Zhejiang Heda Technology Co Ltd (688296) - Net Assets
Based on the latest financial reports, Zhejiang Heda Technology Co Ltd (688296) has net assets worth CN¥577.00 Million CNY (≈ $84.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥905.22 Million ≈ $132.46 Million USD) and total liabilities (CN¥328.22 Million ≈ $48.03 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. Explore 688296 cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥577.00 Million |
| % of Total Assets | 63.74% |
| Annual Growth Rate | 33.6% |
| 5-Year Change | -17.48% |
| 10-Year Change | 480.63% |
| Growth Volatility | 52.24 |
Zhejiang Heda Technology Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Zhejiang Heda Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Heda Technology Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Heda Technology Co Ltd (2012–2025)
The table below shows the annual net assets of Zhejiang Heda Technology Co Ltd from 2012 to 2025. For live valuation and market cap data, see market cap of Zhejiang Heda Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥604.25 Million ≈ $88.42 Million |
-13.62% |
| 2024-12-31 | CN¥699.54 Million ≈ $102.36 Million |
-0.57% |
| 2023-12-31 | CN¥703.56 Million ≈ $102.95 Million |
-6.57% |
| 2022-12-31 | CN¥753.02 Million ≈ $110.19 Million |
+2.83% |
| 2021-12-31 | CN¥732.28 Million ≈ $107.15 Million |
+106.26% |
| 2020-12-31 | CN¥355.03 Million ≈ $51.95 Million |
+29.51% |
| 2019-12-31 | CN¥274.14 Million ≈ $40.12 Million |
+68.21% |
| 2018-12-31 | CN¥162.97 Million ≈ $23.85 Million |
+13.98% |
| 2017-12-31 | CN¥142.99 Million ≈ $20.92 Million |
+37.40% |
| 2016-12-31 | CN¥104.07 Million ≈ $15.23 Million |
+66.51% |
| 2015-12-31 | CN¥62.50 Million ≈ $9.15 Million |
+181.96% |
| 2014-12-31 | CN¥22.17 Million ≈ $3.24 Million |
+15.68% |
| 2013-12-31 | CN¥19.16 Million ≈ $2.80 Million |
+36.90% |
| 2012-12-31 | CN¥14.00 Million ≈ $2.05 Million |
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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 4227.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥105.97 Million | 17.78% |
| Other Components | CN¥490.11 Million | 82.22% |
| Total Equity | CN¥596.08 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 |
|---|---|
|
Steamships Trading Company Ltd
AU:SST
|
$241.34 Million |
|
Praemium Ltd
AU:PPS
|
$241.44 Million |
|
Thu Dau Mot Water JSC
VN:TDM
|
$241.45 Million |
|
PharmaEngine
TWO:4162
|
$241.48 Million |
|
Accel S.A.B. de C.V
MX:ACCELSAB
|
$241.15 Million |
|
Bank Net Indonesia Syariah Tbk PT
JK:BANK
|
$240.98 Million |
|
Insecticides (India) Limited
NSE:INSECTICID
|
$240.76 Million |
|
BTB Real Estate Investment Trust
TO:BTB-UN
|
$240.72 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 2024 to 2025, total equity changed from 691,855,164 to 596,082,600, a change of -95,772,564 (-13.8%).
- Net loss of 65,526,900 reduced equity.
- Dividend payments of 1,071,624 reduced retained earnings.
- Other comprehensive income increased equity by 2,337,265.
- Other factors decreased equity by 31,511,305.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-65.53 Million | -10.99% |
| Dividends Paid | CN¥1.07 Million | -0.18% |
| Other Comprehensive Income | CN¥2.34 Million | +0.39% |
| Other Changes | CN¥-31.51 Million | -5.29% |
| Total Change | CN¥- | -13.84% |
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: 2.75x
- 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 14.56x to 2.75x 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¥15.28 | x |
| 2013-12-31 | CN¥0.56 | CN¥15.28 | x |
| 2014-12-31 | CN¥1.17 | CN¥15.28 | x |
| 2015-12-31 | CN¥1.37 | CN¥15.28 | x |
| 2016-12-31 | CN¥1.82 | CN¥15.28 | x |
| 2017-12-31 | CN¥1.94 | CN¥15.28 | x |
| 2018-12-31 | CN¥2.12 | CN¥15.28 | x |
| 2019-12-31 | CN¥3.60 | CN¥15.28 | x |
| 2020-12-31 | CN¥4.31 | CN¥15.28 | x |
| 2021-12-31 | CN¥7.86 | CN¥15.28 | x |
| 2022-12-31 | CN¥6.86 | CN¥15.28 | x |
| 2023-12-31 | CN¥6.39 | CN¥15.28 | x |
| 2024-12-31 | CN¥6.14 | CN¥15.28 | x |
| 2025-12-31 | CN¥5.55 | CN¥15.28 | 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): -10.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.36%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.62x
- Recent ROE (-10.99%) is below the historical average (13.87%), 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 |
| 2025 | -10.99% | -21.36% | 0.32x | 1.62x | CN¥-125.14 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: $1,433,871,090
- Average return on equity (ROE) among peers: 11.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Heda Technology Co Ltd (688296) | CN¥577.00 Million | -3.95% | 0.57x | $241.26 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $12.14 Million | 59.81% | 0.17x | $3.00 Billion |
| Bohai Water Industry Co Ltd (000605) | $139.28 Million | 11.36% | 1.64x | $324.60 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $270.37 Million | 0.66% | 1.71x | $2.55 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $3.08 Billion | 7.76% | 0.50x | $1.17 Billion |
| Gansu Dayu Water saving Group (300021) | $478.52 Million | 3.49% | 1.97x | $587.95 Million |
| Beijing Water Business Doctor (300055) | $5.50 Billion | 0.65% | 0.49x | $1.03 Billion |
| BGT Group Co. Ltd. (300774) | $1.52 Billion | 2.16% | 0.65x | $863.13 Million |
| Hynar Water Group Co. Ltd. (300961) | $603.05 Million | 15.91% | 1.02x | $321.94 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $870.50 Million | -3.37% | 1.10x | $599.66 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $1.86 Billion | 16.06% | 0.69x | $680.31 Million |
About 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