HLA GROUP CORP LTD (600398) - Net Assets
Based on the latest financial reports, HLA GROUP CORP LTD (600398) has net assets worth CN¥19.47 Billion CNY (≈ $2.85 Billion 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¥33.49 Billion ≈ $4.90 Billion USD) and total liabilities (CN¥14.02 Billion ≈ $2.05 Billion 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 600398 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¥19.47 Billion |
| % of Total Assets | 58.14% |
| Annual Growth Rate | 29.41% |
| 5-Year Change | 23.02% |
| 10-Year Change | 83.62% |
| Growth Volatility | 137.33 |
HLA GROUP CORP LTD - Net Assets Trend (1997–2025)
This chart illustrates how HLA GROUP CORP LTD's net assets have evolved over time, based on quarterly financial data. See HLA GROUP CORP LTD defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for HLA GROUP CORP LTD (1997–2025)
The table below shows the annual net assets of HLA GROUP CORP LTD from 1997 to 2025. For live valuation and market cap data, see HLA GROUP CORP LTD (600398) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥18.56 Billion ≈ $2.72 Billion |
+7.38% |
| 2024-12-31 | CN¥17.29 Billion ≈ $2.53 Billion |
+7.79% |
| 2023-12-31 | CN¥16.04 Billion ≈ $2.35 Billion |
+10.44% |
| 2022-12-31 | CN¥14.52 Billion ≈ $2.13 Billion |
-3.76% |
| 2021-12-31 | CN¥15.09 Billion ≈ $2.21 Billion |
+8.60% |
| 2020-12-31 | CN¥13.89 Billion ≈ $2.03 Billion |
+0.23% |
| 2019-12-31 | CN¥13.86 Billion ≈ $2.03 Billion |
+5.85% |
| 2018-12-31 | CN¥13.09 Billion ≈ $1.92 Billion |
+17.16% |
| 2017-12-31 | CN¥11.18 Billion ≈ $1.64 Billion |
+10.57% |
| 2016-12-31 | CN¥10.11 Billion ≈ $1.48 Billion |
+21.01% |
| 2015-12-31 | CN¥8.35 Billion ≈ $1.22 Billion |
+17.58% |
| 2014-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+220.47% |
| 2013-12-31 | CN¥2.22 Billion ≈ $324.40 Million |
+5.44% |
| 2012-12-31 | CN¥2.10 Billion ≈ $307.67 Million |
+3.70% |
| 2011-12-31 | CN¥2.03 Billion ≈ $296.69 Million |
+2.11% |
| 2010-12-31 | CN¥1.99 Billion ≈ $290.57 Million |
+3.39% |
| 2009-12-31 | CN¥1.92 Billion ≈ $281.03 Million |
+2.29% |
| 2008-12-31 | CN¥1.88 Billion ≈ $274.75 Million |
+5.14% |
| 2007-12-31 | CN¥1.79 Billion ≈ $261.32 Million |
+48.38% |
| 2006-12-31 | CN¥1.20 Billion ≈ $176.11 Million |
+7.77% |
| 2005-12-31 | CN¥1.12 Billion ≈ $163.41 Million |
+8.37% |
| 2004-12-31 | CN¥1.03 Billion ≈ $150.79 Million |
+32.52% |
| 2003-12-31 | CN¥777.58 Million ≈ $113.78 Million |
+13.24% |
| 2002-12-31 | CN¥686.64 Million ≈ $100.48 Million |
+14.50% |
| 2001-12-31 | CN¥599.67 Million ≈ $87.75 Million |
+13.13% |
| 2000-12-31 | CN¥530.06 Million ≈ $77.56 Million |
+589.54% |
| 1999-12-31 | CN¥76.87 Million ≈ $11.25 Million |
+458.34% |
| 1998-12-31 | CN¥13.77 Million ≈ $2.01 Million |
+1.28% |
| 1997-12-31 | CN¥13.59 Million ≈ $1.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HLA GROUP CORP 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 2131002.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.76 Billion | 58.73% |
| Common Stock | CN¥1.48 Billion | 8.07% |
| Other Comprehensive Income | CN¥2.24 Billion | 12.24% |
| Other Components | CN¥3.84 Billion | 20.97% |
| Total Equity | CN¥18.32 Billion | 100.00% |
HLA GROUP CORP LTD Competitors by Market Cap
The table below lists competitors of HLA GROUP CORP LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caesars Entertainment Corporation
NASDAQ:CZR
|
$3.95 Billion |
|
Cosan SA ADR
NYSE:CSAN
|
$3.96 Billion |
|
North Copper Shanxi Co Ltd
SHE:000737
|
$3.96 Billion |
|
Xi an Bright Laser Tech Co Ltd
SHG:688333
|
$3.96 Billion |
|
Container Corporation of India Limited
NSE:CONCOR
|
$3.95 Billion |
|
Trex Company Inc
NYSE:TREX
|
$3.95 Billion |
|
Allete Inc
NYSE:ALE
|
$3.94 Billion |
|
Ming Yang Smart Energy Group Ltd
SHG:601615
|
$3.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HLA GROUP CORP LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 17,011,255,052 to 18,322,415,644, a change of 1,311,160,592 (7.7%).
