Shanghai Shuixing Home Textile Co Ltd Class A (603365) - Net Assets
Based on the latest financial reports, Shanghai Shuixing Home Textile Co Ltd Class A (603365) has net assets worth CN¥2.91 Billion CNY (≈ $426.16 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.64 Billion ≈ $532.96 Million USD) and total liabilities (CN¥729.82 Million ≈ $106.80 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 Shanghai Shuixing Home Textile Co Ltd Cl (603365) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.91 Billion |
| % of Total Assets | 79.96% |
| Annual Growth Rate | 16.87% |
| 5-Year Change | 26.32% |
| 10-Year Change | 295.62% |
| Growth Volatility | 34.81 |
Shanghai Shuixing Home Textile Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Shanghai Shuixing Home Textile Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shanghai Shuixing Home Textile Co Ltd Cl's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Shuixing Home Textile Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Shanghai Shuixing Home Textile Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see Shanghai Shuixing Home Textile Co Ltd Cl market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.98 Billion ≈ $435.71 Million |
+1.11% |
| 2023-12-31 | CN¥2.94 Billion ≈ $430.92 Million |
+6.42% |
| 2022-12-31 | CN¥2.77 Billion ≈ $404.93 Million |
+4.94% |
| 2021-12-31 | CN¥2.64 Billion ≈ $385.87 Million |
+11.87% |
| 2020-12-31 | CN¥2.36 Billion ≈ $344.93 Million |
+3.16% |
| 2019-12-31 | CN¥2.29 Billion ≈ $334.37 Million |
+4.47% |
| 2018-12-31 | CN¥2.19 Billion ≈ $320.08 Million |
+7.45% |
| 2017-12-31 | CN¥2.04 Billion ≈ $297.88 Million |
+128.64% |
| 2016-12-31 | CN¥890.34 Million ≈ $130.28 Million |
+18.30% |
| 2015-12-31 | CN¥752.64 Million ≈ $110.13 Million |
+20.50% |
| 2014-12-31 | CN¥624.59 Million ≈ $91.40 Million |
+16.55% |
| 2013-12-31 | CN¥535.90 Million ≈ $78.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Shuixing Home Textile Co Ltd Class A'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 475.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.84 Billion | 61.64% |
| Common Stock | CN¥262.73 Million | 8.82% |
| Other Components | CN¥879.43 Million | 29.54% |
| Total Equity | CN¥2.98 Billion | 100.00% |
Shanghai Shuixing Home Textile Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shanghai Shuixing Home Textile Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sinosteel Luonai Materials Technology Co. Ltd. A
SHG:688119
|
$859.33 Million |
|
GL Events SA
PA:GLO
|
$859.42 Million |
|
Nhn Entertain
KO:181710
|
$859.67 Million |
|
Sun Country Airlines Holdings Inc
NASDAQ:SNCY
|
$860.56 Million |
|
Eczacibasi Yatirim Holding Ortakligi AS
IS:ECZYT
|
$858.97 Million |
|
Risesun Real Estate Development Co Ltd
SHE:002146
|
$858.97 Million |
|
Shenzhen Topway Video Communication Co Ltd
SHE:002238
|
$858.48 Million |
|
Changzhou Kaidi Electrical Inc
SHG:605288
|
$858.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Shuixing Home Textile Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,944,814,610 to 2,977,530,036, a change of 32,715,426 (1.1%).
- Net income of 366,652,090 contributed positively to equity growth.
- Dividend payments of 236,601,425 reduced retained earnings.
- Share repurchases of 122,413,530 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥366.65 Million | +12.31% |
| Dividends Paid | CN¥236.60 Million | -7.95% |
| Share Repurchases | CN¥122.41 Million | -4.11% |
| Other Changes | CN¥25.08 Million | +0.84% |
| Total Change | CN¥- | 1.11% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Shuixing Home Textile Co Ltd Class A'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: 1.97x
- 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 6.63x to 1.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥3.37 | CN¥22.37 | x |
| 2014-12-31 | CN¥3.94 | CN¥22.37 | x |
| 2015-12-31 | CN¥4.47 | CN¥22.37 | x |
| 2016-12-31 | CN¥4.46 | CN¥22.37 | x |
| 2017-12-31 | CN¥9.89 | CN¥22.37 | x |
| 2018-12-31 | CN¥8.21 | CN¥22.37 | x |
| 2019-12-31 | CN¥8.62 | CN¥22.37 | x |
| 2020-12-31 | CN¥8.93 | CN¥22.37 | x |
| 2021-12-31 | CN¥9.94 | CN¥22.37 | x |
| 2022-12-31 | CN¥10.44 | CN¥22.37 | x |
| 2023-12-31 | CN¥11.19 | CN¥22.37 | x |
| 2024-12-31 | CN¥11.37 | CN¥22.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Shuixing Home Textile Co Ltd Class A 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): 12.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.74%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 1.28x
- Recent ROE (12.31%) is below the historical average (14.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 18.98% | 6.21% | 1.56x | 1.95x | CN¥46.74 Million |
| 2014 | 19.05% | 6.49% | 1.45x | 2.02x | CN¥54.78 Million |
| 2015 | 17.91% | 7.28% | 1.38x | 1.79x | CN¥59.52 Million |
| 2016 | 22.21% | 10.00% | 1.34x | 1.65x | CN¥108.67 Million |
| 2017 | 12.64% | 10.45% | 0.94x | 1.29x | CN¥53.79 Million |
| 2018 | 13.03% | 10.48% | 0.98x | 1.27x | CN¥66.34 Million |
| 2019 | 13.81% | 10.51% | 1.06x | 1.24x | CN¥87.03 Million |
| 2020 | 11.65% | 9.05% | 1.01x | 1.27x | CN¥38.82 Million |
| 2021 | 14.63% | 10.16% | 1.09x | 1.32x | CN¥122.18 Million |
| 2022 | 10.06% | 7.59% | 1.04x | 1.28x | CN¥1.53 Million |
| 2023 | 12.87% | 9.00% | 1.15x | 1.24x | CN¥84.59 Million |
| 2024 | 12.31% | 8.74% | 1.10x | 1.28x | CN¥68.90 Million |
Industry Comparison
This section compares Shanghai Shuixing Home Textile Co Ltd Class A's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $1,920,644,166
- Average return on equity (ROE) among peers: -17.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Shuixing Home Textile Co Ltd Class A (603365) | CN¥2.91 Billion | 18.98% | 0.25x | $859.26 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $355.63 Million | 7.09% | 1.07x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $6.01 Billion | 5.91% | 1.13x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $171.85 Million | -229.00% | 22.27x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $319.30 Million | 12.54% | 0.86x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.28 Billion | 2.77% | 0.77x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $3.78 Billion | 3.43% | 1.15x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $483.18 Million | 3.34% | 0.67x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $131.39 Million | 14.72% | 1.47x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $2.54 Billion | 4.26% | 1.67x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.14 Billion | 3.53% | 0.31x | $368.59 Million |
About Shanghai Shuixing Home Textile Co Ltd Class A
Shanghai Shuixing Home Textile Co., Ltd. researches, develops, designs, produces, and sells home textile products in China. It offers bedding sets, quilts, pillows, single-piece combinations, cushions, children's products, summer supplies, blankets, and other bedding products. The company sells its products under the MERCURY, STARZ HOME, BLISS, SHUIXING KIDS, and MERCURY BABY brand names. Shangha… Read more