Giti Tire Corp (600182) - Net Assets
Based on the latest financial reports, Giti Tire Corp (600182) has net assets worth CN¥2.05 Billion CNY (≈ $300.38 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.49 Billion ≈ $656.67 Million USD) and total liabilities (CN¥2.43 Billion ≈ $356.29 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 600182 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.05 Billion |
| % of Total Assets | 45.74% |
| Annual Growth Rate | 5.91% |
| 5-Year Change | 11.5% |
| 10-Year Change | 15.37% |
| Growth Volatility | 48.74 |
Giti Tire Corp - Net Assets Trend (1996–2025)
This chart illustrates how Giti Tire Corp's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Giti Tire Corp to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Giti Tire Corp (1996–2025)
The table below shows the annual net assets of Giti Tire Corp from 1996 to 2025. For live valuation and market cap data, see market value of Giti Tire Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.96 Billion ≈ $286.43 Million |
-3.07% |
| 2024-12-31 | CN¥2.02 Billion ≈ $295.50 Million |
-1.06% |
| 2023-12-31 | CN¥2.04 Billion ≈ $298.65 Million |
+12.10% |
| 2022-12-31 | CN¥1.82 Billion ≈ $266.42 Million |
+3.71% |
| 2021-12-31 | CN¥1.76 Billion ≈ $256.89 Million |
+3.50% |
| 2020-12-31 | CN¥1.70 Billion ≈ $248.19 Million |
+0.81% |
| 2019-12-31 | CN¥1.68 Billion ≈ $246.19 Million |
+4.17% |
| 2018-12-31 | CN¥1.62 Billion ≈ $236.34 Million |
+2.70% |
| 2017-12-31 | CN¥1.57 Billion ≈ $230.14 Million |
-7.30% |
| 2016-12-31 | CN¥1.70 Billion ≈ $248.26 Million |
-10.30% |
| 2015-12-31 | CN¥1.89 Billion ≈ $276.76 Million |
-6.71% |
| 2014-12-31 | CN¥2.03 Billion ≈ $296.67 Million |
+3.27% |
| 2013-12-31 | CN¥1.96 Billion ≈ $287.28 Million |
+24.19% |
| 2012-12-31 | CN¥1.58 Billion ≈ $231.33 Million |
+23.36% |
| 2011-12-31 | CN¥1.28 Billion ≈ $187.52 Million |
+10.76% |
| 2010-12-31 | CN¥1.16 Billion ≈ $169.31 Million |
+3.45% |
| 2009-12-31 | CN¥1.12 Billion ≈ $163.65 Million |
+35.62% |
| 2008-12-31 | CN¥824.66 Million ≈ $120.67 Million |
-7.27% |
| 2007-12-31 | CN¥889.34 Million ≈ $130.14 Million |
+0.87% |
| 2006-12-31 | CN¥881.69 Million ≈ $129.02 Million |
-7.11% |
| 2005-12-31 | CN¥949.15 Million ≈ $138.89 Million |
+13.53% |
| 2004-12-31 | CN¥836.04 Million ≈ $122.34 Million |
+242.71% |
| 2003-12-31 | CN¥243.95 Million ≈ $35.70 Million |
-37.98% |
| 2002-12-31 | CN¥393.36 Million ≈ $57.56 Million |
-39.14% |
| 2001-12-31 | CN¥646.32 Million ≈ $94.58 Million |
-19.30% |
| 2000-12-31 | CN¥800.89 Million ≈ $117.20 Million |
+0.40% |
| 1999-12-31 | CN¥797.71 Million ≈ $116.73 Million |
+83.96% |
| 1998-12-31 | CN¥433.64 Million ≈ $63.45 Million |
-4.25% |
| 1997-12-31 | CN¥452.90 Million ≈ $66.27 Million |
+22.31% |
| 1996-12-31 | CN¥370.29 Million ≈ $54.18 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 3370.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥581.46 Million | 52.50% |
| Other Components | CN¥526.09 Million | 47.50% |
| Total Equity | CN¥1.11 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 |
|---|---|
|
Enhabit Inc.
NYSE:EHAB
|
$706.91 Million |
|
Thai Vegetable Oil Public Company Limited
BK:TVO-R
|
$706.96 Million |
|
Movida Participações S.A
SA:MOVI3
|
$707.41 Million |
|
Oscotec Inc
KQ:039200
|
$707.49 Million |
|
COSCO SHIPPING Technology Co Ltd
SHE:002401
|
$706.48 Million |
|
Media and Games Invest PLC
F:M8G
|
$706.46 Million |
|
Sijin Intelligent Forming Machinery
SHE:003025
|
$706.37 Million |
|
PharmaResources (Shanghai) Co. Ltd. A
SHE:301230
|
$706.33 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 2024 to 2025, total equity changed from 1,206,261,985 to 1,107,548,592, a change of -98,713,393 (-8.2%).
- Net income of 197,086,606 contributed positively to equity growth.
- Dividend payments of 332,816,421 reduced retained earnings.
- Other comprehensive income decreased equity by 186,089,620.
- Other factors increased equity by 223,106,042.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥197.09 Million | +17.79% |
| Dividends Paid | CN¥332.82 Million | -30.05% |
| Other Comprehensive Income | CN¥-186.09 Million | -16.8% |
| Other Changes | CN¥223.11 Million | +20.14% |
| Total Change | CN¥- | -8.18% |
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: 4.36x
- 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 13.03x to 4.36x 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¥14.20 | x |
| 1997-12-31 | CN¥1.33 | CN¥14.20 | x |
| 1998-12-31 | CN¥1.28 | CN¥14.20 | x |
| 1999-12-31 | CN¥2.35 | CN¥14.20 | x |
| 2000-12-31 | CN¥2.36 | CN¥14.20 | x |
| 2001-12-31 | CN¥1.78 | CN¥14.20 | x |
| 2002-12-31 | CN¥1.04 | CN¥14.20 | x |
| 2003-12-31 | CN¥0.66 | CN¥14.20 | x |
| 2004-12-31 | CN¥0.89 | CN¥14.20 | x |
| 2005-12-31 | CN¥1.05 | CN¥14.20 | x |
| 2006-12-31 | CN¥0.86 | CN¥14.20 | x |
| 2007-12-31 | CN¥1.04 | CN¥14.20 | x |
| 2008-12-31 | CN¥1.05 | CN¥14.20 | x |
| 2009-12-31 | CN¥1.47 | CN¥14.20 | x |
| 2010-12-31 | CN¥1.64 | CN¥14.20 | x |
| 2011-12-31 | CN¥1.81 | CN¥14.20 | x |
| 2012-12-31 | CN¥2.31 | CN¥14.20 | x |
| 2013-12-31 | CN¥2.98 | CN¥14.20 | x |
| 2014-12-31 | CN¥3.34 | CN¥14.20 | x |
| 2015-12-31 | CN¥3.31 | CN¥14.20 | x |
| 2016-12-31 | CN¥2.81 | CN¥14.20 | x |
| 2017-12-31 | CN¥2.54 | CN¥14.20 | x |
| 2018-12-31 | CN¥2.69 | CN¥14.20 | x |
| 2019-12-31 | CN¥2.86 | CN¥14.20 | x |
| 2020-12-31 | CN¥2.96 | CN¥14.20 | x |
| 2021-12-31 | CN¥3.01 | CN¥14.20 | x |
| 2022-12-31 | CN¥3.08 | CN¥14.20 | x |
| 2023-12-31 | CN¥3.58 | CN¥14.20 | x |
| 2024-12-31 | CN¥3.55 | CN¥14.20 | x |
| 2025-12-31 | CN¥3.26 | CN¥14.20 | 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): 17.79%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.07%
- • Asset Turnover: 1.08x
- • Equity Multiplier: 4.06x
- Recent ROE (17.79%) is above the historical average (0.15%), 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 | 8.92% | 2.83% | 1.01x | 3.12x | CN¥-10.52 Million |
| 2020 | 5.92% | 2.13% | 0.95x | 2.93x | CN¥-41.03 Million |
| 2021 | 3.53% | 1.08% | 1.00x | 3.26x | CN¥-66.26 Million |
| 2022 | 3.29% | 0.98% | 1.02x | 3.29x | CN¥-70.24 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 |
| 2025 | 17.79% | 4.07% | 1.08x | 4.06x | CN¥86.33 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: $1,509,898,498
- Average return on equity (ROE) among peers: 9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Giti Tire Corp (600182) | CN¥2.05 Billion | 16.63% | 1.19x | $706.49 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.47 Billion | 5.92% | 0.80x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $445.83 Million | 12.50% | 0.68x | $6.67 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $427.94 Million | 15.75% | 0.49x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -25.26% | 3.14x | $1.55 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.32 Billion | 0.87% | 1.12x | $653.72 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.39 Billion | 17.69% | 1.83x | $2.08 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $285.31 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $334.20 Million | 2.19% | 0.85x | $4.21 Billion |
About 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.