Shanghai SK Petroleum & Chemical Equipment Corp Ltd (002278) - Net Assets

Latest as of March 2026: CN¥1.56 Billion CNY ≈ $227.85 Million USD

Based on the latest financial reports, Shanghai SK Petroleum & Chemical Equipment Corp Ltd (002278) has net assets worth CN¥1.56 Billion CNY (≈ $227.85 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¥2.10 Billion ≈ $307.26 Million USD) and total liabilities (CN¥542.64 Million ≈ $79.41 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 002278 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥1.56 Billion
% of Total Assets 74.16%
Annual Growth Rate 12.48%
5-Year Change 32.17%
10-Year Change 37.85%
Growth Volatility 61.57

Shanghai SK Petroleum & Chemical Equipment Corp Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Shanghai SK Petroleum & Chemical Equipment Corp Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Shanghai SK Petroleum & Chemical Equipme to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanghai SK Petroleum & Chemical Equipment Corp Ltd (2006–2025)

The table below shows the annual net assets of Shanghai SK Petroleum & Chemical Equipment Corp Ltd from 2006 to 2025. For live valuation and market cap data, see market value of Shanghai SK Petroleum & Chemical Equipme.

Year Net Assets Change
2025-12-31 CN¥1.56 Billion
≈ $227.94 Million		 +27.51%
2024-12-31 CN¥1.22 Billion
≈ $178.76 Million		 +2.66%
2023-12-31 CN¥1.19 Billion
≈ $174.12 Million		 +3.59%
2022-12-31 CN¥1.15 Billion
≈ $168.09 Million		 -2.53%
2021-12-31 CN¥1.18 Billion
≈ $172.46 Million		 -2.59%
2020-12-31 CN¥1.21 Billion
≈ $177.06 Million		 +1.07%
2019-12-31 CN¥1.20 Billion
≈ $175.18 Million		 +1.86%
2018-12-31 CN¥1.18 Billion
≈ $171.98 Million		 +3.31%
2017-12-31 CN¥1.14 Billion
≈ $166.47 Million		 +0.68%
2016-12-31 CN¥1.13 Billion
≈ $165.35 Million		 -8.14%
2015-12-31 CN¥1.23 Billion
≈ $180.01 Million		 -0.99%
2014-12-31 CN¥1.24 Billion
≈ $181.80 Million		 +3.28%
2013-12-31 CN¥1.20 Billion
≈ $176.02 Million		 +1.99%
2012-12-31 CN¥1.18 Billion
≈ $172.59 Million		 -0.01%
2011-12-31 CN¥1.18 Billion
≈ $172.60 Million		 +6.34%
2010-12-31 CN¥1.11 Billion
≈ $162.31 Million		 +4.82%
2009-12-31 CN¥1.06 Billion
≈ $154.85 Million		 +277.19%
2008-12-31 CN¥280.55 Million
≈ $41.05 Million		 +34.62%
2007-12-31 CN¥208.40 Million
≈ $30.50 Million		 +25.06%
2006-12-31 CN¥166.64 Million
≈ $24.38 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai SK Petroleum & Chemical Equipment Corp 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 663.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥270.71 Million 19.12%
Other Components CN¥1.14 Billion 80.88%
Total Equity CN¥1.42 Billion 100.00%

Shanghai SK Petroleum & Chemical Equipment Corp Ltd Competitors by Market Cap

The table below lists competitors of Shanghai SK Petroleum & Chemical Equipment Corp Ltd ranked by their market capitalization.

Company Market Cap
Sygnity SA
WAR:SGN
 $469.31 Million
Wilson Bayly Holmes Ovcon Ltd
JSE:WBO
 $469.41 Million
The Star Entertainment Group Ltd
AU:SGR
 $469.55 Million
Tibet Aim Pharm Inc
SHE:002826
 $469.59 Million
Zhejiang Wandekai Fluid Equipment Technology Co. Ltd. A
SHE:301309
 $469.14 Million
Grand Korea Leisure Co. Ltd
KO:114090
 $469.07 Million
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
 $468.98 Million
Zhejiang Yilida Ventilator Co Ltd
SHE:002686
 $468.98 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai SK Petroleum & Chemical Equipment Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 1,124,521,672 to 1,415,664,560, a change of 291,142,888 (25.9%).
  • Net income of 55,913,629 contributed positively to equity growth.
  • Dividend payments of 24,863,543 reduced retained earnings.
  • Other factors increased equity by 260,092,801.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥55.91 Million +3.95%
Dividends Paid CN¥24.86 Million -1.76%
Other Changes CN¥260.09 Million +18.37%
Total Change CN¥- 25.89%

Book Value vs Market Value Analysis

This analysis compares Shanghai SK Petroleum & Chemical Equipment Corp 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: 2.27x
  • 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 15.48x to 2.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 CN¥0.53 CN¥8.25 x
2007-12-31 CN¥0.80 CN¥8.25 x
2008-12-31 CN¥1.04 CN¥8.25 x
2009-12-31 CN¥3.35 CN¥8.25 x
2010-12-31 CN¥3.05 CN¥8.25 x
2011-12-31 CN¥3.22 CN¥8.25 x
2012-12-31 CN¥3.18 CN¥8.25 x
2013-12-31 CN¥3.24 CN¥8.25 x
2014-12-31 CN¥3.33 CN¥8.25 x
2015-12-31 CN¥3.62 CN¥8.25 x
2016-12-31 CN¥2.93 CN¥8.25 x
2017-12-31 CN¥2.93 CN¥8.25 x
2018-12-31 CN¥3.04 CN¥8.25 x
2019-12-31 CN¥3.12 CN¥8.25 x
2020-12-31 CN¥3.13 CN¥8.25 x
2021-12-31 CN¥3.09 CN¥8.25 x
2022-12-31 CN¥3.02 CN¥8.25 x
2023-12-31 CN¥3.10 CN¥8.25 x
2024-12-31 CN¥3.14 CN¥8.25 x
2025-12-31 CN¥3.63 CN¥8.25 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai SK Petroleum & Chemical Equipment Corp 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): 3.95%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.40%
  • • Asset Turnover: 0.39x
  • • Equity Multiplier: 1.57x
  • Recent ROE (3.95%) is below the historical average (7.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 26.55% 13.74% 0.79x 2.45x CN¥22.90 Million
2007 36.70% 17.94% 0.85x 2.42x CN¥55.64 Million
2008 32.66% 16.87% 0.87x 2.21x CN¥63.57 Million
2009 7.34% 18.22% 0.34x 1.18x CN¥-28.15 Million
2010 7.06% 17.69% 0.35x 1.15x CN¥-32.57 Million
2011 6.92% 13.11% 0.41x 1.29x CN¥-35.61 Million
2012 4.46% 6.87% 0.48x 1.35x CN¥-64.04 Million
2013 4.83% 7.41% 0.48x 1.36x CN¥-60.56 Million
2014 5.11% 9.06% 0.35x 1.59x CN¥-58.22 Million
2015 0.83% 1.58% 0.35x 1.49x CN¥-107.61 Million
2016 -10.23% -26.24% 0.26x 1.52x CN¥-215.85 Million
2017 0.99% 2.05% 0.33x 1.47x CN¥-96.57 Million
2018 2.69% 4.24% 0.43x 1.49x CN¥-80.71 Million
2019 3.85% 5.55% 0.48x 1.45x CN¥-69.51 Million
2020 2.49% 3.91% 0.42x 1.51x CN¥-85.59 Million
2021 3.88% 5.54% 0.44x 1.60x CN¥-67.84 Million
2022 -2.61% -4.62% 0.33x 1.69x CN¥-134.91 Million
2023 2.24% 3.30% 0.41x 1.64x CN¥-85.33 Million
2024 2.68% 4.12% 0.39x 1.68x CN¥-82.29 Million
2025 3.95% 6.40% 0.39x 1.57x CN¥-85.65 Million

Industry Comparison

This section compares Shanghai SK Petroleum & Chemical Equipment Corp 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
Shanghai SK Petroleum & Chemical Equipment Corp Ltd (002278) CN¥1.56 Billion 26.55% 0.35x $469.15 Million
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 Shanghai SK Petroleum & Chemical Equipment Corp Ltd

SHE:002278 China Specialty Industrial Machinery
Market Cap
$469.15 Million
CN¥3.21 Billion CNY
Market Cap Rank
#12736 Global
#3769 in China
Share Price
CN¥8.25
Change (1 day)
-0.36%
52-Week Range
CN¥8.06 - CN¥15.88
All Time High
CN¥22.40
Categories
Companies in China Specialty Industrial Machinery
About

Shanghai SK Petroleum & Chemical Equipment Corporation Ltd., together with its subsidiaries, engages in the research and development, and manufacture of petroleum and chemical equipment in China. The company offers mud logging units, chromatographs, sensors, special and drilling instruments, LWD's, GMWD's, and FMWD's. It also provides well logging tools, oil instruments, well control equipment, w… Read more