GSP Automotive Group Wenzhou Co Ltd
GSP Automotive Group Wenzhou Co.,Ltd. researches, develops, and sells automobile chassis systems in China, Europe, North America, South America, Asia, Oceania, and Africa. The company offers driveline, including front, rear half shaft, propshafts and rear axle shafts; wheel bearings; rubber to metal parts, such as engine, transmission mounting, strut mounting kits, bushing, protection kits, flexi… Read more
GSP Automotive Group Wenzhou Co Ltd (605088) - Net Assets
Latest net assets as of June 2025: CN¥2.79 Billion CNY
Based on the latest financial reports, GSP Automotive Group Wenzhou Co Ltd (605088) has net assets worth CN¥2.79 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.42 Billion) and total liabilities (CN¥3.63 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¥2.79 Billion |
| % of Total Assets | 43.51% |
| Annual Growth Rate | 20.47% |
| 5-Year Change | 87.27% |
| 10-Year Change | 509.28% |
| Growth Volatility | 18.97 |
GSP Automotive Group Wenzhou Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how GSP Automotive Group Wenzhou 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 GSP Automotive Group Wenzhou Co Ltd (2013–2024)
The table below shows the annual net assets of GSP Automotive Group Wenzhou Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.57 Billion | +30.30% |
| 2023-12-31 | CN¥1.97 Billion | +15.93% |
| 2022-12-31 | CN¥1.70 Billion | +15.07% |
| 2021-12-31 | CN¥1.48 Billion | +7.74% |
| 2020-12-31 | CN¥1.37 Billion | +79.25% |
| 2019-12-31 | CN¥765.89 Million | +18.68% |
| 2018-12-31 | CN¥645.34 Million | +17.17% |
| 2017-12-31 | CN¥550.77 Million | +14.79% |
| 2016-12-31 | CN¥479.81 Million | +13.70% |
| 2015-12-31 | CN¥421.98 Million | +12.07% |
| 2014-12-31 | CN¥376.54 Million | +13.58% |
| 2013-12-31 | CN¥331.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GSP Automotive Group Wenzhou 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 758.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.17 Billion | 48.33% |
| Other Components | CN¥1.25 Billion | 51.67% |
| Total Equity | CN¥2.42 Billion | 100.00% |
GSP Automotive Group Wenzhou Co Ltd Competitors by Market Cap
The table below lists competitors of GSP Automotive Group Wenzhou Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vatti Corp Ltd
SHE:002035
|
$478.47 Million |
|
Ennis Inc
NYSE:EBF
|
$478.58 Million |
|
Compagnie Plastic Omnium SA
PINK:PASTF
|
$478.67 Million |
|
THE DUCKHORN P. DL -001
F:8B3
|
$479.11 Million |
|
Supreme Petrochem Limited
NSE:SPLPETRO
|
$478.27 Million |
|
Shanxi Huaxiang Group Co Ltd
SHG:603112
|
$478.20 Million |
|
MiMedx Group Inc
NASDAQ:MDXG
|
$478.13 Million |
|
BayWa Aktiengesellschaft
F:BYW
|
$478.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GSP Automotive Group Wenzhou Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,969,663,532 to 2,423,487,750, a change of 453,824,218 (23.0%).
- Net income of 297,958,394 contributed positively to equity growth.
- Dividend payments of 124,043,771 reduced retained earnings.
- Other factors increased equity by 279,909,594.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥297.96 Million | +12.29% |
| Dividends Paid | CN¥124.04 Million | -5.12% |
| Other Changes | CN¥279.91 Million | +11.55% |
| Total Change | CN¥- | 23.04% |
Book Value vs Market Value Analysis
This analysis compares GSP Automotive Group Wenzhou 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: 2.56x
- 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 12.71x to 2.56x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.68 | CN¥34.05 | x |
| 2014-12-31 | CN¥2.99 | CN¥34.05 | x |
| 2015-12-31 | CN¥3.26 | CN¥34.05 | x |
| 2016-12-31 | CN¥3.94 | CN¥34.05 | x |
| 2017-12-31 | CN¥4.57 | CN¥34.05 | x |
| 2018-12-31 | CN¥5.36 | CN¥34.05 | x |
| 2019-12-31 | CN¥6.41 | CN¥34.05 | x |
| 2020-12-31 | CN¥10.27 | CN¥34.05 | x |
| 2021-12-31 | CN¥9.21 | CN¥34.05 | x |
| 2022-12-31 | CN¥10.27 | CN¥34.05 | x |
| 2023-12-31 | CN¥11.88 | CN¥34.05 | x |
| 2024-12-31 | CN¥13.31 | CN¥34.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GSP Automotive Group Wenzhou 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): 12.29%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.41%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.48x
- Recent ROE (12.29%) is below the historical average (12.42%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 14.40% | 5.58% | 1.09x | 2.37x | CN¥14.15 Million |
| 2014 | 13.03% | 4.94% | 1.10x | 2.41x | CN¥11.01 Million |
| 2015 | 1.84% | 0.76% | 1.06x | 2.26x | CN¥-33.38 Million |
| 2016 | 16.77% | 6.14% | 1.14x | 2.39x | CN¥32.02 Million |
| 2017 | 17.29% | 5.98% | 1.37x | 2.11x | CN¥40.12 Million |
| 2018 | 14.75% | 5.43% | 1.29x | 2.10x | CN¥30.64 Million |
| 2019 | 15.59% | 6.14% | 1.31x | 1.95x | CN¥42.81 Million |
| 2020 | 6.72% | 5.01% | 0.81x | 1.65x | CN¥-45.05 Million |
| 2021 | 7.93% | 4.71% | 0.95x | 1.77x | CN¥-30.67 Million |
| 2022 | 13.98% | 8.09% | 0.94x | 1.84x | CN¥67.67 Million |
| 2023 | 14.43% | 8.94% | 0.73x | 2.23x | CN¥87.25 Million |
| 2024 | 12.29% | 7.41% | 0.67x | 2.48x | CN¥55.61 Million |
Industry Comparison
This section compares GSP Automotive Group Wenzhou 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 |
|---|---|---|---|---|
| GSP Automotive Group Wenzhou Co Ltd (605088) | CN¥2.79 Billion | 14.40% | 1.30x | $478.39 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 |