Zhongtong Bus Holding Co Ltd (000957) - Net Assets

Latest as of March 2026: CN¥3.23 Billion CNY ≈ $472.32 Million USD

Based on the latest financial reports, Zhongtong Bus Holding Co Ltd (000957) has net assets worth CN¥3.23 Billion CNY (≈ $472.32 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¥10.00 Billion ≈ $1.46 Billion USD) and total liabilities (CN¥6.78 Billion ≈ $991.55 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 Zhongtong Bus Holding Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥3.23 Billion
% of Total Assets 32.27%
Annual Growth Rate 12.4%
5-Year Change 22.72%
10-Year Change 21.47%
Growth Volatility 37.42

Zhongtong Bus Holding Co Ltd - Net Assets Trend (1996–2025)

This chart illustrates how Zhongtong Bus Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhongtong Bus Holding Co Ltd (000957) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Zhongtong Bus Holding Co Ltd (1996–2025)

The table below shows the annual net assets of Zhongtong Bus Holding Co Ltd from 1996 to 2025. For live valuation and market cap data, see Zhongtong Bus Holding Co Ltd (000957) market capitalisation.

Year Net Assets Change
2025-12-31 CN¥3.14 Billion
≈ $459.56 Million		 +6.68%
2024-12-31 CN¥2.94 Billion
≈ $430.78 Million		 +7.89%
2023-12-31 CN¥2.73 Billion
≈ $399.29 Million		 +2.48%
2022-12-31 CN¥2.66 Billion
≈ $389.63 Million		 +4.04%
2021-12-31 CN¥2.56 Billion
≈ $374.49 Million		 -7.66%
2020-12-31 CN¥2.77 Billion
≈ $405.56 Million		 +1.20%
2019-12-31 CN¥2.74 Billion
≈ $400.77 Million		 +1.02%
2018-12-31 CN¥2.71 Billion
≈ $396.72 Million		 -2.65%
2017-12-31 CN¥2.78 Billion
≈ $407.51 Million		 +7.71%
2016-12-31 CN¥2.59 Billion
≈ $378.33 Million		 +20.66%
2015-12-31 CN¥2.14 Billion
≈ $313.55 Million		 +99.95%
2014-12-31 CN¥1.07 Billion
≈ $156.82 Million		 +34.27%
2013-12-31 CN¥798.12 Million
≈ $116.79 Million		 +15.75%
2012-12-31 CN¥689.53 Million
≈ $100.90 Million		 +10.07%
2011-12-31 CN¥626.42 Million
≈ $91.67 Million		 +6.50%
2010-12-31 CN¥588.19 Million
≈ $86.07 Million		 +7.44%
2009-12-31 CN¥547.44 Million
≈ $80.11 Million		 +3.76%
2008-12-31 CN¥527.61 Million
≈ $77.21 Million		 +5.40%
2007-12-31 CN¥500.59 Million
≈ $73.25 Million		 +5.45%
2006-12-31 CN¥474.72 Million
≈ $69.47 Million		 +0.26%
2005-12-31 CN¥473.48 Million
≈ $69.29 Million		 +2.58%
2004-12-31 CN¥461.59 Million
≈ $67.54 Million		 -2.39%
2003-12-31 CN¥472.90 Million
≈ $69.20 Million		 +1.92%
2002-12-31 CN¥463.99 Million
≈ $67.90 Million		 +3.85%
2001-12-31 CN¥446.77 Million
≈ $65.38 Million		 +3.43%
2000-12-31 CN¥431.97 Million
≈ $63.21 Million		 +4.49%
1999-12-31 CN¥413.40 Million
≈ $60.49 Million		 +186.91%
1998-12-31 CN¥144.09 Million
≈ $21.08 Million		 +9.56%
1997-12-31 CN¥131.52 Million
≈ $19.24 Million		 +24.35%
1996-12-31 CN¥105.76 Million
≈ $15.48 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 12949.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥1.81 Billion 57.75%
Other Components CN¥1.33 Billion 42.25%
Total Equity CN¥3.14 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
Hnac Technology Co Ltd
SHE:300490
 $870.40 Million
Pearl Global Industries Limited
NSE:PGIL
 $870.81 Million
Guizhou Bailing Group Pharmaceutical Co Ltd
SHE:002424
 $871.22 Million
KSB SE & Co. KGaA
F:KSB3
 $871.43 Million
Ningbo Henghe Mould Co Ltd
SHE:300539
 $870.16 Million
Changzhou Architectural Research Institute Group Co. Ltd. A
SHE:301115
 $870.12 Million
Xinya Electronic Co Ltd
SHG:605277
 $869.97 Million
Mega Lifesciences Public Company Limited
BK:MEGA-R
 $869.61 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 2024 to 2025, total equity changed from 2,943,842,050 to 3,140,526,473, a change of 196,684,423 (6.7%).
  • Net income of 359,650,748 contributed positively to equity growth.
  • Dividend payments of 79,010,234 reduced retained earnings.
  • Other comprehensive income decreased equity by 329,580,154.
  • Other factors increased equity by 245,624,063.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥359.65 Million +11.45%
Dividends Paid CN¥79.01 Million -2.52%
Other Comprehensive Income CN¥-329.58 Million -10.49%
Other Changes CN¥245.62 Million +7.82%
Total Change CN¥- 6.68%

