Yapp Automotive Systems Co Ltd (603013) - Net Assets
Based on the latest financial reports, Yapp Automotive Systems Co Ltd (603013) has net assets worth CN¥4.97 Billion CNY (≈ $727.29 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¥7.62 Billion ≈ $1.11 Billion USD) and total liabilities (CN¥2.65 Billion ≈ $387.66 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 Yapp Automotive Systems Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.97 Billion |
| % of Total Assets | 65.23% |
| Annual Growth Rate | 13.03% |
| 5-Year Change | 24.05% |
| 10-Year Change | 87.12% |
| Growth Volatility | 29.44 |
Yapp Automotive Systems Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Yapp Automotive Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Yapp Automotive Systems Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Yapp Automotive Systems Co Ltd (2011–2024)
The table below shows the annual net assets of Yapp Automotive Systems Co Ltd from 2011 to 2024. For live valuation and market cap data, see how much is Yapp Automotive Systems Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.37 Billion ≈ $638.89 Million |
+4.90% |
| 2023-12-31 | CN¥4.16 Billion ≈ $609.03 Million |
+6.55% |
| 2022-12-31 | CN¥3.91 Billion ≈ $571.60 Million |
+7.65% |
| 2021-12-31 | CN¥3.63 Billion ≈ $531.00 Million |
+3.10% |
| 2020-12-31 | CN¥3.52 Billion ≈ $515.03 Million |
+5.34% |
| 2019-12-31 | CN¥3.34 Billion ≈ $488.92 Million |
+7.16% |
| 2018-12-31 | CN¥3.12 Billion ≈ $456.25 Million |
+42.65% |
| 2017-12-31 | CN¥2.19 Billion ≈ $319.84 Million |
+11.91% |
| 2016-12-31 | CN¥1.95 Billion ≈ $285.79 Million |
-16.30% |
| 2015-12-31 | CN¥2.33 Billion ≈ $341.44 Million |
+105.35% |
| 2013-12-31 | CN¥1.14 Billion ≈ $166.27 Million |
+11.39% |
| 2012-12-31 | CN¥1.02 Billion ≈ $149.28 Million |
+14.90% |
| 2011-12-31 | CN¥887.80 Million ≈ $129.91 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Yapp Automotive Systems 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 1527.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.69 Billion | 64.00% |
| Common Stock | CN¥512.60 Million | 12.19% |
| Other Comprehensive Income | CN¥250.90 Million | 5.97% |
| Other Components | CN¥750.28 Million | 17.84% |
| Total Equity | CN¥4.20 Billion | 100.00% |
Yapp Automotive Systems Co Ltd Competitors by Market Cap
The table below lists competitors of Yapp Automotive Systems Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Swan Energy Limited
NSE:SWANENERGY
|
$1.54 Billion |
|
GUARANTY TR.HLDG.GDR REGS
F:9JO
|
$1.54 Billion |
|
4DMEDICAL Ltd
AU:4DX
|
$1.54 Billion |
|
Kiatnakin Phatra Bank Public Company Limited
BK:KKP-R
|
$1.54 Billion |
|
Korea Circuit Co. Ltd.
KO:007810
|
$1.54 Billion |
|
Dalian Zeus Entertainment
SHE:002354
|
$1.54 Billion |
|
Alrov Properties & Lodgings Ltd
TA:ALRPR
|
$1.54 Billion |
|
Serena Energia S.A.
SA:SRNA3
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Yapp Automotive Systems Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,014,524,602 to 4,204,577,069, a change of 190,052,467 (4.7%).
- Net income of 500,097,771 contributed positively to equity growth.
- Dividend payments of 232,905,951 reduced retained earnings.
- Other comprehensive income increased equity by 274,035,666.
- Other factors decreased equity by 351,175,019.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥500.10 Million | +11.89% |
| Dividends Paid | CN¥232.91 Million | -5.54% |
| Other Comprehensive Income | CN¥274.04 Million | +6.52% |
| Other Changes | CN¥-351.18 Million | -8.35% |
| Total Change | CN¥- | 4.73% |
Book Value vs Market Value Analysis
This analysis compares Yapp Automotive Systems 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: 2.53x
- 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 10.77x to 2.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.93 | CN¥20.74 | x |
| 2012-12-31 | CN¥2.22 | CN¥20.74 | x |
| 2013-12-31 | CN¥2.48 | CN¥20.74 | x |
| 2015-12-31 | CN¥5.13 | CN¥20.74 | x |
| 2016-12-31 | CN¥4.27 | CN¥20.74 | x |
| 2017-12-31 | CN¥4.67 | CN¥20.74 | x |
| 2018-12-31 | CN¥6.28 | CN¥20.74 | x |
| 2019-12-31 | CN¥6.36 | CN¥20.74 | x |
| 2020-12-31 | CN¥6.70 | CN¥20.74 | x |
| 2021-12-31 | CN¥6.89 | CN¥20.74 | x |
| 2022-12-31 | CN¥7.37 | CN¥20.74 | x |
| 2023-12-31 | CN¥7.84 | CN¥20.74 | x |
| 2024-12-31 | CN¥8.20 | CN¥20.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Yapp Automotive Systems 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): 11.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.19%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.60x
- Recent ROE (11.89%) is below the historical average (15.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 23.70% | 6.76% | 1.42x | 2.47x | CN¥118.75 Million |
| 2012 | 22.00% | 6.42% | 1.44x | 2.37x | CN¥119.91 Million |
| 2013 | 19.85% | 5.44% | 1.44x | 2.54x | CN¥109.85 Million |
| 2015 | 16.95% | 6.28% | 1.40x | 1.92x | CN¥160.19 Million |
| 2016 | 19.68% | 5.74% | 1.29x | 2.67x | CN¥185.17 Million |
| 2017 | 15.85% | 4.73% | 1.30x | 2.58x | CN¥123.62 Million |
| 2018 | 10.99% | 4.25% | 1.27x | 2.03x | CN¥30.08 Million |
| 2019 | 11.84% | 4.20% | 1.34x | 2.10x | CN¥59.71 Million |
| 2020 | 14.82% | 5.71% | 1.40x | 1.85x | CN¥164.70 Million |
| 2021 | 14.19% | 6.19% | 1.36x | 1.69x | CN¥147.30 Million |
| 2022 | 13.26% | 5.93% | 1.40x | 1.60x | CN¥123.24 Million |
| 2023 | 11.61% | 5.43% | 1.34x | 1.60x | CN¥64.67 Million |
| 2024 | 11.89% | 6.19% | 1.20x | 1.60x | CN¥79.64 Million |
Industry Comparison
This section compares Yapp Automotive Systems Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Yapp Automotive Systems Co Ltd (603013) | CN¥4.97 Billion | 23.70% | 0.53x | $1.54 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About Yapp Automotive Systems Co Ltd
YAPP Automotive Systems Co., Ltd. engages in the research and development, manufacturing, and sale and service of energy storage system products and thermal management system products. It offers fuel systems, including high-pressure fuel systems for hybrid vehicles; battery pack shells; energy storage battery pack boxes; fuel material battery hydrogen storage system, etc. The company provides ext… Read more