Xiangyang Automobile Bearing Co Ltd

SHE:000678 China Auto Parts
Market Cap
$764.85 Million
CN¥5.61 Billion CNY
Market Cap Rank
#9161 Global
#1854 in China
Share Price
CN¥12.21
Change (1 day)
+0.25%
52-Week Range
CN¥10.24 - CN¥18.90
All Time High
CN¥18.90
Categories
Companies in China Auto Parts
About

Xiangyang Automobile Bearing Co., Ltd. researches, develops, manufactures, and sells automobile bearings in China. The company provides ball, TRB, CRB, NRB, CHB, CVJ, CJ, and other bearings. It also offers various bearing products in the areas of machinery, agricultural machinery, household appliances, wind power, etc. The company's products are used in heavy-duty, medium-duty, light-duty, and mi… Read more

Xiangyang Automobile Bearing Co Ltd (000678) - Net Assets

Latest net assets as of September 2025: CN¥815.79 Million CNY

Based on the latest financial reports, Xiangyang Automobile Bearing Co Ltd (000678) has net assets worth CN¥815.79 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¥2.29 Billion) and total liabilities (CN¥1.47 Billion). 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¥815.79 Million
% of Total Assets 35.64%
Annual Growth Rate 3.6%
5-Year Change -24.35%
10-Year Change -16.8%
Growth Volatility 25.1

Xiangyang Automobile Bearing Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Xiangyang Automobile Bearing 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 Xiangyang Automobile Bearing Co Ltd (1993–2024)

The table below shows the annual net assets of Xiangyang Automobile Bearing Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥871.28 Million -5.92%
2023-12-31 CN¥926.07 Million -4.19%
2022-12-31 CN¥966.59 Million -11.98%
2021-12-31 CN¥1.10 Billion -4.65%
2020-12-31 CN¥1.15 Billion -9.10%
2019-12-31 CN¥1.27 Billion +0.74%
2018-12-31 CN¥1.26 Billion -4.90%
2017-12-31 CN¥1.32 Billion +2.57%
2016-12-31 CN¥1.29 Billion +23.14%
2015-12-31 CN¥1.05 Billion -4.75%
2014-12-31 CN¥1.10 Billion +0.13%
2013-12-31 CN¥1.10 Billion +106.78%
2012-12-31 CN¥530.98 Million +1.01%
2011-12-31 CN¥525.68 Million +5.12%
2010-12-31 CN¥500.08 Million +5.52%
2009-12-31 CN¥473.93 Million +1.14%
2008-12-31 CN¥468.60 Million -9.92%
2007-12-31 CN¥520.20 Million +37.36%
2006-12-31 CN¥378.71 Million +5.59%
2005-12-31 CN¥358.67 Million +1.98%
2004-12-31 CN¥351.71 Million +4.12%
2003-12-31 CN¥337.81 Million +5.62%
2002-12-31 CN¥319.83 Million -19.99%
2001-12-31 CN¥399.73 Million -26.13%
2000-12-31 CN¥541.12 Million +22.00%
1999-12-31 CN¥443.53 Million -7.38%
1998-12-31 CN¥478.88 Million +11.23%
1997-12-31 CN¥430.51 Million +12.20%
1996-12-31 CN¥383.72 Million +64.67%
1995-12-31 CN¥233.02 Million +5.63%
1994-12-31 CN¥220.59 Million -24.13%
1993-12-31 CN¥290.76 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xiangyang Automobile Bearing 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 decreased by 46076910800.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥459.61 Million 57.49%
Other Comprehensive Income CN¥134.73 Million 16.85%
Other Components CN¥665.94 Million 83.29%
Total Equity CN¥799.51 Million 100.00%

Xiangyang Automobile Bearing Co Ltd Competitors by Market Cap

The table below lists competitors of Xiangyang Automobile Bearing Co Ltd ranked by their market capitalization.

Company Market Cap
Elmos Semiconductor SE
PINK:ELTTF
 		$634.53 Million
Zhejiang Southeast Space Frame Co Ltd
SHE:002135
 		$634.66 Million
Guangdong Silvere Sci and Tech
SHE:300221
 		$634.75 Million
RaySearch Laboratories AB (publ)
PINK:RSLBF
 		$634.88 Million
Lightwave Logic Inc
NASDAQ:LWLG
 		$634.08 Million
Etron Technology
TWO:5351
 		$633.75 Million
Schnitzer Steel Industries Inc
F:SS1A
 		$633.41 Million
Oyak Cimento Fabrikalari AS
IS:OYAKC
 		$633.40 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xiangyang Automobile Bearing Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 838,801,285 to 799,509,675, a change of -39,291,610 (-4.7%).
  • Net loss of 35,369,214 reduced equity.
  • Dividend payments of 22,528,210 reduced retained earnings.
  • Other comprehensive income decreased equity by 3,922,396.
  • Other factors increased equity by 22,528,210.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-35.37 Million -4.42%
Dividends Paid CN¥22.53 Million -2.82%
Other Comprehensive Income CN¥-3.92 Million -0.49%
Other Changes CN¥22.53 Million +2.82%
Total Change CN¥- -4.68%

Book Value vs Market Value Analysis

This analysis compares Xiangyang Automobile Bearing 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: 6.75x
  • 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 12.67x to 6.75x 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¥0.96 CN¥12.21 x
1994-12-31 CN¥0.73 CN¥12.21 x
1995-12-31 CN¥0.77 CN¥12.21 x
1996-12-31 CN¥1.27 CN¥12.21 x
1997-12-31 CN¥1.43 CN¥12.21 x
1998-12-31 CN¥1.59 CN¥12.21 x
1999-12-31 CN¥1.47 CN¥12.21 x
2000-12-31 CN¥1.79 CN¥12.21 x
2001-12-31 CN¥1.32 CN¥12.21 x
2002-12-31 CN¥1.06 CN¥12.21 x
2003-12-31 CN¥1.12 CN¥12.21 x
2004-12-31 CN¥1.17 CN¥12.21 x
2005-12-31 CN¥1.19 CN¥12.21 x
2006-12-31 CN¥1.25 CN¥12.21 x
2007-12-31 CN¥1.72 CN¥12.21 x
2008-12-31 CN¥1.40 CN¥12.21 x
2009-12-31 CN¥1.65 CN¥12.21 x
2010-12-31 CN¥1.58 CN¥12.21 x
2011-12-31 CN¥1.84 CN¥12.21 x
2012-12-31 CN¥2.17 CN¥12.21 x
2013-12-31 CN¥2.35 CN¥12.21 x
2014-12-31 CN¥2.62 CN¥12.21 x
2015-12-31 CN¥2.24 CN¥12.21 x
2016-12-31 CN¥3.15 CN¥12.21 x
2017-12-31 CN¥3.24 CN¥12.21 x
2018-12-31 CN¥2.58 CN¥12.21 x
2019-12-31 CN¥2.61 CN¥12.21 x
2020-12-31 CN¥2.37 CN¥12.21 x
2021-12-31 CN¥2.25 CN¥12.21 x
2022-12-31 CN¥1.90 CN¥12.21 x
2023-12-31 CN¥1.87 CN¥12.21 x
2024-12-31 CN¥1.81 CN¥12.21 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xiangyang Automobile Bearing 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): -4.42%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -2.43%
  • • Asset Turnover: 0.65x
  • • Equity Multiplier: 2.80x
  • Recent ROE (-4.42%) is below the historical average (0.58%), 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 20.20% 15.28% 0.68x 1.93x CN¥29.67 Million
1994 16.96% 11.68% 0.57x 2.53x CN¥15.35 Million
1995 15.03% 9.74% 0.55x 2.81x CN¥11.72 Million
1996 11.63% 11.54% 0.50x 2.02x CN¥6.24 Million
1997 10.87% 12.14% 0.46x 1.97x CN¥3.72 Million
1998 10.02% 12.33% 0.43x 1.88x CN¥77.63K
1999 6.07% 9.70% 0.30x 2.06x CN¥-17.44 Million
2000 -10.38% -26.62% 0.22x 1.80x CN¥-110.26 Million
2001 -23.04% -36.48% 0.31x 2.03x CN¥-132.06 Million
2002 -26.00% -34.48% 0.32x 2.36x CN¥-115.13 Million
2003 2.32% 3.65% 0.31x 2.05x CN¥-25.94 Million
2004 3.10% 4.84% 0.33x 1.97x CN¥-24.28 Million
2005 1.63% 2.42% 0.36x 1.89x CN¥-30.01 Million
2006 5.71% 7.89% 0.43x 1.67x CN¥-16.23 Million
2007 5.86% 7.77% 0.49x 1.55x CN¥-21.54 Million
2008 2.85% 2.71% 0.63x 1.67x CN¥-33.37 Million
2009 2.83% 2.71% 0.63x 1.65x CN¥-33.75 Million
2010 5.06% 3.19% 0.86x 1.85x CN¥-24.55 Million
2011 4.90% 2.93% 0.83x 2.00x CN¥-26.65 Million
2012 0.92% 0.64% 0.58x 2.50x CN¥-47.90 Million
2013 0.30% 0.34% 0.43x 2.02x CN¥-103.34 Million
2014 0.60% 0.50% 0.57x 2.11x CN¥-99.86 Million
2015 -8.02% -6.30% 0.53x 2.39x CN¥-177.19 Million
2016 0.95% 0.84% 0.54x 2.11x CN¥-110.74 Million
2017 0.92% 0.76% 0.54x 2.24x CN¥-113.56 Million
2018 -5.04% -4.00% 0.54x 2.33x CN¥-178.17 Million
2019 1.02% 0.99% 0.46x 2.25x CN¥-107.68 Million
2020 -8.58% -7.85% 0.46x 2.38x CN¥-202.59 Million
2021 -4.71% -3.71% 0.54x 2.37x CN¥-152.47 Million
2022 -14.59% -11.26% 0.47x 2.75x CN¥-214.52 Million
2023 -6.40% -3.85% 0.58x 2.84x CN¥-137.60 Million
2024 -4.42% -2.43% 0.65x 2.80x CN¥-115.32 Million

Industry Comparison

This section compares Xiangyang Automobile Bearing Co Ltd's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

  • Industry: Auto Parts
  • Average net assets among peers: $1,439,986,752
  • Average return on equity (ROE) among peers: 3.37%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xiangyang Automobile Bearing Co Ltd (000678) CN¥815.79 Million 20.20% 1.81x $634.11 Million
FAWER Automotive Parts Ltd Co (000030) $-1.47 Billion 0.00% 0.00x $357.04 Million
Wanxiang Qianchao Co Ltd (000559) $2.12 Billion 6.41% 1.35x $2.55 Billion
Weifu High-Technology Group Co Ltd (000581) $2.53 Billion 7.20% 0.77x $1.94 Billion
Gui Zhou Tyre Co Ltd (000589) $1.00 Billion 2.41% 2.13x $795.51 Million
Qingdao Doublestar Co Ltd (000599) $2.38 Billion -29.03% 3.14x $451.93 Million
Hengli Industrial Development Group Co Ltd (000622) $222.30 Million 0.00% 0.68x $7.81 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700) $2.41 Billion 12.25% 0.89x $946.59 Million
Sichuan Haowu Electromechanical Co Ltd (000757) $1.79 Billion 4.84% 0.58x $233.01 Million
Anhui Zhongding Sealing Parts Co Ltd (000887) $1.97 Billion 26.21% 0.98x $2.06 Billion