Wuhan Sanzhen Industry Holding Co Ltd (600168) - Net Assets
Based on the latest financial reports, Wuhan Sanzhen Industry Holding Co Ltd (600168) has net assets worth CN¥7.63 Billion CNY (≈ $1.12 Billion 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¥25.35 Billion ≈ $3.71 Billion USD) and total liabilities (CN¥17.71 Billion ≈ $2.59 Billion 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 Wuhan Sanzhen Industry Holding Co Ltd (600168) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.63 Billion |
| % of Total Assets | 30.11% |
| Annual Growth Rate | 14.96% |
| 5-Year Change | 27.44% |
| 10-Year Change | 59.49% |
| Growth Volatility | 50.54 |
Wuhan Sanzhen Industry Holding Co Ltd - Net Assets Trend (1995–2025)
This chart illustrates how Wuhan Sanzhen Industry Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600168 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Wuhan Sanzhen Industry Holding Co Ltd (1995–2025)
The table below shows the annual net assets of Wuhan Sanzhen Industry Holding Co Ltd from 1995 to 2025. For live valuation and market cap data, see 600168 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.62 Billion ≈ $1.12 Billion |
+37.78% |
| 2024-12-31 | CN¥5.53 Billion ≈ $809.44 Million |
+1.16% |
| 2023-12-31 | CN¥5.47 Billion ≈ $800.16 Million |
+2.91% |
| 2022-12-31 | CN¥5.31 Billion ≈ $777.53 Million |
-11.15% |
| 2021-12-31 | CN¥5.98 Billion ≈ $875.12 Million |
+5.95% |
| 2020-12-31 | CN¥5.64 Billion ≈ $825.95 Million |
+3.93% |
| 2019-12-31 | CN¥5.43 Billion ≈ $794.74 Million |
+3.66% |
| 2018-12-31 | CN¥5.24 Billion ≈ $766.70 Million |
+4.31% |
| 2017-12-31 | CN¥5.02 Billion ≈ $735.02 Million |
+5.12% |
| 2016-12-31 | CN¥4.78 Billion ≈ $699.22 Million |
+4.68% |
| 2015-12-31 | CN¥4.56 Billion ≈ $667.96 Million |
+6.05% |
| 2014-12-31 | CN¥4.30 Billion ≈ $629.89 Million |
+7.36% |
| 2013-12-31 | CN¥4.01 Billion ≈ $586.69 Million |
+115.27% |
| 2012-12-31 | CN¥1.86 Billion ≈ $272.54 Million |
+2.20% |
| 2011-12-31 | CN¥1.82 Billion ≈ $266.67 Million |
+2.75% |
| 2010-12-31 | CN¥1.77 Billion ≈ $259.54 Million |
+5.28% |
| 2009-12-31 | CN¥1.68 Billion ≈ $246.54 Million |
+3.25% |
| 2008-12-31 | CN¥1.63 Billion ≈ $238.78 Million |
+0.36% |
| 2007-12-31 | CN¥1.63 Billion ≈ $237.92 Million |
+8.70% |
| 2006-12-31 | CN¥1.50 Billion ≈ $218.88 Million |
+6.00% |
| 2005-12-31 | CN¥1.41 Billion ≈ $206.48 Million |
+2.86% |
| 2004-12-31 | CN¥1.37 Billion ≈ $200.75 Million |
+0.68% |
| 2003-12-31 | CN¥1.36 Billion ≈ $199.39 Million |
+2.66% |
| 2002-12-31 | CN¥1.33 Billion ≈ $194.21 Million |
+1.14% |
| 2001-12-31 | CN¥1.31 Billion ≈ $192.03 Million |
+1.26% |
| 2000-12-31 | CN¥1.30 Billion ≈ $189.64 Million |
+24.01% |
| 1999-12-31 | CN¥1.05 Billion ≈ $152.92 Million |
+6.70% |
| 1998-12-31 | CN¥979.41 Million ≈ $143.32 Million |
+214.63% |
| 1997-12-31 | CN¥311.28 Million ≈ $45.55 Million |
0.00% |
| 1996-12-31 | CN¥311.28 Million ≈ $45.55 Million |
+168.03% |
| 1995-12-31 | CN¥116.14 Million ≈ $16.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wuhan Sanzhen Industry Holding 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 349857155700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.50 Billion | 47.44% |
| Common Stock | CN¥993.40 Million | 13.47% |
| Other Comprehensive Income | CN¥2.31 Billion | 31.27% |
| Other Components | CN¥576.76 Million | 7.82% |
| Total Equity | CN¥7.37 Billion | 100.00% |
Wuhan Sanzhen Industry Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Wuhan Sanzhen Industry Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zinwell Corporation
TW:2485
|
$648.58 Million |
|
Lotte Confectionery Co Ltd
KO:280360
|
$648.89 Million |
|
R&G PharmaStudies Co. Ltd. A
SHE:301333
|
$649.41 Million |
|
Hangzhou Minsheng Healthcare Co Ltd
SHE:301507
|
$649.58 Million |
|
Ackerstein Group Ltd
TA:ACKR
|
$648.31 Million |
|
Ridgepost Capital, Inc
NYSE:RPC
|
$647.66 Million |
|
Lindian Resources Ltd
AU:LIN
|
$647.63 Million |
|
Zhejiang Xinao Textiles Inc
SHG:603889
|
$647.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuhan Sanzhen Industry Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,310,590,575 to 7,374,672,467, a change of 2,064,081,892 (38.9%).
