Zhejiang Hangmin Co Ltd (600987) - Net Assets
Based on the latest financial reports, Zhejiang Hangmin Co Ltd (600987) has net assets worth CN¥7.60 Billion CNY (≈ $1.11 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¥11.41 Billion ≈ $1.67 Billion USD) and total liabilities (CN¥3.81 Billion ≈ $557.25 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 Zhejiang Hangmin Co Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.60 Billion |
| % of Total Assets | 66.63% |
| Annual Growth Rate | 13.89% |
| 5-Year Change | 23.27% |
| 10-Year Change | 112.7% |
| Growth Volatility | 24.71 |
Zhejiang Hangmin Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Zhejiang Hangmin Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600987 stock market capitalisation.
Annual Net Assets for Zhejiang Hangmin Co Ltd (2001–2025)
The table below shows the annual net assets of Zhejiang Hangmin Co Ltd from 2001 to 2025. Also explore 600987 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.49 Billion ≈ $1.10 Billion |
+5.68% |
| 2024-12-31 | CN¥7.09 Billion ≈ $1.04 Billion |
+3.53% |
| 2023-12-31 | CN¥6.85 Billion ≈ $1.00 Billion |
+5.93% |
| 2022-12-31 | CN¥6.46 Billion ≈ $945.60 Million |
+6.36% |
| 2021-12-31 | CN¥6.08 Billion ≈ $889.06 Million |
+5.29% |
| 2020-12-31 | CN¥5.77 Billion ≈ $844.42 Million |
+7.22% |
| 2019-12-31 | CN¥5.38 Billion ≈ $787.56 Million |
+12.30% |
| 2018-12-31 | CN¥4.79 Billion ≈ $701.32 Million |
+20.46% |
| 2017-12-31 | CN¥3.98 Billion ≈ $582.20 Million |
+12.99% |
| 2016-12-31 | CN¥3.52 Billion ≈ $515.26 Million |
+13.60% |
| 2015-12-31 | CN¥3.10 Billion ≈ $453.55 Million |
+14.26% |
| 2014-12-31 | CN¥2.71 Billion ≈ $396.96 Million |
+15.27% |
| 2013-12-31 | CN¥2.35 Billion ≈ $344.39 Million |
+16.17% |
| 2012-12-31 | CN¥2.03 Billion ≈ $296.46 Million |
+11.28% |
| 2011-12-31 | CN¥1.82 Billion ≈ $266.41 Million |
+12.03% |
| 2010-12-31 | CN¥1.63 Billion ≈ $237.81 Million |
+11.62% |
| 2009-12-31 | CN¥1.46 Billion ≈ $213.05 Million |
+8.74% |
| 2008-12-31 | CN¥1.34 Billion ≈ $195.94 Million |
+7.11% |
| 2007-12-31 | CN¥1.25 Billion ≈ $182.92 Million |
+7.04% |
| 2006-12-31 | CN¥1.17 Billion ≈ $170.90 Million |
+8.36% |
| 2005-12-31 | CN¥1.08 Billion ≈ $157.72 Million |
+0.50% |
| 2004-12-31 | CN¥1.07 Billion ≈ $156.93 Million |
+131.48% |
| 2003-12-31 | CN¥463.29 Million ≈ $67.79 Million |
+23.33% |
| 2002-12-31 | CN¥375.65 Million ≈ $54.97 Million |
+13.70% |
| 2001-12-31 | CN¥330.38 Million ≈ $48.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Hangmin 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 9890.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.24 Billion | 78.19% |
| Other Components | CN¥1.46 Billion | 21.81% |
| Total Equity | CN¥6.70 Billion | 100.00% |
Zhejiang Hangmin Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Hangmin Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HMC Capital Ltd
AU:HMC
|
$951.76 Million |
|
LianChuang Electronic Technology Co Ltd
SHE:002036
|
$951.77 Million |
|
Shandong Intco Recycling Resources Co Ltd
SHG:688087
|
$952.41 Million |
|
Berliner Effektengesellschaft AG
F:BFV
|
$952.43 Million |
|
Uniphar Group PLC
IR:UPR
|
$951.34 Million |
|
Suven Life Sciences Limited
NSE:SUVEN
|
$951.01 Million |
|
CTT Correios de Portugal SA
LS:CTT
|
$950.92 Million |
|
Carlsberg Brewery Malaysia Bhd
KLSE:2836
|
$950.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Hangmin Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,371,135,448 to 6,697,648,961, a change of 326,513,513 (5.1%).
- Net income of 734,821,466 contributed positively to equity growth.
- Dividend payments of 407,702,208 reduced retained earnings.
- Other comprehensive income decreased equity by 390,082,362.
- Other factors increased equity by 389,476,617.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥734.82 Million | +10.97% |
| Dividends Paid | CN¥407.70 Million | -6.09% |
| Other Comprehensive Income | CN¥-390.08 Million | -5.82% |
| Other Changes | CN¥389.48 Million | +5.82% |
| Total Change | CN¥- | 5.12% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Hangmin 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: 0.97x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 17.61x to 0.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.36 | CN¥6.37 | x |
| 2002-12-31 | CN¥0.41 | CN¥6.37 | x |
| 2003-12-31 | CN¥0.51 | CN¥6.37 | x |
| 2004-12-31 | CN¥1.31 | CN¥6.37 | x |
| 2005-12-31 | CN¥1.32 | CN¥6.37 | x |
| 2006-12-31 | CN¥1.37 | CN¥6.37 | x |
| 2007-12-31 | CN¥1.45 | CN¥6.37 | x |
| 2008-12-31 | CN¥1.54 | CN¥6.37 | x |
| 2009-12-31 | CN¥1.64 | CN¥6.37 | x |
| 2010-12-31 | CN¥1.86 | CN¥6.37 | x |
| 2011-12-31 | CN¥2.07 | CN¥6.37 | x |
| 2012-12-31 | CN¥1.92 | CN¥6.37 | x |
| 2013-12-31 | CN¥2.29 | CN¥6.37 | x |
| 2014-12-31 | CN¥2.62 | CN¥6.37 | x |
| 2015-12-31 | CN¥2.98 | CN¥6.37 | x |
| 2016-12-31 | CN¥3.39 | CN¥6.37 | x |
| 2017-12-31 | CN¥3.52 | CN¥6.37 | x |
| 2018-12-31 | CN¥3.96 | CN¥6.37 | x |
| 2019-12-31 | CN¥4.45 | CN¥6.37 | x |
| 2020-12-31 | CN¥4.83 | CN¥6.37 | x |
| 2021-12-31 | CN¥5.08 | CN¥6.37 | x |
| 2022-12-31 | CN¥5.56 | CN¥6.37 | x |
| 2023-12-31 | CN¥5.86 | CN¥6.37 | x |
| 2024-12-31 | CN¥6.10 | CN¥6.37 | x |
| 2025-12-31 | CN¥6.56 | CN¥6.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Hangmin 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): 10.97%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.85%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.70x
- Recent ROE (10.97%) is below the historical average (14.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 21.13% | 9.43% | 0.86x | 2.61x | CN¥30.04 Million |
| 2002 | 24.38% | 8.46% | 1.04x | 2.77x | CN¥44.05 Million |
| 2003 | 19.96% | 9.12% | 0.91x | 2.41x | CN¥37.87 Million |
| 2004 | 4.04% | 4.19% | 0.63x | 1.53x | CN¥-58.43 Million |
| 2005 | 3.34% | 2.87% | 0.79x | 1.46x | CN¥-65.73 Million |
| 2006 | 6.55% | 4.51% | 0.92x | 1.59x | CN¥-35.29 Million |
| 2007 | 10.33% | 6.54% | 1.11x | 1.42x | CN¥3.66 Million |
| 2008 | 10.84% | 6.72% | 1.16x | 1.40x | CN¥9.72 Million |
| 2009 | 13.51% | 9.30% | 0.96x | 1.51x | CN¥43.98 Million |
| 2010 | 16.69% | 10.47% | 1.05x | 1.52x | CN¥94.25 Million |
| 2011 | 16.61% | 10.95% | 1.03x | 1.48x | CN¥105.33 Million |
| 2012 | 15.81% | 11.08% | 0.90x | 1.58x | CN¥103.73 Million |
| 2013 | 19.56% | 14.03% | 0.85x | 1.64x | CN¥200.89 Million |
| 2014 | 18.46% | 13.97% | 0.83x | 1.59x | CN¥203.90 Million |
| 2015 | 17.60% | 16.00% | 0.75x | 1.47x | CN¥209.17 Million |
| 2016 | 17.27% | 17.01% | 0.74x | 1.36x | CN¥228.46 Million |
| 2017 | 16.85% | 8.60% | 1.43x | 1.37x | CN¥242.87 Million |
| 2018 | 15.41% | 8.79% | 1.15x | 1.52x | CN¥232.43 Million |
| 2019 | 15.30% | 11.01% | 0.95x | 1.46x | CN¥255.17 Million |
| 2020 | 11.60% | 11.49% | 0.70x | 1.44x | CN¥83.13 Million |
| 2021 | 12.20% | 7.02% | 1.20x | 1.44x | CN¥120.16 Million |
| 2022 | 11.33% | 6.88% | 1.17x | 1.41x | CN¥77.37 Million |
| 2023 | 11.09% | 7.09% | 1.08x | 1.45x | CN¥67.56 Million |
| 2024 | 11.30% | 6.28% | 1.11x | 1.62x | CN¥82.60 Million |
| 2025 | 10.97% | 6.85% | 0.94x | 1.70x | CN¥65.06 Million |
Industry Comparison
This section compares Zhejiang Hangmin Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,229,742,114
- Average return on equity (ROE) among peers: 5.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Hangmin Co Ltd (600987) | CN¥7.60 Billion | 21.13% | 0.50x | $951.54 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $369.77 Million | 0.32% | 1.02x | $716.92 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $5.43 Billion | 4.59% | 1.01x | $2.96 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $4.33 Billion | -2.11% | 1.43x | $1.26 Billion |
| Lu Thai Textile Co Ltd (000726) | $1.93 Billion | 16.10% | 1.28x | $515.59 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.77 Billion | 10.08% | 0.61x | $550.97 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $3.78 Billion | 3.43% | 1.15x | $1.57 Billion |
| Xinlong Holding Group Co Ltd (000955) | $673.15 Million | -7.94% | 0.50x | $311.99 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $7.29 Billion | 10.24% | 1.53x | $928.26 Million |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.33 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $296.30 Million | 7.06% | 0.49x | $263.57 Million |
About Zhejiang Hangmin Co Ltd
Zhejiang Hangmin Co.,Ltd, together with its subsidiaries, engages in the textile dyeing, printing, and finishing business in China. The company offers various medium-to-high-grade cotton, linen, T/C, polyester-cotton, polyester-wool, and various chemical fiber fabrics or blended fabrics. It also exports its products to Southeast Asia, the Middle East, North America, the European Union, Hong Kong,… Read more