Xiangyang Changyuan Donggu Industry Co Ltd (603950) - Net Assets
Based on the latest financial reports, Xiangyang Changyuan Donggu Industry Co Ltd (603950) has net assets worth CN¥3.03 Billion CNY (≈ $443.59 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.80 Billion ≈ $848.75 Million USD) and total liabilities (CN¥2.77 Billion ≈ $405.16 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 asset resilience ratio of Xiangyang Changyuan Donggu Industry Co L to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.03 Billion |
| % of Total Assets | 52.26% |
| Annual Growth Rate | 18.04% |
| 5-Year Change | 33.69% |
| 10-Year Change | 346.2% |
| Growth Volatility | 22.51 |
Xiangyang Changyuan Donggu Industry Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Xiangyang Changyuan Donggu Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xiangyang Changyuan Donggu Industry Co L asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Xiangyang Changyuan Donggu Industry Co Ltd (2015–2025)
The table below shows the annual net assets of Xiangyang Changyuan Donggu Industry Co Ltd from 2015 to 2025. For live valuation and market cap data, see Xiangyang Changyuan Donggu Industry Co L (603950) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.03 Billion ≈ $443.59 Million |
+11.86% |
| 2024-12-31 | CN¥2.71 Billion ≈ $396.55 Million |
+8.41% |
| 2023-12-31 | CN¥2.50 Billion ≈ $365.78 Million |
+9.62% |
| 2022-12-31 | CN¥2.28 Billion ≈ $333.67 Million |
+0.56% |
| 2021-12-31 | CN¥2.27 Billion ≈ $331.81 Million |
+11.14% |
| 2020-12-31 | CN¥2.04 Billion ≈ $298.55 Million |
+83.18% |
| 2019-12-31 | CN¥1.11 Billion ≈ $162.99 Million |
+32.38% |
| 2018-12-31 | CN¥841.35 Million ≈ $123.12 Million |
+10.72% |
| 2017-12-31 | CN¥759.87 Million ≈ $111.19 Million |
+11.85% |
| 2016-12-31 | CN¥679.39 Million ≈ $99.42 Million |
+17.73% |
| 2015-12-31 | CN¥577.08 Million ≈ $84.45 Million |
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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 1282.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.56 Billion | 51.69% |
| Other Components | CN¥1.46 Billion | 48.31% |
| Total Equity | CN¥3.01 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 |
|---|---|
|
Xiangtan Electric Manufacturing Co Ltd
SHG:600416
|
$2.75 Billion |
|
IHS Holding Ltd
NYSE:IHS
|
$2.75 Billion |
|
Vidrala SA
MC:VID
|
$2.75 Billion |
|
SK Securities Co Ltd Preference Shares
KO:001515
|
$2.75 Billion |
|
Boise Cascad Llc
NYSE:BCC
|
$2.75 Billion |
|
Wihlborgs Fastigheter AB
ST:WIHL
|
$2.75 Billion |
|
Lennar Corporation
NYSE:LEN-B
|
$2.75 Billion |
|
Ballarpur Industries Limited
NSE:BALLARPUR
|
$2.75 Billion |
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 2024 to 2025, total equity changed from 2,683,675,378 to 3,012,238,857, a change of 328,563,479 (12.2%).
- Net income of 388,987,233 contributed positively to equity growth.
- Dividend payments of 95,416,990 reduced retained earnings.
- Other comprehensive income decreased equity by 148,311,195.
- Other factors increased equity by 183,304,430.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥388.99 Million | +12.91% |
| Dividends Paid | CN¥95.42 Million | -3.17% |
| Other Comprehensive Income | CN¥-148.31 Million | -4.92% |
| Other Changes | CN¥183.30 Million | +6.09% |
| Total Change | CN¥- | 12.24% |
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: 6.24x
- 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 25.04x to 6.24x 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¥58.00 | x |
| 2016-12-31 | CN¥2.74 | CN¥58.00 | x |
| 2017-12-31 | CN¥3.03 | CN¥58.00 | x |
| 2018-12-31 | CN¥3.40 | CN¥58.00 | x |
| 2019-12-31 | CN¥4.49 | CN¥58.00 | x |
| 2020-12-31 | CN¥6.94 | CN¥58.00 | x |
| 2021-12-31 | CN¥6.97 | CN¥58.00 | x |
| 2022-12-31 | CN¥6.98 | CN¥58.00 | x |
| 2023-12-31 | CN¥7.57 | CN¥58.00 | x |
| 2024-12-31 | CN¥8.62 | CN¥58.00 | x |
| 2025-12-31 | CN¥9.29 | CN¥58.00 | 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): 12.91%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.25%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.93x
- Recent ROE (12.91%) is below the historical average (15.05%), 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 |
| 2025 | 12.91% | 17.25% | 0.39x | 1.93x | CN¥87.76 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: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xiangyang Changyuan Donggu Industry Co Ltd (603950) | CN¥3.03 Billion | 15.11% | 0.91x | $2.75 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About 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