Zhengzhou Yutong Bus Co Ltd

SHG:600066 China Farm & Heavy Construction Machinery
Market Cap
$9.25 Billion
CN¥67.86 Billion CNY
Market Cap Rank
#2687 Global
#188 in China
Share Price
CN¥30.65
Change (1 day)
-1.95%
52-Week Range
CN¥24.03 - CN¥34.47
All Time High
CN¥34.47
Categories
Companies in China Farm & Heavy Construction Machinery
About

Yutong Bus Co.,Ltd., together with its subsidiaries, manufactures and sells buses and coaches in China and internationally. It operates through Bus Manufacturing, Foreign Trade, Passenger Transport, and Other segments. The company offers e-buses, e-coaches, city buses, coaches, vans, airport buses, public security and emergency response vehicles, and medical vehicles, etc. It also provides variou… Read more

Zhengzhou Yutong Bus Co Ltd (600066) - Net Assets

Latest net assets as of September 2025: CN¥13.66 Billion CNY

Based on the latest financial reports, Zhengzhou Yutong Bus Co Ltd (600066) has net assets worth CN¥13.66 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥31.76 Billion) and total liabilities (CN¥18.10 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¥13.66 Billion
% of Total Assets 43.01%
Annual Growth Rate 26.04%
5-Year Change -11.56%
10-Year Change 5.55%
Growth Volatility 84.94

Zhengzhou Yutong Bus Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Zhengzhou Yutong Bus 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 Zhengzhou Yutong Bus Co Ltd (1994–2024)

The table below shows the annual net assets of Zhengzhou Yutong Bus Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥13.66 Billion -2.84%
2023-12-31 CN¥14.06 Billion -3.70%
2022-12-31 CN¥14.60 Billion -4.87%
2021-12-31 CN¥15.34 Billion -0.64%
2020-12-31 CN¥15.44 Billion -12.58%
2019-12-31 CN¥17.67 Billion +5.43%
2018-12-31 CN¥16.76 Billion +7.37%
2017-12-31 CN¥15.61 Billion +14.09%
2016-12-31 CN¥13.68 Billion +5.72%
2015-12-31 CN¥12.94 Billion +19.14%
2014-12-31 CN¥10.86 Billion +24.02%
2013-12-31 CN¥8.76 Billion +19.64%
2012-12-31 CN¥7.32 Billion +119.30%
2011-12-31 CN¥3.34 Billion +34.27%
2010-12-31 CN¥2.49 Billion +14.35%
2009-12-31 CN¥2.17 Billion +27.80%
2008-12-31 CN¥1.70 Billion -39.86%
2007-12-31 CN¥2.83 Billion +107.63%
2006-12-31 CN¥1.36 Billion -0.38%
2005-12-31 CN¥1.37 Billion +6.17%
2004-12-31 CN¥1.29 Billion +16.48%
2003-12-31 CN¥1.11 Billion +15.37%
2002-12-31 CN¥958.45 Million +12.28%
2001-12-31 CN¥853.61 Million -1.68%
2000-12-31 CN¥868.22 Million +35.46%
1999-12-31 CN¥640.95 Million +10.72%
1998-12-31 CN¥578.89 Million +42.58%
1997-12-31 CN¥406.00 Million +432.53%
1996-12-31 CN¥76.24 Million +163.31%
1995-12-31 CN¥28.95 Million +119.76%
1994-12-31 CN¥13.18 Million --

Equity Component Analysis

This analysis shows how different components contribute to Zhengzhou Yutong Bus 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 2122250.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.23 Billion 46.39%
Common Stock CN¥2.21 Billion 16.49%
Other Comprehensive Income CN¥3.88 Billion 28.91%
Other Components CN¥1.10 Billion 8.21%
Total Equity CN¥13.42 Billion 100.00%

Zhengzhou Yutong Bus Co Ltd Competitors by Market Cap

The table below lists competitors of Zhengzhou Yutong Bus Co Ltd ranked by their market capitalization.

Company Market Cap
Bombardier Inc A
OTCQX:BDRAF
 		$5.22 Billion
White Mountains Insurance Group Ltd
NYSE:WTM
 		$5.22 Billion
Gotion High tech Co Ltd
SHE:002074
 		$5.23 Billion
KRUNG THAI -FGN- BA 515
F:KTB1
 		$5.23 Billion
Endeavor Group Holdings Inc
NYSE:EDR
 		$5.21 Billion
New Residential Investment Corp.
LSE:0K76
 		$5.21 Billion
Wingstop Inc
NASDAQ:WING
 		$5.21 Billion
ABL Bio Inc
KQ:298380
 		$5.21 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhengzhou Yutong Bus Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 13,918,970,733 to 13,423,775,000, a change of -495,195,733 (-3.6%).
  • Net income of 4,116,194,426 contributed positively to equity growth.
  • Dividend payments of 4,427,878,446 reduced retained earnings.
  • Other comprehensive income increased equity by 154,591,096.
  • Other factors decreased equity by 338,102,809.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥4.12 Billion +30.66%
Dividends Paid CN¥4.43 Billion -32.99%
Other Comprehensive Income CN¥154.59 Million +1.15%
Other Changes CN¥-338.10 Million -2.52%
Total Change CN¥- -3.56%

Book Value vs Market Value Analysis

This analysis compares Zhengzhou Yutong Bus 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: 5.06x
  • 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 2176.76x to 5.06x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.01 CN¥30.65 x
1995-12-31 CN¥0.03 CN¥30.65 x
1996-12-31 CN¥0.08 CN¥30.65 x
1997-12-31 CN¥0.43 CN¥30.65 x
1998-12-31 CN¥0.62 CN¥30.65 x
1999-12-31 CN¥0.68 CN¥30.65 x
2000-12-31 CN¥0.93 CN¥30.65 x
2001-12-31 CN¥0.91 CN¥30.65 x
2002-12-31 CN¥1.02 CN¥30.65 x
2003-12-31 CN¥1.18 CN¥30.65 x
2004-12-31 CN¥1.28 CN¥30.65 x
2005-12-31 CN¥1.37 CN¥30.65 x
2006-12-31 CN¥0.89 CN¥30.65 x
2007-12-31 CN¥1.89 CN¥30.65 x
2008-12-31 CN¥1.19 CN¥30.65 x
2009-12-31 CN¥1.54 CN¥30.65 x
2010-12-31 CN¥1.77 CN¥30.65 x
2011-12-31 CN¥2.15 CN¥30.65 x
2012-12-31 CN¥4.03 CN¥30.65 x
2013-12-31 CN¥3.94 CN¥30.65 x
2014-12-31 CN¥4.88 CN¥30.65 x
2015-12-31 CN¥5.82 CN¥30.65 x
2016-12-31 CN¥6.15 CN¥30.65 x
2017-12-31 CN¥6.98 CN¥30.65 x
2018-12-31 CN¥7.30 CN¥30.65 x
2019-12-31 CN¥7.92 CN¥30.65 x
2020-12-31 CN¥6.93 CN¥30.65 x
2021-12-31 CN¥6.87 CN¥30.65 x
2022-12-31 CN¥6.54 CN¥30.65 x
2023-12-31 CN¥6.28 CN¥30.65 x
2024-12-31 CN¥6.06 CN¥30.65 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhengzhou Yutong Bus 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): 30.66%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 11.06%
  • • Asset Turnover: 1.16x
  • • Equity Multiplier: 2.40x
  • Recent ROE (30.66%) is above the historical average (19.04%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 19.34% 1.85% 1.18x 8.82x CN¥1.23 Million
1995 51.33% 5.42% 1.85x 5.12x CN¥11.97 Million
1996 27.81% 4.83% 1.82x 3.16x CN¥13.58 Million
1997 10.50% 9.76% 0.67x 1.60x CN¥2.03 Million
1998 10.20% 10.44% 0.59x 1.64x CN¥1.13 Million
1999 11.03% 10.10% 0.71x 1.54x CN¥6.60 Million
2000 10.03% 7.26% 0.84x 1.64x CN¥249.17K
2001 11.53% 6.23% 1.13x 1.64x CN¥13.06 Million
2002 10.86% 3.88% 1.55x 1.81x CN¥8.21 Million
2003 11.63% 3.94% 1.39x 2.12x CN¥17.96 Million
2004 12.02% 3.64% 1.52x 2.17x CN¥24.11 Million
2005 14.52% 4.06% 1.64x 2.18x CN¥57.78 Million
2006 17.70% 4.46% 1.38x 2.89x CN¥96.02 Million
2007 14.18% 4.78% 1.00x 2.97x CN¥111.14 Million
2008 31.63% 6.37% 1.78x 2.79x CN¥363.13 Million
2009 25.99% 6.42% 1.59x 2.54x CN¥346.72 Million
2010 34.63% 6.38% 1.98x 2.74x CN¥611.44 Million
2011 35.44% 6.98% 2.15x 2.36x CN¥848.09 Million
2012 21.19% 7.84% 1.38x 1.95x CN¥818.23 Million
2013 25.87% 10.19% 1.37x 1.85x CN¥1.39 Billion
2014 24.18% 10.15% 1.08x 2.20x CN¥1.53 Billion
2015 27.49% 11.33% 1.04x 2.34x CN¥2.25 Billion
2016 29.77% 11.28% 1.02x 2.59x CN¥2.69 Billion
2017 20.19% 9.42% 0.92x 2.33x CN¥1.58 Billion
2018 13.83% 7.25% 0.86x 2.21x CN¥637.40 Million
2019 11.07% 6.37% 0.83x 2.09x CN¥188.22 Million
2020 3.37% 2.38% 0.65x 2.17x CN¥-1.02 Billion
2021 4.03% 2.64% 0.72x 2.11x CN¥-908.08 Million
2022 5.25% 3.48% 0.73x 2.07x CN¥-688.12 Million
2023 13.05% 6.72% 0.88x 2.22x CN¥425.19 Million
2024 30.66% 11.06% 1.16x 2.40x CN¥2.77 Billion

