Zhejiang Viewshine Intelligent Meter Co Ltd (002849) - Net Assets
Based on the latest financial reports, Zhejiang Viewshine Intelligent Meter Co Ltd (002849) has net assets worth CN¥1.45 Billion CNY (≈ $212.85 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¥2.75 Billion ≈ $401.74 Million USD) and total liabilities (CN¥1.29 Billion ≈ $188.89 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 002849 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.45 Billion |
| % of Total Assets | 52.98% |
| Annual Growth Rate | 23.87% |
| 5-Year Change | 59.48% |
| 10-Year Change | 413.0% |
| Growth Volatility | 28.28 |
Zhejiang Viewshine Intelligent Meter Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Zhejiang Viewshine Intelligent Meter Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002849 stock market capitalisation.
Annual Net Assets for Zhejiang Viewshine Intelligent Meter Co Ltd (2012–2025)
The table below shows the annual net assets of Zhejiang Viewshine Intelligent Meter Co Ltd from 2012 to 2025. Also explore Zhejiang Viewshine Intelligent Meter Co equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.42 Billion ≈ $208.40 Million |
+5.20% |
| 2024-12-31 | CN¥1.35 Billion ≈ $198.10 Million |
+3.58% |
| 2023-12-31 | CN¥1.31 Billion ≈ $191.26 Million |
+1.92% |
| 2022-12-31 | CN¥1.28 Billion ≈ $187.65 Million |
+43.60% |
| 2021-12-31 | CN¥893.02 Million ≈ $130.68 Million |
+7.17% |
| 2020-12-31 | CN¥833.30 Million ≈ $121.94 Million |
+13.23% |
| 2019-12-31 | CN¥735.94 Million ≈ $107.69 Million |
+16.38% |
| 2018-12-31 | CN¥632.38 Million ≈ $92.54 Million |
+13.88% |
| 2017-12-31 | CN¥555.28 Million ≈ $81.26 Million |
+100.02% |
| 2016-12-31 | CN¥277.61 Million ≈ $40.62 Million |
+18.89% |
| 2015-12-31 | CN¥233.51 Million ≈ $34.17 Million |
+17.92% |
| 2014-12-31 | CN¥198.02 Million ≈ $28.98 Million |
+72.95% |
| 2013-12-31 | CN¥114.49 Million ≈ $16.75 Million |
+29.92% |
| 2012-12-31 | CN¥88.13 Million ≈ $12.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Viewshine Intelligent Meter 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 1657.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥515.19 Million | 38.12% |
| Other Components | CN¥836.16 Million | 61.88% |
| Total Equity | CN¥1.35 Billion | 100.00% |
Zhejiang Viewshine Intelligent Meter Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Viewshine Intelligent Meter Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinling Pharmaceutical Co Ltd
SHE:000919
|
$597.01 Million |
|
Shandong Lubei Chemical Co Ltd
SHG:600727
|
$597.13 Million |
|
Fujian Rongji Software Co Ltd
SHE:002474
|
$597.27 Million |
|
EPC Groupe
PA:EXPL
|
$597.32 Million |
|
TPI POLENE POWER
BK:TPIPP-R
|
$596.95 Million |
|
Bichamp Cutting Technology Hunan Co Ltd
SHE:002843
|
$596.76 Million |
|
Anhui Province Natural Gas Development Co Ltd
SHG:603689
|
$596.55 Million |
|
Beijing Chunlizhengda Medical Instruments Co Ltd
SHG:688236
|
$596.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Viewshine Intelligent Meter Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,304,560,342 to 1,351,352,969, a change of 46,792,627 (3.6%).
- Net income of 53,950,488 contributed positively to equity growth.
