Shanghai Zhezhong Construction Co Ltd (002346) - Net Assets

Latest as of September 2025: CN¥2.88 Billion CNY ≈ $422.12 Million USD

Based on the latest financial reports, Shanghai Zhezhong Construction Co Ltd (002346) has net assets worth CN¥2.88 Billion CNY (≈ $422.12 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¥4.02 Billion ≈ $588.26 Million USD) and total liabilities (CN¥1.14 Billion ≈ $166.14 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. Check asset resilience ratio of Shanghai Zhezhong Construction Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Shanghai Zhezhong Construction Co Ltd's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Shanghai Zhezhong Construction Co Ltd market capitalisation.

Year	Net Assets	Change
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 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
Jiangsu Gian Technology Co Ltd SHE:300709	$1.18 Billion
Guizhou Redstar Developing Co Ltd SHG:600367	$1.18 Billion
Colorlight Cloud Tech Ltd. A SHE:301391	$1.18 Billion
Fujian Septwolves Industry Co Ltd SHE:002029	$1.18 Billion
Econergy Renewable Energy Ltd TA:ECNR	$1.18 Billion
Macmahon Holdings Ltd AU:MAH	$1.18 Billion
Foschini Group Ltd JSE:TFG	$1.18 Billion
Adtran Networks SE F:ADV	$1.18 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 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: 2.72x
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 24.52x to 2.72x 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¥18.29	x
2007-12-31	CN¥0.75	CN¥18.29	x
2008-12-31	CN¥0.85	CN¥18.29	x
2009-12-31	CN¥1.11	CN¥18.29	x
2010-12-31	CN¥3.50	CN¥18.29	x
2011-12-31	CN¥3.58	CN¥18.29	x
2012-12-31	CN¥3.46	CN¥18.29	x
2013-12-31	CN¥2.05	CN¥18.29	x
2014-12-31	CN¥3.23	CN¥18.29	x
2015-12-31	CN¥3.34	CN¥18.29	x
2016-12-31	CN¥4.09	CN¥18.29	x
2017-12-31	CN¥4.82	CN¥18.29	x
2018-12-31	CN¥4.55	CN¥18.29	x
2019-12-31	CN¥4.60	CN¥18.29	x
2020-12-31	CN¥4.72	CN¥18.29	x
2021-12-31	CN¥5.47	CN¥18.29	x
2022-12-31	CN¥6.19	CN¥18.29	x
2023-12-31	CN¥6.68	CN¥18.29	x
2024-12-31	CN¥6.72	CN¥18.29	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: $1,627,273,163
Average return on equity (ROE) among peers: 11.53%

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	$1.18 Billion
XJ Electric Co Ltd (000400)	$1.62 Billion	9.34%	0.70x	$3.94 Billion
Guangdong Macro Co Ltd (000533)	$1.45 Billion	10.70%	1.25x	$1.36 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.84 Billion	10.28%	0.11x	$1.04 Billion
Dongfang Electronics Co Ltd (000682)	$411.24 Million	32.62%	0.36x	$2.64 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.42 Billion	8.15%	0.96x	$1.05 Billion
Huagong Tech Co Ltd (000988)	$773.02 Million	4.54%	0.79x	$20.11 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$775.82 Million	9.79%	0.91x	$1.92 Billion
Sieyuan Electric Co Ltd (002028)	$6.71 Billion	13.91%	0.65x	$22.64 Billion
Shanghai Welltech Automation Co Ltd (002058)	$183.97 Million	-6.05%	0.22x	$555.84 Million
Gotion High tech Co Ltd (002074)	$87.88 Million	21.99%	1.03x	$9.88 Billion

About Shanghai Zhezhong Construction Co Ltd

SHE:002346 China Electrical Equipment & Parts

Market Cap

$1.18 Billion

CN¥8.08 Billion CNY

Market Cap Rank

#8500 Global

#2243 in China

Share Price

CN¥18.29

Change (1 day)

+0.38%

52-Week Range

CN¥13.10 - CN¥22.70

All Time High

CN¥42.24