DongGuan Winnerway Industrial Zone Ltd (000573) - Net Assets
Based on the latest financial reports, DongGuan Winnerway Industrial Zone Ltd (000573) has net assets worth CN¥1.64 Billion CNY (≈ $240.30 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¥2.14 Billion ≈ $313.64 Million USD) and total liabilities (CN¥501.23 Million ≈ $73.35 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 000573 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.64 Billion |
| % of Total Assets | 76.61% |
| Annual Growth Rate | 2.27% |
| 5-Year Change | 0.98% |
| 10-Year Change | 4.24% |
| Growth Volatility | 8.22 |
DongGuan Winnerway Industrial Zone Ltd - Net Assets Trend (1994–2024)
This chart illustrates how DongGuan Winnerway Industrial Zone Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is DongGuan Winnerway Industrial Zone Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for DongGuan Winnerway Industrial Zone Ltd (1994–2024)
The table below shows the annual net assets of DongGuan Winnerway Industrial Zone Ltd from 1994 to 2024. For live valuation and market cap data, see DongGuan Winnerway Industrial Zone Ltd (000573) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.59 Billion ≈ $232.76 Million |
-5.18% |
| 2023-12-31 | CN¥1.68 Billion ≈ $245.48 Million |
+1.99% |
| 2022-12-31 | CN¥1.64 Billion ≈ $240.68 Million |
-1.77% |
| 2021-12-31 | CN¥1.67 Billion ≈ $245.01 Million |
+6.29% |
| 2020-12-31 | CN¥1.58 Billion ≈ $230.51 Million |
-8.97% |
| 2019-12-31 | CN¥1.73 Billion ≈ $253.21 Million |
+1.39% |
| 2018-12-31 | CN¥1.71 Billion ≈ $249.74 Million |
-0.62% |
| 2017-12-31 | CN¥1.72 Billion ≈ $251.29 Million |
-0.09% |
| 2016-12-31 | CN¥1.72 Billion ≈ $251.53 Million |
+12.65% |
| 2015-12-31 | CN¥1.53 Billion ≈ $223.29 Million |
-5.50% |
| 2014-12-31 | CN¥1.61 Billion ≈ $236.28 Million |
+0.39% |
| 2013-12-31 | CN¥1.61 Billion ≈ $235.35 Million |
+7.25% |
| 2012-12-31 | CN¥1.50 Billion ≈ $219.45 Million |
+1.24% |
| 2011-12-31 | CN¥1.48 Billion ≈ $216.76 Million |
+3.86% |
| 2010-12-31 | CN¥1.43 Billion ≈ $208.70 Million |
+0.97% |
| 2009-12-31 | CN¥1.41 Billion ≈ $206.70 Million |
+4.00% |
| 2008-12-31 | CN¥1.36 Billion ≈ $198.75 Million |
-7.81% |
| 2007-12-31 | CN¥1.47 Billion ≈ $215.58 Million |
+4.48% |
| 2006-12-31 | CN¥1.41 Billion ≈ $206.33 Million |
-0.12% |
| 2005-12-31 | CN¥1.41 Billion ≈ $206.58 Million |
+1.84% |
| 2004-12-31 | CN¥1.39 Billion ≈ $202.85 Million |
+1.71% |
| 2003-12-31 | CN¥1.36 Billion ≈ $199.43 Million |
+0.70% |
| 2002-12-31 | CN¥1.35 Billion ≈ $198.04 Million |
+0.27% |
| 2001-12-31 | CN¥1.35 Billion ≈ $197.50 Million |
-5.00% |
| 2000-12-31 | CN¥1.42 Billion ≈ $207.90 Million |
-0.87% |
| 1999-12-31 | CN¥1.43 Billion ≈ $209.74 Million |
-4.00% |
| 1998-12-31 | CN¥1.49 Billion ≈ $218.47 Million |
+21.55% |
| 1997-12-31 | CN¥1.23 Billion ≈ $179.73 Million |
+12.06% |
| 1996-12-31 | CN¥1.10 Billion ≈ $160.39 Million |
+32.37% |
| 1995-12-31 | CN¥828.01 Million ≈ $121.16 Million |
+2.00% |
| 1994-12-31 | CN¥811.78 Million ≈ $118.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to DongGuan Winnerway Industrial Zone 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 14885005200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥148.85 Million | 9.40% |
| Common Stock | CN¥638.28 Million | 40.30% |
| Other Comprehensive Income | CN¥349.21 Million | 22.05% |
| Other Components | CN¥447.33 Million | 28.25% |
| Total Equity | CN¥1.58 Billion | 100.00% |
DongGuan Winnerway Industrial Zone Ltd Competitors by Market Cap
The table below lists competitors of DongGuan Winnerway Industrial Zone Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangling Motors Corp Ltd
SHE:200550
|
$455.82 Million |
|
Funeng Oriental Equipment Technology Co Ltd
SHE:300173
|
$455.86 Million |
|
Tianyang Hot Mel
SHG:603330
|
$455.86 Million |
|
Banco Santander Brasil SA
BA:BSBR
|
$456.01 Million |
|
Nextensa NV
BR:NEXTA
|
$455.79 Million |
|
Inst Diagnosti
SN:INDISA
|
$455.60 Million |
|
Lem Holding SA
SW:LEHN
|
$455.56 Million |
|
Ibersol SGPS
LS:IBS
|
$455.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in DongGuan Winnerway Industrial Zone Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,670,558,706 to 1,583,666,681, a change of -86,892,025 (-5.2%).
- Net loss of 47,698,354 reduced equity.
- Dividend payments of 46,792,943 reduced retained earnings.
- Other comprehensive income increased equity by 347,470,937.
- Other factors decreased equity by 339,871,665.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-47.70 Million | -3.01% |
| Dividends Paid | CN¥46.79 Million | -2.95% |
| Other Comprehensive Income | CN¥347.47 Million | +21.94% |
| Other Changes | CN¥-339.87 Million | -21.46% |
| Total Change | CN¥- | -5.20% |
Book Value vs Market Value Analysis
This analysis compares DongGuan Winnerway Industrial Zone 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: 1.97x
- 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 11.35x to 1.97x 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¥0.43 | CN¥4.88 | x |
| 1993-12-31 | CN¥0.45 | CN¥4.88 | x |
| 1994-12-31 | CN¥1.30 | CN¥4.88 | x |
| 1995-12-31 | CN¥1.32 | CN¥4.88 | x |
| 1996-12-31 | CN¥1.75 | CN¥4.88 | x |
| 1997-12-31 | CN¥1.96 | CN¥4.88 | x |
| 1998-12-31 | CN¥2.40 | CN¥4.88 | x |
| 1999-12-31 | CN¥2.25 | CN¥4.88 | x |
| 2000-12-31 | CN¥2.26 | CN¥4.88 | x |
| 2001-12-31 | CN¥2.17 | CN¥4.88 | x |
| 2002-12-31 | CN¥2.18 | CN¥4.88 | x |
| 2003-12-31 | CN¥2.22 | CN¥4.88 | x |
| 2004-12-31 | CN¥2.23 | CN¥4.88 | x |
| 2005-12-31 | CN¥2.27 | CN¥4.88 | x |
| 2006-12-31 | CN¥2.25 | CN¥4.88 | x |
| 2007-12-31 | CN¥2.37 | CN¥4.88 | x |
| 2008-12-31 | CN¥2.18 | CN¥4.88 | x |
| 2009-12-31 | CN¥2.21 | CN¥4.88 | x |
| 2010-12-31 | CN¥2.20 | CN¥4.88 | x |
| 2011-12-31 | CN¥2.29 | CN¥4.88 | x |
| 2012-12-31 | CN¥2.35 | CN¥4.88 | x |
| 2013-12-31 | CN¥2.54 | CN¥4.88 | x |
| 2014-12-31 | CN¥2.56 | CN¥4.88 | x |
| 2015-12-31 | CN¥2.41 | CN¥4.88 | x |
| 2016-12-31 | CN¥2.73 | CN¥4.88 | x |
| 2017-12-31 | CN¥2.69 | CN¥4.88 | x |
| 2018-12-31 | CN¥2.72 | CN¥4.88 | x |
| 2019-12-31 | CN¥2.76 | CN¥4.88 | x |
| 2020-12-31 | CN¥2.47 | CN¥4.88 | x |
| 2021-12-31 | CN¥2.63 | CN¥4.88 | x |
| 2022-12-31 | CN¥2.59 | CN¥4.88 | x |
| 2023-12-31 | CN¥2.62 | CN¥4.88 | x |
| 2024-12-31 | CN¥2.48 | CN¥4.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently DongGuan Winnerway Industrial Zone 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): -3.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.74%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.41x
- Recent ROE (-3.01%) is below the historical average (3.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 21.86% | 28.59% | 0.38x | 2.03x | CN¥31.75 Million |
| 1993 | 13.56% | 18.58% | 0.32x | 2.31x | CN¥9.95 Million |
| 1994 | 10.99% | 23.19% | 0.28x | 1.66x | CN¥8.05 Million |
| 1995 | 10.88% | 19.81% | 0.30x | 1.86x | CN¥7.23 Million |
| 1996 | 10.70% | 26.77% | 0.28x | 1.43x | CN¥7.66 Million |
| 1997 | 10.39% | 27.55% | 0.29x | 1.31x | CN¥4.78 Million |
| 1998 | 3.22% | 28.69% | 0.09x | 1.25x | CN¥-101.20 Million |
| 1999 | 0.66% | 5.98% | 0.08x | 1.44x | CN¥-131.07 Million |
| 2000 | 0.42% | 3.20% | 0.08x | 1.61x | CN¥-135.00 Million |
| 2001 | 0.30% | 1.65% | 0.11x | 1.68x | CN¥-130.82 Million |
