Zhenjiang Dongfang Electric Heat
Zhenjiang Dongfang Electric Heating Technology Co.,Ltd engages in the research and development, production, and sale of electric heaters and control systems in China. The company offers electric heaters, such as metal tubular electric heaters, stainless steel fin type electric heaters, heaters, PTC metal ceramic PTC heaters, bare electric heating wire heaters, aluminum foil heaters, silica gels a… Read more
Zhenjiang Dongfang Electric Heat (300217) - Net Assets
Latest net assets as of September 2025: CN¥4.24 Billion CNY
Based on the latest financial reports, Zhenjiang Dongfang Electric Heat (300217) has net assets worth CN¥4.24 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¥6.29 Billion) and total liabilities (CN¥2.05 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¥4.24 Billion |
| % of Total Assets | 67.37% |
| Annual Growth Rate | 22.57% |
| 5-Year Change | 102.19% |
| 10-Year Change | 123.79% |
| Growth Volatility | 51.25 |
Zhenjiang Dongfang Electric Heat - Net Assets Trend (2008–2024)
This chart illustrates how Zhenjiang Dongfang Electric Heat's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhenjiang Dongfang Electric Heat (2008–2024)
The table below shows the annual net assets of Zhenjiang Dongfang Electric Heat from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.15 Billion | +6.13% |
| 2023-12-31 | CN¥3.91 Billion | +18.21% |
| 2022-12-31 | CN¥3.31 Billion | +17.92% |
| 2021-12-31 | CN¥2.81 Billion | +36.67% |
| 2020-12-31 | CN¥2.05 Billion | -1.76% |
| 2019-12-31 | CN¥2.09 Billion | -5.91% |
| 2018-12-31 | CN¥2.22 Billion | +7.27% |
| 2017-12-31 | CN¥2.07 Billion | +2.13% |
| 2016-12-31 | CN¥2.03 Billion | +9.29% |
| 2015-12-31 | CN¥1.86 Billion | +53.44% |
| 2014-12-31 | CN¥1.21 Billion | +6.66% |
| 2013-12-31 | CN¥1.13 Billion | +5.95% |
| 2012-12-31 | CN¥1.07 Billion | +7.73% |
| 2011-12-31 | CN¥993.69 Million | +216.43% |
| 2010-12-31 | CN¥314.03 Million | +41.75% |
| 2009-12-31 | CN¥221.53 Million | +38.44% |
| 2008-12-31 | CN¥160.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhenjiang Dongfang Electric Heat'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 2722.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.74 Billion | 42.19% |
| Common Stock | CN¥1.48 Billion | 35.88% |
| Other Comprehensive Income | CN¥154.55 Million | 3.75% |
| Other Components | CN¥748.74 Million | 18.18% |
| Total Equity | CN¥4.12 Billion | 100.00% |
Zhenjiang Dongfang Electric Heat Competitors by Market Cap
The table below lists competitors of Zhenjiang Dongfang Electric Heat ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Taiwan Surface Mounting Technology Corp
TW:6278
|
$717.95 Million |
|
Astria Therapeutics Inc
NASDAQ:ATXS
|
$718.13 Million |
|
Shanghai Yizhong Pharmaceutical Co Ltd
SHG:688091
|
$718.91 Million |
|
JSW Holdings Limited
NSE:JSWHL
|
$719.19 Million |
|
OKE Precision Cutting Tools Co. Ltd. A
SHG:688308
|
$717.38 Million |
|
Matthews International Corporation
NASDAQ:MATW
|
$717.32 Million |
|
Fu Shou Yuan International Group Limited
PINK:FSHUF
|
$717.28 Million |
|
Heritage Commerce Corp
NASDAQ:HTBK
|
$716.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhenjiang Dongfang Electric Heat's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,907,182,648 to 4,119,484,917, a change of 212,302,269 (5.4%).
- Net income of 317,754,930 contributed positively to equity growth.
- Dividend payments of 102,725,377 reduced retained earnings.
- Share repurchases of 31,061,707 reduced equity.
