XCMG Construction Machinery Co Ltd (000425) - Net Assets
Based on the latest financial reports, XCMG Construction Machinery Co Ltd (000425) has net assets worth CN¥64.17 Billion CNY (≈ $9.39 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥183.57 Billion ≈ $26.86 Billion USD) and total liabilities (CN¥119.39 Billion ≈ $17.47 Billion USD). 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. Check 000425 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥64.17 Billion |
| % of Total Assets | 34.96% |
| Annual Growth Rate | N/A |
| 5-Year Change | 17.33% |
| 10-Year Change | 202.38% |
| Growth Volatility | 45.27 |
XCMG Construction Machinery Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how XCMG Construction Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See XCMG Construction Machinery Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for XCMG Construction Machinery Co Ltd (1993–2025)
The table below shows the annual net assets of XCMG Construction Machinery Co Ltd from 1993 to 2025. For live valuation and market cap data, see market cap of XCMG Construction Machinery Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥61.93 Billion ≈ $9.06 Billion |
+2.43% |
| 2024-12-31 | CN¥60.46 Billion ≈ $8.85 Billion |
+5.17% |
| 2023-12-31 | CN¥57.49 Billion ≈ $8.41 Billion |
+5.17% |
| 2022-12-31 | CN¥54.66 Billion ≈ $8.00 Billion |
+3.55% |
| 2021-12-31 | CN¥52.79 Billion ≈ $7.72 Billion |
+54.48% |
| 2020-12-31 | CN¥34.17 Billion ≈ $5.00 Billion |
+1.56% |
| 2019-12-31 | CN¥33.65 Billion ≈ $4.92 Billion |
+10.90% |
| 2018-12-31 | CN¥30.34 Billion ≈ $4.44 Billion |
+26.13% |
| 2017-12-31 | CN¥24.06 Billion ≈ $3.52 Billion |
+17.45% |
| 2016-12-31 | CN¥20.48 Billion ≈ $3.00 Billion |
-0.70% |
| 2015-12-31 | CN¥20.63 Billion ≈ $3.02 Billion |
+0.91% |
| 2014-12-31 | CN¥20.44 Billion ≈ $2.99 Billion |
+2.66% |
| 2013-12-31 | CN¥19.91 Billion ≈ $2.91 Billion |
+13.43% |
| 2012-12-31 | CN¥17.55 Billion ≈ $2.57 Billion |
+15.81% |
| 2011-12-31 | CN¥15.15 Billion ≈ $2.22 Billion |
+23.89% |
| 2010-12-31 | CN¥12.23 Billion ≈ $1.79 Billion |
+177.49% |
| 2009-12-31 | CN¥4.41 Billion ≈ $645.07 Million |
+30.24% |
| 2008-12-31 | CN¥3.38 Billion ≈ $495.31 Million |
+184.78% |
| 2007-12-31 | CN¥1.19 Billion ≈ $173.93 Million |
+2.06% |
| 2006-12-31 | CN¥1.16 Billion ≈ $170.43 Million |
+8.42% |
| 2005-12-31 | CN¥1.07 Billion ≈ $157.18 Million |
-10.82% |
| 2004-12-31 | CN¥1.20 Billion ≈ $176.26 Million |
-1.38% |
| 2003-12-31 | CN¥1.22 Billion ≈ $178.73 Million |
+10.80% |
| 2002-12-31 | CN¥1.10 Billion ≈ $161.32 Million |
+12.43% |
| 2001-12-31 | CN¥980.54 Million ≈ $143.48 Million |
+55.05% |
| 2000-12-31 | CN¥632.41 Million ≈ $92.54 Million |
+7.17% |
| 1999-12-31 | CN¥590.12 Million ≈ $86.35 Million |
+61.41% |
| 1998-12-31 | CN¥365.61 Million ≈ $53.50 Million |
-3.81% |
| 1997-12-31 | CN¥380.10 Million ≈ $55.62 Million |
+0.88% |
| 1996-12-31 | CN¥376.77 Million ≈ $55.13 Million |
+11.44% |
| 1995-12-31 | CN¥338.10 Million ≈ $49.47 Million |
-- |
| 1994-12-31 | CN¥0.00 ≈ $0.00 |
-- |
| 1993-12-31 | CN¥0.00 ≈ $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 3375184655060.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥33.75 Billion | 55.82% |
| Other Components | CN¥26.71 Billion | 44.18% |
| Total Equity | CN¥60.46 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 |
|---|---|
|
Jde Peets Nv
AS:JDEP
|
$15.46 Billion |
|
RENAU.UNSP.ARD 1/5 EO-20
F:56S0
|
$15.47 Billion |
|
PTT Exploration and Production Public Company Limited
F:NVAL
|
$15.48 Billion |
|
Chongqing Sokon Ind Grp Co
SHG:601127
|
$15.49 Billion |
|
Hua Xia Bank Co Ltd
SHG:600015
|
$15.44 Billion |
|
Akamai Technologies Inc
NASDAQ:AKAM
|
$15.43 Billion |
|
Mid-America Apartment Communities Inc
NYSE:MAA
|
$15.42 Billion |
|
Cholamandalam Investment and Finance Company Limited
NSE:CHOLAFIN
|
$15.41 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 2024 to 2025, total equity changed from 59,308,738,000 to 60,460,686,271, a change of 1,151,948,271 (1.9%).
- Net income of 6,572,221,644 contributed positively to equity growth.
- Dividend payments of 3,178,973,071 reduced retained earnings.
- Other comprehensive income decreased equity by 3,426,850,000.
