Miracle Automation Engineering
Miracle Automation Engineering Co.Ltd provides intelligent equipment solutions and services in China and internationally. The company offers equipment for automobile manufacturing, intelligent storage, scrapped vehicle recycling, lithium battery recycling, new energy engineering, heavy industry manufacturing, and other industrial fields. It also provides consulting, design, manufacturing, install… Read more
Miracle Automation Engineering (002009) - Net Assets
Latest net assets as of September 2025: CN¥2.01 Billion CNY
Based on the latest financial reports, Miracle Automation Engineering (002009) has net assets worth CN¥2.01 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¥5.51 Billion) and total liabilities (CN¥3.50 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¥2.01 Billion |
| % of Total Assets | 36.43% |
| Annual Growth Rate | 17.55% |
| 5-Year Change | -7.07% |
| 10-Year Change | -3.15% |
| Growth Volatility | 47.46 |
Miracle Automation Engineering - Net Assets Trend (2001–2024)
This chart illustrates how Miracle Automation Engineering's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Miracle Automation Engineering (2001–2024)
The table below shows the annual net assets of Miracle Automation Engineering from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.94 Billion | -11.30% |
| 2023-12-31 | CN¥2.18 Billion | -5.16% |
| 2022-12-31 | CN¥2.30 Billion | +4.71% |
| 2021-12-31 | CN¥2.20 Billion | +5.51% |
| 2020-12-31 | CN¥2.08 Billion | -0.57% |
| 2019-12-31 | CN¥2.10 Billion | -16.29% |
| 2018-12-31 | CN¥2.50 Billion | +12.74% |
| 2017-12-31 | CN¥2.22 Billion | +2.65% |
| 2016-12-31 | CN¥2.16 Billion | +8.20% |
| 2015-12-31 | CN¥2.00 Billion | +25.13% |
| 2014-12-31 | CN¥1.60 Billion | +6.17% |
| 2013-12-31 | CN¥1.51 Billion | +100.39% |
| 2012-12-31 | CN¥751.11 Million | +2.96% |
| 2011-12-31 | CN¥729.53 Million | +0.68% |
| 2010-12-31 | CN¥724.58 Million | +48.63% |
| 2009-12-31 | CN¥487.51 Million | +6.00% |
| 2008-12-31 | CN¥459.91 Million | +15.13% |
| 2007-12-31 | CN¥399.45 Million | +17.20% |
| 2006-12-31 | CN¥340.82 Million | +14.71% |
| 2005-12-31 | CN¥297.11 Million | +8.57% |
| 2004-12-31 | CN¥273.65 Million | +216.75% |
| 2003-12-31 | CN¥86.39 Million | +33.13% |
| 2002-12-31 | CN¥64.90 Million | +38.16% |
| 2001-12-31 | CN¥46.97 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Miracle Automation Engineering'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 3679.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥417.55 Million | 21.57% |
| Common Stock | CN¥402.23 Million | 20.78% |
| Other Comprehensive Income | CN¥211.31 Million | 10.92% |
| Other Components | CN¥904.66 Million | 46.73% |
| Total Equity | CN¥1.94 Billion | 100.00% |
Miracle Automation Engineering Competitors by Market Cap
The table below lists competitors of Miracle Automation Engineering ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Centerspace
NYSE:CSR
|
$998.97 Million |
|
Robertet SA
PINK:RBTEF
|
$999.28 Million |
|
REalloys Inc.
NASDAQ:ALOY
|
$999.45 Million |
|
Strathcona Resources Ltd.
PINK:STHRF
|
$999.67 Million |
|
Thinkon Semiconductor Jinzhou Corp
SHG:688233
|
$998.86 Million |
|
NLC India Limited
NSE:NLCINDIA
|
$997.91 Million |
|
American Assets Trust Inc
NYSE:AAT
|
$997.50 Million |
|
Credito Emiliano S.p.A
F:EAO
|
$997.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Miracle Automation Engineering's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,110,091,136 to 1,935,750,330, a change of -174,340,806 (-8.3%).
- Net loss of 255,090,164 reduced equity.
- Dividend payments of 98,460,819 reduced retained earnings.
- Share repurchases of 70,002,245 reduced equity.
- Other comprehensive income increased equity by 211,306,109.
- Other factors increased equity by 37,906,313.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-255.09 Million | -13.18% |
| Dividends Paid | CN¥98.46 Million | -5.09% |
| Share Repurchases | CN¥70.00 Million | -3.62% |
| Other Comprehensive Income | CN¥211.31 Million | +10.92% |
| Other Changes | CN¥37.91 Million | +1.96% |
| Total Change | CN¥- | -8.26% |
Book Value vs Market Value Analysis
This analysis compares Miracle Automation Engineering'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: 5.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 203.74x to 5.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.12 | CN¥25.23 | x |
| 2002-12-31 | CN¥0.17 | CN¥25.23 | x |
| 2003-12-31 | CN¥0.23 | CN¥25.23 | x |
| 2004-12-31 | CN¥1.24 | CN¥25.23 | x |
| 2005-12-31 | CN¥1.32 | CN¥25.23 | x |
| 2006-12-31 | CN¥1.43 | CN¥25.23 | x |
| 2007-12-31 | CN¥1.67 | CN¥25.23 | x |
| 2008-12-31 | CN¥1.92 | CN¥25.23 | x |
| 2009-12-31 | CN¥2.01 | CN¥25.23 | x |
| 2010-12-31 | CN¥2.23 | CN¥25.23 | x |
| 2011-12-31 | CN¥2.44 | CN¥25.23 | x |
| 2012-12-31 | CN¥2.59 | CN¥25.23 | x |
| 2013-12-31 | CN¥4.69 | CN¥25.23 | x |
| 2014-12-31 | CN¥3.95 | CN¥25.23 | x |
| 2015-12-31 | CN¥4.78 | CN¥25.23 | x |
| 2016-12-31 | CN¥5.15 | CN¥25.23 | x |
| 2017-12-31 | CN¥5.36 | CN¥25.23 | x |
| 2018-12-31 | CN¥5.59 | CN¥25.23 | x |
| 2019-12-31 | CN¥5.45 | CN¥25.23 | x |
| 2020-12-31 | CN¥5.21 | CN¥25.23 | x |
| 2021-12-31 | CN¥5.64 | CN¥25.23 | x |
| 2022-12-31 | CN¥5.92 | CN¥25.23 | x |
| 2023-12-31 | CN¥5.54 | CN¥25.23 | x |
| 2024-12-31 | CN¥4.78 | CN¥25.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Miracle Automation Engineering 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): -13.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.62%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.02x
- Recent ROE (-13.18%) is below the historical average (7.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 24.47% | 12.30% | 0.85x | 2.33x | CN¥6.80 Million |
| 2002 | 26.78% | 12.38% | 0.75x | 2.89x | CN¥10.89 Million |
| 2003 | 24.83% | 10.71% | 0.73x | 3.17x | CN¥12.81 Million |
| 2004 | 8.03% | 7.68% | 0.59x | 1.78x | CN¥-5.37 Million |
| 2005 | 9.04% | 12.28% | 0.42x | 1.75x | CN¥-2.81 Million |
| 2006 | 8.35% | 10.36% | 0.36x | 2.24x | CN¥-5.25 Million |
| 2007 | 11.98% | 10.22% | 0.39x | 3.02x | CN¥7.29 Million |
| 2008 | 12.50% | 6.06% | 0.67x | 3.06x | CN¥10.47 Million |
| 2009 | 0.50% | 0.34% | 0.39x | 3.73x | CN¥-39.85 Million |
| 2010 | 15.72% | 7.29% | 0.42x | 5.12x | CN¥28.49 Million |
| 2011 | 6.97% | 2.40% | 0.51x | 5.66x | CN¥-16.15 Million |
| 2012 | 8.49% | 2.84% | 0.53x | 5.61x | CN¥-8.67 Million |
| 2013 | 3.20% | 2.45% | 0.45x | 2.93x | CN¥-90.90 Million |
| 2014 | 6.71% | 5.37% | 0.46x | 2.73x | CN¥-46.91 Million |
| 2015 | 5.65% | 4.54% | 0.47x | 2.63x | CN¥-75.93 Million |
| 2016 | 5.44% | 4.27% | 0.51x | 2.52x | CN¥-87.17 Million |
| 2017 | 4.29% | 3.45% | 0.46x | 2.69x | CN¥-112.89 Million |
| 2018 | 6.62% | 3.95% | 0.58x | 2.89x | CN¥-70.55 Million |
| 2019 | 3.57% | 2.28% | 0.54x | 2.91x | CN¥-129.90 Million |
| 2020 | 4.48% | 2.41% | 0.61x | 3.07x | CN¥-106.64 Million |
| 2021 | 7.26% | 3.99% | 0.61x | 3.00x | CN¥-56.99 Million |
| 2022 | 9.02% | 4.54% | 0.60x | 3.31x | CN¥-21.52 Million |
| 2023 | -19.67% | -11.48% | 0.56x | 3.08x | CN¥-625.99 Million |
| 2024 | -13.18% | -8.62% | 0.51x | 3.02x | CN¥-448.67 Million |
Industry Comparison
This section compares Miracle Automation Engineering's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Miracle Automation Engineering (002009) | CN¥2.01 Billion | 24.47% | 1.75x | $998.92 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |