Sinomach Precision Industry Co Ltd (002046) - Net Assets

Latest as of March 2026: CN¥5.65 Billion CNY ≈ $826.44 Million USD

Based on the latest financial reports, Sinomach Precision Industry Co Ltd (002046) has net assets worth CN¥5.65 Billion CNY (≈ $826.44 Million 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¥8.14 Billion ≈ $1.19 Billion USD) and total liabilities (CN¥2.49 Billion ≈ $365.07 Million 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 002046 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥5.65 Billion
% of Total Assets	69.36%
Annual Growth Rate	21.71%
5-Year Change	87.28%
10-Year Change	151.78%
Growth Volatility	38.47

Sinomach Precision Industry Co Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Sinomach Precision Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002046 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Sinomach Precision Industry Co Ltd (2002–2025)

The table below shows the annual net assets of Sinomach Precision Industry Co Ltd from 2002 to 2025. For live valuation and market cap data, see Sinomach Precision Industry Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥5.65 Billion ≈ $826.24 Million	+50.37%
2024-12-31	CN¥3.75 Billion ≈ $549.47 Million	+11.26%
2023-12-31	CN¥3.37 Billion ≈ $493.85 Million	+5.69%
2022-12-31	CN¥3.19 Billion ≈ $467.26 Million	+5.91%
2021-12-31	CN¥3.01 Billion ≈ $441.19 Million	+3.34%
2020-12-31	CN¥2.92 Billion ≈ $426.92 Million	+2.39%
2019-12-31	CN¥2.85 Billion ≈ $416.95 Million	+0.93%
2018-12-31	CN¥2.82 Billion ≈ $413.11 Million	+27.20%
2017-12-31	CN¥2.22 Billion ≈ $324.78 Million	-1.03%
2016-12-31	CN¥2.24 Billion ≈ $328.16 Million	+83.98%
2015-12-31	CN¥1.22 Billion ≈ $178.37 Million	-11.55%
2014-12-31	CN¥1.38 Billion ≈ $201.65 Million	+28.81%
2013-12-31	CN¥1.07 Billion ≈ $156.55 Million	+4.91%
2012-12-31	CN¥1.02 Billion ≈ $149.23 Million	+69.12%
2011-12-31	CN¥602.99 Million ≈ $88.24 Million	+10.38%
2010-12-31	CN¥546.28 Million ≈ $79.94 Million	+7.39%
2009-12-31	CN¥508.67 Million ≈ $74.43 Million	+5.47%
2008-12-31	CN¥482.31 Million ≈ $70.58 Million	+44.87%
2007-12-31	CN¥332.93 Million ≈ $48.72 Million	+11.23%
2006-12-31	CN¥299.32 Million ≈ $43.80 Million	+9.24%
2005-12-31	CN¥274.00 Million ≈ $40.09 Million	+170.99%
2004-12-31	CN¥101.11 Million ≈ $14.80 Million	+26.49%
2003-12-31	CN¥79.94 Million ≈ $11.70 Million	+29.94%
2002-12-31	CN¥61.52 Million ≈ $9.00 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 8636.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.31 Billion	29.93%
Other Components	CN¥3.06 Billion	70.07%
Total Equity	CN¥4.37 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
Andon Health Co Ltd SHE:002432	$5.00 Billion
Victoria's Secret & Co NYSE:VSCO	$5.00 Billion
Alfa S.A.B. de C.V. MX:ALFAA	$5.00 Billion
Global-E Online Ltd NASDAQ:GLBE	$5.01 Billion
Sulzer AG SW:SUN	$4.99 Billion
Hannon Armstrong Sustainable Infrastructure Capital Inc NYSE:HASI	$4.99 Billion
Victory Capital Holdings Inc NASDAQ:VCTR	$4.99 Billion
Patanjali Foods Limited NSE:PATANJALI	$4.99 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 2024 to 2025, total equity changed from 3,478,068,019 to 4,370,367,139, a change of 892,299,120 (25.7%).
Net income of 260,342,823 contributed positively to equity growth.
Dividend payments of 132,336,349 reduced retained earnings.
Other factors increased equity by 764,292,646.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥260.34 Million	+5.96%
Dividends Paid	CN¥132.34 Million	-3.03%
Other Changes	CN¥764.29 Million	+17.49%
Total Change	CN¥-	25.66%

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: 7.82x
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 542.88x to 7.82x 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¥63.69	x
2003-12-31	CN¥0.15	CN¥63.69	x
2004-12-31	CN¥0.19	CN¥63.69	x
2005-12-31	CN¥1.17	CN¥63.69	x
2006-12-31	CN¥1.26	CN¥63.69	x
2007-12-31	CN¥1.39	CN¥63.69	x
2008-12-31	CN¥1.81	CN¥63.69	x
2009-12-31	CN¥1.94	CN¥63.69	x
2010-12-31	CN¥2.07	CN¥63.69	x
2011-12-31	CN¥2.27	CN¥63.69	x
2012-12-31	CN¥3.37	CN¥63.69	x
2013-12-31	CN¥3.62	CN¥63.69	x
2014-12-31	CN¥4.68	CN¥63.69	x
2015-12-31	CN¥3.55	CN¥63.69	x
2016-12-31	CN¥4.61	CN¥63.69	x
2017-12-31	CN¥4.54	CN¥63.69	x
2018-12-31	CN¥5.16	CN¥63.69	x
2019-12-31	CN¥5.16	CN¥63.69	x
2020-12-31	CN¥5.29	CN¥63.69	x
2021-12-31	CN¥5.50	CN¥63.69	x
2022-12-31	CN¥5.89	CN¥63.69	x
2023-12-31	CN¥6.22	CN¥63.69	x
2024-12-31	CN¥6.62	CN¥63.69	x
2025-12-31	CN¥8.15	CN¥63.69	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): 5.96%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 8.62%
• Asset Turnover: 0.38x
• Equity Multiplier: 1.83x
Recent ROE (5.96%) is below the historical average (7.27%), suggesting potential challenges in 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	10.43%	16.25%	0.54x	1.19x	CN¥1.29 Million
2007	10.83%	15.75%	0.57x	1.20x	CN¥2.70 Million
2008	7.11%	11.99%	0.42x	1.41x	CN¥-13.68 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	4.50%	6.90%	0.36x	1.82x	CN¥-117.02 Million
2017	0.78%	1.10%	0.40x	1.78x	CN¥-193.78 Million
2018	0.86%	1.11%	0.45x	1.72x	CN¥-244.90 Million
2019	1.02%	1.32%	0.45x	1.71x	CN¥-242.87 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	7.53%	6.79%	0.65x	1.70x	CN¥-76.33 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
2025	5.96%	8.62%	0.38x	1.83x	CN¥-176.69 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: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sinomach Precision Industry Co Ltd (002046)	CN¥5.65 Billion	25.25%	0.44x	$5.00 Billion
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About Sinomach Precision Industry Co Ltd

SHE:002046 China Specialty Industrial Machinery

Market Cap

$5.00 Billion

CN¥34.15 Billion CNY

Market Cap Rank

#3617 Global

#534 in China

Share Price

CN¥63.69

Change (1 day)

+2.71%

52-Week Range

CN¥15.66 - CN¥65.03

All Time High

CN¥65.03