Zhejiang Satellite Petrochemical Co Ltd (002648) - Net Assets
Based on the latest financial reports, Zhejiang Satellite Petrochemical Co Ltd (002648) has net assets worth CN¥32.06 Billion CNY (≈ $4.69 Billion 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¥69.72 Billion ≈ $10.20 Billion USD) and total liabilities (CN¥37.66 Billion ≈ $5.51 Billion 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 002648 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥32.06 Billion |
| % of Total Assets | 45.98% |
| Annual Growth Rate | 36.74% |
| 5-Year Change | 122.14% |
| 10-Year Change | 867.69% |
| Growth Volatility | 90.67 |
Zhejiang Satellite Petrochemical Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Satellite Petrochemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Satellite Petrochemical Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Satellite Petrochemical Co Ltd (2008–2024)
The table below shows the annual net assets of Zhejiang Satellite Petrochemical Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002648 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥30.30 Billion ≈ $4.43 Billion |
+18.87% |
| 2023-12-31 | CN¥25.49 Billion ≈ $3.73 Billion |
+20.53% |
| 2022-12-31 | CN¥21.15 Billion ≈ $3.09 Billion |
+9.13% |
| 2021-12-31 | CN¥19.38 Billion ≈ $2.84 Billion |
+42.07% |
| 2020-12-31 | CN¥13.64 Billion ≈ $2.00 Billion |
+47.36% |
| 2019-12-31 | CN¥9.26 Billion ≈ $1.35 Billion |
+15.03% |
| 2018-12-31 | CN¥8.05 Billion ≈ $1.18 Billion |
+11.61% |
| 2017-12-31 | CN¥7.21 Billion ≈ $1.06 Billion |
+112.87% |
| 2016-12-31 | CN¥3.39 Billion ≈ $495.68 Million |
+8.16% |
| 2015-12-31 | CN¥3.13 Billion ≈ $458.26 Million |
-11.76% |
| 2014-12-31 | CN¥3.55 Billion ≈ $519.33 Million |
-2.72% |
| 2013-12-31 | CN¥3.65 Billion ≈ $533.87 Million |
+11.91% |
| 2012-12-31 | CN¥3.26 Billion ≈ $477.04 Million |
+7.55% |
| 2011-12-31 | CN¥3.03 Billion ≈ $443.55 Million |
+370.97% |
| 2010-12-31 | CN¥643.60 Million ≈ $94.18 Million |
+131.20% |
| 2009-12-31 | CN¥278.37 Million ≈ $40.73 Million |
+37.15% |
| 2008-12-31 | CN¥202.97 Million ≈ $29.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Satellite Petrochemical 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 26259.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥21.52 Billion | 71.05% |
| Common Stock | CN¥3.37 Billion | 11.12% |
| Other Comprehensive Income | CN¥945.82 Million | 3.12% |
| Other Components | CN¥4.45 Billion | 14.70% |
| Total Equity | CN¥30.29 Billion | 100.00% |
Zhejiang Satellite Petrochemical Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Satellite Petrochemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lincoln Electric Holdings Inc
NASDAQ:LECO
|
$14.59 Billion |
|
ZTO Express (Cayman) Inc
NYSE:ZTO
|
$14.60 Billion |
|
WUXI BIOLOGICS-00000083
F:1FW2
|
$14.60 Billion |
|
Genuine Parts Co
NYSE:GPC
|
$14.61 Billion |
|
Grab Holdings Ltd
NASDAQ:GRAB
|
$14.57 Billion |
|
REA Group Limited
F:R9C
|
$14.56 Billion |
|
Vodacom Group Ltd
JSE:VOD
|
$14.51 Billion |
|
Joint Stock Company Kaspi.kz
NASDAQ:KSPI
|
$14.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Satellite Petrochemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,464,935,653 to 30,285,941,134, a change of 4,821,005,481 (18.9%).
- Net income of 6,071,836,000 contributed positively to equity growth.
- Dividend payments of 1,763,284,000 reduced retained earnings.
- Share repurchases of 34,685 reduced equity.
- Other comprehensive income increased equity by 945,818,128.
- Other factors decreased equity by 433,329,962.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.07 Billion | +20.05% |
| Dividends Paid | CN¥1.76 Billion | -5.82% |
| Share Repurchases | CN¥34.69K | -0.0% |
| Other Comprehensive Income | CN¥945.82 Million | +3.12% |
| Other Changes | CN¥-433.33 Million | -1.43% |
| Total Change | CN¥- | 18.93% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Satellite Petrochemical 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: 3.30x
- 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 166.04x to 3.30x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.18 | CN¥29.60 | x |
| 2009-12-31 | CN¥0.24 | CN¥29.60 | x |
| 2010-12-31 | CN¥0.44 | CN¥29.60 | x |
| 2011-12-31 | CN¥1.84 | CN¥29.60 | x |
| 2012-12-31 | CN¥1.49 | CN¥29.60 | x |
| 2013-12-31 | CN¥1.68 | CN¥29.60 | x |
| 2014-12-31 | CN¥1.59 | CN¥29.60 | x |
| 2015-12-31 | CN¥1.44 | CN¥29.60 | x |
| 2016-12-31 | CN¥1.54 | CN¥29.60 | x |
| 2017-12-31 | CN¥2.87 | CN¥29.60 | x |
| 2018-12-31 | CN¥2.74 | CN¥29.60 | x |
| 2019-12-31 | CN¥3.15 | CN¥29.60 | x |
| 2020-12-31 | CN¥4.52 | CN¥29.60 | x |
| 2021-12-31 | CN¥5.74 | CN¥29.60 | x |
| 2022-12-31 | CN¥6.27 | CN¥29.60 | x |
| 2023-12-31 | CN¥7.56 | CN¥29.60 | x |
| 2024-12-31 | CN¥8.98 | CN¥29.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Satellite Petrochemical 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): 20.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.30%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.26x
- Recent ROE (20.05%) is above the historical average (17.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 26.59% | 5.68% | 1.86x | 2.52x | CN¥33.67 Million |
| 2009 | 38.62% | 11.28% | 1.46x | 2.34x | CN¥79.67 Million |
| 2010 | 47.51% | 18.72% | 1.37x | 1.85x | CN¥241.42 Million |
| 2011 | 20.78% | 19.39% | 0.80x | 1.34x | CN¥326.61 Million |
| 2012 | 12.95% | 13.35% | 0.85x | 1.14x | CN¥96.18 Million |
| 2013 | 13.71% | 15.08% | 0.53x | 1.72x | CN¥135.30 Million |
| 2014 | 0.92% | 0.76% | 0.57x | 2.15x | CN¥-322.35 Million |
| 2015 | -13.95% | -10.42% | 0.59x | 2.27x | CN¥-749.40 Million |
| 2016 | 9.23% | 5.88% | 0.71x | 2.21x | CN¥-26.13 Million |
| 2017 | 13.09% | 11.51% | 0.80x | 1.41x | CN¥222.70 Million |
| 2018 | 11.70% | 9.38% | 0.73x | 1.71x | CN¥136.67 Million |
| 2019 | 13.77% | 11.81% | 0.60x | 1.94x | CN¥348.48 Million |
| 2020 | 12.19% | 15.42% | 0.33x | 2.37x | CN¥297.93 Million |
| 2021 | 31.02% | 21.03% | 0.59x | 2.51x | CN¥4.07 Billion |
| 2022 | 14.66% | 8.36% | 0.66x | 2.67x | CN¥984.12 Million |
| 2023 | 18.81% | 11.54% | 0.64x | 2.54x | CN¥2.24 Billion |
| 2024 | 20.05% | 13.30% | 0.67x | 2.26x | CN¥3.04 Billion |
Industry Comparison
This section compares Zhejiang Satellite Petrochemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $3,954,308,398
- Average return on equity (ROE) among peers: 6.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Satellite Petrochemical Co Ltd (002648) | CN¥32.06 Billion | 26.59% | 1.17x | $14.59 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $577.65 Million | 10.01% | 0.83x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $319.75 Million | 4.75% | 1.24x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $858.23 Million | -17.85% | 1.07x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $10.49 Billion | 18.58% | 1.65x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.20 Billion | 12.83% | 0.26x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.47 Billion | 1.25% | 0.42x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.94 Billion | 12.08% | 1.20x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $18.46 Billion | 4.04% | 1.23x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $457.55 Million | 6.71% | 0.32x | $605.40 Million |
About Zhejiang Satellite Petrochemical Co Ltd
Satellite Chemical Co.,Ltd., a low-carbon chemical company, manufactures and sells functional chemicals, new polymer materials, and new energy materials in China and internationally. The company offers propane, ethylene oxide and glycol, high-density polyethylene, and polycarboxylic monomer. It also provides acryclic acid monomer, polymer emulsions and resins, superabsorbent polymers, polypropyle… Read more