Zhejiang Renzhi Co Ltd
Zhejiang Renzhi Co., Ltd., together with its subsidiaries, provides professional services in the oil and gas drilling and engineering fields in China. The company engages in oilfield environmental protection business, including oilfield wastewater treatment, sludge pretreatment and pool cleaning, drilling fluid emergency support technical services, mud non-grounding technical services, waste reso… Read more
Zhejiang Renzhi Co Ltd (002629) - Net Assets
Latest net assets as of September 2025: CN¥51.36 Million CNY
Based on the latest financial reports, Zhejiang Renzhi Co Ltd (002629) has net assets worth CN¥51.36 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥269.97 Million) and total liabilities (CN¥218.60 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥51.36 Million |
| % of Total Assets | 19.03% |
| Annual Growth Rate | -4.15% |
| 5-Year Change | 114.93% |
| 10-Year Change | -89.35% |
| Growth Volatility | 121.49 |
Zhejiang Renzhi Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Renzhi Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Renzhi Co Ltd (2008–2024)
The table below shows the annual net assets of Zhejiang Renzhi Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥70.44 Million | +14.72% |
| 2023-12-31 | CN¥61.40 Million | +67.13% |
| 2022-12-31 | CN¥36.74 Million | +437.19% |
| 2021-12-31 | CN¥6.84 Million | -79.13% |
| 2020-12-31 | CN¥32.77 Million | -35.98% |
| 2019-12-31 | CN¥51.19 Million | +104.02% |
| 2018-12-31 | CN¥25.09 Million | -96.17% |
| 2017-12-31 | CN¥655.13 Million | -4.39% |
| 2016-12-31 | CN¥685.23 Million | +3.58% |
| 2015-12-31 | CN¥661.55 Million | -12.36% |
| 2014-12-31 | CN¥754.86 Million | -0.20% |
| 2013-12-31 | CN¥756.36 Million | +1.59% |
| 2012-12-31 | CN¥744.50 Million | +6.60% |
| 2011-12-31 | CN¥698.41 Million | +194.51% |
| 2010-12-31 | CN¥237.15 Million | +22.32% |
| 2009-12-31 | CN¥193.87 Million | +39.67% |
| 2008-12-31 | CN¥138.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Renzhi 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 1252.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥436.65 Million | 773.08% |
| Other Comprehensive Income | CN¥35.51 Million | 62.86% |
| Other Components | CN¥113.59 Million | 201.11% |
| Total Equity | CN¥56.48 Million | 100.00% |
Zhejiang Renzhi Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Renzhi Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allscripts Healthcare Solutions Inc
STU:AL21
|
$284.46 Million |
|
Banco Products (I) Limited
NSE:BANCOINDIA
|
$284.60 Million |
|
Sohu.Com Inc
NASDAQ:SOHU
|
$284.63 Million |
|
Drugs Made In America Acquisition Corp. Units
NASDAQ:DMAAU
|
$284.68 Million |
|
Zhejiang Yilida Ventilator Co Ltd
SHE:002686
|
$284.30 Million |
|
Stockmann Oyj Abp
F:SOMB
|
$284.27 Million |
|
Claros Mortgage Trust Inc
NYSE:CMTG
|
$284.23 Million |
|
Bafang Electric Suzhou Co Ltd
SHG:603489
|
$284.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Renzhi Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 49,249,235 to 56,481,899, a change of 7,232,664 (14.7%).
- Net income of 14,425,232 contributed positively to equity growth.
- Dividend payments of 66,887 reduced retained earnings.
- Share repurchases of 19,290,171 reduced equity.
- Other comprehensive income increased equity by 32,593,639.
- Other factors decreased equity by 20,429,149.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥14.43 Million | +25.54% |
| Dividends Paid | CN¥66.89K | -0.12% |
| Share Repurchases | CN¥19.29 Million | -34.15% |
| Other Comprehensive Income | CN¥32.59 Million | +57.71% |
| Other Changes | CN¥-20.43 Million | -36.17% |
| Total Change | CN¥- | 14.69% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Renzhi 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: 54.33x
- 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 increased from 8.16x to 54.33x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.86 | CN¥7.02 | x |
| 2009-12-31 | CN¥0.81 | CN¥7.02 | x |
| 2010-12-31 | CN¥0.77 | CN¥7.02 | x |
| 2011-12-31 | CN¥2.14 | CN¥7.02 | x |
| 2012-12-31 | CN¥1.78 | CN¥7.02 | x |
| 2013-12-31 | CN¥1.82 | CN¥7.02 | x |
| 2014-12-31 | CN¥1.99 | CN¥7.02 | x |
| 2015-12-31 | CN¥1.58 | CN¥7.02 | x |
| 2016-12-31 | CN¥1.65 | CN¥7.02 | x |
| 2017-12-31 | CN¥1.49 | CN¥7.02 | x |
| 2018-12-31 | CN¥0.06 | CN¥7.02 | x |
| 2019-12-31 | CN¥0.13 | CN¥7.02 | x |
| 2020-12-31 | CN¥0.08 | CN¥7.02 | x |
| 2021-12-31 | CN¥0.02 | CN¥7.02 | x |
| 2022-12-31 | CN¥0.09 | CN¥7.02 | x |
| 2023-12-31 | CN¥0.12 | CN¥7.02 | x |
| 2024-12-31 | CN¥0.13 | CN¥7.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Renzhi 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): 25.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.52%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 6.51x
- Recent ROE (25.54%) is above the historical average (-159.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 28.08% | 10.15% | 0.86x | 3.21x | CN¥21.80 Million |
| 2009 | 21.16% | 11.12% | 0.98x | 1.93x | CN¥21.60 Million |
| 2010 | 25.39% | 14.00% | 0.89x | 2.03x | CN¥36.52 Million |
| 2011 | 10.37% | 13.96% | 0.50x | 1.47x | CN¥2.58 Million |
| 2012 | 10.97% | 12.59% | 0.64x | 1.36x | CN¥7.24 Million |
| 2013 | 4.38% | 5.47% | 0.55x | 1.47x | CN¥-42.48 Million |
| 2014 | 0.72% | 1.12% | 0.48x | 1.33x | CN¥-69.88 Million |
| 2015 | -15.15% | -40.12% | 0.30x | 1.28x | CN¥-163.04 Million |
| 2016 | 3.64% | 7.79% | 0.41x | 1.14x | CN¥-42.77 Million |
| 2017 | -4.70% | -0.94% | 4.19x | 1.20x | CN¥-94.42 Million |
| 2018 | -2458.67% | -24.34% | 7.80x | 12.95x | CN¥-622.38 Million |
| 2019 | 55.51% | 29.92% | 0.26x | 7.00x | CN¥23.75 Million |
| 2020 | -43.50% | -13.61% | 0.28x | 11.24x | CN¥-18.07 Million |
| 2021 | -337.10% | -20.95% | 0.35x | 46.22x | CN¥-27.18 Million |
| 2022 | 38.78% | 8.35% | 0.71x | 6.57x | CN¥10.44 Million |
| 2023 | -70.96% | -16.78% | 1.03x | 4.11x | CN¥-39.87 Million |
| 2024 | 25.54% | 4.52% | 0.87x | 6.51x | CN¥8.78 Million |
Industry Comparison
This section compares Zhejiang Renzhi Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $1,607,922,264
- Average return on equity (ROE) among peers: 0.36%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Renzhi Co Ltd (002629) | CN¥51.36 Million | 28.08% | 4.26x | $284.38 Million |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $264.19 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $7.84 Billion |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $407.33 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $495.78 Million |
| LandOcean Energy Services Co (300157) | $4.01 Billion | 2.12% | 0.43x | $561.90 Million |
| Tong Oil Tools (300164) | $1.60 Billion | -2.90% | 0.26x | $511.69 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $911.52 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $600.41 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.07 Million |