Linzhou Heavy Machinery Group Co Ltd (002535) - Net Assets
Based on the latest financial reports, Linzhou Heavy Machinery Group Co Ltd (002535) has net assets worth CN¥604.37 Million CNY (≈ $88.44 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¥3.76 Billion ≈ $550.79 Million USD) and total liabilities (CN¥3.16 Billion ≈ $462.35 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 tangible net worth ratio of Linzhou Heavy Machinery Group Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥604.37 Million |
| % of Total Assets | 16.06% |
| Annual Growth Rate | 6.39% |
| 5-Year Change | 49.13% |
| 10-Year Change | -81.41% |
| Growth Volatility | 75.48 |
Linzhou Heavy Machinery Group Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Linzhou Heavy Machinery Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002535 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Linzhou Heavy Machinery Group Co Ltd (2007–2025)
The table below shows the annual net assets of Linzhou Heavy Machinery Group Co Ltd from 2007 to 2025. For live valuation and market cap data, see Linzhou Heavy Machinery Group Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥598.97 Million ≈ $87.65 Million |
-7.23% |
| 2024-12-31 | CN¥645.65 Million ≈ $94.48 Million |
+17.39% |
| 2023-12-31 | CN¥550.00 Million ≈ $80.48 Million |
+31.08% |
| 2022-12-31 | CN¥419.60 Million ≈ $61.40 Million |
+4.47% |
| 2021-12-31 | CN¥401.65 Million ≈ $58.77 Million |
-51.68% |
| 2020-12-31 | CN¥831.14 Million ≈ $121.62 Million |
+0.45% |
| 2019-12-31 | CN¥827.41 Million ≈ $121.08 Million |
-70.63% |
| 2018-12-31 | CN¥2.82 Billion ≈ $412.19 Million |
-3.83% |
| 2017-12-31 | CN¥2.93 Billion ≈ $428.59 Million |
-9.08% |
| 2016-12-31 | CN¥3.22 Billion ≈ $471.39 Million |
+8.05% |
| 2015-12-31 | CN¥2.98 Billion ≈ $436.28 Million |
+27.08% |
| 2014-12-31 | CN¥2.35 Billion ≈ $343.31 Million |
-1.00% |
| 2013-12-31 | CN¥2.37 Billion ≈ $346.78 Million |
+7.86% |
| 2012-12-31 | CN¥2.20 Billion ≈ $321.53 Million |
+18.98% |
| 2011-12-31 | CN¥1.85 Billion ≈ $270.24 Million |
+311.35% |
| 2010-12-31 | CN¥448.96 Million ≈ $65.70 Million |
+20.04% |
| 2009-12-31 | CN¥374.01 Million ≈ $54.73 Million |
+39.80% |
| 2008-12-31 | CN¥267.53 Million ≈ $39.15 Million |
+36.23% |
| 2007-12-31 | CN¥196.38 Million ≈ $28.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Linzhou Heavy 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 decreased by 10517.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.69 Billion | 456.32% |
| Total Equity | CN¥589.86 Million | 100.00% |
Linzhou Heavy Machinery Group Co Ltd Competitors by Market Cap
The table below lists competitors of Linzhou Heavy Machinery Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Citizens Inc
NYSE:CIA
|
$278.04 Million |
|
Shandong Huapeng Glass Co Ltd
SHG:603021
|
$278.10 Million |
|
Zhejiang Shapuaisi Pharmaceutical Co Ltd
SHG:603168
|
$278.11 Million |
|
Trailblazer Acquisition Corp. Class A Ordinary Shares
NASDAQ:BLZR
|
$278.16 Million |
|
Los Andes Copper Limited
V:LA
|
$278.02 Million |
|
Experian PLC
LSE:EXPN
|
$277.91 Million |
|
Jiangsu Jingxue Insulation
SHE:301010
|
$277.83 Million |
|
Hongda High-Tech Holding Co Ltd
SHE:002144
|
$277.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Linzhou Heavy Machinery Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 637,302,000 to 589,861,268, a change of -47,440,732 (-7.4%).
- Net loss of 47,440,680 reduced equity.
- Dividend payments of 76,349,950 reduced retained earnings.
- Other comprehensive income decreased equity by 105,322,248.
- Other factors increased equity by 181,672,145.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-47.44 Million | -8.04% |
| Dividends Paid | CN¥76.35 Million | -12.94% |
| Other Comprehensive Income | CN¥-105.32 Million | -17.86% |
| Other Changes | CN¥181.67 Million | +30.8% |
| Total Change | CN¥- | -7.44% |
Book Value vs Market Value Analysis
This analysis compares Linzhou Heavy 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: 3.22x
- 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 5.61x to 3.22x 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¥0.42 | CN¥2.37 | x |
| 2008-12-31 | CN¥0.57 | CN¥2.37 | x |
| 2009-12-31 | CN¥0.77 | CN¥2.37 | x |
| 2010-12-31 | CN¥0.86 | CN¥2.37 | x |
| 2011-12-31 | CN¥2.72 | CN¥2.37 | x |
| 2012-12-31 | CN¥2.90 | CN¥2.37 | x |
| 2013-12-31 | CN¥3.14 | CN¥2.37 | x |
| 2014-12-31 | CN¥3.27 | CN¥2.37 | x |
| 2015-12-31 | CN¥3.96 | CN¥2.37 | x |
| 2016-12-31 | CN¥4.05 | CN¥2.37 | x |
| 2017-12-31 | CN¥3.32 | CN¥2.37 | x |
| 2018-12-31 | CN¥3.56 | CN¥2.37 | x |
| 2019-12-31 | CN¥0.98 | CN¥2.37 | x |
| 2020-12-31 | CN¥1.10 | CN¥2.37 | x |
| 2021-12-31 | CN¥0.49 | CN¥2.37 | x |
| 2022-12-31 | CN¥0.44 | CN¥2.37 | x |
| 2023-12-31 | CN¥0.68 | CN¥2.37 | x |
| 2024-12-31 | CN¥0.79 | CN¥2.37 | x |
| 2025-12-31 | CN¥0.74 | CN¥2.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Linzhou Heavy 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): -8.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.21%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 6.43x
- Recent ROE (-8.04%) is above the historical average (-12.42%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 12.60% | 6.85% | 0.77x | 2.38x | CN¥5.10 Million |
| 2008 | 18.04% | 8.88% | 0.68x | 3.00x | CN¥21.45 Million |
| 2009 | 15.31% | 8.36% | 0.74x | 2.49x | CN¥19.85 Million |
| 2010 | 23.03% | 12.15% | 0.69x | 2.75x | CN¥58.46 Million |
| 2011 | 9.88% | 16.54% | 0.39x | 1.54x | CN¥-2.21 Million |
| 2012 | 11.39% | 17.53% | 0.29x | 2.22x | CN¥28.49 Million |
| 2013 | 9.08% | 9.81% | 0.37x | 2.49x | CN¥-20.23 Million |
| 2014 | 2.35% | 2.72% | 0.27x | 3.16x | CN¥-165.92 Million |
| 2015 | -10.09% | -24.06% | 0.18x | 2.36x | CN¥-590.64 Million |
| 2016 | -0.12% | -0.27% | 0.19x | 2.37x | CN¥-325.01 Million |
| 2017 | 1.21% | 2.12% | 0.21x | 2.65x | CN¥-255.89 Million |
| 2018 | -4.49% | -6.05% | 0.27x | 2.70x | CN¥-402.87 Million |
| 2019 | -252.94% | -190.27% | 0.21x | 6.30x | CN¥-2.07 Billion |
| 2020 | 4.53% | 4.12% | 0.19x | 5.83x | CN¥-45.05 Million |
| 2021 | -108.74% | -94.37% | 0.11x | 10.07x | CN¥-468.19 Million |
| 2022 | 4.59% | 1.69% | 0.27x | 10.20x | CN¥-22.26 Million |
| 2023 | 21.58% | 6.36% | 0.46x | 7.36x | CN¥62.75 Million |
| 2024 | 14.96% | 5.66% | 0.39x | 6.73x | CN¥31.61 Million |
| 2025 | -8.04% | -4.21% | 0.30x | 6.43x | CN¥-106.43 Million |
Industry Comparison
This section compares Linzhou Heavy 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: $2,705,908,447
- Average return on equity (ROE) among peers: -9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Linzhou Heavy Machinery Group Co Ltd (002535) | CN¥604.37 Million | 12.60% | 5.23x | $278.03 Million |
| Huayi Compressor Co Ltd (000404) | $2.49 Billion | 6.48% | 1.56x | $809.68 Million |
| Shenyang Machine Tool Co Ltd (000410) | $821.90 Million | 0.56% | 3.83x | $1.97 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $10.53 Billion | 7.87% | 0.48x | $4.07 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.78 Billion | 4.42% | 0.52x | $489.55 Million |
| Changchai Co Ltd (000570) | $731.52 Million | -65.27% | 1.99x | $416.33 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $206.34 Million | -75.49% | 2.60x | $1.09 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $1.47 Billion | 9.22% | 0.64x | $1.23 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $4.26 Billion | 10.07% | 2.30x | $819.40 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $4.12 Billion | 6.67% | 1.07x | $1.80 Billion |
About Linzhou Heavy Machinery Group Co Ltd
Linzhou Heavy Machinery Group Co.,Ltd manufactures and sells coal mining machinery in China. It operates through two segments, Coal Mining Machinery and Comprehensive Services; and Military Industry. The company provides hydraulic supports, scraper and belt conveyors, loaders, coal mining and tunneling machines, continuous mine hoists, iris recognition products, electro-hydraulic control systems,… Read more