Shanghai Sinotec Co Ltd (603121) - Net Assets
Based on the latest financial reports, Shanghai Sinotec Co Ltd (603121) has net assets worth CN¥1.20 Billion CNY (≈ $176.03 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¥2.16 Billion ≈ $315.49 Million USD) and total liabilities (CN¥953.01 Million ≈ $139.46 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 603121 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.20 Billion |
| % of Total Assets | 55.8% |
| Annual Growth Rate | 19.84% |
| 5-Year Change | 12.0% |
| 10-Year Change | 431.74% |
| Growth Volatility | 30.49 |
Shanghai Sinotec Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Shanghai Sinotec Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603121 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Sinotec Co Ltd (2014–2024)
The table below shows the annual net assets of Shanghai Sinotec Co Ltd from 2014 to 2024. For live valuation and market cap data, see Shanghai Sinotec Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.25 Billion ≈ $183.38 Million |
-0.95% |
| 2023-12-31 | CN¥1.27 Billion ≈ $185.14 Million |
+7.44% |
| 2022-12-31 | CN¥1.18 Billion ≈ $172.32 Million |
+1.97% |
| 2021-12-31 | CN¥1.15 Billion ≈ $168.99 Million |
+3.22% |
| 2020-12-31 | CN¥1.12 Billion ≈ $163.73 Million |
+1.03% |
| 2019-12-31 | CN¥1.11 Billion ≈ $162.06 Million |
+96.43% |
| 2018-12-31 | CN¥563.78 Million ≈ $82.50 Million |
+16.21% |
| 2017-12-31 | CN¥485.16 Million ≈ $70.99 Million |
+25.82% |
| 2016-12-31 | CN¥385.60 Million ≈ $56.43 Million |
+63.62% |
| 2015-12-31 | CN¥235.67 Million ≈ $34.49 Million |
+14.89% |
| 2014-12-31 | CN¥205.13 Million ≈ $30.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Sinotec 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 79.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥309.07 Million | 25.10% |
| Common Stock | CN¥338.53 Million | 27.49% |
| Other Components | CN¥583.99 Million | 47.42% |
| Total Equity | CN¥1.23 Billion | 100.00% |
Shanghai Sinotec Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Sinotec Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mega Lifesciences Public Company Limited
BK:MEGA
|
$1.01 Billion |
|
Glenveagh Properties PLC
IR:GVR
|
$1.01 Billion |
|
Gelex Group JSC
VN:GEX
|
$1.01 Billion |
|
Aryt Industries Ltd
TA:ARYT
|
$1.01 Billion |
|
NAVIGATOR HLDGS LTD
F:1NV
|
$1.00 Billion |
|
Namchow Food Group (Shanghai) Co. Ltd.
SHG:605339
|
$1.00 Billion |
|
Ventyx Biosciences Inc
NASDAQ:VTYX
|
$1.00 Billion |
|
Shenzhen Jiang and Associates Creative Design Co Ltd
SHE:300668
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Sinotec Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,229,773,530 to 1,231,601,406, a change of 1,827,876 (0.1%).
- Net income of 65,613,995 contributed positively to equity growth.
- Dividend payments of 77,072,534 reduced retained earnings.
- Other factors increased equity by 13,286,415.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥65.61 Million | +5.33% |
| Dividends Paid | CN¥77.07 Million | -6.26% |
| Other Changes | CN¥13.29 Million | +1.08% |
| Total Change | CN¥- | 0.15% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Sinotec 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: 5.69x
- 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 16.45x to 5.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.23 | CN¥20.29 | x |
| 2015-12-31 | CN¥1.42 | CN¥20.29 | x |
| 2016-12-31 | CN¥1.79 | CN¥20.29 | x |
| 2017-12-31 | CN¥1.91 | CN¥20.29 | x |
| 2018-12-31 | CN¥2.21 | CN¥20.29 | x |
| 2019-12-31 | CN¥3.29 | CN¥20.29 | x |
| 2020-12-31 | CN¥3.32 | CN¥20.29 | x |
| 2021-12-31 | CN¥3.43 | CN¥20.29 | x |
| 2022-12-31 | CN¥3.26 | CN¥20.29 | x |
| 2023-12-31 | CN¥3.71 | CN¥20.29 | x |
| 2024-12-31 | CN¥3.57 | CN¥20.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Sinotec 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): 5.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.72x
- Recent ROE (5.33%) is below the historical average (14.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 42.88% | 30.44% | 1.01x | 1.39x | CN¥67.46 Million |
| 2015 | 26.12% | 20.51% | 0.77x | 1.65x | CN¥37.98 Million |
| 2016 | 18.25% | 21.49% | 0.70x | 1.21x | CN¥31.86 Million |
| 2017 | 20.41% | 22.30% | 0.74x | 1.23x | CN¥50.50 Million |
| 2018 | 13.92% | 15.30% | 0.71x | 1.27x | CN¥22.10 Million |
| 2019 | 8.82% | 15.49% | 0.45x | 1.27x | CN¥-13.06 Million |
| 2020 | 5.27% | 9.23% | 0.40x | 1.44x | CN¥-52.95 Million |
| 2021 | 5.90% | 7.40% | 0.58x | 1.37x | CN¥-47.32 Million |
| 2022 | -0.76% | -0.94% | 0.41x | 1.96x | CN¥-120.27 Million |
| 2023 | 9.42% | 9.19% | 0.60x | 1.70x | CN¥-7.11 Million |
| 2024 | 5.33% | 5.29% | 0.59x | 1.72x | CN¥-57.55 Million |
Industry Comparison
This section compares Shanghai Sinotec Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Sinotec Co Ltd (603121) | CN¥1.20 Billion | 42.88% | 0.79x | $1.01 Billion |
| 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 Shanghai Sinotec Co Ltd
Shanghai Sinotec Co., Ltd. develops, produces, and sells auto parts in China. The company offers bushing, cover plate and assembly, connecting plate, turbine housing, turbocharger middle case, turbine, pull rod, as well as turbocharger bleed valve components and other sensor products. It exports its products to North America, Europe, and other regions. The company was formerly known as Shanghai S… Read more