Mengtian Home Group Inc.
Mengtian Home Group Inc. designs, develops, produces, and sells customized wooden furniture in China. Its products include wooden doors, wall panels, and cabinets. The company offers home furnishing and furniture products. It offers its products under Mengtian brand name. The company was incorporated in 2003 and is based in Jiaxing, China. Mengtian Home Group Inc. operates as a subsidiary of Zhej… Read more
Mengtian Home Group Inc. (603216) - Net Assets
Latest net assets as of June 2025: CN¥1.77 Billion CNY
Based on the latest financial reports, Mengtian Home Group Inc. (603216) has net assets worth CN¥1.77 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.21 Billion) and total liabilities (CN¥441.68 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¥1.77 Billion |
| % of Total Assets | 80.03% |
| Annual Growth Rate | 30.92% |
| 5-Year Change | 196.63% |
| 10-Year Change | N/A |
| Growth Volatility | 62.26 |
Mengtian Home Group Inc. - Net Assets Trend (2019–2024)
This chart illustrates how Mengtian Home Group Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mengtian Home Group Inc. (2019–2024)
The table below shows the annual net assets of Mengtian Home Group Inc. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.78 Billion | -0.31% |
| 2023-12-31 | CN¥1.79 Billion | +0.67% |
| 2022-12-31 | CN¥1.77 Billion | +12.03% |
| 2021-12-31 | CN¥1.58 Billion | +163.82% |
| 2020-12-31 | CN¥600.00 Million | +29.75% |
| 2019-12-31 | CN¥462.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mengtian Home Group Inc.'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 204.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥582.46 Million | 32.73% |
| Other Components | CN¥1.20 Billion | 67.27% |
| Total Equity | CN¥1.78 Billion | 100.00% |
Mengtian Home Group Inc. Competitors by Market Cap
The table below lists competitors of Mengtian Home Group Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Adlai Nortye Ltd. American Depositary Shares
NASDAQ:ANL
|
$350.92 Million |
|
Mirrabooka Investments Ltd
AU:MIR
|
$350.93 Million |
|
Shandong Yuma Sun-shading Technology Corp. Ltd.
SHE:300993
|
$350.98 Million |
|
Saimo Electric Co Ltd
SHE:300466
|
$351.06 Million |
|
SRG Global Limited
PINK:SRGGF
|
$350.89 Million |
|
Hota Industrial Mfg. Co Ltd
TW:1536
|
$350.88 Million |
|
Zhejiang Whwh
SHG:600576
|
$350.83 Million |
|
G-Shank Enterprise Co Ltd
TW:2476
|
$350.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mengtian Home Group Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,785,312,071 to 1,779,766,149, a change of -5,545,922 (-0.3%).
- Net income of 61,261,078 contributed positively to equity growth.
- Dividend payments of 66,807,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥61.26 Million | +3.44% |
| Dividends Paid | CN¥66.81 Million | -3.75% |
| Other Changes | CN¥0.00 | +0.0% |
| Total Change | CN¥- | -0.31% |
Book Value vs Market Value Analysis
This analysis compares Mengtian Home Group Inc.'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: 4.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 12.88x to 4.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.78 | CN¥35.85 | x |
| 2020-12-31 | CN¥3.61 | CN¥35.85 | x |
| 2021-12-31 | CN¥7.15 | CN¥35.85 | x |
| 2022-12-31 | CN¥7.91 | CN¥35.85 | x |
| 2023-12-31 | CN¥7.97 | CN¥35.85 | x |
| 2024-12-31 | CN¥7.99 | CN¥35.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mengtian Home Group Inc. 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): 3.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.49%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.29x
- Recent ROE (3.44%) is below the historical average (16.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 40.65% | 13.94% | 1.21x | 2.42x | CN¥141.68 Million |
| 2020 | 28.50% | 13.94% | 0.93x | 2.21x | CN¥110.97 Million |
| 2021 | 11.56% | 12.04% | 0.67x | 1.43x | CN¥24.69 Million |
| 2022 | 12.43% | 15.86% | 0.60x | 1.30x | CN¥43.05 Million |
| 2023 | 5.36% | 7.27% | 0.54x | 1.36x | CN¥-82.80 Million |
| 2024 | 3.44% | 5.49% | 0.49x | 1.29x | CN¥-116.72 Million |
Industry Comparison
This section compares Mengtian Home Group Inc.'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mengtian Home Group Inc. (603216) | CN¥1.77 Billion | 40.65% | 0.25x | $350.89 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |