Zhejiang Tianzhen Technology Co. Ltd. A
Zhejiang Tianzhen Technology Co., Ltd. manufactures and sells floor coverings and decorative materials. The company offers WPV, LVT, and SPC flooring and wallboard. It sells its products in the United States, Europe, Canada, Korea, Japan, Australia, and internationally. The company was founded in 2003 and is headquartered in Anji County, China.
Zhejiang Tianzhen Technology Co. Ltd. A (301356) - Net Assets
Latest net assets as of June 2025: CN¥2.98 Billion CNY
Based on the latest financial reports, Zhejiang Tianzhen Technology Co. Ltd. A (301356) has net assets worth CN¥2.98 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.29 Billion) and total liabilities (CN¥306.27 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.98 Billion |
| % of Total Assets | 90.69% |
| Annual Growth Rate | 32.19% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 79.97 |
Zhejiang Tianzhen Technology Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Zhejiang Tianzhen Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Tianzhen Technology Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Zhejiang Tianzhen Technology Co. Ltd. A from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.95 Billion | -2.00% |
| 2023-12-31 | CN¥3.01 Billion | -12.38% |
| 2022-12-31 | CN¥3.43 Billion | +185.44% |
| 2021-12-31 | CN¥1.20 Billion | +24.57% |
| 2020-12-31 | CN¥965.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tianzhen Technology Co. Ltd. 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 66.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥365.39 Million | 12.40% |
| Other Components | CN¥2.58 Billion | 87.60% |
| Total Equity | CN¥2.95 Billion | 100.00% |
Zhejiang Tianzhen Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Zhejiang Tianzhen Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deceuninck
BR:DECB
|
$163.38 Million |
|
STRAITS TRADG SD 1
F:W2F
|
$163.49 Million |
|
IBASE Technology
TWO:8050
|
$163.51 Million |
|
ST George Mining Ltd
AU:SGQ
|
$163.61 Million |
|
Soft-World International
TWO:5478
|
$163.32 Million |
|
Harbin Medisan Pharmaceutical Co Ltd
SHE:002900
|
$163.31 Million |
|
FSP Technology Inc
TW:3015
|
$163.27 Million |
|
Goodluck India Limited
NSE:GOODLUCK
|
$163.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tianzhen Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,007,921,181 to 2,947,686,477, a change of -60,234,704 (-2.0%).
- Net loss of 37,246,371 reduced equity.
- Dividend payments of 750 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-37.25 Million | -1.26% |
| Dividends Paid | CN¥749.79 | -0.0% |
| Other Changes | CN¥-22.99 Million | -0.78% |
| Total Change | CN¥- | -2.00% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tianzhen Technology Co. Ltd. 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: 1.65x
- 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 3.77x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥5.96 | CN¥22.49 | x |
| 2021-12-31 | CN¥7.42 | CN¥22.49 | x |
| 2022-12-31 | CN¥15.89 | CN¥22.49 | x |
| 2023-12-31 | CN¥13.93 | CN¥22.49 | x |
| 2024-12-31 | CN¥13.65 | CN¥22.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tianzhen Technology Co. Ltd. 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): -1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.18%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 1.11x
- Recent ROE (-1.26%) is below the historical average (12.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 38.57% | 16.60% | 1.09x | 2.13x | CN¥275.84 Million |
| 2021 | 23.23% | 8.78% | 1.18x | 2.24x | CN¥159.08 Million |
| 2022 | 11.04% | 12.78% | 0.73x | 1.19x | CN¥35.86 Million |
| 2023 | -8.87% | -85.64% | 0.10x | 1.06x | CN¥-567.69 Million |
| 2024 | -1.26% | -4.18% | 0.27x | 1.11x | CN¥-332.02 Million |
Industry Comparison
This section compares Zhejiang Tianzhen Technology Co. Ltd. A's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $21,724,256,275
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tianzhen Technology Co. Ltd. A (301356) | CN¥2.98 Billion | 38.57% | 0.10x | $163.37 Million |
| Midea Group Co Ltd (000333) | $174.30 Billion | 19.35% | 1.79x | $52.26 Billion |
| Gree Electric Appliances Inc of Zhuhai (000651) | $18.38 Billion | 28.50% | 3.64x | $20.32 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $4.47 Billion | 12.97% | 2.19x | $1.73 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $140.14 Million |
| Beijing Liven Technology Co. Ltd. (001259) | $147.07 Million | 8.03% | 1.46x | $103.19 Million |
| De Rucci Healthy Sleep Co. Ltd. (001323) | $4.36 Billion | 16.25% | 0.33x | $252.27 Million |
| Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) | $1.41 Billion | 7.18% | 0.18x | $107.70 Million |
| Hefei Snowky Elec Co Ltd (001387) | $243.27 Million | 1.71% | 3.79x | $137.43 Million |
| Elec-Tech International Co Ltd (002005) | $5.99 Billion | 0.33% | 1.24x | $402.60 Million |
| Zhejiang Supor Co Ltd (002032) | $7.07 Billion | 29.23% | 0.83x | $795.41 Million |