Zhongce Rubber Group Co Ltd
Zhongce Rubber Group Co., Ltd. engages in the research and development, production, and sale of tire products in China. The company offers all-steel tires used in heavy-duty trucks, long-distance passenger vehicles, and engineering machinery vehicle; semi-steel tires mainly used in passenger cars such as sedans, SUVs, and commercial vehicles; bias tires, including agricultural and pneumatic tires… Read more
Zhongce Rubber Group Co Ltd (603049) - Net Assets
Latest net assets as of June 2025: CN¥22.93 Billion CNY
Based on the latest financial reports, Zhongce Rubber Group Co Ltd (603049) has net assets worth CN¥22.93 Billion 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¥51.77 Billion) and total liabilities (CN¥28.84 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¥22.93 Billion |
| % of Total Assets | 44.29% |
| Annual Growth Rate | 18.41% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.71 |
Zhongce Rubber Group Co Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Zhongce Rubber Group 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 Zhongce Rubber Group Co Ltd (2021–2024)
The table below shows the annual net assets of Zhongce Rubber Group Co Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥17.48 Billion | +23.23% |
| 2023-12-31 | CN¥14.18 Billion | +20.24% |
| 2022-12-31 | CN¥11.80 Billion | +12.07% |
| 2021-12-31 | CN¥10.53 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhongce Rubber Group 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 142.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.13 Billion | 57.96% |
| Other Components | CN¥7.35 Billion | 42.04% |
| Total Equity | CN¥17.48 Billion | 100.00% |
Zhongce Rubber Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhongce Rubber Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Schmitt Industries Inc
PINK:SMIT
|
$65.83K |
|
Southstone Minerals Limited
PINK:FDGMF
|
$65.85K |
|
POWER ASSETS
MU:HEH
|
$65.88K |
|
Phoenix Plus Corp.
PINK:PXPC
|
$65.88K |
|
Nile City Investment
EGX:NCIN
|
$65.78K |
|
Aucyber Ltd
AU:CYB
|
$65.69K |
|
Altina Capital Corp
V:ALTN-P
|
$65.59K |
|
Metaverse Capital Corp
PINK:GBCHF
|
$65.55K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongce Rubber Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,182,322,464 to 17,476,560,765, a change of 3,294,238,301 (23.2%).
- Net income of 3,787,170,437 contributed positively to equity growth.
- Dividend payments of 1,044,447,072 reduced retained earnings.
- Other factors increased equity by 551,514,935.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.79 Billion | +21.67% |
| Dividends Paid | CN¥1.04 Billion | -5.98% |
| Other Changes | CN¥551.51 Million | +3.16% |
| Total Change | CN¥- | 23.23% |
Book Value vs Market Value Analysis
This analysis compares Zhongce Rubber Group 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: 2.32x
- 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 3.85x to 2.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥13.37 | CN¥51.46 | x |
| 2022-12-31 | CN¥14.99 | CN¥51.46 | x |
| 2023-12-31 | CN¥18.02 | CN¥51.46 | x |
| 2024-12-31 | CN¥22.21 | CN¥51.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongce Rubber Group 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): 21.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.65%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.56x
- Recent ROE (21.67%) is above the historical average (15.93%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 13.06% | 4.49% | 0.90x | 3.24x | CN¥322.29 Million |
| 2022 | 10.38% | 3.84% | 0.85x | 3.18x | CN¥45.38 Million |
| 2023 | 18.60% | 7.48% | 0.90x | 2.76x | CN¥1.22 Billion |
| 2024 | 21.67% | 9.65% | 0.88x | 2.56x | CN¥2.04 Billion |
Industry Comparison
This section compares Zhongce Rubber Group 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 |
|---|---|---|---|---|
| Zhongce Rubber Group Co Ltd (603049) | CN¥22.93 Billion | 13.06% | 1.26x | $65.81K |
| 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 |