Zhongce Rubber Group Co Ltd
Zhongce Rubber Group Co., Ltd. engages in the research and development, production, and sale of tire products in China. The company offers all-steel tires used in heavy-duty trucks, long-distance passenger vehicles, and engineering machinery vehicle; semi-steel tires mainly used in passenger cars such as sedans, SUVs, and commercial vehicles; bias tires, including agricultural and pneumatic tires… Read more
Zhongce Rubber Group Co Ltd (603049) - Total Assets
Latest total assets as of June 2025: CN¥51.77 Billion CNY
Based on the latest financial reports, Zhongce Rubber Group Co Ltd (603049) holds total assets worth CN¥51.77 Billion CNY as of June 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Zhongce Rubber Group Co Ltd - Total Assets Trend (2021–2024)
This chart illustrates how Zhongce Rubber Group Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Zhongce Rubber Group Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Zhongce Rubber Group Co Ltd's total assets of CN¥51.77 Billion consist of 48.4% current assets and 51.6% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 9.2% |
| Accounts Receivable | CN¥6.04 Billion | 13.5% |
| Inventory | CN¥9.00 Billion | 20.1% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥1.35 Billion | 3.0% |
| Goodwill | CN¥71.52 Million | 0.2% |
Asset Composition Trend (2021–2024)
This chart illustrates how Zhongce Rubber Group Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Zhongce Rubber Group Co Ltd's current assets represent 48.4% of total assets in 2024, a decrease from 50.3% in 2021.
- Cash Position: Cash and equivalents constituted 9.2% of total assets in 2024, up from 6.9% in 2021.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 2.0% in 2021.
- Asset Diversification: The largest asset category is inventory at 20.1% of total assets.
Zhongce Rubber Group Co Ltd Competitors by Total Assets
Key competitors of Zhongce Rubber Group Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
iQ International AG
F:IQL
|
Germany | €35.73 Million |
|
Metaterra Corp.
PINK:MTRC
|
USA | $54.63K |
|
Daewonkangup
KO:000430
|
Korea | ₩1.39 Trillion |
|
Wanxiang Qianchao Co Ltd
SHE:000559
|
China | CN¥24.64 Billion |
|
Weifu High-Technology Group Co Ltd
SHE:000581
|
China | CN¥29.08 Billion |
|
Gui Zhou Tyre Co Ltd
SHE:000589
|
China | CN¥18.30 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
China | CN¥9.23 Billion |
|
Hengli Industrial Development Group Co Ltd
SHE:000622
|
China | CN¥481.53 Million |
Zhongce Rubber Group Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Zhongce Rubber Group Co Ltd generates 0.88x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Solid ROA - For every $100 in assets, Zhongce Rubber Group Co Ltd generates $8.45 in net profit.
Zhongce Rubber Group Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.07 | 0.92 | 0.92 |
| Quick Ratio | 0.69 | 0.53 | 0.53 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥1.68 Billion | CN¥ -1.78 Billion | CN¥ -1.78 Billion |
Zhongce Rubber Group Co Ltd - Advanced Valuation Insights
This section examines the relationship between Zhongce Rubber Group Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 14.4% |
| Total Assets | CN¥44.82 Billion |
| Market Capitalization | $65.81K USD |
Valuation Analysis
Below Book Valuation: The market values Zhongce Rubber Group Co Ltd's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Zhongce Rubber Group Co Ltd's assets grew by 14.4% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Zhongce Rubber Group Co Ltd (2021–2024)
The table below shows the annual total assets of Zhongce Rubber Group Co Ltd from 2021 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥44.82 Billion | +14.36% |
| 2023-12-31 | CN¥39.20 Billion | +4.39% |
| 2022-12-31 | CN¥37.55 Billion | +10.06% |
| 2021-12-31 | CN¥34.11 Billion | -- |