Xiangyang Changyuan Donggu Industry Co Ltd
Xiangyang Changyuandonggu Industry Co., Ltd. engages in the research and development, manufacture, and sale of diesel engine components in China. The company offers cylinder blocks and heads; connecting rods; and other parts, including flywheel housings, gear chambers, exhaust pipe series products, and main bearing caps, as well as gearbox housings for front, middle, and rear side. It serves engi… Read more
Xiangyang Changyuan Donggu Industry Co Ltd (603950) - Net Assets
Latest net assets as of September 2025: CN¥2.92 Billion CNY
Based on the latest financial reports, Xiangyang Changyuan Donggu Industry Co Ltd (603950) has net assets worth CN¥2.92 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¥5.78 Billion) and total liabilities (CN¥2.86 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¥2.92 Billion |
| % of Total Assets | 50.57% |
| Annual Growth Rate | 18.75% |
| 5-Year Change | 32.83% |
| 10-Year Change | N/A |
| Growth Volatility | 23.56 |
Xiangyang Changyuan Donggu Industry Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Xiangyang Changyuan Donggu Industry 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 Xiangyang Changyuan Donggu Industry Co Ltd (2015–2024)
The table below shows the annual net assets of Xiangyang Changyuan Donggu Industry Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.71 Billion | +8.41% |
| 2023-12-31 | CN¥2.50 Billion | +9.62% |
| 2022-12-31 | CN¥2.28 Billion | +0.56% |
| 2021-12-31 | CN¥2.27 Billion | +11.14% |
| 2020-12-31 | CN¥2.04 Billion | +83.18% |
| 2019-12-31 | CN¥1.11 Billion | +32.38% |
| 2018-12-31 | CN¥841.35 Million | +10.72% |
| 2017-12-31 | CN¥759.87 Million | +11.85% |
| 2016-12-31 | CN¥679.39 Million | +17.73% |
| 2015-12-31 | CN¥577.08 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xiangyang Changyuan Donggu Industry 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 1012.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.25 Billion | 46.69% |
| Common Stock | CN¥324.13 Million | 12.08% |
| Other Comprehensive Income | CN¥148.31 Million | 5.53% |
| Other Components | CN¥958.31 Million | 35.71% |
| Total Equity | CN¥2.68 Billion | 100.00% |
Xiangyang Changyuan Donggu Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Xiangyang Changyuan Donggu Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Join-Cheer Software Co Ltd
SHE:002279
|
$715.72 Million |
|
Corporación Moctezuma S.A.B. de C.V
MX:CMOCTEZ
|
$715.73 Million |
|
GrainCorp Limited
PINK:GRCLF
|
$716.36 Million |
|
Yixin Group Limited
F:1YX
|
$716.43 Million |
|
Zhejiang Zhaolong Interconnect Technology Co. Limited
SHE:300913
|
$714.98 Million |
|
GQG PARTNERS CDI/1/1
F:6P1
|
$714.87 Million |
|
BioGaia AB (publ)
ST:BIOG-B
|
$714.80 Million |
|
BYTES TECH.GRP LS -01
F:9NY
|
$714.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xiangyang Changyuan Donggu Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,471,350,642 to 2,683,675,378, a change of 212,324,736 (8.6%).
- Net income of 230,367,234 contributed positively to equity growth.
- Dividend payments of 28,156,210 reduced retained earnings.
- Other comprehensive income increased equity by 12,640,164.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥230.37 Million | +8.58% |
| Dividends Paid | CN¥28.16 Million | -1.05% |
| Other Comprehensive Income | CN¥12.64 Million | +0.47% |
| Other Changes | CN¥-2.53 Million | -0.09% |
| Total Change | CN¥- | 8.59% |
Book Value vs Market Value Analysis
This analysis compares Xiangyang Changyuan Donggu Industry 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: 5.39x
- 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 19.33x to 5.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.32 | CN¥44.78 | x |
| 2016-12-31 | CN¥2.74 | CN¥44.78 | x |
| 2017-12-31 | CN¥3.04 | CN¥44.78 | x |
| 2018-12-31 | CN¥3.40 | CN¥44.78 | x |
| 2019-12-31 | CN¥4.53 | CN¥44.78 | x |
| 2020-12-31 | CN¥6.20 | CN¥44.78 | x |
| 2021-12-31 | CN¥6.95 | CN¥44.78 | x |
| 2022-12-31 | CN¥6.95 | CN¥44.78 | x |
| 2023-12-31 | CN¥7.57 | CN¥44.78 | x |
| 2024-12-31 | CN¥8.31 | CN¥44.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xiangyang Changyuan Donggu Industry 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): 8.58%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.00%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.89x
- Recent ROE (8.58%) is below the historical average (15.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 15.11% | 11.12% | 0.67x | 2.04x | CN¥28.61 Million |
| 2016 | 15.63% | 11.90% | 0.61x | 2.14x | CN¥37.36 Million |
| 2017 | 26.59% | 16.97% | 0.60x | 2.62x | CN¥122.84 Million |
| 2018 | 22.09% | 17.02% | 0.40x | 3.23x | CN¥99.33 Million |
| 2019 | 24.65% | 23.27% | 0.42x | 2.49x | CN¥159.75 Million |
| 2020 | 15.64% | 18.75% | 0.46x | 1.80x | CN¥113.46 Million |
| 2021 | 11.07% | 15.77% | 0.43x | 1.64x | CN¥24.07 Million |
| 2022 | 4.44% | 8.97% | 0.29x | 1.70x | CN¥-125.32 Million |
| 2023 | 8.85% | 14.85% | 0.34x | 1.74x | CN¥-28.50 Million |
| 2024 | 8.58% | 12.00% | 0.38x | 1.89x | CN¥-38.00 Million |
Industry Comparison
This section compares Xiangyang Changyuan Donggu Industry 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 |
|---|---|---|---|---|
| Xiangyang Changyuan Donggu Industry Co Ltd (603950) | CN¥2.92 Billion | 15.11% | 0.98x | $715.16 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 |