Chongqing QinAn M&E PLC (603758) - Net Assets
Based on the latest financial reports, Chongqing QinAn M&E PLC (603758) has net assets worth CN¥2.53 Billion CNY (≈ $370.85 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¥2.85 Billion ≈ $417.72 Million USD) and total liabilities (CN¥320.30 Million ≈ $46.87 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 Chongqing QinAn M&E PLC liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.53 Billion |
| % of Total Assets | 88.78% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | -9.59% |
| 10-Year Change | 65.86% |
| Growth Volatility | 18.75 |
Chongqing QinAn M&E PLC - Net Assets Trend (2012–2024)
This chart illustrates how Chongqing QinAn M&E PLC's net assets have evolved over time, based on quarterly financial data. Also explore Chongqing QinAn M&E PLC assets under control for the complete picture of this company's asset base.
Annual Net Assets for Chongqing QinAn M&E PLC (2012–2024)
The table below shows the annual net assets of Chongqing QinAn M&E PLC from 2012 to 2024. For live valuation and market cap data, see market cap of Chongqing QinAn M&E PLC.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.38 Billion ≈ $348.87 Million |
-7.94% |
| 2023-12-31 | CN¥2.59 Billion ≈ $378.94 Million |
-2.71% |
| 2022-12-31 | CN¥2.66 Billion ≈ $389.50 Million |
+0.37% |
| 2021-12-31 | CN¥2.65 Billion ≈ $388.06 Million |
+0.56% |
| 2020-12-31 | CN¥2.64 Billion ≈ $385.88 Million |
+7.06% |
| 2019-12-31 | CN¥2.46 Billion ≈ $360.45 Million |
+5.37% |
| 2018-12-31 | CN¥2.34 Billion ≈ $342.07 Million |
-4.91% |
| 2017-12-31 | CN¥2.46 Billion ≈ $359.73 Million |
+48.54% |
| 2016-12-31 | CN¥1.66 Billion ≈ $242.18 Million |
+15.13% |
| 2015-12-31 | CN¥1.44 Billion ≈ $210.35 Million |
+45.98% |
| 2014-12-31 | CN¥984.67 Million ≈ $144.09 Million |
+27.09% |
| 2013-12-31 | CN¥774.79 Million ≈ $113.38 Million |
+28.95% |
| 2012-12-31 | CN¥600.86 Million ≈ $87.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chongqing QinAn M&E PLC'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 390.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.09 Billion | 45.66% |
| Common Stock | CN¥438.80 Million | 18.41% |
| Other Components | CN¥856.68 Million | 35.93% |
| Total Equity | CN¥2.38 Billion | 100.00% |
Chongqing QinAn M&E PLC Competitors by Market Cap
The table below lists competitors of Chongqing QinAn M&E PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Satrec Initiative Co. Ltd
KQ:099320
|
$862.99 Million |
|
M Grass Ecology and Environment Group Co Ltd
SHE:300355
|
$863.88 Million |
|
Tianma Bearing Group Co Ltd
SHE:002122
|
$864.00 Million |
|
Guangzhou KingTeller Technology Co Ltd
SHE:002177
|
$864.36 Million |
|
Archicom S.A.
WAR:ARH
|
$862.90 Million |
|
Nanjing Kangni Mechanical & Electrical Co Ltd
SHG:603111
|
$862.81 Million |
|
Business First Bancshares Inc
NASDAQ:BFST
|
$862.64 Million |
|
United Overseas Australia Ltd
AU:UOS
|
$862.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chongqing QinAn M&E PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,589,631,197 to 2,384,111,861, a change of -205,519,336 (-7.9%).
- Net income of 172,862,279 contributed positively to equity growth.
- Dividend payments of 216,282,438 reduced retained earnings.
- Share repurchases of 80,000,183 reduced equity.
- Other factors decreased equity by 82,098,994.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥172.86 Million | +7.25% |
| Dividends Paid | CN¥216.28 Million | -9.07% |
| Share Repurchases | CN¥80.00 Million | -3.36% |
| Other Changes | CN¥-82.10 Million | -3.44% |
| Total Change | CN¥- | -7.94% |
Book Value vs Market Value Analysis
This analysis compares Chongqing QinAn M&E PLC'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: 2.44x
- 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 7.67x to 2.44x 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¥1.75 | CN¥13.44 | x |
| 2013-12-31 | CN¥2.23 | CN¥13.44 | x |
| 2014-12-31 | CN¥2.81 | CN¥13.44 | x |
| 2015-12-31 | CN¥3.84 | CN¥13.44 | x |
| 2016-12-31 | CN¥4.34 | CN¥13.44 | x |
| 2017-12-31 | CN¥5.88 | CN¥13.44 | x |
| 2018-12-31 | CN¥5.51 | CN¥13.44 | x |
| 2019-12-31 | CN¥5.61 | CN¥13.44 | x |
| 2020-12-31 | CN¥5.93 | CN¥13.44 | x |
| 2021-12-31 | CN¥6.31 | CN¥13.44 | x |
| 2022-12-31 | CN¥6.32 | CN¥13.44 | x |
| 2023-12-31 | CN¥5.96 | CN¥13.44 | x |
| 2024-12-31 | CN¥5.52 | CN¥13.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chongqing QinAn M&E PLC 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): 7.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.80%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.21x
- Recent ROE (7.25%) is below the historical average (10.78%), 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 | 15.97% | 12.67% | 0.62x | 2.03x | CN¥35.90 Million |
| 2013 | 22.45% | 18.14% | 0.69x | 1.80x | CN¥96.44 Million |
| 2014 | 21.32% | 20.32% | 0.56x | 1.88x | CN¥111.42 Million |
| 2015 | 17.17% | 21.02% | 0.52x | 1.58x | CN¥103.14 Million |
| 2016 | 13.14% | 18.13% | 0.51x | 1.43x | CN¥52.04 Million |
| 2017 | 7.65% | 15.38% | 0.46x | 1.08x | CN¥-57.77 Million |
| 2018 | -2.72% | -9.41% | 0.27x | 1.07x | CN¥-297.42 Million |
| 2019 | 4.79% | 19.80% | 0.22x | 1.08x | CN¥-128.35 Million |
| 2020 | 12.32% | 35.52% | 0.31x | 1.12x | CN¥61.12 Million |
| 2021 | 3.87% | 7.22% | 0.46x | 1.16x | CN¥-162.68 Million |
| 2022 | 6.81% | 14.35% | 0.40x | 1.20x | CN¥-84.95 Million |
| 2023 | 10.07% | 14.99% | 0.55x | 1.22x | CN¥1.76 Million |
| 2024 | 7.25% | 10.80% | 0.55x | 1.21x | CN¥-65.55 Million |
Industry Comparison
This section compares Chongqing QinAn M&E PLC's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,241,212,649
- Average return on equity (ROE) among peers: 3.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chongqing QinAn M&E PLC (603758) | CN¥2.53 Billion | 15.97% | 0.13x | $862.98 Million |
| FAWER Automotive Parts Ltd Co (000030) | $4.25 Billion | 12.78% | 0.67x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $2.12 Billion | 6.41% | 1.35x | $8.58 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $10.00 Billion | 11.08% | 0.31x | $2.32 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $810.12 Million | -9.29% | 1.97x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $707.54 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $176.30 Million | 2.76% | 1.99x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $907.28 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.95 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $572.87 Million | 4.59% | 0.74x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $-57.93 Million | 0.00% | 0.00x | $3.58 Billion |
About Chongqing QinAn M&E PLC
Chongqing Qin'an M&E PLC., together with its subsidiary, engages in the research, development, production and sales of core components of automobile engines, key components of transmissions, new energy hybrid drive systems and other products in China. The company offers automobile engine, including cylinder blocks, cylinder heads, and crankshafts; transmission key components, such as housings, sh… Read more