Zhejiang Dehong Automotive (603701) - Net Assets
Based on the latest financial reports, Zhejiang Dehong Automotive (603701) has net assets worth CN¥832.64 Million CNY (≈ $121.84 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¥1.43 Billion ≈ $209.86 Million USD) and total liabilities (CN¥601.53 Million ≈ $88.02 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 Dehong Automotive liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 603701 total asset value for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Zhejiang Dehong Automotive stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥834.48 Million ≈ $122.11 Million |
+5.74% |
| 2023-12-31 | CN¥789.20 Million ≈ $115.49 Million |
+3.26% |
| 2022-12-31 | CN¥764.32 Million ≈ $111.84 Million |
+2.68% |
| 2021-12-31 | CN¥744.39 Million ≈ $108.93 Million |
+3.49% |
| 2020-12-31 | CN¥719.31 Million ≈ $105.26 Million |
+2.01% |
| 2019-12-31 | CN¥705.10 Million ≈ $103.18 Million |
+1.35% |
| 2018-12-31 | CN¥695.73 Million ≈ $101.81 Million |
+17.44% |
| 2017-12-31 | CN¥592.40 Million ≈ $86.69 Million |
+8.39% |
| 2016-12-31 | CN¥546.57 Million ≈ $79.98 Million |
+96.70% |
| 2015-12-31 | CN¥277.87 Million ≈ $40.66 Million |
+10.64% |
| 2014-12-31 | CN¥251.16 Million ≈ $36.75 Million |
+10.53% |
| 2013-12-31 | CN¥227.23 Million ≈ $33.25 Million |
+12.74% |
| 2012-12-31 | CN¥201.54 Million ≈ $29.49 Million |
+13.58% |
| 2011-12-31 | CN¥177.44 Million ≈ $25.97 Million |
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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 |
|---|---|
|
Medincell SA
PA:MEDCL
|
$955.80 Million |
|
KPI Green Energy Limited
NSE:KPIGREEN
|
$956.00 Million |
|
Jiangsu Olive Sensors High-Tech Co Ltd
SHE:300507
|
$956.02 Million |
|
BioLife Solutions Inc
NASDAQ:BLFS
|
$956.22 Million |
|
Australian United Investment Company Ltd
AU:AUI
|
$954.47 Million |
|
China CYTS Tours Holding Co Ltd
SHG:600138
|
$954.34 Million |
|
Shenzhen Tellus Holding Co Ltd
SHE:000025
|
$954.10 Million |
|
Shanghai Huitong Energy Co Ltd
SHG:600605
|
$953.87 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 46,131,138 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: 7.99x
- 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 27.46x to 7.99x 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¥24.99 | x |
| 2012-12-31 | CN¥1.04 | CN¥24.99 | x |
| 2013-12-31 | CN¥1.17 | CN¥24.99 | x |
| 2014-12-31 | CN¥1.30 | CN¥24.99 | x |
| 2015-12-31 | CN¥1.44 | CN¥24.99 | x |
| 2016-12-31 | CN¥2.25 | CN¥24.99 | x |
| 2017-12-31 | CN¥2.30 | CN¥24.99 | x |
| 2018-12-31 | CN¥2.70 | CN¥24.99 | x |
| 2019-12-31 | CN¥2.67 | CN¥24.99 | x |
| 2020-12-31 | CN¥2.83 | CN¥24.99 | x |
| 2021-12-31 | CN¥2.87 | CN¥24.99 | x |
| 2022-12-31 | CN¥2.68 | CN¥24.99 | x |
| 2023-12-31 | CN¥3.06 | CN¥24.99 | x |
| 2024-12-31 | CN¥3.13 | CN¥24.99 | 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 (12.83%), 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 | 1.49% | 2.25% | 0.48x | 1.37x | CN¥-63.16 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: $2,314,550,990
- Average return on equity (ROE) among peers: 5.71%
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 | $955.75 Million |
| FAWER Automotive Parts Ltd Co (000030) | $5.30 Billion | 9.49% | 0.52x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.72 Billion | 3.64% | 1.83x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.08 Billion | -8.46% | 3.69x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-125.97 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.27 Billion | 0.97% | 1.13x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-733.97 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $797.13 Million | 4.24% | 1.03x | $3.35 Billion |
About 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.