Zhejiang Tieliu Clutch Co Ltd
Tieliu Co,.Ltd manufactures and sells automotive transmission systems and high-precision parts in China and internationally. The company provides automotive transmission products, such as clutch kit, hydraulic converter, self-adjusting clutch, concentric slave cylinder, dual-mass flywheel, wind power yaw brake, torsion-limited damper, release bearing, brake pads, AMT heavy truck special kit, comm… Read more
Zhejiang Tieliu Clutch Co Ltd (603926) - Net Assets
Latest net assets as of September 2025: CN¥1.76 Billion CNY
Based on the latest financial reports, Zhejiang Tieliu Clutch Co Ltd (603926) has net assets worth CN¥1.76 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¥3.10 Billion) and total liabilities (CN¥1.34 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¥1.76 Billion |
| % of Total Assets | 56.86% |
| Annual Growth Rate | 15.63% |
| 5-Year Change | 34.19% |
| 10-Year Change | 316.68% |
| Growth Volatility | 35.22 |
Zhejiang Tieliu Clutch Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Tieliu Clutch 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 Zhejiang Tieliu Clutch Co Ltd (2012–2024)
The table below shows the annual net assets of Zhejiang Tieliu Clutch Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.72 Billion | +1.55% |
| 2023-12-31 | CN¥1.70 Billion | +5.09% |
| 2022-12-31 | CN¥1.61 Billion | +4.07% |
| 2021-12-31 | CN¥1.55 Billion | +20.82% |
| 2020-12-31 | CN¥1.28 Billion | +11.52% |
| 2019-12-31 | CN¥1.15 Billion | +2.05% |
| 2018-12-31 | CN¥1.13 Billion | -3.92% |
| 2017-12-31 | CN¥1.17 Billion | +133.04% |
| 2016-12-31 | CN¥503.90 Million | +21.85% |
| 2015-12-31 | CN¥413.53 Million | +19.07% |
| 2014-12-31 | CN¥347.30 Million | +5.48% |
| 2013-12-31 | CN¥329.25 Million | +9.11% |
| 2012-12-31 | CN¥301.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Tieliu Clutch 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 420.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥755.89 Million | 44.90% |
| Common Stock | CN¥235.10 Million | 13.96% |
| Other Comprehensive Income | CN¥-11.29 Million | -0.67% |
| Other Components | CN¥703.97 Million | 41.81% |
| Total Equity | CN¥1.68 Billion | 100.00% |
Zhejiang Tieliu Clutch Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Tieliu Clutch Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cia de Ferro Ligas da Bahia - FERBASA
SA:FESA3
|
$308.12 Million |
|
Xinjiang Ba Yi Iron & Steel Co Ltd
SHG:600581
|
$308.15 Million |
|
Turaco Gold Ltd
AU:TCG
|
$308.29 Million |
|
Morguard Corporation
TO:MRC
|
$308.40 Million |
|
Wuhan Kotei Informatics Co.Ltd.
SHE:301221
|
$308.02 Million |
|
Cashway Technology Co Ltd
SHG:603106
|
$307.91 Million |
|
Prism Johnson Limited
NSE:PRSMJOHNSN
|
$307.90 Million |
|
Zinzino AB (publ)
PINK:ZNZNF
|
$307.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Tieliu Clutch Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,667,389,747 to 1,683,673,964, a change of 16,284,217 (1.0%).
- Net income of 103,108,152 contributed positively to equity growth.
- Dividend payments of 97,862,267 reduced retained earnings.
- Other comprehensive income decreased equity by 5,172,304.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥103.11 Million | +6.12% |
| Dividends Paid | CN¥97.86 Million | -5.81% |
| Other Comprehensive Income | CN¥-5.17 Million | -0.31% |
| Other Changes | CN¥16.21 Million | +0.96% |
| Total Change | CN¥- | 0.98% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Tieliu Clutch 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: 2.71x
- 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 10.04x to 2.71x 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¥1.99 | CN¥19.94 | x |
| 2013-12-31 | CN¥2.16 | CN¥19.94 | x |
| 2014-12-31 | CN¥2.28 | CN¥19.94 | x |
| 2015-12-31 | CN¥2.73 | CN¥19.94 | x |
| 2016-12-31 | CN¥3.27 | CN¥19.94 | x |
| 2017-12-31 | CN¥6.46 | CN¥19.94 | x |
| 2018-12-31 | CN¥5.50 | CN¥19.94 | x |
| 2019-12-31 | CN¥5.54 | CN¥19.94 | x |
| 2020-12-31 | CN¥6.16 | CN¥19.94 | x |
| 2021-12-31 | CN¥7.12 | CN¥19.94 | x |
| 2022-12-31 | CN¥6.91 | CN¥19.94 | x |
| 2023-12-31 | CN¥7.29 | CN¥19.94 | x |
| 2024-12-31 | CN¥7.35 | CN¥19.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Tieliu Clutch 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): 6.12%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.81x
- Recent ROE (6.12%) is below the historical average (15.96%), 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 | 25.92% | 10.32% | 1.51x | 1.66x | CN¥48.03 Million |
| 2013 | 35.58% | 14.19% | 1.48x | 1.69x | CN¥84.24 Million |
| 2014 | 31.67% | 14.94% | 1.38x | 1.53x | CN¥75.27 Million |
| 2015 | 22.75% | 13.86% | 1.11x | 1.48x | CN¥52.72 Million |
| 2016 | 22.43% | 15.45% | 0.95x | 1.52x | CN¥62.00 Million |
| 2017 | 9.34% | 12.82% | 0.59x | 1.23x | CN¥-7.66 Million |
| 2018 | 7.44% | 8.63% | 0.59x | 1.47x | CN¥-28.64 Million |
| 2019 | 10.68% | 8.29% | 0.71x | 1.82x | CN¥7.76 Million |
| 2020 | 12.75% | 10.70% | 0.68x | 1.74x | CN¥34.77 Million |
| 2021 | 11.56% | 9.40% | 0.69x | 1.77x | CN¥23.76 Million |
| 2022 | 5.28% | 3.99% | 0.81x | 1.64x | CN¥-74.80 Million |
| 2023 | 5.89% | 4.47% | 0.78x | 1.69x | CN¥-68.45 Million |
| 2024 | 6.12% | 4.30% | 0.79x | 1.81x | CN¥-65.26 Million |
Industry Comparison
This section compares Zhejiang Tieliu Clutch Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,350,100,516
- Average return on equity (ROE) among peers: 1.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Tieliu Clutch Co Ltd (603926) | CN¥1.76 Billion | 25.92% | 0.76x | $308.09 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.47 Billion | 0.00% | 0.00x | $357.04 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.12 Billion | 6.41% | 1.35x | $2.55 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.53 Billion | 7.20% | 0.77x | $1.94 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $795.51 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -29.03% | 3.14x | $451.93 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $222.30 Million | 0.00% | 0.68x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $541.12 Million | -10.38% | 0.80x | $634.11 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.41 Billion | 12.25% | 0.89x | $946.59 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.79 Billion | 4.84% | 0.58x | $233.01 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $1.97 Billion | 26.21% | 0.98x | $2.06 Billion |