Shandong Mining Machinery Group Co Ltd (002526) - Net Assets

Latest as of September 2025: CN¥3.29 Billion CNY ≈ $481.20 Million USD

Based on the latest financial reports, Shandong Mining Machinery Group Co Ltd (002526) has net assets worth CN¥3.29 Billion CNY (≈ $481.20 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¥5.33 Billion ≈ $780.54 Million USD) and total liabilities (CN¥2.05 Billion ≈ $299.35 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 002526 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.29 Billion
% of Total Assets	61.65%
Annual Growth Rate	15.1%
5-Year Change	14.28%
10-Year Change	79.17%
Growth Volatility	68.15

Shandong Mining Machinery Group Co Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Shandong Mining Machinery Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Mining Machinery Group Co Ltd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Shandong Mining Machinery Group Co Ltd (2007–2024)

The table below shows the annual net assets of Shandong Mining Machinery Group Co Ltd from 2007 to 2024. For live valuation and market cap data, see Shandong Mining Machinery Group Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥3.17 Billion ≈ $463.51 Million	+2.71%
2023-12-31	CN¥3.08 Billion ≈ $451.29 Million	+5.85%
2022-12-31	CN¥2.91 Billion ≈ $426.34 Million	+3.82%
2021-12-31	CN¥2.81 Billion ≈ $410.67 Million	+1.25%
2020-12-31	CN¥2.77 Billion ≈ $405.61 Million	+3.52%
2019-12-31	CN¥2.68 Billion ≈ $391.80 Million	+7.34%
2018-12-31	CN¥2.49 Billion ≈ $365.01 Million	+6.81%
2017-12-31	CN¥2.34 Billion ≈ $341.75 Million	+31.47%
2016-12-31	CN¥1.78 Billion ≈ $259.94 Million	+0.48%
2015-12-31	CN¥1.77 Billion ≈ $258.70 Million	-14.14%
2014-12-31	CN¥2.06 Billion ≈ $301.30 Million	+0.94%
2013-12-31	CN¥2.04 Billion ≈ $298.49 Million	+3.27%
2012-12-31	CN¥1.98 Billion ≈ $289.03 Million	+1.87%
2011-12-31	CN¥1.94 Billion ≈ $283.71 Million	+4.89%
2010-12-31	CN¥1.85 Billion ≈ $270.49 Million	+292.56%
2009-12-31	CN¥470.88 Million ≈ $68.90 Million	+17.15%
2008-12-31	CN¥401.96 Million ≈ $58.82 Million	+38.65%
2007-12-31	CN¥289.90 Million ≈ $42.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shandong Mining Machinery Group 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 541.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥902.80 Million	28.96%
Common Stock	CN¥1.78 Billion	57.20%
Other Comprehensive Income	CN¥14.13 Million	0.45%
Other Components	CN¥417.29 Million	13.39%
Total Equity	CN¥3.12 Billion	100.00%

Shandong Mining Machinery Group Co Ltd Competitors by Market Cap

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

Company	Market Cap
Shenzhen Lihexing Co. Ltd. SHE:301013	$863.65 Million
Jenkem Technology Co Ltd SHG:688356	$863.99 Million
Phu Nhuan Jewelry JSC VN:PNJ	$864.02 Million
Harim Holdings Co. Ltd KQ:003380	$864.77 Million
Shandong Huatai Paper Industry Shareholding Co Ltd SHG:600308	$863.45 Million
Controladora Vuela Compañía de Aviación S.A.B. de C.V MX:VOLARA	$863.43 Million
Shanghai Sanyou Medical Co Ltd SHG:688085	$863.20 Million
Xiangpiaopiao Food Co Ltd SHG:603711	$862.75 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,044,115,000 to 3,117,009,000, a change of 72,894,000 (2.4%).
Net income of 113,445,000 contributed positively to equity growth.
Dividend payments of 50,679,000 reduced retained earnings.
Other comprehensive income increased equity by 1,691,323.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥113.44 Million	+3.64%
Dividends Paid	CN¥50.68 Million	-1.63%
Other Comprehensive Income	CN¥1.69 Million	+0.05%
Other Changes	CN¥8.44 Million	+0.27%
Total Change	CN¥-	2.39%

