Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) - Net Assets
Based on the latest financial reports, Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) has net assets worth CN¥1.57 Billion CNY (≈ $230.19 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¥1.80 Billion ≈ $263.69 Million USD) and total liabilities (CN¥228.94 Million ≈ $33.50 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 Merit Interactive Network Techn (300766) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.57 Billion |
| % of Total Assets | 87.3% |
| Annual Growth Rate | 45.42% |
| 5-Year Change | -8.42% |
| 10-Year Change | 116.36% |
| Growth Volatility | 517.05 |
Zhejiang Merit Interactive Network Technology Co Ltd Class A - Net Assets Trend (2014–2025)
This chart illustrates how Zhejiang Merit Interactive Network Technology Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Zhejiang Merit Interactive Network Techn.
Annual Net Assets for Zhejiang Merit Interactive Network Technology Co Ltd Class A (2014–2025)
The table below shows the annual net assets of Zhejiang Merit Interactive Network Technology Co Ltd Class A from 2014 to 2025. Also explore 300766 net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.59 Billion ≈ $232.61 Million |
+0.61% |
| 2024-12-31 | CN¥1.58 Billion ≈ $231.21 Million |
-5.46% |
| 2023-12-31 | CN¥1.67 Billion ≈ $244.56 Million |
-3.71% |
| 2022-12-31 | CN¥1.74 Billion ≈ $253.98 Million |
0.00% |
| 2021-12-31 | CN¥1.74 Billion ≈ $253.99 Million |
+1.33% |
| 2020-12-31 | CN¥1.71 Billion ≈ $250.67 Million |
+1.78% |
| 2019-12-31 | CN¥1.68 Billion ≈ $246.28 Million |
+48.47% |
| 2018-12-31 | CN¥1.13 Billion ≈ $165.88 Million |
+28.66% |
| 2017-12-31 | CN¥881.08 Million ≈ $128.93 Million |
+19.92% |
| 2016-12-31 | CN¥734.72 Million ≈ $107.51 Million |
+48.77% |
| 2015-12-31 | CN¥493.86 Million ≈ $72.27 Million |
+1811.35% |
| 2014-12-31 | CN¥25.84 Million ≈ $3.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Merit Interactive Network Technology Co Ltd Class A'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 45095397420.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥392.16 Million | 24.80% |
| Other Components | CN¥1.19 Billion | 75.20% |
| Total Equity | CN¥1.58 Billion | 100.00% |
Zhejiang Merit Interactive Network Technology Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Zhejiang Merit Interactive Network Technology Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rusta AB (publ)
ST:RUSTA
|
$1.25 Billion |
|
Camel Group Co Ltd
SHG:601311
|
$1.25 Billion |
|
UTI Asset Management Company Limited
NSE:UTIAMC
|
$1.25 Billion |
|
Genimous Technology Co Ltd
SHE:000676
|
$1.25 Billion |
|
Norconsult ASA
OL:NORCO
|
$1.25 Billion |
|
Shoals Technologies Group Inc
NASDAQ:SHLS
|
$1.25 Billion |
|
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A
SHG:688190
|
$1.25 Billion |
|
Landis+Gyr Group AG
SW:LAND
|
$1.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Merit Interactive Network Technology Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,566,912,560 to 1,581,479,809, a change of 14,567,249 (0.9%).
- Net loss of 34,990,509 reduced equity.
- Other comprehensive income decreased equity by 96,016,763.
- Other factors increased equity by 145,574,521.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-34.99 Million | -2.21% |
| Other Comprehensive Income | CN¥-96.02 Million | -6.07% |
| Other Changes | CN¥145.57 Million | +9.2% |
| Total Change | CN¥- | 0.93% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Merit Interactive Network Technology Co Ltd Class A'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: 5.40x
- 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 287.43x to 5.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥0.08 | CN¥21.65 | x |
| 2015-12-31 | CN¥1.44 | CN¥21.65 | x |
| 2016-12-31 | CN¥2.14 | CN¥21.65 | x |
| 2017-12-31 | CN¥2.46 | CN¥21.65 | x |
| 2018-12-31 | CN¥3.13 | CN¥21.65 | x |
| 2019-12-31 | CN¥4.17 | CN¥21.65 | x |
| 2020-12-31 | CN¥4.20 | CN¥21.65 | x |
| 2021-12-31 | CN¥4.29 | CN¥21.65 | x |
| 2022-12-31 | CN¥4.48 | CN¥21.65 | x |
| 2023-12-31 | CN¥4.22 | CN¥21.65 | x |
| 2024-12-31 | CN¥4.11 | CN¥21.65 | x |
| 2025-12-31 | CN¥4.01 | CN¥21.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Merit Interactive Network Technology Co Ltd Class A 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): -2.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.79%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.18x
- Recent ROE (-2.21%) is below the historical average (1.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -29.37% | -45.72% | 0.37x | 1.73x | CN¥-10.17 Million |
| 2015 | 2.19% | 13.92% | 0.14x | 1.10x | CN¥-38.57 Million |
| 2016 | 4.67% | 19.39% | 0.23x | 1.04x | CN¥-39.12 Million |
| 2017 | 16.67% | 44.10% | 0.35x | 1.07x | CN¥58.74 Million |
| 2018 | 22.02% | 46.13% | 0.44x | 1.08x | CN¥135.80 Million |
| 2019 | 4.56% | 15.17% | 0.28x | 1.09x | CN¥-90.72 Million |
| 2020 | 4.29% | 14.35% | 0.24x | 1.23x | CN¥-95.78 Million |
| 2021 | 6.76% | 19.00% | 0.29x | 1.25x | CN¥-54.63 Million |
| 2022 | 1.56% | 5.00% | 0.24x | 1.28x | CN¥-142.06 Million |
| 2023 | -3.08% | -11.61% | 0.21x | 1.26x | CN¥-212.04 Million |
| 2024 | -4.13% | -13.77% | 0.25x | 1.18x | CN¥-221.45 Million |
| 2025 | -2.21% | -6.79% | 0.28x | 1.18x | CN¥-193.14 Million |
Industry Comparison
This section compares Zhejiang Merit Interactive Network Technology Co Ltd Class A's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $865,450,907
- Average return on equity (ROE) among peers: 16.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | CN¥1.57 Billion | -29.37% | 0.15x | $1.25 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $78.61 Million | 34.40% | 0.20x | $512.65 Million |
| Net263 Ltd (002467) | $1.29 Billion | 20.55% | 0.22x | $970.07 Million |
| Runjian Communication Co Ltd Class A (002929) | $323.75 Million | 21.23% | 1.10x | $2.14 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $762.52 Million | 1.43% | 1.61x | $435.55 Million |
| Dingli Communications Corp Ltd (300050) | $2.80 Billion | 4.00% | 0.26x | $592.38 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $547.49 Million |
| Zhong Fu Tong Co Ltd (300560) | $634.09 Million | 8.97% | 0.89x | $577.91 Million |
| NOVA Technology Corporation Limited (300921) | $201.32 Million | 35.71% | 0.40x | $433.55 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.17 Billion | 4.30% | 0.15x | $1.07 Billion |
About Zhejiang Merit Interactive Network Technology Co Ltd Class A
Merit Interactive Co.,Ltd. operates as a professional data intelligent service provider in China. It provides push messaging, overseas push, AI application workshop, one-click authentication, and visual intelligent tools, as well as marketing data panel and population data tools. The company also operates user insight and data analysis platforms, as well as message centers. In addition, it offers… Read more