Zhejiang Jingu Co Ltd (002488) - Net Assets
Based on the latest financial reports, Zhejiang Jingu Co Ltd (002488) has net assets worth CN¥4.25 Billion CNY (≈ $621.91 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¥9.43 Billion ≈ $1.38 Billion USD) and total liabilities (CN¥5.18 Billion ≈ $758.40 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 Zhejiang Jingu Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.25 Billion |
| % of Total Assets | 45.06% |
| Annual Growth Rate | 23.88% |
| 5-Year Change | 11.57% |
| 10-Year Change | 160.74% |
| Growth Volatility | 85.05 |
Zhejiang Jingu Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Jingu Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002488 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Jingu Co Ltd (2007–2024)
The table below shows the annual net assets of Zhejiang Jingu Co Ltd from 2007 to 2024. For live valuation and market cap data, see market value of Zhejiang Jingu Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.22 Billion ≈ $617.86 Million |
+1.36% |
| 2023-12-31 | CN¥4.17 Billion ≈ $609.59 Million |
+4.90% |
| 2022-12-31 | CN¥3.97 Billion ≈ $581.09 Million |
+3.88% |
| 2021-12-31 | CN¥3.82 Billion ≈ $559.39 Million |
+1.01% |
| 2020-12-31 | CN¥3.78 Billion ≈ $553.78 Million |
-5.44% |
| 2019-12-31 | CN¥4.00 Billion ≈ $585.64 Million |
-0.41% |
| 2018-12-31 | CN¥4.02 Billion ≈ $588.07 Million |
-3.14% |
| 2017-12-31 | CN¥4.15 Billion ≈ $607.17 Million |
+189.12% |
| 2016-12-31 | CN¥1.44 Billion ≈ $210.01 Million |
-11.38% |
| 2015-12-31 | CN¥1.62 Billion ≈ $236.97 Million |
+0.22% |
| 2014-12-31 | CN¥1.62 Billion ≈ $236.46 Million |
+68.26% |
| 2013-12-31 | CN¥960.38 Million ≈ $140.53 Million |
+1.56% |
| 2012-12-31 | CN¥945.59 Million ≈ $138.37 Million |
+0.49% |
| 2011-12-31 | CN¥940.97 Million ≈ $137.69 Million |
+7.69% |
| 2010-12-31 | CN¥873.76 Million ≈ $127.86 Million |
+323.02% |
| 2009-12-31 | CN¥206.55 Million ≈ $30.22 Million |
+52.19% |
| 2008-12-31 | CN¥135.71 Million ≈ $19.86 Million |
+22.48% |
| 2007-12-31 | CN¥110.81 Million ≈ $16.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jingu 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 770.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥134.43 Million | 3.83% |
| Common Stock | CN¥995.44 Million | 28.34% |
| Other Components | CN¥2.38 Billion | 67.83% |
| Total Equity | CN¥3.51 Billion | 100.00% |
Zhejiang Jingu Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Jingu Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solaria Energía y Medio Ambiente S.A
MC:SLR
|
$1.90 Billion |
|
Stock Yards Bancorp Inc
NASDAQ:SYBT
|
$1.90 Billion |
|
Shenzhen Newway Photomask Making Co. Ltd. A
SHG:688401
|
$1.90 Billion |
|
Stadler Rail AG
SW:SRAIL
|
$1.90 Billion |
|
Shenzhen Kingdom SCI Tech Co Ltd
SHG:600446
|
$1.90 Billion |
|
Zhejiang Jingxin Pharmaceutical Co Ltd
SHE:002020
|
$1.90 Billion |
|
Beijing Sojo Electric Co Ltd
SHE:300444
|
$1.89 Billion |
|
AUB GROUP LTD.
F:A5H
|
$1.89 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jingu Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,130,083,338 to 3,512,354,473, a change of -617,728,865 (-15.0%).
- Net income of 23,182,107 contributed positively to equity growth.
- Dividend payments of 112,673,330 reduced retained earnings.
- Share repurchases of 36,080,728 reduced equity.
