Zheshang Development Group Co Ltd

SHE:000906 China Conglomerates
Market Cap
$583.23 Million
CN¥4.28 Billion CNY
Market Cap Rank
#13444 Global
#3453 in China
Share Price
CN¥6.03
Change (1 day)
-0.50%
52-Week Range
CN¥5.56 - CN¥6.75
All Time High
CN¥11.42
Categories
Companies in China Conglomerates
About

Zhejiang Development Group Co.,Ltd multi-level and personalized supply chain integration services China and internationally. It operates through Black, Energy and chemical industry, New energy, Colored, Other segments. The company is involved in domestic and foreign trade and upstream and downstream services of rebar, wire rod, round bar, hot-rolled strip, hot-rolled coil, cold-rolled products, c… Read more

Zheshang Development Group Co Ltd (000906) - Net Assets

Latest net assets as of September 2025: CN¥8.55 Billion CNY

Based on the latest financial reports, Zheshang Development Group Co Ltd (000906) has net assets worth CN¥8.55 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¥53.39 Billion) and total liabilities (CN¥44.84 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¥8.55 Billion
% of Total Assets 16.01%
Annual Growth Rate 16.9%
5-Year Change 111.51%
10-Year Change 427.9%
Growth Volatility 43.46

Zheshang Development Group Co Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Zheshang Development 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 Zheshang Development Group Co Ltd (1996–2024)

The table below shows the annual net assets of Zheshang Development Group Co Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥9.33 Billion -1.27%
2023-12-31 CN¥9.45 Billion +21.72%
2022-12-31 CN¥7.77 Billion +21.74%
2021-12-31 CN¥6.38 Billion +44.58%
2020-12-31 CN¥4.41 Billion +30.41%
2019-12-31 CN¥3.38 Billion +15.10%
2018-12-31 CN¥2.94 Billion +8.17%
2017-12-31 CN¥2.72 Billion +44.53%
2016-12-31 CN¥1.88 Billion +6.36%
2015-12-31 CN¥1.77 Billion +22.96%
2014-12-31 CN¥1.44 Billion +1.07%
2013-12-31 CN¥1.42 Billion +2.59%
2012-12-31 CN¥1.39 Billion +0.71%
2011-12-31 CN¥1.38 Billion +21.40%
2010-12-31 CN¥1.13 Billion +203.79%
2009-12-31 CN¥373.35 Million -9.64%
2008-12-31 CN¥413.18 Million +33.11%
2007-12-31 CN¥310.41 Million -16.45%
2006-12-31 CN¥371.51 Million -11.96%
2005-12-31 CN¥421.97 Million -10.30%
2004-12-31 CN¥470.42 Million -2.26%
2003-12-31 CN¥481.31 Million +6.98%
2002-12-31 CN¥449.91 Million +19.56%
2001-12-31 CN¥376.30 Million +3.42%
2000-12-31 CN¥363.84 Million +10.84%
1999-12-31 CN¥328.27 Million +121.81%
1998-12-31 CN¥148.00 Million +22.96%
1997-12-31 CN¥120.36 Million +2.05%
1996-12-31 CN¥117.94 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zheshang Development 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 278025947200.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.78 Billion 48.62%
Common Stock CN¥708.56 Million 12.39%
Other Comprehensive Income CN¥1.02 Billion 17.85%
Other Components CN¥1.21 Billion 21.13%
Total Equity CN¥5.72 Billion 100.00%

Zheshang Development Group Co Ltd Competitors by Market Cap

The table below lists competitors of Zheshang Development Group Co Ltd ranked by their market capitalization.

Company Market Cap
Bombay Burmah Trading Corporation Limited
NSE:BBTC
 		$267.63 Million
Blockchain Group SA
PA:ALTBG
 		$267.70 Million
Binggrae
KO:005180
 		$267.76 Million
Electrosteel Castings Limited
NSE:ELECTCAST
 		$267.80 Million
LH Shopping Centers Leasehold
BK:LHSC
 		$267.53 Million
Zhonghong Pulin Medical Products Co. Ltd.
SHE:300981
 		$267.47 Million
Enel Generación Chile S.A
SN:ENELGXCH
 		$267.43 Million
Energiekontor AG
F:EKT
 		$267.18 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,869,368,773 to 5,717,881,298, a change of -151,487,475 (-2.6%).
  • Net income of 368,855,101 contributed positively to equity growth.
  • Dividend payments of 712,948,747 reduced retained earnings.
  • Share repurchases of 44,200,000 reduced equity.
  • Other comprehensive income decreased equity by 251,824,099.
  • Other factors increased equity by 488,630,270.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥368.86 Million +6.45%
Dividends Paid CN¥712.95 Million -12.47%
Share Repurchases CN¥44.20 Million -0.77%
Other Comprehensive Income CN¥-251.82 Million -4.4%
Other Changes CN¥488.63 Million +8.55%
Total Change CN¥- -2.58%

