Lafang China (603630) - Net Assets
Based on the latest financial reports, Lafang China (603630) has net assets worth CN¥1.90 Billion CNY (≈ $278.68 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¥2.18 Billion ≈ $318.93 Million USD) and total liabilities (CN¥275.06 Million ≈ $40.25 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 tangible is Lafang China's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.90 Billion |
| % of Total Assets | 87.38% |
| Annual Growth Rate | 13.77% |
| 5-Year Change | -0.86% |
| 10-Year Change | 124.16% |
| Growth Volatility | 27.16 |
Lafang China - Net Assets Trend (2012–2025)
This chart illustrates how Lafang China's net assets have evolved over time, based on quarterly financial data. See Lafang China defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Lafang China (2012–2025)
The table below shows the annual net assets of Lafang China from 2012 to 2025. For live valuation and market cap data, see Lafang China (603630) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.88 Billion ≈ $275.53 Million |
-2.66% |
| 2024-12-31 | CN¥1.93 Billion ≈ $283.07 Million |
-2.56% |
| 2023-12-31 | CN¥1.99 Billion ≈ $290.50 Million |
+1.19% |
| 2022-12-31 | CN¥1.96 Billion ≈ $287.10 Million |
+3.30% |
| 2021-12-31 | CN¥1.90 Billion ≈ $277.92 Million |
+2.12% |
| 2020-12-31 | CN¥1.86 Billion ≈ $272.16 Million |
+7.10% |
| 2019-12-31 | CN¥1.74 Billion ≈ $254.11 Million |
-3.34% |
| 2018-12-31 | CN¥1.80 Billion ≈ $262.88 Million |
+5.73% |
| 2017-12-31 | CN¥1.70 Billion ≈ $248.63 Million |
+102.28% |
| 2016-12-31 | CN¥839.98 Million ≈ $122.92 Million |
+21.65% |
| 2015-12-31 | CN¥690.52 Million ≈ $101.04 Million |
+20.40% |
| 2014-12-31 | CN¥573.51 Million ≈ $83.92 Million |
+28.17% |
| 2013-12-31 | CN¥447.45 Million ≈ $65.48 Million |
+27.09% |
| 2012-12-31 | CN¥352.07 Million ≈ $51.52 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Lafang China'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 1365.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥764.11 Million | 40.93% |
| Other Components | CN¥1.10 Billion | 59.07% |
| Total Equity | CN¥1.87 Billion | 100.00% |
Lafang China Competitors by Market Cap
The table below lists competitors of Lafang China ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eaton Vance Municipal Income Closed Fund
NYSE:EVN
|
$425.41 Million |
|
Tivan Ltd
AU:TVN
|
$425.42 Million |
|
Meihua International Medical Technologies Co Ltd
NASDAQ:MHUA
|
$425.43 Million |
|
Dezhou United Petroleum Technology Co.Ltd.
SHE:301158
|
$425.48 Million |
|
Fujian Oriental Silver Star Investment Co Ltd
SHG:600753
|
$424.97 Million |
|
Rumere Co. Ltd.
SHE:301088
|
$424.87 Million |
|
Genfit S.A.
PA:GNFT
|
$424.82 Million |
|
Guangdong Songyang Recycle Resources Co Ltd
SHG:603863
|
$424.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Lafang China's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,918,465,994 to 1,866,723,727, a change of -51,742,267 (-2.7%).
- Net loss of 31,154,170 reduced equity.
- Dividend payments of 21,956,705 reduced retained earnings.
- Other comprehensive income decreased equity by 114,225,973.
- Other factors increased equity by 115,594,581.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-31.15 Million | -1.67% |
| Dividends Paid | CN¥21.96 Million | -1.18% |
| Other Comprehensive Income | CN¥-114.23 Million | -6.12% |
| Other Changes | CN¥115.59 Million | +6.19% |
| Total Change | CN¥- | -2.70% |
Book Value vs Market Value Analysis
This analysis compares Lafang China'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: 1.56x
- 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 6.08x to 1.56x 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¥2.12 | CN¥12.90 | x |
| 2013-12-31 | CN¥2.63 | CN¥12.90 | x |
| 2014-12-31 | CN¥3.36 | CN¥12.90 | x |
| 2015-12-31 | CN¥4.05 | CN¥12.90 | x |
| 2016-12-31 | CN¥4.93 | CN¥12.90 | x |
| 2017-12-31 | CN¥8.00 | CN¥12.90 | x |
| 2018-12-31 | CN¥7.86 | CN¥12.90 | x |
| 2019-12-31 | CN¥7.64 | CN¥12.90 | x |
| 2020-12-31 | CN¥8.10 | CN¥12.90 | x |
| 2021-12-31 | CN¥8.40 | CN¥12.90 | x |
| 2022-12-31 | CN¥8.49 | CN¥12.90 | x |
| 2023-12-31 | CN¥8.72 | CN¥12.90 | x |
| 2024-12-31 | CN¥8.81 | CN¥12.90 | x |
| 2025-12-31 | CN¥8.29 | CN¥12.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Lafang China 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): -1.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.81%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.14x
- Recent ROE (-1.67%) is below the historical average (9.98%), 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 | 22.83% | 10.70% | 1.34x | 1.59x | CN¥45.18 Million |
| 2013 | 21.32% | 11.62% | 1.15x | 1.59x | CN¥50.64 Million |
| 2014 | 21.98% | 13.50% | 1.22x | 1.33x | CN¥68.70 Million |
| 2015 | 20.68% | 14.50% | 1.13x | 1.26x | CN¥73.78 Million |
| 2016 | 17.79% | 14.25% | 0.97x | 1.29x | CN¥65.47 Million |
| 2017 | 8.12% | 14.07% | 0.52x | 1.11x | CN¥-31.86 Million |
| 2018 | 7.12% | 13.19% | 0.48x | 1.12x | CN¥-51.33 Million |
| 2019 | 2.88% | 5.14% | 0.50x | 1.12x | CN¥-122.83 Million |
| 2020 | 6.42% | 11.89% | 0.48x | 1.12x | CN¥-65.35 Million |
| 2021 | 3.69% | 6.27% | 0.53x | 1.12x | CN¥-118.01 Million |
| 2022 | 3.06% | 6.68% | 0.41x | 1.12x | CN¥-134.17 Million |
| 2023 | 3.33% | 7.62% | 0.39x | 1.11x | CN¥-131.36 Million |
| 2024 | 2.16% | 4.65% | 0.41x | 1.12x | CN¥-150.48 Million |
| 2025 | -1.67% | -3.81% | 0.39x | 1.14x | CN¥-217.83 Million |
Industry Comparison
This section compares Lafang China's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,265,285,424
- Average return on equity (ROE) among peers: 11.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lafang China (603630) | CN¥1.90 Billion | 22.83% | 0.14x | $425.11 Million |
| Lonkey Industrial Co Ltd Guangzhou (000523) | $476.21 Million | 3.16% | 0.96x | $743.99 Million |
| Tianjin Yiyi Hygiene Products Co Ltd (001206) | $1.77 Billion | 5.83% | 0.12x | $452.64 Million |
| Hunan Resun Co Ltd (001218) | $905.44 Million | 24.55% | 0.67x | $469.75 Million |
| Qingdao Kingking Applied Chemistry Co Ltd (002094) | $459.68 Million | 4.30% | 0.72x | $471.13 Million |
| C&S Paper Co Ltd (002511) | $5.48 Billion | 6.07% | 0.74x | $1.29 Billion |
| Anhui Deli Household Glass Co Ltd (002571) | $1.52 Billion | -4.12% | 0.47x | $622.30 Million |
| Mingchen Health Co Ltd Class A (002919) | $229.96 Million | 18.92% | 1.06x | $766.42 Million |
| Chongqing Baiya Sanitary Products Co (003006) | $312.82 Million | 21.45% | 0.44x | $931.12 Million |
| Chengdu Rainbow Appliance Gr (003023) | $1.44 Billion | 6.57% | 0.37x | $336.35 Million |
| Fujian Green Pine Co Ltd (300132) | $54.40 Million | 27.37% | 2.27x | $452.80 Million |
About Lafang China
Lafang China Co.,Ltd engages in the research, development, and sale of cleaning, skin care, and cosmetics products in China. It offers cream, conditioner, body wash, shampoo, soap, gel water, and gel cream products under the Lafang, Meadows, Yujie, Taoran, Mansina, Jiaocaotang, Binchun, Shengfeng, Bai Xiaoqi, Ruiboxi, T8, Muscle Ant, VNK brands. The company was formerly known as Guangdong Lafang … Read more