Shandong Xingmin Wheel Co Ltd
Xingmin Intelligent Transportation Systems (Group) Co., Ltd. engages in the research and development, production, and sales of automotive steel wheels in China. It offers passenger car imitation aluminum, passenger car, new energy vehicle, commercial vehicle tubeless lightweight, light truck tubeless, light truck steel, commercial vehicle steel, agricultural and forestry machinery wheels, and oth… Read more
Shandong Xingmin Wheel Co Ltd (002355) - Net Assets
Latest net assets as of September 2025: CN¥1.18 Billion CNY
Based on the latest financial reports, Shandong Xingmin Wheel Co Ltd (002355) has net assets worth CN¥1.18 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¥2.38 Billion) and total liabilities (CN¥1.20 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¥1.18 Billion |
| % of Total Assets | 49.56% |
| Annual Growth Rate | 10.26% |
| 5-Year Change | -52.13% |
| 10-Year Change | -39.76% |
| Growth Volatility | 48.54 |
Shandong Xingmin Wheel Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shandong Xingmin Wheel 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 Shandong Xingmin Wheel Co Ltd (2006–2024)
The table below shows the annual net assets of Shandong Xingmin Wheel Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.23 Billion | +17.86% |
| 2023-12-31 | CN¥1.04 Billion | -24.51% |
| 2022-12-31 | CN¥1.38 Billion | -27.36% |
| 2021-12-31 | CN¥1.90 Billion | -25.93% |
| 2020-12-31 | CN¥2.56 Billion | -13.56% |
| 2019-12-31 | CN¥2.96 Billion | +1.33% |
| 2018-12-31 | CN¥2.92 Billion | +32.98% |
| 2017-12-31 | CN¥2.20 Billion | +4.04% |
| 2016-12-31 | CN¥2.11 Billion | +3.82% |
| 2015-12-31 | CN¥2.04 Billion | +3.10% |
| 2014-12-31 | CN¥1.97 Billion | +2.19% |
| 2013-12-31 | CN¥1.93 Billion | +3.08% |
| 2012-12-31 | CN¥1.87 Billion | +47.32% |
| 2011-12-31 | CN¥1.27 Billion | +7.96% |
| 2010-12-31 | CN¥1.18 Billion | +199.67% |
| 2009-12-31 | CN¥393.36 Million | +25.62% |
| 2008-12-31 | CN¥313.13 Million | +20.32% |
| 2007-12-31 | CN¥260.25 Million | +23.19% |
| 2006-12-31 | CN¥211.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Xingmin Wheel 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 decreased by 4826.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥620.57 Million | 49.81% |
| Other Comprehensive Income | CN¥65.77 Million | 5.28% |
| Other Components | CN¥1.87 Billion | 149.83% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Shandong Xingmin Wheel Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Xingmin Wheel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Société BIC SA
PINK:BICEY
|
$566.61 Million |
|
Mirgor S.A.
BA:MIRG
|
$566.71 Million |
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$566.77 Million |
|
Ribo Fashion Group Co Ltd
SHG:603196
|
$567.40 Million |
|
Uroica Mining Safety Eng
SHE:300099
|
$565.73 Million |
|
Shanghai Bright Power Semiconductor
SHG:688368
|
$565.71 Million |
|
Sk Kaken Co.Ltd
PINK:SKKAF
|
$565.65 Million |
|
Rai Way S.p.A
F:4RW
|
$565.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Xingmin Wheel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,066,495,000 to 1,245,984,000, a change of 179,489,000 (16.8%).
- Net income of 178,345,000 contributed positively to equity growth.
- Dividend payments of 34,398,000 reduced retained earnings.
- Other comprehensive income increased equity by 63,053,320.
- Other factors decreased equity by 27,511,320.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥178.34 Million | +14.31% |
| Dividends Paid | CN¥34.40 Million | -2.76% |
| Other Comprehensive Income | CN¥63.05 Million | +5.06% |
| Other Changes | CN¥-27.51 Million | -2.21% |
| Total Change | CN¥- | 16.83% |
Book Value vs Market Value Analysis
This analysis compares Shandong Xingmin Wheel 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: 3.69x
- 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 9.16x to 3.69x 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¥0.82 | CN¥7.48 | x |
| 2007-12-31 | CN¥0.74 | CN¥7.48 | x |
| 2008-12-31 | CN¥0.91 | CN¥7.48 | x |
| 2009-12-31 | CN¥1.16 | CN¥7.48 | x |
| 2010-12-31 | CN¥2.84 | CN¥7.48 | x |
| 2011-12-31 | CN¥2.96 | CN¥7.48 | x |
| 2012-12-31 | CN¥3.82 | CN¥7.48 | x |
| 2013-12-31 | CN¥3.83 | CN¥7.48 | x |
| 2014-12-31 | CN¥3.91 | CN¥7.48 | x |
| 2015-12-31 | CN¥3.62 | CN¥7.48 | x |
| 2016-12-31 | CN¥3.98 | CN¥7.48 | x |
| 2017-12-31 | CN¥4.01 | CN¥7.48 | x |
| 2018-12-31 | CN¥4.73 | CN¥7.48 | x |
| 2019-12-31 | CN¥4.70 | CN¥7.48 | x |
| 2020-12-31 | CN¥3.96 | CN¥7.48 | x |
| 2021-12-31 | CN¥3.08 | CN¥7.48 | x |
| 2022-12-31 | CN¥2.24 | CN¥7.48 | x |
| 2023-12-31 | CN¥1.70 | CN¥7.48 | x |
| 2024-12-31 | CN¥2.03 | CN¥7.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Xingmin Wheel 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): 14.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.83%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.01x
- Recent ROE (14.31%) is above the historical average (-0.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 8.57% | 2.89% | 1.04x | 2.85x | CN¥-2.76 Million |
| 2007 | 16.83% | 4.96% | 1.45x | 2.34x | CN¥15.87 Million |
| 2008 | 18.18% | 5.25% | 1.53x | 2.27x | CN¥23.22 Million |
| 2009 | 21.62% | 7.34% | 1.30x | 2.26x | CN¥42.09 Million |
| 2010 | 8.29% | 7.13% | 0.75x | 1.54x | CN¥-19.73 Million |
| 2011 | 9.46% | 7.81% | 0.72x | 1.68x | CN¥-6.78 Million |
| 2012 | 3.40% | 5.56% | 0.41x | 1.48x | CN¥-122.33 Million |
| 2013 | 3.66% | 5.44% | 0.44x | 1.53x | CN¥-121.23 Million |
| 2014 | 2.56% | 3.77% | 0.45x | 1.51x | CN¥-145.44 Million |
| 2015 | 1.38% | 2.47% | 0.34x | 1.64x | CN¥-170.38 Million |
| 2016 | 2.51% | 3.92% | 0.33x | 1.96x | CN¥-151.61 Million |
| 2017 | 2.99% | 3.33% | 0.44x | 2.06x | CN¥-145.78 Million |
| 2018 | -9.30% | -13.77% | 0.39x | 1.75x | CN¥-539.88 Million |
| 2019 | 0.43% | 0.65% | 0.38x | 1.72x | CN¥-269.64 Million |
| 2020 | -14.43% | -24.21% | 0.34x | 1.75x | CN¥-600.61 Million |
| 2021 | -29.16% | -39.27% | 0.43x | 1.72x | CN¥-748.01 Million |
| 2022 | -37.84% | -64.18% | 0.32x | 1.86x | CN¥-665.54 Million |
| 2023 | -31.11% | -41.02% | 0.36x | 2.11x | CN¥-438.45 Million |
| 2024 | 14.31% | 22.83% | 0.31x | 2.01x | CN¥53.75 Million |
Industry Comparison
This section compares Shandong Xingmin Wheel 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 |
|---|---|---|---|---|
| Shandong Xingmin Wheel Co Ltd (002355) | CN¥1.18 Billion | 8.57% | 1.02x | $565.78 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 |