Essence Fastening Systems (Shanghai) Co. Ltd. (301005) - Net Assets
Based on the latest financial reports, Essence Fastening Systems (Shanghai) Co. Ltd. (301005) has net assets worth CN¥775.20 Million CNY (≈ $113.44 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.25 Billion ≈ $182.37 Million USD) and total liabilities (CN¥471.11 Million ≈ $68.94 Million 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 301005 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥775.20 Million |
| % of Total Assets | 62.2% |
| Annual Growth Rate | 33.81% |
| 5-Year Change | 179.47% |
| 10-Year Change | N/A |
| Growth Volatility | 65.14 |
Essence Fastening Systems (Shanghai) Co. Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how Essence Fastening Systems (Shanghai) Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Essence Fastening Systems (Shanghai) Co. total assets for the complete picture of this company's asset base.
Annual Net Assets for Essence Fastening Systems (Shanghai) Co. Ltd. (2017–2024)
The table below shows the annual net assets of Essence Fastening Systems (Shanghai) Co. Ltd. from 2017 to 2024. For live valuation and market cap data, see how much is Essence Fastening Systems (Shanghai) Co. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥752.78 Million ≈ $110.15 Million |
-9.53% |
| 2023-12-31 | CN¥832.08 Million ≈ $121.76 Million |
-4.13% |
| 2022-12-31 | CN¥867.96 Million ≈ $127.01 Million |
+12.14% |
| 2021-12-31 | CN¥773.97 Million ≈ $113.26 Million |
+187.34% |
| 2020-12-31 | CN¥269.36 Million ≈ $39.42 Million |
+20.74% |
| 2019-12-31 | CN¥223.08 Million ≈ $32.64 Million |
+21.25% |
| 2018-12-31 | CN¥183.99 Million ≈ $26.92 Million |
+87.74% |
| 2017-12-31 | CN¥98.00 Million ≈ $14.34 Million |
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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 836.5% 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% |
| Common Stock | CN¥134.86 Million | 18.04% |
| Other Components | CN¥442.94 Million | 59.26% |
| 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 |
|---|---|
|
TransMedics Group Inc
NASDAQ:TMDX
|
$3.43 Billion |
|
Viohalco S.A
BR:VIO
|
$3.43 Billion |
|
SIASUN Robot Automation Co
SHE:300024
|
$3.43 Billion |
|
Nuscale Power Corp
NYSE:SMR
|
$3.43 Billion |
|
China Airlines Ltd
TW:2610
|
$3.43 Billion |
|
Willscot Mobile Mini Holdings Corp A
NASDAQ:WSC
|
$3.43 Billion |
|
Centerra Gold Inc
TO:CG
|
$3.43 Billion |
|
Transcend Information Inc
TW:2451
|
$3.43 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 795,797,574 to 747,387,677, a change of -48,409,897 (-6.1%).
- Net income of 10,615,649 contributed positively to equity growth.
- Dividend payments of 13,802,645 reduced retained earnings.
- Share repurchases of 36,175,167 reduced equity.
- Other factors decreased equity by 9,047,734.
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% |
| Share Repurchases | CN¥36.18 Million | -4.84% |
| Other Changes | CN¥-9.05 Million | -1.21% |
| 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: 31.00x
- 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 157.76x to 31.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.11 | CN¥174.60 | x |
| 2018-12-31 | CN¥1.85 | CN¥174.60 | x |
| 2019-12-31 | CN¥2.23 | CN¥174.60 | x |
| 2020-12-31 | CN¥2.69 | CN¥174.60 | x |
| 2021-12-31 | CN¥6.59 | CN¥174.60 | x |
| 2022-12-31 | CN¥6.03 | CN¥174.60 | x |
| 2023-12-31 | CN¥5.74 | CN¥174.60 | x |
| 2024-12-31 | CN¥5.63 | CN¥174.60 | 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 (12.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 4.10% | 1.42% | 1.21x | 2.38x | CN¥-5.70 Million |
| 2018 | 24.69% | 15.02% | 1.11x | 1.48x | CN¥27.04 Million |
| 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: $1,221,799,146
- Average return on equity (ROE) among peers: 15.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Essence Fastening Systems (Shanghai) Co. Ltd. (301005) | CN¥775.20 Million | 4.10% | 0.61x | $3.43 Billion |
| Bosun Tools Co Ltd (002282) | $3.47 Billion | 3.71% | 0.13x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $670.77 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $200.12 Million | 86.55% | 2.62x | $537.47 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $5.98 Billion |
| Geron Co Ltd (002722) | $1.91 Billion | 3.09% | 0.60x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $743.83 Million | 8.69% | 0.52x | $2.16 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $532.49 Million | 21.79% | 0.53x | $950.76 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $1.38 Billion | 3.65% | 0.84x | $979.13 Million |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About 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