Zhejiang Shengyang Science (603703) - Net Assets
Based on the latest financial reports, Zhejiang Shengyang Science (603703) has net assets worth CN¥856.38 Million CNY (≈ $125.31 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¥1.96 Billion ≈ $286.35 Million USD) and total liabilities (CN¥1.10 Billion ≈ $161.03 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 Shengyang Science liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥856.38 Million |
| % of Total Assets | 43.76% |
| Annual Growth Rate | 14.61% |
| 5-Year Change | -31.61% |
| 10-Year Change | 55.65% |
| Growth Volatility | 39.14 |
Zhejiang Shengyang Science - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Shengyang Science's net assets have evolved over time, based on quarterly financial data. Also explore 603703 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Shengyang Science (2011–2024)
The table below shows the annual net assets of Zhejiang Shengyang Science from 2011 to 2024. For live valuation and market cap data, see Zhejiang Shengyang Science market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥821.88 Million ≈ $120.27 Million |
-4.93% |
| 2023-12-31 | CN¥864.51 Million ≈ $126.50 Million |
+0.93% |
| 2022-12-31 | CN¥856.51 Million ≈ $125.33 Million |
-9.08% |
| 2021-12-31 | CN¥942.05 Million ≈ $137.85 Million |
-21.61% |
| 2020-12-31 | CN¥1.20 Billion ≈ $175.85 Million |
+115.89% |
| 2019-12-31 | CN¥556.64 Million ≈ $81.45 Million |
+3.90% |
| 2018-12-31 | CN¥535.74 Million ≈ $78.40 Million |
-0.69% |
| 2017-12-31 | CN¥539.47 Million ≈ $78.94 Million |
+3.91% |
| 2016-12-31 | CN¥519.16 Million ≈ $75.97 Million |
-1.68% |
| 2015-12-31 | CN¥528.03 Million ≈ $77.27 Million |
+95.11% |
| 2014-12-31 | CN¥270.63 Million ≈ $39.60 Million |
+25.51% |
| 2013-12-31 | CN¥215.63 Million ≈ $31.55 Million |
+20.03% |
| 2012-12-31 | CN¥179.64 Million ≈ $26.29 Million |
+28.69% |
| 2011-12-31 | CN¥139.60 Million ≈ $20.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Shengyang Science'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 88.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥85.83 Million | 10.73% |
| Common Stock | CN¥414.98 Million | 51.85% |
| Other Comprehensive Income | CN¥-4.47 Million | -0.56% |
| Other Components | CN¥303.95 Million | 37.98% |
| Total Equity | CN¥800.29 Million | 100.00% |
Zhejiang Shengyang Science Competitors by Market Cap
The table below lists competitors of Zhejiang Shengyang Science ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gujarat Pipavav Port Limited
NSE:GPPL
|
$834.37 Million |
|
Yunnan QuakeSafe Seismic Isolation Technologies Co Ltd Class A
SHE:300767
|
$834.48 Million |
|
Glencore PLC
LSE:GLEN
|
$834.49 Million |
|
Nick Scali Ltd
AU:NCK
|
$834.55 Million |
|
Birla Corporation Limited
NSE:BIRLACORPN
|
$834.20 Million |
|
Camden National Corporation
NASDAQ:CAC
|
$833.89 Million |
|
Beken Corp
SHG:603068
|
$833.81 Million |
|
Sagicor Financial Company
TO:SFC
|
$833.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Shengyang Science's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 844,852,787 to 800,286,579, a change of -44,566,208 (-5.3%).
- Net loss of 37,005,318 reduced equity.
- Dividend payments of 30,488,485 reduced retained earnings.
- Share repurchases of 29,172 reduced equity.
- Other comprehensive income decreased equity by 30,769,988.
