Chongyi Zhangyuan Tungsten Co Ltd (002378) - Net Assets

Latest as of September 2025: CN¥2.24 Billion CNY ≈ $328.42 Million USD

Based on the latest financial reports, Chongyi Zhangyuan Tungsten Co Ltd (002378) has net assets worth CN¥2.24 Billion CNY (≈ $328.42 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¥5.49 Billion ≈ $802.90 Million USD) and total liabilities (CN¥3.24 Billion ≈ $474.48 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 Chongyi Zhangyuan Tungsten Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.24 Billion
% of Total Assets	40.9%
Annual Growth Rate	12.97%
5-Year Change	26.18%
10-Year Change	12.02%
Growth Volatility	28.9

Chongyi Zhangyuan Tungsten Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Chongyi Zhangyuan Tungsten Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Chongyi Zhangyuan Tungsten Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Chongyi Zhangyuan Tungsten Co Ltd (2006–2024)

The table below shows the annual net assets of Chongyi Zhangyuan Tungsten Co Ltd from 2006 to 2024. For live valuation and market cap data, see Chongyi Zhangyuan Tungsten Co Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.13 Billion ≈ $312.39 Million	+4.49%
2023-12-31	CN¥2.04 Billion ≈ $298.98 Million	+1.87%
2022-12-31	CN¥2.01 Billion ≈ $293.49 Million	+6.75%
2021-12-31	CN¥1.88 Billion ≈ $274.93 Million	+11.05%
2020-12-31	CN¥1.69 Billion ≈ $247.57 Million	+0.03%
2019-12-31	CN¥1.69 Billion ≈ $247.50 Million	-15.46%
2018-12-31	CN¥2.00 Billion ≈ $292.75 Million	+1.73%
2017-12-31	CN¥1.97 Billion ≈ $287.77 Million	+0.79%
2016-12-31	CN¥1.95 Billion ≈ $285.51 Million	+2.38%
2015-12-31	CN¥1.91 Billion ≈ $278.86 Million	-7.79%
2014-12-31	CN¥2.07 Billion ≈ $302.41 Million	+45.26%
2013-12-31	CN¥1.42 Billion ≈ $208.19 Million	+1.90%
2012-12-31	CN¥1.40 Billion ≈ $204.32 Million	-2.25%
2011-12-31	CN¥1.43 Billion ≈ $209.02 Million	+14.46%
2010-12-31	CN¥1.25 Billion ≈ $182.62 Million	+92.76%
2009-12-31	CN¥647.43 Million ≈ $94.74 Million	+22.86%
2008-12-31	CN¥526.95 Million ≈ $77.11 Million	+19.65%
2007-12-31	CN¥440.42 Million ≈ $64.45 Million	+85.44%
2006-12-31	CN¥237.51 Million ≈ $34.75 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Chongyi Zhangyuan Tungsten 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 262.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥339.74 Million	15.94%
Common Stock	CN¥1.20 Billion	56.38%
Other Comprehensive Income	CN¥299.02 Million	14.03%
Other Components	CN¥290.66 Million	13.64%
Total Equity	CN¥2.13 Billion	100.00%

Chongyi Zhangyuan Tungsten Co Ltd Competitors by Market Cap

The table below lists competitors of Chongyi Zhangyuan Tungsten Co Ltd ranked by their market capitalization.

Company	Market Cap
Kingnet Network Co Ltd SHE:002517	$5.91 Billion
GXO Logistics Inc NYSE:GXO	$5.91 Billion
ZALANDO SE UNSP.ADR /2 F:ZAL1	$5.91 Billion
Cleveland-Cliffs Inc NYSE:CLF	$5.92 Billion
Warehouses de Pauw Comm VA BR:WDP	$5.90 Billion
Taiwan Cement Corp TW:1101	$5.90 Billion
SHISEIDO CO. ADR F:SHDA	$5.90 Billion
UPL Limited NSE:UPL	$5.90 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,036,676,415 to 2,130,834,185, a change of 94,157,770 (4.6%).
Net income of 172,028,568 contributed positively to equity growth.
Dividend payments of 150,791,798 reduced retained earnings.
Other comprehensive income increased equity by 19,416,304.
Other factors increased equity by 53,504,696.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥172.03 Million	+8.07%
Dividends Paid	CN¥150.79 Million	-7.08%
Other Comprehensive Income	CN¥19.42 Million	+0.91%
Other Changes	CN¥53.50 Million	+2.51%
Total Change	CN¥-	4.62%

