XCMG Construction Machinery Co Ltd

SHE:000425 China Farm & Heavy Construction Machinery
Market Cap
$17.30 Billion
CN¥126.93 Billion CNY
Market Cap Rank
#1533 Global
#69 in China
Share Price
CN¥10.80
Change (1 day)
-1.64%
52-Week Range
CN¥7.66 - CN¥12.66
All Time High
CN¥12.66
Categories
Companies in China Farm & Heavy Construction Machinery
About

XCMG Construction Machinery Co., Ltd. engages in the manufacturing and sale of construction machinery in China. Its products include hoisting machinery, excavators, loaders, road machinery, piling machinery, non-excavation machinery, concrete machinery, special vehicles, aerial working equipment, sanitation machinery, fire-fighting machinery, tunnel machinery, resource exploration machinery, and … Read more

XCMG Construction Machinery Co Ltd (000425) - Net Assets

Latest net assets as of September 2025: CN¥61.34 Billion CNY

Based on the latest financial reports, XCMG Construction Machinery Co Ltd (000425) has net assets worth CN¥61.34 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥179.64 Billion) and total liabilities (CN¥118.31 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥61.34 Billion
% of Total Assets 34.14%
Annual Growth Rate N/A
5-Year Change 76.94%
10-Year Change 193.44%
Growth Volatility 51.09

XCMG Construction Machinery Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how XCMG Construction Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for XCMG Construction Machinery Co Ltd (1993–2024)

The table below shows the annual net assets of XCMG Construction Machinery Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥60.46 Billion +5.17%
2023-12-31 CN¥57.49 Billion +5.18%
2022-12-31 CN¥54.65 Billion +47.04%
2021-12-31 CN¥37.17 Billion +8.78%
2020-12-31 CN¥34.17 Billion +1.56%
2019-12-31 CN¥33.65 Billion +10.90%
2018-12-31 CN¥30.34 Billion +26.13%
2017-12-31 CN¥24.06 Billion +17.45%
2016-12-31 CN¥20.48 Billion -0.59%
2015-12-31 CN¥20.60 Billion +0.81%
2014-12-31 CN¥20.44 Billion +3.69%
2013-12-31 CN¥19.71 Billion +12.49%
2012-12-31 CN¥17.52 Billion +15.63%
2011-12-31 CN¥15.15 Billion +25.71%
2010-12-31 CN¥12.06 Billion +173.48%
2009-12-31 CN¥4.41 Billion +234.55%
2008-12-31 CN¥1.32 Billion +10.86%
2007-12-31 CN¥1.19 Billion +9.51%
2006-12-31 CN¥1.09 Billion +1.04%
2005-12-31 CN¥1.07 Billion -10.82%
2004-12-31 CN¥1.20 Billion -1.38%
2003-12-31 CN¥1.22 Billion +12.83%
2002-12-31 CN¥1.08 Billion +9.90%
2001-12-31 CN¥985.02 Million +53.38%
2000-12-31 CN¥642.22 Million +8.83%
1999-12-31 CN¥590.12 Million +36.47%
1998-12-31 CN¥432.44 Million +13.77%
1997-12-31 CN¥380.10 Million +0.88%
1996-12-31 CN¥376.77 Million +11.44%
1995-12-31 CN¥338.10 Million --
1994-12-31 CN¥0.00 --
1993-12-31 CN¥0.00 --

Equity Component Analysis

This analysis shows how different components contribute to XCMG Construction Machinery Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 2937461800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥29.37 Billion 49.53%
Common Stock CN¥11.82 Billion 19.92%
Other Comprehensive Income CN¥3.43 Billion 5.78%
Other Components CN¥14.69 Billion 24.77%
Total Equity CN¥59.31 Billion 100.00%

XCMG Construction Machinery Co Ltd Competitors by Market Cap

The table below lists competitors of XCMG Construction Machinery Co Ltd ranked by their market capitalization.

Company Market Cap
AP Moeller - Maersk A/S A
PINK:AMKAF
 		$11.30 Billion
Genmab A/S
PINK:GNMSF
 		$11.33 Billion
Jack Henry & Associates Inc
NASDAQ:JKHY
 		$11.34 Billion
UltraTech Cement Limited
PINK:UCLQF
 		$11.35 Billion
Companhia de Saneamento Básico do Estado de São Paulo - SABESP
F:SAJA
 		$11.28 Billion
WEG S.A
SA:WEGE3
 		$11.28 Billion
Unum Group
NYSE:UNM
 		$11.27 Billion
LG Chemicals
KO:051910
 		$11.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in XCMG Construction Machinery Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 56,144,670,380 to 59,308,738,000, a change of 3,164,067,620 (5.6%).
  • Net income of 5,976,118,000 contributed positively to equity growth.
  • Dividend payments of 3,405,331,078 reduced retained earnings.
  • Share repurchases of 389,346,055 reduced equity.
  • Other comprehensive income increased equity by 3,352,723,008.
  • Other factors decreased equity by 2,370,096,255.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥5.98 Billion +10.08%
Dividends Paid CN¥3.41 Billion -5.74%
Share Repurchases CN¥389.35 Million -0.66%
Other Comprehensive Income CN¥3.35 Billion +5.65%
Other Changes CN¥-2.37 Billion -4.0%
Total Change CN¥- 5.64%

Book Value vs Market Value Analysis

This analysis compares XCMG Construction Machinery Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 2.13x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 94.76x to 2.13x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.11 CN¥10.80 x
1996-12-31 CN¥0.13 CN¥10.80 x
1997-12-31 CN¥0.13 CN¥10.80 x
1998-12-31 CN¥0.15 CN¥10.80 x
1999-12-31 CN¥0.20 CN¥10.80 x
2000-12-31 CN¥0.21 CN¥10.80 x
2001-12-31 CN¥0.33 CN¥10.80 x
2002-12-31 CN¥0.36 CN¥10.80 x
2003-12-31 CN¥0.41 CN¥10.80 x
2004-12-31 CN¥0.40 CN¥10.80 x
2005-12-31 CN¥0.36 CN¥10.80 x
2006-12-31 CN¥0.32 CN¥10.80 x
2007-12-31 CN¥0.40 CN¥10.80 x
2008-12-31 CN¥0.24 CN¥10.80 x
2009-12-31 CN¥0.84 CN¥10.80 x
2010-12-31 CN¥2.22 CN¥10.80 x
2011-12-31 CN¥2.45 CN¥10.80 x
2012-12-31 CN¥2.81 CN¥10.80 x
2013-12-31 CN¥2.74 CN¥10.80 x
2014-12-31 CN¥2.82 CN¥10.80 x
2015-12-31 CN¥2.91 CN¥10.80 x
2016-12-31 CN¥2.94 CN¥10.80 x
2017-12-31 CN¥3.29 CN¥10.80 x
2018-12-31 CN¥3.84 CN¥10.80 x
2019-12-31 CN¥4.24 CN¥10.80 x
2020-12-31 CN¥4.30 CN¥10.80 x
2021-12-31 CN¥4.65 CN¥10.80 x
2022-12-31 CN¥4.51 CN¥10.80 x
2023-12-31 CN¥4.74 CN¥10.80 x
2024-12-31 CN¥5.06 CN¥10.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently XCMG Construction Machinery Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 10.08%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.52%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 2.71x
  • Recent ROE (10.08%) is above the historical average (9.74%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 9.33% 3.97% 0.75x 3.14x CN¥-2.26 Million
1996 10.35% 5.54% 0.60x 3.11x CN¥1.32 Million
1997 12.31% 6.38% 0.58x 3.33x CN¥8.78 Million
1998 9.34% 4.27% 0.75x 2.91x CN¥-2.85 Million
1999 13.55% 6.96% 0.75x 2.59x CN¥20.96 Million
2000 11.39% 5.75% 0.84x 2.37x CN¥8.88 Million
2001 8.80% 5.70% 0.70x 2.21x CN¥-11.69 Million
2002 9.99% 5.05% 0.82x 2.41x CN¥-121.27K
2003 9.65% 3.34% 1.09x 2.65x CN¥-4.29 Million
2004 3.10% 0.98% 1.10x 2.88x CN¥-82.32 Million
2005 -12.13% -4.19% 0.97x 2.97x CN¥-235.49 Million
2006 0.51% 0.20% 0.85x 3.04x CN¥-101.93 Million
2007 2.10% 0.76% 1.08x 2.57x CN¥-93.06 Million
2008 8.80% 3.66% 0.83x 2.90x CN¥-15.11 Million
2009 39.80% 8.41% 1.37x 3.44x CN¥1.30 Billion
2010 24.29% 11.61% 1.02x 2.06x CN¥1.72 Billion
2011 22.31% 10.25% 0.95x 2.29x CN¥1.86 Billion
2012 13.98% 7.57% 0.71x 2.60x CN¥694.44 Million
2013 8.27% 5.70% 0.57x 2.53x CN¥-336.06 Million
2014 2.05% 1.77% 0.48x 2.43x CN¥-1.60 Billion
2015 0.28% 0.34% 0.39x 2.07x CN¥-2.00 Billion
2016 1.02% 1.23% 0.38x 2.15x CN¥-1.84 Billion
2017 4.25% 3.50% 0.59x 2.07x CN¥-1.38 Billion
2018 6.79% 4.61% 0.73x 2.03x CN¥-967.58 Million
2019 10.91% 6.12% 0.77x 2.33x CN¥301.73 Million
2020 11.07% 5.04% 0.81x 2.72x CN¥359.60 Million
2021 22.52% 7.03% 1.06x 3.02x CN¥4.56 Billion
2022 8.10% 4.60% 0.54x 3.29x CN¥-1.01 Billion
2023 9.49% 5.74% 0.57x 2.89x CN¥-288.00 Million
2024 10.08% 6.52% 0.57x 2.71x CN¥45.24 Million

Industry Comparison

This section compares XCMG Construction Machinery Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

  • Industry: Farm & Heavy Construction Machinery
  • Average net assets among peers: $2,961,690,637
  • Average return on equity (ROE) among peers: 10.39%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
XCMG Construction Machinery Co Ltd (000425) CN¥61.34 Billion 9.33% 1.93x $11.30 Billion
Guangxi Liugong Machinery Co Ltd (000528) $737.85 Million 2.72% 0.71x $1.96 Billion
Shantui Construction Machinery Co Ltd (000680) $4.51 Billion 1.03% 1.49x $1.25 Billion
JiangSu JiangHuai Engine Co Ltd (000816) $2.54 Billion -0.35% 0.35x $528.05 Million
Sinotruk Jinan Truck Co Ltd (000951) $14.59 Billion 1.46% 1.36x $1.65 Billion
Zhongtong Bus Holding Co Ltd (000957) $474.72 Million 1.13% 1.63x $610.98 Million
Anhui Tuoshan Heavy Industry Co. Ltd. (001226) $252.67 Million 34.83% 1.21x $123.77 Million
Nanchang Mineral Systems Co. Ltd. A (001360) $569.40 Million 21.21% 1.34x $202.86 Million
Sunward Intelligent Equipment Co Ltd (002097) $163.46 Million 23.10% 1.31x $970.29 Million
Weihai Guangtai Airport Equipment Co Ltd (002111) $2.82 Billion 8.32% 0.62x $383.43 Million