Wecome Intelligent Manufacturing Co. Ltd. (603070) - Net Assets
Based on the latest financial reports, Wecome Intelligent Manufacturing Co. Ltd. (603070) has net assets worth CN¥2.15 Billion CNY (≈ $314.64 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.97 Billion ≈ $435.27 Million USD) and total liabilities (CN¥824.36 Million ≈ $120.63 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 Wecome Intelligent Manufacturing Co. Ltd (603070) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.15 Billion |
| % of Total Assets | 72.29% |
| Annual Growth Rate | 15.62% |
| 5-Year Change | 91.66% |
| 10-Year Change | N/A |
| Growth Volatility | 17.33 |
Wecome Intelligent Manufacturing Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Wecome Intelligent Manufacturing Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Wecome Intelligent Manufacturing Co. Ltd (603070) total assets for the complete picture of this company's asset base.
Annual Net Assets for Wecome Intelligent Manufacturing Co. Ltd. (2019–2024)
The table below shows the annual net assets of Wecome Intelligent Manufacturing Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see Wecome Intelligent Manufacturing Co. Ltd (603070) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.13 Billion ≈ $311.85 Million |
+1.74% |
| 2023-12-31 | CN¥2.09 Billion ≈ $306.51 Million |
+7.26% |
| 2022-12-31 | CN¥1.95 Billion ≈ $285.77 Million |
+50.01% |
| 2021-12-31 | CN¥1.30 Billion ≈ $190.50 Million |
+17.08% |
| 2020-12-31 | CN¥1.11 Billion ≈ $162.71 Million |
+7.84% |
| 2019-12-31 | CN¥1.03 Billion ≈ $150.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wecome 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 grown by 380.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥788.88 Million | 37.11% |
| Other Components | CN¥1.34 Billion | 62.89% |
| Total Equity | CN¥2.13 Billion | 100.00% |
Wecome Intelligent Manufacturing Co. Ltd. Competitors by Market Cap
The table below lists competitors of Wecome Intelligent Manufacturing Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Yussen Energy Technology
SHE:002986
|
$806.54 Million |
|
Shanghai Maling Aquarius Co Ltd
SHG:600073
|
$806.85 Million |
|
Henan Lantian Gas Co Ltd
SHG:605368
|
$807.31 Million |
|
Akso Health Group ADR
NASDAQ:AHG
|
$807.33 Million |
|
Johns LYNG Group Ltd
AU:JLG
|
$806.21 Million |
|
Employers Holdings Inc
NYSE:EIG
|
$805.78 Million |
|
Salfacorp
SN:SALFACORP
|
$805.62 Million |
|
Chengdu Jafaantai Technology Co Ltd
SHE:300559
|
$805.60 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wecome Intelligent Manufacturing Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,090,461,138 to 2,125,782,563, a change of 35,321,425 (1.7%).
- Net income of 96,038,618 contributed positively to equity growth.
- Dividend payments of 63,191,312 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥96.04 Million | +4.52% |
| Dividends Paid | CN¥63.19 Million | -2.97% |
| Other Changes | CN¥2.47 Million | +0.12% |
| Total Change | CN¥- | 1.69% |
Book Value vs Market Value Analysis
This analysis compares Wecome 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: 2.59x
- 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 4.97x to 2.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.77 | CN¥13.74 | x |
| 2020-12-31 | CN¥3.25 | CN¥13.74 | x |
| 2021-12-31 | CN¥3.81 | CN¥13.74 | x |
| 2022-12-31 | CN¥4.86 | CN¥13.74 | x |
| 2023-12-31 | CN¥5.21 | CN¥13.74 | x |
| 2024-12-31 | CN¥5.30 | CN¥13.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wecome 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): 4.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.74%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.42x
- Recent ROE (4.52%) is below the historical average (11.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 17.44% | 10.27% | 0.91x | 1.86x | CN¥70.21 Million |
| 2020 | 15.98% | 10.50% | 0.87x | 1.75x | CN¥66.39 Million |
| 2021 | 14.62% | 8.80% | 0.96x | 1.73x | CN¥60.07 Million |
| 2022 | 10.53% | 9.23% | 0.76x | 1.51x | CN¥10.39 Million |
| 2023 | 8.36% | 7.62% | 0.69x | 1.60x | CN¥-34.29 Million |
| 2024 | 4.52% | 4.74% | 0.67x | 1.42x | CN¥-116.54 Million |
Industry Comparison
This section compares Wecome Intelligent Manufacturing Co. Ltd.'s net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wecome Intelligent Manufacturing Co. Ltd. (603070) | CN¥2.15 Billion | 17.44% | 0.38x | $806.25 Million |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Wecome Intelligent Manufacturing Co. Ltd.
Wecome Intelligent Manufacturing Co., Ltd. engages in the research and development, manufacturing, and sale of power distribution switch control equipment in China. The company provides high and low voltage electrical cabinets, ring network cabinet equipment, IE/IT cabinets, gas insulated switchgear, high voltage vacuum circuit breakers, and other products, as well as after-sales services. The co… Read more