Shanghai Carthane Co Ltd
Shanghai Carthane Co.,Ltd. operates in the auto parts manufacturing industry in China. Its products portfolio includes pedals, accelerator pedals, jounce bumpers, top mounts, callipers, spring seats, shock absorber components for chassis suspension systems and lightweight pedal assemblies for control systems, polyurethane buffer blocks, polyurethane spring pads, and polyurethane shock absorbers, … Read more
Shanghai Carthane Co Ltd (603037) - Net Assets
Latest net assets as of June 2025: CN¥954.07 Million CNY
Based on the latest financial reports, Shanghai Carthane Co Ltd (603037) has net assets worth CN¥954.07 Million CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.31 Billion) and total liabilities (CN¥358.33 Million). 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¥954.07 Million |
| % of Total Assets | 72.7% |
| Annual Growth Rate | 11.65% |
| 5-Year Change | 11.19% |
| 10-Year Change | 153.96% |
| Growth Volatility | 21.26 |
Shanghai Carthane Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Carthane 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 Shanghai Carthane Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Carthane Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥966.84 Million | +5.06% |
| 2023-12-31 | CN¥920.31 Million | +4.11% |
| 2022-12-31 | CN¥883.96 Million | -0.97% |
| 2021-12-31 | CN¥892.66 Million | +2.66% |
| 2020-12-31 | CN¥869.55 Million | +2.66% |
| 2019-12-31 | CN¥847.01 Million | +1.43% |
| 2018-12-31 | CN¥835.08 Million | +9.43% |
| 2017-12-31 | CN¥763.10 Million | +83.34% |
| 2016-12-31 | CN¥416.21 Million | +9.33% |
| 2015-12-31 | CN¥380.70 Million | +14.18% |
| 2014-12-31 | CN¥333.42 Million | +13.10% |
| 2013-12-31 | CN¥294.79 Million | +23.93% |
| 2012-12-31 | CN¥237.88 Million | +3.14% |
| 2011-12-31 | CN¥230.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Carthane 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 204.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥323.25 Million | 33.73% |
| Other Components | CN¥635.22 Million | 66.27% |
| Total Equity | CN¥958.47 Million | 100.00% |
Shanghai Carthane Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Carthane Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bafang Electric Suzhou Co Ltd
SHG:603489
|
$284.15 Million |
|
3D Systems Corporation
NYSE:DDD
|
$284.23 Million |
|
Stockmann Oyj Abp
F:SOMB
|
$284.27 Million |
|
Black Rock Coffee Bar, Inc. Class A Common Stock
NASDAQ:BRCB
|
$284.31 Million |
|
AVCON Information Tech
SHE:300074
|
$284.05 Million |
|
Tianjin Jieqiang Power Equipment Co
SHE:300875
|
$284.05 Million |
|
Shuifa Energas Gas Co Ltd
SHG:603318
|
$283.90 Million |
|
Meitav Trade Inv Ltd
TA:MTRD
|
$283.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Carthane Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 911,791,087 to 958,469,877, a change of 46,678,790 (5.1%).
- Net income of 90,393,073 contributed positively to equity growth.
- Dividend payments of 69,895,703 reduced retained earnings.
- Other factors increased equity by 26,181,421.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥90.39 Million | +9.43% |
| Dividends Paid | CN¥69.90 Million | -7.29% |
| Other Changes | CN¥26.18 Million | +2.73% |
| Total Change | CN¥- | 5.12% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Carthane 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: 4.16x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.07x to 4.16x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥7.18 | CN¥14.83 | x |
| 2018-12-31 | CN¥7.86 | CN¥14.83 | x |
| 2019-12-31 | CN¥7.99 | CN¥14.83 | x |
| 2020-12-31 | CN¥8.28 | CN¥14.83 | x |
| 2021-12-31 | CN¥8.49 | CN¥14.83 | x |
| 2022-12-31 | CN¥8.23 | CN¥14.83 | x |
| 2023-12-31 | CN¥3.41 | CN¥14.83 | x |
| 2024-12-31 | CN¥3.56 | CN¥14.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Carthane 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): 9.43%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.08%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.33x
- Recent ROE (9.43%) is below the historical average (12.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 21.40% | 27.24% | 0.66x | 1.20x | CN¥47.24 Million |
| 2017 | 14.97% | 25.30% | 0.51x | 1.16x | CN¥37.81 Million |
| 2018 | 15.24% | 23.13% | 0.57x | 1.16x | CN¥43.68 Million |
| 2019 | 9.59% | 16.41% | 0.52x | 1.11x | CN¥-3.48 Million |
| 2020 | 9.52% | 16.73% | 0.51x | 1.11x | CN¥-4.17 Million |
| 2021 | 9.46% | 15.36% | 0.53x | 1.16x | CN¥-4.80 Million |
| 2022 | 9.04% | 12.16% | 0.58x | 1.27x | CN¥-8.27 Million |
| 2023 | 10.07% | 12.42% | 0.64x | 1.28x | CN¥647.57K |
| 2024 | 9.43% | 12.08% | 0.59x | 1.33x | CN¥-5.45 Million |
Industry Comparison
This section compares Shanghai Carthane Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Carthane Co Ltd (603037) | CN¥954.07 Million | 21.40% | 0.38x | $284.12 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 |