Zhong Fu Tong Co Ltd (300560) - Net Assets
Based on the latest financial reports, Zhong Fu Tong Co Ltd (300560) has net assets worth CN¥975.47 Million CNY (≈ $142.74 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¥2.52 Billion ≈ $369.23 Million USD) and total liabilities (CN¥1.55 Billion ≈ $226.49 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 300560 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥975.47 Million |
| % of Total Assets | 38.66% |
| Annual Growth Rate | 18.59% |
| 5-Year Change | -9.45% |
| 10-Year Change | 263.39% |
| Growth Volatility | 25.53 |
Zhong Fu Tong Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhong Fu Tong Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300560 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhong Fu Tong Co Ltd (2011–2024)
The table below shows the annual net assets of Zhong Fu Tong Co Ltd from 2011 to 2024. For live valuation and market cap data, see market value of Zhong Fu Tong Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥964.25 Million ≈ $141.10 Million |
-12.35% |
| 2023-12-31 | CN¥1.10 Billion ≈ $160.98 Million |
-3.58% |
| 2022-12-31 | CN¥1.14 Billion ≈ $166.96 Million |
+3.23% |
| 2021-12-31 | CN¥1.11 Billion ≈ $161.74 Million |
+3.79% |
| 2020-12-31 | CN¥1.06 Billion ≈ $155.83 Million |
+67.94% |
| 2019-12-31 | CN¥634.09 Million ≈ $92.79 Million |
+9.71% |
| 2018-12-31 | CN¥577.98 Million ≈ $84.58 Million |
+19.55% |
| 2017-12-31 | CN¥483.47 Million ≈ $70.75 Million |
+6.90% |
| 2016-12-31 | CN¥452.25 Million ≈ $66.18 Million |
+70.43% |
| 2015-12-31 | CN¥265.35 Million ≈ $38.83 Million |
+14.96% |
| 2014-12-31 | CN¥230.82 Million ≈ $33.78 Million |
+16.89% |
| 2013-12-31 | CN¥197.46 Million ≈ $28.90 Million |
+21.73% |
| 2012-12-31 | CN¥162.22 Million ≈ $23.74 Million |
+54.37% |
| 2011-12-31 | CN¥105.08 Million ≈ $15.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhong Fu Tong 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 794.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥227.02 Million | 23.84% |
| Other Components | CN¥725.04 Million | 76.16% |
| Total Equity | CN¥952.06 Million | 100.00% |
Zhong Fu Tong Co Ltd Competitors by Market Cap
The table below lists competitors of Zhong Fu Tong Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ability Opto-Electronics Technology Co Ltd
TWO:3362
|
$484.68 Million |
|
Guangdong PAK Corporation Co Ltd
SHE:300625
|
$484.78 Million |
|
USI Corp
TW:1304
|
$484.79 Million |
|
Guangdong Modern High Tech Fiber Co
SHE:300876
|
$484.91 Million |
|
POET Technologies Inc
V:PTK
|
$484.32 Million |
|
Nexen Tire
KO:002350
|
$484.20 Million |
|
Kofola CeskoSlovensko as
PR:KOFOL
|
$484.11 Million |
|
Akis Gayrimenkul Yatirim Ortakligi AS
IS:AKSGY
|
$484.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhong Fu Tong Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,077,027,150 to 952,057,392, a change of -124,969,758 (-11.6%).
- Net loss of 122,708,551 reduced equity.
- Dividend payments of 37,163,761 reduced retained earnings.
- Other factors increased equity by 34,902,554.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-122.71 Million | -12.89% |
| Dividends Paid | CN¥37.16 Million | -3.9% |
| Other Changes | CN¥34.90 Million | +3.67% |
| Total Change | CN¥- | -11.60% |
Book Value vs Market Value Analysis
This analysis compares Zhong Fu Tong 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: 3.48x
- 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 5.64x to 3.48x 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¥2.55 | CN¥14.41 | x |
| 2018-12-31 | CN¥2.82 | CN¥14.41 | x |
| 2019-12-31 | CN¥3.07 | CN¥14.41 | x |
| 2020-12-31 | CN¥4.62 | CN¥14.41 | x |
| 2021-12-31 | CN¥4.78 | CN¥14.41 | x |
| 2022-12-31 | CN¥4.90 | CN¥14.41 | x |
| 2023-12-31 | CN¥4.69 | CN¥14.41 | x |
| 2024-12-31 | CN¥4.14 | CN¥14.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhong Fu Tong 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): -12.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.17%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.70x
- Recent ROE (-12.89%) is below the historical average (5.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.08% | 12.15% | 0.75x | 1.43x | CN¥8.18 Million |
| 2016 | 8.44% | 11.55% | 0.60x | 1.22x | CN¥-7.07 Million |
| 2017 | 8.07% | 10.00% | 0.66x | 1.22x | CN¥-9.31 Million |
| 2018 | 10.97% | 10.67% | 0.52x | 1.97x | CN¥5.16 Million |
| 2019 | 9.79% | 7.97% | 0.60x | 2.06x | CN¥-1.24 Million |
| 2020 | 7.91% | 10.43% | 0.40x | 1.89x | CN¥-21.86 Million |
| 2021 | 6.75% | 7.47% | 0.36x | 2.53x | CN¥-35.18 Million |
| 2022 | 3.21% | 3.39% | 0.39x | 2.43x | CN¥-75.83 Million |
| 2023 | -4.90% | -4.11% | 0.47x | 2.53x | CN¥-160.52 Million |
| 2024 | -12.89% | -10.17% | 0.47x | 2.70x | CN¥-217.91 Million |
Industry Comparison
This section compares Zhong Fu Tong Co Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $852,778,517
- Average return on equity (ROE) among peers: -0.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhong Fu Tong Co Ltd (300560) | CN¥975.47 Million | 13.08% | 1.59x | $484.45 Million |
| Beijing Bewinner Communications Co Ltd (002148) | $1.22 Billion | 10.61% | 0.11x | $645.38 Million |
| Net263 Ltd (002467) | $132.02 Million | 11.11% | 0.91x | $1.37 Billion |
| Runjian Communication Co Ltd Class A (002929) | $1.19 Billion | 20.13% | 1.01x | $2.48 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $458.15 Million | 6.12% | 0.99x | $428.10 Million |
| Dingli Communications Corp Ltd (300050) | $686.15 Million | -55.19% | 0.54x | $582.02 Million |
| Fuchun Technology Co Ltd (300299) | $406.51 Million | 2.82% | 0.14x | $622.24 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.58 Billion | -4.10% | 0.17x | $1.69 Billion |
| NOVA Technology Corporation Limited (300921) | $812.59 Million | 2.25% | 0.17x | $724.56 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.19 Billion | 2.22% | 0.12x | $1.11 Billion |
About Zhong Fu Tong Co Ltd
Zhong Fu Tong Group Co., Ltd. provides communication network construction, maintenance, and optimization services in China. It provides communication network construction, maintenance, and optimization services for telecom operators, communication equipment vendors, radio, and television networks; and technical services, such as communication network engineering construction, construction integra… Read more