Zhejiang Publishing & Media Co Ltd (601921) - Net Assets
Based on the latest financial reports, Zhejiang Publishing & Media Co Ltd (601921) has net assets worth CN¥13.65 Billion CNY (≈ $2.00 Billion 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¥21.82 Billion ≈ $3.19 Billion USD) and total liabilities (CN¥8.17 Billion ≈ $1.20 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 601921 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥13.65 Billion |
| % of Total Assets | 62.54% |
| Annual Growth Rate | 11.33% |
| 5-Year Change | 61.04% |
| 10-Year Change | N/A |
| Growth Volatility | 12.34 |
Zhejiang Publishing & Media Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Publishing & Media Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Publishing & Media Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Publishing & Media Co Ltd (2017–2024)
The table below shows the annual net assets of Zhejiang Publishing & Media Co Ltd from 2017 to 2024. For live valuation and market cap data, see Zhejiang Publishing & Media Co Ltd (601921) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 326.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.89 Billion | 43.04% |
| Common Stock | CN¥2.22 Billion | 16.22% |
| Other Comprehensive Income | CN¥647.34 Million | 4.73% |
| Other Components | CN¥4.93 Billion | 36.01% |
| Total Equity | CN¥13.70 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 |
|---|---|
|
Shanghai Hanbell Precise Machinery Co Ltd
SHE:002158
|
$2.46 Billion |
|
Qinhuangdao Port Co Ltd
SHG:601326
|
$2.46 Billion |
|
ArcBest Corp
NASDAQ:ARCB
|
$2.46 Billion |
|
Zhejiang Shenghua Biok Biology Co Ltd
SHG:600226
|
$2.46 Billion |
|
Jinyu Bio-Technology Co Ltd
SHG:600201
|
$2.45 Billion |
|
Suzhou K-Hiragawa Electronic Technology Co. Ltd. A
SHG:603052
|
$2.45 Billion |
|
OPERAD.D.SIT.MEX.A1 -01
F:98Y
|
$2.45 Billion |
|
Alony Hetz Properties and Investments Ltd
TA:ALHE
|
$2.45 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 2023 to 2024, total equity changed from 13,360,687,951 to 13,696,300,546, a change of 335,612,595 (2.5%).
- Net income of 1,082,620,644 contributed positively to equity growth.
- Dividend payments of 866,666,666 reduced retained earnings.
- Other comprehensive income increased equity by 631,057,755.
- Other factors decreased equity by 511,399,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.08 Billion | +7.9% |
| Dividends Paid | CN¥866.67 Million | -6.33% |
| Other Comprehensive Income | CN¥631.06 Million | +4.61% |
| Other Changes | CN¥-511.40 Million | -3.73% |
| Total Change | CN¥- | 2.51% |
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: 1.22x
- 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 2.37x to 1.22x 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¥7.55 | x |
| 2018-12-31 | CN¥3.41 | CN¥7.55 | x |
| 2019-12-31 | CN¥3.44 | CN¥7.55 | x |
| 2020-12-31 | CN¥3.82 | CN¥7.55 | x |
| 2021-12-31 | CN¥5.40 | CN¥7.55 | x |
| 2022-12-31 | CN¥5.72 | CN¥7.55 | x |
| 2023-12-31 | CN¥6.02 | CN¥7.55 | x |
| 2024-12-31 | CN¥6.20 | CN¥7.55 | 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): 7.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.67%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.59x
- Recent ROE (7.90%) is below the historical average (12.51%), 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 |
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: $1,852,900,140
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Publishing & Media Co Ltd (601921) | CN¥13.65 Billion | 15.57% | 0.60x | $2.46 Billion |
| Huamei Holding (000607) | $192.92 Million | 7.15% | 1.92x | $621.00 Million |
| Central China Land Media Co Ltd (000719) | $1.75 Billion | 11.24% | 0.48x | $2.08 Billion |
| Guangdong Guangzhou Daily Media Co Ltd (002181) | $665.74 Million | 9.51% | 0.46x | $3.12 Billion |
| Tangel Publishing (300148) | $83.44 Million | 17.03% | 0.31x | $525.36 Million |
| Citic Press Corp (300788) | $2.09 Billion | 5.56% | 0.59x | $941.88 Million |
| Dook Media Group Limited (301025) | $656.19 Million | 9.50% | 0.23x | $678.33 Million |
| GUOMAI Culture & Media Co. Ltd. (301052) | $713.72 Million | 5.72% | 0.34x | $490.61 Million |
| Ronshin Group A (301231) | $866.68 Million | -5.12% | 0.05x | $388.67 Million |
| Qingdao Citymedia Co Ltd (600229) | $1.19 Billion | 2.04% | 1.36x | $607.16 Million |
| Chinese Universe Publishing And Media Co Ltd (600373) | $10.31 Billion | 10.26% | 0.71x | $1.66 Billion |
About Zhejiang Publishing & Media Co Ltd
Zhejiang Publishing & Media Co., Ltd. engages in publishing, distribution, and printing activities in China. It publishes books, periodicals, newspapers, electronic publications, audio-visual products, and media, as well as digital publishing, media, and marketing, information technology, and online education services. The company was formerly known as Zhejiang Publishing Media Co., Ltd. and chan… Read more