Shenzhen Woer Heat-Shrinkable Material Co Ltd
ShenZhen Woer Heat-Shrinkable Material Co.,Ltd., together with its subsidiaries, provides heat shrink products in China and internationally. It operates through Electronics and Electricity, Communication Cables, New Energy, and Wind Power Project segments. The company offers heat shrinkable sleeves, busbar tubes, and cable accessories; cable branch boxes; ring network cabinets; high and low volta… Read more
Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130) - Net Assets
Latest net assets as of September 2025: CN¥6.47 Billion CNY
Based on the latest financial reports, Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130) has net assets worth CN¥6.47 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¥11.70 Billion) and total liabilities (CN¥5.23 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¥6.47 Billion |
| % of Total Assets | 55.27% |
| Annual Growth Rate | 29.4% |
| 5-Year Change | 72.74% |
| 10-Year Change | 259.19% |
| Growth Volatility | 48.39 |
Shenzhen Woer Heat-Shrinkable Material Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shenzhen Woer Heat-Shrinkable 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 Shenzhen Woer Heat-Shrinkable Material Co Ltd (2003–2024)
The table below shows the annual net assets of Shenzhen Woer Heat-Shrinkable Material Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.13 Billion | +12.19% |
| 2023-12-31 | CN¥5.46 Billion | +13.82% |
| 2022-12-31 | CN¥4.80 Billion | +16.00% |
| 2021-12-31 | CN¥4.14 Billion | +16.61% |
| 2020-12-31 | CN¥3.55 Billion | +14.08% |
| 2019-12-31 | CN¥3.11 Billion | +10.95% |
| 2018-12-31 | CN¥2.80 Billion | +0.61% |
| 2017-12-31 | CN¥2.79 Billion | +5.19% |
| 2016-12-31 | CN¥2.65 Billion | +55.23% |
| 2015-12-31 | CN¥1.71 Billion | +42.33% |
| 2014-12-31 | CN¥1.20 Billion | +14.24% |
| 2013-12-31 | CN¥1.05 Billion | +5.30% |
| 2012-12-31 | CN¥996.53 Million | +11.90% |
| 2011-12-31 | CN¥890.58 Million | +81.55% |
| 2010-12-31 | CN¥490.53 Million | +9.44% |
| 2009-12-31 | CN¥448.21 Million | +10.66% |
| 2008-12-31 | CN¥405.03 Million | +8.03% |
| 2007-12-31 | CN¥374.91 Million | +221.42% |
| 2006-12-31 | CN¥116.64 Million | +48.89% |
| 2005-12-31 | CN¥78.34 Million | +53.33% |
| 2004-12-31 | CN¥51.09 Million | +86.89% |
| 2003-12-31 | CN¥27.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Woer Heat-Shrinkable 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 43600.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.95 Billion | 71.31% |
| Common Stock | CN¥1.26 Billion | 22.76% |
| Other Components | CN¥328.00 Million | 5.93% |
| Total Equity | CN¥5.53 Billion | 100.00% |
Shenzhen Woer Heat-Shrinkable Material Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Woer Heat-Shrinkable Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Everwin Precision Tech
SHE:300115
|
$4.15 Billion |
|
TTVSY
PINK:TTVSY
|
$4.15 Billion |
|
Shenzhen Fastprint Circuit Tech Co Ltd
SHE:002436
|
$4.15 Billion |
|
Sailun Jinyu Group Co Ltd
SHG:601058
|
$4.16 Billion |
|
Coforge Limited
NSE:COFORGE
|
$4.15 Billion |
|
Hua Hong Semiconductor Limited
PINK:HHUSF
|
$4.15 Billion |
|
Ampol Limited
F:CLZ
|
$4.14 Billion |
|
Zhejiang Yinlun Machinery Co Ltd
SHE:002126
|
$4.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Woer Heat-Shrinkable Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,907,545,574 to 5,534,803,254, a change of 627,257,680 (12.8%).
- Net income of 847,550,833 contributed positively to equity growth.
