Zhejiang Tieliu Clutch Co Ltd (603926) - Net Assets
Based on the latest financial reports, Zhejiang Tieliu Clutch Co Ltd (603926) has net assets worth CN¥1.76 Billion CNY (≈ $258.01 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¥3.10 Billion ≈ $453.76 Million USD) and total liabilities (CN¥1.34 Billion ≈ $195.75 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. Check how strategically is Zhejiang Tieliu Clutch Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
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. For live market cap and overall valuation, see market value of Zhejiang Tieliu Clutch Co Ltd.
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. Also explore Zhejiang Tieliu Clutch Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.72 Billion ≈ $252.14 Million |
+1.55% |
| 2023-12-31 | CN¥1.70 Billion ≈ $248.30 Million |
+5.09% |
| 2022-12-31 | CN¥1.61 Billion ≈ $236.27 Million |
+4.07% |
| 2021-12-31 | CN¥1.55 Billion ≈ $227.02 Million |
+20.82% |
| 2020-12-31 | CN¥1.28 Billion ≈ $187.90 Million |
+11.52% |
| 2019-12-31 | CN¥1.15 Billion ≈ $168.49 Million |
+2.05% |
| 2018-12-31 | CN¥1.13 Billion ≈ $165.11 Million |
-3.92% |
| 2017-12-31 | CN¥1.17 Billion ≈ $171.84 Million |
+133.04% |
| 2016-12-31 | CN¥503.90 Million ≈ $73.74 Million |
+21.85% |
| 2015-12-31 | CN¥413.53 Million ≈ $60.51 Million |
+19.07% |
| 2014-12-31 | CN¥347.30 Million ≈ $50.82 Million |
+5.48% |
| 2013-12-31 | CN¥329.25 Million ≈ $48.18 Million |
+9.11% |
| 2012-12-31 | CN¥301.76 Million ≈ $44.16 Million |
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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 |
|---|---|
|
Suzhou Xingye Material Tech
SHG:603928
|
$600.76 Million |
|
Smith & Wesson Brands Inc
NASDAQ:SWBI
|
$600.85 Million |
|
Nanjing Develop Advanced Manufacturing Co Ltd
SHG:688377
|
$600.86 Million |
|
CorMedix Inc
NASDAQ:CRMD
|
$600.87 Million |
|
Surya Esa Perkasa Tbk
JK:ESSA
|
$600.61 Million |
|
Seche Environnem.
PA:SCHP
|
$600.25 Million |
|
Granite Ridge Resources Inc
NYSE:GRNT
|
$600.15 Million |
|
WhiteHawk Minerals Corp.
NYSE:WHK
|
$599.98 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: 2.38x
- 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 8.81x to 2.38x 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¥17.49 | x |
| 2013-12-31 | CN¥2.16 | CN¥17.49 | x |
| 2014-12-31 | CN¥2.28 | CN¥17.49 | x |
| 2015-12-31 | CN¥2.73 | CN¥17.49 | x |
| 2016-12-31 | CN¥3.27 | CN¥17.49 | x |
| 2017-12-31 | CN¥6.46 | CN¥17.49 | x |
| 2018-12-31 | CN¥5.50 | CN¥17.49 | x |
| 2019-12-31 | CN¥5.54 | CN¥17.49 | x |
| 2020-12-31 | CN¥6.16 | CN¥17.49 | x |
| 2021-12-31 | CN¥7.12 | CN¥17.49 | x |
| 2022-12-31 | CN¥6.91 | CN¥17.49 | x |
| 2023-12-31 | CN¥7.29 | CN¥17.49 | x |
| 2024-12-31 | CN¥7.35 | CN¥17.49 | 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: $1,011,911,257
- Average return on equity (ROE) among peers: 18.08%
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 | $600.72 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.47 Billion | 0.00% | 0.00x | $966.43 Million |
| Wanxiang Qianchao Co Ltd (000559) | $819.25 Million | 10.93% | 0.51x | $5.55 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.34 Billion | 9.69% | 0.79x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $964.56 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.62 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $44.67 Million | 0.00% | 2.33x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $597.90 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.63 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $57.44 Million | 64.21% | 9.32x | $344.55 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.83 Billion |
About 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