Dazzle Fashion Co Ltd (603587) - Net Assets
Based on the latest financial reports, Dazzle Fashion Co Ltd (603587) has net assets worth CN¥3.61 Billion CNY (≈ $527.57 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.23 Billion ≈ $619.53 Million USD) and total liabilities (CN¥628.44 Million ≈ $91.96 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 how resilient are Dazzle Fashion Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.61 Billion |
| % of Total Assets | 85.16% |
| Annual Growth Rate | 24.85% |
| 5-Year Change | 6.69% |
| 10-Year Change | 364.98% |
| Growth Volatility | 47.92 |
Dazzle Fashion Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Dazzle Fashion Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Dazzle Fashion Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Dazzle Fashion Co Ltd (2012–2024)
The table below shows the annual net assets of Dazzle Fashion Co Ltd from 2012 to 2024. For live valuation and market cap data, see Dazzle Fashion Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.67 Billion ≈ $537.17 Million |
-1.99% |
| 2023-12-31 | CN¥3.75 Billion ≈ $548.06 Million |
+3.71% |
| 2022-12-31 | CN¥3.61 Billion ≈ $528.44 Million |
-3.91% |
| 2021-12-31 | CN¥3.76 Billion ≈ $549.93 Million |
+9.23% |
| 2020-12-31 | CN¥3.44 Billion ≈ $503.47 Million |
+3.92% |
| 2019-12-31 | CN¥3.31 Billion ≈ $484.46 Million |
+7.22% |
| 2018-12-31 | CN¥3.09 Billion ≈ $451.86 Million |
+131.64% |
| 2017-12-31 | CN¥1.33 Billion ≈ $195.07 Million |
+56.31% |
| 2016-12-31 | CN¥852.85 Million ≈ $124.80 Million |
+8.03% |
| 2015-12-31 | CN¥789.47 Million ≈ $115.52 Million |
+29.14% |
| 2014-12-31 | CN¥611.35 Million ≈ $89.46 Million |
+2.08% |
| 2013-12-31 | CN¥598.87 Million ≈ $87.63 Million |
+133.95% |
| 2012-12-31 | CN¥255.98 Million ≈ $37.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dazzle Fashion 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 617.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 43.65% |
| Common Stock | CN¥477.05 Million | 13.00% |
| Other Components | CN¥1.59 Billion | 43.36% |
| Total Equity | CN¥3.67 Billion | 100.00% |
Dazzle Fashion Co Ltd Competitors by Market Cap
The table below lists competitors of Dazzle Fashion Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plejd AB (publ)
F:3CA
|
$925.60 Million |
|
Vaudoise Assurances Holding SA
SW:VAHN
|
$925.74 Million |
|
Tianjin Economic-technological Development Area Co Ltd
SHE:000652
|
$926.31 Million |
|
Aker Biomarine AS
OL:AKBM
|
$926.58 Million |
|
Lucky Film Co Ltd
SHG:600135
|
$925.44 Million |
|
Jiangsu Hongdou Industrial Co Ltd
SHG:600400
|
$925.43 Million |
|
HYDROGRAPH CLEAN POWER
F:M98
|
$925.28 Million |
|
Fuda Alloy Materials Co Ltd
SHG:603045
|
$925.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dazzle Fashion Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,745,348,721 to 3,670,884,369, a change of -74,464,352 (-2.0%).
- Net income of 303,507,573 contributed positively to equity growth.
- Dividend payments of 376,038,087 reduced retained earnings.
