Zhejiang Yinlun Machinery Co Ltd
Zhejiang Yinlun Machinery Co.,Ltd., together with its subsidiaries, engages in the research, development, manufacturing, and sale of various thermal management and exhaust gas post-treatment products in China and internationally. The company offers thermal and non-thermal oil filter module, oil cooler, cooling module, heat sink, intercooler, and EGR cooler, as well as new energy pure water coolin… Read more
Zhejiang Yinlun Machinery Co Ltd (002126) - Net Assets
Latest net assets as of September 2025: CN¥7.72 Billion CNY
Based on the latest financial reports, Zhejiang Yinlun Machinery Co Ltd (002126) has net assets worth CN¥7.72 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¥20.63 Billion) and total liabilities (CN¥12.91 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¥7.72 Billion |
| % of Total Assets | 37.43% |
| Annual Growth Rate | 20.52% |
| 5-Year Change | 62.13% |
| 10-Year Change | 219.93% |
| Growth Volatility | 34.0 |
Zhejiang Yinlun Machinery Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Zhejiang Yinlun Machinery 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 Zhejiang Yinlun Machinery Co Ltd (2004–2024)
The table below shows the annual net assets of Zhejiang Yinlun Machinery Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.07 Billion | +16.11% |
| 2023-12-31 | CN¥6.09 Billion | +16.39% |
| 2022-12-31 | CN¥5.23 Billion | +7.36% |
| 2021-12-31 | CN¥4.87 Billion | +11.75% |
| 2020-12-31 | CN¥4.36 Billion | +6.80% |
| 2019-12-31 | CN¥4.08 Billion | -0.32% |
| 2018-12-31 | CN¥4.10 Billion | +11.07% |
| 2017-12-31 | CN¥3.69 Billion | +44.10% |
| 2016-12-31 | CN¥2.56 Billion | +15.80% |
| 2015-12-31 | CN¥2.21 Billion | +35.24% |
| 2014-12-31 | CN¥1.63 Billion | +11.61% |
| 2013-12-31 | CN¥1.46 Billion | +8.75% |
| 2012-12-31 | CN¥1.35 Billion | +6.31% |
| 2011-12-31 | CN¥1.27 Billion | +85.32% |
| 2010-12-31 | CN¥683.50 Million | +26.50% |
| 2009-12-31 | CN¥540.31 Million | +9.75% |
| 2008-12-31 | CN¥492.30 Million | +5.46% |
| 2007-12-31 | CN¥466.83 Million | +147.45% |
| 2006-12-31 | CN¥188.66 Million | +5.93% |
| 2005-12-31 | CN¥178.09 Million | +5.36% |
| 2004-12-31 | CN¥169.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Yinlun Machinery 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 5698.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.63 Billion | 58.43% |
| Common Stock | CN¥834.60 Million | 13.43% |
| Other Comprehensive Income | CN¥557.01 Million | 8.97% |
| Other Components | CN¥1.19 Billion | 19.17% |
| Total Equity | CN¥6.21 Billion | 100.00% |
Zhejiang Yinlun Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Yinlun Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jyske Bank A/S
PINK:JYSKF
|
$4.09 Billion |
|
Renk Group AG
XETRA:R3NK
|
$4.09 Billion |
|
Topicus.com Inc
PINK:TOITF
|
$4.09 Billion |
|
Itron Inc
NASDAQ:ITRI
|
$4.09 Billion |
|
The Macerich Company
F:M6G
|
$4.09 Billion |
|
Thor Industries Inc
NYSE:THO
|
$4.09 Billion |
|
SCOR SE
PINK:SZCRF
|
$4.09 Billion |
|
Algonquin Power & Utilities Corp
NYSE:AQN
|
$4.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Yinlun Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,459,282,614 to 6,212,903,628, a change of 753,621,014 (13.8%).
- Net income of 783,525,114 contributed positively to equity growth.
- Dividend payments of 81,895,378 reduced retained earnings.
- Share repurchases of 85,854,315 reduced equity.
- Other comprehensive income decreased equity by 33,617,584.