- Net income of 2,165,991,000 contributed positively to equity growth.
- Dividend payments of 864,498,653 reduced retained earnings.
- Other comprehensive income increased equity by 9,918,303.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.17 Billion | +11.82% |
| Dividends Paid | CN¥864.50 Million | -4.72% |
| Other Comprehensive Income | CN¥9.92 Million | +0.05% |
| Other Changes | CN¥-250.06K | -0.0% |
| Total Change | CN¥- | 7.71% |
Book Value vs Market Value Analysis
This analysis compares HLA GROUP CORP 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: 1.48x
- 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 269.51x to 1.48x 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¥0.02 | CN¥5.62 | x |
| 1998-12-31 | CN¥0.02 | CN¥5.62 | x |
| 1999-12-31 | CN¥0.12 | CN¥5.62 | x |
| 2000-12-31 | CN¥0.81 | CN¥5.62 | x |
| 2001-12-31 | CN¥0.92 | CN¥5.62 | x |
| 2002-12-31 | CN¥1.42 | CN¥5.62 | x |
| 2003-12-31 | CN¥1.60 | CN¥5.62 | x |
| 2004-12-31 | CN¥2.07 | CN¥5.62 | x |
| 2005-12-31 | CN¥2.24 | CN¥5.62 | x |
| 2006-12-31 | CN¥2.47 | CN¥5.62 | x |
| 2007-12-31 | CN¥2.72 | CN¥5.62 | x |
| 2008-12-31 | CN¥2.92 | CN¥5.62 | x |
| 2009-12-31 | CN¥2.84 | CN¥5.62 | x |
| 2010-12-31 | CN¥2.93 | CN¥5.62 | x |
| 2011-12-31 | CN¥3.07 | CN¥5.62 | x |
| 2012-12-31 | CN¥3.14 | CN¥5.62 | x |
| 2013-12-31 | CN¥3.35 | CN¥5.62 | x |
| 2014-12-31 | CN¥1.60 | CN¥5.62 | x |
| 2015-12-31 | CN¥1.85 | CN¥5.62 | x |
| 2016-12-31 | CN¥2.25 | CN¥5.62 | x |
| 2017-12-31 | CN¥2.45 | CN¥5.62 | x |
| 2018-12-31 | CN¥2.85 | CN¥5.62 | x |
| 2019-12-31 | CN¥3.01 | CN¥5.62 | x |
| 2020-12-31 | CN¥3.15 | CN¥5.62 | x |
| 2021-12-31 | CN¥3.31 | CN¥5.62 | x |
| 2022-12-31 | CN¥3.25 | CN¥5.62 | x |
| 2023-12-31 | CN¥3.48 | CN¥5.62 | x |
| 2024-12-31 | CN¥3.63 | CN¥5.62 | x |
| 2025-12-31 | CN¥3.81 | CN¥5.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HLA GROUP CORP 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): 11.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.02%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.87x
- Recent ROE (11.82%) is below the historical average (16.79%), 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 | 4.37% | 8.98% | 0.45x | 1.08x | CN¥-765.39K |
| 1998 | 15.49% | 12.60% | 0.60x | 2.05x | CN¥755.51K |
| 1999 | 34.06% | 19.53% | 0.76x | 2.31x | CN¥18.50 Million |
| 2000 | 6.39% | 12.96% | 0.33x | 1.48x | CN¥-19.05 Million |
| 2001 | 11.51% | 16.31% | 0.43x | 1.62x | CN¥9.00 Million |
| 2002 | 12.56% | 14.71% | 0.57x | 1.49x | CN¥17.49 Million |
| 2003 | 11.34% | 14.26% | 0.49x | 1.63x | CN¥10.31 Million |
| 2004 | 10.43% | 12.55% | 0.51x | 1.62x | CN¥4.28 Million |
| 2005 | 9.78% | 10.84% | 0.54x | 1.68x | CN¥-2.36 Million |
| 2006 | 8.51% | 8.43% | 0.48x | 2.09x | CN¥-17.20 Million |
| 2007 | 8.44% | 11.13% | 0.55x | 1.39x | CN¥-27.07 Million |
