Doctorglasses Chain Co Ltd (300622) - Net Assets
Based on the latest financial reports, Doctorglasses Chain Co Ltd (300622) has net assets worth CN¥860.93 Million CNY (≈ $125.98 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¥1.33 Billion ≈ $194.72 Million USD) and total liabilities (CN¥469.77 Million ≈ $68.74 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 300622 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥860.93 Million |
| % of Total Assets | 64.7% |
| Annual Growth Rate | 12.05% |
| 5-Year Change | 25.64% |
| 10-Year Change | 230.5% |
| Growth Volatility | 22.2 |
Doctorglasses Chain Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Doctorglasses Chain Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Doctorglasses Chain Co Ltd (300622) total assets for the complete picture of this company's asset base.
Annual Net Assets for Doctorglasses Chain Co Ltd (2012–2024)
The table below shows the annual net assets of Doctorglasses Chain Co Ltd from 2012 to 2024. For live valuation and market cap data, see Doctorglasses Chain Co Ltd (300622) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥771.22 Million ≈ $112.85 Million |
-5.06% |
| 2023-12-31 | CN¥812.29 Million ≈ $118.86 Million |
+17.32% |
| 2022-12-31 | CN¥692.37 Million ≈ $101.32 Million |
+4.03% |
| 2021-12-31 | CN¥665.54 Million ≈ $97.39 Million |
+8.42% |
| 2020-12-31 | CN¥613.86 Million ≈ $89.83 Million |
+7.44% |
| 2019-12-31 | CN¥571.36 Million ≈ $83.61 Million |
+12.66% |
| 2018-12-31 | CN¥507.15 Million ≈ $74.21 Million |
+11.92% |
| 2017-12-31 | CN¥453.13 Million ≈ $66.31 Million |
+84.66% |
| 2016-12-31 | CN¥245.39 Million ≈ $35.91 Million |
+5.16% |
| 2015-12-31 | CN¥233.35 Million ≈ $34.15 Million |
-1.98% |
| 2014-12-31 | CN¥238.05 Million ≈ $34.83 Million |
+9.70% |
| 2013-12-31 | CN¥217.01 Million ≈ $31.76 Million |
+10.16% |
| 2012-12-31 | CN¥197.00 Million ≈ $28.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Doctorglasses Chain 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 617.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥223.63 Million | 29.40% |
| Common Stock | CN¥175.30 Million | 23.05% |
| Other Components | CN¥361.70 Million | 47.55% |
| Total Equity | CN¥760.63 Million | 100.00% |
Doctorglasses Chain Co Ltd Competitors by Market Cap
The table below lists competitors of Doctorglasses Chain Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GoGold Resources Inc.
TO:GGD
|
$826.61 Million |
|
Ripley Corp
SN:RIPLEY
|
$826.66 Million |
|
Yunnan Nantian Electronics Information Co Ltd
SHE:000948
|
$826.70 Million |
|
PPHE Hotel Group Ltd
F:32P
|
$826.99 Million |
|
RMK Energy PT Tbk
JK:RMKE
|
$825.47 Million |
|
MCEWEN MINING INC.
F:US8
|
$825.46 Million |
|
Hunan Sokan New Materials Co. Ltd. A
SHG:688157
|
$825.21 Million |
|
Heritage Insurance Hldgs Inc
NYSE:HRTG
|
$825.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Doctorglasses Chain Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 788,732,464 to 760,633,819, a change of -28,098,645 (-3.6%).
- Net income of 103,628,437 contributed positively to equity growth.
- Dividend payments of 147,084,845 reduced retained earnings.
- Share repurchases of 635,631 reduced equity.
