Shandong Zhongji Electrical Equipment Co Ltd
Zhongji Innolight Co., Ltd. engages in the design, research and development, production, and sales optical communication transceiver modules and optical devices in China. The company was formerly known as Shandong Zhongji Electrical Equipment Co., Ltd and changed its name to Zhongji Innolight Co., Ltd. in September 2017. Zhongji Innolight Co., Ltd. was founded in 2005 and is headquartered in Long… Read more
Shandong Zhongji Electrical Equipment Co Ltd (300308) - Net Assets
Latest net assets as of September 2025: CN¥28.02 Billion CNY
Based on the latest financial reports, Shandong Zhongji Electrical Equipment Co Ltd (300308) has net assets worth CN¥28.02 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¥39.73 Billion) and total liabilities (CN¥11.71 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¥28.02 Billion |
| % of Total Assets | 70.53% |
| Annual Growth Rate | 41.95% |
| 5-Year Change | 153.87% |
| 10-Year Change | 3601.67% |
| Growth Volatility | 147.41 |
Shandong Zhongji Electrical Equipment Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Zhongji Electrical Equipment 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 Shandong Zhongji Electrical Equipment Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Zhongji Electrical Equipment Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.29 Billion | +37.35% |
| 2023-12-31 | CN¥14.77 Billion | +22.42% |
| 2022-12-31 | CN¥12.07 Billion | +4.02% |
| 2021-12-31 | CN¥11.60 Billion | +45.16% |
| 2020-12-31 | CN¥7.99 Billion | +15.41% |
| 2019-12-31 | CN¥6.93 Billion | +45.01% |
| 2018-12-31 | CN¥4.78 Billion | +19.24% |
| 2017-12-31 | CN¥4.01 Billion | +620.76% |
| 2016-12-31 | CN¥555.78 Million | +1.38% |
| 2015-12-31 | CN¥548.21 Million | +0.60% |
| 2014-12-31 | CN¥544.96 Million | +2.95% |
| 2013-12-31 | CN¥529.34 Million | +1.62% |
| 2012-12-31 | CN¥520.92 Million | +151.77% |
| 2011-12-31 | CN¥206.90 Million | +32.89% |
| 2010-12-31 | CN¥155.69 Million | +81.20% |
| 2009-12-31 | CN¥85.92 Million | +15.10% |
| 2008-12-31 | CN¥74.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Zhongji Electrical Equipment 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 18272.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.62 Billion | 55.53% |
| Common Stock | CN¥1.12 Billion | 5.86% |
| Other Comprehensive Income | CN¥51.93 Million | 0.27% |
| Other Components | CN¥7.34 Billion | 38.34% |
| Total Equity | CN¥19.13 Billion | 100.00% |
Shandong Zhongji Electrical Equipment Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Zhongji Electrical Equipment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canadian National Railway Company
NYSE:CNI
|
$58.49 Billion |
|
National Australia Bank Ltd
PINK:NAUBF
|
$58.68 Billion |
|
Rheinmetall AG
PINK:RNMBF
|
$58.68 Billion |
|
The Southern Company
NASDAQ:SOMN
|
$58.74 Billion |
|
Snowflake Inc.
NYSE:SNOW
|
$57.95 Billion |
|
Manulife Financial Corp
NYSE:MFC
|
$57.82 Billion |
|
Bharti Airtel Limited
NSE:BHARTIARTL
|
$57.71 Billion |
|
Sempra Energy
NYSE:SRE
|
$57.10 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Zhongji Electrical Equipment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,261,022,312 to 19,133,887,012, a change of 4,872,864,700 (34.2%).
- Net income of 5,171,485,972 contributed positively to equity growth.
- Dividend payments of 398,798,831 reduced retained earnings.
- Other comprehensive income increased equity by 13,249,879.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.17 Billion | +27.03% |
| Dividends Paid | CN¥398.80 Million | -2.08% |
| Other Comprehensive Income | CN¥13.25 Million | +0.07% |
| Other Changes | CN¥86.93 Million | +0.45% |
| Total Change | CN¥- | 34.17% |
Book Value vs Market Value Analysis
This analysis compares Shandong Zhongji Electrical Equipment 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: 31.66x
- 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 2070.36x to 31.66x 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¥0.26 | CN¥543.00 | x |
| 2009-12-31 | CN¥0.30 | CN¥543.00 | x |
| 2010-12-31 | CN¥0.52 | CN¥543.00 | x |
| 2011-12-31 | CN¥0.65 | CN¥543.00 | x |
| 2012-12-31 | CN¥2.36 | CN¥543.00 | x |
| 2013-12-31 | CN¥2.28 | CN¥543.00 | x |
| 2014-12-31 | CN¥1.36 | CN¥543.00 | x |
| 2015-12-31 | CN¥1.50 | CN¥543.00 | x |
| 2016-12-31 | CN¥1.31 | CN¥543.00 | x |
| 2017-12-31 | CN¥6.33 | CN¥543.00 | x |
| 2018-12-31 | CN¥5.20 | CN¥543.00 | x |
| 2019-12-31 | CN¥7.03 | CN¥543.00 | x |
| 2020-12-31 | CN¥7.94 | CN¥543.00 | x |
| 2021-12-31 | CN¥11.32 | CN¥543.00 | x |
| 2022-12-31 | CN¥10.74 | CN¥543.00 | x |
| 2023-12-31 | CN¥12.93 | CN¥543.00 | x |
| 2024-12-31 | CN¥17.15 | CN¥543.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Zhongji Electrical Equipment 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): 27.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.67%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 1.51x
- Recent ROE (27.03%) is above the historical average (13.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 40.83% | 34.40% | 0.68x | 1.74x | CN¥23.01 Million |
| 2009 | 36.40% | 34.60% | 0.59x | 1.77x | CN¥22.68 Million |
| 2010 | 26.92% | 33.93% | 0.56x | 1.42x | CN¥26.35 Million |
| 2011 | 24.75% | 31.60% | 0.55x | 1.42x | CN¥30.52 Million |
| 2012 | 5.52% | 24.67% | 0.21x | 1.05x | CN¥-23.32 Million |
| 2013 | 2.69% | 15.73% | 0.12x | 1.40x | CN¥-38.69 Million |
| 2014 | 1.50% | 6.88% | 0.18x | 1.20x | CN¥-46.33 Million |
| 2015 | 1.02% | 4.61% | 0.19x | 1.17x | CN¥-49.23 Million |
| 2016 | 1.81% | 7.64% | 0.21x | 1.14x | CN¥-45.52 Million |
| 2017 | 4.03% | 6.85% | 0.30x | 1.95x | CN¥-239.08 Million |
| 2018 | 13.05% | 12.08% | 0.64x | 1.69x | CN¥145.47 Million |
| 2019 | 7.41% | 10.79% | 0.45x | 1.51x | CN¥-179.13 Million |
| 2020 | 10.97% | 12.28% | 0.52x | 1.73x | CN¥76.56 Million |
| 2021 | 7.63% | 11.40% | 0.46x | 1.44x | CN¥-271.92 Million |
| 2022 | 10.25% | 12.69% | 0.58x | 1.39x | CN¥29.47 Million |
| 2023 | 15.24% | 20.28% | 0.54x | 1.40x | CN¥747.43 Million |
| 2024 | 27.03% | 21.67% | 0.83x | 1.51x | CN¥3.26 Billion |
Industry Comparison
This section compares Shandong Zhongji Electrical Equipment Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,522,000,668
- Average return on equity (ROE) among peers: -3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Zhongji Electrical Equipment Co Ltd (300308) | CN¥28.02 Billion | 40.83% | 0.42x | $58.48 Billion |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |
| Bus Online Co Ltd (002188) | $2.09 Billion | 4.47% | 0.13x | $193.28 Million |