Zhejiang Hangmin Co Ltd (600987) - Net Assets

Latest as of September 2025: CN¥7.19 Billion CNY ≈ $1.05 Billion USD

Based on the latest financial reports, Zhejiang Hangmin Co Ltd (600987) has net assets worth CN¥7.19 Billion CNY (≈ $1.05 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥11.21 Billion ≈ $1.64 Billion USD) and total liabilities (CN¥4.02 Billion ≈ $587.76 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 600987 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥7.19 Billion
% of Total Assets	64.16%
Annual Growth Rate	14.26%
5-Year Change	22.81%
10-Year Change	128.64%
Growth Volatility	25.16

Zhejiang Hangmin Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Zhejiang Hangmin Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600987 total assets for the complete picture of this company's asset base.

Annual Net Assets for Zhejiang Hangmin Co Ltd (2001–2024)

The table below shows the annual net assets of Zhejiang Hangmin Co Ltd from 2001 to 2024. For live valuation and market cap data, see 600987 company net worth.

Year	Net Assets	Change
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	--

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 9363.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥4.96 Billion	77.85%
Common Stock	CN¥1.02 Billion	16.02%
Other Comprehensive Income	CN¥390.08 Million	6.12%
Other Components	CN¥1.00	0.00%
Total Equity	CN¥6.37 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
Shenzhen Pacific Union Precision Manufacturing Co. Ltd. A SHG:688210	$1.06 Billion
Harmonic Inc NASDAQ:HLIT	$1.06 Billion
Tekla Healthcare Investors NYSE:HQH	$1.06 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd SHE:002057	$1.06 Billion
CHERVON HOLDINGS LTD F:AZ9	$1.06 Billion
Mineros SA TO:MSA	$1.06 Billion
Hiconics Drive Tech Co SHE:300048	$1.06 Billion
Centuria Capital Group AU:CNI	$1.06 Billion

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 2023 to 2024, total equity changed from 6,176,092,224 to 6,371,135,448, a change of 195,043,224 (3.2%).
Net income of 719,710,015 contributed positively to equity growth.
Dividend payments of 380,460,099 reduced retained earnings.
Share repurchases of 218,749,803 reduced equity.
Other comprehensive income decreased equity by 110,462,333.
Other factors increased equity by 185,005,444.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥719.71 Million	+11.3%
Dividends Paid	CN¥380.46 Million	-5.97%
Share Repurchases	CN¥218.75 Million	-3.43%
Other Comprehensive Income	CN¥-110.46 Million	-1.73%
Other Changes	CN¥185.01 Million	+2.9%
Total Change	CN¥-	3.16%

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: 1.17x
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 19.68x to 1.17x 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¥7.12	x
2002-12-31	CN¥0.41	CN¥7.12	x
2003-12-31	CN¥0.51	CN¥7.12	x
2004-12-31	CN¥1.31	CN¥7.12	x
2005-12-31	CN¥1.32	CN¥7.12	x
2006-12-31	CN¥1.37	CN¥7.12	x
2007-12-31	CN¥1.45	CN¥7.12	x
2008-12-31	CN¥1.54	CN¥7.12	x
2009-12-31	CN¥1.64	CN¥7.12	x
2010-12-31	CN¥1.86	CN¥7.12	x
2011-12-31	CN¥2.07	CN¥7.12	x
2012-12-31	CN¥2.32	CN¥7.12	x
2013-12-31	CN¥2.77	CN¥7.12	x
2014-12-31	CN¥3.16	CN¥7.12	x
2015-12-31	CN¥3.60	CN¥7.12	x
2016-12-31	CN¥4.10	CN¥7.12	x
2017-12-31	CN¥4.25	CN¥7.12	x
2018-12-31	CN¥3.96	CN¥7.12	x
2019-12-31	CN¥4.46	CN¥7.12	x
2020-12-31	CN¥4.79	CN¥7.12	x
2021-12-31	CN¥5.08	CN¥7.12	x
2022-12-31	CN¥5.53	CN¥7.12	x
2023-12-31	CN¥5.88	CN¥7.12	x
2024-12-31	CN¥6.11	CN¥7.12	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): 11.30%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.28%
• Asset Turnover: 1.11x
• Equity Multiplier: 1.62x
Recent ROE (11.30%) is below the historical average (14.22%), 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

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: $3,330,114,933
Average return on equity (ROE) among peers: -0.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Hangmin Co Ltd (600987)	CN¥7.19 Billion	21.13%	0.56x	$1.06 Billion
Shenzhen Textile Holdings Co Ltd (000045)	$4.24 Billion	2.11%	0.24x	$803.19 Million
Shijiazhuang Changshan Textile Co Ltd (000158)	$2.44 Billion	0.72%	1.36x	$4.02 Billion
Jilin Chemical Fibre Co Ltd (000420)	$602.42 Million	1.65%	4.73x	$1.84 Billion
Lu Thai Textile Co Ltd (000726)	$9.82 Billion	4.18%	0.42x	$566.63 Million
Anhui Huamao Textile Co Ltd (000850)	$4.77 Billion	10.08%	0.61x	$626.92 Million
Xinxiang Chemical Fiber Co Ltd (000949)	$5.45 Billion	-0.77%	1.20x	$1.96 Billion
Xinlong Holding Group Co Ltd (000955)	$656.03 Million	-11.72%	0.66x	$409.68 Million
Huafu Top Dyed Melange Yarn Co Ltd (002042)	$218.05 Million	-26.65%	0.95x	$1.23 Billion
Sunvim Group Co Ltd (002083)	$3.42 Billion	11.87%	1.48x	$1.57 Billion
Hongda High-Tech Holding Co Ltd (002144)	$1.69 Billion	5.72%	0.20x	$368.59 Million

About Zhejiang Hangmin Co Ltd

SHG:600987 China Textile Manufacturing

Market Cap

$1.06 Billion

CN¥7.27 Billion CNY

Market Cap Rank

#8835 Global

#2334 in China

Share Price

CN¥7.12

Change (1 day)

-0.56%

52-Week Range

CN¥6.88 - CN¥8.65

All Time High

CN¥18.44