Zhonghang Electronic Measuring Instruments Co Ltd
AVIC Chengdu Aircraft Company Limited provides intelligent measurement and control products for military and civilian fields in China and internationally. It offers resistance strain gauges, strain gauge based sensors, industrial weighing equipment, precision fluid control equipment, instrument and indicator, logistics weighing, intelligent transportation, and digital smart factory. Its products … Read more
Zhonghang Electronic Measuring Instruments Co Ltd (300114) - Net Assets
Latest net assets as of December 2024: CN¥2.54 Billion CNY
Based on the latest financial reports, Zhonghang Electronic Measuring Instruments Co Ltd (300114) has net assets worth CN¥2.54 Billion CNY as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.24 Billion) and total liabilities (CN¥1.70 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¥2.54 Billion |
| % of Total Assets | 59.94% |
| Annual Growth Rate | 19.97% |
| 5-Year Change | 28.74% |
| 10-Year Change | 87.81% |
| Growth Volatility | 68.87 |
Zhonghang Electronic Measuring Instruments Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhonghang Electronic Measuring Instruments 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 Zhonghang Electronic Measuring Instruments Co Ltd (2007–2024)
The table below shows the annual net assets of Zhonghang Electronic Measuring Instruments Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.54 Billion | +4.79% |
| 2023-12-31 | CN¥2.43 Billion | +3.63% |
| 2022-12-31 | CN¥2.34 Billion | +6.38% |
| 2021-12-31 | CN¥2.20 Billion | +11.44% |
| 2020-12-31 | CN¥1.97 Billion | +18.50% |
| 2019-12-31 | CN¥1.67 Billion | +10.32% |
| 2018-12-31 | CN¥1.51 Billion | -3.63% |
| 2017-12-31 | CN¥1.57 Billion | +8.57% |
| 2016-12-31 | CN¥1.44 Billion | +6.66% |
| 2015-12-31 | CN¥1.35 Billion | +8.36% |
| 2014-12-31 | CN¥1.25 Billion | +39.14% |
| 2013-12-31 | CN¥897.71 Million | +6.25% |
| 2012-12-31 | CN¥844.91 Million | +7.77% |
| 2011-12-31 | CN¥784.03 Million | +12.94% |
| 2010-12-31 | CN¥694.18 Million | +301.55% |
| 2009-12-31 | CN¥172.88 Million | +25.73% |
| 2008-12-31 | CN¥137.50 Million | +19.52% |
| 2007-12-31 | CN¥115.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhonghang Electronic Measuring Instruments 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 6500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.42 Billion | 56.63% |
| Other Components | CN¥1.08 Billion | 43.37% |
| Total Equity | CN¥2.50 Billion | 100.00% |
Zhonghang Electronic Measuring Instruments Co Ltd Competitors by Market Cap
The table below lists competitors of Zhonghang Electronic Measuring Instruments Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
$2.75 Billion |
|
Delhivery Limited
NSE:DELHIVERY
|
$2.75 Billion |
|
SCHOLAR ROCK HLDG DL-001
F:2QK
|
$2.75 Billion |
|
CSSC Offshore & Marine Engineering Group Co Ltd
SHG:600685
|
$2.75 Billion |
|
Bucher Industries AG
OTCGREY:BCHHF
|
$2.74 Billion |
|
SASA Polyester Sanayi AS
IS:SASA
|
$2.74 Billion |
|
Eutelsat Communications SA
PINK:EUTLF
|
$2.74 Billion |
|
Wallenius Wilhelmsen Logistics ASA
OL:WAWI
|
$2.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhonghang Electronic Measuring Instruments Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,385,722,411 to 2,501,160,951, a change of 115,438,540 (4.8%).
- Net income of 112,308,792 contributed positively to equity growth.
- Dividend payments of 16,326,707 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥112.31 Million | +4.49% |
| Dividends Paid | CN¥16.33 Million | -0.65% |
| Other Changes | CN¥19.46 Million | +0.78% |
| Total Change | CN¥- | 4.84% |
Book Value vs Market Value Analysis
This analysis compares Zhonghang Electronic Measuring Instruments 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: 17.05x
- 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 29.27x to 17.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.47 | CN¥72.18 | x |
| 2018-12-31 | CN¥2.46 | CN¥72.18 | x |
| 2019-12-31 | CN¥2.71 | CN¥72.18 | x |
| 2020-12-31 | CN¥3.23 | CN¥72.18 | x |
| 2021-12-31 | CN¥3.60 | CN¥72.18 | x |
| 2022-12-31 | CN¥3.89 | CN¥72.18 | x |
| 2023-12-31 | CN¥4.04 | CN¥72.18 | x |
| 2024-12-31 | CN¥4.23 | CN¥72.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhonghang Electronic Measuring Instruments 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): 4.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.31%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.70x
- Recent ROE (4.49%) is below the historical average (10.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 15.20% | 7.68% | 0.80x | 2.48x | CN¥5.98 Million |
| 2008 | 20.92% | 11.56% | 0.79x | 2.30x | CN¥15.01 Million |
| 2009 | 22.41% | 14.15% | 0.76x | 2.10x | CN¥21.46 Million |
| 2010 | 7.32% | 16.05% | 0.39x | 1.16x | CN¥-18.61 Million |
| 2011 | 8.24% | 12.72% | 0.52x | 1.25x | CN¥-13.10 Million |
| 2012 | 6.08% | 8.39% | 0.54x | 1.34x | CN¥-30.75 Million |
| 2013 | 5.76% | 6.76% | 0.60x | 1.42x | CN¥-35.13 Million |
| 2014 | 7.48% | 9.74% | 0.54x | 1.42x | CN¥-29.32 Million |
| 2015 | 7.98% | 9.80% | 0.57x | 1.44x | CN¥-25.40 Million |
| 2016 | 7.69% | 9.49% | 0.56x | 1.44x | CN¥-30.90 Million |
| 2017 | 8.89% | 10.43% | 0.56x | 1.52x | CN¥-16.23 Million |
| 2018 | 10.73% | 11.25% | 0.67x | 1.42x | CN¥10.64 Million |
| 2019 | 13.24% | 13.75% | 0.62x | 1.55x | CN¥52.04 Million |
| 2020 | 13.77% | 14.92% | 0.60x | 1.54x | CN¥71.83 Million |
| 2021 | 14.43% | 15.80% | 0.59x | 1.55x | CN¥94.30 Million |
| 2022 | 8.39% | 10.12% | 0.52x | 1.59x | CN¥-37.06 Million |
| 2023 | 4.11% | 5.85% | 0.42x | 1.67x | CN¥-140.41 Million |
| 2024 | 4.49% | 6.31% | 0.42x | 1.70x | CN¥-137.81 Million |
Industry Comparison
This section compares Zhonghang Electronic Measuring Instruments Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,905,739,972
- Average return on equity (ROE) among peers: 11.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhonghang Electronic Measuring Instruments Co Ltd (300114) | CN¥2.54 Billion | 15.20% | 0.67x | $2.74 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $833.21 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |