Shanghai Zhezhong Construction Co Ltd
Shanghai Zhezhong Group Co.,Ltd manufactures and sells sets of switchgears in China. It provides medium voltage switchgears, low voltage switch boxs, cabinet terminals, outdoor box substations, and components. The company was formerly known as Shanghai Zhezhong Construction Co., Ltd. and changed its name to Shanghai Zhezhong Group Co., Ltd. in March 2015. Shanghai Zhezhong Group Co.,Ltd was found… Read more
Shanghai Zhezhong Construction Co Ltd (002346) - Net Assets
Latest net assets as of September 2025: CN¥2.88 Billion CNY
Based on the latest financial reports, Shanghai Zhezhong Construction Co Ltd (002346) has net assets worth CN¥2.88 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¥4.02 Billion) and total liabilities (CN¥1.14 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¥2.88 Billion |
| % of Total Assets | 71.76% |
| Annual Growth Rate | 19.3% |
| 5-Year Change | 38.73% |
| 10-Year Change | 94.22% |
| Growth Volatility | 71.27 |
Shanghai Zhezhong Construction Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shanghai Zhezhong Construction 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 Shanghai Zhezhong Construction Co Ltd (2006–2024)
The table below shows the annual net assets of Shanghai Zhezhong Construction Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.89 Billion | -0.98% |
| 2023-12-31 | CN¥2.92 Billion | +7.75% |
| 2022-12-31 | CN¥2.71 Billion | -19.66% |
| 2021-12-31 | CN¥3.37 Billion | +61.85% |
| 2020-12-31 | CN¥2.08 Billion | +2.65% |
| 2019-12-31 | CN¥2.03 Billion | -0.53% |
| 2018-12-31 | CN¥2.04 Billion | -3.85% |
| 2017-12-31 | CN¥2.12 Billion | +28.59% |
| 2016-12-31 | CN¥1.65 Billion | +10.90% |
| 2015-12-31 | CN¥1.49 Billion | +3.87% |
| 2014-12-31 | CN¥1.43 Billion | +50.74% |
| 2013-12-31 | CN¥950.88 Million | -1.62% |
| 2012-12-31 | CN¥966.53 Million | +0.23% |
| 2011-12-31 | CN¥964.34 Million | +5.69% |
| 2010-12-31 | CN¥912.40 Million | +311.86% |
| 2009-12-31 | CN¥221.53 Million | +29.80% |
| 2008-12-31 | CN¥170.67 Million | +15.12% |
| 2007-12-31 | CN¥148.26 Million | +22.84% |
| 2006-12-31 | CN¥120.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Zhezhong Construction 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 4910.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.83 Billion | 63.45% |
| Common Stock | CN¥441.58 Million | 15.27% |
| Other Comprehensive Income | CN¥289.13 Million | 10.00% |
| Other Components | CN¥326.12 Million | 11.28% |
| Total Equity | CN¥2.89 Billion | 100.00% |
Shanghai Zhezhong Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Zhezhong Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Otokar Otomotiv ve Savunma Sanayi AS
IS:OTKAR
|
$342.82 Million |
|
Sinopec Oilfield Service Corporation
PINK:YZCFF
|
$342.85 Million |
|
Weltrend Semiconductor Inc
TW:2436
|
$342.86 Million |
|
Zhejiang He Chuan Technology Corp. Ltd. A
SHG:688320
|
$343.16 Million |
|
eClerx Services Limited
NSE:ECLERX
|
$342.77 Million |
|
ASNFF
PINK:ASNFF
|
$342.77 Million |
|
Lian Hwa Foods Corp
TW:1231
|
$342.75 Million |
|
Gladstone Land Corporation
NASDAQ:LAND
|
$342.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Zhezhong Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,920,134,890 to 2,891,564,142, a change of -28,570,748 (-1.0%).
- Net income of 73,149,334 contributed positively to equity growth.
- Dividend payments of 107,296,238 reduced retained earnings.
- Share repurchases of 14,555,011 reduced equity.
- Other comprehensive income increased equity by 289,133,327.
- Other factors decreased equity by 269,002,160.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥73.15 Million | +2.53% |
| Dividends Paid | CN¥107.30 Million | -3.71% |
| Share Repurchases | CN¥14.56 Million | -0.5% |
| Other Comprehensive Income | CN¥289.13 Million | +10.0% |
| Other Changes | CN¥-269.00 Million | -9.3% |
| Total Change | CN¥- | -0.98% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Zhezhong Construction 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: 2.89x
- 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 26.00x to 2.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.75 | CN¥19.39 | x |
| 2007-12-31 | CN¥0.75 | CN¥19.39 | x |
| 2008-12-31 | CN¥0.85 | CN¥19.39 | x |
| 2009-12-31 | CN¥1.11 | CN¥19.39 | x |
| 2010-12-31 | CN¥3.50 | CN¥19.39 | x |
| 2011-12-31 | CN¥3.58 | CN¥19.39 | x |
| 2012-12-31 | CN¥3.46 | CN¥19.39 | x |
| 2013-12-31 | CN¥2.05 | CN¥19.39 | x |
| 2014-12-31 | CN¥3.23 | CN¥19.39 | x |
| 2015-12-31 | CN¥3.34 | CN¥19.39 | x |
| 2016-12-31 | CN¥4.09 | CN¥19.39 | x |
| 2017-12-31 | CN¥4.82 | CN¥19.39 | x |
| 2018-12-31 | CN¥4.55 | CN¥19.39 | x |
| 2019-12-31 | CN¥4.60 | CN¥19.39 | x |
| 2020-12-31 | CN¥4.72 | CN¥19.39 | x |
| 2021-12-31 | CN¥5.47 | CN¥19.39 | x |
| 2022-12-31 | CN¥6.19 | CN¥19.39 | x |
| 2023-12-31 | CN¥6.68 | CN¥19.39 | x |
| 2024-12-31 | CN¥6.72 | CN¥19.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Zhezhong Construction 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): 2.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.37x
- Recent ROE (2.53%) is below the historical average (11.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 22.12% | 12.49% | 0.71x | 2.50x | CN¥14.63 Million |
| 2007 | 34.11% | 16.15% | 0.90x | 2.34x | CN¥35.74 Million |
| 2008 | 27.78% | 14.56% | 1.01x | 1.89x | CN¥30.35 Million |
| 2009 | 22.96% | 16.90% | 0.88x | 1.54x | CN¥28.71 Million |
| 2010 | 4.29% | 14.16% | 0.28x | 1.10x | CN¥-52.11 Million |
| 2011 | 6.28% | 13.30% | 0.42x | 1.12x | CN¥-35.85 Million |
| 2012 | 2.16% | 6.82% | 0.27x | 1.17x | CN¥-75.73 Million |
| 2013 | 6.33% | 11.00% | 0.54x | 1.06x | CN¥-34.85 Million |
| 2014 | 5.89% | 18.22% | 0.24x | 1.32x | CN¥-58.92 Million |
| 2015 | 7.78% | 26.47% | 0.22x | 1.34x | CN¥-33.06 Million |
| 2016 | 1.22% | 4.78% | 0.22x | 1.17x | CN¥-144.64 Million |
| 2017 | 12.23% | 57.20% | 0.18x | 1.16x | CN¥47.25 Million |
| 2018 | 2.86% | 10.42% | 0.22x | 1.24x | CN¥-145.58 Million |
| 2019 | 4.66% | 20.96% | 0.15x | 1.44x | CN¥-108.38 Million |
| 2020 | 7.72% | 26.62% | 0.22x | 1.30x | CN¥-47.53 Million |
| 2021 | 18.63% | 65.00% | 0.14x | 2.07x | CN¥207.49 Million |
| 2022 | 16.63% | 62.10% | 0.18x | 1.51x | CN¥179.60 Million |
| 2023 | 10.18% | 26.47% | 0.26x | 1.50x | CN¥5.22 Million |
| 2024 | 2.53% | 7.54% | 0.24x | 1.37x | CN¥-216.01 Million |
Industry Comparison
This section compares Shanghai Zhezhong Construction 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: $1,352,447,650
- Average return on equity (ROE) among peers: 12.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Zhezhong Construction Co Ltd (002346) | CN¥2.88 Billion | 22.12% | 0.39x | $342.80 Million |
| XJ Electric Co Ltd (000400) | $3.19 Billion | 10.42% | 1.17x | $2.43 Billion |
| Guangdong Macro Co Ltd (000533) | $868.77 Million | 22.25% | 1.96x | $868.19 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.80 Billion | 15.42% | 0.18x | $654.02 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $502.98 Million |
| Huagong Tech Co Ltd (000988) | $586.33 Million | 8.56% | 0.35x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $434.81 Million | 6.61% | 1.31x | $810.39 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $843.31 Million | 10.49% | 0.14x | $1.57 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $1.22 Billion | 11.09% | 0.26x | $190.55 Million |
| Sieyuan Electric Co Ltd (002028) | $75.64 Million | 28.40% | 0.62x | $14.39 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $200.73 Million | 2.91% | 0.19x | $221.83 Million |