Zhejiang Xinchai Co. Ltd.
Zhejiang Xinchai Co.,Ltd engages in the research and development, manufacturing, and sale of multi-cylinder diesel engines in China. It offers forklift engines, construction machinery, agricultural engines, gensets engines, and generator sets. The company also exports its products to the Southeast Asia, the Middle East, Europe, the United States, Africa, and internationally. Zhejiang Xinchai Co.,… Read more
Zhejiang Xinchai Co. Ltd. (301032) - Net Assets
Latest net assets as of June 2025: CN¥1.19 Billion CNY
Based on the latest financial reports, Zhejiang Xinchai Co. Ltd. (301032) has net assets worth CN¥1.19 Billion 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¥2.85 Billion) and total liabilities (CN¥1.66 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¥1.19 Billion |
| % of Total Assets | 41.8% |
| Annual Growth Rate | 12.19% |
| 5-Year Change | 55.76% |
| 10-Year Change | N/A |
| Growth Volatility | 15.37 |
Zhejiang Xinchai Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Zhejiang Xinchai 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 Zhejiang Xinchai Co. Ltd. (2019–2024)
The table below shows the annual net assets of Zhejiang Xinchai Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.17 Billion | +6.28% |
| 2023-12-31 | CN¥1.10 Billion | +2.35% |
| 2022-12-31 | CN¥1.08 Billion | +0.53% |
| 2021-12-31 | CN¥1.07 Billion | +42.43% |
| 2020-12-31 | CN¥753.79 Million | +14.12% |
| 2019-12-31 | CN¥660.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Xinchai 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 239.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥340.05 Million | 29.04% |
| Other Components | CN¥831.03 Million | 70.96% |
| Total Equity | CN¥1.17 Billion | 100.00% |
Zhejiang Xinchai Co. Ltd. Competitors by Market Cap
The table below lists competitors of Zhejiang Xinchai Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aurelia Metals Limited
PINK:AUMTF
|
$157.18 Million |
|
BELL AGROMACHINA ORD T (BSE)
NSE:BALUFORGE
|
$157.21 Million |
|
Pacific Current Group Ltd
AU:PAC
|
$157.22 Million |
|
Eris Technology
TWO:3675
|
$157.23 Million |
|
Xiamen R&T Plumbing Technology Co Ltd
SHE:002790
|
$157.11 Million |
|
Jinpu Landscape Architecture Co.Ltd.
SHE:301098
|
$157.11 Million |
|
Dook Media Group Limited
SHE:301025
|
$157.08 Million |
|
Darfon Electronics Corp
TW:8163
|
$157.07 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Xinchai Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,099,107,514 to 1,171,075,251, a change of 71,967,737 (6.5%).
- Net income of 79,106,016 contributed positively to equity growth.
- Dividend payments of 9,171,300 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥79.11 Million | +6.75% |
| Dividends Paid | CN¥9.17 Million | -0.78% |
| Other Changes | CN¥2.03 Million | +0.17% |
| Total Change | CN¥- | 6.55% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Xinchai 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: 2.72x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.61x to 2.72x 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¥3.65 | CN¥13.20 | x |
| 2020-12-31 | CN¥4.17 | CN¥13.20 | x |
| 2021-12-31 | CN¥4.45 | CN¥13.20 | x |
| 2022-12-31 | CN¥4.45 | CN¥13.20 | x |
| 2023-12-31 | CN¥4.56 | CN¥13.20 | x |
| 2024-12-31 | CN¥4.86 | CN¥13.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Xinchai 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): 6.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.50%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 2.23x
- Recent ROE (6.75%) is above the historical average (6.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 8.18% | 2.86% | 0.96x | 2.98x | CN¥-12.03 Million |
| 2020 | 12.43% | 3.81% | 0.96x | 3.41x | CN¥18.31 Million |
| 2021 | 7.42% | 3.21% | 1.00x | 2.32x | CN¥-27.75 Million |
| 2022 | 2.07% | 1.06% | 0.87x | 2.24x | CN¥-85.02 Million |
| 2023 | 2.91% | 1.38% | 0.87x | 2.41x | CN¥-77.95 Million |
| 2024 | 6.75% | 3.50% | 0.87x | 2.23x | CN¥-38.00 Million |
Industry Comparison
This section compares Zhejiang Xinchai 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: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Xinchai Co. Ltd. (301032) | CN¥1.19 Billion | 8.18% | 1.39x | $157.13 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |