Qingdao Sentury Tire Co Ltd
Qingdao Sentury Tire Co., Ltd. engages in the development, production, and sale of tires primarily in China. It offers passenger car, light and heavy truck, racing car, motorsports, and aircraft tires under the SENTURY, LANDSAIL, DELINTE, and GROUNDSPEED brand name. The company was incorporated in 2007 and is based in Jimo, China.
Qingdao Sentury Tire Co Ltd (002984) - Net Assets
Latest net assets as of September 2025: CN¥13.85 Billion CNY
Based on the latest financial reports, Qingdao Sentury Tire Co Ltd (002984) has net assets worth CN¥13.85 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¥18.44 Billion) and total liabilities (CN¥4.60 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¥13.85 Billion |
| % of Total Assets | 75.08% |
| Annual Growth Rate | 27.23% |
| 5-Year Change | 143.13% |
| 10-Year Change | N/A |
| Growth Volatility | 14.67 |
Qingdao Sentury Tire Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Qingdao Sentury Tire 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 Qingdao Sentury Tire Co Ltd (2015–2024)
The table below shows the annual net assets of Qingdao Sentury Tire Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥13.49 Billion | +14.48% |
| 2023-12-31 | CN¥11.79 Billion | +54.60% |
| 2022-12-31 | CN¥7.62 Billion | +14.71% |
| 2021-12-31 | CN¥6.65 Billion | +19.75% |
| 2020-12-31 | CN¥5.55 Billion | +53.73% |
| 2019-12-31 | CN¥3.61 Billion | +27.98% |
| 2018-12-31 | CN¥2.82 Billion | +26.08% |
| 2017-12-31 | CN¥2.24 Billion | +17.26% |
| 2016-12-31 | CN¥1.91 Billion | +23.57% |
| 2015-12-31 | CN¥1.54 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Qingdao Sentury Tire 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 682112756000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.71 Billion | 49.73% |
| Common Stock | CN¥1.04 Billion | 7.67% |
| Other Comprehensive Income | CN¥1.27 Billion | 9.44% |
| Other Components | CN¥4.47 Billion | 33.16% |
| Total Equity | CN¥13.49 Billion | 100.00% |
Qingdao Sentury Tire Co Ltd Competitors by Market Cap
The table below lists competitors of Qingdao Sentury Tire Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JC Decaux SA
PA:DEC
|
$1.41 Billion |
|
Kinnevik Investment AB ser. A
ST:KINV-A
|
$1.41 Billion |
|
Guangzhou Baiyun International Airport Co Ltd
SHG:600004
|
$1.41 Billion |
|
Inter Cars S.A.
WAR:CAR
|
$1.41 Billion |
|
Enlight Renewable Energy Ltd. Ordinary Shares
NASDAQ:ENLT
|
$1.41 Billion |
|
Kirloskar Oil Engines Limited
NSE:KIRLOSENG
|
$1.41 Billion |
|
Arcplus Group PLC
SHG:600629
|
$1.41 Billion |
|
Cochin Shipyard Limited
NSE:COCHINSHIP
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Qingdao Sentury Tire Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,786,295,058 to 13,493,079,387, a change of 1,706,784,329 (14.5%).
- Net income of 2,186,020,148 contributed positively to equity growth.
- Dividend payments of 539,143,104 reduced retained earnings.
- Share repurchases of 150,017,308 reduced equity.
- Other comprehensive income increased equity by 186,158,789.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.19 Billion | +16.2% |
| Dividends Paid | CN¥539.14 Million | -4.0% |
| Share Repurchases | CN¥150.02 Million | -1.11% |
| Other Comprehensive Income | CN¥186.16 Million | +1.38% |
| Other Changes | CN¥23.77 Million | +0.18% |
| Total Change | CN¥- | 14.48% |
Book Value vs Market Value Analysis
This analysis compares Qingdao Sentury Tire 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: 1.52x
- 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 7.30x to 1.52x 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¥2.62 | CN¥19.11 | x |
| 2016-12-31 | CN¥3.26 | CN¥19.11 | x |
| 2017-12-31 | CN¥3.90 | CN¥19.11 | x |
| 2018-12-31 | CN¥4.85 | CN¥19.11 | x |
| 2019-12-31 | CN¥5.56 | CN¥19.11 | x |
| 2020-12-31 | CN¥8.54 | CN¥19.11 | x |
| 2021-12-31 | CN¥10.15 | CN¥19.11 | x |
| 2022-12-31 | CN¥11.42 | CN¥19.11 | x |
| 2023-12-31 | CN¥11.71 | CN¥19.11 | x |
| 2024-12-31 | CN¥12.59 | CN¥19.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Qingdao Sentury Tire 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): 16.20%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.69%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.29x
- Recent ROE (16.20%) is above the historical average (14.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.32% | 6.91% | 0.40x | 3.39x | CN¥-10.27 Million |
| 2016 | 15.73% | 12.13% | 0.43x | 3.00x | CN¥107.26 Million |
| 2017 | 16.93% | 10.47% | 0.59x | 2.75x | CN¥155.03 Million |
| 2018 | 17.32% | 11.70% | 0.66x | 2.23x | CN¥206.43 Million |
| 2019 | 20.52% | 16.18% | 0.71x | 1.77x | CN¥379.71 Million |
| 2020 | 17.67% | 20.84% | 0.61x | 1.39x | CN¥425.57 Million |
| 2021 | 11.34% | 14.55% | 0.50x | 1.56x | CN¥88.74 Million |
| 2022 | 10.50% | 12.73% | 0.57x | 1.46x | CN¥38.49 Million |
| 2023 | 11.61% | 17.45% | 0.50x | 1.33x | CN¥189.88 Million |
| 2024 | 16.20% | 25.69% | 0.49x | 1.29x | CN¥836.71 Million |
Industry Comparison
This section compares Qingdao Sentury Tire Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,751,605,266
- Average return on equity (ROE) among peers: 3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Qingdao Sentury Tire Co Ltd (002984) | CN¥13.85 Billion | 9.32% | 0.33x | $1.41 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $-1.65 Million | 0.00% | 0.00x | $362.53 Million |
| Wanxiang Qianchao Co Ltd (000559) | $5.46 Billion | 13.23% | 1.21x | $2.57 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.49 Billion | -7.43% | 2.21x | $811.92 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.56 Billion | 1.77% | 2.12x | $455.37 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $351.71 Million | 3.10% | 0.97x | $643.46 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.38 Billion | 4.32% | 2.30x | $956.75 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $546.55 Million | 2.75% | 0.63x | $234.35 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $13.03 Billion | 9.60% | 0.85x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $805.42 Million | 8.72% | 0.32x | $1.67 Billion |