Zhejiang Kaier New Materials (300234) - Net Assets
Based on the latest financial reports, Zhejiang Kaier New Materials (300234) has net assets worth CN¥1.14 Billion CNY (≈ $167.54 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¥1.34 Billion ≈ $195.63 Million USD) and total liabilities (CN¥191.97 Million ≈ $28.09 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 Kaier New Materials liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.14 Billion |
| % of Total Assets | 85.64% |
| Annual Growth Rate | 18.35% |
| 5-Year Change | 22.87% |
| 10-Year Change | 94.33% |
| Growth Volatility | 51.52 |
Zhejiang Kaier New Materials - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Kaier New Materials's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Kaier New Materials asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Kaier New Materials (2008–2024)
The table below shows the annual net assets of Zhejiang Kaier New Materials from 2008 to 2024. For live valuation and market cap data, see Zhejiang Kaier New Materials stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.14 Billion ≈ $166.69 Million |
+1.00% |
| 2023-12-31 | CN¥1.13 Billion ≈ $165.04 Million |
+6.38% |
| 2022-12-31 | CN¥1.06 Billion ≈ $155.14 Million |
+6.85% |
| 2021-12-31 | CN¥992.22 Million ≈ $145.19 Million |
+7.03% |
| 2020-12-31 | CN¥927.06 Million ≈ $135.66 Million |
+0.22% |
| 2019-12-31 | CN¥925.00 Million ≈ $135.36 Million |
+0.59% |
| 2018-12-31 | CN¥919.61 Million ≈ $134.57 Million |
-8.26% |
| 2017-12-31 | CN¥1.00 Billion ≈ $146.69 Million |
-0.86% |
| 2016-12-31 | CN¥1.01 Billion ≈ $147.97 Million |
+72.51% |
| 2015-12-31 | CN¥586.16 Million ≈ $85.77 Million |
+10.25% |
| 2014-12-31 | CN¥531.67 Million ≈ $77.80 Million |
+22.97% |
| 2013-12-31 | CN¥432.37 Million ≈ $63.27 Million |
+13.28% |
| 2012-12-31 | CN¥381.69 Million ≈ $55.85 Million |
+2.67% |
| 2011-12-31 | CN¥371.75 Million ≈ $54.40 Million |
+211.45% |
| 2010-12-31 | CN¥119.36 Million ≈ $17.47 Million |
+28.46% |
| 2009-12-31 | CN¥92.92 Million ≈ $13.60 Million |
+20.83% |
| 2008-12-31 | CN¥76.90 Million ≈ $11.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Kaier New Materials'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 2000.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥466.06 Million | 40.87% |
| Other Components | CN¥674.20 Million | 59.13% |
| Total Equity | CN¥1.14 Billion | 100.00% |
Zhejiang Kaier New Materials Competitors by Market Cap
The table below lists competitors of Zhejiang Kaier New Materials ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rogers Sugar Inc.
TO:RSI
|
$628.16 Million |
|
Cashway Technology Co Ltd
SHG:603106
|
$628.39 Million |
|
Once Upon a Farm, PBC
NYSE:OFRM
|
$628.64 Million |
|
BCI Minerals Limited
F:BC3
|
$628.64 Million |
|
Empreendimentos Pague Menos S.A
SA:PGMN3
|
$628.02 Million |
|
China Master Logistics Co Ltd
SHG:603967
|
$628.02 Million |
|
BGRIMM Science and Technology Co Ltd
SHG:600980
|
$627.57 Million |
|
Hanwang Technology Co Ltd
SHE:002362
|
$627.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Kaier New Materials's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,121,349,382 to 1,140,261,913, a change of 18,912,531 (1.7%).
- Net income of 23,730,410 contributed positively to equity growth.
- Dividend payments of 16,322,417 reduced retained earnings.
- Other comprehensive income decreased equity by 72,838,613.
- Other factors increased equity by 84,343,151.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥23.73 Million | +2.08% |
| Dividends Paid | CN¥16.32 Million | -1.43% |
| Other Comprehensive Income | CN¥-72.84 Million | -6.39% |
| Other Changes | CN¥84.34 Million | +7.4% |
| Total Change | CN¥- | 1.69% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Kaier New Materials'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: 3.76x
- 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 4.52x to 3.76x 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¥1.89 | CN¥8.53 | x |
| 2018-12-31 | CN¥1.75 | CN¥8.53 | x |
| 2019-12-31 | CN¥1.75 | CN¥8.53 | x |
| 2020-12-31 | CN¥1.79 | CN¥8.53 | x |
| 2021-12-31 | CN¥1.92 | CN¥8.53 | x |
| 2022-12-31 | CN¥2.07 | CN¥8.53 | x |
| 2023-12-31 | CN¥2.23 | CN¥8.53 | x |
| 2024-12-31 | CN¥2.27 | CN¥8.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Kaier New Materials 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): 2.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.18x
- Recent ROE (2.08%) is below the historical average (9.10%), 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 | 16.99% | 16.88% | 0.66x | 1.52x | CN¥5.38 Million |
| 2009 | 17.24% | 14.67% | 0.62x | 1.89x | CN¥6.73 Million |
| 2010 | 27.30% | 21.45% | 0.85x | 1.50x | CN¥20.65 Million |
| 2011 | 11.76% | 23.92% | 0.44x | 1.12x | CN¥6.54 Million |
| 2012 | 6.77% | 18.22% | 0.33x | 1.11x | CN¥-12.31 Million |
| 2013 | 11.67% | 16.38% | 0.48x | 1.47x | CN¥7.16 Million |
| 2014 | 19.87% | 20.83% | 0.66x | 1.44x | CN¥52.16 Million |
| 2015 | 11.33% | 15.71% | 0.48x | 1.50x | CN¥7.76 Million |
| 2016 | 2.83% | 7.85% | 0.31x | 1.18x | CN¥-71.95 Million |
| 2017 | -0.61% | -1.72% | 0.29x | 1.23x | CN¥-105.11 Million |
| 2018 | -7.78% | -24.68% | 0.24x | 1.29x | CN¥-163.34 Million |
| 2019 | 6.29% | 8.44% | 0.53x | 1.41x | CN¥-34.09 Million |
| 2020 | 8.18% | 16.98% | 0.33x | 1.48x | CN¥-16.67 Million |
| 2021 | 7.29% | 9.15% | 0.55x | 1.46x | CN¥-26.60 Million |
| 2022 | 6.94% | 10.37% | 0.48x | 1.39x | CN¥-32.26 Million |
| 2023 | 6.63% | 12.10% | 0.42x | 1.30x | CN¥-37.75 Million |
| 2024 | 2.08% | 5.29% | 0.33x | 1.18x | CN¥-90.30 Million |
Industry Comparison
This section compares Zhejiang Kaier New Materials's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $15,575,115,143
- Average return on equity (ROE) among peers: 13.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Kaier New Materials (300234) | CN¥1.14 Billion | 16.99% | 0.17x | $628.06 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $1.55 Billion | 1.01% | 1.42x | $10.75 Billion |
| HBIS Co Ltd (000709) | $2.85 Billion | 22.29% | 1.06x | $3.42 Billion |
| Sgis Songshan Co Ltd (000717) | $5.02 Billion | 18.91% | 1.20x | $798.04 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.84 Billion | 1.47% | 2.10x | $1.42 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $14.00 Billion | 9.04% | 1.87x | $2.49 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $30.82 Billion | 16.15% | 1.33x | $3.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $945.38 Million | 15.14% | 9.25x | $655.00 Million |
| Angang Steel Co Ltd Class A (000898) | $29.83 Billion | 23.78% | 0.96x | $2.41 Billion |
| Hunan Valin Steel Co Ltd (000932) | $30.99 Billion | 23.81% | 1.68x | $4.14 Billion |
| Beijing Shougang Co Ltd (000959) | $23.90 Billion | 0.26% | 1.57x | $4.27 Billion |
About Zhejiang Kaier New Materials
Zhejiang Kaier New Materials Co.,Ltd. engages in the design, research, development, manufacture, promotion, and sale of functional enamel materials in China. The company offers interior facade decorative enamel materials, enamel panels, green building curtain wall materials, and industrial protective enamel materials. Its products are mainly used in the construction of public facilities, such as … Read more