GSP Automotive Group Wenzhou Co Ltd (605088) - Net Assets
Based on the latest financial reports, GSP Automotive Group Wenzhou Co Ltd (605088) has net assets worth CN¥2.79 Billion CNY (≈ $408.79 Million USD) 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 ≈ $939.50 Million USD) and total liabilities (CN¥3.63 Billion ≈ $530.72 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. Also explore how large is GSP Automotive Group Wenzhou Co Ltd's balance sheet for the complete picture of this company's asset base.
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. Check GSP Automotive Group Wenzhou Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
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. For live valuation and market cap data, see GSP Automotive Group Wenzhou Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.57 Billion ≈ $376.23 Million |
+30.30% |
| 2023-12-31 | CN¥1.97 Billion ≈ $288.74 Million |
+15.93% |
| 2022-12-31 | CN¥1.70 Billion ≈ $249.07 Million |
+15.07% |
| 2021-12-31 | CN¥1.48 Billion ≈ $216.45 Million |
+7.74% |
| 2020-12-31 | CN¥1.37 Billion ≈ $200.90 Million |
+79.25% |
| 2019-12-31 | CN¥765.89 Million ≈ $112.07 Million |
+18.68% |
| 2018-12-31 | CN¥645.34 Million ≈ $94.43 Million |
+17.17% |
| 2017-12-31 | CN¥550.77 Million ≈ $80.60 Million |
+14.79% |
| 2016-12-31 | CN¥479.81 Million ≈ $70.21 Million |
+13.70% |
| 2015-12-31 | CN¥421.98 Million ≈ $61.75 Million |
+12.07% |
| 2014-12-31 | CN¥376.54 Million ≈ $55.10 Million |
+13.58% |
| 2013-12-31 | CN¥331.52 Million ≈ $48.51 Million |
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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 |
|---|---|
|
Surya Esa Perkasa Tbk
JK:ESSA
|
$630.90 Million |
|
Hangzhou Heshun Technology Co.LTD.
SHE:301237
|
$630.98 Million |
|
Faeth Therapeutics, Inc.
NASDAQ:FTH
|
$631.06 Million |
|
Ceigall India
NSE:CEIGALL
|
$631.13 Million |
|
Shandong Yanggu Huatai Chemical Co Ltd
SHE:300121
|
$630.67 Million |
|
Quanta Storage
TWO:6188
|
$630.55 Million |
|
Südwestdeutsche Salzwerke AG
F:SSH
|
$630.45 Million |
|
Trilogy Metals Inc
TO:TMQ
|
$630.33 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: 1.60x
- 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 7.94x to 1.60x 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¥21.26 | x |
| 2014-12-31 | CN¥2.99 | CN¥21.26 | x |
| 2015-12-31 | CN¥3.26 | CN¥21.26 | x |
| 2016-12-31 | CN¥3.94 | CN¥21.26 | x |
| 2017-12-31 | CN¥4.57 | CN¥21.26 | x |
| 2018-12-31 | CN¥5.36 | CN¥21.26 | x |
| 2019-12-31 | CN¥6.41 | CN¥21.26 | x |
| 2020-12-31 | CN¥10.27 | CN¥21.26 | x |
| 2021-12-31 | CN¥9.21 | CN¥21.26 | x |
| 2022-12-31 | CN¥10.27 | CN¥21.26 | x |
| 2023-12-31 | CN¥11.88 | CN¥21.26 | x |
| 2024-12-31 | CN¥13.31 | CN¥21.26 | 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: $2,080,049,954
- Average return on equity (ROE) among peers: 9.14%
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 | $630.68 Million |
| FAWER Automotive Parts Ltd Co (000030) | $5.30 Billion | 9.49% | 0.52x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $5.72 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.95 Billion | 10.46% | 0.29x | $2.04 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.61 Billion | 7.75% | 2.40x | $973.66 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.73 Billion | -20.59% | 4.27x | $1.66 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $-125.97 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $443.53 Million | 6.07% | 1.06x | $601.27 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $921.70 Million | 3.60% | 3.23x | $1.56 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $307.91 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $86.66 Million | 35.43% | 2.22x | $3.63 Billion |
About 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