Jinhong Fashion Group Co Ltd (603518) - Net Assets
Based on the latest financial reports, Jinhong Fashion Group Co Ltd (603518) has net assets worth CN¥3.84 Billion CNY (≈ $562.31 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.72 Billion ≈ $836.42 Million USD) and total liabilities (CN¥1.87 Billion ≈ $274.11 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 Jinhong Fashion Group Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.84 Billion |
| % of Total Assets | 67.23% |
| Annual Growth Rate | 27.39% |
| 5-Year Change | 45.88% |
| 10-Year Change | 155.69% |
| Growth Volatility | 40.57 |
Jinhong Fashion Group Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Jinhong Fashion Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Jinhong Fashion Group Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jinhong Fashion Group Co Ltd (2008–2025)
The table below shows the annual net assets of Jinhong Fashion Group Co Ltd from 2008 to 2025. For live valuation and market cap data, see how much is Jinhong Fashion Group Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.73 Billion ≈ $546.16 Million |
+3.21% |
| 2024-12-31 | CN¥3.62 Billion ≈ $529.16 Million |
+6.67% |
| 2023-12-31 | CN¥3.39 Billion ≈ $496.09 Million |
+9.69% |
| 2022-12-31 | CN¥3.09 Billion ≈ $452.28 Million |
+20.81% |
| 2021-12-31 | CN¥2.56 Billion ≈ $374.39 Million |
+31.42% |
| 2020-12-31 | CN¥1.95 Billion ≈ $284.89 Million |
-32.10% |
| 2019-12-31 | CN¥2.87 Billion ≈ $419.55 Million |
+7.46% |
| 2018-12-31 | CN¥2.67 Billion ≈ $390.43 Million |
+43.86% |
| 2017-12-31 | CN¥1.85 Billion ≈ $271.39 Million |
+27.05% |
| 2016-12-31 | CN¥1.46 Billion ≈ $213.60 Million |
+6.05% |
| 2015-12-31 | CN¥1.38 Billion ≈ $201.42 Million |
+6.99% |
| 2014-12-31 | CN¥1.29 Billion ≈ $188.25 Million |
+151.66% |
| 2013-12-31 | CN¥511.19 Million ≈ $74.80 Million |
+29.22% |
| 2012-12-31 | CN¥395.60 Million ≈ $57.89 Million |
+33.78% |
| 2011-12-31 | CN¥295.72 Million ≈ $43.27 Million |
+81.44% |
| 2010-12-31 | CN¥162.99 Million ≈ $23.85 Million |
+44.81% |
| 2009-12-31 | CN¥112.55 Million ≈ $16.47 Million |
+84.78% |
| 2008-12-31 | CN¥60.91 Million ≈ $8.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jinhong Fashion Group 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 3818.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.15 Billion | 30.76% |
| Other Components | CN¥2.58 Billion | 69.24% |
| Total Equity | CN¥3.73 Billion | 100.00% |
Jinhong Fashion Group Co Ltd Competitors by Market Cap
The table below lists competitors of Jinhong Fashion Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PGIM Short Duration High Yield Opportunities Fund
NYSE:SDHY
|
$397.73 Million |
|
Qibu Co Ltd
SHG:603557
|
$397.76 Million |
|
Cub Elecparts Inc
TW:2231
|
$397.85 Million |
|
North American Construction Group Ltd
TO:NOA
|
$397.94 Million |
|
Whitefield Industrials Ltd
AU:WHF
|
$397.62 Million |
|
LF Corp
KO:093050
|
$397.56 Million |
|
Wenfeng Great World Chain Development Corp
SHG:601010
|
$397.52 Million |
|
Hangzhou Everfine Photo E Info
SHE:300306
|
$397.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jinhong Fashion Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,616,184,831 to 3,732,348,961, a change of 116,164,130 (3.2%).
- Net income of 226,410,496 contributed positively to equity growth.
- Dividend payments of 173,566,113 reduced retained earnings.
- Other factors increased equity by 63,319,747.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥226.41 Million | +6.07% |
| Dividends Paid | CN¥173.57 Million | -4.65% |
| Other Changes | CN¥63.32 Million | +1.7% |
| Total Change | CN¥- | 3.21% |
Book Value vs Market Value Analysis
This analysis compares Jinhong Fashion Group 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: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.18x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.88 | CN¥7.87 | x |
| 2009-12-31 | CN¥3.73 | CN¥7.87 | x |
| 2010-12-31 | CN¥1.62 | CN¥7.87 | x |
| 2011-12-31 | CN¥2.09 | CN¥7.87 | x |
| 2012-12-31 | CN¥2.53 | CN¥7.87 | x |
| 2013-12-31 | CN¥3.29 | CN¥7.87 | x |
| 2014-12-31 | CN¥8.04 | CN¥7.87 | x |
| 2015-12-31 | CN¥6.66 | CN¥7.87 | x |
| 2016-12-31 | CN¥7.07 | CN¥7.87 | x |
| 2017-12-31 | CN¥7.90 | CN¥7.87 | x |
| 2018-12-31 | CN¥10.01 | CN¥7.87 | x |
| 2019-12-31 | CN¥9.99 | CN¥7.87 | x |
| 2020-12-31 | CN¥7.80 | CN¥7.87 | x |
| 2021-12-31 | CN¥9.25 | CN¥7.87 | x |
| 2022-12-31 | CN¥10.82 | CN¥7.87 | x |
| 2023-12-31 | CN¥9.45 | CN¥7.87 | x |
| 2024-12-31 | CN¥10.04 | CN¥7.87 | x |
| 2025-12-31 | CN¥10.81 | CN¥7.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jinhong Fashion Group 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): 6.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.39%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.53x
- Recent ROE (6.07%) is below the historical average (12.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 41.71% | 15.58% | 1.22x | 2.19x | CN¥16.72 Million |
| 2009 | 18.97% | 9.89% | 1.23x | 1.56x | CN¥9.38 Million |
| 2010 | 32.97% | 17.17% | 1.36x | 1.42x | CN¥37.44 Million |
| 2011 | 30.81% | 18.03% | 1.40x | 1.22x | CN¥61.53 Million |
| 2012 | 23.96% | 15.85% | 1.25x | 1.21x | CN¥55.23 Million |
| 2013 | 26.52% | 18.17% | 1.28x | 1.14x | CN¥84.46 Million |
| 2014 | 10.75% | 16.32% | 0.62x | 1.07x | CN¥9.63 Million |
| 2015 | 8.15% | 13.60% | 0.55x | 1.10x | CN¥-25.52 Million |
| 2016 | 6.87% | 13.48% | 0.47x | 1.09x | CN¥-45.64 Million |
| 2017 | 11.58% | 7.41% | 0.39x | 4.03x | CN¥25.85 Million |
| 2018 | 11.29% | 8.84% | 0.46x | 2.75x | CN¥31.21 Million |
| 2019 | 4.20% | 3.74% | 0.42x | 2.68x | CN¥-150.08 Million |
| 2020 | -32.04% | -18.68% | 0.59x | 2.89x | CN¥-818.44 Million |
| 2021 | 8.76% | 5.18% | 0.71x | 2.39x | CN¥-31.84 Million |
| 2022 | 2.31% | 1.83% | 0.64x | 1.98x | CN¥-237.67 Million |
| 2023 | 8.78% | 6.55% | 0.80x | 1.67x | CN¥-41.39 Million |
| 2024 | 8.47% | 6.97% | 0.74x | 1.64x | CN¥-55.36 Million |
| 2025 | 6.07% | 5.39% | 0.74x | 1.53x | CN¥-146.82 Million |
Industry Comparison
This section compares Jinhong Fashion Group Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $1,724,170,240
- Average return on equity (ROE) among peers: 8.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jinhong Fashion Group Co Ltd (603518) | CN¥3.84 Billion | 41.71% | 0.49x | $397.72 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $2.93 Billion | 16.67% | 0.63x | $1.50 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $4.89 Billion | 5.91% | 0.42x | $902.71 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.39 Billion | 8.55% | 1.29x | $356.75 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $3.32 Billion | 11.03% | 0.46x | $828.56 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $2.04 Billion | -40.47% | 2.13x | $514.72 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $447.66 Million | 14.34% | 0.99x | $504.83 Million |
| Cedar Development Co Ltd (002485) | $1.38 Billion | -0.77% | 0.43x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $218.31 Million | 17.12% | 0.54x | $259.50 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $465.88 Million | 95.18% | 1.30x | $2.07 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $162.66 Million | -41.44% | 0.82x | $347.29 Million |
About Jinhong Fashion Group Co Ltd
Jinhong Fashion Group Co.,Ltd. engages in the design, development, manufacturing, and sale of apparels and accessories for women, men, and children in China. The company offers dresses, sweaters, and coats; leather and sample garments, furs, accessories, down jackets, cotton coats, trousers, suspenders, suits, overalls, and nikes; handicraft products; and gifts. It also sells its products under t… Read more