Liaoning Shidai Wanheng Co Ltd (600241) - Net Assets
Based on the latest financial reports, Liaoning Shidai Wanheng Co Ltd (600241) has net assets worth CN¥1.02 Billion CNY (≈ $149.80 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¥1.21 Billion ≈ $177.25 Million USD) and total liabilities (CN¥187.60 Million ≈ $27.45 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. Also explore 600241 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.02 Billion |
| % of Total Assets | 84.51% |
| Annual Growth Rate | 8.91% |
| 5-Year Change | 17.45% |
| 10-Year Change | 55.47% |
| Growth Volatility | 41.09 |
Liaoning Shidai Wanheng Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Liaoning Shidai Wanheng Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Liaoning Shidai Wanheng Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Liaoning Shidai Wanheng Co Ltd (1997–2025)
The table below shows the annual net assets of Liaoning Shidai Wanheng Co Ltd from 1997 to 2025. For live valuation and market cap data, see Liaoning Shidai Wanheng Co Ltd (600241) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.04 Billion ≈ $151.52 Million |
-5.41% |
| 2024-12-31 | CN¥1.09 Billion ≈ $160.18 Million |
+1.74% |
| 2023-12-31 | CN¥1.08 Billion ≈ $157.44 Million |
+8.64% |
| 2022-12-31 | CN¥990.33 Million ≈ $144.92 Million |
+12.33% |
| 2021-12-31 | CN¥881.61 Million ≈ $129.01 Million |
+1.55% |
| 2020-12-31 | CN¥868.12 Million ≈ $127.03 Million |
+2.45% |
| 2019-12-31 | CN¥847.38 Million ≈ $124.00 Million |
-31.95% |
| 2018-12-31 | CN¥1.25 Billion ≈ $182.21 Million |
-15.92% |
| 2017-12-31 | CN¥1.48 Billion ≈ $216.70 Million |
+122.36% |
| 2016-12-31 | CN¥666.00 Million ≈ $97.46 Million |
-10.10% |
| 2015-12-31 | CN¥740.86 Million ≈ $108.41 Million |
+45.55% |
| 2014-12-31 | CN¥508.99 Million ≈ $74.48 Million |
-23.12% |
| 2013-12-31 | CN¥662.02 Million ≈ $96.87 Million |
+10.25% |
| 2012-12-31 | CN¥600.48 Million ≈ $87.87 Million |
+1.70% |
| 2011-12-31 | CN¥590.45 Million ≈ $86.40 Million |
+7.96% |
| 2010-12-31 | CN¥546.92 Million ≈ $80.03 Million |
+3.04% |
| 2009-12-31 | CN¥530.77 Million ≈ $77.67 Million |
-0.83% |
| 2008-12-31 | CN¥535.19 Million ≈ $78.32 Million |
-2.61% |
| 2007-12-31 | CN¥549.52 Million ≈ $80.41 Million |
+0.48% |
| 2006-12-31 | CN¥546.92 Million ≈ $80.03 Million |
+6.79% |
| 2005-12-31 | CN¥512.14 Million ≈ $74.94 Million |
+12.34% |
| 2004-12-31 | CN¥455.88 Million ≈ $66.71 Million |
+5.32% |
| 2003-12-31 | CN¥432.86 Million ≈ $63.34 Million |
+5.15% |
| 2002-12-31 | CN¥411.66 Million ≈ $60.24 Million |
+5.64% |
| 2001-12-31 | CN¥389.68 Million ≈ $57.02 Million |
+10.04% |
| 2000-12-31 | CN¥354.11 Million ≈ $51.82 Million |
+178.70% |
| 1999-12-31 | CN¥127.06 Million ≈ $18.59 Million |
+28.65% |
| 1998-12-31 | CN¥98.76 Million ≈ $14.45 Million |
+4.20% |
| 1997-12-31 | CN¥94.78 Million ≈ $13.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Liaoning Shidai Wanheng 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 48607647775.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.52 Billion | 146.97% |
| Total Equity | CN¥1.03 Billion | 100.00% |
Liaoning Shidai Wanheng Co Ltd Competitors by Market Cap
The table below lists competitors of Liaoning Shidai Wanheng Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Keyfield International Berhad
KLSE:5321
|
$293.79 Million |
|
Vimta Labs Limited
NSE:VIMTALABS
|
$293.90 Million |
|
Arvind SmartSpaces Limited
NSE:ARVSMART
|
$293.92 Million |
|
Beijing YJK Building Software Co.Ltd.
SHE:300935
|
$293.95 Million |
|
Dalian Friendship Group Co Ltd
SHE:000679
|
$293.62 Million |
|
S.P.I Landscape Design Co. Ltd.
SHE:300844
|
$293.53 Million |
|
Galata Wind Enerji Anonim Sirket
IS:GWIND
|
$293.42 Million |
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$293.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Liaoning Shidai Wanheng Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,166,751,035 to 1,034,933,979, a change of -131,817,056 (-11.3%).
- Net loss of 131,817,056 reduced equity.
- Other comprehensive income decreased equity by 116,842,921.
- Other factors increased equity by 116,842,922.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-131.82 Million | -12.74% |
| Other Comprehensive Income | CN¥-116.84 Million | -11.29% |
| Other Changes | CN¥116.84 Million | +11.29% |
| Total Change | CN¥- | -11.30% |
Book Value vs Market Value Analysis
This analysis compares Liaoning Shidai Wanheng 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: 1.94x
- 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 13.42x to 1.94x 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¥0.51 | CN¥6.82 | x |
| 1998-12-31 | CN¥0.53 | CN¥6.82 | x |
| 1999-12-31 | CN¥0.69 | CN¥6.82 | x |
| 2000-12-31 | CN¥1.97 | CN¥6.82 | x |
| 2001-12-31 | CN¥2.16 | CN¥6.82 | x |
| 2002-12-31 | CN¥2.29 | CN¥6.82 | x |
| 2003-12-31 | CN¥2.44 | CN¥6.82 | x |
| 2004-12-31 | CN¥2.55 | CN¥6.82 | x |
| 2005-12-31 | CN¥2.64 | CN¥6.82 | x |
| 2006-12-31 | CN¥2.68 | CN¥6.82 | x |
| 2007-12-31 | CN¥2.68 | CN¥6.82 | x |
| 2008-12-31 | CN¥2.60 | CN¥6.82 | x |
| 2009-12-31 | CN¥2.59 | CN¥6.82 | x |
| 2010-12-31 | CN¥2.61 | CN¥6.82 | x |
| 2011-12-31 | CN¥2.80 | CN¥6.82 | x |
| 2012-12-31 | CN¥2.87 | CN¥6.82 | x |
| 2013-12-31 | CN¥2.61 | CN¥6.82 | x |
| 2014-12-31 | CN¥1.95 | CN¥6.82 | x |
| 2015-12-31 | CN¥3.85 | CN¥6.82 | x |
| 2016-12-31 | CN¥2.78 | CN¥6.82 | x |
| 2017-12-31 | CN¥6.63 | CN¥6.82 | x |
| 2018-12-31 | CN¥4.25 | CN¥6.82 | x |
| 2019-12-31 | CN¥3.31 | CN¥6.82 | x |
| 2020-12-31 | CN¥3.55 | CN¥6.82 | x |
| 2021-12-31 | CN¥3.71 | CN¥6.82 | x |
| 2022-12-31 | CN¥3.56 | CN¥6.82 | x |
| 2023-12-31 | CN¥3.97 | CN¥6.82 | x |
| 2024-12-31 | CN¥4.21 | CN¥6.82 | x |
| 2025-12-31 | CN¥3.52 | CN¥6.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Liaoning Shidai Wanheng 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): -12.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.39%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.12x
- Recent ROE (-12.74%) is below the historical average (2.23%), 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 | 30.69% | 2.62% | 3.76x | 3.12x | CN¥18.55 Million |
| 1998 | 31.31% | 2.75% | 3.94x | 2.88x | CN¥19.93 Million |
| 1999 | 24.25% | 3.23% | 3.13x | 2.40x | CN¥17.34 Million |
| 2000 | 9.11% | 3.06% | 1.68x | 1.78x | CN¥-3.08 Million |
| 2001 | 8.33% | 2.33% | 2.20x | 1.62x | CN¥-6.36 Million |
| 2002 | 8.25% | 2.06% | 2.42x | 1.66x | CN¥-7.06 Million |
| 2003 | 6.15% | 1.71% | 2.24x | 1.60x | CN¥-16.56 Million |
| 2004 | 5.64% | 1.59% | 2.22x | 1.60x | CN¥-19.65 Million |
| 2005 | 3.98% | 1.06% | 2.11x | 1.78x | CN¥-28.05 Million |
| 2006 | 3.12% | 0.78% | 2.03x | 1.97x | CN¥-32.52 Million |
| 2007 | 2.64% | 0.63% | 1.98x | 2.10x | CN¥-35.55 Million |
| 2008 | -1.59% | -0.48% | 1.05x | 3.13x | CN¥-55.15 Million |
| 2009 | 2.82% | 0.84% | 1.04x | 3.24x | CN¥-34.84 Million |
| 2010 | 2.25% | 0.53% | 1.58x | 2.71x | CN¥-38.01 Million |
| 2011 | 2.86% | 0.87% | 1.09x | 3.00x | CN¥-36.02 Million |
| 2012 | 2.68% | 0.84% | 1.23x | 2.59x | CN¥-37.84 Million |
| 2013 | 3.06% | 0.87% | 0.91x | 3.86x | CN¥-31.32 Million |
| 2014 | -24.61% | -6.38% | 0.66x | 5.81x | CN¥-122.32 Million |
| 2015 | 2.34% | 1.14% | 0.68x | 3.02x | CN¥-54.61 Million |
| 2016 | -12.57% | -5.04% | 0.70x | 3.55x | CN¥-141.17 Million |
| 2017 | 1.36% | 1.30% | 0.53x | 1.98x | CN¥-124.20 Million |
| 2018 | -13.89% | -21.46% | 0.44x | 1.48x | CN¥-300.65 Million |
| 2019 | -28.37% | -63.32% | 0.33x | 1.35x | CN¥-376.11 Million |
| 2020 | -2.82% | -5.45% | 0.42x | 1.25x | CN¥-127.86 Million |
| 2021 | -1.35% | -1.71% | 0.57x | 1.38x | CN¥-112.78 Million |
| 2022 | 4.78% | 5.47% | 0.64x | 1.36x | CN¥-55.98 Million |
| 2023 | 5.28% | 9.27% | 0.52x | 1.09x | CN¥-54.11 Million |
| 2024 | 1.66% | 4.84% | 0.32x | 1.06x | CN¥-97.29 Million |
| 2025 | -12.74% | -34.39% | 0.33x | 1.12x | CN¥-235.31 Million |
Industry Comparison
This section compares Liaoning Shidai Wanheng Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,177,830,942
- Average return on equity (ROE) among peers: -3.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Liaoning Shidai Wanheng Co Ltd (600241) | CN¥1.02 Billion | 30.69% | 0.18x | $293.71 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.20 Billion | 21.36% | 0.50x | $1.85 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $70.14 Million | 21.92% | 1.16x | $858.35 Million |
| Fujian SBS Zipper Science Tech (002098) | $670.15 Million | 9.66% | 1.01x | $345.23 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.64 Billion | 18.13% | 0.81x | $837.10 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $711.66 Million | -56.43% | 6.17x | $514.72 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $2.09 Billion | 7.70% | 0.61x | $476.15 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 3.56% | 0.39x | $417.92 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.41 Billion | 6.72% | 0.52x | $244.04 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $10.89 Billion | 5.85% | 0.68x | $2.45 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $93.38 Million | -71.75% | 1.53x | $270.58 Million |
About Liaoning Shidai Wanheng Co Ltd
Liaoning Shidai Wanheng Co.,Ltd., together with its subsidiaries, is involved in the research, development, production, and sale of energy batteries. It offers lithium-ion batteries used in electric tools; and nickel-metal hydride batteries used in personal care, consumer goods, electric tools, and other fields. The company is also involved in property leasing business; investment and operation o… Read more