Mingxin Automotive Leather Co. Ltd.
Mingxin New Material Co.,Ltd. engages in the research, development, production and sales of automotive interior materials in China. The company offers Verona microfiber, Menocra microfiber, Mingxin leather, and Hurongo PU materials used in seats, steering wheels, dashboards, headrests, armrests, ceilings, etc. The company was formerly known as Mingxin Automotive Leather Co., Ltd. and changed its … Read more
Mingxin Automotive Leather Co. Ltd. (605068) - Total Assets
Latest total assets as of June 2025: CN¥3.62 Billion CNY
Based on the latest financial reports, Mingxin Automotive Leather Co. Ltd. (605068) holds total assets worth CN¥3.62 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.
Mingxin Automotive Leather Co. Ltd. - Total Assets Trend (2019–2024)
This chart illustrates how Mingxin Automotive Leather Co. Ltd.’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Mingxin Automotive Leather Co. Ltd. - Asset Composition Analysis
Current Asset Composition (December 2024)
Mingxin Automotive Leather Co. Ltd.'s total assets of CN¥3.62 Billion consist of 54.3% current assets and 45.7% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 7.4% |
| Accounts Receivable | CN¥552.64 Million | 15.6% |
| Inventory | CN¥743.06 Million | 21.0% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥141.58 Million | 4.0% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2019–2024)
This chart illustrates how Mingxin Automotive Leather 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: Mingxin Automotive Leather Co. Ltd.'s current assets represent 54.3% of total assets in 2024, a decrease from 60.4% in 2019.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, up from 3.6% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 9.0% in 2019.
- Asset Diversification: The largest asset category is inventory at 21.0% of total assets.
Mingxin Automotive Leather Co. Ltd. Competitors by Total Assets
Key competitors of Mingxin Automotive Leather 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 |
Mingxin Automotive Leather 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
Lower asset utilization - Mingxin Automotive Leather Co. Ltd. generates 0.33x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Mingxin Automotive Leather Co. Ltd. is currently not profitable relative to its asset base.
Mingxin Automotive Leather 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 | 1.85 | 2.61 | 3.02 |
| Quick Ratio | 1.04 | 1.51 | 1.96 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥929.49 Million | CN¥ 1.25 Billion | CN¥ 1.11 Billion |
Mingxin Automotive Leather Co. Ltd. - Advanced Valuation Insights
This section examines the relationship between Mingxin Automotive Leather 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 | 2.64 |
| Latest Market Cap to Assets Ratio | 0.05 |
| Asset Growth Rate (YoY) | 2.8% |
| Total Assets | CN¥3.53 Billion |
| Market Capitalization | $188.41 Million USD |
Valuation Analysis
Below Book Valuation: The market values Mingxin Automotive Leather Co. Ltd.'s assets below their book value (0.05 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Mingxin Automotive Leather Co. Ltd.'s assets grew by 2.8% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Mingxin Automotive Leather Co. Ltd. (2019–2024)
The table below shows the annual total assets of Mingxin Automotive Leather Co. Ltd. from 2019 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.53 Billion | +2.76% |
| 2023-12-31 | CN¥3.44 Billion | +3.49% |
| 2022-12-31 | CN¥3.32 Billion | +24.51% |
| 2021-12-31 | CN¥2.67 Billion | +21.03% |
| 2020-12-31 | CN¥2.21 Billion | +133.80% |
| 2019-12-31 | CN¥943.40 Million | -- |