Ningbo Shenglong Automotive Powertrain System Co Ltd (603178) - Net Assets
Based on the latest financial reports, Ningbo Shenglong Automotive Powertrain System Co Ltd (603178) has net assets worth CN¥1.14 Billion CNY (≈ $167.50 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.10 Billion ≈ $307.93 Million USD) and total liabilities (CN¥959.67 Million ≈ $140.43 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 603178 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.14 Billion |
| % of Total Assets | 54.4% |
| Annual Growth Rate | 15.92% |
| 5-Year Change | -4.76% |
| 10-Year Change | 160.37% |
| Growth Volatility | 33.34 |
Ningbo Shenglong Automotive Powertrain System Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Ningbo Shenglong Automotive Powertrain System Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603178 stock market capitalisation.
Annual Net Assets for Ningbo Shenglong Automotive Powertrain System Co Ltd (2012–2025)
The table below shows the annual net assets of Ningbo Shenglong Automotive Powertrain System Co Ltd from 2012 to 2025. Also explore Ningbo Shenglong Automotive Powertrain S equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.14 Billion ≈ $167.00 Million |
-12.01% |
| 2024-12-31 | CN¥1.30 Billion ≈ $189.80 Million |
+0.98% |
| 2023-12-31 | CN¥1.28 Billion ≈ $187.96 Million |
+2.11% |
| 2022-12-31 | CN¥1.26 Billion ≈ $184.08 Million |
+4.98% |
| 2021-12-31 | CN¥1.20 Billion ≈ $175.35 Million |
+77.89% |
| 2020-12-31 | CN¥673.65 Million ≈ $98.58 Million |
+7.00% |
| 2019-12-31 | CN¥629.58 Million ≈ $92.13 Million |
-29.07% |
| 2018-12-31 | CN¥887.63 Million ≈ $129.89 Million |
+2.49% |
| 2017-12-31 | CN¥866.08 Million ≈ $126.73 Million |
+97.59% |
| 2016-12-31 | CN¥438.31 Million ≈ $64.14 Million |
+21.37% |
| 2015-12-31 | CN¥361.14 Million ≈ $52.85 Million |
+28.06% |
| 2014-12-31 | CN¥282.01 Million ≈ $41.27 Million |
+30.04% |
| 2013-12-31 | CN¥216.86 Million ≈ $31.73 Million |
+29.61% |
| 2012-12-31 | CN¥167.32 Million ≈ $24.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Shenglong Automotive Powertrain System 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 12.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥29.27 Million | 2.57% |
| Other Components | CN¥1.11 Billion | 97.43% |
| Total Equity | CN¥1.14 Billion | 100.00% |
Ningbo Shenglong Automotive Powertrain System Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Shenglong Automotive Powertrain System Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globalworth REIT
LSE:GWI
|
$533.45 Million |
|
Djerriwarrh Investments Ltd
AU:DJW
|
$533.51 Million |
|
Arvinas Inc
NASDAQ:ARVN
|
$533.55 Million |
|
Gallant Precision Machining Co Ltd
TWO:5443
|
$533.60 Million |
|
Jindal Worldwide Limited
NSE:JINDWORLD
|
$533.03 Million |
|
GS P&L CO LTD
KO:499790
|
$532.96 Million |
|
LH Hotel Leasehold Real Estate Investment Trust
BK:LHHOTEL
|
$532.90 Million |
|
Lu Thai Textile Co Ltd
SHE:000726
|
$532.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Shenglong Automotive Powertrain System Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,297,027,212 to 1,141,247,121, a change of -155,780,091 (-12.0%).
- Net loss of 211,407,670 reduced equity.
- Dividend payments of 15,898,377 reduced retained earnings.
- Other comprehensive income decreased equity by 94,179,095.
- Other factors increased equity by 165,705,052.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-211.41 Million | -18.52% |
| Dividends Paid | CN¥15.90 Million | -1.39% |
| Other Comprehensive Income | CN¥-94.18 Million | -8.25% |
| Other Changes | CN¥165.71 Million | +14.52% |
| Total Change | CN¥- | -12.01% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Shenglong Automotive Powertrain System 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: 3.19x
- 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 7.63x to 3.19x 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¥2.02 | CN¥15.42 | x |
| 2013-12-31 | CN¥1.45 | CN¥15.42 | x |
| 2014-12-31 | CN¥1.93 | CN¥15.42 | x |
| 2015-12-31 | CN¥2.27 | CN¥15.42 | x |
| 2016-12-31 | CN¥2.71 | CN¥15.42 | x |
| 2017-12-31 | CN¥4.34 | CN¥15.42 | x |
| 2018-12-31 | CN¥4.20 | CN¥15.42 | x |
| 2019-12-31 | CN¥3.08 | CN¥15.42 | x |
| 2020-12-31 | CN¥3.39 | CN¥15.42 | x |
| 2021-12-31 | CN¥5.82 | CN¥15.42 | x |
| 2022-12-31 | CN¥5.36 | CN¥15.42 | x |
| 2023-12-31 | CN¥5.54 | CN¥15.42 | x |
| 2024-12-31 | CN¥5.67 | CN¥15.42 | x |
| 2025-12-31 | CN¥4.83 | CN¥15.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Shenglong Automotive Powertrain System 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): -18.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.62%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.90x
- Recent ROE (-18.52%) is below the historical average (7.34%), 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 | 23.76% | 6.29% | 1.10x | 3.45x | CN¥22.80 Million |
| 2013 | 20.69% | 6.09% | 0.98x | 3.46x | CN¥22.03 Million |
| 2014 | 24.33% | 7.14% | 0.96x | 3.53x | CN¥39.04 Million |
| 2015 | 20.24% | 6.16% | 0.91x | 3.61x | CN¥34.76 Million |
| 2016 | 19.58% | 6.36% | 0.82x | 3.73x | CN¥38.99 Million |
| 2017 | 11.53% | 6.00% | 0.75x | 2.57x | CN¥12.53 Million |
| 2018 | 4.52% | 2.91% | 0.63x | 2.49x | CN¥-46.18 Million |
| 2019 | -33.74% | -17.17% | 0.63x | 3.10x | CN¥-271.73 Million |
| 2020 | 8.25% | 4.55% | 0.65x | 2.77x | CN¥-11.76 Million |
| 2021 | 8.60% | 6.88% | 0.72x | 1.73x | CN¥-16.82 Million |
| 2022 | 7.09% | 6.02% | 0.72x | 1.65x | CN¥-36.65 Million |
| 2023 | 4.15% | 3.68% | 0.67x | 1.67x | CN¥-75.10 Million |
| 2024 | 2.29% | 1.84% | 0.69x | 1.82x | CN¥-99.95 Million |
| 2025 | -18.52% | -12.62% | 0.77x | 1.90x | CN¥-325.53 Million |
Industry Comparison
This section compares Ningbo Shenglong Automotive Powertrain System Co Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $16,035,544,710
- Average return on equity (ROE) among peers: 10.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Shenglong Automotive Powertrain System Co Ltd (603178) | CN¥1.14 Billion | 23.76% | 0.84x | $533.45 Million |
| Weichai Power Co Ltd Class A (000338) | $105.51 Billion | 9.00% | 1.78x | $25.01 Billion |
| Jiangling Motors Corp Ltd (000550) | $2.99 Billion | 16.56% | 0.56x | $1.31 Billion |
| Haima Automobile Group Co Ltd (000572) | $263.88 Million | 0.33% | 2.46x | $972.27 Million |
| Chongqing Changan Automobile Co Ltd (000625) | $43.35 Billion | 23.72% | 1.46x | $8.57 Billion |
| Anhui Ankai Automobile Co Ltd (000868) | $44.98 Million | 33.95% | 1.75x | $507.30 Million |
| Kunming Yunnei Power Co Ltd (000903) | $621.16 Million | 12.87% | 0.35x | $580.41 Million |
| Zhejiang Qianjiang Motorcycle Co Ltd (000913) | $2.52 Billion | 3.28% | 0.55x | $831.16 Million |
| Zotye Automobile Co Ltd (000980) | $373.04 Million | -23.80% | 1.38x | $1.59 Billion |
| Yinyi Real Estate Co Ltd (000981) | $741.88 Million | 2.18% | 0.81x | $4.01 Billion |
| BYD Co Ltd Class A (002594) | $3.93 Billion | 22.77% | 1.20x | $66.76 Billion |
About Ningbo Shenglong Automotive Powertrain System Co Ltd
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. engages in the research and development, production, and sale of automotive powertrain components in China and internationally. It offers engine oil pumps, camshafts, transmission oil pumps, transfer case oil pumps, transmission parts, and others. The company was incorporated in 2007 and is headquartered in Ningbo, China. Ningbo Shenglong Aut… Read more