Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130) - Net Assets

Latest as of December 2025: CN¥6.80 Billion CNY ≈ $995.71 Million USD

Based on the latest financial reports, Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130) has net assets worth CN¥6.80 Billion CNY (≈ $995.71 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¥12.32 Billion ≈ $1.80 Billion USD) and total liabilities (CN¥5.51 Billion ≈ $806.94 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 Shenzhen Woer Heat-Shrinkable Material C liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.80 Billion
% of Total Assets	55.24%
Annual Growth Rate	28.5%
5-Year Change	64.48%
10-Year Change	156.92%
Growth Volatility	47.37

Shenzhen Woer Heat-Shrinkable Material Co Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Shenzhen Woer Heat-Shrinkable Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002130 total assets for the complete picture of this company's asset base.

Annual Net Assets for Shenzhen Woer Heat-Shrinkable Material Co Ltd (2003–2025)

The table below shows the annual net assets of Shenzhen Woer Heat-Shrinkable Material Co Ltd from 2003 to 2025. For live valuation and market cap data, see Shenzhen Woer Heat-Shrinkable Material C market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥6.80 Billion ≈ $995.71 Million	+11.03%
2024-12-31	CN¥6.13 Billion ≈ $896.77 Million	+12.19%
2023-12-31	CN¥5.46 Billion ≈ $799.34 Million	+13.82%
2022-12-31	CN¥4.80 Billion ≈ $702.30 Million	+16.01%
2021-12-31	CN¥4.14 Billion ≈ $605.38 Million	+16.61%
2020-12-31	CN¥3.55 Billion ≈ $519.13 Million	+14.08%
2019-12-31	CN¥3.11 Billion ≈ $455.06 Million	+10.95%
2018-12-31	CN¥2.80 Billion ≈ $410.16 Million	+0.61%
2017-12-31	CN¥2.79 Billion ≈ $407.66 Million	+5.19%
2016-12-31	CN¥2.65 Billion ≈ $387.55 Million	+55.23%
2015-12-31	CN¥1.71 Billion ≈ $249.66 Million	+42.33%
2014-12-31	CN¥1.20 Billion ≈ $175.42 Million	+14.24%
2013-12-31	CN¥1.05 Billion ≈ $153.55 Million	+5.30%
2012-12-31	CN¥996.53 Million ≈ $145.82 Million	+11.90%
2011-12-31	CN¥890.58 Million ≈ $130.32 Million	+81.55%
2010-12-31	CN¥490.53 Million ≈ $71.78 Million	+9.44%
2009-12-31	CN¥448.21 Million ≈ $65.59 Million	+10.66%
2008-12-31	CN¥405.03 Million ≈ $59.27 Million	+8.03%
2007-12-31	CN¥374.91 Million ≈ $54.86 Million	+220.41%
2006-12-31	CN¥117.01 Million ≈ $17.12 Million	+49.36%
2005-12-31	CN¥78.34 Million ≈ $11.46 Million	+53.33%
2004-12-31	CN¥51.09 Million ≈ $7.48 Million	+86.89%
2003-12-31	CN¥27.34 Million ≈ $4.00 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 52559.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥4.76 Billion	73.20%
Other Components	CN¥1.74 Billion	26.80%
Total Equity	CN¥6.50 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
AutoStore Holdings Ltd OL:AUTO	$4.19 Billion
MakeMyTrip Limited F:MY1	$4.20 Billion
GMS Inc NYSE:GMS	$4.20 Billion
Victoria's Secret & Co NYSE:VSCO	$4.20 Billion
Container Corporation of India Limited NSE:CONCOR	$4.19 Billion
Ondas Holdings Inc. NASDAQ:ONDS	$4.19 Billion
Oppein Home Group Inc SHG:603833	$4.19 Billion
Silgan Holdings Inc NYSE:SLGN	$4.19 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 2024 to 2025, total equity changed from 5,534,803,254 to 6,497,112,814, a change of 962,309,560 (17.4%).
Net income of 1,135,293,000 contributed positively to equity growth.
Dividend payments of 227,969,343 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.14 Billion	+17.47%
Dividends Paid	CN¥227.97 Million	-3.51%
Other Changes	CN¥54.99 Million	+0.85%
Total Change	CN¥-	17.39%

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: 4.36x
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 342.57x to 4.36x 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¥22.74	x
2004-12-31	CN¥0.13	CN¥22.74	x
2005-12-31	CN¥0.19	CN¥22.74	x
2006-12-31	CN¥0.29	CN¥22.74	x
2007-12-31	CN¥0.77	CN¥22.74	x
2008-12-31	CN¥0.72	CN¥22.74	x
2009-12-31	CN¥0.82	CN¥22.74	x
2010-12-31	CN¥0.91	CN¥22.74	x
2011-12-31	CN¥1.62	CN¥22.74	x
2012-12-31	CN¥0.86	CN¥22.74	x
2013-12-31	CN¥0.93	CN¥22.74	x
2014-12-31	CN¥1.04	CN¥22.74	x
2015-12-31	CN¥1.49	CN¥22.74	x
2016-12-31	CN¥2.32	CN¥22.74	x
2017-12-31	CN¥2.13	CN¥22.74	x
2018-12-31	CN¥2.52	CN¥22.74	x
2019-12-31	CN¥2.33	CN¥22.74	x
2020-12-31	CN¥2.56	CN¥22.74	x
2021-12-31	CN¥3.02	CN¥22.74	x
2022-12-31	CN¥3.46	CN¥22.74	x
2023-12-31	CN¥3.92	CN¥22.74	x
2024-12-31	CN¥4.44	CN¥22.74	x
2025-12-31	CN¥5.21	CN¥22.74	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): 17.47%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.43%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.90x
Recent ROE (17.47%) is above the historical average (15.21%), 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	32.40%	15.53%	0.94x	2.23x	CN¥25.69 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	2.12x	CN¥68.43 Million
2021	14.56%	10.22%	0.70x	2.04x	CN¥173.09 Million
2022	14.15%	11.51%	0.64x	1.92x	CN¥180.36 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
2025	17.47%	13.43%	0.69x	1.90x	CN¥485.58 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: $1,102,466,364
Average return on equity (ROE) among peers: 12.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Woer Heat-Shrinkable Material Co Ltd (002130)	CN¥6.80 Billion	27.51%	0.81x	$4.19 Billion
XJ Electric Co Ltd (000400)	$2.06 Billion	5.67%	0.94x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$868.77 Million	22.25%	1.96x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.19 Billion	10.32%	0.10x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$1.41 Billion	1.38%	0.23x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$881.96 Million	3.88%	5.40x	$834.77 Million
Huagong Tech Co Ltd (000988)	$728.66 Million	5.17%	0.60x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.48 Billion	7.41%	1.41x	$1.79 Billion
Sieyuan Electric Co Ltd (002028)	$65.21 Million	33.34%	0.57x	$22.29 Billion
Shanghai Welltech Automation Co Ltd (002058)	$218.98 Million	10.86%	0.64x	$526.87 Million
Gotion High tech Co Ltd (002074)	$1.11 Billion	22.54%	1.37x	$9.75 Billion

About Shenzhen Woer Heat-Shrinkable Material Co Ltd

SHE:002130 China Electrical Equipment & Parts

Market Cap

$4.19 Billion

CN¥28.65 Billion CNY

Market Cap Rank

#4031 Global

#677 in China

Share Price

CN¥22.74

Change (1 day)

-0.70%

52-Week Range

CN¥19.13 - CN¥34.19

All Time High

CN¥34.19