Zoje Resources Investment Co Ltd
Zoje Resources Investment Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of industrial sewing machines in China and internationally. The company offers industrial lockstitch, overlock, interlock, zigzag, coverstitch, template, twin-needle, heavy-duty, automation, synchronous, pattern, bartacking, button sewing, buttonhole, roller, and special… Read more
Zoje Resources Investment Co Ltd (002021) - Net Assets
Latest net assets as of September 2025: CN¥624.82 Million CNY
Based on the latest financial reports, Zoje Resources Investment Co Ltd (002021) has net assets worth CN¥624.82 Million 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¥862.52 Million) and total liabilities (CN¥237.70 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¥624.82 Million |
| % of Total Assets | 72.44% |
| Annual Growth Rate | 10.3% |
| 5-Year Change | 1.02% |
| 10-Year Change | -38.17% |
| Growth Volatility | 92.96 |
Zoje Resources Investment Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Zoje Resources Investment 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 Zoje Resources Investment Co Ltd (2001–2024)
The table below shows the annual net assets of Zoje Resources Investment Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥636.82 Million | +2.26% |
| 2023-12-31 | CN¥622.73 Million | +312.77% |
| 2022-12-31 | CN¥-292.67 Million | -350.72% |
| 2021-12-31 | CN¥116.73 Million | -81.48% |
| 2020-12-31 | CN¥630.40 Million | -11.06% |
| 2019-12-31 | CN¥708.76 Million | +1.38% |
| 2018-12-31 | CN¥699.09 Million | -26.03% |
| 2017-12-31 | CN¥945.14 Million | -9.06% |
| 2016-12-31 | CN¥1.04 Billion | +0.90% |
| 2015-12-31 | CN¥1.03 Billion | -33.28% |
| 2014-12-31 | CN¥1.54 Billion | +39.29% |
| 2013-12-31 | CN¥1.11 Billion | +2.58% |
| 2012-12-31 | CN¥1.08 Billion | +1.15% |
| 2011-12-31 | CN¥1.07 Billion | +13.83% |
| 2010-12-31 | CN¥938.32 Million | +6.82% |
| 2009-12-31 | CN¥878.43 Million | -10.62% |
| 2008-12-31 | CN¥982.82 Million | +2.37% |
| 2007-12-31 | CN¥960.07 Million | +93.96% |
| 2006-12-31 | CN¥494.98 Million | +9.35% |
| 2005-12-31 | CN¥452.67 Million | +10.30% |
| 2004-12-31 | CN¥410.39 Million | +209.72% |
| 2003-12-31 | CN¥132.50 Million | +30.56% |
| 2002-12-31 | CN¥101.49 Million | +52.06% |
| 2001-12-31 | CN¥66.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zoje Resources Investment 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 decreased by 21553.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.21 Billion | 190.46% |
| Other Comprehensive Income | CN¥30.55 Million | 4.83% |
| Other Components | CN¥307.68 Million | 48.62% |
| Total Equity | CN¥632.88 Million | 100.00% |
Zoje Resources Investment Co Ltd Competitors by Market Cap
The table below lists competitors of Zoje Resources Investment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yunnan QuakeSafe Seismic Isolation Technologies Co Ltd Class A
SHE:300767
|
$488.69 Million |
|
Forestar Group Inc
NYSE:FOR
|
$488.81 Million |
|
Mawson Gold Ltd
PINK:MWSNF
|
$489.00 Million |
|
Shanghai Anlogic Infotech Co Ltd
SHG:688107
|
$489.21 Million |
|
Xinya Electronic Co Ltd
SHG:605277
|
$488.48 Million |
|
Yueyang Xingchang Petro-Chemical Co Ltd
SHE:000819
|
$488.35 Million |
|
Duckhorn Portfolio Inc
NYSE:NAPA
|
$488.33 Million |
|
Tega Industries Limited
NSE:TEGA
|
$488.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zoje Resources Investment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 618,013,459 to 632,878,613, a change of 14,865,154 (2.4%).
- Net income of 17,684,681 contributed positively to equity growth.
- Dividend payments of 1,165,427 reduced retained earnings.
- Share repurchases of 10,000,100 reduced equity.
- Other comprehensive income increased equity by 30,553,274.
- Other factors decreased equity by 22,207,274.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥17.68 Million | +2.79% |
| Dividends Paid | CN¥1.17 Million | -0.18% |
| Share Repurchases | CN¥10.00 Million | -1.58% |
| Other Comprehensive Income | CN¥30.55 Million | +4.83% |
| Other Changes | CN¥-22.21 Million | -3.51% |
| Total Change | CN¥- | 2.41% |
Book Value vs Market Value Analysis
This analysis compares Zoje Resources Investment 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: 6.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 26.83x to 6.54x 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¥3.44 | x |
| 2002-12-31 | CN¥0.20 | CN¥3.44 | x |
| 2003-12-31 | CN¥0.25 | CN¥3.44 | x |
| 2004-12-31 | CN¥0.80 | CN¥3.44 | x |
| 2005-12-31 | CN¥0.85 | CN¥3.44 | x |
| 2006-12-31 | CN¥1.12 | CN¥3.44 | x |
| 2007-12-31 | CN¥1.82 | CN¥3.44 | x |
| 2008-12-31 | CN¥2.15 | CN¥3.44 | x |
| 2009-12-31 | CN¥1.42 | CN¥3.44 | x |
| 2010-12-31 | CN¥1.50 | CN¥3.44 | x |
| 2011-12-31 | CN¥1.61 | CN¥3.44 | x |
| 2012-12-31 | CN¥1.90 | CN¥3.44 | x |
| 2013-12-31 | CN¥1.62 | CN¥3.44 | x |
| 2014-12-31 | CN¥2.37 | CN¥3.44 | x |
| 2015-12-31 | CN¥1.47 | CN¥3.44 | x |
| 2016-12-31 | CN¥1.32 | CN¥3.44 | x |
| 2017-12-31 | CN¥1.41 | CN¥3.44 | x |
| 2018-12-31 | CN¥1.00 | CN¥3.44 | x |
| 2019-12-31 | CN¥1.11 | CN¥3.44 | x |
| 2020-12-31 | CN¥0.92 | CN¥3.44 | x |
| 2021-12-31 | CN¥0.16 | CN¥3.44 | x |
| 2022-12-31 | CN¥-0.25 | CN¥3.44 | x |
| 2023-12-31 | CN¥0.51 | CN¥3.44 | x |
| 2024-12-31 | CN¥0.53 | CN¥3.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zoje Resources Investment 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): 2.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.93%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.55x
- Recent ROE (2.79%) is above the historical average (-12.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 36.07% | 10.41% | 1.06x | 3.27x | CN¥17.00 Million |
| 2002 | 34.40% | 10.97% | 1.01x | 3.10x | CN¥24.24 Million |
| 2003 | 23.08% | 8.11% | 0.88x | 3.22x | CN¥16.89 Million |
| 2004 | 8.60% | 7.30% | 0.51x | 2.30x | CN¥-5.68 Million |
| 2005 | 12.78% | 8.07% | 0.57x | 2.77x | CN¥12.02 Million |
| 2006 | 15.06% | 9.38% | 0.69x | 2.33x | CN¥24.07 Million |
| 2007 | 7.51% | 8.65% | 0.51x | 1.71x | CN¥-23.74 Million |
| 2008 | 0.72% | 1.29% | 0.32x | 1.74x | CN¥-88.24 Million |
| 2009 | -10.28% | -18.34% | 0.24x | 2.37x | CN¥-170.07 Million |
| 2010 | 5.66% | 4.84% | 0.44x | 2.65x | CN¥-38.37 Million |
| 2011 | 7.45% | 5.47% | 0.49x | 2.75x | CN¥-24.19 Million |
| 2012 | 2.10% | 1.82% | 0.38x | 3.05x | CN¥-75.65 Million |
| 2013 | 4.32% | 3.00% | 0.43x | 3.37x | CN¥-55.68 Million |
| 2014 | 0.21% | 0.24% | 0.31x | 2.85x | CN¥-139.98 Million |
| 2015 | -42.06% | -58.08% | 0.45x | 1.62x | CN¥-529.79 Million |
| 2016 | 1.51% | 2.41% | 0.37x | 1.70x | CN¥-87.40 Million |
| 2017 | -9.95% | -9.30% | 0.57x | 1.88x | CN¥-186.89 Million |
| 2018 | -34.02% | -20.84% | 0.85x | 1.93x | CN¥-307.73 Million |
| 2019 | 1.45% | 1.45% | 0.61x | 1.64x | CN¥-60.62 Million |
| 2020 | -12.46% | -14.95% | 0.61x | 1.37x | CN¥-141.59 Million |
| 2021 | -460.39% | -53.94% | 0.65x | 13.04x | CN¥-528.70 Million |
| 2022 | 0.00% | -46.96% | 0.64x | 0.00x | CN¥-380.31 Million |
| 2023 | 96.22% | 82.80% | 0.44x | 2.63x | CN¥532.84 Million |
| 2024 | 2.79% | 1.93% | 0.93x | 1.55x | CN¥-45.60 Million |
Industry Comparison
This section compares Zoje Resources Investment Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zoje Resources Investment Co Ltd (002021) | CN¥624.82 Million | 36.07% | 0.38x | $488.64 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |