Zhejiang Canaan Technology Co Ltd (300412) - Net Assets
Based on the latest financial reports, Zhejiang Canaan Technology Co Ltd (300412) has net assets worth CN¥1.08 Billion CNY (≈ $157.95 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.53 Billion ≈ $370.92 Million USD) and total liabilities (CN¥1.46 Billion ≈ $212.97 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 Canaan Technology Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.08 Billion |
| % of Total Assets | 42.58% |
| Annual Growth Rate | 18.15% |
| 5-Year Change | -8.2% |
| 10-Year Change | 42.8% |
| Growth Volatility | 34.84 |
Zhejiang Canaan Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Canaan Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Zhejiang Canaan Technology Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Canaan Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Zhejiang Canaan Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see 300412 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.09 Billion ≈ $159.55 Million |
+0.74% |
| 2024-12-31 | CN¥1.08 Billion ≈ $158.38 Million |
+2.50% |
| 2023-12-31 | CN¥1.06 Billion ≈ $154.52 Million |
-2.54% |
| 2022-12-31 | CN¥1.08 Billion ≈ $158.54 Million |
-8.78% |
| 2021-12-31 | CN¥1.19 Billion ≈ $173.80 Million |
+33.91% |
| 2020-12-31 | CN¥886.93 Million ≈ $129.79 Million |
+5.71% |
| 2019-12-31 | CN¥839.02 Million ≈ $122.77 Million |
+0.21% |
| 2018-12-31 | CN¥837.25 Million ≈ $122.52 Million |
+2.74% |
| 2017-12-31 | CN¥814.93 Million ≈ $119.25 Million |
+6.73% |
| 2016-12-31 | CN¥763.55 Million ≈ $111.73 Million |
+92.56% |
| 2015-12-31 | CN¥396.52 Million ≈ $58.02 Million |
+10.92% |
| 2014-12-31 | CN¥357.47 Million ≈ $52.31 Million |
+110.69% |
| 2013-12-31 | CN¥169.66 Million ≈ $24.83 Million |
+19.70% |
| 2012-12-31 | CN¥141.74 Million ≈ $20.74 Million |
+34.32% |
| 2011-12-31 | CN¥105.53 Million ≈ $15.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Canaan Technology 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 264.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥149.08 Million | 14.18% |
| Other Components | CN¥902.64 Million | 85.82% |
| Total Equity | CN¥1.05 Billion | 100.00% |
Zhejiang Canaan Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Canaan Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National CineMedia Inc
NASDAQ:NCMI
|
$303.07 Million |
|
STI Co. Ltd
KQ:039440
|
$303.11 Million |
|
KNEAT.COM INC.
F:FOBK
|
$303.17 Million |
|
China Lilang Limited
F:5LX
|
$303.18 Million |
|
Funko Inc
NASDAQ:FNKO
|
$302.93 Million |
|
T3EX Global Holdings Corp
TW:2636
|
$302.92 Million |
|
Ritek Corp
TW:2349
|
$302.69 Million |
|
Leysen Jewellery Inc
SHG:603900
|
$302.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Canaan Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,051,947,163 to 1,051,723,600, a change of -223,563 (-0.0%).
- Net income of 29,641,857 contributed positively to equity growth.
- Dividend payments of 42,408,574 reduced retained earnings.
- Other factors increased equity by 12,543,154.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥29.64 Million | +2.82% |
| Dividends Paid | CN¥42.41 Million | -4.03% |
| Other Changes | CN¥12.54 Million | +1.19% |
| Total Change | CN¥- | -0.02% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Canaan Technology 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: 1.97x
- 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 11.81x to 1.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.35 | CN¥4.16 | x |
| 2012-12-31 | CN¥0.47 | CN¥4.16 | x |
| 2013-12-31 | CN¥0.57 | CN¥4.16 | x |
| 2014-12-31 | CN¥0.89 | CN¥4.16 | x |
| 2015-12-31 | CN¥0.99 | CN¥4.16 | x |
| 2016-12-31 | CN¥1.83 | CN¥4.16 | x |
| 2017-12-31 | CN¥1.76 | CN¥4.16 | x |
| 2018-12-31 | CN¥1.79 | CN¥4.16 | x |
| 2019-12-31 | CN¥1.82 | CN¥4.16 | x |
| 2020-12-31 | CN¥1.89 | CN¥4.16 | x |
| 2021-12-31 | CN¥2.46 | CN¥4.16 | x |
| 2022-12-31 | CN¥2.07 | CN¥4.16 | x |
| 2023-12-31 | CN¥2.17 | CN¥4.16 | x |
| 2024-12-31 | CN¥2.03 | CN¥4.16 | x |
| 2025-12-31 | CN¥2.11 | CN¥4.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Canaan Technology 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): 2.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.41x
- Recent ROE (2.82%) is below the historical average (9.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 31.87% | 24.34% | 0.83x | 1.57x | CN¥23.08 Million |
| 2012 | 25.55% | 23.81% | 0.76x | 1.41x | CN¥22.04 Million |
| 2013 | 20.46% | 22.51% | 0.65x | 1.40x | CN¥17.75 Million |
| 2014 | 11.96% | 23.26% | 0.40x | 1.27x | CN¥7.02 Million |
| 2015 | 13.10% | 23.67% | 0.40x | 1.37x | CN¥12.16 Million |
| 2016 | 7.71% | 18.90% | 0.30x | 1.36x | CN¥-16.92 Million |
| 2017 | 5.67% | 9.88% | 0.37x | 1.55x | CN¥-33.61 Million |
| 2018 | 4.29% | 5.81% | 0.43x | 1.73x | CN¥-44.85 Million |
| 2019 | 6.45% | 7.30% | 0.46x | 1.91x | CN¥-28.30 Million |
| 2020 | 8.10% | 6.74% | 0.57x | 2.10x | CN¥-15.88 Million |
| 2021 | 6.51% | 6.96% | 0.46x | 2.04x | CN¥-39.49 Million |
| 2022 | -7.24% | -6.82% | 0.44x | 2.41x | CN¥-179.11 Million |
| 2023 | -2.31% | -2.24% | 0.40x | 2.56x | CN¥-125.00 Million |
| 2024 | 3.45% | 2.62% | 0.56x | 2.36x | CN¥-68.93 Million |
| 2025 | 2.82% | 2.41% | 0.49x | 2.41x | CN¥-75.53 Million |
Industry Comparison
This section compares Zhejiang Canaan Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Canaan Technology Co Ltd (300412) | CN¥1.08 Billion | 31.87% | 1.35x | $303.00 Million |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Zhejiang Canaan Technology Co Ltd
Zhejiang Canaan Technology Limited engages in the research and development, production, and sale of pharmaceutical equipment in China and internationally. The company offers preprocessing module, hybrid module, packaging, attachment, granulation, material transport, cleaning, continuous manufacturing, container, freeze drying system, and fluid module products. It also provides EPCMV turnkey, soli… Read more