Zhejiang Meida Industrial Co Ltd
Zhejiang Meida Industrial Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of household kitchen appliances in China. The company offers integrated stoves, kitchen cabinets, electric steamers, integrated sinks, dishwashers, water heaters, steam and electric ovens, all-in-one steam-bake machines, all-in-one steam-bake-fryer and stew machines, and… Read more
Zhejiang Meida Industrial Co Ltd (002677) - Net Assets
Latest net assets as of September 2025: CN¥1.48 Billion CNY
Based on the latest financial reports, Zhejiang Meida Industrial Co Ltd (002677) has net assets worth CN¥1.48 Billion 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¥1.62 Billion) and total liabilities (CN¥140.77 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¥1.48 Billion |
| % of Total Assets | 91.31% |
| Annual Growth Rate | 13.75% |
| 5-Year Change | -2.88% |
| 10-Year Change | 58.58% |
| Growth Volatility | 39.43 |
Zhejiang Meida Industrial Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Meida Industrial 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 Meida Industrial Co Ltd (2008–2024)
The table below shows the annual net assets of Zhejiang Meida Industrial Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.65 Billion | -18.43% |
| 2023-12-31 | CN¥2.03 Billion | +3.15% |
| 2022-12-31 | CN¥1.97 Billion | +0.84% |
| 2021-12-31 | CN¥1.95 Billion | +14.47% |
| 2020-12-31 | CN¥1.70 Billion | +12.14% |
| 2019-12-31 | CN¥1.52 Billion | +11.29% |
| 2018-12-31 | CN¥1.37 Billion | +4.33% |
| 2017-12-31 | CN¥1.31 Billion | +13.67% |
| 2016-12-31 | CN¥1.15 Billion | +10.31% |
| 2015-12-31 | CN¥1.04 Billion | +5.63% |
| 2014-12-31 | CN¥987.83 Million | +7.36% |
| 2013-12-31 | CN¥920.10 Million | +6.69% |
| 2012-12-31 | CN¥862.42 Million | +162.88% |
| 2011-12-31 | CN¥328.06 Million | +23.69% |
| 2010-12-31 | CN¥265.23 Million | -10.01% |
| 2009-12-31 | CN¥294.73 Million | +39.94% |
| 2008-12-31 | CN¥210.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Meida Industrial 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 567.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥675.77 Million | 40.91% |
| Common Stock | CN¥646.05 Million | 39.11% |
| Other Components | CN¥330.03 Million | 19.98% |
| Total Equity | CN¥1.65 Billion | 100.00% |
Zhejiang Meida Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Meida Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Médica Sur S.A.B. de C.V
MX:MEDICAB
|
$272.64 Million |
|
Dream Unlimited Corp
PINK:DRUNF
|
$272.77 Million |
|
Jiangsu Phoenix Property Investment Co Ltd
SHG:600716
|
$272.79 Million |
|
Creotech Instruments S.A.
WAR:CRI
|
$272.84 Million |
|
Argus Shanghai Textile Chemicals Co Ltd
SHG:603790
|
$272.57 Million |
|
Adtran Networks SE
F:ADV
|
$272.52 Million |
|
Centurion Acquisition Corp. Unit
NASDAQ:ALFUU
|
$272.45 Million |
|
Sichuan Tianyi Comheart Telecom Co Ltd Class A
SHE:300504
|
$272.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Meida Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,028,557,354 to 1,651,857,147, a change of -376,700,207 (-18.6%).
- Net income of 110,448,098 contributed positively to equity growth.
- Dividend payments of 484,592,653 reduced retained earnings.
- Other comprehensive income decreased equity by 249,819,213.
- Other factors increased equity by 247,263,561.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥110.45 Million | +6.69% |
| Dividends Paid | CN¥484.59 Million | -29.34% |
| Other Comprehensive Income | CN¥-249.82 Million | -15.12% |
| Other Changes | CN¥247.26 Million | +14.97% |
| Total Change | CN¥- | -18.57% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Meida Industrial 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: 3.31x
- 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 19.15x to 3.31x 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¥0.44 | CN¥8.42 | x |
| 2009-12-31 | CN¥0.61 | CN¥8.42 | x |
| 2010-12-31 | CN¥0.56 | CN¥8.42 | x |
| 2011-12-31 | CN¥0.68 | CN¥8.42 | x |
| 2012-12-31 | CN¥1.50 | CN¥8.42 | x |
| 2013-12-31 | CN¥1.44 | CN¥8.42 | x |
| 2014-12-31 | CN¥1.52 | CN¥8.42 | x |
| 2015-12-31 | CN¥1.61 | CN¥8.42 | x |
| 2016-12-31 | CN¥1.82 | CN¥8.42 | x |
| 2017-12-31 | CN¥2.06 | CN¥8.42 | x |
| 2018-12-31 | CN¥2.13 | CN¥8.42 | x |
| 2019-12-31 | CN¥2.36 | CN¥8.42 | x |
| 2020-12-31 | CN¥2.64 | CN¥8.42 | x |
| 2021-12-31 | CN¥3.02 | CN¥8.42 | x |
| 2022-12-31 | CN¥3.04 | CN¥8.42 | x |
| 2023-12-31 | CN¥3.15 | CN¥8.42 | x |
| 2024-12-31 | CN¥2.54 | CN¥8.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Meida Industrial 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): 6.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.59%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.14x
- Recent ROE (6.69%) is below the historical average (22.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 29.84% | 26.63% | 0.75x | 1.50x | CN¥41.79 Million |
| 2009 | 29.22% | 29.58% | 0.65x | 1.53x | CN¥56.64 Million |
| 2010 | 23.60% | 18.84% | 0.78x | 1.61x | CN¥36.08 Million |
| 2011 | 24.64% | 23.03% | 0.76x | 1.40x | CN¥48.02 Million |
| 2012 | 10.21% | 24.32% | 0.36x | 1.16x | CN¥1.81 Million |
| 2013 | 11.70% | 27.55% | 0.36x | 1.17x | CN¥15.67 Million |
| 2014 | 13.94% | 29.33% | 0.42x | 1.15x | CN¥38.95 Million |
| 2015 | 14.92% | 30.05% | 0.43x | 1.16x | CN¥51.29 Million |
| 2016 | 17.61% | 30.44% | 0.48x | 1.21x | CN¥87.55 Million |
| 2017 | 23.33% | 29.74% | 0.61x | 1.28x | CN¥174.35 Million |
| 2018 | 27.66% | 26.95% | 0.79x | 1.30x | CN¥241.02 Million |
| 2019 | 30.28% | 27.31% | 0.85x | 1.31x | CN¥308.09 Million |
| 2020 | 31.90% | 30.70% | 0.81x | 1.28x | CN¥373.19 Million |
| 2021 | 34.08% | 30.72% | 0.92x | 1.21x | CN¥469.66 Million |
| 2022 | 22.99% | 24.65% | 0.80x | 1.16x | CN¥255.50 Million |
| 2023 | 22.89% | 27.76% | 0.72x | 1.15x | CN¥261.43 Million |
| 2024 | 6.69% | 12.59% | 0.47x | 1.14x | CN¥-54.74 Million |
Industry Comparison
This section compares Zhejiang Meida Industrial Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Meida Industrial Co Ltd (002677) | CN¥1.48 Billion | 29.84% | 0.10x | $272.58 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |