Zhejiang Taihua New Material (603055) - Net Assets
Based on the latest financial reports, Zhejiang Taihua New Material (603055) has net assets worth CN¥5.51 Billion CNY (≈ $806.14 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¥11.56 Billion ≈ $1.69 Billion USD) and total liabilities (CN¥6.05 Billion ≈ $885.30 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 603055 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.51 Billion |
| % of Total Assets | 47.66% |
| Annual Growth Rate | 14.11% |
| 5-Year Change | 44.86% |
| 10-Year Change | 284.2% |
| Growth Volatility | 14.99 |
Zhejiang Taihua New Material - Net Assets Trend (2012–2025)
This chart illustrates how Zhejiang Taihua New Material's net assets have evolved over time, based on quarterly financial data. See 603055 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Taihua New Material (2012–2025)
The table below shows the annual net assets of Zhejiang Taihua New Material from 2012 to 2025. For live valuation and market cap data, see 603055 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.37 Billion ≈ $786.09 Million |
+6.28% |
| 2024-12-31 | CN¥5.05 Billion ≈ $739.66 Million |
+13.58% |
| 2023-12-31 | CN¥4.45 Billion ≈ $651.22 Million |
+8.98% |
| 2022-12-31 | CN¥4.08 Billion ≈ $597.54 Million |
+10.11% |
| 2021-12-31 | CN¥3.71 Billion ≈ $542.67 Million |
+23.52% |
| 2020-12-31 | CN¥3.00 Billion ≈ $439.33 Million |
+13.09% |
| 2019-12-31 | CN¥2.65 Billion ≈ $388.48 Million |
+3.41% |
| 2018-12-31 | CN¥2.57 Billion ≈ $375.67 Million |
+12.46% |
| 2017-12-31 | CN¥2.28 Billion ≈ $334.04 Million |
+63.26% |
| 2016-12-31 | CN¥1.40 Billion ≈ $204.61 Million |
+17.76% |
| 2015-12-31 | CN¥1.19 Billion ≈ $173.74 Million |
+2.29% |
| 2014-12-31 | CN¥1.16 Billion ≈ $169.86 Million |
+7.41% |
| 2013-12-31 | CN¥1.08 Billion ≈ $158.15 Million |
+11.85% |
| 2012-12-31 | CN¥966.21 Million ≈ $141.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Taihua New Material'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 1095.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.02 Billion | 56.64% |
| Other Components | CN¥2.31 Billion | 43.36% |
| Total Equity | CN¥5.33 Billion | 100.00% |
Zhejiang Taihua New Material Competitors by Market Cap
The table below lists competitors of Zhejiang Taihua New Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nine Entertainment Co. Holdings Ltd
AU:NEC
|
$1.03 Billion |
|
Trupanion Inc
NASDAQ:TRUP
|
$1.03 Billion |
|
Piedmont Office Realty Trust Inc
NYSE:PDM
|
$1.03 Billion |
|
Ayalon Holdings Ltd
TA:AYAL
|
$1.03 Billion |
|
DFDS A/S
CO:DFDS
|
$1.03 Billion |
|
Helia Group Ltd
AU:HLI
|
$1.03 Billion |
|
Tianjin Capital Environmental Protection Group Co Ltd
SHG:600874
|
$1.03 Billion |
|
Intracom Constructions Societe Anonyme Technical and Steel Constructions
AT:INKAT
|
$1.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Taihua New Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,999,728,292 to 5,327,613,485, a change of 327,885,193 (6.6%).
- Net income of 531,266,513 contributed positively to equity growth.
- Dividend payments of 342,254,049 reduced retained earnings.
