A-Zenith Home Furnishings Co Ltd
A-Zenith Home Furnishings Co., Ltd. provides furniture products in China. The company offers aluminum-wood doors and windows, stair handrails, and house decoration materials. It also involved in the wholesale of furniture and household items; residential interior decoration and renovation; sales of building decoration materials; professional design services; house rental; furniture installation s… Read more
A-Zenith Home Furnishings Co Ltd (603389) - Net Assets
Latest net assets as of September 2025: CN¥277.46 Million CNY
Based on the latest financial reports, A-Zenith Home Furnishings Co Ltd (603389) has net assets worth CN¥277.46 Million 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¥1.18 Billion) and total liabilities (CN¥904.28 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¥277.46 Million |
| % of Total Assets | 23.48% |
| Annual Growth Rate | 3.55% |
| 5-Year Change | -63.11% |
| 10-Year Change | -39.73% |
| Growth Volatility | 37.4 |
A-Zenith Home Furnishings Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how A-Zenith Home Furnishings 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 A-Zenith Home Furnishings Co Ltd (2011–2024)
The table below shows the annual net assets of A-Zenith Home Furnishings Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥245.12 Million | -32.39% |
| 2023-12-31 | CN¥362.53 Million | -26.71% |
| 2022-12-31 | CN¥494.63 Million | -17.27% |
| 2021-12-31 | CN¥597.90 Million | -10.01% |
| 2020-12-31 | CN¥664.39 Million | +2.85% |
| 2019-12-31 | CN¥645.99 Million | -16.66% |
| 2018-12-31 | CN¥775.15 Million | -12.58% |
| 2017-12-31 | CN¥886.67 Million | +4.39% |
| 2016-12-31 | CN¥849.38 Million | +108.86% |
| 2015-12-31 | CN¥406.67 Million | +13.19% |
| 2014-12-31 | CN¥359.28 Million | +11.07% |
| 2013-12-31 | CN¥323.46 Million | +30.66% |
| 2012-12-31 | CN¥247.56 Million | +58.94% |
| 2011-12-31 | CN¥155.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to A-Zenith Home Furnishings 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 760.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥262.75 Million | 101.17% |
| Other Components | CN¥361.03 Million | 139.01% |
| Total Equity | CN¥259.72 Million | 100.00% |
A-Zenith Home Furnishings Co Ltd Competitors by Market Cap
The table below lists competitors of A-Zenith Home Furnishings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ronglian Group Ltd
SHE:002642
|
$574.03 Million |
|
AKTR
AT:AKTR
|
$574.05 Million |
|
Avanos Medical Inc
NYSE:AVNS
|
$574.89 Million |
|
Southern Missouri Bancorp Inc
NASDAQ:SMBC
|
$575.34 Million |
|
Antin Infrastructure Partners
LSE:0AA5
|
$573.10 Million |
|
Ningxia Western Venture Industrial Co Ltd
SHE:000557
|
$573.05 Million |
|
Strides Pharma Science Limited
NSE:STAR
|
$572.99 Million |
|
Nexpoint Residential Trust Inc
NYSE:NXRT
|
$572.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in A-Zenith Home Furnishings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 376,678,622 to 259,721,007, a change of -116,957,615 (-31.0%).
- Net loss of 116,957,609 reduced equity.
- Dividend payments of 2,145,051 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-116.96 Million | -45.03% |
| Dividends Paid | CN¥2.15 Million | -0.83% |
| Other Changes | CN¥2.15 Million | +0.83% |
| Total Change | CN¥- | -31.05% |
Book Value vs Market Value Analysis
This analysis compares A-Zenith Home Furnishings 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: 43.43x
- 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 55.33x to 43.43x 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¥0.78 | CN¥43.40 | x |
| 2012-12-31 | CN¥1.30 | CN¥43.40 | x |
| 2013-12-31 | CN¥1.62 | CN¥43.40 | x |
| 2014-12-31 | CN¥1.80 | CN¥43.40 | x |
| 2015-12-31 | CN¥2.06 | CN¥43.40 | x |
| 2016-12-31 | CN¥4.30 | CN¥43.40 | x |
| 2017-12-31 | CN¥3.38 | CN¥43.40 | x |
| 2018-12-31 | CN¥2.94 | CN¥43.40 | x |
| 2019-12-31 | CN¥2.49 | CN¥43.40 | x |
| 2020-12-31 | CN¥2.56 | CN¥43.40 | x |
| 2021-12-31 | CN¥2.29 | CN¥43.40 | x |
| 2022-12-31 | CN¥1.93 | CN¥43.40 | x |
| 2023-12-31 | CN¥1.43 | CN¥43.40 | x |
| 2024-12-31 | CN¥1.00 | CN¥43.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently A-Zenith Home Furnishings 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): -45.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -57.78%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.26x
- Recent ROE (-45.03%) is below the historical average (-0.10%), 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 | 33.75% | 13.93% | 1.09x | 2.23x | CN¥35.14 Million |
| 2012 | 20.59% | 12.25% | 0.93x | 1.80x | CN¥25.86 Million |
| 2013 | 24.70% | 14.55% | 1.10x | 1.55x | CN¥46.82 Million |
| 2014 | 20.42% | 12.92% | 0.98x | 1.61x | CN¥37.13 Million |
| 2015 | 19.04% | 13.23% | 0.97x | 1.49x | CN¥36.67 Million |
| 2016 | 8.91% | 13.44% | 0.55x | 1.21x | CN¥-9.20 Million |
| 2017 | 6.90% | 10.66% | 0.53x | 1.22x | CN¥-27.37 Million |
| 2018 | -11.05% | -20.65% | 0.44x | 1.22x | CN¥-164.06 Million |
| 2019 | -19.01% | -33.44% | 0.45x | 1.26x | CN¥-190.02 Million |
| 2020 | 2.49% | 5.36% | 0.37x | 1.25x | CN¥-50.46 Million |
| 2021 | -11.15% | -24.22% | 0.32x | 1.42x | CN¥-126.77 Million |
| 2022 | -17.70% | -37.80% | 0.30x | 1.56x | CN¥-140.14 Million |
| 2023 | -34.28% | -65.14% | 0.31x | 1.73x | CN¥-166.80 Million |
| 2024 | -45.03% | -57.78% | 0.34x | 2.26x | CN¥-142.93 Million |
Industry Comparison
This section compares A-Zenith Home Furnishings Co Ltd'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 |
|---|---|---|---|---|
| A-Zenith Home Furnishings Co Ltd (603389) | CN¥277.46 Million | 33.75% | 3.26x | $573.56 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 |