Tianrun Crankshaft Co Ltd
Tianrun Industry Technology Co., Ltd. manufactures and sells internal combustion engine crankshafts in China and internationally. It offers passenger car, marine engine, and light, medium, and heavy crankshaft; and saw off, and expanding and breaking connecting rod. The company also provides construction machinery; wind power products, such as transmission housing, planetary gear carrier, dena mo… Read more
Tianrun Crankshaft Co Ltd (002283) - Net Assets
Latest net assets as of September 2025: CN¥6.05 Billion CNY
Based on the latest financial reports, Tianrun Crankshaft Co Ltd (002283) has net assets worth CN¥6.05 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¥8.26 Billion) and total liabilities (CN¥2.21 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¥6.05 Billion |
| % of Total Assets | 73.25% |
| Annual Growth Rate | 16.61% |
| 5-Year Change | 20.31% |
| 10-Year Change | 77.44% |
| Growth Volatility | 36.48 |
Tianrun Crankshaft Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Tianrun Crankshaft 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 Tianrun Crankshaft Co Ltd (2006–2024)
The table below shows the annual net assets of Tianrun Crankshaft Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.07 Billion | +0.45% |
| 2023-12-31 | CN¥6.04 Billion | +7.03% |
| 2022-12-31 | CN¥5.65 Billion | +1.67% |
| 2021-12-31 | CN¥5.56 Billion | +10.08% |
| 2020-12-31 | CN¥5.05 Billion | +10.41% |
| 2019-12-31 | CN¥4.57 Billion | +8.18% |
| 2018-12-31 | CN¥4.23 Billion | +6.26% |
| 2017-12-31 | CN¥3.98 Billion | +9.68% |
| 2016-12-31 | CN¥3.63 Billion | +5.95% |
| 2015-12-31 | CN¥3.42 Billion | +5.26% |
| 2014-12-31 | CN¥3.25 Billion | +4.03% |
| 2013-12-31 | CN¥3.12 Billion | +3.04% |
| 2012-12-31 | CN¥3.03 Billion | +1.56% |
| 2011-12-31 | CN¥2.99 Billion | +70.08% |
| 2010-12-31 | CN¥1.76 Billion | +14.40% |
| 2009-12-31 | CN¥1.53 Billion | +156.20% |
| 2008-12-31 | CN¥598.99 Million | +24.08% |
| 2007-12-31 | CN¥482.73 Million | +26.32% |
| 2006-12-31 | CN¥382.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tianrun Crankshaft 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 1692.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.18 Billion | 52.62% |
| Common Stock | CN¥1.14 Billion | 18.84% |
| Other Comprehensive Income | CN¥463.14 Million | 7.66% |
| Other Components | CN¥1.26 Billion | 20.88% |
| Total Equity | CN¥6.05 Billion | 100.00% |
Tianrun Crankshaft Co Ltd Competitors by Market Cap
The table below lists competitors of Tianrun Crankshaft Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cofco Biochemical Anhui Co Ltd
SHE:000930
|
$815.97 Million |
|
Beijing Jingwei Hirain Technologies Co. Ltd. A
SHG:688326
|
$816.00 Million |
|
MBX Biosciences, Inc. Common Stock
NASDAQ:MBX
|
$816.19 Million |
|
Asahi India Glass Limited
NSE:ASAHIINDIA
|
$816.27 Million |
|
Dynagreen Environmental Protection Group Co Ltd
SHG:601330
|
$815.67 Million |
|
Cogna Educação S.A
SA:COGN3
|
$815.17 Million |
|
Mora Telematika Indonesia
JK:MORA
|
$814.96 Million |
|
Grupo KUO S.A.B. de C.V
OTCGREY:GKSDF
|
$814.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tianrun Crankshaft Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,023,728,762 to 6,046,657,151, a change of 22,928,389 (0.4%).
- Net income of 332,502,023 contributed positively to equity growth.
- Dividend payments of 261,189,780 reduced retained earnings.
- Share repurchases of 52,724,298 reduced equity.
- Other comprehensive income increased equity by 463,141,236.
- Other factors decreased equity by 458,800,792.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥332.50 Million | +5.5% |
| Dividends Paid | CN¥261.19 Million | -4.32% |
| Share Repurchases | CN¥52.72 Million | -0.87% |
| Other Comprehensive Income | CN¥463.14 Million | +7.66% |
| Other Changes | CN¥-458.80 Million | -7.59% |
| Total Change | CN¥- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Tianrun Crankshaft 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: 1.73x
- 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 16.76x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.54 | CN¥9.10 | x |
| 2007-12-31 | CN¥0.68 | CN¥9.10 | x |
| 2008-12-31 | CN¥0.80 | CN¥9.10 | x |
| 2009-12-31 | CN¥1.89 | CN¥9.10 | x |
| 2010-12-31 | CN¥1.77 | CN¥9.10 | x |
| 2011-12-31 | CN¥2.89 | CN¥9.10 | x |
| 2012-12-31 | CN¥2.58 | CN¥9.10 | x |
| 2013-12-31 | CN¥2.73 | CN¥9.10 | x |
| 2014-12-31 | CN¥2.87 | CN¥9.10 | x |
| 2015-12-31 | CN¥2.90 | CN¥9.10 | x |
| 2016-12-31 | CN¥3.11 | CN¥9.10 | x |
| 2017-12-31 | CN¥3.49 | CN¥9.10 | x |
| 2018-12-31 | CN¥3.70 | CN¥9.10 | x |
| 2019-12-31 | CN¥4.05 | CN¥9.10 | x |
| 2020-12-31 | CN¥4.49 | CN¥9.10 | x |
| 2021-12-31 | CN¥4.96 | CN¥9.10 | x |
| 2022-12-31 | CN¥5.03 | CN¥9.10 | x |
| 2023-12-31 | CN¥5.34 | CN¥9.10 | x |
| 2024-12-31 | CN¥5.27 | CN¥9.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tianrun Crankshaft 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): 5.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.19%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.35x
- Recent ROE (5.50%) is below the historical average (8.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.29% | 6.50% | 0.63x | 2.04x | CN¥-6.53 Million |
| 2007 | 19.57% | 12.41% | 0.59x | 2.66x | CN¥45.48 Million |
| 2008 | 17.48% | 12.35% | 0.59x | 2.41x | CN¥43.35 Million |
| 2009 | 7.52% | 14.59% | 0.39x | 1.31x | CN¥-37.25 Million |
| 2010 | 12.98% | 15.91% | 0.59x | 1.39x | CN¥50.91 Million |
| 2011 | 6.92% | 13.91% | 0.36x | 1.39x | CN¥-90.21 Million |
| 2012 | 2.13% | 5.94% | 0.24x | 1.49x | CN¥-234.12 Million |
| 2013 | 3.29% | 6.44% | 0.34x | 1.52x | CN¥-205.80 Million |
| 2014 | 4.18% | 8.23% | 0.33x | 1.55x | CN¥-185.65 Million |
| 2015 | 4.48% | 8.89% | 0.35x | 1.43x | CN¥-185.51 Million |
| 2016 | 5.47% | 10.67% | 0.36x | 1.44x | CN¥-161.20 Million |
| 2017 | 8.59% | 11.09% | 0.48x | 1.60x | CN¥-54.81 Million |
| 2018 | 8.10% | 10.05% | 0.53x | 1.51x | CN¥-80.21 Million |
| 2019 | 7.74% | 9.82% | 0.53x | 1.49x | CN¥-103.28 Million |
| 2020 | 10.11% | 11.47% | 0.54x | 1.62x | CN¥5.71 Million |
| 2021 | 9.79% | 11.47% | 0.53x | 1.60x | CN¥-11.87 Million |
| 2022 | 3.62% | 6.49% | 0.39x | 1.42x | CN¥-358.97 Million |
| 2023 | 6.49% | 9.75% | 0.48x | 1.39x | CN¥-211.56 Million |
| 2024 | 5.50% | 9.19% | 0.44x | 1.35x | CN¥-272.16 Million |
Industry Comparison
This section compares Tianrun Crankshaft 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 |
|---|---|---|---|---|
| Tianrun Crankshaft Co Ltd (002283) | CN¥6.05 Billion | 8.29% | 0.37x | $815.73 Million |
| 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 |