Canny Elevator Co Ltd
Canny Elevator Co., Ltd. engages in the research and development, manufacturing, production, sale, installation, repair, and maintenance of elevators in China. The company offers high speed, machine room less, panorama, hospital, freight, and home-use elevators; heavy-duty and public traffic type escalators; and moving walkways; as well as elevator accessories. It is involved in installation, mod… Read more
Canny Elevator Co Ltd (002367) - Net Assets
Latest net assets as of September 2025: CN¥3.63 Billion CNY
Based on the latest financial reports, Canny Elevator Co Ltd (002367) has net assets worth CN¥3.63 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¥7.47 Billion) and total liabilities (CN¥3.84 Billion). 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¥3.63 Billion |
| % of Total Assets | 48.61% |
| Annual Growth Rate | 17.9% |
| 5-Year Change | 17.39% |
| 10-Year Change | 49.84% |
| Growth Volatility | 63.77 |
Canny Elevator Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Canny Elevator 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 Canny Elevator Co Ltd (2006–2024)
The table below shows the annual net assets of Canny Elevator Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.55 Billion | +2.66% |
| 2023-12-31 | CN¥3.46 Billion | +6.97% |
| 2022-12-31 | CN¥3.23 Billion | +0.47% |
| 2021-12-31 | CN¥3.22 Billion | +6.41% |
| 2020-12-31 | CN¥3.02 Billion | +1.51% |
| 2019-12-31 | CN¥2.98 Billion | -6.53% |
| 2018-12-31 | CN¥3.18 Billion | -15.85% |
| 2017-12-31 | CN¥3.78 Billion | +7.49% |
| 2016-12-31 | CN¥3.52 Billion | +48.72% |
| 2015-12-31 | CN¥2.37 Billion | +15.29% |
| 2014-12-31 | CN¥2.05 Billion | +17.42% |
| 2013-12-31 | CN¥1.75 Billion | +7.11% |
| 2012-12-31 | CN¥1.63 Billion | +9.13% |
| 2011-12-31 | CN¥1.50 Billion | +18.45% |
| 2010-12-31 | CN¥1.26 Billion | +282.71% |
| 2009-12-31 | CN¥330.09 Million | +29.00% |
| 2008-12-31 | CN¥255.89 Million | +24.46% |
| 2007-12-31 | CN¥205.60 Million | +12.26% |
| 2006-12-31 | CN¥183.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canny Elevator 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 2298.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.07 Billion | 30.25% |
| Common Stock | CN¥798.79 Million | 22.59% |
| Other Components | CN¥1.67 Billion | 47.16% |
| Total Equity | CN¥3.54 Billion | 100.00% |
Canny Elevator Co Ltd Competitors by Market Cap
The table below lists competitors of Canny Elevator Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aeva Technologies, Inc. Common Stock
NASDAQ:AEVA
|
$418.95 Million |
|
Deppon Logistics Co Ltd
SHG:603056
|
$418.96 Million |
|
Auction Technology Group plc
OTCGREY:ATHGF
|
$418.96 Million |
|
Xiamen 35Com Tech
SHE:300051
|
$418.99 Million |
|
Changsha DIALINE New Material Sci & Tech Co Ltd
SHE:300700
|
$418.57 Million |
|
Motic Xiamen Electric Group Co Ltd
SHE:300341
|
$418.47 Million |
|
Raisio plc
F:RATV
|
$418.44 Million |
|
NEURONES SA NOM. EO 040
F:NE9
|
$418.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canny Elevator Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,446,168,000 to 3,536,223,000, a change of 90,055,000 (2.6%).
- Net income of 357,181,000 contributed positively to equity growth.
- Dividend payments of 279,142,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥357.18 Million | +10.1% |
| Dividends Paid | CN¥279.14 Million | -7.89% |
| Other Changes | CN¥12.02 Million | +0.34% |
| Total Change | CN¥- | 2.61% |
Book Value vs Market Value Analysis
This analysis compares Canny Elevator 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: 1.80x
- 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 29.92x to 1.80x 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¥0.27 | CN¥7.96 | x |
| 2007-12-31 | CN¥0.39 | CN¥7.96 | x |
| 2008-12-31 | CN¥0.47 | CN¥7.96 | x |
| 2009-12-31 | CN¥0.61 | CN¥7.96 | x |
| 2010-12-31 | CN¥1.87 | CN¥7.96 | x |
| 2011-12-31 | CN¥2.06 | CN¥7.96 | x |
| 2012-12-31 | CN¥2.15 | CN¥7.96 | x |
| 2013-12-31 | CN¥2.33 | CN¥7.96 | x |
| 2014-12-31 | CN¥2.74 | CN¥7.96 | x |
| 2015-12-31 | CN¥3.17 | CN¥7.96 | x |
| 2016-12-31 | CN¥4.60 | CN¥7.96 | x |
| 2017-12-31 | CN¥4.70 | CN¥7.96 | x |
| 2018-12-31 | CN¥3.96 | CN¥7.96 | x |
| 2019-12-31 | CN¥3.75 | CN¥7.96 | x |
| 2020-12-31 | CN¥3.81 | CN¥7.96 | x |
| 2021-12-31 | CN¥4.07 | CN¥7.96 | x |
| 2022-12-31 | CN¥4.09 | CN¥7.96 | x |
| 2023-12-31 | CN¥4.36 | CN¥7.96 | x |
| 2024-12-31 | CN¥4.43 | CN¥7.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canny Elevator 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): 10.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.75%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 2.12x
- Recent ROE (10.10%) is below the historical average (13.33%), 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 | 12.15% | 4.46% | 0.74x | 3.69x | CN¥3.04 Million |
| 2007 | 20.27% | 7.86% | 1.07x | 2.41x | CN¥21.06 Million |
| 2008 | 19.64% | 7.28% | 1.21x | 2.23x | CN¥24.66 Million |
| 2009 | 25.51% | 10.22% | 0.87x | 2.86x | CN¥51.20 Million |
| 2010 | 9.49% | 11.00% | 0.52x | 1.67x | CN¥-6.45 Million |
| 2011 | 10.10% | 9.43% | 0.67x | 1.61x | CN¥1.47 Million |
| 2012 | 11.45% | 10.25% | 0.69x | 1.62x | CN¥23.69 Million |
| 2013 | 16.10% | 12.47% | 0.75x | 1.73x | CN¥105.29 Million |
| 2014 | 19.85% | 14.26% | 0.75x | 1.86x | CN¥199.69 Million |
| 2015 | 20.89% | 14.95% | 0.81x | 1.73x | CN¥254.75 Million |
| 2016 | 12.15% | 12.80% | 0.64x | 1.49x | CN¥75.15 Million |
| 2017 | 8.69% | 9.94% | 0.58x | 1.50x | CN¥-49.05 Million |
| 2018 | 0.49% | 0.50% | 0.56x | 1.75x | CN¥-299.86 Million |
| 2019 | 8.54% | 6.87% | 0.63x | 1.97x | CN¥-43.13 Million |
| 2020 | 16.12% | 11.34% | 0.68x | 2.09x | CN¥184.21 Million |
| 2021 | 12.62% | 7.84% | 0.73x | 2.20x | CN¥84.12 Million |
| 2022 | 8.52% | 5.36% | 0.76x | 2.09x | CN¥-47.72 Million |
| 2023 | 10.59% | 7.25% | 0.68x | 2.15x | CN¥20.48 Million |
| 2024 | 10.10% | 8.75% | 0.55x | 2.12x | CN¥3.56 Million |
Industry Comparison
This section compares Canny Elevator 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: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canny Elevator Co Ltd (002367) | CN¥3.63 Billion | 12.15% | 1.06x | $418.91 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |