Zhiyang Innovation Technology Co. Ltd. A (688191) - Net Assets
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. See net asset quality index of Zhiyang Innovation Technology Co. Ltd. A to measure how much of total assets are equity-financed.
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. Also explore 688191 shareholders equity momentum to track the company's year-over-year net asset growth rate.
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. For live market cap and overall valuation, see 688191 market cap.
| 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 |
|---|---|
|
Zhengping Road&Bridge Constr
SHG:603843
|
$615.29 Million |
|
CoinShares PLC Ordinary Shares
NASDAQ:CSHR
|
$615.41 Million |
|
DBV Technologies
NASDAQ:DBVT
|
$615.92 Million |
|
Qingdao Weflo Valve Co Ltd
SHE:002871
|
$616.20 Million |
|
Yingkou Jinchen Mach Co Ltd
SHG:603396
|
$615.22 Million |
|
Shinry Technologies Co Ltd Class A
SHE:300745
|
$615.18 Million |
|
RaySearch Laboratories AB (publ)
ST:RAY-B
|
$615.18 Million |
|
Waga Energy SA
PA:WAGA
|
$615.05 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: 3.09x
- 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 16.63x to 3.09x 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¥18.15 | x |
| 2013-12-31 | CN¥1.16 | CN¥18.15 | x |
| 2014-12-31 | CN¥1.34 | CN¥18.15 | x |
| 2017-12-31 | CN¥2.13 | CN¥18.15 | x |
| 2018-12-31 | CN¥3.27 | CN¥18.15 | x |
| 2019-12-31 | CN¥1.97 | CN¥18.15 | x |
| 2020-12-31 | CN¥2.58 | CN¥18.15 | x |
| 2021-12-31 | CN¥5.34 | CN¥18.15 | x |
| 2022-12-31 | CN¥5.40 | CN¥18.15 | x |
| 2023-12-31 | CN¥5.65 | CN¥18.15 | x |
| 2024-12-31 | CN¥5.87 | CN¥18.15 | 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: $4,990,110,040
- Average return on equity (ROE) among peers: 4.73%
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 | $615.24 Million |
| XJ Electric Co Ltd (000400) | $2.36 Billion | 1.62% | 1.01x | $3.20 Billion |
| Guangdong Macro Co Ltd (000533) | $2.02 Billion | 6.30% | 0.94x | $996.73 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.34 Billion | 8.70% | 0.29x | $890.66 Million |
| Dongfang Electronics Co Ltd (000682) | $1.38 Billion | 1.37% | 0.26x | $2.11 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $674.80 Million |
| Huagong Tech Co Ltd (000988) | $752.45 Million | 5.52% | 0.71x | $12.65 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $434.81 Million | 6.61% | 1.31x | $1.21 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $13.75 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $513.02 Million |
| Gotion High tech Co Ltd (002074) | $36.91 Billion | 6.46% | 2.45x | $8.08 Billion |
About Zhiyang Innovation Technology Co. Ltd. A
Zhiyang Innovation Technology Co., Ltd. operates as artificial intelligence company in China. The company offers day and night integrated, high-definition intelligent, AI intelligent computing, intelligent visual, wide-eye panoramic monitoring and shooting, and video online monitoring devices, as well as dual spectrum and intelligent visual inspection devices. It also provides mobile communicatio… Read more