ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD
Zhejiang Asia-Pacific Mechanical & Electronic Co.,Ltd engages in the development, production, and sale of automotive parts and components in China and internationally. It offers automotive basic brake systems, automotive chassis electronic intelligent control systems, wheel motors, and wire-controlled chassis. The company also provides electronics, intelligent driving, hub motors, brake calipers,… Read more
ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD (002284) - Net Assets
Latest net assets as of September 2025: CN¥3.22 Billion CNY
Based on the latest financial reports, ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD (002284) has net assets worth CN¥3.22 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¥8.00 Billion) and total liabilities (CN¥4.79 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¥3.22 Billion |
| % of Total Assets | 40.19% |
| Annual Growth Rate | 12.97% |
| 5-Year Change | 8.29% |
| 10-Year Change | 11.34% |
| Growth Volatility | 34.54 |
ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD - Net Assets Trend (2006–2024)
This chart illustrates how ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC 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 ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD (2006–2024)
The table below shows the annual net assets of ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.93 Billion | +4.42% |
| 2023-12-31 | CN¥2.80 Billion | +3.32% |
| 2022-12-31 | CN¥2.71 Billion | -0.23% |
| 2021-12-31 | CN¥2.72 Billion | +0.60% |
| 2020-12-31 | CN¥2.70 Billion | +0.44% |
| 2019-12-31 | CN¥2.69 Billion | -4.92% |
| 2018-12-31 | CN¥2.83 Billion | -2.65% |
| 2017-12-31 | CN¥2.91 Billion | +7.28% |
| 2016-12-31 | CN¥2.71 Billion | +3.09% |
| 2015-12-31 | CN¥2.63 Billion | +4.38% |
| 2014-12-31 | CN¥2.52 Billion | +101.13% |
| 2013-12-31 | CN¥1.25 Billion | +9.58% |
| 2012-12-31 | CN¥1.14 Billion | +5.49% |
| 2011-12-31 | CN¥1.08 Billion | +6.73% |
| 2010-12-31 | CN¥1.01 Billion | +11.77% |
| 2009-12-31 | CN¥907.50 Million | +124.30% |
| 2008-12-31 | CN¥404.59 Million | +9.70% |
| 2007-12-31 | CN¥368.81 Million | +13.21% |
| 2006-12-31 | CN¥325.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC 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 322.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥748.94 Million | 25.75% |
| Common Stock | CN¥739.10 Million | 25.41% |
| Other Components | CN¥1.42 Billion | 48.85% |
| Total Equity | CN¥2.91 Billion | 100.00% |
ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD Competitors by Market Cap
The table below lists competitors of ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Altarea
LSE:0IRK
|
$875.95 Million |
|
Sumitomo Pharma Co. Ltd
PINK:SMDPY
|
$876.03 Million |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$876.35 Million |
|
AIMA Technology Group Co Ltd
SHG:603529
|
$876.40 Million |
|
United Parks & Resorts Inc
NYSE:PRKS
|
$874.92 Million |
|
ARS Pharmaceuticals, Inc
NASDAQ:SPRY
|
$874.81 Million |
|
Streamax Technology Co Ltd
SHE:002970
|
$874.67 Million |
|
CVR Energy Inc
NYSE:CVI
|
$874.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,785,976,979 to 2,908,999,840, a change of 123,022,861 (4.4%).
- Net income of 212,931,891 contributed positively to equity growth.
- Dividend payments of 78,474,091 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥212.93 Million | +7.32% |
| Dividends Paid | CN¥78.47 Million | -2.7% |
| Other Changes | CN¥-11.43 Million | -0.39% |
| Total Change | CN¥- | 4.42% |
Book Value vs Market Value Analysis
This analysis compares ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC 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: 3.88x
- 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 22.09x to 3.88x 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¥0.69 | CN¥15.29 | x |
| 2007-12-31 | CN¥0.79 | CN¥15.29 | x |
| 2008-12-31 | CN¥0.87 | CN¥15.29 | x |
| 2009-12-31 | CN¥1.84 | CN¥15.29 | x |
| 2010-12-31 | CN¥1.68 | CN¥15.29 | x |
| 2011-12-31 | CN¥1.83 | CN¥15.29 | x |
| 2012-12-31 | CN¥1.94 | CN¥15.29 | x |
| 2013-12-31 | CN¥2.12 | CN¥15.29 | x |
| 2014-12-31 | CN¥4.24 | CN¥15.29 | x |
| 2015-12-31 | CN¥3.46 | CN¥15.29 | x |
| 2016-12-31 | CN¥3.68 | CN¥15.29 | x |
| 2017-12-31 | CN¥3.76 | CN¥15.29 | x |
| 2018-12-31 | CN¥3.50 | CN¥15.29 | x |
| 2019-12-31 | CN¥3.59 | CN¥15.29 | x |
| 2020-12-31 | CN¥3.61 | CN¥15.29 | x |
| 2021-12-31 | CN¥3.63 | CN¥15.29 | x |
| 2022-12-31 | CN¥3.62 | CN¥15.29 | x |
| 2023-12-31 | CN¥3.78 | CN¥15.29 | x |
| 2024-12-31 | CN¥3.94 | CN¥15.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC 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): 7.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.00%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.41x
- Recent ROE (7.32%) is above the historical average (6.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 16.61% | 7.59% | 0.75x | 2.90x | CN¥19.68 Million |
| 2007 | 20.10% | 7.73% | 0.88x | 2.95x | CN¥34.23 Million |
| 2008 | 13.05% | 5.34% | 0.90x | 2.71x | CN¥11.39 Million |
| 2009 | 10.35% | 6.84% | 0.79x | 1.92x | CN¥3.06 Million |
| 2010 | 12.18% | 6.77% | 0.96x | 1.88x | CN¥21.21 Million |
| 2011 | 7.66% | 4.31% | 0.88x | 2.03x | CN¥-24.40 Million |
| 2012 | 7.72% | 4.04% | 0.94x | 2.05x | CN¥-25.09 Million |
| 2013 | 11.33% | 5.04% | 1.04x | 2.16x | CN¥16.06 Million |
| 2014 | 7.08% | 5.35% | 0.78x | 1.69x | CN¥-72.36 Million |
| 2015 | 5.49% | 4.64% | 0.72x | 1.65x | CN¥-116.45 Million |
| 2016 | 5.43% | 4.22% | 0.70x | 1.85x | CN¥-121.14 Million |
| 2017 | 2.92% | 2.10% | 0.63x | 2.19x | CN¥-201.81 Million |
| 2018 | 0.29% | 0.20% | 0.67x | 2.10x | CN¥-270.67 Million |
| 2019 | -3.71% | -3.09% | 0.54x | 2.23x | CN¥-363.33 Million |
| 2020 | 0.61% | 0.56% | 0.53x | 2.08x | CN¥-250.02 Million |
| 2021 | 1.64% | 1.21% | 0.62x | 2.19x | CN¥-223.89 Million |
| 2022 | 2.54% | 1.81% | 0.58x | 2.44x | CN¥-199.16 Million |
| 2023 | 3.48% | 2.50% | 0.62x | 2.24x | CN¥-181.64 Million |
| 2024 | 7.32% | 5.00% | 0.61x | 2.41x | CN¥-77.97 Million |
Industry Comparison
This section compares ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC 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 ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD (002284) | CN¥3.22 Billion | 16.61% | 1.49x | $875.17 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 |