West Shanghai Automotive Service Co.Ltd.
West Shanghai Automotive Service Co.,Ltd., together with its subsidiaries, engages in the provision of auto parts manufacturing and automotive logistics services in China. The company manufactures cladding parts, such as center consoles, instrument panels, door armrests, and seats with fabrics; coating parts, including spray on the exterior of grilles, door trims, instrument panels, etc.; and aut… Read more
West Shanghai Automotive Service Co.Ltd. (605151) - Net Assets
Latest net assets as of September 2025: CN¥1.50 Billion CNY
Based on the latest financial reports, West Shanghai Automotive Service Co.Ltd. (605151) has net assets worth CN¥1.50 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¥2.88 Billion) and total liabilities (CN¥1.39 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¥1.50 Billion |
| % of Total Assets | 51.9% |
| Annual Growth Rate | 15.74% |
| 5-Year Change | 25.38% |
| 10-Year Change | 308.29% |
| Growth Volatility | 26.67 |
West Shanghai Automotive Service Co.Ltd. - Net Assets Trend (2013–2024)
This chart illustrates how West Shanghai Automotive Service 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 West Shanghai Automotive Service Co.Ltd. (2013–2024)
The table below shows the annual net assets of West Shanghai Automotive Service Co.Ltd. from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.50 Billion | +2.18% |
| 2023-12-31 | CN¥1.46 Billion | +6.55% |
| 2022-12-31 | CN¥1.37 Billion | +7.31% |
| 2021-12-31 | CN¥1.28 Billion | +7.32% |
| 2020-12-31 | CN¥1.19 Billion | +98.04% |
| 2019-12-31 | CN¥602.78 Million | +19.41% |
| 2018-12-31 | CN¥504.78 Million | +16.13% |
| 2017-12-31 | CN¥434.67 Million | +27.08% |
| 2016-12-31 | CN¥342.03 Million | -6.69% |
| 2015-12-31 | CN¥366.56 Million | +9.86% |
| 2014-12-31 | CN¥333.67 Million | +11.30% |
| 2013-12-31 | CN¥299.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to West Shanghai Automotive Service 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 611.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥728.69 Million | 53.68% |
| Common Stock | CN¥135.28 Million | 9.97% |
| Other Components | CN¥493.55 Million | 36.36% |
| Total Equity | CN¥1.36 Billion | 100.00% |
West Shanghai Automotive Service Co.Ltd. Competitors by Market Cap
The table below lists competitors of West Shanghai Automotive Service Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mold-Tek Packaging Limited
NSE:MOLDTKPAC
|
$120.04 Million |
|
Guararapes Confecções S.A
SA:GUAR3
|
$120.04 Million |
|
Seven Hills Realty Trust
NASDAQ:SEVN
|
$120.04 Million |
|
Anhui Yuanchen Environmental Protection Science & Technology Co. Ltd.
SHG:688659
|
$120.04 Million |
|
Krsnaa Diagnostics Limited
NSE:KRSNAA
|
$119.95 Million |
|
PHOTOCURE ASA NK-50
F:PHS
|
$119.94 Million |
|
Inozyme Pharma Inc
NASDAQ:INZY
|
$119.94 Million |
|
LaFayette Acquisition Corp. Ordinary Share
NASDAQ:LAFA
|
$119.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in West Shanghai Automotive Service Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,383,992,591 to 1,357,515,492, a change of -26,477,099 (-1.9%).
- Net income of 35,007,402 contributed positively to equity growth.
- Dividend payments of 43,396,877 reduced retained earnings.
- Share repurchases of 77,542,110 reduced equity.
- Other factors increased equity by 59,454,486.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥35.01 Million | +2.58% |
| Dividends Paid | CN¥43.40 Million | -3.2% |
| Share Repurchases | CN¥77.54 Million | -5.71% |
| Other Changes | CN¥59.45 Million | +4.38% |
| Total Change | CN¥- | -1.91% |
Book Value vs Market Value Analysis
This analysis compares West Shanghai Automotive Service 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: 1.96x
- 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 8.13x to 1.96x 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¥2.43 | CN¥19.79 | x |
| 2014-12-31 | CN¥2.65 | CN¥19.79 | x |
| 2015-12-31 | CN¥2.95 | CN¥19.79 | x |
| 2016-12-31 | CN¥2.88 | CN¥19.79 | x |
| 2017-12-31 | CN¥3.77 | CN¥19.79 | x |
| 2018-12-31 | CN¥4.52 | CN¥19.79 | x |
| 2019-12-31 | CN¥5.51 | CN¥19.79 | x |
| 2020-12-31 | CN¥8.54 | CN¥19.79 | x |
| 2021-12-31 | CN¥9.03 | CN¥19.79 | x |
| 2022-12-31 | CN¥9.66 | CN¥19.79 | x |
| 2023-12-31 | CN¥10.31 | CN¥19.79 | x |
| 2024-12-31 | CN¥10.08 | CN¥19.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently West Shanghai Automotive Service 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): 2.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.16%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.12x
- Recent ROE (2.58%) is below the historical average (16.45%), 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 | 22.19% | 5.45% | 1.21x | 3.36x | CN¥29.46 Million |
| 2014 | 26.03% | 6.42% | 1.11x | 3.65x | CN¥42.42 Million |
| 2015 | 24.75% | 6.26% | 1.20x | 3.30x | CN¥43.39 Million |
| 2016 | 25.38% | 6.03% | 1.09x | 3.87x | CN¥44.16 Million |
| 2017 | 23.07% | 6.73% | 1.15x | 2.98x | CN¥49.05 Million |
| 2018 | 20.36% | 7.22% | 1.16x | 2.42x | CN¥47.03 Million |
| 2019 | 17.31% | 7.81% | 1.10x | 2.02x | CN¥40.32 Million |
| 2020 | 9.44% | 9.19% | 0.70x | 1.47x | CN¥-6.39 Million |
| 2021 | 8.54% | 9.61% | 0.55x | 1.61x | CN¥-17.58 Million |
| 2022 | 8.97% | 9.30% | 0.62x | 1.54x | CN¥-13.22 Million |
| 2023 | 8.73% | 9.47% | 0.61x | 1.52x | CN¥-17.62 Million |
| 2024 | 2.58% | 2.16% | 0.56x | 2.12x | CN¥-100.74 Million |
Industry Comparison
This section compares West Shanghai Automotive Service 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 |
|---|---|---|---|---|
| West Shanghai Automotive Service Co.Ltd. (605151) | CN¥1.50 Billion | 22.19% | 0.93x | $120.01 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 |