China Motor Corp
China Motor Corporation manufactures and sells automobiles, and related parts and components in Taiwan and internationally. The company operates through Vehicle Manufacturing, Channel, and Others segments. It offers commercial and recreational vehicles, electric motorcycle, automated guided vehicle, sedan, RV, LCV, Truck, EV, and electric scooter. The company also engages in overseas investment i… Read more
China Motor Corp (2204) - Net Assets
Latest net assets as of September 2025: NT$40.21 Billion TWD
Based on the latest financial reports, China Motor Corp (2204) has net assets worth NT$40.21 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$53.64 Billion) and total liabilities (NT$13.42 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 | NT$40.21 Billion |
| % of Total Assets | 74.97% |
| Annual Growth Rate | 1.33% |
| 5-Year Change | -10.44% |
| 10-Year Change | -22.26% |
| Growth Volatility | 9.22 |
China Motor Corp - Net Assets Trend (2000–2024)
This chart illustrates how China Motor Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Motor Corp (2000–2024)
The table below shows the annual net assets of China Motor Corp from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$40.93 Billion | +3.64% |
| 2023-12-31 | NT$39.50 Billion | +9.57% |
| 2022-12-31 | NT$36.05 Billion | -22.19% |
| 2021-12-31 | NT$46.33 Billion | +1.35% |
| 2020-12-31 | NT$45.71 Billion | +8.40% |
| 2019-12-31 | NT$42.16 Billion | -24.40% |
| 2018-12-31 | NT$55.77 Billion | +2.42% |
| 2017-12-31 | NT$54.46 Billion | +3.29% |
| 2016-12-31 | NT$52.72 Billion | +0.12% |
| 2015-12-31 | NT$52.66 Billion | +2.45% |
| 2014-12-31 | NT$51.40 Billion | +3.97% |
| 2013-12-31 | NT$49.44 Billion | +7.79% |
| 2012-12-31 | NT$45.87 Billion | +0.06% |
| 2011-12-31 | NT$45.84 Billion | +4.33% |
| 2010-12-31 | NT$43.94 Billion | +4.19% |
| 2009-12-31 | NT$42.17 Billion | +5.31% |
| 2008-12-31 | NT$40.04 Billion | -15.89% |
| 2007-12-31 | NT$47.61 Billion | +4.03% |
| 2006-12-31 | NT$45.76 Billion | +3.10% |
| 2005-12-31 | NT$44.39 Billion | +9.04% |
| 2004-12-31 | NT$40.71 Billion | +2.71% |
| 2003-12-31 | NT$39.64 Billion | +10.55% |
| 2002-12-31 | NT$35.85 Billion | +12.83% |
| 2001-12-31 | NT$31.78 Billion | +6.70% |
| 2000-12-31 | NT$29.78 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Motor Corp'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 42.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$12.69 Billion | 34.20% |
| Common Stock | NT$5.54 Billion | 14.92% |
| Other Comprehensive Income | NT$-115.19 Million | -0.31% |
| Other Components | NT$19.00 Billion | 51.19% |
| Total Equity | NT$37.11 Billion | 100.00% |
China Motor Corp Competitors by Market Cap
The table below lists competitors of China Motor Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fuller Smith & Turner P.L.C
PINK:FTUAF
|
$413.74 Million |
|
Chongqing Genrix Biopharmaceutical Co. Ltd. A
SHG:688443
|
$413.83 Million |
|
Sihui Fuji Electronics Technology Co Ltd
SHE:300852
|
$413.85 Million |
|
Logility Supply Chain Solutions, Inc.
NASDAQ:LGTY
|
$413.85 Million |
|
Alarko Holding AS
IS:ALARK
|
$413.66 Million |
|
Hanjaya Mandala Sampoerna Tbk PT
JK:HMSP
|
$413.55 Million |
|
Thoughtworks Holding Inc
NASDAQ:TWKS
|
$413.51 Million |
|
JHSF Participações S.A.
SA:JHSF3
|
$413.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Motor Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 35,819,359,000 to 37,106,358,000, a change of 1,286,999,000 (3.6%).
- Net income of 4,006,787,000 contributed positively to equity growth.
- Dividend payments of 3,321,722,000 reduced retained earnings.
- Other comprehensive income increased equity by 495,403,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$4.01 Billion | +10.8% |
| Dividends Paid | NT$3.32 Billion | -8.95% |
| Other Comprehensive Income | NT$495.40 Million | +1.34% |
| Other Changes | NT$106.53 Million | +0.29% |
| Total Change | NT$- | 3.59% |
Book Value vs Market Value Analysis
This analysis compares China Motor Corp'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: 0.83x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | NT$76.05 | NT$56.70 | x |
| 2007-12-31 | NT$80.83 | NT$56.70 | x |
| 2008-12-31 | NT$68.88 | NT$56.70 | x |
| 2009-12-31 | NT$71.91 | NT$56.70 | x |
| 2010-12-31 | NT$75.26 | NT$56.70 | x |
| 2011-12-31 | NT$78.28 | NT$56.70 | x |
| 2012-12-31 | NT$79.41 | NT$56.70 | x |
| 2013-12-31 | NT$85.63 | NT$56.70 | x |
| 2014-12-31 | NT$88.76 | NT$56.70 | x |
| 2015-12-31 | NT$90.71 | NT$56.70 | x |
| 2016-12-31 | NT$90.56 | NT$56.70 | x |
| 2017-12-31 | NT$93.33 | NT$56.70 | x |
| 2018-12-31 | NT$94.88 | NT$56.70 | x |
| 2019-12-31 | NT$69.98 | NT$56.70 | x |
| 2020-12-31 | NT$77.15 | NT$56.70 | x |
| 2021-12-31 | NT$78.12 | NT$56.70 | x |
| 2022-12-31 | NT$59.28 | NT$56.70 | x |
| 2023-12-31 | NT$65.60 | NT$56.70 | x |
| 2024-12-31 | NT$67.92 | NT$56.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Motor Corp 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): 10.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.21%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.45x
- Recent ROE (10.80%) is above the historical average (6.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.14% | 5.53% | 1.28x | 1.71x | NT$604.24 Million |
| 2001 | 10.45% | 5.43% | 1.00x | 1.93x | NT$133.69 Million |
| 2002 | 16.24% | 10.63% | 1.04x | 1.47x | NT$2.24 Billion |
| 2003 | 18.92% | 9.43% | 1.19x | 1.68x | NT$3.54 Billion |
| 2004 | 13.26% | 7.57% | 0.99x | 1.78x | NT$1.33 Billion |
| 2005 | 10.65% | 8.71% | 0.87x | 1.41x | NT$278.52 Million |
| 2006 | 7.26% | 8.22% | 0.64x | 1.38x | NT$-1.21 Billion |
| 2007 | 4.09% | 5.65% | 0.53x | 1.37x | NT$-2.70 Billion |
| 2008 | -14.33% | -18.94% | 0.54x | 1.40x | NT$-9.28 Billion |
| 2009 | 2.16% | 2.29% | 0.64x | 1.46x | NT$-3.12 Billion |
| 2010 | 6.93% | 6.99% | 0.71x | 1.39x | NT$-1.28 Billion |
| 2011 | 7.03% | 6.80% | 0.76x | 1.35x | NT$-1.29 Billion |
| 2012 | 4.98% | 5.16% | 0.74x | 1.30x | NT$-2.18 Billion |
| 2013 | 5.42% | 7.12% | 0.59x | 1.29x | NT$-2.14 Billion |
| 2014 | 5.28% | 7.12% | 0.58x | 1.27x | NT$-2.29 Billion |
| 2015 | 6.39% | 8.58% | 0.59x | 1.27x | NT$-1.79 Billion |
| 2016 | 6.45% | 7.83% | 0.66x | 1.26x | NT$-1.75 Billion |
| 2017 | 8.06% | 10.55% | 0.61x | 1.25x | NT$-989.36 Million |
| 2018 | 6.89% | 10.30% | 0.54x | 1.24x | NT$-1.62 Billion |
| 2019 | -5.96% | -7.20% | 0.62x | 1.33x | NT$-6.18 Billion |
| 2020 | 7.78% | 10.61% | 0.57x | 1.30x | NT$-935.02 Million |
| 2021 | 9.80% | 13.44% | 0.57x | 1.28x | NT$-85.38 Million |
| 2022 | -23.52% | -25.73% | 0.61x | 1.50x | NT$-10.84 Billion |
| 2023 | 15.78% | 14.68% | 0.76x | 1.41x | NT$2.07 Billion |
| 2024 | 10.80% | 10.21% | 0.73x | 1.45x | NT$296.15 Million |
Industry Comparison
This section compares China Motor Corp's net assets metrics with peer companies in the Auto Manufacturers industry.
Industry Context
- Industry: Auto Manufacturers
- Average net assets among peers: $13,497,438,750
- Average return on equity (ROE) among peers: -2.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Motor Corp (2204) | NT$40.21 Billion | 12.14% | 0.33x | $413.67 Million |
| Sanyang Motor Co Ltd (2206) | $16.31 Billion | 0.20% | 1.30x | $840.87 Million |
| Yulon Nissan Motor Co Ltd (2227) | $19.56 Billion | 19.59% | 0.26x | $44.73 Million |
| RAC Electric Vehicles Inc. (2237) | $1.07 Billion | -18.71% | 1.40x | $28.81 Million |
| 2258 (2258) | $17.05 Billion | -12.54% | 0.21x | $9.44K |