Changshu Automotive Trim Co
Jiangsu Changshu Automotive Trim Group Co., Ltd. engages in the research and development, production, and sales of automotive interior parts assembly products in China and internationally. The company provides IP/console, air vents, door trim, window regulator, pillars/sills, seatings, parcel shelf, trunk trim, carpet, bumpers, FEM, plastic tailgate, high gloss B pillar, and wheelhouse. The compa… Read more
Changshu Automotive Trim Co (603035) - Net Assets
Latest net assets as of September 2025: CN¥5.44 Billion CNY
Based on the latest financial reports, Changshu Automotive Trim Co (603035) has net assets worth CN¥5.44 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¥11.78 Billion) and total liabilities (CN¥6.34 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¥5.44 Billion |
| % of Total Assets | 46.17% |
| Annual Growth Rate | 18.09% |
| 5-Year Change | 44.75% |
| 10-Year Change | 324.05% |
| Growth Volatility | 18.08 |
Changshu Automotive Trim Co - Net Assets Trend (2011–2024)
This chart illustrates how Changshu Automotive Trim Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changshu Automotive Trim Co (2011–2024)
The table below shows the annual net assets of Changshu Automotive Trim Co from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.31 Billion | +5.44% |
| 2023-12-31 | CN¥5.04 Billion | +8.69% |
| 2022-12-31 | CN¥4.64 Billion | +12.72% |
| 2021-12-31 | CN¥4.11 Billion | +12.05% |
| 2020-12-31 | CN¥3.67 Billion | +26.12% |
| 2019-12-31 | CN¥2.91 Billion | +15.74% |
| 2018-12-31 | CN¥2.52 Billion | +11.89% |
| 2017-12-31 | CN¥2.25 Billion | +8.02% |
| 2016-12-31 | CN¥2.08 Billion | +66.06% |
| 2015-12-31 | CN¥1.25 Billion | +10.93% |
| 2014-12-31 | CN¥1.13 Billion | +9.92% |
| 2013-12-31 | CN¥1.03 Billion | +9.51% |
| 2012-12-31 | CN¥938.44 Million | +53.45% |
| 2011-12-31 | CN¥611.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changshu Automotive Trim Co'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 576.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.72 Billion | 52.50% |
| Common Stock | CN¥380.03 Million | 7.34% |
| Other Comprehensive Income | CN¥176.56 Million | 3.41% |
| Other Components | CN¥1.90 Billion | 36.76% |
| Total Equity | CN¥5.18 Billion | 100.00% |
Changshu Automotive Trim Co Competitors by Market Cap
The table below lists competitors of Changshu Automotive Trim Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Pinming Software Co. Ltd. A
SHG:688109
|
$490.48 Million |
|
Dril-Quip Inc
F:DQU
|
$490.49 Million |
|
PayPoint plc
OTCGREY:PYPTF
|
$490.59 Million |
|
JLGRF
PINK:JLGRF
|
$491.18 Million |
|
JSE Limited
PINK:JSEJF
|
$490.29 Million |
|
Third Coast Bancshares, Inc.
NASDAQ:TCBX
|
$490.13 Million |
|
Tatwah Smartech Co Ltd
SHE:002512
|
$489.89 Million |
|
JW Pharmaceutical Corp
KO:001067
|
$489.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changshu Automotive Trim Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,036,827,961 to 5,180,515,885, a change of 143,687,924 (2.9%).
- Net income of 425,464,059 contributed positively to equity growth.
- Dividend payments of 214,005,560 reduced retained earnings.
- Share repurchases of 103,721,996 reduced equity.
- Other comprehensive income decreased equity by 30,628,383.
- Other factors increased equity by 66,579,804.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥425.46 Million | +8.21% |
| Dividends Paid | CN¥214.01 Million | -4.13% |
| Share Repurchases | CN¥103.72 Million | -2.0% |
| Other Comprehensive Income | CN¥-30.63 Million | -0.59% |
| Other Changes | CN¥66.58 Million | +1.29% |
| Total Change | CN¥- | 2.85% |
Book Value vs Market Value Analysis
This analysis compares Changshu Automotive Trim Co'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: 1.09x
- 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 4.36x to 1.09x 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¥3.42 | CN¥14.91 | x |
| 2012-12-31 | CN¥4.75 | CN¥14.91 | x |
| 2013-12-31 | CN¥4.87 | CN¥14.91 | x |
| 2014-12-31 | CN¥5.37 | CN¥14.91 | x |
| 2015-12-31 | CN¥5.94 | CN¥14.91 | x |
| 2016-12-31 | CN¥9.93 | CN¥14.91 | x |
| 2017-12-31 | CN¥7.97 | CN¥14.91 | x |
| 2018-12-31 | CN¥8.93 | CN¥14.91 | x |
| 2019-12-31 | CN¥10.17 | CN¥14.91 | x |
| 2020-12-31 | CN¥10.60 | CN¥14.91 | x |
| 2021-12-31 | CN¥11.12 | CN¥14.91 | x |
| 2022-12-31 | CN¥12.40 | CN¥14.91 | x |
| 2023-12-31 | CN¥13.28 | CN¥14.91 | x |
| 2024-12-31 | CN¥13.64 | CN¥14.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changshu Automotive Trim Co 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): 8.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.51%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.05x
- Recent ROE (8.21%) is below the historical average (13.20%), 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 | 21.65% | 19.48% | 0.46x | 2.42x | CN¥71.09 Million |
| 2012 | 16.00% | 18.28% | 0.51x | 1.71x | CN¥56.27 Million |
| 2013 | 17.44% | 21.04% | 0.47x | 1.76x | CN¥76.50 Million |
| 2014 | 17.88% | 18.56% | 0.57x | 1.69x | CN¥89.02 Million |
| 2015 | 17.83% | 21.88% | 0.50x | 1.63x | CN¥98.17 Million |
| 2016 | 10.87% | 15.75% | 0.46x | 1.50x | CN¥18.19 Million |
| 2017 | 10.16% | 16.99% | 0.42x | 1.41x | CN¥3.69 Million |
| 2018 | 13.55% | 23.23% | 0.32x | 1.82x | CN¥89.11 Million |
| 2019 | 9.14% | 14.50% | 0.26x | 2.45x | CN¥-24.80 Million |
| 2020 | 9.91% | 16.31% | 0.31x | 1.96x | CN¥-3.31 Million |
| 2021 | 10.25% | 15.78% | 0.35x | 1.83x | CN¥10.15 Million |
| 2022 | 11.05% | 13.96% | 0.43x | 1.84x | CN¥48.42 Million |
| 2023 | 10.84% | 11.87% | 0.45x | 2.01x | CN¥42.35 Million |
| 2024 | 8.21% | 7.51% | 0.53x | 2.05x | CN¥-92.59 Million |
Industry Comparison
This section compares Changshu Automotive Trim Co's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changshu Automotive Trim Co (603035) | CN¥5.44 Billion | 21.65% | 1.17x | $490.33 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |