Jiangsu Xinri E-Vehicle Co Ltd
Jiangsu Xinri E-Vehicle Co., Ltd. researches, develops, manufactures, and sells electric vehicles in China and internationally. The company offers MIKU, utility, high speed, moped, small size, bicycle, and E-car related products. It exports its products. The company was founded in 1999 and is based in Wuxi, China.
Jiangsu Xinri E-Vehicle Co Ltd (603787) - Net Assets
Latest net assets as of September 2025: CN¥1.60 Billion CNY
Based on the latest financial reports, Jiangsu Xinri E-Vehicle Co Ltd (603787) has net assets worth CN¥1.60 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¥4.02 Billion) and total liabilities (CN¥2.43 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¥1.60 Billion |
| % of Total Assets | 39.65% |
| Annual Growth Rate | 11.46% |
| 5-Year Change | 46.35% |
| 10-Year Change | 204.56% |
| Growth Volatility | 18.19 |
Jiangsu Xinri E-Vehicle Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jiangsu Xinri E-Vehicle 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 Jiangsu Xinri E-Vehicle Co Ltd (2012–2024)
The table below shows the annual net assets of Jiangsu Xinri E-Vehicle Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.53 Billion | -1.26% |
| 2023-12-31 | CN¥1.55 Billion | +33.73% |
| 2022-12-31 | CN¥1.16 Billion | +15.32% |
| 2021-12-31 | CN¥1.00 Billion | -3.89% |
| 2020-12-31 | CN¥1.04 Billion | +8.30% |
| 2019-12-31 | CN¥964.66 Million | +2.23% |
| 2018-12-31 | CN¥943.66 Million | +7.37% |
| 2017-12-31 | CN¥878.88 Million | +64.91% |
| 2016-12-31 | CN¥532.93 Million | +6.16% |
| 2015-12-31 | CN¥502.00 Million | +4.61% |
| 2014-12-31 | CN¥479.85 Million | +5.90% |
| 2013-12-31 | CN¥453.14 Million | +8.96% |
| 2012-12-31 | CN¥415.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Xinri E-Vehicle 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 143.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥586.45 Million | 38.47% |
| Common Stock | CN¥230.14 Million | 15.10% |
| Other Components | CN¥707.84 Million | 46.43% |
| Total Equity | CN¥1.52 Billion | 100.00% |
Jiangsu Xinri E-Vehicle Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Xinri E-Vehicle Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Is Finansal Kiralama AS
IS:ISFIN
|
$150.35 Million |
|
Gencor Industries Inc
NYSE MKT:GENC
|
$150.36 Million |
|
Izmir Firca Sanayi ve Ticaret
IS:IZFAS
|
$150.37 Million |
|
Shenzhen Auto Electric Power Plant Co Ltd
SHE:002227
|
$150.39 Million |
|
SANUWAVE Health, Inc. Common Stock
OTCQB:SNWV
|
$150.30 Million |
|
Nanning Sugar Industry Co Ltd
SHE:000911
|
$150.30 Million |
|
Titomic Ltd
AU:TTT
|
$150.27 Million |
|
SatixFy Communications Ltd
NYSE MKT:SATX
|
$150.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Xinri E-Vehicle Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,546,045,942 to 1,524,437,344, a change of -21,608,598 (-1.4%).
- Net income of 25,624,594 contributed positively to equity growth.
- Dividend payments of 46,890,008 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥25.62 Million | +1.68% |
| Dividends Paid | CN¥46.89 Million | -3.08% |
| Other Changes | CN¥-343.18K | -0.02% |
| Total Change | CN¥- | -1.40% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Xinri E-Vehicle 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: 2.08x
- 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 5.00x to 2.08x 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¥2.72 | CN¥13.60 | x |
| 2013-12-31 | CN¥2.91 | CN¥13.60 | x |
| 2014-12-31 | CN¥3.09 | CN¥13.60 | x |
| 2015-12-31 | CN¥3.23 | CN¥13.60 | x |
| 2016-12-31 | CN¥3.50 | CN¥13.60 | x |
| 2017-12-31 | CN¥4.68 | CN¥13.60 | x |
| 2018-12-31 | CN¥4.58 | CN¥13.60 | x |
| 2019-12-31 | CN¥4.64 | CN¥13.60 | x |
| 2020-12-31 | CN¥5.10 | CN¥13.60 | x |
| 2021-12-31 | CN¥4.91 | CN¥13.60 | x |
| 2022-12-31 | CN¥5.61 | CN¥13.60 | x |
| 2023-12-31 | CN¥7.03 | CN¥13.60 | x |
| 2024-12-31 | CN¥6.54 | CN¥13.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Xinri E-Vehicle 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): 1.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.73%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.09x
- Recent ROE (1.68%) is below the historical average (10.68%), 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 | 30.49% | 4.43% | 2.59x | 2.66x | CN¥85.21 Million |
| 2013 | 16.51% | 2.94% | 2.05x | 2.74x | CN¥28.85 Million |
| 2014 | 9.05% | 1.62% | 1.99x | 2.80x | CN¥-4.47 Million |
| 2015 | 11.14% | 2.30% | 1.91x | 2.53x | CN¥5.66 Million |
| 2016 | 14.30% | 3.71% | 1.47x | 2.62x | CN¥22.91 Million |
| 2017 | 8.33% | 2.72% | 1.41x | 2.18x | CN¥-14.64 Million |
| 2018 | 9.39% | 2.91% | 1.61x | 2.01x | CN¥-5.71 Million |
| 2019 | 7.32% | 2.31% | 1.68x | 1.89x | CN¥-25.82 Million |
| 2020 | 9.82% | 2.01% | 1.57x | 3.11x | CN¥-1.91 Million |
| 2021 | 1.14% | 0.27% | 1.52x | 2.82x | CN¥-88.73 Million |
| 2022 | 14.04% | 3.31% | 1.48x | 2.87x | CN¥46.64 Million |
| 2023 | 5.69% | 2.14% | 1.14x | 2.33x | CN¥-66.62 Million |
| 2024 | 1.68% | 0.73% | 1.10x | 2.09x | CN¥-126.82 Million |
Industry Comparison
This section compares Jiangsu Xinri E-Vehicle Co Ltd's net assets metrics with peer companies in the Recreational Vehicles industry.
Industry Context
- Industry: Recreational Vehicles
- Average net assets among peers: $3,679,625,615
- Average return on equity (ROE) among peers: 11.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Xinri E-Vehicle Co Ltd (603787) | CN¥1.60 Billion | 30.49% | 1.52x | $150.33 Million |
| Zhejiang CFMoto Power Co Ltd (603129) | $3.68 Billion | 11.18% | 1.17x | $2.76 Billion |