Harson Trading China Co Ltd (603958) - Net Assets
Based on the latest financial reports, Harson Trading China Co Ltd (603958) has net assets worth CN¥835.34 Million CNY (≈ $122.24 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.78 Billion ≈ $259.84 Million USD) and total liabilities (CN¥940.35 Million ≈ $137.60 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 how resilient are Harson Trading China Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥835.34 Million |
| % of Total Assets | 47.04% |
| Annual Growth Rate | 8.7% |
| 5-Year Change | -14.91% |
| 10-Year Change | 25.69% |
| Growth Volatility | 25.1 |
Harson Trading China Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Harson Trading China Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Harson Trading China Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Harson Trading China Co Ltd (2011–2024)
The table below shows the annual net assets of Harson Trading China Co Ltd from 2011 to 2024. For live valuation and market cap data, see Harson Trading China Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥828.29 Million ≈ $121.20 Million |
+1.81% |
| 2023-12-31 | CN¥813.59 Million ≈ $119.05 Million |
0.00% |
| 2022-12-31 | CN¥813.62 Million ≈ $119.06 Million |
-14.73% |
| 2021-12-31 | CN¥954.17 Million ≈ $139.63 Million |
-1.97% |
| 2020-12-31 | CN¥973.39 Million ≈ $142.44 Million |
-5.25% |
| 2019-12-31 | CN¥1.03 Billion ≈ $150.32 Million |
+0.72% |
| 2018-12-31 | CN¥1.02 Billion ≈ $149.25 Million |
-10.83% |
| 2017-12-31 | CN¥1.14 Billion ≈ $167.38 Million |
-3.50% |
| 2016-12-31 | CN¥1.19 Billion ≈ $173.44 Million |
+79.86% |
| 2015-12-31 | CN¥658.99 Million ≈ $96.43 Million |
+19.21% |
| 2014-12-31 | CN¥552.80 Million ≈ $80.89 Million |
+10.98% |
| 2013-12-31 | CN¥498.12 Million ≈ $72.89 Million |
+22.80% |
| 2012-12-31 | CN¥405.62 Million ≈ $59.36 Million |
+44.91% |
| 2011-12-31 | CN¥279.92 Million ≈ $40.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Harson Trading China 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 decreased by 301.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥767.19 Million | 108.51% |
| Total Equity | CN¥706.99 Million | 100.00% |
Harson Trading China Co Ltd Competitors by Market Cap
The table below lists competitors of Harson Trading China Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Haihua Co Ltd
SHE:000822
|
$779.33 Million |
|
Greencoat Renewables PLC
IR:GRP
|
$779.33 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$779.39 Million |
|
Westlake Chemical Partners LP
NYSE:WLKP
|
$779.64 Million |
|
Guangdong Silvere Sci and Tech
SHE:300221
|
$778.52 Million |
|
Beijing North Star Co Ltd Class A
SHG:601588
|
$778.48 Million |
|
ShuYu Civilian Pharmacy Corp. Ltd.
SHE:301017
|
$778.12 Million |
|
Wuhan Hvsen Biotechnology Co Ltd
SHE:300871
|
$778.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harson Trading China Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 803,396,072 to 706,988,627, a change of -96,407,444 (-12.0%).
- Net loss of 96,407,444 reduced equity.
- Dividend payments of 2,109,199 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-96.41 Million | -13.64% |
| Dividends Paid | CN¥2.11 Million | -0.3% |
| Other Changes | CN¥2.11 Million | +0.3% |
| Total Change | CN¥- | -12.00% |
Book Value vs Market Value Analysis
This analysis compares Harson Trading China 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: 7.53x
- 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 increased from 4.66x to 7.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.21 | CN¥24.26 | x |
| 2018-12-31 | CN¥4.61 | CN¥24.26 | x |
| 2019-12-31 | CN¥4.71 | CN¥24.26 | x |
| 2020-12-31 | CN¥4.48 | CN¥24.26 | x |
| 2021-12-31 | CN¥4.31 | CN¥24.26 | x |
| 2022-12-31 | CN¥3.66 | CN¥24.26 | x |
| 2023-12-31 | CN¥3.63 | CN¥24.26 | x |
| 2024-12-31 | CN¥3.22 | CN¥24.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harson Trading China 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): -13.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.74%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.52x
- Recent ROE (-13.64%) is below the historical average (-1.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 18.59% | 6.14% | 1.58x | 1.91x | CN¥55.03 Million |
| 2016 | 6.88% | 4.78% | 1.13x | 1.27x | CN¥-36.57 Million |
| 2017 | 1.60% | 1.21% | 1.04x | 1.27x | CN¥-95.06 Million |
| 2018 | -6.16% | -4.63% | 1.02x | 1.30x | CN¥-163.71 Million |
| 2019 | 0.92% | 0.77% | 0.97x | 1.24x | CN¥-92.88 Million |
| 2020 | -4.47% | -4.88% | 0.77x | 1.19x | CN¥-140.87 Million |
| 2021 | -2.11% | -2.03% | 0.85x | 1.22x | CN¥-115.51 Million |
| 2022 | -19.25% | -20.40% | 0.74x | 1.28x | CN¥-237.31 Million |
| 2023 | -0.66% | -0.66% | 0.84x | 1.21x | CN¥-85.67 Million |
| 2024 | -13.64% | -11.74% | 0.46x | 2.52x | CN¥-167.11 Million |
Industry Comparison
This section compares Harson Trading China Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,741,102,949
- Average return on equity (ROE) among peers: 14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harson Trading China Co Ltd (603958) | CN¥835.34 Million | 18.59% | 1.13x | $778.73 Million |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $852.36 Million | 3.55% | 0.56x | $791.62 Million |
| Anhui ANLI Artificial Leather (300218) | $1.56 Billion | 12.42% | 0.54x | $485.17 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $513.81 Million | 5.34% | 0.41x | $491.18 Million |
| Anhui Korrun Co Ltd (300577) | $111.60 Million | 20.42% | 1.59x | $744.03 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $281.05 Million | 13.17% | 1.53x | $470.15 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $275.47 Million | 30.89% | 0.52x | $562.26 Million |
| Huali Industrial Group Company Limited (300979) | $5.74 Billion | 32.72% | 0.70x | $6.51 Billion |
| Zhejiang Aokang Shoes Co Ltd (603001) | $3.72 Billion | 7.37% | 0.28x | $482.90 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.48 Billion | 10.96% | 0.33x | $549.74 Million |
| Topscore Fashion (603608) | $871.43 Million | 11.97% | 0.62x | $808.87 Million |
About Harson Trading China Co Ltd
Harson Trading (China) Co.,Ltd. engages in the design, development, production, and wholesale of leather products in China and internationally. It offers shoes, bags, clothing products, and accessories. The company was founded in 2006 and is based in Kunshan, China. Harson Trading (China) Co.,Ltd. is a subsidiary of Zhenxing International Co., Ltd.