Zhejiang Weixing Industrial Development Co Ltd
Zhejiang Weixing Industrial Development Co., Ltd. engages in the production and sale of clothing accessories in China and internationally. Its products include buttons, zippers, metal and plastic, ribbons, ropes, labels, signs, and other clothing and luggage accessories products under SAB brand. The company was founded in 1976 and is based in Linhai, China.
Zhejiang Weixing Industrial Development Co Ltd (002003) - Net Assets
Latest net assets as of September 2025: CN¥4.66 Billion CNY
Based on the latest financial reports, Zhejiang Weixing Industrial Development Co Ltd (002003) has net assets worth CN¥4.66 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¥6.94 Billion) and total liabilities (CN¥2.28 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¥4.66 Billion |
| % of Total Assets | 67.14% |
| Annual Growth Rate | 18.84% |
| 5-Year Change | 69.83% |
| 10-Year Change | 135.69% |
| Growth Volatility | 33.89 |
Zhejiang Weixing Industrial Development Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Zhejiang Weixing Industrial Development 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 Zhejiang Weixing Industrial Development Co Ltd (2001–2024)
The table below shows the annual net assets of Zhejiang Weixing Industrial Development Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.40 Billion | +0.39% |
| 2023-12-31 | CN¥4.38 Billion | +49.46% |
| 2022-12-31 | CN¥2.93 Billion | +7.30% |
| 2021-12-31 | CN¥2.73 Billion | +5.48% |
| 2020-12-31 | CN¥2.59 Billion | +2.14% |
| 2019-12-31 | CN¥2.54 Billion | +3.00% |
| 2018-12-31 | CN¥2.46 Billion | -1.15% |
| 2017-12-31 | CN¥2.49 Billion | +10.29% |
| 2016-12-31 | CN¥2.26 Billion | +21.00% |
| 2015-12-31 | CN¥1.87 Billion | +3.21% |
| 2014-12-31 | CN¥1.81 Billion | +2.78% |
| 2013-12-31 | CN¥1.76 Billion | +4.11% |
| 2012-12-31 | CN¥1.69 Billion | -0.76% |
| 2011-12-31 | CN¥1.70 Billion | +42.06% |
| 2010-12-31 | CN¥1.20 Billion | +23.01% |
| 2009-12-31 | CN¥974.80 Million | -2.66% |
| 2008-12-31 | CN¥1.00 Billion | +77.17% |
| 2007-12-31 | CN¥565.21 Million | +25.01% |
| 2006-12-31 | CN¥452.14 Million | +65.72% |
| 2005-12-31 | CN¥272.84 Million | +8.65% |
| 2004-12-31 | CN¥251.13 Million | +145.12% |
| 2003-12-31 | CN¥102.45 Million | +1.93% |
| 2002-12-31 | CN¥100.51 Million | +21.13% |
| 2001-12-31 | CN¥82.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Weixing Industrial Development 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 5437.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥982.94 Million | 22.57% |
| Common Stock | CN¥1.17 Billion | 26.84% |
| Other Comprehensive Income | CN¥9.33 Million | 0.21% |
| Other Components | CN¥2.19 Billion | 50.37% |
| Total Equity | CN¥4.35 Billion | 100.00% |
Zhejiang Weixing Industrial Development Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Weixing Industrial Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cancom SE
OTCGREY:CCCMF
|
$872.98 Million |
|
Kajaria Ceramics Limited
NSE:KAJARIACER
|
$873.14 Million |
|
Kiwi Property Group Limited
PINK:KWIPF
|
$873.40 Million |
|
PLUXEE NV
PA:PLX
|
$873.75 Million |
|
EmbedWay Tech(Shanghai)Corp
SHG:603496
|
$872.51 Million |
|
BIOPHARMA CREDIT DL -01
F:B3P
|
$872.40 Million |
|
Kepco Plant S&
KO:051600
|
$872.34 Million |
|
Open Up Group Inc.
PINK:BNXYF
|
$871.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Weixing Industrial Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,349,140,948 to 4,354,358,631, a change of 5,217,683 (0.1%).
- Net income of 700,334,530 contributed positively to equity growth.
- Dividend payments of 789,722,274 reduced retained earnings.
- Share repurchases of 719,488 reduced equity.
- Other comprehensive income decreased equity by 1,176,780.
