Zoy Home Furnishing Co Ltd
ZOY Home Furnishing Co.,Ltd develops, produces, and sells furniture worldwide. It offers motion, power motion, and stationary sofas, as well as accent chairs, push back and lift recliners, and office chairs; and zaisu, thera, block, prado, X-space, puzzle, and delano products. The company was formerly known as Home Furnishing Co., Ltd. and changed its name to ZOY Home Furnishing Co.,Ltd in Novemb… Read more
Zoy Home Furnishing Co Ltd (603709) - Net Assets
Latest net assets as of September 2025: CN¥518.41 Million CNY
Based on the latest financial reports, Zoy Home Furnishing Co Ltd (603709) has net assets worth CN¥518.41 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¥1.27 Billion) and total liabilities (CN¥754.70 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¥518.41 Million |
| % of Total Assets | 40.72% |
| Annual Growth Rate | 32.72% |
| 5-Year Change | -17.34% |
| 10-Year Change | 616.9% |
| Growth Volatility | 73.87 |
Zoy Home Furnishing Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zoy Home Furnishing 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 Zoy Home Furnishing Co Ltd (2013–2024)
The table below shows the annual net assets of Zoy Home Furnishing Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥527.52 Million | -10.90% |
| 2023-12-31 | CN¥592.06 Million | +4.13% |
| 2022-12-31 | CN¥568.59 Million | -7.47% |
| 2021-12-31 | CN¥614.48 Million | -3.72% |
| 2020-12-31 | CN¥638.19 Million | +3.91% |
| 2019-12-31 | CN¥614.20 Million | +2.64% |
| 2018-12-31 | CN¥598.43 Million | +248.97% |
| 2017-12-31 | CN¥171.48 Million | +33.13% |
| 2016-12-31 | CN¥128.80 Million | +75.05% |
| 2015-12-31 | CN¥73.58 Million | +51.07% |
| 2014-12-31 | CN¥48.71 Million | +107.79% |
| 2013-12-31 | CN¥23.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zoy Home Furnishing 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 7758076318.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥72.47 Million | 13.74% |
| Common Stock | CN¥125.90 Million | 23.87% |
| Other Comprehensive Income | CN¥27.16 Million | 5.15% |
| Other Components | CN¥301.98 Million | 57.25% |
| Total Equity | CN¥527.52 Million | 100.00% |
Zoy Home Furnishing Co Ltd Competitors by Market Cap
The table below lists competitors of Zoy Home Furnishing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globe Union Industrial Corp
TW:9934
|
$99.14 Million |
|
Chia Chang Co Ltd
TW:4942
|
$99.16 Million |
|
Nextronics Engineering
TWO:8147
|
$99.17 Million |
|
Kits Eyecare Ltd
PINK:KTYCF
|
$99.19 Million |
|
Ihuman Inc
NYSE:IH
|
$99.10 Million |
|
MAINSTREET BANCSH. DL4
F:5L0
|
$99.09 Million |
|
IMMOB. BELG. SA
F:R5L
|
$99.07 Million |
|
Mobase Electronics Co.Ltd
KQ:012860
|
$99.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zoy Home Furnishing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 592,060,204 to 527,517,389, a change of -64,542,815 (-10.9%).
- Net loss of 41,739,042 reduced equity.
- Dividend payments of 27,346,840 reduced retained earnings.
- Share repurchases of 134,200 reduced equity.
- Other comprehensive income decreased equity by 10,923,906.
- Other factors increased equity by 15,601,174.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-41.74 Million | -7.91% |
| Dividends Paid | CN¥27.35 Million | -5.18% |
| Share Repurchases | CN¥134.20K | -0.03% |
| Other Comprehensive Income | CN¥-10.92 Million | -2.07% |
| Other Changes | CN¥15.60 Million | +2.96% |
| Total Change | CN¥- | -10.90% |
Book Value vs Market Value Analysis
This analysis compares Zoy Home Furnishing 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: 4.35x
- 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 50.17x to 4.35x 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¥0.36 | CN¥18.15 | x |
| 2014-12-31 | CN¥0.75 | CN¥18.15 | x |
| 2015-12-31 | CN¥1.13 | CN¥18.15 | x |
| 2016-12-31 | CN¥1.79 | CN¥18.15 | x |
| 2017-12-31 | CN¥2.39 | CN¥18.15 | x |
| 2018-12-31 | CN¥6.49 | CN¥18.15 | x |
| 2019-12-31 | CN¥6.40 | CN¥18.15 | x |
| 2020-12-31 | CN¥6.65 | CN¥18.15 | x |
| 2021-12-31 | CN¥6.40 | CN¥18.15 | x |
| 2022-12-31 | CN¥5.92 | CN¥18.15 | x |
| 2023-12-31 | CN¥4.71 | CN¥18.15 | x |
| 2024-12-31 | CN¥4.17 | CN¥18.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zoy Home Furnishing 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): -7.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.61%
- • Asset Turnover: 1.13x
- • Equity Multiplier: 2.69x
- Recent ROE (-7.91%) is below the historical average (23.15%), 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 | 28.68% | 3.01% | 1.32x | 7.24x | CN¥4.38 Million |
| 2014 | 51.88% | 8.13% | 1.62x | 3.94x | CN¥20.40 Million |
| 2015 | 80.34% | 13.88% | 1.68x | 3.45x | CN¥51.76 Million |
| 2016 | 56.85% | 12.37% | 1.60x | 2.88x | CN¥60.34 Million |
| 2017 | 48.22% | 10.54% | 1.70x | 2.69x | CN¥65.53 Million |
| 2018 | 14.00% | 9.43% | 0.97x | 1.53x | CN¥23.93 Million |
| 2019 | 5.49% | 3.15% | 1.04x | 1.68x | CN¥-27.71 Million |
| 2020 | 6.54% | 3.59% | 1.08x | 1.69x | CN¥-22.10 Million |
| 2021 | -2.49% | -1.50% | 0.99x | 1.68x | CN¥-76.78 Million |
| 2022 | -7.40% | -5.83% | 0.65x | 1.95x | CN¥-98.92 Million |
| 2023 | 3.61% | 1.94% | 0.81x | 2.30x | CN¥-37.85 Million |
| 2024 | -7.91% | -2.61% | 1.13x | 2.69x | CN¥-94.49 Million |
Industry Comparison
This section compares Zoy Home Furnishing 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 |
|---|---|---|---|---|
| Zoy Home Furnishing Co Ltd (603709) | CN¥518.41 Million | 28.68% | 1.46x | $99.11 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 |