China Automotive Engineering Research Institute Co Ltd (601965) - Net Assets
Based on the latest financial reports, China Automotive Engineering Research Institute Co Ltd (601965) has net assets worth CN¥9.01 Billion CNY (≈ $1.32 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.46 Billion ≈ $1.82 Billion USD) and total liabilities (CN¥3.45 Billion ≈ $505.20 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 601965 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.01 Billion |
| % of Total Assets | 72.3% |
| Annual Growth Rate | 16.77% |
| 5-Year Change | 42.46% |
| 10-Year Change | 94.62% |
| Growth Volatility | 37.92 |
China Automotive Engineering Research Institute Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how China Automotive Engineering Research Institute Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 601965 market cap.
Annual Net Assets for China Automotive Engineering Research Institute Co Ltd (2009–2024)
The table below shows the annual net assets of China Automotive Engineering Research Institute Co Ltd from 2009 to 2024. Also explore 601965 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+9.20% |
| 2023-12-31 | CN¥6.82 Billion ≈ $998.30 Million |
+10.01% |
| 2022-12-31 | CN¥6.20 Billion ≈ $907.43 Million |
+8.35% |
| 2021-12-31 | CN¥5.72 Billion ≈ $837.48 Million |
+9.44% |
| 2020-12-31 | CN¥5.23 Billion ≈ $765.23 Million |
+10.97% |
| 2019-12-31 | CN¥4.71 Billion ≈ $689.57 Million |
+5.21% |
| 2018-12-31 | CN¥4.48 Billion ≈ $655.41 Million |
+5.29% |
| 2017-12-31 | CN¥4.25 Billion ≈ $622.51 Million |
+5.31% |
| 2016-12-31 | CN¥4.04 Billion ≈ $591.14 Million |
+5.53% |
| 2015-12-31 | CN¥3.83 Billion ≈ $560.14 Million |
+6.74% |
| 2014-12-31 | CN¥3.59 Billion ≈ $524.77 Million |
+8.85% |
| 2013-12-31 | CN¥3.29 Billion ≈ $482.09 Million |
+12.13% |
| 2012-12-31 | CN¥2.94 Billion ≈ $429.94 Million |
+160.52% |
| 2011-12-31 | CN¥1.13 Billion ≈ $165.03 Million |
+27.81% |
| 2010-12-31 | CN¥882.41 Million ≈ $129.12 Million |
+21.24% |
| 2009-12-31 | CN¥727.85 Million ≈ $106.51 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to China Automotive Engineering Research Institute 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 3162.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.91 Billion | 55.41% |
| Other Components | CN¥3.15 Billion | 44.59% |
| Total Equity | CN¥7.06 Billion | 100.00% |
China Automotive Engineering Research Institute Co Ltd Competitors by Market Cap
The table below lists competitors of China Automotive Engineering Research Institute Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
King’s Town Bank
TW:2809
|
$1.98 Billion |
|
Zhejiang Hisun Pharmaceutical Co Ltd
SHG:600267
|
$1.98 Billion |
|
Domain Holdings Australia Ltd
AU:DHG
|
$1.98 Billion |
|
Malaysian Pacific Industries
KLSE:3867
|
$1.98 Billion |
|
Resolute Mining Ltd
AU:RSG
|
$1.98 Billion |
|
AVI LTD (UNSP.ADR)/5
F:IZ60
|
$1.98 Billion |
|
OKE Precision Cutting Tools Co. Ltd. A
SHG:688308
|
$1.98 Billion |
|
BaoViet Holdings
VN:BVH
|
$1.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Automotive Engineering Research Institute Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,535,104,223 to 7,060,807,596, a change of 525,703,373 (8.0%).
- Net income of 907,775,264 contributed positively to equity growth.
