Lao Feng Xiang Co Ltd A

SHG:600612 China Luxury Goods
Market Cap
$1.83 Billion
CN¥13.42 Billion CNY
Market Cap Rank
#5408 Global
#701 in China
Share Price
CN¥42.33
Change (1 day)
-0.47%
52-Week Range
CN¥41.97 - CN¥56.00
All Time High
CN¥86.19
Categories
Companies in China Luxury Goods
About

Lao Feng Xiang Co., Ltd. operates in the jewelry industry in the People's Republic of China and internationally. The company researches, designs, produces, and sells gold, silver, platinum, diamonds, white jade, jadeite, pearls, gold inlays, colored gemstones, enamel, K gold jewelry glass, corals, watches, amber, brooches, arts and crafts souvenirs. The company was formerly known as China First P… Read more

Lao Feng Xiang Co Ltd A (600612) - Net Assets

Latest net assets as of September 2025: CN¥15.12 Billion CNY

Based on the latest financial reports, Lao Feng Xiang Co Ltd A (600612) has net assets worth CN¥15.12 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¥24.89 Billion) and total liabilities (CN¥9.77 Billion). 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¥15.12 Billion
% of Total Assets 60.75%
Annual Growth Rate 15.14%
5-Year Change 56.67%
10-Year Change 171.8%
Growth Volatility 17.02

Lao Feng Xiang Co Ltd A - Net Assets Trend (1992–2024)

This chart illustrates how Lao Feng Xiang Co Ltd A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Lao Feng Xiang Co Ltd A (1992–2024)

The table below shows the annual net assets of Lao Feng Xiang Co Ltd A from 1992 to 2024.

Year Net Assets Change
2024-12-31 CN¥14.75 Billion +7.39%
2023-12-31 CN¥13.74 Billion +14.64%
2022-12-31 CN¥11.98 Billion +10.34%
2021-12-31 CN¥10.86 Billion +15.34%
2020-12-31 CN¥9.41 Billion +12.87%
2019-12-31 CN¥8.34 Billion +12.95%
2018-12-31 CN¥7.38 Billion +9.99%
2017-12-31 CN¥6.71 Billion +11.45%
2016-12-31 CN¥6.02 Billion +11.01%
2015-12-31 CN¥5.43 Billion +17.22%
2014-12-31 CN¥4.63 Billion +19.67%
2013-12-31 CN¥3.87 Billion +21.76%
2012-12-31 CN¥3.18 Billion +26.88%
2011-12-31 CN¥2.50 Billion +32.73%
2010-12-31 CN¥1.89 Billion +40.60%
2009-12-31 CN¥1.34 Billion +30.01%
2008-12-31 CN¥1.03 Billion -18.73%
2007-12-31 CN¥1.27 Billion +66.96%
2006-12-31 CN¥760.56 Million +18.07%
2005-12-31 CN¥644.16 Million +7.48%
2004-12-31 CN¥599.35 Million +6.49%
2003-12-31 CN¥562.82 Million +2.98%
2002-12-31 CN¥546.55 Million +3.68%
2001-12-31 CN¥527.17 Million -4.82%
2000-12-31 CN¥553.86 Million +2.93%
1999-12-31 CN¥538.09 Million +6.35%
1998-12-31 CN¥505.97 Million +9.45%
1997-12-31 CN¥462.30 Million +42.54%
1996-12-31 CN¥324.34 Million +11.16%
1995-12-31 CN¥291.76 Million -0.94%
1994-12-31 CN¥294.53 Million +58.07%
1993-12-31 CN¥186.33 Million +14.98%
1992-12-31 CN¥162.06 Million --

Equity Component Analysis

This analysis shows how different components contribute to Lao Feng Xiang Co Ltd A'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 107838.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.18 Billion 89.48%
Common Stock CN¥523.12 Million 4.19%
Other Comprehensive Income CN¥368.69 Million 2.95%
Other Components CN¥423.30 Million 3.39%
Total Equity CN¥12.50 Billion 100.00%

Lao Feng Xiang Co Ltd A Competitors by Market Cap

The table below lists competitors of Lao Feng Xiang Co Ltd A ranked by their market capitalization.

