Zhejiang Qianjiang Motorcycle Co Ltd (000913) - Net Assets
Based on the latest financial reports, Zhejiang Qianjiang Motorcycle Co Ltd (000913) has net assets worth CN¥5.32 Billion CNY (≈ $779.15 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¥9.77 Billion ≈ $1.43 Billion USD) and total liabilities (CN¥4.44 Billion ≈ $650.39 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. Check 000913 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.32 Billion |
| % of Total Assets | 54.5% |
| Annual Growth Rate | 11.07% |
| 5-Year Change | 78.23% |
| 10-Year Change | 127.09% |
| Growth Volatility | 27.11 |
Zhejiang Qianjiang Motorcycle Co Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Zhejiang Qianjiang Motorcycle Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhejiang Qianjiang Motorcycle Co Ltd (000913) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Qianjiang Motorcycle Co Ltd (1996–2025)
The table below shows the annual net assets of Zhejiang Qianjiang Motorcycle Co Ltd from 1996 to 2025. For live valuation and market cap data, see Zhejiang Qianjiang Motorcycle Co Ltd (000913) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.37 Billion ≈ $786.18 Million |
+11.96% |
| 2024-12-31 | CN¥4.80 Billion ≈ $702.20 Million |
+7.94% |
| 2023-12-31 | CN¥4.45 Billion ≈ $650.55 Million |
+26.50% |
| 2022-12-31 | CN¥3.51 Billion ≈ $514.25 Million |
+16.59% |
| 2021-12-31 | CN¥3.01 Billion ≈ $441.10 Million |
+12.33% |
| 2020-12-31 | CN¥2.68 Billion ≈ $392.70 Million |
+0.37% |
| 2019-12-31 | CN¥2.67 Billion ≈ $391.24 Million |
+6.26% |
| 2018-12-31 | CN¥2.52 Billion ≈ $368.21 Million |
-0.31% |
| 2017-12-31 | CN¥2.52 Billion ≈ $369.35 Million |
+6.69% |
| 2016-12-31 | CN¥2.37 Billion ≈ $346.20 Million |
+16.49% |
| 2015-12-31 | CN¥2.03 Billion ≈ $297.18 Million |
-3.12% |
| 2014-12-31 | CN¥2.10 Billion ≈ $306.74 Million |
-7.99% |
| 2013-12-31 | CN¥2.28 Billion ≈ $333.38 Million |
-2.31% |
| 2012-12-31 | CN¥2.33 Billion ≈ $341.25 Million |
+59.84% |
| 2011-12-31 | CN¥1.46 Billion ≈ $213.49 Million |
-0.64% |
| 2010-12-31 | CN¥1.47 Billion ≈ $214.86 Million |
+8.97% |
| 2009-12-31 | CN¥1.35 Billion ≈ $197.18 Million |
+7.92% |
| 2008-12-31 | CN¥1.25 Billion ≈ $182.71 Million |
-0.57% |
| 2007-12-31 | CN¥1.26 Billion ≈ $183.75 Million |
+2.85% |
| 2006-12-31 | CN¥1.22 Billion ≈ $178.66 Million |
-8.61% |
| 2005-12-31 | CN¥1.34 Billion ≈ $195.50 Million |
-2.01% |
| 2004-12-31 | CN¥1.36 Billion ≈ $199.50 Million |
+5.00% |
| 2003-12-31 | CN¥1.30 Billion ≈ $190.01 Million |
-1.20% |
| 2002-12-31 | CN¥1.31 Billion ≈ $192.33 Million |
+1.43% |
| 2001-12-31 | CN¥1.30 Billion ≈ $189.62 Million |
+36.22% |
| 2000-12-31 | CN¥951.29 Million ≈ $139.20 Million |
+14.30% |
| 1999-12-31 | CN¥832.28 Million ≈ $121.79 Million |
+114.57% |
| 1998-12-31 | CN¥387.89 Million ≈ $56.76 Million |
+78.51% |
| 1997-12-31 | CN¥217.30 Million ≈ $31.80 Million |
-14.96% |
| 1996-12-31 | CN¥255.51 Million ≈ $37.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Qianjiang Motorcycle 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 230900218974.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.31 Billion | 43.01% |
| Other Components | CN¥3.06 Billion | 56.99% |
| Total Equity | CN¥5.37 Billion | 100.00% |
Zhejiang Qianjiang Motorcycle Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Qianjiang Motorcycle Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GSP Automotive Group Wenzhou Co Ltd
SHG:605088
|
$935.34 Million |
|
Lingda Group Co Ltd
SHE:300125
|
$935.37 Million |
|
Haesung DS Co Ltd
KO:195870
|
$935.48 Million |
|
Gr. Sarantis S.A.
AT:SAR
|
$936.39 Million |
|
Middlesex Water Company
NASDAQ:MSEX
|
$935.05 Million |
|
Ability Opto-Electronics Technology Co Ltd
TWO:3362
|
$935.00 Million |
|
Edgewell Personal Care Co
NYSE:EPC
|
$934.53 Million |
|
Metals X Ltd
AU:MLX
|
$934.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Qianjiang Motorcycle Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,792,029,479 to 5,368,277,956, a change of 576,248,477 (12.0%).
- Net income of 977,139,658 contributed positively to equity growth.
- Dividend payments of 481,581,759 reduced retained earnings.
- Other factors increased equity by 80,690,578.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥977.14 Million | +18.2% |
| Dividends Paid | CN¥481.58 Million | -8.97% |
| Other Changes | CN¥80.69 Million | +1.5% |
| Total Change | CN¥- | 12.03% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Qianjiang Motorcycle 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: 1.19x
- 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 39.31x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.31 | CN¥12.14 | x |
| 1997-12-31 | CN¥0.36 | CN¥12.14 | x |
| 1998-12-31 | CN¥0.69 | CN¥12.14 | x |
| 1999-12-31 | CN¥1.62 | CN¥12.14 | x |
| 2000-12-31 | CN¥1.86 | CN¥12.14 | x |
| 2001-12-31 | CN¥2.60 | CN¥12.14 | x |
| 2002-12-31 | CN¥2.66 | CN¥12.14 | x |
| 2003-12-31 | CN¥2.77 | CN¥12.14 | x |
| 2004-12-31 | CN¥2.52 | CN¥12.14 | x |
| 2005-12-31 | CN¥2.48 | CN¥12.14 | x |
| 2006-12-31 | CN¥2.64 | CN¥12.14 | x |
| 2007-12-31 | CN¥2.64 | CN¥12.14 | x |
| 2008-12-31 | CN¥2.76 | CN¥12.14 | x |
| 2009-12-31 | CN¥2.95 | CN¥12.14 | x |
| 2010-12-31 | CN¥3.06 | CN¥12.14 | x |
| 2011-12-31 | CN¥3.20 | CN¥12.14 | x |
| 2012-12-31 | CN¥5.02 | CN¥12.14 | x |
| 2013-12-31 | CN¥4.96 | CN¥12.14 | x |
| 2014-12-31 | CN¥4.56 | CN¥12.14 | x |
| 2015-12-31 | CN¥4.45 | CN¥12.14 | x |
| 2016-12-31 | CN¥5.14 | CN¥12.14 | x |
| 2017-12-31 | CN¥5.36 | CN¥12.14 | x |
| 2018-12-31 | CN¥5.49 | CN¥12.14 | x |
| 2019-12-31 | CN¥5.92 | CN¥12.14 | x |
| 2020-12-31 | CN¥6.08 | CN¥12.14 | x |
| 2021-12-31 | CN¥6.60 | CN¥12.14 | x |
| 2022-12-31 | CN¥7.66 | CN¥12.14 | x |
| 2023-12-31 | CN¥8.42 | CN¥12.14 | x |
| 2024-12-31 | CN¥9.17 | CN¥12.14 | x |
| 2025-12-31 | CN¥10.19 | CN¥12.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Qianjiang Motorcycle 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): 18.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.05%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.85x
- Recent ROE (18.20%) is above the historical average (9.31%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 56.44% | 7.90% | 1.65x | 4.33x | CN¥65.01 Million |
| 1997 | 31.75% | 5.44% | 1.75x | 3.33x | CN¥35.08 Million |
| 1998 | 20.20% | 4.82% | 1.96x | 2.14x | CN¥31.82 Million |
| 1999 | 14.95% | 4.41% | 1.77x | 1.92x | CN¥36.27 Million |
| 2000 | 16.53% | 3.71% | 2.40x | 1.86x | CN¥54.89 Million |
| 2001 | 6.41% | 2.78% | 1.45x | 1.60x | CN¥-42.27 Million |
| 2002 | 5.99% | 2.67% | 1.41x | 1.59x | CN¥-48.29 Million |
| 2003 | 4.31% | 1.76% | 1.64x | 1.49x | CN¥-71.55 Million |
| 2004 | 7.94% | 2.79% | 1.31x | 2.18x | CN¥-23.47 Million |
| 2005 | 4.50% | 1.58% | 1.23x | 2.30x | CN¥-61.84 Million |
| 2006 | 2.65% | 0.90% | 1.24x | 2.36x | CN¥-86.27 Million |
| 2007 | 6.45% | 1.81% | 1.36x | 2.61x | CN¥-42.40 Million |
| 2008 | 3.26% | 1.04% | 1.28x | 2.45x | CN¥-83.88 Million |
| 2009 | 9.48% | 3.50% | 1.30x | 2.08x | CN¥-7.03 Million |
| 2010 | 4.90% | 1.84% | 1.00x | 2.66x | CN¥-72.67 Million |
| 2011 | -1.25% | -0.48% | 0.96x | 2.73x | CN¥-158.50 Million |
| 2012 | 0.40% | 0.25% | 0.93x | 1.73x | CN¥-220.05 Million |
| 2013 | 0.60% | 0.41% | 0.80x | 1.83x | CN¥-210.43 Million |
| 2014 | -9.43% | -8.14% | 0.66x | 1.75x | CN¥-403.02 Million |
| 2015 | -6.51% | -6.09% | 0.62x | 1.71x | CN¥-330.28 Million |
| 2016 | 14.02% | 14.54% | 0.63x | 1.53x | CN¥94.08 Million |
| 2017 | 3.36% | 3.05% | 0.69x | 1.59x | CN¥-163.66 Million |
| 2018 | 2.55% | 2.05% | 0.71x | 1.76x | CN¥-184.90 Million |
| 2019 | 8.45% | 6.02% | 0.80x | 1.75x | CN¥-41.86 Million |
| 2020 | 8.72% | 6.63% | 0.78x | 1.68x | CN¥-35.04 Million |
| 2021 | 7.94% | 5.51% | 0.84x | 1.71x | CN¥-61.82 Million |
| 2022 | 11.89% | 7.36% | 0.84x | 1.93x | CN¥66.00 Million |
| 2023 | 10.46% | 9.10% | 0.60x | 1.91x | CN¥20.52 Million |
| 2024 | 14.12% | 11.22% | 0.59x | 2.15x | CN¥197.54 Million |
| 2025 | 18.20% | 18.05% | 0.55x | 1.85x | CN¥440.31 Million |
Industry Comparison
This section compares Zhejiang Qianjiang Motorcycle Co Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $5,861,312,455
- Average return on equity (ROE) among peers: 2.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Qianjiang Motorcycle Co Ltd (000913) | CN¥5.32 Billion | 56.44% | 0.83x | $935.15 Million |
| Weichai Power Co Ltd Class A (000338) | $11.33 Billion | 17.05% | 1.58x | $28.79 Billion |
| Jiangling Motors Corp Ltd (000550) | $4.15 Billion | 18.89% | 0.44x | $1.32 Billion |
| Haima Automobile Group Co Ltd (000572) | $5.72 Billion | 1.49% | 0.88x | $989.12 Million |
| Chongqing Changan Automobile Co Ltd (000625) | $2.34 Billion | 0.71% | 1.26x | $8.94 Billion |
| Anhui Ankai Automobile Co Ltd (000868) | $894.90 Million | -18.98% | 2.68x | $499.05 Million |
| Kunming Yunnei Power Co Ltd (000903) | $946.70 Million | 6.91% | 1.03x | $557.76 Million |
| Zotye Automobile Co Ltd (000980) | $2.44 Billion | -37.71% | 1.92x | $1.67 Billion |
| Yinyi Real Estate Co Ltd (000981) | $71.56 Million | 32.27% | 2.66x | $4.90 Billion |
| BYD Co Ltd Class A (002594) | $24.86 Billion | 2.23% | 2.07x | $69.55 Billion |
About Zhejiang Qianjiang Motorcycle Co Ltd
Zhejiang Qianjiang Motorcycle Co., Ltd. researches and develops, manufactures, sells, and services motorcycles and accessories in China and internationally. It also provides electric and ATV/UTV models. The company offers its products under the QJmotor and Benelli brand names. Zhejiang Qianjiang Motorcycle Co., Ltd. was founded in 1985 and is based in Taizhou, China.