Zhejiang Huazheng New Material (603186) - Net Assets
Based on the latest financial reports, Zhejiang Huazheng New Material (603186) has net assets worth CN¥1.54 Billion CNY (≈ $225.02 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.38 Billion ≈ $933.67 Million USD) and total liabilities (CN¥4.84 Billion ≈ $708.65 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 liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.54 Billion |
| % of Total Assets | 24.1% |
| Annual Growth Rate | 14.77% |
| 5-Year Change | 2.12% |
| 10-Year Change | 328.62% |
| Growth Volatility | 26.87 |
Zhejiang Huazheng New Material - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Huazheng New Material's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Huazheng New Material for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Huazheng New Material (2011–2024)
The table below shows the annual net assets of Zhejiang Huazheng New Material from 2011 to 2024. For live valuation and market cap data, see 603186 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 564.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥401.70 Million | 27.60% |
| Common Stock | CN¥142.01 Million | 9.76% |
| Other Comprehensive Income | CN¥119.63 Million | 8.22% |
| Other Components | CN¥791.93 Million | 54.42% |
| Total Equity | CN¥1.46 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 |
|---|---|
|
Cellcom Israel Ltd
TA:CEL
|
$1.65 Billion |
|
JHSF Participações S.A.
SA:JHSF3
|
$1.65 Billion |
|
KTK Group Co Ltd
SHG:603680
|
$1.65 Billion |
|
Hotel Shilla
KO:008770
|
$1.65 Billion |
|
Kohl's Corporation
NYSE:KSS
|
$1.64 Billion |
|
Arcelik AS
IS:ARCLK
|
$1.64 Billion |
|
Friedrich Vorwerk Group SE
F:VH2
|
$1.64 Billion |
|
Makalot Industrial Co Ltd
TW:1477
|
$1.64 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 2023 to 2024, total equity changed from 1,550,966,280 to 1,455,270,701, a change of -95,695,579 (-6.2%).
- Net loss of 97,430,334 reduced equity.
- Dividend payments of 57,419,115 reduced retained earnings.
- Other comprehensive income increased equity by 119,632,134.
- Other factors decreased equity by 60,478,264.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-97.43 Million | -6.69% |
| Dividends Paid | CN¥57.42 Million | -3.95% |
| Other Comprehensive Income | CN¥119.63 Million | +8.22% |
| Other Changes | CN¥-60.48 Million | -4.16% |
| Total Change | CN¥- | -6.17% |
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: 7.73x
- 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 30.67x to 7.73x 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¥79.18 | x |
| 2012-12-31 | CN¥3.10 | CN¥79.18 | x |
| 2013-12-31 | CN¥3.27 | CN¥79.18 | x |
| 2014-12-31 | CN¥3.35 | CN¥79.18 | x |
| 2015-12-31 | CN¥3.59 | CN¥79.18 | x |
| 2016-12-31 | CN¥5.57 | CN¥79.18 | x |
| 2017-12-31 | CN¥4.75 | CN¥79.18 | x |
| 2018-12-31 | CN¥5.26 | CN¥79.18 | x |
| 2019-12-31 | CN¥5.74 | CN¥79.18 | x |
| 2020-12-31 | CN¥10.57 | CN¥79.18 | x |
| 2021-12-31 | CN¥11.73 | CN¥79.18 | x |
| 2022-12-31 | CN¥11.88 | CN¥79.18 | x |
| 2023-12-31 | CN¥10.94 | CN¥79.18 | x |
| 2024-12-31 | CN¥10.25 | CN¥79.18 | 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): -6.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.52%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 4.20x
- Recent ROE (-6.69%) is below the historical average (9.36%), 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 | 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 | 10.99% | 4.48% | 0.78x | 3.17x | CN¥6.77 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 |
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: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Huazheng New Material (603186) | CN¥1.54 Billion | 18.59% | 3.15x | $1.65 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 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 offers 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, da… Read more