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¥1.58 Billion CNY (≈ $231.20 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.77 Billion ≈ $259.00 Million USD) and total liabilities (CN¥189.93 Million ≈ $27.79 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 asset resilience ratio of Zhejiang Merit Interactive Network Techn to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.58 Billion |
| % of Total Assets | 89.27% |
| Annual Growth Rate | 50.87% |
| 5-Year Change | -7.76% |
| 10-Year Change | 219.94% |
| Growth Volatility | 539.1 |
Zhejiang Merit Interactive Network Technology Co Ltd Class A - Net Assets Trend (2014–2024)
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. Also explore 300766 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Merit Interactive Network Technology Co Ltd Class A (2014–2024)
The table below shows the annual net assets of Zhejiang Merit Interactive Network Technology Co Ltd Class A from 2014 to 2024. For live valuation and market cap data, see 300766 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 48594448332.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥427.15 Million | 27.26% |
| Common Stock | CN¥392.17 Million | 25.03% |
| Other Comprehensive Income | CN¥96.02 Million | 6.13% |
| Other Components | CN¥651.57 Million | 41.58% |
| Total Equity | CN¥1.57 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 |
|---|---|
|
City Holding Company
NASDAQ:CHCO
|
$1.69 Billion |
|
Stolt-Nielsen Limited
OL:SNI
|
$1.69 Billion |
|
Cyrela Brazil Realty S.A. Empreendimentos e Participações
SA:CYRE3
|
$1.69 Billion |
|
Shenzhen Clou Electronics Co Ltd
SHE:002121
|
$1.69 Billion |
|
Emlak Konut Gayrimenkul Yatirim Ortakligi AS
IS:EKGYO
|
$1.69 Billion |
|
Porton Fine Chemicals Ltd
SHE:300363
|
$1.69 Billion |
|
Shenzhen Gongjin Electn
SHG:603118
|
$1.69 Billion |
|
BillerudKorsnas AB
ST:BILL
|
$1.69 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 2023 to 2024, total equity changed from 1,621,040,935 to 1,566,912,560, a change of -54,128,375 (-3.3%).
- Net loss of 64,755,228 reduced equity.
- Dividend payments of 578,173 reduced retained earnings.
- Other comprehensive income increased equity by 11,723,251.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-64.76 Million | -4.13% |
| Dividends Paid | CN¥578.17K | -0.04% |
| Other Comprehensive Income | CN¥11.72 Million | +0.75% |
| Other Changes | CN¥-518.23K | -0.03% |
| Total Change | CN¥- | -3.34% |
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: 7.10x
- 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 387.94x to 7.10x 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¥29.22 | x |
| 2015-12-31 | CN¥1.44 | CN¥29.22 | x |
| 2016-12-31 | CN¥2.14 | CN¥29.22 | x |
| 2017-12-31 | CN¥2.46 | CN¥29.22 | x |
| 2018-12-31 | CN¥3.13 | CN¥29.22 | x |
| 2019-12-31 | CN¥4.17 | CN¥29.22 | x |
| 2020-12-31 | CN¥4.20 | CN¥29.22 | x |
| 2021-12-31 | CN¥4.29 | CN¥29.22 | x |
| 2022-12-31 | CN¥4.29 | CN¥29.22 | x |
| 2023-12-31 | CN¥4.22 | CN¥29.22 | x |
| 2024-12-31 | CN¥4.11 | CN¥29.22 | 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): -4.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.77%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.18x
- Recent ROE (-4.13%) is below the historical average (2.38%), 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 |
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: $825,910,209
- Average return on equity (ROE) among peers: 12.22%
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¥1.58 Billion | -29.37% | 0.12x | $1.69 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $108.27 Million | 29.09% | 0.24x | $645.38 Million |
| Net263 Ltd (002467) | $266.09 Million | 26.44% | 0.25x | $1.37 Billion |
| Runjian Communication Co Ltd Class A (002929) | $4.46 Billion | 9.51% | 1.85x | $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) | $115.28 Million | 33.82% | 0.40x | $582.02 Million |
| Fuchun Technology Co Ltd (300299) | $435.77 Million | -31.41% | 1.24x | $622.24 Million |
| Zhong Fu Tong Co Ltd (300560) | $452.25 Million | 8.44% | 0.22x | $484.45 Million |
| NOVA Technology Corporation Limited (300921) | $812.59 Million | 2.25% | 0.17x | $724.56 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $324.28 Million | 25.69% | 0.34x | $1.11 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, one-click authentication, and visual intelligent tools; and marketing counting and population counting data studio tools. The company also operates user insight and data analysis platform, and message centers. In addition, it offers data middle office, brand marketing, int… Read more