Zhejiang Huayou Cobalt Co Ltd (603799) - Net Assets
Based on the latest financial reports, Zhejiang Huayou Cobalt Co Ltd (603799) has net assets worth CN¥60.37 Billion CNY (≈ $8.83 Billion 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¥148.85 Billion ≈ $21.78 Billion USD) and total liabilities (CN¥88.49 Billion ≈ $12.95 Billion 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 Huayou Cobalt Co Ltd (603799) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥60.37 Billion |
| % of Total Assets | 40.56% |
| Annual Growth Rate | 28.87% |
| 5-Year Change | 290.79% |
| 10-Year Change | 1917.44% |
| Growth Volatility | 31.32 |
Zhejiang Huayou Cobalt Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Huayou Cobalt Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603799 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Huayou Cobalt Co Ltd (2008–2024)
The table below shows the annual net assets of Zhejiang Huayou Cobalt Co Ltd from 2008 to 2024. For live valuation and market cap data, see how much is Zhejiang Huayou Cobalt Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥48.66 Billion ≈ $7.12 Billion |
+8.78% |
| 2023-12-31 | CN¥44.73 Billion ≈ $6.55 Billion |
+36.87% |
| 2022-12-31 | CN¥32.68 Billion ≈ $4.78 Billion |
+36.74% |
| 2021-12-31 | CN¥23.90 Billion ≈ $3.50 Billion |
+91.95% |
| 2020-12-31 | CN¥12.45 Billion ≈ $1.82 Billion |
+23.40% |
| 2019-12-31 | CN¥10.09 Billion ≈ $1.48 Billion |
+19.98% |
| 2018-12-31 | CN¥8.41 Billion ≈ $1.23 Billion |
+38.39% |
| 2017-12-31 | CN¥6.08 Billion ≈ $889.29 Million |
+38.99% |
| 2016-12-31 | CN¥4.37 Billion ≈ $639.83 Million |
+81.28% |
| 2015-12-31 | CN¥2.41 Billion ≈ $352.95 Million |
+5.70% |
| 2014-12-31 | CN¥2.28 Billion ≈ $333.91 Million |
-0.39% |
| 2013-12-31 | CN¥2.29 Billion ≈ $335.22 Million |
+3.45% |
| 2012-12-31 | CN¥2.21 Billion ≈ $324.03 Million |
+8.20% |
| 2011-12-31 | CN¥2.05 Billion ≈ $299.48 Million |
+100.53% |
| 2010-12-31 | CN¥1.02 Billion ≈ $149.35 Million |
+8.36% |
| 2009-12-31 | CN¥941.88 Million ≈ $137.83 Million |
+12.01% |
| 2008-12-31 | CN¥840.89 Million ≈ $123.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Huayou Cobalt 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 24209.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥17.31 Billion | 46.85% |
| Common Stock | CN¥1.69 Billion | 4.58% |
| Other Comprehensive Income | CN¥3.00 Billion | 8.13% |
| Other Components | CN¥14.94 Billion | 40.44% |
| Total Equity | CN¥36.95 Billion | 100.00% |
Zhejiang Huayou Cobalt Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Huayou Cobalt Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hithink RoyalFlush Info Network
SHE:300033
|
$18.49 Billion |
|
Pernod Ricard S.A.
PA:RI
|
$18.50 Billion |
|
KNORR-BREMS. UNSP.ADRS1/4
F:KBXA
|
$18.50 Billion |
|
MACOM Technology Solutions Holdings Inc
NASDAQ:MTSI
|
$18.53 Billion |
|
Tourmaline Oil Corp.
TO:TOU
|
$18.46 Billion |
|
Bank of Hangzhou Co Ltd
SHG:600926
|
$18.46 Billion |
|
Heineken Holding NV
AS:HEIO
|
$18.45 Billion |
|
COCA COLA HBC AG ADRS
F:CCKC
|
$18.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Huayou Cobalt Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 34,277,801,337 to 36,945,607,000, a change of 2,667,805,663 (7.8%).
- Net income of 4,154,825,000 contributed positively to equity growth.
- Dividend payments of 3,847,768,000 reduced retained earnings.
- Share repurchases of 112,343,000 reduced equity.
- Other comprehensive income increased equity by 3,002,316,000.
- Other factors decreased equity by 529,224,337.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.15 Billion | +11.25% |
| Dividends Paid | CN¥3.85 Billion | -10.41% |
| Share Repurchases | CN¥112.34 Million | -0.3% |
| Other Comprehensive Income | CN¥3.00 Billion | +8.13% |
| Other Changes | CN¥-529.22 Million | -1.43% |
| Total Change | CN¥- | 7.78% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Huayou Cobalt 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: 3.13x
- 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 80.80x to 3.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.82 | CN¥66.59 | x |
| 2009-12-31 | CN¥0.88 | CN¥66.59 | x |
| 2010-12-31 | CN¥0.97 | CN¥66.59 | x |
| 2011-12-31 | CN¥1.74 | CN¥66.59 | x |
| 2012-12-31 | CN¥1.89 | CN¥66.59 | x |
| 2013-12-31 | CN¥1.99 | CN¥66.59 | x |
| 2014-12-31 | CN¥2.16 | CN¥66.59 | x |
| 2015-12-31 | CN¥1.93 | CN¥66.59 | x |
| 2016-12-31 | CN¥3.45 | CN¥66.59 | x |
| 2017-12-31 | CN¥4.29 | CN¥66.59 | x |
| 2018-12-31 | CN¥5.43 | CN¥66.59 | x |
| 2019-12-31 | CN¥5.48 | CN¥66.59 | x |
| 2020-12-31 | CN¥6.75 | CN¥66.59 | x |
| 2021-12-31 | CN¥12.40 | CN¥66.59 | x |
| 2022-12-31 | CN¥16.28 | CN¥66.59 | x |
| 2023-12-31 | CN¥20.97 | CN¥66.59 | x |
| 2024-12-31 | CN¥21.25 | CN¥66.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Huayou Cobalt 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): 11.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.82%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 3.70x
- Recent ROE (11.25%) is above the historical average (10.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.21% | 3.23% | 0.88x | 2.88x | CN¥-12.56 Million |
| 2009 | 12.04% | 6.60% | 0.68x | 2.70x | CN¥16.25 Million |
| 2010 | 17.37% | 6.64% | 0.83x | 3.14x | CN¥66.76 Million |
| 2011 | 9.73% | 5.32% | 0.85x | 2.15x | CN¥-4.89 Million |
| 2012 | 8.30% | 4.64% | 0.82x | 2.17x | CN¥-33.67 Million |
| 2013 | 5.95% | 3.42% | 0.60x | 2.88x | CN¥-83.43 Million |
| 2014 | 6.46% | 3.34% | 0.55x | 3.50x | CN¥-79.57 Million |
| 2015 | -10.31% | -6.11% | 0.42x | 4.01x | CN¥-484.68 Million |
| 2016 | 1.59% | 1.42% | 0.46x | 2.44x | CN¥-365.71 Million |
| 2017 | 31.46% | 19.64% | 0.58x | 2.76x | CN¥1.29 Billion |
| 2018 | 20.10% | 10.57% | 0.76x | 2.51x | CN¥768.02 Million |
| 2019 | 1.54% | 0.63% | 0.81x | 3.00x | CN¥-655.24 Million |
| 2020 | 11.74% | 5.50% | 0.79x | 2.72x | CN¥172.63 Million |
| 2021 | 20.11% | 11.04% | 0.61x | 2.99x | CN¥1.96 Billion |
| 2022 | 15.10% | 6.20% | 0.57x | 4.27x | CN¥1.32 Billion |
| 2023 | 9.78% | 5.05% | 0.53x | 3.66x | CN¥-76.89 Million |
| 2024 | 11.25% | 6.82% | 0.45x | 3.70x | CN¥460.26 Million |
Industry Comparison
This section compares Zhejiang Huayou Cobalt Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $1,959,266,320
- Average return on equity (ROE) among peers: -2.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Huayou Cobalt Co Ltd (603799) | CN¥60.37 Billion | 8.21% | 1.47x | $18.48 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $3.76 Billion | 32.01% | 1.11x | $4.18 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $5.38 Billion | 10.51% | 0.74x | $11.01 Billion |
| Shengda Mining Co Ltd (000603) | $137.02 Million | -70.66% | 1.02x | $3.68 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $4.41 Billion | 10.92% | 0.64x | $4.95 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $614.81 Million | -14.57% | 0.74x | $19.40 Billion |
| Guocheng Mining Co Ltd (000688) | $511.55 Million | 16.02% | 1.88x | $8.93 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.76 Billion | 0.23% | 1.29x | $1.44 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $804.76 Million | -0.58% | 0.69x | $2.04 Billion |
| Tibet Mineral Development Co Ltd (000762) | $451.19 Million | -13.05% | 0.45x | $2.95 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $768.04 Million | 1.24% | 0.33x | $1.53 Billion |
About Zhejiang Huayou Cobalt Co Ltd
Zhejiang Huayou Cobalt Co., Ltd engages in the research, development, manufacture, and sale of lithium battery materials and diamond material products in China and internationally. The company's products include lithium battery positive electrode materials, precursor products, silver-diamond-lithium materials, and copper products. Its products are used in new energy vehicle power batteries, posit… Read more