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 (≈ $212.29 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¥2.79 Billion ≈ $408.23 Million USD) and total liabilities (CN¥1.34 Billion ≈ $195.94 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 Viewshine Intelligent Meter Co liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.45 Billion |
| % of Total Assets | 52.0% |
| Annual Growth Rate | 25.57% |
| 5-Year Change | 62.46% |
| 10-Year Change | 479.75% |
| Growth Volatility | 28.72 |
Zhejiang Viewshine Intelligent Meter Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Viewshine Intelligent Meter Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Viewshine Intelligent Meter Co balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Viewshine Intelligent Meter Co Ltd (2012–2024)
The table below shows the annual net assets of Zhejiang Viewshine Intelligent Meter Co Ltd from 2012 to 2024. For live valuation and market cap data, see 002849 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 1525.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥476.35 Million | 36.51% |
| Common Stock | CN¥220.63 Million | 16.91% |
| Other Components | CN¥607.57 Million | 46.57% |
| Total Equity | CN¥1.30 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 |
|---|---|
|
CJ CGV
KO:079160
|
$559.94 Million |
|
AB Siauliu Bankas
F:ZH5
|
$560.18 Million |
|
Shenzhen Huijie Group Co Ltd
SHE:002763
|
$560.26 Million |
|
Beijing Beetech Inc
SHE:300667
|
$560.27 Million |
|
Malibu Boats Inc
NASDAQ:MBUU
|
$559.75 Million |
|
Suven Life Sciences Limited
NSE:SUVEN
|
$559.34 Million |
|
Ningbo Gaofa Automotive Ctrl
SHG:603788
|
$559.15 Million |
|
Vulcan Steel Ltd
AU:VSL
|
$558.83 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 2023 to 2024, total equity changed from 1,273,640,774 to 1,304,560,342, a change of 30,919,568 (2.4%).
- Net income of 33,632,664 contributed positively to equity growth.
- Dividend payments of 13,980,572 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.63 Million | +2.58% |
| Dividends Paid | CN¥13.98 Million | -1.07% |
| Other Changes | CN¥11.27 Million | +0.86% |
| Total Change | CN¥- | 2.43% |
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: 2.98x
- 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 15.99x to 2.98x 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¥17.34 | x |
| 2013-12-31 | CN¥1.27 | CN¥17.34 | x |
| 2014-12-31 | CN¥2.07 | CN¥17.34 | x |
| 2015-12-31 | CN¥1.71 | CN¥17.34 | x |
| 2016-12-31 | CN¥2.03 | CN¥17.34 | x |
| 2017-12-31 | CN¥3.10 | CN¥17.34 | x |
| 2018-12-31 | CN¥3.29 | CN¥17.34 | x |
| 2019-12-31 | CN¥3.74 | CN¥17.34 | x |
| 2020-12-31 | CN¥4.19 | CN¥17.34 | x |
| 2021-12-31 | CN¥4.39 | CN¥17.34 | x |
| 2022-12-31 | CN¥6.28 | CN¥17.34 | x |
| 2023-12-31 | CN¥5.63 | CN¥17.34 | x |
| 2024-12-31 | CN¥5.82 | CN¥17.34 | 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): 2.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.86x
- Recent ROE (2.58%) is below the historical average (10.92%), 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 |
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: $1,627,273,163
- Average return on equity (ROE) among peers: 11.53%
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% | 0.92x | $559.83 Million |
| XJ Electric Co Ltd (000400) | $1.62 Billion | 9.34% | 0.70x | $3.94 Billion |
| Guangdong Macro Co Ltd (000533) | $1.45 Billion | 10.70% | 1.25x | $1.36 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.04 Billion |
| Dongfang Electronics Co Ltd (000682) | $411.24 Million | 32.62% | 0.36x | $2.64 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.42 Billion | 8.15% | 0.96x | $1.05 Billion |
| Huagong Tech Co Ltd (000988) | $773.02 Million | 4.54% | 0.79x | $20.11 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $775.82 Million | 9.79% | 0.91x | $1.92 Billion |
| Sieyuan Electric Co Ltd (002028) | $6.71 Billion | 13.91% | 0.65x | $22.64 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $555.84 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $9.88 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 ultrasonic gas and water meters in China and internationally. The company offers intelligent water and gas information system platforms and terminals, residential and commercial ultrasonic water and gas meters, diaphragm gas meters, industrial RTU IoT product… Read more