Zhongtong Bus Holding Co Ltd
Zhongtong Bus Holding Co.,LTD engages in the manufacture and sale of buses in China. The company offers coaches, city buses, group buses, school buses, van, electric vehicles, and group buses, as well as negative pressure ambulances. Zhongtong Bus Holding Co.,LTD offers its products under Navigator, Sparkling, Cruise, Compass, Magnate, Spring, Elegance, Fashion, BRT, Luxury Business, and TOP bran… Read more
Zhongtong Bus Holding Co Ltd (000957) - Net Assets
Latest net assets as of September 2025: CN¥3.12 Billion CNY
Based on the latest financial reports, Zhongtong Bus Holding Co Ltd (000957) has net assets worth CN¥3.12 Billion 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¥9.46 Billion) and total liabilities (CN¥6.34 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¥3.12 Billion |
| % of Total Assets | 32.96% |
| Annual Growth Rate | 12.61% |
| 5-Year Change | 6.22% |
| 10-Year Change | 37.39% |
| Growth Volatility | 38.04 |
Zhongtong Bus Holding Co Ltd - Net Assets Trend (1996–2024)
This chart illustrates how Zhongtong Bus Holding 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 Zhongtong Bus Holding Co Ltd (1996–2024)
The table below shows the annual net assets of Zhongtong Bus Holding Co Ltd from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.94 Billion | +7.89% |
| 2023-12-31 | CN¥2.73 Billion | +2.48% |
| 2022-12-31 | CN¥2.66 Billion | +4.04% |
| 2021-12-31 | CN¥2.56 Billion | -7.66% |
| 2020-12-31 | CN¥2.77 Billion | +1.20% |
| 2019-12-31 | CN¥2.74 Billion | +1.02% |
| 2018-12-31 | CN¥2.71 Billion | -2.65% |
| 2017-12-31 | CN¥2.78 Billion | +7.71% |
| 2016-12-31 | CN¥2.59 Billion | +20.66% |
| 2015-12-31 | CN¥2.14 Billion | +99.95% |
| 2014-12-31 | CN¥1.07 Billion | +34.27% |
| 2013-12-31 | CN¥798.12 Million | +15.75% |
| 2012-12-31 | CN¥689.53 Million | +10.07% |
| 2011-12-31 | CN¥626.42 Million | +6.50% |
| 2010-12-31 | CN¥588.19 Million | +7.44% |
| 2009-12-31 | CN¥547.44 Million | +3.76% |
| 2008-12-31 | CN¥527.61 Million | +5.40% |
| 2007-12-31 | CN¥500.59 Million | +5.45% |
| 2006-12-31 | CN¥474.72 Million | +0.26% |
| 2005-12-31 | CN¥473.48 Million | +2.58% |
| 2004-12-31 | CN¥461.59 Million | -2.39% |
| 2003-12-31 | CN¥472.90 Million | +1.92% |
| 2002-12-31 | CN¥463.99 Million | +3.85% |
| 2001-12-31 | CN¥446.77 Million | +3.43% |
| 2000-12-31 | CN¥431.97 Million | +4.49% |
| 1999-12-31 | CN¥413.40 Million | +186.91% |
| 1998-12-31 | CN¥144.09 Million | +9.56% |
| 1997-12-31 | CN¥131.52 Million | +24.35% |
| 1996-12-31 | CN¥105.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhongtong Bus Holding 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 11017.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.55 Billion | 52.49% |
| Common Stock | CN¥592.90 Million | 20.14% |
| Other Comprehensive Income | CN¥329.58 Million | 11.20% |
| Other Components | CN¥476.14 Million | 16.17% |
| Total Equity | CN¥2.94 Billion | 100.00% |
Zhongtong Bus Holding Co Ltd Competitors by Market Cap
The table below lists competitors of Zhongtong Bus Holding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SandRidge Energy Inc
NYSE:SD
|
$595.14 Million |
|
Vanchip (Tianjin) Technology Co. Ltd. A
SHG:688153
|
$595.20 Million |
|
Yokogawa Bridge Holdings Corp.
