Shenzhen Ellassay Fashion Co (603808) - Net Assets
Based on the latest financial reports, Shenzhen Ellassay Fashion Co (603808) has net assets worth CN¥2.89 Billion CNY (≈ $422.67 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¥4.08 Billion ≈ $597.35 Million USD) and total liabilities (CN¥1.19 Billion ≈ $174.68 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 Shenzhen Ellassay Fashion Co liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.89 Billion |
| % of Total Assets | 70.76% |
| Annual Growth Rate | 16.57% |
| 5-Year Change | 21.29% |
| 10-Year Change | 80.53% |
| Growth Volatility | 35.51 |
Shenzhen Ellassay Fashion Co - Net Assets Trend (2011–2024)
This chart illustrates how Shenzhen Ellassay Fashion Co's net assets have evolved over time, based on quarterly financial data. Also explore Shenzhen Ellassay Fashion Co assets under control for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Ellassay Fashion Co (2011–2024)
The table below shows the annual net assets of Shenzhen Ellassay Fashion Co from 2011 to 2024. For live valuation and market cap data, see 603808 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.73 Billion ≈ $399.59 Million |
-10.75% |
| 2023-12-31 | CN¥3.06 Billion ≈ $447.71 Million |
+6.80% |
| 2022-12-31 | CN¥2.86 Billion ≈ $419.21 Million |
-2.30% |
| 2021-12-31 | CN¥2.93 Billion ≈ $429.07 Million |
+30.23% |
| 2020-12-31 | CN¥2.25 Billion ≈ $329.46 Million |
+14.78% |
| 2019-12-31 | CN¥1.96 Billion ≈ $287.04 Million |
-26.60% |
| 2018-12-31 | CN¥2.67 Billion ≈ $391.08 Million |
+12.25% |
| 2017-12-31 | CN¥2.38 Billion ≈ $348.41 Million |
+31.63% |
| 2016-12-31 | CN¥1.81 Billion ≈ $264.69 Million |
+19.59% |
| 2015-12-31 | CN¥1.51 Billion ≈ $221.34 Million |
+129.83% |
| 2014-12-31 | CN¥658.11 Million ≈ $96.30 Million |
+12.61% |
| 2013-12-31 | CN¥584.39 Million ≈ $85.51 Million |
+18.23% |
| 2012-12-31 | CN¥494.30 Million ≈ $72.33 Million |
+32.88% |
| 2011-12-31 | CN¥372.00 Million ≈ $54.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Ellassay Fashion Co'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 4343.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.27 Billion | 51.14% |
| Common Stock | CN¥369.09 Million | 14.80% |
| Other Comprehensive Income | CN¥162.46 Million | 6.52% |
| Other Components | CN¥686.51 Million | 27.54% |
| Total Equity | CN¥2.49 Billion | 100.00% |
Shenzhen Ellassay Fashion Co Competitors by Market Cap
The table below lists competitors of Shenzhen Ellassay Fashion Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BECE Legend Group Co Ltd
SHE:000803
|
$599.78 Million |
|
Sparebanken Møre
OL:MORG
|
$599.79 Million |
|
Beijing Piesat Information Technology Co Ltd
SHG:688066
|
$599.88 Million |
|
Southern California Bancorp Common Stock
NASDAQ:BCAL
|
$599.99 Million |
|
San Miguel AG
BA:SAMI
|
$599.44 Million |
|
Zhejiang Huada New Materials Co Ltd
SHG:605158
|
$599.44 Million |
|
Xinjiang East Universe Group Gas Co Ltd
SHG:603706
|
$599.42 Million |
|
Haier Smart Home Co Ltd
XETRA:690D
|
$599.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Ellassay Fashion Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,896,375,530 to 2,493,029,360, a change of -403,346,170 (-13.9%).
- Net loss of 309,532,056 reduced equity.
- Dividend payments of 88,572,810 reduced retained earnings.
- Other comprehensive income increased equity by 162,459,653.
- Other factors decreased equity by 167,700,957.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-309.53 Million | -12.42% |
| Dividends Paid | CN¥88.57 Million | -3.55% |
| Other Comprehensive Income | CN¥162.46 Million | +6.52% |
| Other Changes | CN¥-167.70 Million | -6.73% |
| Total Change | CN¥- | -13.93% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Ellassay Fashion Co'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: 1.62x
- 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 6.95x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.60 | CN¥11.10 | x |
| 2012-12-31 | CN¥2.11 | CN¥11.10 | x |
| 2013-12-31 | CN¥2.50 | CN¥11.10 | x |
| 2014-12-31 | CN¥2.81 | CN¥11.10 | x |
| 2015-12-31 | CN¥7.86 | CN¥11.10 | x |
| 2016-12-31 | CN¥7.11 | CN¥11.10 | x |
| 2017-12-31 | CN¥6.24 | CN¥11.10 | x |
| 2018-12-31 | CN¥6.90 | CN¥11.10 | x |
| 2019-12-31 | CN¥5.61 | CN¥11.10 | x |
| 2020-12-31 | CN¥6.64 | CN¥11.10 | x |
| 2021-12-31 | CN¥8.11 | CN¥11.10 | x |
| 2022-12-31 | CN¥7.56 | CN¥11.10 | x |
| 2023-12-31 | CN¥7.95 | CN¥11.10 | x |
| 2024-12-31 | CN¥6.85 | CN¥11.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Ellassay Fashion Co 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): -12.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.20%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.66x
- Recent ROE (-12.42%) is below the historical average (13.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 26.00% | 19.38% | 0.98x | 1.37x | CN¥59.52 Million |
| 2012 | 24.74% | 20.41% | 0.90x | 1.35x | CN¥72.87 Million |
| 2013 | 23.38% | 19.24% | 0.91x | 1.34x | CN¥78.21 Million |
| 2014 | 20.97% | 18.55% | 0.88x | 1.28x | CN¥72.20 Million |
| 2015 | 10.57% | 19.14% | 0.45x | 1.23x | CN¥8.59 Million |
| 2016 | 11.39% | 17.49% | 0.44x | 1.48x | CN¥24.17 Million |
| 2017 | 14.59% | 14.73% | 0.58x | 1.72x | CN¥95.17 Million |
| 2018 | 15.66% | 14.98% | 0.67x | 1.57x | CN¥131.88 Million |
| 2019 | 19.06% | 13.65% | 0.76x | 1.84x | CN¥169.46 Million |
| 2020 | 20.14% | 22.68% | 0.55x | 1.62x | CN¥224.08 Million |
| 2021 | 10.73% | 12.86% | 0.52x | 1.59x | CN¥20.72 Million |
| 2022 | 2.02% | 2.32% | 0.55x | 1.58x | CN¥-219.45 Million |
| 2023 | 3.65% | 3.62% | 0.63x | 1.60x | CN¥-183.99 Million |
| 2024 | -12.42% | -10.20% | 0.73x | 1.66x | CN¥-558.83 Million |
Industry Comparison
This section compares Shenzhen Ellassay Fashion Co'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 |
|---|---|---|---|---|
| Shenzhen Ellassay Fashion Co (603808) | CN¥2.89 Billion | 26.00% | 0.41x | $599.51 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 Shenzhen Ellassay Fashion Co
Shenzhen Ellassay Fashion Co.,Ltd. engages in the research and development, production, and sales of clothing products in China, Hong Kong, Macao, Taiwan, and internationally. The company provides clothing, accessories, underwear, and other, as well as skirts, jackets, coats, and pants for men and women; and women's shoes. It offers its products under the ELLASSAY, Laurel, IRO Paris, Ed Hardy, no… Read more