- Other factors increased equity by 1,185,549,698.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.57 Billion | +10.87% |
| Dividends Paid | CN¥3.18 Billion | -5.26% |
| Other Comprehensive Income | CN¥-3.43 Billion | -5.67% |
| Other Changes | CN¥1.19 Billion | +1.96% |
| Total Change | CN¥- | 1.94% |
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: 1.75x
- 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 78.88x to 1.75x 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¥8.99 | x |
| 1996-12-31 | CN¥0.13 | CN¥8.99 | x |
| 1997-12-31 | CN¥0.13 | CN¥8.99 | x |
| 1998-12-31 | CN¥0.12 | CN¥8.99 | x |
| 1999-12-31 | CN¥0.20 | CN¥8.99 | x |
| 2000-12-31 | CN¥0.21 | CN¥8.99 | x |
| 2001-12-31 | CN¥0.33 | CN¥8.99 | x |
| 2002-12-31 | CN¥0.37 | CN¥8.99 | x |
| 2003-12-31 | CN¥0.41 | CN¥8.99 | x |
| 2004-12-31 | CN¥0.40 | CN¥8.99 | x |
| 2005-12-31 | CN¥0.36 | CN¥8.99 | x |
| 2006-12-31 | CN¥0.35 | CN¥8.99 | x |
| 2007-12-31 | CN¥0.40 | CN¥8.99 | x |
| 2008-12-31 | CN¥0.64 | CN¥8.99 | x |
| 2009-12-31 | CN¥0.84 | CN¥8.99 | x |
| 2010-12-31 | CN¥2.25 | CN¥8.99 | x |
| 2011-12-31 | CN¥2.45 | CN¥8.99 | x |
| 2012-12-31 | CN¥2.82 | CN¥8.99 | x |
| 2013-12-31 | CN¥2.77 | CN¥8.99 | x |
| 2014-12-31 | CN¥2.82 | CN¥8.99 | x |
| 2015-12-31 | CN¥2.91 | CN¥8.99 | x |
| 2016-12-31 | CN¥2.94 | CN¥8.99 | x |
| 2017-12-31 | CN¥3.29 | CN¥8.99 | x |
| 2018-12-31 | CN¥3.84 | CN¥8.99 | x |
| 2019-12-31 | CN¥4.24 | CN¥8.99 | x |
| 2020-12-31 | CN¥4.30 | CN¥8.99 | x |
| 2021-12-31 | CN¥6.58 | CN¥8.99 | x |
| 2022-12-31 | CN¥4.51 | CN¥8.99 | x |
| 2023-12-31 | CN¥4.74 | CN¥8.99 | x |
| 2024-12-31 | CN¥5.06 | CN¥8.99 | x |
| 2025-12-31 | CN¥5.14 | CN¥8.99 | 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): 10.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.52%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.85x
- Recent ROE (10.87%) is above the historical average (9.43%), 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 | 11.05% | 4.27% | 0.79x | 3.26x | CN¥3.83 Million |
| 1999 | 13.55% | 6.96% | 0.75x | 2.59x | CN¥20.96 Million |
| 2000 | 11.57% | 5.75% | 0.84x | 2.39x | CN¥9.87 Million |
| 2001 | 8.84% | 5.70% | 0.70x | 2.22x | CN¥-11.24 Million |
| 2002 | 9.81% | 5.05% | 0.82x | 2.37x | CN¥-2.10 Million |
| 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 | 0.48% | 0.20% | 0.83x | 2.90x | CN¥-109.85 Million |
| 2007 | 2.10% | 0.82% | 0.99x | 2.57x | CN¥-93.06 Million |
| 2008 | 3.32% | 3.66% | 0.26x | 3.51x | CN¥-221.87 Million |
| 2009 | 39.80% | 8.41% | 1.37x | 3.44x | CN¥1.30 Billion |
| 2010 | 23.94% | 11.61% | 0.99x | 2.07x | CN¥1.70 Billion |
| 2011 | 22.31% | 10.25% | 0.95x | 2.29x | CN¥1.86 Billion |
| 2012 | 13.96% | 7.57% | 0.71x | 2.61x | CN¥691.77 Million |
| 2013 | 8.18% | 5.70% | 0.55x | 2.63x | CN¥-355.76 Million |
| 2014 | 2.05% | 1.77% | 0.48x | 2.43x | CN¥-1.60 Billion |
| 2015 | 0.28% | 0.34% | 0.39x | 2.08x | 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 | 15.93% | 7.03% | 0.70x | 3.24x | CN¥3.05 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 |
| 2025 | 10.87% | 6.52% | 0.59x | 2.85x | CN¥526.15 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: $8,267,554,575
- Average return on equity (ROE) among peers: 10.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XCMG Construction Machinery Co Ltd (000425) | CN¥64.17 Billion | 9.33% | 1.86x | $15.46 Billion |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $27.47 Billion | 16.98% | 1.29x | $7.87 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $17.17 Billion | 3.49% | 1.46x | $2.38 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.91 Billion | 0.62% | 1.71x | $2.24 Billion |
| Faw Car Co Ltd (000800) | $730.97 Million | 42.45% | 1.59x | $4.39 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $3.76 Billion | 0.73% | 0.76x | $508.18 Million |
| HBIS Resources Co Ltd (000923) | $415.63 Million | 0.55% | 0.98x | $1.32 Billion |
| Sinotruk Jinan Truck Co Ltd (000951) | $17.58 Billion | 9.47% | 1.85x | $3.78 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $588.19 Million | 6.73% | 1.78x | $870.21 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $1.77 Billion | 11.46% | 1.71x | $1.28 Billion |
About XCMG Construction Machinery Co Ltd
XCMG Construction Machinery Co., Ltd. engages in the manufacturing and sale of construction machinery in China. The company offers 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 po… Read more