Yantai Zhenghai Magnetic Mat
Yantai Zhenghai Magnetic Material Co., Ltd. engages in the research and development, manufacturing, and sale of rare earth permanent magnet materials and components in the People's Republic of China. Yantai Zhenghai Magnetic Material Co., Ltd. was incorporated in 2000 and is based in Yantai, China.
Yantai Zhenghai Magnetic Mat (300224) - Net Assets
Latest net assets as of September 2025: CN¥5.10 Billion CNY
Based on the latest financial reports, Yantai Zhenghai Magnetic Mat (300224) has net assets worth CN¥5.10 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¥8.74 Billion) and total liabilities (CN¥3.64 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¥5.10 Billion |
| % of Total Assets | 58.37% |
| Annual Growth Rate | 24.79% |
| 5-Year Change | 50.47% |
| 10-Year Change | 90.23% |
| Growth Volatility | 83.75 |
Yantai Zhenghai Magnetic Mat - Net Assets Trend (2008–2024)
This chart illustrates how Yantai Zhenghai Magnetic Mat's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Yantai Zhenghai Magnetic Mat (2008–2024)
The table below shows the annual net assets of Yantai Zhenghai Magnetic Mat from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.99 Billion | +1.80% |
| 2023-12-31 | CN¥3.92 Billion | +6.76% |
| 2022-12-31 | CN¥3.67 Billion | +29.68% |
| 2021-12-31 | CN¥2.83 Billion | +6.77% |
| 2020-12-31 | CN¥2.65 Billion | -0.08% |
| 2019-12-31 | CN¥2.65 Billion | -1.80% |
| 2018-12-31 | CN¥2.70 Billion | -10.18% |
| 2017-12-31 | CN¥3.01 Billion | +29.00% |
| 2016-12-31 | CN¥2.33 Billion | +11.19% |
| 2015-12-31 | CN¥2.10 Billion | +36.68% |
| 2014-12-31 | CN¥1.53 Billion | +7.12% |
| 2013-12-31 | CN¥1.43 Billion | +4.71% |
| 2012-12-31 | CN¥1.37 Billion | +7.00% |
| 2011-12-31 | CN¥1.28 Billion | +352.66% |
| 2010-12-31 | CN¥282.50 Million | +59.47% |
| 2009-12-31 | CN¥177.15 Million | +53.55% |
| 2008-12-31 | CN¥115.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yantai Zhenghai Magnetic Mat'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 37395.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.11 Billion | 28.17% |
| Common Stock | CN¥837.71 Million | 21.20% |
| Other Components | CN¥2.00 Billion | 50.63% |
| Total Equity | CN¥3.95 Billion | 100.00% |
Yantai Zhenghai Magnetic Mat Competitors by Market Cap
The table below lists competitors of Yantai Zhenghai Magnetic Mat ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hefei Metalforming Mach Tool
SHG:603011
|
$1.13 Billion |
|
Huafon Microfibre Shanghai Co
SHE:300180
|
$1.13 Billion |
|
Guangdong Provincial Expressway Development Co Ltd
SHE:200429
|
$1.13 Billion |
|
Riyue Heavy Industry Co Ltd
SHG:603218
|
$1.13 Billion |
|
FLAT GLASS GROUP H YC-25
F:72T
|
$1.13 Billion |
|
Jolywood Suzhou Sunwatt Co Ltd
SHE:300393
|
$1.13 Billion |
|
State Grid Yingda Co Ltd
SHG:600517
|
$1.13 Billion |
|
Cencosud Shopping SA
SN:CENCOMALLS
|
$1.13 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yantai Zhenghai Magnetic Mat's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,877,655,386 to 3,951,225,733, a change of 73,570,347 (1.9%).
- Net income of 92,340,224 contributed positively to equity growth.
- Dividend payments of 170,306,907 reduced retained earnings.
- Other factors increased equity by 151,537,030.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥92.34 Million | +2.34% |
| Dividends Paid | CN¥170.31 Million | -4.31% |
| Other Changes | CN¥151.54 Million | +3.84% |
| Total Change | CN¥- | 1.90% |
Book Value vs Market Value Analysis
This analysis compares Yantai Zhenghai Magnetic Mat'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: 3.37x
- 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 72.12x to 3.37x 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¥0.22 | CN¥15.86 | x |
| 2009-12-31 | CN¥0.34 | CN¥15.86 | x |
| 2010-12-31 | CN¥0.55 | CN¥15.86 | x |
| 2011-12-31 | CN¥2.09 | CN¥15.86 | x |
| 2012-12-31 | CN¥1.97 | CN¥15.86 | x |
| 2013-12-31 | CN¥2.01 | CN¥15.86 | x |
| 2014-12-31 | CN¥2.20 | CN¥15.86 | x |
| 2015-12-31 | CN¥2.75 | CN¥15.86 | x |
| 2016-12-31 | CN¥2.96 | CN¥15.86 | x |
| 2017-12-31 | CN¥3.49 | CN¥15.86 | x |
| 2018-12-31 | CN¥3.25 | CN¥15.86 | x |
| 2019-12-31 | CN¥3.27 | CN¥15.86 | x |
| 2020-12-31 | CN¥3.18 | CN¥15.86 | x |
| 2021-12-31 | CN¥3.40 | CN¥15.86 | x |
| 2022-12-31 | CN¥4.42 | CN¥15.86 | x |
| 2023-12-31 | CN¥4.77 | CN¥15.86 | x |
| 2024-12-31 | CN¥4.71 | CN¥15.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yantai Zhenghai Magnetic Mat 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): 2.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.67%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.22x
- Recent ROE (2.34%) is below the historical average (11.02%), 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 | 13.79% | 7.25% | 0.62x | 3.06x | CN¥4.31 Million |
| 2009 | 35.92% | 16.28% | 0.76x | 2.92x | CN¥45.92 Million |
| 2010 | 37.29% | 15.70% | 0.73x | 3.25x | CN¥77.10 Million |
| 2011 | 16.43% | 17.91% | 0.63x | 1.45x | CN¥82.21 Million |
| 2012 | 11.02% | 18.27% | 0.44x | 1.37x | CN¥13.71 Million |
| 2013 | 5.58% | 14.16% | 0.29x | 1.36x | CN¥-61.52 Million |
| 2014 | 7.58% | 14.70% | 0.38x | 1.36x | CN¥-36.18 Million |
| 2015 | 7.76% | 11.54% | 0.46x | 1.45x | CN¥-45.59 Million |
| 2016 | 8.43% | 12.02% | 0.50x | 1.42x | CN¥-35.46 Million |
| 2017 | 3.44% | 8.52% | 0.31x | 1.30x | CN¥-193.57 Million |
| 2018 | -3.08% | -4.85% | 0.45x | 1.41x | CN¥-346.64 Million |
| 2019 | 3.56% | 5.18% | 0.50x | 1.38x | CN¥-168.28 Million |
| 2020 | 5.09% | 6.81% | 0.49x | 1.52x | CN¥-128.15 Million |
| 2021 | 9.50% | 7.87% | 0.66x | 1.83x | CN¥-13.95 Million |
| 2022 | 11.14% | 6.40% | 0.71x | 2.45x | CN¥41.23 Million |
| 2023 | 11.54% | 7.62% | 0.70x | 2.16x | CN¥59.74 Million |
| 2024 | 2.34% | 1.67% | 0.63x | 2.22x | CN¥-302.78 Million |
Industry Comparison
This section compares Yantai Zhenghai Magnetic Mat's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yantai Zhenghai Magnetic Mat (300224) | CN¥5.10 Billion | 13.79% | 0.71x | $1.13 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |