Zhejiang Southeast Space Frame Co Ltd Net Assets

Latest as of March 2026: CN¥6.41 Billion CNY ≈ $937.81 Million USD

Zhejiang Southeast Space Frame Co Ltd net assets. Based on the latest financial reports, Zhejiang Southeast Space Frame Co Ltd (002135) has net assets worth CN¥6.41 Billion CNY (≈ $937.81 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥17.68 Billion ≈ $2.59 Billion USD) and total liabilities (CN¥11.27 Billion ≈ $1.65 Billion 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. Also explore 002135 shareholders equity momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.41 Billion
% of Total Assets	36.26%
Annual Growth Rate	16.79%
5-Year Change	-0.02%
10-Year Change	163.89%
Growth Volatility	30.97

Net Assets of Zhejiang Southeast Space Frame Co Ltd (2004–2025)

Net assets of Zhejiang Southeast Space Frame Co Ltd from 2004 to 2025. This chart illustrates how Zhejiang Southeast Space Frame Co Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Zhejiang Southeast Space Frame Co Ltd to measure how much of total assets are equity-financed.

Annual Net Assets for Zhejiang Southeast Space Frame Co Ltd (2004–2025)

The table below shows the annual net assets of Zhejiang Southeast Space Frame Co Ltd from 2004 to 2025. For live market cap and overall valuation, see Zhejiang Southeast Space Frame Co Ltd stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥6.49 Billion ≈ $950.39 Million	-0.81%
2024-12-31	CN¥6.55 Billion ≈ $958.17 Million	+1.63%
2023-12-31	CN¥6.44 Billion ≈ $942.78 Million	+3.33%
2022-12-31	CN¥6.23 Billion ≈ $912.37 Million	-4.02%
2021-12-31	CN¥6.50 Billion ≈ $950.61 Million	+33.82%
2020-12-31	CN¥4.85 Billion ≈ $710.34 Million	+10.16%
2019-12-31	CN¥4.41 Billion ≈ $644.85 Million	+8.91%
2018-12-31	CN¥4.05 Billion ≈ $592.10 Million	+3.29%
2017-12-31	CN¥3.92 Billion ≈ $573.25 Million	+59.17%
2016-12-31	CN¥2.46 Billion ≈ $360.15 Million	+2.02%
2015-12-31	CN¥2.41 Billion ≈ $353.01 Million	+27.23%
2014-12-31	CN¥1.90 Billion ≈ $277.45 Million	+3.23%
2013-12-31	CN¥1.84 Billion ≈ $268.78 Million	+2.88%
2012-12-31	CN¥1.79 Billion ≈ $261.27 Million	+3.91%
2011-12-31	CN¥1.72 Billion ≈ $251.43 Million	+63.24%
2010-12-31	CN¥1.05 Billion ≈ $154.03 Million	+6.20%
2009-12-31	CN¥991.12 Million ≈ $145.03 Million	+3.61%
2008-12-31	CN¥956.58 Million ≈ $139.98 Million	+1.99%
2007-12-31	CN¥937.94 Million ≈ $137.25 Million	+130.89%
2006-12-31	CN¥406.22 Million ≈ $59.44 Million	+30.60%
2005-12-31	CN¥311.03 Million ≈ $45.51 Million	+24.64%
2004-12-31	CN¥249.55 Million ≈ $36.52 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 2666.0% over the analyzed period, indicating profitable operations and earnings retention.

Zhejiang Southeast Space Frame Co Ltd Net Assets Breakdown (December 2025)

Zhejiang Southeast Space Frame Co Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	CN¥2.03 Billion	31.56%
Other Components	CN¥4.41 Billion	68.44%
Total Equity	CN¥6.44 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
Zhejiang Xinao Textiles Inc SHG:603889	$702.05 Million
CAP S.A SN:CAP	$702.08 Million
Ningbo Henghe Mould Co Ltd SHE:300539	$702.24 Million
Beken Corp SHG:603068	$702.54 Million
Kronos Worldwide Inc NYSE:KRO	$701.82 Million
Shenzhen Coship Electronics Co Ltd SHE:002052	$701.37 Million
Calian Technologies Ltd TO:CGY	$701.08 Million
BHI Co. Ltd KQ:083650	$700.81 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 2024 to 2025, total equity changed from 6,500,601,922 to 6,443,674,077, a change of -56,927,845 (-0.9%).
Net income of 48,989,039 contributed positively to equity growth.
Dividend payments of 171,972,717 reduced retained earnings.
Other comprehensive income decreased equity by 407,724,176.
Other factors increased equity by 473,780,009.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥48.99 Million	+0.76%
Dividends Paid	CN¥171.97 Million	-2.67%
Other Comprehensive Income	CN¥-407.72 Million	-6.33%
Other Changes	CN¥473.78 Million	+7.35%
Total Change	CN¥-	-0.88%

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: 0.74x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 7.38x to 0.74x 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¥4.30	x
2005-12-31	CN¥0.70	CN¥4.30	x
2006-12-31	CN¥0.93	CN¥4.30	x
2007-12-31	CN¥1.89	CN¥4.30	x
2008-12-31	CN¥1.69	CN¥4.30	x
2009-12-31	CN¥1.76	CN¥4.30	x
2010-12-31	CN¥1.84	CN¥4.30	x
2011-12-31	CN¥2.80	CN¥4.30	x
2012-12-31	CN¥2.35	CN¥4.30	x
2013-12-31	CN¥2.39	CN¥4.30	x
2014-12-31	CN¥2.60	CN¥4.30	x
2015-12-31	CN¥3.44	CN¥4.30	x
2016-12-31	CN¥2.96	CN¥4.30	x
2017-12-31	CN¥4.50	CN¥4.30	x
2018-12-31	CN¥4.02	CN¥4.30	x
2019-12-31	CN¥4.16	CN¥4.30	x
2020-12-31	CN¥4.20	CN¥4.30	x
2021-12-31	CN¥5.86	CN¥4.30	x
2022-12-31	CN¥5.33	CN¥4.30	x
2023-12-31	CN¥5.45	CN¥4.30	x
2024-12-31	CN¥5.73	CN¥4.30	x
2025-12-31	CN¥5.78	CN¥4.30	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): 0.76%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.52%
• Asset Turnover: 0.48x
• Equity Multiplier: 3.02x
Recent ROE (0.76%) is below the historical average (6.57%), 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	5.14%	2.53%	0.71x	2.87x	CN¥-311.12 Million
2024	2.93%	1.69%	0.57x	3.02x	CN¥-459.61 Million
2025	0.76%	0.52%	0.48x	3.02x	CN¥-595.38 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: $2,648,896,952
Average return on equity (ROE) among peers: -15.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Southeast Space Frame Co Ltd (002135)	CN¥6.41 Billion	22.01%	1.76x	$701.91 Million
Shenzhen Ecobeauty Co Ltd (000010)	$249.28 Million	-200.13%	11.59x	$181.69 Million
Shenzhen Sed Industry Co Ltd (000032)	$1.66 Billion	14.81%	0.41x	$1.90 Billion
NORINCO International Cooperation Ltd (000065)	$428.71 Million	-10.83%	2.13x	$1.63 Billion
Shenzhen Tagen Group Co Ltd (000090)	$9.66 Billion	12.80%	3.17x	$858.56 Million
Shandong Hi-Speed Road&Bridge (000498)	$8.25 Billion	7.27%	2.89x	$1.40 Billion
Jinyuan Cement Co Ltd (000546)	$180.30 Million	2.77%	1.35x	$432.42 Million
Hunan Investment Group Co Ltd (000548)	$2.04 Billion	4.00%	0.34x	$317.77 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$686.52 Million	6.80%	4.78x	$1.96 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$269.10 Million	10.03%	1.14x	$526.47 Million
Hainan Expressway Co Ltd (000886)	$3.07 Billion	2.00%	0.26x	$575.89 Million

About Zhejiang Southeast Space Frame Co Ltd

SHE:002135 China Engineering & Construction

Market Cap

$701.91 Million

CN¥4.80 Billion CNY

Market Cap Rank

#10183 Global

#2636 in China

Share Price

CN¥4.30

Change (1 day)

-4.44%

52-Week Range

CN¥4.30 - CN¥9.35

All Time High

CN¥12.46