Shanghai STEP Electric Corp
Shanghai STEP Electric Corporation engages in the provision of elevator controller products in China and internationally. The company offers elevator control systems, elevator drive systems, door systems, traction machine, guiding systems, safety systems, elevator E-package, human machine interface, G-cloud, escalator control systems, MOD, and elevator cables; and Servo drive and motor, Mv Ac dri… Read more
Shanghai STEP Electric Corp (002527) - Net Assets
Latest net assets as of September 2025: CN¥1.25 Billion CNY
Based on the latest financial reports, Shanghai STEP Electric Corp (002527) has net assets worth CN¥1.25 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¥3.95 Billion) and total liabilities (CN¥2.70 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¥1.25 Billion |
| % of Total Assets | 31.67% |
| Annual Growth Rate | 9.88% |
| 5-Year Change | -61.89% |
| 10-Year Change | -44.24% |
| Growth Volatility | 60.03 |
Shanghai STEP Electric Corp - Net Assets Trend (2007–2024)
This chart illustrates how Shanghai STEP Electric Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai STEP Electric Corp (2007–2024)
The table below shows the annual net assets of Shanghai STEP Electric Corp from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.25 Billion | -18.48% |
| 2023-12-31 | CN¥1.53 Billion | -19.26% |
| 2022-12-31 | CN¥1.90 Billion | -48.00% |
| 2021-12-31 | CN¥3.65 Billion | +11.35% |
| 2020-12-31 | CN¥3.28 Billion | +1.44% |
| 2019-12-31 | CN¥3.23 Billion | -0.25% |
| 2018-12-31 | CN¥3.24 Billion | +8.79% |
| 2017-12-31 | CN¥2.98 Billion | +9.46% |
| 2016-12-31 | CN¥2.72 Billion | +21.43% |
| 2015-12-31 | CN¥2.24 Billion | +9.73% |
| 2014-12-31 | CN¥2.04 Billion | +31.37% |
| 2013-12-31 | CN¥1.55 Billion | +9.23% |
| 2012-12-31 | CN¥1.42 Billion | +12.73% |
| 2011-12-31 | CN¥1.26 Billion | +7.81% |
| 2010-12-31 | CN¥1.17 Billion | +248.01% |
| 2009-12-31 | CN¥336.31 Million | +16.26% |
| 2008-12-31 | CN¥289.27 Million | +14.95% |
| 2007-12-31 | CN¥251.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai STEP Electric Corp'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 1032.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥663.06 Million | 53.08% |
| Other Comprehensive Income | CN¥97.46 Million | 7.80% |
| Other Components | CN¥1.49 Billion | 119.22% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Shanghai STEP Electric Corp Competitors by Market Cap
The table below lists competitors of Shanghai STEP Electric Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freightways Limited
PINK:FTWYF
|
$926.90 Million |
|
Upbound Group Inc.
NASDAQ:UPBD
|
$927.18 Million |
|
Lingyun Ind
SHG:600480
|
$927.46 Million |
|
Uxi Unicomp Technology Co. Ltd. A
SHG:688531
|
$927.59 Million |
|
VusionGroup
PA:VU
|
$926.45 Million |
|
T1 Energy Inc.
NYSE:TE
|
$925.70 Million |
|
Champion Iron Limited
OTCQX:CIAFF
|
$925.38 Million |
|
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd
SHE:000552
|
$925.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai STEP Electric Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,532,144,863 to 1,249,070,121, a change of -283,074,742 (-18.5%).
- Net loss of 288,079,768 reduced equity.
- Dividend payments of 37,444,660 reduced retained earnings.
- Other comprehensive income decreased equity by 4,250,970.
- Other factors increased equity by 46,700,656.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-288.08 Million | -23.06% |
| Dividends Paid | CN¥37.44 Million | -3.0% |
| Other Comprehensive Income | CN¥-4.25 Million | -0.34% |
| Other Changes | CN¥46.70 Million | +3.74% |
| Total Change | CN¥- | -18.48% |
Book Value vs Market Value Analysis
This analysis compares Shanghai STEP Electric Corp'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: 7.74x
- 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 22.78x to 7.74x 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¥0.65 | CN¥14.77 | x |
| 2008-12-31 | CN¥0.75 | CN¥14.77 | x |
| 2009-12-31 | CN¥0.87 | CN¥14.77 | x |
| 2010-12-31 | CN¥3.00 | CN¥14.77 | x |
| 2011-12-31 | CN¥2.43 | CN¥14.77 | x |
| 2012-12-31 | CN¥2.69 | CN¥14.77 | x |
| 2013-12-31 | CN¥2.89 | CN¥14.77 | x |
| 2014-12-31 | CN¥3.71 | CN¥14.77 | x |
| 2015-12-31 | CN¥3.69 | CN¥14.77 | x |
| 2016-12-31 | CN¥4.45 | CN¥14.77 | x |
| 2017-12-31 | CN¥4.73 | CN¥14.77 | x |
| 2018-12-31 | CN¥4.28 | CN¥14.77 | x |
| 2019-12-31 | CN¥4.29 | CN¥14.77 | x |
| 2020-12-31 | CN¥4.37 | CN¥14.77 | x |
| 2021-12-31 | CN¥4.90 | CN¥14.77 | x |
| 2022-12-31 | CN¥2.89 | CN¥14.77 | x |
| 2023-12-31 | CN¥2.30 | CN¥14.77 | x |
| 2024-12-31 | CN¥1.91 | CN¥14.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai STEP Electric Corp 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): -23.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.58%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 3.35x
- Recent ROE (-23.06%) is below the historical average (1.83%), 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 | 29.65% | 19.05% | 0.91x | 1.71x | CN¥48.21 Million |
| 2008 | 20.93% | 17.33% | 0.82x | 1.48x | CN¥31.02 Million |
| 2009 | 19.39% | 15.69% | 0.84x | 1.47x | CN¥30.96 Million |
| 2010 | 6.94% | 15.96% | 0.38x | 1.15x | CN¥-35.26 Million |
| 2011 | 9.04% | 17.08% | 0.49x | 1.09x | CN¥-11.89 Million |
| 2012 | 9.68% | 16.11% | 0.52x | 1.16x | CN¥-4.48 Million |
| 2013 | 10.84% | 16.60% | 0.56x | 1.16x | CN¥12.89 Million |
| 2014 | 9.96% | 15.58% | 0.53x | 1.21x | CN¥-819.40K |
| 2015 | 8.68% | 12.58% | 0.44x | 1.56x | CN¥-28.84 Million |
| 2016 | 6.29% | 6.28% | 0.61x | 1.63x | CN¥-100.75 Million |
| 2017 | 4.65% | 4.04% | 0.54x | 2.11x | CN¥-158.57 Million |
| 2018 | -9.80% | -7.42% | 0.53x | 2.50x | CN¥-526.59 Million |
| 2019 | 2.01% | 1.52% | 0.56x | 2.39x | CN¥-212.70 Million |
| 2020 | 3.20% | 2.19% | 0.65x | 2.24x | CN¥-184.13 Million |
| 2021 | 4.89% | 3.52% | 0.66x | 2.10x | CN¥-156.72 Million |
| 2022 | -55.70% | -34.13% | 0.52x | 3.15x | CN¥-1.25 Billion |
| 2023 | -24.74% | -11.19% | 0.79x | 2.79x | CN¥-532.25 Million |
| 2024 | -23.06% | -8.58% | 0.80x | 3.35x | CN¥-412.99 Million |
Industry Comparison
This section compares Shanghai STEP Electric Corp's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai STEP Electric Corp (002527) | CN¥1.25 Billion | 29.65% | 2.16x | $926.68 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |