Zhejiang Furun Co Ltd
Zhejiang Furun Digital Technology CO.,LTD provides internet services in China. The company offers internet marketing, big data analysis, and media advertising services. It is also involved in the live e-commerce business that includes online sales of various products in the fields of beauty make up and personal care. In addition, the company provides multi-channel supply chain brand services; and… Read more
Zhejiang Furun Co Ltd (600070) - Net Assets
Latest net assets as of September 2024: CN¥488.71 Million CNY
Based on the latest financial reports, Zhejiang Furun Co Ltd (600070) has net assets worth CN¥488.71 Million CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥931.85 Million) and total liabilities (CN¥443.14 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¥488.71 Million |
| % of Total Assets | 52.44% |
| Annual Growth Rate | 3.68% |
| 5-Year Change | -79.64% |
| 10-Year Change | -47.98% |
| Growth Volatility | 28.67 |
Zhejiang Furun Co Ltd - Net Assets Trend (2000–2023)
This chart illustrates how Zhejiang Furun Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Furun Co Ltd (2000–2023)
The table below shows the annual net assets of Zhejiang Furun Co Ltd from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥647.33 Million | -46.90% |
| 2022-12-31 | CN¥1.22 Billion | -31.45% |
| 2021-12-31 | CN¥1.78 Billion | -24.84% |
| 2020-12-31 | CN¥2.37 Billion | -25.58% |
| 2019-12-31 | CN¥3.18 Billion | +18.58% |
| 2018-12-31 | CN¥2.68 Billion | +3.13% |
| 2017-12-31 | CN¥2.60 Billion | +9.54% |
| 2016-12-31 | CN¥2.37 Billion | +100.96% |
| 2015-12-31 | CN¥1.18 Billion | -5.08% |
| 2014-12-31 | CN¥1.24 Billion | +8.96% |
| 2013-12-31 | CN¥1.14 Billion | +39.04% |
| 2012-12-31 | CN¥821.43 Million | +15.60% |
| 2011-12-31 | CN¥710.60 Million | +9.15% |
| 2010-12-31 | CN¥651.00 Million | +1.44% |
| 2009-12-31 | CN¥641.78 Million | +5.33% |
| 2008-12-31 | CN¥609.31 Million | -3.01% |
| 2007-12-31 | CN¥628.19 Million | +11.65% |
| 2006-12-31 | CN¥562.64 Million | +3.15% |
| 2005-12-31 | CN¥545.46 Million | +8.36% |
| 2004-12-31 | CN¥503.40 Million | +9.93% |
| 2003-12-31 | CN¥457.92 Million | +13.93% |
| 2002-12-31 | CN¥401.94 Million | +49.88% |
| 2001-12-31 | CN¥268.18 Million | -4.90% |
| 2000-12-31 | CN¥281.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Furun 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 decreased by 2826.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.70 Billion | 257.06% |
| Total Equity | CN¥659.69 Million | 100.00% |
Zhejiang Furun Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Furun Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Konya Kagit Sanayi ve Ticaret AS
IS:KONKA
|
$21.78 Million |
|
G-Able PCL
BK:GABLE
|
$21.78 Million |
|
Harmoney Corp Ltd
AU:HMY
|
$21.78 Million |
|
Taiwan Taffeta Fabric Co Ltd
TW:1454
|
$21.78 Million |
|
Doctor Care Anywhere Group Plc
AU:DOC
|
$21.76 Million |
|
Nam Kwang Cons
KO:001260
|
$21.76 Million |
|
Aura Systems Inc
PINK:AUSI
|
$21.75 Million |
|
Zhejiang Yuancheng Landscape
SHG:603388
|
$21.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Furun Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,227,415,400 to 659,694,396, a change of -567,721,005 (-46.3%).
- Net loss of 567,721,005 reduced equity.
