Zhejiang Double Arrow Rubber Co Ltd (002381) - Net Assets
Based on the latest financial reports, Zhejiang Double Arrow Rubber Co Ltd (002381) has net assets worth CN¥2.16 Billion CNY (≈ $315.35 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¥3.79 Billion ≈ $554.96 Million USD) and total liabilities (CN¥1.64 Billion ≈ $239.61 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 financial resilience of Zhejiang Double Arrow Rubber Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.16 Billion |
| % of Total Assets | 56.82% |
| Annual Growth Rate | 16.26% |
| 5-Year Change | 10.51% |
| 10-Year Change | 78.27% |
| Growth Volatility | 45.86 |
Zhejiang Double Arrow Rubber Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Zhejiang Double Arrow Rubber Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Double Arrow Rubber Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Double Arrow Rubber Co Ltd (2006–2024)
The table below shows the annual net assets of Zhejiang Double Arrow Rubber Co Ltd from 2006 to 2024. For live valuation and market cap data, see 002381 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.19 Billion ≈ $319.83 Million |
+2.35% |
| 2023-12-31 | CN¥2.14 Billion ≈ $312.49 Million |
+8.21% |
| 2022-12-31 | CN¥1.97 Billion ≈ $288.80 Million |
+2.83% |
| 2021-12-31 | CN¥1.92 Billion ≈ $280.85 Million |
-2.96% |
| 2020-12-31 | CN¥1.98 Billion ≈ $289.41 Million |
+11.71% |
| 2019-12-31 | CN¥1.77 Billion ≈ $259.06 Million |
+3.69% |
| 2018-12-31 | CN¥1.71 Billion ≈ $249.84 Million |
+0.67% |
| 2017-12-31 | CN¥1.70 Billion ≈ $248.18 Million |
-4.84% |
| 2016-12-31 | CN¥1.78 Billion ≈ $260.80 Million |
+45.37% |
| 2015-12-31 | CN¥1.23 Billion ≈ $179.41 Million |
+2.79% |
| 2014-12-31 | CN¥1.19 Billion ≈ $174.54 Million |
+7.55% |
| 2013-12-31 | CN¥1.11 Billion ≈ $162.29 Million |
+12.59% |
| 2012-12-31 | CN¥985.04 Million ≈ $144.14 Million |
+8.86% |
| 2011-12-31 | CN¥904.84 Million ≈ $132.41 Million |
+2.65% |
| 2010-12-31 | CN¥881.44 Million ≈ $128.98 Million |
+201.65% |
| 2009-12-31 | CN¥292.20 Million ≈ $42.76 Million |
+24.04% |
| 2008-12-31 | CN¥235.57 Million ≈ $34.47 Million |
+11.69% |
| 2007-12-31 | CN¥210.92 Million ≈ $30.86 Million |
+45.32% |
| 2006-12-31 | CN¥145.14 Million ≈ $21.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Double Arrow Rubber 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 1428.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥967.49 Million | 44.51% |
| Common Stock | CN¥411.58 Million | 18.93% |
| Other Comprehensive Income | CN¥226.90 Million | 10.44% |
| Other Components | CN¥567.85 Million | 26.12% |
| Total Equity | CN¥2.17 Billion | 100.00% |
Zhejiang Double Arrow Rubber Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Double Arrow Rubber Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zoneco Group Co Ltd
SHE:002069
|
$404.79 Million |
|
Enanta Pharmaceuticals Inc
NASDAQ:ENTA
|
$404.82 Million |
|
Lifestyle Communities Ltd
AU:LIC
|
$404.85 Million |
|
Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd
SHE:002388
|
$405.04 Million |
|
Wuxi Lihu Corporation Limited Class A
SHE:300694
|
$404.68 Million |
|
XiAn Global Printing Co Ltd
SHE:002799
|
$404.63 Million |
|
Zuming Bean Products Co Ltd
SHE:003030
|
$404.62 Million |
|
Allogene Therapeutics Inc
NASDAQ:ALLO
|
$404.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Double Arrow Rubber Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,124,327,457 to 2,173,816,825, a change of 49,489,368 (2.3%).
- Net income of 153,579,164 contributed positively to equity growth.
- Dividend payments of 108,358,865 reduced retained earnings.
- Other comprehensive income decreased equity by 1,205,740.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥153.58 Million | +7.06% |
| Dividends Paid | CN¥108.36 Million | -4.98% |
| Other Comprehensive Income | CN¥-1.21 Million | -0.06% |
| Other Changes | CN¥5.47 Million | +0.25% |
| Total Change | CN¥- | 2.33% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Double Arrow Rubber 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: 1.27x
- 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 11.74x to 1.27x 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¥0.57 | CN¥6.72 | x |
| 2007-12-31 | CN¥0.79 | CN¥6.72 | x |
| 2008-12-31 | CN¥0.85 | CN¥6.72 | x |
| 2009-12-31 | CN¥1.06 | CN¥6.72 | x |
| 2010-12-31 | CN¥2.67 | CN¥6.72 | x |
| 2011-12-31 | CN¥2.50 | CN¥6.72 | x |
| 2012-12-31 | CN¥2.77 | CN¥6.72 | x |
| 2013-12-31 | CN¥3.04 | CN¥6.72 | x |
| 2014-12-31 | CN¥3.30 | CN¥6.72 | x |
| 2015-12-31 | CN¥3.36 | CN¥6.72 | x |
| 2016-12-31 | CN¥3.91 | CN¥6.72 | x |
| 2017-12-31 | CN¥3.91 | CN¥6.72 | x |
| 2018-12-31 | CN¥4.05 | CN¥6.72 | x |
| 2019-12-31 | CN¥4.29 | CN¥6.72 | x |
| 2020-12-31 | CN¥4.78 | CN¥6.72 | x |
| 2021-12-31 | CN¥4.64 | CN¥6.72 | x |
| 2022-12-31 | CN¥4.77 | CN¥6.72 | x |
| 2023-12-31 | CN¥5.16 | CN¥6.72 | x |
| 2024-12-31 | CN¥5.28 | CN¥6.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Double Arrow Rubber 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): 7.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.66%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.75x
- Recent ROE (7.06%) is below the historical average (10.59%), 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 | 26.01% | 7.27% | 1.09x | 3.27x | CN¥20.67 Million |
| 2007 | 2.36% | 0.83% | 1.16x | 2.45x | CN¥-14.73 Million |
| 2008 | 16.72% | 5.38% | 1.20x | 2.59x | CN¥15.03 Million |
| 2009 | 21.94% | 9.74% | 1.10x | 2.05x | CN¥33.24 Million |
| 2010 | 4.25% | 4.47% | 0.75x | 1.27x | CN¥-49.81 Million |
| 2011 | 4.27% | 3.31% | 0.89x | 1.46x | CN¥-50.87 Million |
| 2012 | 10.60% | 8.65% | 0.90x | 1.36x | CN¥5.77 Million |
| 2013 | 13.37% | 12.68% | 0.81x | 1.30x | CN¥36.21 Million |
| 2014 | 11.50% | 12.11% | 0.73x | 1.30x | CN¥17.40 Million |
| 2015 | 8.93% | 11.19% | 0.63x | 1.27x | CN¥-12.84 Million |
| 2016 | 3.33% | 5.03% | 0.44x | 1.50x | CN¥-108.19 Million |
| 2017 | 6.65% | 9.89% | 0.55x | 1.23x | CN¥-56.57 Million |
| 2018 | 9.14% | 11.51% | 0.64x | 1.24x | CN¥-14.72 Million |
| 2019 | 14.00% | 16.30% | 0.66x | 1.31x | CN¥70.99 Million |
| 2020 | 16.03% | 17.42% | 0.68x | 1.35x | CN¥118.67 Million |
| 2021 | 7.79% | 7.77% | 0.68x | 1.47x | CN¥-42.12 Million |
| 2022 | 5.79% | 4.87% | 0.66x | 1.79x | CN¥-82.67 Million |
| 2023 | 11.38% | 9.33% | 0.69x | 1.76x | CN¥29.40 Million |
| 2024 | 7.06% | 5.66% | 0.71x | 1.75x | CN¥-63.80 Million |
Industry Comparison
This section compares Zhejiang Double Arrow Rubber Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Double Arrow Rubber Co Ltd (002381) | CN¥2.16 Billion | 26.01% | 0.76x | $404.72 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Zhejiang Double Arrow Rubber Co Ltd
Zhejiang Double Arrow Rubber Co., Ltd. manufactures and sells rubber conveyor belt products in China and internationally. The company provides flame resistant, high temperature resistant, and anti-tear steel cord conveyor belt, as well as low rolling resistance energy-saving and steel cord pipe conveyor belt; and fabric, flame resistant fabric, straight warp, fabric pipe, high temperature resista… Read more