Zhejiang Southeast Space Frame Co Ltd
Zhejiang Southeast Space Frame Co., Ltd. designs, manufactures, and installs structural and residential steel structures in China. The company offers space steel structure, light and heavy steel structure, and polyester filament. It also researches, develops, produces, and sells chemical fiber products. In addition, the company engages in construction steel structure related businesses. Its steel… Read more
Zhejiang Southeast Space Frame Co Ltd (002135) - Net Assets
Latest net assets as of September 2025: CN¥6.52 Billion CNY
Based on the latest financial reports, Zhejiang Southeast Space Frame Co Ltd (002135) has net assets worth CN¥6.52 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¥21.55 Billion) and total liabilities (CN¥15.02 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¥6.52 Billion |
| % of Total Assets | 30.27% |
| Annual Growth Rate | 17.75% |
| 5-Year Change | 34.89% |
| 10-Year Change | 171.43% |
| Growth Volatility | 31.38 |
Zhejiang Southeast Space Frame Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Zhejiang Southeast Space Frame 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 Southeast Space Frame Co Ltd (2004–2024)
The table below shows the annual net assets of Zhejiang Southeast Space Frame Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.55 Billion | +1.63% |
| 2023-12-31 | CN¥6.44 Billion | +3.33% |
| 2022-12-31 | CN¥6.23 Billion | -4.02% |
| 2021-12-31 | CN¥6.50 Billion | +33.82% |
| 2020-12-31 | CN¥4.85 Billion | +10.16% |
| 2019-12-31 | CN¥4.41 Billion | +8.91% |
| 2018-12-31 | CN¥4.05 Billion | +3.29% |
| 2017-12-31 | CN¥3.92 Billion | +59.17% |
| 2016-12-31 | CN¥2.46 Billion | +2.02% |
| 2015-12-31 | CN¥2.41 Billion | +27.23% |
| 2014-12-31 | CN¥1.90 Billion | +3.23% |
| 2013-12-31 | CN¥1.84 Billion | +2.88% |
| 2012-12-31 | CN¥1.79 Billion | +3.91% |
| 2011-12-31 | CN¥1.72 Billion | +63.24% |
| 2010-12-31 | CN¥1.05 Billion | +6.20% |
| 2009-12-31 | CN¥991.12 Million | +3.61% |
| 2008-12-31 | CN¥956.58 Million | +1.99% |
| 2007-12-31 | CN¥937.94 Million | +130.89% |
| 2006-12-31 | CN¥406.22 Million | +30.60% |
| 2005-12-31 | CN¥311.03 Million | +24.64% |
| 2004-12-31 | CN¥249.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Southeast Space Frame 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 2725.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.08 Billion | 31.96% |
| Common Stock | CN¥1.12 Billion | 17.16% |
| Other Comprehensive Income | CN¥407.72 Million | 6.27% |
| Other Components | CN¥2.90 Billion | 44.60% |
| Total Equity | CN¥6.50 Billion | 100.00% |
Zhejiang Southeast Space Frame Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Southeast Space Frame Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
$613.36 Million |
|
SATS ASA NK 2125
F:2S0
|
$613.52 Million |
|
Jiangsu Tongguang Electronic Wire&Cable Co Ltd
SHE:300265
|
$613.70 Million |
|
Genesis Energy Ltd
AU:GNE
|
$613.74 Million |
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$612.26 Million |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$612.25 Million |
|
AMERISAFE Inc
NASDAQ:AMSF
|
$612.03 Million |
|
CJ Korea Express
KO:000120
|
$611.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Southeast Space Frame Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,404,740,844 to 6,500,601,922, a change of 95,861,078 (1.5%).
- Net income of 190,451,142 contributed positively to equity growth.
- Dividend payments of 213,147,088 reduced retained earnings.
- Share repurchases of 144,553,054 reduced equity.
- Other comprehensive income increased equity by 188,715,111.
- Other factors increased equity by 74,394,967.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥190.45 Million | +2.93% |
| Dividends Paid | CN¥213.15 Million | -3.28% |
| Share Repurchases | CN¥144.55 Million | -2.22% |
| Other Comprehensive Income | CN¥188.72 Million | +2.9% |
| Other Changes | CN¥74.39 Million | +1.14% |
| Total Change | CN¥- | 1.50% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Southeast Space Frame 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: 1.27x
- 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 12.67x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.58 | CN¥7.39 | x |
| 2005-12-31 | CN¥0.70 | CN¥7.39 | x |
| 2006-12-31 | CN¥0.93 | CN¥7.39 | x |
| 2007-12-31 | CN¥1.89 | CN¥7.39 | x |
| 2008-12-31 | CN¥1.69 | CN¥7.39 | x |
| 2009-12-31 | CN¥1.76 | CN¥7.39 | x |
| 2010-12-31 | CN¥1.84 | CN¥7.39 | x |
| 2011-12-31 | CN¥2.80 | CN¥7.39 | x |
| 2012-12-31 | CN¥2.35 | CN¥7.39 | x |
| 2013-12-31 | CN¥2.39 | CN¥7.39 | x |
| 2014-12-31 | CN¥2.60 | CN¥7.39 | x |
| 2015-12-31 | CN¥3.44 | CN¥7.39 | x |
| 2016-12-31 | CN¥2.96 | CN¥7.39 | x |
| 2017-12-31 | CN¥4.50 | CN¥7.39 | x |
| 2018-12-31 | CN¥4.02 | CN¥7.39 | x |
| 2019-12-31 | CN¥4.14 | CN¥7.39 | x |
| 2020-12-31 | CN¥4.30 | CN¥7.39 | x |
| 2021-12-31 | CN¥5.91 | CN¥7.39 | x |
| 2022-12-31 | CN¥5.39 | CN¥7.39 | x |
| 2023-12-31 | CN¥5.50 | CN¥7.39 | x |
| 2024-12-31 | CN¥5.80 | CN¥7.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Southeast Space Frame 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): 2.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.69%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.02x
- Recent ROE (2.93%) is below the historical average (6.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 22.01% | 7.75% | 0.87x | 3.25x | CN¥28.52 Million |
| 2005 | 16.59% | 4.57% | 0.69x | 5.23x | CN¥18.76 Million |
| 2006 | 24.11% | 5.71% | 0.94x | 4.49x | CN¥52.98 Million |
| 2007 | 5.69% | 2.87% | 0.73x | 2.72x | CN¥-38.97 Million |
| 2008 | 3.08% | 1.40% | 0.65x | 3.35x | CN¥-63.74 Million |
| 2009 | 4.41% | 1.43% | 0.84x | 3.67x | CN¥-53.12 Million |
| 2010 | 7.24% | 2.31% | 0.82x | 3.82x | CN¥-27.80 Million |
| 2011 | 5.36% | 2.47% | 0.70x | 3.10x | CN¥-78.21 Million |
| 2012 | 4.69% | 2.46% | 0.58x | 3.28x | CN¥-93.36 Million |
| 2013 | 3.35% | 1.63% | 0.56x | 3.65x | CN¥-120.19 Million |
| 2014 | 3.46% | 1.53% | 0.56x | 4.07x | CN¥-121.84 Million |
| 2015 | 1.45% | 0.67% | 0.58x | 3.79x | CN¥-203.67 Million |
| 2016 | 2.02% | 0.86% | 0.67x | 3.54x | CN¥-193.53 Million |
| 2017 | 2.67% | 1.33% | 0.77x | 2.60x | CN¥-284.55 Million |
| 2018 | 4.23% | 1.96% | 0.84x | 2.56x | CN¥-232.65 Million |
| 2019 | 6.25% | 2.98% | 0.78x | 2.67x | CN¥-160.35 Million |
| 2020 | 6.19% | 2.93% | 0.68x | 3.12x | CN¥-166.71 Million |
| 2021 | 8.19% | 4.37% | 0.66x | 2.85x | CN¥-108.79 Million |
| 2022 | 4.69% | 2.41% | 0.69x | 2.83x | CN¥-328.57 Million |
| 2023 | 5.09% | 2.51% | 0.71x | 2.87x | CN¥-314.16 Million |
| 2024 | 2.93% | 1.69% | 0.57x | 3.02x | CN¥-459.61 Million |
Industry Comparison
This section compares Zhejiang Southeast Space Frame Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,293,171,469
- Average return on equity (ROE) among peers: -19.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Southeast Space Frame Co Ltd (002135) | CN¥6.52 Billion | 22.01% | 2.30x | $613.09 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $2.21 Billion | 1.80% | 1.20x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $273.69 Million | 5.51% | 1.09x | $1.18 Billion |
| NORINCO International Cooperation Ltd (000065) | $10.22 Billion | 10.27% | 1.39x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $1.08 Billion | 6.39% | 1.55x | $602.43 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $433.84 Million | -22.79% | 2.88x | $597.20 Million |
| Jinyuan Cement Co Ltd (000546) | $4.61 Billion | 0.86% | 0.22x | $312.99 Million |
| Hunan Investment Group Co Ltd (000548) | $1.41 Billion | 7.29% | 0.50x | $259.03 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $134.20 Million | -202.04% | 12.95x | $1.18 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $307.94 Million | -4.18% | 0.33x | $300.46 Million |
| Hainan Expressway Co Ltd (000886) | $2.26 Billion | 1.18% | 0.16x | $593.20 Million |