Xuchang Yuandong Drive Shaft Co Ltd
Xuchang Yuandong Drive Shaft Co.Ltd, together with its subsidiaries, engages in the research, development, production, and sale of transmission drive shafts and related components in China and internationally. The company offers non-constant speed transmission shafts comprising four series of heavy-duty, medium-duty, light-duty, and engineering machinery, which are used in commercial vehicles, en… Read more
Xuchang Yuandong Drive Shaft Co Ltd (002406) - Net Assets
Latest net assets as of September 2025: CN¥4.05 Billion CNY
Based on the latest financial reports, Xuchang Yuandong Drive Shaft Co Ltd (002406) has net assets worth CN¥4.05 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¥4.88 Billion) and total liabilities (CN¥836.18 Million). 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¥4.05 Billion |
| % of Total Assets | 82.88% |
| Annual Growth Rate | 22.65% |
| 5-Year Change | 21.02% |
| 10-Year Change | 85.89% |
| Growth Volatility | 71.31 |
Xuchang Yuandong Drive Shaft Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Xuchang Yuandong Drive Shaft 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 Xuchang Yuandong Drive Shaft Co Ltd (2006–2024)
The table below shows the annual net assets of Xuchang Yuandong Drive Shaft Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.06 Billion | +1.12% |
| 2023-12-31 | CN¥4.01 Billion | +15.02% |
| 2022-12-31 | CN¥3.49 Billion | +1.64% |
| 2021-12-31 | CN¥3.43 Billion | +2.37% |
| 2020-12-31 | CN¥3.35 Billion | +15.89% |
| 2019-12-31 | CN¥2.89 Billion | +18.63% |
| 2018-12-31 | CN¥2.44 Billion | +3.92% |
| 2017-12-31 | CN¥2.35 Billion | +4.59% |
| 2016-12-31 | CN¥2.24 Billion | +2.79% |
| 2015-12-31 | CN¥2.18 Billion | +1.70% |
| 2014-12-31 | CN¥2.15 Billion | +2.15% |
| 2013-12-31 | CN¥2.10 Billion | +3.42% |
| 2012-12-31 | CN¥2.03 Billion | +3.25% |
| 2011-12-31 | CN¥1.97 Billion | +7.72% |
| 2010-12-31 | CN¥1.83 Billion | +300.42% |
| 2009-12-31 | CN¥456.39 Million | +38.17% |
| 2008-12-31 | CN¥330.31 Million | +39.89% |
| 2007-12-31 | CN¥236.12 Million | +129.40% |
| 2006-12-31 | CN¥102.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xuchang Yuandong Drive Shaft 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 4117.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.34 Billion | 33.31% |
| Common Stock | CN¥730.23 Million | 18.14% |
| Other Components | CN¥1.95 Billion | 48.56% |
| Total Equity | CN¥4.03 Billion | 100.00% |
Xuchang Yuandong Drive Shaft Co Ltd Competitors by Market Cap
The table below lists competitors of Xuchang Yuandong Drive Shaft Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SMHGF
PINK:SMHGF
|
$533.97 Million |
|
Hefei Chipmore Technology Co. Ltd. A
SHG:688352
|
$534.02 Million |
|
Shinkong Synthetic Fiber Corp
TW:1409
|
$534.22 Million |
|
COHTF
PINK:COHTF
|
$534.23 Million |
|
Aucma Co Ltd
SHG:600336
|
$533.69 Million |
|
Carlsberg Brewery Malaysia Bhd
KLSE:2836
|
$533.68 Million |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
$533.55 Million |
|
Semrush Holdings Inc
NYSE:SEMR
|
$533.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xuchang Yuandong Drive Shaft Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,980,885,000 to 4,026,203,000, a change of 45,318,000 (1.1%).
- Net income of 118,341,000 contributed positively to equity growth.
- Dividend payments of 73,009,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥118.34 Million | +2.94% |
| Dividends Paid | CN¥73.01 Million | -1.81% |
| Other Changes | CN¥-14.00K | -0.0% |
| Total Change | CN¥- | 1.14% |
Book Value vs Market Value Analysis
This analysis compares Xuchang Yuandong Drive Shaft 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: 1.42x
- 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 30.50x to 1.42x 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¥0.26 | CN¥7.82 | x |
| 2007-12-31 | CN¥0.61 | CN¥7.82 | x |
| 2008-12-31 | CN¥0.79 | CN¥7.82 | x |
| 2009-12-31 | CN¥1.08 | CN¥7.82 | x |
| 2010-12-31 | CN¥3.65 | CN¥7.82 | x |
| 2011-12-31 | CN¥3.49 | CN¥7.82 | x |
| 2012-12-31 | CN¥3.64 | CN¥7.82 | x |
| 2013-12-31 | CN¥3.77 | CN¥7.82 | x |
| 2014-12-31 | CN¥3.83 | CN¥7.82 | x |
| 2015-12-31 | CN¥3.89 | CN¥7.82 | x |
| 2016-12-31 | CN¥4.03 | CN¥7.82 | x |
| 2017-12-31 | CN¥4.14 | CN¥7.82 | x |
| 2018-12-31 | CN¥4.31 | CN¥7.82 | x |
| 2019-12-31 | CN¥5.16 | CN¥7.82 | x |
| 2020-12-31 | CN¥5.48 | CN¥7.82 | x |
| 2021-12-31 | CN¥4.82 | CN¥7.82 | x |
| 2022-12-31 | CN¥5.22 | CN¥7.82 | x |
| 2023-12-31 | CN¥5.92 | CN¥7.82 | x |
| 2024-12-31 | CN¥5.51 | CN¥7.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xuchang Yuandong Drive Shaft 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): 2.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.27%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.20x
- Recent ROE (2.94%) is below the historical average (11.73%), 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 | 34.74% | 10.27% | 0.96x | 3.54x | CN¥24.61 Million |
| 2007 | 31.25% | 13.96% | 1.08x | 2.07x | CN¥50.13 Million |
| 2008 | 28.35% | 15.45% | 1.04x | 1.77x | CN¥60.60 Million |
| 2009 | 28.63% | 21.18% | 0.86x | 1.57x | CN¥85.00 Million |
| 2010 | 10.14% | 18.25% | 0.51x | 1.08x | CN¥2.49 Million |
| 2011 | 10.02% | 19.14% | 0.49x | 1.07x | CN¥385.20K |
| 2012 | 5.90% | 13.88% | 0.40x | 1.07x | CN¥-83.27 Million |
| 2013 | 5.97% | 11.39% | 0.47x | 1.12x | CN¥-84.61 Million |
| 2014 | 6.01% | 10.88% | 0.49x | 1.13x | CN¥-85.61 Million |
| 2015 | 4.24% | 9.98% | 0.37x | 1.14x | CN¥-125.84 Million |
| 2016 | 5.21% | 11.42% | 0.41x | 1.12x | CN¥-107.47 Million |
| 2017 | 7.98% | 12.30% | 0.56x | 1.16x | CN¥-47.50 Million |
| 2018 | 11.13% | 15.78% | 0.61x | 1.15x | CN¥27.44 Million |
| 2019 | 9.42% | 15.54% | 0.44x | 1.39x | CN¥-16.76 Million |
| 2020 | 9.67% | 14.98% | 0.51x | 1.27x | CN¥-10.93 Million |
| 2021 | 6.84% | 11.71% | 0.44x | 1.32x | CN¥-108.43 Million |
| 2022 | 2.11% | 6.78% | 0.24x | 1.32x | CN¥-272.83 Million |
| 2023 | 2.36% | 7.20% | 0.27x | 1.21x | CN¥-303.99 Million |
| 2024 | 2.94% | 9.27% | 0.26x | 1.20x | CN¥-284.28 Million |
Industry Comparison
This section compares Xuchang Yuandong Drive Shaft Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,751,605,266
- Average return on equity (ROE) among peers: 3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xuchang Yuandong Drive Shaft Co Ltd (002406) | CN¥4.05 Billion | 34.74% | 0.21x | $533.86 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.65 Million | 0.00% | 0.00x | $362.53 Million |
| Wanxiang Qianchao Co Ltd (000559) | $5.46 Billion | 13.23% | 1.21x | $2.57 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.49 Billion | -7.43% | 2.21x | $811.92 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.56 Billion | 1.77% | 2.12x | $455.37 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $351.71 Million | 3.10% | 0.97x | $643.46 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.38 Billion | 4.32% | 2.30x | $956.75 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $546.55 Million | 2.75% | 0.63x | $234.35 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $13.03 Billion | 9.60% | 0.85x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $805.42 Million | 8.72% | 0.32x | $1.67 Billion |