Comefly Outdoor Co Ltd
Comefly Outdoor Co., Ltd., designs, develops, manufactures and sells camping tents, outdoor clothing, and other outdoor products under the MOBIGARDEN and MOBIGARDENURBAN brands in China. It exports its products to Europe, Australia, New Zealand, Asia, and the United States. Comefly Outdoor Co., Ltd. was incorporated in 2006 and is headquartered in Quzhou, China.
Comefly Outdoor Co Ltd (603908) - Net Assets
Latest net assets as of September 2025: CN¥536.96 Million CNY
Based on the latest financial reports, Comefly Outdoor Co Ltd (603908) has net assets worth CN¥536.96 Million 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¥1.12 Billion) and total liabilities (CN¥583.79 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¥536.96 Million |
| % of Total Assets | 47.91% |
| Annual Growth Rate | 20.01% |
| 5-Year Change | 28.51% |
| 10-Year Change | 229.92% |
| Growth Volatility | 40.97 |
Comefly Outdoor Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Comefly Outdoor Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Comefly Outdoor Co Ltd (2011–2024)
The table below shows the annual net assets of Comefly Outdoor Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥565.36 Million | -0.33% |
| 2023-12-31 | CN¥567.25 Million | +6.22% |
| 2022-12-31 | CN¥534.05 Million | +13.98% |
| 2021-12-31 | CN¥468.54 Million | +6.50% |
| 2020-12-31 | CN¥439.94 Million | -0.91% |
| 2019-12-31 | CN¥443.98 Million | -2.04% |
| 2018-12-31 | CN¥453.21 Million | +1.76% |
| 2017-12-31 | CN¥445.37 Million | +129.75% |
| 2016-12-31 | CN¥193.85 Million | +13.12% |
| 2015-12-31 | CN¥171.36 Million | +21.00% |
| 2014-12-31 | CN¥141.62 Million | +8.06% |
| 2013-12-31 | CN¥131.06 Million | +19.18% |
| 2012-12-31 | CN¥109.97 Million | +108.49% |
| 2011-12-31 | CN¥52.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Comefly Outdoor 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 1344.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥225.82 Million | 39.94% |
| Common Stock | CN¥93.37 Million | 16.51% |
| Other Comprehensive Income | CN¥57.06 Million | 10.09% |
| Other Components | CN¥189.12 Million | 33.45% |
| Total Equity | CN¥565.36 Million | 100.00% |
Comefly Outdoor Co Ltd Competitors by Market Cap
The table below lists competitors of Comefly Outdoor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IQE PLC
PINK:IQEPF
|
$122.86 Million |
|
PAM Transportation Services Inc
NASDAQ:PTSI
|
$122.87 Million |
|
Fortitude Gold Corp
OTCQB:FTCO
|
$122.88 Million |
|
LongDa Construction & Development Corp
TW:5519
|
$122.92 Million |
|
Tus-Design Group Co Ltd Class A
SHE:300500
|
$122.85 Million |
|
462350
KQ:462350
|
$122.85 Million |
|
Sumber Global Energy Tbk Pt
JK:SGER
|
$122.84 Million |
|
SUNDARAM CLAYTON LTD
NSE:SUNCLAY
|
$122.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Comefly Outdoor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 567,245,884 to 565,363,306, a change of -1,882,578 (-0.3%).
- Net income of 83,761,592 contributed positively to equity growth.
- Dividend payments of 85,448,786 reduced retained earnings.
- Other comprehensive income increased equity by 57,063,484.
- Other factors decreased equity by 57,258,868.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥83.76 Million | +14.82% |
| Dividends Paid | CN¥85.45 Million | -15.11% |
| Other Comprehensive Income | CN¥57.06 Million | +10.09% |
| Other Changes | CN¥-57.26 Million | -10.13% |
| Total Change | CN¥- | -0.33% |
Book Value vs Market Value Analysis
This analysis compares Comefly Outdoor 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: 4.11x
- 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 14.26x to 4.11x 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¥1.75 | CN¥24.99 | x |
| 2012-12-31 | CN¥3.00 | CN¥24.99 | x |
| 2013-12-31 | CN¥2.62 | CN¥24.99 | x |
| 2014-12-31 | CN¥2.83 | CN¥24.99 | x |
| 2015-12-31 | CN¥3.41 | CN¥24.99 | x |
| 2016-12-31 | CN¥3.88 | CN¥24.99 | x |
| 2017-12-31 | CN¥7.12 | CN¥24.99 | x |
| 2018-12-31 | CN¥6.82 | CN¥24.99 | x |
| 2019-12-31 | CN¥6.66 | CN¥24.99 | x |
| 2020-12-31 | CN¥6.60 | CN¥24.99 | x |
| 2021-12-31 | CN¥7.03 | CN¥24.99 | x |
| 2022-12-31 | CN¥8.01 | CN¥24.99 | x |
| 2023-12-31 | CN¥8.61 | CN¥24.99 | x |
| 2024-12-31 | CN¥6.07 | CN¥24.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Comefly Outdoor 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): 14.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.42%
- • Asset Turnover: 1.15x
- • Equity Multiplier: 2.01x
- Recent ROE (14.82%) is below the historical average (22.88%), 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 | 55.92% | 9.12% | 1.70x | 3.61x | CN¥24.22 Million |
| 2012 | 31.68% | 11.03% | 1.32x | 2.18x | CN¥23.85 Million |
| 2013 | 35.09% | 11.56% | 1.33x | 2.27x | CN¥32.88 Million |
| 2014 | 24.76% | 8.12% | 1.29x | 2.37x | CN¥20.90 Million |
| 2015 | 31.65% | 11.92% | 1.47x | 1.81x | CN¥37.11 Million |
| 2016 | 24.50% | 11.02% | 1.19x | 1.87x | CN¥28.10 Million |
| 2017 | 11.24% | 9.70% | 0.81x | 1.42x | CN¥5.51 Million |
| 2018 | 9.09% | 7.47% | 0.88x | 1.39x | CN¥-4.13 Million |
| 2019 | 9.19% | 7.70% | 0.81x | 1.47x | CN¥-3.61 Million |
| 2020 | 10.45% | 7.15% | 0.66x | 2.22x | CN¥1.98 Million |
| 2021 | 16.78% | 8.51% | 0.78x | 2.53x | CN¥31.76 Million |
| 2022 | 26.33% | 9.79% | 1.07x | 2.51x | CN¥87.22 Million |
| 2023 | 18.83% | 7.34% | 1.16x | 2.21x | CN¥50.07 Million |
| 2024 | 14.82% | 6.42% | 1.15x | 2.01x | CN¥27.23 Million |
Industry Comparison
This section compares Comefly Outdoor Co Ltd'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 |
|---|---|---|---|---|
| Comefly Outdoor Co Ltd (603908) | CN¥536.96 Million | 55.92% | 1.09x | $122.85 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 |