ZheJiang RIFA Digital Precision Machinery Co Ltd
Zhejiang RIFA Precision Machinery Co., Ltd., together with its subsidiaries, manufactures and sells CNC machine tools in China and internationally. The company offers general tool machinery, including vertical and horizontal CNC lathes, vertical and horizontal machining centers, longmen machining centers, CNC horizontal boring machines, and automated production lines; and CNC grinders, such as be… Read more
ZheJiang RIFA Digital Precision Machinery Co Ltd (002520) - Net Assets
Latest net assets as of September 2025: CN¥258.82 Million CNY
Based on the latest financial reports, ZheJiang RIFA Digital Precision Machinery Co Ltd (002520) has net assets worth CN¥258.82 Million 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¥2.50 Billion) and total liabilities (CN¥2.24 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¥258.82 Million |
| % of Total Assets | 10.36% |
| Annual Growth Rate | 9.18% |
| 5-Year Change | -81.94% |
| 10-Year Change | -69.46% |
| Growth Volatility | 82.84 |
ZheJiang RIFA Digital Precision Machinery Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how ZheJiang RIFA Digital Precision 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 ZheJiang RIFA Digital Precision Machinery Co Ltd (2007–2024)
The table below shows the annual net assets of ZheJiang RIFA Digital Precision Machinery Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥523.29 Million | -58.63% |
| 2023-12-31 | CN¥1.26 Billion | -42.78% |
| 2022-12-31 | CN¥2.21 Billion | -37.08% |
| 2021-12-31 | CN¥3.51 Billion | +21.26% |
| 2020-12-31 | CN¥2.90 Billion | +1.39% |
| 2019-12-31 | CN¥2.86 Billion | -3.04% |
| 2018-12-31 | CN¥2.95 Billion | +64.25% |
| 2017-12-31 | CN¥1.79 Billion | +3.94% |
| 2016-12-31 | CN¥1.73 Billion | +0.75% |
| 2015-12-31 | CN¥1.71 Billion | +144.99% |
| 2014-12-31 | CN¥699.37 Million | +11.23% |
| 2013-12-31 | CN¥628.74 Million | -14.65% |
| 2012-12-31 | CN¥736.63 Million | -2.43% |
| 2011-12-31 | CN¥755.01 Million | +4.72% |
| 2010-12-31 | CN¥720.99 Million | +307.58% |
| 2009-12-31 | CN¥176.90 Million | +14.69% |
| 2008-12-31 | CN¥154.23 Million | +31.22% |
| 2007-12-31 | CN¥117.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to ZheJiang RIFA Digital Precision 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 4587.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥750.25 Million | 143.97% |
| Other Comprehensive Income | CN¥106.40 Million | 20.42% |
| Other Components | CN¥2.35 Billion | 450.70% |
| Total Equity | CN¥521.10 Million | 100.00% |
ZheJiang RIFA Digital Precision Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of ZheJiang RIFA Digital Precision Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ratnamani Metals & Tubes Limited
NSE:RATNAMANI
|
$399.32 Million |
|
Bannerman Energy Ltd
AU:BMN
|
$399.39 Million |
|
Johnson Service Group PLC
PINK:JSVGF
|
$399.48 Million |
|
Ho Chi Minh City Infrastructure Investment JSC
VN:CII
|
$399.60 Million |
|
Carter Bank and Trust
NASDAQ:CARE
|
$399.13 Million |
|
Hinova Pharmaceuticals Inc. A
SHG:688302
|
$399.12 Million |
|
Hangzhou Huawang New Material Technology Co.Ltd.
SHG:605377
|
$399.10 Million |
|
Baolingbao Biology Co Ltd
SHE:002286
|
$398.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ZheJiang RIFA Digital Precision Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,263,045,358 to 521,101,635, a change of -741,943,723 (-58.7%).
- Net loss of 675,340,894 reduced equity.
- Dividend payments of 64,967,268 reduced retained earnings.
- Share repurchases of 50,019,069 reduced equity.
- Other comprehensive income decreased equity by 16,583,760.
- Other factors increased equity by 64,967,268.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-675.34 Million | -129.6% |
| Dividends Paid | CN¥64.97 Million | -12.47% |
| Share Repurchases | CN¥50.02 Million | -9.6% |
| Other Comprehensive Income | CN¥-16.58 Million | -3.18% |
| Other Changes | CN¥64.97 Million | +12.47% |
| Total Change | CN¥- | -58.74% |
Book Value vs Market Value Analysis
This analysis compares ZheJiang RIFA Digital Precision 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: 9.62x
- 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 decreased from 20.03x to 9.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.32 | CN¥6.44 | x |
| 2008-12-31 | CN¥0.42 | CN¥6.44 | x |
| 2009-12-31 | CN¥0.48 | CN¥6.44 | x |
| 2010-12-31 | CN¥1.99 | CN¥6.44 | x |
| 2011-12-31 | CN¥1.55 | CN¥6.44 | x |
| 2012-12-31 | CN¥1.48 | CN¥6.44 | x |
| 2013-12-31 | CN¥1.34 | CN¥6.44 | x |
| 2014-12-31 | CN¥1.38 | CN¥6.44 | x |
| 2015-12-31 | CN¥2.93 | CN¥6.44 | x |
| 2016-12-31 | CN¥2.87 | CN¥6.44 | x |
| 2017-12-31 | CN¥3.25 | CN¥6.44 | x |
| 2018-12-31 | CN¥5.20 | CN¥6.44 | x |
| 2019-12-31 | CN¥3.89 | CN¥6.44 | x |
| 2020-12-31 | CN¥3.91 | CN¥6.44 | x |
| 2021-12-31 | CN¥4.52 | CN¥6.44 | x |
| 2022-12-31 | CN¥2.63 | CN¥6.44 | x |
| 2023-12-31 | CN¥1.58 | CN¥6.44 | x |
| 2024-12-31 | CN¥0.67 | CN¥6.44 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ZheJiang RIFA Digital Precision 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): -129.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -37.43%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 6.33x
- Recent ROE (-129.60%) is below the historical average (-7.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 35.22% | 18.60% | 0.88x | 2.16x | CN¥29.64 Million |
| 2008 | 23.79% | 19.96% | 0.75x | 1.59x | CN¥21.27 Million |
| 2009 | 21.49% | 18.74% | 0.67x | 1.70x | CN¥20.33 Million |
| 2010 | 6.85% | 18.61% | 0.30x | 1.24x | CN¥-22.68 Million |
| 2011 | 12.98% | 22.24% | 0.46x | 1.26x | CN¥22.52 Million |
| 2012 | 9.31% | 20.90% | 0.34x | 1.31x | CN¥-5.04 Million |
| 2013 | 1.33% | 3.32% | 0.26x | 1.56x | CN¥-53.76 Million |
| 2014 | 7.27% | 8.80% | 0.41x | 2.02x | CN¥-18.22 Million |
| 2015 | 2.39% | 5.15% | 0.32x | 1.47x | CN¥-125.94 Million |
| 2016 | 2.44% | 5.25% | 0.33x | 1.40x | CN¥-127.41 Million |
| 2017 | 3.27% | 5.69% | 0.38x | 1.50x | CN¥-117.84 Million |
| 2018 | 5.20% | 7.66% | 0.34x | 1.98x | CN¥-139.54 Million |
| 2019 | 6.18% | 8.16% | 0.37x | 2.04x | CN¥-109.11 Million |
| 2020 | 3.73% | 5.63% | 0.30x | 2.19x | CN¥-181.49 Million |
| 2021 | 1.45% | 2.33% | 0.30x | 2.07x | CN¥-299.94 Million |
| 2022 | -69.20% | -71.47% | 0.36x | 2.70x | CN¥-1.75 Billion |
| 2023 | -71.49% | -43.34% | 0.49x | 3.35x | CN¥-1.03 Billion |
| 2024 | -129.60% | -37.43% | 0.55x | 6.33x | CN¥-727.45 Million |
Industry Comparison
This section compares ZheJiang RIFA Digital Precision Machinery 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 |
|---|---|---|---|---|
| ZheJiang RIFA Digital Precision Machinery Co Ltd (002520) | CN¥258.82 Million | 35.22% | 8.66x | $399.28 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 |