DongGuan Winnerway Industrial Zone Ltd (000573) - Net Assets

Latest as of March 2026: CN¥1.64 Billion CNY ≈ $240.30 Million USD

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 March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.10 Billion ≈ $306.99 Million USD) and total liabilities (CN¥455.75 Million ≈ $66.69 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 DongGuan Winnerway Industrial Zone Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.64 Billion
% of Total Assets	78.28%
Annual Growth Rate	2.21%
5-Year Change	-4.4%
10-Year Change	-6.87%
Growth Volatility	8.09

DongGuan Winnerway Industrial Zone Ltd - Net Assets Trend (1994–2025)

This chart illustrates how DongGuan Winnerway Industrial Zone Ltd's net assets have evolved over time, based on quarterly financial data. See 000573 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for DongGuan Winnerway Industrial Zone Ltd (1994–2025)

The table below shows the annual net assets of DongGuan Winnerway Industrial Zone Ltd from 1994 to 2025. For live valuation and market cap data, see DongGuan Winnerway Industrial Zone Ltd (000573) total market value.

Year	Net Assets	Change
2025-12-31	CN¥1.60 Billion ≈ $234.24 Million	+0.64%
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	--

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 18472275155.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥184.72 Million	11.56%
Other Components	CN¥1.41 Billion	88.44%
Total Equity	CN¥1.60 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
Natures Sunshine Products Inc NASDAQ:NATR	$347.48 Million
Archer Ltd. LSE:0RBA	$347.59 Million
Beijing Century Real Tech SHE:300150	$347.61 Million
Hua Jung Components Co Ltd TWO:5328	$347.70 Million
Cre8 Direct Ningbo Co Ltd SHE:300703	$347.38 Million
Belo Sun Mining Corp. TO:BSX	$347.37 Million
Funeng Oriental Equipment Technology Co Ltd SHE:300173	$347.27 Million
Polisan Holding AS IS:POLHO	$347.24 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 2024 to 2025, total equity changed from 1,583,666,681 to 1,597,679,615, a change of 14,012,934 (0.9%).
Net income of 68,612,556 contributed positively to equity growth.
Dividend payments of 43,221,197 reduced retained earnings.
Other comprehensive income decreased equity by 349,209,006.
Other factors increased equity by 337,830,581.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥68.61 Million	+4.29%
Dividends Paid	CN¥43.22 Million	-2.71%
Other Comprehensive Income	CN¥-349.21 Million	-21.86%
Other Changes	CN¥337.83 Million	+21.15%
Total Change	CN¥-	0.88%

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: 1.49x
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 8.66x to 1.49x 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¥3.72	x
1993-12-31	CN¥0.45	CN¥3.72	x
1994-12-31	CN¥1.30	CN¥3.72	x
1995-12-31	CN¥1.32	CN¥3.72	x
1996-12-31	CN¥1.75	CN¥3.72	x
1997-12-31	CN¥1.96	CN¥3.72	x
1998-12-31	CN¥2.40	CN¥3.72	x
1999-12-31	CN¥2.25	CN¥3.72	x
2000-12-31	CN¥2.26	CN¥3.72	x
2001-12-31	CN¥2.17	CN¥3.72	x
2002-12-31	CN¥2.18	CN¥3.72	x
2003-12-31	CN¥2.22	CN¥3.72	x
2004-12-31	CN¥2.23	CN¥3.72	x
2005-12-31	CN¥2.27	CN¥3.72	x
2006-12-31	CN¥2.25	CN¥3.72	x
2007-12-31	CN¥2.37	CN¥3.72	x
2008-12-31	CN¥2.18	CN¥3.72	x
2009-12-31	CN¥2.21	CN¥3.72	x
2010-12-31	CN¥2.20	CN¥3.72	x
2011-12-31	CN¥2.29	CN¥3.72	x
2012-12-31	CN¥2.35	CN¥3.72	x
2013-12-31	CN¥2.54	CN¥3.72	x
2014-12-31	CN¥2.56	CN¥3.72	x
2015-12-31	CN¥2.41	CN¥3.72	x
2016-12-31	CN¥2.73	CN¥3.72	x
2017-12-31	CN¥2.69	CN¥3.72	x
2018-12-31	CN¥2.72	CN¥3.72	x
2019-12-31	CN¥2.76	CN¥3.72	x
2020-12-31	CN¥2.47	CN¥3.72	x
2021-12-31	CN¥2.63	CN¥3.72	x
2022-12-31	CN¥2.59	CN¥3.72	x
2023-12-31	CN¥2.62	CN¥3.72	x
2024-12-31	CN¥2.48	CN¥3.72	x
2025-12-31	CN¥2.50	CN¥3.72	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): 4.29%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.51%
• Asset Turnover: 0.26x
• Equity Multiplier: 1.31x
Recent ROE (4.29%) is above the historical average (3.68%), indicating improving 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
2025	4.29%	12.51%	0.26x	1.31x	CN¥-91.16 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: $2,360,392,399
Average return on equity (ROE) among peers: 4.96%

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%	0.28x	$347.45 Million
Shenzhen SEG Co Ltd (000058)	$2.48 Billion	1.04%	1.35x	$900.61 Million
5I5j Holding Group Co Ltd (000560)	$245.86 Million	12.11%	0.55x	$730.73 Million
Beijing Mainstreets Investment (000609)	$413.39 Million	8.75%	0.14x	$512.37 Million
Rongfeng Holding Group (000668)	$728.10 Million	3.50%	0.98x	$452.53 Million
Sanxiang Co Ltd (000863)	$4.23 Billion	0.65%	0.68x	$699.73 Million
China Merchants Property Operation & Service Co Ltd (001914)	$9.31 Billion	6.37%	0.91x	$1.30 Billion
Shenzhen Worldunion Properties Consultancy Inc (002285)	$65.30 Million	0.00%	1.29x	$624.05 Million
Chongqing New Dazheng Property Grp (002968)	$1.26 Billion	9.05%	0.67x	$284.76 Million
Shenzhen SEG Co Ltd (200058)	$2.51 Billion	3.12%	1.47x	$46.25 Million

About DongGuan Winnerway Industrial Zone Ltd

SHE:000573 China Real Estate Services

Market Cap

$347.45 Million

CN¥2.37 Billion CNY

Market Cap Rank

#14088 Global

#4183 in China

Share Price

CN¥3.72

Change (1 day)

-2.87%

52-Week Range

CN¥3.72 - CN¥5.03

All Time High

CN¥9.77