Book Value vs Market Value Analysis

This analysis compares Shandong Mining Machinery Group 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: 1.88x
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 10.98x to 1.88x 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¥0.30	CN¥3.31	x
2008-12-31	CN¥0.40	CN¥3.31	x
2009-12-31	CN¥0.45	CN¥3.31	x
2010-12-31	CN¥1.77	CN¥3.31	x
2011-12-31	CN¥2.46	CN¥3.31	x
2012-12-31	CN¥1.26	CN¥3.31	x
2013-12-31	CN¥1.27	CN¥3.31	x
2014-12-31	CN¥1.26	CN¥3.31	x
2015-12-31	CN¥1.10	CN¥3.31	x
2016-12-31	CN¥1.10	CN¥3.31	x
2017-12-31	CN¥1.48	CN¥3.31	x
2018-12-31	CN¥1.37	CN¥3.31	x
2019-12-31	CN¥1.48	CN¥3.31	x
2020-12-31	CN¥1.53	CN¥3.31	x
2021-12-31	CN¥1.55	CN¥3.31	x
2022-12-31	CN¥1.63	CN¥3.31	x
2023-12-31	CN¥1.77	CN¥3.31	x
2024-12-31	CN¥1.76	CN¥3.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Mining Machinery Group 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): 3.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.77%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.63x
Recent ROE (3.64%) is below the historical average (5.43%), 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	27.00%	10.29%	0.76x	3.46x	CN¥47.98 Million
2008	14.28%	6.62%	0.70x	3.08x	CN¥16.90 Million
2009	16.07%	7.05%	0.81x	2.82x	CN¥28.10 Million
2010	7.39%	10.32%	0.46x	1.55x	CN¥-47.97 Million
2011	7.46%	8.54%	0.58x	1.50x	CN¥-48.28 Million
2012	2.30%	2.76%	0.53x	1.56x	CN¥-149.38 Million
2013	2.33%	3.15%	0.43x	1.74x	CN¥-150.54 Million
2014	0.13%	0.18%	0.39x	1.93x	CN¥-192.45 Million
2015	-15.81%	-24.88%	0.37x	1.74x	CN¥-436.90 Million
2016	0.63%	1.25%	0.32x	1.57x	CN¥-159.47 Million
2017	3.13%	5.16%	0.45x	1.34x	CN¥-156.53 Million
2018	6.25%	8.14%	0.59x	1.30x	CN¥-91.60 Million
2019	7.20%	8.70%	0.64x	1.29x	CN¥-73.71 Million
2020	3.87%	5.05%	0.60x	1.27x	CN¥-167.00 Million
2021	2.21%	2.67%	0.62x	1.34x	CN¥-215.57 Million
2022	4.02%	4.80%	0.55x	1.52x	CN¥-171.51 Million
2023	5.64%	6.37%	0.56x	1.57x	CN¥-132.63 Million
2024	3.64%	4.77%	0.47x	1.63x	CN¥-198.26 Million

Industry Comparison

This section compares Shandong Mining Machinery Group 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: $2,004,947,424
Average return on equity (ROE) among peers: -24.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Mining Machinery Group Co Ltd (002526)	CN¥3.29 Billion	27.00%	0.62x	$863.51 Million
Huayi Compressor Co Ltd (000404)	$4.89 Billion	8.55%	1.57x	$843.29 Million
Shenyang Machine Tool Co Ltd (000410)	$824.03 Million	-170.30%	29.09x	$2.39 Billion
North Industries Group Red Arrow Co Ltd (000519)	$319.51 Million	4.81%	0.48x	$3.61 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$3.45 Billion	2.58%	0.60x	$520.37 Million
Changchai Co Ltd (000570)	$3.36 Billion	2.28%	0.55x	$522.04 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$327.45 Million	-65.69%	8.93x	$32.29 Million
Baota Industry Co Ltd (000595)	$746.32 Million	-18.39%	0.62x	$1.06 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$280.92 Million	8.98%	0.50x	$1.11 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.30 Billion	-22.46%	1.14x	$938.81 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$3.55 Billion	0.54%	0.80x	$1.66 Billion

About Shandong Mining Machinery Group Co Ltd

SHE:002526 China Specialty Industrial Machinery

Market Cap

$863.51 Million

CN¥5.90 Billion CNY

Market Cap Rank

#9788 Global

#2759 in China

Share Price

CN¥3.31

Change (1 day)

-1.19%

52-Week Range

CN¥3.20 - CN¥4.35

All Time High

CN¥5.81