Book Value vs Market Value Analysis

This analysis compares Chongyi Zhangyuan Tungsten 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: 18.93x
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 143.10x to 18.93x 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¥0.23	CN¥33.58	x
2007-12-31	CN¥0.44	CN¥33.58	x
2008-12-31	CN¥0.52	CN¥33.58	x
2009-12-31	CN¥0.65	CN¥33.58	x
2010-12-31	CN¥1.14	CN¥33.58	x
2011-12-31	CN¥1.28	CN¥33.58	x
2012-12-31	CN¥1.26	CN¥33.58	x
2013-12-31	CN¥1.26	CN¥33.58	x
2014-12-31	CN¥1.95	CN¥33.58	x
2015-12-31	CN¥1.56	CN¥33.58	x
2016-12-31	CN¥1.59	CN¥33.58	x
2017-12-31	CN¥1.44	CN¥33.58	x
2018-12-31	CN¥1.66	CN¥33.58	x
2019-12-31	CN¥1.40	CN¥33.58	x
2020-12-31	CN¥1.42	CN¥33.58	x
2021-12-31	CN¥1.57	CN¥33.58	x
2022-12-31	CN¥1.67	CN¥33.58	x
2023-12-31	CN¥1.70	CN¥33.58	x
2024-12-31	CN¥1.77	CN¥33.58	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Chongyi Zhangyuan Tungsten 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): 8.07%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.68%
• Asset Turnover: 0.74x
• Equity Multiplier: 2.33x
Recent ROE (8.07%) is above the historical average (7.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	14.75%	5.61%	0.71x	3.72x	CN¥11.14 Million
2007	29.81%	14.58%	0.74x	2.76x	CN¥87.25 Million
2008	16.95%	10.16%	0.66x	2.51x	CN¥36.60 Million
2009	18.23%	11.01%	0.75x	2.20x	CN¥53.30 Million
2010	12.13%	10.98%	0.63x	1.76x	CN¥26.64 Million
2011	20.09%	14.82%	0.79x	1.71x	CN¥144.07 Million
2012	9.43%	7.55%	0.62x	2.00x	CN¥-7.96 Million
2013	7.62%	5.55%	0.65x	2.10x	CN¥-33.85 Million
2014	3.15%	3.19%	0.64x	1.53x	CN¥-141.54 Million
2015	-8.39%	-11.89%	0.43x	1.64x	CN¥-350.40 Million
2016	2.42%	3.59%	0.40x	1.70x	CN¥-147.77 Million
2017	1.60%	1.72%	0.51x	1.83x	CN¥-164.92 Million
2018	2.32%	2.48%	0.47x	2.01x	CN¥-152.97 Million
2019	-17.12%	-15.78%	0.50x	2.19x	CN¥-456.90 Million
2020	2.21%	1.92%	0.49x	2.32x	CN¥-131.36 Million
2021	8.80%	6.19%	0.58x	2.44x	CN¥-22.45 Million
2022	10.16%	6.35%	0.67x	2.39x	CN¥3.16 Million
2023	7.07%	4.23%	0.70x	2.39x	CN¥-59.71 Million
2024	8.07%	4.68%	0.74x	2.33x	CN¥-41.05 Million

Industry Comparison

This section compares Chongyi Zhangyuan Tungsten Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $3,652,624,328
Average return on equity (ROE) among peers: 2.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Chongyi Zhangyuan Tungsten Co Ltd (002378)	CN¥2.24 Billion	14.75%	1.44x	$5.90 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060)	$1.32 Billion	10.34%	2.74x	$4.92 Billion
Inner Mongolia Xingye Mining Co Ltd (000426)	$5.37 Billion	1.90%	0.72x	$12.93 Billion
Shengda Mining Co Ltd (000603)	$3.54 Billion	10.31%	0.52x	$4.06 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629)	$12.86 Billion	-3.53%	0.97x	$5.30 Billion
China Tungsten and Hightech Materials Co Ltd (000657)	$614.81 Million	-14.57%	0.74x	$20.16 Billion
Guocheng Mining Co Ltd (000688)	$426.17 Million	10.04%	1.22x	$7.89 Billion
Huludao Zinc Industry Co Ltd (000751)	$2.65 Billion	5.12%	0.62x	$1.52 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758)	$6.37 Billion	1.29%	1.67x	$2.18 Billion
Tibet Mineral Development Co Ltd (000762)	$2.60 Billion	5.40%	0.11x	$2.85 Billion
Innuovo Technology Co Ltd Class A (000795)	$771.37 Million	0.80%	0.99x	$1.56 Billion

About Chongyi Zhangyuan Tungsten Co Ltd

SHE:002378 China Other Industrial Metals & Mining

Market Cap

$5.90 Billion

CN¥40.34 Billion CNY

Market Cap Rank

#3246 Global

#478 in China

Share Price

CN¥33.58

Change (1 day)

-2.78%

52-Week Range

CN¥7.66 - CN¥44.98

All Time High

CN¥44.98