- Other factors increased equity by 96,501,695.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥700.33 Million | +16.08% |
| Dividends Paid | CN¥789.72 Million | -18.14% |
| Share Repurchases | CN¥719.49K | -0.02% |
| Other Comprehensive Income | CN¥-1.18 Million | -0.03% |
| Other Changes | CN¥96.50 Million | +2.22% |
| Total Change | CN¥- | 0.12% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Weixing Industrial Development 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: 2.73x
- 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 76.21x to 2.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.13 | CN¥10.16 | x |
| 2002-12-31 | CN¥0.16 | CN¥10.16 | x |
| 2003-12-31 | CN¥0.17 | CN¥10.16 | x |
| 2004-12-31 | CN¥0.42 | CN¥10.16 | x |
| 2005-12-31 | CN¥0.46 | CN¥10.16 | x |
| 2006-12-31 | CN¥0.65 | CN¥10.16 | x |
| 2007-12-31 | CN¥0.92 | CN¥10.16 | x |
| 2008-12-31 | CN¥1.21 | CN¥10.16 | x |
| 2009-12-31 | CN¥1.17 | CN¥10.16 | x |
| 2010-12-31 | CN¥1.67 | CN¥10.16 | x |
| 2011-12-31 | CN¥1.93 | CN¥10.16 | x |
| 2012-12-31 | CN¥1.85 | CN¥10.16 | x |
| 2013-12-31 | CN¥1.95 | CN¥10.16 | x |
| 2014-12-31 | CN¥2.00 | CN¥10.16 | x |
| 2015-12-31 | CN¥2.03 | CN¥10.16 | x |
| 2016-12-31 | CN¥2.35 | CN¥10.16 | x |
| 2017-12-31 | CN¥2.48 | CN¥10.16 | x |
| 2018-12-31 | CN¥2.41 | CN¥10.16 | x |
| 2019-12-31 | CN¥2.50 | CN¥10.16 | x |
| 2020-12-31 | CN¥2.55 | CN¥10.16 | x |
| 2021-12-31 | CN¥2.68 | CN¥10.16 | x |
| 2022-12-31 | CN¥2.92 | CN¥10.16 | x |
| 2023-12-31 | CN¥4.13 | CN¥10.16 | x |
| 2024-12-31 | CN¥3.73 | CN¥10.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Weixing Industrial Development 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): 16.08%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.98%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.44x
- Recent ROE (16.08%) is above the historical average (15.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 18.76% | 8.73% | 0.94x | 2.29x | CN¥6.53 Million |
| 2002 | 18.28% | 7.72% | 1.15x | 2.06x | CN¥7.57 Million |
| 2003 | 20.89% | 7.58% | 1.17x | 2.36x | CN¥10.38 Million |
| 2004 | 10.60% | 6.99% | 0.93x | 1.63x | CN¥1.40 Million |
| 2005 | 13.91% | 6.59% | 1.05x | 2.02x | CN¥9.97 Million |
| 2006 | 15.84% | 8.02% | 1.10x | 1.79x | CN¥25.13 Million |
| 2007 | 21.57% | 9.76% | 1.09x | 2.03x | CN¥62.07 Million |
| 2008 | 16.13% | 10.59% | 1.07x | 1.42x | CN¥59.42 Million |
| 2009 | 18.06% | 12.36% | 0.96x | 1.52x | CN¥76.98 Million |
| 2010 | 21.73% | 14.00% | 1.02x | 1.52x | CN¥138.22 Million |
| 2011 | 11.79% | 10.14% | 0.84x | 1.39x | CN¥29.85 Million |
| 2012 | 10.25% | 9.11% | 0.78x | 1.45x | CN¥4.09 Million |
| 2013 | 12.08% | 11.81% | 0.85x | 1.20x | CN¥36.00 Million |
| 2014 | 13.21% | 12.77% | 0.87x | 1.19x | CN¥57.30 Million |
| 2015 | 13.42% | 13.21% | 0.87x | 1.17x | CN¥63.16 Million |
| 2016 | 13.37% | 13.59% | 0.81x | 1.21x | CN¥74.41 Million |
| 2017 | 15.20% | 13.89% | 0.87x | 1.26x | CN¥124.67 Million |
| 2018 | 13.11% | 11.44% | 0.85x | 1.34x | CN¥73.63 Million |
| 2019 | 12.01% | 10.68% | 0.78x | 1.44x | CN¥48.73 Million |
| 2020 | 15.74% | 15.88% | 0.73x | 1.35x | CN¥144.50 Million |
| 2021 | 16.66% | 13.37% | 0.83x | 1.50x | CN¥179.37 Million |
| 2022 | 16.88% | 13.47% | 0.76x | 1.65x | CN¥199.12 Million |
| 2023 | 12.83% | 14.29% | 0.65x | 1.39x | CN¥123.19 Million |
| 2024 | 16.08% | 14.98% | 0.74x | 1.44x | CN¥264.90 Million |
Industry Comparison
This section compares Zhejiang Weixing Industrial Development Co Ltd's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $2,396,098,144
- Average return on equity (ROE) among peers: 11.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Weixing Industrial Development Co Ltd (002003) | CN¥4.66 Billion | 18.76% | 0.49x | $872.92 Million |
| Fujian Septwolves Industry Co Ltd (002029) | $4.34 Billion | 12.93% | 0.28x | $455.31 Million |
| Fujian SBS Zipper Science Tech (002098) | $907.36 Million | 22.11% | 1.44x | $193.92 Million |
| Zhejiang Baoxiniao Garment Co Ltd (002154) | $4.05 Billion | 11.33% | 0.48x | $465.11 Million |
| Shanghai Metersbonwe Fashion&Accessories Co Ltd (002269) | $451.05 Million | 7.04% | 5.02x | $376.25 Million |
| Zhejiang Jiaxin Silk Corp Ltd (002404) | $1.35 Billion | 5.95% | 0.28x | $265.95 Million |
| Cedar Development Co Ltd (002485) | $1.98 Billion | 0.38% | 0.24x | $115.45 Million |
| Huasi Agricultural Development Co Ltd (002494) | $126.35 Million | 16.94% | 0.98x | $193.25 Million |
| Zhejiang Semir Garment Co Ltd (002563) | $7.76 Billion | 15.77% | 0.17x | $517.45 Million |
| Zhejiang Busen Garments Co Ltd (002569) | $613.00 Million | 6.55% | 0.44x | $191.63 Million |