Hangzhou Advance Gearbox Group Co Ltd (601177) - Net Assets

Latest as of September 2025: CN¥2.89 Billion CNY ≈ $422.61 Million USD

Based on the latest financial reports, Hangzhou Advance Gearbox Group Co Ltd (601177) has net assets worth CN¥2.89 Billion CNY (≈ $422.61 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¥5.35 Billion ≈ $782.42 Million USD) and total liabilities (CN¥2.46 Billion ≈ $359.81 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 how resilient are Hangzhou Advance Gearbox Group Co Ltd's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore Hangzhou Advance Gearbox Group Co Ltd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Hangzhou Advance Gearbox Group Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	CN¥2.75 Billion ≈ $402.48 Million	+13.30%
2023-12-31	CN¥2.43 Billion ≈ $355.22 Million	+9.36%
2022-12-31	CN¥2.22 Billion ≈ $324.83 Million	+9.28%
2021-12-31	CN¥2.03 Billion ≈ $297.25 Million	+7.77%
2020-12-31	CN¥1.88 Billion ≈ $275.83 Million	+4.38%
2019-12-31	CN¥1.81 Billion ≈ $264.26 Million	+1.66%
2018-12-31	CN¥1.78 Billion ≈ $259.94 Million	+2.25%
2017-12-31	CN¥1.74 Billion ≈ $254.22 Million	+0.55%
2016-12-31	CN¥1.73 Billion ≈ $252.83 Million	+0.10%
2015-12-31	CN¥1.73 Billion ≈ $252.57 Million	-6.21%
2014-12-31	CN¥1.84 Billion ≈ $269.30 Million	-0.49%
2013-12-31	CN¥1.85 Billion ≈ $270.64 Million	+0.84%
2012-12-31	CN¥1.83 Billion ≈ $268.38 Million	-1.85%
2011-12-31	CN¥1.87 Billion ≈ $273.43 Million	+9.09%
2010-12-31	CN¥1.71 Billion ≈ $250.64 Million	+129.01%
2009-12-31	CN¥747.93 Million ≈ $109.45 Million	+29.61%
2008-12-31	CN¥577.08 Million ≈ $84.44 Million	+9.06%
2007-12-31	CN¥529.15 Million ≈ $77.43 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
Empire State Realty Trust Inc NYSE:ESRT	$951.02 Million
INDIA SHELTER FINANCE CORPORATION LIMITED NSE:INDIASHLTR	$951.30 Million
Uniphar Group PLC IR:UPR	$951.34 Million
Suzhou Hycan Holdings Co Ltd SHE:002787	$951.51 Million
CTT Correios de Portugal SA LS:CTT	$950.92 Million
Guangdong Kinlong Hardware Products Co Ltd SHE:002791	$950.76 Million
Bear Electric Appliance Co Ltd SHE:002959	$950.10 Million
Xiamen Anne Corp Ltd SHE:002235	$949.87 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: 2.40x
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 10.41x to 2.40x 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¥15.93	x
2008-12-31	CN¥1.65	CN¥15.93	x
2009-12-31	CN¥2.05	CN¥15.93	x
2010-12-31	CN¥4.73	CN¥15.93	x
2011-12-31	CN¥4.18	CN¥15.93	x
2012-12-31	CN¥4.28	CN¥15.93	x
2013-12-31	CN¥4.30	CN¥15.93	x
2014-12-31	CN¥4.34	CN¥15.93	x
2015-12-31	CN¥4.04	CN¥15.93	x
2016-12-31	CN¥4.02	CN¥15.93	x
2017-12-31	CN¥4.01	CN¥15.93	x
2018-12-31	CN¥4.51	CN¥15.93	x
2019-12-31	CN¥4.12	CN¥15.93	x
2020-12-31	CN¥4.30	CN¥15.93	x
2021-12-31	CN¥4.85	CN¥15.93	x
2022-12-31	CN¥5.34	CN¥15.93	x
2023-12-31	CN¥5.85	CN¥15.93	x
2024-12-31	CN¥6.63	CN¥15.93	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: $2,004,947,424
Average return on equity (ROE) among peers: -24.91%

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	$951.01 Million
Huayi Compressor Co Ltd (000404)	$4.89 Billion	8.55%	1.57x	$843.29 Million
Shenyang Machine Tool Co Ltd (000410)	$824.03 Million	-170.30%	29.09x	$2.39 Billion
North Industries Group Red Arrow Co Ltd (000519)	$319.51 Million	4.81%	0.48x	$3.61 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$3.45 Billion	2.58%	0.60x	$520.37 Million
Changchai Co Ltd (000570)	$3.36 Billion	2.28%	0.55x	$522.04 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$327.45 Million	-65.69%	8.93x	$32.29 Million
Baota Industry Co Ltd (000595)	$746.32 Million	-18.39%	0.62x	$1.06 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$280.92 Million	8.98%	0.50x	$1.11 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.30 Billion	-22.46%	1.14x	$938.81 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$3.55 Billion	0.54%	0.80x	$1.66 Billion

About Hangzhou Advance Gearbox Group Co Ltd

SHG:601177 China Specialty Industrial Machinery

Market Cap

$951.01 Million

CN¥6.50 Billion CNY

Market Cap Rank

#9320 Global

#2530 in China

Share Price

CN¥15.93

Change (1 day)

-0.06%

52-Week Range

CN¥13.95 - CN¥21.28

All Time High

CN¥23.97