Gui Zhou Tyre Co Ltd (000589) - Net Assets
Based on the latest financial reports, Gui Zhou Tyre Co Ltd (000589) has net assets worth CN¥8.97 Billion CNY (≈ $1.31 Billion 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¥18.30 Billion ≈ $2.68 Billion USD) and total liabilities (CN¥9.33 Billion ≈ $1.37 Billion 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. Check Gui Zhou Tyre Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.97 Billion |
| % of Total Assets | 49.0% |
| Annual Growth Rate | 18.68% |
| 5-Year Change | 81.27% |
| 10-Year Change | 153.92% |
| Growth Volatility | 32.8 |
Gui Zhou Tyre Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how Gui Zhou Tyre Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Gui Zhou Tyre Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Gui Zhou Tyre Co Ltd (1992–2024)
The table below shows the annual net assets of Gui Zhou Tyre Co Ltd from 1992 to 2024. For live valuation and market cap data, see 000589 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.85 Billion ≈ $1.29 Billion |
+23.86% |
| 2023-12-31 | CN¥7.14 Billion ≈ $1.05 Billion |
+10.23% |
| 2022-12-31 | CN¥6.48 Billion ≈ $948.49 Million |
+9.10% |
| 2021-12-31 | CN¥5.94 Billion ≈ $869.35 Million |
+21.69% |
| 2020-12-31 | CN¥4.88 Billion ≈ $714.41 Million |
+31.11% |
| 2019-12-31 | CN¥3.72 Billion ≈ $544.88 Million |
+9.03% |
| 2018-12-31 | CN¥3.42 Billion ≈ $499.76 Million |
+2.27% |
| 2017-12-31 | CN¥3.34 Billion ≈ $488.68 Million |
-6.69% |
| 2016-12-31 | CN¥3.58 Billion ≈ $523.73 Million |
+2.69% |
| 2015-12-31 | CN¥3.49 Billion ≈ $509.99 Million |
-7.66% |
| 2014-12-31 | CN¥3.77 Billion ≈ $552.31 Million |
+58.32% |
| 2013-12-31 | CN¥2.38 Billion ≈ $348.86 Million |
+6.18% |
| 2012-12-31 | CN¥2.25 Billion ≈ $328.54 Million |
+4.48% |
| 2011-12-31 | CN¥2.15 Billion ≈ $314.44 Million |
+33.54% |
| 2010-12-31 | CN¥1.61 Billion ≈ $235.47 Million |
+3.73% |
| 2009-12-31 | CN¥1.55 Billion ≈ $227.00 Million |
+27.57% |
| 2008-12-31 | CN¥1.22 Billion ≈ $177.94 Million |
+1.15% |
| 2007-12-31 | CN¥1.20 Billion ≈ $175.92 Million |
+12.22% |
| 2006-12-31 | CN¥1.07 Billion ≈ $156.76 Million |
+2.05% |
| 2005-12-31 | CN¥1.05 Billion ≈ $153.61 Million |
+4.85% |
| 2004-12-31 | CN¥1.00 Billion ≈ $146.50 Million |
+11.53% |
| 2003-12-31 | CN¥897.72 Million ≈ $131.36 Million |
+6.81% |
| 2002-12-31 | CN¥840.45 Million ≈ $122.98 Million |
+3.74% |
| 2001-12-31 | CN¥810.12 Million ≈ $118.55 Million |
-7.05% |
| 2000-12-31 | CN¥871.52 Million ≈ $127.53 Million |
+9.15% |
| 1999-12-31 | CN¥798.46 Million ≈ $116.84 Million |
+21.57% |
| 1998-12-31 | CN¥656.78 Million ≈ $96.11 Million |
+2.13% |
| 1997-12-31 | CN¥643.09 Million ≈ $94.10 Million |
+94.57% |
| 1996-12-31 | CN¥330.52 Million ≈ $48.37 Million |
+152.52% |
| 1995-12-31 | CN¥130.89 Million ≈ $19.15 Million |
+68.48% |
| 1994-12-31 | CN¥77.69 Million ≈ $11.37 Million |
+36.52% |
| 1993-12-31 | CN¥56.90 Million ≈ $8.33 Million |
+54.37% |
| 1992-12-31 | CN¥36.86 Million ≈ $5.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Gui Zhou Tyre 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 294429970900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.94 Billion | 33.49% |
| Common Stock | CN¥1.56 Billion | 17.69% |
| Other Components | CN¥4.29 Billion | 48.82% |
| Total Equity | CN¥8.79 Billion | 100.00% |
Gui Zhou Tyre Co Ltd Competitors by Market Cap
The table below lists competitors of Gui Zhou Tyre Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TravelSky Technology Limited
F:TVL
|
$1.14 Billion |
|
Xiamen XGMA Machinery Co Ltd
SHG:600815
|
$1.14 Billion |
|
Jiangxi Xinyu Guoke Technology Co Ltd Class A
SHE:300722
|
$1.14 Billion |
|
Hengkang Medical Group Co Ltd
SHE:002219
|
$1.15 Billion |
|
CHIPMOS TECH.ADR 20 TA10
F:CPIA
|
$1.14 Billion |
|
Top Energy Shanxi Co Ltd
SHG:600780
|
$1.14 Billion |
|
ShenZhen Kondarl Group Co Ltd
SHE:000048
|
$1.14 Billion |
|
Meren Energy Inc.
NASDAQ:MRNFF
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gui Zhou Tyre Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,088,502,088 to 8,791,161,894, a change of 1,702,659,806 (24.0%).
- Net income of 615,485,040 contributed positively to equity growth.
- Dividend payments of 432,957,480 reduced retained earnings.
- Share repurchases of 32,995,759 reduced equity.
- Other comprehensive income decreased equity by 692,023,506.
- Other factors increased equity by 2,245,151,511.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥615.49 Million | +7.0% |
| Dividends Paid | CN¥432.96 Million | -4.92% |
| Share Repurchases | CN¥33.00 Million | -0.38% |
| Other Comprehensive Income | CN¥-692.02 Million | -7.87% |
| Other Changes | CN¥2.25 Billion | +25.54% |
| Total Change | CN¥- | 24.02% |
Book Value vs Market Value Analysis
This analysis compares Gui Zhou Tyre 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 37.75x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.13 | CN¥5.03 | x |
| 1994-12-31 | CN¥0.18 | CN¥5.03 | x |
| 1995-12-31 | CN¥0.31 | CN¥5.03 | x |
| 1996-12-31 | CN¥0.77 | CN¥5.03 | x |
| 1997-12-31 | CN¥1.50 | CN¥5.03 | x |
| 1998-12-31 | CN¥1.53 | CN¥5.03 | x |
| 1999-12-31 | CN¥1.87 | CN¥5.03 | x |
| 2000-12-31 | CN¥2.04 | CN¥5.03 | x |
| 2001-12-31 | CN¥1.90 | CN¥5.03 | x |
| 2002-12-31 | CN¥1.96 | CN¥5.03 | x |
| 2003-12-31 | CN¥2.09 | CN¥5.03 | x |
| 2004-12-31 | CN¥2.34 | CN¥5.03 | x |
| 2005-12-31 | CN¥2.46 | CN¥5.03 | x |
| 2006-12-31 | CN¥2.09 | CN¥5.03 | x |
| 2007-12-31 | CN¥2.32 | CN¥5.03 | x |
| 2008-12-31 | CN¥2.36 | CN¥5.03 | x |
| 2009-12-31 | CN¥3.04 | CN¥5.03 | x |
| 2010-12-31 | CN¥3.21 | CN¥5.03 | x |
| 2011-12-31 | CN¥3.74 | CN¥5.03 | x |
| 2012-12-31 | CN¥3.78 | CN¥5.03 | x |
| 2013-12-31 | CN¥4.11 | CN¥5.03 | x |
| 2014-12-31 | CN¥4.54 | CN¥5.03 | x |
| 2015-12-31 | CN¥3.70 | CN¥5.03 | x |
| 2016-12-31 | CN¥3.92 | CN¥5.03 | x |
| 2017-12-31 | CN¥3.63 | CN¥5.03 | x |
| 2018-12-31 | CN¥3.54 | CN¥5.03 | x |
| 2019-12-31 | CN¥3.99 | CN¥5.03 | x |
| 2020-12-31 | CN¥5.09 | CN¥5.03 | x |
| 2021-12-31 | CN¥7.51 | CN¥5.03 | x |
| 2022-12-31 | CN¥4.96 | CN¥5.03 | x |
| 2023-12-31 | CN¥4.77 | CN¥5.03 | x |
| 2024-12-31 | CN¥5.65 | CN¥5.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gui Zhou Tyre 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): 7.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.76%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.05x
- Recent ROE (7.00%) is below the historical average (8.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 35.22% | 3.94% | 2.67x | 3.35x | CN¥14.35 Million |
| 1994 | 26.52% | 3.72% | 2.14x | 3.33x | CN¥12.83 Million |
| 1995 | 23.38% | 4.48% | 1.30x | 4.01x | CN¥17.51 Million |
| 1996 | 29.00% | 10.28% | 0.90x | 3.14x | CN¥62.22 Million |
| 1997 | 13.03% | 8.06% | 0.73x | 2.22x | CN¥19.41 Million |
| 1998 | 8.68% | 5.58% | 0.63x | 2.46x | CN¥-8.62 Million |
| 1999 | 1.49% | 1.15% | 0.48x | 2.70x | CN¥-67.86 Million |
| 2000 | 1.70% | 0.94% | 0.66x | 2.72x | CN¥-72.20 Million |
| 2001 | -9.29% | -5.79% | 0.54x | 2.97x | CN¥-156.27 Million |
| 2002 | 2.87% | 1.55% | 0.65x | 2.86x | CN¥-59.67 Million |
| 2003 | 4.02% | 1.80% | 0.73x | 3.06x | CN¥-53.39 Million |
| 2004 | 2.41% | 1.06% | 0.73x | 3.13x | CN¥-75.96 Million |
| 2005 | 4.62% | 1.61% | 0.95x | 3.03x | CN¥-56.49 Million |
| 2006 | 5.60% | 1.71% | 1.08x | 3.03x | CN¥-47.17 Million |
| 2007 | 7.33% | 2.16% | 1.15x | 2.96x | CN¥-31.74 Million |
| 2008 | 4.24% | 1.17% | 1.09x | 3.33x | CN¥-69.48 Million |
| 2009 | 23.42% | 7.61% | 1.09x | 2.82x | CN¥206.54 Million |
| 2010 | 7.80% | 2.00% | 1.14x | 3.43x | CN¥-35.20 Million |
| 2011 | 4.46% | 1.27% | 1.07x | 3.30x | CN¥-118.48 Million |
| 2012 | 5.73% | 1.94% | 0.98x | 3.01x | CN¥-95.54 Million |
| 2013 | 7.29% | 2.68% | 0.86x | 3.18x | CN¥-64.45 Million |
| 2014 | 4.40% | 2.99% | 0.57x | 2.58x | CN¥-211.18 Million |
| 2015 | -7.43% | -5.47% | 0.42x | 3.21x | CN¥-607.60 Million |
| 2016 | 0.42% | 0.27% | 0.54x | 2.91x | CN¥-343.09 Million |
| 2017 | -6.66% | -3.19% | 0.72x | 2.92x | CN¥-554.45 Million |
| 2018 | 2.59% | 1.29% | 0.65x | 3.08x | CN¥-252.15 Million |
| 2019 | 3.65% | 2.10% | 0.61x | 2.83x | CN¥-235.72 Million |
| 2020 | 23.38% | 16.72% | 0.59x | 2.36x | CN¥651.46 Million |
| 2021 | 6.25% | 5.04% | 0.57x | 2.18x | CN¥-221.95 Million |
| 2022 | 6.65% | 5.08% | 0.54x | 2.44x | CN¥-216.22 Million |
| 2023 | 11.75% | 8.67% | 0.54x | 2.49x | CN¥123.80 Million |
| 2024 | 7.00% | 5.76% | 0.59x | 2.05x | CN¥-263.63 Million |
Industry Comparison
This section compares Gui Zhou Tyre Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,801,063,038
- Average return on equity (ROE) among peers: 8.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gui Zhou Tyre Co Ltd (000589) | CN¥8.97 Billion | 35.22% | 1.04x | $1.14 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Gui Zhou Tyre Co Ltd
Guizhou Tyre Co.,Ltd. engages in the research, development, production, and sale of tires in China. The company offers tires for truck/passenger cars, OTRs, agricultural and forestry machineries, industrial vehicles, trailers, and mining machineries, as well as solid and special tires under the Advance, Samson, Tornado, Chinhoo, and Jingang brands. It also provides loader, bulldozer, roller, sand… Read more