Suzhou Cheersson Precision Metal Fo (002976) - Net Assets
Based on the latest financial reports, Suzhou Cheersson Precision Metal Fo (002976) has net assets worth CN¥849.04 Million CNY (≈ $124.24 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¥2.38 Billion ≈ $348.19 Million USD) and total liabilities (CN¥1.53 Billion ≈ $223.94 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 002976 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥849.04 Million |
| % of Total Assets | 35.68% |
| Annual Growth Rate | 19.55% |
| 5-Year Change | 21.71% |
| 10-Year Change | N/A |
| Growth Volatility | 18.52 |
Suzhou Cheersson Precision Metal Fo - Net Assets Trend (2015–2024)
This chart illustrates how Suzhou Cheersson Precision Metal Fo's net assets have evolved over time, based on quarterly financial data. Also explore Suzhou Cheersson Precision Metal Fo balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Suzhou Cheersson Precision Metal Fo (2015–2024)
The table below shows the annual net assets of Suzhou Cheersson Precision Metal Fo from 2015 to 2024. For live valuation and market cap data, see 002976 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥919.59 Million ≈ $134.57 Million |
-0.86% |
| 2023-12-31 | CN¥927.54 Million ≈ $135.73 Million |
+9.08% |
| 2022-12-31 | CN¥850.33 Million ≈ $124.43 Million |
+7.73% |
| 2021-12-31 | CN¥789.29 Million ≈ $115.50 Million |
+4.47% |
| 2020-12-31 | CN¥755.54 Million ≈ $110.56 Million |
+61.54% |
| 2019-12-31 | CN¥467.70 Million ≈ $68.44 Million |
+18.27% |
| 2018-12-31 | CN¥395.46 Million ≈ $57.87 Million |
+31.57% |
| 2017-12-31 | CN¥300.58 Million ≈ $43.98 Million |
+19.21% |
| 2016-12-31 | CN¥252.14 Million ≈ $36.90 Million |
+36.85% |
| 2015-12-31 | CN¥184.25 Million ≈ $26.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Suzhou Cheersson Precision Metal Fo'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 176.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥274.45 Million | 35.50% |
| Common Stock | CN¥121.17 Million | 15.67% |
| Other Comprehensive Income | CN¥40.43 Million | 5.23% |
| Other Components | CN¥337.08 Million | 43.60% |
| Total Equity | CN¥773.12 Million | 100.00% |
Suzhou Cheersson Precision Metal Fo Competitors by Market Cap
The table below lists competitors of Suzhou Cheersson Precision Metal Fo ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Yueda Investment Co Ltd
SHG:600805
|
$659.92 Million |
|
Korea Investment Holdings Co Ltd
KO:071055
|
$659.92 Million |
|
Garware Technical Fibres Limited
NSE:GARFIBRES
|
$659.95 Million |
|
JK Paper Limited
NSE:JKPAPER
|
$659.99 Million |
|
Guangzhou Hangxin Aviation Technology Co Ltd
SHE:300424
|
$659.76 Million |
|
Anhui Gourgen Traffic Construction Co Ltd
SHG:603815
|
$659.34 Million |
|
Dook Media Group Limited
SHE:301025
|
$659.00 Million |
|
Merlin, Inc.
NASDAQ:MRLN
|
$658.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Cheersson Precision Metal Fo's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 822,786,176 to 773,124,825, a change of -49,661,351 (-6.0%).
- Net loss of 25,315,490 reduced equity.
- Dividend payments of 28,207,623 reduced retained earnings.
- Other comprehensive income decreased equity by 4,952,646.
- Other factors increased equity by 8,814,408.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-25.32 Million | -3.27% |
| Dividends Paid | CN¥28.21 Million | -3.65% |
| Other Comprehensive Income | CN¥-4.95 Million | -0.64% |
| Other Changes | CN¥8.81 Million | +1.14% |
| Total Change | CN¥- | -6.04% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Cheersson Precision Metal Fo'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: 4.70x
- 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 18.68x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.61 | CN¥30.12 | x |
| 2016-12-31 | CN¥2.40 | CN¥30.12 | x |
| 2017-12-31 | CN¥2.93 | CN¥30.12 | x |
| 2018-12-31 | CN¥3.69 | CN¥30.12 | x |
| 2019-12-31 | CN¥3.30 | CN¥30.12 | x |
| 2020-12-31 | CN¥6.30 | CN¥30.12 | x |
| 2021-12-31 | CN¥6.54 | CN¥30.12 | x |
| 2022-12-31 | CN¥6.19 | CN¥30.12 | x |
| 2023-12-31 | CN¥6.85 | CN¥30.12 | x |
| 2024-12-31 | CN¥6.41 | CN¥30.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Cheersson Precision Metal Fo 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): -3.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.43%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 3.06x
- Recent ROE (-3.27%) is below the historical average (15.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 26.17% | 10.35% | 1.22x | 2.06x | CN¥22.05 Million |
| 2016 | 35.76% | 15.84% | 1.12x | 2.02x | CN¥52.22 Million |
| 2017 | 20.79% | 9.18% | 1.21x | 1.87x | CN¥26.70 Million |
| 2018 | 25.51% | 14.32% | 1.06x | 1.68x | CN¥51.68 Million |
| 2019 | 21.63% | 14.07% | 0.98x | 1.57x | CN¥46.13 Million |
| 2020 | 7.35% | 9.50% | 0.53x | 1.46x | CN¥-20.04 Million |
| 2021 | 5.81% | 6.04% | 0.67x | 1.44x | CN¥-32.85 Million |
| 2022 | 8.90% | 5.56% | 0.63x | 2.54x | CN¥-8.28 Million |
| 2023 | 6.28% | 3.28% | 0.75x | 2.57x | CN¥-30.60 Million |
| 2024 | -3.27% | -1.43% | 0.75x | 3.06x | CN¥-102.63 Million |
Industry Comparison
This section compares Suzhou Cheersson Precision Metal Fo's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $4,092,434,319
- Average return on equity (ROE) among peers: 4.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Cheersson Precision Metal Fo (002976) | CN¥849.04 Million | 26.17% | 1.80x | $659.81 Million |
| China International Marine Containers Group Ltd (000039) | $15.83 Billion | 6.06% | 1.36x | $4.17 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $298.88 Million | 1.26% | 0.34x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $841.40 Million | 0.43% | 0.66x | $411.84 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.84 Billion | 3.24% | 0.41x | $1.17 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.97 Billion | 5.15% | 0.52x | $1.60 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $4.27 Billion | -5.82% | 1.00x | $1.85 Billion |
| Dajin Heavy Industry Corp (002487) | $7.27 Billion | 6.52% | 0.59x | $7.84 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $643.84 Million | 1.92% | 1.18x | $358.24 Million |
| Guangzheng Group Co Ltd (002524) | $113.11 Million | 19.77% | 0.74x | $332.55 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $3.84 Billion | 3.80% | 1.00x | $1.96 Billion |
About Suzhou Cheersson Precision Metal Fo
Suzhou Cheersson Precision Industry Group Co., Ltd., together with its subsidiaries, engages in the research, development, manufacturing, and sale of precision molds and structural parts, automotive air suspension systems, and mobile communication equipment in China. The company offers precision metal structural parts, including automotive safety and chassis systems, components for automotive ele… Read more