Zhe Jiang Kangsheng Co Ltd (002418) - Net Assets
Based on the latest financial reports, Zhe Jiang Kangsheng Co Ltd (002418) has net assets worth CN¥1.62 Billion CNY (≈ $236.42 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¥3.23 Billion ≈ $473.28 Million USD) and total liabilities (CN¥1.62 Billion ≈ $236.86 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 how resilient are Zhe Jiang Kangsheng Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.62 Billion |
| % of Total Assets | 49.95% |
| Annual Growth Rate | 12.67% |
| 5-Year Change | 12.09% |
| 10-Year Change | -20.47% |
| Growth Volatility | 56.52 |
Zhe Jiang Kangsheng Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhe Jiang Kangsheng Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhe Jiang Kangsheng Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhe Jiang Kangsheng Co Ltd (2007–2024)
The table below shows the annual net assets of Zhe Jiang Kangsheng Co Ltd from 2007 to 2024. For live valuation and market cap data, see Zhe Jiang Kangsheng Co Ltd (002418) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.60 Billion ≈ $234.63 Million |
+5.68% |
| 2023-12-31 | CN¥1.52 Billion ≈ $222.02 Million |
+1.74% |
| 2022-12-31 | CN¥1.49 Billion ≈ $218.22 Million |
-0.59% |
| 2021-12-31 | CN¥1.50 Billion ≈ $219.52 Million |
+4.87% |
| 2020-12-31 | CN¥1.43 Billion ≈ $209.33 Million |
+6.30% |
| 2019-12-31 | CN¥1.35 Billion ≈ $196.93 Million |
-28.78% |
| 2018-12-31 | CN¥1.89 Billion ≈ $276.51 Million |
-21.70% |
| 2017-12-31 | CN¥2.41 Billion ≈ $353.12 Million |
+9.53% |
| 2016-12-31 | CN¥2.20 Billion ≈ $322.39 Million |
+9.28% |
| 2015-12-31 | CN¥2.02 Billion ≈ $295.01 Million |
+77.66% |
| 2014-12-31 | CN¥1.13 Billion ≈ $166.05 Million |
-2.00% |
| 2013-12-31 | CN¥1.16 Billion ≈ $169.44 Million |
+0.35% |
| 2012-12-31 | CN¥1.15 Billion ≈ $168.86 Million |
+2.67% |
| 2011-12-31 | CN¥1.12 Billion ≈ $164.47 Million |
+5.79% |
| 2010-12-31 | CN¥1.06 Billion ≈ $155.47 Million |
+229.41% |
| 2009-12-31 | CN¥322.53 Million ≈ $47.20 Million |
+21.50% |
| 2008-12-31 | CN¥265.45 Million ≈ $38.84 Million |
+25.83% |
| 2007-12-31 | CN¥210.96 Million ≈ $30.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhe Jiang Kangsheng 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 decreased by 437.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.14 Billion | 79.89% |
| Other Comprehensive Income | CN¥59.95 Million | 4.21% |
| Other Components | CN¥491.69 Million | 34.57% |
| Total Equity | CN¥1.42 Billion | 100.00% |
Zhe Jiang Kangsheng Co Ltd Competitors by Market Cap
The table below lists competitors of Zhe Jiang Kangsheng Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Voltamp Transformers Limited
NSE:VOLTAMP
|
$1.04 Billion |
|
Blue Sail Medical Co Ltd
SHE:002382
|
$1.04 Billion |
|
Henan Ancai Hi-tech Co Ltd
SHG:600207
|
$1.04 Billion |
|
Bittium Oyj
HE:BITTI
|
$1.04 Billion |
|
Ameresco Inc
NYSE:AMRC
|
$1.04 Billion |
|
U Blox Holding AG
SW:UBXN
|
$1.04 Billion |
|
Truking Technology Ltd
SHE:300358
|
$1.04 Billion |
|
Fujian Nanping Sun Cable Co Ltd
SHE:002300
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhe Jiang Kangsheng Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,523,980,416 to 1,422,436,893, a change of -101,543,523 (-6.7%).
- Net loss of 98,308,495 reduced equity.
- Dividend payments of 16,707,977 reduced retained earnings.
- Other comprehensive income decreased equity by 3,235,028.
- Other factors increased equity by 16,707,977.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-98.31 Million | -6.91% |
| Dividends Paid | CN¥16.71 Million | -1.17% |
| Other Comprehensive Income | CN¥-3.24 Million | -0.23% |
| Other Changes | CN¥16.71 Million | +1.17% |
| Total Change | CN¥- | -6.66% |
Book Value vs Market Value Analysis
This analysis compares Zhe Jiang Kangsheng 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: 5.01x
- 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 14.98x to 5.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.42 | CN¥6.27 | x |
| 2008-12-31 | CN¥0.52 | CN¥6.27 | x |
| 2009-12-31 | CN¥0.62 | CN¥6.27 | x |
| 2010-12-31 | CN¥1.73 | CN¥6.27 | x |
| 2011-12-31 | CN¥1.62 | CN¥6.27 | x |
| 2012-12-31 | CN¥1.70 | CN¥6.27 | x |
| 2013-12-31 | CN¥1.57 | CN¥6.27 | x |
| 2014-12-31 | CN¥1.67 | CN¥6.27 | x |
| 2015-12-31 | CN¥1.91 | CN¥6.27 | x |
| 2016-12-31 | CN¥1.85 | CN¥6.27 | x |
| 2017-12-31 | CN¥1.98 | CN¥6.27 | x |
| 2018-12-31 | CN¥1.66 | CN¥6.27 | x |
| 2019-12-31 | CN¥1.19 | CN¥6.27 | x |
| 2020-12-31 | CN¥1.26 | CN¥6.27 | x |
| 2021-12-31 | CN¥1.33 | CN¥6.27 | x |
| 2022-12-31 | CN¥1.32 | CN¥6.27 | x |
| 2023-12-31 | CN¥1.34 | CN¥6.27 | x |
| 2024-12-31 | CN¥1.25 | CN¥6.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhe Jiang Kangsheng 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): -6.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.76%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.18x
- Recent ROE (-6.91%) is below the historical average (1.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 20.91% | 7.79% | 1.07x | 2.50x | CN¥22.45 Million |
| 2008 | 16.09% | 6.59% | 1.12x | 2.18x | CN¥16.05 Million |
| 2009 | 21.47% | 9.62% | 1.02x | 2.19x | CN¥36.94 Million |
| 2010 | 7.15% | 6.87% | 0.69x | 1.50x | CN¥-30.25 Million |
| 2011 | 7.01% | 6.90% | 0.61x | 1.68x | CN¥-33.39 Million |
| 2012 | 4.91% | 4.23% | 0.63x | 1.85x | CN¥-58.55 Million |
| 2013 | 1.27% | 1.00% | 0.65x | 1.97x | CN¥-100.83 Million |
| 2014 | -2.69% | -1.63% | 0.82x | 2.00x | CN¥-143.19 Million |
| 2015 | 4.70% | 4.15% | 0.53x | 2.13x | CN¥-101.75 Million |
| 2016 | 9.20% | 6.80% | 0.38x | 3.52x | CN¥-16.66 Million |
| 2017 | 8.57% | 5.73% | 0.35x | 4.30x | CN¥-31.84 Million |
| 2018 | -25.51% | -16.52% | 0.51x | 3.02x | CN¥-671.16 Million |
| 2019 | -40.69% | -27.47% | 0.47x | 3.13x | CN¥-687.16 Million |
| 2020 | 1.47% | 0.90% | 0.70x | 2.34x | CN¥-122.53 Million |
| 2021 | 2.48% | 1.57% | 0.89x | 1.77x | CN¥-113.25 Million |
| 2022 | 1.20% | 0.57% | 0.99x | 2.12x | CN¥-131.85 Million |
| 2023 | 1.43% | 0.95% | 0.87x | 1.74x | CN¥-130.63 Million |
| 2024 | -6.91% | -3.76% | 0.84x | 2.18x | CN¥-240.55 Million |
Industry Comparison
This section compares Zhe Jiang Kangsheng Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $21,033,016,152
- Average return on equity (ROE) among peers: 14.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhe Jiang Kangsheng Co Ltd (002418) | CN¥1.62 Billion | 20.91% | 1.00x | $1.04 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $25.28 Billion | 21.31% | 1.87x | $11.51 Billion |
| HBIS Co Ltd (000709) | $46.63 Billion | 3.34% | 2.99x | $3.60 Billion |
| Sgis Songshan Co Ltd (000717) | $2.97 Billion | 84.66% | 3.85x | $883.17 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.05 Billion | 6.15% | 1.38x | $1.58 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $28.18 Billion | 0.59% | 0.89x | $2.60 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $21.29 Billion | 5.80% | 2.06x | $3.63 Billion |
| Jiangsu Fasten Co Ltd (000890) | $223.45 Million | 31.03% | 7.78x | $867.39 Million |
| Angang Steel Co Ltd Class A (000898) | $48.20 Billion | 1.93% | 0.89x | $2.69 Billion |
| Hunan Valin Steel Co Ltd (000932) | $14.49 Billion | -18.24% | 4.16x | $4.74 Billion |
| Beijing Shougang Co Ltd (000959) | $8.03 Billion | 7.94% | 1.27x | $5.15 Billion |
About Zhe Jiang Kangsheng Co Ltd
Zhe Jiang Kangsheng Co.,Ltd. engages in the research and development, production, and sale of refrigeration pipelines and accessories, and new energy commercial vehicles in China and internationally. The company offers refrigeration steel, aluminum, and copper tubes, pipes, and accessories; air-conditioning heat exchanger products and parts; aluminum sheets; and condensers and evaporators. It als… Read more