Zhejiang Taitan Co Ltd (003036) - Net Assets
Based on the latest financial reports, Zhejiang Taitan Co Ltd (003036) has net assets worth CN¥1.46 Billion CNY (≈ $214.34 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.00 Billion ≈ $438.87 Million USD) and total liabilities (CN¥1.53 Billion ≈ $224.53 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 Taitan Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.46 Billion |
| % of Total Assets | 48.84% |
| Annual Growth Rate | 11.53% |
| 5-Year Change | 72.88% |
| 10-Year Change | 231.39% |
| Growth Volatility | 10.92 |
Zhejiang Taitan Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Taitan Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Taitan Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Taitan Co Ltd (2013–2024)
The table below shows the annual net assets of Zhejiang Taitan Co Ltd from 2013 to 2024. For live valuation and market cap data, see 003036 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.45 Billion ≈ $212.80 Million |
+0.57% |
| 2023-12-31 | CN¥1.45 Billion ≈ $211.60 Million |
+13.45% |
| 2022-12-31 | CN¥1.27 Billion ≈ $186.51 Million |
+9.86% |
| 2021-12-31 | CN¥1.16 Billion ≈ $169.77 Million |
+37.92% |
| 2020-12-31 | CN¥841.17 Million ≈ $123.09 Million |
+9.46% |
| 2019-12-31 | CN¥768.50 Million ≈ $112.46 Million |
+25.08% |
| 2018-12-31 | CN¥614.38 Million ≈ $89.90 Million |
+12.35% |
| 2017-12-31 | CN¥546.84 Million ≈ $80.02 Million |
+16.17% |
| 2016-12-31 | CN¥470.70 Million ≈ $68.88 Million |
+7.26% |
| 2015-12-31 | CN¥438.83 Million ≈ $64.21 Million |
-0.71% |
| 2014-12-31 | CN¥441.97 Million ≈ $64.67 Million |
+0.92% |
| 2013-12-31 | CN¥437.95 Million ≈ $64.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Taitan 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 216.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥573.98 Million | 39.61% |
| Other Components | CN¥875.23 Million | 60.39% |
| Total Equity | CN¥1.45 Billion | 100.00% |
Zhejiang Taitan Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Taitan Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MidCap Financial Investment Corporation
NASDAQ:MFIC
|
$1.04 Billion |
|
Zhejiang Yongjin Metal Technology Co Ltd
SHG:603995
|
$1.04 Billion |
|
GuangDong Leary New Material Technology Co. Ltd. A
SHG:688683
|
$1.04 Billion |
|
JC Finance & Tax Interconnect Holdings Ltd
SHE:002530
|
$1.04 Billion |
|
Xeris Pharmaceuticals Inc
NASDAQ:XERS
|
$1.04 Billion |
|
Dazhong Transportation Group Co Ltd A
SHG:600611
|
$1.04 Billion |
|
Turk Tuborg Bira ve Malt Sanayi AS
IS:TBORG
|
$1.04 Billion |
|
Medikaloka Hermina PT
JK:HEAL
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Taitan Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,444,507,493 to 1,449,209,352, a change of 4,701,859 (0.3%).
- Net income of 88,754,364 contributed positively to equity growth.
- Dividend payments of 94,659,801 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥88.75 Million | +6.12% |
| Dividends Paid | CN¥94.66 Million | -6.53% |
| Other Changes | CN¥10.61 Million | +0.73% |
| Total Change | CN¥- | 0.33% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Taitan 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: 4.88x
- 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 12.41x to 4.88x 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¥2.64 | CN¥32.75 | x |
| 2014-12-31 | CN¥2.76 | CN¥32.75 | x |
| 2015-12-31 | CN¥2.82 | CN¥32.75 | x |
| 2016-12-31 | CN¥2.93 | CN¥32.75 | x |
| 2017-12-31 | CN¥3.35 | CN¥32.75 | x |
| 2018-12-31 | CN¥3.83 | CN¥32.75 | x |
| 2019-12-31 | CN¥4.76 | CN¥32.75 | x |
| 2020-12-31 | CN¥5.10 | CN¥32.75 | x |
| 2021-12-31 | CN¥5.34 | CN¥32.75 | x |
| 2022-12-31 | CN¥5.90 | CN¥32.75 | x |
| 2023-12-31 | CN¥6.69 | CN¥32.75 | x |
| 2024-12-31 | CN¥6.71 | CN¥32.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Taitan 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.35%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.14x
- Recent ROE (6.12%) is below the historical average (7.81%), 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 | 6.82% | 7.24% | 0.57x | 1.66x | CN¥-13.92 Million |
| 2014 | 3.98% | 4.64% | 0.49x | 1.75x | CN¥-26.60 Million |
| 2015 | 3.90% | 4.77% | 0.45x | 1.81x | CN¥-26.77 Million |
| 2016 | 7.84% | 8.49% | 0.48x | 1.91x | CN¥-10.17 Million |
| 2017 | 13.15% | 10.72% | 0.63x | 1.96x | CN¥17.21 Million |
| 2018 | 11.24% | 9.43% | 0.65x | 1.82x | CN¥7.62 Million |
| 2019 | 7.78% | 10.19% | 0.49x | 1.56x | CN¥-16.97 Million |
| 2020 | 7.25% | 8.97% | 0.45x | 1.80x | CN¥-22.70 Million |
| 2021 | 6.37% | 5.85% | 0.60x | 1.82x | CN¥-41.47 Million |
| 2022 | 10.31% | 8.13% | 0.66x | 1.92x | CN¥3.95 Million |
| 2023 | 9.00% | 9.28% | 0.47x | 2.06x | CN¥-14.48 Million |
| 2024 | 6.12% | 5.35% | 0.54x | 2.14x | CN¥-56.17 Million |
Industry Comparison
This section compares Zhejiang Taitan Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Taitan Co Ltd (003036) | CN¥1.46 Billion | 6.82% | 1.05x | $1.04 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Zhejiang Taitan Co Ltd
Zhejiang Taitan Co.,Ltd., together with its subsidiaries, engages in the research and development, manufacture, sale, and service of textile machinery in China and internationally. The company offers spinning machinery, including rotor spinning machines; twisting machinery comprising two for one twister for short fibers and filaments, rapier looms, precision doubling machines, and doubling winder… Read more