Zhenhai PetroChem Engineering (603637) - Net Assets
Based on the latest financial reports, Zhenhai PetroChem Engineering (603637) has net assets worth CN¥1.04 Billion CNY (≈ $152.75 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.31 Billion ≈ $191.65 Million USD) and total liabilities (CN¥265.87 Million ≈ $38.91 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 603637 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.04 Billion |
| % of Total Assets | 79.7% |
| Annual Growth Rate | 11.14% |
| 5-Year Change | 28.07% |
| 10-Year Change | 173.13% |
| Growth Volatility | 21.24 |
Zhenhai PetroChem Engineering - Net Assets Trend (2011–2025)
This chart illustrates how Zhenhai PetroChem Engineering's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603637 stock market capitalisation.
Annual Net Assets for Zhenhai PetroChem Engineering (2011–2025)
The table below shows the annual net assets of Zhenhai PetroChem Engineering from 2011 to 2025. Also explore Zhenhai PetroChem Engineering equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.05 Billion ≈ $153.02 Million |
+1.79% |
| 2024-12-31 | CN¥1.03 Billion ≈ $150.33 Million |
+6.89% |
| 2023-12-31 | CN¥961.14 Million ≈ $140.64 Million |
+7.88% |
| 2022-12-31 | CN¥890.91 Million ≈ $130.37 Million |
+9.11% |
| 2021-12-31 | CN¥816.51 Million ≈ $119.48 Million |
+0.82% |
| 2020-12-31 | CN¥809.89 Million ≈ $118.51 Million |
+4.40% |
| 2019-12-31 | CN¥775.76 Million ≈ $113.52 Million |
+2.75% |
| 2018-12-31 | CN¥754.98 Million ≈ $110.48 Million |
+5.05% |
| 2017-12-31 | CN¥718.70 Million ≈ $105.17 Million |
+87.72% |
| 2016-12-31 | CN¥382.86 Million ≈ $56.03 Million |
+13.63% |
| 2015-12-31 | CN¥336.94 Million ≈ $49.30 Million |
+15.47% |
| 2014-12-31 | CN¥291.81 Million ≈ $42.70 Million |
+10.63% |
| 2013-12-31 | CN¥263.77 Million ≈ $38.60 Million |
+6.80% |
| 2012-12-31 | CN¥246.97 Million ≈ $36.14 Million |
+3.59% |
| 2011-12-31 | CN¥238.42 Million ≈ $34.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhenhai PetroChem Engineering'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 364.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥498.27 Million | 47.65% |
| Other Components | CN¥547.46 Million | 52.35% |
| Total Equity | CN¥1.05 Billion | 100.00% |
Zhenhai PetroChem Engineering Competitors by Market Cap
The table below lists competitors of Zhenhai PetroChem Engineering ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Etrol Technologies Co Ltd
SHE:300370
|
$508.52 Million |
|
Shanghai ZJ Bio-Tech Co. Ltd. A
SHG:688317
|
$508.65 Million |
|
Beijing Waluer Information Technology Co. Ltd. A
SHE:301380
|
$508.76 Million |
|
Zhongjin Irradiation Incorporated Company
SHE:300962
|
$508.78 Million |
|
Sijin Intelligent Forming Machinery
SHE:003025
|
$508.17 Million |
|
Binggrae
KO:005180
|
$508.12 Million |
|
Shanghai Shine-Link Intl
SHG:603648
|
$508.05 Million |
|
Rolex Rings Limited
NSE:ROLEXRINGS
|
$508.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhenhai PetroChem Engineering's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,027,346,041 to 1,045,728,465, a change of 18,382,424 (1.8%).
- Net income of 66,119,600 contributed positively to equity growth.
- Dividend payments of 47,737,175 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥66.12 Million | +6.32% |
| Dividends Paid | CN¥47.74 Million | -4.56% |
| Other Changes | CN¥0.06 | +0.0% |
| Total Change | CN¥- | 1.79% |
Book Value vs Market Value Analysis
This analysis compares Zhenhai PetroChem Engineering'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: 3.32x
- 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 11.11x to 3.32x 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¥1.31 | CN¥14.55 | x |
| 2012-12-31 | CN¥1.36 | CN¥14.55 | x |
| 2013-12-31 | CN¥1.45 | CN¥14.55 | x |
| 2014-12-31 | CN¥1.61 | CN¥14.55 | x |
| 2015-12-31 | CN¥1.85 | CN¥14.55 | x |
| 2016-12-31 | CN¥2.09 | CN¥14.55 | x |
| 2017-12-31 | CN¥3.01 | CN¥14.55 | x |
| 2018-12-31 | CN¥3.11 | CN¥14.55 | x |
| 2019-12-31 | CN¥3.24 | CN¥14.55 | x |
| 2020-12-31 | CN¥3.36 | CN¥14.55 | x |
| 2021-12-31 | CN¥3.38 | CN¥14.55 | x |
| 2022-12-31 | CN¥3.72 | CN¥14.55 | x |
| 2023-12-31 | CN¥3.99 | CN¥14.55 | x |
| 2024-12-31 | CN¥4.33 | CN¥14.55 | x |
| 2025-12-31 | CN¥4.38 | CN¥14.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhenhai PetroChem Engineering 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.31%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.29x
- Recent ROE (6.32%) is below the historical average (13.40%), 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 | 28.72% | 15.88% | 1.01x | 1.79x | CN¥44.63 Million |
| 2012 | 22.11% | 9.58% | 1.37x | 1.69x | CN¥29.90 Million |
| 2013 | 17.27% | 20.36% | 0.60x | 1.40x | CN¥19.19 Million |
| 2014 | 19.47% | 22.13% | 0.68x | 1.29x | CN¥27.64 Million |
| 2015 | 21.93% | 13.32% | 1.02x | 1.61x | CN¥40.21 Million |
| 2016 | 15.75% | 19.80% | 0.57x | 1.41x | CN¥22.03 Million |
| 2017 | 6.17% | 15.17% | 0.32x | 1.28x | CN¥-27.51 Million |
| 2018 | 7.11% | 8.47% | 0.62x | 1.35x | CN¥-21.82 Million |
| 2019 | 7.41% | 5.57% | 0.77x | 1.73x | CN¥-20.07 Million |
| 2020 | 8.04% | 5.94% | 0.79x | 1.71x | CN¥-15.86 Million |
| 2021 | 9.17% | 6.81% | 0.77x | 1.74x | CN¥-6.76 Million |
| 2022 | 11.57% | 17.94% | 0.41x | 1.58x | CN¥13.96 Million |
| 2023 | 10.53% | 17.30% | 0.41x | 1.47x | CN¥5.14 Million |
| 2024 | 9.46% | 18.79% | 0.38x | 1.34x | CN¥-5.50 Million |
| 2025 | 6.32% | 14.31% | 0.34x | 1.29x | CN¥-38.45 Million |
Industry Comparison
This section compares Zhenhai PetroChem Engineering's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $4,217,274,030
- Average return on equity (ROE) among peers: 3.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhenhai PetroChem Engineering (603637) | CN¥1.04 Billion | 28.72% | 0.25x | $508.19 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $93.42 Million | 5.37% | 1.55x | $264.12 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $823.36 Million | 10.59% | 1.23x | $2.58 Billion |
| NORINCO International Cooperation Ltd (000065) | $513.50 Million | 2.74% | 1.86x | $1.71 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $1.81 Billion | 6.18% | 1.19x | $984.34 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $32.67 Billion | 7.00% | 3.27x | $1.16 Billion |
| Jinyuan Cement Co Ltd (000546) | $1.71 Billion | 7.57% | 1.39x | $506.39 Million |
| Hunan Investment Group Co Ltd (000548) | $436.88 Million | -21.31% | 1.34x | $338.96 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $1.69 Billion | 14.25% | 3.93x | $3.10 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $218.83 Million | 6.01% | 2.28x | $620.33 Million |
| Hainan Expressway Co Ltd (000886) | $2.20 Billion | 0.56% | 1.33x | $681.52 Million |
About Zhenhai PetroChem Engineering
Zhenhai Petrochemical Engineering Co., Ltd. engages in general contracting, engineering consulting, engineering design, and engineering supervision in China. The company is involved in engineering management, supervision, engineering valuation, engineering bidding agency, and other activities; and plant-wide planning, project application reports, feasibility studies, overall design of large and c… Read more