Shandong Longji Machinery Co Ltd
Shandong Longji Machinery Co.,Ltd, together with its subsidiaries, engages in the research, development, production, and sale of automotive brake components in China and internationally. The company offers brake rotors, drums, calipers, pads, hubs, and shoes, as well as heavy duty discs and drums, disc brake assemblies, wheels, and forging parts. It also provides castings and wooden furniture, pl… Read more
Shandong Longji Machinery Co Ltd (002363) - Net Assets
Latest net assets as of September 2025: CN¥2.17 Billion CNY
Based on the latest financial reports, Shandong Longji Machinery Co Ltd (002363) has net assets worth CN¥2.17 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.11 Billion) and total liabilities (CN¥936.23 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.17 Billion |
| % of Total Assets | 69.9% |
| Annual Growth Rate | 12.63% |
| 5-Year Change | -5.5% |
| 10-Year Change | 51.35% |
| Growth Volatility | 38.6 |
Shandong Longji Machinery Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shandong Longji Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Longji Machinery Co Ltd (2006–2024)
The table below shows the annual net assets of Shandong Longji Machinery Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.16 Billion | -0.62% |
| 2023-12-31 | CN¥2.17 Billion | -0.78% |
| 2022-12-31 | CN¥2.19 Billion | -1.84% |
| 2021-12-31 | CN¥2.23 Billion | -2.37% |
| 2020-12-31 | CN¥2.29 Billion | -5.78% |
| 2019-12-31 | CN¥2.43 Billion | +2.18% |
| 2018-12-31 | CN¥2.37 Billion | +3.00% |
| 2017-12-31 | CN¥2.31 Billion | +19.22% |
| 2016-12-31 | CN¥1.93 Billion | +35.48% |
| 2015-12-31 | CN¥1.43 Billion | +2.74% |
| 2014-12-31 | CN¥1.39 Billion | +4.17% |
| 2013-12-31 | CN¥1.33 Billion | +39.06% |
| 2012-12-31 | CN¥959.22 Million | +2.82% |
| 2011-12-31 | CN¥932.93 Million | +4.85% |
| 2010-12-31 | CN¥889.76 Million | +164.02% |
| 2009-12-31 | CN¥337.00 Million | +25.62% |
| 2008-12-31 | CN¥268.26 Million | +27.73% |
| 2007-12-31 | CN¥210.02 Million | -17.33% |
| 2006-12-31 | CN¥254.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Longji Machinery 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 93.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥230.60 Million | 10.91% |
| Common Stock | CN¥417.83 Million | 19.76% |
| Other Components | CN¥1.47 Billion | 69.34% |
| Total Equity | CN¥2.11 Billion | 100.00% |
Shandong Longji Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Longji Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Knight Therapeutics Inc
PINK:KHTRF
|
$270.15 Million |
|
Zhejiang Baida Precision Mnfg
SHG:603331
|
$270.21 Million |
|
Transport International Holdings Limited
F:KWO
|
$270.22 Million |
|
Miracll Chemicals Co Ltd
SHE:300848
|
$270.25 Million |
|
Henan Carve Electronics Technology Co. Ltd.
SHE:301182
|
$270.08 Million |
|
Bosung Power Technology Co. Ltd
KQ:006910
|
$270.01 Million |
|
Sinosteel Luonai Materials Technology Co. Ltd. A
SHG:688119
|
$270.01 Million |
|
Chang Lan Electric Technology Co Ltd
SHE:002879
|
$269.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Longji Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,122,671,889 to 2,114,575,761, a change of -8,096,128 (-0.4%).
- Net income of 46,978,006 contributed positively to equity growth.
- Dividend payments of 56,506,005 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥46.98 Million | +2.22% |
| Dividends Paid | CN¥56.51 Million | -2.67% |
| Other Changes | CN¥1.43 Million | +0.07% |
| Total Change | CN¥- | -0.38% |
Book Value vs Market Value Analysis
This analysis compares Shandong Longji Machinery 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: 1.69x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.43x to 1.69x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥19.28 | CN¥8.36 | x |
| 2007-12-31 | CN¥1.69 | CN¥8.36 | x |
| 2008-12-31 | CN¥1.06 | CN¥8.36 | x |
| 2009-12-31 | CN¥1.34 | CN¥8.36 | x |
| 2010-12-31 | CN¥3.12 | CN¥8.36 | x |
| 2011-12-31 | CN¥3.13 | CN¥8.36 | x |
| 2012-12-31 | CN¥3.76 | CN¥8.36 | x |
| 2013-12-31 | CN¥4.60 | CN¥8.36 | x |
| 2014-12-31 | CN¥4.32 | CN¥8.36 | x |
| 2015-12-31 | CN¥4.61 | CN¥8.36 | x |
| 2016-12-31 | CN¥4.94 | CN¥8.36 | x |
| 2017-12-31 | CN¥5.57 | CN¥8.36 | x |
| 2018-12-31 | CN¥5.40 | CN¥8.36 | x |
| 2019-12-31 | CN¥5.72 | CN¥8.36 | x |
| 2020-12-31 | CN¥5.20 | CN¥8.36 | x |
| 2021-12-31 | CN¥5.49 | CN¥8.36 | x |
| 2022-12-31 | CN¥5.15 | CN¥8.36 | x |
| 2023-12-31 | CN¥5.18 | CN¥8.36 | x |
| 2024-12-31 | CN¥4.95 | CN¥8.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Longji Machinery 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): 2.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.97%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.60x
- Recent ROE (2.22%) is below the historical average (7.58%), 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 | 18.79% | 9.06% | 0.80x | 2.60x | CN¥19.69 Million |
| 2007 | 30.23% | 8.75% | 0.86x | 4.01x | CN¥34.49 Million |
| 2008 | 23.88% | 7.47% | 1.08x | 2.96x | CN¥30.90 Million |
| 2009 | 21.53% | 7.43% | 0.90x | 3.23x | CN¥32.51 Million |
| 2010 | 5.93% | 5.35% | 0.58x | 1.90x | CN¥-33.96 Million |
| 2011 | 6.18% | 5.22% | 0.58x | 2.04x | CN¥-33.44 Million |
| 2012 | 4.26% | 3.80% | 0.52x | 2.14x | CN¥-51.77 Million |
| 2013 | 4.13% | 4.66% | 0.50x | 1.76x | CN¥-74.94 Million |
| 2014 | 3.47% | 3.67% | 0.54x | 1.77x | CN¥-85.38 Million |
| 2015 | 4.12% | 4.00% | 0.63x | 1.62x | CN¥-79.30 Million |
| 2016 | 3.24% | 4.09% | 0.54x | 1.46x | CN¥-125.45 Million |
| 2017 | 2.51% | 3.25% | 0.52x | 1.48x | CN¥-167.16 Million |
| 2018 | 3.52% | 4.27% | 0.55x | 1.49x | CN¥-149.44 Million |
| 2019 | 2.62% | 3.79% | 0.47x | 1.46x | CN¥-174.13 Million |
| 2020 | 2.12% | 2.95% | 0.49x | 1.45x | CN¥-175.13 Million |
| 2021 | 1.46% | 1.61% | 0.56x | 1.60x | CN¥-185.41 Million |
| 2022 | 2.14% | 2.00% | 0.64x | 1.68x | CN¥-167.76 Million |
| 2023 | 1.74% | 1.66% | 0.65x | 1.61x | CN¥-175.39 Million |
| 2024 | 2.22% | 1.97% | 0.71x | 1.60x | CN¥-164.48 Million |
Industry Comparison
This section compares Shandong Longji Machinery Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Longji Machinery Co Ltd (002363) | CN¥2.17 Billion | 18.79% | 0.43x | $270.09 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |