Zhejiang Aokang Shoes Co Ltd (603001) - Net Assets

Latest as of March 2026: CN¥2.37 Billion CNY ≈ $346.89 Million USD

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. Check Zhejiang Aokang Shoes Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity 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. See Zhejiang Aokang Shoes Co Ltd (603001) liquidity interval to measure how many days the company can operate on defensive assets alone.

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 603001 stock market capitalisation.

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	--

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
Shenzhen Jieshun Science and Technology Industry Co Ltd SHE:002609	$697.69 Million
SAMPYO Cement Co. Ltd KQ:038500	$697.69 Million
Laan & Spar Bank AS CO:LASP	$697.78 Million
Fujian Zhangzhou Development Co Ltd SHE:000753	$697.86 Million
Regional Container Lines Public Company Limited BK:RCL-R	$697.45 Million
Senvest Capital Inc. TO:SEC	$697.43 Million
Guangdong Insight Brand Marketing Group Co Ltd SHE:300781	$697.42 Million
JSE Limited JSE:JSE	$697.32 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: 2.03x
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 4.96x to 2.03x 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¥11.89	x
2009-12-31	CN¥2.61	CN¥11.89	x
2010-12-31	CN¥2.27	CN¥11.89	x
2011-12-31	CN¥3.68	CN¥11.89	x
2012-12-31	CN¥9.64	CN¥11.89	x
2013-12-31	CN¥9.28	CN¥11.89	x
2014-12-31	CN¥9.70	CN¥11.89	x
2015-12-31	CN¥10.19	CN¥11.89	x
2016-12-31	CN¥10.21	CN¥11.89	x
2017-12-31	CN¥10.18	CN¥11.89	x
2018-12-31	CN¥9.91	CN¥11.89	x
2019-12-31	CN¥9.74	CN¥11.89	x
2020-12-31	CN¥9.41	CN¥11.89	x
2021-12-31	CN¥9.04	CN¥11.89	x
2022-12-31	CN¥7.63	CN¥11.89	x
2023-12-31	CN¥7.40	CN¥11.89	x
2024-12-31	CN¥6.61	CN¥11.89	x
2025-12-31	CN¥5.85	CN¥11.89	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: $1,235,145,799
Average return on equity (ROE) among peers: 16.08%

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	$697.66 Million
Wuxi Double Elephant Micro Fibre Material Co Ltd (002395)	$859.35 Million	-5.29%	1.37x	$509.04 Million
Anhui ANLI Artificial Leather (300218)	$206.29 Million	23.48%	1.64x	$402.62 Million
Shandong Tongda Island New Materials Co Ltd (300321)	$142.82 Million	21.73%	0.92x	$643.47 Million
Anhui Korrun Co Ltd (300577)	$1.73 Billion	10.40%	1.03x	$533.45 Million
Guangdong Wanlima Industry Co Ltd (300591)	$244.47 Million	13.12%	1.61x	$439.28 Million
Zhejiang Zoenn Design Co Ltd (300901)	$1.02 Billion	6.98%	0.13x	$519.07 Million
Huali Industrial Group Company Limited (300979)	$5.74 Billion	32.72%	0.70x	$5.34 Billion
Zhejiang China Commodities City Group Co Ltd (600415)	$264.44 Million	11.14%	1.57x	$8.46 Billion
Zhejiang Red Dragonfly Footwear Co Ltd (603116)	$909.37 Million	30.46%	1.44x	$551.43 Million

About Zhejiang Aokang Shoes Co Ltd

SHG:603001 China Footwear & Accessories

Market Cap

$697.66 Million

CN¥4.77 Billion CNY

Market Cap Rank

#10737 Global

#2989 in China

Share Price

CN¥11.89

Change (1 day)

+9.99%

52-Week Range

CN¥6.15 - CN¥11.89

All Time High

CN¥29.86