Zhejiang Langdi Group Co Ltd (603726) - Net Assets
Based on the latest financial reports, Zhejiang Langdi Group Co Ltd (603726) has net assets worth CN¥1.31 Billion CNY (≈ $191.91 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.70 Billion ≈ $395.21 Million USD) and total liabilities (CN¥1.39 Billion ≈ $203.30 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 total assets of Zhejiang Langdi Group Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.31 Billion |
| % of Total Assets | 48.56% |
| Annual Growth Rate | 14.63% |
| 5-Year Change | 27.64% |
| 10-Year Change | 191.53% |
| Growth Volatility | 16.1 |
Zhejiang Langdi Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Langdi Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Langdi Group Co Ltd (603726) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Langdi Group Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Langdi Group Co Ltd from 2011 to 2024. For live valuation and market cap data, see Zhejiang Langdi Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.29 Billion ≈ $189.42 Million |
+6.42% |
| 2023-12-31 | CN¥1.22 Billion ≈ $177.98 Million |
+3.99% |
| 2022-12-31 | CN¥1.17 Billion ≈ $171.15 Million |
+6.60% |
| 2021-12-31 | CN¥1.10 Billion ≈ $160.56 Million |
+8.19% |
| 2020-12-31 | CN¥1.01 Billion ≈ $148.40 Million |
+9.58% |
| 2019-12-31 | CN¥925.43 Million ≈ $135.42 Million |
+4.96% |
| 2018-12-31 | CN¥881.68 Million ≈ $129.02 Million |
+7.84% |
| 2017-12-31 | CN¥817.54 Million ≈ $119.63 Million |
+9.89% |
| 2016-12-31 | CN¥743.94 Million ≈ $108.86 Million |
+67.55% |
| 2015-12-31 | CN¥444.02 Million ≈ $64.97 Million |
+16.05% |
| 2014-12-31 | CN¥382.63 Million ≈ $55.99 Million |
+21.58% |
| 2013-12-31 | CN¥314.72 Million ≈ $46.05 Million |
+20.97% |
| 2012-12-31 | CN¥260.17 Million ≈ $38.07 Million |
+18.63% |
| 2011-12-31 | CN¥219.31 Million ≈ $32.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Langdi Group 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 449.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥801.82 Million | 62.10% |
| Other Components | CN¥489.44 Million | 37.90% |
| Total Equity | CN¥1.29 Billion | 100.00% |
Zhejiang Langdi Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Langdi Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Henglin Chair Industry Co Ltd Class A
SHG:603661
|
$642.04 Million |
|
Hanwha Investment&Securities Co Ltd
KO:003530
|
$642.07 Million |
|
Longyan Zhuoyue New Energy Co Ltd
SHG:688196
|
$642.11 Million |
|
New York Mortgage Trust Inc
NASDAQ:NYMT
|
$642.13 Million |
|
Merry Electronics Co Ltd
TW:2439
|
$641.53 Million |
|
Semen Indonesia Persero Tbk
JK:SMGR
|
$641.35 Million |
|
Fundamenta Real Estate AG
SW:FREN
|
$640.92 Million |
|
PTC India Limited
NSE:PTC
|
$640.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Langdi Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,212,116,136 to 1,291,263,677, a change of 79,147,541 (6.5%).
- Net income of 172,172,999 contributed positively to equity growth.
- Dividend payments of 83,577,828 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥172.17 Million | +13.33% |
| Dividends Paid | CN¥83.58 Million | -6.47% |
| Other Changes | CN¥-9.45 Million | -0.73% |
| Total Change | CN¥- | 6.53% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Langdi Group 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: 3.40x
- 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 5.36x to 3.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.40 | CN¥23.62 | x |
| 2018-12-31 | CN¥4.75 | CN¥23.62 | x |
| 2019-12-31 | CN¥4.98 | CN¥23.62 | x |
| 2020-12-31 | CN¥5.46 | CN¥23.62 | x |
| 2021-12-31 | CN¥5.86 | CN¥23.62 | x |
| 2022-12-31 | CN¥6.26 | CN¥23.62 | x |
| 2023-12-31 | CN¥6.53 | CN¥23.62 | x |
| 2024-12-31 | CN¥6.96 | CN¥23.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Langdi Group 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): 13.33%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.09%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 1.93x
- Recent ROE (13.33%) is above the historical average (11.55%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 13.83% | 8.48% | 0.85x | 1.92x | CN¥16.99 Million |
| 2016 | 9.03% | 8.66% | 0.70x | 1.49x | CN¥-7.24 Million |
| 2017 | 13.87% | 8.67% | 1.02x | 1.57x | CN¥31.63 Million |
| 2018 | 12.65% | 7.10% | 1.11x | 1.60x | CN¥23.33 Million |
| 2019 | 11.40% | 6.62% | 0.97x | 1.77x | CN¥12.98 Million |
| 2020 | 10.99% | 7.96% | 0.79x | 1.75x | CN¥10.08 Million |
| 2021 | 13.49% | 8.07% | 0.88x | 1.90x | CN¥37.99 Million |
| 2022 | 7.86% | 5.42% | 0.79x | 1.84x | CN¥-24.88 Million |
| 2023 | 9.04% | 6.72% | 0.73x | 1.85x | CN¥-11.66 Million |
| 2024 | 13.33% | 9.09% | 0.76x | 1.93x | CN¥43.05 Million |
Industry Comparison
This section compares Zhejiang Langdi Group Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,532,942,091
- Average return on equity (ROE) among peers: 11.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Langdi Group Co Ltd (603726) | CN¥1.31 Billion | 13.83% | 1.06x | $641.68 Million |
| China Fangda Group Co Ltd (000055) | $5.20 Billion | 43.24% | 1.05x | $343.15 Million |
| Huasu Holdings Co Ltd (000509) | $159.89 Million | 15.47% | 4.48x | $508.78 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.88 Billion | 1.12% | 0.65x | $302.13 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $8.53 Billion | 12.97% | 0.57x | $4.61 Billion |
| Yantai Moon Co Ltd (000811) | $492.51 Million | 10.66% | 1.40x | $5.85 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $538.29 Million | 0.38% | 1.05x | $261.42 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.63 Billion | 20.28% | 0.45x | $570.65 Million |
| Everjoy Health Group Co Ltd (002162) | $448.07 Million | 15.31% | 1.40x | $541.02 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $932.97 Million | -11.00% | 3.57x | $283.64 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.52 Billion | 3.83% | 1.35x | $634.43 Million |
About Zhejiang Langdi Group Co Ltd
Zhejiang Langdi Group Co., Ltd. manufactures and sells household air conditioning wheels, mechanical fans, and polymer composite materials in China. It offers forward direct driven, forward and backward belt driven, axial-flow, single inlet forward and backward, FCU, and other fans; metal impeller; fan motors, such as external DC and EC motor, single phase capacitor motor, and triple phase induct… Read more