Zhejiang Weixing New Building Materials Co Ltd
Zhejiang Weixing New Building Materials Co., Ltd. engages in the manufacture and sale of plastic pipes in China. The company offers PP-R, PE, polypropylene-random-copolymer, PE-Xb, F-PPR, and PP-R/AL pipes for home decoration water supply pipeline system, urban water supply, high temperature radiator heating system, building hot and cold-water supply system, air conditioning hot and cold water, w… Read more
Zhejiang Weixing New Building Materials Co Ltd (002372) - Net Assets
Latest net assets as of September 2025: CN¥4.88 Billion CNY
Based on the latest financial reports, Zhejiang Weixing New Building Materials Co Ltd (002372) has net assets worth CN¥4.88 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¥6.37 Billion) and total liabilities (CN¥1.49 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¥4.88 Billion |
| % of Total Assets | 76.58% |
| Annual Growth Rate | 18.17% |
| 5-Year Change | 20.42% |
| 10-Year Change | 118.72% |
| Growth Volatility | 94.24 |
Zhejiang Weixing New Building Materials Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Zhejiang Weixing New Building Materials 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 Weixing New Building Materials Co Ltd (2006–2024)
The table below shows the annual net assets of Zhejiang Weixing New Building Materials Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.23 Billion | -8.95% |
| 2023-12-31 | CN¥5.75 Billion | +5.48% |
| 2022-12-31 | CN¥5.45 Billion | +10.44% |
| 2021-12-31 | CN¥4.94 Billion | +13.54% |
| 2020-12-31 | CN¥4.35 Billion | +11.29% |
| 2019-12-31 | CN¥3.91 Billion | +6.79% |
| 2018-12-31 | CN¥3.66 Billion | +13.91% |
| 2017-12-31 | CN¥3.21 Billion | +16.87% |
| 2016-12-31 | CN¥2.75 Billion | +14.78% |
| 2015-12-31 | CN¥2.39 Billion | +13.05% |
| 2014-12-31 | CN¥2.12 Billion | +8.83% |
| 2013-12-31 | CN¥1.95 Billion | +9.76% |
| 2012-12-31 | CN¥1.77 Billion | +3.17% |
| 2011-12-31 | CN¥1.72 Billion | +9.22% |
| 2010-12-31 | CN¥1.57 Billion | +417.44% |
| 2009-12-31 | CN¥303.95 Million | -5.99% |
| 2008-12-31 | CN¥323.32 Million | +41.69% |
| 2007-12-31 | CN¥228.19 Million | -11.93% |
| 2006-12-31 | CN¥259.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Weixing New Building Materials 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 1523.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.53 Billion | 49.75% |
| Common Stock | CN¥1.59 Billion | 31.26% |
| Other Components | CN¥967.31 Million | 18.99% |
| Total Equity | CN¥5.09 Billion | 100.00% |
Zhejiang Weixing New Building Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Weixing New Building Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
F&G Annuities & Life Inc.
NYSE:FG
|
$863.14 Million |
|
HelloFresh SE
PINK:HLFFF
|
$863.21 Million |
|
Smartfit Escola de Ginástica e Dança S.A
SA:SMFT3
|
$864.18 Million |
|
Serena Energia S.A.
SA:SRNA3
|
$864.62 Million |
|
Nongshim
KO:004370
|
$862.06 Million |
|
Realord Group Holdings Limited
F:CUV
|
$861.91 Million |
|
Sichuan Haite High-tech Co Ltd
SHE:002023
|
$861.58 Million |
|
ATHENS INTERNATIONAL AIRPORT S.
AT:AIA
|
$861.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Weixing New Building Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,594,026,152 to 5,092,913,572, a change of -501,112,580 (-9.0%).
- Net income of 952,671,662 contributed positively to equity growth.
- Dividend payments of 1,414,681,189 reduced retained earnings.
- Share repurchases of 41,061,350 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥952.67 Million | +18.71% |
| Dividends Paid | CN¥1.41 Billion | -27.78% |
| Share Repurchases | CN¥41.06 Million | -0.81% |
| Other Changes | CN¥1.96 Million | +0.04% |
| Total Change | CN¥- | -8.96% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Weixing New Building Materials 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: 3.55x
- 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 48.86x to 3.55x 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¥0.24 | CN¥11.51 | x |
| 2007-12-31 | CN¥0.21 | CN¥11.51 | x |
| 2008-12-31 | CN¥0.29 | CN¥11.51 | x |
| 2009-12-31 | CN¥0.28 | CN¥11.51 | x |
| 2010-12-31 | CN¥1.15 | CN¥11.51 | x |
| 2011-12-31 | CN¥1.16 | CN¥11.51 | x |
| 2012-12-31 | CN¥1.21 | CN¥11.51 | x |
| 2013-12-31 | CN¥1.31 | CN¥11.51 | x |
| 2014-12-31 | CN¥1.41 | CN¥11.51 | x |
| 2015-12-31 | CN¥1.56 | CN¥11.51 | x |
| 2016-12-31 | CN¥1.76 | CN¥11.51 | x |
| 2017-12-31 | CN¥2.04 | CN¥11.51 | x |
| 2018-12-31 | CN¥2.35 | CN¥11.51 | x |
| 2019-12-31 | CN¥2.48 | CN¥11.51 | x |
| 2020-12-31 | CN¥2.75 | CN¥11.51 | x |
| 2021-12-31 | CN¥3.10 | CN¥11.51 | x |
| 2022-12-31 | CN¥3.36 | CN¥11.51 | x |
| 2023-12-31 | CN¥3.51 | CN¥11.51 | x |
| 2024-12-31 | CN¥3.24 | CN¥11.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Weixing New Building Materials 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): 18.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.20%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 1.30x
- Recent ROE (18.71%) is below the historical average (23.28%), 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 | 15.89% | 8.81% | 0.85x | 2.12x | CN¥15.29 Million |
| 2007 | 38.34% | 12.49% | 1.37x | 2.24x | CN¥64.67 Million |
| 2008 | 29.42% | 10.61% | 1.38x | 2.01x | CN¥62.80 Million |
| 2009 | 43.63% | 14.25% | 1.42x | 2.15x | CN¥102.23 Million |
| 2010 | 10.82% | 13.62% | 0.66x | 1.20x | CN¥12.84 Million |
| 2011 | 12.76% | 12.92% | 0.80x | 1.24x | CN¥47.47 Million |
| 2012 | 13.31% | 12.70% | 0.89x | 1.18x | CN¥58.70 Million |
| 2013 | 16.23% | 14.62% | 0.94x | 1.18x | CN¥121.14 Million |
| 2014 | 18.32% | 16.47% | 0.92x | 1.21x | CN¥176.05 Million |
| 2015 | 20.24% | 17.64% | 0.95x | 1.21x | CN¥245.08 Million |
| 2016 | 24.42% | 20.19% | 0.90x | 1.34x | CN¥396.00 Million |
| 2017 | 25.68% | 21.04% | 0.93x | 1.31x | CN¥501.46 Million |
| 2018 | 26.85% | 21.41% | 0.99x | 1.27x | CN¥613.91 Million |
| 2019 | 25.30% | 21.08% | 0.97x | 1.24x | CN¥594.57 Million |
| 2020 | 27.59% | 23.36% | 0.90x | 1.31x | CN¥760.31 Million |
| 2021 | 24.93% | 19.15% | 0.99x | 1.31x | CN¥732.60 Million |
| 2022 | 24.36% | 18.66% | 1.00x | 1.30x | CN¥764.78 Million |
| 2023 | 25.61% | 22.46% | 0.87x | 1.30x | CN¥873.01 Million |
| 2024 | 18.71% | 15.20% | 0.94x | 1.30x | CN¥443.38 Million |
Industry Comparison
This section compares Zhejiang Weixing New Building Materials Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,017,134,910
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Weixing New Building Materials Co Ltd (002372) | CN¥4.88 Billion | 15.89% | 0.31x | $862.46 Million |
| Huasu Holdings Co Ltd (000509) | $-97.01 Million | 0.00% | 0.00x | $359.86 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $13.52 Million | 0.00% | 1.72x | $206.70 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $8.53 Billion | 12.97% | 0.57x | $3.59 Billion |
| Yantai Moon Co Ltd (000811) | $6.21 Billion | 10.11% | 0.91x | $1.61 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $508.00 Million | 8.40% | 2.64x | $232.37 Million |
| Arrow Home Group Co. Ltd. A (001322) | $1.60 Billion | 34.70% | 3.18x | $113.36 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.20 Billion | 15.44% | 0.40x | $249.31 Million |
| Everjoy Health Group Co Ltd (002162) | $816.70 Million | 1.77% | 1.62x | $269.77 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $110.91 Million | 10.68% | 1.26x | $240.74 Million |
| Puyang Refractories Group Co Ltd (002225) | $277.05 Million | 17.03% | 0.92x | $602.85 Million |