Mianyang Fulin Precision Machining Co Ltd
Fulin Precision Co., Ltd. engages in the research and development, manufacture, and sale of automotive engine parts in China. It offers precision hydraulic components, including tappets, rocker arms, nozzles, tensioners, and direct injection high-pressure oil pump housings; electromagnetic drive precision parts comprising electric variable valve timing system (VVT), hydraulic HVVT, variable valve… Read more
Mianyang Fulin Precision Machining Co Ltd (300432) - Net Assets
Latest net assets as of September 2025: CN¥4.95 Billion CNY
Based on the latest financial reports, Mianyang Fulin Precision Machining Co Ltd (300432) has net assets worth CN¥4.95 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¥13.61 Billion) and total liabilities (CN¥8.66 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¥4.95 Billion |
| % of Total Assets | 36.35% |
| Annual Growth Rate | 31.49% |
| 5-Year Change | 107.05% |
| 10-Year Change | 373.09% |
| Growth Volatility | 80.92 |
Mianyang Fulin Precision Machining Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Mianyang Fulin Precision Machining 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 Mianyang Fulin Precision Machining Co Ltd (2011–2024)
The table below shows the annual net assets of Mianyang Fulin Precision Machining Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.30 Billion | +7.12% |
| 2023-12-31 | CN¥4.02 Billion | -16.87% |
| 2022-12-31 | CN¥4.83 Billion | +90.79% |
| 2021-12-31 | CN¥2.53 Billion | +21.87% |
| 2020-12-31 | CN¥2.08 Billion | +18.84% |
| 2019-12-31 | CN¥1.75 Billion | +5.97% |
| 2018-12-31 | CN¥1.65 Billion | -59.09% |
| 2017-12-31 | CN¥4.03 Billion | +15.72% |
| 2016-12-31 | CN¥3.48 Billion | +283.31% |
| 2015-12-31 | CN¥909.13 Million | +127.00% |
| 2014-12-31 | CN¥400.51 Million | +46.72% |
| 2013-12-31 | CN¥272.98 Million | +52.07% |
| 2012-12-31 | CN¥179.51 Million | +46.70% |
| 2011-12-31 | CN¥122.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mianyang Fulin Precision Machining 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 127.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥122.64 Million | 2.91% |
| Common Stock | CN¥1.22 Billion | 28.96% |
| Other Comprehensive Income | CN¥58.31 Million | 1.38% |
| Other Components | CN¥2.81 Billion | 66.74% |
| Total Equity | CN¥4.22 Billion | 100.00% |
Mianyang Fulin Precision Machining Co Ltd Competitors by Market Cap
The table below lists competitors of Mianyang Fulin Precision Machining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
$2.57 Billion |
|
Guangdong HongDa Blasting Co Ltd
SHE:002683
|
$2.57 Billion |
|
Scorpio Tankers Inc
NYSE:STNG
|
$2.57 Billion |
|
Interpump Group S.p.A.
LSE:0EWD
|
$2.57 Billion |
|
Beijing Ultrapower Software
SHE:300002
|
$2.57 Billion |
|
China Resources Double-Crane Pharmaceutical Co Ltd
SHG:600062
|
$2.56 Billion |
|
Curbline Properties Corp.
NYSE:CURB
|
$2.56 Billion |
|
Prestige Consumer Healthcare Inc
F:PBV
|
$2.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mianyang Fulin Precision Machining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,018,654,906 to 4,216,405,214, a change of 197,750,308 (4.9%).
- Net income of 396,779,412 contributed positively to equity growth.
- Dividend payments of 31,583,097 reduced retained earnings.
- Share repurchases of 8,147,022 reduced equity.
- Other comprehensive income increased equity by 54,248,762.
- Other factors decreased equity by 213,547,747.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥396.78 Million | +9.41% |
| Dividends Paid | CN¥31.58 Million | -0.75% |
| Share Repurchases | CN¥8.15 Million | -0.19% |
| Other Comprehensive Income | CN¥54.25 Million | +1.29% |
| Other Changes | CN¥-213.55 Million | -5.06% |
| Total Change | CN¥- | 4.92% |
Book Value vs Market Value Analysis
This analysis compares Mianyang Fulin Precision Machining 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: 5.40x
- 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 106.03x to 5.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.18 | CN¥18.68 | x |
| 2012-12-31 | CN¥0.26 | CN¥18.68 | x |
| 2013-12-31 | CN¥0.40 | CN¥18.68 | x |
| 2014-12-31 | CN¥0.46 | CN¥18.68 | x |
| 2015-12-31 | CN¥1.18 | CN¥18.68 | x |
| 2016-12-31 | CN¥3.80 | CN¥18.68 | x |
| 2017-12-31 | CN¥3.10 | CN¥18.68 | x |
| 2018-12-31 | CN¥1.28 | CN¥18.68 | x |
| 2019-12-31 | CN¥1.48 | CN¥18.68 | x |
| 2020-12-31 | CN¥1.88 | CN¥18.68 | x |
| 2021-12-31 | CN¥2.28 | CN¥18.68 | x |
| 2022-12-31 | CN¥3.97 | CN¥18.68 | x |
| 2023-12-31 | CN¥3.30 | CN¥18.68 | x |
| 2024-12-31 | CN¥3.46 | CN¥18.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mianyang Fulin Precision Machining 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): 9.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.68%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.29x
- Recent ROE (9.41%) is above the historical average (7.00%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 33.39% | 14.49% | 0.98x | 2.36x | CN¥28.62 Million |
| 2012 | 31.83% | 15.61% | 0.90x | 2.27x | CN¥39.19 Million |
| 2013 | 34.24% | 17.44% | 0.90x | 2.17x | CN¥66.17 Million |
| 2014 | 34.32% | 19.55% | 0.91x | 1.93x | CN¥96.93 Million |
| 2015 | 19.11% | 20.21% | 0.64x | 1.47x | CN¥82.79 Million |
| 2016 | 6.57% | 19.53% | 0.26x | 1.28x | CN¥-119.65 Million |
| 2017 | 9.22% | 15.94% | 0.42x | 1.37x | CN¥-31.35 Million |
| 2018 | -141.06% | -157.17% | 0.45x | 1.98x | CN¥-2.49 Billion |
| 2019 | 29.38% | 34.01% | 0.56x | 1.54x | CN¥339.12 Million |
| 2020 | 15.88% | 17.90% | 0.58x | 1.52x | CN¥122.21 Million |
| 2021 | 15.75% | 15.02% | 0.51x | 2.06x | CN¥145.64 Million |
| 2022 | 13.48% | 8.78% | 0.88x | 1.74x | CN¥166.43 Million |
| 2023 | -13.51% | -9.42% | 0.63x | 2.27x | CN¥-944.59 Million |
| 2024 | 9.41% | 4.68% | 0.88x | 2.29x | CN¥-24.86 Million |
Industry Comparison
This section compares Mianyang Fulin Precision Machining 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 |
|---|---|---|---|---|
| Mianyang Fulin Precision Machining Co Ltd (300432) | CN¥4.95 Billion | 33.39% | 1.75x | $2.57 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 |