Mianyang Fulin Precision Machining Co Ltd (300432) - Net Assets
Based on the latest financial reports, Mianyang Fulin Precision Machining Co Ltd (300432) has net assets worth CN¥5.30 Billion CNY (≈ $775.66 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.01 Billion ≈ $2.05 Billion USD) and total liabilities (CN¥8.71 Billion ≈ $1.27 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 300432 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.30 Billion |
| % of Total Assets | 37.84% |
| Annual Growth Rate | 30.47% |
| 5-Year Change | 100.31% |
| 10-Year Change | 45.52% |
| Growth Volatility | 78.4 |
Mianyang Fulin Precision Machining Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Mianyang Fulin Precision Machining Co Ltd's net assets have evolved over time, based on quarterly financial data. See Mianyang Fulin Precision Machining Co Lt (300432) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mianyang Fulin Precision Machining Co Ltd (2011–2025)
The table below shows the annual net assets of Mianyang Fulin Precision Machining Co Ltd from 2011 to 2025. For live valuation and market cap data, see market value of Mianyang Fulin Precision Machining Co Lt.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.07 Billion ≈ $742.06 Million |
+17.90% |
| 2024-12-31 | CN¥4.30 Billion ≈ $629.38 Million |
+7.12% |
| 2023-12-31 | CN¥4.02 Billion ≈ $587.55 Million |
-16.87% |
| 2022-12-31 | CN¥4.83 Billion ≈ $706.79 Million |
+90.79% |
| 2021-12-31 | CN¥2.53 Billion ≈ $370.46 Million |
+21.87% |
| 2020-12-31 | CN¥2.08 Billion ≈ $303.97 Million |
+18.84% |
| 2019-12-31 | CN¥1.75 Billion ≈ $255.79 Million |
+5.97% |
| 2018-12-31 | CN¥1.65 Billion ≈ $241.38 Million |
-59.09% |
| 2017-12-31 | CN¥4.03 Billion ≈ $590.07 Million |
+15.72% |
| 2016-12-31 | CN¥3.48 Billion ≈ $509.94 Million |
+283.31% |
| 2015-12-31 | CN¥909.13 Million ≈ $133.03 Million |
+127.00% |
| 2014-12-31 | CN¥400.51 Million ≈ $58.61 Million |
+46.72% |
| 2013-12-31 | CN¥272.98 Million ≈ $39.95 Million |
+52.07% |
| 2012-12-31 | CN¥179.51 Million ≈ $26.27 Million |
+46.70% |
| 2011-12-31 | CN¥122.37 Million ≈ $17.91 Million |
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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 689.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥425.83 Million | 9.06% |
| Other Components | CN¥4.27 Billion | 90.94% |
| Total Equity | CN¥4.70 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 |
|---|---|
|
Northam Platinum Holdings Ltd
JSE:NPH
|
$5.90 Billion |
|
SHISEIDO CO. ADR
F:SHDA
|
$5.90 Billion |
|
First International Bank of Israel Ltd
TA:FIBI
|
$5.90 Billion |
|
China Resources Sanjiu Medical & Pharmaceutical Co Ltd
SHE:000999
|
$5.91 Billion |
|
MRF Limited
NSE:MRF
|
$5.89 Billion |
|
Hanwha
KO:000880
|
$5.89 Billion |
|
Capital Financial Indonesia Tbk PT
JK:CASA
|
$5.89 Billion |
|
China Coal Energy Company Limited
F:CVV
|
$5.89 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 2024 to 2025, total equity changed from 4,216,405,214 to 4,697,718,699, a change of 481,313,485 (11.4%).
- Net income of 427,559,748 contributed positively to equity growth.
- Dividend payments of 176,824,486 reduced retained earnings.
- Other comprehensive income decreased equity by 58,308,032.
- Other factors increased equity by 288,886,255.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥427.56 Million | +9.1% |
| Dividends Paid | CN¥176.82 Million | -3.76% |
| Other Comprehensive Income | CN¥-58.31 Million | -1.24% |
| Other Changes | CN¥288.89 Million | +6.15% |
| Total Change | CN¥- | 11.42% |
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: 8.57x
- 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 133.73x to 8.57x 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¥23.56 | x |
| 2012-12-31 | CN¥0.26 | CN¥23.56 | x |
| 2013-12-31 | CN¥0.40 | CN¥23.56 | x |
| 2014-12-31 | CN¥0.41 | CN¥23.56 | x |
| 2015-12-31 | CN¥0.84 | CN¥23.56 | x |
| 2016-12-31 | CN¥2.71 | CN¥23.56 | x |
| 2017-12-31 | CN¥2.21 | CN¥23.56 | x |
| 2018-12-31 | CN¥0.92 | CN¥23.56 | x |
| 2019-12-31 | CN¥1.06 | CN¥23.56 | x |
| 2020-12-31 | CN¥1.34 | CN¥23.56 | x |
| 2021-12-31 | CN¥1.58 | CN¥23.56 | x |
| 2022-12-31 | CN¥2.84 | CN¥23.56 | x |
| 2023-12-31 | CN¥2.36 | CN¥23.56 | x |
| 2024-12-31 | CN¥2.47 | CN¥23.56 | x |
| 2025-12-31 | CN¥2.75 | CN¥23.56 | 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): 9.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.17%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.95x
- Recent ROE (9.10%) is above the historical average (7.14%), 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 |
| 2025 | 9.10% | 3.17% | 0.97x | 2.95x | CN¥-42.21 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: $3,421,590,511
- Average return on equity (ROE) among peers: 7.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mianyang Fulin Precision Machining Co Ltd (300432) | CN¥5.30 Billion | 33.39% | 1.64x | $5.89 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $9.28 Billion | 7.29% | 0.94x | $1.07 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $6.69 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $18.43 Billion | 0.64% | 0.55x | $2.08 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $77.69 Million | 26.52% | 2.33x | $1.01 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $1.58 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $135.45 Million | 0.00% | 0.93x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $530.98 Million | 0.92% | 1.48x | $675.92 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.20 Billion | 6.30% | 2.26x | $2.16 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $294.66 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $537.43 Million | 18.21% | 0.61x | $4.31 Billion |
About 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 and internationally. It offers precision hydraulic components, including tappets, rocker arms, nozzles, tensioners, and cylinder direct injection high-pressure oil pump housings; electromagnetic drive precision parts comprising electric variable valve timing system (VVT), h… Read more