Taier Heavy Industry Co Ltd (002347) - Net Assets
Based on the latest financial reports, Taier Heavy Industry Co Ltd (002347) has net assets worth CN¥1.21 Billion CNY (≈ $177.23 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.37 Billion ≈ $346.54 Million USD) and total liabilities (CN¥1.16 Billion ≈ $169.31 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 002347 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.21 Billion |
| % of Total Assets | 51.14% |
| Annual Growth Rate | 21.28% |
| 5-Year Change | 6.5% |
| 10-Year Change | 2.5% |
| Growth Volatility | 74.64 |
Taier Heavy Industry Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Taier Heavy Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Taier Heavy Industry Co Ltd (002347) total assets for the complete picture of this company's asset base.
Annual Net Assets for Taier Heavy Industry Co Ltd (2006–2024)
The table below shows the annual net assets of Taier Heavy Industry Co Ltd from 2006 to 2024. For live valuation and market cap data, see 002347 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.24 Billion ≈ $181.69 Million |
+1.69% |
| 2023-12-31 | CN¥1.22 Billion ≈ $178.67 Million |
-3.27% |
| 2022-12-31 | CN¥1.26 Billion ≈ $184.72 Million |
-8.14% |
| 2021-12-31 | CN¥1.37 Billion ≈ $201.09 Million |
+17.87% |
| 2020-12-31 | CN¥1.17 Billion ≈ $170.61 Million |
-0.86% |
| 2019-12-31 | CN¥1.18 Billion ≈ $172.09 Million |
+2.34% |
| 2018-12-31 | CN¥1.15 Billion ≈ $168.16 Million |
+1.33% |
| 2017-12-31 | CN¥1.13 Billion ≈ $165.96 Million |
-7.20% |
| 2016-12-31 | CN¥1.22 Billion ≈ $178.84 Million |
+0.89% |
| 2015-12-31 | CN¥1.21 Billion ≈ $177.27 Million |
+0.39% |
| 2014-12-31 | CN¥1.21 Billion ≈ $176.57 Million |
+30.22% |
| 2013-12-31 | CN¥926.60 Million ≈ $135.59 Million |
+8.32% |
| 2012-12-31 | CN¥855.44 Million ≈ $125.18 Million |
+1.39% |
| 2011-12-31 | CN¥843.72 Million ≈ $123.46 Million |
+5.11% |
| 2010-12-31 | CN¥802.67 Million ≈ $117.46 Million |
+293.62% |
| 2009-12-31 | CN¥203.92 Million ≈ $29.84 Million |
+28.60% |
| 2008-12-31 | CN¥158.57 Million ≈ $23.20 Million |
+53.02% |
| 2007-12-31 | CN¥103.63 Million ≈ $15.16 Million |
+169.09% |
| 2006-12-31 | CN¥38.51 Million ≈ $5.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Taier Heavy 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 157.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥60.57 Million | 5.02% |
| Other Components | CN¥1.15 Billion | 94.98% |
| Total Equity | CN¥1.21 Billion | 100.00% |
Taier Heavy Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Taier Heavy Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Natural Grocers by Vitamin Cottage Inc
NYSE:NGVC
|
$620.45 Million |
|
Guangdong Sanhe Pile Co Ltd
SHE:003037
|
$620.66 Million |
|
Asante Gold Corporation
F:1A9
|
$620.92 Million |
|
YIDU TECH INC. DL -00002
F:0EL
|
$621.36 Million |
|
Complete Logistic Services Bhd
KLSE:5136
|
$620.15 Million |
|
CCCG Real Estate Corp Ltd
SHE:000736
|
$619.87 Million |
|
Suprajit Engineering Limited
NSE:SUPRAJIT
|
$619.86 Million |
|
Tipco Asphalt Public Company Limited
F:NVP5
|
$619.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taier Heavy Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,192,350,249 to 1,207,827,404, a change of 15,477,155 (1.3%).
- Net income of 14,590,450 contributed positively to equity growth.
- Dividend payments of 3,135,946 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥14.59 Million | +1.21% |
| Dividends Paid | CN¥3.14 Million | -0.26% |
| Other Changes | CN¥4.02 Million | +0.33% |
| Total Change | CN¥- | 1.30% |
Book Value vs Market Value Analysis
This analysis compares Taier Heavy 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: 3.51x
- 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 increased from 3.34x to 3.51x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.52 | CN¥8.40 | x |
| 2018-12-31 | CN¥2.54 | CN¥8.40 | x |
| 2019-12-31 | CN¥2.58 | CN¥8.40 | x |
| 2020-12-31 | CN¥2.54 | CN¥8.40 | x |
| 2021-12-31 | CN¥2.65 | CN¥8.40 | x |
| 2022-12-31 | CN¥2.45 | CN¥8.40 | x |
| 2023-12-31 | CN¥2.36 | CN¥8.40 | x |
| 2024-12-31 | CN¥2.39 | CN¥8.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taier Heavy 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): 1.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.36%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.13x
- Recent ROE (1.21%) is below the historical average (9.04%), 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 | 39.21% | 13.93% | 0.69x | 4.05x | CN¥11.25 Million |
| 2007 | 43.29% | 25.18% | 0.61x | 2.81x | CN¥34.49 Million |
| 2008 | 39.57% | 24.61% | 0.59x | 2.71x | CN¥46.89 Million |
| 2009 | 30.97% | 20.20% | 0.64x | 2.40x | CN¥42.75 Million |
| 2010 | 6.09% | 17.35% | 0.27x | 1.32x | CN¥-31.38 Million |
| 2011 | 7.96% | 16.63% | 0.34x | 1.39x | CN¥-17.23 Million |
| 2012 | 4.99% | 10.49% | 0.33x | 1.44x | CN¥-42.78 Million |
| 2013 | 1.57% | 4.06% | 0.22x | 1.78x | CN¥-78.05 Million |
| 2014 | 0.70% | 2.26% | 0.22x | 1.41x | CN¥-112.17 Million |
| 2015 | 0.96% | 3.09% | 0.22x | 1.43x | CN¥-109.45 Million |
| 2016 | 0.82% | 2.74% | 0.20x | 1.47x | CN¥-112.10 Million |
| 2017 | -6.57% | -16.94% | 0.22x | 1.77x | CN¥-187.30 Million |
| 2018 | 1.76% | 2.69% | 0.34x | 1.95x | CN¥-93.98 Million |
| 2019 | 2.18% | 3.08% | 0.37x | 1.90x | CN¥-90.23 Million |
| 2020 | 2.33% | 3.26% | 0.39x | 1.81x | CN¥-87.19 Million |
| 2021 | 1.36% | 1.72% | 0.41x | 1.94x | CN¥-115.44 Million |
| 2022 | -3.11% | -3.56% | 0.43x | 2.06x | CN¥-162.26 Million |
| 2023 | -3.57% | -3.84% | 0.45x | 2.08x | CN¥-161.75 Million |
| 2024 | 1.21% | 1.36% | 0.42x | 2.13x | CN¥-106.19 Million |
Industry Comparison
This section compares Taier Heavy 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: $1,045,029,306
- Average return on equity (ROE) among peers: 8.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taier Heavy Industry Co Ltd (002347) | CN¥1.21 Billion | 39.21% | 0.96x | $620.37 Million |
| Huayi Compressor Co Ltd (000404) | $163.50 Million | 12.46% | 1.15x | $850.41 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.02 Billion | 11.53% | 19.97x | $2.37 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $3.67 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.09 Billion | 6.55% | 0.49x | $533.58 Million |
| Changchai Co Ltd (000570) | $766.60 Million | 7.09% | 1.54x | $544.00 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.87 Billion | 0.56% | 0.98x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $453.31 Million | 2.28% | 1.30x | $1.16 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $288.44 Million | 3.53% | 0.60x | $1.14 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $324.67 Million | 27.42% | 0.42x | $972.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $873.67 Million | 7.43% | 0.68x | $1.83 Billion |
About Taier Heavy Industry Co Ltd
Taier Heavy Industry Co., Ltd. designs, develops, manufactures, markets, and services metallurgical equipment and spare parts in China. The company provides universal joint shafts, gear couplings, shear blades, sliding plates, mandrels; and cold-rolled hot-dip galvanized shaft sleeve and bush, sink roll and stabilizing roll series, furnace roll, process roll, side guide, laminar colling roll, and… Read more