Shandong Himile Mechanical Science & Technology Co Ltd (002595) - Net Assets
Based on the latest financial reports, Shandong Himile Mechanical Science & Technology Co Ltd (002595) has net assets worth CN¥11.13 Billion CNY (≈ $1.63 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥13.09 Billion ≈ $1.92 Billion USD) and total liabilities (CN¥1.97 Billion ≈ $287.58 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 Shandong Himile Mechanical Science & Tec (002595) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.13 Billion |
| % of Total Assets | 84.99% |
| Annual Growth Rate | 23.09% |
| 5-Year Change | 71.17% |
| 10-Year Change | 228.49% |
| Growth Volatility | 51.49 |
Shandong Himile Mechanical Science & Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Himile Mechanical Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Himile Mechanical Science & Tec balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Himile Mechanical Science & Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Himile Mechanical Science & Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see Shandong Himile Mechanical Science & Tec stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.89 Billion ≈ $1.45 Billion |
+14.71% |
| 2023-12-31 | CN¥8.62 Billion ≈ $1.26 Billion |
+17.37% |
| 2022-12-31 | CN¥7.34 Billion ≈ $1.07 Billion |
+12.79% |
| 2021-12-31 | CN¥6.51 Billion ≈ $952.70 Million |
+12.72% |
| 2020-12-31 | CN¥5.78 Billion ≈ $845.16 Million |
+16.51% |
| 2019-12-31 | CN¥4.96 Billion ≈ $725.38 Million |
+14.03% |
| 2018-12-31 | CN¥4.35 Billion ≈ $636.15 Million |
+11.37% |
| 2017-12-31 | CN¥3.90 Billion ≈ $571.22 Million |
+10.53% |
| 2016-12-31 | CN¥3.53 Billion ≈ $516.78 Million |
+17.34% |
| 2015-12-31 | CN¥3.01 Billion ≈ $440.41 Million |
+17.52% |
| 2014-12-31 | CN¥2.56 Billion ≈ $374.74 Million |
+13.84% |
| 2013-12-31 | CN¥2.25 Billion ≈ $329.18 Million |
+9.74% |
| 2012-12-31 | CN¥2.05 Billion ≈ $299.96 Million |
+4.06% |
| 2011-12-31 | CN¥1.97 Billion ≈ $288.26 Million |
+225.55% |
| 2010-12-31 | CN¥605.10 Million ≈ $88.55 Million |
+45.12% |
| 2009-12-31 | CN¥416.98 Million ≈ $61.02 Million |
+17.12% |
| 2008-12-31 | CN¥356.02 Million ≈ $52.10 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Himile Mechanical Science & Technology 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 6636.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.15 Billion | 82.54% |
| Other Components | CN¥1.72 Billion | 17.46% |
| Total Equity | CN¥9.88 Billion | 100.00% |
Shandong Himile Mechanical Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Himile Mechanical Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SK TELECOM CO.LTD.ADR 5/9
F:KMBA
|
$10.24 Billion |
|
On Holding Ltd
NYSE:ONON
|
$10.25 Billion |
|
KT Corporation
NYSE:KT
|
$10.25 Billion |
|
Logitech International S.A.
SW:LOGN
|
$10.25 Billion |
|
OPC Energy Ltd
TA:OPCE
|
$10.23 Billion |
|
Shenzhen Megmeet Electrical Co Ltd
SHE:002851
|
$10.23 Billion |
|
Antero Midstream Partners LP
NYSE:AM
|
$10.22 Billion |
|
Orient Sec Co Ltd
SHG:600958
|
$10.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Himile Mechanical Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,612,993,968 to 9,879,142,890, a change of 1,266,148,921 (14.7%).
- Net income of 2,011,422,999 contributed positively to equity growth.
- Dividend payments of 800,377,403 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.01 Billion | +20.36% |
| Dividends Paid | CN¥800.38 Million | -8.1% |
| Other Changes | CN¥55.10 Million | +0.56% |
| Total Change | CN¥- | 14.70% |
Book Value vs Market Value Analysis
This analysis compares Shandong Himile Mechanical Science & Technology 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: 7.08x
- 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 17.94x to 7.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.87 | CN¥87.45 | x |
| 2018-12-31 | CN¥5.43 | CN¥87.45 | x |
| 2019-12-31 | CN¥6.19 | CN¥87.45 | x |
| 2020-12-31 | CN¥7.21 | CN¥87.45 | x |
| 2021-12-31 | CN¥8.13 | CN¥87.45 | x |
| 2022-12-31 | CN¥9.17 | CN¥87.45 | x |
| 2023-12-31 | CN¥10.77 | CN¥87.45 | x |
| 2024-12-31 | CN¥12.35 | CN¥87.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Himile Mechanical Science & Technology 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): 20.36%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.82%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.18x
- Recent ROE (20.36%) is above the historical average (20.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 38.48% | 32.65% | 0.71x | 1.65x | CN¥101.34 Million |
| 2009 | 36.24% | 33.39% | 0.70x | 1.56x | CN¥109.43 Million |
| 2010 | 31.09% | 31.34% | 0.74x | 1.34x | CN¥127.61 Million |
| 2011 | 10.81% | 31.03% | 0.33x | 1.05x | CN¥15.90 Million |
| 2012 | 9.65% | 27.82% | 0.33x | 1.05x | CN¥-7.20 Million |
| 2013 | 14.08% | 27.88% | 0.46x | 1.10x | CN¥91.61 Million |
| 2014 | 19.61% | 27.99% | 0.62x | 1.14x | CN¥246.15 Million |
| 2015 | 21.43% | 27.91% | 0.66x | 1.17x | CN¥343.78 Million |
| 2016 | 20.35% | 27.53% | 0.67x | 1.11x | CN¥365.00 Million |
| 2017 | 17.33% | 22.57% | 0.65x | 1.18x | CN¥285.95 Million |
| 2018 | 17.02% | 19.84% | 0.67x | 1.28x | CN¥304.83 Million |
| 2019 | 17.43% | 19.67% | 0.65x | 1.37x | CN¥367.65 Million |
| 2020 | 17.46% | 19.02% | 0.76x | 1.21x | CN¥430.22 Million |
| 2021 | 16.19% | 17.53% | 0.79x | 1.18x | CN¥402.70 Million |
| 2022 | 16.36% | 18.07% | 0.77x | 1.17x | CN¥466.35 Million |
| 2023 | 18.72% | 22.50% | 0.72x | 1.15x | CN¥750.79 Million |
| 2024 | 20.36% | 22.82% | 0.75x | 1.18x | CN¥1.02 Billion |
Industry Comparison
This section compares Shandong Himile Mechanical Science & Technology 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 |
|---|---|---|---|---|
| Shandong Himile Mechanical Science & Technology Co Ltd (002595) | CN¥11.13 Billion | 38.48% | 0.18x | $10.24 Billion |
| 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 Shandong Himile Mechanical Science & Technology Co Ltd
Himile Mechanical Science and Technology (Shandong) Co., Ltd engages in the production and sales of radial tire active molds in China and internationally. The company offers tire molds for passenger cars, light trucks, trucks, engineering vehicles, giant engineering vehicles, motorcycles, etc. It also provides design, casting, fabrication, machining, coating, assembly, and after-sales services fo… Read more