- Dividend payments of 360,649,968 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥907.78 Million | +12.86% |
| Dividends Paid | CN¥360.65 Million | -5.11% |
| Other Changes | CN¥-21.42 Million | -0.3% |
| Total Change | CN¥- | 8.04% |
Book Value vs Market Value Analysis
This analysis compares China Automotive Engineering Research Institute 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: 1.92x
- 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 3.06x to 1.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.41 | CN¥13.50 | x |
| 2018-12-31 | CN¥4.60 | CN¥13.50 | x |
| 2019-12-31 | CN¥4.84 | CN¥13.50 | x |
| 2020-12-31 | CN¥5.11 | CN¥13.50 | x |
| 2021-12-31 | CN¥5.54 | CN¥13.50 | x |
| 2022-12-31 | CN¥5.92 | CN¥13.50 | x |
| 2023-12-31 | CN¥6.51 | CN¥13.50 | x |
| 2024-12-31 | CN¥7.04 | CN¥13.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Automotive Engineering Research Institute 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): 12.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.33%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.42x
- Recent ROE (12.86%) is above the historical average (11.62%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 10.81% | 5.46% | 0.85x | 2.33x | CN¥5.64 Million |
| 2010 | 16.45% | 6.43% | 0.99x | 2.58x | CN¥54.37 Million |
| 2011 | 18.57% | 10.28% | 0.99x | 1.83x | CN¥92.36 Million |
| 2012 | 10.32% | 26.05% | 0.31x | 1.26x | CN¥9.21 Million |
| 2013 | 13.01% | 28.14% | 0.38x | 1.22x | CN¥97.79 Million |
| 2014 | 11.71% | 26.63% | 0.37x | 1.18x | CN¥60.49 Million |
| 2015 | 8.23% | 25.84% | 0.27x | 1.18x | CN¥-66.71 Million |
| 2016 | 8.46% | 20.56% | 0.35x | 1.19x | CN¥-61.84 Million |
| 2017 | 8.51% | 14.98% | 0.46x | 1.23x | CN¥-63.13 Million |
| 2018 | 9.00% | 14.60% | 0.48x | 1.28x | CN¥-44.42 Million |
| 2019 | 9.92% | 16.91% | 0.46x | 1.28x | CN¥-3.80 Million |
| 2020 | 11.11% | 16.42% | 0.51x | 1.32x | CN¥56.23 Million |
| 2021 | 12.63% | 18.05% | 0.54x | 1.30x | CN¥143.86 Million |
| 2022 | 11.59% | 20.94% | 0.41x | 1.35x | CN¥94.59 Million |
| 2023 | 12.80% | 20.41% | 0.46x | 1.37x | CN¥182.66 Million |
| 2024 | 12.86% | 19.33% | 0.47x | 1.42x | CN¥201.69 Million |
Industry Comparison
This section compares China Automotive Engineering Research Institute Co Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $33,662,294,233
- Average return on equity (ROE) among peers: 9.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Automotive Engineering Research Institute Co Ltd (601965) | CN¥9.01 Billion | 10.81% | 0.38x | $1.98 Billion |
| Weichai Power Co Ltd Class A (000338) | $104.11 Billion | 4.71% | 1.82x | $25.52 Billion |
| Jiangling Motors Corp Ltd (000550) | $3.62 Billion | 21.00% | 0.69x | $1.33 Billion |
| Haima Automobile Group Co Ltd (000572) | $5.72 Billion | 1.49% | 0.88x | $1.00 Billion |
| Chongqing Changan Automobile Co Ltd (000625) | $7.69 Billion | 8.67% | 0.87x | $8.62 Billion |
| Anhui Ankai Automobile Co Ltd (000868) | $1.26 Billion | -2.75% | 2.51x | $549.92 Million |
| Kunming Yunnei Power Co Ltd (000903) | $208.30 Million | 19.33% | 1.60x | $580.41 Million |
| Zhejiang Qianjiang Motorcycle Co Ltd (000913) | $217.30 Million | 23.56% | 1.47x | $833.47 Million |
| Zotye Automobile Co Ltd (000980) | $419.82 Million | 2.41% | 0.68x | $1.67 Billion |
| Yinyi Real Estate Co Ltd (000981) | $14.69 Billion | -7.48% | 1.51x | $4.42 Billion |
| BYD Co Ltd Class A (002594) | $198.69 Billion | 20.26% | 2.94x | $67.03 Billion |
About China Automotive Engineering Research Institute Co Ltd
China Automotive Engineering Research Institute Co., Ltd. provides various technical services for automobiles in China. It develops automotive and related product technologies; and offers research and development, testing and evaluation, product certification, software tools, and testing equipment and technical consulting services for automobiles. The company offers technical support and services… Read more