Xuchang Yuandong Drive Shaft Co Ltd (002406) - Net Assets
Based on the latest financial reports, Xuchang Yuandong Drive Shaft Co Ltd (002406) has net assets worth CN¥3.99 Billion CNY (≈ $584.31 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.28 Billion ≈ $772.87 Million USD) and total liabilities (CN¥1.29 Billion ≈ $188.56 Million USD). 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. Check 002406 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.99 Billion |
| % of Total Assets | 75.6% |
| Annual Growth Rate | 21.42% |
| 5-Year Change | 19.77% |
| 10-Year Change | 83.22% |
| Growth Volatility | 69.77 |
Xuchang Yuandong Drive Shaft Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Xuchang Yuandong Drive Shaft Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Xuchang Yuandong Drive Shaft Co Ltd worth.
Annual Net Assets for Xuchang Yuandong Drive Shaft Co Ltd (2006–2025)
The table below shows the annual net assets of Xuchang Yuandong Drive Shaft Co Ltd from 2006 to 2025. Also explore Xuchang Yuandong Drive Shaft Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.11 Billion ≈ $601.79 Million |
+1.32% |
| 2024-12-31 | CN¥4.06 Billion ≈ $593.97 Million |
+1.12% |
| 2023-12-31 | CN¥4.01 Billion ≈ $587.38 Million |
+15.02% |
| 2022-12-31 | CN¥3.49 Billion ≈ $510.67 Million |
+1.64% |
| 2021-12-31 | CN¥3.43 Billion ≈ $502.44 Million |
+2.37% |
| 2020-12-31 | CN¥3.35 Billion ≈ $490.80 Million |
+15.89% |
| 2019-12-31 | CN¥2.89 Billion ≈ $423.49 Million |
+18.63% |
| 2018-12-31 | CN¥2.44 Billion ≈ $356.98 Million |
+3.92% |
| 2017-12-31 | CN¥2.35 Billion ≈ $343.53 Million |
+4.59% |
| 2016-12-31 | CN¥2.24 Billion ≈ $328.45 Million |
+2.79% |
| 2015-12-31 | CN¥2.18 Billion ≈ $319.53 Million |
+1.70% |
| 2014-12-31 | CN¥2.15 Billion ≈ $314.19 Million |
+2.15% |
| 2013-12-31 | CN¥2.10 Billion ≈ $307.60 Million |
+3.42% |
| 2012-12-31 | CN¥2.03 Billion ≈ $297.42 Million |
+3.25% |
| 2011-12-31 | CN¥1.97 Billion ≈ $288.06 Million |
+7.72% |
| 2010-12-31 | CN¥1.83 Billion ≈ $267.42 Million |
+300.42% |
| 2009-12-31 | CN¥456.39 Million ≈ $66.78 Million |
+38.17% |
| 2008-12-31 | CN¥330.31 Million ≈ $48.33 Million |
+39.89% |
| 2007-12-31 | CN¥236.12 Million ≈ $34.55 Million |
+129.40% |
| 2006-12-31 | CN¥102.93 Million ≈ $15.06 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 4220.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.37 Billion | 33.74% |
| Other Components | CN¥2.70 Billion | 66.26% |
| Total Equity | CN¥4.07 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 |
|---|---|
|
Collegium Pharmaceutical Inc
NASDAQ:COLL
|
$690.38 Million |
|
Zhang Xiaoquan Inc.
SHE:301055
|
$690.54 Million |
|
United States Antimony Corporation
NYSE:UAMY
|
$690.54 Million |
|
Jiangxi Sanxin Medtec Co Ltd
SHE:300453
|
$691.40 Million |
|
Bringspring Science and Tech
SHE:300290
|
$689.93 Million |
|
Kim Loong Resources Bhd
KLSE:5027
|
$689.92 Million |
|
ST Barbara Ltd
AU:SBM
|
$689.67 Million |
|
AFYA LTD. CL.A DL-00005
F:1AY
|
$689.63 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 2024 to 2025, total equity changed from 4,026,203,000 to 4,072,886,771, a change of 46,683,771 (1.2%).
- Net income of 156,217,047 contributed positively to equity growth.
- Dividend payments of 109,533,762 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥156.22 Million | +3.84% |
| Dividends Paid | CN¥109.53 Million | -2.69% |
| Other Changes | CN¥486.23 | +0.0% |
| Total Change | CN¥- | 1.16% |
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: 1.16x
- 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 25.19x to 1.16x 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¥6.46 | x |
| 2007-12-31 | CN¥0.61 | CN¥6.46 | x |
| 2008-12-31 | CN¥0.79 | CN¥6.46 | x |
| 2009-12-31 | CN¥1.08 | CN¥6.46 | x |
| 2010-12-31 | CN¥3.65 | CN¥6.46 | x |
| 2011-12-31 | CN¥3.49 | CN¥6.46 | x |
| 2012-12-31 | CN¥3.62 | CN¥6.46 | x |
| 2013-12-31 | CN¥3.77 | CN¥6.46 | x |
| 2014-12-31 | CN¥3.83 | CN¥6.46 | x |
| 2015-12-31 | CN¥3.89 | CN¥6.46 | x |
| 2016-12-31 | CN¥4.03 | CN¥6.46 | x |
| 2017-12-31 | CN¥4.14 | CN¥6.46 | x |
| 2018-12-31 | CN¥4.31 | CN¥6.46 | x |
| 2019-12-31 | CN¥4.99 | CN¥6.46 | x |
| 2020-12-31 | CN¥5.48 | CN¥6.46 | x |
| 2021-12-31 | CN¥4.82 | CN¥6.46 | x |
| 2022-12-31 | CN¥5.22 | CN¥6.46 | x |
| 2023-12-31 | CN¥5.92 | CN¥6.46 | x |
| 2024-12-31 | CN¥5.44 | CN¥6.46 | x |
| 2025-12-31 | CN¥5.58 | CN¥6.46 | 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): 3.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.96%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.26x
- Recent ROE (3.84%) is below the historical average (11.34%), 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 |
| 2025 | 3.84% | 9.96% | 0.31x | 1.26x | CN¥-251.07 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: $2,049,123,028
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xuchang Yuandong Drive Shaft Co Ltd (002406) | CN¥3.99 Billion | 34.74% | 0.32x | $690.28 Million |
| FAWER Automotive Parts Ltd Co (000030) | $116.97 Million | 5.53% | 11.30x | $971.32 Million |
| Wanxiang Qianchao Co Ltd (000559) | $1.86 Billion | 8.12% | 0.67x | $5.02 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $643.09 Million | 12.97% | 1.20x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.63 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $201.35 Million | -6.58% | 0.62x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $871.28 Million | -4.06% | 1.57x | $579.74 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.48 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-1.09 Billion | 0.00% | 0.00x | $323.51 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $-54.85 Million | 0.00% | 0.00x | $3.63 Billion |
About 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