PINK:YGWAF
|
$595.62 Million |
|
Vital Farms Inc
NASDAQ:VITL
|
$595.72 Million |
|
Hainan Expressway Co Ltd
SHE:000886
|
$595.13 Million |
|
Solid Power Inc
NASDAQ:SLDP
|
$594.03 Million |
|
Kuros Biosciences AG
PINK:CSBTF
|
$594.01 Million |
|
Orrstown Financial Services Inc
NASDAQ:ORRF
|
$593.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongtong Bus Holding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,728,662,795 to 2,943,842,050, a change of 215,179,255 (7.9%).
- Net income of 249,446,610 contributed positively to equity growth.
- Dividend payments of 28,835,395 reduced retained earnings.
- Other comprehensive income increased equity by 26,423,757.
- Other factors decreased equity by 31,855,717.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥249.45 Million | +8.47% |
| Dividends Paid | CN¥28.84 Million | -0.98% |
| Other Comprehensive Income | CN¥26.42 Million | +0.9% |
| Other Changes | CN¥-31.86 Million | -1.08% |
| Total Change | CN¥- | 7.89% |
Book Value vs Market Value Analysis
This analysis compares Zhongtong Bus Holding 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: 2.27x
- 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 50.10x to 2.27x 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¥0.22 | CN¥11.27 | x |
| 1997-12-31 | CN¥0.28 | CN¥11.27 | x |
| 1998-12-31 | CN¥0.31 | CN¥11.27 | x |
| 1999-12-31 | CN¥0.88 | CN¥11.27 | x |
| 2000-12-31 | CN¥0.92 | CN¥11.27 | x |
| 2001-12-31 | CN¥0.95 | CN¥11.27 | x |
| 2002-12-31 | CN¥0.99 | CN¥11.27 | x |
| 2003-12-31 | CN¥1.01 | CN¥11.27 | x |
| 2004-12-31 | CN¥0.97 | CN¥11.27 | x |
| 2005-12-31 | CN¥1.00 | CN¥11.27 | x |
| 2006-12-31 | CN¥0.90 | CN¥11.27 | x |
| 2007-12-31 | CN¥1.03 | CN¥11.27 | x |
| 2008-12-31 | CN¥1.07 | CN¥11.27 | x |
| 2009-12-31 | CN¥1.20 | CN¥11.27 | x |
| 2010-12-31 | CN¥1.26 | CN¥11.27 | x |
| 2011-12-31 | CN¥1.29 | CN¥11.27 | x |
| 2012-12-31 | CN¥1.43 | CN¥11.27 | x |
| 2013-12-31 | CN¥1.68 | CN¥11.27 | x |
| 2014-12-31 | CN¥2.23 | CN¥11.27 | x |
| 2015-12-31 | CN¥4.23 | CN¥11.27 | x |
| 2016-12-31 | CN¥4.37 | CN¥11.27 | x |
| 2017-12-31 | CN¥4.70 | CN¥11.27 | x |
| 2018-12-31 | CN¥4.57 | CN¥11.27 | x |
| 2019-12-31 | CN¥4.62 | CN¥11.27 | x |
| 2020-12-31 | CN¥4.67 | CN¥11.27 | x |
| 2021-12-31 | CN¥4.32 | CN¥11.27 | x |
| 2022-12-31 | CN¥4.49 | CN¥11.27 | x |
| 2023-12-31 | CN¥4.60 | CN¥11.27 | x |
| 2024-12-31 | CN¥4.96 | CN¥11.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongtong Bus Holding 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): 8.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.35%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.77x
- Recent ROE (8.47%) is above the historical average (7.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 13.21% | 8.59% | 0.68x | 2.26x | CN¥3.40 Million |
