Shandong Molong Petroleum Machinery Co Ltd (002490) - Net Assets

Latest as of September 2025: CN¥497.53 Million CNY ≈ $72.80 Million USD

Based on the latest financial reports, Shandong Molong Petroleum Machinery Co Ltd (002490) has net assets worth CN¥497.53 Million CNY (≈ $72.80 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.53 Billion ≈ $369.58 Million USD) and total liabilities (CN¥2.03 Billion ≈ $296.78 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 Shandong Molong Petroleum Machinery Co L liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥497.53 Million
% of Total Assets	19.7%
Annual Growth Rate	0.91%
5-Year Change	-72.7%
10-Year Change	-80.62%
Growth Volatility	36.39

Shandong Molong Petroleum Machinery Co Ltd - Net Assets Trend (2005–2024)

This chart illustrates how Shandong Molong Petroleum Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shandong Molong Petroleum Machinery Co L for the complete picture of this company's asset base.

Annual Net Assets for Shandong Molong Petroleum Machinery Co Ltd (2005–2024)

The table below shows the annual net assets of Shandong Molong Petroleum Machinery Co Ltd from 2005 to 2024. For live valuation and market cap data, see 002490 market cap.

Year	Net Assets	Change
2024-12-31	CN¥491.89 Million ≈ $71.98 Million	+46.96%
2023-12-31	CN¥334.70 Million ≈ $48.98 Million	-63.23%
2022-12-31	CN¥910.35 Million ≈ $133.21 Million	-33.05%
2021-12-31	CN¥1.36 Billion ≈ $198.97 Million	-24.52%
2020-12-31	CN¥1.80 Billion ≈ $263.63 Million	+0.70%
2019-12-31	CN¥1.79 Billion ≈ $261.78 Million	-11.18%
2018-12-31	CN¥2.01 Billion ≈ $294.73 Million	+4.29%
2017-12-31	CN¥1.93 Billion ≈ $282.61 Million	+2.42%
2016-12-31	CN¥1.89 Billion ≈ $275.93 Million	-25.71%
2015-12-31	CN¥2.54 Billion ≈ $371.40 Million	-7.71%
2014-12-31	CN¥2.75 Billion ≈ $402.45 Million	+0.52%
2013-12-31	CN¥2.74 Billion ≈ $400.38 Million	-7.35%
2012-12-31	CN¥2.95 Billion ≈ $432.16 Million	+3.52%
2011-12-31	CN¥2.85 Billion ≈ $417.48 Million	+4.00%
2010-12-31	CN¥2.74 Billion ≈ $401.42 Million	+108.83%
2009-12-31	CN¥1.31 Billion ≈ $192.23 Million	+18.34%
2008-12-31	CN¥1.11 Billion ≈ $162.43 Million	+32.18%
2007-12-31	CN¥839.78 Million ≈ $122.89 Million	+56.45%
2006-12-31	CN¥536.76 Million ≈ $78.55 Million	+29.56%
2005-12-31	CN¥414.29 Million ≈ $60.62 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shandong Molong Petroleum 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 decreased by 1223.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥797.85 Million	162.08%
Other Comprehensive Income	CN¥202.33 Million	41.10%
Other Components	CN¥961.67 Million	195.35%
Total Equity	CN¥492.27 Million	100.00%

Shandong Molong Petroleum Machinery Co Ltd Competitors by Market Cap

The table below lists competitors of Shandong Molong Petroleum Machinery Co Ltd ranked by their market capitalization.

Company	Market Cap
Nanjing Doron Technology Corp SHG:603528	$797.47 Million
YD More Investments Ltd TA:MRIN	$797.52 Million
Evergreen International Storage & Transport Corp TW:2607	$797.65 Million
Huawen Media Investment Corp SHE:000793	$797.87 Million
Bowhead Specialty Holdings Inc. NYSE:BOW	$797.28 Million
Metallus, Inc NYSE:MTUS	$797.16 Million
Hubei Radio and Television Information Network Co Ltd SHE:000665	$797.06 Million
Vontron Technology Co Ltd SHE:000920	$796.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Molong Petroleum Machinery Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 424,013,364 to 492,269,498, a change of 68,256,134 (16.1%).
Net loss of 43,699,833 reduced equity.
Dividend payments of 90,612,774 reduced retained earnings.
New share issuances of 100,000 increased equity.
Other comprehensive income increased equity by 205,634,106.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-43.70 Million	-8.88%
Dividends Paid	CN¥90.61 Million	-18.41%
Share Issuances	CN¥100.00K	+0.02%
Other Comprehensive Income	CN¥205.63 Million	+41.77%
Other Changes	CN¥-3.17 Million	-0.64%
Total Change	CN¥-	16.10%

Book Value vs Market Value Analysis

This analysis compares Shandong Molong Petroleum 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: 16.30x
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 14.93x to 16.30x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	CN¥0.67	CN¥10.06	x
2006-12-31	CN¥0.82	CN¥10.06	x
2007-12-31	CN¥1.22	CN¥10.06	x
2008-12-31	CN¥1.60	CN¥10.06	x
2009-12-31	CN¥1.90	CN¥10.06	x
2010-12-31	CN¥3.94	CN¥10.06	x
2011-12-31	CN¥3.49	CN¥10.06	x
2012-12-31	CN¥3.66	CN¥10.06	x
2013-12-31	CN¥3.35	CN¥10.06	x
2014-12-31	CN¥3.99	CN¥10.06	x
2015-12-31	CN¥3.09	CN¥10.06	x
2016-12-31	CN¥2.29	CN¥10.06	x
2017-12-31	CN¥2.46	CN¥10.06	x
2018-12-31	CN¥2.44	CN¥10.06	x
2019-12-31	CN¥2.19	CN¥10.06	x
2020-12-31	CN¥2.23	CN¥10.06	x
2021-12-31	CN¥1.77	CN¥10.06	x
2022-12-31	CN¥1.24	CN¥10.06	x
2023-12-31	CN¥0.53	CN¥10.06	x
2024-12-31	CN¥0.62	CN¥10.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Molong Petroleum 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): -8.88%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.22%
• Asset Turnover: 0.56x
• Equity Multiplier: 4.92x
Recent ROE (-8.88%) is below the historical average (-6.11%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	20.78%	10.86%	0.82x	2.34x	CN¥44.21 Million
2006	26.37%	13.19%	0.73x	2.75x	CN¥86.54 Million
2007	25.26%	11.05%	0.80x	2.86x	CN¥121.02 Million
2008	29.13%	10.88%	0.84x	3.18x	CN¥200.84 Million
2009	21.43%	12.93%	0.64x	2.60x	CN¥143.08 Million
2010	10.28%	10.21%	0.59x	1.71x	CN¥7.55 Million
2011	6.02%	6.15%	0.58x	1.68x	CN¥-111.17 Million
2012	4.65%	4.55%	0.56x	1.83x	CN¥-154.68 Million
2013	-6.57%	-7.73%	0.39x	2.17x	CN¥-443.13 Million
2014	0.75%	0.80%	0.42x	2.24x	CN¥-249.20 Million
2015	-10.67%	-16.08%	0.28x	2.40x	CN¥-502.88 Million
2016	-33.67%	-40.00%	0.27x	3.17x	CN¥-794.38 Million
2017	2.03%	1.28%	0.48x	3.33x	CN¥-148.92 Million
2018	4.76%	2.08%	0.67x	3.40x	CN¥-101.93 Million
2019	-12.87%	-5.12%	0.77x	3.28x	CN¥-399.66 Million
2020	1.81%	1.07%	0.58x	2.91x	CN¥-145.90 Million
2021	-26.07%	-9.87%	0.84x	3.15x	CN¥-509.74 Million
2022	-43.01%	-15.37%	0.68x	4.09x	CN¥-523.77 Million
2023	-133.69%	-43.03%	0.46x	6.81x	CN¥-609.26 Million
2024	-8.88%	-3.22%	0.56x	4.92x	CN¥-92.93 Million

Industry Comparison

This section compares Shandong Molong Petroleum Machinery Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.

Industry Context

Industry: Oil & Gas Equipment & Services
Average net assets among peers: $1,821,017,210
Average return on equity (ROE) among peers: 9.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Molong Petroleum Machinery Co Ltd (002490)	CN¥497.53 Million	20.78%	4.08x	$797.47 Million
Sinopec Oilfield Equipment Corp (000852)	$3.05 Billion	1.71%	2.26x	$1.02 Billion
Xinjiang Zhundong Petroleum (002207)	$586.52 Million	1.72%	0.46x	$263.44 Million
Yantai Jereh Oilfield Services Group Co Ltd (002353)	$8.14 Billion	14.74%	0.37x	$20.53 Billion
China Oil HBP Science & Technology Co Ltd (002554)	$209.11 Million	25.42%	0.69x	$681.13 Million
Zhejiang Renzhi Co Ltd (002629)	$32.77 Million	-44.83%	10.58x	$403.41 Million
Lanzhou Haimo Technologies Co (300084)	$79.42 Million	19.79%	0.54x	$878.59 Million
LandOcean Energy Services Co (300157)	$4.01 Billion	2.12%	0.43x	$632.16 Million
Tong Oil Tools (300164)	$118.51 Million	30.83%	0.86x	$1.16 Billion
Sino Geophysical (300191)	$153.30 Million	32.07%	0.12x	$2.03 Billion

About Shandong Molong Petroleum Machinery Co Ltd

SHE:002490 China Oil & Gas Equipment & Services

Market Cap

$797.47 Million

CN¥5.45 Billion CNY

Market Cap Rank

#10176 Global

#2919 in China

Share Price

CN¥10.06

Change (1 day)

+1.00%

52-Week Range

CN¥3.94 - CN¥13.24

All Time High

CN¥13.24