Zhejiang Oceanking Development Co Ltd (603213) - Net Assets
Based on the latest financial reports, Zhejiang Oceanking Development Co Ltd (603213) has net assets worth CN¥1.94 Billion CNY (≈ $283.25 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¥3.31 Billion ≈ $483.86 Million USD) and total liabilities (CN¥1.37 Billion ≈ $200.61 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 Oceanking Development Co Ltd (603213) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.94 Billion |
| % of Total Assets | 58.54% |
| Annual Growth Rate | 31.97% |
| 5-Year Change | 140.68% |
| 10-Year Change | N/A |
| Growth Volatility | 47.87 |
Zhejiang Oceanking Development Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Oceanking Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Oceanking Development Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Oceanking Development Co Ltd (2017–2024)
The table below shows the annual net assets of Zhejiang Oceanking Development Co Ltd from 2017 to 2024. For live valuation and market cap data, see 603213 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.93 Billion ≈ $282.63 Million |
+8.42% |
| 2023-12-31 | CN¥1.78 Billion ≈ $260.67 Million |
+3.59% |
| 2022-12-31 | CN¥1.72 Billion ≈ $251.64 Million |
+8.15% |
| 2021-12-31 | CN¥1.59 Billion ≈ $232.69 Million |
+98.15% |
| 2020-12-31 | CN¥802.50 Million ≈ $117.43 Million |
+17.10% |
| 2019-12-31 | CN¥685.28 Million ≈ $100.28 Million |
+128.34% |
| 2018-12-31 | CN¥300.12 Million ≈ $43.92 Million |
+8.35% |
| 2017-12-31 | CN¥277.00 Million ≈ $40.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Oceanking Development 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 78969416643.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥712.58 Million | 36.98% |
| Common Stock | CN¥434.81 Million | 22.57% |
| Other Comprehensive Income | CN¥235.75 Million | 12.24% |
| Other Components | CN¥543.65 Million | 28.22% |
| Total Equity | CN¥1.93 Billion | 100.00% |
Zhejiang Oceanking Development Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Oceanking Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Changhua Auto Parts Co Ltd
SHG:605018
|
$881.83 Million |
|
Huayi Compressor Co Ltd
SHE:000404
|
$881.99 Million |
|
Minerals 260 Ltd
AU:MI6
|
$882.12 Million |
|
Lifecome Biochemistry Co Ltd
SHE:002868
|
$882.40 Million |
|
BEH Property Co Ltd
SHG:600791
|
$881.40 Million |
|
Neo Performance Materials Inc
TO:NEO
|
$881.09 Million |
|
Better Collective
ST:BETCO
|
$880.83 Million |
|
Tangrenshen Group Co Ltd
SHE:002567
|
$880.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Oceanking Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,775,055,112 to 1,926,789,470, a change of 151,734,358 (8.5%).
- Net income of 191,082,639 contributed positively to equity growth.
- Dividend payments of 133,109,736 reduced retained earnings.
- Other comprehensive income increased equity by 234,190,310.
- Other factors decreased equity by 140,428,855.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥191.08 Million | +9.92% |
| Dividends Paid | CN¥133.11 Million | -6.91% |
| Other Comprehensive Income | CN¥234.19 Million | +12.15% |
| Other Changes | CN¥-140.43 Million | -7.29% |
| Total Change | CN¥- | 8.55% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Oceanking Development 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: 3.30x
- 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 16.26x to 3.30x 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¥0.84 | CN¥13.63 | x |
| 2018-12-31 | CN¥1.01 | CN¥13.63 | x |
| 2019-12-31 | CN¥1.57 | CN¥13.63 | x |
| 2020-12-31 | CN¥1.82 | CN¥13.63 | x |
| 2021-12-31 | CN¥3.64 | CN¥13.63 | x |
| 2022-12-31 | CN¥3.94 | CN¥13.63 | x |
| 2023-12-31 | CN¥4.07 | CN¥13.63 | x |
| 2024-12-31 | CN¥4.13 | CN¥13.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Oceanking Development 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): 9.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.59%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.70x
- Recent ROE (9.92%) is below the historical average (23.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 41.90% | 8.78% | 1.43x | 3.34x | CN¥79.06 Million |
| 2018 | 36.23% | 9.38% | 1.67x | 2.32x | CN¥78.38 Million |
| 2019 | 18.60% | 11.19% | 1.32x | 1.26x | CN¥58.77 Million |
| 2020 | 16.41% | 11.25% | 1.01x | 1.44x | CN¥50.64 Million |
| 2021 | 31.35% | 23.47% | 1.02x | 1.32x | CN¥338.37 Million |
| 2022 | 22.14% | 14.81% | 1.01x | 1.49x | CN¥208.02 Million |
| 2023 | 14.02% | 11.77% | 0.71x | 1.67x | CN¥71.33 Million |
| 2024 | 9.92% | 6.59% | 0.89x | 1.70x | CN¥-1.60 Million |
Industry Comparison
This section compares Zhejiang Oceanking Development Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,769,045,563
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Oceanking Development Co Ltd (603213) | CN¥1.94 Billion | 41.90% | 0.71x | $881.51 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $1.37 Billion | 0.00% | 0.79x | $1.28 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.46 Billion | 0.78% | 1.16x | $4.82 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $506.50 Million | 16.41% | 1.45x | $12.92 Billion |
| Zangge Holding Co Ltd (000408) | $304.26 Million | 8.29% | 1.38x | $20.72 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.46 Billion | 0.89% | 0.57x | $1.47 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $269.12 Million | 8.73% | 0.27x | $438.99 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $728.86 Million | 0.46% | 0.67x | $855.32 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $934.64 Million | 13.67% | 2.94x | $472.35 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $1.03 Billion | 8.78% | 0.45x | $362.87 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $19.62 Billion | 9.23% | 0.83x | $4.87 Billion |
About Zhejiang Oceanking Development Co Ltd
Zhejiang Oceanking Development Co., Ltd. engages in the research, development, production, and sale of chlor-alkali-related products. It offers PVC, caustic soda, liquid chlorine, chlorinated paraffin, sodium hypochlorite, epichlorohydrin (ECH), high purity hydrogen, polyvinyl chloride, and high purity hydrochloric acid, as well as methyl isobutyl ketone and other products. The company was incorp… Read more