Zhejiang Tiancheng Control Co (603085) - Net Assets
Based on the latest financial reports, Zhejiang Tiancheng Control Co (603085) has net assets worth CN¥996.57 Million CNY (≈ $145.83 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.57 Billion ≈ $522.48 Million USD) and total liabilities (CN¥2.57 Billion ≈ $376.65 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 strategic asset allocation of Zhejiang Tiancheng Control Co to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥996.57 Million |
| % of Total Assets | 27.91% |
| Annual Growth Rate | 14.83% |
| 5-Year Change | -10.16% |
| 10-Year Change | 1.02% |
| Growth Volatility | 48.23 |
Zhejiang Tiancheng Control Co - Net Assets Trend (2011–2025)
This chart illustrates how Zhejiang Tiancheng Control Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Zhejiang Tiancheng Control Co stock valuation.
Annual Net Assets for Zhejiang Tiancheng Control Co (2011–2025)
The table below shows the annual net assets of Zhejiang Tiancheng Control Co from 2011 to 2025. Also explore Zhejiang Tiancheng Control Co equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥931.88 Million ≈ $136.36 Million |
+8.37% |
| 2024-12-31 | CN¥859.91 Million ≈ $125.83 Million |
-2.51% |
| 2023-12-31 | CN¥882.09 Million ≈ $129.08 Million |
-3.38% |
| 2022-12-31 | CN¥912.90 Million ≈ $133.59 Million |
-11.99% |
| 2021-12-31 | CN¥1.04 Billion ≈ $151.79 Million |
+2.63% |
| 2020-12-31 | CN¥1.01 Billion ≈ $147.89 Million |
+112.00% |
| 2019-12-31 | CN¥476.73 Million ≈ $69.76 Million |
-52.14% |
| 2018-12-31 | CN¥996.08 Million ≈ $145.76 Million |
+1.47% |
| 2017-12-31 | CN¥981.69 Million ≈ $143.65 Million |
+6.42% |
| 2016-12-31 | CN¥922.51 Million ≈ $134.99 Million |
+129.01% |
| 2015-12-31 | CN¥402.83 Million ≈ $58.95 Million |
+83.98% |
| 2014-12-31 | CN¥218.95 Million ≈ $32.04 Million |
+17.27% |
| 2013-12-31 | CN¥186.70 Million ≈ $27.32 Million |
+14.84% |
| 2012-12-31 | CN¥162.58 Million ≈ $23.79 Million |
+20.99% |
| 2011-12-31 | CN¥134.37 Million ≈ $19.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tiancheng Control 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 decreased by 1218.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.36 Billion | 146.13% |
| Total Equity | CN¥931.88 Million | 100.00% |
Zhejiang Tiancheng Control Co Competitors by Market Cap
The table below lists competitors of Zhejiang Tiancheng Control Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BlackRock Health Sciences Trust
NYSE:BME
|
$570.08 Million |
|
Shinsung Delta Tech Co.Ltd
KQ:065350
|
$570.17 Million |
|
Clarity Pharmaceuticals Ltd
AU:CU6
|
$570.19 Million |
|
Changhong Meiling Co Ltd
SHE:000521
|
$570.29 Million |
|
Ibotta, Inc.
NYSE:IBTA
|
$569.94 Million |
|
Global PMX Co Ltd
TW:4551
|
$569.93 Million |
|
Musti Group Oyj
HE:MUSTI
|
$569.90 Million |
|
Zhejiang Gongdong Medical Technology Co Ltd
SHG:605369
|
$569.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tiancheng Control Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 859,913,133 to 931,881,012, a change of 71,967,879 (8.4%).
- Net income of 84,897,784 contributed positively to equity growth.
- Dividend payments of 22,790,503 reduced retained earnings.
- Other comprehensive income decreased equity by 33,220,963.
- Other factors increased equity by 43,081,561.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥84.90 Million | +9.11% |
| Dividends Paid | CN¥22.79 Million | -2.45% |
| Other Comprehensive Income | CN¥-33.22 Million | -3.56% |
| Other Changes | CN¥43.08 Million | +4.62% |
| Total Change | CN¥- | 8.37% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tiancheng Control 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: 4.18x
- 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 decreased from 14.30x to 4.18x 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¥0.69 | CN¥9.81 | x |
| 2012-12-31 | CN¥0.84 | CN¥9.81 | x |
| 2013-12-31 | CN¥0.95 | CN¥9.81 | x |
| 2014-12-31 | CN¥1.12 | CN¥9.81 | x |
| 2015-12-31 | CN¥1.76 | CN¥9.81 | x |
| 2016-12-31 | CN¥3.43 | CN¥9.81 | x |
| 2017-12-31 | CN¥3.36 | CN¥9.81 | x |
| 2018-12-31 | CN¥3.54 | CN¥9.81 | x |
| 2019-12-31 | CN¥1.64 | CN¥9.81 | x |
| 2020-12-31 | CN¥3.20 | CN¥9.81 | x |
| 2021-12-31 | CN¥2.94 | CN¥9.81 | x |
| 2022-12-31 | CN¥2.37 | CN¥9.81 | x |
| 2023-12-31 | CN¥2.49 | CN¥9.81 | x |
| 2024-12-31 | CN¥2.18 | CN¥9.81 | x |
| 2025-12-31 | CN¥2.35 | CN¥9.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tiancheng Control 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): 9.11%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.81%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 3.84x
- Recent ROE (9.11%) is above the historical average (-2.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.23% | 13.45% | 0.95x | 1.98x | CN¥20.46 Million |
| 2012 | 17.35% | 12.70% | 0.78x | 1.75x | CN¥11.95 Million |
| 2013 | 12.91% | 8.78% | 0.78x | 1.90x | CN¥5.44 Million |
| 2014 | 14.73% | 10.41% | 0.77x | 1.84x | CN¥10.36 Million |
| 2015 | 8.29% | 11.42% | 0.56x | 1.31x | CN¥-6.87 Million |
| 2016 | 3.82% | 9.75% | 0.33x | 1.18x | CN¥-57.03 Million |
| 2017 | 7.14% | 8.95% | 0.51x | 1.55x | CN¥-28.05 Million |
| 2018 | 3.67% | 3.81% | 0.41x | 2.33x | CN¥-63.02 Million |
| 2019 | -112.27% | -36.75% | 0.70x | 4.35x | CN¥-582.80 Million |
| 2020 | 5.00% | 3.54% | 0.59x | 2.38x | CN¥-50.54 Million |
| 2021 | 2.72% | 1.66% | 0.66x | 2.49x | CN¥-75.53 Million |
| 2022 | -29.93% | -19.18% | 0.60x | 2.61x | CN¥-364.53 Million |
| 2023 | 1.61% | 0.99% | 0.55x | 2.95x | CN¥-74.04 Million |
| 2024 | -1.92% | -0.74% | 0.66x | 3.95x | CN¥-102.47 Million |
| 2025 | 9.11% | 2.81% | 0.84x | 3.84x | CN¥-8.29 Million |
Industry Comparison
This section compares Zhejiang Tiancheng Control Co's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,011,911,257
- Average return on equity (ROE) among peers: 18.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tiancheng Control Co (603085) | CN¥996.57 Million | 25.23% | 2.58x | $570.04 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.47 Billion | 0.00% | 0.00x | $966.43 Million |
| Wanxiang Qianchao Co Ltd (000559) | $819.25 Million | 10.93% | 0.51x | $5.55 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.34 Billion | 9.69% | 0.79x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $964.56 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.62 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $44.67 Million | 0.00% | 2.33x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $597.90 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.63 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $57.44 Million | 64.21% | 9.32x | $344.55 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.83 Billion |
About Zhejiang Tiancheng Control Co
Zhejiang Tenchen Controls Co., Ltd., together with its subsidiaries, engages in the research, development, production, sale, and service of automobile seats in China, the United Kingdom, Thailand, and internationally. The company offers construction machinery seats for excavators, shovel hauler, industrial vehicles, off-highway mining, and agricultural machinery; commercial vehicle seats for heav… Read more