Zhejiang Daily Media Group Co Ltd (600633) - Net Assets
Based on the latest financial reports, Zhejiang Daily Media Group Co Ltd (600633) has net assets worth CN¥11.39 Billion CNY (≈ $1.67 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¥13.09 Billion ≈ $1.91 Billion USD) and total liabilities (CN¥1.69 Billion ≈ $247.57 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 Zhejiang Daily Media Group Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.39 Billion |
| % of Total Assets | 87.07% |
| Annual Growth Rate | 12.0% |
| 5-Year Change | 15.76% |
| 10-Year Change | 46.45% |
| Growth Volatility | 229.53 |
Zhejiang Daily Media Group Co Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Zhejiang Daily Media Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhejiang Daily Media Group Co Ltd (600633) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Daily Media Group Co Ltd (1992–2025)
The table below shows the annual net assets of Zhejiang Daily Media Group Co Ltd from 1992 to 2025. For live valuation and market cap data, see Zhejiang Daily Media Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.24 Billion ≈ $1.65 Billion |
+2.40% |
| 2024-12-31 | CN¥10.98 Billion ≈ $1.61 Billion |
+2.13% |
| 2023-12-31 | CN¥10.75 Billion ≈ $1.57 Billion |
+6.04% |
| 2022-12-31 | CN¥10.14 Billion ≈ $1.48 Billion |
+4.39% |
| 2021-12-31 | CN¥9.71 Billion ≈ $1.42 Billion |
+4.61% |
| 2020-12-31 | CN¥9.28 Billion ≈ $1.36 Billion |
+2.50% |
| 2019-12-31 | CN¥9.06 Billion ≈ $1.33 Billion |
+4.44% |
| 2018-12-31 | CN¥8.67 Billion ≈ $1.27 Billion |
+0.09% |
| 2017-12-31 | CN¥8.66 Billion ≈ $1.27 Billion |
+12.87% |
| 2016-12-31 | CN¥7.68 Billion ≈ $1.12 Billion |
+40.37% |
| 2015-12-31 | CN¥5.47 Billion ≈ $800.31 Million |
+16.89% |
| 2014-12-31 | CN¥4.68 Billion ≈ $684.65 Million |
+11.53% |
| 2013-12-31 | CN¥4.20 Billion ≈ $613.88 Million |
+165.35% |
| 2012-12-31 | CN¥1.58 Billion ≈ $231.35 Million |
+40.42% |
| 2011-12-31 | CN¥1.13 Billion ≈ $164.75 Million |
+865.20% |
| 2010-12-31 | CN¥116.65 Million ≈ $17.07 Million |
+1.91% |
| 2009-12-31 | CN¥114.46 Million ≈ $16.75 Million |
-14.14% |
| 2008-12-31 | CN¥133.31 Million ≈ $19.51 Million |
-21.43% |
| 2007-12-31 | CN¥169.67 Million ≈ $24.83 Million |
-4.55% |
| 2006-12-31 | CN¥177.77 Million ≈ $26.01 Million |
+5.33% |
| 2005-12-31 | CN¥168.78 Million ≈ $24.70 Million |
-18.77% |
| 2004-12-31 | CN¥207.77 Million ≈ $30.40 Million |
-3.52% |
| 2003-12-31 | CN¥215.36 Million ≈ $31.51 Million |
+8.00% |
| 2002-12-31 | CN¥199.41 Million ≈ $29.18 Million |
+8.90% |
| 2001-12-31 | CN¥183.11 Million ≈ $26.79 Million |
+214.37% |
| 2000-12-31 | CN¥-160.10 Million ≈ $-23.43 Million |
-944.56% |
| 1999-12-31 | CN¥18.96 Million ≈ $2.77 Million |
-70.85% |
| 1998-12-31 | CN¥65.04 Million ≈ $9.52 Million |
-48.34% |
| 1997-12-31 | CN¥125.89 Million ≈ $18.42 Million |
-62.20% |
| 1996-12-31 | CN¥333.01 Million ≈ $48.73 Million |
-11.53% |
| 1995-12-31 | CN¥376.42 Million ≈ $55.08 Million |
-4.05% |
| 1994-12-31 | CN¥392.32 Million ≈ $57.41 Million |
+8.46% |
| 1993-12-31 | CN¥361.72 Million ≈ $52.93 Million |
+35.42% |
| 1992-12-31 | CN¥267.10 Million ≈ $39.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Daily Media 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 62288.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.77 Billion | 56.33% |
| Other Components | CN¥4.48 Billion | 43.67% |
| Total Equity | CN¥10.25 Billion | 100.00% |
Zhejiang Daily Media Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Daily Media Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Leading Optics Co Ltd
SHG:605118
|
$2.00 Billion |
|
PSG Konsult Ltd
JSE:KST
|
$2.00 Billion |
|
Easyhome New Retail Group Co Ltd
SHE:000785
|
$2.00 Billion |
|
Zhejiang Huace Film TV Co
SHE:300133
|
$2.00 Billion |
|
Hangzhou Steam Turbine
SHE:200771
|
$1.99 Billion |
|
Anhui Andeli Department Store Co Ltd
SHG:603031
|
$1.99 Billion |
|
Opple Lighting Co Ltd
SHG:603515
|
$1.99 Billion |
|
Shanghai Yct Electronics Group Co.Ltd
SHE:301099
|
$1.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Daily Media Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,004,903,701 to 10,247,651,957, a change of 242,748,256 (2.4%).
- Net income of 572,603,098 contributed positively to equity growth.
- Dividend payments of 319,498,537 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥572.60 Million | +5.59% |
| Dividends Paid | CN¥319.50 Million | -3.12% |
| Other Changes | CN¥-10.36 Million | -0.1% |
| Total Change | CN¥- | 2.43% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Daily Media 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: 1.33x
- 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 50.94x to 1.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.21 | CN¥10.75 | x |
| 1993-12-31 | CN¥0.29 | CN¥10.75 | x |
| 1994-12-31 | CN¥0.31 | CN¥10.75 | x |
| 1995-12-31 | CN¥0.30 | CN¥10.75 | x |
| 1996-12-31 | CN¥0.26 | CN¥10.75 | x |
| 1997-12-31 | CN¥0.10 | CN¥10.75 | x |
| 1998-12-31 | CN¥0.05 | CN¥10.75 | x |
| 1999-12-31 | CN¥0.01 | CN¥10.75 | x |
| 2000-12-31 | CN¥-0.13 | CN¥10.75 | x |
| 2001-12-31 | CN¥0.14 | CN¥10.75 | x |
| 2002-12-31 | CN¥0.66 | CN¥10.75 | x |
| 2003-12-31 | CN¥0.72 | CN¥10.75 | x |
| 2004-12-31 | CN¥0.69 | CN¥10.75 | x |
| 2005-12-31 | CN¥0.56 | CN¥10.75 | x |
| 2006-12-31 | CN¥0.59 | CN¥10.75 | x |
| 2007-12-31 | CN¥0.56 | CN¥10.75 | x |
| 2008-12-31 | CN¥0.43 | CN¥10.75 | x |
| 2009-12-31 | CN¥0.38 | CN¥10.75 | x |
| 2010-12-31 | CN¥0.21 | CN¥10.75 | x |
| 2011-12-31 | CN¥1.39 | CN¥10.75 | x |
| 2012-12-31 | CN¥1.19 | CN¥10.75 | x |
| 2013-12-31 | CN¥3.28 | CN¥10.75 | x |
| 2014-12-31 | CN¥3.21 | CN¥10.75 | x |
| 2015-12-31 | CN¥3.56 | CN¥10.75 | x |
| 2016-12-31 | CN¥5.45 | CN¥10.75 | x |
| 2017-12-31 | CN¥6.02 | CN¥10.75 | x |
| 2018-12-31 | CN¥6.02 | CN¥10.75 | x |
| 2019-12-31 | CN¥6.35 | CN¥10.75 | x |
| 2020-12-31 | CN¥6.65 | CN¥10.75 | x |
| 2021-12-31 | CN¥7.05 | CN¥10.75 | x |
| 2022-12-31 | CN¥7.33 | CN¥10.75 | x |
| 2023-12-31 | CN¥7.74 | CN¥10.75 | x |
| 2024-12-31 | CN¥7.82 | CN¥10.75 | x |
| 2025-12-31 | CN¥8.08 | CN¥10.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Daily Media 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): 5.59%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.58%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.27x
- Recent ROE (5.59%) is above the historical average (-9.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 8.09% | 6.82% | 0.79x | 1.50x | CN¥-5.10 Million |
| 1993 | 10.96% | 7.83% | 0.80x | 1.75x | CN¥3.46 Million |
| 1994 | 10.74% | 7.90% | 0.70x | 1.95x | CN¥2.89 Million |
| 1995 | 4.95% | 3.19% | 0.59x | 2.62x | CN¥-19.00 Million |
| 1996 | -23.56% | -25.04% | 0.30x | 3.15x | CN¥-111.76 Million |
| 1997 | -201.05% | -357.63% | 0.08x | 7.39x | CN¥-265.70 Million |
| 1998 | -18.29% | -52.52% | 0.03x | 10.88x | CN¥-18.40 Million |
| 1999 | -243.09% | -487645.60% | 0.00x | 37.27x | CN¥-47.98 Million |
| 2000 | 0.00% | -2336209.31% | 0.00x | 0.00x | CN¥-50.22 Million |
| 2001 | 9.72% | 8.59% | 0.55x | 2.08x | CN¥-504.42K |
| 2002 | 12.15% | 7.39% | 0.97x | 1.70x | CN¥4.28 Million |
| 2003 | 7.43% | 5.24% | 0.87x | 1.63x | CN¥-5.52 Million |
