Zhejiang Great Shengda Packaging Co Ltd
Zhejiang Great Shengda Packaging Co.,Ltd. develops, produces, and sells paper packaging products. It offers watermark cartons, preprint products, creative products, paper trays and paper corners, fine packaging, and boutique packaging products. The company also provides corrugated boxes, cardboards, high-end wine packages, fine cigarette packages, degradable pulp and environmentally friendly tabl… Read more
Zhejiang Great Shengda Packaging Co Ltd (603687) - Net Assets
Latest net assets as of September 2025: CN¥3.47 Billion CNY
Based on the latest financial reports, Zhejiang Great Shengda Packaging Co Ltd (603687) has net assets worth CN¥3.47 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¥4.34 Billion) and total liabilities (CN¥866.06 Million). 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¥3.47 Billion |
| % of Total Assets | 80.04% |
| Annual Growth Rate | 17.95% |
| 5-Year Change | 95.24% |
| 10-Year Change | 383.67% |
| Growth Volatility | 22.82 |
Zhejiang Great Shengda Packaging Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Zhejiang Great Shengda Packaging Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Great Shengda Packaging Co Ltd (2014–2024)
The table below shows the annual net assets of Zhejiang Great Shengda Packaging Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.54 Billion | +0.36% |
| 2023-12-31 | CN¥3.53 Billion | +56.01% |
| 2022-12-31 | CN¥2.26 Billion | +17.83% |
| 2021-12-31 | CN¥1.92 Billion | +5.83% |
| 2020-12-31 | CN¥1.81 Billion | +24.21% |
| 2019-12-31 | CN¥1.46 Billion | +39.85% |
| 2018-12-31 | CN¥1.04 Billion | +13.15% |
| 2017-12-31 | CN¥922.58 Million | +54.91% |
| 2016-12-31 | CN¥595.54 Million | -18.64% |
| 2015-12-31 | CN¥731.95 Million | +7.74% |
| 2014-12-31 | CN¥679.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Great Shengda Packaging 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 192.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥864.64 Million | 26.53% |
| Common Stock | CN¥550.03 Million | 16.88% |
| Other Comprehensive Income | CN¥112.29 Million | 3.45% |
| Other Components | CN¥1.73 Billion | 53.14% |
| Total Equity | CN¥3.26 Billion | 100.00% |
Zhejiang Great Shengda Packaging Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Great Shengda Packaging Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Run Long Construction Co Ltd
TW:1808
|
$368.38 Million |
|
Betagro PCL
BK:BTG
|
$368.54 Million |
|
PolyNovo Limited
PINK:CALZF
|
$368.65 Million |
|
Hana Microelectronics Public Company Limited
PINK:HMICF
|
$368.67 Million |
|
Maxell Holdings Ltd
F:0H2
|
$368.08 Million |
|
Beijing Hezong Science&Technology Co Ltd
SHE:300477
|
$368.00 Million |
|
THARISA NON LIST. DL-001
F:7YZ
|
$367.88 Million |
|
Lontrue Co Ltd
SHE:300175
|
$367.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Great Shengda Packaging Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,237,040,823 to 3,258,789,000, a change of 21,748,177 (0.7%).
- Net income of 106,257,291 contributed positively to equity growth.
- Dividend payments of 29,008,519 reduced retained earnings.
- Share repurchases of 50,095,035 reduced equity.
- Other comprehensive income increased equity by 16,834,233.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥106.26 Million | +3.26% |
| Dividends Paid | CN¥29.01 Million | -0.89% |
| Share Repurchases | CN¥50.10 Million | -1.54% |
| Other Comprehensive Income | CN¥16.83 Million | +0.52% |
| Other Changes | CN¥-22.24 Million | -0.68% |
| Total Change | CN¥- | 0.67% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Great Shengda Packaging 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: 1.66x
- 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 4.16x to 1.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.38 | CN¥9.91 | x |
| 2015-12-31 | CN¥2.53 | CN¥9.91 | x |
| 2016-12-31 | CN¥2.02 | CN¥9.91 | x |
| 2017-12-31 | CN¥2.60 | CN¥9.91 | x |
| 2018-12-31 | CN¥2.80 | CN¥9.91 | x |
| 2019-12-31 | CN¥3.52 | CN¥9.91 | x |
| 2020-12-31 | CN¥4.40 | CN¥9.91 | x |
| 2021-12-31 | CN¥4.60 | CN¥9.91 | x |
| 2022-12-31 | CN¥4.87 | CN¥9.91 | x |
| 2023-12-31 | CN¥7.31 | CN¥9.91 | x |
| 2024-12-31 | CN¥5.98 | CN¥9.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Great Shengda Packaging 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): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.99%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.37x
- Recent ROE (3.26%) is below the historical average (7.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 2.39% | 1.75% | 0.83x | 1.65x | CN¥-49.04 Million |
| 2015 | 5.12% | 3.46% | 0.90x | 1.64x | CN¥-33.44 Million |
| 2016 | 8.91% | 4.49% | 0.91x | 2.17x | CN¥-5.98 Million |
| 2017 | 18.46% | 13.57% | 0.80x | 1.70x | CN¥75.23 Million |
| 2018 | 13.93% | 11.00% | 0.65x | 1.94x | CN¥39.91 Million |
| 2019 | 7.30% | 8.34% | 0.59x | 1.48x | CN¥-39.06 Million |
| 2020 | 15.43% | 20.64% | 0.47x | 1.59x | CN¥98.12 Million |
| 2021 | 5.12% | 5.86% | 0.57x | 1.52x | CN¥-93.03 Million |
| 2022 | 5.16% | 5.12% | 0.60x | 1.69x | CN¥-98.83 Million |
| 2023 | 2.74% | 4.40% | 0.46x | 1.36x | CN¥-235.15 Million |
| 2024 | 3.26% | 4.99% | 0.48x | 1.37x | CN¥-219.62 Million |
Industry Comparison
This section compares Zhejiang Great Shengda Packaging Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $1,132,655,863
- Average return on equity (ROE) among peers: 14.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Great Shengda Packaging Co Ltd (603687) | CN¥3.47 Billion | 2.39% | 0.25x | $368.21 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $1.48 Billion | 8.64% | 0.67x | $856.84 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.01 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.70 Billion | 0.34% | 0.06x | $340.02 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $334.24 Million | 16.95% | 2.25x | $888.99 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $4.46 Billion | 3.96% | 2.41x | $2.97 Billion |
| Xiamen Anne Corp Ltd (002235) | $453.96 Million | 11.63% | 0.34x | $679.45 Million |
| Qifeng New Material Co Ltd (002521) | $382.94 Million | 31.00% | 1.37x | $387.93 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $1.32 Billion | 13.98% | 0.36x | $251.60 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $96.98 Million | 33.95% | 2.34x | $282.96 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $519.79 Million | 14.19% | 0.64x | $808.66 Million |