Zhejiang Changhua Auto Parts Co Ltd (605018) - Net Assets
Based on the latest financial reports, Zhejiang Changhua Auto Parts Co Ltd (605018) has net assets worth CN¥2.72 Billion CNY (≈ $397.96 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¥3.40 Billion ≈ $497.24 Million USD) and total liabilities (CN¥678.48 Million ≈ $99.28 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 Zhejiang Changhua Auto Parts Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.72 Billion |
| % of Total Assets | 80.03% |
| Annual Growth Rate | 14.84% |
| 5-Year Change | 40.25% |
| 10-Year Change | N/A |
| Growth Volatility | 13.39 |
Zhejiang Changhua Auto Parts Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Zhejiang Changhua Auto Parts Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Changhua Auto Parts Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Changhua Auto Parts Co Ltd (2016–2024)
The table below shows the annual net assets of Zhejiang Changhua Auto Parts Co Ltd from 2016 to 2024. For live valuation and market cap data, see 605018 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.73 Billion ≈ $399.31 Million |
+0.31% |
| 2023-12-31 | CN¥2.72 Billion ≈ $398.08 Million |
+3.49% |
| 2022-12-31 | CN¥2.63 Billion ≈ $384.66 Million |
+30.25% |
| 2021-12-31 | CN¥2.02 Billion ≈ $295.33 Million |
+3.73% |
| 2020-12-31 | CN¥1.95 Billion ≈ $284.71 Million |
+38.97% |
| 2019-12-31 | CN¥1.40 Billion ≈ $204.87 Million |
+14.91% |
| 2018-12-31 | CN¥1.22 Billion ≈ $178.29 Million |
+25.20% |
| 2017-12-31 | CN¥973.21 Million ≈ $142.41 Million |
+7.90% |
| 2016-12-31 | CN¥901.96 Million ≈ $131.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Changhua Auto Parts 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 15.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥758.75 Million | 27.81% |
| Common Stock | CN¥471.23 Million | 17.27% |
| Other Components | CN¥1.50 Billion | 54.93% |
| Total Equity | CN¥2.73 Billion | 100.00% |
Zhejiang Changhua Auto Parts Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Changhua Auto Parts Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eczacibasi Yatirim Holding Ortakligi AS
IS:ECZYT
|
$881.90 Million |
|
Varroc Engineering Limited
NSE:VARROC
|
$882.01 Million |
|
Minerals 260 Ltd
AU:MI6
|
$882.12 Million |
|
Lotus Technology Inc.
NASDAQ:LOT
|
$882.32 Million |
|
Qurient Co. Ltd
KQ:115180
|
$881.75 Million |
|
Aucma Co Ltd
SHG:600336
|
$881.65 Million |
|
Qingdao Eastsoft Communic Tech
SHE:300183
|
$881.38 Million |
|
People & Technology Inc
KQ:137400
|
$880.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Changhua Auto Parts Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,720,427,572 to 2,728,786,728, a change of 8,359,156 (0.3%).
- Net income of 113,676,676 contributed positively to equity growth.
- Dividend payments of 95,718,322 reduced retained earnings.
- Share repurchases of 18,934,713 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥113.68 Million | +4.17% |
| Dividends Paid | CN¥95.72 Million | -3.51% |
| Share Repurchases | CN¥18.93 Million | -0.69% |
| Other Changes | CN¥9.34 Million | +0.34% |
| Total Change | CN¥- | 0.31% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Changhua Auto Parts 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: 2.23x
- 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 6.72x to 2.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.91 | CN¥12.82 | x |
| 2017-12-31 | CN¥2.08 | CN¥12.82 | x |
| 2018-12-31 | CN¥3.33 | CN¥12.82 | x |
| 2019-12-31 | CN¥3.36 | CN¥12.82 | x |
| 2020-12-31 | CN¥4.67 | CN¥12.82 | x |
| 2021-12-31 | CN¥4.84 | CN¥12.82 | x |
| 2022-12-31 | CN¥5.76 | CN¥12.82 | x |
| 2023-12-31 | CN¥5.73 | CN¥12.82 | x |
| 2024-12-31 | CN¥5.76 | CN¥12.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Changhua Auto Parts 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): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.15%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.21x
- Recent ROE (4.17%) is below the historical average (11.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 21.67% | 15.77% | 0.85x | 1.62x | CN¥104.27 Million |
| 2017 | 22.54% | 14.61% | 0.92x | 1.67x | CN¥122.03 Million |
| 2018 | 17.12% | 13.74% | 0.89x | 1.40x | CN¥86.80 Million |
| 2019 | 14.68% | 14.36% | 0.77x | 1.33x | CN¥65.51 Million |
| 2020 | 10.32% | 13.80% | 0.60x | 1.25x | CN¥6.16 Million |
| 2021 | 7.72% | 10.42% | 0.58x | 1.29x | CN¥-45.93 Million |
| 2022 | 4.17% | 5.97% | 0.54x | 1.30x | CN¥-153.35 Million |
| 2023 | 4.01% | 4.51% | 0.67x | 1.33x | CN¥-162.83 Million |
| 2024 | 4.17% | 5.15% | 0.67x | 1.21x | CN¥-159.20 Million |
Industry Comparison
This section compares Zhejiang Changhua Auto Parts Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Changhua Auto Parts Co Ltd (605018) | CN¥2.72 Billion | 21.67% | 0.25x | $881.83 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Zhejiang Changhua Auto Parts Co Ltd
Changhua Holding Group Co., Ltd. engages in the research and development, production, and sale of automotive metal parts in China and internationally. It offers fasteners, such as bolts, nuts, and special-shaped parts. The company also engages in sunroof reinforcement plate assembly, instrument assembly, trunk partition assembly, rear subframe reinforcement, wheel cover, floor center crossbeam, f… Read more