CIMC Vehicles (Group) Co. Ltd.
CIMC Vehicles (Group) Co., Ltd. designs, produces, sells, and services semi-trailers worldwide. The company engages in the wholesale and retail of vehicles, auto parts, and metal materials; processing and manufacture of general mechanical products; and metal structures and related businesses. It also provides chassis, tractors, related spare parts, trailers and accessories, auto parts, containers… Read more
CIMC Vehicles (Group) Co. Ltd. (301039) - Net Assets
Latest net assets as of June 2025: CN¥14.96 Billion CNY
Based on the latest financial reports, CIMC Vehicles (Group) Co. Ltd. (301039) has net assets worth CN¥14.96 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¥23.15 Billion) and total liabilities (CN¥8.20 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¥14.96 Billion |
| % of Total Assets | 64.61% |
| Annual Growth Rate | 7.89% |
| 5-Year Change | 42.99% |
| 10-Year Change | N/A |
| Growth Volatility | 8.12 |
CIMC Vehicles (Group) Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how CIMC Vehicles (Group) 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 CIMC Vehicles (Group) Co. Ltd. (2019–2024)
The table below shows the annual net assets of CIMC Vehicles (Group) Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥14.94 Billion | -3.28% |
| 2023-12-31 | CN¥15.45 Billion | +15.62% |
| 2022-12-31 | CN¥13.36 Billion | +7.86% |
| 2021-12-31 | CN¥12.39 Billion | +18.55% |
| 2020-12-31 | CN¥10.45 Billion | +2.23% |
| 2019-12-31 | CN¥10.22 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to CIMC Vehicles (Group) 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 80.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.77 Billion | 54.04% |
| Other Components | CN¥6.61 Billion | 45.96% |
| Total Equity | CN¥14.38 Billion | 100.00% |
CIMC Vehicles (Group) Co. Ltd. Competitors by Market Cap
The table below lists competitors of CIMC Vehicles (Group) Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bonree Data Technology Co Ltd
SHG:688229
|
$246.92 Million |
|
PTBKF
PINK:PTBKF
|
$246.94 Million |
|
Shenzhen Vital New Material Co. Ltd.
SHE:301319
|
$247.06 Million |
|
Honest Company Inc
NASDAQ:HNST
|
$247.06 Million |
|
Sok Marketler Ticaret As
IS:SOKM
|
$246.75 Million |
|
PRIMIS FINANCIAL DL-01
F:7H80
|
$246.73 Million |
|
Hwaway Tech Corp Ltd
SHE:001380
|
$246.71 Million |
|
Grab Holdings Limited Warrant
NASDAQ:GRABW
|
$246.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CIMC Vehicles (Group) Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,808,858,147 to 14,381,208,915, a change of -427,649,232 (-2.9%).
- Net income of 1,085,368,583 contributed positively to equity growth.
- Dividend payments of 556,529,137 reduced retained earnings.
- Other factors decreased equity by 956,488,678.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.09 Billion | +7.55% |
| Dividends Paid | CN¥556.53 Million | -3.87% |
| Other Changes | CN¥-956.49 Million | -6.65% |
| Total Change | CN¥- | -2.89% |
Book Value vs Market Value Analysis
This analysis compares CIMC Vehicles (Group) 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: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.64x to 0.92x 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¥5.52 | CN¥9.07 | x |
| 2020-12-31 | CN¥2.82 | CN¥9.07 | x |
| 2021-12-31 | CN¥5.82 | CN¥9.07 | x |
| 2022-12-31 | CN¥4.92 | CN¥9.07 | x |
| 2023-12-31 | CN¥5.74 | CN¥9.07 | x |
| 2024-12-31 | CN¥9.89 | CN¥9.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CIMC Vehicles (Group) 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): 7.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.17%
- • Asset Turnover: 0.93x
- • Equity Multiplier: 1.58x
- Recent ROE (7.55%) is below the historical average (10.73%), 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 | 12.42% | 5.21% | 1.24x | 1.92x | CN¥235.59 Million |
| 2020 | 11.36% | 4.27% | 1.34x | 1.99x | CN¥135.32 Million |
| 2021 | 7.67% | 3.26% | 1.27x | 1.86x | CN¥-273.14 Million |
| 2022 | 8.80% | 4.73% | 1.06x | 1.75x | CN¥-152.02 Million |
| 2023 | 16.58% | 9.79% | 1.05x | 1.61x | CN¥974.78 Million |
| 2024 | 7.55% | 5.17% | 0.93x | 1.58x | CN¥-352.75 Million |
Industry Comparison
This section compares CIMC Vehicles (Group) Co. Ltd.'s net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CIMC Vehicles (Group) Co. Ltd. (301039) | CN¥14.96 Billion | 12.42% | 0.55x | $246.92 Million |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |