Zhejiang Goldensea Envi Tech C (603311) - Net Assets
Based on the latest financial reports, Zhejiang Goldensea Envi Tech C (603311) has net assets worth CN¥1.37 Billion CNY (≈ $201.11 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¥1.80 Billion ≈ $263.65 Million USD) and total liabilities (CN¥427.35 Million ≈ $62.53 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 603311 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.37 Billion |
| % of Total Assets | 76.28% |
| Annual Growth Rate | 15.57% |
| 5-Year Change | 51.6% |
| 10-Year Change | 108.66% |
| Growth Volatility | 30.54 |
Zhejiang Goldensea Envi Tech C - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Goldensea Envi Tech C's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Goldensea Envi Tech C asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Goldensea Envi Tech C (2011–2024)
The table below shows the annual net assets of Zhejiang Goldensea Envi Tech C from 2011 to 2024. For live valuation and market cap data, see 603311 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.31 Billion ≈ $191.34 Million |
+4.34% |
| 2023-12-31 | CN¥1.25 Billion ≈ $183.39 Million |
+2.41% |
| 2022-12-31 | CN¥1.22 Billion ≈ $179.07 Million |
+43.14% |
| 2021-12-31 | CN¥854.93 Million ≈ $125.10 Million |
-0.88% |
| 2020-12-31 | CN¥862.53 Million ≈ $126.22 Million |
+5.09% |
| 2019-12-31 | CN¥820.72 Million ≈ $120.10 Million |
+8.93% |
| 2018-12-31 | CN¥753.46 Million ≈ $110.26 Million |
+4.97% |
| 2017-12-31 | CN¥717.82 Million ≈ $105.04 Million |
+3.36% |
| 2016-12-31 | CN¥694.50 Million ≈ $101.63 Million |
+10.82% |
| 2015-12-31 | CN¥626.68 Million ≈ $91.70 Million |
+117.59% |
| 2014-12-31 | CN¥288.01 Million ≈ $42.15 Million |
+15.16% |
| 2013-12-31 | CN¥250.10 Million ≈ $36.60 Million |
+8.05% |
| 2012-12-31 | CN¥231.47 Million ≈ $33.87 Million |
+16.17% |
| 2011-12-31 | CN¥199.24 Million ≈ $29.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Goldensea Envi Tech C'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 2227.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥524.25 Million | 40.09% |
| Common Stock | CN¥235.88 Million | 18.04% |
| Other Components | CN¥547.46 Million | 41.87% |
| Total Equity | CN¥1.31 Billion | 100.00% |
Zhejiang Goldensea Envi Tech C Competitors by Market Cap
The table below lists competitors of Zhejiang Goldensea Envi Tech C ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hosken Consolidated Investments Ltd
JSE:HCI
|
$690.51 Million |
|
Materials Analysis Technology
TWO:3587
|
$690.65 Million |
|
Yes Optoelectronics Co Ltd Class A
SHE:002952
|
$690.66 Million |
|
Cashway Technology Co Ltd
SHG:603106
|
$690.85 Million |
|
AUPU Home Style Corp Ltd
SHG:603551
|
$690.24 Million |
|
Arrowhead Properties Ltd B
JSE:FTB
|
$689.71 Million |
|
MOIL Limited
NSE:MOIL
|
$689.67 Million |
|
Midi Utama Indonesia Tbk
JK:MIDI
|
$689.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Goldensea Envi Tech C's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,253,240,309 to 1,307,594,699, a change of 54,354,390 (4.3%).
- Net income of 65,038,748 contributed positively to equity growth.
- Dividend payments of 23,391,693 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥65.04 Million | +4.97% |
| Dividends Paid | CN¥23.39 Million | -1.79% |
| Other Changes | CN¥12.71 Million | +0.97% |
| Total Change | CN¥- | 4.34% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Goldensea Envi Tech C'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: 3.61x
- 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 12.66x to 3.61x 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¥1.58 | CN¥20.00 | x |
| 2012-12-31 | CN¥1.48 | CN¥20.00 | x |
| 2013-12-31 | CN¥1.56 | CN¥20.00 | x |
| 2014-12-31 | CN¥1.81 | CN¥20.00 | x |
| 2015-12-31 | CN¥3.20 | CN¥20.00 | x |
| 2016-12-31 | CN¥3.17 | CN¥20.00 | x |
| 2017-12-31 | CN¥3.39 | CN¥20.00 | x |
| 2018-12-31 | CN¥3.59 | CN¥20.00 | x |
| 2019-12-31 | CN¥3.91 | CN¥20.00 | x |
| 2020-12-31 | CN¥4.11 | CN¥20.00 | x |
| 2021-12-31 | CN¥4.07 | CN¥20.00 | x |
| 2022-12-31 | CN¥5.83 | CN¥20.00 | x |
| 2023-12-31 | CN¥5.35 | CN¥20.00 | x |
| 2024-12-31 | CN¥5.54 | CN¥20.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Goldensea Envi Tech C 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): 4.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.25%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.29x
- Recent ROE (4.97%) is below the historical average (11.23%), 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 | 25.31% | 17.75% | 0.77x | 1.86x | CN¥30.10 Million |
| 2012 | 14.90% | 11.86% | 0.67x | 1.88x | CN¥11.34 Million |
| 2013 | 15.98% | 11.45% | 0.65x | 2.14x | CN¥14.95 Million |
| 2014 | 17.67% | 12.35% | 0.72x | 1.98x | CN¥22.09 Million |
| 2015 | 8.75% | 12.36% | 0.50x | 1.41x | CN¥-7.38 Million |
| 2016 | 10.73% | 14.50% | 0.57x | 1.29x | CN¥4.84 Million |
| 2017 | 11.20% | 15.40% | 0.58x | 1.25x | CN¥8.63 Million |
| 2018 | 8.63% | 11.51% | 0.56x | 1.34x | CN¥-10.30 Million |
| 2019 | 9.76% | 12.35% | 0.54x | 1.47x | CN¥-1.96 Million |
| 2020 | 10.82% | 13.46% | 0.56x | 1.43x | CN¥7.10 Million |
| 2021 | 8.36% | 9.44% | 0.59x | 1.50x | CN¥-13.99 Million |
| 2022 | 6.18% | 9.58% | 0.49x | 1.33x | CN¥-46.76 Million |
| 2023 | 3.93% | 6.78% | 0.45x | 1.28x | CN¥-76.13 Million |
| 2024 | 4.97% | 8.25% | 0.47x | 1.29x | CN¥-65.72 Million |
Industry Comparison
This section compares Zhejiang Goldensea Envi Tech C's net assets metrics with peer companies in the Pollution & Treatment Controls industry.
Industry Context
- Industry: Pollution & Treatment Controls
- Average net assets among peers: $1,570,460,615
- Average return on equity (ROE) among peers: 10.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Goldensea Envi Tech C (603311) | CN¥1.37 Billion | 25.31% | 0.31x | $690.34 Million |
| Central Plains Environment Protection Co Ltd (000544) | $6.86 Billion | 7.23% | 1.36x | $1.21 Billion |
| Shenwu Energy Saving Co Ltd (000820) | $541.62 Million | 1.45% | 1.81x | $353.85 Million |
| Hebei Sailhero Environmental (300137) | $1.86 Billion | 13.94% | 0.33x | $1.40 Billion |
| Xiongan Kerong Environment Technology Co Ltd (300152) | $148.30 Million | 24.22% | 1.43x | $202.35 Million |
| Nanjing CEC Environmental Protect (300172) | $1.93 Billion | 3.84% | 0.41x | $537.70 Million |
| Shanghai Canature Environmental (300272) | $1.37 Billion | 9.66% | 1.19x | $671.08 Million |
| Suzhou TA&A Ultra Clean Technology Co Ltd (300390) | $897.51 Million | 6.89% | 0.28x | $13.94 Billion |
| Scimee Sci &Tech Co Ltd (300425) | $375.96 Million | 15.78% | 0.34x | $501.15 Million |
| Penyao Environmental Protection Co Ltd Class A (300664) | $1.15 Billion | 6.05% | 1.36x | $618.61 Million |
| ShenZhen GAD Environmental Technology Co. Ltd. (300854) | $569.06 Million | 14.08% | 0.89x | $491.57 Million |
About Zhejiang Goldensea Envi Tech C
Zhejiang Goldensea Hi-Tech Co., Ltd produces and sells environmental protection filter materials in China and internationally. The company offers high-performance filter materials, functional filter materials, multi-functional filter screens, and various filters with features such as virus killing, strong deodorization, anti-allergy, and formaldehyde removal. Its products are widely used in house… Read more