Zhejiang Dehong Automotive
Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd. engages in the research and development, manufacture, and sale of automobile alternators in China and internationally. Its products are used in commercial vehicles and passenger cars, aftermarket products, and electronic vacuum pumps. The company was founded in 1978 and is headquartered in Huzhou, China.
Zhejiang Dehong Automotive (603701) - Net Assets
Latest net assets as of September 2025: CN¥832.64 Million CNY
Based on the latest financial reports, Zhejiang Dehong Automotive (603701) has net assets worth CN¥832.64 Million 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¥1.43 Billion) and total liabilities (CN¥601.53 Million). 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¥832.64 Million |
| % of Total Assets | 58.06% |
| Annual Growth Rate | 12.64% |
| 5-Year Change | 16.01% |
| 10-Year Change | 200.31% |
| Growth Volatility | 24.23 |
Zhejiang Dehong Automotive - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Dehong Automotive'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 Dehong Automotive (2011–2024)
The table below shows the annual net assets of Zhejiang Dehong Automotive from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥834.48 Million | +5.74% |
| 2023-12-31 | CN¥789.20 Million | +3.26% |
| 2022-12-31 | CN¥764.32 Million | +2.68% |
| 2021-12-31 | CN¥744.39 Million | +3.49% |
| 2020-12-31 | CN¥719.31 Million | +2.01% |
| 2019-12-31 | CN¥705.10 Million | +1.35% |
| 2018-12-31 | CN¥695.73 Million | +17.44% |
| 2017-12-31 | CN¥592.40 Million | +8.39% |
| 2016-12-31 | CN¥546.57 Million | +96.70% |
| 2015-12-31 | CN¥277.87 Million | +10.64% |
| 2014-12-31 | CN¥251.16 Million | +10.53% |
| 2013-12-31 | CN¥227.23 Million | +12.74% |
| 2012-12-31 | CN¥201.54 Million | +13.58% |
| 2011-12-31 | CN¥177.44 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Dehong Automotive'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 573.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥358.77 Million | 44.74% |
| Common Stock | CN¥261.36 Million | 32.59% |
| Other Components | CN¥181.82 Million | 22.67% |
| Total Equity | CN¥801.95 Million | 100.00% |
Zhejiang Dehong Automotive Competitors by Market Cap
The table below lists competitors of Zhejiang Dehong Automotive ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Quanxin Cable Technology Co Ltd
SHE:300447
|
$387.47 Million |
|
Shanghai QiFan Cable Co Ltd
SHG:605222
|
$387.49 Million |
|
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
|
$387.50 Million |
|
Ruitai Materials Technology Co Ltd
SHE:002066
|
$387.51 Million |
|
I-Mab
NASDAQ:IMAB
|
$387.37 Million |
|
Tianjin Keyvia Electric Co Ltd
SHE:300407
|
$387.27 Million |
|
Nanjing Chemical Fibre Co Ltd
SHG:600889
|
$387.21 Million |
|
Tus-Sound Environmental Resources Co Ltd
SHE:000826
|
$387.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Dehong Automotive's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 762,353,884 to 801,950,973, a change of 39,597,089 (5.2%).
- Net income of 46,131,136 contributed positively to equity growth.
- Dividend payments of 7,427,887 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥46.13 Million | +5.75% |
| Dividends Paid | CN¥7.43 Million | -0.93% |
| Other Changes | CN¥893.84K | +0.11% |
| Total Change | CN¥- | 5.19% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Dehong Automotive'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: 7.63x
- 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 25.71x to 7.63x 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¥0.91 | CN¥23.40 | x |
| 2012-12-31 | CN¥1.03 | CN¥23.40 | x |
| 2013-12-31 | CN¥1.17 | CN¥23.40 | x |
| 2014-12-31 | CN¥1.30 | CN¥23.40 | x |
| 2015-12-31 | CN¥1.44 | CN¥23.40 | x |
| 2016-12-31 | CN¥2.25 | CN¥23.40 | x |
| 2017-12-31 | CN¥2.30 | CN¥23.40 | x |
| 2018-12-31 | CN¥2.70 | CN¥23.40 | x |
| 2019-12-31 | CN¥2.63 | CN¥23.40 | x |
| 2020-12-31 | CN¥2.83 | CN¥23.40 | x |
| 2021-12-31 | CN¥2.87 | CN¥23.40 | x |
| 2022-12-31 | CN¥2.84 | CN¥23.40 | x |
| 2023-12-31 | CN¥3.06 | CN¥23.40 | x |
| 2024-12-31 | CN¥3.07 | CN¥23.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Dehong Automotive 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): 5.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.52%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.60x
- Recent ROE (5.75%) is below the historical average (12.91%), 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 | 27.84% | 13.64% | 0.96x | 2.13x | CN¥31.40 Million |
| 2012 | 18.34% | 11.13% | 0.83x | 1.98x | CN¥16.67 Million |
| 2013 | 19.35% | 11.60% | 0.91x | 1.84x | CN¥21.13 Million |
| 2014 | 20.27% | 12.15% | 0.95x | 1.75x | CN¥25.69 Million |
| 2015 | 19.71% | 13.35% | 0.87x | 1.70x | CN¥26.93 Million |
| 2016 | 12.40% | 16.28% | 0.56x | 1.36x | CN¥13.10 Million |
| 2017 | 13.62% | 15.85% | 0.60x | 1.43x | CN¥21.46 Million |
| 2018 | 15.93% | 24.15% | 0.50x | 1.31x | CN¥41.24 Million |
| 2019 | 8.24% | 12.08% | 0.49x | 1.40x | CN¥-12.29 Million |
| 2020 | 8.83% | 10.59% | 0.60x | 1.38x | CN¥-8.42 Million |
| 2021 | 5.23% | 6.57% | 0.62x | 1.29x | CN¥-35.51 Million |
| 2022 | 2.59% | 3.91% | 0.48x | 1.37x | CN¥-55.00 Million |
| 2023 | 2.62% | 3.08% | 0.57x | 1.49x | CN¥-56.28 Million |
| 2024 | 5.75% | 6.52% | 0.55x | 1.60x | CN¥-34.06 Million |
Industry Comparison
This section compares Zhejiang Dehong Automotive'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 Dehong Automotive (603701) | CN¥832.64 Million | 27.84% | 0.72x | $387.41 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 |