Zhejiang Shengyang Science (603703) - Net Assets
Based on the latest financial reports, Zhejiang Shengyang Science (603703) has net assets worth CN¥867.05 Million CNY (≈ $126.88 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¥2.15 Billion ≈ $314.78 Million USD) and total liabilities (CN¥1.28 Billion ≈ $187.90 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. Also explore Zhejiang Shengyang Science asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥867.05 Million |
| % of Total Assets | 40.31% |
| Annual Growth Rate | 13.8% |
| 5-Year Change | -9.47% |
| 10-Year Change | 64.27% |
| Growth Volatility | 37.94 |
Zhejiang Shengyang Science - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Shengyang Science's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Shengyang Science (603703) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Shengyang Science (2011–2025)
The table below shows the annual net assets of Zhejiang Shengyang Science from 2011 to 2025. For live valuation and market cap data, see 603703 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥852.84 Million ≈ $124.80 Million |
+3.77% |
| 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 36.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥62.46 Million | 7.58% |
| Other Components | CN¥761.91 Million | 92.42% |
| Total Equity | CN¥824.37 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 |
|---|---|
|
Nexity
PA:NXI
|
$490.08 Million |
|
CREDIT CORP. GROUP LTD.
F:2RC
|
$490.08 Million |
|
Amper S.A.
MC:AMP
|
$490.15 Million |
|
Tianjin Tianbao Infrastructure Co Ltd
SHE:000965
|
$490.46 Million |
|
Grid Dynamics Holdings Inc
NASDAQ:GDYN
|
$490.05 Million |
|
Guangdong Sunwill Precising Plastic Co Ltd
SHE:002676
|
$489.92 Million |
|
Wonik QnC Corporation
KQ:074600
|
$489.91 Million |
|
Lumibird SA
PA:LBIRD
|
$489.86 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 2024 to 2025, total equity changed from 800,286,579 to 824,371,950, a change of 24,085,371 (3.0%).
- Net loss of 23,370,481 reduced equity.
- Dividend payments of 20,717,237 reduced retained earnings.
- Other comprehensive income increased equity by 4,474,136.
- Other factors increased equity by 63,698,952.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-23.37 Million | -2.83% |
| Dividends Paid | CN¥20.72 Million | -2.51% |
| Other Comprehensive Income | CN¥4.47 Million | +0.54% |
| Other Changes | CN¥63.70 Million | +7.73% |
| Total Change | CN¥- | 3.01% |
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: 4.06x
- 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 13.83x to 4.06x 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¥8.07 | x |
| 2012-12-31 | CN¥0.74 | CN¥8.07 | x |
| 2013-12-31 | CN¥0.89 | CN¥8.07 | x |
| 2014-12-31 | CN¥1.12 | CN¥8.07 | x |
| 2015-12-31 | CN¥1.83 | CN¥8.07 | x |
| 2016-12-31 | CN¥1.70 | CN¥8.07 | x |
| 2017-12-31 | CN¥1.73 | CN¥8.07 | x |
| 2018-12-31 | CN¥1.35 | CN¥8.07 | x |
| 2019-12-31 | CN¥1.63 | CN¥8.07 | x |
| 2020-12-31 | CN¥2.95 | CN¥8.07 | x |
| 2021-12-31 | CN¥2.54 | CN¥8.07 | x |
| 2022-12-31 | CN¥2.18 | CN¥8.07 | x |
| 2023-12-31 | CN¥2.37 | CN¥8.07 | x |
| 2024-12-31 | CN¥1.95 | CN¥8.07 | x |
| 2025-12-31 | CN¥1.99 | CN¥8.07 | 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): -2.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.56%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.44x
- Recent ROE (-2.83%) is below the historical average (5.61%), 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 | 4.20% | 4.68% | 0.55x | 1.62x | CN¥-30.13 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 | 0.88% | 0.46% | 0.60x | 3.17x | CN¥-40.22 Million |
| 2020 | 0.48% | 0.70% | 0.35x | 1.99x | CN¥-103.15 Million |
| 2021 | 1.13% | 1.07% | 0.49x | 2.14x | CN¥-82.14 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 |
| 2025 | -2.83% | -2.56% | 0.45x | 2.44x | CN¥-105.81 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: $7,137,505,923
- Average return on equity (ROE) among peers: 2.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Shengyang Science (603703) | CN¥867.05 Million | 30.84% | 1.48x | $490.05 Million |
| ZTE Corp (000063) | $53.29 Billion | 12.79% | 2.17x | $20.56 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.52 Billion | -24.54% | 2.30x | $1.81 Billion |
| Addsino Co Ltd (000547) | $1.19 Billion | 5.82% | 0.43x | $3.19 Billion |
| Sichuan Huiyuan Optical Com (000586) | $282.30 Million | 0.55% | 1.18x | $290.42 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.37 Billion | 7.22% | 1.20x | $333.54 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.95 Billion | 4.92% | 0.86x | $1.66 Billion |
| Skyworth Digital Co Ltd (000810) | $3.10 Billion | 10.68% | 1.69x | $1.66 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $1.12 Billion | 2.10% | 1.14x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $-6.48 Million | 0.00% | 0.00x | $899.56 Million |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.38 Billion |
About Zhejiang Shengyang Science
Zhejiang Shengyang Science and Technology Co., Ltd., together with its subsidiaries, engages in the research, development, manufacturing, and sale of radio frequency cables in China and internationally. The company offers automotive, automotive ethernet, data, and coaxial cables; satellite communication receiving terminals and components; display devices; 5G communication base stations; and compu… Read more