- Other comprehensive income increased equity by 27,206,786.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥317.75 Million | +7.71% |
| Dividends Paid | CN¥102.73 Million | -2.49% |
| Share Repurchases | CN¥31.06 Million | -0.75% |
| Other Comprehensive Income | CN¥27.21 Million | +0.66% |
| Other Changes | CN¥1.13 Million | +0.03% |
| Total Change | CN¥- | 5.43% |
Book Value vs Market Value Analysis
This analysis compares Zhenjiang Dongfang Electric Heat'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: 2.01x
- 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 27.70x to 2.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.20 | CN¥5.48 | x |
| 2009-12-31 | CN¥0.23 | CN¥5.48 | x |
| 2010-12-31 | CN¥0.33 | CN¥5.48 | x |
| 2011-12-31 | CN¥0.95 | CN¥5.48 | x |
| 2012-12-31 | CN¥0.92 | CN¥5.48 | x |
| 2013-12-31 | CN¥0.98 | CN¥5.48 | x |
| 2014-12-31 | CN¥1.05 | CN¥5.48 | x |
| 2015-12-31 | CN¥1.60 | CN¥5.48 | x |
| 2016-12-31 | CN¥1.42 | CN¥5.48 | x |
| 2017-12-31 | CN¥1.48 | CN¥5.48 | x |
| 2018-12-31 | CN¥1.52 | CN¥5.48 | x |
| 2019-12-31 | CN¥1.48 | CN¥5.48 | x |
| 2020-12-31 | CN¥1.60 | CN¥5.48 | x |
| 2021-12-31 | CN¥2.09 | CN¥5.48 | x |
| 2022-12-31 | CN¥2.29 | CN¥5.48 | x |
| 2023-12-31 | CN¥2.61 | CN¥5.48 | x |
| 2024-12-31 | CN¥2.72 | CN¥5.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhenjiang Dongfang Electric Heat 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): 7.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.56%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.62x
- Recent ROE (7.71%) is below the historical average (9.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 5.74% | 3.78% | 0.74x | 2.04x | CN¥-6.81 Million |
| 2009 | 24.70% | 12.45% | 0.66x | 3.00x | CN¥28.13 Million |
| 2010 | 28.62% | 13.03% | 0.89x | 2.46x | CN¥50.21 Million |
| 2011 | 11.62% | 15.23% | 0.53x | 1.44x | CN¥15.22 Million |
| 2012 | 9.39% | 14.42% | 0.48x | 1.37x | CN¥-6.21 Million |
| 2013 | 8.35% | 10.96% | 0.52x | 1.45x | CN¥-17.90 Million |
| 2014 | 8.86% | 10.08% | 0.61x | 1.44x | CN¥-13.23 Million |
| 2015 | 4.18% | 7.99% | 0.41x | 1.29x | CN¥-104.88 Million |
| 2016 | 2.54% | 4.93% | 0.34x | 1.51x | CN¥-134.84 Million |
| 2017 | 4.44% | 4.82% | 0.58x | 1.58x | CN¥-104.40 Million |
| 2018 | 7.23% | 6.48% | 0.61x | 1.84x | CN¥-55.54 Million |
| 2019 | -5.19% | -4.38% | 0.63x | 1.90x | CN¥-286.16 Million |
| 2020 | 2.96% | 2.52% | 0.63x | 1.86x | CN¥-143.56 Million |
| 2021 | 6.21% | 6.23% | 0.52x | 1.91x | CN¥-106.16 Million |
| 2022 | 9.16% | 7.90% | 0.53x | 2.20x | CN¥-27.70 Million |
| 2023 | 16.47% | 15.67% | 0.56x | 1.86x | CN¥252.83 Million |
| 2024 | 7.71% | 8.56% | 0.55x | 1.62x | CN¥-94.19 Million |
Industry Comparison
This section compares Zhenjiang Dongfang Electric Heat's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhenjiang Dongfang Electric Heat (300217) | CN¥4.24 Billion | 5.74% | 0.48x | $717.49 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |