Zhejiang Sanhua Co Ltd

SHE:002050 China Specialty Industrial Machinery
Market Cap
$23.34 Billion
CN¥171.24 Billion CNY
Market Cap Rank
#1500 Global
#66 in China
Share Price
CN¥45.89
Change (1 day)
-1.67%
52-Week Range
CN¥22.86 - CN¥58.56
All Time High
CN¥7976.86
Categories
Companies in China Specialty Industrial Machinery
About

Zhejiang Sanhua Intelligent Controls Co.,Ltd engages in the research, manufacture, and sale of refrigeration and air-conditioning electrical parts, and auto parts in China and internationally. Its products include valves, four-way reversing valves, electronic and thermal expansion valves, solenoid valves, micro-channel heat exchangers, omega pumps, electronic water pumps, energy vehicle thermal m… Read more

Zhejiang Sanhua Co Ltd (002050) - Net Assets

Latest net assets as of September 2025: CN¥31.90 Billion CNY

Based on the latest financial reports, Zhejiang Sanhua Co Ltd (002050) has net assets worth CN¥31.90 Billion 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¥48.51 Billion) and total liabilities (CN¥16.62 Billion). 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¥31.90 Billion
% of Total Assets 65.75%
Annual Growth Rate 27.11%
5-Year Change 92.26%
10-Year Change 316.41%
Growth Volatility 48.4

Zhejiang Sanhua Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Zhejiang Sanhua 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 Sanhua Co Ltd (2002–2024)

The table below shows the annual net assets of Zhejiang Sanhua Co Ltd from 2002 to 2024.

Year Net Assets Change
2024-12-31 CN¥19.52 Billion +8.06%
2023-12-31 CN¥18.06 Billion +37.69%
2022-12-31 CN¥13.12 Billion +16.59%
2021-12-31 CN¥11.25 Billion +10.83%
2020-12-31 CN¥10.15 Billion +8.41%
2019-12-31 CN¥9.37 Billion +7.65%
2018-12-31 CN¥8.70 Billion +9.78%
2017-12-31 CN¥7.93 Billion +47.68%
2016-12-31 CN¥5.37 Billion +14.48%
2015-12-31 CN¥4.69 Billion +31.99%
2014-12-31 CN¥3.55 Billion +12.56%
2013-12-31 CN¥3.15 Billion +7.65%
2012-12-31 CN¥2.93 Billion -3.07%
2011-12-31 CN¥3.02 Billion +11.36%
2010-12-31 CN¥2.71 Billion +92.43%
2009-12-31 CN¥1.41 Billion +10.35%
2008-12-31 CN¥1.28 Billion +190.85%
2007-12-31 CN¥439.59 Million +7.53%
2006-12-31 CN¥408.80 Million +5.68%
2005-12-31 CN¥386.82 Million +153.01%
2004-12-31 CN¥152.89 Million +28.35%
2003-12-31 CN¥119.12 Million +19.59%
2002-12-31 CN¥99.60 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Sanhua 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 82454.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.65 Billion 60.37%
Common Stock CN¥3.73 Billion 19.34%
Other Comprehensive Income CN¥1.25 Billion 6.47%
Other Components CN¥2.67 Billion 13.82%
Total Equity CN¥19.30 Billion 100.00%

Zhejiang Sanhua Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Sanhua Co Ltd ranked by their market capitalization.

Company Market Cap
Concordia Financial Group Ltd
OTCGREY:CRDIY
 		$11.65 Billion
Link Real Estate Investment Trust
PINK:LKREF
 		$11.66 Billion
Crown Holdings Inc
NYSE:CCK
 		$11.67 Billion
Carlsberg A/S
PINK:CABJF
 		$11.67 Billion
Bajaj Auto Limited
NSE:BAJAJ-AUTO
 		$11.62 Billion
Sumitomo Electric Industries Ltd
PINK:SMTOF
 		$11.62 Billion
Samsara Inc
NYSE:IOT
 		$11.61 Billion
Ionis Pharmaceuticals Inc
NASDAQ:IONS
 		$11.61 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Sanhua Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 17,894,403,984 to 19,297,769,106, a change of 1,403,365,122 (7.8%).
  • Net income of 3,099,165,134 contributed positively to equity growth.
  • Dividend payments of 1,431,616,011 reduced retained earnings.
  • Share repurchases of 302,102,135 reduced equity.
  • Other comprehensive income increased equity by 267,604,252.
  • Other factors decreased equity by 229,686,118.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥3.10 Billion +16.06%
Dividends Paid CN¥1.43 Billion -7.42%
Share Repurchases CN¥302.10 Million -1.57%
Other Comprehensive Income CN¥267.60 Million +1.39%
Other Changes CN¥-229.69 Million -1.19%
Total Change CN¥- 7.84%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Sanhua 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: 8.77x
  • 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 924.98x to 8.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CN¥0.05 CN¥45.89 x
2003-12-31 CN¥0.06 CN¥45.89 x
2004-12-31 CN¥0.08 CN¥45.89 x
2005-12-31 CN¥0.19 CN¥45.89 x
2006-12-31 CN¥0.21 CN¥45.89 x
2007-12-31 CN¥0.19 CN¥45.89 x
2008-12-31 CN¥0.51 CN¥45.89 x
2009-12-31 CN¥0.54 CN¥45.89 x
2010-12-31 CN¥1.08 CN¥45.89 x
2011-12-31 CN¥1.05 CN¥45.89 x
2012-12-31 CN¥1.12 CN¥45.89 x
2013-12-31 CN¥1.21 CN¥45.89 x
2014-12-31 CN¥1.19 CN¥45.89 x
2015-12-31 CN¥1.55 CN¥45.89 x
2016-12-31 CN¥1.56 CN¥45.89 x
2017-12-31 CN¥2.26 CN¥45.89 x
2018-12-31 CN¥2.41 CN¥45.89 x
2019-12-31 CN¥2.61 CN¥45.89 x
2020-12-31 CN¥2.82 CN¥45.89 x
2021-12-31 CN¥3.11 CN¥45.89 x
2022-12-31 CN¥3.60 CN¥45.89 x
2023-12-31 CN¥4.96 CN¥45.89 x
2024-12-31 CN¥5.23 CN¥45.89 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Sanhua 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): 16.06%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.09%
  • • Asset Turnover: 0.77x
  • • Equity Multiplier: 1.88x
  • Recent ROE (16.06%) is above the historical average (15.80%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 16.53% 12.33% 0.69x 1.95x CN¥6.50 Million
2003 23.27% 13.00% 0.75x 2.39x CN¥15.80 Million
2004 27.52% 11.55% 1.04x 2.30x CN¥26.78 Million
2005 11.57% 9.07% 0.83x 1.54x CN¥6.08 Million
2006 11.29% 7.45% 0.87x 1.74x CN¥5.27 Million
2007 11.17% 6.22% 0.94x 1.91x CN¥5.16 Million
2008 22.05% 11.17% 1.01x 1.96x CN¥141.05 Million
2009 18.97% 11.66% 0.84x 1.95x CN¥112.49 Million
2010 12.56% 10.13% 0.70x 1.78x CN¥64.20 Million
2011 13.43% 8.74% 0.87x 1.78x CN¥93.54 Million
2012 9.37% 7.09% 0.78x 1.71x CN¥-18.13 Million
2013 10.30% 6.13% 0.80x 2.10x CN¥9.33 Million
2014 15.87% 8.55% 0.93x 1.99x CN¥207.33 Million
2015 13.01% 9.83% 0.77x 1.73x CN¥140.21 Million
2016 18.62% 12.94% 0.91x 1.58x CN¥458.68 Million
2017 15.69% 12.90% 0.78x 1.57x CN¥448.42 Million
2018 15.00% 11.93% 0.78x 1.62x CN¥430.87 Million
2019 15.30% 12.59% 0.76x 1.59x CN¥492.04 Million
2020 14.53% 12.07% 0.71x 1.69x CN¥455.68 Million
2021 15.10% 10.51% 0.68x 2.12x CN¥569.01 Million
2022 19.88% 12.05% 0.76x 2.16x CN¥1.28 Billion
2023 16.32% 11.89% 0.77x 1.78x CN¥1.13 Billion
2024 16.06% 11.09% 0.77x 1.88x CN¥1.17 Billion

Industry Comparison

This section compares Zhejiang Sanhua 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
Zhejiang Sanhua Co Ltd (002050) CN¥31.90 Billion 16.53% 0.52x $11.62 Billion
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