Loncin Motor Co Ltd (603766) - Net Assets
Based on the latest financial reports, Loncin Motor Co Ltd (603766) has net assets worth CN¥10.04 Billion CNY (≈ $1.47 Billion 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¥17.67 Billion ≈ $2.59 Billion USD) and total liabilities (CN¥7.63 Billion ≈ $1.12 Billion 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 Loncin Motor Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.04 Billion |
| % of Total Assets | 56.81% |
| Annual Growth Rate | 13.15% |
| 5-Year Change | 22.83% |
| 10-Year Change | 68.48% |
| Growth Volatility | 12.0 |
Loncin Motor Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Loncin Motor Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603766 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Loncin Motor Co Ltd (2009–2024)
The table below shows the annual net assets of Loncin Motor Co Ltd from 2009 to 2024. For live valuation and market cap data, see 603766 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.28 Billion ≈ $1.36 Billion |
+10.11% |
| 2023-12-31 | CN¥8.43 Billion ≈ $1.23 Billion |
+3.70% |
| 2022-12-31 | CN¥8.13 Billion ≈ $1.19 Billion |
+4.70% |
| 2021-12-31 | CN¥7.76 Billion ≈ $1.14 Billion |
+2.74% |
| 2020-12-31 | CN¥7.56 Billion ≈ $1.11 Billion |
+0.35% |
| 2019-12-31 | CN¥7.53 Billion ≈ $1.10 Billion |
+6.71% |
| 2018-12-31 | CN¥7.06 Billion ≈ $1.03 Billion |
-2.38% |
| 2017-12-31 | CN¥7.23 Billion ≈ $1.06 Billion |
+10.61% |
| 2016-12-31 | CN¥6.53 Billion ≈ $956.15 Million |
+18.62% |
| 2015-12-31 | CN¥5.51 Billion ≈ $806.07 Million |
+30.86% |
| 2014-12-31 | CN¥4.21 Billion ≈ $615.97 Million |
+14.75% |
| 2013-12-31 | CN¥3.67 Billion ≈ $536.79 Million |
+11.79% |
| 2012-12-31 | CN¥3.28 Billion ≈ $480.17 Million |
+39.40% |
| 2011-12-31 | CN¥2.35 Billion ≈ $344.46 Million |
+25.88% |
| 2010-12-31 | CN¥1.87 Billion ≈ $273.65 Million |
+28.53% |
| 2009-12-31 | CN¥1.45 Billion ≈ $212.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Loncin Motor 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 971.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.34 Billion | 69.03% |
| Common Stock | CN¥2.05 Billion | 22.38% |
| Other Components | CN¥788.37 Million | 8.59% |
| Total Equity | CN¥9.18 Billion | 100.00% |
Loncin Motor Co Ltd Competitors by Market Cap
The table below lists competitors of Loncin Motor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aditya Birla Sun Life AMC Limited
NSE:ABSLAMC
|
$3.43 Billion |
|
XJ Electric Co Ltd
SHE:000400
|
$3.43 Billion |
|
Zhejiang JIULI Hi-tech Metals Co Ltd
SHE:002318
|
$3.43 Billion |
|
Genworth Financial Inc
NYSE:GNW
|
$3.44 Billion |
|
Viohalco S.A
BR:VIO
|
$3.43 Billion |
|
Zhuhai CosMX Battery Co Ltd
SHG:688772
|
$3.43 Billion |
|
Hualan Biological EngineeringInc
SHE:002007
|
$3.43 Billion |
|
Angel One Limited
NSE:ANGELONE
|
$3.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Loncin Motor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,252,709,655 to 9,177,502,109, a change of 924,792,454 (11.2%).
- Net income of 1,121,271,678 contributed positively to equity growth.
