Zhejiang Meida Industrial Co Ltd (002677) - Net Assets

Latest as of March 2026: CN¥1.47 Billion CNY ≈ $215.78 Million USD

Based on the latest financial reports, Zhejiang Meida Industrial Co Ltd (002677) has net assets worth CN¥1.47 Billion CNY (≈ $215.78 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¥1.61 Billion ≈ $236.19 Million USD) and total liabilities (CN¥139.50 Million ≈ $20.41 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 002677 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.47 Billion
% of Total Assets	91.36%
Annual Growth Rate	12.12%
5-Year Change	-24.49%
10-Year Change	27.93%
Growth Volatility	38.86

Zhejiang Meida Industrial Co Ltd - Net Assets Trend (2008–2025)

This chart illustrates how Zhejiang Meida Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002677 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Zhejiang Meida Industrial Co Ltd (2008–2025)

The table below shows the annual net assets of Zhejiang Meida Industrial Co Ltd from 2008 to 2025. For live valuation and market cap data, see market value of Zhejiang Meida Industrial Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥1.47 Billion ≈ $215.48 Million	-11.01%
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	--

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 387.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥493.50 Million	33.55%
Other Components	CN¥977.23 Million	66.45%
Total Equity	CN¥1.47 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
Gladstone Commercial Corporation NASDAQ:GOOD	$584.27 Million
Prima Marine Public Company Limited BK:PRM	$584.34 Million
Vinte Viviendas Integrales S.A.B. de C.V MX:VINTE	$584.39 Million
Dongwon F & B KO:049770	$584.51 Million
Zambal Spain Socimi SA MC:YZBL	$584.16 Million
Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd SHG:600379	$583.69 Million
Adcock Ingram Holdings Limited JSE:AIP	$583.42 Million
Shenzhen Haoningda Meters Co Ltd SHE:002356	$583.31 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 2024 to 2025, total equity changed from 1,651,857,147 to 1,470,732,913, a change of -181,124,234 (-11.0%).
Net income of 11,542,324 contributed positively to equity growth.
Dividend payments of 193,815,494 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥11.54 Million	+0.78%
Dividends Paid	CN¥193.82 Million	-13.18%
Other Changes	CN¥1.15 Million	+0.08%
Total Change	CN¥-	-10.96%

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: 2.71x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 14.05x to 2.71x 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¥6.18	x
2009-12-31	CN¥0.61	CN¥6.18	x
2010-12-31	CN¥0.56	CN¥6.18	x
2011-12-31	CN¥0.68	CN¥6.18	x
2012-12-31	CN¥1.50	CN¥6.18	x
2013-12-31	CN¥1.44	CN¥6.18	x
2014-12-31	CN¥1.52	CN¥6.18	x
2015-12-31	CN¥1.61	CN¥6.18	x
2016-12-31	CN¥1.82	CN¥6.18	x
2017-12-31	CN¥2.06	CN¥6.18	x
2018-12-31	CN¥2.13	CN¥6.18	x
2019-12-31	CN¥2.34	CN¥6.18	x
2020-12-31	CN¥2.63	CN¥6.18	x
2021-12-31	CN¥3.02	CN¥6.18	x
2022-12-31	CN¥3.04	CN¥6.18	x
2023-12-31	CN¥3.15	CN¥6.18	x
2024-12-31	CN¥2.54	CN¥6.18	x
2025-12-31	CN¥2.28	CN¥6.18	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): 0.78%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.54%
• Asset Turnover: 0.28x
• Equity Multiplier: 1.10x
Recent ROE (0.78%) is below the historical average (20.90%), 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
2025	0.78%	2.54%	0.28x	1.10x	CN¥-135.53 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: $5,021,386,700
Average return on equity (ROE) among peers: 10.13%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Meida Industrial Co Ltd (002677)	CN¥1.47 Billion	29.84%	0.09x	$584.24 Million
Midea Group Co Ltd (000333)	$33.17 Billion	9.83%	1.65x	$79.32 Billion
Changhong Meiling Co Ltd (000521)	$872.22 Million	1.92%	1.70x	$714.80 Million
Gree Electric Appliances Inc of Zhuhai (000651)	$638.23 Million	31.70%	2.10x	$30.10 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921)	$-806.97 Million	0.00%	0.00x	$3.65 Billion
Suncha Technology Co Ltd (001211)	$477.06 Million	18.82%	0.71x	$339.25 Million
Elec-Tech International Co Ltd (002005)	$6.45 Billion	-15.06%	1.16x	$676.99 Million
Zhejiang Supor Co Ltd (002032)	$5.20 Billion	25.51%	0.76x	$4.81 Billion
Vatti Corp Ltd (002035)	$2.26 Billion	22.53%	0.86x	$589.18 Million
CNlight Co Ltd (002076)	$365.21 Million	13.83%	0.22x	$430.09 Million
Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084)	$1.59 Billion	-7.77%	1.20x	$327.10 Million

About Zhejiang Meida Industrial Co Ltd

SHE:002677 China Furnishings, Fixtures & Appliances

Market Cap

$584.24 Million

CN¥3.99 Billion CNY

Market Cap Rank

#11603 Global

#3325 in China

Share Price

CN¥6.18

Change (1 day)

-1.59%

52-Week Range

CN¥6.18 - CN¥10.20

All Time High

CN¥18.69