Zhejiang Tiancheng Control Co (603085) - Net Assets
Based on the latest financial reports, Zhejiang Tiancheng Control Co (603085) has net assets worth CN¥891.40 Million CNY (≈ $130.44 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¥3.51 Billion ≈ $513.40 Million USD) and total liabilities (CN¥2.62 Billion ≈ $382.96 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 asset resilience ratio of Zhejiang Tiancheng Control Co to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥891.40 Million |
| % of Total Assets | 25.41% |
| Annual Growth Rate | 15.35% |
| 5-Year Change | -14.92% |
| 10-Year Change | 113.47% |
| Growth Volatility | 49.86 |
Zhejiang Tiancheng Control Co - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Tiancheng Control Co's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Tiancheng Control Co asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Tiancheng Control Co (2011–2024)
The table below shows the annual net assets of Zhejiang Tiancheng Control Co from 2011 to 2024. For live valuation and market cap data, see Zhejiang Tiancheng Control Co market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 1439.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥397.10 Million | 46.18% |
| Other Comprehensive Income | CN¥33.22 Million | 3.86% |
| Other Components | CN¥944.33 Million | 109.82% |
| Total Equity | CN¥859.91 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 |
|---|---|
|
Magic Software Enterprises Ltd
TA:MGIC
|
$736.62 Million |
|
Vatti Corp Ltd
SHE:002035
|
$736.79 Million |
|
Odfjell SE
OL:ODF
|
$736.93 Million |
|
GH RESEARCH PLC DL-025
F:1KA
|
$737.24 Million |
|
Anshan Senyuan Road Bridge
SHE:300210
|
$736.20 Million |
|
MBK Public Company Limited
BK:MBK
|
$736.20 Million |
|
EuroTeleSites AG
F:7YF
|
$735.93 Million |
|
Janus International Group Inc
NYSE:JBI
|
$735.77 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 2023 to 2024, total equity changed from 882,092,725 to 859,913,133, a change of -22,179,592 (-2.5%).
- Net loss of 16,481,339 reduced equity.
- Dividend payments of 22,930,272 reduced retained earnings.
- Other comprehensive income increased equity by 28,366,244.
- Other factors decreased equity by 11,134,225.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-16.48 Million | -1.92% |
| Dividends Paid | CN¥22.93 Million | -2.67% |
| Other Comprehensive Income | CN¥28.37 Million | +3.3% |
| Other Changes | CN¥-11.13 Million | -1.29% |
| Total Change | CN¥- | -2.51% |
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: 6.07x
- 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 18.47x to 6.07x 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¥12.67 | x |
| 2012-12-31 | CN¥0.84 | CN¥12.67 | x |
| 2013-12-31 | CN¥0.95 | CN¥12.67 | x |
| 2014-12-31 | CN¥1.12 | CN¥12.67 | x |
| 2015-12-31 | CN¥1.76 | CN¥12.67 | x |
| 2016-12-31 | CN¥3.43 | CN¥12.67 | x |
| 2017-12-31 | CN¥3.36 | CN¥12.67 | x |
| 2018-12-31 | CN¥3.54 | CN¥12.67 | x |
| 2019-12-31 | CN¥1.64 | CN¥12.67 | x |
| 2020-12-31 | CN¥3.20 | CN¥12.67 | x |
| 2021-12-31 | CN¥2.94 | CN¥12.67 | x |
| 2022-12-31 | CN¥2.37 | CN¥12.67 | x |
| 2023-12-31 | CN¥2.22 | CN¥12.67 | x |
| 2024-12-31 | CN¥2.09 | CN¥12.67 | 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): -1.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.74%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 3.95x
- Recent ROE (-1.92%) is above the historical average (-2.98%), 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 |
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: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tiancheng Control Co (603085) | CN¥891.40 Million | 25.23% | 2.94x | $736.23 Million |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 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, and internationally. The company offers construction machinery seats for excavators, shovel, industrial vehicles, off-highway mining, and agricultural machinery; commercial vehicle seats for heavy and light truck… Read more