Taihai Manoir Nuclear Equipment Co Ltd (002366) - Net Assets
Based on the latest financial reports, Taihai Manoir Nuclear Equipment Co Ltd (002366) has net assets worth CN¥5.13 Billion CNY (≈ $751.29 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¥8.02 Billion ≈ $1.17 Billion USD) and total liabilities (CN¥2.89 Billion ≈ $422.26 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 tangible equity quality of Taihai Manoir Nuclear Equipment Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.13 Billion |
| % of Total Assets | 64.02% |
| Annual Growth Rate | 22.02% |
| 5-Year Change | 4403.19% |
| 10-Year Change | 154.95% |
| Growth Volatility | 1004.79 |
Taihai Manoir Nuclear Equipment Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Taihai Manoir Nuclear Equipment Co Ltd's net assets have evolved over time, based on quarterly financial data. See Taihai Manoir Nuclear Equipment Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Taihai Manoir Nuclear Equipment Co Ltd (2006–2025)
The table below shows the annual net assets of Taihai Manoir Nuclear Equipment Co Ltd from 2006 to 2025. For live valuation and market cap data, see Taihai Manoir Nuclear Equipment Co Ltd (002366) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.05 Billion ≈ $738.96 Million |
-1.82% |
| 2024-12-31 | CN¥5.14 Billion ≈ $752.62 Million |
-0.60% |
| 2023-12-31 | CN¥5.17 Billion ≈ $757.18 Million |
+0.11% |
| 2022-12-31 | CN¥5.17 Billion ≈ $756.36 Million |
+4509.22% |
| 2021-12-31 | CN¥112.14 Million ≈ $16.41 Million |
-88.48% |
| 2020-12-31 | CN¥973.06 Million ≈ $142.39 Million |
-60.96% |
| 2019-12-31 | CN¥2.49 Billion ≈ $364.75 Million |
-22.43% |
| 2018-12-31 | CN¥3.21 Billion ≈ $470.19 Million |
+7.88% |
| 2017-12-31 | CN¥2.98 Billion ≈ $435.84 Million |
+50.37% |
| 2016-12-31 | CN¥1.98 Billion ≈ $289.84 Million |
+33.09% |
| 2015-12-31 | CN¥1.49 Billion ≈ $217.78 Million |
+83.07% |
| 2014-12-31 | CN¥812.93 Million ≈ $118.96 Million |
+11.16% |
| 2013-12-31 | CN¥731.29 Million ≈ $107.01 Million |
-3.37% |
| 2012-12-31 | CN¥756.81 Million ≈ $110.75 Million |
-2.66% |
| 2011-12-31 | CN¥777.53 Million ≈ $113.78 Million |
+6.45% |
| 2010-12-31 | CN¥730.43 Million ≈ $106.88 Million |
+197.52% |
| 2009-12-31 | CN¥245.51 Million ≈ $35.93 Million |
+22.47% |
| 2008-12-31 | CN¥200.46 Million ≈ $29.33 Million |
+37.98% |
| 2007-12-31 | CN¥145.28 Million ≈ $21.26 Million |
+26.26% |
| 2006-12-31 | CN¥115.07 Million ≈ $16.84 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Taihai Manoir Nuclear 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 decreased by 1420.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥5.30 Billion | 116.16% |
| Total Equity | CN¥4.56 Billion | 100.00% |
Taihai Manoir Nuclear Equipment Co Ltd Competitors by Market Cap
The table below lists competitors of Taihai Manoir Nuclear Equipment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Guotai International Group Guomao Co Ltd
SHE:002091
|
$1.81 Billion |
|
Megaport Ltd
AU:MP1
|
$1.81 Billion |
|
Lotte Energy Materials Corporation
KO:020150
|
$1.81 Billion |
|
Shriram Pistons & Rings Limited
NSE:SHRIPISTON
|
$1.81 Billion |
|
Fagron NV
BR:FAGR
|
$1.81 Billion |
|
Berli Jucker PCL
BK:BJC
|
$1.81 Billion |
|
Zhejiang Jinke Peroxides Co Ltd
SHE:300459
|
$1.81 Billion |
|
Cimpress plc
F:3UF
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Taihai Manoir Nuclear Equipment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,636,335,296 to 4,559,103,665, a change of -77,231,631 (-1.7%).
- Net loss of 81,136,010 reduced equity.
- Dividend payments of 24,749,704 reduced retained earnings.
- Other comprehensive income decreased equity by 461,513,519.
- Other factors increased equity by 490,167,603.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-81.14 Million | -1.78% |
| Dividends Paid | CN¥24.75 Million | -0.54% |
| Other Comprehensive Income | CN¥-461.51 Million | -10.12% |
| Other Changes | CN¥490.17 Million | +10.75% |
| Total Change | CN¥- | -1.67% |
Book Value vs Market Value Analysis
This analysis compares Taihai Manoir Nuclear 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: 2.72x
- 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 10.08x to 2.72x 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¥0.59 | CN¥5.95 | x |
| 2007-12-31 | CN¥0.74 | CN¥5.95 | x |
| 2008-12-31 | CN¥1.00 | CN¥5.95 | x |
| 2009-12-31 | CN¥1.11 | CN¥5.95 | x |
| 2010-12-31 | CN¥2.92 | CN¥5.95 | x |
| 2011-12-31 | CN¥2.73 | CN¥5.95 | x |
| 2012-12-31 | CN¥2.70 | CN¥5.95 | x |
| 2013-12-31 | CN¥2.73 | CN¥5.95 | x |
| 2014-12-31 | CN¥1.38 | CN¥5.95 | x |
| 2015-12-31 | CN¥2.00 | CN¥5.95 | x |
| 2016-12-31 | CN¥2.04 | CN¥5.95 | x |
| 2017-12-31 | CN¥3.18 | CN¥5.95 | x |
| 2018-12-31 | CN¥3.47 | CN¥5.95 | x |
| 2019-12-31 | CN¥2.67 | CN¥5.95 | x |
| 2020-12-31 | CN¥0.95 | CN¥5.95 | x |
| 2021-12-31 | CN¥-0.02 | CN¥5.95 | x |
| 2022-12-31 | CN¥2.19 | CN¥5.95 | x |
| 2023-12-31 | CN¥2.23 | CN¥5.95 | x |
| 2024-12-31 | CN¥2.23 | CN¥5.95 | x |
| 2025-12-31 | CN¥2.19 | CN¥5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Taihai Manoir Nuclear 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): -1.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.96%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.72x
- Recent ROE (-1.78%) is below the historical average (3.01%), 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 | 41.52% | 13.94% | 1.70x | 1.75x | CN¥36.26 Million |
| 2007 | 38.05% | 10.70% | 1.82x | 1.95x | CN¥40.75 Million |
| 2008 | 27.53% | 11.92% | 1.36x | 1.70x | CN¥35.13 Million |
| 2009 | 30.57% | 15.54% | 1.06x | 1.86x | CN¥50.50 Million |
| 2010 | 8.68% | 9.76% | 0.73x | 1.21x | CN¥-9.67 Million |
| 2011 | 8.17% | 8.60% | 0.73x | 1.30x | CN¥-13.33 Million |
| 2012 | 4.46% | 5.33% | 0.62x | 1.35x | CN¥-40.03 Million |
| 2013 | 3.99% | 4.73% | 0.68x | 1.25x | CN¥-43.98 Million |
| 2014 | 25.03% | 34.93% | 0.16x | 4.41x | CN¥111.68 Million |
| 2015 | 1.25% | 4.47% | 0.09x | 3.06x | CN¥-123.30 Million |
| 2016 | 22.03% | 32.42% | 0.24x | 2.89x | CN¥214.23 Million |
| 2017 | 36.77% | 41.05% | 0.35x | 2.59x | CN¥738.24 Million |
| 2018 | 11.22% | 24.32% | 0.19x | 2.38x | CN¥36.62 Million |
| 2019 | -27.76% | -126.05% | 0.08x | 2.87x | CN¥-874.03 Million |
| 2020 | -182.53% | -340.03% | 0.08x | 7.04x | CN¥-1.58 Billion |
| 2021 | 0.00% | -205.19% | 0.08x | 0.00x | CN¥-836.07 Million |
| 2022 | 8.84% | 79.41% | 0.06x | 1.92x | CN¥-52.89 Million |
| 2023 | 4.39% | 27.38% | 0.09x | 1.79x | CN¥-261.12 Million |
| 2024 | -0.26% | -1.22% | 0.12x | 1.75x | CN¥-475.88 Million |
| 2025 | -1.78% | -8.96% | 0.12x | 1.72x | CN¥-537.05 Million |
Industry Comparison
This section compares Taihai Manoir Nuclear Equipment 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: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Taihai Manoir Nuclear Equipment Co Ltd (002366) | CN¥5.13 Billion | 41.52% | 0.56x | $1.81 Billion |
| 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 Taihai Manoir Nuclear Equipment Co Ltd
RongFa Nuclear Equipment Co., Ltd., through its subsidiaries, engages in the manufacturing of high-end equipment and machinery and minerals in China and internationally. The company offers nuclear power, reactor coolant circulation main pump casing, container and valve box forgings, nuclear power castings, petrochemical equipment, and large ring rolling products. It provides technical equipment, … Read more