Linzhou Heavy Machinery Group Co Ltd (002535) - Net Assets

Latest as of September 2025: CN¥717.30 Million CNY ≈ $104.96 Million USD

Based on the latest financial reports, Linzhou Heavy Machinery Group Co Ltd (002535) has net assets worth CN¥717.30 Million CNY (≈ $104.96 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¥4.12 Billion ≈ $602.98 Million USD) and total liabilities (CN¥3.40 Billion ≈ $498.02 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 002535 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥717.30 Million
% of Total Assets	17.41%
Annual Growth Rate	7.25%
5-Year Change	-22.32%
10-Year Change	-78.34%
Growth Volatility	77.35

Linzhou Heavy Machinery Group Co Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Linzhou Heavy Machinery Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002535 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Linzhou Heavy Machinery Group Co Ltd (2007–2024)

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

Year	Net Assets	Change
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	--

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 10282.2% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥801.68 Million	125.79%
Other Comprehensive Income	CN¥105.32 Million	16.53%
Other Components	CN¥1.78 Billion	280.03%
Total Equity	CN¥637.30 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
Huayang Intelligent Co Ltd SHE:301502	$414.15 Million
Nantex Industry Co Ltd TW:2108	$414.22 Million
Guangdong Liantai Environmental Protection Co Ltd SHG:603797	$414.28 Million
Titan Machinery Inc NASDAQ:TITN	$414.40 Million
Nbond Nonwovens SHG:603238	$414.04 Million
Guangdong Jushen Logistics Co Ltd SHE:001202	$413.93 Million
Bandwidth Inc NASDAQ:BAND	$413.87 Million
Jasmine International Public Company Limited BK:JAS-R	$413.53 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 2023 to 2024, total equity changed from 541,958,000 to 637,302,000, a change of 95,344,000 (17.6%).
Net income of 95,344,000 contributed positively to equity growth.
Dividend payments of 83,772,000 reduced retained earnings.
Other comprehensive income increased equity by 248.
Other factors increased equity by 83,771,752.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥95.34 Million	+14.96%
Dividends Paid	CN¥83.77 Million	-13.14%
Other Comprehensive Income	CN¥248.00	+0.0%
Other Changes	CN¥83.77 Million	+13.14%
Total Change	CN¥-	17.59%

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: 4.44x
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 8.35x to 4.44x 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¥3.53	x
2008-12-31	CN¥0.57	CN¥3.53	x
2009-12-31	CN¥0.77	CN¥3.53	x
2010-12-31	CN¥0.86	CN¥3.53	x
2011-12-31	CN¥2.72	CN¥3.53	x
2012-12-31	CN¥2.90	CN¥3.53	x
2013-12-31	CN¥3.14	CN¥3.53	x
2014-12-31	CN¥3.27	CN¥3.53	x
2015-12-31	CN¥3.96	CN¥3.53	x
2016-12-31	CN¥4.05	CN¥3.53	x
2017-12-31	CN¥3.32	CN¥3.53	x
2018-12-31	CN¥3.56	CN¥3.53	x
2019-12-31	CN¥0.98	CN¥3.53	x
2020-12-31	CN¥1.10	CN¥3.53	x
2021-12-31	CN¥0.49	CN¥3.53	x
2022-12-31	CN¥0.44	CN¥3.53	x
2023-12-31	CN¥0.68	CN¥3.53	x
2024-12-31	CN¥0.79	CN¥3.53	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): 14.96%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.66%
• Asset Turnover: 0.39x
• Equity Multiplier: 6.73x
Recent ROE (14.96%) is above the historical average (-12.66%), 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

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: $2,004,947,424
Average return on equity (ROE) among peers: -24.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Linzhou Heavy Machinery Group Co Ltd (002535)	CN¥717.30 Million	12.60%	4.74x	$414.11 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 Linzhou Heavy Machinery Group Co Ltd

SHE:002535 China Specialty Industrial Machinery

Market Cap

$414.11 Million

CN¥2.83 Billion CNY

Market Cap Rank

#13512 Global

#4260 in China

Share Price

CN¥3.53

Change (1 day)

-0.84%

52-Week Range

CN¥3.31 - CN¥4.54

All Time High

CN¥10.50