Jason Furniture(Hangzhou) (603816) - Net Assets
Based on the latest financial reports, Jason Furniture(Hangzhou) (603816) has net assets worth CN¥10.64 Billion CNY (≈ $1.56 Billion 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¥17.66 Billion ≈ $2.58 Billion USD) and total liabilities (CN¥7.02 Billion ≈ $1.03 Billion 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 Jason Furniture(Hangzhou) (603816) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.64 Billion |
| % of Total Assets | 60.23% |
| Annual Growth Rate | 24.75% |
| 5-Year Change | 42.0% |
| 10-Year Change | 872.72% |
| Growth Volatility | 58.41 |
Jason Furniture(Hangzhou) - Net Assets Trend (2011–2024)
This chart illustrates how Jason Furniture(Hangzhou)'s net assets have evolved over time, based on quarterly financial data. Also explore 603816 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Jason Furniture(Hangzhou) (2011–2024)
The table below shows the annual net assets of Jason Furniture(Hangzhou) from 2011 to 2024. For live valuation and market cap data, see market cap of Jason Furniture(Hangzhou).
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.09 Billion ≈ $1.48 Billion |
+3.01% |
| 2023-12-31 | CN¥9.79 Billion ≈ $1.43 Billion |
+7.92% |
| 2022-12-31 | CN¥9.07 Billion ≈ $1.33 Billion |
+7.98% |
| 2021-12-31 | CN¥8.40 Billion ≈ $1.23 Billion |
+18.29% |
| 2020-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+12.75% |
| 2019-12-31 | CN¥6.30 Billion ≈ $921.97 Million |
+25.74% |
| 2018-12-31 | CN¥5.01 Billion ≈ $733.22 Million |
+24.45% |
| 2017-12-31 | CN¥4.03 Billion ≈ $589.15 Million |
+16.74% |
| 2016-12-31 | CN¥3.45 Billion ≈ $504.69 Million |
+232.58% |
| 2015-12-31 | CN¥1.04 Billion ≈ $151.75 Million |
+3.25% |
| 2014-12-31 | CN¥1.00 Billion ≈ $146.97 Million |
+15.49% |
| 2013-12-31 | CN¥869.66 Million ≈ $127.26 Million |
+22.67% |
| 2012-12-31 | CN¥708.93 Million ≈ $103.74 Million |
+24.67% |
| 2011-12-31 | CN¥568.67 Million ≈ $83.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jason Furniture(Hangzhou)'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 5402.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.90 Billion | 59.96% |
| Common Stock | CN¥821.89 Million | 8.35% |
| Other Components | CN¥3.12 Billion | 31.70% |
| Total Equity | CN¥9.84 Billion | 100.00% |
Jason Furniture(Hangzhou) Competitors by Market Cap
The table below lists competitors of Jason Furniture(Hangzhou) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Godrej Industries Limited
NSE:GODREJIND
|
$3.49 Billion |
|
CIE Automotive S.A.
MC:CIE
|
$3.50 Billion |
|
Seek Ltd
AU:SEK
|
$3.50 Billion |
|
Norte Grande
SN:NORTEGRAN
|
$3.50 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$3.49 Billion |
|
Jiangsu Aucksun Co Ltd
SHE:002245
|
$3.49 Billion |
|
Signet Jewelers Ltd
NYSE:SIG
|
$3.49 Billion |
|
CommVault Systems Inc
NASDAQ:CVLT
|
$3.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jason Furniture(Hangzhou)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,608,434,186 to 9,844,875,006, a change of 236,440,820 (2.5%).
- Net income of 1,416,539,580 contributed positively to equity growth.
- Dividend payments of 1,115,313,377 reduced retained earnings.
- Share repurchases of 46,052,357 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.42 Billion | +14.39% |
| Dividends Paid | CN¥1.12 Billion | -11.33% |
| Share Repurchases | CN¥46.05 Million | -0.47% |
| Other Changes | CN¥-18.73 Million | -0.19% |
| Total Change | CN¥- | 2.46% |
Book Value vs Market Value Analysis
This analysis compares Jason Furniture(Hangzhou)'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: 2.40x
- 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 23.59x to 2.40x 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¥1.23 | CN¥29.04 | x |
| 2012-12-31 | CN¥1.18 | CN¥29.04 | x |
| 2013-12-31 | CN¥1.45 | CN¥29.04 | x |
| 2014-12-31 | CN¥1.66 | CN¥29.04 | x |
| 2015-12-31 | CN¥1.71 | CN¥29.04 | x |
| 2016-12-31 | CN¥5.49 | CN¥29.04 | x |
| 2017-12-31 | CN¥5.32 | CN¥29.04 | x |
| 2018-12-31 | CN¥6.11 | CN¥29.04 | x |
| 2019-12-31 | CN¥7.71 | CN¥29.04 | x |
| 2020-12-31 | CN¥8.52 | CN¥29.04 | x |
| 2021-12-31 | CN¥9.76 | CN¥29.04 | x |
| 2022-12-31 | CN¥10.81 | CN¥29.04 | x |
| 2023-12-31 | CN¥11.69 | CN¥29.04 | x |
| 2024-12-31 | CN¥12.09 | CN¥29.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jason Furniture(Hangzhou) 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): 14.39%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.67%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.78x
- Recent ROE (14.39%) is below the historical average (29.46%), 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 | 66.04% | 18.21% | 1.64x | 2.21x | CN¥318.70 Million |
| 2012 | 41.90% | 14.02% | 1.54x | 1.93x | CN¥226.13 Million |
| 2013 | 46.32% | 15.05% | 1.68x | 1.84x | CN¥316.49 Million |
| 2014 | 42.63% | 13.10% | 1.57x | 2.08x | CN¥324.81 Million |
| 2015 | 48.42% | 13.52% | 1.55x | 2.30x | CN¥395.40 Million |
| 2016 | 16.73% | 11.99% | 0.92x | 1.52x | CN¥231.30 Million |
| 2017 | 20.56% | 12.34% | 1.02x | 1.64x | CN¥422.49 Million |
| 2018 | 21.15% | 10.79% | 0.87x | 2.24x | CN¥521.61 Million |
| 2019 | 19.66% | 10.47% | 0.90x | 2.08x | CN¥570.54 Million |
| 2020 | 12.54% | 6.68% | 0.97x | 1.93x | CN¥171.49 Million |
| 2021 | 20.76% | 9.07% | 1.15x | 1.99x | CN¥862.58 Million |
| 2022 | 20.40% | 10.06% | 1.12x | 1.81x | CN¥923.91 Million |
| 2023 | 20.88% | 10.44% | 1.14x | 1.75x | CN¥1.05 Billion |
| 2024 | 14.39% | 7.67% | 1.06x | 1.78x | CN¥432.05 Million |
Industry Comparison
This section compares Jason Furniture(Hangzhou)'s net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $15,965,770,687
- Average return on equity (ROE) among peers: 11.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jason Furniture(Hangzhou) (603816) | CN¥10.64 Billion | 66.04% | 0.66x | $3.49 Billion |
| Midea Group Co Ltd (000333) | $92.45 Billion | 21.88% | 1.85x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $3.44 Billion | 8.57% | 1.62x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $54.92 Billion | 28.15% | 2.32x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $1.16 Billion | 19.56% | 5.58x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $387.30 Million | 18.55% | 0.96x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $1.95 Billion | -30.92% | 1.09x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $214.02 Million | 35.73% | 1.69x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $3.34 Billion | 6.21% | 0.96x | $730.59 Million |
| CNlight Co Ltd (002076) | $1.00 Billion | 5.66% | 0.43x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $789.47 Million | 4.48% | 1.12x | $364.92 Million |
About Jason Furniture(Hangzhou)
Jason Furniture (Hangzhou) Co.,Ltd. engages in the design, development, production, and marketing of home furnishing products in China and internationally. The company offers sofas, beds, dining tables, chairs, coffee tables, and related parts and accessories under the KUKA HOME brand name. It sells its products through dealers, stores, online, bulk business, and other channels. The company was f… Read more