Zhejiang Wansheng Co Ltd

SHG:603010 China Specialty Chemicals
Market Cap
$976.30 Million
CN¥7.16 Billion CNY
Market Cap Rank
#8791 Global
#1717 in China
Share Price
CN¥12.15
Change (1 day)
+2.36%
52-Week Range
CN¥9.09 - CN¥13.37
All Time High
CN¥116.31
Categories
Companies in China Specialty Chemicals
About

Zhejiang Wansheng Co., Ltd. produces and sells organic phosphorus-based flame retardants, special amines, and cardanol based curing agents and diluents in China. The company offers coating BU products, which include solvent-free, solvent-based, and light color Phenalkamine curing agents, as well as active and non-active epoxy diluents; amine BU products comprising special amines, Pyrrolidones, fa… Read more

Zhejiang Wansheng Co Ltd (603010) - Net Assets

Latest net assets as of June 2025: CN¥3.89 Billion CNY

Based on the latest financial reports, Zhejiang Wansheng Co Ltd (603010) has net assets worth CN¥3.89 Billion CNY as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.23 Billion) and total liabilities (CN¥3.34 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥3.89 Billion
% of Total Assets 53.8%
Annual Growth Rate 27.05%
5-Year Change 142.49%
10-Year Change 320.54%
Growth Volatility 32.69

Zhejiang Wansheng Co Ltd - Net Assets Trend (2011–2024)

This chart illustrates how Zhejiang Wansheng Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Zhejiang Wansheng Co Ltd (2011–2024)

The table below shows the annual net assets of Zhejiang Wansheng Co Ltd from 2011 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.91 Billion -6.24%
2023-12-31 CN¥4.17 Billion +3.67%
2022-12-31 CN¥4.02 Billion +69.95%
2021-12-31 CN¥2.37 Billion +46.80%
2020-12-31 CN¥1.61 Billion +32.44%
2019-12-31 CN¥1.22 Billion +7.30%
2018-12-31 CN¥1.14 Billion +3.20%
2017-12-31 CN¥1.10 Billion +4.37%
2016-12-31 CN¥1.05 Billion +13.30%
2015-12-31 CN¥930.06 Million +81.78%
2014-12-31 CN¥511.63 Million +99.58%
2013-12-31 CN¥256.35 Million +12.33%
2012-12-31 CN¥228.22 Million +31.21%
2011-12-31 CN¥173.94 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Wansheng 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 3605.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.51 Billion 41.39%
Other Components CN¥2.13 Billion 58.61%
Total Equity CN¥3.64 Billion 100.00%

Zhejiang Wansheng Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Wansheng Co Ltd ranked by their market capitalization.

Company Market Cap
AMALGAMATED FIN. DL-01
F:A0B0
 		$691.42 Million
Peakstone Realty Trust
NYSE:PKST
 		$691.48 Million
Fujian Furi Electronics Co Ltd
SHG:600203
 		$691.72 Million
Global Top E Commerce Co Ltd
SHE:002640
 		$691.85 Million
Kestra Medical Technologies, Ltd. Common Stock
NASDAQ:KMTS
 		$691.28 Million
Linea Directa Aseguradora SA Compania de Seguros y Reaseguros
MC:LDA
 		$691.27 Million
Gunze Limited
F:GUN
 		$691.15 Million
Marcopolo S.A
SA:POMO3
 		$690.98 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,064,836,734 to 3,637,794,705, a change of -427,042,029 (-10.5%).
  • Net income of 103,424,391 contributed positively to equity growth.
  • Dividend payments of 140,395,396 reduced retained earnings.
  • Other factors decreased equity by 390,071,023.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥103.42 Million +2.84%
Dividends Paid CN¥140.40 Million -3.86%
Other Changes CN¥-390.07 Million -10.72%
Total Change CN¥- -10.51%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Wansheng 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: 1.97x
  • 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 5.51x to 1.97x 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¥2.21 CN¥12.15 x
2018-12-31 CN¥2.29 CN¥12.15 x
2019-12-31 CN¥2.53 CN¥12.15 x
2020-12-31 CN¥3.32 CN¥12.15 x
2021-12-31 CN¥4.88 CN¥12.15 x
2022-12-31 CN¥6.80 CN¥12.15 x
2023-12-31 CN¥6.89 CN¥12.15 x
2024-12-31 CN¥6.17 CN¥12.15 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Wansheng 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): 2.84%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.49%
  • • Asset Turnover: 0.41x
  • • Equity Multiplier: 1.98x
  • Recent ROE (2.84%) is below the historical average (15.27%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2011 28.85% 8.17% 1.62x 2.18x CN¥32.79 Million
2012 23.54% 8.38% 1.39x 2.02x CN¥30.91 Million
2013 22.95% 9.12% 1.16x 2.17x CN¥33.20 Million
2014 8.22% 5.64% 1.09x 1.33x CN¥-9.11 Million
2015 9.14% 9.66% 0.79x 1.19x CN¥-7.98 Million
2016 14.19% 12.19% 0.87x 1.33x CN¥44.17 Million
2017 8.28% 6.18% 0.81x 1.65x CN¥-18.88 Million
2018 9.47% 6.20% 0.83x 1.83x CN¥-6.04 Million
2019 13.49% 8.59% 0.94x 1.67x CN¥42.88 Million
2020 24.38% 16.88% 0.96x 1.50x CN¥231.92 Million
2021 34.82% 20.04% 1.24x 1.40x CN¥587.69 Million
2022 9.12% 10.25% 0.59x 1.51x CN¥-35.41 Million
2023 4.52% 6.45% 0.45x 1.55x CN¥-222.72 Million
2024 2.84% 3.49% 0.41x 1.98x CN¥-260.36 Million

Industry Comparison

This section compares Zhejiang Wansheng Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $1,775,158,628
  • Average return on equity (ROE) among peers: -19.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhejiang Wansheng Co Ltd (603010) CN¥3.89 Billion 28.85% 0.86x $691.32 Million
Chongqing Sanxia Paints Co Ltd (000565) $390.80 Million 1.64% 0.47x $289.82 Million
Hengyi Petrochemical Co Ltd (000703) $246.42 Million -7.64% 1.62x $1.44 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782) $472.56 Million 10.49% 1.13x $361.89 Million
Luxi Chemical Group Co Ltd (000830) $120.60 Million 41.32% 1.30x $2.28 Billion
China Minmetals Rare Earth Co Ltd (000831) $234.51 Million -303.65% 8.65x $5.40 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859) $2.70 Billion 10.47% 0.21x $884.45 Million
Cofco Biochemical Anhui Co Ltd (000930) $11.76 Billion 9.61% 0.54x $815.97 Million
Shandong Link Science and Technology Co Ltd (001207) $441.43 Million 14.99% 1.14x $330.19 Million
Zhejiang Bofay Elec Co Ltd (001255) $742.80 Million 1.78% 0.61x $169.49 Million
Guangdong Decro Film New (001378) $647.89 Million 29.53% 0.22x $241.78 Million