Zhejiang Lianxiang Smart Home (603272) - Net Assets
Based on the latest financial reports, Zhejiang Lianxiang Smart Home (603272) has net assets worth CN¥538.50 Million CNY (≈ $78.80 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¥639.27 Million ≈ $93.55 Million USD) and total liabilities (CN¥100.77 Million ≈ $14.75 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 603272 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥538.50 Million |
| % of Total Assets | 84.24% |
| Annual Growth Rate | 20.19% |
| 5-Year Change | 62.92% |
| 10-Year Change | N/A |
| Growth Volatility | 35.51 |
Zhejiang Lianxiang Smart Home - Net Assets Trend (2018–2025)
This chart illustrates how Zhejiang Lianxiang Smart Home's net assets have evolved over time, based on quarterly financial data. See 603272 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Lianxiang Smart Home (2018–2025)
The table below shows the annual net assets of Zhejiang Lianxiang Smart Home from 2018 to 2025. For live valuation and market cap data, see market value of Zhejiang Lianxiang Smart Home.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥544.29 Million ≈ $79.65 Million |
-3.97% |
| 2024-12-31 | CN¥566.81 Million ≈ $82.94 Million |
-8.96% |
| 2023-12-31 | CN¥622.60 Million ≈ $91.11 Million |
-4.45% |
| 2022-12-31 | CN¥651.61 Million ≈ $95.35 Million |
+95.05% |
| 2021-12-31 | CN¥334.08 Million ≈ $48.89 Million |
+16.89% |
| 2020-12-31 | CN¥285.80 Million ≈ $41.82 Million |
+56.36% |
| 2019-12-31 | CN¥182.78 Million ≈ $26.75 Million |
+21.71% |
| 2018-12-31 | CN¥150.18 Million ≈ $21.98 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Lianxiang Smart Home'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 102.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥111.54 Million | 20.49% |
| Other Components | CN¥432.85 Million | 79.51% |
| Total Equity | CN¥544.39 Million | 100.00% |
Zhejiang Lianxiang Smart Home Competitors by Market Cap
The table below lists competitors of Zhejiang Lianxiang Smart Home ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ningbo MedicalSystem Biotechnology Co Ltd
SHE:300439
|
$470.71 Million |
|
HiVi Acoustics Technology Co Ltd
SHE:002888
|
$470.77 Million |
|
Coca-Cola Embonor S.A
SN:EMBONOR-B
|
$470.78 Million |
|
Shenzhen Xinhao Photoelectricity Technology Co. Ltd
SHE:301051
|
$470.93 Million |
|
Grand Pacific Petrochemical Corp
TW:1312
|
$470.67 Million |
|
Shaanxi Xinghua Chemistry Co Ltd
SHE:002109
|
$470.63 Million |
|
Taier Heavy Industry Co Ltd
SHE:002347
|
$470.45 Million |
|
BANK OG TIANJIN H YC1
F:B95
|
$470.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Lianxiang Smart Home's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 566,320,369 to 544,393,023, a change of -21,927,346 (-3.9%).
- Net loss of 11,448,753 reduced equity.
- Dividend payments of 10,186,354 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-11.45 Million | -2.1% |
| Dividends Paid | CN¥10.19 Million | -1.87% |
| Other Changes | CN¥-292.24K | -0.05% |
| Total Change | CN¥- | -3.87% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Lianxiang Smart Home'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: 5.91x
- 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 15.01x to 5.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥2.07 | CN¥31.04 | x |
| 2019-12-31 | CN¥2.44 | CN¥31.04 | x |
| 2020-12-31 | CN¥3.78 | CN¥31.04 | x |
| 2021-12-31 | CN¥4.29 | CN¥31.04 | x |
| 2022-12-31 | CN¥7.00 | CN¥31.04 | x |
| 2023-12-31 | CN¥6.09 | CN¥31.04 | x |
| 2024-12-31 | CN¥5.72 | CN¥31.04 | x |
| 2025-12-31 | CN¥5.25 | CN¥31.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Lianxiang Smart Home 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): -2.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.08%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.21x
- Recent ROE (-2.10%) is below the historical average (15.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 31.43% | 19.12% | 0.96x | 1.71x | CN¥32.18 Million |
| 2019 | 46.77% | 28.73% | 0.95x | 1.72x | CN¥67.20 Million |
| 2020 | 22.31% | 25.07% | 0.65x | 1.37x | CN¥35.18 Million |
| 2021 | 20.07% | 24.00% | 0.66x | 1.26x | CN¥33.64 Million |
| 2022 | 5.57% | 18.15% | 0.27x | 1.12x | CN¥-28.86 Million |
| 2023 | -2.13% | -8.50% | 0.21x | 1.19x | CN¥-75.53 Million |
| 2024 | 1.92% | 5.06% | 0.30x | 1.28x | CN¥-45.73 Million |
| 2025 | -2.10% | -8.08% | 0.22x | 1.21x | CN¥-65.89 Million |
Industry Comparison
This section compares Zhejiang Lianxiang Smart Home's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,778,672,140
- Average return on equity (ROE) among peers: 9.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Lianxiang Smart Home (603272) | CN¥538.50 Million | 31.43% | 0.19x | $470.69 Million |
| China Fangda Group Co Ltd (000055) | $5.45 Billion | 7.15% | 1.18x | $363.04 Million |
| Huasu Holdings Co Ltd (000509) | $185.23 Million | 6.36% | 3.51x | $637.55 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $1.55 Billion | 8.86% | 0.55x | $309.87 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $150.91 Million | 32.53% | 0.67x | $4.91 Billion |
| Yantai Moon Co Ltd (000811) | $3.97 Billion | 11.46% | 0.87x | $5.83 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $436.84 Million | 5.27% | 3.74x | $258.43 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.30 Billion | 9.41% | 0.28x | $660.76 Million |
| Everjoy Health Group Co Ltd (002162) | $607.94 Million | 3.55% | 2.43x | $476.42 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $948.58 Million | 1.69% | 0.66x | $299.41 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.18 Billion | 9.43% | 0.97x | $714.16 Million |
About Zhejiang Lianxiang Smart Home
Zhejiang Lianxiang Smart Home Co., LTD engages in the research and development, production, and sales of embroidery embroidered wallpaper in China. It offers embroidery, jacquard, printed wallpaper, digital printing wall coverings; and collar embroidered curtains under the LEADSHOW brand name. The company was founded in 2004 and is based in Jiaxing, China.