Zhejiang Baida Precision Mnfg
Zhejiang Baida Precision Manufacturing Corp. engages in the research, development, manufacture, and sale of compressor and auto parts in China. The company offers rotary compressor components, including sliders, balance blocks, cylinders, crankshafts, pistons, upper- and lower-cylinder heads, and partitions; commercial air conditioner scroll compressor components comprising cross rings, lower bea… Read more
Zhejiang Baida Precision Mnfg (603331) - Net Assets
Latest net assets as of September 2025: CN¥1.35 Billion CNY
Based on the latest financial reports, Zhejiang Baida Precision Mnfg (603331) has net assets worth CN¥1.35 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¥3.32 Billion) and total liabilities (CN¥1.97 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¥1.35 Billion |
| % of Total Assets | 40.66% |
| Annual Growth Rate | 16.5% |
| 5-Year Change | 37.79% |
| 10-Year Change | 330.49% |
| Growth Volatility | 23.2 |
Zhejiang Baida Precision Mnfg - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Baida Precision Mnfg's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Baida Precision Mnfg (2012–2024)
The table below shows the annual net assets of Zhejiang Baida Precision Mnfg from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.31 Billion | -1.30% |
| 2023-12-31 | CN¥1.33 Billion | +32.11% |
| 2022-12-31 | CN¥1.00 Billion | +3.42% |
| 2021-12-31 | CN¥970.98 Million | +2.18% |
| 2020-12-31 | CN¥950.27 Million | +13.21% |
| 2019-12-31 | CN¥839.37 Million | +16.87% |
| 2018-12-31 | CN¥718.22 Million | +5.45% |
| 2017-12-31 | CN¥681.12 Million | +89.70% |
| 2016-12-31 | CN¥359.06 Million | +18.05% |
| 2015-12-31 | CN¥304.17 Million | +15.40% |
| 2014-12-31 | CN¥263.57 Million | +8.21% |
| 2013-12-31 | CN¥243.58 Million | +16.25% |
| 2012-12-31 | CN¥209.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Baida Precision Mnfg'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 1831.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥499.53 Million | 38.93% |
| Common Stock | CN¥202.18 Million | 15.76% |
| Other Components | CN¥581.33 Million | 45.31% |
| Total Equity | CN¥1.28 Billion | 100.00% |
Zhejiang Baida Precision Mnfg Competitors by Market Cap
The table below lists competitors of Zhejiang Baida Precision Mnfg ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transport International Holdings Limited
F:KWO
|
$270.22 Million |
|
Miracll Chemicals Co Ltd
SHE:300848
|
$270.25 Million |
|
Suzhou W Deane New Power Elec
SHG:603312
|
$270.25 Million |
|
Zilltek Technology Corp
TWO:6679
|
$270.35 Million |
|
Knight Therapeutics Inc
PINK:KHTRF
|
$270.15 Million |
|
Shandong Longji Machinery Co Ltd
SHE:002363
|
$270.09 Million |
|
Henan Carve Electronics Technology Co. Ltd.
SHE:301182
|
$270.08 Million |
|
Bosung Power Technology Co. Ltd
KQ:006910
|
$270.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Baida Precision Mnfg's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,284,907,358 to 1,283,036,846, a change of -1,870,512 (-0.1%).
- Net income of 33,015,631 contributed positively to equity growth.
- Dividend payments of 62,919,165 reduced retained earnings.
- Other factors increased equity by 28,033,022.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.02 Million | +2.57% |
| Dividends Paid | CN¥62.92 Million | -4.9% |
| Other Changes | CN¥28.03 Million | +2.18% |
| Total Change | CN¥- | -0.15% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Baida Precision Mnfg'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: 2.57x
- 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 10.06x to 2.57x 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¥1.58 | CN¥15.95 | x |
| 2013-12-31 | CN¥1.87 | CN¥15.95 | x |
| 2014-12-31 | CN¥2.10 | CN¥15.95 | x |
| 2015-12-31 | CN¥2.22 | CN¥15.95 | x |
| 2016-12-31 | CN¥2.65 | CN¥15.95 | x |
| 2017-12-31 | CN¥4.31 | CN¥15.95 | x |
| 2018-12-31 | CN¥4.00 | CN¥15.95 | x |
| 2019-12-31 | CN¥4.28 | CN¥15.95 | x |
| 2020-12-31 | CN¥4.90 | CN¥15.95 | x |
| 2021-12-31 | CN¥5.04 | CN¥15.95 | x |
| 2022-12-31 | CN¥5.28 | CN¥15.95 | x |
| 2023-12-31 | CN¥6.59 | CN¥15.95 | x |
| 2024-12-31 | CN¥6.22 | CN¥15.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Baida Precision Mnfg 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): 2.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.15%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.54x
- Recent ROE (2.57%) is below the historical average (10.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 11.72% | 5.69% | 0.68x | 3.03x | CN¥3.40 Million |
| 2013 | 15.31% | 7.45% | 0.74x | 2.76x | CN¥12.40 Million |
| 2014 | 15.99% | 7.76% | 0.82x | 2.50x | CN¥15.80 Million |
| 2015 | 11.90% | 7.50% | 0.71x | 2.23x | CN¥5.68 Million |
| 2016 | 15.63% | 10.12% | 0.76x | 2.03x | CN¥20.02 Million |
| 2017 | 9.28% | 8.65% | 0.71x | 1.52x | CN¥-4.90 Million |
| 2018 | 9.81% | 9.10% | 0.71x | 1.51x | CN¥-1.36 Million |
| 2019 | 9.80% | 8.77% | 0.57x | 1.97x | CN¥-1.50 Million |
| 2020 | 9.33% | 8.42% | 0.51x | 2.16x | CN¥-5.87 Million |
| 2021 | 10.26% | 7.54% | 0.58x | 2.34x | CN¥2.30 Million |
| 2022 | 7.24% | 5.23% | 0.61x | 2.27x | CN¥-25.68 Million |
| 2023 | 9.25% | 8.26% | 0.44x | 2.53x | CN¥-9.59 Million |
| 2024 | 2.57% | 2.15% | 0.47x | 2.54x | CN¥-95.29 Million |
Industry Comparison
This section compares Zhejiang Baida Precision Mnfg'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 |
|---|---|---|---|---|
| Zhejiang Baida Precision Mnfg (603331) | CN¥1.35 Billion | 11.72% | 1.46x | $270.21 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 |