Huizhou Desay SV Automotive Co Ltd Class A (002920) - Net Assets
Based on the latest financial reports, Huizhou Desay SV Automotive Co Ltd Class A (002920) has net assets worth CN¥14.78 Billion CNY (≈ $2.16 Billion 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¥27.24 Billion ≈ $3.99 Billion USD) and total liabilities (CN¥12.46 Billion ≈ $1.82 Billion 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 how resilient are Huizhou Desay SV Automotive Co Ltd Class's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥14.78 Billion |
| % of Total Assets | 54.27% |
| Annual Growth Rate | 31.39% |
| 5-Year Change | 110.33% |
| 10-Year Change | 1028.76% |
| Growth Volatility | 50.36 |
Huizhou Desay SV Automotive Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Huizhou Desay SV Automotive Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore how large is Huizhou Desay SV Automotive Co Ltd Class's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Huizhou Desay SV Automotive Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Huizhou Desay SV Automotive Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see market cap of Huizhou Desay SV Automotive Co Ltd Class.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.77 Billion ≈ $1.43 Billion |
+21.16% |
| 2023-12-31 | CN¥8.06 Billion ≈ $1.18 Billion |
+23.19% |
| 2022-12-31 | CN¥6.54 Billion ≈ $957.41 Million |
+20.79% |
| 2021-12-31 | CN¥5.42 Billion ≈ $792.60 Million |
+16.66% |
| 2020-12-31 | CN¥4.64 Billion ≈ $679.41 Million |
+10.07% |
| 2019-12-31 | CN¥4.22 Billion ≈ $617.28 Million |
+6.18% |
| 2018-12-31 | CN¥3.97 Billion ≈ $581.36 Million |
+6.95% |
| 2017-12-31 | CN¥3.71 Billion ≈ $543.55 Million |
+191.06% |
| 2016-12-31 | CN¥1.28 Billion ≈ $186.75 Million |
+47.51% |
| 2015-12-31 | CN¥865.16 Million ≈ $126.60 Million |
+47.19% |
| 2014-12-31 | CN¥587.77 Million ≈ $86.01 Million |
+21.24% |
| 2013-12-31 | CN¥484.80 Million ≈ $70.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huizhou Desay SV Automotive Co Ltd Class A'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 2082.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.06 Billion | 62.89% |
| Common Stock | CN¥554.96 Million | 5.75% |
| Other Components | CN¥3.02 Billion | 31.36% |
| Total Equity | CN¥9.64 Billion | 100.00% |
Huizhou Desay SV Automotive Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Huizhou Desay SV Automotive Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cognex Corporation
NASDAQ:CGNX
|
$9.00 Billion |
|
China Steel Corp
TW:2002
|
$9.00 Billion |
|
Baloise Holding AG
SW:BALN
|
$9.01 Billion |
|
Shandong Nanshan Aluminium Co Ltd
SHG:600219
|
$9.02 Billion |
|
Macronix International Co Ltd
TW:2337
|
$8.99 Billion |
|
BlueFocus Communication Group
SHE:300058
|
$8.99 Billion |
|
Sinotruk (Hong Kong) Limited
F:4SK
|
$8.99 Billion |
|
The Siam Cement Public Company Limited
BK:SCC
|
$8.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huizhou Desay SV Automotive Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,952,283,330 to 9,643,271,178, a change of 1,690,987,848 (21.3%).
- Net income of 2,004,875,286 contributed positively to equity growth.
- Dividend payments of 498,968,948 reduced retained earnings.
- Other comprehensive income decreased equity by 566,049,281.
- Other factors increased equity by 751,130,791.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.00 Billion | +20.79% |
| Dividends Paid | CN¥498.97 Million | -5.17% |
| Other Comprehensive Income | CN¥-566.05 Million | -5.87% |
| Other Changes | CN¥751.13 Million | +7.79% |
| Total Change | CN¥- | 21.26% |
Book Value vs Market Value Analysis
This analysis compares Huizhou Desay SV Automotive Co Ltd Class A'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: 5.92x
- 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 19.85x to 5.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥5.19 | CN¥103.07 | x |
| 2014-12-31 | CN¥6.31 | CN¥103.07 | x |
| 2015-12-31 | CN¥1.94 | CN¥103.07 | x |
| 2016-12-31 | CN¥2.84 | CN¥103.07 | x |
| 2017-12-31 | CN¥8.27 | CN¥103.07 | x |
| 2018-12-31 | CN¥7.26 | CN¥103.07 | x |
| 2019-12-31 | CN¥7.66 | CN¥103.07 | x |
| 2020-12-31 | CN¥8.44 | CN¥103.07 | x |
| 2021-12-31 | CN¥9.71 | CN¥103.07 | x |
| 2022-12-31 | CN¥11.65 | CN¥103.07 | x |
| 2023-12-31 | CN¥14.40 | CN¥103.07 | x |
| 2024-12-31 | CN¥17.41 | CN¥103.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huizhou Desay SV Automotive Co Ltd Class A 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): 20.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.26%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 2.23x
- Recent ROE (20.79%) is below the historical average (21.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 20.68% | 5.67% | 1.21x | 3.01x | CN¥52.02 Million |
| 2014 | 27.97% | 6.28% | 1.25x | 3.56x | CN¥106.34 Million |
| 2015 | 41.23% | 9.78% | 1.19x | 3.55x | CN¥271.82 Million |
| 2016 | 46.06% | 10.40% | 1.27x | 3.50x | CN¥462.13 Million |
| 2017 | 16.57% | 10.26% | 0.97x | 1.67x | CN¥244.40 Million |
| 2018 | 10.48% | 7.69% | 0.95x | 1.43x | CN¥18.89 Million |
| 2019 | 6.93% | 5.47% | 0.84x | 1.51x | CN¥-129.42 Million |
| 2020 | 11.17% | 7.62% | 0.90x | 1.63x | CN¥54.13 Million |
| 2021 | 15.60% | 8.70% | 0.94x | 1.90x | CN¥299.06 Million |
| 2022 | 18.29% | 7.93% | 1.09x | 2.12x | CN¥536.92 Million |
| 2023 | 19.45% | 7.06% | 1.22x | 2.27x | CN¥751.51 Million |
| 2024 | 20.79% | 7.26% | 1.29x | 2.23x | CN¥1.04 Billion |
Industry Comparison
This section compares Huizhou Desay SV Automotive Co Ltd Class A's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,314,550,990
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huizhou Desay SV Automotive Co Ltd Class A (002920) | CN¥14.78 Billion | 20.68% | 0.84x | $9.00 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $5.30 Billion | 9.49% | 0.52x | $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) | $3.72 Billion | 3.64% | 1.83x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.08 Billion | -8.46% | 3.69x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-125.97 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.27 Billion | 0.97% | 1.13x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-733.97 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $797.13 Million | 4.24% | 1.03x | $3.35 Billion |
About Huizhou Desay SV Automotive Co Ltd Class A
Huizhou Desay SV Automotive Co., Ltd. develops mobility solutions and software. It offers smart cabin solutions, including smart display systems comprising display systems and heads-up display; interaction systems that consists of instrument clusters, IVI, smart devices, and smart amplifiers; and smart domain controller platforms that include smart vehicle control and smart cabin domain controlle… Read more