Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) - Net Assets

Latest as of March 2026: CN¥6.19 Billion CNY ≈ $906.15 Million USD

Based on the latest financial reports, Xizi Clean Energy Equipment Manufacturing Co Ltd (002534) has net assets worth CN¥6.19 Billion CNY (≈ $906.15 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.27 Billion ≈ $2.09 Billion USD) and total liabilities (CN¥8.08 Billion ≈ $1.18 Billion 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 Xizi Clean Energy Equipment Manufacturin (002534) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.19 Billion
% of Total Assets	43.38%
Annual Growth Rate	13.23%
5-Year Change	52.81%
10-Year Change	106.17%
Growth Volatility	22.0

Xizi Clean Energy Equipment Manufacturing Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Xizi Clean Energy Equipment Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. See Xizi Clean Energy Equipment Manufacturin (002534) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Xizi Clean Energy Equipment Manufacturing Co Ltd (2007–2025)

The table below shows the annual net assets of Xizi Clean Energy Equipment Manufacturing Co Ltd from 2007 to 2025. For live valuation and market cap data, see market cap of Xizi Clean Energy Equipment Manufacturin.

Year	Net Assets	Change
2025-12-31	CN¥6.13 Billion ≈ $897.54 Million	+30.17%
2024-12-31	CN¥4.71 Billion ≈ $689.49 Million	+8.27%
2023-12-31	CN¥4.35 Billion ≈ $636.85 Million	+5.67%
2022-12-31	CN¥4.12 Billion ≈ $602.68 Million	+2.61%
2021-12-31	CN¥4.01 Billion ≈ $587.35 Million	+7.70%
2020-12-31	CN¥3.73 Billion ≈ $545.38 Million	+6.93%
2019-12-31	CN¥3.49 Billion ≈ $510.01 Million	+5.51%
2018-12-31	CN¥3.30 Billion ≈ $483.36 Million	+2.26%
2017-12-31	CN¥3.23 Billion ≈ $472.67 Million	+8.57%
2016-12-31	CN¥2.98 Billion ≈ $435.35 Million	+5.76%
2015-12-31	CN¥2.81 Billion ≈ $411.65 Million	-9.48%
2014-12-31	CN¥3.11 Billion ≈ $454.77 Million	+2.96%
2013-12-31	CN¥3.02 Billion ≈ $441.70 Million	+0.79%
2012-12-31	CN¥2.99 Billion ≈ $438.22 Million	+9.24%
2011-12-31	CN¥2.74 Billion ≈ $401.14 Million	+92.52%
2010-12-31	CN¥1.42 Billion ≈ $208.36 Million	+27.59%
2009-12-31	CN¥1.12 Billion ≈ $163.30 Million	+36.11%
2008-12-31	CN¥819.93 Million ≈ $119.98 Million	+25.22%
2007-12-31	CN¥654.78 Million ≈ $95.81 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 1038.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥2.42 Billion	43.22%
Other Components	CN¥3.18 Billion	56.78%
Total Equity	CN¥5.61 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
KCC Corporation KO:002380	$2.66 Billion
Jinko Power Technology Co Ltd SHG:601778	$2.66 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd SHE:000970	$2.66 Billion
Webull Corp NASDAQ:BULL	$2.66 Billion
COSCO SHIPPING Energy Transportation Co. Ltd F:HIFH	$2.66 Billion
Gansu Shangfeng Cement Co Ltd SHE:000672	$2.65 Billion
Ningbo Shuanglin Auto Parts SHE:300100	$2.65 Billion
China Merchants Securities Co. Ltd F:195H	$2.65 Billion

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 2024 to 2025, total equity changed from 4,219,565,000 to 5,608,481,807, a change of 1,388,916,807 (32.9%).
Net income of 436,577,648 contributed positively to equity growth.
Dividend payments of 161,440,101 reduced retained earnings.
Other comprehensive income decreased equity by 613,994,010.
Other factors increased equity by 1,727,773,269.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥436.58 Million	+7.78%
Dividends Paid	CN¥161.44 Million	-2.88%
Other Comprehensive Income	CN¥-613.99 Million	-10.95%
Other Changes	CN¥1.73 Billion	+30.81%
Total Change	CN¥-	32.92%

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: 3.24x
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 23.71x to 3.24x 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¥21.71	x
2008-12-31	CN¥1.07	CN¥21.71	x
2009-12-31	CN¥1.38	CN¥21.71	x
2010-12-31	CN¥1.79	CN¥21.71	x
2011-12-31	CN¥3.37	CN¥21.71	x
2012-12-31	CN¥3.66	CN¥21.71	x
2013-12-31	CN¥3.57	CN¥21.71	x
2014-12-31	CN¥3.75	CN¥21.71	x
2015-12-31	CN¥3.42	CN¥21.71	x
2016-12-31	CN¥3.54	CN¥21.71	x
2017-12-31	CN¥4.00	CN¥21.71	x
2018-12-31	CN¥4.21	CN¥21.71	x
2019-12-31	CN¥4.57	CN¥21.71	x
2020-12-31	CN¥4.71	CN¥21.71	x
2021-12-31	CN¥5.06	CN¥21.71	x
2022-12-31	CN¥5.15	CN¥21.71	x
2023-12-31	CN¥5.01	CN¥21.71	x
2024-12-31	CN¥5.56	CN¥21.71	x
2025-12-31	CN¥6.71	CN¥21.71	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): 7.78%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.99%
• Asset Turnover: 0.43x
• Equity Multiplier: 2.56x
Recent ROE (7.78%) is below the historical average (11.60%), 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
2025	7.78%	6.99%	0.43x	2.56x	CN¥-124.27 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: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xizi Clean Energy Equipment Manufacturing Co Ltd (002534)	CN¥6.19 Billion	33.98%	1.31x	$2.66 Billion
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About Xizi Clean Energy Equipment Manufacturing Co Ltd

SHE:002534 China Specialty Industrial Machinery

Market Cap

$2.66 Billion

CN¥18.15 Billion CNY

Market Cap Rank

#5404 Global

#1050 in China

Share Price

CN¥21.71

Change (1 day)

+1.45%

52-Week Range

CN¥10.96 - CN¥21.98

All Time High

CN¥32.63