Zhejiang Grandwall Electric Science&Technology Co Ltd Class A (603897) - Net Assets
Based on the latest financial reports, Zhejiang Grandwall Electric Science&Technology Co Ltd Class A (603897) has net assets worth CN¥2.39 Billion CNY (≈ $349.89 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¥6.62 Billion ≈ $968.80 Million USD) and total liabilities (CN¥4.23 Billion ≈ $618.91 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 603897 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.39 Billion |
| % of Total Assets | 36.12% |
| Annual Growth Rate | 19.9% |
| 5-Year Change | 28.61% |
| 10-Year Change | 445.53% |
| Growth Volatility | 32.39 |
Zhejiang Grandwall Electric Science&Technology Co Ltd Class A - Net Assets Trend (2014–2024)
This chart illustrates how Zhejiang Grandwall Electric Science&Technology Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Check 603897 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Grandwall Electric Science&Technology Co Ltd Class A (2014–2024)
The table below shows the annual net assets of Zhejiang Grandwall Electric Science&Technology Co Ltd Class A from 2014 to 2024. For live valuation and market cap data, see 603897 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.56 Billion ≈ $374.51 Million |
-7.81% |
| 2023-12-31 | CN¥2.78 Billion ≈ $406.23 Million |
+1.12% |
| 2022-12-31 | CN¥2.75 Billion ≈ $401.74 Million |
+1.22% |
| 2021-12-31 | CN¥2.71 Billion ≈ $396.92 Million |
+36.30% |
| 2020-12-31 | CN¥1.99 Billion ≈ $291.21 Million |
+3.69% |
| 2019-12-31 | CN¥1.92 Billion ≈ $280.85 Million |
+14.17% |
| 2018-12-31 | CN¥1.68 Billion ≈ $245.99 Million |
+110.96% |
| 2017-12-31 | CN¥796.86 Million ≈ $116.61 Million |
+28.64% |
| 2016-12-31 | CN¥619.44 Million ≈ $90.64 Million |
+32.04% |
| 2015-12-31 | CN¥469.14 Million ≈ $68.65 Million |
+12.57% |
| 2014-12-31 | CN¥416.77 Million ≈ $60.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Grandwall Electric Science&Technology Co Ltd Class A'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 644.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥658.28 Million | 25.72% |
| Other Components | CN¥1.90 Billion | 74.28% |
| Total Equity | CN¥2.56 Billion | 100.00% |
Zhejiang Grandwall Electric Science&Technology Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Zhejiang Grandwall Electric Science&Technology Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Jiuyuan Yinhai Software Co Ltd
SHE:002777
|
$802.87 Million |
|
RHOEN-KLINIK.UNSP.ADR 1/2
F:RHKU
|
$803.26 Million |
|
Luoxin Pharmaceuticals Group Stock Co Ltd
SHE:002793
|
$803.70 Million |
|
Cathay Real Estate Development Co Ltd
TW:2501
|
$803.72 Million |
|
Sharda Cropchem Limited
NSE:SHARDACROP
|
$802.61 Million |
|
KPI Green Energy Limited
NSE:KPIGREEN
|
$802.34 Million |
|
Array Technologies Inc
NASDAQ:ARRY
|
$801.93 Million |
|
Hanmi Financial Corporation
NASDAQ:HAFC
|
$801.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Grandwall Electric Science&Technology Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,776,114,073 to 2,559,299,956, a change of -216,814,117 (-7.8%).
- Net income of 236,097,072 contributed positively to equity growth.
- Dividend payments of 457,996,676 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥236.10 Million | +9.23% |
| Dividends Paid | CN¥458.00 Million | -17.9% |
| Other Changes | CN¥5.09 Million | +0.2% |
| Total Change | CN¥- | -7.81% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Grandwall Electric Science&Technology Co Ltd Class A'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: 2.14x
- 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 4.46x to 2.14x 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¥5.96 | CN¥26.57 | x |
| 2018-12-31 | CN¥9.42 | CN¥26.57 | x |
| 2019-12-31 | CN¥10.76 | CN¥26.57 | x |
| 2020-12-31 | CN¥11.15 | CN¥26.57 | x |
| 2021-12-31 | CN¥13.14 | CN¥26.57 | x |
| 2022-12-31 | CN¥13.30 | CN¥26.57 | x |
| 2023-12-31 | CN¥13.45 | CN¥26.57 | x |
| 2024-12-31 | CN¥12.40 | CN¥26.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Grandwall Electric Science&Technology Co Ltd Class A 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): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.82%
- • Asset Turnover: 2.00x
- • Equity Multiplier: 2.54x
- Recent ROE (9.23%) is below the historical average (11.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 18.38% | 3.53% | 3.20x | 1.63x | CN¥51.90 Million |
| 2017 | 22.27% | 3.87% | 3.48x | 1.65x | CN¥97.74 Million |
| 2018 | 10.76% | 3.63% | 2.64x | 1.12x | CN¥12.70 Million |
| 2019 | 8.12% | 3.13% | 1.72x | 1.51x | CN¥-36.09 Million |
| 2020 | 8.75% | 2.78% | 1.59x | 1.98x | CN¥-24.78 Million |
| 2021 | 12.58% | 3.18% | 2.42x | 1.63x | CN¥69.86 Million |
| 2022 | 4.96% | 1.36% | 1.78x | 2.05x | CN¥-138.37 Million |
| 2023 | 7.80% | 1.95% | 1.84x | 2.17x | CN¥-61.10 Million |
| 2024 | 9.23% | 1.82% | 2.00x | 2.54x | CN¥-19.83 Million |
Industry Comparison
This section compares Zhejiang Grandwall Electric Science&Technology Co Ltd Class A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,815,282,103
- Average return on equity (ROE) among peers: 8.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Grandwall Electric Science&Technology Co Ltd Class A (603897) | CN¥2.39 Billion | 18.38% | 1.77x | $802.63 Million |
| XJ Electric Co Ltd (000400) | $8.95 Billion | 5.26% | 0.79x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $868.77 Million | 22.25% | 1.96x | $1.23 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.93 Billion | 8.61% | 0.15x | $896.07 Million |
| Dongfang Electronics Co Ltd (000682) | $2.03 Billion | 2.95% | 0.68x | $2.41 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.35 Billion | 9.02% | 0.87x | $722.61 Million |
| Huagong Tech Co Ltd (000988) | $2.63 Billion | 5.72% | 0.51x | $15.16 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.42 Billion |
| Sieyuan Electric Co Ltd (002028) | $9.44 Billion | 12.94% | 0.67x | $18.38 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $165.38 Million | 6.52% | 0.32x | $349.71 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $7.34 Billion |
About Zhejiang Grandwall Electric Science&Technology Co Ltd Class A
Zhejiang grandwall electric science&technology co.,ltd., together with its subsidiaries, researches, develops, produces, and sells electromagnetic wire products in China and internationally. The company offers round and rectangular wire products. It serves industrial electrical machinery, new energy resources, power tools, automotive, household appliances, instrumentation applications. Zhejiang g… Read more