Zhejiang Golden Eagle Co Ltd

SHG:600232 China Textile Manufacturing
Market Cap
$436.44 Million
CN¥3.20 Billion CNY
Market Cap Rank
#14616 Global
#3863 in China
Share Price
CN¥8.78
Change (1 day)
+10.03%
52-Week Range
CN¥4.85 - CN¥9.36
All Time High
CN¥13.07
Categories
Companies in China Textile Manufacturing Cannabis & CBD
About

Zhejiang Golden Eagle Co.,Ltd. manufactures and sells textile machinery for hemp, linen, silk, and wool in China. The company offers textile machinery products, including flax, jute, sisal, and silk spinning equipment; ramie strip making equipment; automatic silk reeling equipment; wool spinning needle combing; and pre-spinning equipment. It also provides textile and clothing products, such as mu… Read more

Zhejiang Golden Eagle Co Ltd (600232) - Net Assets

Latest net assets as of September 2025: CN¥1.02 Billion CNY

Based on the latest financial reports, Zhejiang Golden Eagle Co Ltd (600232) has net assets worth CN¥1.02 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¥1.94 Billion) and total liabilities (CN¥918.40 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¥1.02 Billion
% of Total Assets 52.57%
Annual Growth Rate 7.72%
5-Year Change -8.91%
10-Year Change -14.97%
Growth Volatility 30.39

Zhejiang Golden Eagle Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Zhejiang Golden Eagle 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 Golden Eagle Co Ltd (1997–2024)

The table below shows the annual net assets of Zhejiang Golden Eagle Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.02 Billion -5.87%
2023-12-31 CN¥1.08 Billion -1.78%
2022-12-31 CN¥1.10 Billion +0.93%
2021-12-31 CN¥1.09 Billion -2.38%
2020-12-31 CN¥1.12 Billion -4.22%
2019-12-31 CN¥1.17 Billion -1.22%
2018-12-31 CN¥1.18 Billion -1.28%
2017-12-31 CN¥1.20 Billion -0.13%
2016-12-31 CN¥1.20 Billion +0.07%
2015-12-31 CN¥1.20 Billion +0.20%
2014-12-31 CN¥1.20 Billion -0.17%
2013-12-31 CN¥1.20 Billion -1.17%
2012-12-31 CN¥1.21 Billion -3.07%
2011-12-31 CN¥1.25 Billion -0.64%
2010-12-31 CN¥1.26 Billion +0.42%
2009-12-31 CN¥1.25 Billion +15.42%
2008-12-31 CN¥1.09 Billion -3.79%
2007-12-31 CN¥1.13 Billion +14.40%
2006-12-31 CN¥986.07 Million +9.65%
2005-12-31 CN¥899.32 Million +12.28%
2004-12-31 CN¥800.94 Million +22.57%
2003-12-31 CN¥653.45 Million +31.16%
2002-12-31 CN¥498.22 Million +8.03%
2001-12-31 CN¥461.20 Million +9.33%
2000-12-31 CN¥421.83 Million +158.39%
1999-12-31 CN¥163.26 Million +15.62%
1998-12-31 CN¥141.20 Million +3.24%
1997-12-31 CN¥136.77 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Golden Eagle 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 5350000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥43.34 Million 4.48%
Common Stock CN¥364.72 Million 37.69%
Other Comprehensive Income CN¥159.26 Million 16.46%
Other Components CN¥400.33 Million 41.37%
Total Equity CN¥967.64 Million 100.00%

Zhejiang Golden Eagle Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Golden Eagle Co Ltd ranked by their market capitalization.

Company Market Cap
FAMUR S.A. ZY 001
F:8MF
 		$217.14 Million
Bestore Co Ltd
SHG:603719
 		$217.17 Million
Nextool Technology Co. Ltd. A
SHG:688419
 		$217.22 Million
Hansa Biopharma AB (publ)
PINK:HNSBF
 		$217.34 Million
Chongqing Xishan Science&Technology Co. Ltd. A
SHG:688576
 		$217.07 Million
Guangdong Deerma Technology Co. Ltd. A
SHE:301332
 		$217.02 Million
Taiwan Navigation Co Ltd
TW:2617
 		$217.02 Million
Citizens Inc
NYSE:CIA
 		$217.00 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Golden Eagle Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,035,703,000 to 967,638,000, a change of -68,065,000 (-6.6%).
  • Net income of 22,355,000 contributed positively to equity growth.
  • Dividend payments of 104,520,000 reduced retained earnings.
  • Other comprehensive income increased equity by 5,066,702.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥22.36 Million +2.31%
Dividends Paid CN¥104.52 Million -10.8%
Other Comprehensive Income CN¥5.07 Million +0.52%
Other Changes CN¥9.03 Million +0.93%
Total Change CN¥- -6.57%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Golden Eagle 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: 3.31x
  • 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 20.39x to 3.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.43 CN¥8.78 x
1998-12-31 CN¥0.44 CN¥8.78 x
1999-12-31 CN¥0.51 CN¥8.78 x
2000-12-31 CN¥1.41 CN¥8.78 x
2001-12-31 CN¥1.54 CN¥8.78 x
2002-12-31 CN¥1.75 CN¥8.78 x
2003-12-31 CN¥2.17 CN¥8.78 x
2004-12-31 CN¥2.62 CN¥8.78 x
2005-12-31 CN¥2.93 CN¥8.78 x
2006-12-31 CN¥3.25 CN¥8.78 x
2007-12-31 CN¥3.54 CN¥8.78 x
2008-12-31 CN¥3.28 CN¥8.78 x
2009-12-31 CN¥3.85 CN¥8.78 x
2010-12-31 CN¥3.65 CN¥8.78 x
2011-12-31 CN¥3.21 CN¥8.78 x
2012-12-31 CN¥2.85 CN¥8.78 x
2013-12-31 CN¥3.07 CN¥8.78 x
2014-12-31 CN¥3.20 CN¥8.78 x
2015-12-31 CN¥3.15 CN¥8.78 x
2016-12-31 CN¥3.24 CN¥8.78 x
2017-12-31 CN¥3.23 CN¥8.78 x
2018-12-31 CN¥3.13 CN¥8.78 x
2019-12-31 CN¥3.04 CN¥8.78 x
2020-12-31 CN¥2.99 CN¥8.78 x
2021-12-31 CN¥2.93 CN¥8.78 x
2022-12-31 CN¥2.97 CN¥8.78 x
2023-12-31 CN¥2.84 CN¥8.78 x
2024-12-31 CN¥2.65 CN¥8.78 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Golden Eagle 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): 2.31%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.71%
  • • Asset Turnover: 0.72x
  • • Equity Multiplier: 1.87x
  • Recent ROE (2.31%) is below the historical average (7.67%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 21.22% 9.35% 0.62x 3.66x CN¥13.78 Million
1998 25.39% 8.49% 0.81x 3.69x CN¥19.31 Million
1999 27.56% 8.70% 0.96x 3.29x CN¥25.58 Million
2000 12.14% 8.54% 0.80x 1.78x CN¥8.61 Million
2001 12.25% 8.56% 0.77x 1.87x CN¥9.91 Million
2002 12.98% 9.07% 0.84x 1.70x CN¥14.87 Million
2003 21.18% 12.40% 0.98x 1.75x CN¥69.11 Million
2004 20.11% 11.62% 0.86x 2.01x CN¥75.49 Million
2005 12.68% 8.11% 0.78x 2.02x CN¥22.40 Million
2006 10.66% 6.59% 0.70x 2.30x CN¥6.18 Million
2007 4.80% 3.23% 0.67x 2.22x CN¥-54.02 Million
2008 -3.66% -3.42% 0.50x 2.15x CN¥-143.31 Million
2009 0.78% 1.22% 0.37x 1.73x CN¥-112.98 Million
2010 0.82% 1.02% 0.49x 1.65x CN¥-113.31 Million
2011 2.18% 2.17% 0.62x 1.63x CN¥-95.75 Million
2012 0.70% 0.77% 0.57x 1.61x CN¥-111.28 Million
2013 0.98% 0.91% 0.69x 1.56x CN¥-106.39 Million
2014 2.19% 2.19% 0.65x 1.54x CN¥-91.88 Million
2015 2.54% 2.68% 0.67x 1.41x CN¥-87.79 Million
2016 2.47% 2.82% 0.62x 1.42x CN¥-88.55 Million
2017 2.17% 2.05% 0.70x 1.52x CN¥-91.24 Million
2018 2.23% 2.12% 0.68x 1.55x CN¥-88.24 Million
2019 2.32% 2.07% 0.67x 1.68x CN¥-85.02 Million
2020 2.98% 3.14% 0.56x 1.71x CN¥-74.91 Million
2021 4.70% 4.06% 0.70x 1.66x CN¥-55.43 Million
2022 4.71% 3.80% 0.78x 1.59x CN¥-55.68 Million
2023 3.41% 2.58% 0.80x 1.66x CN¥-68.24 Million
2024 2.31% 1.71% 0.72x 1.87x CN¥-74.41 Million

Industry Comparison

This section compares Zhejiang Golden Eagle 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 Golden Eagle Co Ltd (600232) CN¥1.02 Billion 21.22% 0.90x $217.11 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