Mesnac Co Ltd (002073) - Net Assets

Latest as of June 2026: CN¥6.86 Billion CNY ≈ $1.00 Billion USD

Based on the latest financial reports, Mesnac Co Ltd (002073) has net assets worth CN¥6.86 Billion CNY (≈ $1.00 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.15 Billion ≈ $3.10 Billion USD) and total liabilities (CN¥14.29 Billion ≈ $2.09 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 Mesnac Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.86 Billion
% of Total Assets	32.42%
Annual Growth Rate	19.51%
5-Year Change	42.55%
10-Year Change	38.46%
Growth Volatility	43.4

Mesnac Co Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Mesnac Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002073 market cap overview.

Annual Net Assets for Mesnac Co Ltd (2003–2025)

The table below shows the annual net assets of Mesnac Co Ltd from 2003 to 2025. Also explore Mesnac Co Ltd (002073) equity growth momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥6.73 Billion ≈ $984.82 Million	+7.48%
2024-12-31	CN¥6.26 Billion ≈ $916.31 Million	+12.96%
2023-12-31	CN¥5.54 Billion ≈ $811.19 Million	+8.83%
2022-12-31	CN¥5.09 Billion ≈ $745.35 Million	+7.89%
2021-12-31	CN¥4.72 Billion ≈ $690.85 Million	+4.42%
2020-12-31	CN¥4.52 Billion ≈ $661.60 Million	+1.67%
2019-12-31	CN¥4.45 Billion ≈ $650.71 Million	-1.81%
2018-12-31	CN¥4.53 Billion ≈ $662.70 Million	-6.72%
2017-12-31	CN¥4.85 Billion ≈ $710.44 Million	-0.12%
2016-12-31	CN¥4.86 Billion ≈ $711.26 Million	+8.98%
2015-12-31	CN¥4.46 Billion ≈ $652.66 Million	+27.48%
2014-12-31	CN¥3.50 Billion ≈ $511.98 Million	+5.69%
2013-12-31	CN¥3.31 Billion ≈ $484.41 Million	+4.66%
2012-12-31	CN¥3.16 Billion ≈ $462.83 Million	+7.89%
2011-12-31	CN¥2.93 Billion ≈ $428.99 Million	+23.10%
2010-12-31	CN¥2.38 Billion ≈ $348.50 Million	+15.98%
2009-12-31	CN¥2.05 Billion ≈ $300.49 Million	+75.75%
2008-12-31	CN¥1.17 Billion ≈ $170.98 Million	+23.12%
2007-12-31	CN¥949.03 Million ≈ $138.87 Million	+14.74%
2006-12-31	CN¥827.14 Million ≈ $121.04 Million	+204.87%
2005-12-31	CN¥271.31 Million ≈ $39.70 Million	+38.42%
2004-12-31	CN¥196.00 Million ≈ $28.68 Million	+46.86%
2003-12-31	CN¥133.46 Million ≈ $19.53 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Mesnac 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 5569.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥2.47 Billion	39.01%
Other Components	CN¥3.87 Billion	60.99%
Total Equity	CN¥6.34 Billion	100.00%

Mesnac Co Ltd Competitors by Market Cap

The table below lists competitors of Mesnac Co Ltd ranked by their market capitalization.

Company	Market Cap
VNDIRECT Securities Corp VN:VND	$856.00 Million
Chengdu XGimi Technology Co. Ltd. A SHG:688696	$856.37 Million
Pexa Group Ltd AU:PXA	$856.46 Million
Hna-Caissa Travel Group Co Ltd SHE:000796	$856.60 Million
Shenzhen Rapoo Technology SHE:002577	$855.56 Million
Aeva Technologies, Inc. Common Stock NASDAQ:AEVA	$855.27 Million
China West Construction Group Co Ltd SHE:002302	$855.26 Million
Suqian Unitech Corp. Ltd. Cl A SHG:603065	$855.25 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,938,152,668 to 6,339,043,599, a change of 400,890,931 (6.8%).
Net income of 403,096,345 contributed positively to equity growth.
Dividend payments of 211,773,267 reduced retained earnings.
Other comprehensive income decreased equity by 480,994,543.
Other factors increased equity by 690,562,397.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥403.10 Million	+6.36%
Dividends Paid	CN¥211.77 Million	-3.34%
Other Comprehensive Income	CN¥-480.99 Million	-7.59%
Other Changes	CN¥690.56 Million	+10.89%
Total Change	CN¥-	6.75%

Book Value vs Market Value Analysis

This analysis compares Mesnac 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: 0.92x
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 20.26x to 0.92x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥0.28	CN¥5.71	x
2004-12-31	CN¥0.41	CN¥5.71	x
2005-12-31	CN¥0.57	CN¥5.71	x
2006-12-31	CN¥1.59	CN¥5.71	x
2007-12-31	CN¥1.47	CN¥5.71	x
2008-12-31	CN¥1.81	CN¥5.71	x
2009-12-31	CN¥2.92	CN¥5.71	x
2010-12-31	CN¥3.18	CN¥5.71	x
2011-12-31	CN¥3.91	CN¥5.71	x
2012-12-31	CN¥4.19	CN¥5.71	x
2013-12-31	CN¥4.39	CN¥5.71	x
2014-12-31	CN¥4.71	CN¥5.71	x
2015-12-31	CN¥5.47	CN¥5.71	x
2016-12-31	CN¥5.44	CN¥5.71	x
2017-12-31	CN¥4.91	CN¥5.71	x
2018-12-31	CN¥4.57	CN¥5.71	x
2019-12-31	CN¥4.51	CN¥5.71	x
2020-12-31	CN¥4.61	CN¥5.71	x
2021-12-31	CN¥4.82	CN¥5.71	x
2022-12-31	CN¥4.96	CN¥5.71	x
2023-12-31	CN¥5.49	CN¥5.71	x
2024-12-31	CN¥5.94	CN¥5.71	x
2025-12-31	CN¥6.19	CN¥5.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Mesnac 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): 6.36%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.84%
• Asset Turnover: 0.40x
• Equity Multiplier: 3.24x
Recent ROE (6.36%) is below the historical average (9.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	40.57%	38.53%	0.53x	2.00x	CN¥40.80 Million
2004	31.72%	27.80%	0.53x	2.15x	CN¥42.47 Million
2005	25.88%	27.51%	0.42x	2.26x	CN¥42.72 Million
2006	10.76%	25.02%	0.28x	1.54x	CN¥6.26 Million
2007	14.09%	26.62%	0.30x	1.79x	CN¥38.86 Million
2008	19.18%	24.56%	0.44x	1.79x	CN¥107.23 Million
2009	14.37%	26.13%	0.40x	1.37x	CN¥89.57 Million
2010	15.70%	24.86%	0.37x	1.71x	CN¥135.45 Million
2011	15.61%	20.56%	0.41x	1.84x	CN¥163.75 Million
2012	6.68%	12.80%	0.25x	2.05x	CN¥-102.90 Million
2013	3.87%	5.06%	0.37x	2.05x	CN¥-201.66 Million
2014	5.52%	6.51%	0.37x	2.26x	CN¥-156.25 Million
2015	4.91%	8.33%	0.31x	1.89x	CN¥-217.27 Million
2016	-16.83%	-39.91%	0.23x	1.80x	CN¥-1.23 Billion
2017	2.01%	3.37%	0.33x	1.83x	CN¥-366.37 Million
2018	-7.32%	-11.33%	0.31x	2.06x	CN¥-740.30 Million
2019	1.85%	2.72%	0.36x	1.90x	CN¥-343.24 Million
2020	2.23%	3.09%	0.38x	1.92x	CN¥-331.56 Million
2021	3.19%	2.61%	0.50x	2.44x	CN¥-303.10 Million
2022	4.21%	3.53%	0.42x	2.85x	CN¥-278.46 Million
2023	6.30%	5.90%	0.35x	3.02x	CN¥-195.65 Million
2024	8.52%	7.05%	0.39x	3.13x	CN¥-87.64 Million
2025	6.36%	4.84%	0.40x	3.24x	CN¥-230.81 Million

Industry Comparison

This section compares Mesnac 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: $2,591,273,151
Average return on equity (ROE) among peers: -6.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Mesnac Co Ltd (002073)	CN¥6.86 Billion	40.57%	2.08x	$855.97 Million
Huayi Compressor Co Ltd (000404)	$83.42 Million	0.00%	1.93x	$697.65 Million
Shenyang Machine Tool Co Ltd (000410)	$2.26 Billion	-28.24%	8.87x	$1.96 Billion
North Industries Group Red Arrow Co Ltd (000519)	$10.46 Billion	0.40%	0.84x	$3.09 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$1.78 Billion	4.42%	0.52x	$451.69 Million
Changchai Co Ltd (000570)	$1.76 Billion	3.01%	0.63x	$421.21 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$548.85 Million	-73.31%	6.48x	$32.29 Million
Baota Industry Co Ltd (000595)	$292.46 Million	7.04%	2.58x	$873.10 Million
SUFA Technology Industry Co Ltd CNNC (000777)	$1.66 Billion	7.22%	0.76x	$924.07 Million
J.S. Corrugating Machinery Co Ltd (000821)	$738.00 Million	11.68%	0.18x	$673.57 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$6.33 Billion	0.84%	0.59x	$1.43 Billion

About Mesnac Co Ltd

SHE:002073 China Specialty Industrial Machinery

Market Cap

$855.97 Million

CN¥5.85 Billion CNY

Market Cap Rank

#9629 Global

#2452 in China

Share Price

CN¥5.71

Change (1 day)

+1.24%

52-Week Range

CN¥5.09 - CN¥9.12

All Time High

CN¥17.91