Zhejiang Red Dragonfly Footwear Co Ltd
Zhejiang Red Dragonfly Footwear Co., Ltd. designs, develops, manufactures, and sells shoes for adults in China. The company also offers luggage bags and leather goods, and children's products. It sells its products under the Red Dragonfly brand through offline and online channel. Zhejiang Red Dragonfly Footwear Co., Ltd. was founded in 1995 and is headquartered in Wenzhou, China.
Zhejiang Red Dragonfly Footwear Co Ltd (603116) - Net Assets
Latest net assets as of September 2025: CN¥2.77 Billion CNY
Based on the latest financial reports, Zhejiang Red Dragonfly Footwear Co Ltd (603116) has net assets worth CN¥2.77 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¥3.67 Billion) and total liabilities (CN¥898.63 Million). 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¥2.77 Billion |
| % of Total Assets | 75.53% |
| Annual Growth Rate | 9.56% |
| 5-Year Change | -15.62% |
| 10-Year Change | 1.24% |
| Growth Volatility | 21.44 |
Zhejiang Red Dragonfly Footwear Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Red Dragonfly Footwear Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Red Dragonfly Footwear Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Red Dragonfly Footwear Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.98 Billion | -6.92% |
| 2023-12-31 | CN¥3.20 Billion | -3.65% |
| 2022-12-31 | CN¥3.32 Billion | -3.11% |
| 2021-12-31 | CN¥3.43 Billion | -2.89% |
| 2020-12-31 | CN¥3.53 Billion | +2.54% |
| 2019-12-31 | CN¥3.45 Billion | -2.62% |
| 2018-12-31 | CN¥3.54 Billion | +1.65% |
| 2017-12-31 | CN¥3.48 Billion | +8.83% |
| 2016-12-31 | CN¥3.20 Billion | +8.61% |
| 2015-12-31 | CN¥2.95 Billion | +76.22% |
| 2014-12-31 | CN¥1.67 Billion | +18.22% |
| 2013-12-31 | CN¥1.41 Billion | +22.28% |
| 2012-12-31 | CN¥1.16 Billion | +27.13% |
| 2011-12-31 | CN¥909.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Red Dragonfly Footwear 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 159.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.40 Billion | 49.67% |
| Common Stock | CN¥576.20 Million | 20.47% |
| Other Comprehensive Income | CN¥176.87 Million | 6.28% |
| Other Components | CN¥663.70 Million | 23.58% |
| Total Equity | CN¥2.81 Billion | 100.00% |
Zhejiang Red Dragonfly Footwear Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Red Dragonfly Footwear Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kedge Construction Co Ltd
TW:2546
|
$163.03 Million |
|
BCEG Environmental Remediation Co. Ltd.
SHE:300958
|
$163.08 Million |
|
Changchun Zhiyuan New Energy Equipment Co. Ltd
SHE:300985
|
$163.11 Million |
|
AEON Thana Sinsap (Thailand) Public Company Limited
BK:AEONTS
|
$163.14 Million |
|
Kerry TJ Logistics Co Ltd
TW:2608
|
$162.98 Million |
|
D2L Inc
PINK:DTLIF
|
$162.93 Million |
|
Motorcar Parts of America Inc
NASDAQ:MPAA
|
$162.92 Million |
|
Columbus Circle Capital Corp I
NASDAQ:BRR
|
$162.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Red Dragonfly Footwear Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,036,175,651 to 2,814,733,106, a change of -221,442,545 (-7.3%).
- Net loss of 70,340,136 reduced equity.
- Dividend payments of 116,588,558 reduced retained earnings.
- Share repurchases of 40,343,316 reduced equity.
- Other comprehensive income increased equity by 176,869,915.
- Other factors decreased equity by 171,040,450.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-70.34 Million | -2.5% |
| Dividends Paid | CN¥116.59 Million | -4.14% |
| Share Repurchases | CN¥40.34 Million | -1.43% |
| Other Comprehensive Income | CN¥176.87 Million | +6.28% |
| Other Changes | CN¥-171.04 Million | -6.08% |
| Total Change | CN¥- | -7.29% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Red Dragonfly Footwear 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: 1.24x
- 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 3.21x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.85 | CN¥5.95 | x |
| 2012-12-31 | CN¥2.37 | CN¥5.95 | x |
| 2013-12-31 | CN¥2.90 | CN¥5.95 | x |
| 2014-12-31 | CN¥3.43 | CN¥5.95 | x |
| 2015-12-31 | CN¥5.54 | CN¥5.95 | x |
| 2016-12-31 | CN¥5.56 | CN¥5.95 | x |
| 2017-12-31 | CN¥6.21 | CN¥5.95 | x |
| 2018-12-31 | CN¥6.15 | CN¥5.95 | x |
| 2019-12-31 | CN¥6.17 | CN¥5.95 | x |
| 2020-12-31 | CN¥6.14 | CN¥5.95 | x |
| 2021-12-31 | CN¥5.91 | CN¥5.95 | x |
| 2022-12-31 | CN¥5.51 | CN¥5.95 | x |
| 2023-12-31 | CN¥5.26 | CN¥5.95 | x |
| 2024-12-31 | CN¥4.80 | CN¥5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Red Dragonfly Footwear 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): -2.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.28%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.41x
- Recent ROE (-2.50%) is below the historical average (9.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 30.46% | 10.19% | 1.23x | 2.44x | CN¥186.07 Million |
| 2012 | 25.64% | 9.66% | 1.22x | 2.18x | CN¥180.80 Million |
| 2013 | 18.22% | 8.00% | 1.20x | 1.89x | CN¥116.22 Million |
| 2014 | 19.60% | 10.47% | 1.13x | 1.65x | CN¥160.50 Million |
| 2015 | 10.19% | 10.11% | 0.73x | 1.38x | CN¥5.50 Million |
| 2016 | 8.73% | 9.71% | 0.65x | 1.37x | CN¥-40.50 Million |
| 2017 | 10.95% | 11.76% | 0.70x | 1.33x | CN¥33.12 Million |
| 2018 | 5.53% | 6.45% | 0.65x | 1.31x | CN¥-158.44 Million |
| 2019 | 3.80% | 4.40% | 0.64x | 1.35x | CN¥-213.12 Million |
| 2020 | 2.30% | 3.03% | 0.53x | 1.43x | CN¥-263.00 Million |
| 2021 | 1.47% | 1.92% | 0.55x | 1.38x | CN¥-280.55 Million |
| 2022 | -1.01% | -1.42% | 0.48x | 1.48x | CN¥-349.66 Million |
| 2023 | 1.71% | 2.10% | 0.57x | 1.44x | CN¥-251.67 Million |
| 2024 | -2.50% | -3.28% | 0.54x | 1.41x | CN¥-351.81 Million |
Industry Comparison
This section compares Zhejiang Red Dragonfly Footwear Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,237,570,328
- Average return on equity (ROE) among peers: 0.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | CN¥2.77 Billion | 30.46% | 0.32x | $163.02 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $904.81 Million | 5.58% | 1.28x | $239.60 Million |
| Anhui ANLI Artificial Leather (300218) | $1.41 Billion | 5.04% | 0.56x | $299.48 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $533.14 Million | 5.46% | 0.35x | $195.48 Million |
| Anhui Korrun Co Ltd (300577) | $900.20 Million | 25.11% | 1.19x | $260.39 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $576.44 Million | -36.88% | 0.65x | $319.12 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $957.63 Million | 10.91% | 0.13x | $230.20 Million |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.47 Billion | 0.98% | 0.26x | $215.04 Million |
| Topscore Fashion (603608) | $1.35 Billion | -13.25% | 0.59x | $312.39 Million |
| Zhejiang Kanglongda Special (603665) | $1.04 Billion | 4.80% | 0.37x | $378.58 Million |