Zhejiang Xinhua Chemical Co Ltd (603867) - Net Assets
Based on the latest financial reports, Zhejiang Xinhua Chemical Co Ltd (603867) has net assets worth CN¥2.82 Billion CNY (≈ $412.24 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¥4.49 Billion ≈ $656.42 Million USD) and total liabilities (CN¥1.67 Billion ≈ $244.18 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 603867 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.82 Billion |
| % of Total Assets | 62.8% |
| Annual Growth Rate | 19.46% |
| 5-Year Change | 63.16% |
| 10-Year Change | 406.27% |
| Growth Volatility | 15.46 |
Zhejiang Xinhua Chemical Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Zhejiang Xinhua Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Xinhua Chemical Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Xinhua Chemical Co Ltd (2014–2024)
The table below shows the annual net assets of Zhejiang Xinhua Chemical Co Ltd from 2014 to 2024. For live valuation and market cap data, see Zhejiang Xinhua Chemical Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.59 Billion ≈ $379.52 Million |
+7.98% |
| 2023-12-31 | CN¥2.40 Billion ≈ $351.48 Million |
+10.26% |
| 2022-12-31 | CN¥2.18 Billion ≈ $318.78 Million |
+24.14% |
| 2021-12-31 | CN¥1.75 Billion ≈ $256.78 Million |
+10.39% |
| 2020-12-31 | CN¥1.59 Billion ≈ $232.60 Million |
+11.83% |
| 2019-12-31 | CN¥1.42 Billion ≈ $207.99 Million |
+63.85% |
| 2018-12-31 | CN¥867.51 Million ≈ $126.94 Million |
+24.52% |
| 2017-12-31 | CN¥696.70 Million ≈ $101.95 Million |
+17.35% |
| 2016-12-31 | CN¥593.70 Million ≈ $86.88 Million |
+15.89% |
| 2015-12-31 | CN¥512.29 Million ≈ $74.96 Million |
+16.89% |
| 2014-12-31 | CN¥438.26 Million ≈ $64.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Xinhua Chemical 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 743.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.44 Billion | 61.78% |
| Common Stock | CN¥187.56 Million | 8.06% |
| Other Comprehensive Income | CN¥196.25 Million | 8.43% |
| Other Components | CN¥505.82 Million | 21.73% |
| Total Equity | CN¥2.33 Billion | 100.00% |
Zhejiang Xinhua Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Xinhua Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BKS Bank AG
VI:BKS
|
$923.33 Million |
|
Yulon Motor Co Ltd
TW:2201
|
$923.88 Million |
|
Beken Corp
SHG:603068
|
$923.99 Million |
|
TOA PAINT (THAILAND)
BK:TOA-R
|
$924.49 Million |
|
Grindrod
JSE:GND
|
$922.36 Million |
|
Prosperity Dielectrics Co Ltd
TWO:6173
|
$922.33 Million |
|
Smarter Microelectronics (Guangzhou) Co. Ltd. A
SHG:688512
|
$922.24 Million |
|
Shanghai Datun Energy Resources Co Ltd
SHG:600508
|
$922.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Xinhua Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,204,974,219 to 2,327,380,949, a change of 122,406,730 (5.6%).
- Net income of 226,913,902 contributed positively to equity growth.
- Dividend payments of 117,963,365 reduced retained earnings.
- Share repurchases of 60,088,119 reduced equity.
- Other comprehensive income increased equity by 196,251,694.
- Other factors decreased equity by 122,707,382.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥226.91 Million | +9.75% |
| Dividends Paid | CN¥117.96 Million | -5.07% |
| Share Repurchases | CN¥60.09 Million | -2.58% |
| Other Comprehensive Income | CN¥196.25 Million | +8.43% |
| Other Changes | CN¥-122.71 Million | -5.27% |
| Total Change | CN¥- | 5.55% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Xinhua Chemical 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: 2.42x
- 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 10.19x to 2.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.85 | CN¥29.00 | x |
| 2015-12-31 | CN¥3.27 | CN¥29.00 | x |
| 2016-12-31 | CN¥3.83 | CN¥29.00 | x |
| 2017-12-31 | CN¥4.63 | CN¥29.00 | x |
| 2018-12-31 | CN¥5.78 | CN¥29.00 | x |
| 2019-12-31 | CN¥7.38 | CN¥29.00 | x |
| 2020-12-31 | CN¥8.21 | CN¥29.00 | x |
| 2021-12-31 | CN¥9.06 | CN¥29.00 | x |
| 2022-12-31 | CN¥11.01 | CN¥29.00 | x |
| 2023-12-31 | CN¥11.61 | CN¥29.00 | x |
| 2024-12-31 | CN¥12.00 | CN¥29.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Xinhua Chemical 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): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.65%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.87x
- Recent ROE (9.75%) is below the historical average (13.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 9.19% | 2.29% | 1.23x | 3.26x | CN¥-3.11 Million |
| 2015 | 14.60% | 4.90% | 1.08x | 2.75x | CN¥20.50 Million |
| 2016 | 16.09% | 5.30% | 1.17x | 2.59x | CN¥31.90 Million |
| 2017 | 18.78% | 5.86% | 1.30x | 2.46x | CN¥55.54 Million |
| 2018 | 22.09% | 7.82% | 1.29x | 2.18x | CN¥95.53 Million |
| 2019 | 9.19% | 7.19% | 0.78x | 1.63x | CN¥-10.84 Million |
| 2020 | 13.76% | 8.86% | 0.91x | 1.70x | CN¥56.12 Million |
| 2021 | 11.89% | 7.70% | 0.91x | 1.70x | CN¥31.28 Million |
| 2022 | 16.16% | 12.27% | 0.72x | 1.83x | CN¥125.54 Million |
| 2023 | 11.46% | 9.73% | 0.65x | 1.80x | CN¥32.12 Million |
| 2024 | 9.75% | 7.65% | 0.68x | 1.87x | CN¥-5.82 Million |
Industry Comparison
This section compares Zhejiang Xinhua Chemical Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,303,816,594
- Average return on equity (ROE) among peers: -30.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Xinhua Chemical Co Ltd (603867) | CN¥2.82 Billion | 9.19% | 0.59x | $922.93 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $110.70 Million | 120.32% | 0.71x | $1.07 Billion |
| Sichuan Chemical Co Ltd (000155) | $13.13 Billion | 3.83% | 1.12x | $3.23 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.56 Billion | 4.43% | 0.36x | $12.48 Billion |
| Zangge Holding Co Ltd (000408) | $164.61 Million | 21.11% | 1.68x | $19.94 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $718.75 Million | 13.09% | 1.40x | $1.53 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $314.45 Million | 2.27% | 0.39x | $366.79 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $73.67 Million | -474.71% | 38.07x | $886.71 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $1.01 Billion | 10.39% | 2.73x | $374.88 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $758.08 Million | -11.00% | 2.16x | $292.12 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $4.21 Billion | 2.45% | 1.37x | $3.33 Billion |
About Zhejiang Xinhua Chemical Co Ltd
Zhejiang Xinhua Chemical Co.,Ltd manufactures and trades in various chemicals and chemical raw material in China and internationally. It offers fatty amines, organic solvents, flavors, hydrogen peroxide organic amine series, inorganic chemicals, and custom chemicals. The company also offers aroma chemicals, such as turpentine oil derivatives, sandal series, ester series, and others flame retardan… Read more