Zhejiang Yonghe Refrigerant Co Ltd (605020) - Net Assets
Based on the latest financial reports, Zhejiang Yonghe Refrigerant Co Ltd (605020) has net assets worth CN¥5.65 Billion CNY (≈ $827.28 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¥7.90 Billion ≈ $1.16 Billion USD) and total liabilities (CN¥2.25 Billion ≈ $329.38 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. Check 605020 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.65 Billion |
| % of Total Assets | 71.52% |
| Annual Growth Rate | 24.07% |
| 5-Year Change | 113.66% |
| 10-Year Change | N/A |
| Growth Volatility | 19.5 |
Zhejiang Yonghe Refrigerant Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Yonghe Refrigerant Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 605020 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Yonghe Refrigerant Co Ltd (2017–2024)
The table below shows the annual net assets of Zhejiang Yonghe Refrigerant Co Ltd from 2017 to 2024. For live valuation and market cap data, see 605020 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.85 Billion ≈ $417.13 Million |
+7.90% |
| 2023-12-31 | CN¥2.64 Billion ≈ $386.59 Million |
+5.24% |
| 2022-12-31 | CN¥2.51 Billion ≈ $367.35 Million |
+23.16% |
| 2021-12-31 | CN¥2.04 Billion ≈ $298.27 Million |
+52.78% |
| 2020-12-31 | CN¥1.33 Billion ≈ $195.23 Million |
+8.84% |
| 2019-12-31 | CN¥1.23 Billion ≈ $179.36 Million |
+25.00% |
| 2018-12-31 | CN¥980.60 Million ≈ $143.49 Million |
+55.72% |
| 2017-12-31 | CN¥629.70 Million ≈ $92.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Yonghe Refrigerant 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 367.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.43 Billion | 50.14% |
| Common Stock | CN¥379.12 Million | 13.31% |
| Other Components | CN¥1.04 Billion | 36.55% |
| Total Equity | CN¥2.85 Billion | 100.00% |
Zhejiang Yonghe Refrigerant Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Yonghe Refrigerant Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Rongda Photosensitive & Technology Co Ltd
SHE:300576
|
$2.02 Billion |
|
Ceconomy AG
XETRA:CEC
|
$2.02 Billion |
|
Atkore International Group Inc
NYSE:ATKR
|
$2.02 Billion |
|
FIBRA Macquarie México
MX:FIBRAMQ12
|
$2.02 Billion |
|
BRP Inc
TO:DOO
|
$2.02 Billion |
|
Zhejiang Medicine Co Ltd
SHG:600216
|
$2.02 Billion |
|
Visual Photonics Epitaxy Co Ltd
TW:2455
|
$2.02 Billion |
|
Spartan Resources Ltd
AU:SPR
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Yonghe Refrigerant Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,640,753,080 to 2,848,674,774, a change of 207,921,694 (7.9%).
- Net income of 251,336,838 contributed positively to equity growth.
- Dividend payments of 125,449,324 reduced retained earnings.
- Share repurchases of 67,756,292 reduced equity.
- Other factors increased equity by 149,790,472.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥251.34 Million | +8.82% |
| Dividends Paid | CN¥125.45 Million | -4.4% |
| Share Repurchases | CN¥67.76 Million | -2.38% |
| Other Changes | CN¥149.79 Million | +5.26% |
| Total Change | CN¥- | 7.87% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Yonghe Refrigerant 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: 3.55x
- 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 9.05x to 3.55x 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¥2.98 | CN¥26.99 | x |
| 2018-12-31 | CN¥4.13 | CN¥26.99 | x |
| 2019-12-31 | CN¥5.56 | CN¥26.99 | x |
| 2020-12-31 | CN¥6.65 | CN¥26.99 | x |
| 2021-12-31 | CN¥5.46 | CN¥26.99 | x |
| 2022-12-31 | CN¥6.69 | CN¥26.99 | x |
| 2023-12-31 | CN¥6.90 | CN¥26.99 | x |
| 2024-12-31 | CN¥7.59 | CN¥26.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Yonghe Refrigerant 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): 8.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.46%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.51x
- Recent ROE (8.82%) is below the historical average (11.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 17.24% | 7.13% | 0.99x | 2.46x | CN¥45.54 Million |
| 2018 | 15.88% | 7.50% | 0.96x | 2.21x | CN¥57.54 Million |
| 2019 | 11.35% | 7.38% | 0.78x | 1.96x | CN¥16.58 Million |
| 2020 | 7.64% | 5.22% | 0.80x | 1.83x | CN¥-31.50 Million |
| 2021 | 13.64% | 9.29% | 0.85x | 1.72x | CN¥74.16 Million |
| 2022 | 11.96% | 7.89% | 0.71x | 2.13x | CN¥49.23 Million |
| 2023 | 6.96% | 4.20% | 0.65x | 2.55x | CN¥-80.39 Million |
| 2024 | 8.82% | 5.46% | 0.65x | 2.51x | CN¥-33.53 Million |
Industry Comparison
This section compares Zhejiang Yonghe Refrigerant Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,769,045,563
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Yonghe Refrigerant Co Ltd (605020) | CN¥5.65 Billion | 17.24% | 0.40x | $2.02 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.37 Billion | 0.00% | 0.79x | $1.28 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.46 Billion | 0.78% | 1.16x | $4.82 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $506.50 Million | 16.41% | 1.45x | $12.92 Billion |
| Zangge Holding Co Ltd (000408) | $304.26 Million | 8.29% | 1.38x | $20.72 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.46 Billion | 0.89% | 0.57x | $1.47 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $269.12 Million | 8.73% | 0.27x | $438.99 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $728.86 Million | 0.46% | 0.67x | $855.32 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $934.64 Million | 13.67% | 2.94x | $472.35 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $1.03 Billion | 8.78% | 0.45x | $362.87 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $19.62 Billion | 9.23% | 0.83x | $4.87 Billion |
About Zhejiang Yonghe Refrigerant Co Ltd
Zhejiang Yonghe Refrigerant Co., Ltd., together with its subsidiaries, engages in research and development, production, and sale of fluorine chemical products. It offers fluorocarbon chemicals, mixed refrigerants, fluorine-containing polymer materials, fluorine-containing fine chemicals, hydrofluoric acid, fluorite concentrate, fluorite lump ore, etc. The company also provides fluorite, hydrofluo… Read more