Zhejiang Double Arrow Rubber Co Ltd (002381) - Net Assets

Latest as of March 2026: CN¥2.18 Billion CNY ≈ $318.65 Million USD

Based on the latest financial reports, Zhejiang Double Arrow Rubber Co Ltd (002381) has net assets worth CN¥2.18 Billion CNY (≈ $318.65 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¥3.88 Billion ≈ $567.10 Million USD) and total liabilities (CN¥1.70 Billion ≈ $248.44 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 002381 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.18 Billion
% of Total Assets	56.19%
Annual Growth Rate	15.27%
5-Year Change	12.58%
10-Year Change	21.23%
Growth Volatility	44.92

Zhejiang Double Arrow Rubber Co Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Zhejiang Double Arrow Rubber Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002381 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Zhejiang Double Arrow Rubber Co Ltd (2006–2025)

The table below shows the annual net assets of Zhejiang Double Arrow Rubber Co Ltd from 2006 to 2025. For live valuation and market cap data, see 002381 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥2.16 Billion ≈ $316.18 Million	-1.14%
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	--

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 1413.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥957.96 Million	44.53%
Other Components	CN¥1.19 Billion	55.47%
Total Equity	CN¥2.15 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
Verastem Inc NASDAQ:VSTM	$322.50 Million
Bms Birlesik Metal Sanayi ve Ticaret AS IS:BMSTL	$322.52 Million
Zoneco Group Co Ltd SHE:002069	$322.58 Million
Xinjiang Tianshun Supply Chain Co Ltd SHE:002800	$322.61 Million
Ramky Infrastructure Limited NSE:RAMKY	$322.13 Million
PETROTAL CORP. F:SER1	$322.11 Million
Sonix Technology Co Ltd TW:5471	$322.10 Million
Mobiltel Iletisim Hizmetleri Sanayi ve Ticaret AS IS:MOBTL	$322.09 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 2024 to 2025, total equity changed from 2,173,816,825 to 2,151,175,832, a change of -22,640,993 (-1.0%).
Net income of 65,302,291 contributed positively to equity growth.
Dividend payments of 91,265,672 reduced retained earnings.
Other comprehensive income decreased equity by 226,900,150.
Other factors increased equity by 230,222,538.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥65.30 Million	+3.04%
Dividends Paid	CN¥91.27 Million	-4.24%
Other Comprehensive Income	CN¥-226.90 Million	-10.55%
Other Changes	CN¥230.22 Million	+10.7%
Total Change	CN¥-	-1.04%

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: 1.02x
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 9.34x to 1.02x 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¥5.35	x
2007-12-31	CN¥0.79	CN¥5.35	x
2008-12-31	CN¥0.85	CN¥5.35	x
2009-12-31	CN¥1.06	CN¥5.35	x
2010-12-31	CN¥2.67	CN¥5.35	x
2011-12-31	CN¥2.50	CN¥5.35	x
2012-12-31	CN¥2.77	CN¥5.35	x
2013-12-31	CN¥3.04	CN¥5.35	x
2014-12-31	CN¥3.30	CN¥5.35	x
2015-12-31	CN¥3.36	CN¥5.35	x
2016-12-31	CN¥3.91	CN¥5.35	x
2017-12-31	CN¥3.91	CN¥5.35	x
2018-12-31	CN¥4.05	CN¥5.35	x
2019-12-31	CN¥4.29	CN¥5.35	x
2020-12-31	CN¥4.80	CN¥5.35	x
2021-12-31	CN¥4.62	CN¥5.35	x
2022-12-31	CN¥4.83	CN¥5.35	x
2023-12-31	CN¥5.01	CN¥5.35	x
2024-12-31	CN¥5.10	CN¥5.35	x
2025-12-31	CN¥5.23	CN¥5.35	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): 3.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.44%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.80x
Recent ROE (3.04%) is below the historical average (10.21%), 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
2025	3.04%	2.44%	0.69x	1.80x	CN¥-149.82 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: $1,624,800,266
Average return on equity (ROE) among peers: 519.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Double Arrow Rubber Co Ltd (002381)	CN¥2.18 Billion	26.01%	0.78x	$322.21 Million
FAWER Automotive Parts Ltd Co (000030)	$-1.65 Million	0.00%	0.00x	$1.04 Billion
Wanxiang Qianchao Co Ltd (000559)	$8.92 Billion	9.07%	1.15x	$6.67 Billion
Weifu High-Technology Group Co Ltd (000581)	$1.19 Billion	8.97%	0.42x	$2.03 Billion
Gui Zhou Tyre Co Ltd (000589)	$2.38 Billion	7.28%	2.18x	$966.83 Million
Qingdao Doublestar Co Ltd (000599)	$1.56 Billion	1.77%	2.12x	$1.55 Billion
Hengli Industrial Development Group Co Ltd (000622)	$153.38 Million	0.00%	1.11x	$9.33 Million
Xiangyang Automobile Bearing Co Ltd (000678)	$473.93 Million	2.82%	0.64x	$653.72 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700)	$1.20 Billion	6.30%	2.26x	$2.08 Billion
Sichuan Haowu Electromechanical Co Ltd (000757)	$7.93 Million	5157.51%	58.54x	$285.31 Million
Anhui Zhongding Sealing Parts Co Ltd (000887)	$361.12 Million	-1.54%	0.62x	$4.21 Billion

About Zhejiang Double Arrow Rubber Co Ltd

SHE:002381 China Auto Parts

Market Cap

$322.21 Million

CN¥2.20 Billion CNY

Market Cap Rank

#14567 Global

#4350 in China

Share Price

CN¥5.35

Change (1 day)

-0.56%

52-Week Range

CN¥5.35 - CN¥7.19

All Time High

CN¥16.03