- Dividend payments of 13,182,698 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥53.95 Million | +3.99% |
| Dividends Paid | CN¥13.18 Million | -0.98% |
| Other Changes | CN¥6.02 Million | +0.45% |
| Total Change | CN¥- | 3.59% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Viewshine Intelligent Meter 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: 3.02x
- 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 17.05x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.08 | CN¥18.49 | x |
| 2013-12-31 | CN¥1.27 | CN¥18.49 | x |
| 2014-12-31 | CN¥2.07 | CN¥18.49 | x |
| 2015-12-31 | CN¥1.71 | CN¥18.49 | x |
| 2016-12-31 | CN¥2.03 | CN¥18.49 | x |
| 2017-12-31 | CN¥3.10 | CN¥18.49 | x |
| 2018-12-31 | CN¥3.29 | CN¥18.49 | x |
| 2019-12-31 | CN¥3.74 | CN¥18.49 | x |
| 2020-12-31 | CN¥4.19 | CN¥18.49 | x |
| 2021-12-31 | CN¥4.39 | CN¥18.49 | x |
| 2022-12-31 | CN¥6.28 | CN¥18.49 | x |
| 2023-12-31 | CN¥5.63 | CN¥18.49 | x |
| 2024-12-31 | CN¥5.82 | CN¥18.49 | x |
| 2025-12-31 | CN¥6.12 | CN¥18.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Viewshine Intelligent Meter 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): 3.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.26%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.07x
- Recent ROE (3.99%) is below the historical average (10.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 14.93% | 13.02% | 0.75x | 1.52x | CN¥4.35 Million |
| 2013 | 20.67% | 16.29% | 0.80x | 1.59x | CN¥12.22 Million |
| 2014 | 15.44% | 14.04% | 0.73x | 1.50x | CN¥10.76 Million |
| 2015 | 15.20% | 13.17% | 0.66x | 1.75x | CN¥12.14 Million |
| 2016 | 18.81% | 13.39% | 0.83x | 1.69x | CN¥24.47 Million |
| 2017 | 9.67% | 10.61% | 0.57x | 1.61x | CN¥-1.82 Million |
| 2018 | 10.42% | 7.99% | 0.62x | 2.10x | CN¥2.53 Million |
| 2019 | 9.56% | 6.07% | 0.70x | 2.26x | CN¥-3.01 Million |
| 2020 | 10.91% | 6.99% | 0.65x | 2.41x | CN¥6.98 Million |
| 2021 | 6.34% | 4.54% | 0.66x | 2.13x | CN¥-29.99 Million |
| 2022 | 4.77% | 6.24% | 0.44x | 1.74x | CN¥-65.05 Million |
| 2023 | 2.67% | 2.73% | 0.53x | 1.85x | CN¥-93.40 Million |
| 2024 | 2.58% | 2.59% | 0.54x | 1.86x | CN¥-96.82 Million |
| 2025 | 3.99% | 3.26% | 0.59x | 2.07x | CN¥-81.18 Million |
Industry Comparison
This section compares Zhejiang Viewshine Intelligent Meter Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,588,852,816
- Average return on equity (ROE) among peers: 8.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Viewshine Intelligent Meter Co Ltd (002849) | CN¥1.45 Billion | 14.93% | 0.89x | $596.96 Million |
| XJ Electric Co Ltd (000400) | $8.95 Billion | 5.26% | 0.79x | $3.27 Billion |
| Guangdong Macro Co Ltd (000533) | $2.02 Billion | 6.30% | 0.94x | $1.22 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.80 Billion | 15.42% | 0.18x | $894.27 Million |
| Dongfang Electronics Co Ltd (000682) | $1.40 Billion | 8.74% | 0.32x | $2.19 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $557.50 Million | 13.45% | 0.65x | $702.38 Million |
| Huagong Tech Co Ltd (000988) | $1.72 Billion | 8.73% | 0.73x | $14.07 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.39 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.35 Billion | 8.07% | 0.48x | $16.86 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $200.73 Million | 2.91% | 0.19x | $347.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $6.89 Billion |
About Zhejiang Viewshine Intelligent Meter Co Ltd
Zhejiang Viewshine Intelligent Meter Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of smart gas meters and control systems in China and internationally. The company offers wireless remote gas, non-magnetic NB-IoT water, NB-IoT valve-controlled water, and NB-IoT antenna external valve-controlled water meters; residential ultrasonic gas, comme… Read more