| 2002 | 0.82% | 4.16% | 0.12x | 1.59x | CN¥-124.91 Million |
| 2003 | 0.99% | 2.94% | 0.21x | 1.62x | CN¥-124.38 Million |
| 2004 | 1.05% | 3.00% | 0.22x | 1.57x | CN¥-124.05 Million |
| 2005 | 1.16% | 2.91% | 0.26x | 1.53x | CN¥-124.75 Million |
| 2006 | 0.29% | 1.22% | 0.15x | 1.61x | CN¥-136.94 Million |
| 2007 | 2.21% | 7.14% | 0.20x | 1.51x | CN¥-114.75 Million |
| 2008 | -8.47% | -34.43% | 0.14x | 1.79x | CN¥-250.85 Million |
| 2009 | 1.48% | 4.11% | 0.19x | 1.86x | CN¥-117.49 Million |
| 2010 | 2.91% | 7.53% | 0.21x | 1.85x | CN¥-97.00 Million |
| 2011 | 4.00% | 6.88% | 0.33x | 1.76x | CN¥-85.51 Million |
| 2012 | 4.34% | 7.96% | 0.31x | 1.78x | CN¥-82.84 Million |
| 2013 | 7.41% | 11.41% | 0.35x | 1.85x | CN¥-40.89 Million |
| 2014 | 0.88% | 1.61% | 0.26x | 2.08x | CN¥-145.48 Million |
| 2015 | -6.12% | -29.74% | 0.10x | 2.12x | CN¥-242.46 Million |
| 2016 | 11.59% | 17.52% | 0.41x | 1.62x | CN¥27.02 Million |
| 2017 | 2.11% | 6.27% | 0.19x | 1.75x | CN¥-132.29 Million |
| 2018 | 3.07% | 5.71% | 0.26x | 2.05x | CN¥-117.37 Million |
| 2019 | 3.77% | 7.14% | 0.31x | 1.70x | CN¥-107.44 Million |
| 2020 | -7.64% | -14.57% | 0.27x | 1.97x | CN¥-277.85 Million |
| 2021 | 8.38% | 11.61% | 0.48x | 1.50x | CN¥-27.12 Million |
| 2022 | 2.51% | 4.39% | 0.37x | 1.55x | CN¥-123.94 Million |
| 2023 | 3.96% | 18.76% | 0.15x | 1.41x | CN¥-100.97 Million |
| 2024 | -3.01% | -9.74% | 0.22x | 1.41x | CN¥-206.07 Million |
Industry Comparison
This section compares DongGuan Winnerway Industrial Zone Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,486,074,008
- Average return on equity (ROE) among peers: 7.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| DongGuan Winnerway Industrial Zone Ltd (000573) | CN¥1.64 Billion | 21.86% | 0.31x | $455.79 Million |
| Shenzhen SEG Co Ltd (000058) | $1.13 Billion | 12.65% | 0.92x | $1.18 Billion |
| 5I5j Holding Group Co Ltd (000560) | $10.38 Billion | 3.00% | 0.94x | $1.08 Billion |
| Beijing Mainstreets Investment (000609) | $385.35 Million | 6.07% | 0.10x | $714.68 Million |
| Rongfeng Holding Group (000668) | $747.23 Million | 0.24% | 1.04x | $394.08 Million |
| Sanxiang Co Ltd (000863) | $4.23 Billion | 0.65% | 0.68x | $972.71 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $487.54 Million | 9.22% | 2.03x | $1.63 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $2.09 Billion | 18.89% | 0.97x | $918.58 Million |
| Chongqing New Dazheng Property Grp (002968) | $1.22 Billion | 13.12% | 0.68x | $402.97 Million |
| Shenzhen SEG Co Ltd (200058) | $1.70 Billion | 5.91% | 1.18x | $57.58 Million |
About DongGuan Winnerway Industrial Zone Ltd
DongGuan Winnerway Industry Zone LTD. engages in the real estate development business in China. The company engages in the development and operation of various real estate properties, such as houses, villas, apartments, parking spaces, shops, etc. It is also involved in the coal mining business; industrial zone development; environmental protection and recycling of renewable resources business; a… Read more