Changchai Co Ltd
Changchai Company, Limited, together with its subsidiaries, produces and sells small and medium-sized single cylinder and multi-cylinder diesel engines under the Changchai brand in the People's Republic of China and internationally. The company also offers light diesel and outboard engines; gasoline engines under the Robin brand; and intelligent integrated charging stations. Its diesel engines ar… Read more
Changchai Co Ltd (200570) - Net Assets
Latest net assets as of June 2025: HK$3.58 Billion HKD
Based on the latest financial reports, Changchai Co Ltd (200570) has net assets worth HK$3.58 Billion HKD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$5.50 Billion) and total liabilities (HK$1.92 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 | HK$3.58 Billion |
| % of Total Assets | 65.14% |
| Annual Growth Rate | 8.54% |
| 5-Year Change | 50.06% |
| 10-Year Change | 70.28% |
| Growth Volatility | 47.63 |
Changchai Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Changchai 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 Changchai Co Ltd (1994–2024)
The table below shows the annual net assets of Changchai Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$3.44 Billion | -0.85% |
| 2023-12-31 | HK$3.47 Billion | +3.36% |
| 2022-12-31 | HK$3.36 Billion | +8.40% |
| 2021-12-31 | HK$3.10 Billion | +35.07% |
| 2020-12-31 | HK$2.29 Billion | +7.62% |
| 2019-12-31 | HK$2.13 Billion | +3.20% |
| 2018-12-31 | HK$2.06 Billion | -8.95% |
| 2017-12-31 | HK$2.27 Billion | -3.20% |
| 2016-12-31 | HK$2.34 Billion | +15.94% |
| 2015-12-31 | HK$2.02 Billion | +3.45% |
| 2014-12-31 | HK$1.95 Billion | +6.96% |
| 2013-12-31 | HK$1.83 Billion | -1.90% |
| 2012-12-31 | HK$1.86 Billion | +5.97% |
| 2011-12-31 | HK$1.76 Billion | -16.00% |
| 2010-12-31 | HK$2.09 Billion | +15.62% |
| 2009-12-31 | HK$1.81 Billion | +56.55% |
| 2008-12-31 | HK$1.16 Billion | -22.53% |
| 2007-12-31 | HK$1.49 Billion | +52.10% |
| 2006-12-31 | HK$980.38 Million | +9.22% |
| 2005-12-31 | HK$897.65 Million | +5.59% |
| 2004-12-31 | HK$850.15 Million | +10.90% |
| 2003-12-31 | HK$766.59 Million | +4.80% |
| 2002-12-31 | HK$731.52 Million | -43.09% |
| 2001-12-31 | HK$1.29 Billion | -29.16% |
| 2000-12-31 | HK$1.81 Billion | +14.44% |
| 1999-12-31 | HK$1.59 Billion | +2.28% |
| 1998-12-31 | HK$1.55 Billion | +9.37% |
| 1997-12-31 | HK$1.42 Billion | +8.42% |
| 1996-12-31 | HK$1.31 Billion | +247.66% |
| 1995-12-31 | HK$376.02 Million | +27.91% |
| 1994-12-31 | HK$293.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changchai 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 96973.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$983.63 Million | 29.25% |
| Common Stock | HK$705.69 Million | 20.99% |
| Other Components | HK$1.67 Billion | 49.76% |
| Total Equity | HK$3.36 Billion | 100.00% |
Changchai Co Ltd Competitors by Market Cap
The table below lists competitors of Changchai Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ever Fortune.AI Co. Ltd.
TWO:6841
|
$115.59 Million |
|
Sinyi Realty Inc
TW:9940
|
$115.63 Million |
|
Gujarat Alkalies and Chemicals Limited
NSE:GUJALKALI
|
$115.64 Million |
|
Avita Medical Ltd
NASDAQ:RCEL
|
$115.68 Million |
|
Beijing Navigation Control Technology Co. Ltd.
SHG:688282
|
$115.55 Million |
|
Pulmuone Holdi
KO:017810
|
$115.54 Million |
|
DUKSAN TECHOPIA Co.Ltd
KQ:317330
|
$115.53 Million |
|
eGain Corporation
NASDAQ:EGAN
|
$115.49 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changchai Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,398,946,911 to 3,362,683,464, a change of -36,263,447 (-1.1%).
- Net income of 18,489,896 contributed positively to equity growth.
- Dividend payments of 33,168,340 reduced retained earnings.
- Other comprehensive income decreased equity by 706,783,842.
