Liaoning Shidai Wanheng Co Ltd (600241) - Net Assets

Latest as of March 2026: CN¥1.02 Billion CNY ≈ $149.80 Million USD

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. Check Liaoning Shidai Wanheng Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity 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. See defensive interval ratio of Liaoning Shidai Wanheng Co Ltd to measure how many days the company can operate on defensive assets alone.

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 market value of Liaoning Shidai Wanheng Co Ltd.

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	--

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
Everyday Network SHE:300295	$313.53 Million
JSL S.A SA:JSLG3	$313.57 Million
Haymaker Acquisition Corp. 4 NYSE:HYAC	$313.64 Million
K&F Growth Acquisition Corp. II Class A Ordinary shares NASDAQ:KFII	$313.64 Million
BH Co Ltd KQ:090460	$313.51 Million
Mesabi Trust NYSE:MSB	$313.44 Million
Tjk Machinery Tianjin Co Ltd SHE:300823	$313.38 Million
Qingyan Environmental Technology Co. Ltd. SHE:301288	$313.26 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: 2.07x
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 14.33x to 2.07x 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¥7.28	x
1998-12-31	CN¥0.53	CN¥7.28	x
1999-12-31	CN¥0.69	CN¥7.28	x
2000-12-31	CN¥1.97	CN¥7.28	x
2001-12-31	CN¥2.16	CN¥7.28	x
2002-12-31	CN¥2.29	CN¥7.28	x
2003-12-31	CN¥2.44	CN¥7.28	x
2004-12-31	CN¥2.55	CN¥7.28	x
2005-12-31	CN¥2.64	CN¥7.28	x
2006-12-31	CN¥2.68	CN¥7.28	x
2007-12-31	CN¥2.68	CN¥7.28	x
2008-12-31	CN¥2.60	CN¥7.28	x
2009-12-31	CN¥2.59	CN¥7.28	x
2010-12-31	CN¥2.61	CN¥7.28	x
2011-12-31	CN¥2.80	CN¥7.28	x
2012-12-31	CN¥2.87	CN¥7.28	x
2013-12-31	CN¥2.61	CN¥7.28	x
2014-12-31	CN¥1.95	CN¥7.28	x
2015-12-31	CN¥3.85	CN¥7.28	x
2016-12-31	CN¥2.78	CN¥7.28	x
2017-12-31	CN¥6.63	CN¥7.28	x
2018-12-31	CN¥4.25	CN¥7.28	x
2019-12-31	CN¥3.31	CN¥7.28	x
2020-12-31	CN¥3.55	CN¥7.28	x
2021-12-31	CN¥3.71	CN¥7.28	x
2022-12-31	CN¥3.56	CN¥7.28	x
2023-12-31	CN¥3.97	CN¥7.28	x
2024-12-31	CN¥4.21	CN¥7.28	x
2025-12-31	CN¥3.52	CN¥7.28	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: $3,040,669,295
Average return on equity (ROE) among peers: 0.79%

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	$313.52 Million
Zhejiang Weixing Industrial Development Co Ltd (002003)	$2.46 Billion	12.60%	0.29x	$1.52 Billion
Fujian Septwolves Industry Co Ltd (002029)	$6.28 Billion	2.40%	0.76x	$855.26 Million
Fujian SBS Zipper Science Tech (002098)	$1.04 Billion	6.91%	0.42x	$368.28 Million
Zhejiang Baoxiniao Garment Co Ltd (002154)	$4.47 Billion	15.61%	0.58x	$845.64 Million
Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269)	$3.33 Billion	22.75%	1.58x	$536.78 Million
Zhejiang Jiaxin Silk Corp Ltd (002404)	$1.39 Billion	8.02%	0.80x	$509.75 Million
Cedar Development Co Ltd (002485)	$1.97 Billion	1.15%	0.40x	$377.32 Million
Huasi Agricultural Development Co Ltd (002494)	$1.41 Billion	6.72%	0.52x	$271.65 Million
Zhejiang Semir Garment Co Ltd (002563)	$7.85 Billion	9.69%	0.18x	$2.11 Billion
Zhejiang Busen Garments Co Ltd (002569)	$196.75 Million	-77.99%	0.99x	$341.60 Million

About Liaoning Shidai Wanheng Co Ltd

SHG:600241 China Apparel Manufacturing

Market Cap

$313.52 Million

CN¥2.14 Billion CNY

Market Cap Rank

#14719 Global

#4414 in China

Share Price

CN¥7.28

Change (1 day)

+1.53%

52-Week Range

CN¥7.17 - CN¥10.65

All Time High

CN¥22.23