Zhejiang Liming Intelligent Manufacturing Co Ltd (603048) - Net Assets
Based on the latest financial reports, Zhejiang Liming Intelligent Manufacturing Co Ltd (603048) has net assets worth CN¥1.27 Billion CNY (≈ $186.19 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¥1.59 Billion ≈ $232.30 Million USD) and total liabilities (CN¥315.09 Million ≈ $46.11 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 603048 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.27 Billion |
| % of Total Assets | 80.15% |
| Annual Growth Rate | 12.71% |
| 5-Year Change | 96.98% |
| 10-Year Change | N/A |
| Growth Volatility | 36.06 |
Zhejiang Liming Intelligent Manufacturing Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Liming Intelligent Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603048 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Liming Intelligent Manufacturing Co Ltd (2017–2024)
The table below shows the annual net assets of Zhejiang Liming Intelligent Manufacturing Co Ltd from 2017 to 2024. For live valuation and market cap data, see Zhejiang Liming Intelligent Manufacturin (603048) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.28 Billion ≈ $187.49 Million |
-1.42% |
| 2023-12-31 | CN¥1.30 Billion ≈ $190.20 Million |
+1.08% |
| 2022-12-31 | CN¥1.29 Billion ≈ $188.17 Million |
-0.72% |
| 2021-12-31 | CN¥1.30 Billion ≈ $189.53 Million |
+99.11% |
| 2020-12-31 | CN¥650.48 Million ≈ $95.19 Million |
+19.96% |
| 2019-12-31 | CN¥542.26 Million ≈ $79.35 Million |
+23.06% |
| 2018-12-31 | CN¥440.64 Million ≈ $64.48 Million |
-20.52% |
| 2017-12-31 | CN¥554.41 Million ≈ $81.13 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Liming Intelligent Manufacturing 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 decreased by 40.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥283.35 Million | 22.09% |
| Common Stock | CN¥146.88 Million | 11.45% |
| Other Comprehensive Income | CN¥54.13 Million | 4.22% |
| Other Components | CN¥798.51 Million | 62.24% |
| Total Equity | CN¥1.28 Billion | 100.00% |
Zhejiang Liming Intelligent Manufacturing Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Liming Intelligent Manufacturing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Apon Medical Technology Co Ltd Class A
SHE:300753
|
$503.17 Million |
|
Guangdong Huiyun Titanium Industry
SHE:300891
|
$503.39 Million |
|
Zhejiang Zhe Kuang Heavy Industry
SHE:300837
|
$503.41 Million |
|
Lutian Machinery Co Ltd
SHG:605259
|
$503.52 Million |
|
Kocaer Celik Sanayi ve Ticaret A.S.
IS:KCAER
|
$503.11 Million |
|
BlackRock MIT II
NYSE:BLE
|
$503.04 Million |
|
Nanning Department Store Co Ltd
SHG:600712
|
$502.91 Million |
|
Jinhong Fashion Group Co Ltd
SHG:603518
|
$502.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Liming Intelligent Manufacturing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,300,936,240 to 1,282,868,620, a change of -18,067,620 (-1.4%).
- Net income of 53,362,878 contributed positively to equity growth.
- Dividend payments of 63,161,008 reduced retained earnings.
- Share repurchases of 10,002,907 reduced equity.
- Other comprehensive income increased equity by 4,701,677.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥53.36 Million | +4.16% |
| Dividends Paid | CN¥63.16 Million | -4.92% |
| Share Repurchases | CN¥10.00 Million | -0.78% |
| Other Comprehensive Income | CN¥4.70 Million | +0.37% |
| Other Changes | CN¥-2.97 Million | -0.23% |
| Total Change | CN¥- | -1.39% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Liming Intelligent Manufacturing 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: 2.70x
- 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 4.47x to 2.70x 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¥5.24 | CN¥23.41 | x |
| 2018-12-31 | CN¥4.01 | CN¥23.41 | x |
| 2019-12-31 | CN¥5.08 | CN¥23.41 | x |
| 2020-12-31 | CN¥5.90 | CN¥23.41 | x |
| 2021-12-31 | CN¥8.82 | CN¥23.41 | x |
| 2022-12-31 | CN¥8.76 | CN¥23.41 | x |
| 2023-12-31 | CN¥8.79 | CN¥23.41 | x |
| 2024-12-31 | CN¥8.65 | CN¥23.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Liming Intelligent Manufacturing 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): 4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.28%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.24x
- Recent ROE (4.16%) is below the historical average (10.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 19.80% | 21.81% | 0.52x | 1.75x | CN¥51.18 Million |
| 2018 | 19.78% | 17.40% | 0.52x | 2.21x | CN¥39.07 Million |
| 2019 | 12.31% | 14.73% | 0.51x | 1.65x | CN¥12.55 Million |
| 2020 | 18.49% | 21.77% | 0.56x | 1.51x | CN¥55.24 Million |
| 2021 | 7.65% | 16.64% | 0.39x | 1.19x | CN¥-30.44 Million |
| 2022 | 1.62% | 4.03% | 0.32x | 1.26x | CN¥-107.71 Million |
| 2023 | 3.53% | 7.49% | 0.36x | 1.30x | CN¥-84.23 Million |
| 2024 | 4.16% | 8.28% | 0.40x | 1.24x | CN¥-74.92 Million |
Industry Comparison
This section compares Zhejiang Liming Intelligent Manufacturing Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,314,550,990
- Average return on equity (ROE) among peers: 5.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Liming Intelligent Manufacturing Co Ltd (603048) | CN¥1.27 Billion | 19.80% | 0.25x | $503.15 Million |
| FAWER Automotive Parts Ltd Co (000030) | $5.30 Billion | 9.49% | 0.52x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.72 Billion | 3.64% | 1.83x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.08 Billion | -8.46% | 3.69x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-125.97 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.27 Billion | 0.97% | 1.13x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-733.97 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $797.13 Million | 4.24% | 1.03x | $3.35 Billion |
About Zhejiang Liming Intelligent Manufacturing Co Ltd
Zhejiang Liming Intelligent Manufacturing Co.,Ltd. engages in the research and development, production, and sale of auto parts and components in China and internationally. It provides valve bridges, valve spring upper seats, rocker arm ball heads, ball sockets, spark plug injector spacers, piston cooling nozzles, valve locks, crankshaft sensor signal discs, bowl plugs, valve spring lower seats, a… Read more