Hefei Changqing Machinery Co Ltd
Changqing Machinery Company Limited produces and sells stamping and welding parts for automobile parts primarily in China. The company offers powertrain, chassis, and body products and accessories; and electronic appliances, molds, and general parts. Its products are used in passenger cars, commercial vehicles, and other vehicles. Changqing Machinery Company Limited was founded in 2004 and is bas… Read more
Hefei Changqing Machinery Co Ltd (603768) - Net Assets
Latest net assets as of September 2025: CN¥2.35 Billion CNY
Based on the latest financial reports, Hefei Changqing Machinery Co Ltd (603768) has net assets worth CN¥2.35 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.26 Billion) and total liabilities (CN¥3.91 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.35 Billion |
| % of Total Assets | 37.56% |
| Annual Growth Rate | 18.06% |
| 5-Year Change | 37.82% |
| 10-Year Change | 306.93% |
| Growth Volatility | 32.29 |
Hefei Changqing Machinery Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Hefei Changqing Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hefei Changqing Machinery Co Ltd (2012–2024)
The table below shows the annual net assets of Hefei Changqing Machinery Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.43 Billion | +21.75% |
| 2023-12-31 | CN¥2.00 Billion | +5.95% |
| 2022-12-31 | CN¥1.89 Billion | +4.68% |
| 2021-12-31 | CN¥1.80 Billion | +2.07% |
| 2020-12-31 | CN¥1.76 Billion | +3.99% |
| 2019-12-31 | CN¥1.70 Billion | +0.00% |
| 2018-12-31 | CN¥1.70 Billion | +2.38% |
| 2017-12-31 | CN¥1.66 Billion | +122.16% |
| 2016-12-31 | CN¥745.93 Million | +24.83% |
| 2015-12-31 | CN¥597.57 Million | +14.83% |
| 2014-12-31 | CN¥520.40 Million | +14.60% |
| 2013-12-31 | CN¥454.09 Million | +36.94% |
| 2012-12-31 | CN¥331.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hefei Changqing Machinery 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 818.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥952.11 Million | 39.15% |
| Common Stock | CN¥237.96 Million | 9.79% |
| Other Comprehensive Income | CN¥86.60 Million | 3.56% |
| Other Components | CN¥1.16 Billion | 47.50% |
| Total Equity | CN¥2.43 Billion | 100.00% |
Hefei Changqing Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Hefei Changqing Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Weihai Baihe Biology Technological Co. Ltd.
SHG:603102
|
$148.11 Million |
|
Shenyang Cuihua Gold and Silver Jewelry Co Ltd
SHE:002731
|
$148.12 Million |
|
Albatron Technology Co Ltd
TWO:5386
|
$148.21 Million |
|
VIVO Cannabis Inc
PINK:ABCCF
|
$148.26 Million |
|
GTL Infrastructure Limited
NSE:GTLINFRA
|
$148.08 Million |
|
Limes Schlosskliniken AG
XETRA:LIK
|
$148.07 Million |
|
Comintel Corporation Berhad
KLSE:7195
|
$148.06 Million |
|
Draganfly Inc
NASDAQ:DPRO
|
$148.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hefei Changqing Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,997,366,259 to 2,431,708,777, a change of 434,342,518 (21.7%).
- Net income of 68,159,175 contributed positively to equity growth.
- Dividend payments of 84,588,936 reduced retained earnings.
- Other comprehensive income increased equity by 21,200.
- Other factors increased equity by 450,751,079.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥68.16 Million | +2.8% |
| Dividends Paid | CN¥84.59 Million | -3.48% |
| Other Comprehensive Income | CN¥21.20K | +0.0% |
| Other Changes | CN¥450.75 Million | +18.54% |
| Total Change | CN¥- | 21.75% |
Book Value vs Market Value Analysis
This analysis compares Hefei Changqing Machinery 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: 1.14x
- 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 5.36x to 1.14x 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¥2.18 | CN¥11.67 | x |
| 2013-12-31 | CN¥2.98 | CN¥11.67 | x |
| 2014-12-31 | CN¥3.42 | CN¥11.67 | x |
| 2015-12-31 | CN¥3.87 | CN¥11.67 | x |
| 2016-12-31 | CN¥4.88 | CN¥11.67 | x |
| 2017-12-31 | CN¥8.73 | CN¥11.67 | x |
| 2018-12-31 | CN¥8.24 | CN¥11.67 | x |
| 2019-12-31 | CN¥8.32 | CN¥11.67 | x |
| 2020-12-31 | CN¥8.65 | CN¥11.67 | x |
| 2021-12-31 | CN¥8.83 | CN¥11.67 | x |
| 2022-12-31 | CN¥9.24 | CN¥11.67 | x |
| 2023-12-31 | CN¥8.39 | CN¥11.67 | x |
| 2024-12-31 | CN¥10.22 | CN¥11.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hefei Changqing Machinery 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.00%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.41x
- Recent ROE (2.80%) is below the historical average (10.80%), 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 | 27.82% | 7.88% | 1.32x | 2.68x | CN¥59.10 Million |
| 2013 | 26.97% | 9.27% | 1.11x | 2.62x | CN¥77.08 Million |
| 2014 | 16.97% | 6.37% | 1.21x | 2.20x | CN¥36.27 Million |
| 2015 | 12.91% | 6.79% | 0.94x | 2.01x | CN¥17.42 Million |
| 2016 | 19.89% | 9.94% | 0.97x | 2.06x | CN¥73.77 Million |
| 2017 | 7.68% | 6.64% | 0.77x | 1.51x | CN¥-38.49 Million |
| 2018 | 4.61% | 4.18% | 0.64x | 1.72x | CN¥-91.40 Million |
| 2019 | 1.44% | 1.34% | 0.50x | 2.17x | CN¥-145.16 Million |
| 2020 | 4.26% | 3.27% | 0.63x | 2.05x | CN¥-101.27 Million |
| 2021 | 3.30% | 1.97% | 0.78x | 2.14x | CN¥-120.68 Million |
| 2022 | 5.12% | 3.05% | 0.75x | 2.23x | CN¥-92.07 Million |
| 2023 | 6.59% | 4.05% | 0.66x | 2.46x | CN¥-68.11 Million |
| 2024 | 2.80% | 2.00% | 0.58x | 2.41x | CN¥-175.01 Million |
Industry Comparison
This section compares Hefei Changqing Machinery Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hefei Changqing Machinery Co Ltd (603768) | CN¥2.35 Billion | 27.82% | 1.66x | $148.11 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |