Zhejiang Kan Specialities Material Co Ltd
Zhejiang Kan Specialities Material Co., Ltd. develops and produces paper-based functional materials in China. The company offers electrolytic capacitor diaphragm, supercapacitor diaphragm, non-heat and heat sealable tea bag filter, drying bag paper, tobacco supporting paper, and paper and tape base paper, as well as paper tape, double-sided tape, cotton paper, etc. Zhejiang Kan Specialities Mater… Read more
Zhejiang Kan Specialities Material Co Ltd (002012) - Net Assets
Latest net assets as of June 2025: CN¥1.70 Billion CNY
Based on the latest financial reports, Zhejiang Kan Specialities Material Co Ltd (002012) has net assets worth CN¥1.70 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.86 Billion) and total liabilities (CN¥159.25 Million). 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¥1.70 Billion |
| % of Total Assets | 91.44% |
| Annual Growth Rate | 14.17% |
| 5-Year Change | 8.43% |
| 10-Year Change | 36.26% |
| Growth Volatility | 37.49 |
Zhejiang Kan Specialities Material Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Zhejiang Kan Specialities Material 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 Kan Specialities Material Co Ltd (2001–2024)
The table below shows the annual net assets of Zhejiang Kan Specialities Material Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.70 Billion | +0.16% |
| 2023-12-31 | CN¥1.70 Billion | -0.97% |
| 2022-12-31 | CN¥1.71 Billion | -4.70% |
| 2021-12-31 | CN¥1.80 Billion | +14.72% |
| 2020-12-31 | CN¥1.57 Billion | +11.73% |
| 2019-12-31 | CN¥1.40 Billion | +5.00% |
| 2018-12-31 | CN¥1.34 Billion | +2.99% |
| 2017-12-31 | CN¥1.30 Billion | +2.51% |
| 2016-12-31 | CN¥1.27 Billion | +1.45% |
| 2015-12-31 | CN¥1.25 Billion | +0.34% |
| 2014-12-31 | CN¥1.24 Billion | +4.07% |
| 2013-12-31 | CN¥1.19 Billion | +0.03% |
| 2012-12-31 | CN¥1.19 Billion | +5.61% |
| 2011-12-31 | CN¥1.13 Billion | +108.35% |
| 2010-12-31 | CN¥542.88 Million | +26.97% |
| 2009-12-31 | CN¥427.58 Million | +12.36% |
| 2008-12-31 | CN¥380.56 Million | +8.28% |
| 2007-12-31 | CN¥351.46 Million | -2.53% |
| 2006-12-31 | CN¥360.60 Million | -0.10% |
| 2005-12-31 | CN¥360.95 Million | -2.50% |
| 2004-12-31 | CN¥370.19 Million | +156.33% |
| 2003-12-31 | CN¥144.42 Million | +36.07% |
| 2002-12-31 | CN¥106.14 Million | +31.70% |
| 2001-12-31 | CN¥80.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Kan Specialities Material 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 2367.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥690.42 Million | 45.22% |
| Other Components | CN¥836.51 Million | 54.78% |
| Total Equity | CN¥1.53 Billion | 100.00% |
Zhejiang Kan Specialities Material Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Kan Specialities Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arafura Resources Limited
DU:REB
|
$340.10 Million |
|
Akebia Ther
NASDAQ:AKBA
|
$340.21 Million |
|
Sella Capital Real Estate Ltd
PINK:STCPF
|
$340.23 Million |
|
Chatham Lodging Trust REIT
NYSE:CLDT
|
$340.42 Million |
|
Iteos Therapeutics Inc
NASDAQ:ITOS
|
$339.96 Million |
|
Hynar Water Group Co. Ltd.
SHE:300961
|
$339.95 Million |
|
SHIZUOKA GAS CO. LTD.
F:1KS
|
$339.77 Million |
|
Sichuan Zhongguang Lightning Protection Technologies Co Ltd
SHE:300414
|
$339.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Kan Specialities Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,535,668,428 to 1,526,928,753, a change of -8,739,675 (-0.6%).
- Net income of 5,740,784 contributed positively to equity growth.
- Dividend payments of 17,189,403 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.74 Million | +0.38% |
| Dividends Paid | CN¥17.19 Million | -1.13% |
| Other Changes | CN¥2.71 Million | +0.18% |
| Total Change | CN¥- | -0.57% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Kan Specialities Material 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: 2.16x
- 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 2.72x to 2.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.59 | CN¥7.04 | x |
| 2018-12-31 | CN¥2.64 | CN¥7.04 | x |
| 2019-12-31 | CN¥2.74 | CN¥7.04 | x |
| 2020-12-31 | CN¥2.93 | CN¥7.04 | x |
| 2021-12-31 | CN¥3.10 | CN¥7.04 | x |
| 2022-12-31 | CN¥3.19 | CN¥7.04 | x |
| 2023-12-31 | CN¥3.28 | CN¥7.04 | x |
| 2024-12-31 | CN¥3.27 | CN¥7.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Kan Specialities Material 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): 0.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.97%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.18x
- Recent ROE (0.38%) is below the historical average (9.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 30.87% | 0.00% | 0.00x | 2.55x | CN¥16.74 Million |
| 2002 | 31.09% | 0.00% | 0.00x | 2.36x | CN¥22.26 Million |
| 2003 | 26.37% | 18.81% | 0.63x | 2.22x | CN¥23.49 Million |
| 2004 | 12.46% | 17.89% | 0.45x | 1.56x | CN¥8.75 Million |
| 2005 | 7.39% | 9.06% | 0.36x | 2.25x | CN¥-9.03 Million |
| 2006 | 2.26% | 2.45% | 0.36x | 2.58x | CN¥-26.72 Million |
| 2008 | 6.28% | 5.79% | 0.53x | 2.06x | CN¥-13.18 Million |
| 2009 | 16.31% | 10.72% | 0.53x | 2.87x | CN¥23.63 Million |
| 2010 | 21.95% | 12.90% | 0.69x | 2.47x | CN¥57.59 Million |
| 2011 | 11.06% | 12.28% | 0.58x | 1.55x | CN¥11.34 Million |
| 2012 | 7.68% | 9.95% | 0.54x | 1.44x | CN¥-25.94 Million |
| 2013 | 1.30% | 1.49% | 0.59x | 1.47x | CN¥-97.42 Million |
| 2014 | 3.50% | 4.40% | 0.58x | 1.37x | CN¥-75.49 Million |
| 2015 | 1.64% | 2.16% | 0.55x | 1.38x | CN¥-98.70 Million |
| 2016 | 0.73% | 0.92% | 0.54x | 1.47x | CN¥-110.19 Million |
| 2017 | 2.53% | 2.98% | 0.58x | 1.47x | CN¥-90.40 Million |
| 2018 | 2.01% | 2.20% | 0.61x | 1.51x | CN¥-98.71 Million |
| 2019 | 3.63% | 4.03% | 0.63x | 1.44x | CN¥-81.56 Million |
| 2020 | 6.76% | 5.97% | 0.69x | 1.63x | CN¥-44.38 Million |
| 2021 | 6.49% | 5.14% | 0.76x | 1.67x | CN¥-50.88 Million |
| 2022 | 3.58% | 3.84% | 0.60x | 1.54x | CN¥-95.92 Million |
| 2023 | 3.09% | 5.75% | 0.42x | 1.28x | CN¥-106.10 Million |
| 2024 | 0.38% | 0.97% | 0.33x | 1.18x | CN¥-146.95 Million |
Industry Comparison
This section compares Zhejiang Kan Specialities Material Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $1,069,608,486
- Average return on equity (ROE) among peers: 15.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Kan Specialities Material Co Ltd (002012) | CN¥1.70 Billion | 30.87% | 0.09x | $340.02 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $1.48 Billion | 8.64% | 0.67x | $856.84 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.01 Billion |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $334.24 Million | 16.95% | 2.25x | $888.99 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $4.46 Billion | 3.96% | 2.41x | $2.97 Billion |
| Xiamen Anne Corp Ltd (002235) | $453.96 Million | 11.63% | 0.34x | $679.45 Million |
| Qifeng New Material Co Ltd (002521) | $382.94 Million | 31.00% | 1.37x | $387.93 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $1.32 Billion | 13.98% | 0.36x | $251.60 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $96.98 Million | 33.95% | 2.34x | $282.96 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $519.79 Million | 14.19% | 0.64x | $808.66 Million |