Anzheng Fashion
Anzheng Fashion Group Co., Ltd. engages in the research and development, production, and brand management of apparel in China. The company sells its products under the JUZUI, IMM Yin Mo, ANZHENG, and MOISSAC brands. Anzheng Fashion Group Co., Ltd. was founded in 1998 and is headquartered in Haining, China.
Anzheng Fashion (603839) - Net Assets
Latest net assets as of September 2025: CN¥1.84 Billion CNY
Based on the latest financial reports, Anzheng Fashion (603839) has net assets worth CN¥1.84 Billion 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¥2.72 Billion) and total liabilities (CN¥880.56 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¥1.84 Billion |
| % of Total Assets | 67.63% |
| Annual Growth Rate | 10.14% |
| 5-Year Change | -37.45% |
| 10-Year Change | 65.66% |
| Growth Volatility | 28.66 |
Anzheng Fashion - Net Assets Trend (2011–2024)
This chart illustrates how Anzheng Fashion's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Anzheng Fashion (2011–2024)
The table below shows the annual net assets of Anzheng Fashion from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.89 Billion | -8.20% |
| 2023-12-31 | CN¥2.06 Billion | -10.59% |
| 2022-12-31 | CN¥2.31 Billion | -20.65% |
| 2021-12-31 | CN¥2.91 Billion | -3.96% |
| 2020-12-31 | CN¥3.03 Billion | +4.23% |
| 2019-12-31 | CN¥2.90 Billion | +4.13% |
| 2018-12-31 | CN¥2.79 Billion | +8.45% |
| 2017-12-31 | CN¥2.57 Billion | +100.50% |
| 2016-12-31 | CN¥1.28 Billion | +12.21% |
| 2015-12-31 | CN¥1.14 Billion | +14.93% |
| 2014-12-31 | CN¥994.54 Million | +13.97% |
| 2013-12-31 | CN¥872.67 Million | +25.19% |
| 2012-12-31 | CN¥697.06 Million | +29.21% |
| 2011-12-31 | CN¥539.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Anzheng Fashion'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 decreased by 9.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥391.63 Million | 21.04% |
| Common Stock | CN¥399.21 Million | 21.44% |
| Other Comprehensive Income | CN¥1.27 Million | 0.07% |
| Other Components | CN¥1.07 Billion | 57.45% |
| Total Equity | CN¥1.86 Billion | 100.00% |
Anzheng Fashion Competitors by Market Cap
The table below lists competitors of Anzheng Fashion ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SPEEDY HIRE LS-05
F:5HN
|
$103.62 Million |
|
KMC (Kuei Meng) International Inc
TW:5306
|
$103.65 Million |
|
Cint Group AB
ST:CINT
|
$103.66 Million |
|
Aimia Inc
PINK:AIMFF
|
$103.68 Million |
|
Daedong Ind
KO:000490
|
$103.59 Million |
|
Carasent ASA
ST:CARA
|
$103.55 Million |
|
Vivotek Inc
TW:3454
|
$103.53 Million |
|
Thejo Engineering Limited
NSE:THEJO
|
$103.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anzheng Fashion's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,044,490,276 to 1,861,766,185, a change of -182,724,091 (-8.9%).
- Net loss of 123,953,595 reduced equity.
- Dividend payments of 44,765,378 reduced retained earnings.
- Share repurchases of 10,202,360 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-123.95 Million | -6.66% |
| Dividends Paid | CN¥44.77 Million | -2.4% |
| Share Repurchases | CN¥10.20 Million | -0.55% |
| Other Changes | CN¥-3.80 Million | -0.2% |
| Total Change | CN¥- | -8.94% |
Book Value vs Market Value Analysis
This analysis compares Anzheng Fashion'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: 1.60x
- 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 4.20x to 1.60x 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¥1.83 | CN¥7.71 | x |
| 2012-12-31 | CN¥2.35 | CN¥7.71 | x |
| 2013-12-31 | CN¥2.92 | CN¥7.71 | x |
| 2014-12-31 | CN¥3.32 | CN¥7.71 | x |
| 2015-12-31 | CN¥3.82 | CN¥7.71 | x |
| 2016-12-31 | CN¥4.27 | CN¥7.71 | x |
| 2017-12-31 | CN¥6.69 | CN¥7.71 | x |
| 2018-12-31 | CN¥6.83 | CN¥7.71 | x |
| 2019-12-31 | CN¥7.06 | CN¥7.71 | x |
| 2020-12-31 | CN¥6.94 | CN¥7.71 | x |
| 2021-12-31 | CN¥6.81 | CN¥7.71 | x |
| 2022-12-31 | CN¥5.38 | CN¥7.71 | x |
| 2023-12-31 | CN¥5.25 | CN¥7.71 | x |
| 2024-12-31 | CN¥4.81 | CN¥7.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anzheng Fashion 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): -6.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.09%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.43x
- Recent ROE (-6.66%) is below the historical average (13.21%), 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 | 39.33% | 25.63% | 1.05x | 1.46x | CN¥158.24 Million |
| 2012 | 35.57% | 24.56% | 1.05x | 1.37x | CN¥178.20 Million |
| 2013 | 28.87% | 22.09% | 0.89x | 1.46x | CN¥164.69 Million |
| 2014 | 23.01% | 19.52% | 0.79x | 1.48x | CN¥129.35 Million |
| 2015 | 21.33% | 19.91% | 0.75x | 1.42x | CN¥129.56 Million |
| 2016 | 18.40% | 19.57% | 0.68x | 1.39x | CN¥107.78 Million |
| 2017 | 10.62% | 19.22% | 0.45x | 1.23x | CN¥15.90 Million |
| 2018 | 10.25% | 17.05% | 0.45x | 1.35x | CN¥6.90 Million |
| 2019 | 10.77% | 12.42% | 0.62x | 1.41x | CN¥21.68 Million |
| 2020 | 7.20% | 5.50% | 0.76x | 1.72x | CN¥-76.66 Million |
| 2021 | 2.64% | 2.27% | 0.79x | 1.48x | CN¥-194.16 Million |
| 2022 | -18.64% | -17.10% | 0.74x | 1.47x | CN¥-594.66 Million |
| 2023 | 2.29% | 2.16% | 0.80x | 1.33x | CN¥-157.68 Million |
| 2024 | -6.66% | -6.09% | 0.76x | 1.43x | CN¥-310.13 Million |
Industry Comparison
This section compares Anzheng Fashion's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,325,523,488
- Average return on equity (ROE) among peers: 10.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anzheng Fashion (603839) | CN¥1.84 Billion | 39.33% | 0.48x | $103.61 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.69 Billion | 10.00% | 0.41x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $451.05 Million | 7.04% | 5.02x | $376.25 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.35 Billion | 5.95% | 0.28x | $265.95 Million |
| Cedar Development Co Ltd (002485) | $1.98 Billion | 0.38% | 0.24x | $115.45 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |