Zhejiang Dehong Automotive Net Assets
Zhejiang Dehong Automotive net assets. Based on the latest financial reports, Zhejiang Dehong Automotive (603701) has net assets worth CN¥835.83 Million CNY (≈ $122.31 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.69 Billion ≈ $247.60 Million USD) and total liabilities (CN¥856.20 Million ≈ $125.29 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. See 603701 equity to assets ratio to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥835.83 Million |
| % of Total Assets | 49.4% |
| Annual Growth Rate | 11.72% |
| 5-Year Change | 12.45% |
| 10-Year Change | 53.15% |
| Growth Volatility | 23.63 |
Net Assets of Zhejiang Dehong Automotive (2011–2025)
Net assets of Zhejiang Dehong Automotive from 2011 to 2025. This chart illustrates how Zhejiang Dehong Automotive's net assets have evolved over time, based on quarterly financial data. Also explore 603701 net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Zhejiang Dehong Automotive (2011–2025)
The table below shows the annual net assets of Zhejiang Dehong Automotive from 2011 to 2025. For live market cap and overall valuation, see Zhejiang Dehong Automotive (603701) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥837.10 Million ≈ $122.49 Million |
+0.31% |
| 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 566.8% over the analyzed period, indicating profitable operations and earnings retention.
Zhejiang Dehong Automotive Net Assets Breakdown (December 2025)
Zhejiang Dehong Automotive net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥355.10 Million | 44.21% |
| Other Components | CN¥448.09 Million | 55.79% |
| Total Equity | CN¥803.20 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 |
|---|---|
|
First Watch Restaurant Group Inc
NASDAQ:FWRG
|
$690.56 Million |
|
Southern California Bancorp
NASDAQ:BCAL
|
$690.59 Million |
|
Wave Life Sciences Ltd
NASDAQ:WVE
|
$690.72 Million |
|
Zhejiang Founder Motor Co Ltd
SHE:002196
|
$690.79 Million |
|
SeAH Bestee
KO:001430
|
$690.21 Million |
|
AEVEX Corp.
NYSE:AVEX
|
$690.07 Million |
|
Zee Entertainment Enterprises Limited
NSE:ZEEL
|
$689.74 Million |
|
Hangzhou Zhongtai Cryogenic Technology Corp
SHE:300435
|
$689.72 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 2024 to 2025, total equity changed from 801,950,973 to 803,195,855, a change of 1,244,882 (0.2%).
- Net income of 11,536,888 contributed positively to equity growth.
- Dividend payments of 15,001,586 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.54 Million | +1.44% |
| Dividends Paid | CN¥15.00 Million | -1.87% |
| Other Changes | CN¥4.71 Million | +0.59% |
| Total Change | CN¥- | 0.16% |
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: 5.87x
- 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 19.84x to 5.87x 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¥18.05 | x |
| 2012-12-31 | CN¥1.04 | CN¥18.05 | x |
| 2013-12-31 | CN¥1.17 | CN¥18.05 | x |
| 2014-12-31 | CN¥1.30 | CN¥18.05 | x |
| 2015-12-31 | CN¥1.44 | CN¥18.05 | x |
| 2016-12-31 | CN¥2.25 | CN¥18.05 | x |
| 2017-12-31 | CN¥2.30 | CN¥18.05 | x |
| 2018-12-31 | CN¥2.70 | CN¥18.05 | x |
| 2019-12-31 | CN¥2.67 | CN¥18.05 | x |
| 2020-12-31 | CN¥2.83 | CN¥18.05 | x |
| 2021-12-31 | CN¥2.87 | CN¥18.05 | x |
| 2022-12-31 | CN¥2.68 | CN¥18.05 | x |
| 2023-12-31 | CN¥3.06 | CN¥18.05 | x |
| 2024-12-31 | CN¥3.13 | CN¥18.05 | x |
| 2025-12-31 | CN¥3.07 | CN¥18.05 | 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): 1.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.25%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.86x
- Recent ROE (1.44%) is below the historical average (12.07%), 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 |
| 2025 | 1.44% | 1.25% | 0.62x | 1.86x | CN¥-68.78 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: $2,673,842,672
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Dehong Automotive (603701) | CN¥835.83 Million | 27.84% | 1.02x | $690.33 Million |
| FAWER Automotive Parts Ltd Co (000030) | $747.95 Million | 3.82% | 1.74x | $878.35 Million |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $6.11 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $1.97 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.05 Billion | 4.62% | 2.03x | $923.61 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.51 Billion | 2.38% | 2.25x | $1.33 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $1.22 Billion |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.82 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $700.55 Million | 11.30% | 0.76x | $289.99 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $699.33 Million | 19.09% | 1.09x | $3.14 Billion |
About Zhejiang Dehong Automotive
Zhejiang Dehong Automotive Electronic & Electrical Co., Ltd., together with its subsidiaries, engages in the research, development, manufacturing, sale, and services of automobile alternators in China and internationally. Its products are used in commercial vehicles, passenger cars, aftermarket products, electronic vacuum pumps, and energy storage equipment. The company was formerly known as Shen… Read more