Zhejiang Kingland Pipeline and Technologies Co Ltd (002443) - Net Assets
Based on the latest financial reports, Zhejiang Kingland Pipeline and Technologies Co Ltd (002443) has net assets worth CN¥3.65 Billion CNY (≈ $533.97 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¥4.66 Billion ≈ $681.65 Million USD) and total liabilities (CN¥1.01 Billion ≈ $147.68 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. Explore Zhejiang Kingland Pipeline and Technolog (002443) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.65 Billion |
| % of Total Assets | 78.33% |
| Annual Growth Rate | 15.73% |
| 5-Year Change | 21.45% |
| 10-Year Change | 76.27% |
| Growth Volatility | 41.04 |
Zhejiang Kingland Pipeline and Technologies Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Kingland Pipeline and Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore how much of Zhejiang Kingland Pipeline and Technolog's assets are long-term investments to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Zhejiang Kingland Pipeline and Technologies Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Kingland Pipeline and Technologies Co Ltd from 2007 to 2024. For live valuation and market cap data, see Zhejiang Kingland Pipeline and Technolog market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.71 Billion ≈ $542.59 Million |
+3.43% |
| 2023-12-31 | CN¥3.59 Billion ≈ $524.61 Million |
+8.47% |
| 2022-12-31 | CN¥3.31 Billion ≈ $483.66 Million |
+1.26% |
| 2021-12-31 | CN¥3.26 Billion ≈ $477.65 Million |
+6.91% |
| 2020-12-31 | CN¥3.05 Billion ≈ $446.77 Million |
+17.41% |
| 2019-12-31 | CN¥2.60 Billion ≈ $380.53 Million |
+7.84% |
| 2018-12-31 | CN¥2.41 Billion ≈ $352.86 Million |
+6.78% |
| 2017-12-31 | CN¥2.26 Billion ≈ $330.46 Million |
+6.86% |
| 2016-12-31 | CN¥2.11 Billion ≈ $309.26 Million |
+0.46% |
| 2015-12-31 | CN¥2.10 Billion ≈ $307.83 Million |
+1.85% |
| 2014-12-31 | CN¥2.07 Billion ≈ $302.23 Million |
+1.37% |
| 2013-12-31 | CN¥2.04 Billion ≈ $298.15 Million |
+37.42% |
| 2012-12-31 | CN¥1.48 Billion ≈ $216.96 Million |
+17.05% |
| 2011-12-31 | CN¥1.27 Billion ≈ $185.36 Million |
+3.57% |
| 2010-12-31 | CN¥1.22 Billion ≈ $178.96 Million |
+179.86% |
| 2009-12-31 | CN¥437.00 Million ≈ $63.95 Million |
+19.83% |
| 2008-12-31 | CN¥364.69 Million ≈ $53.37 Million |
+17.97% |
| 2007-12-31 | CN¥309.14 Million ≈ $45.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Kingland Pipeline and Technologies 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 1002.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.99 Billion | 57.01% |
| Common Stock | CN¥520.54 Million | 14.93% |
| Other Comprehensive Income | CN¥245.78 Million | 7.05% |
| Other Components | CN¥732.78 Million | 21.01% |
| Total Equity | CN¥3.49 Billion | 100.00% |
Zhejiang Kingland Pipeline and Technologies Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Kingland Pipeline and Technologies Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BJs Restaurants Inc
NASDAQ:BJRI
|
$897.42 Million |
|
Liaoning Hongyang Energy Resource Invest Co Ltd
SHG:600758
|
$897.62 Million |
|
Wuhan Keqian Biology Co Ltd
SHG:688526
|
$897.63 Million |
|
Stevanato Group SpA
NYSE:STVN
|
$898.25 Million |
|
Fujian Septwolves Industry Co Ltd
SHE:002029
|
$896.52 Million |
|
Hubei Huaqiang High-Tech Co. Ltd. A
SHG:688151
|
$896.31 Million |
|
Zhejiang Hailide New Material Co Ltd
SHE:002206
|
$896.26 Million |
|
MedCap AB (publ)
ST:MCAP
|
$896.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Kingland Pipeline and Technologies Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,356,167,144 to 3,487,112,734, a change of 130,945,590 (3.9%).
- Net income of 201,387,429 contributed positively to equity growth.
- Dividend payments of 31,683,381 reduced retained earnings.
- Share repurchases of 39,968,862 reduced equity.
- Other comprehensive income increased equity by 244,779,724.
- Other factors decreased equity by 243,569,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥201.39 Million | +5.78% |
| Dividends Paid | CN¥31.68 Million | -0.91% |
| Share Repurchases | CN¥39.97 Million | -1.15% |
| Other Comprehensive Income | CN¥244.78 Million | +7.02% |
| Other Changes | CN¥-243.57 Million | -6.98% |
| Total Change | CN¥- | 3.90% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Kingland Pipeline and Technologies 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: 1.88x
- 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 12.38x to 1.88x 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¥0.95 | CN¥11.78 | x |
| 2008-12-31 | CN¥1.14 | CN¥11.78 | x |
| 2009-12-31 | CN¥1.36 | CN¥11.78 | x |
| 2010-12-31 | CN¥3.27 | CN¥11.78 | x |
| 2011-12-31 | CN¥2.98 | CN¥11.78 | x |
| 2012-12-31 | CN¥3.20 | CN¥11.78 | x |
| 2013-12-31 | CN¥3.60 | CN¥11.78 | x |
| 2014-12-31 | CN¥3.70 | CN¥11.78 | x |
| 2015-12-31 | CN¥3.73 | CN¥11.78 | x |
| 2016-12-31 | CN¥3.80 | CN¥11.78 | x |
| 2017-12-31 | CN¥4.06 | CN¥11.78 | x |
| 2018-12-31 | CN¥4.39 | CN¥11.78 | x |
| 2019-12-31 | CN¥4.69 | CN¥11.78 | x |
| 2020-12-31 | CN¥5.51 | CN¥11.78 | x |
| 2021-12-31 | CN¥5.90 | CN¥11.78 | x |
| 2022-12-31 | CN¥5.95 | CN¥11.78 | x |
| 2023-12-31 | CN¥6.50 | CN¥11.78 | x |
| 2024-12-31 | CN¥6.26 | CN¥11.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Kingland Pipeline and Technologies 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): 5.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.36%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.29x
- Recent ROE (5.78%) is below the historical average (10.15%), 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 | 16.84% | 2.01% | 2.12x | 3.96x | CN¥20.80 Million |
| 2008 | 23.79% | 2.78% | 2.50x | 3.42x | CN¥49.61 Million |
| 2009 | 23.62% | 4.42% | 2.01x | 2.66x | CN¥58.80 Million |
| 2010 | 6.00% | 2.86% | 1.36x | 1.54x | CN¥-48.65 Million |
| 2011 | 4.90% | 1.96% | 1.53x | 1.63x | CN¥-64.65 Million |
| 2012 | 7.55% | 2.97% | 1.47x | 1.73x | CN¥-32.86 Million |
| 2013 | 5.84% | 3.16% | 1.33x | 1.39x | CN¥-79.03 Million |
| 2014 | 4.06% | 2.58% | 1.15x | 1.37x | CN¥-114.83 Million |
| 2015 | 4.83% | 3.61% | 0.97x | 1.38x | CN¥-102.23 Million |
| 2016 | 3.16% | 2.38% | 0.81x | 1.64x | CN¥-135.85 Million |
| 2017 | 7.64% | 4.21% | 1.19x | 1.53x | CN¥-50.20 Million |
| 2018 | 8.42% | 3.97% | 1.28x | 1.66x | CN¥-35.74 Million |
| 2019 | 11.30% | 5.46% | 1.36x | 1.52x | CN¥31.61 Million |
| 2020 | 20.37% | 11.43% | 1.26x | 1.41x | CN¥297.41 Million |
| 2021 | 12.56% | 5.47% | 1.59x | 1.45x | CN¥78.53 Million |
| 2022 | 7.60% | 3.87% | 1.29x | 1.53x | CN¥-74.31 Million |
| 2023 | 8.46% | 4.94% | 1.24x | 1.38x | CN¥-51.84 Million |
| 2024 | 5.78% | 4.36% | 1.02x | 1.29x | CN¥-147.32 Million |
Industry Comparison
This section compares Zhejiang Kingland Pipeline and Technologies Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $16,306,347,125
- Average return on equity (ROE) among peers: 12.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Kingland Pipeline and Technologies Co Ltd (002443) | CN¥3.65 Billion | 16.84% | 0.28x | $897.29 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $968.48 Million | 8.30% | 2.28x | $10.51 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $3.33 Billion |
| Sgis Songshan Co Ltd (000717) | $9.51 Billion | 19.57% | 0.87x | $773.21 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.68 Billion | 1.76% | 1.75x | $1.36 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $2.45 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $642.40 Million | 19.03% | 1.39x | $3.24 Billion |
| Jiangsu Fasten Co Ltd (000890) | $155.39 Million | 19.85% | 0.83x | $640.88 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $2.35 Billion |
| Hunan Valin Steel Co Ltd (000932) | $32.53 Billion | 13.50% | 1.55x | $4.06 Billion |
| Beijing Shougang Co Ltd (000959) | $33.58 Billion | 1.19% | 2.79x | $4.14 Billion |
About Zhejiang Kingland Pipeline and Technologies Co Ltd
Zhejiang Kingland Pipeline and Technologies Co.,Ltd., together with its subsidiaries, focuses on the research, development, manufacture, and sale of welded steel pipe products for the petroleum industry in China. The company offers hot dip galvanized steel pipes; feed water coated/lined with plastic composite pipes; coating the pipe; straight seam high frequency resistance welded steel pipes; spi… Read more