Zhejiang Shibao Co Ltd (002703) - Net Assets
Based on the latest financial reports, Zhejiang Shibao Co Ltd (002703) has net assets worth CN¥2.07 Billion CNY (≈ $302.58 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¥3.67 Billion ≈ $537.50 Million USD) and total liabilities (CN¥1.61 Billion ≈ $234.92 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 Shibao Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.07 Billion |
| % of Total Assets | 56.29% |
| Annual Growth Rate | 9.95% |
| 5-Year Change | 46.77% |
| 10-Year Change | 33.4% |
| Growth Volatility | 22.48 |
Zhejiang Shibao Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Zhejiang Shibao Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002703 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Shibao Co Ltd (2009–2024)
The table below shows the annual net assets of Zhejiang Shibao Co Ltd from 2009 to 2024. For live valuation and market cap data, see Zhejiang Shibao Co Ltd (002703) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.95 Billion ≈ $285.48 Million |
+33.81% |
| 2023-12-31 | CN¥1.46 Billion ≈ $213.35 Million |
+6.18% |
| 2022-12-31 | CN¥1.37 Billion ≈ $200.93 Million |
+1.35% |
| 2021-12-31 | CN¥1.35 Billion ≈ $198.25 Million |
+1.93% |
| 2020-12-31 | CN¥1.33 Billion ≈ $194.51 Million |
+2.67% |
| 2019-12-31 | CN¥1.29 Billion ≈ $189.45 Million |
-13.14% |
| 2018-12-31 | CN¥1.49 Billion ≈ $218.11 Million |
+0.10% |
| 2017-12-31 | CN¥1.49 Billion ≈ $217.89 Million |
-0.32% |
| 2016-12-31 | CN¥1.49 Billion ≈ $218.60 Million |
+2.15% |
| 2015-12-31 | CN¥1.46 Billion ≈ $214.00 Million |
+1.41% |
| 2014-12-31 | CN¥1.44 Billion ≈ $211.03 Million |
+85.98% |
| 2013-12-31 | CN¥775.43 Million ≈ $113.47 Million |
+5.67% |
| 2012-12-31 | CN¥733.83 Million ≈ $107.38 Million |
+10.85% |
| 2011-12-31 | CN¥661.98 Million ≈ $96.87 Million |
+14.77% |
| 2010-12-31 | CN¥576.78 Million ≈ $84.40 Million |
+22.59% |
| 2009-12-31 | CN¥470.50 Million ≈ $68.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Shibao 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 345.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥479.90 Million | 24.70% |
| Common Stock | CN¥822.63 Million | 42.34% |
| Other Comprehensive Income | CN¥153.56 Million | 7.90% |
| Other Components | CN¥486.99 Million | 25.06% |
| Total Equity | CN¥1.94 Billion | 100.00% |
Zhejiang Shibao Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Shibao Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Storskogen Group AB Series B
ST:STOR-B
|
$1.51 Billion |
|
Lier Chemical Co Ltd
SHE:002258
|
$1.51 Billion |
|
Shenzhen Beauty Star Co Ltd
SHE:002243
|
$1.51 Billion |
|
Azad Engineering Limited
NSE:AZAD
|
$1.51 Billion |
|
Jiangsu Guomao Reducer Co Ltd
SHG:603915
|
$1.51 Billion |
|
Central Securities Corporation
NYSE MKT:CET
|
$1.51 Billion |
|
Guangzhou SiE Consulting Co Ltd
SHE:300687
|
$1.51 Billion |
|
Ingersoll Rand (India) Limited
NSE:INGERRAND
|
$1.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Shibao Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,469,865,219 to 1,943,079,732, a change of 473,214,513 (32.2%).
- Net income of 149,123,771 contributed positively to equity growth.
- Dividend payments of 24,319,201 reduced retained earnings.
- Other comprehensive income increased equity by 153,562,423.