- Other factors increased equity by 171,463,177.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥783.53 Million | +12.61% |
| Dividends Paid | CN¥81.90 Million | -1.32% |
| Share Repurchases | CN¥85.85 Million | -1.38% |
| Other Comprehensive Income | CN¥-33.62 Million | -0.54% |
| Other Changes | CN¥171.46 Million | +2.76% |
| Total Change | CN¥- | 13.80% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Yinlun Machinery 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: 6.32x
- 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 100.97x to 6.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.46 | CN¥46.14 | x |
| 2005-12-31 | CN¥0.47 | CN¥46.14 | x |
| 2006-12-31 | CN¥0.49 | CN¥46.14 | x |
| 2007-12-31 | CN¥0.96 | CN¥46.14 | x |
| 2008-12-31 | CN¥0.92 | CN¥46.14 | x |
| 2009-12-31 | CN¥0.99 | CN¥46.14 | x |
| 2010-12-31 | CN¥1.60 | CN¥46.14 | x |
| 2011-12-31 | CN¥2.27 | CN¥46.14 | x |
| 2012-12-31 | CN¥1.92 | CN¥46.14 | x |
| 2013-12-31 | CN¥2.08 | CN¥46.14 | x |
| 2014-12-31 | CN¥2.26 | CN¥46.14 | x |
| 2015-12-31 | CN¥2.85 | CN¥46.14 | x |
| 2016-12-31 | CN¥3.20 | CN¥46.14 | x |
| 2017-12-31 | CN¥4.44 | CN¥46.14 | x |
| 2018-12-31 | CN¥4.54 | CN¥46.14 | x |
| 2019-12-31 | CN¥4.70 | CN¥46.14 | x |
| 2020-12-31 | CN¥5.02 | CN¥46.14 | x |
| 2021-12-31 | CN¥5.59 | CN¥46.14 | x |
| 2022-12-31 | CN¥5.91 | CN¥46.14 | x |
| 2023-12-31 | CN¥6.51 | CN¥46.14 | x |
| 2024-12-31 | CN¥7.30 | CN¥46.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Yinlun Machinery 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): 12.61%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.17%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.96x
- Recent ROE (12.61%) is above the historical average (11.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 23.64% | 9.89% | 0.88x | 2.72x | CN¥22.65 Million |
| 2005 | 21.49% | 7.52% | 0.81x | 3.52x | CN¥19.50 Million |
| 2006 | 17.75% | 5.09% | 0.87x | 4.02x | CN¥13.69 Million |
| 2007 | 7.60% | 4.14% | 0.88x | 2.09x | CN¥-10.81 Million |
| 2008 | 9.19% | 4.43% | 0.90x | 2.31x | CN¥-3.85 Million |
| 2009 | 10.47% | 6.03% | 0.77x | 2.25x | CN¥2.45 Million |
| 2010 | 20.45% | 8.86% | 0.89x | 2.59x | CN¥66.73 Million |
| 2011 | 8.81% | 5.77% | 0.78x | 1.97x | CN¥-14.14 Million |
| 2012 | 3.39% | 2.46% | 0.68x | 2.03x | CN¥-80.75 Million |
| 2013 | 7.20% | 5.04% | 0.61x | 2.35x | CN¥-37.47 Million |
| 2014 | 10.18% | 6.29% | 0.69x | 2.36x | CN¥2.76 Million |
| 2015 | 9.83% | 7.36% | 0.69x | 1.92x | CN¥-3.55 Million |
| 2016 | 11.26% | 8.23% | 0.65x | 2.10x | CN¥28.80 Million |
| 2017 | 9.24% | 7.19% | 0.65x | 1.98x | CN¥-25.72 Million |
| 2018 | 9.68% | 6.96% | 0.64x | 2.18x | CN¥-11.44 Million |
| 2019 | 8.52% | 5.75% | 0.66x | 2.26x | CN¥-55.29 Million |
| 2020 | 8.17% | 5.08% | 0.64x | 2.50x | CN¥-72.20 Million |
| 2021 | 5.01% | 2.82% | 0.65x | 2.72x | CN¥-219.64 Million |
| 2022 | 8.19% | 4.52% | 0.63x | 2.89x | CN¥-84.69 Million |
| 2023 | 11.21% | 5.56% | 0.68x | 2.96x | CN¥66.21 Million |
| 2024 | 12.61% | 6.17% | 0.69x | 2.96x | CN¥162.23 Million |
Industry Comparison
This section compares Zhejiang Yinlun Machinery Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Yinlun Machinery Co Ltd (002126) | CN¥7.72 Billion | 23.64% | 1.67x | $4.09 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |