Weihai Guangtai Airport Equipment Co Ltd (002111) - Net Assets

Latest as of September 2025: CN¥3.11 Billion CNY ≈ $455.53 Million USD

Based on the latest financial reports, Weihai Guangtai Airport Equipment Co Ltd (002111) has net assets worth CN¥3.11 Billion CNY (≈ $455.53 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.54 Billion ≈ $957.49 Million USD) and total liabilities (CN¥3.43 Billion ≈ $501.96 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 002111 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.11 Billion
% of Total Assets	47.58%
Annual Growth Rate	22.86%
5-Year Change	-4.0%
10-Year Change	53.49%
Growth Volatility	40.43

Weihai Guangtai Airport Equipment Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Weihai Guangtai Airport Equipment Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Weihai Guangtai Airport Equipment Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Weihai Guangtai Airport Equipment Co Ltd (2003–2024)

The table below shows the annual net assets of Weihai Guangtai Airport Equipment Co Ltd from 2003 to 2024. For live valuation and market cap data, see Weihai Guangtai Airport Equipment Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥3.14 Billion ≈ $459.65 Million	-2.56%
2023-12-31	CN¥3.22 Billion ≈ $471.71 Million	+5.10%
2022-12-31	CN¥3.07 Billion ≈ $448.82 Million	-6.71%
2021-12-31	CN¥3.29 Billion ≈ $481.08 Million	+0.48%
2020-12-31	CN¥3.27 Billion ≈ $478.80 Million	+10.30%
2019-12-31	CN¥2.97 Billion ≈ $434.09 Million	+5.13%
2018-12-31	CN¥2.82 Billion ≈ $412.89 Million	+5.64%
2017-12-31	CN¥2.67 Billion ≈ $390.86 Million	-3.90%
2016-12-31	CN¥2.78 Billion ≈ $406.72 Million	+35.82%
2015-12-31	CN¥2.05 Billion ≈ $299.45 Million	+63.18%
2014-12-31	CN¥1.25 Billion ≈ $183.51 Million	+7.41%
2013-12-31	CN¥1.17 Billion ≈ $170.85 Million	+6.15%
2012-12-31	CN¥1.10 Billion ≈ $160.95 Million	+6.83%
2011-12-31	CN¥1.03 Billion ≈ $150.65 Million	+83.62%
2010-12-31	CN¥560.69 Million ≈ $82.05 Million	+27.33%
2009-12-31	CN¥440.34 Million ≈ $64.43 Million	+11.22%
2008-12-31	CN¥395.93 Million ≈ $57.94 Million	+15.26%
2007-12-31	CN¥343.52 Million ≈ $50.27 Million	+173.13%
2006-12-31	CN¥125.77 Million ≈ $18.40 Million	+44.11%
2005-12-31	CN¥87.27 Million ≈ $12.77 Million	+30.94%
2004-12-31	CN¥66.65 Million ≈ $9.75 Million	+60.20%
2003-12-31	CN¥41.61 Million ≈ $6.09 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Weihai Guangtai Airport Equipment 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 11424.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.32 Billion	42.34%
Common Stock	CN¥532.00 Million	17.08%
Other Comprehensive Income	CN¥242.40 Million	7.78%
Other Components	CN¥1.02 Billion	32.79%
Total Equity	CN¥3.11 Billion	100.00%

Weihai Guangtai Airport Equipment Co Ltd Competitors by Market Cap

The table below lists competitors of Weihai Guangtai Airport Equipment Co Ltd ranked by their market capitalization.

Company	Market Cap
Ryerson Holding Corp NYSE:RYI	$858.13 Million
Changzhou Kaidi Electrical Inc SHG:605288	$858.36 Million
Shenzhen Topway Video Communication Co Ltd SHE:002238	$858.48 Million
Petrovietnam Camau Fertilizer VN:DCM	$858.87 Million
Republic Airways Holdings Inc NASDAQ:RJET	$857.33 Million
SEC Electric Mach Co Ltd SHG:603988	$857.33 Million
Yuhuan CNC Machine Tool Co Ltd SHE:002903	$856.89 Million
Guangdong Wencan Die Casting Co Ltd SHG:603348	$856.85 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,160,293,408 to 3,114,598,279, a change of -45,695,129 (-1.4%).
Net income of 74,624,606 contributed positively to equity growth.
Dividend payments of 109,021,282 reduced retained earnings.
Share repurchases of 75,099,394 reduced equity.
Other comprehensive income increased equity by 106,692,469.
Other factors decreased equity by 42,891,528.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥74.62 Million	+2.4%
Dividends Paid	CN¥109.02 Million	-3.5%
Share Repurchases	CN¥75.10 Million	-2.41%
Other Comprehensive Income	CN¥106.69 Million	+3.43%
Other Changes	CN¥-42.89 Million	-1.38%
Total Change	CN¥-	-1.45%

