Zhejiang Kan Specialities Material Co Ltd (002012) - Net Assets

Latest as of December 2025: CN¥1.74 Billion CNY ≈ $254.89 Million USD

Based on the latest financial reports, Zhejiang Kan Specialities Material Co Ltd (002012) has net assets worth CN¥1.74 Billion CNY (≈ $254.89 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.90 Billion ≈ $278.07 Million USD) and total liabilities (CN¥158.44 Million ≈ $23.18 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 Kan Specialities Material Co Lt asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.74 Billion
% of Total Assets	91.66%
Annual Growth Rate	13.66%
5-Year Change	-3.16%
10-Year Change	37.61%
Growth Volatility	36.83

Zhejiang Kan Specialities Material Co Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Zhejiang Kan Specialities Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002012 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Zhejiang Kan Specialities Material Co Ltd (2001–2025)

The table below shows the annual net assets of Zhejiang Kan Specialities Material Co Ltd from 2001 to 2025. For live valuation and market cap data, see market value of Zhejiang Kan Specialities Material Co Lt.

Year	Net Assets	Change
2025-12-31	CN¥1.74 Billion ≈ $254.89 Million	+2.46%
2024-12-31	CN¥1.70 Billion ≈ $248.78 Million	+0.16%
2023-12-31	CN¥1.70 Billion ≈ $248.38 Million	-0.97%
2022-12-31	CN¥1.71 Billion ≈ $250.83 Million	-4.70%
2021-12-31	CN¥1.80 Billion ≈ $263.20 Million	+14.72%
2020-12-31	CN¥1.57 Billion ≈ $229.43 Million	+11.73%
2019-12-31	CN¥1.40 Billion ≈ $205.34 Million	+5.00%
2018-12-31	CN¥1.34 Billion ≈ $195.56 Million	+2.99%
2017-12-31	CN¥1.30 Billion ≈ $189.87 Million	+2.51%
2016-12-31	CN¥1.27 Billion ≈ $185.22 Million	+1.45%
2015-12-31	CN¥1.25 Billion ≈ $182.58 Million	+0.34%
2014-12-31	CN¥1.24 Billion ≈ $181.96 Million	+4.07%
2013-12-31	CN¥1.19 Billion ≈ $174.85 Million	+0.03%
2012-12-31	CN¥1.19 Billion ≈ $174.79 Million	+5.61%
2011-12-31	CN¥1.13 Billion ≈ $165.51 Million	+108.35%
2010-12-31	CN¥542.88 Million ≈ $79.44 Million	+26.97%
2009-12-31	CN¥427.58 Million ≈ $62.57 Million	+12.36%
2008-12-31	CN¥380.56 Million ≈ $55.69 Million	+8.28%
2007-12-31	CN¥351.46 Million ≈ $51.43 Million	-2.53%
2006-12-31	CN¥360.60 Million ≈ $52.77 Million	-0.10%
2005-12-31	CN¥360.95 Million ≈ $52.82 Million	-2.50%
2004-12-31	CN¥370.19 Million ≈ $54.17 Million	+156.33%
2003-12-31	CN¥144.42 Million ≈ $21.13 Million	+36.07%
2002-12-31	CN¥106.14 Million ≈ $15.53 Million	+31.70%
2001-12-31	CN¥80.60 Million ≈ $11.79 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 2464.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥717.69 Million	46.10%
Common Stock	CN¥467.63 Million	30.04%
Other Comprehensive Income	CN¥125.36 Million	8.05%
Other Components	CN¥246.08 Million	15.81%
Total Equity	CN¥1.56 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
Hubei Yingtong Telecommunication Cable Co Ltd SHE:002861	$487.94 Million
Dream Finders Homes Inc NYSE:DFH	$488.07 Million
Nam Long Investment Corp VN:NLG	$488.41 Million
Euroseas Ltd NASDAQ:ESEA	$488.48 Million
ECS ICT Bhd KLSE:5162	$487.88 Million
Youngtek Electronics TWO:6261	$487.83 Million
Zhuhai Winbase International Chemical Tank Terminal Co Ltd SHE:002492	$487.74 Million
Shaanxi Panlong Pharmaceutical Group Limited By Share Ltd Class A SHE:002864	$487.72 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 2024 to 2025, total equity changed from 1,526,928,753 to 1,556,756,510, a change of 29,827,757 (2.0%).
Net income of 31,698,253 contributed positively to equity growth.
Dividend payments of 1,870,496 reduced retained earnings.
Other comprehensive income increased equity by 125,356,231.
Other factors decreased equity by 125,356,231.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥31.70 Million	+2.04%
Dividends Paid	CN¥1.87 Million	-0.12%
Other Comprehensive Income	CN¥125.36 Million	+8.05%
Other Changes	CN¥-125.36 Million	-8.05%
Total Change	CN¥-	1.95%

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: 2.14x
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 41.64x to 2.14x 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¥0.17	CN¥7.13	x
2002-12-31	CN¥0.26	CN¥7.13	x
2003-12-31	CN¥0.35	CN¥7.13	x
2004-12-31	CN¥0.87	CN¥7.13	x
2005-12-31	CN¥0.84	CN¥7.13	x
2006-12-31	CN¥0.86	CN¥7.13	x
2007-12-31	CN¥0.81	CN¥7.13	x
2008-12-31	CN¥0.93	CN¥7.13	x
2009-12-31	CN¥0.95	CN¥7.13	x
2010-12-31	CN¥1.23	CN¥7.13	x
2011-12-31	CN¥2.48	CN¥7.13	x
2012-12-31	CN¥2.34	CN¥7.13	x
2013-12-31	CN¥2.31	CN¥7.13	x
2014-12-31	CN¥2.57	CN¥7.13	x
2015-12-31	CN¥2.45	CN¥7.13	x
2016-12-31	CN¥2.74	CN¥7.13	x
2017-12-31	CN¥2.77	CN¥7.13	x
2018-12-31	CN¥2.49	CN¥7.13	x
2019-12-31	CN¥2.76	CN¥7.13	x
2020-12-31	CN¥2.96	CN¥7.13	x
2021-12-31	CN¥3.08	CN¥7.13	x
2022-12-31	CN¥3.08	CN¥7.13	x
2023-12-31	CN¥3.24	CN¥7.13	x
2024-12-31	CN¥3.27	CN¥7.13	x
2025-12-31	CN¥3.33	CN¥7.13	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): 2.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.06%
• Asset Turnover: 0.33x
• Equity Multiplier: 1.22x
Recent ROE (2.04%) is below the historical average (8.26%), 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%	18.25%	0.66x	2.55x	CN¥16.74 Million
2002	31.09%	18.96%	0.69x	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
2007	-4.95%	-4.77%	0.50x	2.10x	CN¥-49.69 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%	4.35%	0.59x	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
2025	2.04%	5.06%	0.33x	1.22x	CN¥-123.98 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: $4,793,450,721
Average return on equity (ROE) among peers: 10.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Kan Specialities Material Co Ltd (002012)	CN¥1.74 Billion	30.87%	0.09x	$487.89 Million
Shandong Chenming Paper Holdings Ltd (000488)	$22.55 Billion	9.16%	2.67x	$626.88 Million
MCC Meili Paper Industry Co Ltd (000815)	$2.02 Billion	1.26%	0.38x	$2.34 Billion
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067)	$4.53 Billion	4.17%	0.25x	$1.09 Billion
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078)	$7.39 Billion	9.02%	1.67x	$6.04 Billion
Xiamen Anne Corp Ltd (002235)	$453.96 Million	11.63%	0.34x	$1.05 Billion
Qifeng New Material Co Ltd (002521)	$4.02 Billion	2.79%	0.37x	$672.03 Million
Shandong Chenming Paper Holdings Ltd Class B (200488)	$1.72 Billion	10.06%	0.92x	$69.43 Million
Cre8 Direct Ningbo Co Ltd (300703)	$72.67 Million	32.15%	2.25x	$490.98 Million
Fujian Qingshan Paper Industry Co Ltd (600103)	$381.53 Million	13.23%	0.58x	$1.61 Billion

About Zhejiang Kan Specialities Material Co Ltd

SHE:002012 China Paper & Paper Products

Market Cap

$487.89 Million

CN¥3.33 Billion CNY

Market Cap Rank

#12726 Global

#3990 in China

Share Price

CN¥7.13

Change (1 day)

+2.44%

52-Week Range

CN¥4.79 - CN¥7.43

All Time High

CN¥14.95