Xiamen Sunrise Wheel Group Co Ltd
Xiamen Sunrise Group Co., Ltd. engages in the design, research and development, production, and sale of steel products in China and internationally. The company offers car wheel products, such as tube steel wheels, tubeless steel wheels, and forged aluminum wheels for high-rise building, equipment support, pipe rack, and bridges areas. It is also involved in the design, manufacture, and installat… Read more
Xiamen Sunrise Wheel Group Co Ltd (002593) - Net Assets
Latest net assets as of September 2025: CN¥2.43 Billion CNY
Based on the latest financial reports, Xiamen Sunrise Wheel Group Co Ltd (002593) has net assets worth CN¥2.43 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¥4.71 Billion) and total liabilities (CN¥2.27 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¥2.43 Billion |
| % of Total Assets | 51.68% |
| Annual Growth Rate | 14.67% |
| 5-Year Change | 22.51% |
| 10-Year Change | 38.06% |
| Growth Volatility | 39.62 |
Xiamen Sunrise Wheel Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Xiamen Sunrise Wheel Group 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 Xiamen Sunrise Wheel Group Co Ltd (2007–2024)
The table below shows the annual net assets of Xiamen Sunrise Wheel Group Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.42 Billion | +0.18% |
| 2023-12-31 | CN¥2.41 Billion | +2.32% |
| 2022-12-31 | CN¥2.36 Billion | 0.00% |
| 2021-12-31 | CN¥2.36 Billion | +19.52% |
| 2020-12-31 | CN¥1.97 Billion | +2.09% |
| 2019-12-31 | CN¥1.93 Billion | +1.65% |
| 2018-12-31 | CN¥1.90 Billion | +2.62% |
| 2017-12-31 | CN¥1.85 Billion | +2.01% |
| 2016-12-31 | CN¥1.81 Billion | +3.73% |
| 2015-12-31 | CN¥1.75 Billion | +43.75% |
| 2014-12-31 | CN¥1.22 Billion | +2.24% |
| 2013-12-31 | CN¥1.19 Billion | +0.79% |
| 2012-12-31 | CN¥1.18 Billion | +1.25% |
| 2011-12-31 | CN¥1.17 Billion | +168.38% |
| 2010-12-31 | CN¥434.65 Million | +18.71% |
| 2009-12-31 | CN¥366.16 Million | +11.63% |
| 2008-12-31 | CN¥328.01 Million | +39.30% |
| 2007-12-31 | CN¥235.47 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xiamen Sunrise Wheel Group 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 760.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥626.66 Million | 26.10% |
| Common Stock | CN¥803.86 Million | 33.47% |
| Other Components | CN¥970.87 Million | 40.43% |
| Total Equity | CN¥2.40 Billion | 100.00% |
Xiamen Sunrise Wheel Group Co Ltd Competitors by Market Cap
The table below lists competitors of Xiamen Sunrise Wheel Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Site Centers Corp
NYSE:SITC
|
$301.80 Million |
|
MIDLAND STS BANCOR.DL-01
F:6HU
|
$301.84 Million |
|
Vetoquinol
PA:VETO
|
$301.84 Million |
|
V2 Retail Limited
NSE:V2RETAIL
|
$301.93 Million |
|
Suzhou YourBest New-type Materials Co.Ltd.
SHE:301266
|
$301.62 Million |
|
Symtek Automation Asia Co Ltd
TW:6438
|
$301.54 Million |
|
Yuanta Sec Kor
KO:003470
|
$301.53 Million |
|
Tibet Galaxy Science & Technology Development Co Ltd
SHE:000752
|
$301.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiamen Sunrise Wheel Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,395,160,000 to 2,401,391,000, a change of 6,231,000 (0.3%).
- Net income of 51,978,000 contributed positively to equity growth.
- Dividend payments of 76,553,000 reduced retained earnings.
- Other factors increased equity by 30,806,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥51.98 Million | +2.16% |
| Dividends Paid | CN¥76.55 Million | -3.19% |
| Other Changes | CN¥30.81 Million | +1.28% |
| Total Change | CN¥- | 0.26% |
Book Value vs Market Value Analysis
This analysis compares Xiamen Sunrise Wheel Group 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: 1.87x
- 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 5.11x to 1.87x 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¥1.10 | CN¥5.60 | x |
| 2008-12-31 | CN¥0.93 | CN¥5.60 | x |
| 2009-12-31 | CN¥0.65 | CN¥5.60 | x |
| 2010-12-31 | CN¥0.95 | CN¥5.60 | x |
| 2011-12-31 | CN¥2.10 | CN¥5.60 | x |
| 2012-12-31 | CN¥1.87 | CN¥5.60 | x |
| 2013-12-31 | CN¥1.90 | CN¥5.60 | x |
| 2014-12-31 | CN¥1.95 | CN¥5.60 | x |
| 2015-12-31 | CN¥2.50 | CN¥5.60 | x |
| 2016-12-31 | CN¥2.61 | CN¥5.60 | x |
| 2017-12-31 | CN¥2.70 | CN¥5.60 | x |
| 2018-12-31 | CN¥2.53 | CN¥5.60 | x |
| 2019-12-31 | CN¥2.73 | CN¥5.60 | x |
| 2020-12-31 | CN¥2.79 | CN¥5.60 | x |
| 2021-12-31 | CN¥3.09 | CN¥5.60 | x |
| 2022-12-31 | CN¥2.90 | CN¥5.60 | x |
| 2023-12-31 | CN¥3.19 | CN¥5.60 | x |
| 2024-12-31 | CN¥2.99 | CN¥5.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiamen Sunrise Wheel Group 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): 2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.69%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.97x
- Recent ROE (2.16%) is below the historical average (6.06%), 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 | 14.92% | 4.25% | 0.79x | 4.42x | CN¥8.92 Million |
| 2008 | 12.89% | 3.81% | 1.07x | 3.15x | CN¥6.89 Million |
| 2009 | 11.77% | 5.03% | 0.78x | 3.00x | CN¥4.60 Million |
| 2010 | 19.22% | 7.81% | 0.84x | 2.92x | CN¥40.09 Million |
| 2011 | 7.61% | 6.87% | 0.58x | 1.89x | CN¥-27.91 Million |
| 2012 | 3.92% | 4.25% | 0.49x | 1.88x | CN¥-71.77 Million |
| 2013 | 2.98% | 2.89% | 0.48x | 2.16x | CN¥-83.53 Million |
| 2014 | 3.25% | 2.94% | 0.47x | 2.32x | CN¥-82.18 Million |
| 2015 | 2.00% | 2.73% | 0.43x | 1.70x | CN¥-139.91 Million |
| 2016 | 3.83% | 4.87% | 0.40x | 1.95x | CN¥-110.76 Million |
| 2017 | 3.71% | 3.41% | 0.53x | 2.07x | CN¥-115.09 Million |
| 2018 | 4.34% | 2.81% | 0.74x | 2.10x | CN¥-106.34 Million |
| 2019 | 4.31% | 3.13% | 0.67x | 2.07x | CN¥-108.93 Million |
| 2020 | 3.96% | 2.59% | 0.69x | 2.20x | CN¥-118.07 Million |
| 2021 | 4.52% | 2.80% | 0.77x | 2.11x | CN¥-128.10 Million |
| 2022 | 1.24% | 0.86% | 0.67x | 2.15x | CN¥-205.00 Million |
| 2023 | 2.51% | 1.52% | 0.78x | 2.11x | CN¥-179.43 Million |
| 2024 | 2.16% | 1.69% | 0.65x | 1.97x | CN¥-188.16 Million |
Industry Comparison
This section compares Xiamen Sunrise Wheel Group 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 |
|---|---|---|---|---|
| Xiamen Sunrise Wheel Group Co Ltd (002593) | CN¥2.43 Billion | 14.92% | 0.94x | $301.71 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 |