Changshu Tongrun Auto
Changshu Tongrun Auto Accessory Co., Ltd. engages in the research, development, manufacture, and sale of various hydraulic jacks. It provides garage series, tool cabinet and cart, work bench, jobsite box, tool box, and tool cabinet with tools; bottle jacks, floor jacks, jack stands, engine stand, engine crane, auto equipment and accessories, screw jacks, auto tools and storage, motorcycle equipme… Read more
Changshu Tongrun Auto (603201) - Net Assets
Latest net assets as of June 2025: CN¥1.72 Billion CNY
Based on the latest financial reports, Changshu Tongrun Auto (603201) has net assets worth CN¥1.72 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.03 Billion) and total liabilities (CN¥1.31 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¥1.72 Billion |
| % of Total Assets | 56.77% |
| Annual Growth Rate | 36.35% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 39.71 |
Changshu Tongrun Auto - Net Assets Trend (2020–2024)
This chart illustrates how Changshu Tongrun Auto's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changshu Tongrun Auto (2020–2024)
The table below shows the annual net assets of Changshu Tongrun Auto from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.69 Billion | +10.78% |
| 2023-12-31 | CN¥1.53 Billion | +15.45% |
| 2022-12-31 | CN¥1.32 Billion | +108.87% |
| 2021-12-31 | CN¥633.55 Million | +29.39% |
| 2020-12-31 | CN¥489.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changshu Tongrun Auto'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 183.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥970.50 Million | 59.15% |
| Other Components | CN¥670.17 Million | 40.85% |
| Total Equity | CN¥1.64 Billion | 100.00% |
Changshu Tongrun Auto Competitors by Market Cap
The table below lists competitors of Changshu Tongrun Auto ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Context Therapeutics Inc
NASDAQ:CNTX
|
$122.17 Million |
|
Zhejiang XinNong Chemical Co Ltd Class A
SHE:002942
|
$122.21 Million |
|
Sern Kou Resources Bhd
KLSE:7180
|
$122.21 Million |
|
Panion & BF Biotech Inc
TW:1760
|
$122.27 Million |
|
Jacobio Pharmaceuticals Group Co. Ltd.
PINK:JBPHF
|
$122.14 Million |
|
Silicius Real Estate SOCIMI S.A.
MC:YSIL
|
$122.08 Million |
|
Raymond Limited
NSE:RAYMOND
|
$122.08 Million |
|
Francaise de l'Energie
LSE:0RIL
|
$122.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changshu Tongrun Auto's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,475,595,541 to 1,640,666,207, a change of 165,070,666 (11.2%).
- Net income of 245,268,104 contributed positively to equity growth.
- Dividend payments of 94,002,127 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥245.27 Million | +14.95% |
| Dividends Paid | CN¥94.00 Million | -5.73% |
| Other Changes | CN¥13.80 Million | +0.84% |
| Total Change | CN¥- | 11.19% |
Book Value vs Market Value Analysis
This analysis compares Changshu Tongrun Auto'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: 2.14x
- 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 4.71x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥3.93 | CN¥18.51 | x |
| 2021-12-31 | CN¥4.28 | CN¥18.51 | x |
| 2022-12-31 | CN¥6.88 | CN¥18.51 | x |
| 2023-12-31 | CN¥7.78 | CN¥18.51 | x |
| 2024-12-31 | CN¥8.63 | CN¥18.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changshu Tongrun Auto 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): 14.95%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.14%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.80x
- Recent ROE (14.95%) is below the historical average (18.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 26.75% | 4.96% | 1.41x | 3.83x | CN¥76.90 Million |
| 2021 | 23.67% | 4.65% | 1.60x | 3.19x | CN¥82.10 Million |
| 2022 | 13.47% | 6.27% | 1.21x | 1.78x | CN¥44.67 Million |
| 2023 | 14.23% | 7.63% | 1.01x | 1.84x | CN¥62.47 Million |
| 2024 | 14.95% | 8.14% | 1.02x | 1.80x | CN¥81.20 Million |
Industry Comparison
This section compares Changshu Tongrun Auto'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 |
|---|---|---|---|---|
| Changshu Tongrun Auto (603201) | CN¥1.72 Billion | 26.75% | 0.76x | $122.14 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 |