Zhejiang Xinchai Co. Ltd. (301032) - Net Assets
Based on the latest financial reports, Zhejiang Xinchai Co. Ltd. (301032) has net assets worth CN¥1.19 Billion CNY (≈ $174.57 Million USD) 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 ≈ $417.66 Million USD) and total liabilities (CN¥1.66 Billion ≈ $243.09 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 301032 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore how large is Zhejiang Xinchai Co. Ltd.'s balance sheet for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Zhejiang Xinchai Co. Ltd. market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.17 Billion ≈ $171.80 Million |
+6.28% |
| 2023-12-31 | CN¥1.10 Billion ≈ $161.64 Million |
+2.35% |
| 2022-12-31 | CN¥1.08 Billion ≈ $157.93 Million |
+0.53% |
| 2021-12-31 | CN¥1.07 Billion ≈ $157.10 Million |
+42.43% |
| 2020-12-31 | CN¥753.79 Million ≈ $110.30 Million |
+14.12% |
| 2019-12-31 | CN¥660.50 Million ≈ $96.65 Million |
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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 |
|---|---|
|
Schoeller-Bleckmann Oilfield Equipment Aktiengesellschaft
VI:SBO
|
$457.02 Million |
|
Guangdong Transtek Medical Electronics Co Ltd
SHE:300562
|
$457.14 Million |
|
Xinjiang International Industry Co Ltd
SHE:000159
|
$457.21 Million |
|
Nuveen Multi-Asset Income Fund
NYSE:NMAI
|
$457.26 Million |
|
Guilin Tourism Corp Ltd
SHE:000978
|
$456.91 Million |
|
First Mining Gold Corp
TO:FF
|
$456.82 Million |
|
BAIC Motor Corp Ltd
F:2B5
|
$456.78 Million |
|
Boiron SA
PA:BOI
|
$456.63 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: 2.67x
- 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 3.55x to 2.67x 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¥12.95 | x |
| 2020-12-31 | CN¥4.17 | CN¥12.95 | x |
| 2021-12-31 | CN¥4.45 | CN¥12.95 | x |
| 2022-12-31 | CN¥4.45 | CN¥12.95 | x |
| 2023-12-31 | CN¥4.56 | CN¥12.95 | x |
| 2024-12-31 | CN¥4.86 | CN¥12.95 | 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: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
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 | $456.95 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About 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