Shandong Zhangqiu Blower Co Ltd (002598) - Net Assets
Based on the latest financial reports, Shandong Zhangqiu Blower Co Ltd (002598) has net assets worth CN¥1.40 Billion CNY (≈ $204.93 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¥2.94 Billion ≈ $430.44 Million USD) and total liabilities (CN¥1.54 Billion ≈ $225.51 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 Zhangqiu Blower Co Ltd (002598) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.40 Billion |
| % of Total Assets | 47.61% |
| Annual Growth Rate | 16.69% |
| 5-Year Change | 35.43% |
| 10-Year Change | 83.32% |
| Growth Volatility | 46.92 |
Shandong Zhangqiu Blower Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Shandong Zhangqiu Blower Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shandong Zhangqiu Blower Co Ltd (002598) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Zhangqiu Blower Co Ltd (2008–2025)
The table below shows the annual net assets of Shandong Zhangqiu Blower Co Ltd from 2008 to 2025. For live valuation and market cap data, see market cap of Shandong Zhangqiu Blower Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.38 Billion ≈ $201.63 Million |
+2.97% |
| 2024-12-31 | CN¥1.34 Billion ≈ $195.82 Million |
+4.40% |
| 2023-12-31 | CN¥1.28 Billion ≈ $187.57 Million |
+15.94% |
| 2022-12-31 | CN¥1.11 Billion ≈ $161.78 Million |
+8.66% |
| 2021-12-31 | CN¥1.02 Billion ≈ $148.88 Million |
+11.99% |
| 2020-12-31 | CN¥908.52 Million ≈ $132.95 Million |
+4.93% |
| 2019-12-31 | CN¥865.82 Million ≈ $126.70 Million |
+1.64% |
| 2018-12-31 | CN¥851.86 Million ≈ $124.65 Million |
+12.38% |
| 2017-12-31 | CN¥758.00 Million ≈ $110.92 Million |
+0.85% |
| 2016-12-31 | CN¥751.63 Million ≈ $109.99 Million |
-0.85% |
| 2015-12-31 | CN¥758.09 Million ≈ $110.93 Million |
+3.66% |
| 2014-12-31 | CN¥731.32 Million ≈ $107.01 Million |
+1.90% |
| 2013-12-31 | CN¥717.65 Million ≈ $105.02 Million |
+2.70% |
| 2012-12-31 | CN¥698.77 Million ≈ $102.25 Million |
+3.70% |
| 2011-12-31 | CN¥673.81 Million ≈ $98.60 Million |
+181.46% |
| 2010-12-31 | CN¥239.39 Million ≈ $35.03 Million |
+14.13% |
| 2009-12-31 | CN¥209.76 Million ≈ $30.69 Million |
+109.94% |
| 2008-12-31 | CN¥99.91 Million ≈ $14.62 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Zhangqiu Blower 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 12037.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥569.44 Million | 43.84% |
| Other Components | CN¥729.43 Million | 56.16% |
| Total Equity | CN¥1.30 Billion | 100.00% |
Shandong Zhangqiu Blower Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Zhangqiu Blower Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SUNDARAM CLAYTON LTD
NSE:SUNCLAY
|
$317.93 Million |
|
Shandong Sito Bio-technology Co Ltd
SHE:300583
|
$318.12 Million |
|
Is Finansal Kiralama AS
IS:ISFIN
|
$318.31 Million |
|
Asia Cuanon Tech (Shanghai)
SHG:603378
|
$318.60 Million |
|
Nalwa Sons Investments Limited
NSE:NSIL
|
$317.64 Million |
|
NUIX Ltd
AU:NXL
|
$317.59 Million |
|
Baillie Gifford European Growth Trust PLC
LSE:BGEU
|
$317.48 Million |
|
Yunnan Metropolitan Real Estate Development Co Ltd
SHG:600239
|
$317.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Zhangqiu Blower Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,274,686,872 to 1,298,866,197, a change of 24,179,325 (1.9%).
- Net income of 63,114,978 contributed positively to equity growth.
- Dividend payments of 45,697,353 reduced retained earnings.
- Other comprehensive income decreased equity by 247,681,963.
- Other factors increased equity by 254,443,664.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.11 Million | +4.86% |
| Dividends Paid | CN¥45.70 Million | -3.52% |
| Other Comprehensive Income | CN¥-247.68 Million | -19.07% |
| Other Changes | CN¥254.44 Million | +19.59% |
| Total Change | CN¥- | 1.90% |
Book Value vs Market Value Analysis
This analysis compares Shandong Zhangqiu Blower 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: 1.67x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.14x to 1.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.62 | CN¥6.96 | x |
| 2009-12-31 | CN¥1.01 | CN¥6.96 | x |
| 2010-12-31 | CN¥1.03 | CN¥6.96 | x |
| 2011-12-31 | CN¥2.54 | CN¥6.96 | x |
| 2012-12-31 | CN¥2.24 | CN¥6.96 | x |
| 2013-12-31 | CN¥2.30 | CN¥6.96 | x |
| 2014-12-31 | CN¥2.34 | CN¥6.96 | x |
| 2015-12-31 | CN¥2.42 | CN¥6.96 | x |
| 2016-12-31 | CN¥2.40 | CN¥6.96 | x |
| 2017-12-31 | CN¥2.42 | CN¥6.96 | x |
| 2018-12-31 | CN¥2.69 | CN¥6.96 | x |
| 2019-12-31 | CN¥2.74 | CN¥6.96 | x |
| 2020-12-31 | CN¥2.81 | CN¥6.96 | x |
| 2021-12-31 | CN¥3.15 | CN¥6.96 | x |
| 2022-12-31 | CN¥3.42 | CN¥6.96 | x |
| 2023-12-31 | CN¥3.93 | CN¥6.96 | x |
| 2024-12-31 | CN¥4.00 | CN¥6.96 | x |
| 2025-12-31 | CN¥4.16 | CN¥6.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Zhangqiu Blower 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): 4.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.26%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.36x
- Recent ROE (4.86%) is below the historical average (13.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 48.61% | 9.41% | 1.03x | 5.00x | CN¥38.58 Million |
| 2009 | 29.01% | 11.66% | 1.01x | 2.45x | CN¥39.87 Million |
| 2010 | 30.99% | 13.28% | 1.01x | 2.30x | CN¥50.25 Million |
| 2011 | 14.24% | 14.83% | 0.70x | 1.38x | CN¥28.55 Million |
| 2012 | 12.50% | 13.83% | 0.67x | 1.34x | CN¥17.50 Million |
| 2013 | 11.34% | 14.35% | 0.58x | 1.36x | CN¥9.65 Million |
| 2014 | 10.40% | 13.71% | 0.56x | 1.36x | CN¥2.92 Million |
| 2015 | 7.25% | 12.27% | 0.45x | 1.30x | CN¥-20.79 Million |
| 2016 | 7.46% | 11.61% | 0.47x | 1.38x | CN¥-19.04 Million |
| 2017 | 9.20% | 9.92% | 0.64x | 1.46x | CN¥-6.07 Million |
| 2018 | 10.00% | 8.91% | 0.68x | 1.65x | CN¥10.74K |
| 2019 | 8.79% | 6.97% | 0.79x | 1.61x | CN¥-10.32 Million |
| 2020 | 9.29% | 7.23% | 0.70x | 1.84x | CN¥-6.21 Million |
| 2021 | 10.67% | 6.19% | 0.74x | 2.32x | CN¥6.54 Million |
| 2022 | 10.32% | 5.88% | 0.74x | 2.39x | CN¥3.41 Million |
| 2023 | 8.68% | 5.32% | 0.70x | 2.32x | CN¥-16.19 Million |
| 2024 | 5.61% | 3.43% | 0.66x | 2.47x | CN¥-55.93 Million |
| 2025 | 4.86% | 3.26% | 0.63x | 2.36x | CN¥-66.77 Million |
Industry Comparison
This section compares Shandong Zhangqiu Blower 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 |
|---|---|---|---|---|
| Shandong Zhangqiu Blower Co Ltd (002598) | CN¥1.40 Billion | 48.61% | 1.10x | $317.82 Million |
| 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 Shandong Zhangqiu Blower Co Ltd
Shandong Zhangqiu Blower Co., Ltd engages in the design, manufacture, and sale of fans, industrial pumps, and related accessories in China. It offers root and turbo blowers, screw blowers, centrifugal fans, liquid ring vacuum pumps, and MVR evaporation concentration and crystallization system, as well as pneumatic conveying products. The company exports its products to approximately 70 countries,… Read more