Hangzhou Zongheng Commun
Hangzhou Freely Communication Co., Ltd., together with its subsidiaries, provides communication network technology services in China. The company offers communication network construction and maintenance services; indoor distribution system, base installation, and antenna engineering services; and integrated access services. It also provides digital services for government and enterprise industri… Read more
Hangzhou Zongheng Commun (603602) - Net Assets
Latest net assets as of September 2025: CN¥1.08 Billion CNY
Based on the latest financial reports, Hangzhou Zongheng Commun (603602) has net assets worth CN¥1.08 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.53 Billion) and total liabilities (CN¥1.45 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.08 Billion |
| % of Total Assets | 42.75% |
| Annual Growth Rate | 16.25% |
| 5-Year Change | 44.97% |
| 10-Year Change | 279.74% |
| Growth Volatility | 25.84 |
Hangzhou Zongheng Commun - Net Assets Trend (2011–2024)
This chart illustrates how Hangzhou Zongheng Commun's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hangzhou Zongheng Commun (2011–2024)
The table below shows the annual net assets of Hangzhou Zongheng Commun from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.05 Billion | +31.59% |
| 2023-12-31 | CN¥801.51 Million | +6.86% |
| 2022-12-31 | CN¥750.09 Million | +2.03% |
| 2021-12-31 | CN¥735.14 Million | +1.05% |
| 2020-12-31 | CN¥727.53 Million | +2.39% |
| 2019-12-31 | CN¥710.54 Million | +4.20% |
| 2018-12-31 | CN¥681.90 Million | +4.94% |
| 2017-12-31 | CN¥649.82 Million | +100.46% |
| 2016-12-31 | CN¥324.16 Million | +16.71% |
| 2015-12-31 | CN¥277.74 Million | -0.23% |
| 2014-12-31 | CN¥278.39 Million | +20.93% |
| 2013-12-31 | CN¥230.22 Million | +25.20% |
| 2012-12-31 | CN¥183.88 Million | +23.53% |
| 2011-12-31 | CN¥148.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Zongheng Commun'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 332.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥382.15 Million | 36.73% |
| Common Stock | CN¥229.25 Million | 22.03% |
| Other Comprehensive Income | CN¥44.96 Million | 4.32% |
| Other Components | CN¥384.22 Million | 36.92% |
| Total Equity | CN¥1.04 Billion | 100.00% |
Hangzhou Zongheng Commun Competitors by Market Cap
The table below lists competitors of Hangzhou Zongheng Commun ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ganesh Housing Corporation Limited
NSE:GANESHHOUC
|
$149.95 Million |
|
Digital Aria Co Ltd
KQ:115450
|
$150.03 Million |
|
RONESANS GAYRIMENKUL YAT.
IS:RGYAS
|
$150.04 Million |
|
SEMCNS Co. Ltd.
KQ:252990
|
$150.05 Million |
|
Admicom Oyj
HE:ADMCM
|
$149.87 Million |
|
Global Tax Free Co. Ltd
KQ:204620
|
$149.87 Million |
|
Israir Group Ltd
TA:ISRG
|
$149.84 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$149.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Zongheng Commun's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 786,507,165 to 1,040,576,397, a change of 254,069,232 (32.3%).
- Net income of 18,861,419 contributed positively to equity growth.
- Dividend payments of 23,028,632 reduced retained earnings.
- Share repurchases of 80,091,875 reduced equity.
- Other comprehensive income decreased equity by 16,057,835.
- Other factors increased equity by 354,386,155.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥18.86 Million | +1.81% |
| Dividends Paid | CN¥23.03 Million | -2.21% |
| Share Repurchases | CN¥80.09 Million | -7.7% |
| Other Comprehensive Income | CN¥-16.06 Million | -1.54% |
| Other Changes | CN¥354.39 Million | +34.06% |
| Total Change | CN¥- | 32.30% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Zongheng Commun'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: 2.77x
- 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 14.25x to 2.77x 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¥0.96 | CN¥13.74 | x |
| 2012-12-31 | CN¥1.16 | CN¥13.74 | x |
| 2013-12-31 | CN¥1.47 | CN¥13.74 | x |
| 2014-12-31 | CN¥1.78 | CN¥13.74 | x |
| 2015-12-31 | CN¥1.78 | CN¥13.74 | x |
| 2016-12-31 | CN¥2.09 | CN¥13.74 | x |
| 2017-12-31 | CN¥3.77 | CN¥13.74 | x |
| 2018-12-31 | CN¥3.27 | CN¥13.74 | x |
| 2019-12-31 | CN¥3.45 | CN¥13.74 | x |
| 2020-12-31 | CN¥3.57 | CN¥13.74 | x |
| 2021-12-31 | CN¥3.63 | CN¥13.74 | x |
| 2022-12-31 | CN¥3.71 | CN¥13.74 | x |
| 2023-12-31 | CN¥3.83 | CN¥13.74 | x |
| 2024-12-31 | CN¥4.97 | CN¥13.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Zongheng Commun 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): 1.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.13%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.24x
- Recent ROE (1.81%) is below the historical average (11.04%), 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 | 27.67% | 15.49% | 0.74x | 2.43x | CN¥25.87 Million |
| 2012 | 23.92% | 15.26% | 0.72x | 2.18x | CN¥24.96 Million |
| 2013 | 20.27% | 14.73% | 0.66x | 2.09x | CN¥23.08 Million |
| 2014 | 17.59% | 14.46% | 0.59x | 2.06x | CN¥20.72 Million |
| 2015 | 17.88% | 11.62% | 0.61x | 2.51x | CN¥21.39 Million |
| 2016 | 16.91% | 10.51% | 0.70x | 2.31x | CN¥21.95 Million |
| 2017 | 9.32% | 10.19% | 0.58x | 1.58x | CN¥-4.34 Million |
| 2018 | 6.59% | 7.63% | 0.53x | 1.62x | CN¥-23.02 Million |
| 2019 | 4.09% | 3.32% | 0.71x | 1.72x | CN¥-41.57 Million |
| 2020 | -0.34% | -0.32% | 0.49x | 2.16x | CN¥-75.36 Million |
| 2021 | 1.76% | 1.47% | 0.53x | 2.25x | CN¥-60.92 Million |
| 2022 | 2.90% | 1.93% | 0.71x | 2.11x | CN¥-53.62 Million |
| 2023 | 4.18% | 2.42% | 0.80x | 2.15x | CN¥-45.80 Million |
| 2024 | 1.81% | 1.13% | 0.71x | 2.24x | CN¥-85.20 Million |
Industry Comparison
This section compares Hangzhou Zongheng Commun's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,458,772,401
- Average return on equity (ROE) among peers: 9.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Zongheng Commun (603602) | CN¥1.08 Billion | 27.67% | 1.34x | $149.91 Million |
| Beijing Bewinner Communications Co Ltd (002148) | $1.22 Billion | 10.61% | 0.11x | $437.69 Million |
| Net263 Ltd (002467) | $1.05 Billion | 6.60% | 0.09x | $1.15 Billion |
| Runjian Communication Co Ltd Class A (002929) | $5.98 Billion | 7.34% | 1.48x | $1.04 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $673.56 Million | 2.07% | 0.39x | $332.87 Million |
| Dingli Communications Corp Ltd (300050) | $219.84 Million | 50.65% | 0.36x | $380.27 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $421.56 Million |
| Zhong Fu Tong Co Ltd (300560) | $230.82 Million | 0.00% | 0.55x | $288.57 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.67 Billion | -2.99% | 0.22x | $1.46 Billion |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.17 Billion | 4.30% | 0.15x | $530.67 Million |
| Wintao Communications Co. Ltd (301139) | $1.85 Billion | 6.79% | 0.51x | $169.25 Million |