Sinomach Precision Industry Co Ltd

SHE:002046 China Specialty Industrial Machinery
Market Cap
$3.49 Billion
CN¥25.59 Billion CNY
Market Cap Rank
#5388 Global
#695 in China
Share Price
CN¥47.71
Change (1 day)
-0.93%
52-Week Range
CN¥12.85 - CN¥54.00
All Time High
CN¥54.00
Categories
Companies in China Specialty Industrial Machinery
About

Sinomach Precision Industry Group Co., Ltd. engages in the research, development, manufacture, and sale of bearings, abrasives, and grinding tools in China. It offers bearing products, bearing manufacturing equipment, electric spindle and spindle units, and bearing inspection and analysis, as well as industry standard formulation and revision, bearing industry training, bearing trade, and other s… Read more

Sinomach Precision Industry Co Ltd (002046) - Net Assets

Latest net assets as of September 2025: CN¥5.58 Billion CNY

Based on the latest financial reports, Sinomach Precision Industry Co Ltd (002046) has net assets worth CN¥5.58 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¥7.78 Billion) and total liabilities (CN¥2.19 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¥5.58 Billion
% of Total Assets 71.81%
Annual Growth Rate 20.55%
5-Year Change 28.71%
10-Year Change 208.06%
Growth Volatility 37.26

Sinomach Precision Industry Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Sinomach Precision Industry 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 Sinomach Precision Industry Co Ltd (2002–2024)

The table below shows the annual net assets of Sinomach Precision Industry Co Ltd from 2002 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.75 Billion +11.26%
2023-12-31 CN¥3.37 Billion +5.70%
2022-12-31 CN¥3.19 Billion +5.90%
2021-12-31 CN¥3.01 Billion +3.34%
2020-12-31 CN¥2.92 Billion +2.37%
2019-12-31 CN¥2.85 Billion +1.64%
2018-12-31 CN¥2.80 Billion +26.33%
2017-12-31 CN¥2.22 Billion +61.98%
2016-12-31 CN¥1.37 Billion +12.42%
2015-12-31 CN¥1.22 Billion -11.55%
2014-12-31 CN¥1.38 Billion +28.81%
2013-12-31 CN¥1.07 Billion +4.91%
2012-12-31 CN¥1.02 Billion +69.12%
2011-12-31 CN¥602.99 Million +10.38%
2010-12-31 CN¥546.28 Million +7.39%
2009-12-31 CN¥508.67 Million +41.64%
2008-12-31 CN¥359.14 Million +7.87%
2007-12-31 CN¥332.93 Million +11.98%
2006-12-31 CN¥297.31 Million +8.51%
2005-12-31 CN¥274.00 Million +170.99%
2004-12-31 CN¥101.11 Million +26.49%
2003-12-31 CN¥79.94 Million +29.94%
2002-12-31 CN¥61.52 Million --

Equity Component Analysis

This analysis shows how different components contribute to Sinomach Precision Industry 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 7807.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.18 Billion 34.04%
Common Stock CN¥528.96 Million 15.21%
Other Components CN¥1.77 Billion 50.75%
Total Equity CN¥3.48 Billion 100.00%

Sinomach Precision Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Sinomach Precision Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Chongqing Sanfeng Environment Group Corp Ltd
SHG:601827
 		$1.72 Billion
Jiamei Food Packaging Chuzhou Co
SHE:002969
 		$1.72 Billion
Nippon Life India Asset Management Limited
NSE:NAM-INDIA
 		$1.72 Billion
Shanghai Tunnel Engineering Co Ltd
SHG:600820
 		$1.72 Billion
Seazen Group Limited
PINK:SZENF
 		$1.72 Billion
Pengxin International Mining Co Ltd
SHG:600490
 		$1.72 Billion
Atkore International Group Inc
NYSE:ATKR
 		$1.72 Billion
Resorttrust Inc
F:5FY
 		$1.72 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sinomach Precision Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,270,844,875 to 3,478,068,019, a change of 207,223,144 (6.3%).
  • Net income of 279,803,897 contributed positively to equity growth.
  • Dividend payments of 126,441,824 reduced retained earnings.
  • Share repurchases of 1,665,589 reduced equity.
  • Other factors increased equity by 55,526,660.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥279.80 Million +8.04%
Dividends Paid CN¥126.44 Million -3.64%
Share Repurchases CN¥1.67 Million -0.05%
Other Changes CN¥55.53 Million +1.6%
Total Change CN¥- 6.34%

