Zhejiang Renzhi Co Ltd (002629) - Net Assets
Based on the latest financial reports, Zhejiang Renzhi Co Ltd (002629) has net assets worth CN¥80.24 Million CNY (≈ $11.74 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¥340.85 Million ≈ $49.88 Million USD) and total liabilities (CN¥260.60 Million ≈ $38.13 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 002629 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥80.24 Million |
| % of Total Assets | 23.54% |
| Annual Growth Rate | -2.94% |
| 5-Year Change | 1121.87% |
| 10-Year Change | -87.8% |
| Growth Volatility | 117.98 |
Zhejiang Renzhi Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Zhejiang Renzhi Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002629 market cap overview.
Annual Net Assets for Zhejiang Renzhi Co Ltd (2008–2025)
The table below shows the annual net assets of Zhejiang Renzhi Co Ltd from 2008 to 2025. Also explore Zhejiang Renzhi Co Ltd (002629) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥83.57 Million ≈ $12.23 Million |
+18.63% |
| 2024-12-31 | CN¥70.44 Million ≈ $10.31 Million |
+14.72% |
| 2023-12-31 | CN¥61.40 Million ≈ $8.99 Million |
+67.13% |
| 2022-12-31 | CN¥36.74 Million ≈ $5.38 Million |
+437.19% |
| 2021-12-31 | CN¥6.84 Million ≈ $1.00 Million |
-79.13% |
| 2020-12-31 | CN¥32.77 Million ≈ $4.80 Million |
-35.98% |
| 2019-12-31 | CN¥51.19 Million ≈ $7.49 Million |
+104.02% |
| 2018-12-31 | CN¥25.09 Million ≈ $3.67 Million |
-96.17% |
| 2017-12-31 | CN¥655.13 Million ≈ $95.87 Million |
-4.39% |
| 2016-12-31 | CN¥685.23 Million ≈ $100.27 Million |
+3.58% |
| 2015-12-31 | CN¥661.55 Million ≈ $96.81 Million |
-12.36% |
| 2014-12-31 | CN¥754.86 Million ≈ $110.46 Million |
-0.20% |
| 2013-12-31 | CN¥756.36 Million ≈ $110.68 Million |
+1.59% |
| 2012-12-31 | CN¥744.50 Million ≈ $108.94 Million |
+6.60% |
| 2011-12-31 | CN¥698.41 Million ≈ $102.20 Million |
+194.51% |
| 2010-12-31 | CN¥237.15 Million ≈ $34.70 Million |
+22.32% |
| 2009-12-31 | CN¥193.87 Million ≈ $28.37 Million |
+39.67% |
| 2008-12-31 | CN¥138.80 Million ≈ $20.31 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 1231.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥586.64 Million | 878.53% |
| Total Equity | CN¥66.78 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 |
|---|---|
|
NEOBO FASTIGHETER
ST:NEOBO
|
$299.30 Million |
|
Prataap Snacks Limited
NSE:DIAMONDYD
|
$299.40 Million |
|
Lineage Cell Therapeutics Inc
NYSE MKT:LCTX
|
$299.43 Million |
|
T3EX Global Holdings Corp
TW:2636
|
$299.46 Million |
|
CapsoVision, Inc. Common Stock
NASDAQ:CV
|
$299.28 Million |
|
SOLiD Inc
KQ:050890
|
$299.18 Million |
|
Ernst Russ AG
XETRA:ERAG
|
$299.16 Million |
|
Hyliion Holdings Corp.
NYSE:HYLN
|
$299.16 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 2024 to 2025, total equity changed from 56,481,899 to 66,776,008, a change of 10,294,109 (18.2%).
- Net income of 9,392,795 contributed positively to equity growth.
- Dividend payments of 372,244 reduced retained earnings.
- Other comprehensive income decreased equity by 35,506,413.
- Other factors increased equity by 36,779,971.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥9.39 Million | +14.07% |
| Dividends Paid | CN¥372.24K | -0.56% |
| Other Comprehensive Income | CN¥-35.51 Million | -53.17% |
| Other Changes | CN¥36.78 Million | +55.08% |
| Total Change | CN¥- | 18.23% |
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: 30.63x
- 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 5.58x to 30.63x 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¥4.80 | x |
| 2009-12-31 | CN¥0.81 | CN¥4.80 | x |
| 2010-12-31 | CN¥0.77 | CN¥4.80 | x |
| 2011-12-31 | CN¥2.14 | CN¥4.80 | x |
| 2012-12-31 | CN¥1.78 | CN¥4.80 | x |
| 2013-12-31 | CN¥1.82 | CN¥4.80 | x |
| 2014-12-31 | CN¥1.39 | CN¥4.80 | x |
| 2015-12-31 | CN¥1.58 | CN¥4.80 | x |
| 2016-12-31 | CN¥1.65 | CN¥4.80 | x |
| 2017-12-31 | CN¥1.49 | CN¥4.80 | x |
| 2018-12-31 | CN¥0.06 | CN¥4.80 | x |
| 2019-12-31 | CN¥0.13 | CN¥4.80 | x |
| 2020-12-31 | CN¥0.08 | CN¥4.80 | x |
| 2021-12-31 | CN¥0.02 | CN¥4.80 | x |
| 2022-12-31 | CN¥0.09 | CN¥4.80 | x |
| 2023-12-31 | CN¥0.12 | CN¥4.80 | x |
| 2024-12-31 | CN¥0.13 | CN¥4.80 | x |
| 2025-12-31 | CN¥0.16 | CN¥4.80 | 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): 14.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.20%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 5.94x
- Recent ROE (14.07%) is above the historical average (-149.25%), 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 | -2453.74% | -24.29% | 7.80x | 12.95x | CN¥-621.13 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 | -337.16% | -20.96% | 0.35x | 46.22x | CN¥-27.19 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 |
| 2025 | 14.07% | 3.20% | 0.74x | 5.94x | CN¥2.72 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: $2,490,175,242
- Average return on equity (ROE) among peers: 4.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Renzhi Co Ltd (002629) | CN¥80.24 Million | 28.08% | 3.25x | $299.29 Million |
| Sinopec Oilfield Equipment Corp (000852) | $943.91 Million | 9.83% | 0.62x | $780.41 Million |
| Xinjiang Zhundong Petroleum (002207) | $147.06 Million | -5.64% | 1.81x | $226.25 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $12.82 Billion | 12.38% | 0.52x | $18.79 Billion |
| Shandong Molong Petroleum Machinery Co Ltd (002490) | $536.76 Million | 25.97% | 1.71x | $617.52 Million |
| China Oil HBP Science & Technology Co Ltd (002554) | $276.58 Million | 24.18% | 0.69x | $562.08 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.03 Billion | -25.57% | 0.96x | $877.69 Million |
| LandOcean Energy Services Co (300157) | $3.60 Billion | 0.85% | 0.54x | $452.46 Million |
| Tong Oil Tools (300164) | $1.87 Billion | 2.41% | 0.58x | $871.43 Million |
| Sino Geophysical (300191) | $1.19 Billion | -1.41% | 0.07x | $1.72 Billion |
About 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 offers new energy power engineering services, such as exploration, scheme design, technical consulting, material procurement, construction, grid connection approval, and operation and maintenance management for power engineering project… Read more