Zhong Fu Tong Co Ltd (300560) - Net Assets

Latest as of March 2026: CN¥909.81 Million CNY ≈ $133.13 Million USD

Based on the latest financial reports, Zhong Fu Tong Co Ltd (300560) has net assets worth CN¥909.81 Million CNY (≈ $133.13 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¥2.55 Billion ≈ $373.59 Million USD) and total liabilities (CN¥1.64 Billion ≈ $240.45 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 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥909.81 Million
% of Total Assets	35.64%
Annual Growth Rate	16.57%
5-Year Change	-18.66%
10-Year Change	98.81%
Growth Volatility	25.62

Zhong Fu Tong Co Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Zhong Fu Tong Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhong Fu Tong Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Zhong Fu Tong Co Ltd (2011–2025)

The table below shows the annual net assets of Zhong Fu Tong Co Ltd from 2011 to 2025. For live valuation and market cap data, see market value of Zhong Fu Tong Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥899.10 Million ≈ $131.57 Million	-6.76%
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	--

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 494.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥150.81 Million	17.15%
Other Components	CN¥728.30 Million	82.85%
Total Equity	CN¥879.10 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
China Oil HBP Science & Technology Co Ltd SHE:002554	$630.38 Million
Südwestdeutsche Salzwerke AG F:SSH	$630.45 Million
Grenke AG XETRA:GLJ	$630.58 Million
Beijing Beilu Pharmaceutical SHE:300016	$630.92 Million
Shanghai Kinlita Chemical Co SHE:300225	$630.31 Million
Leong Hup International Berhad KLSE:6633	$630.06 Million
Zhejiang Yuejian Intelligent Equipment Co Ltd SHG:603095	$629.63 Million
Universal Cement Corp TW:1104	$629.56 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 2024 to 2025, total equity changed from 952,057,392 to 879,102,243, a change of -72,955,149 (-7.7%).
Net loss of 76,209,308 reduced equity.
Dividend payments of 27,683,690 reduced retained earnings.
Other factors increased equity by 30,937,849.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-76.21 Million	-8.67%
Dividends Paid	CN¥27.68 Million	-3.15%
Other Changes	CN¥30.94 Million	+3.52%
Total Change	CN¥-	-7.66%

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: 4.90x
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 7.34x to 4.90x 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¥18.75	x
2018-12-31	CN¥2.82	CN¥18.75	x
2019-12-31	CN¥3.07	CN¥18.75	x
2020-12-31	CN¥4.62	CN¥18.75	x
2021-12-31	CN¥4.78	CN¥18.75	x
2022-12-31	CN¥4.90	CN¥18.75	x
2023-12-31	CN¥4.69	CN¥18.75	x
2024-12-31	CN¥4.14	CN¥18.75	x
2025-12-31	CN¥3.83	CN¥18.75	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): -8.67%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.69%
• Asset Turnover: 0.45x
• Equity Multiplier: 2.86x
Recent ROE (-8.67%) is below the historical average (3.80%), 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
2025	-8.67%	-6.69%	0.45x	2.86x	CN¥-164.12 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: $1,213,154,787
Average return on equity (ROE) among peers: 6.35%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhong Fu Tong Co Ltd (300560)	CN¥909.81 Million	13.08%	1.81x	$630.35 Million
Beijing Bewinner Communications Co Ltd (002148)	$1.13 Billion	-2.52%	0.10x	$511.02 Million
Net263 Ltd (002467)	$2.02 Billion	3.39%	0.17x	$1.04 Billion
Runjian Communication Co Ltd Class A (002929)	$946.00 Million	18.90%	1.02x	$2.58 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025)	$800.19 Million	-16.68%	2.76x	$336.52 Million
Dingli Communications Corp Ltd (300050)	$2.42 Billion	1.07%	0.27x	$537.37 Million
Fuchun Technology Co Ltd (300299)	$531.11 Million	14.13%	0.92x	$514.15 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766)	$1.13 Billion	21.95%	0.08x	$1.39 Billion
NOVA Technology Corporation Limited (300921)	$805.10 Million	9.45%	0.14x	$598.69 Million
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959)	$1.13 Billion	7.48%	0.04x	$1.88 Billion

About Zhong Fu Tong Co Ltd

SHE:300560 China Telecom Services

Market Cap

$630.35 Million

CN¥4.31 Billion CNY

Market Cap Rank

#11232 Global

#3188 in China

Share Price

CN¥18.75

Change (1 day)

+10.49%

52-Week Range

CN¥12.49 - CN¥22.91

All Time High

CN¥35.29