Zhongshan Public Utilities Group Co Ltd

SHE:000685 China Utilities - Regulated Water
Market Cap
$2.34 Billion
CN¥17.17 Billion CNY
Market Cap Rank
#6708 Global
#1067 in China
Share Price
CN¥11.64
Change (1 day)
+0.61%
52-Week Range
CN¥8.22 - CN¥14.42
All Time High
CN¥14.42
Categories
Companies in China Utilities - Regulated Water
About

Zhongshan Public Utilities Group Co.,Ltd., together with its subsidiaries, engages in the environmental water, solid waste, new energy, engineering construction, and auxiliary businesses in China and internationally. The company is involved in the urban water supply comprising water quality monitoring, engineering design, construction installation, information technology, and water treatment tech… Read more

Zhongshan Public Utilities Group Co Ltd (000685) - Net Assets

Latest net assets as of September 2025: CN¥18.50 Billion CNY

Based on the latest financial reports, Zhongshan Public Utilities Group Co Ltd (000685) has net assets worth CN¥18.50 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥35.67 Billion) and total liabilities (CN¥17.17 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥18.50 Billion
% of Total Assets 51.87%
Annual Growth Rate 17.73%
5-Year Change 23.86%
10-Year Change 61.46%
Growth Volatility 137.33

Zhongshan Public Utilities Group Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Zhongshan Public Utilities Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Zhongshan Public Utilities Group Co Ltd (1993–2024)

The table below shows the annual net assets of Zhongshan Public Utilities Group Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥17.82 Billion +7.02%
2023-12-31 CN¥16.65 Billion +4.36%
2022-12-31 CN¥15.96 Billion +3.31%
2021-12-31 CN¥15.45 Billion +7.35%
2020-12-31 CN¥14.39 Billion +6.78%
2019-12-31 CN¥13.48 Billion +7.03%
2018-12-31 CN¥12.59 Billion +2.91%
2017-12-31 CN¥12.24 Billion +6.35%
2016-12-31 CN¥11.50 Billion +4.22%
2015-12-31 CN¥11.04 Billion +44.57%
2014-12-31 CN¥7.64 Billion +15.94%
2013-12-31 CN¥6.59 Billion +8.19%
2012-12-31 CN¥6.09 Billion +6.46%
2011-12-31 CN¥5.72 Billion +17.04%
2010-12-31 CN¥4.89 Billion +14.45%
2009-12-31 CN¥4.27 Billion +24.53%
2008-12-31 CN¥3.43 Billion +783.06%
2007-12-31 CN¥388.19 Million +9.74%
2006-12-31 CN¥353.75 Million +4.03%
2005-12-31 CN¥340.05 Million +1.89%
2004-12-31 CN¥333.75 Million -0.95%
2003-12-31 CN¥336.94 Million +6.00%
2002-12-31 CN¥317.85 Million +2.86%
2001-12-31 CN¥309.02 Million +7.38%
2000-12-31 CN¥287.77 Million +3.78%
1999-12-31 CN¥277.29 Million -4.37%
1998-12-31 CN¥289.96 Million +0.60%
1997-12-31 CN¥288.23 Million +79.97%
1996-12-31 CN¥160.16 Million +33.41%
1995-12-31 CN¥120.05 Million +3.28%
1994-12-31 CN¥116.23 Million +2.64%
1993-12-31 CN¥113.24 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhongshan Public Utilities 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 9982617.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥12.44 Billion 71.01%
Common Stock CN¥1.48 Billion 8.42%
Other Components CN¥3.60 Billion 20.56%
Total Equity CN¥17.51 Billion 100.00%

Zhongshan Public Utilities Group Co Ltd Competitors by Market Cap

The table below lists competitors of Zhongshan Public Utilities Group Co Ltd ranked by their market capitalization.

Company Market Cap
Capricor Therapeutics Inc
NASDAQ:CAPR
 		$1.17 Billion
Sunwave Communications Co Ltd
SHE:002115
 		$1.17 Billion
Xinfengming Group Co Ltd
SHG:603225
 		$1.17 Billion
Rush Street Interactive Inc
NYSE:RSI
 		$1.17 Billion
Outokumpu Oyj
PINK:OUTFF
 		$1.17 Billion
Pharma Mar S.A.
MC:PHM
 		$1.17 Billion
UMH Properties Inc
NYSE:UMH
 		$1.17 Billion
Aperam PK
PINK:APEMY
 		$1.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhongshan Public Utilities Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,377,679,084 to 17,512,631,577, a change of 1,134,952,493 (6.9%).
  • Net income of 1,198,820,450 contributed positively to equity growth.
  • Dividend payments of 546,308,193 reduced retained earnings.
  • Other comprehensive income decreased equity by 824,191,181.
  • Other factors increased equity by 1,306,631,417.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.20 Billion +6.85%
Dividends Paid CN¥546.31 Million -3.12%
Other Comprehensive Income CN¥-824.19 Million -4.71%
Other Changes CN¥1.31 Billion +7.46%
Total Change CN¥- 6.93%

Book Value vs Market Value Analysis

This analysis compares Zhongshan Public Utilities 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: 0.97x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 54.23x to 0.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1993-12-31 CN¥0.21 CN¥11.64 x
1994-12-31 CN¥0.22 CN¥11.64 x
1995-12-31 CN¥0.23 CN¥11.64 x
1996-12-31 CN¥0.30 CN¥11.64 x
1997-12-31 CN¥0.55 CN¥11.64 x
1998-12-31 CN¥0.55 CN¥11.64 x
1999-12-31 CN¥0.53 CN¥11.64 x
2000-12-31 CN¥0.55 CN¥11.64 x
2001-12-31 CN¥0.58 CN¥11.64 x
2002-12-31 CN¥0.59 CN¥11.64 x
2003-12-31 CN¥0.61 CN¥11.64 x
2004-12-31 CN¥0.63 CN¥11.64 x
2005-12-31 CN¥0.64 CN¥11.64 x
2006-12-31 CN¥0.67 CN¥11.64 x
2007-12-31 CN¥0.30 CN¥11.64 x
2008-12-31 CN¥2.51 CN¥11.64 x
2009-12-31 CN¥2.98 CN¥11.64 x
2010-12-31 CN¥3.40 CN¥11.64 x
2011-12-31 CN¥4.05 CN¥11.64 x
2012-12-31 CN¥4.30 CN¥11.64 x
2013-12-31 CN¥4.65 CN¥11.64 x
2014-12-31 CN¥5.30 CN¥11.64 x
2015-12-31 CN¥7.71 CN¥11.64 x
2016-12-31 CN¥7.65 CN¥11.64 x
2017-12-31 CN¥8.11 CN¥11.64 x
2018-12-31 CN¥8.41 CN¥11.64 x
2019-12-31 CN¥8.90 CN¥11.64 x
2020-12-31 CN¥9.54 CN¥11.64 x
2021-12-31 CN¥10.26 CN¥11.64 x
2022-12-31 CN¥10.67 CN¥11.64 x
2023-12-31 CN¥11.17 CN¥11.64 x
2024-12-31 CN¥11.98 CN¥11.64 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhongshan Public Utilities 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): 6.85%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 21.11%
  • • Asset Turnover: 0.18x
  • • Equity Multiplier: 1.85x
  • Recent ROE (6.85%) is below the historical average (9.19%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 13.74% 2.00% 2.36x 2.92x CN¥4.23 Million
1994 13.18% 2.25% 1.82x 3.21x CN¥3.69 Million
1995 16.01% 2.05% 2.37x 3.30x CN¥7.21 Million
1996 15.59% 2.51% 1.90x 3.27x CN¥8.95 Million
1997 11.24% 3.35% 1.47x 2.29x CN¥3.57 Million
1998 0.62% 0.26% 0.92x 2.60x CN¥-27.20 Million
1999 2.80% 1.45% 0.75x 2.56x CN¥-19.98 Million
2000 7.13% 7.48% 0.71x 1.35x CN¥-8.26 Million
2001 6.29% 29.87% 0.16x 1.33x CN¥-11.32 Million
2002 4.80% 20.88% 0.17x 1.35x CN¥-16.33 Million
2003 2.97% 11.80% 0.20x 1.27x CN¥-22.72 Million
2004 3.49% 18.51% 0.16x 1.16x CN¥-21.49 Million
2005 3.59% 18.81% 0.17x 1.10x CN¥-21.63 Million
2006 6.22% 39.26% 0.16x 1.02x CN¥-13.35 Million
2007 8.01% 44.83% 0.17x 1.07x CN¥-7.47 Million
2008 16.17% 85.12% 0.14x 1.33x CN¥208.69 Million
2009 19.50% 109.42% 0.13x 1.38x CN¥398.03 Million
2010 13.94% 79.20% 0.14x 1.29x CN¥188.50 Million
2011 19.34% 137.67% 0.10x 1.41x CN¥528.36 Million
2012 6.07% 44.82% 0.11x 1.26x CN¥-237.87 Million
2013 9.68% 60.46% 0.13x 1.25x CN¥-20.61 Million
2014 10.01% 64.77% 0.12x 1.33x CN¥555.60K
2015 13.74% 99.79% 0.11x 1.26x CN¥406.75 Million
2016 8.50% 65.82% 0.10x 1.33x CN¥-170.35 Million
2017 9.00% 61.51% 0.11x 1.32x CN¥-120.52 Million
2018 5.59% 33.70% 0.12x 1.40x CN¥-541.58 Million
2019 7.97% 47.14% 0.12x 1.46x CN¥-266.86 Million
2020 9.77% 62.97% 0.10x 1.48x CN¥-32.76 Million
2021 9.68% 61.82% 0.11x 1.49x CN¥-48.55 Million
2022 6.84% 29.63% 0.14x 1.63x CN¥-495.04 Million
2023 5.90% 18.59% 0.18x 1.77x CN¥-671.12 Million
2024 6.85% 21.11% 0.18x 1.85x CN¥-552.44 Million

Industry Comparison

This section compares Zhongshan Public Utilities Group Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.

Industry Context

  • Industry: Utilities - Regulated Water
  • Average net assets among peers: $1,562,176,207
  • Average return on equity (ROE) among peers: 2.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhongshan Public Utilities Group Co Ltd (000685) CN¥18.50 Billion 13.74% 0.93x $1.17 Billion
Chengdu Xingrong Investment Co Ltd (000598) $584.48 Million 10.98% 0.21x $1.21 Billion
Bohai Water Industry Co Ltd (000605) $64.80 Million 0.52% 1.08x $175.81 Million
Guangdong Shunkong Development Co Ltd (003039) $3.08 Billion 7.76% 0.50x $278.69 Million
Gansu Dayu Water saving Group (300021) $426.20 Million 7.03% 1.63x $347.65 Million
Beijing Water Business Doctor (300055) $1.75 Billion 5.65% 0.24x $351.93 Million
BGT Group Co. Ltd. (300774) $1.02 Billion 11.72% 0.28x $366.11 Million
Hynar Water Group Co. Ltd. (300961) $777.03 Million -31.81% 2.48x $330.12 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038) $896.71 Million 5.89% 1.20x $197.50 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168) $5.47 Billion 2.65% 3.12x $316.91 Million