Zhejiang Jinggong Science Technology (002006) - Net Assets
Based on the latest financial reports, Zhejiang Jinggong Science Technology (002006) has net assets worth CN¥2.40 Billion CNY (≈ $351.71 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¥4.18 Billion ≈ $611.37 Million USD) and total liabilities (CN¥1.77 Billion ≈ $259.66 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 Zhejiang Jinggong Science Technology tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.40 Billion |
| % of Total Assets | 57.53% |
| Annual Growth Rate | 17.28% |
| 5-Year Change | 140.89% |
| 10-Year Change | 165.26% |
| Growth Volatility | 65.39 |
Zhejiang Jinggong Science Technology - Net Assets Trend (2001–2024)
This chart illustrates how Zhejiang Jinggong Science Technology's net assets have evolved over time, based on quarterly financial data. See 002006 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Jinggong Science Technology (2001–2024)
The table below shows the annual net assets of Zhejiang Jinggong Science Technology from 2001 to 2024. For live valuation and market cap data, see market cap of Zhejiang Jinggong Science Technology.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.33 Billion ≈ $340.39 Million |
+75.93% |
| 2023-12-31 | CN¥1.32 Billion ≈ $193.48 Million |
-4.11% |
| 2022-12-31 | CN¥1.38 Billion ≈ $201.78 Million |
+28.34% |
| 2021-12-31 | CN¥1.07 Billion ≈ $157.22 Million |
+11.26% |
| 2020-12-31 | CN¥965.66 Million ≈ $141.31 Million |
+5.28% |
| 2019-12-31 | CN¥917.20 Million ≈ $134.21 Million |
-11.48% |
| 2018-12-31 | CN¥1.04 Billion ≈ $151.61 Million |
+0.88% |
| 2017-12-31 | CN¥1.03 Billion ≈ $150.29 Million |
+9.28% |
| 2016-12-31 | CN¥939.78 Million ≈ $137.52 Million |
+7.17% |
| 2015-12-31 | CN¥876.92 Million ≈ $128.32 Million |
+2.91% |
| 2014-12-31 | CN¥852.14 Million ≈ $124.69 Million |
+4.51% |
| 2013-12-31 | CN¥815.34 Million ≈ $119.31 Million |
-19.78% |
| 2012-12-31 | CN¥1.02 Billion ≈ $148.73 Million |
-18.49% |
| 2011-12-31 | CN¥1.25 Billion ≈ $182.47 Million |
+205.88% |
| 2010-12-31 | CN¥407.66 Million ≈ $59.65 Million |
+24.19% |
| 2009-12-31 | CN¥328.27 Million ≈ $48.04 Million |
+6.12% |
| 2008-12-31 | CN¥309.32 Million ≈ $45.26 Million |
-14.17% |
| 2007-12-31 | CN¥360.38 Million ≈ $52.73 Million |
-4.96% |
| 2006-12-31 | CN¥379.19 Million ≈ $55.49 Million |
-1.76% |
| 2005-12-31 | CN¥385.98 Million ≈ $56.48 Million |
+5.83% |
| 2004-12-31 | CN¥364.70 Million ≈ $53.37 Million |
+249.54% |
| 2003-12-31 | CN¥104.34 Million ≈ $15.27 Million |
+27.92% |
| 2002-12-31 | CN¥81.57 Million ≈ $11.94 Million |
+37.02% |
| 2001-12-31 | CN¥59.53 Million ≈ $8.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jinggong Science Technology'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 32029.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥607.73 Million | 26.13% |
| Common Stock | CN¥519.79 Million | 22.35% |
| Other Comprehensive Income | CN¥199.45 Million | 8.57% |
| Other Components | CN¥999.19 Million | 42.95% |
| Total Equity | CN¥2.33 Billion | 100.00% |
Zhejiang Jinggong Science Technology Competitors by Market Cap
The table below lists competitors of Zhejiang Jinggong Science Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Chlor-Alkali Chemical Co Ltd A
SHG:600618
|
$1.14 Billion |
|
Shenzhen Sunline Tech Co Ltd
SHE:300348
|
$1.14 Billion |
|
Shandong Hi-Speed Road&Bridge
SHE:000498
|
$1.14 Billion |
|
PharmaBlock Sciences Nanjing Inc Class A
SHE:300725
|
$1.14 Billion |
|
Porton Fine Chemicals Ltd
SHE:300363
|
$1.14 Billion |
|
Foschini Group Ltd
JSE:TFG
|
$1.14 Billion |
|
Rategain Travel Technologies Limited
NSE:RATEGAIN
|
$1.14 Billion |
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jinggong Science Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,313,744,954 to 2,326,167,410, a change of 1,012,422,456 (77.1%).
- Net income of 146,946,970 contributed positively to equity growth.
- Dividend payments of 72,683,999 reduced retained earnings.
- Other comprehensive income increased equity by 17,682,469.
- Other factors increased equity by 920,477,016.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥146.95 Million | +6.32% |
| Dividends Paid | CN¥72.68 Million | -3.12% |
| Other Comprehensive Income | CN¥17.68 Million | +0.76% |
| Other Changes | CN¥920.48 Million | +39.57% |
| Total Change | CN¥- | 77.06% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jinggong Science Technology'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: 2.95x
- 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 117.50x to 2.95x 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¥14.93 | x |
| 2002-12-31 | CN¥0.17 | CN¥14.93 | x |
| 2003-12-31 | CN¥0.22 | CN¥14.93 | x |
| 2004-12-31 | CN¥0.74 | CN¥14.93 | x |
| 2005-12-31 | CN¥0.73 | CN¥14.93 | x |
| 2006-12-31 | CN¥0.78 | CN¥14.93 | x |
| 2007-12-31 | CN¥0.77 | CN¥14.93 | x |
| 2008-12-31 | CN¥0.64 | CN¥14.93 | x |
| 2009-12-31 | CN¥0.72 | CN¥14.93 | x |
| 2010-12-31 | CN¥0.94 | CN¥14.93 | x |
| 2011-12-31 | CN¥3.23 | CN¥14.93 | x |
| 2012-12-31 | CN¥2.26 | CN¥14.93 | x |
| 2013-12-31 | CN¥1.84 | CN¥14.93 | x |
| 2014-12-31 | CN¥2.02 | CN¥14.93 | x |
| 2015-12-31 | CN¥1.64 | CN¥14.93 | x |
| 2016-12-31 | CN¥2.07 | CN¥14.93 | x |
| 2017-12-31 | CN¥2.27 | CN¥14.93 | x |
| 2018-12-31 | CN¥1.78 | CN¥14.93 | x |
| 2019-12-31 | CN¥1.99 | CN¥14.93 | x |
| 2020-12-31 | CN¥2.06 | CN¥14.93 | x |
| 2021-12-31 | CN¥2.32 | CN¥14.93 | x |
| 2022-12-31 | CN¥2.97 | CN¥14.93 | x |
| 2023-12-31 | CN¥2.87 | CN¥14.93 | x |
| 2024-12-31 | CN¥5.07 | CN¥14.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jinggong Science Technology 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.78x
- Recent ROE (6.32%) is above the historical average (6.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 20.49% | 12.46% | 0.77x | 2.14x | CN¥6.24 Million |
| 2002 | 24.42% | 10.72% | 1.03x | 2.21x | CN¥11.39 Million |
| 2003 | 22.14% | 10.82% | 0.85x | 2.39x | CN¥12.33 Million |
| 2004 | 7.13% | 8.48% | 0.45x | 1.89x | CN¥-9.96 Million |
| 2005 | 5.38% | 4.96% | 0.40x | 2.74x | CN¥-15.87 Million |
| 2006 | 1.14% | 0.97% | 0.40x | 2.99x | CN¥-29.92 Million |
| 2007 | 1.55% | 1.06% | 0.46x | 3.14x | CN¥-28.32 Million |
| 2008 | -17.20% | -7.81% | 0.47x | 4.71x | CN¥-75.81 Million |
| 2009 | 7.40% | 3.63% | 0.48x | 4.24x | CN¥-8.17 Million |
| 2010 | 22.72% | 9.35% | 0.57x | 4.27x | CN¥51.04 Million |
| 2011 | 32.17% | 17.08% | 0.87x | 2.16x | CN¥276.83 Million |
| 2012 | -19.00% | -26.47% | 0.33x | 2.16x | CN¥-297.17 Million |
| 2013 | -23.90% | -26.61% | 0.37x | 2.43x | CN¥-280.94 Million |
| 2014 | 1.48% | 1.40% | 0.54x | 1.96x | CN¥-72.29 Million |
| 2015 | 1.83% | 2.44% | 0.42x | 1.80x | CN¥-70.77 Million |
| 2016 | 6.75% | 9.01% | 0.43x | 1.74x | CN¥-30.22 Million |
| 2017 | 9.69% | 10.43% | 0.53x | 1.74x | CN¥-3.16 Million |
| 2018 | 0.56% | 0.57% | 0.52x | 1.88x | CN¥-96.58 Million |
| 2019 | -13.36% | -13.98% | 0.50x | 1.90x | CN¥-211.59 Million |
| 2020 | 3.02% | 2.65% | 0.52x | 2.20x | CN¥-65.63 Million |
| 2021 | 10.23% | 6.24% | 0.69x | 2.38x | CN¥2.39 Million |
| 2022 | 21.67% | 12.44% | 0.91x | 1.91x | CN¥157.97 Million |
| 2023 | 13.73% | 11.71% | 0.62x | 1.89x | CN¥48.99 Million |
| 2024 | 6.32% | 8.50% | 0.42x | 1.78x | CN¥-85.67 Million |
Industry Comparison
This section compares Zhejiang Jinggong Science Technology's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jinggong Science Technology (002006) | CN¥2.40 Billion | 20.49% | 0.74x | $1.14 Billion |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Zhejiang Jinggong Science Technology
Zhejiang Jinggong Integration Technology Co., Ltd. researches, develops, produces, and sells special equipment for new carbon fiber materials, polyester recycling equipment, special equipment for solar photovoltaic and new building energy-saving. The company offers carbon fiber, carbon neutral, new energy, intelligent machine, intelligent spinning, and fabrication materials. It is involved in man… Read more