- Dividend payments of 216,515,177 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.12 Billion | +12.22% |
| Dividends Paid | CN¥216.52 Million | -2.36% |
| Other Changes | CN¥20.04 Million | +0.22% |
| Total Change | CN¥- | 11.21% |
Book Value vs Market Value Analysis
This analysis compares Loncin Motor 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: 2.54x
- 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 14.25x to 2.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.80 | CN¥11.42 | x |
| 2010-12-31 | CN¥1.03 | CN¥11.42 | x |
| 2011-12-31 | CN¥1.28 | CN¥11.42 | x |
| 2012-12-31 | CN¥1.72 | CN¥11.42 | x |
| 2013-12-31 | CN¥1.79 | CN¥11.42 | x |
| 2014-12-31 | CN¥2.04 | CN¥11.42 | x |
| 2015-12-31 | CN¥2.52 | CN¥11.42 | x |
| 2016-12-31 | CN¥2.95 | CN¥11.42 | x |
| 2017-12-31 | CN¥3.16 | CN¥11.42 | x |
| 2018-12-31 | CN¥3.06 | CN¥11.42 | x |
| 2019-12-31 | CN¥3.37 | CN¥11.42 | x |
| 2020-12-31 | CN¥3.50 | CN¥11.42 | x |
| 2021-12-31 | CN¥3.61 | CN¥11.42 | x |
| 2022-12-31 | CN¥3.85 | CN¥11.42 | x |
| 2023-12-31 | CN¥3.96 | CN¥11.42 | x |
| 2024-12-31 | CN¥4.50 | CN¥11.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Loncin Motor 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): 12.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.67%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 1.75x
- Recent ROE (12.22%) is below the historical average (13.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 19.79% | 6.29% | 1.01x | 3.10x | CN¥142.39 Million |
| 2010 | 19.89% | 6.57% | 1.63x | 1.85x | CN¥184.11 Million |
| 2011 | 19.14% | 6.45% | 1.54x | 1.93x | CN¥210.39 Million |
| 2012 | 14.38% | 7.17% | 1.21x | 1.66x | CN¥140.65 Million |
| 2013 | 15.39% | 8.49% | 1.17x | 1.55x | CN¥193.50 Million |
| 2014 | 14.91% | 9.19% | 1.08x | 1.50x | CN¥200.87 Million |
| 2015 | 15.06% | 11.00% | 0.84x | 1.63x | CN¥260.30 Million |
| 2016 | 14.23% | 10.20% | 0.86x | 1.62x | CN¥257.31 Million |
| 2017 | 14.56% | 9.12% | 0.93x | 1.72x | CN¥302.03 Million |
| 2018 | 14.37% | 8.21% | 0.94x | 1.87x | CN¥279.48 Million |
| 2019 | 8.99% | 5.85% | 0.81x | 1.90x | CN¥-70.03 Million |
| 2020 | 6.67% | 4.60% | 0.80x | 1.82x | CN¥-239.82 Million |
| 2021 | 5.20% | 2.95% | 0.99x | 1.79x | CN¥-355.67 Million |
| 2022 | 6.75% | 4.25% | 0.99x | 1.61x | CN¥-254.04 Million |
| 2023 | 7.07% | 4.47% | 0.94x | 1.69x | CN¥-241.85 Million |
| 2024 | 12.22% | 6.67% | 1.05x | 1.75x | CN¥203.52 Million |
Industry Comparison
This section compares Loncin Motor Co Ltd's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $5,296,910,876
- Average return on equity (ROE) among peers: 4.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Loncin Motor Co Ltd (603766) | CN¥10.04 Billion | 19.79% | 0.76x | $3.43 Billion |
| Weichai Power Co Ltd Class A (000338) | $11.33 Billion | 17.05% | 1.58x | $28.79 Billion |
| Jiangling Motors Corp Ltd (000550) | $4.15 Billion | 18.89% | 0.44x | $1.32 Billion |
| Haima Automobile Group Co Ltd (000572) | $5.72 Billion | 1.49% | 0.88x | $989.12 Million |
| Chongqing Changan Automobile Co Ltd (000625) | $2.34 Billion | 0.71% | 1.26x | $8.94 Billion |
| Anhui Ankai Automobile Co Ltd (000868) | $894.90 Million | -18.98% | 2.68x | $499.05 Million |
| Kunming Yunnei Power Co Ltd (000903) | $946.70 Million | 6.91% | 1.03x | $557.76 Million |
| Zhejiang Qianjiang Motorcycle Co Ltd (000913) | $217.30 Million | 23.56% | 1.47x | $935.15 Million |
| Zotye Automobile Co Ltd (000980) | $2.44 Billion | -37.71% | 1.92x | $1.67 Billion |
| Yinyi Real Estate Co Ltd (000981) | $71.56 Million | 32.27% | 2.66x | $4.90 Billion |
| BYD Co Ltd Class A (002594) | $24.86 Billion | 2.23% | 2.07x | $69.55 Billion |
About Loncin Motor Co Ltd
Loncin Motor Co., Ltd. manufactures and sells generating sets, agricultural machinery equipment, light-duty power units, and two-wheeled motorcycles in Japan and internationally. It offers motorcycles, motorcycle engines, recreational vehicles, engines, farm machinery; and engine parts. The company also provides large displacement engines; generators, water pumps, battery lawns, and tillers, as w… Read more