Zhejiang China Commodities City Group Co Ltd (600415) - Net Assets
Based on the latest financial reports, Zhejiang China Commodities City Group Co Ltd (600415) has net assets worth CN¥23.95 Billion CNY (≈ $3.50 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¥44.14 Billion ≈ $6.46 Billion USD) and total liabilities (CN¥20.18 Billion ≈ $2.95 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 asset allocation strategy of Zhejiang China Commodities City Group Co to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥23.95 Billion |
| % of Total Assets | 54.27% |
| Annual Growth Rate | 18.74% |
| 5-Year Change | 57.4% |
| 10-Year Change | 118.35% |
| Growth Volatility | 51.44 |
Zhejiang China Commodities City Group Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Zhejiang China Commodities City Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600415 stock market capitalisation.
Annual Net Assets for Zhejiang China Commodities City Group Co Ltd (1999–2025)
The table below shows the annual net assets of Zhejiang China Commodities City Group Co Ltd from 1999 to 2025. Also explore Zhejiang China Commodities City Group Co annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥23.03 Billion ≈ $3.37 Billion |
+11.94% |
| 2024-12-31 | CN¥20.57 Billion ≈ $3.01 Billion |
+16.20% |
| 2023-12-31 | CN¥17.70 Billion ≈ $2.59 Billion |
+15.86% |
| 2022-12-31 | CN¥15.28 Billion ≈ $2.24 Billion |
+4.44% |
| 2021-12-31 | CN¥14.63 Billion ≈ $2.14 Billion |
+7.78% |
| 2020-12-31 | CN¥13.57 Billion ≈ $1.99 Billion |
+3.75% |
| 2019-12-31 | CN¥13.08 Billion ≈ $1.91 Billion |
+10.65% |
| 2018-12-31 | CN¥11.83 Billion ≈ $1.73 Billion |
+2.41% |
| 2017-12-31 | CN¥11.55 Billion ≈ $1.69 Billion |
+9.48% |
| 2016-12-31 | CN¥10.55 Billion ≈ $1.54 Billion |
+6.41% |
| 2015-12-31 | CN¥9.91 Billion ≈ $1.45 Billion |
+6.79% |
| 2014-12-31 | CN¥9.28 Billion ≈ $1.36 Billion |
+2.03% |
| 2013-12-31 | CN¥9.10 Billion ≈ $1.33 Billion |
+10.10% |
| 2012-12-31 | CN¥8.26 Billion ≈ $1.21 Billion |
+5.58% |
| 2011-12-31 | CN¥7.83 Billion ≈ $1.15 Billion |
+9.08% |
| 2010-12-31 | CN¥7.17 Billion ≈ $1.05 Billion |
+11.51% |
| 2009-12-31 | CN¥6.43 Billion ≈ $941.44 Million |
+15.44% |
| 2008-12-31 | CN¥5.57 Billion ≈ $815.54 Million |
+258.35% |
| 2007-12-31 | CN¥1.56 Billion ≈ $227.58 Million |
+31.87% |
| 2006-12-31 | CN¥1.18 Billion ≈ $172.57 Million |
+17.17% |
| 2005-12-31 | CN¥1.01 Billion ≈ $147.28 Million |
+18.75% |
| 2004-12-31 | CN¥847.59 Million ≈ $124.03 Million |
+115.71% |
| 2003-12-31 | CN¥392.93 Million ≈ $57.50 Million |
+20.62% |
| 2002-12-31 | CN¥325.77 Million ≈ $47.67 Million |
+14.07% |
| 2001-12-31 | CN¥285.59 Million ≈ $41.79 Million |
+14.15% |
| 2000-12-31 | CN¥250.18 Million ≈ $36.61 Million |
-5.39% |
| 1999-12-31 | CN¥264.44 Million ≈ $38.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang China Commodities City 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 62004.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.49 Billion | 54.41% |
| Other Components | CN¥10.46 Billion | 45.59% |
| Total Equity | CN¥22.95 Billion | 100.00% |
Zhejiang China Commodities City Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang China Commodities City Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Zheshang Bank Co Ltd
SHG:601916
|
$9.30 Billion |
|
Chandra Asri Petrochemical Tbk
JK:TPIA
|
$9.30 Billion |
|
Hotai Motor Co Ltd
TW:2207
|
$9.30 Billion |
|
Abivax SA American Depositary Shares
NASDAQ:ABVX
|
$9.31 Billion |
|
ORIENT OVERSEAS INT.ADR/5
F:ORI
|
$9.30 Billion |
|
Companhia Paranaense de Energia - COPEL
SA:CPLE3
|
$9.29 Billion |
|
Dundee Precious Metals Inc
TO:DPM
|
$9.29 Billion |
|
Qorvo Inc
NASDAQ:QRVO
|
$9.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang China Commodities City Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,503,756,457 to 22,947,911,109, a change of 2,444,154,652 (11.9%).
- Net income of 4,203,546,947 contributed positively to equity growth.
- Dividend payments of 1,993,385,493 reduced retained earnings.
- Other comprehensive income decreased equity by 3,015,378,782.
- Other factors increased equity by 3,249,371,980.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.20 Billion | +18.32% |
| Dividends Paid | CN¥1.99 Billion | -8.69% |
| Other Comprehensive Income | CN¥-3.02 Billion | -13.14% |
| Other Changes | CN¥3.25 Billion | +14.16% |
| Total Change | CN¥- | 11.92% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang China Commodities City 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: 2.77x
- 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 177.57x to 2.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.07 | CN¥11.59 | x |
| 2000-12-31 | CN¥0.06 | CN¥11.59 | x |
| 2001-12-31 | CN¥0.07 | CN¥11.59 | x |
| 2002-12-31 | CN¥0.08 | CN¥11.59 | x |
| 2003-12-31 | CN¥0.09 | CN¥11.59 | x |
| 2004-12-31 | CN¥0.21 | CN¥11.59 | x |
| 2005-12-31 | CN¥0.24 | CN¥11.59 | x |
| 2006-12-31 | CN¥0.29 | CN¥11.59 | x |
| 2007-12-31 | CN¥0.38 | CN¥11.59 | x |
| 2008-12-31 | CN¥1.23 | CN¥11.59 | x |
| 2009-12-31 | CN¥1.18 | CN¥11.59 | x |
| 2010-12-31 | CN¥1.33 | CN¥11.59 | x |
| 2011-12-31 | CN¥1.45 | CN¥11.59 | x |
| 2012-12-31 | CN¥1.52 | CN¥11.59 | x |
| 2013-12-31 | CN¥1.60 | CN¥11.59 | x |
| 2014-12-31 | CN¥1.72 | CN¥11.59 | x |
| 2015-12-31 | CN¥1.79 | CN¥11.59 | x |
| 2016-12-31 | CN¥1.82 | CN¥11.59 | x |
| 2017-12-31 | CN¥2.07 | CN¥11.59 | x |
| 2018-12-31 | CN¥2.17 | CN¥11.59 | x |
| 2019-12-31 | CN¥2.39 | CN¥11.59 | x |
| 2020-12-31 | CN¥2.49 | CN¥11.59 | x |
| 2021-12-31 | CN¥2.68 | CN¥11.59 | x |
| 2022-12-31 | CN¥2.80 | CN¥11.59 | x |
| 2023-12-31 | CN¥3.24 | CN¥11.59 | x |
| 2024-12-31 | CN¥3.75 | CN¥11.59 | x |
| 2025-12-31 | CN¥4.18 | CN¥11.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang China Commodities City 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): 18.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.09%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.94x
- Recent ROE (18.32%) is above the historical average (12.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 11.26% | 11.00% | 0.39x | 2.59x | CN¥3.31 Million |
| 2000 | 13.40% | 8.13% | 0.52x | 3.16x | CN¥8.42 Million |
| 2001 | 11.75% | 8.55% | 0.40x | 3.42x | CN¥4.92 Million |
| 2002 | 13.87% | 5.78% | 0.49x | 4.86x | CN¥12.14 Million |
| 2003 | 17.22% | 5.79% | 0.53x | 5.59x | CN¥27.34 Million |
| 2004 | 12.55% | 7.67% | 0.35x | 4.64x | CN¥20.99 Million |
| 2005 | 19.90% | 12.64% | 0.32x | 4.95x | CN¥97.06 Million |
| 2006 | 26.23% | 16.50% | 0.37x | 4.34x | CN¥187.64 Million |
| 2007 | 23.84% | 12.47% | 0.61x | 3.16x | CN¥210.46 Million |
| 2008 | 11.01% | 23.05% | 0.22x | 2.19x | CN¥55.81 Million |
