Doctorglasses Chain Co Ltd (300622) - Net Assets
Based on the latest financial reports, Doctorglasses Chain Co Ltd (300622) has net assets worth CN¥962.76 Million CNY (≈ $140.88 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.80 Billion ≈ $263.75 Million USD) and total liabilities (CN¥839.63 Million ≈ $122.86 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 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥962.76 Million |
| % of Total Assets | 53.42% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 38.62% |
| 10-Year Change | 275.94% |
| Growth Volatility | 21.38 |
Doctorglasses Chain Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Doctorglasses Chain Co Ltd's net assets have evolved over time, based on quarterly financial data. See Doctorglasses Chain Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Doctorglasses Chain Co Ltd (2012–2025)
The table below shows the annual net assets of Doctorglasses Chain Co Ltd from 2012 to 2025. For live valuation and market cap data, see Doctorglasses Chain Co Ltd (300622) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥922.54 Million ≈ $135.00 Million |
+19.62% |
| 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 1057.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥360.90 Million | 39.74% |
| Other Components | CN¥547.33 Million | 60.26% |
| Total Equity | CN¥908.23 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 |
|---|---|
|
WhiteFiber, Inc. Ordinary Shares
NASDAQ:WYFI
|
$719.82 Million |
|
Qingdao Tianneng Heavy Industries Co Ltd
SHE:300569
|
$719.84 Million |
|
OppFi Inc
NYSE:OPFI
|
$719.87 Million |
|
Nanjing Hicin Pharmaceutical Co Ltd
SHE:300584
|
$719.95 Million |
|
Hunan Huakai Cultural and Creative Co Ltd
SHE:300592
|
$719.52 Million |
|
Shenzhen Absen Optoelectronic Co Ltd
SHE:300389
|
$719.43 Million |
|
Civmec Ltd
AU:CVL
|
$719.38 Million |
|
Doman Building Materials Group Ltd
TO:DBM
|
$719.30 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 2024 to 2025, total equity changed from 760,633,819 to 908,226,052, a change of 147,592,233 (19.4%).
- Net income of 148,605,952 contributed positively to equity growth.
- Dividend payments of 26,739,139 reduced retained earnings.
- Other factors increased equity by 25,725,420.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥148.61 Million | +16.36% |
| Dividends Paid | CN¥26.74 Million | -2.94% |
| Other Changes | CN¥25.73 Million | +2.83% |
| Total Change | CN¥- | 19.40% |
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: 5.42x
- 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 9.89x to 5.42x 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¥15.42 | x |
| 2013-12-31 | CN¥1.72 | CN¥15.42 | x |
| 2014-12-31 | CN¥1.90 | CN¥15.42 | x |
| 2015-12-31 | CN¥1.86 | CN¥15.42 | x |
| 2016-12-31 | CN¥1.96 | CN¥15.42 | x |
| 2017-12-31 | CN¥2.88 | CN¥15.42 | x |
| 2018-12-31 | CN¥4.18 | CN¥15.42 | x |
| 2019-12-31 | CN¥3.38 | CN¥15.42 | x |
| 2020-12-31 | CN¥3.61 | CN¥15.42 | x |
| 2021-12-31 | CN¥3.82 | CN¥15.42 | x |
| 2022-12-31 | CN¥4.00 | CN¥15.42 | x |
| 2023-12-31 | CN¥4.56 | CN¥15.42 | x |
| 2024-12-31 | CN¥4.34 | CN¥15.42 | x |
| 2025-12-31 | CN¥2.85 | CN¥15.42 | 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): 16.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.92%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.49x
- Recent ROE (16.36%) is above the historical average (13.79%), 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 |
| 2025 | 16.36% | 10.92% | 1.00x | 1.49x | CN¥57.78 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: $5,564,920,374
- Average return on equity (ROE) among peers: -4.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Doctorglasses Chain Co Ltd (300622) | CN¥962.76 Million | 15.71% | 0.87x | $719.79 Million |
| Suning Commerce Group Co Ltd (002024) | $31.03 Billion | -139.43% | 4.50x | $1.64 Billion |
| Haining China Leather Market Co Ltd (002344) | $7.50 Billion | 4.85% | 0.47x | $696.32 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $237.05 Million | 25.89% | 3.67x | $481.02 Million |
| Shenzhen Aisidi Co Ltd (002416) | $5.65 Billion | 12.40% | 1.00x | $1.94 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $716.32 Million | -3.65% | 0.41x | $313.84 Million |
| BYBON Group Co Ltd Class A (300736) | $96.69 Million | 16.73% | 1.04x | $666.09 Million |
| Kidswant Children Products Co.Ltd. (301078) | $1.70 Billion | 22.21% | 1.56x | $1.37 Billion |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $1.54 Billion | 15.57% | 1.22x | $899.90 Million |
| Jiangsu Holly Corp (600128) | $1.61 Billion | 4.11% | 0.78x | $303.49 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