Changzhou Xiangming Intelligent Drive System Corporation (301226) - Net Assets
Based on the latest financial reports, Changzhou Xiangming Intelligent Drive System Corporation (301226) has net assets worth CN¥910.87 Million CNY (≈ $133.29 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¥1.04 Billion ≈ $152.10 Million USD) and total liabilities (CN¥128.52 Million ≈ $18.81 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 Changzhou Xiangming Intelligent Drive Sy (301226) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥910.87 Million |
| % of Total Assets | 87.64% |
| Annual Growth Rate | 21.07% |
| 5-Year Change | 136.33% |
| 10-Year Change | N/A |
| Growth Volatility | 39.31 |
Changzhou Xiangming Intelligent Drive System Corporation - Net Assets Trend (2019–2024)
This chart illustrates how Changzhou Xiangming Intelligent Drive System Corporation's net assets have evolved over time, based on quarterly financial data. Also explore Changzhou Xiangming Intelligent Drive Sy (301226) total assets for the complete picture of this company's asset base.
Annual Net Assets for Changzhou Xiangming Intelligent Drive System Corporation (2019–2024)
The table below shows the annual net assets of Changzhou Xiangming Intelligent Drive System Corporation from 2019 to 2024. For live valuation and market cap data, see Changzhou Xiangming Intelligent Drive Sy (301226) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥901.50 Million ≈ $131.92 Million |
-0.30% |
| 2023-12-31 | CN¥904.24 Million ≈ $132.32 Million |
+0.05% |
| 2022-12-31 | CN¥903.78 Million ≈ $132.25 Million |
+103.56% |
| 2021-12-31 | CN¥443.99 Million ≈ $64.97 Million |
+16.39% |
| 2020-12-31 | CN¥381.45 Million ≈ $55.82 Million |
+10.12% |
| 2019-12-31 | CN¥346.40 Million ≈ $50.69 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Changzhou Xiangming Intelligent Drive System Corporation'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 81.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥224.32 Million | 24.88% |
| Other Components | CN¥677.16 Million | 75.12% |
| Total Equity | CN¥901.49 Million | 100.00% |
Changzhou Xiangming Intelligent Drive System Corporation Competitors by Market Cap
The table below lists competitors of Changzhou Xiangming Intelligent Drive System Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SurModics Inc
NASDAQ:SRDX
|
$614.51 Million |
|
Shanghai Morn Electric Equipment Co Ltd
SHE:002451
|
$614.53 Million |
|
Cheng Loong Corp
TW:1904
|
$614.53 Million |
|
Hangzhou CNCR-IT Co Ltd
SHE:300250
|
$614.62 Million |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
$614.35 Million |
|
MarineMax Inc
NYSE:HZO
|
$614.34 Million |
|
Haixia Envrnmnt
SHG:603817
|
$613.98 Million |
|
Basellandschaftliche Kantonalbank
SW:BLKB
|
$613.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Xiangming Intelligent Drive System Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 904,240,861 to 901,489,677, a change of -2,751,184 (-0.3%).
- Net income of 29,301,480 contributed positively to equity growth.
- Dividend payments of 25,024,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥29.30 Million | +3.25% |
| Dividends Paid | CN¥25.02 Million | -2.78% |
| Other Changes | CN¥-7.03 Million | -0.78% |
| Total Change | CN¥- | -0.30% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Xiangming Intelligent Drive System Corporation'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: 4.66x
- 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 5.68x to 4.66x 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¥6.79 | CN¥38.59 | x |
| 2020-12-31 | CN¥4.67 | CN¥38.59 | x |
| 2021-12-31 | CN¥5.44 | CN¥38.59 | x |
| 2022-12-31 | CN¥8.31 | CN¥38.59 | x |
| 2023-12-31 | CN¥8.31 | CN¥38.59 | x |
| 2024-12-31 | CN¥8.29 | CN¥38.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Xiangming Intelligent Drive System Corporation 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): 3.25%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.75%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.13x
- Recent ROE (3.25%) is below the historical average (9.60%), 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 | 12.92% | 8.54% | 1.08x | 1.40x | CN¥10.11 Million |
| 2020 | 15.64% | 10.83% | 1.02x | 1.41x | CN¥21.50 Million |
| 2021 | 14.10% | 8.52% | 1.11x | 1.49x | CN¥18.18 Million |
| 2022 | 7.16% | 10.07% | 0.60x | 1.19x | CN¥-25.63 Million |
| 2023 | 4.54% | 7.05% | 0.56x | 1.16x | CN¥-49.39 Million |
| 2024 | 3.25% | 5.75% | 0.50x | 1.13x | CN¥-60.85 Million |
Industry Comparison
This section compares Changzhou Xiangming Intelligent Drive System Corporation's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Xiangming Intelligent Drive System Corporation (301226) | CN¥910.87 Million | 12.92% | 0.14x | $614.39 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Changzhou Xiangming Intelligent Drive System Corporation
Changzhou Xiangming Intelligent Drive System Corporation engages in the research and development, production, and sale of micro motors, fans, and intelligent components in China. The company offers AC motors, brushless DC motors, brush DC motors, precision fans, magnetic pumps, precision gear reducers and transmissions, control components and software products, and other technical solutions; vent… Read more