Essence Fastening Systems (Shanghai) Co. Ltd.
Essence Fastening Systems (Shanghai) Co., Ltd. engages in the research and development, production, and sale of high-strength and high-precision fasteners and special-shaped parts for automobile systems in China. The company offers automotive fasteners, special-shaped connectors, plastic functional parts and fasteners, and car exhaust systems, as well as fastening and connection of interior and e… Read more
Essence Fastening Systems (Shanghai) Co. Ltd. (301005) - Net Assets
Latest net assets as of June 2025: CN¥767.23 Million CNY
Based on the latest financial reports, Essence Fastening Systems (Shanghai) Co. Ltd. (301005) has net assets worth CN¥767.23 Million CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.21 Billion) and total liabilities (CN¥446.63 Million). 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¥767.23 Million |
| % of Total Assets | 63.21% |
| Annual Growth Rate | 27.53% |
| 5-Year Change | 179.47% |
| 10-Year Change | N/A |
| Growth Volatility | 73.82 |
Essence Fastening Systems (Shanghai) Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Essence Fastening Systems (Shanghai) 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 Essence Fastening Systems (Shanghai) Co. Ltd. (2019–2024)
The table below shows the annual net assets of Essence Fastening Systems (Shanghai) Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥752.78 Million | -9.53% |
| 2023-12-31 | CN¥832.08 Million | -4.13% |
| 2022-12-31 | CN¥867.96 Million | +12.14% |
| 2021-12-31 | CN¥773.97 Million | +187.34% |
| 2020-12-31 | CN¥269.36 Million | +20.74% |
| 2019-12-31 | CN¥223.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Essence Fastening Systems (Shanghai) 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 121.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥169.59 Million | 22.69% |
| Other Components | CN¥577.80 Million | 77.31% |
| Total Equity | CN¥747.39 Million | 100.00% |
Essence Fastening Systems (Shanghai) Co. Ltd. Competitors by Market Cap
The table below lists competitors of Essence Fastening Systems (Shanghai) Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Flywire Corp
NASDAQ:FLYW
|
$1.09 Billion |
|
Jaiprakash Power Ventures Limited
NSE:JPPOWER
|
$1.09 Billion |
|
Europris ASA
OL:EPR
|
$1.09 Billion |
|
CIBUS NORDIC REAL
F:6N5
|
$1.09 Billion |
|
Procter & Gamble Hygiene and Health Care Limited
NSE:PGHH
|
$1.09 Billion |
|
Beijer Alma AB Series B
LSE:0YG7
|
$1.09 Billion |
|
Beijer Alma AB (publ)
ST:BEIA-B
|
$1.09 Billion |
|
Flow Traders BV
AS:FLOW
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Essence Fastening Systems (Shanghai) Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 795,797,575 to 747,387,677, a change of -48,409,897 (-6.1%).
- Net income of 10,615,648 contributed positively to equity growth.
- Dividend payments of 13,802,646 reduced retained earnings.
- Other factors decreased equity by 45,222,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.62 Million | +1.42% |
| Dividends Paid | CN¥13.80 Million | -1.85% |
| Other Changes | CN¥-45.22 Million | -6.05% |
| Total Change | CN¥- | -6.08% |
Book Value vs Market Value Analysis
This analysis compares Essence Fastening Systems (Shanghai) 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: 25.21x
- 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 48.31x to 25.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.89 | CN¥139.73 | x |
| 2020-12-31 | CN¥2.69 | CN¥139.73 | x |
| 2021-12-31 | CN¥5.79 | CN¥139.73 | x |
| 2022-12-31 | CN¥5.99 | CN¥139.73 | x |
| 2023-12-31 | CN¥5.86 | CN¥139.73 | x |
| 2024-12-31 | CN¥5.54 | CN¥139.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Essence Fastening Systems (Shanghai) 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): 1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.68%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.61x
- Recent ROE (1.42%) is below the historical average (11.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 19.82% | 14.42% | 0.96x | 1.42x | CN¥21.90 Million |
| 2020 | 30.17% | 23.58% | 0.87x | 1.47x | CN¥54.34 Million |
| 2021 | 9.80% | 19.26% | 0.45x | 1.14x | CN¥-1.53 Million |
| 2022 | 7.66% | 13.23% | 0.41x | 1.40x | CN¥-19.00 Million |
| 2023 | 2.96% | 4.78% | 0.43x | 1.43x | CN¥-56.00 Million |
| 2024 | 1.42% | 1.68% | 0.52x | 1.61x | CN¥-64.12 Million |
Industry Comparison
This section compares Essence Fastening Systems (Shanghai) Co. Ltd.'s net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,647,842,907
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Essence Fastening Systems (Shanghai) Co. Ltd. (301005) | CN¥767.23 Million | 19.82% | 0.58x | $1.09 Billion |
| Shandong Tengda Fasten Tech (001379) | $1.46 Billion | 5.24% | 0.48x | $185.77 Million |
| Bosun Tools Co Ltd (002282) | $213.66 Million | 25.32% | 0.75x | $216.27 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $386.64 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.31 Billion | 0.60% | 0.21x | $318.26 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $3.97 Billion | 12.23% | 0.37x | $2.93 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $427.79 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $357.28 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $610.40 Million | 8.30% | 0.14x | $432.29 Million |
| Wafangdian Bearing Co Ltd (200706) | $931.76 Million | 11.83% | 0.98x | $24.70 Million |
| Beijing Dinghan Tech Co (300011) | $1.96 Billion | 2.18% | 0.85x | $428.69 Million |