Wenzhou Yihua Connector Co Ltd
Wenzhou Yihua Connector Co., Ltd. engages in the research, development, manufacture, and sale of communication connector and its components in China. It produces network connector, including RJ11, RJ45 plug/Jack, RJ45 integrated transformers; USB, HDMI, DP, and card holder; optoelectronic connectors such as SC, LC, MPO, SFP, SFP+ and other SFP series products and high-speed cables, and automotive… Read more
Wenzhou Yihua Connector Co Ltd (002897) - Net Assets
Latest net assets as of September 2025: CN¥2.81 Billion CNY
Based on the latest financial reports, Wenzhou Yihua Connector Co Ltd (002897) has net assets worth CN¥2.81 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.08 Billion) and total liabilities (CN¥4.27 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.81 Billion |
| % of Total Assets | 39.66% |
| Annual Growth Rate | 20.27% |
| 5-Year Change | 85.03% |
| 10-Year Change | 444.14% |
| Growth Volatility | 28.3 |
Wenzhou Yihua Connector Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Wenzhou Yihua Connector Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wenzhou Yihua Connector Co Ltd (2013–2024)
The table below shows the annual net assets of Wenzhou Yihua Connector Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.48 Billion | +43.14% |
| 2023-12-31 | CN¥1.73 Billion | +5.74% |
| 2022-12-31 | CN¥1.64 Billion | +16.44% |
| 2021-12-31 | CN¥1.41 Billion | +4.98% |
| 2020-12-31 | CN¥1.34 Billion | +13.16% |
| 2019-12-31 | CN¥1.18 Billion | +3.30% |
| 2018-12-31 | CN¥1.15 Billion | +4.27% |
| 2017-12-31 | CN¥1.10 Billion | +105.59% |
| 2016-12-31 | CN¥534.77 Million | +17.36% |
| 2015-12-31 | CN¥455.67 Million | +16.56% |
| 2014-12-31 | CN¥390.93 Million | +20.08% |
| 2013-12-31 | CN¥325.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wenzhou Yihua Connector 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 752.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.12 Billion | 46.17% |
| Common Stock | CN¥194.05 Million | 7.99% |
| Other Components | CN¥1.11 Billion | 45.84% |
| Total Equity | CN¥2.43 Billion | 100.00% |
Wenzhou Yihua Connector Co Ltd Competitors by Market Cap
The table below lists competitors of Wenzhou Yihua Connector Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LSHGF
OTCGREY:LSHGF
|
$921.43 Million |
|
TOMPK.FINL CORP. DL-10
F:8J0
|
$921.67 Million |
|
CITIC Metal Co. Ltd. A
SHG:601061
|
$921.73 Million |
|
UWM Holdings Corp
NYSE:UWMC
|
$921.81 Million |
|
ams AG
PINK:AUKUF
|
$921.39 Million |
|
Sumec Corp Ltd
SHG:600710
|
$921.15 Million |
|
NÜRNBERGER Beteiligungs-AG
F:NBG6
|
$921.01 Million |
|
KAGA EL. CO. LTD
F:9V2
|
$920.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wenzhou Yihua Connector Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,730,941,186 to 2,429,507,052, a change of 698,565,866 (40.4%).
- Net income of 124,169,015 contributed positively to equity growth.
- Dividend payments of 108,240,035 reduced retained earnings.
- Share repurchases of 16,299 reduced equity.
- Other comprehensive income decreased equity by 35,213,018.
- Other factors increased equity by 717,866,203.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥124.17 Million | +5.11% |
| Dividends Paid | CN¥108.24 Million | -4.46% |
| Share Repurchases | CN¥16.30K | -0.0% |
| Other Comprehensive Income | CN¥-35.21 Million | -1.45% |
| Other Changes | CN¥717.87 Million | +29.55% |
| Total Change | CN¥- | 40.36% |
Book Value vs Market Value Analysis
This analysis compares Wenzhou Yihua Connector 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: 4.69x
- 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 24.10x to 4.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.55 | CN¥61.50 | x |
| 2014-12-31 | CN¥3.07 | CN¥61.50 | x |
| 2015-12-31 | CN¥3.56 | CN¥61.50 | x |
| 2016-12-31 | CN¥4.18 | CN¥61.50 | x |
| 2017-12-31 | CN¥7.95 | CN¥61.50 | x |
| 2018-12-31 | CN¥6.65 | CN¥61.50 | x |
| 2019-12-31 | CN¥6.72 | CN¥61.50 | x |
| 2020-12-31 | CN¥7.66 | CN¥61.50 | x |
| 2021-12-31 | CN¥8.06 | CN¥61.50 | x |
| 2022-12-31 | CN¥9.54 | CN¥61.50 | x |
| 2023-12-31 | CN¥10.20 | CN¥61.50 | x |
| 2024-12-31 | CN¥13.11 | CN¥61.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wenzhou Yihua Connector 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): 5.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.04%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.60x
- Recent ROE (5.11%) is below the historical average (12.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 22.29% | 8.33% | 1.09x | 2.46x | CN¥40.02 Million |
| 2014 | 16.72% | 7.15% | 1.06x | 2.20x | CN¥26.27 Million |
| 2015 | 18.60% | 9.27% | 1.01x | 1.98x | CN¥39.17 Million |
| 2016 | 18.53% | 10.00% | 1.02x | 1.82x | CN¥45.63 Million |
| 2017 | 8.55% | 7.73% | 0.82x | 1.35x | CN¥-15.91 Million |
| 2018 | 6.92% | 5.60% | 0.78x | 1.57x | CN¥-34.59 Million |
| 2019 | 3.83% | 2.71% | 0.53x | 2.69x | CN¥-70.76 Million |
| 2020 | 13.78% | 5.51% | 0.94x | 2.66x | CN¥49.38 Million |
| 2021 | 9.86% | 3.02% | 0.92x | 3.56x | CN¥-1.98 Million |
| 2022 | 14.73% | 4.79% | 1.10x | 2.80x | CN¥76.98 Million |
| 2023 | 7.06% | 2.42% | 0.92x | 3.19x | CN¥-50.91 Million |
| 2024 | 5.11% | 2.04% | 0.96x | 2.60x | CN¥-118.78 Million |
Industry Comparison
This section compares Wenzhou Yihua Connector Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wenzhou Yihua Connector Co Ltd (002897) | CN¥2.81 Billion | 22.29% | 1.52x | $921.41 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |