Zhuzhou CRRC Times Electric Co Ltd (688187) - Net Assets
Based on the latest financial reports, Zhuzhou CRRC Times Electric Co Ltd (688187) has net assets worth CN¥44.00 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¥69.18 Billion) and total liabilities (CN¥25.17 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¥44.00 Billion |
| % of Total Assets | 63.61% |
| Annual Growth Rate | 15.05% |
| 5-Year Change | 84.51% |
| 10-Year Change | N/A |
| Growth Volatility | 11.71 |
Zhuzhou CRRC Times Electric Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Zhuzhou CRRC Times Electric 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 Zhuzhou CRRC Times Electric Co Ltd (2019–2024)
The table below shows the annual net assets of Zhuzhou CRRC Times Electric Co Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥44.76 Billion | +18.68% |
| 2023-12-31 | CN¥37.72 Billion | +6.86% |
| 2022-12-31 | CN¥35.30 Billion | +6.02% |
| 2021-12-31 | CN¥33.29 Billion | +37.23% |
| 2020-12-31 | CN¥24.26 Billion | +9.30% |
| 2019-12-31 | CN¥22.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhuzhou CRRC Times Electric 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 37.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥24.10 Billion | 58.04% |
| Other Components | CN¥17.42 Billion | 41.96% |
| Total Equity | CN¥41.53 Billion | 100.00% |
Zhuzhou CRRC Times Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Zhuzhou CRRC Times Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MEBUKI FINANCIAL GROUP
F:5EE
|
$6.52 Billion |
|
SailPoint, Inc. Common Stock
NASDAQ:SAIL
|
$6.52 Billion |
|
Yunnan Chihong Zinc&Germanium Co Ltd
SHG:600497
|
$6.53 Billion |
|
Capital Securities Corp. Ltd.
SHG:601136
|
$6.53 Billion |
|
South Bow Corporation
NYSE:SOBO
|
$6.51 Billion |
|
Innolux Corp
TW:3481
|
$6.51 Billion |
|
PGE Polska Grupa Energetyczna SA
WAR:PGE
|
$6.51 Billion |
|
Shenzhen Fastprint Circuit Tech Co Ltd
SHE:002436
|
$6.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhuzhou CRRC Times Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,865,956,579 to 41,527,759,522, a change of 4,661,802,943 (12.6%).
- Net income of 3,702,585,914 contributed positively to equity growth.
- Dividend payments of 1,127,270,869 reduced retained earnings.
- Share repurchases of 354,679,056 reduced equity.
- Other factors increased equity by 2,441,166,954.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.70 Billion | +8.92% |
| Dividends Paid | CN¥1.13 Billion | -2.71% |
| Share Repurchases | CN¥354.68 Million | -0.85% |
| Other Changes | CN¥2.44 Billion | +5.88% |
| Total Change | CN¥- | 12.65% |
Book Value vs Market Value Analysis
This analysis compares Zhuzhou CRRC Times Electric 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: 1.73x
- 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 2.75x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥18.64 | CN¥51.28 | x |
| 2020-12-31 | CN¥20.29 | CN¥51.28 | x |
| 2021-12-31 | CN¥23.03 | CN¥51.28 | x |
| 2022-12-31 | CN¥24.38 | CN¥51.28 | x |
| 2023-12-31 | CN¥26.03 | CN¥51.28 | x |
| 2024-12-31 | CN¥29.62 | CN¥51.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhuzhou CRRC Times Electric 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): 8.92%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.96%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.56x
- Recent ROE (8.92%) is above the historical average (8.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 12.14% | 16.31% | 0.49x | 1.51x | CN¥468.14 Million |
| 2020 | 10.38% | 15.44% | 0.47x | 1.42x | CN¥90.21 Million |
| 2021 | 6.19% | 13.34% | 0.34x | 1.35x | CN¥-1.24 Billion |
| 2022 | 7.40% | 14.17% | 0.37x | 1.40x | CN¥-897.25 Million |
| 2023 | 8.25% | 13.95% | 0.41x | 1.45x | CN¥-645.84 Million |
| 2024 | 8.92% | 14.96% | 0.38x | 1.56x | CN¥-450.19 Million |
Industry Comparison
This section compares Zhuzhou CRRC Times Electric Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $3,116,842,174
- Average return on equity (ROE) among peers: 4.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhuzhou CRRC Times Electric Co Ltd (688187) | CN¥44.00 Billion | 12.14% | 0.57x | $6.52 Billion |
| China High-Speed Railway Technology (000008) | $161.88 Million | 4.69% | 0.58x | $1.08 Billion |
| Nanjing Zhongbei Group Co Ltd (000421) | $310.09 Million | 12.07% | 0.88x | $505.17 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $5.38 Billion | 4.20% | 0.07x | $998.74 Million |
| Vontron Technology Co Ltd (000920) | $805.74 Million | -18.60% | 0.90x | $826.45 Million |
| China Railway Materials Co Ltd (000927) | $2.71 Billion | 1.08% | 1.95x | $2.57 Billion |
| China Railway Special Cargo Logistics Co. Ltd. (001213) | $17.98 Billion | 2.17% | 0.09x | $2.62 Billion |
| Changzhou Evergreen Technology Co. Ltd. A (001324) | $409.24 Million | 16.15% | 0.54x | $407.91 Million |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.46 Billion | 1.90% | 0.40x | $653.31 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $602.10 Million | 14.74% | 0.43x | $506.90 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.35 Billion | 5.04% | 0.92x | $637.38 Million |
About Zhuzhou CRRC Times Electric Co Ltd
Zhuzhou CRRC Times Electric Co., Ltd., together with its subsidiaries, engages in the provision of propulsion and control systems in Mainland China and internationally. It provides traction converter systems, power supply systems, informationization and intelligent system products, test equipment, urban rail vehicle door systems, electrical system of passenger car, technological equipment of urba… Read more