Zhenjiang Dongfang Electric Heat (300217) - Net Assets
Based on the latest financial reports, Zhenjiang Dongfang Electric Heat (300217) has net assets worth CN¥4.24 Billion CNY (≈ $619.95 Million USD) 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 ≈ $920.20 Million USD) and total liabilities (CN¥2.05 Billion ≈ $300.25 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 how resilient are Zhenjiang Dongfang Electric Heat's assets to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Zhenjiang Dongfang Electric Heat for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 300217 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.15 Billion ≈ $607.90 Million |
+6.13% |
| 2023-12-31 | CN¥3.91 Billion ≈ $572.80 Million |
+18.21% |
| 2022-12-31 | CN¥3.31 Billion ≈ $484.56 Million |
+17.92% |
| 2021-12-31 | CN¥2.81 Billion ≈ $410.92 Million |
+36.67% |
| 2020-12-31 | CN¥2.05 Billion ≈ $300.66 Million |
-1.76% |
| 2019-12-31 | CN¥2.09 Billion ≈ $306.04 Million |
-5.91% |
| 2018-12-31 | CN¥2.22 Billion ≈ $325.25 Million |
+7.27% |
| 2017-12-31 | CN¥2.07 Billion ≈ $303.20 Million |
+2.13% |
| 2016-12-31 | CN¥2.03 Billion ≈ $296.88 Million |
+9.29% |
| 2015-12-31 | CN¥1.86 Billion ≈ $271.64 Million |
+53.44% |
| 2014-12-31 | CN¥1.21 Billion ≈ $177.03 Million |
+6.66% |
| 2013-12-31 | CN¥1.13 Billion ≈ $165.97 Million |
+5.95% |
| 2012-12-31 | CN¥1.07 Billion ≈ $156.65 Million |
+7.73% |
| 2011-12-31 | CN¥993.69 Million ≈ $145.41 Million |
+216.43% |
| 2010-12-31 | CN¥314.03 Million ≈ $45.95 Million |
+41.75% |
| 2009-12-31 | CN¥221.53 Million ≈ $32.42 Million |
+38.44% |
| 2008-12-31 | CN¥160.02 Million ≈ $23.42 Million |
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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 |
|---|---|
|
Changzhou Tronly New Electronic Materials Co Ltd
SHE:300429
|
$1.11 Billion |
|
Wah Lee Industrial Corp
TW:3010
|
$1.11 Billion |
|
Chimera Investment Corporation
NYSE:CIM
|
$1.11 Billion |
|
SBFC Finance Limited
NSE:SBFC
|
$1.11 Billion |
|
SANDUR MANGANESE AND IRON ORES LTD
NSE:SANDUMA
|
$1.11 Billion |
|
Aryt Industries Ltd
TA:ARYT
|
$1.11 Billion |
|
Critical Metals Corp. Ordinary Shares
NASDAQ:CRML
|
$1.11 Billion |
|
CONMED Corporation
NYSE:CNMD
|
$1.11 Billion |
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: 1.88x
- 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 25.88x to 1.88x 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¥5.12 | x |
| 2009-12-31 | CN¥0.23 | CN¥5.12 | x |
| 2010-12-31 | CN¥0.33 | CN¥5.12 | x |
| 2011-12-31 | CN¥0.95 | CN¥5.12 | x |
| 2012-12-31 | CN¥0.92 | CN¥5.12 | x |
| 2013-12-31 | CN¥0.98 | CN¥5.12 | x |
| 2014-12-31 | CN¥1.05 | CN¥5.12 | x |
| 2015-12-31 | CN¥1.60 | CN¥5.12 | x |
| 2016-12-31 | CN¥1.42 | CN¥5.12 | x |
| 2017-12-31 | CN¥1.48 | CN¥5.12 | x |
| 2018-12-31 | CN¥1.52 | CN¥5.12 | x |
| 2019-12-31 | CN¥1.48 | CN¥5.12 | x |
| 2020-12-31 | CN¥1.60 | CN¥5.12 | x |
| 2021-12-31 | CN¥2.09 | CN¥5.12 | x |
| 2022-12-31 | CN¥2.29 | CN¥5.12 | x |
| 2023-12-31 | CN¥2.61 | CN¥5.12 | x |
| 2024-12-31 | CN¥2.72 | CN¥5.12 | 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: $1,841,842,259
- Average return on equity (ROE) among peers: 0.31%
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 | $1.11 Billion |
| Huayi Compressor Co Ltd (000404) | $4.62 Billion | 6.27% | 1.54x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.13 Billion | 6.92% | 0.56x | $520.37 Million |
| Changchai Co Ltd (000570) | $1.31 Billion | 18.21% | 1.00x | $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) | $292.46 Million | 7.04% | 2.58x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $1.36 Billion | 7.59% | 0.66x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.12 Billion | 3.00% | 0.28x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About 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