Zoy Home Furnishing Co Ltd (603709) - Net Assets
Based on the latest financial reports, Zoy Home Furnishing Co Ltd (603709) has net assets worth CN¥508.84 Million CNY (≈ $74.46 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¥1.34 Billion ≈ $196.27 Million USD) and total liabilities (CN¥832.44 Million ≈ $121.81 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 Zoy Home Furnishing Co Ltd (603709) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥508.84 Million |
| % of Total Assets | 37.94% |
| Annual Growth Rate | 29.17% |
| 5-Year Change | -17.69% |
| 10-Year Change | 292.66% |
| Growth Volatility | 72.06 |
Zoy Home Furnishing Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Zoy Home Furnishing Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Zoy Home Furnishing Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zoy Home Furnishing Co Ltd (2013–2025)
The table below shows the annual net assets of Zoy Home Furnishing Co Ltd from 2013 to 2025. For live valuation and market cap data, see 603709 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥505.76 Million ≈ $74.01 Million |
-4.12% |
| 2024-12-31 | CN¥527.52 Million ≈ $77.19 Million |
-10.90% |
| 2023-12-31 | CN¥592.06 Million ≈ $86.64 Million |
+4.13% |
| 2022-12-31 | CN¥568.59 Million ≈ $83.20 Million |
-7.47% |
| 2021-12-31 | CN¥614.48 Million ≈ $89.92 Million |
-3.72% |
| 2020-12-31 | CN¥638.19 Million ≈ $93.39 Million |
+3.91% |
| 2019-12-31 | CN¥614.20 Million ≈ $89.88 Million |
+2.64% |
| 2018-12-31 | CN¥598.43 Million ≈ $87.57 Million |
+248.97% |
| 2017-12-31 | CN¥171.48 Million ≈ $25.09 Million |
+33.13% |
| 2016-12-31 | CN¥128.80 Million ≈ $18.85 Million |
+75.05% |
| 2015-12-31 | CN¥73.58 Million ≈ $10.77 Million |
+51.07% |
| 2014-12-31 | CN¥48.71 Million ≈ $7.13 Million |
+107.79% |
| 2013-12-31 | CN¥23.44 Million ≈ $3.43 Million |
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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 4932654725.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥44.22 Million | 8.74% |
| Other Components | CN¥461.54 Million | 91.26% |
| Total Equity | CN¥505.76 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 |
|---|---|
|
Dogus Gayrimenkul Yatirim Ortakligi AS
IS:DGGYO
|
$276.77 Million |
|
Aluflexpack AG
SW:AFP
|
$276.80 Million |
|
SilverBox Corp V
NYSE:SBXE
|
$276.83 Million |
|
Vindhya Telelinks Limited
NSE:VINDHYATEL
|
$276.83 Million |
|
Kina Securities Ltd
AU:KSL
|
$276.73 Million |
|
Panora Gayrimenkul Yatirim Ortakligi AS
IS:PAGYO
|
$276.70 Million |
|
Sky Harbour Group Corp
NYSE MKT:SKYH
|
$276.57 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$276.55 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 2024 to 2025, total equity changed from 527,517,389 to 505,760,907, a change of -21,756,482 (-4.1%).
- Net loss of 28,254,217 reduced equity.
- Dividend payments of 8,689,383 reduced retained earnings.
- Other comprehensive income decreased equity by 27,164,619.
- Other factors increased equity by 42,351,737.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-28.25 Million | -5.59% |
| Dividends Paid | CN¥8.69 Million | -1.72% |
| Other Comprehensive Income | CN¥-27.16 Million | -5.37% |
| Other Changes | CN¥42.35 Million | +8.37% |
| Total Change | CN¥- | -4.12% |
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: 3.74x
- 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 41.47x to 3.74x 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¥15.00 | x |
| 2014-12-31 | CN¥0.58 | CN¥15.00 | x |
| 2015-12-31 | CN¥0.87 | CN¥15.00 | x |
| 2016-12-31 | CN¥1.38 | CN¥15.00 | x |
| 2017-12-31 | CN¥1.83 | CN¥15.00 | x |
| 2018-12-31 | CN¥4.99 | CN¥15.00 | x |
| 2019-12-31 | CN¥4.91 | CN¥15.00 | x |
| 2020-12-31 | CN¥5.10 | CN¥15.00 | x |
| 2021-12-31 | CN¥4.88 | CN¥15.00 | x |
| 2022-12-31 | CN¥4.59 | CN¥15.00 | x |
| 2023-12-31 | CN¥4.71 | CN¥15.00 | x |
| 2024-12-31 | CN¥4.30 | CN¥15.00 | x |
| 2025-12-31 | CN¥4.01 | CN¥15.00 | 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): -5.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.74%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 2.64x
- Recent ROE (-5.59%) is below the historical average (20.94%), 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 | -7.37% | -5.80% | 0.65x | 1.95x | CN¥-98.72 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 |
| 2025 | -5.59% | -1.74% | 1.22x | 2.64x | CN¥-78.83 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: $17,191,471,250
- Average return on equity (ROE) among peers: 6.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zoy Home Furnishing Co Ltd (603709) | CN¥508.84 Million | 28.68% | 1.64x | $276.74 Million |
| Midea Group Co Ltd (000333) | $134.83 Billion | 21.19% | 1.88x | $80.29 Billion |
| Changhong Meiling Co Ltd (000521) | $5.17 Billion | 4.26% | 1.42x | $758.67 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $5.86 Billion | 21.67% | 3.36x | $30.57 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $15.59 Billion | 6.24% | 2.59x | $3.83 Billion |
| Suncha Technology Co Ltd (001211) | $878.22 Million | -1.78% | 0.60x | $380.34 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $705.20 Million |
| Zhejiang Supor Co Ltd (002032) | $738.85 Million | 8.55% | 0.84x | $4.91 Billion |
| Vatti Corp Ltd (002035) | $1.02 Billion | 15.65% | 0.93x | $615.23 Million |
| CNlight Co Ltd (002076) | $254.01 Million | -1.51% | 2.23x | $420.36 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.59 Billion | -7.77% | 1.20x | $321.43 Million |
About 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