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YAPP Automotive Systems SHSE:603013 Stock Report

Last Price


Market Cap







25 Jun, 2022


Company Financials
603013 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance3/6
Financial Health6/6

603013 Stock Overview

YAPP Automotive Systems Co., Ltd. engages in the research and development, manufacturing, marketing, sales, and service of automotive energy storage system products.

YAPP Automotive Systems Competitors













Price History & Performance

Summary of all time highs, changes and price drops for YAPP Automotive Systems
Historical stock prices
Current Share PriceCN¥15.47
52 Week HighCN¥21.29
52 Week LowCN¥10.28
1 Month Change6.47%
3 Month Change5.74%
1 Year Change13.42%
3 Year Change-2.58%
5 Year Changen/a
Change since IPO-7.92%

Recent News & Updates

Shareholder Returns

603013CN Auto ComponentsCN Market

Return vs Industry: 603013 exceeded the CN Auto Components industry which returned 8.9% over the past year.

Return vs Market: 603013 exceeded the CN Market which returned -10.1% over the past year.

Price Volatility

Is 603013's price volatile compared to industry and market?
603013 volatility
603013 Average Weekly Movement6.0%
Auto Components Industry Average Movement8.1%
Market Average Movement7.2%
10% most volatile stocks in CN Market10.1%
10% least volatile stocks in CN Market5.1%

Stable Share Price: 603013 is less volatile than 75% of CN stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 603013's weekly volatility (6%) has been stable over the past year.

About the Company

19884,098Jiang Lin

YAPP Automotive Systems Co., Ltd. engages in the research and development, manufacturing, marketing, sales, and service of automotive energy storage system products. The company’s products include automotive fuel systems, urea storage and supply systems, high-voltage fuel systems for hybrid vehicles, and battery packs for pure electric vehicles, as well as composite material, hydrogen fuel supply systems, extreme cold heating systems, air ducts, etc. It also offers plastic fuel systems and emission reduction systems. The company operates in China, India, Russia, the Czech Republic, Germany, the United States, Mexico, Uzbekistan, Brazil, Japan, and France.

YAPP Automotive Systems Fundamentals Summary

How do YAPP Automotive Systems's earnings and revenue compare to its market cap?
603013 fundamental statistics
Market CapCN¥7.95b
Earnings (TTM)CN¥512.57m
Revenue (TTM)CN¥8.09b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
603013 income statement (TTM)
Cost of RevenueCN¥6.84b
Gross ProfitCN¥1.25b
Other ExpensesCN¥732.45m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date


Earnings per share (EPS)1.00
Gross Margin15.39%
Net Profit Margin6.34%
Debt/Equity Ratio6.4%

How did 603013 perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio
We’ve recently updated our valuation analysis.


Is 603013 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 603013?

Other financial metrics that can be useful for relative valuation.

603013 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.8x
Enterprise Value/EBITDA8x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does 603013's PE Ratio compare to its peers?

603013 PE Ratio vs Peers
The above table shows the PE ratio for 603013 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average129x

Price-To-Earnings vs Peers: 603013 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the peer average (129x).

Price to Earnings Ratio vs Industry

How does 603013's PE Ratio compare vs other companies in the Chinese Auto Components Industry?

Price-To-Earnings vs Industry: 603013 is good value based on its Price-To-Earnings Ratio (15.5x) compared to the CN Auto Components industry average (48.4x)

Price to Earnings Ratio vs Fair Ratio

What is 603013's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

603013 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.5x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate 603013's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 603013 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 603013 (CN¥15.47) is trading above our estimate of fair value (CN¥13.61)

Significantly Below Fair Value: 603013 is trading above our estimate of fair value.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 603013's PEG Ratio to determine if it is good value.

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Future Growth

How is YAPP Automotive Systems forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as YAPP Automotive Systems has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Past Performance

How has YAPP Automotive Systems performed over the past 5 years?

Past Performance Score


Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 603013 has high quality earnings.

Growing Profit Margin: 603013's current net profit margins (6.3%) are higher than last year (5.9%).

Past Earnings Growth Analysis

Earnings Trend: 603013's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: 603013's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 603013 had negative earnings growth (-5.4%) over the past year, making it difficult to compare to the Auto Components industry average (-19.5%).

Return on Equity

High ROE: 603013's Return on Equity (14.6%) is considered low.

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Financial Health

How is YAPP Automotive Systems's financial position?

Financial Health Score


Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 603013's short term assets (CN¥4.3B) exceed its short term liabilities (CN¥2.2B).

Long Term Liabilities: 603013's short term assets (CN¥4.3B) exceed its long term liabilities (CN¥302.5M).

Debt to Equity History and Analysis

Debt Level: 603013 has more cash than its total debt.

Reducing Debt: 603013's debt to equity ratio has reduced from 78.6% to 6.4% over the past 5 years.

Debt Coverage: 603013's debt is well covered by operating cash flow (333.1%).

Interest Coverage: 603013 earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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What is YAPP Automotive Systems's current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 603013's dividend (4.52%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).

High Dividend: 603013's dividend (4.52%) is in the top 25% of dividend payers in the CN market (1.93%)

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, 603013 has been paying a dividend for less than 10 years.

Growing Dividend: 603013's dividend payments have increased, but the company has only paid a dividend for 3 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (70%), 603013's dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (53.7%), 603013's dividend payments are covered by cash flows.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Jiang Lin (50 yo)

no data


Mr. Jing Lin serves as Director of YAPP Automotive Systems Co., Ltd. since June 28, 2018 and also serves as its General Manager and served as its Vice President, Deputy General Manager and Finance Manager.

Leadership Team

Experienced Management: 603013's management team is seasoned and experienced (11 years average tenure).

Board Members

Experienced Board: 603013's board of directors are considered experienced (9 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

YAPP Automotive Systems Co., Ltd.'s employee growth, exchange listings and data sources

Key Information

  • Name: YAPP Automotive Systems Co., Ltd.
  • Ticker: 603013
  • Exchange: SHSE
  • Founded: 1988
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Implied Market Cap: CN¥7.951b
  • Shares outstanding: 513.99m
  • Website:

Number of Employees


  • YAPP Automotive Systems Co., Ltd.
  • No. 508, Yangzijiang South Road
  • Yangzhou
  • Jiangsu Province
  • 225009
  • China


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Annual Earnings2021/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.