| 2004 | 1.51% | 0.95% | 1.00x | 1.58x | CN¥-17.62 Million |
| 2005 | -23.12% | -9.12% | 1.33x | 1.91x | CN¥-55.82 Million |
| 2006 | 2.28% | 1.13% | 1.23x | 1.65x | CN¥-13.70 Million |
| 2007 | -5.48% | -2.13% | 1.52x | 1.69x | CN¥-26.22 Million |
| 2008 | -26.73% | -7.87% | 1.90x | 1.79x | CN¥-48.87 Million |
| 2009 | -16.89% | -5.16% | 1.81x | 1.81x | CN¥-30.73 Million |
| 2010 | 2.13% | 0.58% | 1.93x | 1.92x | CN¥-9.16 Million |
| 2011 | 23.81% | 16.25% | 0.83x | 1.77x | CN¥126.50 Million |
| 2012 | 21.51% | 14.99% | 0.56x | 2.56x | CN¥118.37 Million |
| 2013 | 11.60% | 17.05% | 0.37x | 1.85x | CN¥56.75 Million |
| 2014 | 13.57% | 16.87% | 0.43x | 1.86x | CN¥135.97 Million |
| 2015 | 14.43% | 17.62% | 0.43x | 1.90x | CN¥187.13 Million |
| 2016 | 9.45% | 72.94% | 0.09x | 1.44x | CN¥-35.73 Million |
| 2017 | 21.10% | 101.86% | 0.16x | 1.26x | CN¥871.75 Million |
| 2018 | 6.15% | 24.91% | 0.19x | 1.29x | CN¥-299.45 Million |
| 2019 | 6.22% | 17.60% | 0.25x | 1.39x | CN¥-303.67 Million |
| 2020 | 6.08% | 14.46% | 0.32x | 1.33x | CN¥-330.19 Million |
| 2021 | 5.79% | 16.86% | 0.26x | 1.33x | CN¥-376.02 Million |
| 2022 | 5.30% | 9.47% | 0.43x | 1.32x | CN¥-436.31 Million |
| 2023 | 6.72% | 21.54% | 0.24x | 1.31x | CN¥-323.99 Million |
| 2024 | 5.11% | 16.52% | 0.25x | 1.23x | CN¥-488.96 Million |
| 2025 | 5.59% | 18.58% | 0.24x | 1.27x | CN¥-452.16 Million |
Industry Comparison
This section compares Zhejiang Daily Media Group Co Ltd's net assets metrics with peer companies in the Internet Content & Information industry.
Industry Context
- Industry: Internet Content & Information
- Average net assets among peers: $1,108,439,004
- Average return on equity (ROE) among peers: 19.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Daily Media Group Co Ltd (600633) | CN¥11.39 Billion | 8.09% | 0.15x | $1.99 Billion |
| Visual China Group Co Ltd (000681) | $56.71 Million | 21.52% | 0.94x | $2.12 Billion |
| Shanghai Ganglian E Commerce (300226) | $2.84 Billion | 6.36% | 2.81x | $784.00 Million |
| Everyday Network (300295) | $1.19 Billion | 7.91% | 0.28x | $301.05 Million |
| Hubei Century Network Technology Co Ltd (300494) | $219.18 Million | 57.82% | 0.11x | $638.82 Million |
| Beijing Zhidemai Technology (300785) | $327.68 Million | 29.21% | 0.58x | $1.16 Billion |
| Xinhuanet Co Ltd (603888) | $3.01 Billion | 5.49% | 0.46x | $1.85 Billion |
| Beijing Bohui Science & Technology Co Ltd (688004) | $122.64 Million | 8.44% | 0.33x | $231.34 Million |
About Zhejiang Daily Media Group Co Ltd
Zhejiang Daily Digital Culture Group Co.,Ltd, together with its subsidiaries, operates as an internet digital cultural company in China and internationally. The company engages in internet and related services, focusing on digital culture, digital technology and cultural industry investments, ultural and artistic exchanges, advertising, copyright consulting, internet cultural services, computer a… Read more