Zhejiang Wanliyang Transmission Co Ltd (002434) - Net Assets
Based on the latest financial reports, Zhejiang Wanliyang Transmission Co Ltd (002434) has net assets worth CN¥5.95 Billion CNY (≈ $870.26 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.20 Billion ≈ $1.49 Billion USD) and total liabilities (CN¥4.26 Billion ≈ $622.69 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 002434 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.95 Billion |
| % of Total Assets | 58.29% |
| Annual Growth Rate | 20.04% |
| 5-Year Change | -12.6% |
| 10-Year Change | 141.7% |
| Growth Volatility | 77.82 |
Zhejiang Wanliyang Transmission Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Wanliyang Transmission Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002434 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Wanliyang Transmission Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Wanliyang Transmission Co Ltd from 2007 to 2024. For live valuation and market cap data, see Zhejiang Wanliyang Transmission Co Ltd (002434) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.85 Billion ≈ $855.36 Million |
-1.62% |
| 2023-12-31 | CN¥5.94 Billion ≈ $869.48 Million |
+6.08% |
| 2022-12-31 | CN¥5.60 Billion ≈ $819.66 Million |
+4.81% |
| 2021-12-31 | CN¥5.34 Billion ≈ $782.07 Million |
-20.09% |
| 2020-12-31 | CN¥6.69 Billion ≈ $978.72 Million |
+7.27% |
| 2019-12-31 | CN¥6.24 Billion ≈ $912.39 Million |
+2.55% |
| 2018-12-31 | CN¥6.08 Billion ≈ $889.71 Million |
-1.45% |
| 2017-12-31 | CN¥6.17 Billion ≈ $902.84 Million |
+9.25% |
| 2016-12-31 | CN¥5.65 Billion ≈ $826.43 Million |
+133.53% |
| 2015-12-31 | CN¥2.42 Billion ≈ $353.89 Million |
+7.06% |
| 2014-12-31 | CN¥2.26 Billion ≈ $330.54 Million |
+6.83% |
| 2013-12-31 | CN¥2.11 Billion ≈ $309.42 Million |
+6.15% |
| 2012-12-31 | CN¥1.99 Billion ≈ $291.50 Million |
+3.08% |
| 2011-12-31 | CN¥1.93 Billion ≈ $282.80 Million |
+8.30% |
| 2010-12-31 | CN¥1.78 Billion ≈ $261.12 Million |
+316.25% |
| 2009-12-31 | CN¥428.69 Million ≈ $62.73 Million |
+35.91% |
| 2008-12-31 | CN¥315.42 Million ≈ $46.16 Million |
+20.53% |
| 2007-12-31 | CN¥261.70 Million ≈ $38.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Wanliyang Transmission 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 1268.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.28 Billion | 22.28% |
| Common Stock | CN¥1.31 Billion | 22.87% |
| Other Components | CN¥3.15 Billion | 54.86% |
| Total Equity | CN¥5.74 Billion | 100.00% |
Zhejiang Wanliyang Transmission Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Wanliyang Transmission Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kennedy-Wilson Holdings Inc
NYSE:KW
|
$1.36 Billion |
|
Science Environmental Protection Co. Ltd. A
SHG:688480
|
$1.36 Billion |
|
Sinosteel Engineering and Technology Co Ltd
SHE:000928
|
$1.36 Billion |
|
Global Ship Lease Inc
NYSE:GSL
|
$1.36 Billion |
|
Olaplex Holdings Inc
NASDAQ:OLPX
|
$1.36 Billion |
|
Sinocare Inc
SHE:300298
|
$1.36 Billion |
|
PharmaBlock Sciences Nanjing Inc Class A
SHE:300725
|
$1.36 Billion |
|
Bell AG
SW:BELL
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Wanliyang Transmission Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,893,702,000 to 5,739,909,000, a change of -153,793,000 (-2.6%).
- Net income of 239,986,994 contributed positively to equity growth.
- Dividend payments of 465,990,000 reduced retained earnings.
- Other comprehensive income decreased equity by 290,753,000.
- Other factors increased equity by 362,963,006.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥239.99 Million | +4.18% |
| Dividends Paid | CN¥465.99 Million | -8.12% |
| Other Comprehensive Income | CN¥-290.75 Million | -5.07% |
| Other Changes | CN¥362.96 Million | +6.32% |
| Total Change | CN¥- | -2.61% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Wanliyang Transmission 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: 1.65x
- 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 23.70x to 1.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.30 | CN¥7.10 | x |
| 2008-12-31 | CN¥0.40 | CN¥7.10 | x |
| 2009-12-31 | CN¥0.55 | CN¥7.10 | x |
| 2010-12-31 | CN¥2.02 | CN¥7.10 | x |
| 2011-12-31 | CN¥1.84 | CN¥7.10 | x |
| 2012-12-31 | CN¥1.88 | CN¥7.10 | x |
| 2013-12-31 | CN¥2.00 | CN¥7.10 | x |
| 2014-12-31 | CN¥2.15 | CN¥7.10 | x |
| 2015-12-31 | CN¥2.30 | CN¥7.10 | x |
| 2016-12-31 | CN¥5.36 | CN¥7.10 | x |
| 2017-12-31 | CN¥4.55 | CN¥7.10 | x |
| 2018-12-31 | CN¥4.44 | CN¥7.10 | x |
| 2019-12-31 | CN¥4.62 | CN¥7.10 | x |
| 2020-12-31 | CN¥5.06 | CN¥7.10 | x |
| 2021-12-31 | CN¥4.11 | CN¥7.10 | x |
| 2022-12-31 | CN¥4.29 | CN¥7.10 | x |
| 2023-12-31 | CN¥4.50 | CN¥7.10 | x |
| 2024-12-31 | CN¥4.31 | CN¥7.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Wanliyang Transmission 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): 4.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.99%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.86x
- Recent ROE (4.18%) is below the historical average (9.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 26.14% | 11.67% | 0.91x | 2.46x | CN¥36.43 Million |
| 2008 | 29.45% | 15.93% | 0.88x | 2.11x | CN¥59.37 Million |
| 2009 | 32.76% | 18.92% | 0.80x | 2.16x | CN¥95.56 Million |
| 2010 | 8.42% | 18.17% | 0.39x | 1.19x | CN¥-28.18 Million |
| 2011 | 5.98% | 9.92% | 0.42x | 1.44x | CN¥-74.84 Million |
| 2012 | 4.80% | 5.93% | 0.53x | 1.52x | CN¥-99.88 Million |
| 2013 | 7.17% | 10.21% | 0.42x | 1.68x | CN¥-57.58 Million |
| 2014 | 8.82% | 13.86% | 0.34x | 1.87x | CN¥-25.63 Million |
| 2015 | 9.14% | 10.73% | 0.32x | 2.63x | CN¥-19.89 Million |
| 2016 | 5.59% | 8.37% | 0.38x | 1.77x | CN¥-246.16 Million |
| 2017 | 10.56% | 12.78% | 0.55x | 1.50x | CN¥33.88 Million |
| 2018 | 5.86% | 8.04% | 0.44x | 1.64x | CN¥-248.55 Million |
| 2019 | 6.49% | 7.85% | 0.47x | 1.77x | CN¥-216.14 Million |
| 2020 | 9.28% | 10.18% | 0.52x | 1.74x | CN¥-47.79 Million |
| 2021 | -14.36% | -14.12% | 0.55x | 1.85x | CN¥-1.31 Billion |
| 2022 | 5.37% | 5.87% | 0.51x | 1.80x | CN¥-259.15 Million |
| 2023 | 5.11% | 5.09% | 0.55x | 1.82x | CN¥-288.28 Million |
| 2024 | 4.18% | 3.99% | 0.56x | 1.86x | CN¥-334.00 Million |
Industry Comparison
This section compares Zhejiang Wanliyang Transmission Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Wanliyang Transmission Co Ltd (002434) | CN¥5.95 Billion | 26.14% | 0.72x | $1.36 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About Zhejiang Wanliyang Transmission Co Ltd
Zhejiang Wanliyang Co., Ltd. engages in the research and development, production, and sale of automotive transmissions and transmission/drive system products for new energy vehicles in China and internationally. It offers automotive transmission products, including passenger car transmissions and commercial vehicle transmissions, which are used in passenger cars, SUVs, MPVs, commercial vehicles, … Read more