- Dividend payments of 262,581,036 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥847.55 Million | +15.31% |
| Dividends Paid | CN¥262.58 Million | -4.74% |
| Other Changes | CN¥42.29 Million | +0.76% |
| Total Change | CN¥- | 12.78% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Woer Heat-Shrinkable 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: 6.00x
- 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 401.32x to 6.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.07 | CN¥26.64 | x |
| 2004-12-31 | CN¥0.13 | CN¥26.64 | x |
| 2005-12-31 | CN¥0.19 | CN¥26.64 | x |
| 2006-12-31 | CN¥0.29 | CN¥26.64 | x |
| 2007-12-31 | CN¥0.77 | CN¥26.64 | x |
| 2008-12-31 | CN¥0.72 | CN¥26.64 | x |
| 2009-12-31 | CN¥0.82 | CN¥26.64 | x |
| 2010-12-31 | CN¥0.91 | CN¥26.64 | x |
| 2011-12-31 | CN¥1.62 | CN¥26.64 | x |
| 2012-12-31 | CN¥1.71 | CN¥26.64 | x |
| 2013-12-31 | CN¥1.86 | CN¥26.64 | x |
| 2014-12-31 | CN¥2.08 | CN¥26.64 | x |
| 2015-12-31 | CN¥2.97 | CN¥26.64 | x |
| 2016-12-31 | CN¥4.53 | CN¥26.64 | x |
| 2017-12-31 | CN¥2.13 | CN¥26.64 | x |
| 2018-12-31 | CN¥2.52 | CN¥26.64 | x |
| 2019-12-31 | CN¥2.33 | CN¥26.64 | x |
| 2020-12-31 | CN¥2.60 | CN¥26.64 | x |
| 2021-12-31 | CN¥3.01 | CN¥26.64 | x |
| 2022-12-31 | CN¥3.46 | CN¥26.64 | x |
| 2023-12-31 | CN¥3.92 | CN¥26.64 | x |
| 2024-12-31 | CN¥4.44 | CN¥26.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Woer Heat-Shrinkable 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): 15.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.24%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.85x
- Recent ROE (15.31%) is above the historical average (15.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 27.51% | 11.69% | 0.94x | 2.51x | CN¥4.64 Million |
| 2004 | 30.48% | 13.75% | 1.25x | 1.77x | CN¥10.33 Million |
| 2005 | 32.98% | 15.00% | 1.23x | 1.78x | CN¥17.72 Million |
| 2006 | 32.51% | 15.53% | 0.94x | 2.23x | CN¥25.73 Million |
| 2007 | 13.06% | 16.62% | 0.56x | 1.40x | CN¥11.40 Million |
| 2008 | 6.82% | 7.18% | 0.67x | 1.43x | CN¥-12.32 Million |
| 2009 | 12.42% | 13.20% | 0.62x | 1.51x | CN¥10.42 Million |
| 2010 | 15.71% | 14.65% | 0.70x | 1.53x | CN¥27.73 Million |
| 2011 | 9.51% | 12.83% | 0.53x | 1.41x | CN¥-4.27 Million |
| 2012 | 9.36% | 13.80% | 0.37x | 1.86x | CN¥-6.25 Million |
| 2013 | 8.05% | 6.24% | 0.71x | 1.82x | CN¥-20.07 Million |
| 2014 | 11.57% | 8.39% | 0.61x | 2.25x | CN¥18.50 Million |
| 2015 | 33.68% | 35.15% | 0.44x | 2.17x | CN¥400.68 Million |
| 2016 | 4.09% | 5.76% | 0.35x | 2.05x | CN¥-154.75 Million |
| 2017 | 6.11% | 6.51% | 0.41x | 2.27x | CN¥-106.90 Million |
| 2018 | 0.79% | 0.58% | 0.55x | 2.49x | CN¥-237.82 Million |
| 2019 | 7.31% | 5.27% | 0.62x | 2.25x | CN¥-77.27 Million |
| 2020 | 12.09% | 9.66% | 0.59x | 2.11x | CN¥68.43 Million |
| 2021 | 14.56% | 10.22% | 0.70x | 2.04x | CN¥173.09 Million |
| 2022 | 14.10% | 11.51% | 0.64x | 1.91x | CN¥178.71 Million |
| 2023 | 14.27% | 12.24% | 0.64x | 1.83x | CN¥209.73 Million |
| 2024 | 15.31% | 12.24% | 0.67x | 1.85x | CN¥294.07 Million |
Industry Comparison
This section compares Shenzhen Woer Heat-Shrinkable Material Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,441,846,436
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130) | CN¥6.47 Billion | 27.51% | 0.81x | $4.15 Billion |
| XJ Electric Co Ltd (000400) | $2.33 Billion | 4.98% | 1.00x | $2.59 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $557.50 Million | 13.45% | 0.65x | $370.62 Million |
| Huagong Tech Co Ltd (000988) | $1.16 Billion | 4.84% | 1.06x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $883.83 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.84 Billion | 29.48% | 0.99x | $1.66 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $915.55 Million | 12.10% | 0.81x | $193.26 Million |
| Sieyuan Electric Co Ltd (002028) | $4.71 Billion | 6.26% | 0.61x | $14.43 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $218.98 Million | 10.86% | 0.64x | $218.23 Million |
| Gotion High tech Co Ltd (002074) | $467.84 Million | 5.86% | 0.80x | $5.23 Billion |