Shanghai Zhezhong Construction Co Ltd (002346) - Net Assets
Based on the latest financial reports, Shanghai Zhezhong Construction Co Ltd (002346) has net assets worth CN¥2.89 Billion CNY (≈ $423.42 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¥4.23 Billion ≈ $619.34 Million USD) and total liabilities (CN¥1.34 Billion ≈ $195.92 Million 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. Explore Shanghai Zhezhong Construction Co Ltd (002346) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.89 Billion |
| % of Total Assets | 68.37% |
| Annual Growth Rate | 18.19% |
| 5-Year Change | -14.35% |
| 10-Year Change | 75.0% |
| Growth Volatility | 69.67 |
Shanghai Zhezhong Construction Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Shanghai Zhezhong Construction Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Shanghai Zhezhong Construction Co Ltd to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Shanghai Zhezhong Construction Co Ltd (2006–2025)
The table below shows the annual net assets of Shanghai Zhezhong Construction Co Ltd from 2006 to 2025. For live valuation and market cap data, see Shanghai Zhezhong Construction Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.89 Billion ≈ $422.82 Million |
-0.07% |
| 2024-12-31 | CN¥2.89 Billion ≈ $423.13 Million |
-0.98% |
| 2023-12-31 | CN¥2.92 Billion ≈ $427.31 Million |
+7.75% |
| 2022-12-31 | CN¥2.71 Billion ≈ $396.57 Million |
-19.66% |
| 2021-12-31 | CN¥3.37 Billion ≈ $493.64 Million |
+61.85% |
| 2020-12-31 | CN¥2.08 Billion ≈ $305.00 Million |
+2.65% |
| 2019-12-31 | CN¥2.03 Billion ≈ $297.12 Million |
-0.53% |
| 2018-12-31 | CN¥2.04 Billion ≈ $298.70 Million |
-3.85% |
| 2017-12-31 | CN¥2.12 Billion ≈ $310.67 Million |
+28.59% |
| 2016-12-31 | CN¥1.65 Billion ≈ $241.60 Million |
+10.90% |
| 2015-12-31 | CN¥1.49 Billion ≈ $217.86 Million |
+3.87% |
| 2014-12-31 | CN¥1.43 Billion ≈ $209.75 Million |
+50.74% |
| 2013-12-31 | CN¥950.88 Million ≈ $139.14 Million |
-1.62% |
| 2012-12-31 | CN¥966.53 Million ≈ $141.43 Million |
+0.23% |
| 2011-12-31 | CN¥964.34 Million ≈ $141.11 Million |
+5.69% |
| 2010-12-31 | CN¥912.40 Million ≈ $133.51 Million |
+311.86% |
| 2009-12-31 | CN¥221.53 Million ≈ $32.42 Million |
+29.80% |
| 2008-12-31 | CN¥170.67 Million ≈ $24.98 Million |
+15.12% |
| 2007-12-31 | CN¥148.26 Million ≈ $21.70 Million |
+22.84% |
| 2006-12-31 | CN¥120.69 Million ≈ $17.66 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 5470.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.04 Billion | 70.61% |
| Other Components | CN¥849.35 Million | 29.39% |
| 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 |
|---|---|
|
General American Investors Closed Fund
NYSE:GAM
|
$1.43 Billion |
|
Prosegur
MC:PSG
|
$1.43 Billion |
|
ADIENT PLC DL-001
F:18I
|
$1.43 Billion |
|
Kontron AG
VI:KTN
|
$1.43 Billion |
|
China Publishing & Media Hldg
SHG:601949
|
$1.43 Billion |
|
UroGen Pharma Ltd
NASDAQ:URGN
|
$1.43 Billion |
|
Eastcompeace Technology Co Ltd
SHE:002017
|
$1.43 Billion |
|
Suzhou Shihua New Material Technology Co Ltd
SHG:688093
|
$1.43 Billion |
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 2024 to 2025, total equity changed from 2,891,564,142 to 2,889,436,561, a change of -2,127,581 (-0.1%).
- Net income of 425,393,073 contributed positively to equity growth.
- Dividend payments of 219,459,789 reduced retained earnings.
- Other comprehensive income decreased equity by 289,133,327.
- Other factors increased equity by 81,072,462.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥425.39 Million | +14.72% |
| Dividends Paid | CN¥219.46 Million | -7.6% |
| Other Comprehensive Income | CN¥-289.13 Million | -10.01% |
| Other Changes | CN¥81.07 Million | +2.81% |
| Total Change | CN¥- | -0.07% |
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: 3.38x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.66x to 3.38x 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¥22.12 | x |
| 2007-12-31 | CN¥0.75 | CN¥22.12 | x |
| 2008-12-31 | CN¥0.85 | CN¥22.12 | x |
| 2009-12-31 | CN¥1.11 | CN¥22.12 | x |
| 2010-12-31 | CN¥3.50 | CN¥22.12 | x |
| 2011-12-31 | CN¥3.58 | CN¥22.12 | x |
| 2012-12-31 | CN¥3.58 | CN¥22.12 | x |
| 2013-12-31 | CN¥2.05 | CN¥22.12 | x |
| 2014-12-31 | CN¥3.23 | CN¥22.12 | x |
| 2015-12-31 | CN¥3.34 | CN¥22.12 | x |
| 2016-12-31 | CN¥4.09 | CN¥22.12 | x |
| 2017-12-31 | CN¥4.82 | CN¥22.12 | x |
| 2018-12-31 | CN¥4.55 | CN¥22.12 | x |
| 2019-12-31 | CN¥4.50 | CN¥22.12 | x |
| 2020-12-31 | CN¥4.66 | CN¥22.12 | x |
| 2021-12-31 | CN¥5.47 | CN¥22.12 | x |
| 2022-12-31 | CN¥6.19 | CN¥22.12 | x |
| 2023-12-31 | CN¥6.68 | CN¥22.12 | x |
| 2024-12-31 | CN¥6.72 | CN¥22.12 | x |
| 2025-12-31 | CN¥6.54 | CN¥22.12 | 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): 14.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.19%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.43x
- Recent ROE (14.72%) is above the historical average (11.55%), indicating improving 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 |
| 2025 | 14.72% | 50.19% | 0.20x | 1.43x | CN¥136.45 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: $2,575,831,089
- Average return on equity (ROE) among peers: 15.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Zhezhong Construction Co Ltd (002346) | CN¥2.89 Billion | 22.12% | 0.46x | $1.43 Billion |
| XJ Electric Co Ltd (000400) | $115.97 Million | 47.85% | 1.55x | $3.93 Billion |
| Guangdong Macro Co Ltd (000533) | $2.06 Billion | 11.00% | 0.58x | $1.18 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $885.25 Million |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.92 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.27 Billion | 47.35% | 1.31x | $847.64 Million |
| Huagong Tech Co Ltd (000988) | $1.16 Billion | 4.84% | 1.06x | $23.52 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $2.96 Billion | 3.73% | 1.19x | $1.51 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.46x | $22.65 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $201.79 Million | -7.53% | 0.85x | $563.82 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.10 Billion |
About 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