Changshu Tongrun Auto (603201) - Net Assets
Based on the latest financial reports, Changshu Tongrun Auto (603201) has net assets worth CN¥1.83 Billion CNY (≈ $268.15 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¥3.08 Billion ≈ $449.98 Million USD) and total liabilities (CN¥1.24 Billion ≈ $181.84 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. Explore Changshu Tongrun Auto cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.83 Billion |
| % of Total Assets | 59.59% |
| Annual Growth Rate | 30.0% |
| 5-Year Change | 186.88% |
| 10-Year Change | N/A |
| Growth Volatility | 38.0 |
Changshu Tongrun Auto - Net Assets Trend (2020–2025)
This chart illustrates how Changshu Tongrun Auto's net assets have evolved over time, based on quarterly financial data. Also explore Changshu Tongrun Auto assets under control for the complete picture of this company's asset base.
Annual Net Assets for Changshu Tongrun Auto (2020–2025)
The table below shows the annual net assets of Changshu Tongrun Auto from 2020 to 2025. For live valuation and market cap data, see Changshu Tongrun Auto market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.82 Billion ≈ $265.96 Million |
+7.39% |
| 2024-12-31 | CN¥1.69 Billion ≈ $247.66 Million |
+10.78% |
| 2023-12-31 | CN¥1.53 Billion ≈ $223.56 Million |
+15.45% |
| 2022-12-31 | CN¥1.32 Billion ≈ $193.64 Million |
+108.87% |
| 2021-12-31 | CN¥633.55 Million ≈ $92.71 Million |
+29.39% |
| 2020-12-31 | CN¥489.66 Million ≈ $71.65 Million |
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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 222.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.10 Billion | 62.18% |
| Other Components | CN¥671.30 Million | 37.82% |
| Total Equity | CN¥1.77 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 |
|---|---|
|
Temple & Webster Group Ltd
AU:TPW
|
$445.93 Million |
|
Shenzhen Ridge Engineering Consulting Co. Ltd.
SHE:300977
|
$445.96 Million |
|
Zhejiang Jinsheng New Materials Co
SHE:300849
|
$446.02 Million |
|
Guangxi Fenglin Wood Industry Group Co Ltd
SHG:601996
|
$446.15 Million |
|
Zhejiang Liming Intelligent Manufacturing Co Ltd
SHG:603048
|
$445.77 Million |
|
Orient Electric Limited
NSE:ORIENTELEC
|
$445.71 Million |
|
Charming Medical Limited Class A Ordinary Shares
NASDAQ:MCTA
|
$445.55 Million |
|
Zhejiang Talent Television&Film Co Ltd
SHE:300426
|
$445.52 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 2024 to 2025, total equity changed from 1,640,666,207 to 1,774,800,909, a change of 134,134,702 (8.2%).
- Net income of 215,720,209 contributed positively to equity growth.
- Dividend payments of 85,034,505 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥215.72 Million | +12.15% |
| Dividends Paid | CN¥85.03 Million | -4.79% |
| Other Changes | CN¥3.45 Million | +0.19% |
| Total Change | CN¥- | 8.18% |
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: 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 4.08x 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 |
|---|---|---|---|
| 2020-12-31 | CN¥3.93 | CN¥16.04 | x |
| 2021-12-31 | CN¥4.28 | CN¥16.04 | x |
| 2022-12-31 | CN¥6.88 | CN¥16.04 | x |
| 2023-12-31 | CN¥7.78 | CN¥16.04 | x |
| 2024-12-31 | CN¥8.63 | CN¥16.04 | x |
| 2025-12-31 | CN¥9.34 | CN¥16.04 | 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): 12.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.07%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.73x
- Recent ROE (12.15%) is below the historical average (17.54%), 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 |
| 2025 | 12.15% | 7.07% | 0.99x | 1.73x | CN¥38.24 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: $1,304,479,428
- Average return on equity (ROE) among peers: 8.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changshu Tongrun Auto (603201) | CN¥1.83 Billion | 26.75% | 0.68x | $445.91 Million |
| FAWER Automotive Parts Ltd Co (000030) | $747.95 Million | 3.82% | 1.74x | $1.13 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $819.25 Million | 10.93% | 0.51x | $7.65 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.73 Billion | 7.09% | 0.69x | $2.26 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.55 Billion | 23.23% | 1.79x | $1.06 Billion |
| Qingdao Doublestar Co Ltd (000599) | $3.85 Billion | 0.71% | 1.33x | $1.71 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $204.20 Million | 1.54% | 0.67x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $790.93 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $284.89 Million | 8.82% | 0.84x | $2.04 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $75.01 Million | 19.07% | 1.43x | $321.95 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $1.53 Billion | 19.40% | 1.00x | $3.79 Billion |
About 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