Industry Comparison

This section compares Zhengzhou Yutong Bus 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: $2,234,285,007
  • Average return on equity (ROE) among peers: 3.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhengzhou Yutong Bus Co Ltd (600066) CN¥13.66 Billion 19.34% 1.33x $5.22 Billion
Zoomlion Heavy Industry Science and Technology Co Ltd (000157) $814.19 Million 6.46% 0.17x $6.31 Billion
XCMG Construction Machinery Co Ltd (000425) $0.00 0.00% 0.00x $11.49 Billion
Guangxi Liugong Machinery Co Ltd (000528) $9.12 Billion 3.81% 1.38x $1.96 Billion
Shantui Construction Machinery Co Ltd (000680) $3.49 Billion -25.07% 1.69x $1.24 Billion
JiangSu JiangHuai Engine Co Ltd (000816) $2.54 Billion -0.35% 0.35x $536.76 Million
HBIS Resources Co Ltd (000923) $130.44 Million 12.08% 1.67x $1.00 Billion
Sinotruk Jinan Truck Co Ltd (000951) $4.00 Billion 16.83% 3.93x $1.66 Billion
Zhongtong Bus Holding Co Ltd (000957) $105.76 Million 13.21% 1.26x $595.14 Million
Anhui Tuoshan Heavy Industry Co. Ltd. (001226) $740.93 Million 2.73% 0.67x $127.00 Million
Nanchang Mineral Systems Co. Ltd. A (001360) $1.41 Billion 6.86% 0.45x $205.65 Million