Xingguang Agricultural Mach
Thinker Agricultural Machinery Co., Ltd. engages in the research and development, manufacture, sale, and service of agricultural machinery in China and internationally. Its products include grain harvesting, grain crop harvesting, grain processing, farming, power, and hay harvesting machineries. The company was founded in 2004 and is based in Huzhou, China.
Xingguang Agricultural Mach (603789) - Total Assets
Latest total assets as of September 2025: CN¥1.24 Billion CNY
Based on the latest financial reports, Xingguang Agricultural Mach (603789) holds total assets worth CN¥1.24 Billion CNY as of September 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.
Xingguang Agricultural Mach - Total Assets Trend (2011–2024)
This chart illustrates how Xingguang Agricultural Mach’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Xingguang Agricultural Mach - Asset Composition Analysis
Current Asset Composition (December 2024)
Xingguang Agricultural Mach's total assets of CN¥1.24 Billion consist of 48.7% current assets and 51.3% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 4.1% |
| Accounts Receivable | CN¥278.05 Million | 24.0% |
| Inventory | CN¥207.09 Million | 17.8% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥76.97 Million | 6.6% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Xingguang Agricultural Mach'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: Xingguang Agricultural Mach's current assets represent 48.7% of total assets in 2024, a decrease from 89.6% in 2011.
- Cash Position: Cash and equivalents constituted 4.1% of total assets in 2024, down from 81.8% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, an increase from 2.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 24.0% of total assets.
Xingguang Agricultural Mach Competitors by Total Assets
Key competitors of Xingguang Agricultural Mach based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Exor NV
PINK:EXXRF
|
USA | $40.00 Billion |
|
XCMG Construction Machinery Co Ltd
SHE:000425
|
China | CN¥179.64 Billion |
|
Daedong Ind
KO:000490
|
Korea | ₩2.25 Trillion |
|
Guangxi Liugong Machinery Co Ltd
SHE:000528
|
China | CN¥50.65 Billion |
|
Shantui Construction Machinery Co Ltd
SHE:000680
|
China | CN¥18.79 Billion |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816
|
China | CN¥3.49 Billion |
|
Sinotruk Jinan Truck Co Ltd
SHE:000951
|
China | CN¥45.43 Billion |
|
Zhongtong Bus Holding Co Ltd
SHE:000957
|
China | CN¥9.46 Billion |
Xingguang Agricultural Mach - 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
Lower asset utilization - Xingguang Agricultural Mach generates 0.23x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Xingguang Agricultural Mach is currently not profitable relative to its asset base.
Xingguang Agricultural Mach - 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 | 1.12 | 0.90 | 1.81 |
| Quick Ratio | 0.84 | 0.59 | 1.47 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥91.08 Million | CN¥ -60.73 Million | CN¥ 366.18 Million |
Xingguang Agricultural Mach - Advanced Valuation Insights
This section examines the relationship between Xingguang Agricultural Mach'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 | 8.69 |
| Latest Market Cap to Assets Ratio | 0.07 |
| Asset Growth Rate (YoY) | -10.5% |
| Total Assets | CN¥1.16 Billion |
| Market Capitalization | $75.61 Million USD |
Valuation Analysis
Below Book Valuation: The market values Xingguang Agricultural Mach's assets below their book value (0.07 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Xingguang Agricultural Mach's assets decreased by 10.5% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Xingguang Agricultural Mach (2011–2024)
The table below shows the annual total assets of Xingguang Agricultural Mach from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.16 Billion | -10.46% |
| 2023-12-31 | CN¥1.30 Billion | +20.54% |
| 2022-12-31 | CN¥1.08 Billion | -19.23% |
| 2021-12-31 | CN¥1.33 Billion | -4.95% |
| 2020-12-31 | CN¥1.40 Billion | -18.51% |
| 2019-12-31 | CN¥1.72 Billion | +6.40% |
| 2018-12-31 | CN¥1.62 Billion | +10.29% |
| 2017-12-31 | CN¥1.47 Billion | -5.54% |
| 2016-12-31 | CN¥1.55 Billion | +38.04% |
| 2015-12-31 | CN¥1.12 Billion | +34.99% |
| 2014-12-31 | CN¥832.36 Million | +24.54% |
| 2013-12-31 | CN¥668.32 Million | -7.19% |
| 2012-12-31 | CN¥720.12 Million | +43.50% |
| 2011-12-31 | CN¥501.83 Million | -- |