Shenyang Jinbei Automotive Co Ltd (600609) - Net Assets
Based on the latest financial reports, Shenyang Jinbei Automotive Co Ltd (600609) has net assets worth CN¥1.88 Billion CNY (≈ $274.55 Million USD) 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 ≈ $610.09 Million USD) and total liabilities (CN¥2.29 Billion ≈ $335.54 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 Shenyang Jinbei Automotive Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Shenyang Jinbei Automotive Co Ltd asset portfolio for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 600609 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.63 Billion ≈ $238.43 Million |
+20.37% |
| 2023-12-31 | CN¥1.35 Billion ≈ $198.08 Million |
+6.62% |
| 2022-12-31 | CN¥1.27 Billion ≈ $185.78 Million |
+23.25% |
| 2021-12-31 | CN¥1.03 Billion ≈ $150.73 Million |
-10.43% |
| 2020-12-31 | CN¥1.15 Billion ≈ $168.28 Million |
+20.91% |
| 2019-12-31 | CN¥951.12 Million ≈ $139.18 Million |
+15.17% |
| 2018-12-31 | CN¥825.84 Million ≈ $120.85 Million |
-4.84% |
| 2017-12-31 | CN¥867.87 Million ≈ $127.00 Million |
+30.07% |
| 2016-12-31 | CN¥667.24 Million ≈ $97.64 Million |
-5.25% |
| 2015-12-31 | CN¥704.19 Million ≈ $103.05 Million |
+6.56% |
| 2014-12-31 | CN¥660.85 Million ≈ $96.70 Million |
-11.13% |
| 2013-12-31 | CN¥743.61 Million ≈ $108.81 Million |
+18.42% |
| 2012-12-31 | CN¥627.96 Million ≈ $91.89 Million |
+17.93% |
| 2011-12-31 | CN¥532.50 Million ≈ $77.92 Million |
+16.15% |
| 2010-12-31 | CN¥458.47 Million ≈ $67.09 Million |
+212.06% |
| 2009-12-31 | CN¥146.92 Million ≈ $21.50 Million |
-73.52% |
| 2008-12-31 | CN¥554.80 Million ≈ $81.19 Million |
-30.52% |
| 2007-12-31 | CN¥798.55 Million ≈ $116.85 Million |
+17.20% |
| 2006-12-31 | CN¥681.37 Million ≈ $99.71 Million |
+17.03% |
| 2005-12-31 | CN¥582.21 Million ≈ $85.20 Million |
-57.62% |
| 2004-12-31 | CN¥1.37 Billion ≈ $201.03 Million |
-23.96% |
| 2003-12-31 | CN¥1.81 Billion ≈ $264.39 Million |
+22.87% |
| 2002-12-31 | CN¥1.47 Billion ≈ $215.18 Million |
-8.72% |
| 2001-12-31 | CN¥1.61 Billion ≈ $235.74 Million |
-37.78% |
| 2000-12-31 | CN¥2.59 Billion ≈ $378.91 Million |
+10.38% |
| 1999-12-31 | CN¥2.35 Billion ≈ $343.29 Million |
-0.61% |
| 1998-12-31 | CN¥2.36 Billion ≈ $345.41 Million |
+0.65% |
| 1997-12-31 | CN¥2.35 Billion ≈ $343.17 Million |
+11.03% |
| 1996-12-31 | CN¥2.11 Billion ≈ $309.09 Million |
-7.30% |
| 1995-12-31 | CN¥2.28 Billion ≈ $333.43 Million |
-4.98% |
| 1994-12-31 | CN¥2.40 Billion ≈ $350.89 Million |
+8.46% |
| 1993-12-31 | CN¥2.21 Billion ≈ $323.53 Million |
+65.15% |
| 1992-12-31 | CN¥1.34 Billion ≈ $195.90 Million |
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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 |
|---|---|
|
BEIJ.JINGNENG CL.ERG.HYC1
F:BJ6
|
$767.50 Million |
|
Canadian General Investments Ltd
TO:CGI
|
$767.51 Million |
|
Sunway Co Ltd
SHG:603333
|
$767.61 Million |
|
Eagle Bancorp Inc
NASDAQ:EGBN
|
$767.78 Million |
|
Seegene Inc
KQ:096530
|
$767.20 Million |
|
Pick N Pay Stores Ltd
JSE:PIK
|
$766.77 Million |
|
Harum Energy Tbk PT
JK:HRUM
|
$766.60 Million |
|
Hangzhou Chinastars Reflective Material Co.Ltd.
SHE:301077
|
$766.55 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: 3.76x
- 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 3.28x to 3.76x 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¥4.02 | x |
| 1993-12-31 | CN¥1.47 | CN¥4.02 | x |
| 1994-12-31 | CN¥1.62 | CN¥4.02 | x |
| 1995-12-31 | CN¥1.40 | CN¥4.02 | x |
| 1996-12-31 | CN¥1.41 | CN¥4.02 | x |
| 1997-12-31 | CN¥1.35 | CN¥4.02 | x |
| 1998-12-31 | CN¥1.43 | CN¥4.02 | x |
| 1999-12-31 | CN¥1.63 | CN¥4.02 | x |
| 2000-12-31 | CN¥2.17 | CN¥4.02 | x |
| 2001-12-31 | CN¥1.28 | CN¥4.02 | x |
| 2002-12-31 | CN¥1.30 | CN¥4.02 | x |
| 2003-12-31 | CN¥1.60 | CN¥4.02 | x |
| 2004-12-31 | CN¥1.21 | CN¥4.02 | x |
| 2005-12-31 | CN¥0.50 | CN¥4.02 | x |
| 2006-12-31 | CN¥0.56 | CN¥4.02 | x |
| 2007-12-31 | CN¥0.63 | CN¥4.02 | x |
| 2008-12-31 | CN¥0.40 | CN¥4.02 | x |
| 2009-12-31 | CN¥0.03 | CN¥4.02 | x |
| 2010-12-31 | CN¥0.29 | CN¥4.02 | x |
| 2011-12-31 | CN¥0.31 | CN¥4.02 | x |
| 2012-12-31 | CN¥0.34 | CN¥4.02 | x |
| 2013-12-31 | CN¥0.45 | CN¥4.02 | x |
| 2014-12-31 | CN¥0.23 | CN¥4.02 | x |
| 2015-12-31 | CN¥0.22 | CN¥4.02 | x |
| 2016-12-31 | CN¥0.07 | CN¥4.02 | x |
| 2017-12-31 | CN¥0.25 | CN¥4.02 | x |
| 2018-12-31 | CN¥0.33 | CN¥4.02 | x |
| 2019-12-31 | CN¥0.39 | CN¥4.02 | x |
| 2020-12-31 | CN¥0.47 | CN¥4.02 | x |
| 2021-12-31 | CN¥0.60 | CN¥4.02 | x |
| 2022-12-31 | CN¥0.68 | CN¥4.02 | x |
| 2023-12-31 | CN¥0.78 | CN¥4.02 | x |
| 2024-12-31 | CN¥1.07 | CN¥4.02 | 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: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
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 | $767.41 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About Shenyang Jinbei Automotive Co Ltd
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