Book Value vs Market Value Analysis

This analysis compares Zheshang Development 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: 0.86x
  • 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 20.17x to 0.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.30 CN¥6.03 x
1997-12-31 CN¥0.31 CN¥6.03 x
1998-12-31 CN¥0.38 CN¥6.03 x
1999-12-31 CN¥0.83 CN¥6.03 x
2000-12-31 CN¥0.91 CN¥6.03 x
2001-12-31 CN¥0.93 CN¥6.03 x
2002-12-31 CN¥0.98 CN¥6.03 x
2003-12-31 CN¥1.03 CN¥6.03 x
2004-12-31 CN¥1.04 CN¥6.03 x
2005-12-31 CN¥1.04 CN¥6.03 x
2006-12-31 CN¥0.85 CN¥6.03 x
2007-12-31 CN¥0.72 CN¥6.03 x
2008-12-31 CN¥0.71 CN¥6.03 x
2009-12-31 CN¥0.74 CN¥6.03 x
2010-12-31 CN¥1.93 CN¥6.03 x
2011-12-31 CN¥1.73 CN¥6.03 x
2012-12-31 CN¥1.79 CN¥6.03 x
2013-12-31 CN¥1.85 CN¥6.03 x
2014-12-31 CN¥1.94 CN¥6.03 x
2015-12-31 CN¥2.75 CN¥6.03 x
2016-12-31 CN¥2.61 CN¥6.03 x
2017-12-31 CN¥3.90 CN¥6.03 x
2018-12-31 CN¥3.57 CN¥6.03 x
2019-12-31 CN¥4.36 CN¥6.03 x
2020-12-31 CN¥4.23 CN¥6.03 x
2021-12-31 CN¥6.23 CN¥6.03 x
2022-12-31 CN¥7.17 CN¥6.03 x
2023-12-31 CN¥7.76 CN¥6.03 x
2024-12-31 CN¥6.98 CN¥6.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zheshang Development 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): 6.45%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.18%
  • • Asset Turnover: 5.78x
  • • Equity Multiplier: 6.11x
  • Recent ROE (6.45%) is below the historical average (7.14%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 17.54% 2.15% 2.66x 3.07x CN¥8.89 Million
1997 21.87% 3.29% 2.04x 3.26x CN¥14.28 Million
1998 19.06% 3.79% 1.71x 2.94x CN¥13.41 Million
1999 9.09% 4.14% 1.05x 2.09x CN¥-3.00 Million
2000 9.92% 4.41% 1.11x 2.03x CN¥-270.88K
2001 5.20% 2.25% 0.89x 2.61x CN¥-17.57 Million
2002 6.32% 1.81% 1.13x 3.08x CN¥-14.27 Million
2003 4.31% 1.09% 1.26x 3.13x CN¥-23.19 Million
2004 1.23% 0.29% 1.15x 3.71x CN¥-35.90 Million
2005 0.99% 0.22% 1.42x 3.16x CN¥-37.07 Million
2006 -21.11% -4.16% 1.31x 3.86x CN¥-105.73 Million
2007 -27.44% -3.86% 1.50x 4.73x CN¥-105.64 Million
2008 4.18% 0.45% 1.62x 5.79x CN¥-16.85 Million
2009 4.80% 0.17% 4.70x 6.06x CN¥-15.93 Million
2010 7.40% 0.45% 4.48x 3.68x CN¥-23.52 Million
2011 7.57% 0.31% 5.54x 4.39x CN¥-23.81 Million
2012 1.99% 0.08% 6.40x 3.88x CN¥-80.06 Million
2013 6.74% 0.29% 5.44x 4.20x CN¥-33.81 Million
2014 6.74% 0.33% 4.04x 4.98x CN¥-35.75 Million
2015 5.41% 0.41% 3.50x 3.78x CN¥-73.11 Million
2016 7.40% 0.38% 4.53x 4.30x CN¥-44.10 Million
2017 6.67% 0.36% 4.50x 4.14x CN¥-86.51 Million
2018 10.94% 0.48% 5.44x 4.16x CN¥26.19 Million
2019 16.76% 0.73% 4.99x 4.60x CN¥216.30 Million
2020 17.95% 0.51% 5.99x 5.89x CN¥245.94 Million
2021 18.13% 0.46% 7.72x 5.11x CN¥367.22 Million
2022 18.97% 0.52% 7.43x 4.94x CN¥473.59 Million
2023 12.11% 0.35% 5.89x 5.88x CN¥123.85 Million
2024 6.45% 0.18% 5.78x 6.11x CN¥-202.93 Million

Industry Comparison

This section compares Zheshang Development Group Co Ltd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

  • Industry: Conglomerates
  • Average net assets among peers: $978,124,373
  • Average return on equity (ROE) among peers: 8.21%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zheshang Development Group Co Ltd (000906) CN¥8.55 Billion 17.54% 5.25x $267.61 Million
China Baoan Group Co Ltd (000009) $1.27 Billion 1.07% 2.24x $1.86 Billion
Yunding Technology Co Ltd (000409) $941.98 Million 8.55% 0.27x $527.49 Million
Create Technology & Science Co Ltd (000551) $251.29 Million 12.94% 2.35x $557.14 Million
Sundiro Holding Co Ltd (000571) $1.77 Billion 7.65% 0.23x $606.69 Million
Guangdong Ganhua Science & Industry Co Ltd (000576) $701.02 Million 10.07% 0.54x $356.12 Million
Macrolink Real Estate Co Ltd (000620) $143.94 Million 0.00% 3.19x $1.86 Billion
Tianjin Economic-technological Development Area Co Ltd (000652) $571.94 Million 29.23% 0.30x $544.91 Million
CHTC Helon Co Ltd (000677) $529.22 Million 4.03% 1.82x $434.09 Million
Gansu Yatai Industrial Development Co Ltd (000691) $673.22 Million 5.50% 0.58x $290.70 Million
Hunan Fazhan Industrial Co Ltd (000722) $2.92 Billion 3.04% 0.07x $393.69 Million