- Other factors decreased equity by 492,156,914.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥23.18 Million | +0.66% |
| Dividends Paid | CN¥112.67 Million | -3.21% |
| Share Repurchases | CN¥36.08 Million | -1.03% |
| Other Changes | CN¥-492.16 Million | -14.01% |
| Total Change | CN¥- | -14.96% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jingu 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 52.47x 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 |
|---|---|---|---|
| 2007-12-31 | CN¥0.25 | CN¥13.03 | x |
| 2008-12-31 | CN¥0.30 | CN¥13.03 | x |
| 2009-12-31 | CN¥0.46 | CN¥13.03 | x |
| 2010-12-31 | CN¥1.62 | CN¥13.03 | x |
| 2011-12-31 | CN¥1.32 | CN¥13.03 | x |
| 2012-12-31 | CN¥1.35 | CN¥13.03 | x |
| 2013-12-31 | CN¥1.36 | CN¥13.03 | x |
| 2014-12-31 | CN¥2.15 | CN¥13.03 | x |
| 2015-12-31 | CN¥2.02 | CN¥13.03 | x |
| 2016-12-31 | CN¥1.83 | CN¥13.03 | x |
| 2017-12-31 | CN¥4.58 | CN¥13.03 | x |
| 2018-12-31 | CN¥3.88 | CN¥13.03 | x |
| 2019-12-31 | CN¥4.25 | CN¥13.03 | x |
| 2020-12-31 | CN¥3.94 | CN¥13.03 | x |
| 2021-12-31 | CN¥4.00 | CN¥13.03 | x |
| 2022-12-31 | CN¥3.96 | CN¥13.03 | x |
| 2023-12-31 | CN¥4.13 | CN¥13.03 | x |
| 2024-12-31 | CN¥3.53 | CN¥13.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jingu 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): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.69%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.68x
- Recent ROE (0.66%) is below the historical average (5.48%), 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 | 29.35% | 11.06% | 0.91x | 2.93x | CN¥20.29 Million |
| 2008 | 18.70% | 6.33% | 0.92x | 3.20x | CN¥11.22 Million |
| 2009 | 19.60% | 10.26% | 0.64x | 2.97x | CN¥19.11 Million |
| 2010 | 7.08% | 10.37% | 0.44x | 1.56x | CN¥-25.30 Million |
| 2011 | 7.86% | 9.12% | 0.48x | 1.80x | CN¥-19.24 Million |
| 2012 | 6.33% | 6.38% | 0.45x | 2.20x | CN¥-33.17 Million |
| 2013 | 4.90% | 3.86% | 0.46x | 2.78x | CN¥-46.87 Million |
| 2014 | 4.03% | 4.84% | 0.37x | 2.24x | CN¥-93.99 Million |
| 2015 | 2.96% | 3.08% | 0.41x | 2.35x | CN¥-111.45 Million |
| 2016 | -9.81% | -6.08% | 0.54x | 3.01x | CN¥-279.00 Million |
| 2017 | 1.31% | 1.79% | 0.42x | 1.74x | CN¥-358.24 Million |
| 2018 | 4.12% | 6.00% | 0.38x | 1.83x | CN¥-234.26 Million |
| 2019 | 0.58% | 1.09% | 0.32x | 1.68x | CN¥-376.61 Million |
| 2020 | -4.31% | -6.23% | 0.41x | 1.68x | CN¥-541.38 Million |
| 2021 | 1.77% | 2.48% | 0.41x | 1.73x | CN¥-314.70 Million |
| 2022 | 2.79% | 3.67% | 0.41x | 1.86x | CN¥-285.79 Million |
| 2023 | 0.78% | 0.95% | 0.42x | 1.92x | CN¥-380.96 Million |
| 2024 | 0.66% | 0.69% | 0.36x | 2.68x | CN¥-328.05 Million |
Industry Comparison
This section compares Zhejiang Jingu Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,591,014,487
- Average return on equity (ROE) among peers: 4.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jingu Co Ltd (002488) | CN¥4.25 Billion | 29.35% | 1.22x | $1.90 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $-981.31 Million | 0.00% | 0.00x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $8.58 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.12 Billion | 6.84% | 0.38x | $2.32 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.20 Billion | 7.26% | 1.93x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $1.73 Billion | -20.59% | 4.27x | $707.54 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $204.20 Million | 1.54% | 0.67x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.29 Billion | 0.90% | 1.00x | $907.28 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $255.64 Million | 10.42% | 0.21x | $1.95 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $341.13 Million | 10.15% | 0.30x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.58 Billion |
About Zhejiang Jingu Co Ltd
Zhejiang Jingu Company Limited research, develops, manufactures, and sells automobile wheels in China. It operates through Automobile parts manufacturing and Steel trading business segments. The company offers passenger car wheels, commercial vehicle wheels, trailer wheels, snow car wheels, split wheels, agricultural wheels, as well as low-carbon wheels under the name Avatar. It also exports its … Read more