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: 1.89x
  • 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 44.59x to 1.89x 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¥10.03 x
1997-12-31 CN¥0.28 CN¥10.03 x
1998-12-31 CN¥0.31 CN¥10.03 x
1999-12-31 CN¥0.88 CN¥10.03 x
2000-12-31 CN¥0.92 CN¥10.03 x
2001-12-31 CN¥0.95 CN¥10.03 x
2002-12-31 CN¥0.99 CN¥10.03 x
2003-12-31 CN¥1.01 CN¥10.03 x
2004-12-31 CN¥0.97 CN¥10.03 x
2005-12-31 CN¥1.00 CN¥10.03 x
2006-12-31 CN¥0.90 CN¥10.03 x
2007-12-31 CN¥1.03 CN¥10.03 x
2008-12-31 CN¥1.07 CN¥10.03 x
2009-12-31 CN¥1.20 CN¥10.03 x
2010-12-31 CN¥1.26 CN¥10.03 x
2011-12-31 CN¥1.29 CN¥10.03 x
2012-12-31 CN¥1.44 CN¥10.03 x
2013-12-31 CN¥1.68 CN¥10.03 x
2014-12-31 CN¥2.23 CN¥10.03 x
2015-12-31 CN¥4.23 CN¥10.03 x
2016-12-31 CN¥4.37 CN¥10.03 x
2017-12-31 CN¥4.70 CN¥10.03 x
2018-12-31 CN¥4.57 CN¥10.03 x
2019-12-31 CN¥4.62 CN¥10.03 x
2020-12-31 CN¥4.68 CN¥10.03 x
2021-12-31 CN¥4.32 CN¥10.03 x
2022-12-31 CN¥4.49 CN¥10.03 x
2023-12-31 CN¥4.60 CN¥10.03 x
2024-12-31 CN¥4.96 CN¥10.03 x
2025-12-31 CN¥5.30 CN¥10.03 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): 11.45%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.91%
  • • Asset Turnover: 0.74x
  • • Equity Multiplier: 3.14x
  • Recent ROE (11.45%) is above the historical average (7.92%), 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
2025 11.45% 4.91% 0.74x 3.14x CN¥45.60 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: $8,334,266,338
  • Average return on equity (ROE) among peers: 9.76%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhongtong Bus Holding Co Ltd (000957) CN¥3.23 Billion 13.21% 2.10x $870.21 Million
Zoomlion Heavy Industry Science and Technology Co Ltd (000157) $27.47 Billion 16.98% 1.29x $7.87 Billion
XCMG Construction Machinery Co Ltd (000425) $1.19 Billion 2.08% 1.54x $15.46 Billion
Guangxi Liugong Machinery Co Ltd (000528) $17.17 Billion 3.49% 1.46x $2.38 Billion
Shantui Construction Machinery Co Ltd (000680) $4.91 Billion 0.62% 1.71x $2.24 Billion
Faw Car Co Ltd (000800) $730.97 Million 42.45% 1.59x $4.39 Billion
JiangSu JiangHuai Engine Co Ltd (000816) $3.76 Billion 0.73% 0.76x $508.18 Million
HBIS Resources Co Ltd (000923) $415.63 Million 0.55% 0.98x $1.32 Billion
Sinotruk Jinan Truck Co Ltd (000951) $17.58 Billion 9.47% 1.85x $3.78 Billion
Sunward Intelligent Equipment Co Ltd (002097) $1.77 Billion 11.46% 1.71x $1.28 Billion

About Zhongtong Bus Holding Co Ltd

SHE:000957 China Farm & Heavy Construction Machinery
Market Cap
$870.21 Million
CN¥5.95 Billion CNY
Market Cap Rank
#9689 Global
#2558 in China
Share Price
CN¥10.03
Change (1 day)
-0.89%
52-Week Range
CN¥9.83 - CN¥12.71
All Time High
CN¥25.35
Categories
Companies in China Farm & Heavy Construction Machinery
About

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