ZheJiang HuaSheng Technology Co.Ltd (605180) - Net Assets
Based on the latest financial reports, ZheJiang HuaSheng Technology Co.Ltd (605180) has net assets worth CN¥1.14 Billion CNY (≈ $167.04 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¥1.23 Billion ≈ $180.03 Million USD) and total liabilities (CN¥88.80 Million ≈ $12.99 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 how resilient are ZheJiang HuaSheng Technology Co.Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.14 Billion |
| % of Total Assets | 92.78% |
| Annual Growth Rate | 23.34% |
| 5-Year Change | 136.68% |
| 10-Year Change | N/A |
| Growth Volatility | 53.55 |
ZheJiang HuaSheng Technology Co.Ltd - Net Assets Trend (2019–2024)
This chart illustrates how ZheJiang HuaSheng Technology Co.Ltd's net assets have evolved over time, based on quarterly financial data. Also explore ZheJiang HuaSheng Technology Co.Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for ZheJiang HuaSheng Technology Co.Ltd (2019–2024)
The table below shows the annual net assets of ZheJiang HuaSheng Technology Co.Ltd from 2019 to 2024. For live valuation and market cap data, see how much is ZheJiang HuaSheng Technology Co.Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.14 Billion ≈ $166.91 Million |
+3.25% |
| 2023-12-31 | CN¥1.10 Billion ≈ $161.65 Million |
+0.16% |
| 2022-12-31 | CN¥1.10 Billion ≈ $161.39 Million |
-3.59% |
| 2021-12-31 | CN¥1.14 Billion ≈ $167.40 Million |
+137.37% |
| 2020-12-31 | CN¥481.92 Million ≈ $70.52 Million |
+20.66% |
| 2019-12-31 | CN¥399.39 Million ≈ $58.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ZheJiang HuaSheng Technology 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 169.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥344.85 Million | 30.23% |
| Other Components | CN¥795.76 Million | 69.77% |
| Total Equity | CN¥1.14 Billion | 100.00% |
ZheJiang HuaSheng Technology Co.Ltd Competitors by Market Cap
The table below lists competitors of ZheJiang HuaSheng Technology Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jilin Jlu Communication Design Institute Co Ltd
SHE:300597
|
$392.08 Million |
|
Vaibhav Global Limited
NSE:VAIBHAVGBL
|
$392.20 Million |
|
VT Industrial Technology Co Ltd
SHE:300707
|
$392.41 Million |
|
PHX Energy Services Corporation
TO:PHX
|
$392.59 Million |
|
Shanghai Fenghwa Group Co Ltd
SHG:600615
|
$391.90 Million |
|
Lesaka Technologies Inc
NASDAQ:LSAK
|
$391.84 Million |
|
Helen of Troy Ltd
NASDAQ:HELE
|
$391.76 Million |
|
Kairuide Holding Co Ltd
SHE:002072
|
$391.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZheJiang HuaSheng Technology Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,104,708,217 to 1,140,611,236, a change of 35,903,019 (3.3%).
- Net income of 49,423,019 contributed positively to equity growth.
- Dividend payments of 13,661,778 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥49.42 Million | +4.33% |
| Dividends Paid | CN¥13.66 Million | -1.2% |
| Other Changes | CN¥141.78K | +0.01% |
| Total Change | CN¥- | 3.25% |
Book Value vs Market Value Analysis
This analysis compares ZheJiang HuaSheng Technology 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: 2.35x
- 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 3.87x to 2.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥4.10 | CN¥15.85 | x |
| 2020-12-31 | CN¥3.80 | CN¥15.85 | x |
| 2021-12-31 | CN¥6.77 | CN¥15.85 | x |
| 2022-12-31 | CN¥6.53 | CN¥15.85 | x |
| 2023-12-31 | CN¥6.54 | CN¥15.85 | x |
| 2024-12-31 | CN¥6.75 | CN¥15.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZheJiang HuaSheng Technology 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): 4.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.05%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.05x
- Recent ROE (4.33%) is below the historical average (11.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 21.68% | 27.25% | 0.75x | 1.06x | CN¥46.64 Million |
| 2020 | 22.31% | 29.15% | 0.71x | 1.08x | CN¥59.34 Million |
| 2021 | 15.77% | 28.07% | 0.52x | 1.08x | CN¥66.01 Million |
| 2022 | 5.35% | 21.31% | 0.25x | 1.02x | CN¥-51.32 Million |
| 2023 | 2.51% | 11.60% | 0.21x | 1.02x | CN¥-82.69 Million |
| 2024 | 4.33% | 14.05% | 0.29x | 1.05x | CN¥-64.64 Million |
Industry Comparison
This section compares ZheJiang HuaSheng Technology Co.Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $3,330,114,933
- Average return on equity (ROE) among peers: -0.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ZheJiang HuaSheng Technology Co.Ltd (605180) | CN¥1.14 Billion | 21.68% | 0.08x | $391.97 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $4.24 Billion | 2.11% | 0.24x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $2.44 Billion | 0.72% | 1.36x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $602.42 Million | 1.65% | 4.73x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $9.82 Billion | 4.18% | 0.42x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.77 Billion | 10.08% | 0.61x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $5.45 Billion | -0.77% | 1.20x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $656.03 Million | -11.72% | 0.66x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $218.05 Million | -26.65% | 0.95x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $3.42 Billion | 11.87% | 1.48x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.69 Billion | 5.72% | 0.20x | $368.59 Million |
About ZheJiang HuaSheng Technology Co.Ltd
ZheJiang HuaSheng Technology Co.,Ltd researches, produces, and markets Airtight material and PVC flexible material China. Its airtight material, including PVC inflatable boat material and drop stitch material; and PVC flexible material comprising PVC flex banner and PVC tarpaulin. The company was founded in 2006 and is based in Jiaxing, China.