Giti Tire Corp
Giti Tire Corporation engages in the production and sale of automobile tires. The company was formerly known as Hualin Tyre Co., Ltd. and changed its name to Giti Tire Corporation in May 2005. The company was founded in 1993 and is based in Shanghai, China.
Giti Tire Corp (600182) - Net Assets
Latest net assets as of September 2025: CN¥2.06 Billion CNY
Based on the latest financial reports, Giti Tire Corp (600182) has net assets worth CN¥2.06 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¥4.48 Billion) and total liabilities (CN¥2.41 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¥2.06 Billion |
| % of Total Assets | 46.1% |
| Annual Growth Rate | 6.25% |
| 5-Year Change | 19.06% |
| 10-Year Change | 6.77% |
| Growth Volatility | 49.52 |
Giti Tire Corp - Net Assets Trend (1996–2024)
This chart illustrates how Giti Tire Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Giti Tire Corp (1996–2024)
The table below shows the annual net assets of Giti Tire Corp from 1996 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.02 Billion | -1.06% |
| 2023-12-31 | CN¥2.04 Billion | +12.10% |
| 2022-12-31 | CN¥1.82 Billion | +3.71% |
| 2021-12-31 | CN¥1.76 Billion | +3.50% |
| 2020-12-31 | CN¥1.70 Billion | +0.81% |
| 2019-12-31 | CN¥1.68 Billion | +4.17% |
| 2018-12-31 | CN¥1.62 Billion | +2.70% |
| 2017-12-31 | CN¥1.57 Billion | -7.30% |
| 2016-12-31 | CN¥1.70 Billion | -10.30% |
| 2015-12-31 | CN¥1.89 Billion | -6.71% |
| 2014-12-31 | CN¥2.03 Billion | +3.27% |
| 2013-12-31 | CN¥1.96 Billion | +24.19% |
| 2012-12-31 | CN¥1.58 Billion | +23.36% |
| 2011-12-31 | CN¥1.28 Billion | +10.76% |
| 2010-12-31 | CN¥1.16 Billion | +3.45% |
| 2009-12-31 | CN¥1.12 Billion | +35.62% |
| 2008-12-31 | CN¥824.66 Million | -7.27% |
| 2007-12-31 | CN¥889.34 Million | +0.87% |
| 2006-12-31 | CN¥881.69 Million | -7.11% |
| 2005-12-31 | CN¥949.15 Million | +13.53% |
| 2004-12-31 | CN¥836.04 Million | +242.71% |
| 2003-12-31 | CN¥243.95 Million | -37.98% |
| 2002-12-31 | CN¥393.36 Million | -39.14% |
| 2001-12-31 | CN¥646.32 Million | -19.30% |
| 2000-12-31 | CN¥800.89 Million | +0.40% |
| 1999-12-31 | CN¥797.71 Million | +83.96% |
| 1998-12-31 | CN¥433.64 Million | -4.25% |
| 1997-12-31 | CN¥452.90 Million | +22.31% |
| 1996-12-31 | CN¥370.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Giti Tire Corp'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 3959.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥680.17 Million | 56.39% |
| Common Stock | CN¥340.00 Million | 28.19% |
| Other Comprehensive Income | CN¥186.09 Million | 15.43% |
| Total Equity | CN¥1.21 Billion | 100.00% |
Giti Tire Corp Competitors by Market Cap
The table below lists competitors of Giti Tire Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SFA Semicon Co. Ltd
KQ:036540
|
$348.99 Million |
|
ChemPartner PharmaTech Co Ltd
SHE:300149
|
$349.03 Million |
|
Nanjing CEC Environmental Protect
SHE:300172
|
$349.04 Million |
|
Chengdu Xiling Power Science & Technology Incorporated Co Class A
SHE:300733
|
$349.04 Million |
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
$348.93 Million |
|
Shanghai Yongli Belting Co Ltd
SHE:300230
|
$348.91 Million |
|
Polynovo Ltd
AU:PNV
|
$348.89 Million |
|
Douglas AG
XETRA:DOU
|
$348.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Giti Tire Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,217,678,577 to 1,206,261,985, a change of -11,416,592 (-0.9%).
- Net income of 174,292,308 contributed positively to equity growth.
- Dividend payments of 116,514,440 reduced retained earnings.
- Other comprehensive income increased equity by 24,063,950.
