Triangle Tyre Co Ltd (601163) - Net Assets
Based on the latest financial reports, Triangle Tyre Co Ltd (601163) has net assets worth CN¥14.17 Billion CNY (≈ $2.07 Billion 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¥19.60 Billion ≈ $2.87 Billion USD) and total liabilities (CN¥5.44 Billion ≈ $795.37 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 Triangle Tyre Co Ltd (601163) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥14.17 Billion |
| % of Total Assets | 72.27% |
| Annual Growth Rate | 12.34% |
| 5-Year Change | 25.12% |
| 10-Year Change | 77.87% |
| Growth Volatility | 43.01 |
Triangle Tyre Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Triangle Tyre Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Triangle Tyre Co Ltd (601163) total market value.
Annual Net Assets for Triangle Tyre Co Ltd (2008–2025)
The table below shows the annual net assets of Triangle Tyre Co Ltd from 2008 to 2025. Also explore Triangle Tyre Co Ltd (601163) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥13.95 Billion ≈ $2.04 Billion |
+3.74% |
| 2024-12-31 | CN¥13.44 Billion ≈ $1.97 Billion |
+4.43% |
| 2023-12-31 | CN¥12.87 Billion ≈ $1.88 Billion |
+10.05% |
| 2022-12-31 | CN¥11.70 Billion ≈ $1.71 Billion |
+4.94% |
| 2021-12-31 | CN¥11.15 Billion ≈ $1.63 Billion |
+2.63% |
| 2020-12-31 | CN¥10.86 Billion ≈ $1.59 Billion |
+7.84% |
| 2019-12-31 | CN¥10.07 Billion ≈ $1.47 Billion |
+7.46% |
| 2018-12-31 | CN¥9.37 Billion ≈ $1.37 Billion |
+17.04% |
| 2017-12-31 | CN¥8.01 Billion ≈ $1.17 Billion |
+2.13% |
| 2016-12-31 | CN¥7.84 Billion ≈ $1.15 Billion |
+186.87% |
| 2015-12-31 | CN¥2.73 Billion ≈ $399.95 Million |
-3.38% |
| 2014-12-31 | CN¥2.83 Billion ≈ $413.96 Million |
-6.19% |
| 2013-12-31 | CN¥3.02 Billion ≈ $441.25 Million |
+11.18% |
| 2012-12-31 | CN¥2.71 Billion ≈ $396.87 Million |
+3.13% |
| 2011-12-31 | CN¥2.63 Billion ≈ $384.83 Million |
+5.18% |
| 2010-12-31 | CN¥2.50 Billion ≈ $365.88 Million |
+6.25% |
| 2009-12-31 | CN¥2.35 Billion ≈ $344.36 Million |
+21.89% |
| 2008-12-31 | CN¥1.93 Billion ≈ $282.51 Million |
-- |
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 522.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.58 Billion | 47.19% |
| Other Components | CN¥7.36 Billion | 52.81% |
| Total Equity | CN¥13.94 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 |
|---|---|
|
Burkhalter Holding AG
SW:BRKN
|
$1.44 Billion |
|
Res Robex Inc
V:RBX
|
$1.44 Billion |
|
Hyundai Department
KO:069960
|
$1.44 Billion |
|
ERAMET EO 305 ADR 1/10
F:ER70
|
$1.44 Billion |
|
Sundaram Finance Holdings Limited
NSE:SUNDARMHLD
|
$1.44 Billion |
|
Fufeng Group Limited
F:FFO1
|
$1.44 Billion |
|
Playa Hotels & Resorts BV
F:PL0
|
$1.44 Billion |
|
Shenzhen Chipscreen Biosciences Co
SHG:688321
|
$1.44 Billion |
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 2024 to 2025, total equity changed from 13,441,932,872 to 13,944,638,382, a change of 502,705,510 (3.7%).
- Net income of 922,888,822 contributed positively to equity growth.
- Dividend payments of 452,702,343 reduced retained earnings.
- Other comprehensive income decreased equity by 2,471,623,107.
- Other factors increased equity by 2,504,142,138.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥922.89 Million | +6.62% |
| Dividends Paid | CN¥452.70 Million | -3.25% |
| Other Comprehensive Income | CN¥-2.47 Billion | -17.72% |
| Other Changes | CN¥2.50 Billion | +17.96% |
| Total Change | CN¥- | 3.74% |
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: 0.71x
- 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 3.84x to 0.71x 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¥12.29 | x |
| 2009-12-31 | CN¥3.89 | CN¥12.29 | x |
| 2010-12-31 | CN¥4.10 | CN¥12.29 | x |
| 2011-12-31 | CN¥4.40 | CN¥12.29 | x |
| 2012-12-31 | CN¥4.53 | CN¥12.29 | x |
| 2013-12-31 | CN¥5.04 | CN¥12.29 | x |
| 2014-12-31 | CN¥4.72 | CN¥12.29 | x |
| 2015-12-31 | CN¥4.55 | CN¥12.29 | x |
| 2016-12-31 | CN¥12.07 | CN¥12.29 | x |
| 2017-12-31 | CN¥9.94 | CN¥12.29 | x |
| 2018-12-31 | CN¥11.64 | CN¥12.29 | x |
| 2019-12-31 | CN¥12.59 | CN¥12.29 | x |
| 2020-12-31 | CN¥13.58 | CN¥12.29 | x |
| 2021-12-31 | CN¥13.93 | CN¥12.29 | x |
| 2022-12-31 | CN¥14.62 | CN¥12.29 | x |
| 2023-12-31 | CN¥16.13 | CN¥12.29 | x |
| 2024-12-31 | CN¥16.82 | CN¥12.29 | x |
| 2025-12-31 | CN¥17.43 | CN¥12.29 | 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): 6.62%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.40%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.40x
- Recent ROE (6.62%) is below the historical average (14.14%), 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 |
| 2025 | 6.62% | 9.40% | 0.50x | 1.40x | CN¥-471.58 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: $2,049,123,028
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Triangle Tyre Co Ltd (601163) | CN¥14.17 Billion | 2.45% | 0.38x | $1.44 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $116.97 Million | 5.53% | 11.30x | $971.32 Million |
| Wanxiang Qianchao Co Ltd (000559) | $1.86 Billion | 8.12% | 0.67x | $5.02 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $643.09 Million | 12.97% | 1.20x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.63 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $201.35 Million | -6.58% | 0.62x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $871.28 Million | -4.06% | 1.57x | $579.74 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.48 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-1.09 Billion | 0.00% | 0.00x | $323.51 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $-54.85 Million | 0.00% | 0.00x | $3.63 Billion |
About Triangle Tyre Co Ltd
Triangle Tyre Co.,Ltd engages in the research and development, design, manufacture, and marketing of tire products in China and internationally. The company offers commercial vehicle tires, passenger car tires, engineering tires, giant tires, and special vehicle tires to the automobile manufacturers, construction machinery plants, end consumers, mines, engineering projects, and corporate clients.… Read more