Guangdong Wencan Die Casting Co Ltd (603348) - Net Assets
Based on the latest financial reports, Guangdong Wencan Die Casting Co Ltd (603348) has net assets worth CN¥4.32 Billion CNY (≈ $631.94 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.08 Billion ≈ $1.33 Billion USD) and total liabilities (CN¥4.76 Billion ≈ $696.67 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 603348 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.32 Billion |
| % of Total Assets | 47.56% |
| Annual Growth Rate | 24.17% |
| 5-Year Change | 64.59% |
| 10-Year Change | 386.22% |
| Growth Volatility | 30.4 |
Guangdong Wencan Die Casting Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Guangdong Wencan Die Casting Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Wencan Die Casting Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Wencan Die Casting Co Ltd (2012–2024)
The table below shows the annual net assets of Guangdong Wencan Die Casting Co Ltd from 2012 to 2024. For live valuation and market cap data, see market cap of Guangdong Wencan Die Casting Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.25 Billion ≈ $621.57 Million |
+31.76% |
| 2023-12-31 | CN¥3.22 Billion ≈ $471.75 Million |
+5.82% |
| 2022-12-31 | CN¥3.05 Billion ≈ $445.81 Million |
+12.08% |
| 2021-12-31 | CN¥2.72 Billion ≈ $397.76 Million |
+5.32% |
| 2020-12-31 | CN¥2.58 Billion ≈ $377.65 Million |
+13.80% |
| 2019-12-31 | CN¥2.27 Billion ≈ $331.87 Million |
+11.17% |
| 2018-12-31 | CN¥2.04 Billion ≈ $298.53 Million |
+81.21% |
| 2017-12-31 | CN¥1.13 Billion ≈ $164.75 Million |
+12.17% |
| 2016-12-31 | CN¥1.00 Billion ≈ $146.87 Million |
+14.89% |
| 2015-12-31 | CN¥873.61 Million ≈ $127.84 Million |
+103.68% |
| 2014-12-31 | CN¥428.92 Million ≈ $62.77 Million |
+9.55% |
| 2013-12-31 | CN¥391.51 Million ≈ $57.29 Million |
+23.84% |
| 2012-12-31 | CN¥316.15 Million ≈ $46.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Wencan Die Casting 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 397.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥913.23 Million | 21.50% |
| Common Stock | CN¥314.48 Million | 7.40% |
| Other Components | CN¥3.02 Billion | 71.10% |
| Total Equity | CN¥4.25 Billion | 100.00% |
Guangdong Wencan Die Casting Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Wencan Die Casting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KMW Inc.
KQ:032500
|
$849.07 Million |
|
N-Able Inc
NYSE:NABL
|
$849.58 Million |
|
Shenzhen Weiguang Biological Products Co Ltd
SHE:002880
|
$849.61 Million |
|
Changzhou Kaidi Electrical Inc
SHG:605288
|
$849.67 Million |
|
Ams AG
SW:AMS
|
$848.87 Million |
|
Macmic Science & Technology Co Ltd
SHG:688711
|
$847.84 Million |
|
Bergman & Beving AB (publ)
ST:BERG-B
|
$847.70 Million |
|
Xinjiang Yilite Industry Co Ltd
SHG:600197
|
$847.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Wencan Die Casting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,223,876,262 to 4,247,703,703, a change of 1,023,827,441 (31.8%).
- Net income of 115,068,542 contributed positively to equity growth.
- Dividend payments of 155,660,093 reduced retained earnings.
- Other factors increased equity by 1,064,418,992.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥115.07 Million | +2.71% |
| Dividends Paid | CN¥155.66 Million | -3.66% |
| Other Changes | CN¥1.06 Billion | +25.06% |
| Total Change | CN¥- | 31.76% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Wencan Die Casting 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: 1.22x
- 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 9.36x to 1.22x 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¥1.97 | CN¥18.45 | x |
| 2013-12-31 | CN¥2.47 | CN¥18.45 | x |
| 2014-12-31 | CN¥2.99 | CN¥18.45 | x |
| 2015-12-31 | CN¥5.57 | CN¥18.45 | x |
| 2016-12-31 | CN¥6.10 | CN¥18.45 | x |
| 2017-12-31 | CN¥6.81 | CN¥18.45 | x |
| 2018-12-31 | CN¥10.10 | CN¥18.45 | x |
| 2019-12-31 | CN¥10.26 | CN¥18.45 | x |
| 2020-12-31 | CN¥11.09 | CN¥18.45 | x |
| 2021-12-31 | CN¥10.63 | CN¥18.45 | x |
| 2022-12-31 | CN¥11.54 | CN¥18.45 | x |
| 2023-12-31 | CN¥12.15 | CN¥18.45 | x |
| 2024-12-31 | CN¥15.13 | CN¥18.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Wencan Die Casting 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): 2.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.84%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.04x
- Recent ROE (2.71%) is below the historical average (9.59%), 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 | 11.49% | 3.96% | 0.77x | 3.79x | CN¥3.98 Million |
| 2013 | 20.24% | 7.12% | 0.87x | 3.27x | CN¥34.28 Million |
| 2014 | 18.38% | 8.08% | 0.87x | 2.62x | CN¥35.95 Million |
| 2015 | 17.23% | 12.90% | 0.92x | 1.46x | CN¥63.18 Million |
| 2016 | 15.41% | 12.72% | 0.63x | 1.93x | CN¥54.33 Million |
| 2017 | 13.79% | 9.97% | 0.67x | 2.08x | CN¥42.72 Million |
| 2018 | 6.14% | 7.73% | 0.56x | 1.41x | CN¥-78.78 Million |
| 2019 | 3.13% | 4.62% | 0.39x | 1.73x | CN¥-155.76 Million |
| 2020 | 3.25% | 3.22% | 0.46x | 2.17x | CN¥-174.27 Million |
| 2021 | 3.57% | 2.36% | 0.69x | 2.18x | CN¥-174.65 Million |
| 2022 | 7.80% | 4.54% | 0.71x | 2.41x | CN¥-67.08 Million |
| 2023 | 1.56% | 0.99% | 0.66x | 2.40x | CN¥-271.95 Million |
| 2024 | 2.71% | 1.84% | 0.72x | 2.04x | CN¥-309.70 Million |
Industry Comparison
This section compares Guangdong Wencan Die Casting Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Wencan Die Casting Co Ltd (603348) | CN¥4.32 Billion | 11.49% | 1.10x | $849.03 Million |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About Guangdong Wencan Die Casting Co Ltd
Wencan Group Co., Ltd. engages in the research and development, production, and sale of aluminum alloy precision castings in China and internationally. It offers integrated body systems, such as monocoque front end, split front end, integrated side panel, and semi-monocoque rear floor and rear assembly; body structural system, including A pillar, door panel, front shock absorber, rear longitudina… Read more