Book Value vs Market Value Analysis

This analysis compares Weihai Guangtai Airport Equipment 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: 1.88x
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 48.17x to 1.88x 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¥0.23	CN¥11.02	x
2004-12-31	CN¥0.37	CN¥11.02	x
2005-12-31	CN¥0.48	CN¥11.02	x
2006-12-31	CN¥0.47	CN¥11.02	x
2007-12-31	CN¥0.95	CN¥11.02	x
2008-12-31	CN¥1.07	CN¥11.02	x
2009-12-31	CN¥1.16	CN¥11.02	x
2010-12-31	CN¥1.51	CN¥11.02	x
2011-12-31	CN¥2.63	CN¥11.02	x
2012-12-31	CN¥2.56	CN¥11.02	x
2013-12-31	CN¥2.67	CN¥11.02	x
2014-12-31	CN¥2.90	CN¥11.02	x
2015-12-31	CN¥4.27	CN¥11.02	x
2016-12-31	CN¥5.17	CN¥11.02	x
2017-12-31	CN¥4.93	CN¥11.02	x
2018-12-31	CN¥5.20	CN¥11.02	x
2019-12-31	CN¥5.54	CN¥11.02	x
2020-12-31	CN¥6.08	CN¥11.02	x
2021-12-31	CN¥6.07	CN¥11.02	x
2022-12-31	CN¥5.67	CN¥11.02	x
2023-12-31	CN¥6.03	CN¥11.02	x
2024-12-31	CN¥5.86	CN¥11.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Weihai Guangtai Airport Equipment 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): 2.40%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.58%
• Asset Turnover: 0.45x
• Equity Multiplier: 2.07x
Recent ROE (2.40%) is below the historical average (11.83%), 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	22.56%	13.78%	0.68x	2.40x	CN¥5.23 Million
2004	25.70%	17.15%	0.61x	2.46x	CN¥10.47 Million
2005	28.44%	15.68%	0.64x	2.81x	CN¥16.09 Million
2006	27.86%	14.54%	0.90x	2.12x	CN¥22.46 Million
2007	15.39%	15.79%	0.60x	1.64x	CN¥18.50 Million
2008	16.68%	14.88%	0.61x	1.83x	CN¥26.18 Million
2009	11.95%	12.90%	0.46x	2.03x	CN¥8.19 Million
2010	12.33%	13.24%	0.42x	2.22x	CN¥12.67 Million
2011	7.34%	11.96%	0.40x	1.55x	CN¥-27.33 Million
2012	8.09%	10.96%	0.45x	1.66x	CN¥-20.97 Million
2013	8.02%	10.57%	0.42x	1.79x	CN¥-23.15 Million
2014	8.86%	10.95%	0.41x	2.00x	CN¥-14.29 Million
2015	8.36%	12.61%	0.40x	1.67x	CN¥-32.74 Million
2016	6.36%	10.84%	0.37x	1.57x	CN¥-96.56 Million
2017	4.35%	6.28%	0.40x	1.72x	CN¥-147.22 Million
2018	8.52%	10.74%	0.48x	1.66x	CN¥-40.70 Million
2019	11.35%	13.00%	0.53x	1.65x	CN¥39.54 Million
2020	11.87%	12.91%	0.52x	1.76x	CN¥60.27 Million
2021	1.98%	1.97%	0.59x	1.69x	CN¥-259.54 Million
2022	7.94%	10.23%	0.43x	1.79x	CN¥-62.26 Million
2023	3.98%	5.23%	0.40x	1.89x	CN¥-190.35 Million
2024	2.40%	2.58%	0.45x	2.07x	CN¥-236.84 Million

Industry Comparison

This section compares Weihai Guangtai Airport Equipment Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $4,201,766,283
Average return on equity (ROE) among peers: 11.09%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Weihai Guangtai Airport Equipment Co Ltd (002111)	CN¥3.11 Billion	22.56%	1.10x	$857.91 Million
Zoomlion Heavy Industry Science and Technology Co Ltd (000157)	$1.66 Billion	23.08%	1.16x	$8.26 Billion
XCMG Construction Machinery Co Ltd (000425)	$432.44 Million	9.34%	1.91x	$17.11 Billion
Guangxi Liugong Machinery Co Ltd (000528)	$17.17 Billion	3.49%	1.46x	$2.88 Billion
Shantui Construction Machinery Co Ltd (000680)	$5.54 Billion	19.91%	2.30x	$2.61 Billion
JiangSu JiangHuai Engine Co Ltd (000816)	$1.18 Billion	7.08%	1.44x	$683.93 Million
HBIS Resources Co Ltd (000923)	$134.08 Million	18.10%	1.91x	$1.60 Billion
Sinotruk Jinan Truck Co Ltd (000951)	$6.39 Billion	14.04%	3.23x	$3.76 Billion
Zhongtong Bus Holding Co Ltd (000957)	$547.44 Million	3.75%	1.51x	$1.04 Billion
Sunward Intelligent Equipment Co Ltd (002097)	$4.76 Billion	1.05%	3.39x	$1.56 Billion

About Weihai Guangtai Airport Equipment Co Ltd

SHE:002111 China Farm & Heavy Construction Machinery

Market Cap

$857.91 Million

CN¥5.86 Billion CNY

Market Cap Rank

#9819 Global

#2774 in China

Share Price

CN¥11.02

Change (1 day)

+4.55%

52-Week Range

CN¥9.18 - CN¥11.43

All Time High

CN¥72364.88