Zhejiang Zhongjian Technology Co Ltd (002779) - Net Assets
Based on the latest financial reports, Zhejiang Zhongjian Technology Co Ltd (002779) has net assets worth CN¥755.39 Million CNY (≈ $110.54 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¥1.29 Billion ≈ $188.99 Million USD) and total liabilities (CN¥536.10 Million ≈ $78.45 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 002779 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥755.39 Million |
| % of Total Assets | 58.49% |
| Annual Growth Rate | 11.92% |
| 5-Year Change | 20.43% |
| 10-Year Change | 26.24% |
| Growth Volatility | 21.89 |
Zhejiang Zhongjian Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Zhongjian Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002779 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Zhongjian Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Zhongjian Technology Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002779 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥743.83 Million ≈ $108.85 Million |
+6.64% |
| 2023-12-31 | CN¥697.54 Million ≈ $102.07 Million |
+6.50% |
| 2022-12-31 | CN¥654.96 Million ≈ $95.84 Million |
+3.94% |
| 2021-12-31 | CN¥630.15 Million ≈ $92.21 Million |
+2.02% |
| 2020-12-31 | CN¥617.66 Million ≈ $90.38 Million |
-4.00% |
| 2019-12-31 | CN¥643.43 Million ≈ $94.15 Million |
+0.85% |
| 2018-12-31 | CN¥638.03 Million ≈ $93.36 Million |
+1.11% |
| 2017-12-31 | CN¥631.00 Million ≈ $92.34 Million |
+2.67% |
| 2016-12-31 | CN¥614.57 Million ≈ $89.93 Million |
+4.30% |
| 2015-12-31 | CN¥589.23 Million ≈ $86.22 Million |
+82.53% |
| 2014-12-31 | CN¥322.81 Million ≈ $47.24 Million |
+21.46% |
| 2013-12-31 | CN¥265.78 Million ≈ $38.89 Million |
+20.91% |
| 2012-12-31 | CN¥219.82 Million ≈ $32.17 Million |
+27.73% |
| 2011-12-31 | CN¥172.09 Million ≈ $25.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Zhongjian Technology 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 574.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥359.45 Million | 48.41% |
| Common Stock | CN¥132.00 Million | 17.78% |
| Other Comprehensive Income | CN¥62.02 Million | 8.35% |
| Other Components | CN¥189.08 Million | 25.46% |
| Total Equity | CN¥742.55 Million | 100.00% |
Zhejiang Zhongjian Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Zhongjian Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firstsource Solutions Limited
NSE:FSL
|
$2.05 Billion |
|
Zhejiang Yonghe Refrigerant Co Ltd
SHG:605020
|
$2.05 Billion |
|
Anhui Kouzi Distillery Co Ltd
SHG:603589
|
$2.05 Billion |
|
Douglas Emmett Inc
NYSE:DEI
|
$2.05 Billion |
|
E-Mart
KO:139480
|
$2.05 Billion |
|
Dunelm Group plc
F:DFQ
|
$2.05 Billion |
|
ZAI LAB LTD0000006
F:1ZLB
|
$2.05 Billion |
|
Bestway Marine & Energy Technology Co Ltd
SHE:300008
|
$2.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Zhongjian Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 697,543,978 to 742,551,625, a change of 45,007,647 (6.5%).
- Net income of 64,669,585 contributed positively to equity growth.
- Dividend payments of 20,373,628 reduced retained earnings.
- Other comprehensive income increased equity by 62,023,312.
- Other factors decreased equity by 61,311,622.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥64.67 Million | +8.71% |
| Dividends Paid | CN¥20.37 Million | -2.74% |
| Other Comprehensive Income | CN¥62.02 Million | +8.35% |
| Other Changes | CN¥-61.31 Million | -8.26% |
| Total Change | CN¥- | 6.45% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Zhongjian Technology 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: 13.47x
- 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 43.69x to 13.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.73 | CN¥75.80 | x |
| 2012-12-31 | CN¥2.21 | CN¥75.80 | x |
| 2013-12-31 | CN¥2.70 | CN¥75.80 | x |
| 2014-12-31 | CN¥3.25 | CN¥75.80 | x |
| 2015-12-31 | CN¥5.92 | CN¥75.80 | x |
| 2016-12-31 | CN¥4.68 | CN¥75.80 | x |
| 2017-12-31 | CN¥4.79 | CN¥75.80 | x |
| 2018-12-31 | CN¥4.88 | CN¥75.80 | x |
| 2019-12-31 | CN¥4.87 | CN¥75.80 | x |
| 2020-12-31 | CN¥4.68 | CN¥75.80 | x |
| 2021-12-31 | CN¥4.77 | CN¥75.80 | x |
| 2022-12-31 | CN¥4.96 | CN¥75.80 | x |
| 2023-12-31 | CN¥5.22 | CN¥75.80 | x |
| 2024-12-31 | CN¥5.63 | CN¥75.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Zhongjian Technology 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): 8.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.66%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.52x
- Recent ROE (8.71%) is below the historical average (9.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 31.13% | 12.80% | 1.16x | 2.09x | CN¥36.36 Million |
| 2012 | 21.71% | 11.52% | 1.10x | 1.72x | CN¥25.75 Million |
| 2013 | 17.29% | 10.91% | 1.02x | 1.56x | CN¥19.38 Million |
| 2014 | 17.67% | 11.19% | 1.05x | 1.50x | CN¥24.75 Million |
| 2015 | 8.28% | 10.59% | 0.62x | 1.26x | CN¥-10.13 Million |
| 2016 | 5.77% | 8.61% | 0.54x | 1.24x | CN¥-26.00 Million |
| 2017 | 3.76% | 5.37% | 0.52x | 1.33x | CN¥-39.40 Million |
| 2018 | 1.85% | 2.83% | 0.51x | 1.28x | CN¥-52.03 Million |
| 2019 | 1.21% | 1.97% | 0.46x | 1.33x | CN¥-56.57 Million |
| 2020 | -3.91% | -6.12% | 0.45x | 1.43x | CN¥-85.95 Million |
| 2021 | 1.98% | 2.31% | 0.64x | 1.35x | CN¥-50.52 Million |
| 2022 | 4.18% | 5.34% | 0.58x | 1.36x | CN¥-38.11 Million |
| 2023 | 6.89% | 7.21% | 0.68x | 1.40x | CN¥-21.66 Million |
| 2024 | 8.71% | 6.66% | 0.86x | 1.52x | CN¥-9.59 Million |
Industry Comparison
This section compares Zhejiang Zhongjian Technology Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,251,061,814
- Average return on equity (ROE) among peers: 9.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Zhongjian Technology Co Ltd (002779) | CN¥755.39 Million | 31.13% | 0.71x | $2.05 Billion |
| Bosun Tools Co Ltd (002282) | $781.83 Million | 0.84% | 0.33x | $536.57 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $944.80 Million | 8.52% | 0.08x | $677.43 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.26 Billion | 7.26% | 0.27x | $540.92 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $382.70 Million | 43.38% | 1.13x | $6.38 Billion |
| Geron Co Ltd (002722) | $1.73 Billion | 4.95% | 0.47x | $519.01 Million |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $973.03 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $820.23 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $382.63 Million | 10.71% | 0.29x | $1.02 Billion |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About Zhejiang Zhongjian Technology Co Ltd
Zhejiang Zhongjian Technology Co.,Ltd engages in the research and development, production, and sale of various garden machinery products in China and internationally. It offers chainsaws, brush cutters, hedge trimmers, riding lawn mowers, sweepers, and hand pushers. Zhejiang Zhongjian Technology Co.,Ltd was formerly known as Yongkang Zhongjian Tools Manufacture Co., Ltd. and changed its name to Z… Read more