Company Market Cap
UNIQA Insurance Group AG
VI:UQA
 		$1.71 Billion
Xometry Inc
NASDAQ:XMTR
 		$1.71 Billion
Kemper Corporation
NYSE:KMPR
 		$1.71 Billion
Xi An Triangle Defens Co Ltd
SHE:300775
 		$1.71 Billion
DXP Enterprises Inc
NASDAQ:DXPE
 		$1.71 Billion
Hpsp Co Ltd
KQ:403870
 		$1.71 Billion
JTC PLC
PINK:JTCPF
 		$1.71 Billion
Eastern Air Logistics Co Ltd
SHG:601156
 		$1.71 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lao Feng Xiang Co Ltd A's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,573,982,195 to 12,498,088,299, a change of 924,106,104 (8.0%).
  • Net income of 1,949,801,695 contributed positively to equity growth.
  • Dividend payments of 1,020,079,639 reduced retained earnings.
  • Other comprehensive income increased equity by 368,692,365.
  • Other factors decreased equity by 374,308,317.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.95 Billion +15.6%
Dividends Paid CN¥1.02 Billion -8.16%
Other Comprehensive Income CN¥368.69 Million +2.95%
Other Changes CN¥-374.31 Million -2.99%
Total Change CN¥- 7.98%

Book Value vs Market Value Analysis

This analysis compares Lao Feng Xiang Co Ltd A'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: 1.77x
  • 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 101.21x to 1.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-12-31 CN¥0.42 CN¥42.33 x
1993-12-31 CN¥0.48 CN¥42.33 x
1994-12-31 CN¥0.75 CN¥42.33 x
1995-12-31 CN¥0.74 CN¥42.33 x
1996-12-31 CN¥0.81 CN¥42.33 x
1997-12-31 CN¥1.14 CN¥42.33 x
1998-12-31 CN¥1.26 CN¥42.33 x
1999-12-31 CN¥1.16 CN¥42.33 x
2000-12-31 CN¥1.19 CN¥42.33 x
2001-12-31 CN¥1.13 CN¥42.33 x
2002-12-31 CN¥1.14 CN¥42.33 x
2003-12-31 CN¥1.17 CN¥42.33 x
2004-12-31 CN¥1.22 CN¥42.33 x
2005-12-31 CN¥1.31 CN¥42.33 x
2006-12-31 CN¥1.47 CN¥42.33 x
2007-12-31 CN¥2.39 CN¥42.33 x
2008-12-31 CN¥1.75 CN¥42.33 x
2009-12-31 CN¥2.07 CN¥42.33 x
2010-12-31 CN¥4.40 CN¥42.33 x
2011-12-31 CN¥4.97 CN¥42.33 x
2012-12-31 CN¥5.28 CN¥42.33 x
2013-12-31 CN¥6.37 CN¥42.33 x
2014-12-31 CN¥7.54 CN¥42.33 x
2015-12-31 CN¥8.68 CN¥42.33 x
2016-12-31 CN¥9.68 CN¥42.33 x
2017-12-31 CN¥10.72 CN¥42.33 x
2018-12-31 CN¥11.84 CN¥42.33 x
2019-12-31 CN¥13.42 CN¥42.33 x
2020-12-31 CN¥15.23 CN¥42.33 x
2021-12-31 CN¥17.57 CN¥42.33 x
2022-12-31 CN¥19.36 CN¥42.33 x
2023-12-31 CN¥22.13 CN¥42.33 x
2024-12-31 CN¥23.89 CN¥42.33 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lao Feng Xiang Co Ltd A 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): 15.60%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.43%
  • • Asset Turnover: 2.50x
  • • Equity Multiplier: 1.82x
  • Recent ROE (15.60%) is above the historical average (14.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 6.39% 16.38% 0.30x 1.31x CN¥-5.85 Million
1993 15.35% 24.08% 0.44x 1.46x CN¥9.92 Million
1994 13.22% 27.22% 0.32x 1.51x CN¥9.40 Million
1995 16.75% 24.43% 0.39x 1.74x CN¥19.35 Million
1996 18.26% 23.68% 0.46x 1.68x CN¥25.90 Million
1997 10.06% 18.89% 0.34x 1.55x CN¥245.12K
1998 5.63% 10.32% 0.32x 1.69x CN¥-21.31 Million
1999 3.06% 1.53% 0.62x 3.23x CN¥-31.20 Million
2000 2.00% 0.92% 0.69x 3.14x CN¥-36.95 Million
2001 0.18% 0.09% 0.66x 3.13x CN¥-43.16 Million
2002 0.71% 0.31% 0.75x 3.10x CN¥-41.11 Million
2003 1.44% 0.35% 1.29x 3.20x CN¥-38.68 Million
2004 2.80% 0.60% 1.51x 3.08x CN¥-34.17 Million
2005 6.59% 1.16% 1.80x 3.16x CN¥-17.31 Million
2006 14.89% 2.06% 2.31x 3.13x CN¥27.82 Million
2007 10.02% 1.61% 2.32x 2.68x CN¥160.14K
2008 9.29% 0.76% 3.11x 3.92x CN¥-5.36 Million
2009 17.64% 1.58% 3.01x 3.72x CN¥74.94 Million
2010 17.25% 2.00% 2.61x 3.31x CN¥119.99 Million
2011 24.11% 2.49% 2.88x 3.36x CN¥306.09 Million
2012 22.14% 2.39% 2.88x 3.22x CN¥335.16 Million
2013 26.70% 2.70% 3.53x 2.80x CN¥556.55 Million
2014 23.82% 2.86% 2.84x 2.93x CN¥545.30 Million
2015 24.60% 3.13% 3.09x 2.54x CN¥663.11 Million
2016 20.89% 3.02% 2.49x 2.78x CN¥551.34 Million
2017 20.26% 2.85% 2.97x 2.39x CN¥575.45 Million
2018 19.46% 2.75% 2.83x 2.50x CN¥585.40 Million
2019 20.06% 2.84% 2.89x 2.45x CN¥706.01 Million
2020 19.91% 3.07% 2.64x 2.46x CN¥789.53 Million
2021 20.41% 3.20% 2.63x 2.42x CN¥957.19 Million
2022 16.79% 2.70% 2.42x 2.57x CN¥687.54 Million
2023 19.13% 3.10% 2.94x 2.10x CN¥1.06 Billion
2024 15.60% 3.43% 2.50x 1.82x CN¥699.99 Million

Industry Comparison

This section compares Lao Feng Xiang Co Ltd A's net assets metrics with peer companies in the Luxury Goods industry.

Industry Context

  • Industry: Luxury Goods
  • Average net assets among peers: $1,679,638,065
  • Average return on equity (ROE) among peers: 13.86%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Lao Feng Xiang Co Ltd A (600612) CN¥15.12 Billion 6.39% 0.65x $1.71 Billion
Innovative Medical Management Co Ltd (002173) $134.18 Million 19.54% 1.80x $1.16 Billion
Guangdong CHJ Industry Co Ltd (002345) $2.57 Billion 9.94% 0.70x $752.53 Million
Zhejiang Ming Jewelry Co Ltd (002574) $3.13 Billion 0.58% 1.25x $194.85 Million
Beijing Kingee Culture Development Co Ltd (002721) $2.05 Billion 32.41% 0.07x $615.93 Million
Shenyang Cuihua Gold and Silver Jewelry Co Ltd (002731) $1.23 Billion 2.34% 1.89x $148.12 Million
Chow Tai Seng Jewellery Co Ltd (002867) $1.15 Billion 21.28% 0.65x $625.45 Million
Shenzhen Tellus Holding Co Ltd (200025) $1.90 Billion 7.20% 0.37x $117.48 Million
Fiyta Holdings Ltd (200026) $3.14 Billion 8.50% 0.31x $210.32 Million
MCLON JEWELLERY Co.Ltd. (300945) $538.90 Million 11.81% 0.15x $303.73 Million
Henan Liliang Diamond Co. Ltd. (301071) $958.32 Million 25.00% 0.49x $761.89 Million