Shenyang Jinbei Automotive Co Ltd

SHG:600609 China Auto Parts
Market Cap
$780.54 Million
CN¥5.73 Billion CNY
Market Cap Rank
#9927 Global
#2114 in China
Share Price
CN¥4.39
Change (1 day)
-0.23%
52-Week Range
CN¥4.36 - CN¥6.61
All Time High
CN¥9.40
Categories
Companies in China Auto Parts
About

Shenyang Jinbei Automotive Company Limited engages in the design, production, and sale of auto parts in China. The company offers auto interior parts, such as interior panels and instrument panels; automotive seats; door interior panels; plastic parts; and rubber parts. It serves automobile manufacturers. Shenyang Jinbei Automotive Company Limited was founded in 1984 and is headquartered in Sheny… Read more

Shenyang Jinbei Automotive Co Ltd (600609) - Net Assets

Latest net assets as of September 2025: CN¥1.88 Billion CNY

Based on the latest financial reports, Shenyang Jinbei Automotive Co Ltd (600609) has net assets worth CN¥1.88 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¥4.17 Billion) and total liabilities (CN¥2.29 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¥1.88 Billion
% of Total Assets 45.0%
Annual Growth Rate 0.62%
5-Year Change 41.68%
10-Year Change 131.38%
Growth Volatility 44.75

Shenyang Jinbei Automotive Co Ltd - Net Assets Trend (1992–2024)

This chart illustrates how Shenyang Jinbei Automotive 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 Shenyang Jinbei Automotive Co Ltd (1992–2024)

The table below shows the annual net assets of Shenyang Jinbei Automotive Co Ltd from 1992 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.63 Billion +20.37%
2023-12-31 CN¥1.35 Billion +6.62%
2022-12-31 CN¥1.27 Billion +23.25%
2021-12-31 CN¥1.03 Billion -10.43%
2020-12-31 CN¥1.15 Billion +20.91%
2019-12-31 CN¥951.12 Million +15.17%
2018-12-31 CN¥825.84 Million -4.84%
2017-12-31 CN¥867.87 Million +30.07%
2016-12-31 CN¥667.24 Million -5.25%
2015-12-31 CN¥704.19 Million +6.56%
2014-12-31 CN¥660.85 Million -11.13%
2013-12-31 CN¥743.61 Million +18.42%
2012-12-31 CN¥627.96 Million +17.93%
2011-12-31 CN¥532.50 Million +16.15%
2010-12-31 CN¥458.47 Million +212.06%
2009-12-31 CN¥146.92 Million -73.52%
2008-12-31 CN¥554.80 Million -30.52%
2007-12-31 CN¥798.55 Million +17.20%
2006-12-31 CN¥681.37 Million +17.03%
2005-12-31 CN¥582.21 Million -57.62%
2004-12-31 CN¥1.37 Billion -23.96%
2003-12-31 CN¥1.81 Billion +22.87%
2002-12-31 CN¥1.47 Billion -8.72%
2001-12-31 CN¥1.61 Billion -37.78%
2000-12-31 CN¥2.59 Billion +10.38%
1999-12-31 CN¥2.35 Billion -0.61%
1998-12-31 CN¥2.36 Billion +0.65%
1997-12-31 CN¥2.35 Billion +11.03%
1996-12-31 CN¥2.11 Billion -7.30%
1995-12-31 CN¥2.28 Billion -4.98%
1994-12-31 CN¥2.40 Billion +8.46%
1993-12-31 CN¥2.21 Billion +65.15%
1992-12-31 CN¥1.34 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Shenyang Jinbei Automotive 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 decreased by 188082100000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.31 Billion 94.02%
Other Comprehensive Income CN¥945.09 Million 67.77%
Other Components CN¥1.02 Billion 73.08%
Total Equity CN¥1.39 Billion 100.00%

Shenyang Jinbei Automotive Co Ltd Competitors by Market Cap

The table below lists competitors of Shenyang Jinbei Automotive Co Ltd ranked by their market capitalization.

Company Market Cap
Sdiptech AB
LSE:0AAV
 		$536.37 Million
Tele Columbus AG
LSE:0R50
 		$536.46 Million
Kuyas Yatirim AS
IS:KUYAS
 		$536.46 Million
Fleury S.A.
SA:FLRY3
 		$536.55 Million
Paradox Interactive AB (publ)
PINK:PRXXF
 		$536.11 Million
SALCEF GROUP S.P.A.
F:7S9
 		$535.81 Million
Nantong Jinghua Pharmaceutical Co Ltd
SHE:002349
 		$535.78 Million
Jinchuan Group International Resources Co. Ltd
PINK:JGRRF
 		$535.78 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenyang Jinbei Automotive Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,058,164,000 to 1,394,606,000, a change of 336,442,000 (31.8%).
  • Net income of 381,876,000 contributed positively to equity growth.
  • Dividend payments of 18,397,000 reduced retained earnings.
  • Share repurchases of 50,470,801 reduced equity.
  • Other comprehensive income increased equity by 949,259,928.
  • Other factors decreased equity by 925,826,127.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥381.88 Million +27.38%
Dividends Paid CN¥18.40 Million -1.32%
Share Repurchases CN¥50.47 Million -3.62%
Other Comprehensive Income CN¥949.26 Million +68.07%
Other Changes CN¥-925.83 Million -66.39%
Total Change CN¥- 31.79%

Book Value vs Market Value Analysis

This analysis compares Shenyang Jinbei Automotive 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: 4.11x
  • 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 increased from 3.59x to 4.11x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1992-12-31 CN¥1.22 CN¥4.39 x
1993-12-31 CN¥1.47 CN¥4.39 x
1994-12-31 CN¥1.62 CN¥4.39 x
1995-12-31 CN¥1.40 CN¥4.39 x
1996-12-31 CN¥1.41 CN¥4.39 x
1997-12-31 CN¥1.35 CN¥4.39 x
1998-12-31 CN¥1.43 CN¥4.39 x
1999-12-31 CN¥1.63 CN¥4.39 x
2000-12-31 CN¥2.17 CN¥4.39 x
2001-12-31 CN¥1.28 CN¥4.39 x
2002-12-31 CN¥1.30 CN¥4.39 x
2003-12-31 CN¥1.60 CN¥4.39 x
2004-12-31 CN¥1.21 CN¥4.39 x
2005-12-31 CN¥0.50 CN¥4.39 x
2006-12-31 CN¥0.56 CN¥4.39 x
2007-12-31 CN¥0.63 CN¥4.39 x
2008-12-31 CN¥0.40 CN¥4.39 x
2009-12-31 CN¥0.03 CN¥4.39 x
2010-12-31 CN¥0.29 CN¥4.39 x
2011-12-31 CN¥0.31 CN¥4.39 x
2012-12-31 CN¥0.34 CN¥4.39 x
2013-12-31 CN¥0.45 CN¥4.39 x
2014-12-31 CN¥0.23 CN¥4.39 x
2015-12-31 CN¥0.22 CN¥4.39 x
2016-12-31 CN¥0.07 CN¥4.39 x
2017-12-31 CN¥0.25 CN¥4.39 x
2018-12-31 CN¥0.33 CN¥4.39 x
2019-12-31 CN¥0.39 CN¥4.39 x
2020-12-31 CN¥0.47 CN¥4.39 x
2021-12-31 CN¥0.60 CN¥4.39 x
2022-12-31 CN¥0.68 CN¥4.39 x
2023-12-31 CN¥0.78 CN¥4.39 x
2024-12-31 CN¥1.07 CN¥4.39 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenyang Jinbei Automotive 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): 27.38%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.75%
  • • Asset Turnover: 1.20x
  • • Equity Multiplier: 2.61x
  • Recent ROE (27.38%) is above the historical average (-45.10%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1992 11.14% 4.42% 0.66x 3.84x CN¥15.23 Million
1993 9.48% 4.87% 0.56x 3.48x CN¥-8.41 Million
1994 0.21% 0.15% 0.42x 3.26x CN¥-173.59 Million
1995 -16.56% -11.42% 0.38x 3.83x CN¥-407.55 Million
1996 0.71% 0.41% 0.42x 4.04x CN¥-143.29 Million
1997 6.71% 2.68% 0.54x 4.65x CN¥-48.41 Million
1998 12.61% 4.72% 0.61x 4.35x CN¥41.01 Million
1999 10.82% 3.58% 0.56x 5.41x CN¥14.58 Million
2000 10.86% 31.25% 0.15x 2.30x CN¥20.32 Million
2001 -70.18% -151.09% 0.13x 3.49x CN¥-1.12 Billion
2002 0.77% 1.63% 0.16x 2.93x CN¥-131.69 Million
2003 6.17% 13.49% 0.17x 2.68x CN¥-67.17 Million
2004 -29.02% -37.35% 0.24x 3.29x CN¥-518.18 Million
2005 -138.30% -52.16% 0.35x 7.52x CN¥-806.92 Million
2006 10.66% 3.23% 0.53x 6.21x CN¥4.04 Million
2007 10.70% 1.97% 0.82x 6.67x CN¥4.76 Million
2008 -57.46% -7.78% 0.76x 9.76x CN¥-293.06 Million
2009 -1116.68% -9.71% 0.85x 134.90x CN¥-402.30 Million
2010 89.02% 6.02% 0.95x 15.58x CN¥249.71 Million
2011 8.95% 0.66% 0.86x 15.61x CN¥-3.66 Million
2012 6.20% 0.45% 0.70x 19.63x CN¥-14.07 Million
2013 4.41% 0.31% 0.75x 18.87x CN¥-22.38 Million
2014 -57.63% -2.78% 0.55x 37.44x CN¥-167.82 Million
2015 13.60% 0.77% 0.46x 38.19x CN¥9.45 Million
2016 -288.34% -4.34% 0.42x 157.31x CN¥-215.64 Million
2017 36.72% 1.75% 0.97x 21.69x CN¥73.29 Million
2018 22.70% 1.31% 1.08x 16.00x CN¥45.18 Million
2019 14.41% 1.08% 0.93x 14.31x CN¥18.56 Million
2020 -80.74% -8.33% 1.11x 8.71x CN¥-511.07 Million
2021 24.96% 3.75% 1.17x 5.66x CN¥116.80 Million
2022 16.07% 2.66% 1.28x 4.73x CN¥56.65 Million
2023 11.49% 2.37% 1.28x 3.80x CN¥15.78 Million
2024 27.38% 8.75% 1.20x 2.61x CN¥242.42 Million

Industry Comparison

This section compares Shenyang Jinbei Automotive Co Ltd'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
Shenyang Jinbei Automotive Co Ltd (600609) CN¥1.88 Billion 11.14% 1.22x $536.23 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