Zhejiang Zomax Transmission (603767) - Net Assets
Based on the latest financial reports, Zhejiang Zomax Transmission (603767) has net assets worth CN¥1.39 Billion CNY (≈ $203.44 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¥1.68 Billion ≈ $245.97 Million USD) and total liabilities (CN¥290.62 Million ≈ $42.53 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. Also explore Zhejiang Zomax Transmission asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.39 Billion |
| % of Total Assets | 82.71% |
| Annual Growth Rate | 16.94% |
| 5-Year Change | -2.6% |
| 10-Year Change | 83.51% |
| Growth Volatility | 27.53 |
Zhejiang Zomax Transmission - Net Assets Trend (2008–2024)
This chart illustrates how Zhejiang Zomax Transmission's net assets have evolved over time, based on quarterly financial data. Check Zhejiang Zomax Transmission tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Zhejiang Zomax Transmission (2008–2024)
The table below shows the annual net assets of Zhejiang Zomax Transmission from 2008 to 2024. For live valuation and market cap data, see 603767 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.43 Billion ≈ $208.78 Million |
-1.97% |
| 2023-12-31 | CN¥1.46 Billion ≈ $212.98 Million |
-0.78% |
| 2022-12-31 | CN¥1.47 Billion ≈ $214.65 Million |
-1.90% |
| 2021-12-31 | CN¥1.50 Billion ≈ $218.82 Million |
+2.08% |
| 2020-12-31 | CN¥1.46 Billion ≈ $214.36 Million |
+1.40% |
| 2019-12-31 | CN¥1.44 Billion ≈ $211.40 Million |
+2.23% |
| 2018-12-31 | CN¥1.41 Billion ≈ $206.80 Million |
-0.56% |
| 2017-12-31 | CN¥1.42 Billion ≈ $207.96 Million |
+70.34% |
| 2016-12-31 | CN¥834.32 Million ≈ $122.09 Million |
+7.31% |
| 2015-12-31 | CN¥777.46 Million ≈ $113.77 Million |
+43.62% |
| 2014-12-31 | CN¥541.32 Million ≈ $79.21 Million |
-13.41% |
| 2013-12-31 | CN¥625.17 Million ≈ $91.48 Million |
+15.63% |
| 2012-12-31 | CN¥540.66 Million ≈ $79.12 Million |
+27.00% |
| 2011-12-31 | CN¥425.72 Million ≈ $62.30 Million |
+28.15% |
| 2010-12-31 | CN¥332.22 Million ≈ $48.61 Million |
+74.04% |
| 2009-12-31 | CN¥190.89 Million ≈ $27.93 Million |
+63.60% |
| 2008-12-31 | CN¥116.68 Million ≈ $17.07 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Zomax Transmission'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 879.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥287.32 Million | 20.14% |
| Common Stock | CN¥308.63 Million | 21.63% |
| Other Components | CN¥830.78 Million | 58.23% |
| Total Equity | CN¥1.43 Billion | 100.00% |
Zhejiang Zomax Transmission Competitors by Market Cap
The table below lists competitors of Zhejiang Zomax Transmission ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kvutzat Acro Ltd.
TA:ACRO
|
$676.82 Million |
|
Zhang Xiaoquan Inc.
SHE:301055
|
$676.84 Million |
|
Liberty Broadband Srs A
NASDAQ:LBRDA
|
$677.07 Million |
|
Cikarang Listrindo Tbk PT
JK:POWR
|
$677.13 Million |
|
Hubeiyichang Transportation Group Co Ltd
SHE:002627
|
$676.48 Million |
|
Mitek Systems Inc
NASDAQ:MITK
|
$676.48 Million |
|
Sobute New Materials Co Ltd
SHG:603916
|
$676.20 Million |
|
Winstek Semiconductor Co Ltd
TWO:3265
|
$676.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Zomax Transmission's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,455,479,285 to 1,426,736,218, a change of -28,743,067 (-2.0%).
- Net income of 33,247,453 contributed positively to equity growth.
- Dividend payments of 61,726,300 reduced retained earnings.
- Other comprehensive income decreased equity by 122,457,798.
- Other factors increased equity by 122,193,578.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.25 Million | +2.33% |
| Dividends Paid | CN¥61.73 Million | -4.33% |
| Other Comprehensive Income | CN¥-122.46 Million | -8.58% |
| Other Changes | CN¥122.19 Million | +8.56% |
| Total Change | CN¥- | -1.97% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Zomax Transmission'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: 3.24x
- 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 15.90x to 3.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.94 | CN¥14.98 | x |
| 2009-12-31 | CN¥1.54 | CN¥14.98 | x |
| 2010-12-31 | CN¥2.37 | CN¥14.98 | x |
| 2011-12-31 | CN¥2.76 | CN¥14.98 | x |
| 2012-12-31 | CN¥3.51 | CN¥14.98 | x |
| 2013-12-31 | CN¥4.07 | CN¥14.98 | x |
| 2014-12-31 | CN¥3.52 | CN¥14.98 | x |
| 2015-12-31 | CN¥4.13 | CN¥14.98 | x |
| 2016-12-31 | CN¥3.75 | CN¥14.98 | x |
| 2017-12-31 | CN¥5.47 | CN¥14.98 | x |
| 2018-12-31 | CN¥4.79 | CN¥14.98 | x |
| 2019-12-31 | CN¥4.84 | CN¥14.98 | x |
| 2020-12-31 | CN¥4.86 | CN¥14.98 | x |
| 2021-12-31 | CN¥4.93 | CN¥14.98 | x |
| 2022-12-31 | CN¥4.77 | CN¥14.98 | x |
| 2023-12-31 | CN¥4.80 | CN¥14.98 | x |
| 2024-12-31 | CN¥4.62 | CN¥14.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Zomax Transmission 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): 2.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.66%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.18x
- Recent ROE (2.33%) is below the historical average (13.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 23.49% | 9.87% | 0.55x | 4.31x | CN¥15.74 Million |
| 2009 | 28.27% | 14.28% | 0.66x | 3.00x | CN¥34.87 Million |
| 2010 | 28.90% | 16.95% | 0.82x | 2.08x | CN¥62.80 Million |
| 2011 | 21.96% | 14.32% | 0.66x | 2.31x | CN¥50.93 Million |
| 2012 | 18.61% | 11.03% | 0.75x | 2.25x | CN¥46.54 Million |
| 2013 | 19.50% | 12.84% | 0.83x | 1.83x | CN¥59.42 Million |
| 2014 | 29.42% | 15.17% | 1.05x | 1.85x | CN¥105.14 Million |
| 2015 | 12.81% | 10.98% | 0.77x | 1.51x | CN¥21.87 Million |
| 2016 | 12.57% | 12.75% | 0.69x | 1.43x | CN¥21.43 Million |
| 2017 | 5.49% | 8.86% | 0.49x | 1.26x | CN¥-64.11 Million |
| 2018 | 3.97% | 6.34% | 0.48x | 1.30x | CN¥-85.27 Million |
| 2019 | 5.18% | 7.91% | 0.50x | 1.32x | CN¥-69.64 Million |
| 2020 | 3.77% | 5.25% | 0.53x | 1.36x | CN¥-91.24 Million |
| 2021 | 4.26% | 5.68% | 0.56x | 1.35x | CN¥-85.88 Million |
| 2022 | 2.88% | 4.24% | 0.54x | 1.26x | CN¥-104.44 Million |
| 2023 | 5.00% | 6.59% | 0.59x | 1.30x | CN¥-72.78 Million |
| 2024 | 2.33% | 3.66% | 0.54x | 1.18x | CN¥-109.43 Million |
Industry Comparison
This section compares Zhejiang Zomax Transmission's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,080,049,954
- Average return on equity (ROE) among peers: 9.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Zomax Transmission (603767) | CN¥1.39 Billion | 23.49% | 0.21x | $676.53 Million |
| FAWER Automotive Parts Ltd Co (000030) | $5.30 Billion | 9.49% | 0.52x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $5.72 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.95 Billion | 10.46% | 0.29x | $2.04 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.61 Billion | 7.75% | 2.40x | $973.66 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.73 Billion | -20.59% | 4.27x | $1.66 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $-125.97 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $443.53 Million | 6.07% | 1.06x | $601.27 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $921.70 Million | 3.60% | 3.23x | $1.56 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $307.91 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $86.66 Million | 35.43% | 2.22x | $3.63 Billion |
About Zhejiang Zomax Transmission
Zhejiang Zomax Transmission Co., Ltd. engages in the research and development, production, and sale of automotive transmissions and vehicle gears in China and internationally. The company offers automotive transmissions, new energy vehicle reducer, electronically controlled transfer cases, automobile gear, motorcycle gear, and agricultural machinery gear; and automobile gear, including automobile… Read more