Zhejiang Zhongcheng Packing Material Co Ltd (002522) - Net Assets
Based on the latest financial reports, Zhejiang Zhongcheng Packing Material Co Ltd (002522) has net assets worth CN¥2.28 Billion CNY (≈ $334.03 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¥3.54 Billion ≈ $518.67 Million USD) and total liabilities (CN¥1.26 Billion ≈ $184.63 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 Zhejiang Zhongcheng Packing Material Co (002522) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.28 Billion |
| % of Total Assets | 64.4% |
| Annual Growth Rate | 21.46% |
| 5-Year Change | 14.55% |
| 10-Year Change | 66.15% |
| Growth Volatility | 118.78 |
Zhejiang Zhongcheng Packing Material Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Zhongcheng Packing Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002522 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Zhongcheng Packing Material Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Zhongcheng Packing Material Co Ltd from 2007 to 2024. For live valuation and market cap data, see Zhejiang Zhongcheng Packing Material Co (002522) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.30 Billion ≈ $336.34 Million |
-0.38% |
| 2023-12-31 | CN¥2.31 Billion ≈ $337.63 Million |
+1.88% |
| 2022-12-31 | CN¥2.26 Billion ≈ $331.40 Million |
+9.21% |
| 2021-12-31 | CN¥2.07 Billion ≈ $303.46 Million |
+3.35% |
| 2020-12-31 | CN¥2.01 Billion ≈ $293.63 Million |
+3.47% |
| 2019-12-31 | CN¥1.94 Billion ≈ $283.77 Million |
-2.08% |
| 2018-12-31 | CN¥1.98 Billion ≈ $289.80 Million |
-4.99% |
| 2017-12-31 | CN¥2.08 Billion ≈ $305.02 Million |
+31.10% |
| 2016-12-31 | CN¥1.59 Billion ≈ $232.67 Million |
+14.94% |
| 2015-12-31 | CN¥1.38 Billion ≈ $202.43 Million |
+1.49% |
| 2014-12-31 | CN¥1.36 Billion ≈ $199.46 Million |
+27.85% |
| 2013-12-31 | CN¥1.07 Billion ≈ $156.01 Million |
-5.64% |
| 2012-12-31 | CN¥1.13 Billion ≈ $165.34 Million |
+5.09% |
| 2011-12-31 | CN¥1.08 Billion ≈ $157.32 Million |
+8.24% |
| 2010-12-31 | CN¥993.26 Million ≈ $145.34 Million |
+511.87% |
| 2009-12-31 | CN¥162.33 Million ≈ $23.75 Million |
+43.23% |
| 2008-12-31 | CN¥113.33 Million ≈ $16.58 Million |
+34.33% |
| 2007-12-31 | CN¥84.37 Million ≈ $12.35 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Zhongcheng Packing Material 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 1367.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥556.79 Million | 24.38% |
| Common Stock | CN¥905.78 Million | 39.66% |
| Other Comprehensive Income | CN¥190.90 Million | 8.36% |
| Other Components | CN¥630.47 Million | 27.60% |
| Total Equity | CN¥2.28 Billion | 100.00% |
Zhejiang Zhongcheng Packing Material Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Zhongcheng Packing Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ENEFIT GREEN AS
F:I6B
|
$841.72 Million |
|
Radius Recycling, Inc.
NASDAQ:RDUS
|
$841.73 Million |
|
EnTie Commercial Bank Ltd
TW:2849
|
$841.87 Million |
|
Clinica Baviera
MC:CBAV
|
$842.36 Million |
|
Kvutzat Acro Ltd.
TA:ACRO
|
$841.50 Million |
|
Standard Motor Products Inc
NYSE:SMP
|
$841.47 Million |
|
engcon AB Cl B
ST:ENGCON-B
|
$841.22 Million |
|
Lighthouse Capital Ltd
JSE:LTE
|
$841.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Zhongcheng Packing Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,238,972,271 to 2,283,935,330, a change of 44,963,059 (2.0%).
- Net income of 74,166,313 contributed positively to equity growth.
- Dividend payments of 64,400,947 reduced retained earnings.
- Other comprehensive income increased equity by 13,056,524.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥74.17 Million | +3.25% |
| Dividends Paid | CN¥64.40 Million | -2.82% |
| Other Comprehensive Income | CN¥13.06 Million | +0.57% |
| Other Changes | CN¥22.14 Million | +0.97% |
| Total Change | CN¥- | 2.01% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Zhongcheng Packing Material 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: 2.52x
- 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 45.43x to 2.52x 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¥0.14 | CN¥6.35 | x |
| 2008-12-31 | CN¥0.19 | CN¥6.35 | x |
| 2009-12-31 | CN¥0.27 | CN¥6.35 | x |
| 2010-12-31 | CN¥1.68 | CN¥6.35 | x |
| 2011-12-31 | CN¥1.35 | CN¥6.35 | x |
| 2012-12-31 | CN¥1.43 | CN¥6.35 | x |
| 2013-12-31 | CN¥1.38 | CN¥6.35 | x |
| 2014-12-31 | CN¥1.58 | CN¥6.35 | x |
| 2015-12-31 | CN¥1.63 | CN¥6.35 | x |
| 2016-12-31 | CN¥1.68 | CN¥6.35 | x |
| 2017-12-31 | CN¥2.13 | CN¥6.35 | x |
| 2018-12-31 | CN¥1.99 | CN¥6.35 | x |
| 2019-12-31 | CN¥2.01 | CN¥6.35 | x |
| 2020-12-31 | CN¥2.12 | CN¥6.35 | x |
| 2021-12-31 | CN¥2.24 | CN¥6.35 | x |
| 2022-12-31 | CN¥2.39 | CN¥6.35 | x |
| 2023-12-31 | CN¥2.37 | CN¥6.35 | x |
| 2024-12-31 | CN¥2.52 | CN¥6.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Zhongcheng Packing Material 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): 3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.34%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.57x
- Recent ROE (3.25%) is below the historical average (8.76%), 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 | 18.38% | 4.04% | 1.49x | 3.04x | CN¥7.07 Million |
| 2008 | 25.56% | 7.22% | 1.44x | 2.45x | CN¥17.63 Million |
| 2009 | 30.18% | 15.05% | 0.84x | 2.39x | CN¥32.76 Million |
| 2010 | 7.49% | 18.73% | 0.36x | 1.11x | CN¥-24.98 Million |
| 2011 | 9.60% | 22.46% | 0.37x | 1.15x | CN¥-4.32 Million |
| 2012 | 9.07% | 22.50% | 0.34x | 1.17x | CN¥-10.51 Million |
| 2013 | 6.89% | 14.46% | 0.39x | 1.22x | CN¥-33.00 Million |
| 2014 | 4.44% | 11.12% | 0.31x | 1.28x | CN¥-75.47 Million |
| 2015 | 4.91% | 14.01% | 0.26x | 1.33x | CN¥-70.28 Million |
| 2016 | 7.13% | 19.19% | 0.26x | 1.44x | CN¥-41.65 Million |
| 2017 | 3.75% | 10.71% | 0.22x | 1.62x | CN¥-113.21 Million |
| 2018 | 2.01% | 3.42% | 0.34x | 1.74x | CN¥-142.68 Million |
| 2019 | -0.70% | -1.02% | 0.38x | 1.81x | CN¥-194.77 Million |
| 2020 | 7.00% | 9.28% | 0.43x | 1.73x | CN¥-57.77 Million |
| 2021 | 6.96% | 7.86% | 0.50x | 1.77x | CN¥-61.56 Million |
| 2022 | 7.10% | 8.14% | 0.51x | 1.70x | CN¥-62.64 Million |
| 2023 | 4.65% | 6.02% | 0.47x | 1.64x | CN¥-119.86 Million |
| 2024 | 3.25% | 4.34% | 0.48x | 1.57x | CN¥-154.23 Million |
Industry Comparison
This section compares Zhejiang Zhongcheng Packing Material Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,268,049,142
- Average return on equity (ROE) among peers: 2.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | CN¥2.28 Billion | 18.38% | 0.55x | $841.65 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $2.42 Billion | 2.89% | 1.12x | $758.20 Million |
| Huangshan Novel Co Ltd (002014) | $1.51 Billion | 11.70% | 0.26x | $1.00 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $4.37 Billion | 16.48% | 0.23x | $805.15 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $830.41 Million | 8.56% | 0.96x | $692.47 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $128.26 Million | 25.54% | 1.46x | $1.51 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.79 Billion | -6.65% | 0.42x | $1.11 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.97 Billion | 2.71% | 0.49x | $761.87 Million |
| Shandong Lipeng Co Ltd (002374) | $1.32 Billion | -51.89% | 1.91x | $511.34 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.06 Billion | 11.10% | 0.50x | $2.95 Billion |
About Zhejiang Zhongcheng Packing Material Co Ltd
Zhejiang Zhongcheng Packing Material Co., Ltd. engages in the research, design, production, sale, and after-sales servicing of polyolefin shrink films. It offers normal POF, cross-linked polyolefin, printing film, and lidding barrier shrink films, as well as packaging solutions and other products. The company was founded in 1996 and is headquartered in Jiashan, China.