- Other factors increased equity by 53,726,755.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-37.01 Million | -4.62% |
| Dividends Paid | CN¥30.49 Million | -3.81% |
| Share Repurchases | CN¥29.17K | -0.0% |
| Other Comprehensive Income | CN¥-30.77 Million | -3.84% |
| Other Changes | CN¥53.73 Million | +6.71% |
| Total Change | CN¥- | -5.28% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Shengyang Science'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: 6.99x
- 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 23.54x to 6.99x 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¥0.58 | CN¥13.74 | x |
| 2012-12-31 | CN¥0.74 | CN¥13.74 | x |
| 2013-12-31 | CN¥0.89 | CN¥13.74 | x |
| 2014-12-31 | CN¥1.12 | CN¥13.74 | x |
| 2015-12-31 | CN¥1.83 | CN¥13.74 | x |
| 2016-12-31 | CN¥1.70 | CN¥13.74 | x |
| 2017-12-31 | CN¥1.73 | CN¥13.74 | x |
| 2018-12-31 | CN¥1.35 | CN¥13.74 | x |
| 2019-12-31 | CN¥2.51 | CN¥13.74 | x |
| 2020-12-31 | CN¥2.95 | CN¥13.74 | x |
| 2021-12-31 | CN¥2.23 | CN¥13.74 | x |
| 2022-12-31 | CN¥2.06 | CN¥13.74 | x |
| 2023-12-31 | CN¥2.37 | CN¥13.74 | x |
| 2024-12-31 | CN¥1.96 | CN¥13.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Shengyang Science 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): -4.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.49%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.27x
- Recent ROE (-4.62%) is below the historical average (6.74%), 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 | 30.84% | 11.61% | 0.83x | 3.22x | CN¥29.10 Million |
| 2012 | 22.29% | 11.97% | 0.74x | 2.53x | CN¥22.08 Million |
| 2013 | 18.60% | 11.58% | 0.64x | 2.50x | CN¥18.55 Million |
| 2014 | 20.32% | 13.83% | 0.67x | 2.19x | CN¥27.94 Million |
| 2015 | 6.63% | 9.72% | 0.46x | 1.48x | CN¥-17.79 Million |
| 2016 | 5.25% | 6.41% | 0.51x | 1.62x | CN¥-24.65 Million |
| 2017 | 4.53% | 2.82% | 0.80x | 2.02x | CN¥-29.22 Million |
| 2018 | -20.56% | -15.10% | 0.47x | 2.88x | CN¥-133.63 Million |
| 2019 | 4.80% | 2.53% | 0.60x | 3.17x | CN¥-22.95 Million |
| 2020 | 1.97% | 2.85% | 0.35x | 1.99x | CN¥-87.07 Million |
| 2021 | 2.10% | 1.99% | 0.49x | 2.14x | CN¥-73.17 Million |
| 2022 | 1.84% | 1.88% | 0.43x | 2.30x | CN¥-68.39 Million |
| 2023 | 0.42% | 0.54% | 0.36x | 2.12x | CN¥-80.93 Million |
| 2024 | -4.62% | -4.49% | 0.45x | 2.27x | CN¥-117.03 Million |
Industry Comparison
This section compares Zhejiang Shengyang Science's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,521,349,798
- Average return on equity (ROE) among peers: -22.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Shengyang Science (603703) | CN¥856.38 Million | 30.84% | 1.29x | $834.36 Million |
| ZTE Corp (000063) | $10.60 Billion | 11.27% | 1.06x | $20.95 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $1.65 Billion | -30.05% | 3.67x | $2.30 Billion |
| Addsino Co Ltd (000547) | $459.04 Million | 0.56% | 1.54x | $5.21 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $502.15 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $120.98 Million | 7.28% | 1.57x | $405.23 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $110.47 Million | 5.50% | 1.13x | $2.02 Billion |
| Skyworth Digital Co Ltd (000810) | $599.06 Million | 13.70% | 0.93x | $2.03 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $820.93 Million | -279.00% | 4.69x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $200.23 Million | 30.55% | 2.02x | $1.15 Billion |
| Sunwave Communications Co Ltd (002115) | $395.22 Million | 14.30% | 0.95x | $1.55 Billion |
About Zhejiang Shengyang Science
Zhejiang Shengyang Science and Technology Co.,Ltd., together with its subsidiaries, engages in the development, production, and sale of communication equipment in China, and internationally. Its products include 75-ohm coaxial cables, satellite high-frequency heads, intelligent control components, satellite communication terminals, 5G communication towers, connection products, and integrated wiri… Read more