Zhejiang Southeast Space Frame Co Ltd (002135) - Net Assets

Latest as of September 2025: CN¥6.52 Billion CNY ≈ $954.35 Million USD

Based on the latest financial reports, Zhejiang Southeast Space Frame Co Ltd (002135) has net assets worth CN¥6.52 Billion CNY (≈ $954.35 Million USD) 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 ≈ $3.15 Billion USD) and total liabilities (CN¥15.02 Billion ≈ $2.20 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. Check Zhejiang Southeast Space Frame Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Zhejiang Southeast Space Frame Co Ltd assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Zhejiang Southeast Space Frame Co Ltd market capitalisation.

Year	Net Assets	Change
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 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
EVT Ltd AU:EVT	$1.39 Billion
Suzhou Good-Ark Electronics Co Ltd SHE:002079	$1.39 Billion
WAM Capital Ltd AU:WAM	$1.39 Billion
Jiangsu Longda Superalloy Co. Ltd. A SHG:688231	$1.39 Billion
MayAir Technology (China) Co. Ltd. A SHG:688376	$1.39 Billion
Palfinger AG VI:PAL	$1.39 Billion
Beijing Jingyuntong Technology Co Ltd SHG:601908	$1.39 Billion
Shenzhen Baoming Technology Co SHE:002992	$1.39 Billion

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 190,451,146 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 74,394,963.

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: 1.48x
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 14.60x to 1.48x 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¥8.51	x
2005-12-31	CN¥0.70	CN¥8.51	x
2006-12-31	CN¥0.93	CN¥8.51	x
2007-12-31	CN¥1.89	CN¥8.51	x
2008-12-31	CN¥1.69	CN¥8.51	x
2009-12-31	CN¥1.76	CN¥8.51	x
2010-12-31	CN¥1.84	CN¥8.51	x
2011-12-31	CN¥2.80	CN¥8.51	x
2012-12-31	CN¥2.35	CN¥8.51	x
2013-12-31	CN¥2.39	CN¥8.51	x
2014-12-31	CN¥2.60	CN¥8.51	x
2015-12-31	CN¥3.44	CN¥8.51	x
2016-12-31	CN¥2.96	CN¥8.51	x
2017-12-31	CN¥4.50	CN¥8.51	x
2018-12-31	CN¥4.02	CN¥8.51	x
2019-12-31	CN¥4.16	CN¥8.51	x
2020-12-31	CN¥4.20	CN¥8.51	x
2021-12-31	CN¥5.86	CN¥8.51	x
2022-12-31	CN¥5.33	CN¥8.51	x
2023-12-31	CN¥5.45	CN¥8.51	x
2024-12-31	CN¥5.73	CN¥8.51	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 (6.85%), 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

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: $2,659,169,713
Average return on equity (ROE) among peers: 4.10%

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	$1.39 Billion
Shenzhen Ecobeauty Co Ltd (000010)	$86.44 Million	8.33%	1.82x	$486.19 Million
Shenzhen Sed Industry Co Ltd (000032)	$659.52 Million	6.07%	1.00x	$3.08 Billion
NORINCO International Cooperation Ltd (000065)	$9.29 Billion	9.88%	1.56x	$2.17 Billion
Shenzhen Tagen Group Co Ltd (000090)	$3.07 Billion	6.62%	1.44x	$962.46 Million
Shandong Hi-Speed Road&Bridge (000498)	$518.35 Million	-21.04%	2.07x	$1.26 Billion
Jinyuan Cement Co Ltd (000546)	$6.14 Billion	1.41%	0.76x	$878.49 Million
Hunan Investment Group Co Ltd (000548)	$1.55 Billion	3.80%	0.54x	$389.36 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$686.52 Million	6.80%	4.78x	$3.41 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$2.16 Billion	14.25%	0.81x	$602.65 Million
Hainan Expressway Co Ltd (000886)	$2.44 Billion	4.85%	0.21x	$800.17 Million

About Zhejiang Southeast Space Frame Co Ltd

SHE:002135 China Engineering & Construction

Market Cap

$1.39 Billion

CN¥9.49 Billion CNY

Market Cap Rank

#7687 Global

#1886 in China

Share Price

CN¥8.51

Change (1 day)

+8.13%

52-Week Range

CN¥4.08 - CN¥8.51

All Time High

CN¥12.46