Zhiyang Innovation Technology Co. Ltd. A (688191) - Net Assets

Latest as of September 2025: CN¥874.89 Million CNY ≈ $128.02 Million USD

Based on the latest financial reports, Zhiyang Innovation Technology Co. Ltd. A (688191) has net assets worth CN¥874.89 Million CNY (≈ $128.02 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¥1.49 Billion ≈ $217.66 Million USD) and total liabilities (CN¥612.56 Million ≈ $89.64 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. For live market cap and overall valuation, see 688191 stock market capitalisation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥874.89 Million
% of Total Assets	58.82%
Annual Growth Rate	37.97%
5-Year Change	125.05%
10-Year Change	4371.1%
Growth Volatility	94.75

Zhiyang Innovation Technology Co. Ltd. A - Net Assets Trend (2012–2024)

This chart illustrates how Zhiyang Innovation Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data.

Annual Net Assets for Zhiyang Innovation Technology Co. Ltd. A (2012–2024)

The table below shows the annual net assets of Zhiyang Innovation Technology Co. Ltd. A from 2012 to 2024. See Zhiyang Innovation Technology Co. Ltd. A net asset quality index to measure how much of total assets are equity-financed.

Year	Net Assets	Change
2024-12-31	CN¥887.40 Million ≈ $129.85 Million	+1.95%
2023-12-31	CN¥870.42 Million ≈ $127.37 Million	+4.71%
2022-12-31	CN¥831.24 Million ≈ $121.64 Million	+1.80%
2021-12-31	CN¥816.50 Million ≈ $119.48 Million	+107.07%
2020-12-31	CN¥394.31 Million ≈ $57.70 Million	+30.51%
2019-12-31	CN¥302.13 Million ≈ $44.21 Million	+36.51%
2018-12-31	CN¥221.32 Million ≈ $32.39 Million	+67.99%
2017-12-31	CN¥131.75 Million ≈ $19.28 Million	+331.15%
2014-12-31	CN¥30.56 Million ≈ $4.47 Million	+53.96%
2013-12-31	CN¥19.85 Million ≈ $2.90 Million	+6.42%
2012-12-31	CN¥18.65 Million ≈ $2.73 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Zhiyang Innovation Technology Co. Ltd. A'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 2968.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥253.46 Million	28.58%
Common Stock	CN¥154.13 Million	17.38%
Other Components	CN¥479.14 Million	54.03%
Total Equity	CN¥886.73 Million	100.00%

Zhiyang Innovation Technology Co. Ltd. A Competitors by Market Cap

The table below lists competitors of Zhiyang Innovation Technology Co. Ltd. A ranked by their market capitalization.

Company	Market Cap
China CYTS Tours Holding Co Ltd SHG:600138	$737.21 Million
GH RESEARCH PLC DL-025 F:1KA	$737.24 Million
Third Coast Bancshares, Inc. NYSE:TCBX	$737.28 Million
Hubei Chaozhuo Aviation Technology Co. Ltd. A SHG:688237	$737.53 Million
Cybrid Technologies Inc SHG:603212	$736.85 Million
Cydsa S.A.B. de C.V MX:CYDSASAA	$736.83 Million
Magic Software Enterprises Ltd TA:MGIC	$736.62 Million
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A SHG:603173	$736.57 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhiyang Innovation Technology Co. Ltd. A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 869,031,459 to 886,733,327, a change of 17,701,868 (2.0%).
Net income of 51,336,898 contributed positively to equity growth.
Dividend payments of 46,096,464 reduced retained earnings.
Other factors increased equity by 12,461,434.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥51.34 Million	+5.79%
Dividends Paid	CN¥46.10 Million	-5.2%
Other Changes	CN¥12.46 Million	+1.41%
Total Change	CN¥-	2.04%

Book Value vs Market Value Analysis

This analysis compares Zhiyang Innovation Technology Co. Ltd. A'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: 3.70x
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 19.93x to 3.70x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	CN¥1.09	CN¥21.74	x
2013-12-31	CN¥1.16	CN¥21.74	x
2014-12-31	CN¥1.34	CN¥21.74	x
2017-12-31	CN¥2.13	CN¥21.74	x
2018-12-31	CN¥3.27	CN¥21.74	x
2019-12-31	CN¥1.97	CN¥21.74	x
2020-12-31	CN¥2.58	CN¥21.74	x
2021-12-31	CN¥5.34	CN¥21.74	x
2022-12-31	CN¥5.40	CN¥21.74	x
2023-12-31	CN¥5.65	CN¥21.74	x
2024-12-31	CN¥5.87	CN¥21.74	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhiyang Innovation Technology Co. Ltd. A 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): 5.79%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.29%
• Asset Turnover: 0.64x
• Equity Multiplier: 1.72x
Recent ROE (5.79%) is below the historical average (13.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	2.82%	2.41%	0.87x	1.35x	CN¥-1.34 Million
2013	6.03%	3.87%	0.81x	1.93x	CN¥-788.18K
2014	24.58%	17.42%	0.88x	1.60x	CN¥4.45 Million
2017	21.58%	20.78%	0.66x	1.56x	CN¥15.26 Million
2018	18.06%	18.22%	0.62x	1.59x	CN¥17.84 Million
2019	28.23%	25.96%	0.64x	1.70x	CN¥55.06 Million
2020	23.38%	18.35%	0.70x	1.82x	CN¥52.75 Million
2021	8.63%	10.74%	0.53x	1.53x	CN¥-11.18 Million
2022	3.38%	4.17%	0.55x	1.47x	CN¥-54.95 Million
2023	4.78%	5.20%	0.57x	1.62x	CN¥-45.37 Million
2024	5.79%	5.29%	0.64x	1.72x	CN¥-37.34 Million

Industry Comparison

This section compares Zhiyang Innovation Technology Co. Ltd. A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $3,525,416,494
Average return on equity (ROE) among peers: -1.71%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhiyang Innovation Technology Co. Ltd. A (688191)	CN¥874.89 Million	2.82%	0.70x	$736.94 Million
XJ Electric Co Ltd (000400)	$12.38 Billion	9.02%	1.04x	$3.23 Billion
Guangdong Macro Co Ltd (000533)	$939.91 Million	-102.96%	1.65x	$1.08 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.33 Billion	9.42%	0.10x	$890.66 Million
Dongfang Electronics Co Ltd (000682)	$275.30 Million	25.65%	0.27x	$2.26 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.20 Billion	-5.55%	3.46x	$680.32 Million
Huagong Tech Co Ltd (000988)	$8.26 Billion	10.96%	1.03x	$15.71 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$775.82 Million	9.79%	0.91x	$1.27 Billion
Sieyuan Electric Co Ltd (002028)	$8.60 Billion	13.93%	0.62x	$20.23 Billion
Shanghai Welltech Automation Co Ltd (002058)	$158.00 Million	4.94%	0.54x	$342.78 Million
Gotion High tech Co Ltd (002074)	$330.70 Million	7.71%	0.47x	$7.13 Billion

About Zhiyang Innovation Technology Co. Ltd. A

SHG:688191 China Electrical Equipment & Parts

Market Cap

$736.94 Million

CN¥5.04 Billion CNY

Market Cap Rank

#10381 Global

#2749 in China

Share Price

CN¥21.74

Change (1 day)

+0.32%

52-Week Range

CN¥16.57 - CN¥58.38

All Time High

CN¥58.38