Shandong Weida Machinery Co Ltd
Shandong Weida Machinery Co., Ltd. engages in the manufacture and sale of drill chucks in China and internationally. The company offers various types of drill chucks, including keyless chuck, keyless chuck with lock, key-type drill chuck, keyless automatic duty drill, and accessories, as well as saw blades. It also provides precision castings, such as power tools accessories, machining products, … Read more
Shandong Weida Machinery Co Ltd (002026) - Net Assets
Latest net assets as of September 2025: CN¥3.79 Billion CNY
Based on the latest financial reports, Shandong Weida Machinery Co Ltd (002026) has net assets worth CN¥3.79 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¥4.72 Billion) and total liabilities (CN¥931.92 Million). 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¥3.79 Billion |
| % of Total Assets | 80.26% |
| Annual Growth Rate | 18.55% |
| 5-Year Change | 42.2% |
| 10-Year Change | 124.27% |
| Growth Volatility | 42.52 |
Shandong Weida Machinery Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Shandong Weida 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 Shandong Weida Machinery Co Ltd (2001–2024)
The table below shows the annual net assets of Shandong Weida Machinery Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.67 Billion | +6.11% |
| 2023-12-31 | CN¥3.45 Billion | +4.43% |
| 2022-12-31 | CN¥3.31 Billion | +5.82% |
| 2021-12-31 | CN¥3.13 Billion | +21.28% |
| 2020-12-31 | CN¥2.58 Billion | +10.53% |
| 2019-12-31 | CN¥2.33 Billion | -6.38% |
| 2018-12-31 | CN¥2.49 Billion | +6.03% |
| 2017-12-31 | CN¥2.35 Billion | +4.48% |
| 2016-12-31 | CN¥2.25 Billion | +37.59% |
| 2015-12-31 | CN¥1.63 Billion | +4.00% |
| 2014-12-31 | CN¥1.57 Billion | +122.38% |
| 2013-12-31 | CN¥706.68 Million | +5.54% |
| 2012-12-31 | CN¥669.57 Million | +9.26% |
| 2011-12-31 | CN¥612.80 Million | +9.00% |
| 2010-12-31 | CN¥562.20 Million | +6.51% |
| 2009-12-31 | CN¥527.82 Million | +4.74% |
| 2008-12-31 | CN¥503.91 Million | +2.95% |
| 2007-12-31 | CN¥489.47 Million | +7.43% |
| 2006-12-31 | CN¥455.61 Million | +5.08% |
| 2005-12-31 | CN¥433.58 Million | +3.30% |
| 2004-12-31 | CN¥419.72 Million | +178.07% |
| 2003-12-31 | CN¥150.94 Million | +24.25% |
| 2002-12-31 | CN¥121.48 Million | +66.12% |
| 2001-12-31 | CN¥73.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Weida 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 5271.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.49 Billion | 40.76% |
| Common Stock | CN¥445.67 Million | 12.23% |
| Other Comprehensive Income | CN¥290.09 Million | 7.96% |
| Other Components | CN¥1.42 Billion | 39.05% |
| Total Equity | CN¥3.64 Billion | 100.00% |
Shandong Weida Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Weida Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aktia Bank Oyj
LSE:0QF8
|
$504.24 Million |
|
EGing Photovoltaic Technology Co Ltd
SHG:600537
|
$504.28 Million |
|
Dianguang Explosion-proof Technology Co Ltd
SHE:002730
|
$504.46 Million |
|
Tungkong Inc
SHE:002117
|
$504.60 Million |
|
Juewei Food Co Ltd
SHG:603517
|
$504.12 Million |
|
EXP WORLD HLDG DL-00001
F:44Y
|
$504.06 Million |
|
Red Violet Inc
NASDAQ:RDVT
|
$504.06 Million |
|
Türkiye Sinai Kalkinma Bankasi A.S
OTCGREY:TRKYY
|
$504.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Weida Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,420,823,340 to 3,644,143,322, a change of 223,319,982 (6.5%).
- Net income of 300,026,866 contributed positively to equity growth.
- Dividend payments of 81,600,889 reduced retained earnings.
- Other comprehensive income increased equity by 31,394,673.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥300.03 Million | +8.23% |
| Dividends Paid | CN¥81.60 Million | -2.24% |
| Other Comprehensive Income | CN¥31.39 Million | +0.86% |
| Other Changes | CN¥-26.50 Million | -0.73% |
| Total Change | CN¥- | 6.53% |
Book Value vs Market Value Analysis
This analysis compares Shandong Weida 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: 1.67x
- 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 81.90x to 1.67x 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¥0.17 | CN¥13.59 | x |
| 2002-12-31 | CN¥0.25 | CN¥13.59 | x |
| 2003-12-31 | CN¥0.61 | CN¥13.59 | x |
| 2004-12-31 | CN¥1.78 | CN¥13.59 | x |
| 2005-12-31 | CN¥1.90 | CN¥13.59 | x |
| 2006-12-31 | CN¥1.99 | CN¥13.59 | x |
| 2007-12-31 | CN¥2.14 | CN¥13.59 | x |
| 2008-12-31 | CN¥2.21 | CN¥13.59 | x |
| 2009-12-31 | CN¥2.31 | CN¥13.59 | x |
| 2010-12-31 | CN¥2.49 | CN¥13.59 | x |
| 2011-12-31 | CN¥2.72 | CN¥13.59 | x |
| 2012-12-31 | CN¥2.93 | CN¥13.59 | x |
| 2013-12-31 | CN¥3.08 | CN¥13.59 | x |
| 2014-12-31 | CN¥5.40 | CN¥13.59 | x |
| 2015-12-31 | CN¥4.37 | CN¥13.59 | x |
| 2016-12-31 | CN¥5.61 | CN¥13.59 | x |
| 2017-12-31 | CN¥5.60 | CN¥13.59 | x |
| 2018-12-31 | CN¥5.91 | CN¥13.59 | x |
| 2019-12-31 | CN¥5.54 | CN¥13.59 | x |
| 2020-12-31 | CN¥6.08 | CN¥13.59 | x |
| 2021-12-31 | CN¥7.03 | CN¥13.59 | x |
| 2022-12-31 | CN¥7.35 | CN¥13.59 | x |
| 2023-12-31 | CN¥7.61 | CN¥13.59 | x |
| 2024-12-31 | CN¥8.14 | CN¥13.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Weida 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): 8.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.51%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.40x
- Recent ROE (8.23%) is below the historical average (8.59%), 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 | 22.18% | 12.82% | 1.06x | 1.62x | CN¥8.90 Million |
| 2002 | 21.99% | 11.52% | 0.94x | 2.04x | CN¥13.17 Million |
| 2003 | 20.71% | 9.85% | 1.01x | 2.09x | CN¥14.81 Million |
| 2004 | 7.85% | 10.81% | 0.53x | 1.36x | CN¥-8.70 Million |
| 2005 | 8.14% | 12.57% | 0.48x | 1.34x | CN¥-8.07 Million |
| 2006 | 6.80% | 10.76% | 0.51x | 1.23x | CN¥-14.56 Million |
| 2007 | 8.19% | 11.02% | 0.59x | 1.26x | CN¥-8.88 Million |
| 2008 | 5.81% | 7.60% | 0.64x | 1.20x | CN¥-21.13 Million |
| 2009 | 6.06% | 8.31% | 0.57x | 1.29x | CN¥-20.78 Million |
| 2010 | 8.04% | 9.38% | 0.64x | 1.34x | CN¥-11.04 Million |
| 2011 | 10.46% | 10.02% | 0.80x | 1.31x | CN¥2.83 Million |
| 2012 | 9.79% | 10.17% | 0.73x | 1.32x | CN¥-1.41 Million |
| 2013 | 6.49% | 6.39% | 0.69x | 1.47x | CN¥-24.78 Million |
| 2014 | 6.30% | 12.28% | 0.41x | 1.26x | CN¥-58.14 Million |
| 2015 | 4.90% | 9.66% | 0.41x | 1.24x | CN¥-83.40 Million |
| 2016 | 4.63% | 8.81% | 0.43x | 1.23x | CN¥-120.43 Million |
| 2017 | 5.36% | 8.54% | 0.50x | 1.26x | CN¥-108.89 Million |
| 2018 | 6.26% | 9.34% | 0.54x | 1.24x | CN¥-92.81 Million |
| 2019 | -5.19% | -7.67% | 0.55x | 1.24x | CN¥-353.64 Million |
| 2020 | 9.89% | 11.75% | 0.67x | 1.25x | CN¥-2.93 Million |
| 2021 | 12.14% | 11.37% | 0.68x | 1.57x | CN¥66.30 Million |
| 2022 | 6.31% | 8.37% | 0.49x | 1.54x | CN¥-120.73 Million |
| 2023 | 4.86% | 7.03% | 0.45x | 1.55x | CN¥-175.69 Million |
| 2024 | 8.23% | 13.51% | 0.43x | 1.40x | CN¥-64.39 Million |
Industry Comparison
This section compares Shandong Weida Machinery Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Weida Machinery Co Ltd (002026) | CN¥3.79 Billion | 22.18% | 0.25x | $504.17 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |