Jason Furniture(Hangzhou) (603816) - Net Assets

Latest as of March 2026: CN¥11.40 Billion CNY ≈ $1.67 Billion USD

Based on the latest financial reports, Jason Furniture(Hangzhou) (603816) has net assets worth CN¥11.40 Billion CNY (≈ $1.67 Billion 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¥18.96 Billion ≈ $2.77 Billion USD) and total liabilities (CN¥7.56 Billion ≈ $1.11 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. Also explore 603816 current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥11.40 Billion
% of Total Assets	60.13%
Annual Growth Rate	23.48%
5-Year Change	29.67%
10-Year Change	215.92%
Growth Volatility	56.62

Jason Furniture(Hangzhou) - Net Assets Trend (2011–2025)

This chart illustrates how Jason Furniture(Hangzhou)'s net assets have evolved over time, based on quarterly financial data. Check how tangible is Jason Furniture(Hangzhou)'s equity to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Jason Furniture(Hangzhou) (2011–2025)

The table below shows the annual net assets of Jason Furniture(Hangzhou) from 2011 to 2025. For live valuation and market cap data, see market value of Jason Furniture(Hangzhou).

Year	Net Assets	Change
2025-12-31	CN¥10.90 Billion ≈ $1.59 Billion	+8.01%
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	--

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 5994.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.54 Billion	61.76%
Other Components	CN¥4.05 Billion	38.24%
Total Equity	CN¥10.59 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
Shanghai Moons' Elec Co Ltd SHG:603728	$3.03 Billion
Central Bank of India NSE:CENTRALBK	$3.03 Billion
Liberty Oilfield Services Inc NYSE:LBRT	$3.03 Billion
Cinemark Holdings Inc NYSE:CNK	$3.03 Billion
Sinch AB ST:SINCH	$3.03 Billion
KAR Auction Services Inc NYSE:KAR	$3.03 Billion
Shanxi Taigang Stainless Steel Co Ltd SHE:000825	$3.03 Billion
Gerdau S.A SA:GGBR3	$3.02 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 2024 to 2025, total equity changed from 9,844,875,006 to 10,586,965,482, a change of 742,090,476 (7.5%).
Net income of 1,790,044,943 contributed positively to equity growth.
Dividend payments of 1,087,727,646 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.79 Billion	+16.91%
Dividends Paid	CN¥1.09 Billion	-10.27%
Other Changes	CN¥39.77 Million	+0.38%
Total Change	CN¥-	7.54%

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: 1.96x
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 20.47x to 1.96x 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¥25.20	x
2012-12-31	CN¥1.18	CN¥25.20	x
2013-12-31	CN¥1.45	CN¥25.20	x
2014-12-31	CN¥1.66	CN¥25.20	x
2015-12-31	CN¥1.71	CN¥25.20	x
2016-12-31	CN¥5.49	CN¥25.20	x
2017-12-31	CN¥5.32	CN¥25.20	x
2018-12-31	CN¥6.11	CN¥25.20	x
2019-12-31	CN¥7.71	CN¥25.20	x
2020-12-31	CN¥8.52	CN¥25.20	x
2021-12-31	CN¥9.76	CN¥25.20	x
2022-12-31	CN¥10.81	CN¥25.20	x
2023-12-31	CN¥11.69	CN¥25.20	x
2024-12-31	CN¥12.09	CN¥25.20	x
2025-12-31	CN¥12.89	CN¥25.20	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): 16.91%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.93%
• Asset Turnover: 1.05x
• Equity Multiplier: 1.80x
Recent ROE (16.91%) is below the historical average (28.62%), 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
2025	16.91%	8.93%	1.05x	1.80x	CN¥731.35 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: $12,126,694,367
Average return on equity (ROE) among peers: 14.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jason Furniture(Hangzhou) (603816)	CN¥11.40 Billion	66.04%	0.66x	$3.03 Billion
Midea Group Co Ltd (000333)	$82.93 Billion	20.84%	1.99x	$89.08 Billion
Changhong Meiling Co Ltd (000521)	$6.19 Billion	11.96%	2.13x	$642.55 Million
Gree Electric Appliances Inc of Zhuhai (000651)	$1.65 Billion	15.13%	2.51x	$34.67 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921)	$19.40 Billion	14.63%	2.40x	$3.71 Billion
Suncha Technology Co Ltd (001211)	$477.06 Million	18.82%	0.71x	$198.71 Million
Elec-Tech International Co Ltd (002005)	$2.41 Billion	8.12%	1.10x	$569.29 Million
Zhejiang Supor Co Ltd (002032)	$3.09 Billion	15.37%	0.42x	$5.11 Billion
Vatti Corp Ltd (002035)	$2.67 Billion	25.31%	0.98x	$601.59 Million
CNlight Co Ltd (002076)	$401.07 Million	3.08%	0.32x	$313.24 Million
Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084)	$2.04 Billion	7.44%	0.96x	$329.94 Million

About Jason Furniture(Hangzhou)

SHG:603816 China Furnishings, Fixtures & Appliances

Market Cap

$3.03 Billion

CN¥20.70 Billion CNY

Market Cap Rank

#4805 Global

#793 in China

Share Price

CN¥25.20

Change (1 day)

-2.36%

52-Week Range

CN¥21.85 - CN¥36.75

All Time High

CN¥64.81