- Dividend payments of 4,735,801 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-567.72 Million | -86.06% |
| Dividends Paid | CN¥4.74 Million | -0.72% |
| Other Changes | CN¥4.74 Million | +0.72% |
| Total Change | CN¥- | -46.25% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Furun 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: 0.32x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.41 | CN¥0.42 | x |
| 2018-12-31 | CN¥4.53 | CN¥0.42 | x |
| 2019-12-31 | CN¥5.45 | CN¥0.42 | x |
| 2020-12-31 | CN¥4.54 | CN¥0.42 | x |
| 2021-12-31 | CN¥3.41 | CN¥0.42 | x |
| 2022-12-31 | CN¥2.42 | CN¥0.42 | x |
| 2023-12-31 | CN¥1.30 | CN¥0.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Furun 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): -86.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -608.94%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.58x
- Recent ROE (-86.06%) is below the historical average (-1.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.90% | 12.24% | 0.51x | 1.75x | CN¥2.15 Million |
| 2001 | 7.77% | 8.78% | 0.47x | 1.87x | CN¥-5.11 Million |
| 2002 | 6.92% | 10.73% | 0.42x | 1.52x | CN¥-11.20 Million |
| 2003 | 6.27% | 7.42% | 0.54x | 1.57x | CN¥-14.50 Million |
| 2004 | 4.10% | 4.74% | 0.42x | 2.07x | CN¥-23.09 Million |
| 2005 | 3.35% | 2.97% | 0.45x | 2.50x | CN¥-26.15 Million |
| 2006 | 2.13% | 1.70% | 0.55x | 2.28x | CN¥-31.20 Million |
| 2007 | 11.57% | 9.53% | 0.47x | 2.56x | CN¥6.81 Million |
| 2008 | 1.46% | 0.93% | 0.52x | 3.03x | CN¥-36.00 Million |
| 2009 | 9.18% | 4.95% | 0.63x | 2.95x | CN¥-3.66 Million |
| 2010 | 13.42% | 5.98% | 0.72x | 3.11x | CN¥16.22 Million |
| 2011 | 7.25% | 3.40% | 0.76x | 2.81x | CN¥-14.24 Million |
| 2012 | 21.57% | 12.04% | 0.68x | 2.63x | CN¥68.23 Million |
| 2013 | 14.17% | 11.42% | 0.61x | 2.05x | CN¥36.05 Million |
| 2015 | 2.53% | 2.97% | 0.38x | 2.22x | CN¥-70.42 Million |
| 2016 | 4.76% | 11.45% | 0.24x | 1.73x | CN¥-110.87 Million |
| 2017 | 7.22% | 8.62% | 0.53x | 1.57x | CN¥-63.91 Million |
| 2018 | 9.18% | 7.83% | 0.67x | 1.76x | CN¥-19.41 Million |
| 2019 | 17.08% | 15.51% | 0.66x | 1.68x | CN¥201.25 Million |
| 2020 | -18.29% | -14.26% | 0.82x | 1.56x | CN¥-670.18 Million |
| 2021 | -31.77% | -43.07% | 0.48x | 1.53x | CN¥-742.99 Million |
| 2022 | -47.75% | -301.03% | 0.11x | 1.48x | CN¥-708.78 Million |
| 2023 | -86.06% | -608.94% | 0.09x | 1.58x | CN¥-633.69 Million |
Industry Comparison
This section compares Zhejiang Furun Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,087,528,080
- Average return on equity (ROE) among peers: 3.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Furun Co Ltd (600070) | CN¥488.71 Million | 10.90% | 0.91x | $21.77 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $6.01 Billion | 5.91% | 1.13x | $2.82 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $2.78 Billion | 3.08% | 1.22x | $1.35 Billion |
| Anhui Huamao Textile Co Ltd (000850) | $1.46 Billion | 9.44% | 1.18x | $321.50 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $5.51 Billion | -7.89% | 1.03x | $1.15 Billion |
| Xinlong Holding Group Co Ltd (000955) | $456.17 Million | 0.57% | 1.07x | $279.03 Million |
| Jiiangsu Times Textile Technology Co.LTD (001234) | $895.28 Million | 7.28% | 0.27x | $106.39 Million |
| Anhui Guqi Down & Feather (001390) | $913.70 Million | 18.41% | 0.55x | $30.69K |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $218.05 Million | -26.65% | 0.95x | $570.82 Million |
| Sunvim Group Co Ltd (002083) | $2.51 Billion | 5.50% | 1.43x | $791.11 Million |
| Hongda High-Tech Holding Co Ltd (002144) | $122.66 Million | 23.59% | 1.10x | $232.55 Million |