Zhejiang MustangBattery Co.Ltd
Zhejiang Mustang Battery Co.,Ltd engages in the research and development, production, and sale of zinc-manganese batteries in China. The company offers alkaline batteries, zinc-carbon products, Ni-mh products, special products, and package products, as well as alkaline-manganese batteries under the Mustang, MUSTANG, and RAYMAX brands. It sells its products in the European Union, North America, So… Read more
Zhejiang MustangBattery Co.Ltd (605378) - Net Assets
Latest net assets as of September 2025: CN¥1.25 Billion CNY
Based on the latest financial reports, Zhejiang MustangBattery Co.Ltd (605378) has net assets worth CN¥1.25 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¥1.60 Billion) and total liabilities (CN¥348.10 Million). 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¥1.25 Billion |
| % of Total Assets | 78.21% |
| Annual Growth Rate | 18.03% |
| 5-Year Change | 120.56% |
| 10-Year Change | N/A |
| Growth Volatility | 29.23 |
Zhejiang MustangBattery Co.Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Zhejiang MustangBattery 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 Zhejiang MustangBattery Co.Ltd (2016–2024)
The table below shows the annual net assets of Zhejiang MustangBattery Co.Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.29 Billion | +4.54% |
| 2023-12-31 | CN¥1.23 Billion | +3.48% |
| 2022-12-31 | CN¥1.19 Billion | +4.61% |
| 2021-12-31 | CN¥1.14 Billion | +94.91% |
| 2020-12-31 | CN¥583.58 Million | +15.49% |
| 2019-12-31 | CN¥505.32 Million | +12.26% |
| 2018-12-31 | CN¥450.12 Million | +28.99% |
| 2017-12-31 | CN¥348.96 Million | +2.13% |
| 2016-12-31 | CN¥341.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang MustangBattery 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 82.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥372.38 Million | 28.93% |
| Common Stock | CN¥186.68 Million | 14.50% |
| Other Comprehensive Income | CN¥270.11 Million | 20.98% |
| Other Components | CN¥458.01 Million | 35.58% |
| Total Equity | CN¥1.29 Billion | 100.00% |
Zhejiang MustangBattery Co.Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang MustangBattery Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kendrion NV
AS:KENDR
|
$209.56 Million |
|
Ariston Holding N.V.
LSE:0ABE
|
$209.66 Million |
|
Sonadezi Chau Duc Shareholding Co
VN:SZC
|
$209.66 Million |
|
Antipa Minerals Ltd
AU:AZY
|
$209.72 Million |
|
ARISTON HOLD.N.V. EO-01
F:E0E
|
$209.55 Million |
|
Ningbo Shenglong Automotive Powertrain System Co Ltd
SHG:603178
|
$209.51 Million |
|
Sichuan Huati Lighting Tech
SHG:603679
|
$209.47 Million |
|
OVH Groupe SAS
PA:OVH
|
$209.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang MustangBattery Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,231,247,916 to 1,287,172,753, a change of 55,924,837 (4.5%).
- Net income of 152,775,069 contributed positively to equity growth.
- Dividend payments of 100,005,000 reduced retained earnings.
- Other comprehensive income increased equity by 17,230,040.
- Other factors decreased equity by 14,075,272.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥152.78 Million | +11.87% |
| Dividends Paid | CN¥100.00 Million | -7.77% |
| Other Comprehensive Income | CN¥17.23 Million | +1.34% |
| Other Changes | CN¥-14.08 Million | -1.09% |
| Total Change | CN¥- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang MustangBattery 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: 2.70x
- 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 6.23x to 2.70x 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¥3.39 | CN¥21.15 | x |
| 2017-12-31 | CN¥3.47 | CN¥21.15 | x |
| 2018-12-31 | CN¥4.51 | CN¥21.15 | x |
| 2019-12-31 | CN¥3.79 | CN¥21.15 | x |
| 2020-12-31 | CN¥4.38 | CN¥21.15 | x |
| 2021-12-31 | CN¥8.53 | CN¥21.15 | x |
| 2022-12-31 | CN¥8.92 | CN¥21.15 | x |
| 2023-12-31 | CN¥9.29 | CN¥21.15 | x |
| 2024-12-31 | CN¥7.84 | CN¥21.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang MustangBattery 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): 11.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.76%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.27x
- Recent ROE (11.87%) is below the historical average (17.57%), 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 | 39.23% | 14.92% | 1.45x | 1.81x | CN¥99.87 Million |
| 2017 | 15.58% | 5.04% | 1.51x | 2.05x | CN¥19.47 Million |
| 2018 | 23.29% | 9.96% | 1.46x | 1.61x | CN¥59.82 Million |
| 2019 | 24.38% | 12.44% | 1.29x | 1.52x | CN¥72.67 Million |
| 2020 | 20.27% | 10.76% | 1.22x | 1.55x | CN¥59.91 Million |
| 2021 | 6.67% | 6.39% | 0.83x | 1.26x | CN¥-37.90 Million |
| 2022 | 8.29% | 9.67% | 0.69x | 1.25x | CN¥-20.32 Million |
| 2023 | 8.57% | 10.59% | 0.64x | 1.27x | CN¥-17.58 Million |
| 2024 | 11.87% | 11.76% | 0.80x | 1.27x | CN¥24.06 Million |
Industry Comparison
This section compares Zhejiang MustangBattery Co.Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang MustangBattery Co.Ltd (605378) | CN¥1.25 Billion | 39.23% | 0.28x | $209.55 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |