Wedge Industrial Co Ltd (000534) - Net Assets

Latest as of September 2025: CN¥1.74 Billion CNY ≈ $254.65 Million USD

Based on the latest financial reports, Wedge Industrial Co Ltd (000534) has net assets worth CN¥1.74 Billion CNY (≈ $254.65 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.35 Billion ≈ $636.73 Million USD) and total liabilities (CN¥2.61 Billion ≈ $382.08 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. Explore 000534 operating cash flow to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥1.74 Billion
% of Total Assets 39.99%
Annual Growth Rate N/A
5-Year Change 56.23%
10-Year Change -6.55%
Growth Volatility 20.79

Wedge Industrial Co Ltd - Net Assets Trend (1991–2024)

This chart illustrates how Wedge Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore 000534 long-term asset investment ratio to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Wedge Industrial Co Ltd (1991–2024)

The table below shows the annual net assets of Wedge Industrial Co Ltd from 1991 to 2024. For live valuation and market cap data, see Wedge Industrial Co Ltd market capitalisation.

Year Net Assets Change
2024-12-31 CN¥1.55 Billion
≈ $226.73 Million		 +18.76%
2023-12-31 CN¥1.30 Billion
≈ $190.91 Million		 +5.20%
2022-12-31 CN¥1.24 Billion
≈ $181.48 Million		 +12.80%
2021-12-31 CN¥1.10 Billion
≈ $160.89 Million		 +10.87%
2020-12-31 CN¥991.73 Million
≈ $145.12 Million		 +4.64%
2019-12-31 CN¥947.71 Million
≈ $138.68 Million		 -38.32%
2018-12-31 CN¥1.54 Billion
≈ $224.84 Million		 -0.60%
2017-12-31 CN¥1.55 Billion
≈ $226.19 Million		 +9.97%
2016-12-31 CN¥1.41 Billion
≈ $205.68 Million		 -15.22%
2015-12-31 CN¥1.66 Billion
≈ $242.61 Million		 +1.70%
2014-12-31 CN¥1.63 Billion
≈ $238.55 Million		 +26.13%
2013-12-31 CN¥1.29 Billion
≈ $189.14 Million		 +12.35%
2012-12-31 CN¥1.15 Billion
≈ $168.35 Million		 +78.69%
2011-12-31 CN¥643.84 Million
≈ $94.21 Million		 -1.66%
2010-12-31 CN¥654.70 Million
≈ $95.80 Million		 +0.09%
2009-12-31 CN¥654.08 Million
≈ $95.71 Million		 -5.49%
2008-12-31 CN¥692.08 Million
≈ $101.27 Million		 -9.04%
2007-12-31 CN¥760.85 Million
≈ $111.34 Million		 +26.77%
2006-12-31 CN¥600.19 Million
≈ $87.83 Million		 +8.55%
2005-12-31 CN¥552.92 Million
≈ $80.91 Million		 +0.39%
2004-12-31 CN¥550.78 Million
≈ $80.60 Million		 -3.34%
2003-12-31 CN¥569.81 Million
≈ $83.38 Million		 +3.29%
2002-12-31 CN¥551.68 Million
≈ $80.73 Million		 +0.46%
2001-12-31 CN¥549.14 Million
≈ $80.36 Million		 +1.19%
2000-12-31 CN¥542.70 Million
≈ $79.41 Million		 -1.07%
1999-12-31 CN¥548.58 Million
≈ $80.27 Million		 -8.06%
1998-12-31 CN¥596.67 Million
≈ $87.31 Million		 +5.83%
1997-12-31 CN¥563.79 Million
≈ $82.50 Million		 +4.06%
1996-12-31 CN¥541.80 Million
≈ $79.28 Million		 +3.37%
1995-12-31 CN¥524.15 Million
≈ $76.70 Million		 -2.59%
1994-12-31 CN¥538.07 Million
≈ $78.74 Million		 +6.36%
1993-12-31 CN¥505.90 Million
≈ $74.03 Million		 +69.36%
1992-12-31 CN¥298.72 Million
≈ $43.71 Million		 --
1991-12-31 CN¥0.00
≈ $0.00		 --

Equity Component Analysis

This analysis shows how different components contribute to Wedge Industrial 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 93719874300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥937.20 Million 68.86%
Common Stock CN¥510.12 Million 37.48%
Total Equity CN¥1.36 Billion 100.00%

Wedge Industrial Co Ltd Competitors by Market Cap

The table below lists competitors of Wedge Industrial Co Ltd ranked by their market capitalization.

Company Market Cap
Banque Cantonale du Valais
SW:WKBN
 $2.48 Billion
Beijing Orient Landscape Co Ltd
SHE:002310
 $2.48 Billion
Artois Nom.
PA:ARTO
 $2.48 Billion
BB Biotech AG
SW:BION
 $2.48 Billion
TMC the metals company Inc
NASDAQ:TMC
 $2.47 Billion
Cyfrowy Polsat SA
WAR:CPS
 $2.47 Billion
Zhongfu Straits Pingtan Development Co Ltd
SHE:000592
 $2.47 Billion
Viva Energy Group Ltd
AU:VEA
 $2.47 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wedge Industrial Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,211,664,931 to 1,360,987,340, a change of 149,322,409 (12.3%).
  • Net income of 192,740,653 contributed positively to equity growth.
  • Dividend payments of 118,078,953 reduced retained earnings.
  • Share repurchases of 158,523,129 reduced equity.
  • Other factors increased equity by 233,183,838.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥192.74 Million +14.16%
Dividends Paid CN¥118.08 Million -8.68%
Share Repurchases CN¥158.52 Million -11.65%
Other Changes CN¥233.18 Million +17.13%
Total Change CN¥- 12.32%

Book Value vs Market Value Analysis

This analysis compares Wedge Industrial 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: 12.45x
  • 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 28.35x to 12.45x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-12-31 CN¥1.17 CN¥33.20 x
1993-12-31 CN¥1.98 CN¥33.20 x
1994-12-31 CN¥2.11 CN¥33.20 x
1995-12-31 CN¥2.05 CN¥33.20 x
1996-12-31 CN¥2.12 CN¥33.20 x
1997-12-31 CN¥2.20 CN¥33.20 x
1998-12-31 CN¥2.34 CN¥33.20 x
1999-12-31 CN¥2.15 CN¥33.20 x
2000-12-31 CN¥2.13 CN¥33.20 x
2001-12-31 CN¥2.15 CN¥33.20 x
2002-12-31 CN¥2.16 CN¥33.20 x
2003-12-31 CN¥2.23 CN¥33.20 x
2004-12-31 CN¥2.16 CN¥33.20 x
2005-12-31 CN¥2.17 CN¥33.20 x
2006-12-31 CN¥2.28 CN¥33.20 x
2007-12-31 CN¥2.58 CN¥33.20 x
2008-12-31 CN¥2.52 CN¥33.20 x
2009-12-31 CN¥2.49 CN¥33.20 x
2010-12-31 CN¥2.30 CN¥33.20 x
2011-12-31 CN¥1.20 CN¥33.20 x
2012-12-31 CN¥2.36 CN¥33.20 x
2013-12-31 CN¥2.57 CN¥33.20 x
2014-12-31 CN¥2.48 CN¥33.20 x
2015-12-31 CN¥2.54 CN¥33.20 x
2016-12-31 CN¥2.73 CN¥33.20 x
2017-12-31 CN¥3.07 CN¥33.20 x
2018-12-31 CN¥3.12 CN¥33.20 x
2019-12-31 CN¥1.93 CN¥33.20 x
2020-12-31 CN¥2.03 CN¥33.20 x
2021-12-31 CN¥2.13 CN¥33.20 x
2022-12-31 CN¥2.35 CN¥33.20 x
2023-12-31 CN¥2.39 CN¥33.20 x
2024-12-31 CN¥2.67 CN¥33.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wedge Industrial 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): 14.16%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 17.87%
  • • Asset Turnover: 0.27x
  • • Equity Multiplier: 2.92x
  • Recent ROE (14.16%) is above the historical average (5.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 1.96% 7.31% 0.19x 1.38x CN¥-24.02 Million
1993 6.81% 37.35% 0.16x 1.17x CN¥-16.11 Million
1994 7.12% 89.06% 0.08x 1.01x CN¥-15.50 Million
1995 5.63% 53.34% 0.10x 1.06x CN¥-22.90 Million
1996 8.55% 59.09% 0.13x 1.10x CN¥-7.84 Million
1997 7.30% 48.33% 0.14x 1.06x CN¥-15.17 Million
1998 0.77% 6.09% 0.12x 1.03x CN¥-55.07 Million
1999 0.68% 4.79% 0.14x 1.02x CN¥-51.14 Million
2000 2.51% 15.78% 0.15x 1.05x CN¥-40.64 Million
2001 1.31% 8.01% 0.16x 1.01x CN¥-47.72 Million
2002 1.40% 7.30% 0.19x 1.01x CN¥-47.45 Million
2003 3.18% 12.61% 0.25x 1.01x CN¥-38.85 Million
2004 0.33% 1.15% 0.28x 1.01x CN¥-53.28 Million
2005 0.39% 1.01% 0.38x 1.01x CN¥-53.16 Million
2006 1.76% 4.64% 0.26x 1.44x CN¥-46.14 Million
2007 21.90% 29.62% 0.50x 1.48x CN¥78.35 Million
2008 3.18% 5.40% 0.25x 2.34x CN¥-41.26 Million
2009 2.41% 2.60% 0.41x 2.24x CN¥-45.43 Million
2010 2.17% 4.03% 0.25x 2.12x CN¥-45.18 Million
2011 4.17% 7.42% 0.24x 2.36x CN¥-32.89 Million
2012 11.42% 20.64% 0.21x 2.59x CN¥16.33 Million
2013 11.69% 13.46% 0.35x 2.47x CN¥21.79 Million
2014 4.03% 9.73% 0.15x 2.75x CN¥-75.80 Million
2015 3.54% 9.44% 0.15x 2.51x CN¥-84.77 Million
2016 5.50% 39.14% 0.08x 1.70x CN¥-62.38 Million
2017 5.87% 35.07% 0.11x 1.58x CN¥-63.07 Million
2018 9.44% 20.52% 0.27x 1.70x CN¥-8.58 Million
2019 7.46% 12.88% 0.27x 2.18x CN¥-24.11 Million
2020 7.67% 13.89% 0.26x 2.13x CN¥-23.25 Million
2021 8.90% 14.52% 0.31x 1.98x CN¥-11.82 Million
2022 8.53% 12.82% 0.33x 2.04x CN¥-17.49 Million
2023 14.57% 17.99% 0.31x 2.58x CN¥55.39 Million
2024 14.16% 17.87% 0.27x 2.92x CN¥56.64 Million

Industry Comparison

This section compares Wedge Industrial Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.

Industry Context

  • Industry: Drug Manufacturers - Specialty & Generic
  • Average net assets among peers: $2,121,248,350
  • Average return on equity (ROE) among peers: 0.62%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Wedge Industrial Co Ltd (000534) CN¥1.74 Billion 1.96% 1.50x $2.48 Billion
Shenzhen Neptunus Bioengineering Co Ltd (000078) $6.47 Billion 9.84% 3.77x $585.22 Million
Anhui Fengyuan Pharmaceutical Co Ltd (000153) $654.09 Million 2.17% 0.78x $387.59 Million
Shan Dong Dong-E E-Jiao Co Ltd (000423) $108.44 Million 15.88% 0.98x $4.64 Billion
Livzon Pharmaceutical Group Inc (000513) $1.07 Billion 3.83% 0.46x $2.63 Billion
Yunnan Baiyao Group Co Ltd (000538) $9.03 Billion 25.71% 0.43x $12.98 Billion
Hainan Haiyao Co Ltd (000566) $294.63 Million -32.00% 2.31x $772.67 Million
Tus Pharmaceutical Group Co Ltd (000590) $231.22 Million -38.13% 1.23x $352.87 Million
Northeast Pharmaceutical Group Co Ltd (000597) $994.58 Million 2.01% 2.11x $960.61 Million
Jilin Aodong Pharmaceutical Group Co Ltd (000623) $243.07 Million 16.30% 0.73x $3.03 Billion

About Wedge Industrial Co Ltd

SHE:000534 China Drug Manufacturers - Specialty & Generic
Market Cap
$2.48 Billion
CN¥16.92 Billion CNY
Market Cap Rank
#5636 Global
#1140 in China
Share Price
CN¥33.20
Change (1 day)
-1.48%
52-Week Range
CN¥13.05 - CN¥47.65
All Time High
CN¥47.65
Categories
Companies in China Drug Manufacturers - Specialty & Generic
About

Wedge Industrial Co.,Ltd., together with its subsidiaries, engages in the research and development, production, and sale of micro-ecological live bacteria products, superalloys, and related products in China. The company offers micro-ecological preparations, such as bifidobacterium lactobacillus triple live bacteria tablets under the Golden Bifidobacterium brand; vaginal lactobacillus live capsul… Read more