Zhejiang Kan Specialities Material Co Ltd (002012) - Net Assets
Based on the latest financial reports, Zhejiang Kan Specialities Material Co Ltd (002012) has net assets worth CN¥1.74 Billion CNY (≈ $255.23 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.91 Billion ≈ $279.04 Million USD) and total liabilities (CN¥162.69 Million ≈ $23.81 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 | 91.47% |
| 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 |
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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 |
|---|---|
|
Energy Vault Holdings Inc
NYSE:NRGV
|
$535.25 Million |
|
Guangdong Tianan New Material
SHG:603725
|
$535.32 Million |
|
Solaer Israel Ltd
TA:SOLR
|
$535.40 Million |
|
ChongQing Zhengchuan Pharmaceutical Packaging Co Ltd
SHG:603976
|
$535.45 Million |
|
Bannerman Energy Ltd
AU:BMN
|
$535.02 Million |
|
Standard Chartered PLC
LSE:STAN
|
$535.01 Million |
|
Zinzino AB Series B
ST:ZZ-B
|
$534.92 Million |
|
Sjóvá-Almennar tryggingar hf
IC:SJOVA
|
$534.91 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: 2.35x
- 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 45.67x to 2.35x 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¥7.82 | x |
| 2002-12-31 | CN¥0.26 | CN¥7.82 | x |
| 2003-12-31 | CN¥0.35 | CN¥7.82 | x |
| 2004-12-31 | CN¥0.87 | CN¥7.82 | x |
| 2005-12-31 | CN¥0.84 | CN¥7.82 | x |
| 2006-12-31 | CN¥0.86 | CN¥7.82 | x |
| 2007-12-31 | CN¥0.81 | CN¥7.82 | x |
| 2008-12-31 | CN¥0.93 | CN¥7.82 | x |
| 2009-12-31 | CN¥0.95 | CN¥7.82 | x |
| 2010-12-31 | CN¥1.23 | CN¥7.82 | x |
| 2011-12-31 | CN¥2.48 | CN¥7.82 | x |
| 2012-12-31 | CN¥2.34 | CN¥7.82 | x |
| 2013-12-31 | CN¥2.31 | CN¥7.82 | x |
| 2014-12-31 | CN¥2.57 | CN¥7.82 | x |
| 2015-12-31 | CN¥2.45 | CN¥7.82 | x |
| 2016-12-31 | CN¥2.74 | CN¥7.82 | x |
| 2017-12-31 | CN¥2.77 | CN¥7.82 | x |
| 2018-12-31 | CN¥2.49 | CN¥7.82 | x |
| 2019-12-31 | CN¥2.76 | CN¥7.82 | x |
| 2020-12-31 | CN¥2.96 | CN¥7.82 | x |
| 2021-12-31 | CN¥3.08 | CN¥7.82 | x |
| 2022-12-31 | CN¥3.08 | CN¥7.82 | x |
| 2023-12-31 | CN¥3.24 | CN¥7.82 | x |
| 2024-12-31 | CN¥3.27 | CN¥7.82 | x |
| 2025-12-31 | CN¥3.33 | CN¥7.82 | 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: $4,629,154,162
- Average return on equity (ROE) among peers: 8.56%
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 | $535.11 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $7.19 Billion | 8.38% | 1.50x | $571.94 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $33.57 Million | 30.54% | 2.41x | $1.95 Billion |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $2.96 Billion | 4.23% | 0.84x | $1.12 Billion |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $4.46 Billion | 3.96% | 2.41x | $5.34 Billion |
| Xiamen Anne Corp Ltd (002235) | $1.23 Billion | 1.83% | 0.22x | $873.54 Million |
| Qifeng New Material Co Ltd (002521) | $3.59 Billion | 4.60% | 0.41x | $651.54 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $21.10 Billion | -6.07% | 2.77x | $61.32 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $720.14 Million | 16.38% | 0.57x | $435.29 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $381.53 Million | 13.23% | 0.58x | $1.38 Billion |
About Zhejiang Kan Specialities Material Co Ltd
Zhejiang Kan Specialities Material Co., Ltd. develops and produces paper-based functional materials in China. The company offers specialty food packaging materials, such as natural kraft paper, white kraft paper, candy knot paper, high-strength packaging paper, silicone base paper, steamer paper, fluorinated and fluorine-free oil-resistant paper, water-based paper, waxed base paper, tea bag paper… Read more