Wangli Security & Surveillance Product Co. Ltd (605268) - Net Assets
Based on the latest financial reports, Wangli Security & Surveillance Product Co. Ltd (605268) has net assets worth CN¥1.71 Billion CNY (≈ $250.16 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¥4.40 Billion ≈ $644.15 Million USD) and total liabilities (CN¥2.69 Billion ≈ $393.99 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. See Wangli Security & Surveillance Product C net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.71 Billion |
| % of Total Assets | 38.84% |
| Annual Growth Rate | 13.74% |
| 5-Year Change | 51.76% |
| 10-Year Change | N/A |
| Growth Volatility | 20.43 |
Wangli Security & Surveillance Product Co. Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Wangli Security & Surveillance Product Co. Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Wangli Security & Surveillance Product C (605268) market capitalisation.
Annual Net Assets for Wangli Security & Surveillance Product Co. Ltd (2016–2024)
The table below shows the annual net assets of Wangli Security & Surveillance Product Co. Ltd from 2016 to 2024. Also explore Wangli Security & Surveillance Product C annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.67 Billion ≈ $244.16 Million |
-1.05% |
| 2023-12-31 | CN¥1.69 Billion ≈ $246.74 Million |
-1.45% |
| 2022-12-31 | CN¥1.71 Billion ≈ $250.37 Million |
-0.88% |
| 2021-12-31 | CN¥1.73 Billion ≈ $252.61 Million |
+57.00% |
| 2020-12-31 | CN¥1.10 Billion ≈ $160.89 Million |
+27.89% |
| 2019-12-31 | CN¥859.72 Million ≈ $125.80 Million |
+2.77% |
| 2018-12-31 | CN¥836.56 Million ≈ $122.41 Million |
+4.61% |
| 2017-12-31 | CN¥799.67 Million ≈ $117.02 Million |
+34.28% |
| 2016-12-31 | CN¥595.52 Million ≈ $87.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wangli Security & Surveillance Product 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 395.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥431.66 Million | 26.40% |
| Common Stock | CN¥449.67 Million | 27.50% |
| Other Components | CN¥753.74 Million | 46.10% |
| Total Equity | CN¥1.64 Billion | 100.00% |
Wangli Security & Surveillance Product Co. Ltd Competitors by Market Cap
The table below lists competitors of Wangli Security & Surveillance Product Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nova Technology
TWO:6613
|
$663.04 Million |
|
Nanhua Bio Medicine Co Ltd
SHE:000504
|
$663.06 Million |
|
Hyundai Home Shopping Network Corp
KO:057050
|
$663.07 Million |
|
Hippo Holdings Inc
NYSE:HIPO
|
$663.13 Million |
|
Israel Shipyards Ltd
TA:ISHI
|
$662.87 Million |
|
Aubay Société Anonyme
PA:AUB
|
$662.40 Million |
|
Zhejiang Langdi Group Co Ltd
SHG:603726
|
$662.32 Million |
|
Shandong Fengyuan Chemical Co Ltd
SHE:002805
|
$662.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wangli Security & Surveillance Product Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,623,778,738 to 1,635,069,742, a change of 11,291,004 (0.7%).
- Net income of 138,840,967 contributed positively to equity growth.
- Dividend payments of 148,851,993 reduced retained earnings.
- Share repurchases of 7,486,262 reduced equity.
- Other factors increased equity by 28,788,292.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥138.84 Million | +8.49% |
| Dividends Paid | CN¥148.85 Million | -9.1% |
| Share Repurchases | CN¥7.49 Million | -0.46% |
| Other Changes | CN¥28.79 Million | +1.76% |
| Total Change | CN¥- | 0.70% |
Book Value vs Market Value Analysis
This analysis compares Wangli Security & Surveillance Product 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: 2.69x
- 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 6.44x to 2.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.58 | CN¥10.15 | x |
| 2017-12-31 | CN¥2.13 | CN¥10.15 | x |
| 2018-12-31 | CN¥2.25 | CN¥10.15 | x |
| 2019-12-31 | CN¥1.97 | CN¥10.15 | x |
| 2020-12-31 | CN¥2.52 | CN¥10.15 | x |
| 2021-12-31 | CN¥3.96 | CN¥10.15 | x |
| 2022-12-31 | CN¥3.80 | CN¥10.15 | x |
| 2023-12-31 | CN¥3.86 | CN¥10.15 | x |
| 2024-12-31 | CN¥3.77 | CN¥10.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wangli Security & Surveillance Product 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): 8.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.45%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.68x
- Recent ROE (8.49%) is below the historical average (14.64%), 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 | 24.11% | 9.70% | 0.93x | 2.66x | CN¥82.37 Million |
| 2017 | 26.27% | 12.13% | 0.92x | 2.36x | CN¥128.82 Million |
| 2018 | 18.19% | 8.77% | 0.88x | 2.36x | CN¥68.20 Million |
| 2019 | 24.62% | 10.86% | 1.00x | 2.27x | CN¥125.78 Million |
| 2020 | 21.79% | 11.34% | 0.82x | 2.35x | CN¥129.70 Million |
| 2021 | 7.96% | 5.20% | 0.73x | 2.11x | CN¥-35.21 Million |
| 2022 | -3.06% | -2.30% | 0.58x | 2.28x | CN¥-216.16 Million |
| 2023 | 3.37% | 1.79% | 0.75x | 2.49x | CN¥-107.73 Million |
| 2024 | 8.49% | 4.45% | 0.71x | 2.68x | CN¥-24.67 Million |
Industry Comparison
This section compares Wangli Security & Surveillance Product Co. Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $2,393,873,407
- Average return on equity (ROE) among peers: 12.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wangli Security & Surveillance Product Co. Ltd (605268) | CN¥1.71 Billion | 24.11% | 1.57x | $662.88 Million |
| Zhejiang Dahua Technology Co Ltd (002236) | $12.90 Billion | 19.60% | 1.04x | $7.47 Billion |
| Shenzhen Infinova Ltd (002528) | $3.80 Billion | 2.30% | 1.04x | $1.01 Billion |
| Shenzhen TVT Digital Technology Co Ltd (002835) | $1.19 Billion | 16.91% | 0.26x | $420.11 Million |
| Jade Bird Fire Alarm (002960) | $312.42 Million | 39.55% | 0.76x | $1.35 Billion |
| Beijing Telesound Electronics Co Ltd (003004) | $731.69 Million | 4.99% | 0.24x | $695.50 Million |
| Hangzhou Century Co Ltd (300078) | $2.25 Billion | 6.39% | 0.52x | $441.67 Million |
| Guangdong Anjubao Digital Tech (300155) | $1.14 Billion | 7.27% | 0.20x | $379.42 Million |
| Xiamen Meiya Pico Information (300188) | $75.73 Million | 37.83% | 0.83x | $1.32 Billion |
| Joyware Electronics Co Ltd (300270) | $600.60 Million | -10.46% | 0.47x | $454.18 Million |
| Chongqing Mas Sci&Tech (300275) | $944.66 Million | 4.32% | 0.43x | $403.83 Million |
About Wangli Security & Surveillance Product Co. Ltd
Wangli Security & Surveillance Product Co., Ltd engages in the research, development, manufacture, sale, and service of security door locks in China and internationally. Its products include smart locks, wooden doors, doors and windows, smart homes, and other products, as well as engineering doors and robot safety doors. The company was founded in 1996 and is based in Yongkang, China.