Yutong Heavy Industries Co Ltd
Yutong Heavy Industries Co.,Ltd. researches, develops, produces, and sells sanitation cleaning, garbage collection, and transfer equipment in China. The company offers cleaning and maintenance vehicles and equipment, such as washing, sprinkling, sucking and sweeping of road pavement and facade facilities, including washing and sweeping vehicles, road sweepers, vacuum trucks, cleaning vehicles, sp… Read more
Yutong Heavy Industries Co Ltd (600817) - Net Assets
Latest net assets as of September 2025: CN¥2.54 Billion CNY
Based on the latest financial reports, Yutong Heavy Industries Co Ltd (600817) has net assets worth CN¥2.54 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¥4.05 Billion) and total liabilities (CN¥1.51 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¥2.54 Billion |
| % of Total Assets | 62.63% |
| Annual Growth Rate | 10.85% |
| 5-Year Change | 39.64% |
| 10-Year Change | 1115.24% |
| Growth Volatility | 346.18 |
Yutong Heavy Industries Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Yutong Heavy Industries 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 Yutong Heavy Industries Co Ltd (1994–2024)
The table below shows the annual net assets of Yutong Heavy Industries Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.61 Billion | -1.02% |
| 2023-12-31 | CN¥2.64 Billion | +0.62% |
| 2022-12-31 | CN¥2.62 Billion | +10.59% |
| 2021-12-31 | CN¥2.37 Billion | +26.78% |
| 2020-12-31 | CN¥1.87 Billion | +1233.30% |
| 2019-12-31 | CN¥140.28 Million | +4.28% |
| 2018-12-31 | CN¥134.53 Million | +4.89% |
| 2017-12-31 | CN¥128.25 Million | -0.21% |
| 2016-12-31 | CN¥128.52 Million | -40.20% |
| 2015-12-31 | CN¥214.92 Million | -11.01% |
| 2014-12-31 | CN¥241.51 Million | -8.58% |
| 2013-12-31 | CN¥264.17 Million | +4.24% |
| 2012-12-31 | CN¥253.43 Million | +114.23% |
| 2011-12-31 | CN¥-1.78 Billion | +4.75% |
| 2010-12-31 | CN¥-1.87 Billion | +39.39% |
| 2009-12-31 | CN¥-3.08 Billion | -14.14% |
| 2008-12-31 | CN¥-2.70 Billion | -1258.02% |
| 2007-12-31 | CN¥233.36 Million | -52.55% |
| 2006-12-31 | CN¥491.77 Million | +26.14% |
| 2005-12-31 | CN¥389.86 Million | +20.50% |
| 2004-12-31 | CN¥323.54 Million | +50.18% |
| 2003-12-31 | CN¥215.43 Million | +28.26% |
| 2002-12-31 | CN¥167.97 Million | +15.72% |
| 2001-12-31 | CN¥145.15 Million | +15.13% |
| 2000-12-31 | CN¥126.08 Million | +38.29% |
| 1999-12-31 | CN¥91.17 Million | -15.43% |
| 1998-12-31 | CN¥107.81 Million | -20.89% |
| 1997-12-31 | CN¥136.28 Million | +4.96% |
| 1996-12-31 | CN¥129.83 Million | +4.44% |
| 1995-12-31 | CN¥124.31 Million | +4.55% |
| 1994-12-31 | CN¥118.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Yutong Heavy Industries 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 17970.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥632.70 Million | 25.97% |
| Common Stock | CN¥536.85 Million | 22.03% |
| Other Components | CN¥1.27 Billion | 52.00% |
| Total Equity | CN¥2.44 Billion | 100.00% |
Yutong Heavy Industries Co Ltd Competitors by Market Cap
The table below lists competitors of Yutong Heavy Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang HISUN Biomaterials Co. Ltd. A
SHG:688203
|
$221.49 Million |
|
Churchill Capital Corp X Class A Ordinary Shares
NASDAQ:CCCX
|
$221.49 Million |
|
Bannerman Resources Ltd
OTCQX:BNNLF
|
$221.50 Million |
|
Logistea A
ST:LOGI-A
|
$221.59 Million |
|
TSS, Inc. Common Stock
NASDAQ:TSSI
|
$221.45 Million |
|
Guangxi Hechi Chemical Co Ltd
SHE:000953
|
$221.44 Million |
|
Turtle Beach Corp
NASDAQ:HEAR
|
$221.38 Million |
|
Guizhou Zhongyida Co Ltd
SHG:900906
|
$221.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yutong Heavy Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,454,162,000 to 2,436,622,000, a change of -17,540,000 (-0.7%).
- Net income of 227,078,000 contributed positively to equity growth.
- Dividend payments of 268,821,000 reduced retained earnings.
- Share repurchases of 43,656,740 reduced equity.
- Other factors increased equity by 67,859,740.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥227.08 Million | +9.32% |
| Dividends Paid | CN¥268.82 Million | -11.03% |
| Share Repurchases | CN¥43.66 Million | -1.79% |
| Other Changes | CN¥67.86 Million | +2.78% |
| Total Change | CN¥- | -0.71% |
Book Value vs Market Value Analysis
This analysis compares Yutong Heavy Industries 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: 2.61x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 12.99x to 2.61x 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¥0.93 | CN¥12.05 | x |
| 1995-12-31 | CN¥0.96 | CN¥12.05 | x |
| 1996-12-31 | CN¥1.00 | CN¥12.05 | x |
| 1997-12-31 | CN¥1.06 | CN¥12.05 | x |
| 1998-12-31 | CN¥0.66 | CN¥12.05 | x |
| 1999-12-31 | CN¥0.71 | CN¥12.05 | x |
| 2000-12-31 | CN¥0.72 | CN¥12.05 | x |
| 2001-12-31 | CN¥0.79 | CN¥12.05 | x |
| 2002-12-31 | CN¥0.95 | CN¥12.05 | x |
| 2003-12-31 | CN¥1.18 | CN¥12.05 | x |
| 2004-12-31 | CN¥1.48 | CN¥12.05 | x |
| 2005-12-31 | CN¥1.79 | CN¥12.05 | x |
| 2006-12-31 | CN¥2.36 | CN¥12.05 | x |
| 2007-12-31 | CN¥0.72 | CN¥12.05 | x |
| 2008-12-31 | CN¥-21.18 | CN¥12.05 | x |
| 2009-12-31 | CN¥-33.39 | CN¥12.05 | x |
| 2010-12-31 | CN¥-14.45 | CN¥12.05 | x |
| 2011-12-31 | CN¥-11.96 | CN¥12.05 | x |
| 2012-12-31 | CN¥0.73 | CN¥12.05 | x |
| 2013-12-31 | CN¥0.66 | CN¥12.05 | x |
| 2014-12-31 | CN¥0.66 | CN¥12.05 | x |
| 2015-12-31 | CN¥0.57 | CN¥12.05 | x |
| 2016-12-31 | CN¥0.59 | CN¥12.05 | x |
| 2017-12-31 | CN¥0.64 | CN¥12.05 | x |
| 2018-12-31 | CN¥0.63 | CN¥12.05 | x |
| 2019-12-31 | CN¥2.95 | CN¥12.05 | x |
| 2020-12-31 | CN¥3.35 | CN¥12.05 | x |
| 2021-12-31 | CN¥4.24 | CN¥12.05 | x |
| 2022-12-31 | CN¥4.65 | CN¥12.05 | x |
| 2023-12-31 | CN¥4.49 | CN¥12.05 | x |
| 2024-12-31 | CN¥4.61 | CN¥12.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yutong Heavy Industries 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): 9.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.98%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.93x
- Recent ROE (9.32%) is below the historical average (46.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 3.68% | 6.11% | 0.34x | 1.77x | CN¥-7.51 Million |
| 1995 | 3.56% | 3.48% | 0.43x | 2.40x | CN¥-7.94 Million |
| 1996 | 10.69% | 11.75% | 0.33x | 2.75x | CN¥885.26K |
| 1997 | 4.79% | 3.26% | 0.52x | 2.81x | CN¥-7.05 Million |
| 1998 | -40.07% | -28.59% | 0.34x | 4.07x | CN¥-42.58 Million |
| 1999 | 6.45% | 6.09% | 0.33x | 3.24x | CN¥-3.23 Million |
| 2000 | 25.31% | 3.44% | 1.64x | 4.48x | CN¥14.11 Million |
| 2001 | 1.06% | 0.14% | 1.32x | 5.94x | CN¥-9.08 Million |
| 2002 | 16.33% | 0.93% | 2.60x | 6.76x | CN¥7.68 Million |
| 2003 | 19.70% | 1.20% | 2.35x | 7.00x | CN¥14.67 Million |
| 2004 | 20.53% | 1.08% | 1.94x | 9.82x | CN¥20.04 Million |
| 2005 | 21.42% | 0.97% | 2.78x | 7.99x | CN¥26.28 Million |
| 2006 | 19.48% | 0.98% | 1.66x | 12.03x | CN¥28.72 Million |
| 2007 | -226.48% | -4.10% | 0.74x | 74.57x | CN¥-219.13 Million |
| 2008 | 0.00% | -10687.38% | 0.19x | 0.00x | CN¥-2.54 Billion |
| 2009 | 0.00% | -1899.84% | 0.13x | 0.00x | CN¥31.44 Million |
| 2010 | 0.00% | 448.11% | 0.17x | 0.00x | CN¥265.86 Million |
| 2011 | 0.00% | 44.71% | 0.17x | 0.00x | CN¥185.51 Million |
| 2012 | 1498.39% | 4237.86% | 0.05x | 6.51x | CN¥1.75 Billion |
| 2013 | 2.06% | 4.81% | 0.06x | 6.70x | CN¥-9.53 Million |
| 2014 | -15.13% | -52.78% | 0.06x | 4.57x | CN¥-27.19 Million |
| 2015 | -14.16% | -111.42% | 0.03x | 3.75x | CN¥-22.90 Million |
| 2016 | 3.37% | 61.42% | 0.03x | 1.73x | CN¥-6.50 Million |
| 2017 | -1.57% | -13.72% | 0.06x | 1.80x | CN¥-11.17 Million |
| 2018 | 4.92% | 10.03% | 0.26x | 1.86x | CN¥-5.16 Million |
| 2019 | 21.34% | 532.59% | 0.29x | 0.14x | CN¥164.44 Million |
| 2020 | 16.79% | 8.44% | 0.81x | 2.45x | CN¥118.99 Million |
| 2021 | 17.76% | 10.46% | 0.79x | 2.16x | CN¥171.71 Million |
| 2022 | 15.87% | 10.76% | 0.76x | 1.95x | CN¥142.64 Million |
| 2023 | 8.90% | 7.51% | 0.65x | 1.83x | CN¥-27.01 Million |
| 2024 | 9.32% | 5.98% | 0.81x | 1.93x | CN¥-16.58 Million |
Industry Comparison
This section compares Yutong Heavy Industries 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: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yutong Heavy Industries Co Ltd (600817) | CN¥2.54 Billion | 3.68% | 0.60x | $221.49 Million |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |