Zhejiang Sanwei Rubber Item Co (603033) - Net Assets
Based on the latest financial reports, Zhejiang Sanwei Rubber Item Co (603033) has net assets worth CN¥2.66 Billion CNY (≈ $389.65 Million 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¥10.49 Billion ≈ $1.53 Billion USD) and total liabilities (CN¥7.83 Billion ≈ $1.15 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 Sanwei Rubber Item Co asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.66 Billion |
| % of Total Assets | 25.39% |
| Annual Growth Rate | 18.74% |
| 5-Year Change | -10.74% |
| 10-Year Change | 153.58% |
| Growth Volatility | 37.54 |
Zhejiang Sanwei Rubber Item Co - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Sanwei Rubber Item Co's net assets have evolved over time, based on quarterly financial data. Check 603033 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Sanwei Rubber Item Co (2011–2025)
The table below shows the annual net assets of Zhejiang Sanwei Rubber Item Co from 2011 to 2025. For live valuation and market cap data, see 603033 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.78 Billion ≈ $406.56 Million |
-14.55% |
| 2024-12-31 | CN¥3.25 Billion ≈ $475.77 Million |
-9.57% |
| 2023-12-31 | CN¥3.60 Billion ≈ $526.14 Million |
+6.24% |
| 2022-12-31 | CN¥3.38 Billion ≈ $495.25 Million |
+8.73% |
| 2021-12-31 | CN¥3.11 Billion ≈ $455.48 Million |
+2.61% |
| 2020-12-31 | CN¥3.03 Billion ≈ $443.88 Million |
+4.74% |
| 2019-12-31 | CN¥2.90 Billion ≈ $423.81 Million |
+137.00% |
| 2018-12-31 | CN¥1.22 Billion ≈ $178.82 Million |
+6.71% |
| 2017-12-31 | CN¥1.15 Billion ≈ $167.57 Million |
+4.52% |
| 2016-12-31 | CN¥1.10 Billion ≈ $160.33 Million |
+68.26% |
| 2015-12-31 | CN¥651.18 Million ≈ $95.29 Million |
+16.25% |
| 2014-12-31 | CN¥560.16 Million ≈ $81.97 Million |
+27.75% |
| 2013-12-31 | CN¥438.49 Million ≈ $64.16 Million |
+40.52% |
| 2012-12-31 | CN¥312.05 Million ≈ $45.66 Million |
+24.47% |
| 2011-12-31 | CN¥250.70 Million ≈ $36.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Sanwei Rubber Item Co'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 873.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥612.00 Million | 23.17% |
| Other Components | CN¥2.03 Billion | 76.83% |
| Total Equity | CN¥2.64 Billion | 100.00% |
Zhejiang Sanwei Rubber Item Co Competitors by Market Cap
The table below lists competitors of Zhejiang Sanwei Rubber Item Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lotte Corp
KO:004990
|
$1.15 Billion |
|
Longwell Co
TWO:6290
|
$1.15 Billion |
|
Radware Ltd
NASDAQ:RDWR
|
$1.16 Billion |
|
BrightView Holdings
NYSE:BV
|
$1.16 Billion |
|
Aura Investments Ltd
TA:AURA
|
$1.15 Billion |
|
M. Dias Branco S.A. Indústria e Comércio de Alimentos
SA:MDIA3
|
$1.15 Billion |
|
Magellan Financial Group Ltd
AU:MFG
|
$1.15 Billion |
|
Tetra Technologies Inc
NYSE:TTI
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Sanwei Rubber Item Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,118,579,589 to 2,641,091,306, a change of -477,488,283 (-15.3%).
- Net loss of 377,858,735 reduced equity.
- Dividend payments of 197,560,740 reduced retained earnings.
- Other comprehensive income decreased equity by 204,929,686.
- Other factors increased equity by 302,860,878.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-377.86 Million | -14.31% |
| Dividends Paid | CN¥197.56 Million | -7.48% |
| Other Comprehensive Income | CN¥-204.93 Million | -7.76% |
| Other Changes | CN¥302.86 Million | +11.47% |
| Total Change | CN¥- | -15.31% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Sanwei Rubber Item Co'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: 2.99x
- 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 13.41x to 2.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.57 | CN¥7.65 | x |
| 2012-12-31 | CN¥0.71 | CN¥7.65 | x |
| 2013-12-31 | CN¥0.99 | CN¥7.65 | x |
| 2014-12-31 | CN¥1.27 | CN¥7.65 | x |
| 2015-12-31 | CN¥1.48 | CN¥7.65 | x |
| 2016-12-31 | CN¥3.46 | CN¥7.65 | x |
| 2017-12-31 | CN¥1.91 | CN¥7.65 | x |
| 2018-12-31 | CN¥2.01 | CN¥7.65 | x |
| 2019-12-31 | CN¥2.83 | CN¥7.65 | x |
| 2020-12-31 | CN¥2.97 | CN¥7.65 | x |
| 2021-12-31 | CN¥3.03 | CN¥7.65 | x |
| 2022-12-31 | CN¥3.27 | CN¥7.65 | x |
| 2023-12-31 | CN¥3.53 | CN¥7.65 | x |
| 2024-12-31 | CN¥2.97 | CN¥7.65 | x |
| 2025-12-31 | CN¥2.56 | CN¥7.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Sanwei Rubber Item Co 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): -14.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.10%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 3.94x
- Recent ROE (-14.31%) is below the historical average (8.81%), 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 | 17.55% | 4.66% | 1.47x | 2.56x | CN¥18.92 Million |
| 2012 | 19.66% | 6.58% | 1.42x | 2.11x | CN¥30.14 Million |
| 2013 | 28.83% | 13.02% | 1.22x | 1.81x | CN¥82.59 Million |
| 2014 | 21.72% | 13.11% | 0.97x | 1.71x | CN¥65.66 Million |
| 2015 | 13.98% | 11.90% | 0.80x | 1.46x | CN¥25.89 Million |
| 2016 | 7.22% | 10.44% | 0.59x | 1.18x | CN¥-30.46 Million |
| 2017 | 5.07% | 5.92% | 0.70x | 1.22x | CN¥-55.44 Million |
| 2018 | 6.89% | 7.53% | 0.59x | 1.55x | CN¥-36.92 Million |
| 2019 | 7.81% | 12.76% | 0.39x | 1.56x | CN¥-62.35 Million |
| 2020 | 7.05% | 11.73% | 0.35x | 1.71x | CN¥-88.21 Million |
| 2021 | 4.07% | 3.69% | 0.57x | 1.92x | CN¥-181.05 Million |
| 2022 | 7.06% | 6.00% | 0.52x | 2.27x | CN¥-96.87 Million |
| 2023 | 4.24% | 3.80% | 0.37x | 3.03x | CN¥-200.45 Million |
| 2024 | -4.71% | -2.85% | 0.48x | 3.45x | CN¥-458.64 Million |
| 2025 | -14.31% | -8.10% | 0.45x | 3.94x | CN¥-641.97 Million |
Industry Comparison
This section compares Zhejiang Sanwei Rubber Item Co's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,309,839,773
- Average return on equity (ROE) among peers: 1.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Sanwei Rubber Item Co (603033) | CN¥2.66 Billion | 17.55% | 2.94x | $1.15 Billion |
| Huayi Compressor Co Ltd (000404) | $889.33 Million | 2.15% | 3.04x | $802.55 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.39 Billion | 1.53% | 5.73x | $1.94 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $364.47 Million | 2.71% | 0.41x | $2.92 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.19 Billion | 3.46% | 1.39x | $442.01 Million |
| Changchai Co Ltd (000570) | $293.98 Million | 13.18% | 1.15x | $410.64 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.88 Billion | 6.73% | 0.86x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $559.29 Million | -28.99% | 0.99x | $993.06 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $1.54 Billion | 6.78% | 0.60x | $1.03 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $658.99 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $637.23 Million | 7.17% | 0.71x | $1.47 Billion |
About Zhejiang Sanwei Rubber Item Co
Sanwei Holding Group Co.,Ltd manufactures and sells conveyor belt and V belt products for bulk materials and various industrial applications. The company offers EP, NN, steel cord, flame retardant, high temperature resistant, chevron, cold resistant, anti-tear conveyor steel cord, CFW, chemical resistant, single multi textile, heat and oil resistant, pipe, and sensor conveyor belts. It also provi… Read more