Zhejiang Heda Technology Co Ltd
Zhejiang Heda Technology Co., Ltd. operates in the water industry in China. The company offers leakage warning products, including noise monitors, smart pressure management valves, correlators, IoT remote control butterfly valves, integrated fire hydrants, integrated fire hydrant monitoring terminals, intelligent sealing covers, and multi-sensor early warning terminals; telemetry terminal product… Read more
Zhejiang Heda Technology Co Ltd (688296) - Net Assets
Latest net assets as of September 2025: CN¥640.59 Million CNY
Based on the latest financial reports, Zhejiang Heda Technology Co Ltd (688296) has net assets worth CN¥640.59 Million 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¥956.92 Million) and total liabilities (CN¥316.33 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¥640.59 Million |
| % of Total Assets | 66.94% |
| Annual Growth Rate | 38.54% |
| 5-Year Change | 97.04% |
| 10-Year Change | 1019.3% |
| Growth Volatility | 51.8 |
Zhejiang Heda Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Heda Technology 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 Heda Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Zhejiang Heda Technology Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥699.54 Million | -0.57% |
| 2023-12-31 | CN¥703.56 Million | -6.57% |
| 2022-12-31 | CN¥753.02 Million | +2.83% |
| 2021-12-31 | CN¥732.28 Million | +106.26% |
| 2020-12-31 | CN¥355.03 Million | +29.51% |
| 2019-12-31 | CN¥274.14 Million | +68.21% |
| 2018-12-31 | CN¥162.97 Million | +13.98% |
| 2017-12-31 | CN¥142.99 Million | +37.40% |
| 2016-12-31 | CN¥104.07 Million | +66.51% |
| 2015-12-31 | CN¥62.50 Million | +181.96% |
| 2014-12-31 | CN¥22.17 Million | +15.68% |
| 2013-12-31 | CN¥19.16 Million | +36.90% |
| 2012-12-31 | CN¥14.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Heda 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 7074.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥175.69 Million | 25.39% |
| Common Stock | CN¥108.24 Million | 15.64% |
| Other Comprehensive Income | CN¥-2.34 Million | -0.34% |
| Other Components | CN¥410.26 Million | 59.30% |
| Total Equity | CN¥691.86 Million | 100.00% |
Zhejiang Heda Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Heda Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZTST
BATS:ZTST
|
$122.82 Million |
|
Zhejiang Liming Intelligent Manufacturing Co Ltd
SHG:603048
|
$122.84 Million |
|
Comefly Outdoor Co Ltd
SHG:603908
|
$122.85 Million |
|
Golden Flower Tbk PT
JK:POLU
|
$122.86 Million |
|
V Technology Co. Ltd
PINK:VCHYF
|
$122.79 Million |
|
SUNDARAM CLAYTON LTD
NSE:SUNCLAY
|
$122.74 Million |
|
Surya Citra Media Tbk
JK:SCMA
|
$122.71 Million |
|
Balmer Lawrie & Company Limited
NSE:BALMLAWRIE
|
$122.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Heda Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 698,351,063 to 691,855,164, a change of -6,495,899 (-0.9%).
- Net loss of 5,636,071 reduced equity.
- Dividend payments of 234,523 reduced retained earnings.
- Other comprehensive income decreased equity by 859,828.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-5.64 Million | -0.81% |
| Dividends Paid | CN¥234.52K | -0.03% |
| Other Comprehensive Income | CN¥-859.83K | -0.12% |
| Other Changes | CN¥234.52K | +0.03% |
| Total Change | CN¥- | -0.93% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Heda 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: 2.42x
- 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 14.84x to 2.42x 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¥1.05 | CN¥15.57 | x |
| 2013-12-31 | CN¥0.82 | CN¥15.57 | x |
| 2014-12-31 | CN¥1.69 | CN¥15.57 | x |
| 2015-12-31 | CN¥1.37 | CN¥15.57 | x |
| 2016-12-31 | CN¥1.82 | CN¥15.57 | x |
| 2017-12-31 | CN¥1.94 | CN¥15.57 | x |
| 2018-12-31 | CN¥2.12 | CN¥15.57 | x |
| 2019-12-31 | CN¥3.48 | CN¥15.57 | x |
| 2020-12-31 | CN¥3.23 | CN¥15.57 | x |
| 2021-12-31 | CN¥6.73 | CN¥15.57 | x |
| 2022-12-31 | CN¥6.93 | CN¥15.57 | x |
| 2023-12-31 | CN¥6.39 | CN¥15.57 | x |
| 2024-12-31 | CN¥6.44 | CN¥15.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Heda 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): -0.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.18%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.41x
- Recent ROE (-0.81%) is below the historical average (15.78%), 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 | -3.95% | -1.78% | 0.98x | 2.26x | CN¥-1.89 Million |
| 2013 | 26.91% | 10.90% | 0.97x | 2.55x | CN¥3.13 Million |
| 2014 | 46.04% | 17.33% | 1.32x | 2.01x | CN¥7.90 Million |
| 2015 | 34.54% | 26.81% | 0.87x | 1.48x | CN¥14.91 Million |
| 2016 | 28.35% | 23.86% | 0.83x | 1.43x | CN¥18.00 Million |
| 2017 | 15.98% | 18.07% | 0.61x | 1.45x | CN¥8.32 Million |
| 2018 | 8.00% | 7.81% | 0.64x | 1.60x | CN¥-3.18 Million |
| 2019 | 11.66% | 13.34% | 0.58x | 1.50x | CN¥4.46 Million |
| 2020 | 21.82% | 20.83% | 0.67x | 1.57x | CN¥41.00 Million |
| 2021 | 13.86% | 19.76% | 0.53x | 1.32x | CN¥27.93 Million |
| 2022 | 6.99% | 11.06% | 0.48x | 1.32x | CN¥-22.38 Million |
| 2023 | -4.23% | -8.60% | 0.34x | 1.43x | CN¥-99.34 Million |
| 2024 | -0.81% | -1.18% | 0.49x | 1.41x | CN¥-74.82 Million |
Industry Comparison
This section compares Zhejiang Heda Technology Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $1,439,652,520
- Average return on equity (ROE) among peers: 2.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Heda Technology Co Ltd (688296) | CN¥640.59 Million | -3.95% | 0.49x | $122.81 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $584.48 Million | 10.98% | 0.21x | $1.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $64.80 Million | 0.52% | 1.08x | $175.81 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $336.94 Million | 2.85% | 0.21x | $1.17 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $3.08 Billion | 7.76% | 0.50x | $278.69 Million |
| Gansu Dayu Water saving Group (300021) | $426.20 Million | 7.03% | 1.63x | $347.65 Million |
| Beijing Water Business Doctor (300055) | $1.75 Billion | 5.65% | 0.24x | $351.93 Million |
| BGT Group Co. Ltd. (300774) | $1.02 Billion | 11.72% | 0.28x | $366.11 Million |
| Hynar Water Group Co. Ltd. (300961) | $777.03 Million | -31.81% | 2.48x | $330.12 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $896.71 Million | 5.89% | 1.20x | $197.50 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $5.47 Billion | 2.65% | 3.12x | $316.91 Million |