- Net income of 92,903,626 contributed positively to equity growth.
- Dividend payments of 26,821,734 reduced retained earnings.
- Other comprehensive income increased equity by 2,002,948,352.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥92.90 Million | +1.26% |
| Dividends Paid | CN¥26.82 Million | -0.36% |
| Other Comprehensive Income | CN¥2.00 Billion | +27.16% |
| Other Changes | CN¥-4.95 Million | -0.07% |
| Total Change | CN¥- | 38.87% |
Book Value vs Market Value Analysis
This analysis compares Wuhan Sanzhen Industry Holding 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: 0.60x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 16.29x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.27 | CN¥4.46 | x |
| 1996-12-31 | CN¥0.73 | CN¥4.46 | x |
| 1997-12-31 | CN¥0.73 | CN¥4.46 | x |
| 1998-12-31 | CN¥2.31 | CN¥4.46 | x |
| 1999-12-31 | CN¥2.46 | CN¥4.46 | x |
| 2000-12-31 | CN¥3.05 | CN¥4.46 | x |
| 2001-12-31 | CN¥3.09 | CN¥4.46 | x |
| 2002-12-31 | CN¥3.13 | CN¥4.46 | x |
| 2003-12-31 | CN¥3.20 | CN¥4.46 | x |
| 2004-12-31 | CN¥3.22 | CN¥4.46 | x |
| 2005-12-31 | CN¥3.26 | CN¥4.46 | x |
| 2006-12-31 | CN¥3.32 | CN¥4.46 | x |
| 2007-12-31 | CN¥3.24 | CN¥4.46 | x |
| 2008-12-31 | CN¥3.34 | CN¥4.46 | x |
| 2009-12-31 | CN¥3.35 | CN¥4.46 | x |
| 2010-12-31 | CN¥3.64 | CN¥4.46 | x |
| 2011-12-31 | CN¥3.79 | CN¥4.46 | x |
| 2012-12-31 | CN¥2.89 | CN¥4.46 | x |
| 2013-12-31 | CN¥4.55 | CN¥4.46 | x |
| 2014-12-31 | CN¥4.16 | CN¥4.46 | x |
| 2015-12-31 | CN¥4.37 | CN¥4.46 | x |
| 2016-12-31 | CN¥4.60 | CN¥4.46 | x |
| 2017-12-31 | CN¥4.82 | CN¥4.46 | x |
| 2018-12-31 | CN¥4.97 | CN¥4.46 | x |
| 2019-12-31 | CN¥5.19 | CN¥4.46 | x |
| 2020-12-31 | CN¥5.44 | CN¥4.46 | x |
| 2021-12-31 | CN¥5.82 | CN¥4.46 | x |
| 2022-12-31 | CN¥5.02 | CN¥4.46 | x |
| 2023-12-31 | CN¥5.44 | CN¥4.46 | x |
| 2024-12-31 | CN¥5.42 | CN¥4.46 | x |
| 2025-12-31 | CN¥7.42 | CN¥4.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuhan Sanzhen Industry Holding 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): 1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.29%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 3.39x
- Recent ROE (1.26%) is below the historical average (8.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 22.99% | 33.59% | 0.65x | 1.05x | CN¥15.09 Million |
| 1996 | 32.77% | 59.45% | 0.53x | 1.04x | CN¥70.88 Million |
| 1997 | 43.58% | 57.74% | 0.68x | 1.10x | CN¥104.53 Million |
| 1998 | 16.29% | 62.19% | 0.25x | 1.07x | CN¥61.59 Million |
| 1999 | 16.28% | 70.57% | 0.20x | 1.18x | CN¥65.64 Million |
| 2000 | 11.40% | 62.82% | 0.15x | 1.21x | CN¥18.10 Million |
| 2001 | 10.12% | 57.35% | 0.15x | 1.17x | CN¥1.62 Million |
| 2002 | 5.91% | 36.49% | 0.15x | 1.10x | CN¥-54.21 Million |
| 2003 | 2.22% | 18.75% | 0.11x | 1.07x | CN¥-105.56 Million |
| 2004 | 2.61% | 20.95% | 0.11x | 1.08x | CN¥-100.91 Million |
