Zhejiang Publishing & Media Co Ltd (601921) - Net Assets

Latest as of March 2026: CN¥14.56 Billion CNY ≈ $2.13 Billion USD

Based on the latest financial reports, Zhejiang Publishing & Media Co Ltd (601921) has net assets worth CN¥14.56 Billion CNY (≈ $2.13 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¥22.04 Billion ≈ $3.22 Billion USD) and total liabilities (CN¥7.48 Billion ≈ $1.09 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. Also explore Zhejiang Publishing & Media Co Ltd total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥14.56 Billion
% of Total Assets	66.07%
Annual Growth Rate	10.53%
5-Year Change	19.68%
10-Year Change	N/A
Growth Volatility	11.76

Zhejiang Publishing & Media Co Ltd - Net Assets Trend (2017–2025)

This chart illustrates how Zhejiang Publishing & Media Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Publishing & Media Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Zhejiang Publishing & Media Co Ltd (2017–2025)

The table below shows the annual net assets of Zhejiang Publishing & Media Co Ltd from 2017 to 2025. For live valuation and market cap data, see 601921 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥14.43 Billion ≈ $2.11 Billion	+5.04%
2024-12-31	CN¥13.74 Billion ≈ $2.01 Billion	+2.48%
2023-12-31	CN¥13.40 Billion ≈ $1.96 Billion	+5.13%
2022-12-31	CN¥12.75 Billion ≈ $1.87 Billion	+5.75%
2021-12-31	CN¥12.06 Billion ≈ $1.76 Billion	+41.34%
2020-12-31	CN¥8.53 Billion ≈ $1.25 Billion	+11.03%
2019-12-31	CN¥7.68 Billion ≈ $1.12 Billion	+10.91%
2018-12-31	CN¥6.93 Billion ≈ $1.01 Billion	+6.93%
2017-12-31	CN¥6.48 Billion ≈ $947.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Publishing & Media 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 347.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.19 Billion	43.03%
Other Components	CN¥8.20 Billion	56.97%
Total Equity	CN¥14.38 Billion	100.00%

Zhejiang Publishing & Media Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Publishing & Media Co Ltd ranked by their market capitalization.

Company	Market Cap
Greentown China Holdings Limited F:G7C	$2.29 Billion
Wafer Works TWO:6182	$2.29 Billion
Headwater Exploration Inc TO:HWX	$2.29 Billion
Ningbo Boway Alloy Material Co Ltd SHG:601137	$2.29 Billion
Mayora Indah Tbk JK:MYOR	$2.29 Billion
York Space Systems Inc. NYSE:YSS	$2.29 Billion
Compagnie Financiere Tradition SW:CFT	$2.29 Billion
Lotus Health Group Co SHG:600186	$2.28 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Publishing & Media Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 13,696,300,546 to 14,384,089,800, a change of 687,789,254 (5.0%).
Net income of 1,285,695,926 contributed positively to equity growth.
Dividend payments of 888,888,889 reduced retained earnings.
Other comprehensive income decreased equity by 647,335,128.
Other factors increased equity by 938,317,345.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.29 Billion	+8.94%
Dividends Paid	CN¥888.89 Million	-6.18%
Other Comprehensive Income	CN¥-647.34 Million	-4.5%
Other Changes	CN¥938.32 Million	+6.52%
Total Change	CN¥-	5.02%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Publishing & Media 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: 1.09x
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 2.21x to 1.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥3.18	CN¥7.03	x
2018-12-31	CN¥3.41	CN¥7.03	x
2019-12-31	CN¥3.44	CN¥7.03	x
2020-12-31	CN¥3.82	CN¥7.03	x
2021-12-31	CN¥5.40	CN¥7.03	x
2022-12-31	CN¥5.72	CN¥7.03	x
2023-12-31	CN¥6.02	CN¥7.03	x
2024-12-31	CN¥6.20	CN¥7.03	x
2025-12-31	CN¥6.47	CN¥7.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Publishing & Media 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): 8.94%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.19%
• Asset Turnover: 0.50x
• Equity Multiplier: 1.47x
Recent ROE (8.94%) is below the historical average (12.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	15.57%	10.59%	0.70x	2.10x	CN¥357.48 Million
2018	15.24%	10.63%	0.71x	2.02x	CN¥360.59 Million
2019	14.45%	10.84%	0.69x	1.92x	CN¥339.69 Million
2020	13.54%	11.71%	0.61x	1.90x	CN¥300.51 Million
2021	10.97%	11.56%	0.55x	1.72x	CN¥116.54 Million
2022	11.13%	12.00%	0.53x	1.74x	CN¥143.05 Million
2023	11.29%	12.93%	0.52x	1.67x	CN¥173.01 Million
2024	7.90%	9.67%	0.51x	1.59x	CN¥-287.01 Million
2025	8.94%	12.19%	0.50x	1.47x	CN¥-152.71 Million

Industry Comparison

This section compares Zhejiang Publishing & Media Co Ltd's net assets metrics with peer companies in the Publishing industry.

Industry Context

Industry: Publishing
Average net assets among peers: $1,783,396,645
Average return on equity (ROE) among peers: 11.32%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Publishing & Media Co Ltd (601921)	CN¥14.56 Billion	15.57%	0.51x	$2.29 Billion
Huamei Holding (000607)	$473.81 Million	12.41%	1.07x	$485.48 Million
Central China Land Media Co Ltd (000719)	$6.69 Billion	10.07%	0.52x	$1.84 Billion
Guangdong Guangzhou Daily Media Co Ltd (002181)	$4.26 Billion	7.36%	0.16x	$1.38 Billion
Tangel Publishing (300148)	$1.77 Billion	6.66%	0.14x	$395.87 Million
COL Digital Publishing Group Co Ltd (300364)	$301.91 Million	15.29%	0.43x	$2.12 Billion
Citic Press Corp (300788)	$745.32 Million	24.33%	0.91x	$657.51 Million
Dook Media Group Limited (301025)	$458.01 Million	12.48%	0.23x	$449.29 Million
GUOMAI Culture & Media Co. Ltd. (301052)	$351.71 Million	14.76%	0.22x	$308.73 Million
Ronshin Group A (301231)	$834.28 Million	-2.17%	0.17x	$276.77 Million
Qingdao Citymedia Co Ltd (600229)	$1.95 Billion	11.98%	0.35x	$457.31 Million

About Zhejiang Publishing & Media Co Ltd

SHG:601921 China Publishing

Market Cap

$2.29 Billion

CN¥15.62 Billion CNY

Market Cap Rank

#5680 Global

#1028 in China

Share Price

CN¥7.03

Change (1 day)

+0.29%

52-Week Range

CN¥6.69 - CN¥9.02

All Time High

CN¥14.42