Zhejiang Sunrise Garment Group Co Ltd (605138) - Net Assets
Based on the latest financial reports, Zhejiang Sunrise Garment Group Co Ltd (605138) has net assets worth CN¥2.70 Billion CNY (≈ $395.03 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¥6.87 Billion ≈ $1.00 Billion USD) and total liabilities (CN¥4.17 Billion ≈ $609.97 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 Zhejiang Sunrise Garment Group Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.70 Billion |
| % of Total Assets | 39.31% |
| Annual Growth Rate | 15.53% |
| 5-Year Change | 79.86% |
| 10-Year Change | N/A |
| Growth Volatility | 14.39 |
Zhejiang Sunrise Garment Group Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Sunrise Garment Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Sunrise Garment Group Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Sunrise Garment Group Co Ltd (2017–2024)
The table below shows the annual net assets of Zhejiang Sunrise Garment Group Co Ltd from 2017 to 2024. For live valuation and market cap data, see 605138 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.66 Billion ≈ $388.94 Million |
-5.52% |
| 2023-12-31 | CN¥2.81 Billion ≈ $411.67 Million |
+6.35% |
| 2022-12-31 | CN¥2.65 Billion ≈ $387.10 Million |
+24.67% |
| 2021-12-31 | CN¥2.12 Billion ≈ $310.49 Million |
+43.58% |
| 2020-12-31 | CN¥1.48 Billion ≈ $216.25 Million |
+9.11% |
| 2019-12-31 | CN¥1.35 Billion ≈ $198.18 Million |
+18.02% |
| 2018-12-31 | CN¥1.15 Billion ≈ $167.93 Million |
+18.65% |
| 2017-12-31 | CN¥967.23 Million ≈ $141.54 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Sunrise Garment Group 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 214.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.28 Billion | 50.06% |
| Other Components | CN¥1.27 Billion | 49.94% |
| Total Equity | CN¥2.55 Billion | 100.00% |
Zhejiang Sunrise Garment Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Sunrise Garment Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aubay Société Anonyme
PA:AUB
|
$626.10 Million |
|
Xiamen Savings Environmental
SHE:300056
|
$626.14 Million |
|
DATAGROUP SE
F:D6H
|
$626.25 Million |
|
Guangdong Xiongsu Technology Group Co Ltd
SHE:300599
|
$626.25 Million |
|
Zhongjin Irradiation Incorporated Company
SHE:300962
|
$625.83 Million |
|
Dap Gayrimenkul Gelistirme AS
IS:DAPGM
|
$625.58 Million |
|
Shenzhen Asiantime International Construction Co Ltd
SHE:002811
|
$625.51 Million |
|
S.J.S. Enterprises Limited
NSE:SJS
|
$625.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Sunrise Garment Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,607,838,824 to 2,549,879,604, a change of -57,959,220 (-2.2%).
- Net income of 46,649,478 contributed positively to equity growth.
- Dividend payments of 181,350,847 reduced retained earnings.
- Other factors increased equity by 76,742,148.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥46.65 Million | +1.83% |
| Dividends Paid | CN¥181.35 Million | -7.11% |
| Other Changes | CN¥76.74 Million | +3.01% |
| Total Change | CN¥- | -2.22% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Sunrise Garment Group 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: 1.68x
- 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 4.04x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.90 | CN¥7.70 | x |
| 2018-12-31 | CN¥2.26 | CN¥7.70 | x |
| 2019-12-31 | CN¥2.66 | CN¥7.70 | x |
| 2020-12-31 | CN¥2.88 | CN¥7.70 | x |
| 2021-12-31 | CN¥4.01 | CN¥7.70 | x |
| 2022-12-31 | CN¥4.52 | CN¥7.70 | x |
| 2023-12-31 | CN¥4.69 | CN¥7.70 | x |
| 2024-12-31 | CN¥4.59 | CN¥7.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Sunrise Garment Group 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): 1.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.27%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.58x
- Recent ROE (1.83%) is below the historical average (13.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.60% | 2.63% | 1.11x | 4.29x | CN¥25.09 Million |
| 2018 | 20.81% | 4.44% | 1.12x | 4.18x | CN¥122.11 Million |
| 2019 | 20.34% | 4.83% | 1.15x | 3.67x | CN¥136.62 Million |
| 2020 | 20.45% | 6.23% | 0.98x | 3.37x | CN¥149.75 Million |
| 2021 | 14.20% | 5.65% | 0.86x | 2.91x | CN¥86.18 Million |
| 2022 | 14.81% | 6.30% | 0.81x | 2.89x | CN¥122.22 Million |
| 2023 | 4.00% | 2.24% | 0.63x | 2.82x | CN¥-156.41 Million |
| 2024 | 1.83% | 1.27% | 0.56x | 2.58x | CN¥-208.34 Million |
Industry Comparison
This section compares Zhejiang Sunrise Garment Group Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,330,114,933
- Average return on equity (ROE) among peers: -0.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Sunrise Garment Group Co Ltd (605138) | CN¥2.70 Billion | 12.60% | 1.54x | $625.99 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $4.24 Billion | 2.11% | 0.24x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.44 Billion | 0.72% | 1.36x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $602.42 Million | 1.65% | 4.73x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $9.82 Billion | 4.18% | 0.42x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.77 Billion | 10.08% | 0.61x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $5.45 Billion | -0.77% | 1.20x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $656.03 Million | -11.72% | 0.66x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $218.05 Million | -26.65% | 0.95x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.69 Billion | 5.72% | 0.20x | $368.59 Million |
About Zhejiang Sunrise Garment Group Co Ltd
Sunrise Manufacture Group Co., Ltd. engages in the production and sale of textile fabrics and garments in China, Vietnam, Cambodia, and internationally. The company operates through Yarn, Fabric, Garment, and Others segment. It produces and sells knitted garments, woven garments, knitted fabrics, woven fabrics, and yarns. The company also engages in the cotton planting, spinning, fabrics, dyeing … Read more