengdu Xinzhu Road&Bridge Machinery Co Ltd
SHE:002480
|
$742.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Korrun Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,852,596,446 to 2,141,747,629, a change of 289,151,183 (15.6%).
- Net income of 380,998,571 contributed positively to equity growth.
- Dividend payments of 95,965,848 reduced retained earnings.
- Share repurchases of 54,663,387 reduced equity.
- Other factors increased equity by 58,781,847.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥381.00 Million | +17.79% |
| Dividends Paid | CN¥95.97 Million | -4.48% |
| Share Repurchases | CN¥54.66 Million | -2.55% |
| Other Changes | CN¥58.78 Million | +2.74% |
| Total Change | CN¥- | 15.61% |
Book Value vs Market Value Analysis
This analysis compares Anhui Korrun 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: 2.43x
- 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 20.75x to 2.43x 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¥1.02 | CN¥21.20 | x |
| 2013-12-31 | CN¥1.29 | CN¥21.20 | x |
| 2014-12-31 | CN¥0.94 | CN¥21.20 | x |
| 2015-12-31 | CN¥1.27 | CN¥21.20 | x |
| 2016-12-31 | CN¥2.86 | CN¥21.20 | x |
| 2017-12-31 | CN¥2.27 | CN¥21.20 | x |
| 2018-12-31 | CN¥2.93 | CN¥21.20 | x |
| 2019-12-31 | CN¥3.84 | CN¥21.20 | x |
| 2020-12-31 | CN¥7.10 | CN¥21.20 | x |
| 2021-12-31 | CN¥6.93 | CN¥21.20 | x |
| 2022-12-31 | CN¥7.31 | CN¥21.20 | x |
| 2023-12-31 | CN¥7.69 | CN¥21.20 | x |
| 2024-12-31 | CN¥8.71 | CN¥21.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Korrun 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): 17.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.41x
- Recent ROE (17.79%) is below the historical average (18.74%), 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 | 23.56% | 7.42% | 1.11x | 2.87x | CN¥11.94 Million |
| 2013 | 20.42% | 7.72% | 1.02x | 2.59x | CN¥11.63 Million |
| 2014 | 27.64% | 10.08% | 1.27x | 2.16x | CN¥26.82 Million |
| 2015 | 32.20% | 13.41% | 1.19x | 2.01x | CN¥45.67 Million |
| 2016 | 15.71% | 10.83% | 0.96x | 1.52x | CN¥30.53 Million |
| 2017 | 27.35% | 11.48% | 1.17x | 2.03x | CN¥84.63 Million |
| 2018 | 27.30% | 8.48% | 1.45x | 2.22x | CN¥110.10 Million |
| 2019 | 27.10% | 8.39% | 1.37x | 2.36x | CN¥142.60 Million |
| 2020 | 4.93% | 4.01% | 0.64x | 1.92x | CN¥-80.14 Million |
| 2021 | 10.68% | 7.87% | 0.65x | 2.08x | CN¥11.41 Million |
| 2022 | 2.74% | 1.71% | 0.78x | 2.05x | CN¥-124.43 Million |
| 2023 | 6.24% | 3.72% | 0.87x | 1.94x | CN¥-69.64 Million |
| 2024 | 17.79% | 8.99% | 0.82x | 2.41x | CN¥166.82 Million |
Industry Comparison
This section compares Anhui Korrun Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,909,539,244
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Korrun Co Ltd (300577) | CN¥2.58 Billion | 23.56% | 1.36x | $744.03 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $914.84 Million | 6.04% | 1.48x | $791.62 Million |
| Anhui ANLI Artificial Leather (300218) | $277.39 Million | 25.56% | 1.55x | $485.17 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $616.32 Million | 4.67% | 0.19x | $491.18 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $281.05 Million | 13.17% | 1.53x | $470.15 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $375.86 Million | 29.05% | 0.28x | $562.26 Million |
| Huali Industrial Group Company Limited (300979) | $5.74 Billion | 32.72% | 0.70x | $6.51 Billion |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.72 Billion | 7.37% | 0.28x | $482.90 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.54 Billion | 5.54% | 0.32x | $549.74 Million |
| Topscore Fashion (603608) | $1.72 Billion | -26.74% | 0.56x | $808.87 Million |
About Anhui Korrun Co Ltd
Anhui Korrun Co., Ltd. engages in the research and development, design, production, and sales of various travel products in China and internationally. Its products include trolley cases, backpacks, suitcase, bags; protective cases, and flip travel cases; outdoor and sports bags, as well as shoes, apparel, and clothing products. The company also offers sports and leisure bags; business bags; and o… Read more