Zhejiang Great Shengda Packaging Co Ltd (603687) - Net Assets
Based on the latest financial reports, Zhejiang Great Shengda Packaging Co Ltd (603687) has net assets worth CN¥3.51 Billion CNY (≈ $513.54 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.57 Billion ≈ $669.08 Million USD) and total liabilities (CN¥1.06 Billion ≈ $155.54 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 603687 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.51 Billion |
| % of Total Assets | 76.75% |
| Annual Growth Rate | 16.08% |
| 5-Year Change | 82.54% |
| 10-Year Change | 488.2% |
| Growth Volatility | 22.6 |
Zhejiang Great Shengda Packaging Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Zhejiang Great Shengda Packaging Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Zhejiang Great Shengda Packaging Co Ltd.
Annual Net Assets for Zhejiang Great Shengda Packaging Co Ltd (2014–2025)
The table below shows the annual net assets of Zhejiang Great Shengda Packaging Co Ltd from 2014 to 2025. Also explore Zhejiang Great Shengda Packaging Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.50 Billion ≈ $512.60 Million |
-1.05% |
| 2024-12-31 | CN¥3.54 Billion ≈ $518.05 Million |
+0.36% |
| 2023-12-31 | CN¥3.53 Billion ≈ $516.21 Million |
+56.01% |
| 2022-12-31 | CN¥2.26 Billion ≈ $330.89 Million |
+17.83% |
| 2021-12-31 | CN¥1.92 Billion ≈ $280.81 Million |
+5.83% |
| 2020-12-31 | CN¥1.81 Billion ≈ $265.35 Million |
+24.21% |
| 2019-12-31 | CN¥1.46 Billion ≈ $213.62 Million |
+39.85% |
| 2018-12-31 | CN¥1.04 Billion ≈ $152.75 Million |
+13.15% |
| 2017-12-31 | CN¥922.58 Million ≈ $135.00 Million |
+54.91% |
| 2016-12-31 | CN¥595.54 Million ≈ $87.15 Million |
-18.64% |
| 2015-12-31 | CN¥731.95 Million ≈ $107.11 Million |
+7.74% |
| 2014-12-31 | CN¥679.40 Million ≈ $99.42 Million |
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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 202.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥894.46 Million | 27.51% |
| Other Components | CN¥2.36 Billion | 72.49% |
| Total Equity | CN¥3.25 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 |
|---|---|
|
Cronos Group Inc
TO:CRON
|
$1.29 Billion |
|
Omeros Corporation
NASDAQ:OMER
|
$1.29 Billion |
|
Greenbrier Companies Inc
NYSE:GBX
|
$1.29 Billion |
|
Max Stock Ltd
TA:MAXO
|
$1.29 Billion |
|
ROMANDE ENERGIE SA
SW:REHN
|
$1.29 Billion |
|
Shenzhen Laibao High-Technology Co Ltd
SHE:002106
|
$1.29 Billion |
|
China Yuchai International Limited
F:CYD
|
$1.29 Billion |
|
Xiamen Meiya Pico Information
SHE:300188
|
$1.29 Billion |
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 2024 to 2025, total equity changed from 3,258,789,000 to 3,251,281,214, a change of -7,507,786 (-0.2%).
- Net income of 77,116,580 contributed positively to equity growth.
- Dividend payments of 12,475,430 reduced retained earnings.
- Other comprehensive income decreased equity by 112,286,793.
- Other factors increased equity by 40,137,858.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥77.12 Million | +2.37% |
| Dividends Paid | CN¥12.48 Million | -0.38% |
| Other Comprehensive Income | CN¥-112.29 Million | -3.45% |
| Other Changes | CN¥40.14 Million | +1.23% |
| Total Change | CN¥- | -0.23% |
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: 2.72x
- 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 6.71x to 2.72x 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¥2.40 | CN¥16.07 | x |
| 2015-12-31 | CN¥2.54 | CN¥16.07 | x |
| 2016-12-31 | CN¥2.02 | CN¥16.07 | x |
| 2017-12-31 | CN¥2.60 | CN¥16.07 | x |
| 2018-12-31 | CN¥2.80 | CN¥16.07 | x |
| 2019-12-31 | CN¥3.84 | CN¥16.07 | x |
| 2020-12-31 | CN¥4.41 | CN¥16.07 | x |
| 2021-12-31 | CN¥4.69 | CN¥16.07 | x |
| 2022-12-31 | CN¥4.85 | CN¥16.07 | x |
| 2023-12-31 | CN¥7.31 | CN¥16.07 | x |
| 2024-12-31 | CN¥5.83 | CN¥16.07 | x |
| 2025-12-31 | CN¥5.91 | CN¥16.07 | 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): 2.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.50%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.38x
- Recent ROE (2.37%) is below the historical average (7.52%), 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% | 4.97% | 0.63x | 1.64x | CN¥-33.44 Million |
| 2016 | 8.91% | 5.56% | 0.74x | 2.17x | CN¥-5.98 Million |
| 2017 | 18.46% | 13.70% | 0.79x | 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 |
| 2025 | 2.37% | 3.50% | 0.49x | 1.38x | CN¥-248.01 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: $2,439,624,465
- Average return on equity (ROE) among peers: 7.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Great Shengda Packaging Co Ltd (603687) | CN¥3.51 Billion | 2.39% | 0.30x | $1.29 Billion |
| Shandong Chenming Paper Holdings Ltd (000488) | $1.48 Billion | 8.64% | 0.67x | $497.01 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $666.29 Million | 6.91% | 2.58x | $1.58 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $144.42 Million | 26.20% | 1.21x | $502.95 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $1.71 Billion | -12.15% | 1.34x | $882.69 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $3.14 Billion | 7.29% | 1.63x | $5.88 Billion |
| Xiamen Anne Corp Ltd (002235) | $97.49 Million | 21.31% | 1.31x | $689.50 Million |
| Qifeng New Material Co Ltd (002521) | $140.79 Million | 25.30% | 5.24x | $524.51 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $14.74 Billion | 5.67% | 0.91x | $54.10 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $795.60 Million | 9.42% | 0.71x | $365.33 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $1.47 Billion | -21.71% | 1.39x | $1.22 Billion |
About Zhejiang Great Shengda Packaging Co Ltd
Zhejiang Great Shengda Packaging Co.,Ltd. develops, produces, and sells paper packaging products. It offers watermark cardboard, offset printed and preprinted colour boxes, creative products, paper trays and paper corners, fine packaging, and boutique packaging products. The company also provides corrugated boxes, cardboard, high-end wine packages, fine cigarette packages, degradable pulp and env… Read more