- Other factors decreased equity by 93,258,410.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥174.29 Million | +14.45% |
| Dividends Paid | CN¥116.51 Million | -9.66% |
| Other Comprehensive Income | CN¥24.06 Million | +1.99% |
| Other Changes | CN¥-93.26 Million | -7.73% |
| Total Change | CN¥- | -0.94% |
Book Value vs Market Value Analysis
This analysis compares Giti Tire Corp'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: 4.08x
- 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 13.28x to 4.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥1.09 | CN¥14.48 | x |
| 1997-12-31 | CN¥1.33 | CN¥14.48 | x |
| 1998-12-31 | CN¥1.28 | CN¥14.48 | x |
| 1999-12-31 | CN¥2.35 | CN¥14.48 | x |
| 2000-12-31 | CN¥2.36 | CN¥14.48 | x |
| 2001-12-31 | CN¥1.78 | CN¥14.48 | x |
| 2002-12-31 | CN¥1.04 | CN¥14.48 | x |
| 2003-12-31 | CN¥0.66 | CN¥14.48 | x |
| 2004-12-31 | CN¥0.89 | CN¥14.48 | x |
| 2005-12-31 | CN¥1.05 | CN¥14.48 | x |
| 2006-12-31 | CN¥0.86 | CN¥14.48 | x |
| 2007-12-31 | CN¥1.04 | CN¥14.48 | x |
| 2008-12-31 | CN¥1.05 | CN¥14.48 | x |
| 2009-12-31 | CN¥1.47 | CN¥14.48 | x |
| 2010-12-31 | CN¥1.64 | CN¥14.48 | x |
| 2011-12-31 | CN¥1.81 | CN¥14.48 | x |
| 2012-12-31 | CN¥2.32 | CN¥14.48 | x |
| 2013-12-31 | CN¥2.98 | CN¥14.48 | x |
| 2014-12-31 | CN¥3.34 | CN¥14.48 | x |
| 2015-12-31 | CN¥3.34 | CN¥14.48 | x |
| 2016-12-31 | CN¥2.81 | CN¥14.48 | x |
| 2017-12-31 | CN¥2.54 | CN¥14.48 | x |
| 2018-12-31 | CN¥2.69 | CN¥14.48 | x |
| 2019-12-31 | CN¥2.86 | CN¥14.48 | x |
| 2020-12-31 | CN¥2.96 | CN¥14.48 | x |
| 2021-12-31 | CN¥3.01 | CN¥14.48 | x |
| 2022-12-31 | CN¥3.08 | CN¥14.48 | x |
| 2023-12-31 | CN¥3.58 | CN¥14.48 | x |
| 2024-12-31 | CN¥3.55 | CN¥14.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Giti Tire Corp 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): 14.45%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.73%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 3.60x
- Recent ROE (14.45%) is above the historical average (0.38%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 16.63% | 4.71% | 1.19x | 2.97x | CN¥24.54 Million |
| 1997 | 18.24% | 7.18% | 0.91x | 2.78x | CN¥37.33 Million |
| 1998 | 15.61% | 7.21% | 0.71x | 3.04x | CN¥24.32 Million |
| 1999 | 2.71% | 3.07% | 0.38x | 2.35x | CN¥-58.12 Million |
| 2000 | 0.40% | 0.45% | 0.36x | 2.50x | CN¥-76.91 Million |
| 2001 | -27.15% | -20.55% | 0.41x | 3.21x | CN¥-225.26 Million |
| 2002 | -68.69% | -42.71% | 0.33x | 4.88x | CN¥-278.07 Million |
| 2003 | -257.19% | -367.15% | 0.14x | 4.97x | CN¥-601.46 Million |
| 2004 | 23.92% | 4.26% | 0.49x | 11.35x | CN¥41.93 Million |
| 2005 | 15.00% | 2.82% | 0.58x | 9.19x | CN¥17.77 Million |
| 2006 | 1.61% | 0.29% | 0.63x | 8.76x | CN¥-30.33 Million |
| 2007 | 22.20% | 2.80% | 0.94x | 8.47x | CN¥42.93 Million |
| 2008 | 0.60% | 0.08% | 0.97x | 8.21x | CN¥-33.28 Million |
| 2009 | 29.55% | 5.61% | 0.89x | 5.95x | CN¥98.29 Million |
| 2010 | 9.01% | 1.39% | 1.10x | 5.90x | CN¥-5.53 Million |
| 2011 | 12.73% | 1.59% | 1.32x | 6.08x | CN¥16.45 Million |
| 2012 | 23.31% | 4.27% | 1.09x | 4.98x | CN¥104.50 Million |
| 2013 | 27.88% | 6.08% | 1.22x | 3.76x | CN¥181.27 Million |
| 2014 | 18.55% | 5.24% | 1.26x | 2.80x | CN¥96.39 Million |
| 2015 | 17.97% | 6.38% | 1.11x | 2.54x | CN¥89.73 Million |
| 2016 | 15.85% | 5.00% | 1.29x | 2.46x | CN¥55.76 Million |
| 2017 | 7.09% | 1.77% | 1.24x | 3.24x | CN¥-25.10 Million |
| 2018 | 9.72% | 2.64% | 1.25x | 2.95x | CN¥-2.57 Million |
| 2019 | 18.52% | 5.87% | 1.01x | 3.12x | CN¥82.95 Million |
| 2020 | 12.39% | 4.45% | 0.95x | 2.93x | CN¥24.01 Million |
| 2021 | 7.63% | 2.34% | 1.00x | 3.26x | CN¥-24.29 Million |
| 2022 | 7.36% | 2.20% | 1.02x | 3.29x | CN¥-27.61 Million |
| 2023 | 15.03% | 4.39% | 1.07x | 3.19x | CN¥61.23 Million |
| 2024 | 14.45% | 3.73% | 1.07x | 3.60x | CN¥53.67 Million |
Industry Comparison
This section compares Giti Tire Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Giti Tire Corp (600182) | CN¥2.06 Billion | 16.63% | 1.17x | $348.97 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |