Xiamen Sunrise Wheel Group Co Ltd (002593) - Net Assets
Based on the latest financial reports, Xiamen Sunrise Wheel Group Co Ltd (002593) has net assets worth CN¥2.43 Billion CNY (≈ $356.03 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¥4.71 Billion ≈ $688.92 Million USD) and total liabilities (CN¥2.27 Billion ≈ $332.89 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 002593 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore total assets of Xiamen Sunrise Wheel Group Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Xiamen Sunrise Wheel Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.42 Billion ≈ $353.43 Million |
+0.18% |
| 2023-12-31 | CN¥2.41 Billion ≈ $352.79 Million |
+2.32% |
| 2022-12-31 | CN¥2.36 Billion ≈ $344.81 Million |
0.00% |
| 2021-12-31 | CN¥2.36 Billion ≈ $344.82 Million |
+19.52% |
| 2020-12-31 | CN¥1.97 Billion ≈ $288.50 Million |
+2.09% |
| 2019-12-31 | CN¥1.93 Billion ≈ $282.59 Million |
+1.65% |
| 2018-12-31 | CN¥1.90 Billion ≈ $277.99 Million |
+2.62% |
| 2017-12-31 | CN¥1.85 Billion ≈ $270.90 Million |
+2.01% |
| 2016-12-31 | CN¥1.81 Billion ≈ $265.56 Million |
+3.73% |
| 2015-12-31 | CN¥1.75 Billion ≈ $256.00 Million |
+43.75% |
| 2014-12-31 | CN¥1.22 Billion ≈ $178.09 Million |
+2.24% |
| 2013-12-31 | CN¥1.19 Billion ≈ $174.20 Million |
+0.79% |
| 2012-12-31 | CN¥1.18 Billion ≈ $172.83 Million |
+1.25% |
| 2011-12-31 | CN¥1.17 Billion ≈ $170.70 Million |
+168.38% |
| 2010-12-31 | CN¥434.65 Million ≈ $63.60 Million |
+18.71% |
| 2009-12-31 | CN¥366.16 Million ≈ $53.58 Million |
+11.63% |
| 2008-12-31 | CN¥328.01 Million ≈ $48.00 Million |
+39.30% |
| 2007-12-31 | CN¥235.47 Million ≈ $34.46 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 |
|---|---|
|
Leong Hup International Berhad
KLSE:6633
|
$633.07 Million |
|
Zhejiang Yueling Co Ltd
SHE:002725
|
$633.09 Million |
|
Shenzhen Haoningda Meters Co Ltd
SHE:002356
|
$633.20 Million |
|
Guangzhou Amsky Technology Co Ltd
SHE:300521
|
$633.20 Million |
|
Ningbo Bohui Chemical Technology
SHE:300839
|
$632.76 Million |
|
Vivakor Inc
NASDAQ:VIVK
|
$632.67 Million |
|
Hefei Lifeon Pharmaceutical Co Ltd
SHE:003020
|
$632.57 Million |
|
Xinjiang Ba Yi Iron & Steel Co Ltd
SHG:600581
|
$632.56 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: 1.80x
- 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 4.91x to 1.80x 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¥5.38 | x |
| 2008-12-31 | CN¥0.93 | CN¥5.38 | x |
| 2009-12-31 | CN¥0.65 | CN¥5.38 | x |
| 2010-12-31 | CN¥0.95 | CN¥5.38 | x |
| 2011-12-31 | CN¥2.10 | CN¥5.38 | x |
| 2012-12-31 | CN¥1.87 | CN¥5.38 | x |
| 2013-12-31 | CN¥1.90 | CN¥5.38 | x |
| 2014-12-31 | CN¥1.95 | CN¥5.38 | x |
| 2015-12-31 | CN¥2.50 | CN¥5.38 | x |
| 2016-12-31 | CN¥2.61 | CN¥5.38 | x |
| 2017-12-31 | CN¥2.70 | CN¥5.38 | x |
| 2018-12-31 | CN¥2.53 | CN¥5.38 | x |
| 2019-12-31 | CN¥2.73 | CN¥5.38 | x |
| 2020-12-31 | CN¥2.79 | CN¥5.38 | x |
| 2021-12-31 | CN¥3.09 | CN¥5.38 | x |
| 2022-12-31 | CN¥2.90 | CN¥5.38 | x |
| 2023-12-31 | CN¥3.19 | CN¥5.38 | x |
| 2024-12-31 | CN¥2.99 | CN¥5.38 | 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: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
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 | $632.85 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About 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