The average asset-liability ratio of listed companies with more than 30 parts and components is 50.5%

In the middle of this year, China's 30 major auto parts listed companies (income top in revenue) have a total assets of 253.639 billion yuan and liabilities of 128.15 billion yuan. Therefore, the average asset-liability ratio is 50.5%, which is lower than the level of China's listed vehicles (55.6%). Compared with the beginning of the year, the change of its asset-liability ratio is the same as that of the whole vehicle company, and both have declined (the average asset-liability ratio of these enterprises was 51.4% at the beginning of the year). Judging from the total assets, of the 30 listed parts and components companies, there are only six companies with assets of over 10 billion yuan, which is significantly lower than that of the entire vehicle company. Among them, Weichai Power has the highest total assets, and this year's mid-term assets were 60.908 billion yuan. Followed by Huayu Automobile, the total assets were 45.30 billion yuan.

In the middle of this year, the assets of Fuyao Glass, Shuangqin Shares, Weifu Hi-tech, and Fangda Special Steel also all exceeded 10 billion yuan. Among them, Fuyao Glass's assets in the early years also exceeded 10 billion yuan, compared with 12.835 billion yuan in the middle of the year; while double-money shares, Weifu Hi-Tech and Fangda Special Steel all had assets below 10 billion yuan at the beginning of the year, and the middle of the year. Both exceeded the 10 billion mark, which was respectively 11.284 billion yuan, 10.781 billion yuan and 10.302 billion yuan.

Other corporate assets are below 10 billion yuan. Among them, Wanxiang Qianchao’s assets in the middle of this year were 9.569 billion yuan, or companies that are expected to break through the 10 billion mark at the fastest rate. The shares of Aeolus, A-Tire A, Syungu, Lingyun, and Sailing were all between 5-8 billion yuan.

Asset-liability ratio: up to 72% of Fengshen shares, only 21% of Weifu high-tech companies

From the perspective of asset-liability ratio, of the 30 listed parts and components companies listed in this article, the asset-liability ratio of Aeolus shares was the highest, reaching 72.0% in the middle of this year. Shuang Qiang shares (69.7%), Yan Tire A (69.4%) and molding technology (68.7%) also had an asset-liability ratio of nearly 70%.

The lowest debt-to-equity ratio is Weifu Hi-Tech and camel, and the asset-liability ratio in the middle of the year was 21.0% and 25.4% respectively. The asset-liability ratios of Wanliyang and FAW Fuwei were also low, at 29.0% and 28.9%, respectively, both lower than 30%.

Compared with the beginning of the year, among these companies, the fastest decline in asset-liability ratio was Weifu Hi-tech, and its asset-liability ratio dropped by 11.6%. Its interim assets this year increased by 36% from the beginning of the year, while liabilities dropped by 12.3%. At the same time, its net interest rate in the first half of this year was relatively high, as high as 17%, ranking among the top companies in terms of net profit margin among parts and components listed companies.

The asset-liability ratio of Shangchai’s shares has also declined rapidly, and the asset-liability ratio in the mid-term this year has dropped by 8 percentage points from the beginning of the year. Although its liabilities slightly increased by 1%, assets increased by 22.7%.

In addition, the asset-liability ratio of Wanxiang Qianchao has risen the fastest. Its asset-liability ratio in the middle of the year has increased by 7.2 percentage points from the beginning of the year. Although its assets increased by 8.7%, its liabilities increased by 23.5%.

Compared with vehicle-listed companies, parts-listed companies have lower assets and lower debt ratios. There are only a few corporate assets of listed companies with parts and components worth over 10 billion yuan; and for companies with low asset-liability ratios, the asset-liability ratio is only 21%.