Grace Fabric Technology Co Ltd (603256) - Net Assets
Based on the latest financial reports, Grace Fabric Technology Co Ltd (603256) has net assets worth CN¥1.65 Billion CNY (≈ $241.43 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.28 Billion ≈ $480.36 Million USD) and total liabilities (CN¥1.63 Billion ≈ $238.93 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 Grace Fabric Technology Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.65 Billion |
| % of Total Assets | 50.26% |
| Annual Growth Rate | 7.76% |
| 5-Year Change | -1.98% |
| 10-Year Change | 108.79% |
| Growth Volatility | 11.62 |
Grace Fabric Technology Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Grace Fabric Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Grace Fabric Technology Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Grace Fabric Technology Co Ltd (2014–2024)
The table below shows the annual net assets of Grace Fabric Technology Co Ltd from 2014 to 2024. For live valuation and market cap data, see how much is Grace Fabric Technology Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.45 Billion ≈ $212.19 Million |
+1.62% |
| 2023-12-31 | CN¥1.43 Billion ≈ $208.81 Million |
-5.32% |
| 2022-12-31 | CN¥1.51 Billion ≈ $220.55 Million |
-1.69% |
| 2021-12-31 | CN¥1.53 Billion ≈ $224.35 Million |
+3.64% |
| 2020-12-31 | CN¥1.48 Billion ≈ $216.47 Million |
+3.78% |
| 2019-12-31 | CN¥1.43 Billion ≈ $208.58 Million |
+32.78% |
| 2018-12-31 | CN¥1.07 Billion ≈ $157.08 Million |
+8.15% |
| 2017-12-31 | CN¥992.57 Million ≈ $145.24 Million |
+13.86% |
| 2016-12-31 | CN¥871.77 Million ≈ $127.57 Million |
+25.52% |
| 2015-12-31 | CN¥694.50 Million ≈ $101.63 Million |
+1.17% |
| 2014-12-31 | CN¥686.49 Million ≈ $100.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Grace Fabric Technology 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 149.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥170.91 Million | 11.79% |
| Common Stock | CN¥879.73 Million | 60.67% |
| Other Comprehensive Income | CN¥142.75 Million | 9.84% |
| Other Components | CN¥256.66 Million | 17.70% |
| Total Equity | CN¥1.45 Billion | 100.00% |
Grace Fabric Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Grace Fabric Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jardine Matheson Holdings Limited
F:H4W
|
$19.71 Billion |
|
Telus Corp
TO:T
|
$19.72 Billion |
|
IHH Healthcare Bhd
KLSE:5225
|
$19.72 Billion |
|
China Spacesat Co Ltd
SHG:600118
|
$19.76 Billion |
|
HP Inc
NYSE:HPQ
|
$19.70 Billion |
|
Bouygues SA
PA:EN
|
$19.69 Billion |
|
Ke Holdings Inc
NYSE:BEKE
|
$19.68 Billion |
|
Incyte Corporation
NASDAQ:INCY
|
$19.61 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Grace Fabric Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,426,956,868 to 1,450,039,422, a change of 23,082,554 (1.6%).
- Net income of 22,800,934 contributed positively to equity growth.
- Dividend payments of 34,860,342 reduced retained earnings.
- Share repurchases of 12,208,534 reduced equity.
- Other comprehensive income increased equity by 140,955,517.
- Other factors decreased equity by 93,605,021.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.80 Million | +1.57% |
| Dividends Paid | CN¥34.86 Million | -2.4% |
| Share Repurchases | CN¥12.21 Million | -0.84% |
| Other Comprehensive Income | CN¥140.96 Million | +9.72% |
| Other Changes | CN¥-93.61 Million | -6.46% |
| Total Change | CN¥- | 1.62% |
Book Value vs Market Value Analysis
This analysis compares Grace Fabric Technology 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: 78.03x
- 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 142.46x to 78.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.05 | CN¥148.87 | x |
| 2015-12-31 | CN¥1.02 | CN¥148.87 | x |
| 2016-12-31 | CN¥1.23 | CN¥148.87 | x |
| 2017-12-31 | CN¥1.27 | CN¥148.87 | x |
| 2018-12-31 | CN¥1.33 | CN¥148.87 | x |
| 2019-12-31 | CN¥1.62 | CN¥148.87 | x |
| 2020-12-31 | CN¥1.69 | CN¥148.87 | x |
| 2021-12-31 | CN¥1.75 | CN¥148.87 | x |
| 2022-12-31 | CN¥1.72 | CN¥148.87 | x |
| 2023-12-31 | CN¥1.58 | CN¥148.87 | x |
| 2024-12-31 | CN¥1.91 | CN¥148.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Grace Fabric Technology 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): 1.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.73%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.73x
- Recent ROE (1.57%) is below the historical average (7.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.53% | 11.43% | 0.75x | 1.23x | CN¥3.61 Million |
| 2015 | 10.74% | 12.06% | 0.77x | 1.16x | CN¥5.17 Million |
| 2016 | 8.97% | 11.55% | 0.64x | 1.21x | CN¥-8.99 Million |
| 2017 | 16.59% | 21.13% | 0.65x | 1.21x | CN¥65.38 Million |
| 2018 | 15.82% | 20.53% | 0.64x | 1.20x | CN¥62.44 Million |
| 2019 | 7.31% | 15.73% | 0.35x | 1.33x | CN¥-38.30 Million |
| 2020 | 7.91% | 18.87% | 0.28x | 1.50x | CN¥-30.85 Million |
| 2021 | 8.10% | 15.38% | 0.33x | 1.61x | CN¥-29.06 Million |
| 2022 | 3.47% | 8.56% | 0.23x | 1.73x | CN¥-98.35 Million |
| 2023 | -4.42% | -9.54% | 0.26x | 1.77x | CN¥-205.79 Million |
| 2024 | 1.57% | 2.73% | 0.33x | 1.73x | CN¥-122.20 Million |
Industry Comparison
This section compares Grace Fabric Technology Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,232,855,093
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Grace Fabric Technology Co Ltd (603256) | CN¥1.65 Billion | 10.53% | 0.99x | $19.71 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $631.81 Million | 6.70% | 0.50x | $516.47 Million |
| Hengyi Petrochemical Co Ltd (000703) | $207.78 Million | -7.69% | 0.69x | $8.23 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.28 Billion | -17.84% | 0.99x | $826.86 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.27 Billion | 9.90% | 1.68x | $4.38 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.58 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.65 Billion | 5.07% | 0.31x | $1.22 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.60 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $211.24 Million | 7.97% | 2.37x | $571.59 Million |
| Zhejiang Transfar Co Ltd (002010) | $379.82 Million | 13.84% | 0.21x | $2.37 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $466.37 Million | 7.55% | 0.43x | $614.61 Million |
About Grace Fabric Technology Co Ltd
Grace Fabric Technology Co.,Ltd. engages in the research, development, production, and sale of e-glass fabrics in China, Hong Kong, Asia, North America, and Europe. It offers medium and high-end fabrics, including extremely thin fabric, super thin fabric, and thin e-glass fabrics. The company exports its products. Its products are used in automotive structure parts, electrical and thermal insulat… Read more