| 1997 | 19.58% | 11.56% | 0.71x | 2.39x | CN¥12.60 Million |
| 1998 | 20.87% | 11.54% | 0.69x | 2.63x | CN¥15.66 Million |
| 1999 | 8.98% | 12.59% | 0.43x | 1.64x | CN¥-4.23 Million |
| 2000 | 10.81% | 17.88% | 0.40x | 1.53x | CN¥3.52 Million |
| 2001 | 7.50% | 10.29% | 0.46x | 1.59x | CN¥-11.17 Million |
| 2002 | 3.63% | 3.95% | 0.49x | 1.89x | CN¥-29.57 Million |
| 2003 | 1.79% | 1.65% | 0.48x | 2.27x | CN¥-38.84 Million |
| 2004 | 1.85% | 1.21% | 0.54x | 2.83x | CN¥-37.28 Million |
| 2005 | 2.05% | 1.12% | 0.70x | 2.61x | CN¥-37.31 Million |
| 2006 | 1.14% | 0.53% | 0.81x | 2.65x | CN¥-41.75 Million |
| 2007 | 5.31% | 1.88% | 1.03x | 2.74x | CN¥-23.32 Million |
| 2008 | 5.14% | 1.58% | 1.16x | 2.82x | CN¥-25.48 Million |
| 2009 | 3.77% | 1.41% | 1.06x | 2.52x | CN¥-34.00 Million |
| 2010 | 6.76% | 1.97% | 1.23x | 2.80x | CN¥-18.94 Million |
| 2011 | 8.12% | 1.95% | 1.15x | 3.64x | CN¥-11.72 Million |
| 2012 | 8.41% | 2.02% | 1.06x | 3.94x | CN¥-10.91 Million |
| 2013 | 13.10% | 3.25% | 0.99x | 4.08x | CN¥24.75 Million |
| 2014 | 26.29% | 7.74% | 0.85x | 3.97x | CN¥173.24 Million |
| 2015 | 18.69% | 5.61% | 1.01x | 3.30x | CN¥185.59 Million |
| 2016 | 22.66% | 6.33% | 1.15x | 3.13x | CN¥327.30 Million |
| 2017 | 6.87% | 2.44% | 0.63x | 4.46x | CN¥-87.27 Million |
| 2018 | 1.35% | 0.60% | 0.50x | 4.52x | CN¥-234.54 Million |
| 2019 | 1.21% | 0.49% | 0.56x | 4.41x | CN¥-240.80 Million |
| 2020 | 0.85% | 0.53% | 0.42x | 3.78x | CN¥-253.63 Million |
| 2021 | -8.58% | -4.79% | 0.46x | 3.86x | CN¥-475.45 Million |
| 2022 | 3.69% | 1.86% | 0.56x | 3.52x | CN¥-167.94 Million |
| 2023 | 2.55% | 1.64% | 0.50x | 3.12x | CN¥-203.21 Million |
| 2024 | 8.47% | 4.35% | 0.70x | 2.77x | CN¥-44.94 Million |
Industry Comparison
This section compares Zhongtong Bus Holding Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $2,470,787,849
- Average return on equity (ROE) among peers: 2.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhongtong Bus Holding Co Ltd (000957) | CN¥3.12 Billion | 13.21% | 2.03x | $595.14 Million |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $814.19 Million | 6.46% | 0.17x | $6.31 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $0.00 | 0.00% | 0.00x | $11.49 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $9.12 Billion | 3.81% | 1.38x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $3.49 Billion | -25.07% | 1.69x | $1.24 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $536.76 Million |
| HBIS Resources Co Ltd (000923) | $130.44 Million | 12.08% | 1.67x | $1.00 Billion |
| Sinotruk Jinan Truck Co Ltd (000951) | $4.00 Billion | 16.83% | 3.93x | $1.66 Billion |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $740.93 Million | 2.73% | 0.67x | $127.00 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $1.41 Billion | 6.86% | 0.45x | $205.65 Million |