Zhejiang Huazheng New Material (603186) - Net Assets
Based on the latest financial reports, Zhejiang Huazheng New Material (603186) has net assets worth CN¥2.36 Billion CNY (≈ $345.59 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¥6.65 Billion ≈ $973.42 Million USD) and total liabilities (CN¥4.29 Billion ≈ $627.82 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 Huazheng New Material tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.36 Billion |
| % of Total Assets | 35.5% |
| Annual Growth Rate | 15.71% |
| 5-Year Change | 15.22% |
| 10-Year Change | 254.47% |
| Growth Volatility | 26.06 |
Zhejiang Huazheng New Material - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Huazheng New Material's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Zhejiang Huazheng New Material to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Huazheng New Material (2011–2025)
The table below shows the annual net assets of Zhejiang Huazheng New Material from 2011 to 2025. For live valuation and market cap data, see 603186 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.93 Billion ≈ $281.71 Million |
+28.59% |
| 2024-12-31 | CN¥1.50 Billion ≈ $219.08 Million |
-4.43% |
| 2023-12-31 | CN¥1.57 Billion ≈ $229.23 Million |
-7.69% |
| 2022-12-31 | CN¥1.70 Billion ≈ $248.31 Million |
+1.56% |
| 2021-12-31 | CN¥1.67 Billion ≈ $244.49 Million |
+13.97% |
| 2020-12-31 | CN¥1.47 Billion ≈ $214.52 Million |
+94.76% |
| 2019-12-31 | CN¥752.72 Million ≈ $110.15 Million |
+8.67% |
| 2018-12-31 | CN¥692.66 Million ≈ $101.36 Million |
+12.03% |
| 2017-12-31 | CN¥618.29 Million ≈ $90.48 Million |
+13.85% |
| 2016-12-31 | CN¥543.10 Million ≈ $79.47 Million |
+55.49% |
| 2015-12-31 | CN¥349.29 Million ≈ $51.11 Million |
+8.14% |
| 2014-12-31 | CN¥323.00 Million ≈ $47.27 Million |
+1.18% |
| 2013-12-31 | CN¥319.25 Million ≈ $46.72 Million |
+6.92% |
| 2012-12-31 | CN¥298.60 Million ≈ $43.69 Million |
+19.67% |
| 2011-12-31 | CN¥249.53 Million ≈ $36.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Huazheng 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 1016.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥674.99 Million | 39.00% |
| Common Stock | CN¥142.02 Million | 8.21% |
| Other Comprehensive Income | CN¥123.01 Million | 7.11% |
| Other Components | CN¥790.80 Million | 45.69% |
| Total Equity | CN¥1.73 Billion | 100.00% |
Zhejiang Huazheng New Material Competitors by Market Cap
The table below lists competitors of Zhejiang Huazheng New Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GalaxyCore Inc
SHG:688728
|
$5.47 Billion |
|
Gentex Corporation
NASDAQ:GNTX
|
$5.47 Billion |
|
Primoris Services Corporation
NYSE:PRIM
|
$5.47 Billion |
|
Renk Group AG
XETRA:R3NK
|
$5.48 Billion |
|
Credit Acceptance Corporation
NASDAQ:CACC
|
$5.46 Billion |
|
Qilu Bank Co Ltd
SHG:601665
|
$5.46 Billion |
|
NEXANS ADR EO 1
F:NXS0
|
$5.46 Billion |
|
West Fraser Timber Co Ltd
TO:WFG
|
$5.45 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Huazheng New Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,455,270,701 to 1,730,823,263, a change of 275,552,562 (18.9%).
- Net income of 276,713,420 contributed positively to equity growth.
- Dividend payments of 45,136,798 reduced retained earnings.
- Other comprehensive income increased equity by 3,382,002.
- Other factors increased equity by 40,593,938.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥276.71 Million | +15.99% |
| Dividends Paid | CN¥45.14 Million | -2.61% |
| Other Comprehensive Income | CN¥3.38 Million | +0.2% |
| Other Changes | CN¥40.59 Million | +2.35% |
| Total Change | CN¥- | 18.93% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Huazheng 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: 21.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 92.22x to 21.57x 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¥2.58 | CN¥238.11 | x |
| 2012-12-31 | CN¥3.10 | CN¥238.11 | x |
| 2013-12-31 | CN¥3.27 | CN¥238.11 | x |
| 2014-12-31 | CN¥3.35 | CN¥238.11 | x |
| 2015-12-31 | CN¥3.59 | CN¥238.11 | x |
| 2016-12-31 | CN¥5.57 | CN¥238.11 | x |
| 2017-12-31 | CN¥4.75 | CN¥238.11 | x |
| 2018-12-31 | CN¥5.26 | CN¥238.11 | x |
| 2019-12-31 | CN¥5.74 | CN¥238.11 | x |
| 2020-12-31 | CN¥10.57 | CN¥238.11 | x |
| 2021-12-31 | CN¥11.70 | CN¥238.11 | x |
| 2022-12-31 | CN¥11.64 | CN¥238.11 | x |
| 2023-12-31 | CN¥10.94 | CN¥238.11 | x |
| 2024-12-31 | CN¥10.31 | CN¥238.11 | x |
| 2025-12-31 | CN¥11.04 | CN¥238.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Huazheng 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): 15.99%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.34%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 3.66x
- Recent ROE (15.99%) is above the historical average (9.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 18.59% | 4.95% | 1.31x | 2.87x | CN¥21.43 Million |
| 2012 | 16.43% | 5.23% | 1.11x | 2.83x | CN¥19.21 Million |
| 2013 | 11.03% | 3.81% | 1.15x | 2.52x | CN¥3.27 Million |
| 2014 | 7.17% | 2.51% | 1.08x | 2.65x | CN¥-9.14 Million |
| 2015 | 11.69% | 4.59% | 0.99x | 2.57x | CN¥5.91 Million |
| 2016 | 15.61% | 6.79% | 0.90x | 2.55x | CN¥30.48 Million |
| 2017 | 15.16% | 6.18% | 0.86x | 2.86x | CN¥31.87 Million |
| 2018 | 10.65% | 4.24% | 0.79x | 3.17x | CN¥4.43 Million |
| 2019 | 13.75% | 5.04% | 0.84x | 3.25x | CN¥27.87 Million |
| 2020 | 8.61% | 5.48% | 0.66x | 2.38x | CN¥-20.28 Million |
| 2021 | 14.36% | 6.58% | 0.71x | 3.07x | CN¥72.29 Million |
| 2022 | 2.15% | 1.10% | 0.58x | 3.36x | CN¥-131.86 Million |
| 2023 | -7.77% | -3.59% | 0.58x | 3.73x | CN¥-275.62 Million |
| 2024 | -6.69% | -2.52% | 0.63x | 4.20x | CN¥-242.96 Million |
| 2025 | 15.99% | 6.34% | 0.69x | 3.66x | CN¥103.63 Million |
Industry Comparison
This section compares Zhejiang Huazheng New Material's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $21,404,927,234
- Average return on equity (ROE) among peers: 44.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Huazheng New Material (603186) | CN¥2.36 Billion | 18.59% | 1.82x | $5.46 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $276.94 Million | 3.75% | 1.41x | $305.93 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $202.23 Million | 1.58% | 1.20x | $1.35 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $116.44 Million | -93.06% | 2.61x | $481.70 Million |
| CPT Technology Group Co Ltd (000536) | $52.05 Million | 490.89% | 0.65x | $1.46 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $5.53 Billion | 18.40% | 0.27x | $12.63 Billion |
| Xiamen Xindeco Ltd (000701) | $920.35 Million | 5.21% | 1.79x | $491.49 Million |
| BOE Technology Group Co Ltd (000725) | $197.80 Billion | 1.29% | 1.12x | $34.84 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $2.43 Billion | 3.50% | 0.53x | $4.85 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $5.48 Billion | 2.36% | 0.29x | $2.66 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $4.23 Billion |
About Zhejiang Huazheng New Material
Zhejiang Wazam New Materials Co.,LTD. engages in the research, development, design, production, and sale of copper clad plate , composite materials, and membrane materials. It provides copper clad laminates, aluminum-plastic films, bonded sheet, functional composite materials, and composite materials for transportation and logistics. The company's products are used in 5G communications, servers, … Read more