- Other factors increased equity by 138,872,729.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥531.27 Million | +9.97% |
| Dividends Paid | CN¥342.25 Million | -6.42% |
| Other Changes | CN¥138.87 Million | +2.61% |
| Total Change | CN¥- | 6.56% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Taihua New Material'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: 1.32x
- 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 5.30x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.49 | CN¥7.88 | x |
| 2013-12-31 | CN¥1.60 | CN¥7.88 | x |
| 2014-12-31 | CN¥1.75 | CN¥7.88 | x |
| 2015-12-31 | CN¥1.84 | CN¥7.88 | x |
| 2016-12-31 | CN¥2.06 | CN¥7.88 | x |
| 2017-12-31 | CN¥3.29 | CN¥7.88 | x |
| 2018-12-31 | CN¥3.35 | CN¥7.88 | x |
| 2019-12-31 | CN¥3.25 | CN¥7.88 | x |
| 2020-12-31 | CN¥3.64 | CN¥7.88 | x |
| 2021-12-31 | CN¥4.32 | CN¥7.88 | x |
| 2022-12-31 | CN¥4.71 | CN¥7.88 | x |
| 2023-12-31 | CN¥4.96 | CN¥7.88 | x |
| 2024-12-31 | CN¥5.58 | CN¥7.88 | x |
| 2025-12-31 | CN¥5.98 | CN¥7.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Taihua New Material 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): 9.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.29%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.13x
- Recent ROE (9.97%) is below the historical average (10.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 13.93% | 7.90% | 0.53x | 3.33x | CN¥38.01 Million |
| 2013 | 10.69% | 6.24% | 0.51x | 3.34x | CN¥7.47 Million |
| 2014 | 6.95% | 4.15% | 0.56x | 2.98x | CN¥-35.44 Million |
| 2015 | 3.49% | 2.18% | 0.61x | 2.64x | CN¥-77.34 Million |
| 2016 | 16.27% | 10.14% | 0.76x | 2.10x | CN¥87.73 Million |
| 2017 | 16.06% | 13.43% | 0.83x | 1.45x | CN¥138.25 Million |
| 2018 | 13.42% | 11.59% | 0.69x | 1.69x | CN¥87.88 Million |
| 2019 | 7.38% | 7.28% | 0.59x | 1.73x | CN¥-69.59 Million |
| 2020 | 3.99% | 4.79% | 0.46x | 1.82x | CN¥-180.57 Million |
| 2021 | 12.50% | 10.89% | 0.66x | 1.73x | CN¥92.74 Million |
| 2022 | 6.58% | 6.70% | 0.53x | 1.86x | CN¥-139.85 Million |
| 2023 | 10.09% | 8.82% | 0.48x | 2.37x | CN¥3.88 Million |
| 2024 | 14.52% | 10.19% | 0.60x | 2.36x | CN¥225.75 Million |
| 2025 | 9.97% | 8.29% | 0.56x | 2.13x | CN¥-1.49 Million |
Industry Comparison
This section compares Zhejiang Taihua New Material's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,576,172,035
- Average return on equity (ROE) among peers: 7.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Taihua New Material (603055) | CN¥5.51 Billion | 13.93% | 1.10x | $1.03 Billion |
| Shenzhen Textile Holdings Co Ltd (000045) | $1.35 Billion | 3.02% | 0.23x | $717.59 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.43 Billion | 0.48% | 1.35x | $3.40 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $613.95 Million | 10.13% | 0.69x | $1.52 Billion |
| Lu Thai Textile Co Ltd (000726) | $7.78 Billion | 10.82% | 0.31x | $486.18 Million |
| Anhui Huamao Textile Co Ltd (000850) | $747.53 Million | 12.76% | 0.47x | $508.16 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.25 Billion | 15.47% | 0.72x | $1.57 Billion |
| Xinlong Holding Group Co Ltd (000955) | $492.96 Million | 1.64% | 0.63x | $391.56 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $6.68 Billion | 6.02% | 1.75x | $933.24 Million |
| Sunvim Group Co Ltd (002083) | $3.33 Billion | 12.32% | 1.23x | $1.47 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.10 Billion | 6.35% | 0.32x | $274.44 Million |
About Zhejiang Taihua New Material
Zhejiang Taihua New Material Group Co., Ltd. engages in research, development, spinning, weaving, dyeing, finishing, and selling of environmental protection and health, outdoor sports, special protection, and other fabrics in the People's Republic of China. The company offers cool, antibacterial, hygroscopic and sweat releasing, recycled environment-friendly, nylon mechanical stretch, air texture… Read more