Triangle Tyre Co Ltd
Triangle Tyre Co.,Ltd engages in the research and development, design, manufacture, and marketing of tire products in China. The company's products include passenger tires, engineering tires, jumbo tires, truck and bus tires, off-the-road tires, commercial vehicle tires, and radial tires, as well as specialty tires. It provides its products through branches, as well as dealers and online in North… Read more
Triangle Tyre Co Ltd (601163) - Net Assets
Latest net assets as of September 2025: CN¥13.71 Billion CNY
Based on the latest financial reports, Triangle Tyre Co Ltd (601163) has net assets worth CN¥13.71 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¥19.22 Billion) and total liabilities (CN¥5.51 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¥13.71 Billion |
| % of Total Assets | 71.34% |
| Annual Growth Rate | 12.9% |
| 5-Year Change | 23.78% |
| 10-Year Change | 391.86% |
| Growth Volatility | 44.2 |
Triangle Tyre Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Triangle Tyre 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 Triangle Tyre Co Ltd (2008–2024)
The table below shows the annual net assets of Triangle Tyre Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥13.44 Billion | +4.43% |
| 2023-12-31 | CN¥12.87 Billion | +10.05% |
| 2022-12-31 | CN¥11.70 Billion | +4.94% |
| 2021-12-31 | CN¥11.15 Billion | +2.63% |
| 2020-12-31 | CN¥10.86 Billion | +7.84% |
| 2019-12-31 | CN¥10.07 Billion | +7.46% |
| 2018-12-31 | CN¥9.37 Billion | +17.04% |
| 2017-12-31 | CN¥8.01 Billion | +2.13% |
| 2016-12-31 | CN¥7.84 Billion | +186.87% |
| 2015-12-31 | CN¥2.73 Billion | -3.38% |
| 2014-12-31 | CN¥2.83 Billion | -6.19% |
| 2013-12-31 | CN¥3.02 Billion | +11.18% |
| 2012-12-31 | CN¥2.71 Billion | +3.13% |
| 2011-12-31 | CN¥2.63 Billion | +5.18% |
| 2010-12-31 | CN¥2.50 Billion | +6.25% |
| 2009-12-31 | CN¥2.35 Billion | +21.89% |
| 2008-12-31 | CN¥1.93 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Triangle Tyre 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 474.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.08 Billion | 45.20% |
| Common Stock | CN¥800.00 Million | 5.95% |
| Other Comprehensive Income | CN¥2.47 Billion | 18.39% |
| Other Components | CN¥4.09 Billion | 30.46% |
| Total Equity | CN¥13.44 Billion | 100.00% |
Triangle Tyre Co Ltd Competitors by Market Cap
The table below lists competitors of Triangle Tyre Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Worldline SA
PINK:WWLNF
|
$564.91 Million |
|
Austal Limited
PINK:AUTLF
|
$564.96 Million |
|
Jiangxi Guotai Civilian
SHG:603977
|
$565.12 Million |
|
Minera Frisco S.A.B. de C.V
PINK:MFRVF
|
$565.46 Million |
|
Zhejiang Qianjiang Motorcycle Co Ltd
SHE:000913
|
$564.67 Million |
|
JM Financial Limited
NSE:JMFINANCIL
|
$564.59 Million |
|
SmartFinancial, Inc.
NYSE:SMBK
|
$564.51 Million |
|
Siltronic AG
PINK:SSLLF
|
$564.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Triangle Tyre Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,871,366,970 to 13,441,932,872, a change of 570,565,902 (4.4%).
- Net income of 1,102,667,062 contributed positively to equity growth.
- Dividend payments of 575,501,207 reduced retained earnings.
- Other comprehensive income increased equity by 4,044,127.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.10 Billion | +8.2% |
| Dividends Paid | CN¥575.50 Million | -4.28% |
| Other Comprehensive Income | CN¥4.04 Million | +0.03% |
| Other Changes | CN¥39.36 Million | +0.29% |
| Total Change | CN¥- | 4.43% |
Book Value vs Market Value Analysis
This analysis compares Triangle Tyre 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 4.69x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥3.20 | CN¥14.99 | x |
| 2009-12-31 | CN¥3.89 | CN¥14.99 | x |
| 2010-12-31 | CN¥4.10 | CN¥14.99 | x |
| 2011-12-31 | CN¥4.40 | CN¥14.99 | x |
| 2012-12-31 | CN¥4.53 | CN¥14.99 | x |
| 2013-12-31 | CN¥5.04 | CN¥14.99 | x |
| 2014-12-31 | CN¥4.72 | CN¥14.99 | x |
| 2015-12-31 | CN¥4.55 | CN¥14.99 | x |
| 2016-12-31 | CN¥12.07 | CN¥14.99 | x |
| 2017-12-31 | CN¥9.94 | CN¥14.99 | x |
| 2018-12-31 | CN¥11.64 | CN¥14.99 | x |
| 2019-12-31 | CN¥12.59 | CN¥14.99 | x |
| 2020-12-31 | CN¥13.58 | CN¥14.99 | x |
| 2021-12-31 | CN¥13.93 | CN¥14.99 | x |
| 2022-12-31 | CN¥14.62 | CN¥14.99 | x |
| 2023-12-31 | CN¥16.13 | CN¥14.99 | x |
| 2024-12-31 | CN¥16.82 | CN¥14.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Triangle Tyre 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): 8.20%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.86%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.43x
- Recent ROE (8.20%) is below the historical average (14.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 2.45% | 0.63% | 1.23x | 3.16x | CN¥-144.46 Million |
| 2009 | 17.70% | 5.27% | 1.19x | 2.82x | CN¥178.99 Million |
| 2010 | 20.23% | 5.27% | 1.28x | 2.99x | CN¥250.93 Million |
| 2011 | 18.66% | 4.78% | 1.40x | 2.78x | CN¥227.66 Million |
| 2012 | 22.95% | 6.21% | 1.41x | 2.62x | CN¥351.15 Million |
| 2013 | 29.96% | 8.98% | 1.30x | 2.56x | CN¥601.98 Million |
| 2014 | 35.81% | 11.05% | 1.07x | 3.04x | CN¥730.23 Million |
| 2015 | 29.47% | 11.21% | 0.81x | 3.24x | CN¥532.24 Million |
| 2016 | 10.52% | 12.30% | 0.51x | 1.69x | CN¥40.98 Million |
| 2017 | 6.04% | 6.10% | 0.54x | 1.82x | CN¥-317.26 Million |
| 2018 | 5.15% | 6.43% | 0.52x | 1.55x | CN¥-454.16 Million |
| 2019 | 8.41% | 10.67% | 0.53x | 1.50x | CN¥-159.92 Million |
| 2020 | 9.76% | 12.42% | 0.51x | 1.53x | CN¥-26.11 Million |
| 2021 | 5.39% | 6.71% | 0.53x | 1.50x | CN¥-514.11 Million |
| 2022 | 6.31% | 8.00% | 0.52x | 1.51x | CN¥-431.92 Million |
| 2023 | 10.85% | 13.40% | 0.56x | 1.46x | CN¥109.17 Million |
| 2024 | 8.20% | 10.86% | 0.53x | 1.43x | CN¥-241.53 Million |
Industry Comparison
This section compares Triangle Tyre Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,350,100,516
- Average return on equity (ROE) among peers: 1.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triangle Tyre Co Ltd (601163) | CN¥13.71 Billion | 2.45% | 0.40x | $564.75 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.47 Billion | 0.00% | 0.00x | $357.04 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.12 Billion | 6.41% | 1.35x | $2.55 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.53 Billion | 7.20% | 0.77x | $1.94 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $795.51 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -29.03% | 3.14x | $451.93 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $222.30 Million | 0.00% | 0.68x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $541.12 Million | -10.38% | 0.80x | $634.11 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.41 Billion | 12.25% | 0.89x | $946.59 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.79 Billion | 4.84% | 0.58x | $233.01 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $1.97 Billion | 26.21% | 0.98x | $2.06 Billion |