Xizi Clean Energy Equipment Manufacturing Co Ltd
Xizi Clean Energy Equipment Manufacturing Co., Ltd., together with its subsidiaries, manufactures and sells waste heat recovery boilers in China and internationally. It offers gas turbine waste heat boiler; dry quenching coke waste heat boilers; sintering machine waste heat boilers; cement kiln waste heat boilers; hot water boilers; and power station boilers, such as circulating fluidized bed boi… Read more
Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) - Net Assets
Latest net assets as of September 2025: CN¥5.79 Billion CNY
Based on the latest financial reports, Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) has net assets worth CN¥5.79 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¥14.74 Billion) and total liabilities (CN¥8.95 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¥5.79 Billion |
| % of Total Assets | 39.26% |
| Annual Growth Rate | 12.31% |
| 5-Year Change | 26.42% |
| 10-Year Change | 67.49% |
| Growth Volatility | 22.31 |
Xizi Clean Energy Equipment Manufacturing Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Xizi Clean Energy Equipment Manufacturing 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 Xizi Clean Energy Equipment Manufacturing Co Ltd (2007–2024)
The table below shows the annual net assets of Xizi Clean Energy Equipment Manufacturing Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.71 Billion | +8.27% |
| 2023-12-31 | CN¥4.35 Billion | +5.67% |
| 2022-12-31 | CN¥4.12 Billion | +2.61% |
| 2021-12-31 | CN¥4.01 Billion | +7.70% |
| 2020-12-31 | CN¥3.73 Billion | +6.93% |
| 2019-12-31 | CN¥3.49 Billion | +5.51% |
| 2018-12-31 | CN¥3.30 Billion | +2.26% |
| 2017-12-31 | CN¥3.23 Billion | +8.57% |
| 2016-12-31 | CN¥2.98 Billion | +5.76% |
| 2015-12-31 | CN¥2.81 Billion | -9.48% |
| 2014-12-31 | CN¥3.11 Billion | +2.96% |
| 2013-12-31 | CN¥3.02 Billion | +0.79% |
| 2012-12-31 | CN¥2.99 Billion | +9.24% |
| 2011-12-31 | CN¥2.74 Billion | +92.52% |
| 2010-12-31 | CN¥1.42 Billion | +27.59% |
| 2009-12-31 | CN¥1.12 Billion | +36.11% |
| 2008-12-31 | CN¥819.93 Million | +25.22% |
| 2007-12-31 | CN¥654.78 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Xizi Clean Energy Equipment Manufacturing 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 918.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.17 Billion | 51.42% |
| Common Stock | CN¥739.21 Million | 17.52% |
| Other Comprehensive Income | CN¥613.99 Million | 14.55% |
| Other Components | CN¥696.70 Million | 16.51% |
| Total Equity | CN¥4.22 Billion | 100.00% |
Xizi Clean Energy Equipment Manufacturing Co Ltd Competitors by Market Cap
The table below lists competitors of Xizi Clean Energy Equipment Manufacturing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China High-Speed Railway Technology
SHE:000008
|
$612.65 Million |
|
Guangzhou Ruoyuchen Information Tec
SHE:003010
|
$613.07 Million |
|
AcadeMedia AB (publ)
ST:ACAD
|
$613.28 Million |
|
Vitrolife AB
ST:VITR
|
$613.37 Million |
|
Engineers India Limited
NSE:ENGINERSIN
|
$612.24 Million |
|
Thungela Resources Limited
PINK:TNGRF
|
$611.86 Million |
|
Sellas Life Sciences Group Inc
NASDAQ:SLS
|
$611.31 Million |
|
WealthNavi Inc
PINK:WNAVF
|
$611.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xizi Clean Energy Equipment Manufacturing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,904,289,097 to 4,219,565,000, a change of 315,275,903 (8.1%).
- Net income of 439,787,630 contributed positively to equity growth.
- Dividend payments of 118,855,359 reduced retained earnings.
- Share repurchases of 10,797,013 reduced equity.
- Other comprehensive income increased equity by 415,385,722.
- Other factors decreased equity by 410,245,077.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥439.79 Million | +10.42% |
| Dividends Paid | CN¥118.86 Million | -2.82% |
| Share Repurchases | CN¥10.80 Million | -0.26% |
| Other Comprehensive Income | CN¥415.39 Million | +9.84% |
| Other Changes | CN¥-410.25 Million | -9.72% |
| Total Change | CN¥- | 8.08% |
Book Value vs Market Value Analysis
This analysis compares Xizi Clean Energy Equipment Manufacturing 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: 3.17x
- 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 19.25x to 3.17x 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¥0.92 | CN¥17.63 | x |
| 2008-12-31 | CN¥1.07 | CN¥17.63 | x |
| 2009-12-31 | CN¥1.38 | CN¥17.63 | x |
| 2010-12-31 | CN¥1.79 | CN¥17.63 | x |
| 2011-12-31 | CN¥3.37 | CN¥17.63 | x |
| 2012-12-31 | CN¥3.66 | CN¥17.63 | x |
| 2013-12-31 | CN¥3.57 | CN¥17.63 | x |
| 2014-12-31 | CN¥3.75 | CN¥17.63 | x |
| 2015-12-31 | CN¥3.42 | CN¥17.63 | x |
| 2016-12-31 | CN¥3.54 | CN¥17.63 | x |
| 2017-12-31 | CN¥4.00 | CN¥17.63 | x |
| 2018-12-31 | CN¥4.21 | CN¥17.63 | x |
| 2019-12-31 | CN¥4.57 | CN¥17.63 | x |
| 2020-12-31 | CN¥4.71 | CN¥17.63 | x |
| 2021-12-31 | CN¥5.06 | CN¥17.63 | x |
| 2022-12-31 | CN¥5.15 | CN¥17.63 | x |
| 2023-12-31 | CN¥5.01 | CN¥17.63 | x |
| 2024-12-31 | CN¥5.56 | CN¥17.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xizi Clean Energy Equipment Manufacturing 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): 10.42%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.83%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.56x
- Recent ROE (10.42%) is below the historical average (11.81%), 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 | 33.98% | 8.99% | 0.97x | 3.88x | CN¥143.26 Million |
| 2008 | 14.03% | 3.77% | 0.85x | 4.39x | CN¥28.29 Million |
| 2009 | 25.72% | 8.12% | 0.82x | 3.89x | CN¥140.97 Million |
| 2010 | 28.80% | 10.11% | 0.80x | 3.57x | CN¥218.34 Million |
| 2011 | 13.68% | 8.28% | 0.58x | 2.83x | CN¥88.38 Million |
| 2012 | 12.89% | 2.89% | 1.53x | 2.91x | CN¥75.96 Million |
| 2013 | 2.65% | 1.17% | 0.85x | 2.66x | CN¥-192.47 Million |
| 2014 | 2.67% | 2.25% | 0.45x | 2.62x | CN¥-194.04 Million |
| 2015 | -6.34% | -5.91% | 0.37x | 2.89x | CN¥-399.25 Million |
| 2016 | 7.34% | 7.08% | 0.36x | 2.91x | CN¥-69.48 Million |
| 2017 | 14.00% | 11.92% | 0.43x | 2.72x | CN¥119.19 Million |
| 2018 | 7.84% | 6.83% | 0.43x | 2.68x | CN¥-67.11 Million |
| 2019 | 11.26% | 9.32% | 0.42x | 2.86x | CN¥40.89 Million |
| 2020 | 15.24% | 9.63% | 0.51x | 3.08x | CN¥177.13 Million |
| 2021 | 11.55% | 6.39% | 0.47x | 3.83x | CN¥56.55 Million |
| 2022 | 5.51% | 2.78% | 0.46x | 4.31x | CN¥-166.14 Million |
| 2023 | 1.40% | 0.68% | 0.51x | 4.09x | CN¥-335.85 Million |
| 2024 | 10.42% | 6.83% | 0.43x | 3.56x | CN¥17.83 Million |
Industry Comparison
This section compares Xizi Clean Energy Equipment Manufacturing 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: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) | CN¥5.79 Billion | 33.98% | 1.55x | $612.56 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 |