Hangzhou Advance Gearbox Group Co Ltd
Hangzhou Advance Gearbox Group Co., Ltd. engages in the production and sale of gearboxes and other products in China and internationally. The company provides marine gearboxes and ship propulsion systems, engineering machinery speed change boxes, wind power speed increase boxes and industrial gearboxes, automobile transfer cases, agricultural machinery gearboxes and drive axles, friction material… Read more
Hangzhou Advance Gearbox Group Co Ltd (601177) - Net Assets
Latest net assets as of September 2025: CN¥2.89 Billion CNY
Based on the latest financial reports, Hangzhou Advance Gearbox Group Co Ltd (601177) has net assets worth CN¥2.89 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¥5.35 Billion) and total liabilities (CN¥2.46 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¥2.89 Billion |
| % of Total Assets | 54.01% |
| Annual Growth Rate | 10.18% |
| 5-Year Change | 45.92% |
| 10-Year Change | 59.35% |
| Growth Volatility | 30.08 |
Hangzhou Advance Gearbox Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Hangzhou Advance Gearbox Group 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 Hangzhou Advance Gearbox Group Co Ltd (2007–2024)
The table below shows the annual net assets of Hangzhou Advance Gearbox Group Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.75 Billion | +13.30% |
| 2023-12-31 | CN¥2.43 Billion | +9.36% |
| 2022-12-31 | CN¥2.22 Billion | +9.28% |
| 2021-12-31 | CN¥2.03 Billion | +7.77% |
| 2020-12-31 | CN¥1.88 Billion | +4.38% |
| 2019-12-31 | CN¥1.81 Billion | +1.66% |
| 2018-12-31 | CN¥1.78 Billion | +2.25% |
| 2017-12-31 | CN¥1.74 Billion | +0.55% |
| 2016-12-31 | CN¥1.73 Billion | +0.10% |
| 2015-12-31 | CN¥1.73 Billion | -6.21% |
| 2014-12-31 | CN¥1.84 Billion | -0.49% |
| 2013-12-31 | CN¥1.85 Billion | +0.84% |
| 2012-12-31 | CN¥1.83 Billion | -1.85% |
| 2011-12-31 | CN¥1.87 Billion | +9.09% |
| 2010-12-31 | CN¥1.71 Billion | +129.01% |
| 2009-12-31 | CN¥747.93 Million | +29.61% |
| 2008-12-31 | CN¥577.08 Million | +9.06% |
| 2007-12-31 | CN¥529.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Advance Gearbox Group 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 812.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.10 Billion | 41.44% |
| Common Stock | CN¥407.98 Million | 15.35% |
| Other Comprehensive Income | CN¥268.68 Million | 10.11% |
| Other Components | CN¥879.62 Million | 33.10% |
| Total Equity | CN¥2.66 Billion | 100.00% |
Hangzhou Advance Gearbox Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Advance Gearbox Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yueyang Xingchang Petro-Chemical Co Ltd
SHE:000819
|
$493.33 Million |
|
Forestar Group Inc
NYSE:FOR
|
$493.42 Million |
|
Shanghai Chuangli Group Co Ltd
SHG:603012
|
$493.70 Million |
|
Empresa Nacional de Telecomunicaciones SA
SN:ENTEL
|
$493.89 Million |
|
Eco World Develop Group
KLSE:8206
|
$493.24 Million |
|
Green Dot Corporation
NYSE:GDOT
|
$493.19 Million |
|
Puregold Price Club Inc
PINK:PGCMF
|
$493.17 Million |
|
Canada Goose Holdings Inc
NYSE:GOOS
|
$493.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Advance Gearbox Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,339,948,776 to 2,657,590,832, a change of 317,642,056 (13.6%).
- Net income of 240,817,920 contributed positively to equity growth.
- Dividend payments of 52,614,985 reduced retained earnings.
- Other comprehensive income increased equity by 90,701,108.
- Other factors increased equity by 38,738,013.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥240.82 Million | +9.06% |
| Dividends Paid | CN¥52.61 Million | -1.98% |
| Other Comprehensive Income | CN¥90.70 Million | +3.41% |
| Other Changes | CN¥38.74 Million | +1.46% |
| Total Change | CN¥- | 13.57% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Advance Gearbox Group 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: 2.39x
- 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 10.38x to 2.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥1.53 | CN¥15.88 | x |
| 2008-12-31 | CN¥1.65 | CN¥15.88 | x |
| 2009-12-31 | CN¥2.05 | CN¥15.88 | x |
| 2010-12-31 | CN¥4.73 | CN¥15.88 | x |
| 2011-12-31 | CN¥4.18 | CN¥15.88 | x |
| 2012-12-31 | CN¥4.28 | CN¥15.88 | x |
| 2013-12-31 | CN¥4.30 | CN¥15.88 | x |
| 2014-12-31 | CN¥4.34 | CN¥15.88 | x |
| 2015-12-31 | CN¥4.04 | CN¥15.88 | x |
| 2016-12-31 | CN¥4.02 | CN¥15.88 | x |
| 2017-12-31 | CN¥4.01 | CN¥15.88 | x |
| 2018-12-31 | CN¥4.51 | CN¥15.88 | x |
| 2019-12-31 | CN¥4.12 | CN¥15.88 | x |
| 2020-12-31 | CN¥4.30 | CN¥15.88 | x |
| 2021-12-31 | CN¥4.85 | CN¥15.88 | x |
| 2022-12-31 | CN¥5.34 | CN¥15.88 | x |
| 2023-12-31 | CN¥5.85 | CN¥15.88 | x |
| 2024-12-31 | CN¥6.63 | CN¥15.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Advance Gearbox Group 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): 9.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.47%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.87x
- Recent ROE (9.06%) is above the historical average (5.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.35% | 3.59% | 0.83x | 4.13x | CN¥9.79 Million |
| 2008 | 16.70% | 4.25% | 0.80x | 4.91x | CN¥30.15 Million |
| 2009 | 14.25% | 4.75% | 0.75x | 3.98x | CN¥25.44 Million |
| 2010 | 8.43% | 5.85% | 0.68x | 2.13x | CN¥-24.06 Million |
| 2011 | 8.92% | 6.29% | 0.65x | 2.16x | CN¥-18.15 Million |
| 2012 | 4.01% | 4.08% | 0.51x | 1.91x | CN¥-102.54 Million |
| 2013 | 1.34% | 1.24% | 0.49x | 2.19x | CN¥-149.10 Million |
| 2014 | 1.17% | 1.15% | 0.45x | 2.26x | CN¥-153.38 Million |
| 2015 | -7.42% | -8.02% | 0.38x | 2.46x | CN¥-281.59 Million |
| 2016 | 0.45% | 0.47% | 0.40x | 2.39x | CN¥-153.74 Million |
| 2017 | 0.66% | 0.64% | 0.44x | 2.36x | CN¥-150.05 Million |
| 2018 | 0.89% | 0.89% | 0.43x | 2.34x | CN¥-148.97 Million |
| 2019 | 1.20% | 1.19% | 0.43x | 2.35x | CN¥-145.29 Million |
| 2020 | 4.88% | 4.37% | 0.48x | 2.33x | CN¥-88.13 Million |
| 2021 | 7.72% | 7.01% | 0.47x | 2.37x | CN¥-44.18 Million |
| 2022 | 9.81% | 9.53% | 0.49x | 2.08x | CN¥-4.05 Million |
| 2023 | 9.04% | 11.23% | 0.39x | 2.04x | CN¥-22.53 Million |
| 2024 | 9.06% | 10.47% | 0.46x | 1.87x | CN¥-24.94 Million |
Industry Comparison
This section compares Hangzhou Advance Gearbox Group Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,756,582,101
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Advance Gearbox Group Co Ltd (601177) | CN¥2.89 Billion | 12.35% | 0.85x | $493.29 Million |
| Huayi Compressor Co Ltd (000404) | $4.62 Billion | 6.27% | 1.54x | $442.00 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.64 Billion | 1.42% | 7.02x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.01 Billion | 5.39% | 0.56x | $1.99 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $253.05 Million | 8.02% | 1.40x | $521.27 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $2.55 Billion | 0.37% | 0.97x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $534.59 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.02 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $4.26 Billion | 10.07% | 2.30x | $779.89 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.87 Billion | 7.25% | 1.03x | $897.36 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $316.43 Million | 11.36% | 5.88x | $460.99 Million |