| 2009 | 14.36% | 24.33% | 0.28x | 2.07x | CN¥278.02 Million |
| 2010 | 11.29% | 25.52% | 0.20x | 2.18x | CN¥92.45 Million |
| 2011 | 8.27% | 19.02% | 0.19x | 2.32x | CN¥-135.03 Million |
| 2012 | 8.57% | 19.58% | 0.20x | 2.22x | CN¥-117.53 Million |
| 2013 | 8.15% | 19.36% | 0.15x | 2.77x | CN¥-160.61 Million |
| 2014 | 4.64% | 10.64% | 0.13x | 3.23x | CN¥-472.80 Million |
| 2015 | 7.27% | 12.08% | 0.19x | 3.13x | CN¥-258.91 Million |
| 2016 | 10.46% | 15.06% | 0.26x | 2.68x | CN¥46.25 Million |
| 2017 | 13.04% | 14.57% | 0.42x | 2.13x | CN¥340.34 Million |
| 2018 | 9.20% | 30.13% | 0.13x | 2.29x | CN¥-93.57 Million |
| 2019 | 9.64% | 31.05% | 0.13x | 2.41x | CN¥-46.79 Million |
| 2020 | 6.83% | 24.87% | 0.13x | 2.12x | CN¥-429.20 Million |
| 2021 | 9.13% | 22.11% | 0.19x | 2.12x | CN¥-126.99 Million |
| 2022 | 7.24% | 14.50% | 0.24x | 2.10x | CN¥-421.51 Million |
| 2023 | 15.13% | 23.68% | 0.31x | 2.05x | CN¥907.34 Million |
| 2024 | 14.99% | 19.53% | 0.40x | 1.91x | CN¥1.02 Billion |
| 2025 | 18.32% | 21.09% | 0.45x | 1.94x | CN¥1.91 Billion |
Industry Comparison
This section compares Zhejiang China Commodities City Group Co Ltd's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $1,601,415,474
- Average return on equity (ROE) among peers: 10.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang China Commodities City Group Co Ltd (600415) | CN¥23.95 Billion | 11.26% | 0.84x | $9.30 Billion |
| Wuxi Double Elephant Micro Fibre Material Co Ltd (002395) | $776.48 Million | 5.78% | 0.23x | $482.74 Million |
| Anhui ANLI Artificial Leather (300218) | $1.06 Billion | 5.49% | 0.81x | $387.06 Million |
| Shandong Tongda Island New Materials Co Ltd (300321) | $533.14 Million | 5.46% | 0.35x | $417.76 Million |
| Anhui Korrun Co Ltd (300577) | $151.98 Million | 27.64% | 1.16x | $684.36 Million |
| Guangdong Wanlima Industry Co Ltd (300591) | $244.47 Million | 13.12% | 1.61x | $382.89 Million |
| Zhejiang Zoenn Design Co Ltd (300901) | $990.93 Million | 0.39% | 0.23x | $631.80 Million |
| Huali Industrial Group Company Limited (300979) | $4.17 Billion | 43.69% | 1.31x | $5.75 Billion |
| Zhejiang Aokang Shoes Co Ltd (603001) | $2.94 Billion | -12.71% | 0.45x | $520.46 Million |
| Zhejiang Red Dragonfly Footwear Co Ltd (603116) | $3.54 Billion | 5.54% | 0.32x | $510.96 Million |
About Zhejiang China Commodities City Group Co Ltd
Zhejiang China Commodities City Group Co., Ltd., through its subsidiaries, develops, manages, and operates an online trading platform service in China. It offers a commodity display and trading ecosystem, including market operation, and self-operated trade; market support service ecosystem covering exhibitions and hotels; and trade fulfillment service ecosystem comprising Chinagoods online servic… Read more