| 2008 | 4.80% | 8.56% | 0.44x | 1.26x | CN¥-94.95 Million |
| 2009 | 4.23% | 7.79% | 0.45x | 1.20x | CN¥-108.00 Million |
| 2010 | 4.44% | 7.51% | 0.48x | 1.24x | CN¥-107.72 Million |
| 2011 | 5.21% | 7.38% | 0.53x | 1.34x | CN¥-94.69 Million |
| 2012 | 5.10% | 7.64% | 0.46x | 1.44x | CN¥-100.39 Million |
| 2013 | 62.57% | 18.89% | 2.16x | 1.54x | CN¥1.13 Billion |
| 2014 | 33.73% | 19.25% | 0.67x | 2.63x | CN¥1.67 Billion |
| 2015 | 35.63% | 18.66% | 0.68x | 2.83x | CN¥2.12 Billion |
| 2016 | 31.09% | 18.37% | 0.70x | 2.43x | CN¥2.12 Billion |
| 2017 | 29.78% | 18.29% | 0.73x | 2.25x | CN¥2.21 Billion |
| 2018 | 26.66% | 18.10% | 0.65x | 2.28x | CN¥2.16 Billion |
| 2019 | 23.60% | 14.61% | 0.76x | 2.13x | CN¥1.85 Billion |
| 2020 | 13.02% | 9.94% | 0.65x | 2.02x | CN¥414.43 Million |
| 2021 | 16.62% | 12.34% | 0.64x | 2.10x | CN¥992.58 Million |
| 2022 | 14.76% | 11.61% | 0.57x | 2.24x | CN¥695.15 Million |
| 2023 | 18.39% | 13.71% | 0.64x | 2.10x | CN¥1.35 Billion |
| 2024 | 12.69% | 10.30% | 0.63x | 1.97x | CN¥457.48 Million |
| 2025 | 11.82% | 10.02% | 0.63x | 1.87x | CN¥333.75 Million |
Industry Comparison
This section compares HLA GROUP CORP LTD's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $3,026,016,081
- Average return on equity (ROE) among peers: -1.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HLA GROUP CORP LTD (600398) | CN¥19.47 Billion | 4.37% | 0.72x | $3.95 Billion |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $272.84 Million | 13.00% | 0.89x | $1.51 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $6.13 Billion | 3.77% | 0.70x | $859.38 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.50 Billion | 13.73% | 0.51x | $365.13 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $3.32 Billion | 11.03% | 0.46x | $824.29 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $1.18 Billion | -72.81% | 3.49x | $525.75 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.92 Billion | 10.16% | 0.58x | $500.73 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 3.56% | 0.39x | $414.74 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.92 Billion | -3.93% | 0.39x | $269.44 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $11.50 Billion | 7.01% | 0.49x | $2.11 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $518.73 Million | 2.22% | 0.32x | $318.63 Million |
About HLA GROUP CORP LTD
Hla Group Corp., Ltd. manufactures and sells menswear, womenswear, kids, professional, and home furnishing products in China and internationally. The company offers T-shirts, trousers, shirts, coats, windbreakers, shoes, suits, jackets, down jackets, sweaters, knitwear, home furnishings, accessories, luggage, glasses, vests, skirts, sleeping bag, baby carriage, crib, and other products under the … Read more