- Share repurchases of 33,774,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥303.51 Million | +8.27% |
| Dividends Paid | CN¥376.04 Million | -10.24% |
| Share Repurchases | CN¥33.77 Million | -0.92% |
| Other Changes | CN¥31.84 Million | +0.87% |
| Total Change | CN¥- | -1.99% |
Book Value vs Market Value Analysis
This analysis compares Dazzle Fashion 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: 1.70x
- 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 20.66x to 1.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.65 | CN¥13.34 | x |
| 2013-12-31 | CN¥1.51 | CN¥13.34 | x |
| 2014-12-31 | CN¥1.50 | CN¥13.34 | x |
| 2015-12-31 | CN¥1.93 | CN¥13.34 | x |
| 2016-12-31 | CN¥2.09 | CN¥13.34 | x |
| 2017-12-31 | CN¥3.26 | CN¥13.34 | x |
| 2018-12-31 | CN¥6.94 | CN¥13.34 | x |
| 2019-12-31 | CN¥6.88 | CN¥13.34 | x |
| 2020-12-31 | CN¥7.22 | CN¥13.34 | x |
| 2021-12-31 | CN¥7.82 | CN¥13.34 | x |
| 2022-12-31 | CN¥7.52 | CN¥13.34 | x |
| 2023-12-31 | CN¥7.89 | CN¥13.34 | x |
| 2024-12-31 | CN¥7.86 | CN¥13.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dazzle Fashion 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): 8.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.68%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.20x
- Recent ROE (8.27%) is below the historical average (35.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 68.38% | 19.36% | 1.74x | 2.03x | CN¥149.43 Million |
| 2013 | 48.56% | 21.76% | 1.35x | 1.65x | CN¥230.91 Million |
| 2014 | 75.65% | 26.07% | 1.60x | 1.81x | CN¥401.35 Million |
| 2015 | 63.74% | 27.17% | 1.41x | 1.67x | CN¥424.28 Million |
| 2016 | 61.35% | 28.77% | 1.37x | 1.56x | CN¥437.20 Million |
| 2017 | 36.05% | 24.67% | 1.11x | 1.32x | CN¥346.91 Million |
| 2018 | 18.60% | 27.33% | 0.59x | 1.16x | CN¥265.47 Million |
| 2019 | 18.87% | 26.25% | 0.61x | 1.19x | CN¥293.45 Million |
| 2020 | 18.31% | 24.56% | 0.63x | 1.19x | CN¥285.95 Million |
| 2021 | 18.35% | 23.79% | 0.62x | 1.25x | CN¥313.82 Million |
| 2022 | 10.66% | 16.03% | 0.55x | 1.21x | CN¥23.75 Million |
| 2023 | 13.18% | 18.64% | 0.57x | 1.24x | CN¥119.10 Million |
| 2024 | 8.27% | 13.68% | 0.50x | 1.20x | CN¥-63.58 Million |
Industry Comparison
This section compares Dazzle Fashion Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $1,251,726,701
- Average return on equity (ROE) among peers: 8.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dazzle Fashion Co Ltd (603587) | CN¥3.61 Billion | 68.38% | 0.17x | $925.46 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $100.51 Million | 16.63% | 0.88x | $1.74 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $68.11 Million | 32.60% | 1.72x | $1.15 Billion |
| Fujian SBS Zipper Science Tech (002098) | $1.04 Billion | 6.91% | 0.42x | $451.57 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $2.63 Billion | 6.12% | 0.75x | $888.35 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $3.14 Billion | 1.15% | 0.97x | $625.02 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.26 Billion | 6.91% | 0.22x | $576.95 Million |
| Cedar Development Co Ltd (002485) | $2.01 Billion | 3.56% | 0.39x | $390.86 Million |
| Huasi Agricultural Development Co Ltd (002494) | $967.17 Million | 6.41% | 0.06x | $342.87 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $1.00 Billion | 68.50% | 1.01x | $2.39 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $303.49 Million | -63.53% | 1.17x | $303.66 Million |
About Dazzle Fashion Co Ltd
Dazzle Fashion Co., Ltd designs, develops, and sells women's clothing and apparel products in China and internationally. The company offers jackets, coats, furs, skirts, trousers, and other products under the DAZZLE, DIAMOND DAZZLE, d'zzit, and RAZZLE brands. It sells its products through direct sales or distributed brand stores, as well as online. The company was formerly known as Shanghai Dazzl… Read more