- Other factors increased equity by 685,198,839.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$18.49 Million | +0.55% |
| Dividends Paid | HK$33.17 Million | -0.99% |
| Other Comprehensive Income | HK$-706.78 Million | -21.02% |
| Other Changes | HK$685.20 Million | +20.38% |
| Total Change | HK$- | -1.07% |
Book Value vs Market Value Analysis
This analysis compares Changchai 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: 0.40x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.06x to 0.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | HK$1.79 | HK$1.90 | x |
| 2007-12-31 | HK$2.65 | HK$1.90 | x |
| 2008-12-31 | HK$2.05 | HK$1.90 | x |
| 2009-12-31 | HK$3.22 | HK$1.90 | x |
| 2010-12-31 | HK$3.62 | HK$1.90 | x |
| 2011-12-31 | HK$2.97 | HK$1.90 | x |
| 2012-12-31 | HK$3.33 | HK$1.90 | x |
| 2013-12-31 | HK$3.11 | HK$1.90 | x |
| 2014-12-31 | HK$3.32 | HK$1.90 | x |
| 2015-12-31 | HK$3.66 | HK$1.90 | x |
| 2016-12-31 | HK$4.09 | HK$1.90 | x |
| 2017-12-31 | HK$3.87 | HK$1.90 | x |
| 2018-12-31 | HK$3.63 | HK$1.90 | x |
| 2019-12-31 | HK$3.76 | HK$1.90 | x |
| 2020-12-31 | HK$4.05 | HK$1.90 | x |
| 2021-12-31 | HK$4.95 | HK$1.90 | x |
| 2022-12-31 | HK$4.66 | HK$1.90 | x |
| 2023-12-31 | HK$4.82 | HK$1.90 | x |
| 2024-12-31 | HK$4.76 | HK$1.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changchai 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): 0.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.77%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.60x
- Recent ROE (0.55%) is below the historical average (3.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 13.29% | 3.65% | 1.68x | 2.17x | HK$9.60 Million |
| 1995 | 55.14% | 9.20% | 2.16x | 2.78x | HK$163.96 Million |
| 1996 | 19.30% | 8.63% | 1.06x | 2.11x | HK$114.74 Million |
| 1997 | 16.88% | 8.19% | 0.92x | 2.24x | HK$91.08 Million |
| 1998 | 10.70% | 5.59% | 0.79x | 2.43x | HK$10.10 Million |
| 1999 | 6.78% | 3.20% | 0.91x | 2.34x | HK$-47.08 Million |
| 2000 | 2.34% | 1.77% | 0.63x | 2.11x | HK$-129.80 Million |
| 2001 | -30.77% | -21.88% | 0.60x | 2.36x | HK$-505.37 Million |
| 2002 | -64.64% | -30.22% | 0.72x | 2.96x | HK$-551.34 Million |
| 2003 | 6.93% | 3.52% | 0.79x | 2.48x | HK$-24.11 Million |
| 2004 | 5.40% | 2.77% | 0.90x | 2.17x | HK$-39.25 Million |
| 2005 | 5.46% | 2.66% | 1.01x | 2.03x | HK$-40.93 Million |
| 2006 | 10.74% | 5.75% | 1.02x | 1.82x | HK$7.32 Million |
| 2007 | 11.34% | 8.23% | 0.88x | 1.56x | HK$19.80 Million |
| 2008 | -7.32% | -4.40% | 1.01x | 1.65x | HK$-198.78 Million |
| 2009 | 12.74% | 9.49% | 0.82x | 1.64x | HK$49.29 Million |
| 2010 | 5.80% | 4.24% | 0.83x | 1.65x | HK$-87.32 Million |
| 2011 | 3.03% | 1.68% | 1.09x | 1.65x | HK$-121.41 Million |
| 2012 | 3.00% | 1.88% | 0.95x | 1.69x | HK$-129.09 Million |
| 2013 | 4.18% | 2.59% | 0.96x | 1.68x | HK$-105.25 Million |
| 2014 | 3.31% | 2.58% | 0.79x | 1.63x | HK$-129.49 Million |
| 2015 | 3.55% | 2.82% | 0.78x | 1.61x | HK$-129.19 Million |
| 2016 | 2.69% | 2.74% | 0.61x | 1.60x | HK$-169.83 Million |
| 2017 | 2.06% | 1.91% | 0.65x | 1.66x | HK$-178.46 Million |
| 2018 | 3.05% | 2.92% | 0.60x | 1.73x | HK$-142.08 Million |
| 2019 | 1.18% | 1.22% | 0.59x | 1.65x | HK$-186.12 Million |
| 2020 | 2.31% | 2.28% | 0.58x | 1.74x | HK$-174.90 Million |
| 2021 | 3.35% | 4.20% | 0.50x | 1.58x | HK$-204.75 Million |
| 2022 | 2.33% | 3.51% | 0.42x | 1.59x | HK$-251.79 Million |
| 2023 | 3.19% | 5.03% | 0.42x | 1.52x | HK$-231.40 Million |
| 2024 | 0.55% | 0.77% | 0.45x | 1.60x | HK$-317.78 Million |
Industry Comparison
This section compares Changchai Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,617,026,103
- Average return on equity (ROE) among peers: -4.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changchai Co Ltd (200570) | HK$3.58 Billion | 13.29% | 0.54x | $115.57 Million |
| Huayi Compressor Co Ltd (000404) | $4.62 Billion | 6.27% | 1.54x | $429.80 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.35 Billion | 5.85% | 4.43x | $1.30 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $4.17 Billion | 9.29% | 0.24x | $1.89 Billion |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $662.52 Million | -12.74% | 0.81x | $532.11 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.00 Billion | 11.10% | 0.64x | $862.25 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.14 Billion | 2.85% | 0.24x | $710.68 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $738.26 Million | 5.61% | 0.59x | $793.06 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $741.03 Million | 6.19% | 0.61x | $499.41 Million |
| Weichai Heavy Machinery Co Ltd (000880) | $278.77 Million | -76.50% | 2.50x | $761.71 Million |