ADD Industry Zhejiang Co Ltd (603089) - Net Assets
Based on the latest financial reports, ADD Industry Zhejiang Co Ltd (603089) has net assets worth CN¥1.69 Billion CNY (≈ $247.54 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¥3.78 Billion ≈ $553.27 Million USD) and total liabilities (CN¥2.09 Billion ≈ $305.73 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 603089 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.69 Billion |
| % of Total Assets | 44.74% |
| Annual Growth Rate | 15.03% |
| 5-Year Change | 19.83% |
| 10-Year Change | 297.69% |
| Growth Volatility | 19.0 |
ADD Industry Zhejiang Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how ADD Industry Zhejiang Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603089 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for ADD Industry Zhejiang Co Ltd (2012–2024)
The table below shows the annual net assets of ADD Industry Zhejiang Co Ltd from 2012 to 2024. For live valuation and market cap data, see 603089 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.40 Billion ≈ $205.58 Million |
+7.46% |
| 2023-12-31 | CN¥1.31 Billion ≈ $191.30 Million |
+4.29% |
| 2022-12-31 | CN¥1.25 Billion ≈ $183.43 Million |
+3.71% |
| 2021-12-31 | CN¥1.21 Billion ≈ $176.87 Million |
+3.09% |
| 2020-12-31 | CN¥1.17 Billion ≈ $171.57 Million |
+21.26% |
| 2019-12-31 | CN¥966.92 Million ≈ $141.49 Million |
+7.89% |
| 2018-12-31 | CN¥896.22 Million ≈ $131.15 Million |
+26.10% |
| 2017-12-31 | CN¥710.70 Million ≈ $104.00 Million |
+75.28% |
| 2016-12-31 | CN¥405.47 Million ≈ $59.33 Million |
+14.78% |
| 2015-12-31 | CN¥353.27 Million ≈ $51.69 Million |
+9.68% |
| 2014-12-31 | CN¥322.09 Million ≈ $47.13 Million |
+9.72% |
| 2013-12-31 | CN¥293.57 Million ≈ $42.96 Million |
+12.12% |
| 2012-12-31 | CN¥261.83 Million ≈ $38.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to ADD Industry Zhejiang 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 647.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥527.68 Million | 42.84% |
| Common Stock | CN¥223.73 Million | 18.16% |
| Other Components | CN¥480.29 Million | 38.99% |
| Total Equity | CN¥1.23 Billion | 100.00% |
ADD Industry Zhejiang Co Ltd Competitors by Market Cap
The table below lists competitors of ADD Industry Zhejiang Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Australian Finance Group Ltd
AU:AFG
|
$332.66 Million |
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$332.73 Million |
|
Shanxi C&Y Pharmaceutical Group Co Ltd
SHE:300254
|
$332.73 Million |
|
Beijing Infosec Technologies Co. Ltd. A
SHG:688201
|
$332.76 Million |
|
Tyro Payments Ltd
AU:TYR
|
$332.53 Million |
|
MPS Limited
NSE:MPSLTD
|
$332.48 Million |
|
Maui Land & Pineapple Company Inc
NYSE:MLP
|
$332.27 Million |
|
Esso (Thailand) Public Company Limited
BK:BSRC
|
$332.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ADD Industry Zhejiang Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,157,532,338 to 1,231,695,724, a change of 74,163,386 (6.4%).
- Net income of 71,463,218 contributed positively to equity growth.
- Dividend payments of 27,460,034 reduced retained earnings.
- Other factors increased equity by 30,160,202.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥71.46 Million | +5.8% |
| Dividends Paid | CN¥27.46 Million | -2.23% |
| Other Changes | CN¥30.16 Million | +2.45% |
| Total Change | CN¥- | 6.41% |
Book Value vs Market Value Analysis
This analysis compares ADD Industry Zhejiang 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: 1.72x
- 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 5.64x to 1.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.68 | CN¥9.47 | x |
| 2013-12-31 | CN¥1.88 | CN¥9.47 | x |
| 2014-12-31 | CN¥2.07 | CN¥9.47 | x |
| 2015-12-31 | CN¥2.26 | CN¥9.47 | x |
| 2016-12-31 | CN¥2.58 | CN¥9.47 | x |
| 2017-12-31 | CN¥3.48 | CN¥9.47 | x |
| 2018-12-31 | CN¥3.72 | CN¥9.47 | x |
| 2019-12-31 | CN¥3.94 | CN¥9.47 | x |
| 2020-12-31 | CN¥4.60 | CN¥9.47 | x |
| 2021-12-31 | CN¥4.72 | CN¥9.47 | x |
| 2022-12-31 | CN¥4.97 | CN¥9.47 | x |
| 2023-12-31 | CN¥5.11 | CN¥9.47 | x |
| 2024-12-31 | CN¥5.52 | CN¥9.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ADD Industry Zhejiang 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): 5.80%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.10%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.84x
- Recent ROE (5.80%) is below the historical average (13.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.30% | 10.74% | 1.02x | 1.95x | CN¥29.60 Million |
| 2013 | 20.35% | 12.01% | 0.94x | 1.80x | CN¥30.38 Million |
| 2014 | 18.79% | 9.46% | 1.08x | 1.84x | CN¥28.31 Million |
| 2015 | 19.02% | 11.75% | 0.98x | 1.64x | CN¥31.85 Million |
| 2016 | 21.75% | 12.75% | 0.98x | 1.75x | CN¥47.65 Million |
| 2017 | 10.13% | 8.54% | 0.80x | 1.48x | CN¥934.12K |
| 2018 | 12.93% | 9.31% | 0.68x | 2.05x | CN¥22.81 Million |
| 2019 | 12.50% | 9.26% | 0.71x | 1.89x | CN¥20.53 Million |
| 2020 | 10.74% | 9.66% | 0.63x | 1.76x | CN¥7.56 Million |
| 2021 | 5.97% | 3.89% | 0.73x | 2.11x | CN¥-42.33 Million |
| 2022 | 6.38% | 4.15% | 0.71x | 2.17x | CN¥-40.05 Million |
| 2023 | 5.09% | 3.35% | 0.64x | 2.38x | CN¥-56.88 Million |
| 2024 | 5.80% | 3.10% | 0.66x | 2.84x | CN¥-51.71 Million |
Industry Comparison
This section compares ADD Industry Zhejiang Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,509,898,498
- Average return on equity (ROE) among peers: 9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ADD Industry Zhejiang Co Ltd (603089) | CN¥1.69 Billion | 21.30% | 1.24x | $332.63 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.47 Billion | 5.92% | 0.80x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $445.83 Million | 12.50% | 0.68x | $6.67 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $427.94 Million | 15.75% | 0.49x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -25.26% | 3.14x | $1.55 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.32 Billion | 0.87% | 1.12x | $653.72 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.39 Billion | 17.69% | 1.83x | $2.08 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $285.31 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $334.20 Million | 2.19% | 0.85x | $4.21 Billion |
About ADD Industry Zhejiang Co Ltd
ADD Industry (Zhejiang) CO., LTD manufactures and sells shock absorbers for vehicle suspension systems in China and internationally. It offers twin-tube shock absorbers, strut cartridges, shock absorbers with spring seat, struts, airbag shock absorbers, strut assemblies, steering dampers, adjustable shock absorbers, and cabin dampers for passenger vehicles and commercial vehicles. The company als… Read more