Zhejiang Henglin Chair Industry Co Ltd Class A
Henglin Home Furnishings Co.,Ltd engages in research and development, manufacturing, and sales of home furnishing products in China and internationally. It offers office chairs, sofas, system offices, and new material floors. The company was founded in 1998 and is headquartered in Huzhou, China.
Zhejiang Henglin Chair Industry Co Ltd Class A (603661) - Net Assets
Latest net assets as of September 2025: CN¥3.88 Billion CNY
Based on the latest financial reports, Zhejiang Henglin Chair Industry Co Ltd Class A (603661) has net assets worth CN¥3.88 Billion 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¥10.60 Billion) and total liabilities (CN¥6.72 Billion). 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¥3.88 Billion |
| % of Total Assets | 36.6% |
| Annual Growth Rate | 23.27% |
| 5-Year Change | 30.07% |
| 10-Year Change | 824.69% |
| Growth Volatility | 64.92 |
Zhejiang Henglin Chair Industry Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Henglin Chair Industry Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Henglin Chair Industry Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Zhejiang Henglin Chair Industry Co Ltd Class A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.75 Billion | +8.80% |
| 2023-12-31 | CN¥3.45 Billion | +3.99% |
| 2022-12-31 | CN¥3.32 Billion | +9.50% |
| 2021-12-31 | CN¥3.03 Billion | +4.98% |
| 2020-12-31 | CN¥2.88 Billion | +10.93% |
| 2019-12-31 | CN¥2.60 Billion | +12.61% |
| 2018-12-31 | CN¥2.31 Billion | +4.50% |
| 2017-12-31 | CN¥2.21 Billion | +227.62% |
| 2016-12-31 | CN¥674.50 Million | +66.24% |
| 2015-12-31 | CN¥405.74 Million | -20.70% |
| 2014-12-31 | CN¥511.65 Million | +36.22% |
| 2013-12-31 | CN¥375.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Henglin Chair Industry 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 784.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.28 Billion | 61.72% |
| Common Stock | CN¥139.07 Million | 3.76% |
| Other Components | CN¥1.28 Billion | 34.52% |
| Total Equity | CN¥3.70 Billion | 100.00% |
Zhejiang Henglin Chair Industry Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Zhejiang Henglin Chair Industry Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elecom Co., Ltd.
PINK:ELCMF
|
$523.17 Million |
|
Oil Refineries Ltd
PINK:OILRF
|
$523.30 Million |
|
indie Semiconductor Inc
NASDAQ:INDI
|
$523.36 Million |
|
IP Group Plc
PINK:IPZYF
|
$523.40 Million |
|
TES Co. Ltd
KQ:095610
|
$523.03 Million |
|
Xuchang Yuandong Drive Shaft Co Ltd
SHE:002406
|
$522.94 Million |
|
Smith & Wesson Brands Inc
NASDAQ:SWBI
|
$522.80 Million |
|
Bloomberry Resorts Corporation
PINK:BLBRF
|
$522.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Henglin Chair Industry Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,399,336,489 to 3,696,314,138, a change of 296,977,649 (8.7%).
- Net income of 263,059,451 contributed positively to equity growth.
- Dividend payments of 90,183,945 reduced retained earnings.
- Other factors increased equity by 124,102,143.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥263.06 Million | +7.12% |
| Dividends Paid | CN¥90.18 Million | -2.44% |
| Other Changes | CN¥124.10 Million | +3.36% |
| Total Change | CN¥- | 8.74% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Henglin Chair Industry 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: 1.23x
- 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 9.58x to 1.23x 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¥3.45 | CN¥33.10 | x |
| 2014-12-31 | CN¥4.69 | CN¥33.10 | x |
| 2015-12-31 | CN¥3.66 | CN¥33.10 | x |
| 2016-12-31 | CN¥6.17 | CN¥33.10 | x |
| 2017-12-31 | CN¥20.19 | CN¥33.10 | x |
| 2018-12-31 | CN¥16.16 | CN¥33.10 | x |
| 2019-12-31 | CN¥18.01 | CN¥33.10 | x |
| 2020-12-31 | CN¥20.13 | CN¥33.10 | x |
| 2021-12-31 | CN¥22.07 | CN¥33.10 | x |
| 2022-12-31 | CN¥23.98 | CN¥33.10 | x |
| 2023-12-31 | CN¥24.68 | CN¥33.10 | x |
| 2024-12-31 | CN¥26.98 | CN¥33.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Henglin Chair Industry 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): 7.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.39%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.94x
- Recent ROE (7.12%) is below the historical average (17.19%), 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 | 16.75% | 5.42% | 0.97x | 3.18x | CN¥24.38 Million |
| 2014 | 24.65% | 8.71% | 1.11x | 2.55x | CN¥72.39 Million |
| 2015 | 49.43% | 12.40% | 1.61x | 2.48x | CN¥151.36 Million |
| 2016 | 40.73% | 15.31% | 1.53x | 1.74x | CN¥199.00 Million |
| 2017 | 7.61% | 8.74% | 0.72x | 1.21x | CN¥-52.18 Million |
| 2018 | 7.56% | 7.38% | 0.80x | 1.28x | CN¥-55.16 Million |
| 2019 | 9.65% | 8.38% | 0.78x | 1.49x | CN¥-8.70 Million |
| 2020 | 12.99% | 7.66% | 0.90x | 1.88x | CN¥83.57 Million |
| 2021 | 11.17% | 5.84% | 0.77x | 2.47x | CN¥35.24 Million |
| 2022 | 10.93% | 5.50% | 0.74x | 2.68x | CN¥30.53 Million |
| 2023 | 7.74% | 3.21% | 0.86x | 2.82x | CN¥-76.83 Million |
| 2024 | 7.12% | 2.39% | 1.02x | 2.94x | CN¥-106.57 Million |
Industry Comparison
This section compares Zhejiang Henglin Chair Industry Co Ltd Class A'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 |
|---|---|---|---|---|
| Zhejiang Henglin Chair Industry Co Ltd Class A (603661) | CN¥3.88 Billion | 16.75% | 1.73x | $523.08 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 |