Zhejiang Hailiang Co Ltd

SHE:002203 China Copper
Market Cap
$4.19 Billion
CN¥30.78 Billion CNY
Market Cap Rank
#4737 Global
#519 in China
Share Price
CN¥13.43
Change (1 day)
-6.22%
52-Week Range
CN¥8.45 - CN¥15.74
All Time High
CN¥15.74
Categories
Companies in China Copper
About

Zhejiang Hailiang Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and service of copper products, conductor materials, and aluminum-based materials in China and internationally. It operates through Copper and Aluminum Processing Business, Environmental Materials Business, and Loan Business segments. The company offers copper tube products compris… Read more

Zhejiang Hailiang Co Ltd (002203) - Net Assets

Latest net assets as of September 2025: CN¥19.33 Billion CNY

Based on the latest financial reports, Zhejiang Hailiang Co Ltd (002203) has net assets worth CN¥19.33 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¥47.86 Billion) and total liabilities (CN¥28.53 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¥19.33 Billion
% of Total Assets 40.39%
Annual Growth Rate 22.91%
5-Year Change 65.92%
10-Year Change 310.02%
Growth Volatility 23.3

Zhejiang Hailiang Co Ltd - Net Assets Trend (2004–2024)

This chart illustrates how Zhejiang Hailiang 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 Hailiang Co Ltd (2004–2024)

The table below shows the annual net assets of Zhejiang Hailiang Co Ltd from 2004 to 2024.

Year Net Assets Change
2024-12-31 CN¥16.95 Billion +0.65%
2023-12-31 CN¥16.84 Billion +25.88%
2022-12-31 CN¥13.38 Billion +14.17%
2021-12-31 CN¥11.72 Billion +14.70%
2020-12-31 CN¥10.21 Billion +4.62%
2019-12-31 CN¥9.76 Billion +16.36%
2018-12-31 CN¥8.39 Billion +51.97%
2017-12-31 CN¥5.52 Billion +18.77%
2016-12-31 CN¥4.65 Billion +12.47%
2015-12-31 CN¥4.13 Billion +27.48%
2014-12-31 CN¥3.24 Billion +12.40%
2013-12-31 CN¥2.88 Billion +7.09%
2012-12-31 CN¥2.69 Billion +6.23%
2011-12-31 CN¥2.54 Billion +62.43%
2010-12-31 CN¥1.56 Billion +8.18%
2009-12-31 CN¥1.44 Billion -3.94%
2008-12-31 CN¥1.50 Billion +88.95%
2007-12-31 CN¥795.03 Million +32.70%
2006-12-31 CN¥599.10 Million +42.93%
2005-12-31 CN¥419.16 Million +53.21%
2004-12-31 CN¥273.58 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Hailiang 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 15434.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥8.33 Billion 58.01%
Common Stock CN¥2.00 Billion 13.91%
Other Comprehensive Income CN¥912.63 Million 6.35%
Other Components CN¥3.12 Billion 21.73%
Total Equity CN¥14.37 Billion 100.00%

Zhejiang Hailiang Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Hailiang Co Ltd ranked by their market capitalization.

Company Market Cap
Syntec Technology Co., Ltd.
TW:7750
 		$2.17 Billion
Tate & Lyle plc
OTCQX:TATYF
 		$2.17 Billion
CarGurus Inc
F:0C6
 		$2.17 Billion
USA Technologies Inc Pref Series A
PINK:CTLPP
 		$2.17 Billion
Jiangsu Changfa Refrigeration Co Ltd
SHE:002413
 		$2.17 Billion
CRED. ACC. CORP.
F:2D5
 		$2.17 Billion
Sumitomo Bakelite Company Limited
MU:SZ8
 		$2.17 Billion
China Wafer Level Csp Co Ltd
SHG:603005
 		$2.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Hailiang Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 14,077,493,147 to 14,366,383,000, a change of 288,889,853 (2.1%).
  • Net income of 703,301,052 contributed positively to equity growth.
  • Dividend payments of 950,142,801 reduced retained earnings.
  • Share repurchases of 253,523,634 reduced equity.
  • Other comprehensive income decreased equity by 219,842,115.
  • Other factors increased equity by 1,009,097,351.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥703.30 Million +4.9%
Dividends Paid CN¥950.14 Million -6.61%
Share Repurchases CN¥253.52 Million -1.76%
Other Comprehensive Income CN¥-219.84 Million -1.53%
Other Changes CN¥1.01 Billion +7.02%
Total Change CN¥- 2.05%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Hailiang 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: 1.88x
  • 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 28.17x to 1.88x 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¥0.48 CN¥13.43 x
2005-12-31 CN¥0.61 CN¥13.43 x
2006-12-31 CN¥0.47 CN¥13.43 x
2007-12-31 CN¥0.52 CN¥13.43 x
2008-12-31 CN¥1.04 CN¥13.43 x
2009-12-31 CN¥1.07 CN¥13.43 x
2010-12-31 CN¥1.16 CN¥13.43 x
2011-12-31 CN¥1.89 CN¥13.43 x
2012-12-31 CN¥1.74 CN¥13.43 x
2013-12-31 CN¥1.86 CN¥13.43 x
2014-12-31 CN¥1.94 CN¥13.43 x
2015-12-31 CN¥2.28 CN¥13.43 x
2016-12-31 CN¥2.58 CN¥13.43 x
2017-12-31 CN¥3.07 CN¥13.43 x
2018-12-31 CN¥4.56 CN¥13.43 x
2019-12-31 CN¥4.76 CN¥13.43 x
2020-12-31 CN¥4.74 CN¥13.43 x
2021-12-31 CN¥5.17 CN¥13.43 x
2022-12-31 CN¥6.32 CN¥13.43 x
2023-12-31 CN¥6.42 CN¥13.43 x
2024-12-31 CN¥7.15 CN¥13.43 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Hailiang 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): 4.90%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.80%
  • • Asset Turnover: 1.96x
  • • Equity Multiplier: 3.10x
  • Recent ROE (4.90%) is below the historical average (13.45%), 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 26.07% 3.39% 1.20x 6.41x CN¥37.37 Million
2005 19.32% 2.44% 2.46x 3.21x CN¥36.18 Million
2006 28.24% 2.48% 2.95x 3.87x CN¥99.43 Million
2007 25.18% 2.57% 2.38x 4.10x CN¥105.03 Million
2008 12.72% 2.22% 2.38x 2.41x CN¥37.52 Million
2009 12.25% 2.90% 1.33x 3.17x CN¥32.22 Million
2010 15.30% 2.62% 1.67x 3.51x CN¥82.07 Million
2011 9.10% 1.93% 1.71x 2.75x CN¥-22.56 Million
2012 8.67% 2.26% 1.61x 2.39x CN¥-35.84 Million
2013 10.00% 2.20% 1.79x 2.54x CN¥-25.76K
2014 15.27% 4.03% 1.50x 2.53x CN¥170.81 Million
2015 11.98% 3.36% 1.47x 2.42x CN¥75.63 Million
2016 12.78% 3.08% 1.40x 2.96x CN¥120.04 Million
2017 13.62% 2.36% 1.96x 2.95x CN¥187.56 Million
2018 11.31% 2.24% 2.11x 2.39x CN¥105.51 Million
2019 11.32% 2.58% 1.68x 2.61x CN¥123.81 Million
2020 6.89% 1.46% 1.78x 2.66x CN¥-306.01 Million
2021 10.01% 1.75% 1.97x 2.90x CN¥1.31 Million
2022 9.50% 1.64% 2.21x 2.63x CN¥-63.71 Million
2023 7.94% 1.48% 1.87x 2.87x CN¥-289.63 Million
2024 4.90% 0.80% 1.96x 3.10x CN¥-733.34 Million

Industry Comparison

This section compares Zhejiang Hailiang Co Ltd's net assets metrics with peer companies in the Copper industry.

Industry Context

  • Industry: Copper
  • Average net assets among peers: $12,502,007,784
  • Average return on equity (ROE) among peers: 13.25%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhejiang Hailiang Co Ltd (002203) CN¥19.33 Billion 26.07% 1.48x $2.17 Billion
Tongling Nonferrous Metals Group Co Ltd (000630) $18.58 Billion 2.89% 1.57x $5.53 Billion
North Copper Shanxi Co Ltd (000737) $394.48 Million 67.70% 2.99x $1.76 Billion
Yunnan Copper Co Ltd (000878) $1.78 Billion 4.64% 1.28x $3.49 Billion
Nanjing Hanrui Cobalt Co Ltd (300618) $205.45 Million 4.85% 2.93x $1.29 Billion
Jiangyin Electrical Alloy Co Ltd (300697) $918.77 Million 11.57% 0.57x $293.48 Million
Xinke Material (600255) $569.24 Million 9.09% 1.46x $783.04 Million
Jiangxi Copper Co Ltd Class A (600362) $87.80 Billion 7.93% 1.20x $12.79 Billion
Pengxin International Mining Co Ltd (600490) $319.50 Million 6.24% 0.35x $1.72 Billion
Ningbo Boway Alloy Material Co Ltd (601137) $1.96 Billion 4.30% 0.33x $1.21 Billion