Zhejiang Walrus New Material Co Ltd (003011) - Net Assets
Based on the latest financial reports, Zhejiang Walrus New Material Co Ltd (003011) has net assets worth CN¥1.39 Billion CNY (≈ $203.16 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¥1.87 Billion ≈ $273.57 Million USD) and total liabilities (CN¥481.14 Million ≈ $70.41 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 Walrus New Material Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.39 Billion |
| % of Total Assets | 74.26% |
| Annual Growth Rate | 48.17% |
| 5-Year Change | 10.77% |
| 10-Year Change | N/A |
| Growth Volatility | 81.26 |
Zhejiang Walrus New Material Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Zhejiang Walrus New Material Co Ltd's net assets have evolved over time, based on quarterly financial data. See 003011 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Walrus New Material Co Ltd (2016–2025)
The table below shows the annual net assets of Zhejiang Walrus New Material Co Ltd from 2016 to 2025. For live valuation and market cap data, see 003011 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.41 Billion ≈ $206.31 Million |
-0.52% |
| 2024-12-31 | CN¥1.42 Billion ≈ $207.39 Million |
-0.23% |
| 2023-12-31 | CN¥1.42 Billion ≈ $207.86 Million |
-2.65% |
| 2022-12-31 | CN¥1.46 Billion ≈ $213.52 Million |
+14.64% |
| 2021-12-31 | CN¥1.27 Billion ≈ $186.25 Million |
+5.15% |
| 2020-12-31 | CN¥1.21 Billion ≈ $177.13 Million |
+189.62% |
| 2019-12-31 | CN¥417.96 Million ≈ $61.16 Million |
+44.08% |
| 2018-12-31 | CN¥290.10 Million ≈ $42.45 Million |
+205.62% |
| 2017-12-31 | CN¥94.92 Million ≈ $13.89 Million |
+131.71% |
| 2016-12-31 | CN¥40.97 Million ≈ $5.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Walrus New Material 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 6087.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥617.45 Million | 43.79% |
| Other Components | CN¥792.43 Million | 56.21% |
| Total Equity | CN¥1.41 Billion | 100.00% |
Zhejiang Walrus New Material Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Walrus New Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
United Malacca Bhd
KLSE:2593
|
$310.73 Million |
|
Maritima De In
SN:MARINSA
|
$310.82 Million |
|
StealthGas Inc
F:S6W
|
$310.84 Million |
|
Hangzhou Seck Intelligent Tech Co
SHE:300897
|
$310.86 Million |
|
NCT Alliance Bhd
KLSE:0056
|
$310.69 Million |
|
STP&I Public Company Limited
BK:STPI
|
$310.68 Million |
|
Corem Property Group AB (publ)
ST:CORE-PREF
|
$310.64 Million |
|
Tong-Tai Machine Tool Co Ltd
TW:4526
|
$310.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Walrus New Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,417,264,455 to 1,409,885,050, a change of -7,379,405 (-0.5%).
- Net income of 99,461,014 contributed positively to equity growth.
- Dividend payments of 67,349,635 reduced retained earnings.
- Other comprehensive income decreased equity by 52,207,394.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥99.46 Million | +7.05% |
| Dividends Paid | CN¥67.35 Million | -4.78% |
| Other Comprehensive Income | CN¥-52.21 Million | -3.7% |
| Other Changes | CN¥12.72 Million | +0.9% |
| Total Change | CN¥- | -0.52% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Walrus New Material 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: 1.51x
- 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 21.12x to 1.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥0.98 | CN¥20.68 | x |
| 2017-12-31 | CN¥1.86 | CN¥20.68 | x |
| 2018-12-31 | CN¥4.12 | CN¥20.68 | x |
| 2019-12-31 | CN¥5.42 | CN¥20.68 | x |
| 2020-12-31 | CN¥14.53 | CN¥20.68 | x |
| 2021-12-31 | CN¥12.34 | CN¥20.68 | x |
| 2022-12-31 | CN¥14.23 | CN¥20.68 | x |
| 2023-12-31 | CN¥14.00 | CN¥20.68 | x |
| 2024-12-31 | CN¥13.86 | CN¥20.68 | x |
| 2025-12-31 | CN¥13.73 | CN¥20.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Walrus New Material 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): 7.05%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.25%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.49x
- Recent ROE (7.05%) is below the historical average (16.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 45.96% | 9.04% | 1.11x | 4.58x | CN¥14.73 Million |
| 2017 | 0.77% | 0.19% | 1.41x | 2.90x | CN¥-8.76 Million |
| 2018 | 30.88% | 11.43% | 1.18x | 2.28x | CN¥60.56 Million |
| 2019 | 33.09% | 16.11% | 0.92x | 2.24x | CN¥96.53 Million |
| 2020 | 15.55% | 15.38% | 0.70x | 1.44x | CN¥67.24 Million |
| 2021 | 7.62% | 5.39% | 0.79x | 1.79x | CN¥-30.31 Million |
| 2022 | 14.54% | 11.20% | 0.76x | 1.70x | CN¥66.31 Million |
| 2023 | 3.21% | 2.85% | 0.68x | 1.65x | CN¥-96.40 Million |
| 2024 | 3.53% | 3.66% | 0.64x | 1.51x | CN¥-91.63 Million |
| 2025 | 7.05% | 8.25% | 0.57x | 1.49x | CN¥-41.53 Million |
Industry Comparison
This section compares Zhejiang Walrus New Material Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $5,021,386,700
- Average return on equity (ROE) among peers: 10.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Walrus New Material Co Ltd (003011) | CN¥1.39 Billion | 45.96% | 0.35x | $310.71 Million |
| Midea Group Co Ltd (000333) | $33.17 Billion | 9.83% | 1.65x | $79.32 Billion |
| Changhong Meiling Co Ltd (000521) | $872.22 Million | 1.92% | 1.70x | $714.80 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $638.23 Million | 31.70% | 2.10x | $30.10 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-806.97 Million | 0.00% | 0.00x | $3.65 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $339.25 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $676.99 Million |
| Zhejiang Supor Co Ltd (002032) | $5.20 Billion | 25.51% | 0.76x | $4.81 Billion |
| Vatti Corp Ltd (002035) | $2.26 Billion | 22.53% | 0.86x | $589.18 Million |
| CNlight Co Ltd (002076) | $365.21 Million | 13.83% | 0.22x | $430.09 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.59 Billion | -7.77% | 1.20x | $327.10 Million |
About Zhejiang Walrus New Material Co Ltd
Zhejiang Walrus New Material Co., Ltd. engages in the research and development, production, and sale of PVC flooring products in China and internationally. The company offers luxury vinyl tile, wood plastic composite, and stone plastic composite flooring products to be used in shopping malls, hotels, hospitals, office buildings, stadiums, and residential places. It is also involved in wholesale a… Read more