Zhejiang Meida Industrial Co Ltd (002677) - Net Assets
Based on the latest financial reports, Zhejiang Meida Industrial Co Ltd (002677) has net assets worth CN¥1.48 Billion CNY (≈ $216.32 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¥1.62 Billion ≈ $236.92 Million USD) and total liabilities (CN¥140.77 Million ≈ $20.60 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 Meida Industrial Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 002677 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Zhejiang Meida Industrial Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.65 Billion ≈ $242.14 Million |
-18.43% |
| 2023-12-31 | CN¥2.03 Billion ≈ $296.84 Million |
+3.15% |
| 2022-12-31 | CN¥1.97 Billion ≈ $287.76 Million |
+0.84% |
| 2021-12-31 | CN¥1.95 Billion ≈ $285.38 Million |
+14.47% |
| 2020-12-31 | CN¥1.70 Billion ≈ $249.31 Million |
+12.14% |
| 2019-12-31 | CN¥1.52 Billion ≈ $222.31 Million |
+11.29% |
| 2018-12-31 | CN¥1.37 Billion ≈ $199.75 Million |
+4.33% |
| 2017-12-31 | CN¥1.31 Billion ≈ $191.46 Million |
+13.67% |
| 2016-12-31 | CN¥1.15 Billion ≈ $168.44 Million |
+10.31% |
| 2015-12-31 | CN¥1.04 Billion ≈ $152.69 Million |
+5.63% |
| 2014-12-31 | CN¥987.83 Million ≈ $144.55 Million |
+7.36% |
| 2013-12-31 | CN¥920.10 Million ≈ $134.64 Million |
+6.69% |
| 2012-12-31 | CN¥862.42 Million ≈ $126.20 Million |
+162.88% |
| 2011-12-31 | CN¥328.06 Million ≈ $48.01 Million |
+23.69% |
| 2010-12-31 | CN¥265.23 Million ≈ $38.81 Million |
-10.01% |
| 2009-12-31 | CN¥294.73 Million ≈ $43.13 Million |
+39.94% |
| 2008-12-31 | CN¥210.61 Million ≈ $30.82 Million |
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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 |
|---|---|
|
Brightspire Capital Inc
NYSE:BRSP
|
$755.61 Million |
|
Winner Information Technology Co Inc
SHE:300609
|
$755.61 Million |
|
Zhejiang Huakang Pharmaceutical Co Ltd
SHG:605077
|
$755.65 Million |
|
Vercom SA
WAR:VRC
|
$755.67 Million |
|
Atlantic China Welding Consumables Inc
SHG:600558
|
$755.25 Million |
|
Trilogy Metals Inc
TO:TMQ
|
$755.14 Million |
|
Pricol Limited
NSE:PRICOLLTD
|
$754.94 Million |
|
Beibu Gulf Tourism Corp Ltd
SHG:603869
|
$754.86 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 110,448,099 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 247,263,560.
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: 3.14x
- 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 18.17x to 3.14x 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¥7.99 | x |
| 2009-12-31 | CN¥0.61 | CN¥7.99 | x |
| 2010-12-31 | CN¥0.56 | CN¥7.99 | x |
| 2011-12-31 | CN¥0.68 | CN¥7.99 | x |
| 2012-12-31 | CN¥1.50 | CN¥7.99 | x |
| 2013-12-31 | CN¥1.44 | CN¥7.99 | x |
| 2014-12-31 | CN¥1.52 | CN¥7.99 | x |
| 2015-12-31 | CN¥1.61 | CN¥7.99 | x |
| 2016-12-31 | CN¥1.82 | CN¥7.99 | x |
| 2017-12-31 | CN¥2.06 | CN¥7.99 | x |
| 2018-12-31 | CN¥2.13 | CN¥7.99 | x |
| 2019-12-31 | CN¥2.34 | CN¥7.99 | x |
| 2020-12-31 | CN¥2.63 | CN¥7.99 | x |
| 2021-12-31 | CN¥3.02 | CN¥7.99 | x |
| 2022-12-31 | CN¥3.04 | CN¥7.99 | x |
| 2023-12-31 | CN¥3.15 | CN¥7.99 | x |
| 2024-12-31 | CN¥2.54 | CN¥7.99 | 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: $21,905,636,868
- Average return on equity (ROE) among peers: 14.16%
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 | $755.36 Million |
| Midea Group Co Ltd (000333) | $107.50 Billion | 22.52% | 1.81x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $879.37 Million | 0.76% | 1.77x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $107.93 Billion | 21.37% | 1.96x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-842.15 Million | 0.00% | 0.00x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $929.64 Million | 7.56% | 0.38x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $114.44 Million | 40.36% | 2.94x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $905.66 Million | 11.04% | 0.85x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $112.32 Million | 31.19% | 1.62x | $730.59 Million |
| CNlight Co Ltd (002076) | $388.80 Million | 2.76% | 0.26x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.15 Billion | 4.02% | 0.60x | $364.92 Million |
About 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