Book Value vs Market Value Analysis

This analysis compares Sinomach Precision Industry 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: 7.21x
  • 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 406.67x to 7.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CN¥0.12 CN¥47.71 x
2003-12-31 CN¥0.15 CN¥47.71 x
2004-12-31 CN¥0.19 CN¥47.71 x
2005-12-31 CN¥1.17 CN¥47.71 x
2006-12-31 CN¥1.26 CN¥47.71 x
2007-12-31 CN¥1.39 CN¥47.71 x
2008-12-31 CN¥1.34 CN¥47.71 x
2009-12-31 CN¥1.94 CN¥47.71 x
2010-12-31 CN¥2.07 CN¥47.71 x
2011-12-31 CN¥2.27 CN¥47.71 x
2012-12-31 CN¥3.37 CN¥47.71 x
2013-12-31 CN¥3.62 CN¥47.71 x
2014-12-31 CN¥4.68 CN¥47.71 x
2015-12-31 CN¥3.55 CN¥47.71 x
2016-12-31 CN¥2.96 CN¥47.71 x
2017-12-31 CN¥4.54 CN¥47.71 x
2018-12-31 CN¥5.12 CN¥47.71 x
2019-12-31 CN¥5.16 CN¥47.71 x
2020-12-31 CN¥5.29 CN¥47.71 x
2021-12-31 CN¥5.50 CN¥47.71 x
2022-12-31 CN¥5.89 CN¥47.71 x
2023-12-31 CN¥6.22 CN¥47.71 x
2024-12-31 CN¥6.62 CN¥47.71 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sinomach Precision Industry 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): 8.04%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.53%
  • • Asset Turnover: 0.43x
  • • Equity Multiplier: 1.78x
  • Recent ROE (8.04%) is above the historical average (7.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 25.25% 18.39% 0.65x 2.10x CN¥9.38 Million
2003 23.04% 17.40% 0.79x 1.69x CN¥10.43 Million
2004 20.94% 16.58% 0.75x 1.68x CN¥11.06 Million
2005 9.51% 15.67% 0.50x 1.20x CN¥-1.35 Million
2006 10.50% 16.25% 0.54x 1.19x CN¥1.49 Million
2007 10.83% 15.75% 0.57x 1.20x CN¥2.70 Million
2008 9.61% 11.99% 0.63x 1.28x CN¥-1.36 Million
2009 7.97% 11.01% 0.51x 1.43x CN¥-10.14 Million
2010 8.90% 9.17% 0.60x 1.61x CN¥-5.91 Million
2011 10.70% 10.38% 0.52x 2.00x CN¥4.18 Million
2012 6.41% 9.80% 0.35x 1.87x CN¥-36.21 Million
2013 3.60% 5.85% 0.32x 1.93x CN¥-67.85 Million
2014 1.28% 3.43% 0.22x 1.67x CN¥-119.39 Million
2015 -14.66% -42.02% 0.19x 1.84x CN¥-299.94 Million
2016 7.00% 6.90% 0.59x 1.71x CN¥-40.93 Million
2017 0.78% 1.10% 0.40x 1.78x CN¥-193.78 Million
2018 0.86% 1.11% 0.45x 1.72x CN¥-242.93 Million
2019 1.02% 1.32% 0.45x 1.71x CN¥-242.94 Million
2020 2.25% 2.64% 0.50x 1.71x CN¥-215.11 Million
2021 4.42% 3.83% 0.68x 1.71x CN¥-161.09 Million
2022 7.54% 6.79% 0.65x 1.70x CN¥-76.28 Million
2023 7.91% 9.30% 0.54x 1.58x CN¥-68.28 Million
2024 8.04% 10.53% 0.43x 1.78x CN¥-68.00 Million

Industry Comparison

This section compares Sinomach Precision Industry 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: $1,242,592,243
  • Average return on equity (ROE) among peers: 0.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sinomach Precision Industry Co Ltd (002046) CN¥5.58 Billion 25.25% 0.39x $1.72 Billion
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