Zhejiang Wansheng Co Ltd (603010) - Net Assets

Latest as of June 2025: CN¥3.89 Billion CNY ≈ $569.21 Million USD

Based on the latest financial reports, Zhejiang Wansheng Co Ltd (603010) has net assets worth CN¥3.89 Billion CNY (≈ $569.21 Million USD) 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 ≈ $1.06 Billion USD) and total liabilities (CN¥3.34 Billion ≈ $488.80 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 Wansheng Co Ltd (603010) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Zhejiang Wansheng Co Ltd balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 603010 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥3.91 Billion ≈ $572.34 Million	-6.24%
2023-12-31	CN¥4.17 Billion ≈ $610.46 Million	+3.67%
2022-12-31	CN¥4.02 Billion ≈ $588.85 Million	+69.95%
2021-12-31	CN¥2.37 Billion ≈ $346.49 Million	+46.80%
2020-12-31	CN¥1.61 Billion ≈ $236.03 Million	+32.44%
2019-12-31	CN¥1.22 Billion ≈ $178.22 Million	+7.30%
2018-12-31	CN¥1.14 Billion ≈ $166.09 Million	+3.20%
2017-12-31	CN¥1.10 Billion ≈ $160.94 Million	+4.37%
2016-12-31	CN¥1.05 Billion ≈ $154.20 Million	+13.30%
2015-12-31	CN¥930.06 Million ≈ $136.10 Million	+81.78%
2014-12-31	CN¥511.63 Million ≈ $74.87 Million	+99.58%
2013-12-31	CN¥256.35 Million ≈ $37.51 Million	+12.33%
2012-12-31	CN¥228.22 Million ≈ $33.40 Million	+31.21%
2011-12-31	CN¥173.94 Million ≈ $25.45 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
China Animal Husbandry Industry Co Ltd SHG:600195	$1.12 Billion
Shanghai AJ Group Co Ltd SHG:600643	$1.12 Billion
Taihan Fiber Optics Co. Ltd KQ:010170	$1.12 Billion
Juewei Food Co Ltd SHG:603517	$1.12 Billion
CWB Automotive Electronics Co Ltd SHG:605005	$1.12 Billion
Railtel Corporation Of India Limited NSE:RAILTEL	$1.12 Billion
PROS Holdings Inc NYSE:PRO	$1.12 Billion
Vedant Fashions Limited NSE:MANYAVAR	$1.12 Billion

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: 2.11x
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 5.90x to 2.11x 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¥13.02	x
2018-12-31	CN¥2.29	CN¥13.02	x
2019-12-31	CN¥2.53	CN¥13.02	x
2020-12-31	CN¥3.32	CN¥13.02	x
2021-12-31	CN¥4.88	CN¥13.02	x
2022-12-31	CN¥6.80	CN¥13.02	x
2023-12-31	CN¥6.89	CN¥13.02	x
2024-12-31	CN¥6.17	CN¥13.02	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: $6,515,935,693
Average return on equity (ROE) among peers: 10.12%

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	$1.12 Billion
Chongqing Sanxia Paints Co Ltd (000565)	$672.68 Million	30.27%	1.18x	$499.34 Million
Hengyi Petrochemical Co Ltd (000703)	$7.37 Billion	5.79%	2.23x	$9.30 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782)	$1.09 Billion	0.96%	1.41x	$741.46 Million
Luxi Chemical Group Co Ltd (000830)	$18.07 Billion	25.56%	0.78x	$4.75 Billion
China Minmetals Rare Earth Co Ltd (000831)	$5.03 Billion	8.31%	0.10x	$8.45 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859)	$1.06 Billion	0.44%	0.74x	$1.19 Billion
Cofco Biochemical Anhui Co Ltd (000930)	$12.51 Billion	8.46%	0.45x	$1.65 Billion
Shandong Link Science and Technology Co Ltd (001207)	$1.89 Billion	14.40%	0.47x	$582.05 Million
Zhejiang Transfar Co Ltd (002010)	$12.50 Billion	3.75%	0.93x	$2.36 Billion
Poly Union Chemical Holding Group Co Ltd (002037)	$4.96 Billion	3.24%	2.27x	$605.40 Million

About Zhejiang Wansheng Co Ltd

SHG:603010 China Specialty Chemicals

Market Cap

$1.12 Billion

CN¥7.68 Billion CNY

Market Cap Rank

#8611 Global

#2253 in China

Share Price

CN¥13.02

Change (1 day)

-2.25%

52-Week Range

CN¥9.59 - CN¥13.37

All Time High

CN¥116.31