Comefly Outdoor Co Ltd (603908) - Net Assets
Based on the latest financial reports, Comefly Outdoor Co Ltd (603908) has net assets worth CN¥485.78 Million CNY (≈ $71.08 Million 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¥993.11 Million ≈ $145.32 Million USD) and total liabilities (CN¥507.33 Million ≈ $74.24 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 financial resilience of Comefly Outdoor Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥485.78 Million |
| % of Total Assets | 48.91% |
| Annual Growth Rate | 16.86% |
| 5-Year Change | -0.31% |
| 10-Year Change | 140.95% |
| Growth Volatility | 40.96 |
Comefly Outdoor Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Comefly Outdoor Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Comefly Outdoor Co Ltd (603908) total assets for the complete picture of this company's asset base.
Annual Net Assets for Comefly Outdoor Co Ltd (2011–2025)
The table below shows the annual net assets of Comefly Outdoor Co Ltd from 2011 to 2025. For live valuation and market cap data, see Comefly Outdoor Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥467.09 Million ≈ $68.35 Million |
-17.38% |
| 2024-12-31 | CN¥565.36 Million ≈ $82.73 Million |
-0.33% |
| 2023-12-31 | CN¥567.25 Million ≈ $83.01 Million |
+6.22% |
| 2022-12-31 | CN¥534.05 Million ≈ $78.15 Million |
+13.98% |
| 2021-12-31 | CN¥468.54 Million ≈ $68.56 Million |
+6.50% |
| 2020-12-31 | CN¥439.94 Million ≈ $64.38 Million |
-0.91% |
| 2019-12-31 | CN¥443.98 Million ≈ $64.97 Million |
-2.04% |
| 2018-12-31 | CN¥453.21 Million ≈ $66.32 Million |
+1.76% |
| 2017-12-31 | CN¥445.37 Million ≈ $65.17 Million |
+129.75% |
| 2016-12-31 | CN¥193.85 Million ≈ $28.37 Million |
+13.12% |
| 2015-12-31 | CN¥171.36 Million ≈ $25.08 Million |
+21.00% |
| 2014-12-31 | CN¥141.62 Million ≈ $20.72 Million |
+8.06% |
| 2013-12-31 | CN¥131.06 Million ≈ $19.18 Million |
+19.18% |
| 2012-12-31 | CN¥109.97 Million ≈ $16.09 Million |
+108.49% |
| 2011-12-31 | CN¥52.75 Million ≈ $7.72 Million |
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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 737.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥130.94 Million | 28.03% |
| Other Components | CN¥336.15 Million | 71.97% |
| Total Equity | CN¥467.09 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 |
|---|---|
|
Mikron Holding AG
SW:MIKN
|
$292.27 Million |
|
Colony Bankcorp Inc.
NASDAQ:CBAN
|
$292.30 Million |
|
Iron Horse Acquisitions II Corp. Common Stock
NASDAQ:IRHO
|
$292.32 Million |
|
Global Partner Acquisition II Corp
NASDAQ:GPAC
|
$292.34 Million |
|
Springsnow Food Group Co Ltd
SHG:605567
|
$292.08 Million |
|
Canaan Inc
NASDAQ:CAN
|
$292.07 Million |
|
Opus Genetics, Inc.
NASDAQ:IRD
|
$292.04 Million |
|
Bank of Greece
AT:TELL
|
$292.01 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 2024 to 2025, total equity changed from 565,363,306 to 467,085,836, a change of -98,277,470 (-17.4%).
- Net loss of 34,188,371 reduced equity.
- Dividend payments of 64,744,440 reduced retained earnings.
- Other comprehensive income decreased equity by 57,063,484.
- Other factors increased equity by 57,718,826.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-34.19 Million | -7.32% |
| Dividends Paid | CN¥64.74 Million | -13.86% |
| Other Comprehensive Income | CN¥-57.06 Million | -12.22% |
| Other Changes | CN¥57.72 Million | +12.36% |
| Total Change | CN¥- | -17.38% |
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: 4.27x
- 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 12.23x to 4.27x 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¥21.44 | x |
| 2012-12-31 | CN¥3.00 | CN¥21.44 | x |
| 2013-12-31 | CN¥1.87 | CN¥21.44 | x |
| 2014-12-31 | CN¥2.02 | CN¥21.44 | x |
| 2015-12-31 | CN¥2.44 | CN¥21.44 | x |
| 2016-12-31 | CN¥2.77 | CN¥21.44 | x |
| 2017-12-31 | CN¥5.08 | CN¥21.44 | x |
| 2018-12-31 | CN¥4.87 | CN¥21.44 | x |
| 2019-12-31 | CN¥4.74 | CN¥21.44 | x |
| 2020-12-31 | CN¥4.72 | CN¥21.44 | x |
| 2021-12-31 | CN¥5.02 | CN¥21.44 | x |
| 2022-12-31 | CN¥5.72 | CN¥21.44 | x |
| 2023-12-31 | CN¥6.11 | CN¥21.44 | x |
| 2024-12-31 | CN¥6.07 | CN¥21.44 | x |
| 2025-12-31 | CN¥5.02 | CN¥21.44 | 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): -7.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.38%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 2.16x
- Recent ROE (-7.32%) is below the historical average (20.87%), 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 |
| 2025 | -7.32% | -3.38% | 1.00x | 2.16x | CN¥-80.90 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: $2,630,441,004
- Average return on equity (ROE) among peers: 0.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Comefly Outdoor Co Ltd (603908) | CN¥485.78 Million | 55.92% | 1.04x | $292.17 Million |
| Zhejiang Weixing Industrial Development Co Ltd (002003) | $1.87 Billion | 13.26% | 0.15x | $1.53 Billion |
| Fujian Septwolves Industry Co Ltd (002029) | $5.26 Billion | 5.08% | 0.51x | $912.00 Million |
| Fujian SBS Zipper Science Tech (002098) | $1.13 Billion | 10.49% | 0.29x | $403.90 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $3.32 Billion | 11.03% | 0.46x | $911.84 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $2.84 Billion | -10.74% | 1.33x | $573.55 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.36 Billion | 7.30% | 0.67x | $510.57 Million |
| Cedar Development Co Ltd (002485) | $445.93 Million | 24.89% | 1.15x | $359.02 Million |
| Huasi Agricultural Development Co Ltd (002494) | $1.93 Billion | 0.87% | 0.33x | $309.19 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.85 Billion | 9.69% | 0.18x | $2.21 Billion |
| Zhejiang Busen Garments Co Ltd (002569) | $303.49 Million | -63.53% | 1.17x | $355.72 Million |
About 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.