Zhejiang Chenfeng Science and Technology Co Ltd Class A (603685) - Net Assets
Based on the latest financial reports, Zhejiang Chenfeng Science and Technology Co Ltd Class A (603685) has net assets worth CN¥1.29 Billion CNY (≈ $189.38 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¥3.46 Billion ≈ $506.60 Million USD) and total liabilities (CN¥2.17 Billion ≈ $317.21 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 Zhejiang Chenfeng Science and Technology asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.29 Billion |
| % of Total Assets | 37.38% |
| Annual Growth Rate | 20.62% |
| 5-Year Change | 5.64% |
| 10-Year Change | 372.36% |
| Growth Volatility | 45.92 |
Zhejiang Chenfeng Science and Technology Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Zhejiang Chenfeng Science and Technology Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Chenfeng Science and Technology assets under control for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Chenfeng Science and Technology Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Zhejiang Chenfeng Science and Technology Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see how much is Zhejiang Chenfeng Science and Technology worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.17 Billion ≈ $171.61 Million |
-2.30% |
| 2023-12-31 | CN¥1.20 Billion ≈ $175.64 Million |
+7.02% |
| 2022-12-31 | CN¥1.12 Billion ≈ $164.12 Million |
-7.51% |
| 2021-12-31 | CN¥1.21 Billion ≈ $177.45 Million |
+9.23% |
| 2020-12-31 | CN¥1.11 Billion ≈ $162.45 Million |
+1.99% |
| 2019-12-31 | CN¥1.09 Billion ≈ $159.29 Million |
+9.14% |
| 2018-12-31 | CN¥997.36 Million ≈ $145.95 Million |
+10.70% |
| 2017-12-31 | CN¥900.98 Million ≈ $131.84 Million |
+164.39% |
| 2016-12-31 | CN¥340.78 Million ≈ $49.87 Million |
+37.26% |
| 2015-12-31 | CN¥248.27 Million ≈ $36.33 Million |
+40.22% |
| 2014-12-31 | CN¥177.06 Million ≈ $25.91 Million |
+18.70% |
| 2013-12-31 | CN¥149.17 Million ≈ $21.83 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Chenfeng Science and Technology Co Ltd Class A'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 313.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥413.31 Million | 35.92% |
| Common Stock | CN¥169.01 Million | 14.69% |
| Other Comprehensive Income | CN¥74.81 Million | 6.50% |
| Other Components | CN¥493.63 Million | 42.90% |
| Total Equity | CN¥1.15 Billion | 100.00% |
Zhejiang Chenfeng Science and Technology Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Zhejiang Chenfeng Science and Technology Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hotai Finance Corp
TW:6592
|
$1.21 Billion |
|
Onechance
SHE:300792
|
$1.21 Billion |
|
LAMDA Development S.A.
AT:LAMDA
|
$1.21 Billion |
|
PROG Holdings Inc
NYSE:PRG
|
$1.21 Billion |
|
Central Plains Environment Protection Co Ltd
SHE:000544
|
$1.21 Billion |
|
Chongqing Gas Grp Corp Ltd
SHG:600917
|
$1.20 Billion |
|
Mainstreet Equity Corp.
TO:MEQ
|
$1.20 Billion |
|
Isiklar Enerji ve Yapi Holding AS
IS:IEYHO
|
$1.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Chenfeng Science and Technology Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,175,096,124 to 1,150,759,945, a change of -24,336,179 (-2.1%).
- Net income of 11,086,963 contributed positively to equity growth.
- Dividend payments of 83,592,801 reduced retained earnings.
- Other comprehensive income increased equity by 74,810,605.
- Other factors decreased equity by 26,640,946.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.09 Million | +0.96% |
| Dividends Paid | CN¥83.59 Million | -7.26% |
| Other Comprehensive Income | CN¥74.81 Million | +6.5% |
| Other Changes | CN¥-26.64 Million | -2.32% |
| Total Change | CN¥- | -2.07% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Chenfeng Science and Technology Co Ltd Class A'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: 4.52x
- 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 22.50x to 4.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.46 | CN¥32.82 | x |
| 2014-12-31 | CN¥1.73 | CN¥32.82 | x |
| 2015-12-31 | CN¥2.50 | CN¥32.82 | x |
| 2016-12-31 | CN¥2.68 | CN¥32.82 | x |
| 2017-12-31 | CN¥6.93 | CN¥32.82 | x |
| 2018-12-31 | CN¥5.76 | CN¥32.82 | x |
| 2019-12-31 | CN¥6.21 | CN¥32.82 | x |
| 2020-12-31 | CN¥6.35 | CN¥32.82 | x |
| 2021-12-31 | CN¥6.91 | CN¥32.82 | x |
| 2022-12-31 | CN¥6.48 | CN¥32.82 | x |
| 2023-12-31 | CN¥7.01 | CN¥32.82 | x |
| 2024-12-31 | CN¥7.27 | CN¥32.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Chenfeng Science and Technology Co Ltd Class A 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): 0.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.88%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.14x
- Recent ROE (0.96%) is below the historical average (11.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 19.57% | 10.42% | 1.13x | 1.66x | CN¥13.85 Million |
| 2014 | 15.78% | 8.97% | 1.07x | 1.64x | CN¥9.93 Million |
| 2015 | 23.65% | 12.71% | 1.14x | 1.63x | CN¥33.89 Million |
| 2016 | 27.15% | 15.91% | 1.27x | 1.35x | CN¥58.43 Million |
| 2017 | 12.43% | 14.41% | 0.79x | 1.09x | CN¥21.86 Million |
| 2018 | 10.77% | 11.92% | 0.64x | 1.41x | CN¥7.48 Million |
| 2019 | 10.68% | 10.03% | 0.72x | 1.48x | CN¥7.08 Million |
| 2020 | 9.45% | 8.65% | 0.66x | 1.65x | CN¥-5.90 Million |
| 2021 | 8.61% | 6.49% | 0.62x | 2.13x | CN¥-16.25 Million |
| 2022 | -5.42% | -5.11% | 0.53x | 2.00x | CN¥-168.95 Million |
| 2023 | 7.14% | 6.75% | 0.37x | 2.89x | CN¥-33.65 Million |
| 2024 | 0.96% | 0.88% | 0.35x | 3.14x | CN¥-103.99 Million |
Industry Comparison
This section compares Zhejiang Chenfeng Science and Technology Co Ltd Class A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,684,451,591
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Chenfeng Science and Technology Co Ltd Class A (603685) | CN¥1.29 Billion | 19.57% | 1.67x | $1.21 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $377.84 Million | -26.68% | 6.81x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.34 Billion | 8.70% | 0.29x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.90 Billion | 2.65% | 0.72x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $692.15 Million | 13.19% | 0.78x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $502.87 Million | 29.75% | 1.40x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.33 Million | -7.97% | 0.17x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $9.75 Billion |
About Zhejiang Chenfeng Science and Technology Co Ltd Class A
Zhejiang Chenfeng Technology Co., Ltd. engages in the research, development, manufacture, and sale of lighting product components in China and internationally. It operates through Lighting Business and New Energy Business segments. The company offers LED lighting heat sink series, lighting printed circuit board series, lamp head series, and lighting metal parts series. It also provides LED bulb l… Read more