Zhejiang Zhengguang Industrial Co. Ltd. (301092) - Net Assets
Based on the latest financial reports, Zhejiang Zhengguang Industrial Co. Ltd. (301092) has net assets worth CN¥1.91 Billion CNY (≈ $279.09 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¥2.17 Billion ≈ $317.88 Million USD) and total liabilities (CN¥265.09 Million ≈ $38.79 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 financial resilience of Zhejiang Zhengguang Industrial Co. Ltd. to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.91 Billion |
| % of Total Assets | 87.8% |
| Annual Growth Rate | 50.54% |
| 5-Year Change | 408.88% |
| 10-Year Change | N/A |
| Growth Volatility | 120.68 |
Zhejiang Zhengguang Industrial Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Zhejiang Zhengguang Industrial Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Zhengguang Industrial Co. Ltd. for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Zhengguang Industrial Co. Ltd. (2019–2024)
The table below shows the annual net assets of Zhejiang Zhengguang Industrial Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see Zhejiang Zhengguang Industrial Co. Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.89 Billion ≈ $275.99 Million |
+3.66% |
| 2023-12-31 | CN¥1.82 Billion ≈ $266.23 Million |
+6.26% |
| 2022-12-31 | CN¥1.71 Billion ≈ $250.56 Million |
+10.88% |
| 2021-12-31 | CN¥1.54 Billion ≈ $225.98 Million |
+316.67% |
| 2020-12-31 | CN¥370.63 Million ≈ $54.23 Million |
+52.04% |
| 2019-12-31 | CN¥243.77 Million ≈ $35.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Zhengguang Industrial 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 447.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥592.52 Million | 31.42% |
| Other Components | CN¥1.29 Billion | 68.58% |
| Total Equity | CN¥1.89 Billion | 100.00% |
Zhejiang Zhengguang Industrial Co. Ltd. Competitors by Market Cap
The table below lists competitors of Zhejiang Zhengguang Industrial Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Jieshun Science and Technology Industry Co Ltd
SHE:002609
|
$809.74 Million |
|
Guangdong Fangyuan Environment Co. Ltd. A
SHG:688148
|
$810.00 Million |
|
Dalian Demaishi Precision Technology Co.Ltd
SHE:301007
|
$810.03 Million |
|
PolyPeptide Group AG
SW:PPGN
|
$810.06 Million |
|
Zhejiang Int'L Group Co Ltd
SHE:000411
|
$809.52 Million |
|
Zhangjiagang Guangda Special Material Co Ltd
SHG:688186
|
$809.40 Million |
|
Pan-International Industrial Corp
TW:2328
|
$809.19 Million |
|
Amtran Technology Co Ltd
TW:2489
|
$809.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Zhengguang Industrial Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,819,379,854 to 1,886,045,107, a change of 66,665,253 (3.7%).
- Net income of 102,995,483 contributed positively to equity growth.
- Dividend payments of 35,582,012 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥103.00 Million | +5.46% |
| Dividends Paid | CN¥35.58 Million | -1.89% |
| Other Changes | CN¥-748.22K | -0.04% |
| Total Change | CN¥- | 3.66% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Zhengguang Industrial 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: 2.92x
- 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 16.87x to 2.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.44 | CN¥41.13 | x |
| 2020-12-31 | CN¥3.71 | CN¥41.13 | x |
| 2021-12-31 | CN¥11.58 | CN¥41.13 | x |
| 2022-12-31 | CN¥12.84 | CN¥41.13 | x |
| 2023-12-31 | CN¥13.61 | CN¥41.13 | x |
| 2024-12-31 | CN¥14.07 | CN¥41.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Zhengguang Industrial 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): 5.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.01%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.17x
- Recent ROE (5.46%) is below the historical average (14.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 28.91% | 16.19% | 1.09x | 1.64x | CN¥46.11 Million |
| 2020 | 34.38% | 25.77% | 1.00x | 1.33x | CN¥90.36 Million |
| 2021 | 4.77% | 16.32% | 0.27x | 1.06x | CN¥-80.76 Million |
| 2022 | 10.39% | 26.30% | 0.37x | 1.08x | CN¥6.60 Million |
| 2023 | 5.98% | 20.67% | 0.26x | 1.12x | CN¥-73.15 Million |
| 2024 | 5.46% | 18.01% | 0.26x | 1.17x | CN¥-85.61 Million |
Industry Comparison
This section compares Zhejiang Zhengguang Industrial Co. Ltd.'s net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,526,275,526
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Zhengguang Industrial Co. Ltd. (301092) | CN¥1.91 Billion | 28.91% | 0.14x | $809.72 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $12.66 Billion | 14.57% | 1.45x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $7.35 Billion | 4.73% | 1.50x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $246.65 Million | 3.47% | 1.71x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $477.67 Million | 1.53% | 1.45x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $313.50 Million | 0.80% | 0.55x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.67 Billion | 1.91% | 0.16x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $220.98 Million | 19.06% | 0.40x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $93.73 Million | 50.32% | 1.49x | $4.87 Billion |
About Zhejiang Zhengguang Industrial Co. Ltd.
Zhejiang Zhengguang Industrial Co., Ltd. engages in the research, development, manufacturing, and sale of ion exchange resins, biochemical separation mediums, and macroporous adsorbents in China. Its products portfolio includes general, dual and floating bed, mixed bed, acrylic acid, chelation, hydrometallurgical, catalyst, decolorizing, indicator, powdered, and uniform particle size resins; and … Read more