Guangxi Liugong Machinery Co Ltd (000528) - Net Assets

Latest as of March 2026: CN¥20.17 Billion CNY ≈ $2.95 Billion USD

Based on the latest financial reports, Guangxi Liugong Machinery Co Ltd (000528) has net assets worth CN¥20.17 Billion CNY (≈ $2.95 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¥53.72 Billion ≈ $7.86 Billion USD) and total liabilities (CN¥33.55 Billion ≈ $4.91 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 Guangxi Liugong Machinery Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥20.17 Billion
% of Total Assets	37.54%
Annual Growth Rate	15.21%
5-Year Change	21.45%
10-Year Change	121.89%
Growth Volatility	42.33

Guangxi Liugong Machinery Co Ltd - Net Assets Trend (1992–2025)

This chart illustrates how Guangxi Liugong Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000528 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Guangxi Liugong Machinery Co Ltd (1992–2025)

The table below shows the annual net assets of Guangxi Liugong Machinery Co Ltd from 1992 to 2025. For live valuation and market cap data, see market cap of Guangxi Liugong Machinery Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥19.63 Billion ≈ $2.87 Billion	+2.70%
2024-12-31	CN¥19.12 Billion ≈ $2.80 Billion	+6.22%
2023-12-31	CN¥18.00 Billion ≈ $2.63 Billion	+4.78%
2022-12-31	CN¥17.17 Billion ≈ $2.51 Billion	+6.26%
2021-12-31	CN¥16.16 Billion ≈ $2.37 Billion	+3.24%
2020-12-31	CN¥15.66 Billion ≈ $2.29 Billion	+44.56%
2019-12-31	CN¥10.83 Billion ≈ $1.58 Billion	+8.26%
2018-12-31	CN¥10.00 Billion ≈ $1.46 Billion	+0.00%
2017-12-31	CN¥10.00 Billion ≈ $1.46 Billion	+13.07%
2016-12-31	CN¥8.85 Billion ≈ $1.29 Billion	-0.66%
2015-12-31	CN¥8.91 Billion ≈ $1.30 Billion	-2.41%
2014-12-31	CN¥9.13 Billion ≈ $1.34 Billion	-1.65%
2013-12-31	CN¥9.28 Billion ≈ $1.36 Billion	-0.53%
2012-12-31	CN¥9.33 Billion ≈ $1.37 Billion	-0.15%
2011-12-31	CN¥9.34 Billion ≈ $1.37 Billion	+10.37%
2010-12-31	CN¥8.47 Billion ≈ $1.24 Billion	+106.07%
2009-12-31	CN¥4.11 Billion ≈ $601.10 Million	+54.91%
2008-12-31	CN¥2.65 Billion ≈ $388.03 Million	+7.91%
2007-12-31	CN¥2.46 Billion ≈ $359.58 Million	+27.62%
2006-12-31	CN¥1.93 Billion ≈ $281.76 Million	+17.95%
2005-12-31	CN¥1.63 Billion ≈ $238.88 Million	+6.70%
2004-12-31	CN¥1.53 Billion ≈ $223.89 Million	+47.61%
2003-12-31	CN¥1.04 Billion ≈ $151.67 Million	+29.78%
2002-12-31	CN¥798.65 Million ≈ $116.87 Million	+8.39%
2001-12-31	CN¥736.80 Million ≈ $107.82 Million	+2.28%
2000-12-31	CN¥720.38 Million ≈ $105.41 Million	+1.67%
1999-12-31	CN¥708.58 Million ≈ $103.69 Million	+0.68%
1998-12-31	CN¥703.79 Million ≈ $102.99 Million	-4.91%
1997-12-31	CN¥740.11 Million ≈ $108.30 Million	+3.64%
1996-12-31	CN¥714.13 Million ≈ $104.50 Million	+4.10%
1995-12-31	CN¥686.02 Million ≈ $100.39 Million	+16.47%
1994-12-31	CN¥589.01 Million ≈ $86.19 Million	-1.24%
1993-12-31	CN¥596.38 Million ≈ $87.27 Million	+224.44%
1992-12-31	CN¥183.82 Million ≈ $26.90 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guangxi Liugong 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 948503908956.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥9.49 Billion	51.05%
Other Components	CN¥9.09 Billion	48.95%
Total Equity	CN¥18.58 Billion	100.00%

Guangxi Liugong Machinery Co Ltd Competitors by Market Cap

The table below lists competitors of Guangxi Liugong Machinery Co Ltd ranked by their market capitalization.

Company	Market Cap
Titan Wind Energy Suzhou SHE:002531	$2.38 Billion
China Kings Resources Group Co SHG:603505	$2.39 Billion
First Busey Corp NASDAQ:BUSE	$2.39 Billion
NBT Bancorp Inc NASDAQ:NBTB	$2.39 Billion
Henan Yuguang Gold & Lead Co Ltd SHG:600531	$2.38 Billion
SSI Securities Corp VN:SSI	$2.38 Billion
Cecep Environmental Protection Equipment Co Ltd SHE:300140	$2.38 Billion
Mr Price Group Ltd JSE:MRP	$2.38 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 17,569,435,000 to 18,578,685,951, a change of 1,009,250,951 (5.7%).
Net income of 1,609,225,714 contributed positively to equity growth.
Dividend payments of 832,923,275 reduced retained earnings.
Other comprehensive income decreased equity by 938,431,000.
Other factors increased equity by 1,171,379,511.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.61 Billion	+8.66%
Dividends Paid	CN¥832.92 Million	-4.48%
Other Comprehensive Income	CN¥-938.43 Million	-5.05%
Other Changes	CN¥1.17 Billion	+6.3%
Total Change	CN¥-	5.74%

Book Value vs Market Value Analysis

This analysis compares Guangxi Liugong 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: 0.88x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 48.37x to 0.88x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1992-12-31	CN¥0.17	CN¥8.00	x
1993-12-31	CN¥0.54	CN¥8.00	x
1994-12-31	CN¥0.53	CN¥8.00	x
1995-12-31	CN¥0.61	CN¥8.00	x
1996-12-31	CN¥0.64	CN¥8.00	x
1997-12-31	CN¥0.66	CN¥8.00	x
1998-12-31	CN¥0.62	CN¥8.00	x
1999-12-31	CN¥0.63	CN¥8.00	x
2000-12-31	CN¥0.63	CN¥8.00	x
2001-12-31	CN¥0.63	CN¥8.00	x
2002-12-31	CN¥0.69	CN¥8.00	x
2003-12-31	CN¥0.90	CN¥8.00	x
2004-12-31	CN¥1.35	CN¥8.00	x
2005-12-31	CN¥1.45	CN¥8.00	x
2006-12-31	CN¥1.72	CN¥8.00	x
2007-12-31	CN¥2.20	CN¥8.00	x
2008-12-31	CN¥2.55	CN¥8.00	x
2009-12-31	CN¥3.28	CN¥8.00	x
2010-12-31	CN¥6.65	CN¥8.00	x
2011-12-31	CN¥6.34	CN¥8.00	x
2012-12-31	CN¥6.35	CN¥8.00	x
2013-12-31	CN¥6.32	CN¥8.00	x
2014-12-31	CN¥6.22	CN¥8.00	x
2015-12-31	CN¥6.06	CN¥8.00	x
2016-12-31	CN¥6.05	CN¥8.00	x
2017-12-31	CN¥6.55	CN¥8.00	x
2018-12-31	CN¥6.52	CN¥8.00	x
2019-12-31	CN¥7.02	CN¥8.00	x
2020-12-31	CN¥9.30	CN¥8.00	x
2021-12-31	CN¥7.87	CN¥8.00	x
2022-12-31	CN¥8.06	CN¥8.00	x
2023-12-31	CN¥7.80	CN¥8.00	x
2024-12-31	CN¥7.95	CN¥8.00	x
2025-12-31	CN¥9.13	CN¥8.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangxi Liugong 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): 8.66%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.86%
• Asset Turnover: 0.67x
• Equity Multiplier: 2.66x
Recent ROE (8.66%) is below the historical average (10.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1992	41.15%	14.54%	1.20x	2.35x	CN¥57.26 Million
1993	34.70%	20.94%	1.09x	1.53x	CN¥147.28 Million
1994	6.39%	6.62%	0.62x	1.55x	CN¥-21.28 Million
1995	5.75%	6.30%	0.57x	1.59x	CN¥-28.89 Million
1996	3.40%	3.78%	0.56x	1.61x	CN¥-46.66 Million
1997	3.38%	3.46%	0.59x	1.66x	CN¥-48.38 Million
1998	2.98%	2.63%	0.67x	1.70x	CN¥-48.71 Million
1999	0.36%	0.34%	0.63x	1.64x	CN¥-67.17 Million
2000	0.02%	0.02%	0.64x	1.72x	CN¥-69.68 Million
2001	2.86%	2.06%	0.78x	1.79x	CN¥-50.18 Million
2002	16.53%	7.64%	1.11x	1.95x	CN¥49.96 Million
2003	22.29%	8.97%	1.39x	1.78x	CN¥123.35 Million
2004	16.27%	6.94%	1.43x	1.63x	CN¥93.92 Million
2005	12.92%	5.12%	1.54x	1.64x	CN¥47.03 Million
2006	18.92%	6.97%	1.64x	1.66x	CN¥170.24 Million
2007	23.20%	7.53%	1.66x	1.86x	CN¥321.87 Million
2008	12.88%	3.67%	1.48x	2.38x	CN¥76.05 Million
2009	21.13%	8.50%	1.06x	2.33x	CN¥455.98 Million
2010	18.29%	10.05%	0.83x	2.20x	CN¥699.53 Million
2011	14.18%	7.39%	0.79x	2.44x	CN¥389.86 Million
2012	2.99%	2.20%	0.56x	2.43x	CN¥-651.17 Million
2013	3.59%	2.64%	0.56x	2.44x	CN¥-592.52 Million
2014	2.18%	1.93%	0.49x	2.29x	CN¥-711.17 Million
2015	0.24%	0.32%	0.33x	2.29x	CN¥-869.07 Million
2016	0.56%	0.70%	0.34x	2.33x	CN¥-835.38 Million
2017	3.62%	2.91%	0.52x	2.39x	CN¥-611.61 Million
2018	8.28%	4.37%	0.69x	2.74x	CN¥-164.31 Million
2019	9.83%	5.30%	0.64x	2.88x	CN¥-17.83 Million
2020	9.67%	5.54%	0.63x	2.76x	CN¥-48.78 Million
2021	6.48%	3.47%	0.71x	2.63x	CN¥-542.21 Million
2022	3.81%	2.26%	0.63x	2.68x	CN¥-975.40 Million
2023	5.25%	3.15%	0.59x	2.82x	CN¥-785.41 Million
2024	7.55%	4.41%	0.63x	2.73x	CN¥-429.90 Million
2025	8.66%	4.86%	0.67x	2.66x	CN¥-248.64 Million

Industry Comparison

This section compares Guangxi Liugong 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: $6,491,309,609
Average return on equity (ROE) among peers: 10.12%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangxi Liugong Machinery Co Ltd (000528)	CN¥20.17 Billion	41.15%	1.66x	$2.38 Billion
Zoomlion Heavy Industry Science and Technology Co Ltd (000157)	$27.47 Billion	16.98%	1.29x	$7.87 Billion
XCMG Construction Machinery Co Ltd (000425)	$1.19 Billion	2.08%	1.54x	$15.46 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 Guangxi Liugong Machinery Co Ltd

SHE:000528 China Farm & Heavy Construction Machinery

Market Cap

$2.38 Billion

CN¥16.29 Billion CNY

Market Cap Rank

#5747 Global

#1153 in China

Share Price

CN¥8.00

Change (1 day)

-2.20%

52-Week Range

CN¥8.00 - CN¥12.84

All Time High

CN¥13.38