Zhejiang Dibay Electric Co Ltd (603320) - Net Assets
Based on the latest financial reports, Zhejiang Dibay Electric Co Ltd (603320) has net assets worth CN¥1.16 Billion CNY (≈ $170.32 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¥1.38 Billion ≈ $202.50 Million USD) and total liabilities (CN¥219.86 Million ≈ $32.17 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 how resilient are Zhejiang Dibay Electric Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.16 Billion |
| % of Total Assets | 84.11% |
| Annual Growth Rate | 15.23% |
| 5-Year Change | 28.43% |
| 10-Year Change | 227.5% |
| Growth Volatility | 19.67 |
Zhejiang Dibay Electric Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Dibay Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang Dibay Electric Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Dibay Electric Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Dibay Electric Co Ltd from 2011 to 2024. For live valuation and market cap data, see market cap of Zhejiang Dibay Electric Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥925.24 Million ≈ $135.39 Million |
+12.43% |
| 2023-12-31 | CN¥822.94 Million ≈ $120.42 Million |
+3.61% |
| 2022-12-31 | CN¥794.24 Million ≈ $116.22 Million |
+1.07% |
| 2021-12-31 | CN¥785.79 Million ≈ $114.99 Million |
+9.07% |
| 2020-12-31 | CN¥720.44 Million ≈ $105.42 Million |
+4.27% |
| 2019-12-31 | CN¥690.92 Million ≈ $101.10 Million |
+11.43% |
| 2018-12-31 | CN¥620.06 Million ≈ $90.73 Million |
+4.59% |
| 2017-12-31 | CN¥592.83 Million ≈ $86.75 Million |
+80.52% |
| 2016-12-31 | CN¥328.41 Million ≈ $48.06 Million |
+16.24% |
| 2015-12-31 | CN¥282.52 Million ≈ $41.34 Million |
+10.27% |
| 2014-12-31 | CN¥256.22 Million ≈ $37.49 Million |
+14.76% |
| 2013-12-31 | CN¥223.26 Million ≈ $32.67 Million |
+22.37% |
| 2012-12-31 | CN¥182.44 Million ≈ $26.70 Million |
+24.51% |
| 2011-12-31 | CN¥146.53 Million ≈ $21.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Dibay Electric 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 1031.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥458.62 Million | 49.53% |
| Common Stock | CN¥133.88 Million | 14.46% |
| Other Comprehensive Income | CN¥92.11 Million | 9.95% |
| Other Components | CN¥241.25 Million | 26.06% |
| Total Equity | CN¥925.86 Million | 100.00% |
Zhejiang Dibay Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Dibay Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sequent Scientific Limited
NSE:SEQUENT
|
$529.07 Million |
|
Brainsway Ltd
NASDAQ:BWAY
|
$529.64 Million |
|
mF International Limited Ordinary Shares
NASDAQ:MFI
|
$529.69 Million |
|
V-Mart Retail Limited
NSE:VMART
|
$529.72 Million |
|
ADENTRA INC.
F:UQ0
|
$528.89 Million |
|
Suli Co Ltd
SHG:603585
|
$528.64 Million |
|
Shanghai Yahong Moulding Co Ltd
SHG:603159
|
$528.55 Million |
|
Hunan Mendale Hometextile Co Ltd
SHE:002397
|
$528.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Dibay Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 823,576,299 to 925,862,482, a change of 102,286,183 (12.4%).
- Net income of 66,630,996 contributed positively to equity growth.
- Dividend payments of 17,064,259 reduced retained earnings.
- Other comprehensive income decreased equity by 1,478,724.
- Other factors increased equity by 54,198,170.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥66.63 Million | +7.2% |
| Dividends Paid | CN¥17.06 Million | -1.84% |
| Other Comprehensive Income | CN¥-1.48 Million | -0.16% |
| Other Changes | CN¥54.20 Million | +5.85% |
| Total Change | CN¥- | 12.42% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Dibay Electric 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: 3.42x
- 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 15.97x to 3.42x 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¥1.52 | CN¥24.24 | x |
| 2012-12-31 | CN¥1.88 | CN¥24.24 | x |
| 2013-12-31 | CN¥2.27 | CN¥24.24 | x |
| 2014-12-31 | CN¥2.63 | CN¥24.24 | x |
| 2015-12-31 | CN¥2.89 | CN¥24.24 | x |
| 2016-12-31 | CN¥3.36 | CN¥24.24 | x |
| 2017-12-31 | CN¥4.96 | CN¥24.24 | x |
| 2018-12-31 | CN¥4.79 | CN¥24.24 | x |
| 2019-12-31 | CN¥5.30 | CN¥24.24 | x |
| 2020-12-31 | CN¥5.50 | CN¥24.24 | x |
| 2021-12-31 | CN¥5.98 | CN¥24.24 | x |
| 2022-12-31 | CN¥6.02 | CN¥24.24 | x |
| 2023-12-31 | CN¥6.34 | CN¥24.24 | x |
| 2024-12-31 | CN¥7.09 | CN¥24.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Dibay Electric 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): 7.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.31%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.51x
- Recent ROE (7.20%) is below the historical average (11.14%), 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 | 27.88% | 7.30% | 1.35x | 2.83x | CN¥26.20 Million |
| 2012 | 19.69% | 7.48% | 1.08x | 2.44x | CN¥17.67 Million |
| 2013 | 18.28% | 8.52% | 0.98x | 2.19x | CN¥18.49 Million |
| 2014 | 12.86% | 7.44% | 0.91x | 1.89x | CN¥7.34 Million |
| 2015 | 9.31% | 6.28% | 0.93x | 1.59x | CN¥-1.95 Million |
| 2016 | 13.97% | 8.97% | 1.03x | 1.51x | CN¥13.05 Million |
| 2017 | 8.69% | 7.88% | 0.90x | 1.23x | CN¥-7.76 Million |
| 2018 | 6.91% | 6.75% | 0.89x | 1.15x | CN¥-19.17 Million |
| 2019 | 5.95% | 5.93% | 0.64x | 1.57x | CN¥-27.87 Million |
| 2020 | 5.81% | 5.73% | 0.63x | 1.60x | CN¥-30.06 Million |
| 2021 | 10.03% | 6.91% | 0.90x | 1.62x | CN¥212.18K |
| 2022 | 4.32% | 3.42% | 0.79x | 1.59x | CN¥-45.04 Million |
| 2023 | 5.04% | 4.47% | 0.72x | 1.58x | CN¥-40.82 Million |
| 2024 | 7.20% | 6.31% | 0.76x | 1.51x | CN¥-25.96 Million |
Industry Comparison
This section compares Zhejiang Dibay Electric Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Dibay Electric Co Ltd (603320) | CN¥1.16 Billion | 27.88% | 0.19x | $529.03 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Zhejiang Dibay Electric Co Ltd
ZHEJIANG DIBAY ELECTRIC CO.,Ltd. engages in the research and development, production, and sale of sealed motors for household, commercial, and vehicle compressors in China and internationally. The company provides household and commercial compressor motors, air conditioner compressor motors, refrigerator and vehicle-mounted DC compressor motors, and piston compressors and scroll compressor motors… Read more