WPG (Shanghai) Smart Water Public Co. Ltd
WPG (Shanghai) Smart Water Public Co.,Ltd. engages in water resources equipment manufacturing and sales in China. The company offers water plants, water management, rural water supply, direct drinking water, drainage, wastewater, engineering design and EPC, and water conservancy solutions, as well as secondary water supply, pump room component series, network metering series, water plant series, … Read more
WPG (Shanghai) Smart Water Public Co. Ltd (603956) - Net Assets
Latest net assets as of September 2025: CN¥2.01 Billion CNY
Based on the latest financial reports, WPG (Shanghai) Smart Water Public Co. Ltd (603956) has net assets worth CN¥2.01 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.15 Billion) and total liabilities (CN¥1.14 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.01 Billion |
| % of Total Assets | 63.8% |
| Annual Growth Rate | 22.22% |
| 5-Year Change | 30.67% |
| 10-Year Change | 448.9% |
| Growth Volatility | 31.29 |
WPG (Shanghai) Smart Water Public Co. Ltd - Net Assets Trend (2014–2024)
This chart illustrates how WPG (Shanghai) Smart Water Public Co. Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WPG (Shanghai) Smart Water Public Co. Ltd (2014–2024)
The table below shows the annual net assets of WPG (Shanghai) Smart Water Public Co. Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.73 Billion | -17.05% |
| 2023-12-31 | CN¥2.08 Billion | -1.61% |
| 2022-12-31 | CN¥2.11 Billion | +58.50% |
| 2021-12-31 | CN¥1.33 Billion | +1.02% |
| 2020-12-31 | CN¥1.32 Billion | +17.65% |
| 2019-12-31 | CN¥1.12 Billion | +32.88% |
| 2018-12-31 | CN¥844.65 Million | +15.87% |
| 2017-12-31 | CN¥728.98 Million | +17.42% |
| 2016-12-31 | CN¥620.85 Million | +97.50% |
| 2015-12-31 | CN¥314.36 Million | +35.52% |
| 2014-12-31 | CN¥231.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WPG (Shanghai) Smart Water Public 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 decreased by 88.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥19.63 Million | 1.17% |
| Common Stock | CN¥500.97 Million | 29.80% |
| Other Comprehensive Income | CN¥188.48 Million | 11.21% |
| Other Components | CN¥972.29 Million | 57.83% |
| Total Equity | CN¥1.68 Billion | 100.00% |
WPG (Shanghai) Smart Water Public Co. Ltd Competitors by Market Cap
The table below lists competitors of WPG (Shanghai) Smart Water Public Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tivoli A/S
CO:TIV
|
$210.87 Million |
|
Tharisa plc
PINK:TIHRF
|
$210.97 Million |
|
LIFENET INSURANCE CO.
F:7XJ
|
$211.12 Million |
|
Handsome
KO:020000
|
$211.12 Million |
|
Petrovietnam Camau Fertilizer
VN:DCM
|
$210.85 Million |
|
Sichuan Zigong Conveying Machine Group Co Ltd
SHE:001288
|
$210.70 Million |
|
AXWAY SOFTWARE EO 2
F:1XV
|
$210.66 Million |
|
NIPPON DENKO CO.LTD
F:NJ5
|
$210.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WPG (Shanghai) Smart Water Public Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,029,071,334 to 1,681,375,794, a change of -347,695,540 (-17.1%).
- Net loss of 211,949,036 reduced equity.
- Dividend payments of 66,630,348 reduced retained earnings.
- Share repurchases of 93,837,740 reduced equity.
- Other comprehensive income increased equity by 34,748,816.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-211.95 Million | -12.61% |
| Dividends Paid | CN¥66.63 Million | -3.96% |
| Share Repurchases | CN¥93.84 Million | -5.58% |
| Other Comprehensive Income | CN¥34.75 Million | +2.07% |
| Other Changes | CN¥-10.03 Million | -0.6% |
| Total Change | CN¥- | -17.14% |
Book Value vs Market Value Analysis
This analysis compares WPG (Shanghai) Smart Water Public 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: 1.79x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.35x to 1.79x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥4.55 | CN¥6.12 | x |
| 2015-12-31 | CN¥0.49 | CN¥6.12 | x |
| 2016-12-31 | CN¥1.81 | CN¥6.12 | x |
| 2017-12-31 | CN¥1.86 | CN¥6.12 | x |
| 2018-12-31 | CN¥2.18 | CN¥6.12 | x |
| 2019-12-31 | CN¥2.63 | CN¥6.12 | x |
| 2020-12-31 | CN¥3.10 | CN¥6.12 | x |
| 2021-12-31 | CN¥3.06 | CN¥6.12 | x |
| 2022-12-31 | CN¥4.28 | CN¥6.12 | x |
| 2023-12-31 | CN¥4.35 | CN¥6.12 | x |
| 2024-12-31 | CN¥3.41 | CN¥6.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WPG (Shanghai) Smart Water Public 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): -12.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.09%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.96x
- Recent ROE (-12.61%) is below the historical average (11.46%), 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 | 30.15% | 16.19% | 0.90x | 2.08x | CN¥45.97 Million |
| 2015 | 29.19% | 19.35% | 0.79x | 1.90x | CN¥60.52 Million |
| 2016 | 17.16% | 20.28% | 0.60x | 1.41x | CN¥44.38 Million |
| 2017 | 15.04% | 18.36% | 0.59x | 1.39x | CN¥36.49 Million |
| 2018 | 13.76% | 17.72% | 0.61x | 1.26x | CN¥31.58 Million |
| 2019 | 10.72% | 14.00% | 0.58x | 1.31x | CN¥8.11 Million |
| 2020 | 12.95% | 17.04% | 0.45x | 1.69x | CN¥38.95 Million |
| 2021 | 14.73% | 15.49% | 0.53x | 1.80x | CN¥62.87 Million |
| 2022 | -6.16% | -11.99% | 0.30x | 1.68x | CN¥-332.61 Million |
| 2023 | 1.15% | 1.65% | 0.42x | 1.65x | CN¥-179.57 Million |
| 2024 | -12.61% | -17.09% | 0.38x | 1.96x | CN¥-380.09 Million |
Industry Comparison
This section compares WPG (Shanghai) Smart Water Public Co. Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WPG (Shanghai) Smart Water Public Co. Ltd (603956) | CN¥2.01 Billion | 30.15% | 0.57x | $210.86 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |