Changzhou Tenglong Auto Parts
Changzhou Tenglong AutoPartsCo.,Ltd. researches, develops, manufactures, and sells auto parts in China and internationally. The company offers air-conditioning pipelines, such as compressor suction and exhaust, expansion valve inlet and outlet, heater air conditioning, and condenser connecting pipe assemblies; automotive heat exchange connecting tubes, including heater and oil cooling inlet and o… Read more
Changzhou Tenglong Auto Parts (603158) - Net Assets
Latest net assets as of September 2025: CN¥2.60 Billion CNY
Based on the latest financial reports, Changzhou Tenglong Auto Parts (603158) has net assets worth CN¥2.60 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.01 Billion) and total liabilities (CN¥2.41 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.60 Billion |
| % of Total Assets | 51.83% |
| Annual Growth Rate | 23.61% |
| 5-Year Change | 74.49% |
| 10-Year Change | 215.44% |
| Growth Volatility | 30.52 |
Changzhou Tenglong Auto Parts - Net Assets Trend (2011–2024)
This chart illustrates how Changzhou Tenglong Auto Parts's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changzhou Tenglong Auto Parts (2011–2024)
The table below shows the annual net assets of Changzhou Tenglong Auto Parts from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.49 Billion | +6.31% |
| 2023-12-31 | CN¥2.34 Billion | +8.92% |
| 2022-12-31 | CN¥2.15 Billion | +1.14% |
| 2021-12-31 | CN¥2.13 Billion | +48.99% |
| 2020-12-31 | CN¥1.43 Billion | +12.84% |
| 2019-12-31 | CN¥1.27 Billion | +18.64% |
| 2018-12-31 | CN¥1.07 Billion | +1.49% |
| 2017-12-31 | CN¥1.05 Billion | +15.63% |
| 2016-12-31 | CN¥908.79 Million | +15.08% |
| 2015-12-31 | CN¥789.73 Million | +121.27% |
| 2014-12-31 | CN¥356.90 Million | +24.21% |
| 2013-12-31 | CN¥287.35 Million | +34.80% |
| 2012-12-31 | CN¥213.17 Million | +34.66% |
| 2011-12-31 | CN¥158.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changzhou Tenglong Auto Parts'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 2006.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥858.87 Million | 38.49% |
| Common Stock | CN¥490.80 Million | 22.00% |
| Other Comprehensive Income | CN¥140.01 Million | 6.27% |
| Other Components | CN¥741.64 Million | 33.24% |
| Total Equity | CN¥2.23 Billion | 100.00% |
Changzhou Tenglong Auto Parts Competitors by Market Cap
The table below lists competitors of Changzhou Tenglong Auto Parts ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Luolai Home Textile Co Ltd
SHE:002293
|
$514.67 Million |
|
ICOSF
PINK:ICOSF
|
$514.68 Million |
|
Sichuan Huiyu Pharmaceutical Co Ltd
SHG:688553
|
$514.70 Million |
|
TOWA PHARMA. CO.
F:6QC
|
$514.92 Million |
|
Nan Pao Resins Chemical Co Ltd
TW:4766
|
$514.20 Million |
|
Close Brothers Group plc
PINK:CBGPF
|
$514.20 Million |
|
Vaalco Energy Inc
NYSE:EGY
|
$513.99 Million |
|
CEWE Stiftung & Co. KGaA
XETRA:CWC
|
$513.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou Tenglong Auto Parts's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,107,777,548 to 2,231,319,759, a change of 123,542,211 (5.9%).
- Net income of 249,827,071 contributed positively to equity growth.
- Dividend payments of 107,115,094 reduced retained earnings.
- Share repurchases of 40,711,590 reduced equity.
- Other comprehensive income increased equity by 123,093,288.
- Other factors decreased equity by 101,551,464.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥249.83 Million | +11.2% |
| Dividends Paid | CN¥107.12 Million | -4.8% |
| Share Repurchases | CN¥40.71 Million | -1.82% |
| Other Comprehensive Income | CN¥123.09 Million | +5.52% |
| Other Changes | CN¥-101.55 Million | -4.55% |
| Total Change | CN¥- | 5.86% |
Book Value vs Market Value Analysis
This analysis compares Changzhou Tenglong Auto Parts'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: 2.81x
- 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 26.37x to 2.81x 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¥0.49 | CN¥12.80 | x |
| 2012-12-31 | CN¥0.67 | CN¥12.80 | x |
| 2013-12-31 | CN¥0.89 | CN¥12.80 | x |
| 2014-12-31 | CN¥1.11 | CN¥12.80 | x |
| 2015-12-31 | CN¥1.97 | CN¥12.80 | x |
| 2016-12-31 | CN¥2.08 | CN¥12.80 | x |
| 2017-12-31 | CN¥2.33 | CN¥12.80 | x |
| 2018-12-31 | CN¥2.31 | CN¥12.80 | x |
| 2019-12-31 | CN¥2.53 | CN¥12.80 | x |
| 2020-12-31 | CN¥2.86 | CN¥12.80 | x |
| 2021-12-31 | CN¥4.33 | CN¥12.80 | x |
| 2022-12-31 | CN¥3.91 | CN¥12.80 | x |
| 2023-12-31 | CN¥4.34 | CN¥12.80 | x |
| 2024-12-31 | CN¥4.56 | CN¥12.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou Tenglong Auto Parts 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): 11.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.55%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.13x
- Recent ROE (11.20%) is below the historical average (15.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 29.43% | 13.84% | 0.92x | 2.32x | CN¥29.77 Million |
| 2012 | 26.44% | 14.20% | 1.01x | 1.85x | CN¥34.23 Million |
| 2013 | 25.02% | 15.48% | 0.90x | 1.79x | CN¥41.68 Million |
| 2014 | 25.78% | 16.17% | 0.95x | 1.68x | CN¥54.67 Million |
| 2015 | 11.94% | 14.86% | 0.66x | 1.22x | CN¥15.09 Million |
| 2016 | 13.49% | 15.28% | 0.63x | 1.41x | CN¥30.63 Million |
| 2017 | 13.12% | 14.47% | 0.59x | 1.53x | CN¥31.13 Million |
| 2018 | 11.93% | 11.48% | 0.63x | 1.65x | CN¥18.95 Million |
| 2019 | 11.50% | 11.80% | 0.42x | 2.31x | CN¥15.89 Million |
| 2020 | 13.05% | 8.79% | 0.59x | 2.50x | CN¥36.44 Million |
| 2021 | 4.85% | 4.15% | 0.61x | 1.92x | CN¥-97.08 Million |
| 2022 | 6.43% | 4.62% | 0.65x | 2.13x | CN¥-68.53 Million |
| 2023 | 9.23% | 5.89% | 0.73x | 2.16x | CN¥-16.32 Million |
| 2024 | 11.20% | 6.55% | 0.80x | 2.13x | CN¥26.70 Million |
Industry Comparison
This section compares Changzhou Tenglong Auto Parts's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changzhou Tenglong Auto Parts (603158) | CN¥2.60 Billion | 29.43% | 0.93x | $514.23 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |