Zhejiang Meida Industrial Co Ltd
Zhejiang Meida Industrial Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of household kitchen appliances in China. The company offers integrated stoves, kitchen cabinets, electric steamers, integrated sinks, dishwashers, water heaters, steam and electric ovens, all-in-one steam-bake machines, all-in-one steam-bake-fryer and stew machines, and… Read more
Zhejiang Meida Industrial Co Ltd (002677) - Total Assets
Latest total assets as of September 2025: CN¥1.62 Billion CNY
Based on the latest financial reports, Zhejiang Meida Industrial Co Ltd (002677) holds total assets worth CN¥1.62 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Zhejiang Meida Industrial Co Ltd - Total Assets Trend (2008–2024)
This chart illustrates how Zhejiang Meida Industrial Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Zhejiang Meida Industrial Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Zhejiang Meida Industrial Co Ltd's total assets of CN¥1.62 Billion consist of 53.2% current assets and 46.9% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 48.9% |
| Accounts Receivable | CN¥17.61 Million | 0.9% |
| Inventory | CN¥49.94 Million | 2.7% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥146.75 Million | 7.8% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2008–2024)
This chart illustrates how Zhejiang Meida Industrial Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Zhejiang Meida Industrial Co Ltd's current assets represent 53.2% of total assets in 2024, a decrease from 57.1% in 2008.
- Cash Position: Cash and equivalents constituted 48.9% of total assets in 2024, up from 19.7% in 2008.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 7.0% of total assets, an increase from 4.0% in 2008.
- Asset Diversification: The largest asset category is intangible assets at 7.8% of total assets.
Zhejiang Meida Industrial Co Ltd Competitors by Total Assets
Key competitors of Zhejiang Meida Industrial Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Midea Group Co Ltd
SHE:000333
|
China | CN¥593.31 Billion |
|
Gree Electric Appliances Inc of Zhuhai
SHE:000651
|
China | CN¥399.22 Billion |
|
Hisense Kelon Electrical Holdings Co Ltd
SHE:000921
|
China | CN¥71.93 Billion |
|
Suncha Technology Co Ltd
SHE:001211
|
China | CN¥1.86 Billion |
|
Beijing Liven Technology Co. Ltd.
SHE:001259
|
China | CN¥838.81 Million |
|
De Rucci Healthy Sleep Co. Ltd.
SHE:001323
|
China | CN¥7.71 Billion |
|
Tongda Smart Tech (Xiamen) Co. Ltd. A
SHE:001368
|
China | CN¥1.73 Billion |
|
Hefei Snowky Elec Co Ltd
SHE:001387
|
China | CN¥2.43 Billion |
Zhejiang Meida Industrial Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Zhejiang Meida Industrial Co Ltd generates 0.47x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Zhejiang Meida Industrial Co Ltd generates $5.87 in net profit.
Zhejiang Meida Industrial Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 5.49 | 5.77 | 2.54 |
| Quick Ratio | 5.12 | 5.33 | 2.36 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥553.31 Million | CN¥ 769.73 Million | CN¥ 688.62 Million |
Zhejiang Meida Industrial Co Ltd - Advanced Valuation Insights
This section examines the relationship between Zhejiang Meida Industrial Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 3.73 |
| Latest Market Cap to Assets Ratio | 0.14 |
| Asset Growth Rate (YoY) | -19.3% |
| Total Assets | CN¥1.88 Billion |
| Market Capitalization | $272.58 Million USD |
Valuation Analysis
Below Book Valuation: The market values Zhejiang Meida Industrial Co Ltd's assets below their book value (0.14 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Zhejiang Meida Industrial Co Ltd's assets decreased by 19.3% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Zhejiang Meida Industrial Co Ltd (2008–2024)
The table below shows the annual total assets of Zhejiang Meida Industrial Co Ltd from 2008 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.88 Billion | -19.32% |
| 2023-12-31 | CN¥2.33 Billion | +2.28% |
| 2022-12-31 | CN¥2.28 Billion | -3.18% |
| 2021-12-31 | CN¥2.36 Billion | +8.13% |
| 2020-12-31 | CN¥2.18 Billion | +9.65% |
| 2019-12-31 | CN¥1.99 Billion | +11.58% |
| 2018-12-31 | CN¥1.78 Billion | +6.26% |
| 2017-12-31 | CN¥1.68 Billion | +19.89% |
| 2016-12-31 | CN¥1.40 Billion | +15.33% |
| 2015-12-31 | CN¥1.21 Billion | +7.14% |
| 2014-12-31 | CN¥1.13 Billion | +5.42% |
| 2013-12-31 | CN¥1.07 Billion | +7.06% |
| 2012-12-31 | CN¥1.00 Billion | +117.92% |
| 2011-12-31 | CN¥459.93 Million | +7.68% |
| 2010-12-31 | CN¥427.13 Million | -5.24% |
| 2009-12-31 | CN¥450.76 Million | +42.41% |
| 2008-12-31 | CN¥316.53 Million | -- |