| 2005 | 3.29% | 26.62% | 0.10x | 1.25x | CN¥-92.94 Million |
| 2006 | 4.11% | 20.18% | 0.14x | 1.49x | CN¥-82.91 Million |
| 2007 | 4.02% | 22.30% | 0.10x | 1.84x | CN¥-87.27 Million |
| 2008 | 3.89% | 23.97% | 0.07x | 2.17x | CN¥-89.51 Million |
| 2009 | 4.78% | 22.71% | 0.09x | 2.30x | CN¥-79.26 Million |
| 2010 | 6.92% | 22.55% | 0.15x | 2.05x | CN¥-49.49 Million |
| 2011 | 3.70% | 22.05% | 0.09x | 1.93x | CN¥-104.15 Million |
| 2012 | 17.68% | 30.07% | 0.32x | 1.86x | CN¥129.93 Million |
| 2013 | 7.06% | 26.25% | 0.14x | 1.87x | CN¥-113.15 Million |
| 2014 | 7.85% | 27.57% | 0.16x | 1.81x | CN¥-88.78 Million |
| 2015 | 7.68% | 28.05% | 0.15x | 1.82x | CN¥-101.30 Million |
| 2016 | 6.57% | 25.10% | 0.14x | 1.88x | CN¥-156.77 Million |
| 2017 | 6.82% | 26.22% | 0.12x | 2.18x | CN¥-153.21 Million |
| 2018 | 5.60% | 19.29% | 0.11x | 2.58x | CN¥-219.62 Million |
| 2019 | 4.82% | 16.33% | 0.10x | 3.01x | CN¥-268.88 Million |
| 2020 | 4.73% | 15.54% | 0.10x | 3.03x | CN¥-284.61 Million |
| 2021 | 7.61% | 15.28% | 0.16x | 3.14x | CN¥-137.64 Million |
| 2022 | 0.14% | 0.25% | 0.14x | 4.01x | CN¥-501.94 Million |
| 2023 | 2.76% | 4.66% | 0.14x | 4.29x | CN¥-379.66 Million |
| 2024 | 1.66% | 2.34% | 0.15x | 4.59x | CN¥-442.84 Million |
| 2025 | 1.26% | 2.29% | 0.16x | 3.39x | CN¥-644.56 Million |
Industry Comparison
This section compares Wuhan Sanzhen Industry Holding Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $1,546,844,152
- Average return on equity (ROE) among peers: 9.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | CN¥7.63 Billion | 22.99% | 2.32x | $648.33 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $802.49 Million | 7.22% | 0.31x | $3.07 Billion |
| Bohai Water Industry Co Ltd (000605) | $2.79 Billion | 1.81% | 2.03x | $315.31 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $116.23 Million | 13.18% | 2.21x | $2.31 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.86 Billion | 7.62% | 0.89x | $1.11 Billion |
| Gansu Dayu Water saving Group (300021) | $77.50 Million | 18.65% | 2.25x | $565.51 Million |
| Beijing Water Business Doctor (300055) | $5.54 Billion | 3.83% | 0.31x | $984.44 Million |
| BGT Group Co. Ltd. (300774) | $1.57 Billion | 6.64% | 0.79x | $791.95 Million |
| Hynar Water Group Co. Ltd. (300961) | $603.05 Million | 15.91% | 1.02x | $292.88 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $561.95 Million | 12.56% | 1.13x | $613.70 Million |
About Wuhan Sanzhen Industry Holding Co Ltd
Wuhan Sanzhen Industry Holding Co.,Ltd engages in the sewage treatment activity in China. The company is involved in the tap water distribution, drainage, tunnel construction and operation, and infrastructure construction businesses. It also engages in construction of municipal public works and professional contracting of pipeline engineering business, as well as mechanical and electrical equipme… Read more