Hangzhou Zhengqiang Corporation Limited (301119) - Net Assets
Based on the latest financial reports, Hangzhou Zhengqiang Corporation Limited (301119) has net assets worth CN¥1.07 Billion CNY (≈ $156.19 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¥1.42 Billion ≈ $207.60 Million USD) and total liabilities (CN¥351.34 Million ≈ $51.41 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 Hangzhou Zhengqiang Corporation Limited tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.07 Billion |
| % of Total Assets | 75.23% |
| Annual Growth Rate | 17.81% |
| 5-Year Change | 33.96% |
| 10-Year Change | N/A |
| Growth Volatility | 22.98 |
Hangzhou Zhengqiang Corporation Limited - Net Assets Trend (2017–2025)
This chart illustrates how Hangzhou Zhengqiang Corporation Limited's net assets have evolved over time, based on quarterly financial data. See how many days can Hangzhou Zhengqiang Corporation Limited fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hangzhou Zhengqiang Corporation Limited (2017–2025)
The table below shows the annual net assets of Hangzhou Zhengqiang Corporation Limited from 2017 to 2025. For live valuation and market cap data, see Hangzhou Zhengqiang Corporation Limited (301119) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.04 Billion ≈ $152.45 Million |
+1.66% |
| 2024-12-31 | CN¥1.02 Billion ≈ $149.96 Million |
+5.42% |
| 2023-12-31 | CN¥972.10 Million ≈ $142.25 Million |
+11.77% |
| 2022-12-31 | CN¥869.77 Million ≈ $127.28 Million |
+11.83% |
| 2021-12-31 | CN¥777.73 Million ≈ $113.81 Million |
+78.90% |
| 2020-12-31 | CN¥434.74 Million ≈ $63.62 Million |
+13.86% |
| 2019-12-31 | CN¥381.82 Million ≈ $55.87 Million |
+13.92% |
| 2018-12-31 | CN¥335.17 Million ≈ $49.05 Million |
+19.42% |
| 2017-12-31 | CN¥280.68 Million ≈ $41.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Zhengqiang Corporation Limited'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 75.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥355.48 Million | 34.12% |
| Other Components | CN¥686.35 Million | 65.88% |
| Total Equity | CN¥1.04 Billion | 100.00% |
Hangzhou Zhengqiang Corporation Limited Competitors by Market Cap
The table below lists competitors of Hangzhou Zhengqiang Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MCI Management SA
WAR:MCI
|
$404.26 Million |
|
Zhejiang Jinfei Kaida Wheel Co Ltd
SHE:002863
|
$404.40 Million |
|
Xinjiang International Industry Co Ltd
SHE:000159
|
$404.45 Million |
|
Allogene Therapeutics Inc
NASDAQ:ALLO
|
$404.51 Million |
|
Xinxiang Tuoxin Pharmaceutical Co.Ltd.
SHE:301089
|
$404.05 Million |
|
Smcp SAS
PA:SMCP
|
$403.85 Million |
|
Jay Mart Public Company Limited
BK:JMART
|
$403.83 Million |
|
Quess Corp Limited
NSE:QUESS
|
$403.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Zhengqiang Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,024,822,445 to 1,041,834,797, a change of 17,012,352 (1.7%).
- Net income of 112,733,708 contributed positively to equity growth.
- Dividend payments of 100,148,740 reduced retained earnings.
- Other comprehensive income decreased equity by 43,851,894.
- Other factors increased equity by 48,279,278.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥112.73 Million | +10.82% |
| Dividends Paid | CN¥100.15 Million | -9.61% |
| Other Comprehensive Income | CN¥-43.85 Million | -4.21% |
| Other Changes | CN¥48.28 Million | +4.63% |
| Total Change | CN¥- | 1.66% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Zhengqiang Corporation Limited'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: 2.65x
- 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 10.01x to 2.65x 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¥2.65 | CN¥26.56 | x |
| 2018-12-31 | CN¥3.18 | CN¥26.56 | x |
| 2019-12-31 | CN¥4.90 | CN¥26.56 | x |
| 2020-12-31 | CN¥5.56 | CN¥26.56 | x |
| 2021-12-31 | CN¥9.71 | CN¥26.56 | x |
| 2022-12-31 | CN¥8.25 | CN¥26.56 | x |
| 2023-12-31 | CN¥9.16 | CN¥26.56 | x |
| 2024-12-31 | CN¥9.81 | CN¥26.56 | x |
| 2025-12-31 | CN¥10.02 | CN¥26.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Zhengqiang Corporation Limited 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): 10.82%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.55%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.33x
- Recent ROE (10.82%) is below the historical average (12.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 21.06% | 19.31% | 0.86x | 1.27x | CN¥30.53 Million |
| 2018 | 17.02% | 17.60% | 0.78x | 1.23x | CN¥23.18 Million |
| 2019 | 13.47% | 16.85% | 0.64x | 1.24x | CN¥13.24 Million |
| 2020 | 12.17% | 18.76% | 0.53x | 1.21x | CN¥9.44 Million |
| 2021 | 6.82% | 14.97% | 0.41x | 1.11x | CN¥-24.76 Million |
| 2022 | 11.27% | 22.92% | 0.39x | 1.25x | CN¥11.07 Million |
| 2023 | 10.15% | 23.22% | 0.36x | 1.21x | CN¥1.45 Million |
| 2024 | 8.87% | 21.54% | 0.31x | 1.33x | CN¥-11.55 Million |
| 2025 | 10.82% | 24.55% | 0.33x | 1.33x | CN¥8.55 Million |
Industry Comparison
This section compares Hangzhou Zhengqiang Corporation Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,624,800,266
- Average return on equity (ROE) among peers: 519.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Zhengqiang Corporation Limited (301119) | CN¥1.07 Billion | 21.06% | 0.33x | $404.20 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.65 Million | 0.00% | 0.00x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.92 Billion | 9.07% | 1.15x | $6.67 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.19 Billion | 8.97% | 0.42x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $2.38 Billion | 7.28% | 2.18x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.56 Billion | 1.77% | 2.12x | $1.55 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $153.38 Million | 0.00% | 1.11x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $473.93 Million | 2.82% | 0.64x | $653.72 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.20 Billion | 6.30% | 2.26x | $2.08 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $7.93 Million | 5157.51% | 58.54x | $285.31 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $361.12 Million | -1.54% | 0.62x | $4.21 Billion |
About Hangzhou Zhengqiang Corporation Limited
Hangzhou Zhengqiang Corporation Limited engages in the research, development, production, and sales of automobile cross-axle universal joint assemblies, forks, cross shafts, yokes, and related components in China and internationally. Hangzhou Zhengqiang Corporation Limited was founded in 1997 and is based in Xiaoshan, China.