- Other factors increased equity by 194,847,520.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥149.12 Million | +7.67% |
| Dividends Paid | CN¥24.32 Million | -1.25% |
| Other Comprehensive Income | CN¥153.56 Million | +7.9% |
| Other Changes | CN¥194.85 Million | +10.03% |
| Total Change | CN¥- | 32.19% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Shibao 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: 7.14x
- 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 24.23x to 7.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.70 | CN¥17.03 | x |
| 2010-12-31 | CN¥0.83 | CN¥17.03 | x |
| 2011-12-31 | CN¥0.98 | CN¥17.03 | x |
| 2012-12-31 | CN¥1.07 | CN¥17.03 | x |
| 2013-12-31 | CN¥1.10 | CN¥17.03 | x |
| 2014-12-31 | CN¥2.10 | CN¥17.03 | x |
| 2015-12-31 | CN¥1.83 | CN¥17.03 | x |
| 2016-12-31 | CN¥1.87 | CN¥17.03 | x |
| 2017-12-31 | CN¥1.87 | CN¥17.03 | x |
| 2018-12-31 | CN¥1.87 | CN¥17.03 | x |
| 2019-12-31 | CN¥1.65 | CN¥17.03 | x |
| 2020-12-31 | CN¥1.70 | CN¥17.03 | x |
| 2021-12-31 | CN¥1.74 | CN¥17.03 | x |
| 2022-12-31 | CN¥1.76 | CN¥17.03 | x |
| 2023-12-31 | CN¥1.86 | CN¥17.03 | x |
| 2024-12-31 | CN¥2.39 | CN¥17.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Shibao 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): 7.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.54%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.68x
- Recent ROE (7.67%) is above the historical average (5.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 14.23% | 18.17% | 0.60x | 1.30x | CN¥19.72 Million |
| 2010 | 18.73% | 18.94% | 0.67x | 1.47x | CN¥48.20 Million |
| 2011 | 17.60% | 18.03% | 0.60x | 1.64x | CN¥48.74 Million |
| 2012 | 10.06% | 13.15% | 0.46x | 1.65x | CN¥433.01K |
| 2013 | 6.57% | 7.24% | 0.51x | 1.77x | CN¥-25.53 Million |
| 2014 | 3.05% | 5.35% | 0.39x | 1.48x | CN¥-98.69 Million |
| 2015 | 3.71% | 6.39% | 0.44x | 1.31x | CN¥-90.72 Million |
| 2016 | 4.31% | 5.59% | 0.55x | 1.41x | CN¥-83.86 Million |
| 2017 | 2.21% | 2.83% | 0.55x | 1.43x | CN¥-114.80 Million |
| 2018 | 0.49% | 0.64% | 0.55x | 1.38x | CN¥-140.58 Million |
| 2019 | -13.57% | -17.99% | 0.50x | 1.52x | CN¥-306.90 Million |
| 2020 | 3.04% | 3.71% | 0.56x | 1.47x | CN¥-93.42 Million |
| 2021 | 2.48% | 2.90% | 0.57x | 1.51x | CN¥-103.53 Million |
| 2022 | 1.14% | 1.14% | 0.58x | 1.72x | CN¥-123.44 Million |
| 2023 | 5.25% | 4.24% | 0.69x | 1.80x | CN¥-69.78 Million |
| 2024 | 7.67% | 5.54% | 0.83x | 1.68x | CN¥-45.18 Million |
Industry Comparison
This section compares Zhejiang Shibao Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Shibao Co Ltd (002703) | CN¥2.07 Billion | 14.23% | 0.78x | $1.51 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About Zhejiang Shibao Co Ltd
Zhejiang Shibao Company Limited, together with its subsidiaries, researches, designs, develops, manufactures, and sells automotive steering systems and accessories in the People's Republic of China. The company offers electric power steering products, including electric power manual recirculating ball steering gear, electro-hydraulic power recirculating ball steering gear, double-pinion-assisted … Read more