Hangzhou Zongheng Commun (603602) - Net Assets

Latest as of September 2025: CN¥1.08 Billion CNY ≈ $158.06 Million USD

Based on the latest financial reports, Hangzhou Zongheng Commun (603602) has net assets worth CN¥1.08 Billion CNY (≈ $158.06 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¥2.53 Billion ≈ $369.73 Million USD) and total liabilities (CN¥1.45 Billion ≈ $211.67 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 603602 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Hangzhou Zongheng Commun for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Hangzhou Zongheng Commun.

Year	Net Assets	Change
2024-12-31	CN¥1.05 Billion ≈ $154.33 Million	+31.59%
2023-12-31	CN¥801.51 Million ≈ $117.29 Million	+6.86%
2022-12-31	CN¥750.09 Million ≈ $109.76 Million	+2.03%
2021-12-31	CN¥735.14 Million ≈ $107.57 Million	+1.05%
2020-12-31	CN¥727.53 Million ≈ $106.46 Million	+2.39%
2019-12-31	CN¥710.54 Million ≈ $103.98 Million	+4.20%
2018-12-31	CN¥681.90 Million ≈ $99.78 Million	+4.94%
2017-12-31	CN¥649.82 Million ≈ $95.09 Million	+100.46%
2016-12-31	CN¥324.16 Million ≈ $47.43 Million	+16.71%
2015-12-31	CN¥277.74 Million ≈ $40.64 Million	-0.23%
2014-12-31	CN¥278.39 Million ≈ $40.74 Million	+20.93%
2013-12-31	CN¥230.22 Million ≈ $33.69 Million	+25.20%
2012-12-31	CN¥183.88 Million ≈ $26.91 Million	+23.53%
2011-12-31	CN¥148.85 Million ≈ $21.78 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
JMT Network Services Public Company Limited BK:JMT	$445.89 Million
Myriad Genetics Inc NASDAQ:MYGN	$446.03 Million
RDC Semiconductor Co Ltd TWO:3228	$446.09 Million
Guangxi Fenglin Wood Industry Group Co Ltd SHG:601996	$446.15 Million
Charming Medical Limited Class A Ordinary Shares NASDAQ:MCTA	$445.55 Million
Aces Electronics Co Ltd TW:3605	$445.52 Million
Long Yuan Construction Group Co Ltd SHG:600491	$445.46 Million
Unizyx Holding Corp TW:3704	$445.44 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: 2.65x
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 13.67x to 2.65x 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¥13.18	x
2012-12-31	CN¥1.16	CN¥13.18	x
2013-12-31	CN¥1.47	CN¥13.18	x
2014-12-31	CN¥1.78	CN¥13.18	x
2015-12-31	CN¥1.78	CN¥13.18	x
2016-12-31	CN¥2.09	CN¥13.18	x
2017-12-31	CN¥3.77	CN¥13.18	x
2018-12-31	CN¥3.27	CN¥13.18	x
2019-12-31	CN¥3.45	CN¥13.18	x
2020-12-31	CN¥3.57	CN¥13.18	x
2021-12-31	CN¥3.63	CN¥13.18	x
2022-12-31	CN¥3.71	CN¥13.18	x
2023-12-31	CN¥3.83	CN¥13.18	x
2024-12-31	CN¥4.97	CN¥13.18	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: $877,509,294
Average return on equity (ROE) among peers: -0.88%

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	$445.63 Million
Beijing Bewinner Communications Co Ltd (002148)	$1.22 Billion	10.61%	0.11x	$645.38 Million
Net263 Ltd (002467)	$132.02 Million	11.11%	0.91x	$1.37 Billion
Runjian Communication Co Ltd Class A (002929)	$1.19 Billion	20.13%	1.01x	$2.48 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025)	$458.15 Million	6.12%	0.99x	$428.10 Million
Dingli Communications Corp Ltd (300050)	$686.15 Million	-55.19%	0.54x	$582.02 Million
Fuchun Technology Co Ltd (300299)	$406.51 Million	2.82%	0.14x	$622.24 Million
Zhong Fu Tong Co Ltd (300560)	$1.10 Billion	-4.80%	1.47x	$484.45 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766)	$1.58 Billion	-4.10%	0.17x	$1.69 Billion
NOVA Technology Corporation Limited (300921)	$812.59 Million	2.25%	0.17x	$724.56 Million
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959)	$1.19 Billion	2.22%	0.12x	$1.11 Billion

About Hangzhou Zongheng Commun

SHG:603602 China Telecom Services

Market Cap

$445.63 Million

CN¥3.05 Billion CNY

Market Cap Rank

#13150 Global

#4131 in China

Share Price

CN¥13.18

Change (1 day)

+1.78%

52-Week Range

CN¥12.44 - CN¥17.33

All Time High

CN¥177.87