Zhejiang XCC Group Co Ltd (603667) - Net Assets
Based on the latest financial reports, Zhejiang XCC Group Co Ltd (603667) has net assets worth CN¥3.04 Billion CNY (≈ $444.42 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¥5.21 Billion ≈ $761.94 Million USD) and total liabilities (CN¥2.17 Billion ≈ $317.53 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 Zhejiang XCC Group Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.04 Billion |
| % of Total Assets | 58.33% |
| Annual Growth Rate | 20.61% |
| 5-Year Change | 56.69% |
| 10-Year Change | 314.09% |
| Growth Volatility | 23.44 |
Zhejiang XCC Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang XCC Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang XCC Group Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang XCC Group Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang XCC Group Co Ltd from 2011 to 2024. For live valuation and market cap data, see Zhejiang XCC Group Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.96 Billion ≈ $433.39 Million |
-0.42% |
| 2023-12-31 | CN¥2.97 Billion ≈ $435.24 Million |
+23.55% |
| 2022-12-31 | CN¥2.41 Billion ≈ $352.27 Million |
+17.53% |
| 2021-12-31 | CN¥2.05 Billion ≈ $299.72 Million |
+8.36% |
| 2020-12-31 | CN¥1.89 Billion ≈ $276.60 Million |
+3.74% |
| 2019-12-31 | CN¥1.82 Billion ≈ $266.64 Million |
+1.84% |
| 2018-12-31 | CN¥1.79 Billion ≈ $261.82 Million |
+41.03% |
| 2017-12-31 | CN¥1.27 Billion ≈ $185.65 Million |
+5.71% |
| 2016-12-31 | CN¥1.20 Billion ≈ $175.62 Million |
+67.79% |
| 2015-12-31 | CN¥715.24 Million ≈ $104.66 Million |
+13.63% |
| 2014-12-31 | CN¥629.47 Million ≈ $92.11 Million |
+12.13% |
| 2013-12-31 | CN¥561.39 Million ≈ $82.15 Million |
+23.96% |
| 2012-12-31 | CN¥452.89 Million ≈ $66.27 Million |
+74.91% |
| 2011-12-31 | CN¥258.92 Million ≈ $37.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang XCC Group 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 621.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥710.21 Million | 24.38% |
| Common Stock | CN¥366.34 Million | 12.58% |
| Other Components | CN¥1.84 Billion | 63.04% |
| Total Equity | CN¥2.91 Billion | 100.00% |
Zhejiang XCC Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang XCC Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Badger Meter Inc
NYSE:BMI
|
$3.56 Billion |
|
DOF Group ASA
OL:DOFG
|
$3.56 Billion |
|
Procter & Gamble Hygiene and Health Care Limited
NSE:PGHH
|
$3.56 Billion |
|
KINGSOFT C.H.LTD. DL-001
F:KS70
|
$3.56 Billion |
|
Kimberly-Clark de México S. A. B. de C. V
MX:KIMBERA
|
$3.56 Billion |
|
COSAN S.A. SP.ADR 1/4
F:9CI0
|
$3.56 Billion |
|
Banijay Group NV
AS:BNJ
|
$3.56 Billion |
|
NCsoft Corp
KO:036570
|
$3.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang XCC Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,900,383,602 to 2,912,762,286, a change of 12,378,684 (0.4%).
- Net income of 91,370,153 contributed positively to equity growth.
- Dividend payments of 101,041,947 reduced retained earnings.
- Share repurchases of 9,678,478 reduced equity.
- Other factors increased equity by 31,728,956.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥91.37 Million | +3.14% |
| Dividends Paid | CN¥101.04 Million | -3.47% |
| Share Repurchases | CN¥9.68 Million | -0.33% |
| Other Changes | CN¥31.73 Million | +1.09% |
| Total Change | CN¥- | 0.43% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang XCC Group 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: 8.33x
- 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 58.94x to 8.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.13 | CN¥66.38 | x |
| 2012-12-31 | CN¥2.17 | CN¥66.38 | x |
| 2013-12-31 | CN¥2.57 | CN¥66.38 | x |
| 2014-12-31 | CN¥2.90 | CN¥66.38 | x |
| 2015-12-31 | CN¥3.32 | CN¥66.38 | x |
| 2016-12-31 | CN¥5.44 | CN¥66.38 | x |
| 2017-12-31 | CN¥4.65 | CN¥66.38 | x |
| 2018-12-31 | CN¥6.23 | CN¥66.38 | x |
| 2019-12-31 | CN¥6.09 | CN¥66.38 | x |
| 2020-12-31 | CN¥6.32 | CN¥66.38 | x |
| 2021-12-31 | CN¥6.79 | CN¥66.38 | x |
| 2022-12-31 | CN¥7.49 | CN¥66.38 | x |
| 2023-12-31 | CN¥8.40 | CN¥66.38 | x |
| 2024-12-31 | CN¥7.97 | CN¥66.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang XCC Group 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): 3.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.80%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.79x
- Recent ROE (3.14%) is below the historical average (10.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 32.85% | 10.05% | 0.58x | 5.67x | CN¥50.42 Million |
| 2012 | 17.76% | 10.05% | 0.80x | 2.22x | CN¥32.94 Million |
| 2013 | 15.87% | 9.35% | 0.78x | 2.17x | CN¥29.54 Million |
| 2014 | 15.13% | 9.35% | 0.74x | 2.17x | CN¥29.29 Million |
| 2015 | 12.97% | 9.06% | 0.71x | 2.03x | CN¥19.51 Million |
| 2016 | 7.78% | 8.26% | 0.66x | 1.43x | CN¥-25.36 Million |
| 2017 | 8.17% | 8.62% | 0.67x | 1.41x | CN¥-22.12 Million |
| 2018 | 6.10% | 7.45% | 0.46x | 1.78x | CN¥-65.52 Million |
| 2019 | 5.92% | 5.63% | 0.58x | 1.80x | CN¥-70.62 Million |
| 2020 | 3.45% | 3.54% | 0.52x | 1.89x | CN¥-117.68 Million |
| 2021 | 6.34% | 5.10% | 0.57x | 2.17x | CN¥-71.38 Million |
| 2022 | 6.41% | 4.62% | 0.73x | 1.91x | CN¥-82.69 Million |
| 2023 | 4.76% | 4.45% | 0.66x | 1.63x | CN¥-151.86 Million |
| 2024 | 3.14% | 2.80% | 0.63x | 1.79x | CN¥-199.91 Million |
Industry Comparison
This section compares Zhejiang XCC Group Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $2,592,773,172
- Average return on equity (ROE) among peers: 17.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang XCC Group Co Ltd (603667) | CN¥3.04 Billion | 32.85% | 0.71x | $3.56 Billion |
| Bosun Tools Co Ltd (002282) | $773.10 Million | 7.33% | 0.10x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $944.80 Million | 8.52% | 0.08x | $670.77 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $200.12 Million | 86.55% | 2.62x | $537.47 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $16.59 Billion | 13.89% | 0.39x | $5.98 Billion |
| Geron Co Ltd (002722) | $2.09 Billion | 4.98% | 0.32x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $265.78 Million | 17.29% | 0.56x | $2.16 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $2.70 Billion | 7.09% | 0.28x | $950.76 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $1.00 Billion | 12.81% | 0.62x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $382.63 Million | 10.71% | 0.29x | $979.13 Million |
| Wafangdian Bearing Co Ltd (200706) | $986.18 Million | 4.84% | 1.12x | $143.90 Million |
About Zhejiang XCC Group Co Ltd
Zhejiang XCC Group Co.,Ltd engages in the research, development, manufacture, and sale of bearings in the United States, Japan, Korea, Brazil, and internationally. The company offers automotive bearings, which includes electric car motor and transmission, alternator, tensioner, engine fan, steering, AC clutch, water pump, propeller and drive shaft, CVJ roller assembly, and ZXZ automotive series b… Read more