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¥63.63 Billion CNY (≈ $9.31 Billion 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¥174.67 Billion ≈ $25.56 Billion USD) and total liabilities (CN¥111.04 Billion ≈ $16.25 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) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥63.63 Billion |
| % of Total Assets | 36.43% |
| Annual Growth Rate | 28.64% |
| 5-Year Change | 154.47% |
| 10-Year Change | 1291.0% |
| Growth Volatility | 30.43 |
Zhejiang Huayou Cobalt Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Zhejiang Huayou Cobalt Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603799 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Huayou Cobalt Co Ltd (2008–2025)
The table below shows the annual net assets of Zhejiang Huayou Cobalt Co Ltd from 2008 to 2025. For live valuation and market cap data, see how much is Zhejiang Huayou Cobalt Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥60.82 Billion ≈ $8.90 Billion |
+24.99% |
| 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 |
-- |
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 31457.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥22.47 Billion | 46.53% |
| Other Components | CN¥25.83 Billion | 53.47% |
| Total Equity | CN¥48.30 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 |
|---|---|
|
Masco Corporation
NYSE:MAS
|
$14.47 Billion |
|
Mirae Asset Daewoo Securities Co Ltd
KO:006800
|
$14.48 Billion |
|
Union Bank of India
NSE:UNIONBANK
|
$14.51 Billion |
|
Grupo Financiero Inbursa S.A.B. de C.V
MX:GFINBURO
|
$14.51 Billion |
|
Jacobs Solutions Inc.
NYSE:J
|
$14.46 Billion |
|
Nova Ltd
TA:NVMI
|
$14.45 Billion |
|
LTIMindtree Limited
NSE:LTIM
|
$14.44 Billion |
|
Cemex SAB de CV ADR
F:CEXA
|
$14.44 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 2024 to 2025, total equity changed from 36,945,607,000 to 48,295,468,221, a change of 11,349,861,221 (30.7%).
- Net income of 6,110,378,758 contributed positively to equity growth.
- Dividend payments of 2,666,779,448 reduced retained earnings.
- Other comprehensive income decreased equity by 3,002,316,000.
- Other factors increased equity by 10,908,577,911.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.11 Billion | +12.65% |
| Dividends Paid | CN¥2.67 Billion | -5.52% |
| Other Comprehensive Income | CN¥-3.00 Billion | -6.22% |
| Other Changes | CN¥10.91 Billion | +22.59% |
| Total Change | CN¥- | 30.72% |
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: 2.05x
- 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 63.22x to 2.05x 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¥52.10 | x |
| 2009-12-31 | CN¥0.88 | CN¥52.10 | x |
| 2010-12-31 | CN¥0.97 | CN¥52.10 | x |
| 2011-12-31 | CN¥1.74 | CN¥52.10 | x |
| 2012-12-31 | CN¥1.89 | CN¥52.10 | x |
| 2013-12-31 | CN¥1.99 | CN¥52.10 | x |
| 2014-12-31 | CN¥2.16 | CN¥52.10 | x |
| 2015-12-31 | CN¥1.93 | CN¥52.10 | x |
| 2016-12-31 | CN¥3.45 | CN¥52.10 | x |
| 2017-12-31 | CN¥4.29 | CN¥52.10 | x |
| 2018-12-31 | CN¥5.43 | CN¥52.10 | x |
| 2019-12-31 | CN¥5.48 | CN¥52.10 | x |
| 2020-12-31 | CN¥6.75 | CN¥52.10 | x |
| 2021-12-31 | CN¥12.40 | CN¥52.10 | x |
| 2022-12-31 | CN¥16.28 | CN¥52.10 | x |
| 2023-12-31 | CN¥20.97 | CN¥52.10 | x |
| 2024-12-31 | CN¥21.25 | CN¥52.10 | x |
| 2025-12-31 | CN¥25.46 | CN¥52.10 | 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): 12.65%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.30x
- Recent ROE (12.65%) is above the historical average (10.73%), 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 |
| 2025 | 12.65% | 7.54% | 0.51x | 3.30x | CN¥1.28 Billion |
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: $2,665,683,041
- Average return on equity (ROE) among peers: 8.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Huayou Cobalt Co Ltd (603799) | CN¥63.63 Billion | 8.21% | 1.75x | $14.46 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $3.98 Billion | 10.07% | 0.99x | $4.96 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $6.59 Billion | 14.72% | 0.68x | $10.28 Billion |
| Shengda Mining Co Ltd (000603) | $116.05 Million | 17.12% | 0.71x | $2.66 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $3.93 Billion | 6.98% | 1.07x | $4.35 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $320.65 Million | -3.29% | 0.43x | $32.84 Billion |
| Guocheng Mining Co Ltd (000688) | $2.13 Billion | 8.02% | 0.25x | $6.57 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.58 Billion | 15.80% | 0.57x | $1.22 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $6.32 Billion | 4.20% | 2.02x | $2.05 Billion |
| Tibet Mineral Development Co Ltd (000762) | $460.70 Million | 3.13% | 0.89x | $2.30 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $235.15 Million | 3.63% | 5.00x | $1.63 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 offers lithium battery positive electrode materials, ternary precursors, silver-diamond-lithium materials, and copper products, as well as cobalt, cathode, and bare metals. Its products are used in new ener… Read more