Zhejiang Weiming Environment Protection Co Ltd (603568) - Net Assets
Based on the latest financial reports, Zhejiang Weiming Environment Protection Co Ltd (603568) has net assets worth CN¥16.51 Billion CNY (≈ $2.42 Billion 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¥29.95 Billion ≈ $4.38 Billion USD) and total liabilities (CN¥13.44 Billion ≈ $1.97 Billion 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 Weiming Environment Protection liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥16.51 Billion |
| % of Total Assets | 55.13% |
| Annual Growth Rate | 28.67% |
| 5-Year Change | 170.75% |
| 10-Year Change | 794.16% |
| Growth Volatility | 15.22 |
Zhejiang Weiming Environment Protection Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Weiming Environment Protection Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Weiming Environment Protection total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Weiming Environment Protection Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Weiming Environment Protection Co Ltd from 2011 to 2024. For live valuation and market cap data, see market value of Zhejiang Weiming Environment Protection .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥15.02 Billion ≈ $2.20 Billion |
+19.85% |
| 2023-12-31 | CN¥12.53 Billion ≈ $1.83 Billion |
+18.88% |
| 2022-12-31 | CN¥10.54 Billion ≈ $1.54 Billion |
+28.75% |
| 2021-12-31 | CN¥8.19 Billion ≈ $1.20 Billion |
+47.59% |
| 2020-12-31 | CN¥5.55 Billion ≈ $811.95 Million |
+31.05% |
| 2019-12-31 | CN¥4.23 Billion ≈ $619.59 Million |
+37.21% |
| 2018-12-31 | CN¥3.09 Billion ≈ $451.55 Million |
+33.43% |
| 2017-12-31 | CN¥2.31 Billion ≈ $338.42 Million |
+20.58% |
| 2016-12-31 | CN¥1.92 Billion ≈ $280.66 Million |
+14.15% |
| 2015-12-31 | CN¥1.68 Billion ≈ $245.86 Million |
+71.77% |
| 2014-12-31 | CN¥978.13 Million ≈ $143.13 Million |
+24.43% |
| 2013-12-31 | CN¥786.12 Million ≈ $115.03 Million |
+18.01% |
| 2012-12-31 | CN¥666.15 Million ≈ $97.48 Million |
+17.59% |
| 2011-12-31 | CN¥566.52 Million ≈ $82.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Weiming Environment Protection 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 4733.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.78 Billion | 73.51% |
| Common Stock | CN¥1.70 Billion | 12.81% |
| Other Components | CN¥1.82 Billion | 13.67% |
| Total Equity | CN¥13.31 Billion | 100.00% |
Zhejiang Weiming Environment Protection Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Weiming Environment Protection Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blue Owl Capital Corporation
NYSE:OBDC
|
$5.37 Billion |
|
Maha Properti Indonesia Tbk PT
JK:MPRO
|
$5.37 Billion |
|
Atlantic Union Bankshares Corp
NYSE:AUB
|
$5.37 Billion |
|
Oberbank AG
VI:OBS
|
$5.38 Billion |
|
Shanghai Fudan Microelectronics Group Co Ltd
SHG:688385
|
$5.37 Billion |
|
OrangePL
WAR:OPL
|
$5.37 Billion |
|
Lien Viet Post Joint Stock Commercial Bank
VN:LPB
|
$5.37 Billion |
|
Kanzhun Ltd ADR
NASDAQ:BZ
|
$5.37 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Weiming Environment Protection Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,101,962,563 to 13,305,518,526, a change of 2,203,555,963 (19.8%).
- Net income of 2,703,879,862 contributed positively to equity growth.
- Dividend payments of 626,815,721 reduced retained earnings.
- Share repurchases of 179,998,659 reduced equity.
- Other factors increased equity by 306,490,481.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.70 Billion | +20.32% |
| Dividends Paid | CN¥626.82 Million | -4.71% |
| Share Repurchases | CN¥180.00 Million | -1.35% |
| Other Changes | CN¥306.49 Million | +2.3% |
| Total Change | CN¥- | 19.85% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Weiming Environment Protection 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: 2.81x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 53.20x to 2.81x 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¥0.40 | CN¥21.47 | x |
| 2012-12-31 | CN¥0.48 | CN¥21.47 | x |
| 2013-12-31 | CN¥0.56 | CN¥21.47 | x |
| 2014-12-31 | CN¥0.71 | CN¥21.47 | x |
| 2015-12-31 | CN¥1.14 | CN¥21.47 | x |
| 2016-12-31 | CN¥1.23 | CN¥21.47 | x |
| 2017-12-31 | CN¥1.48 | CN¥21.47 | x |
| 2018-12-31 | CN¥1.97 | CN¥21.47 | x |
| 2019-12-31 | CN¥2.73 | CN¥21.47 | x |
| 2020-12-31 | CN¥3.36 | CN¥21.47 | x |
| 2021-12-31 | CN¥4.51 | CN¥21.47 | x |
| 2022-12-31 | CN¥5.48 | CN¥21.47 | x |
| 2023-12-31 | CN¥6.45 | CN¥21.47 | x |
| 2024-12-31 | CN¥7.63 | CN¥21.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Weiming Environment Protection 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): 20.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.71%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 2.07x
- Recent ROE (20.32%) is above the historical average (19.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 12.31% | 25.06% | 0.14x | 3.62x | CN¥13.07 Million |
| 2012 | 17.51% | 29.50% | 0.16x | 3.71x | CN¥50.02 Million |
| 2013 | 21.75% | 32.23% | 0.20x | 3.42x | CN¥92.36 Million |
| 2014 | 22.76% | 33.37% | 0.24x | 2.87x | CN¥124.80 Million |
| 2015 | 17.34% | 43.16% | 0.22x | 1.80x | CN¥123.34 Million |
| 2016 | 17.13% | 47.40% | 0.21x | 1.75x | CN¥136.76 Million |
| 2017 | 21.98% | 49.24% | 0.26x | 1.71x | CN¥276.29 Million |
| 2018 | 24.05% | 47.83% | 0.27x | 1.86x | CN¥432.31 Million |
| 2019 | 23.14% | 47.81% | 0.29x | 1.64x | CN¥553.35 Million |
| 2020 | 22.90% | 40.25% | 0.30x | 1.91x | CN¥708.32 Million |
| 2021 | 20.98% | 37.42% | 0.29x | 1.92x | CN¥840.14 Million |
| 2022 | 17.92% | 37.20% | 0.22x | 2.18x | CN¥735.27 Million |
| 2023 | 18.45% | 34.00% | 0.25x | 2.17x | CN¥938.29 Million |
| 2024 | 20.32% | 37.71% | 0.26x | 2.07x | CN¥1.37 Billion |
Industry Comparison
This section compares Zhejiang Weiming Environment Protection Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,067,859,741
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Weiming Environment Protection Co Ltd (603568) | CN¥16.51 Billion | 12.31% | 0.81x | $5.37 Billion |
| China Tianying Inc (000035) | $2.06 Billion | 10.27% | 1.91x | $2.28 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $325.53 Million | -9.31% | 0.66x | $2.06 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $599.78 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $130.73 Million | 28.96% | 1.01x | $408.81 Million |
| Wangneng Environment Co Ltd (002034) | $424.84 Million | 9.00% | 0.73x | $1.11 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $12.65 Billion | 0.13% | 2.35x | $2.69 Billion |
| GEM Co Ltd (002340) | $10.22 Billion | 7.14% | 1.44x | $6.83 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.45 Billion | 8.50% | 0.33x | $585.42 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $462.58 Million | 21.52% | 0.41x | $752.89 Million |
| Tongxing Environmental Protection (003027) | $1.79 Billion | 6.69% | 0.51x | $453.74 Million |
About Zhejiang Weiming Environment Protection Co Ltd
Zhejiang Weiming Environment Protection Co., Ltd. engages in the investment, manufacture, construction, and operation of environment protection equipment in China and internationally. It offers household and kitchen waste treatment, urban domestic waste incineration power generation, sewage treatment, forestry and agricultural waste treatment, water and sludge treatment, hazardous wastes treatmen… Read more