- Other factors increased equity by 15,993,394.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥103.63 Million | +13.62% |
| Dividends Paid | CN¥147.08 Million | -19.34% |
| Share Repurchases | CN¥635.63K | -0.08% |
| Other Changes | CN¥15.99 Million | +2.1% |
| Total Change | CN¥- | -3.56% |
Book Value vs Market Value Analysis
This analysis compares Doctorglasses Chain 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: 5.71x
- 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 15.89x to 5.71x 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¥1.56 | CN¥24.78 | x |
| 2013-12-31 | CN¥1.72 | CN¥24.78 | x |
| 2014-12-31 | CN¥1.90 | CN¥24.78 | x |
| 2015-12-31 | CN¥1.86 | CN¥24.78 | x |
| 2016-12-31 | CN¥1.96 | CN¥24.78 | x |
| 2017-12-31 | CN¥2.88 | CN¥24.78 | x |
| 2018-12-31 | CN¥4.18 | CN¥24.78 | x |
| 2019-12-31 | CN¥3.38 | CN¥24.78 | x |
| 2020-12-31 | CN¥3.61 | CN¥24.78 | x |
| 2021-12-31 | CN¥3.82 | CN¥24.78 | x |
| 2022-12-31 | CN¥4.00 | CN¥24.78 | x |
| 2023-12-31 | CN¥4.56 | CN¥24.78 | x |
| 2024-12-31 | CN¥4.34 | CN¥24.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Doctorglasses Chain 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): 13.62%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.62%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.65x
- Recent ROE (13.62%) is above the historical average (13.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.71% | 11.38% | 1.12x | 1.23x | CN¥11.25 Million |
| 2013 | 15.15% | 10.04% | 1.25x | 1.20x | CN¥11.19 Million |
| 2014 | 14.25% | 9.39% | 1.27x | 1.20x | CN¥10.11 Million |
| 2015 | 15.12% | 9.39% | 1.33x | 1.21x | CN¥11.96 Million |
| 2016 | 15.40% | 9.08% | 1.39x | 1.22x | CN¥13.25 Million |
| 2017 | 11.52% | 11.07% | 0.90x | 1.16x | CN¥6.88 Million |
| 2018 | 11.78% | 10.48% | 0.96x | 1.17x | CN¥8.95 Million |
| 2019 | 10.99% | 9.52% | 0.98x | 1.18x | CN¥5.59 Million |
| 2020 | 11.36% | 10.54% | 0.89x | 1.21x | CN¥8.28 Million |
| 2021 | 14.41% | 10.68% | 0.90x | 1.50x | CN¥28.99 Million |
| 2022 | 11.09% | 7.88% | 0.99x | 1.43x | CN¥7.43 Million |
| 2023 | 16.24% | 10.89% | 1.05x | 1.42x | CN¥49.19 Million |
| 2024 | 13.62% | 8.62% | 0.96x | 1.65x | CN¥27.57 Million |
Industry Comparison
This section compares Doctorglasses Chain Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $2,695,789,717
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doctorglasses Chain Co Ltd (300622) | CN¥860.93 Million | 15.71% | 0.55x | $826.22 Million |
| Suning Commerce Group Co Ltd (002024) | $1.24 Billion | 28.32% | 2.49x | $1.82 Billion |
| Haining China Leather Market Co Ltd (002344) | $8.15 Billion | 4.02% | 0.46x | $840.84 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $1.64 Billion | -23.02% | 1.86x | $550.30 Million |
| Shenzhen Aisidi Co Ltd (002416) | $6.06 Billion | 15.22% | 1.53x | $2.50 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $360.21 Million | 8.55% | 0.19x | $386.72 Million |
| BYBON Group Co Ltd Class A (300736) | $96.69 Million | 16.73% | 1.04x | $516.69 Million |
| Kidswant Children Products Co.Ltd. (301078) | $3.30 Billion | 3.19% | 1.91x | $1.63 Billion |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $1.81 Billion | 13.84% | 0.92x | $980.58 Million |
| Jiangsu Holly Corp (600128) | $1.61 Billion | 4.11% | 0.78x | $390.78 Million |
About Doctorglasses Chain Co Ltd
Doctorglasses Chain Co.,Ltd. engages in the retail of eyewear in China. It offers optical glasses; smart glasses; ready-to-wear glasses series, including sunglasses, reading glasses, etc.; contact lenses; soft/hard contact lenses; care solutions, and eye health peripheral products. The company provides eye examinations and fitting, wearing, and debugging, to after-sales visit. It sells its produc… Read more