Zhejiang Yankon Group Co Ltd (600261) - Net Assets
Based on the latest financial reports, Zhejiang Yankon Group Co Ltd (600261) has net assets worth CN¥3.50 Billion CNY (≈ $512.69 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¥5.06 Billion ≈ $739.77 Million USD) and total liabilities (CN¥1.55 Billion ≈ $227.09 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 Yankon Group Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.50 Billion |
| % of Total Assets | 69.3% |
| Annual Growth Rate | 15.02% |
| 5-Year Change | -9.97% |
| 10-Year Change | 16.7% |
| Growth Volatility | 79.1 |
Zhejiang Yankon Group Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Zhejiang Yankon Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Yankon Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Yankon Group Co Ltd (1997–2024)
The table below shows the annual net assets of Zhejiang Yankon Group Co Ltd from 1997 to 2024. For live valuation and market cap data, see market cap of Zhejiang Yankon Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.55 Billion ≈ $519.70 Million |
-2.40% |
| 2023-12-31 | CN¥3.64 Billion ≈ $532.46 Million |
+0.67% |
| 2022-12-31 | CN¥3.61 Billion ≈ $528.91 Million |
-2.44% |
| 2021-12-31 | CN¥3.70 Billion ≈ $542.14 Million |
-6.08% |
| 2020-12-31 | CN¥3.94 Billion ≈ $577.22 Million |
+4.92% |
| 2019-12-31 | CN¥3.76 Billion ≈ $550.18 Million |
+0.66% |
| 2018-12-31 | CN¥3.74 Billion ≈ $546.56 Million |
+7.02% |
| 2017-12-31 | CN¥3.49 Billion ≈ $510.69 Million |
+5.61% |
| 2016-12-31 | CN¥3.30 Billion ≈ $483.56 Million |
+8.59% |
| 2015-12-31 | CN¥3.04 Billion ≈ $445.33 Million |
+7.28% |
| 2014-12-31 | CN¥2.84 Billion ≈ $415.10 Million |
+7.23% |
| 2013-12-31 | CN¥2.65 Billion ≈ $387.10 Million |
+8.19% |
| 2012-12-31 | CN¥2.45 Billion ≈ $357.80 Million |
+75.87% |
| 2011-12-31 | CN¥1.39 Billion ≈ $203.45 Million |
+16.76% |
| 2010-12-31 | CN¥1.19 Billion ≈ $174.24 Million |
+10.32% |
| 2009-12-31 | CN¥1.08 Billion ≈ $157.94 Million |
-1.35% |
| 2008-12-31 | CN¥1.09 Billion ≈ $160.11 Million |
+8.91% |
| 2007-12-31 | CN¥1.00 Billion ≈ $147.01 Million |
+15.08% |
| 2006-12-31 | CN¥872.97 Million ≈ $127.74 Million |
+13.94% |
| 2005-12-31 | CN¥766.15 Million ≈ $112.11 Million |
+6.59% |
| 2004-12-31 | CN¥718.78 Million ≈ $105.18 Million |
+11.88% |
| 2003-12-31 | CN¥642.45 Million ≈ $94.01 Million |
+7.86% |
| 2002-12-31 | CN¥595.63 Million ≈ $87.16 Million |
+4.73% |
| 2001-12-31 | CN¥568.72 Million ≈ $83.22 Million |
+14.88% |
| 2000-12-31 | CN¥495.07 Million ≈ $72.44 Million |
+421.31% |
| 1999-12-31 | CN¥94.97 Million ≈ $13.90 Million |
+12.14% |
| 1998-12-31 | CN¥84.69 Million ≈ $12.39 Million |
+4.25% |
| 1997-12-31 | CN¥81.23 Million ≈ $11.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Yankon Group 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 163828200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.64 Billion | 46.46% |
| Common Stock | CN¥1.34 Billion | 37.93% |
| Other Comprehensive Income | CN¥530.31 Million | 15.07% |
| Other Components | CN¥18.98 Million | 0.54% |
| Total Equity | CN¥3.52 Billion | 100.00% |
Zhejiang Yankon Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Yankon Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Svenska Cellulosa Aktiebolaget SCA (publ)
ST:SCA-A
|
$695.74 Million |
|
Assure Tech Hangzhou Co Ltd
SHG:688075
|
$695.87 Million |
|
Harbin Dongan Auto Engine Co Ltd
SHG:600178
|
$696.25 Million |
|
Sinclair Broadcast Group Inc
NASDAQ:SBGI
|
$696.43 Million |
|
ZJAMP Group Co Ltd
SHE:002758
|
$695.40 Million |
|
Catapult Group International Ltd
AU:CAT
|
$695.34 Million |
|
Double Bond Chemical Ind Co Ltd
TW:4764
|
$695.32 Million |
|
Ethos Limited
NSE:ETHOSLTD
|
$695.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Yankon Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,609,543,000 to 3,519,426,000, a change of -90,117,000 (-2.5%).
- Net income of 203,019,482 contributed positively to equity growth.
- Dividend payments of 183,974,000 reduced retained earnings.
- Share repurchases of 120,003,466 reduced equity.
- Other comprehensive income increased equity by 527,533,773.
- Other factors decreased equity by 516,692,789.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥203.02 Million | +5.77% |
| Dividends Paid | CN¥183.97 Million | -5.23% |
| Share Repurchases | CN¥120.00 Million | -3.41% |
| Other Comprehensive Income | CN¥527.53 Million | +14.99% |
| Other Changes | CN¥-516.69 Million | -14.68% |
| Total Change | CN¥- | -2.50% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Yankon Group 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: 1.37x
- 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 46.26x to 1.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.08 | CN¥3.56 | x |
| 1998-12-31 | CN¥0.08 | CN¥3.56 | x |
| 1999-12-31 | CN¥0.09 | CN¥3.56 | x |
| 2000-12-31 | CN¥0.46 | CN¥3.56 | x |
| 2001-12-31 | CN¥0.51 | CN¥3.56 | x |
| 2002-12-31 | CN¥0.53 | CN¥3.56 | x |
| 2003-12-31 | CN¥0.57 | CN¥3.56 | x |
| 2004-12-31 | CN¥0.64 | CN¥3.56 | x |
| 2005-12-31 | CN¥0.67 | CN¥3.56 | x |
| 2006-12-31 | CN¥0.82 | CN¥3.56 | x |
| 2007-12-31 | CN¥0.72 | CN¥3.56 | x |
| 2008-12-31 | CN¥0.78 | CN¥3.56 | x |
| 2009-12-31 | CN¥0.80 | CN¥3.56 | x |
| 2010-12-31 | CN¥0.88 | CN¥3.56 | x |
| 2011-12-31 | CN¥1.03 | CN¥3.56 | x |
| 2012-12-31 | CN¥1.64 | CN¥3.56 | x |
| 2013-12-31 | CN¥1.73 | CN¥3.56 | x |
| 2014-12-31 | CN¥1.87 | CN¥3.56 | x |
| 2015-12-31 | CN¥2.04 | CN¥3.56 | x |
| 2016-12-31 | CN¥2.17 | CN¥3.56 | x |
| 2017-12-31 | CN¥2.32 | CN¥3.56 | x |
| 2018-12-31 | CN¥2.41 | CN¥3.56 | x |
| 2019-12-31 | CN¥2.62 | CN¥3.56 | x |
| 2020-12-31 | CN¥2.75 | CN¥3.56 | x |
| 2021-12-31 | CN¥2.67 | CN¥3.56 | x |
| 2022-12-31 | CN¥2.53 | CN¥3.56 | x |
| 2023-12-31 | CN¥2.68 | CN¥3.56 | x |
| 2024-12-31 | CN¥2.60 | CN¥3.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Yankon Group 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): 5.77%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.39%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.50x
- Recent ROE (5.77%) is below the historical average (12.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 22.02% | 12.88% | 0.64x | 2.69x | CN¥9.76 Million |
| 1998 | 23.72% | 13.85% | 0.59x | 2.89x | CN¥11.62 Million |
| 1999 | 30.09% | 16.84% | 0.57x | 3.15x | CN¥19.08 Million |
| 2000 | 9.52% | 15.36% | 0.46x | 1.36x | CN¥-2.37 Million |
| 2001 | 11.83% | 11.00% | 0.76x | 1.41x | CN¥9.94 Million |
| 2002 | 8.26% | 11.33% | 0.47x | 1.56x | CN¥-9.68 Million |
| 2003 | 8.42% | 9.93% | 0.55x | 1.55x | CN¥-9.58 Million |
| 2004 | 8.62% | 7.89% | 0.65x | 1.68x | CN¥-9.30 Million |
| 2005 | 11.32% | 7.32% | 0.82x | 1.89x | CN¥9.35 Million |
| 2006 | 14.14% | 7.06% | 0.98x | 2.05x | CN¥32.88 Million |
| 2007 | 12.33% | 6.46% | 0.92x | 2.07x | CN¥21.30 Million |
| 2008 | 10.41% | 5.42% | 0.97x | 1.98x | CN¥4.05 Million |
| 2009 | 11.91% | 6.91% | 0.79x | 2.17x | CN¥19.31 Million |
| 2010 | 16.27% | 8.37% | 0.81x | 2.39x | CN¥69.98 Million |
| 2011 | 17.33% | 9.56% | 0.74x | 2.44x | CN¥95.17 Million |
| 2012 | 8.94% | 8.11% | 0.63x | 1.74x | CN¥-24.85 Million |
| 2013 | 9.26% | 7.31% | 0.72x | 1.75x | CN¥-18.47 Million |
| 2014 | 10.71% | 8.86% | 0.73x | 1.65x | CN¥19.07 Million |
| 2015 | 12.72% | 8.73% | 0.84x | 1.73x | CN¥79.58 Million |
| 2016 | 14.31% | 10.29% | 0.78x | 1.78x | CN¥136.19 Million |
| 2017 | 12.06% | 7.96% | 0.78x | 1.95x | CN¥68.44 Million |
| 2018 | 10.81% | 6.85% | 0.85x | 1.86x | CN¥28.80 Million |
| 2019 | 12.97% | 9.11% | 0.84x | 1.70x | CN¥110.91 Million |
| 2020 | 12.36% | 10.05% | 0.74x | 1.65x | CN¥92.67 Million |
| 2021 | 8.60% | 7.41% | 0.69x | 1.67x | CN¥-51.43 Million |
| 2022 | 5.13% | 4.93% | 0.67x | 1.55x | CN¥-174.49 Million |
| 2023 | 5.97% | 7.00% | 0.57x | 1.49x | CN¥-145.61 Million |
| 2024 | 5.77% | 6.39% | 0.60x | 1.50x | CN¥-148.92 Million |
Industry Comparison
This section compares Zhejiang Yankon Group Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Yankon Group Co Ltd (600261) | CN¥3.50 Billion | 22.02% | 0.44x | $695.48 Million |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Zhejiang Yankon Group Co Ltd
Zhejiang Yankon Group Co., Ltd. engages in the research and development, production, and sales of lighting appliances in China. Its products include LED lighting products and lighting control systems, covering commercial lighting, home lighting, office lighting, outdoor lighting, track lighting, industrial lighting, educational lighting, and other general lighting, as well as emergency lighting, … Read more