Zhejiang Aokang Shoes Co Ltd (603001) - Net Assets
Based on the latest financial reports, Zhejiang Aokang Shoes Co Ltd (603001) has net assets worth CN¥2.37 Billion CNY (≈ $346.89 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¥3.10 Billion ≈ $454.26 Million USD) and total liabilities (CN¥733.75 Million ≈ $107.37 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. Also explore Zhejiang Aokang Shoes Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.37 Billion |
| % of Total Assets | 76.36% |
| Annual Growth Rate | 14.97% |
| 5-Year Change | -32.32% |
| 10-Year Change | -42.7% |
| Growth Volatility | 59.47 |
Zhejiang Aokang Shoes Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Zhejiang Aokang Shoes Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Aokang Shoes Co Ltd (603001) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Aokang Shoes Co Ltd (2008–2025)
The table below shows the annual net assets of Zhejiang Aokang Shoes Co Ltd from 2008 to 2025. For live valuation and market cap data, see Zhejiang Aokang Shoes Co Ltd (603001) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.35 Billion ≈ $343.38 Million |
-11.54% |
| 2024-12-31 | CN¥2.65 Billion ≈ $388.16 Million |
-9.14% |
| 2023-12-31 | CN¥2.92 Billion ≈ $427.19 Million |
-0.87% |
| 2022-12-31 | CN¥2.94 Billion ≈ $430.92 Million |
-15.06% |
| 2021-12-31 | CN¥3.47 Billion ≈ $507.34 Million |
-3.88% |
| 2020-12-31 | CN¥3.61 Billion ≈ $527.84 Million |
-4.76% |
| 2019-12-31 | CN¥3.79 Billion ≈ $554.20 Million |
-4.69% |
| 2018-12-31 | CN¥3.97 Billion ≈ $581.50 Million |
-2.59% |
| 2017-12-31 | CN¥4.08 Billion ≈ $596.99 Million |
-0.39% |
| 2016-12-31 | CN¥4.10 Billion ≈ $599.30 Million |
+0.19% |
| 2015-12-31 | CN¥4.09 Billion ≈ $598.19 Million |
+5.09% |
| 2014-12-31 | CN¥3.89 Billion ≈ $569.19 Million |
+4.57% |
| 2013-12-31 | CN¥3.72 Billion ≈ $544.31 Million |
+3.16% |
| 2012-12-31 | CN¥3.61 Billion ≈ $527.65 Million |
+206.08% |
| 2011-12-31 | CN¥1.18 Billion ≈ $172.39 Million |
+63.47% |
| 2010-12-31 | CN¥720.70 Million ≈ $105.46 Million |
+147.96% |
| 2009-12-31 | CN¥290.65 Million ≈ $42.53 Million |
+32.63% |
| 2008-12-31 | CN¥219.14 Million ≈ $32.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Aokang Shoes 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 414.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.50 Billion | 106.40% |
| Total Equity | CN¥2.35 Billion | 100.00% |
Zhejiang Aokang Shoes Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Aokang Shoes Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vysarn Ltd
AU:VYS
|
$411.41 Million |
|
FrontView REIT, Inc.
NYSE:FVR
|
$411.59 Million |
|
Tubacex S.A
MC:TUB
|
$411.60 Million |
|
Lets Holding Group Co Ltd
SHE:002398
|
$411.64 Million |
|
Guizhou Transp Planning
SHG:603458
|
$411.22 Million |
|
Guangdong Guoli Sci&Tech Co Ltd Class A
SHE:300716
|
$411.18 Million |
|
STL Technology Co Ltd
TWO:4931
|
$411.07 Million |
|
Long Chen Paper Co Ltd
TW:1909
|
$410.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Aokang Shoes Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,648,781,272 to 2,345,670,140, a change of -303,111,132 (-11.4%).
- Net loss of 241,024,391 reduced equity.
- Dividend payments of 62,250,520 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-241.02 Million | -10.28% |
| Dividends Paid | CN¥62.25 Million | -2.65% |
| Other Changes | CN¥163.78K | +0.01% |
| Total Change | CN¥- | -11.44% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Aokang Shoes 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: 1.20x
- 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 2.92x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥2.40 | CN¥7.01 | x |
| 2009-12-31 | CN¥2.61 | CN¥7.01 | x |
| 2010-12-31 | CN¥2.27 | CN¥7.01 | x |
| 2011-12-31 | CN¥3.68 | CN¥7.01 | x |
| 2012-12-31 | CN¥9.64 | CN¥7.01 | x |
| 2013-12-31 | CN¥9.28 | CN¥7.01 | x |
| 2014-12-31 | CN¥9.70 | CN¥7.01 | x |
| 2015-12-31 | CN¥10.19 | CN¥7.01 | x |
| 2016-12-31 | CN¥10.21 | CN¥7.01 | x |
| 2017-12-31 | CN¥10.18 | CN¥7.01 | x |
| 2018-12-31 | CN¥9.91 | CN¥7.01 | x |
| 2019-12-31 | CN¥9.74 | CN¥7.01 | x |
| 2020-12-31 | CN¥9.41 | CN¥7.01 | x |
| 2021-12-31 | CN¥9.04 | CN¥7.01 | x |
| 2022-12-31 | CN¥7.63 | CN¥7.01 | x |
| 2023-12-31 | CN¥7.40 | CN¥7.01 | x |
| 2024-12-31 | CN¥6.61 | CN¥7.01 | x |
| 2025-12-31 | CN¥5.85 | CN¥7.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Aokang Shoes 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): -10.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.53%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 1.33x
- Recent ROE (-10.28%) is below the historical average (10.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 16.93% | 3.44% | 0.87x | 5.66x | CN¥15.19 Million |
| 2009 | 72.09% | 12.57% | 1.17x | 4.90x | CN¥180.45 Million |
| 2010 | 38.86% | 12.67% | 1.22x | 2.52x | CN¥207.98 Million |
| 2011 | 38.83% | 15.42% | 1.25x | 2.01x | CN¥339.59 Million |
| 2012 | 14.24% | 14.86% | 0.68x | 1.41x | CN¥152.72 Million |
| 2013 | 7.37% | 9.81% | 0.59x | 1.28x | CN¥-97.74 Million |
| 2014 | 6.64% | 8.71% | 0.63x | 1.22x | CN¥-130.72 Million |
| 2015 | 9.55% | 11.76% | 0.59x | 1.38x | CN¥-18.49 Million |
| 2016 | 7.45% | 9.39% | 0.59x | 1.35x | CN¥-104.28 Million |
| 2017 | 5.55% | 6.94% | 0.61x | 1.31x | CN¥-181.55 Million |
| 2018 | 3.45% | 4.53% | 0.62x | 1.23x | CN¥-259.43 Million |
| 2019 | 0.60% | 0.83% | 0.61x | 1.19x | CN¥-355.32 Million |
| 2020 | 0.78% | 1.02% | 0.63x | 1.20x | CN¥-332.18 Million |
| 2021 | 0.98% | 1.15% | 0.68x | 1.26x | CN¥-311.76 Million |
| 2022 | -12.75% | -13.59% | 0.65x | 1.45x | CN¥-667.89 Million |
| 2023 | -3.20% | -3.02% | 0.76x | 1.39x | CN¥-384.38 Million |
| 2024 | -8.14% | -8.50% | 0.72x | 1.34x | CN¥-480.62 Million |
| 2025 | -10.28% | -12.53% | 0.61x | 1.33x | CN¥-475.59 Million |
Industry Comparison
This section compares Zhejiang Aokang Shoes Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $2,503,605,473
- Average return on equity (ROE) among peers: 22.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Aokang Shoes Co Ltd (603001) | CN¥2.37 Billion | 16.93% | 0.31x | $411.32 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $89.89 Million | 16.04% | 2.72x | $483.92 Million |
| Anhui ANLI Artificial Leather (300218) | $159.12 Million | 18.59% | 1.44x | $381.66 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $633.95 Million | 1.77% | 0.11x | $413.61 Million |
| Anhui Korrun Co Ltd (300577) | $151.98 Million | 27.64% | 1.16x | $645.76 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $456.27 Million | 8.18% | 1.23x | $438.10 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $28.99 Million | 82.82% | 3.52x | $546.11 Million |
| Huali Industrial Group Company Limited (300979) | $5.74 Billion | 32.72% | 0.72x | $5.83 Billion |
| Zhejiang China Commodities City Group Co Ltd (600415) | $11.83 Billion | 9.16% | 1.27x | $9.95 Billion |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.45 Billion | 3.79% | 0.35x | $497.47 Million |
About Zhejiang Aokang Shoes Co Ltd
ZheJiang AoKang Shoes Co.,Ltd. engages in the manufacture, sale and retail of shoes and shoemaking materials, leather goods, and clothing. It also offers technical consultation and technical services for shoemaking technology, as well as import and export business. In addition, the company provides warehousing services and after-sales services. It offers its products under the Aokang, Kanglong, S… Read more