Shandong Longquan Pipeline Engineering Co Ltd
Shandong Longquan Pipe Industry Co.,Ltd engages in the production, sale, installation, and service of prestressed concrete cylinder pipes and metal pipe fittings in China. It also offers concrete pipes, including Prestressed Concrete Cylinder Pipe with Internal Lining, Embedded prestressed concrete cylinder pipe, Armored joint prestressed steel cylinder concrete pipe, el cylinder concrete pipe, P… Read more
Shandong Longquan Pipeline Engineering Co Ltd (002671) - Net Assets
Latest net assets as of September 2025: CN¥1.82 Billion CNY
Based on the latest financial reports, Shandong Longquan Pipeline Engineering Co Ltd (002671) has net assets worth CN¥1.82 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.20 Billion) and total liabilities (CN¥1.38 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.82 Billion |
| % of Total Assets | 56.9% |
| Annual Growth Rate | 22.66% |
| 5-Year Change | -24.04% |
| 10-Year Change | 13.14% |
| Growth Volatility | 67.96 |
Shandong Longquan Pipeline Engineering Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Longquan Pipeline Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Longquan Pipeline Engineering Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Longquan Pipeline Engineering Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.66 Billion | +3.76% |
| 2023-12-31 | CN¥1.60 Billion | +2.00% |
| 2022-12-31 | CN¥1.57 Billion | -28.97% |
| 2021-12-31 | CN¥2.21 Billion | +1.04% |
| 2020-12-31 | CN¥2.19 Billion | +8.45% |
| 2019-12-31 | CN¥2.02 Billion | +0.07% |
| 2018-12-31 | CN¥2.02 Billion | -4.26% |
| 2017-12-31 | CN¥2.11 Billion | +1.78% |
| 2016-12-31 | CN¥2.07 Billion | +40.87% |
| 2015-12-31 | CN¥1.47 Billion | -2.83% |
| 2014-12-31 | CN¥1.51 Billion | +16.96% |
| 2013-12-31 | CN¥1.29 Billion | +71.18% |
| 2012-12-31 | CN¥756.19 Million | +260.49% |
| 2011-12-31 | CN¥209.77 Million | +12.15% |
| 2010-12-31 | CN¥187.04 Million | +32.93% |
| 2009-12-31 | CN¥140.70 Million | +121.99% |
| 2008-12-31 | CN¥63.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Longquan Pipeline Engineering 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 2692.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥564.57 Million | 33.89% |
| Other Components | CN¥1.46 Billion | 87.78% |
| Total Equity | CN¥1.67 Billion | 100.00% |
Shandong Longquan Pipeline Engineering Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Longquan Pipeline Engineering Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen HeKeda Precision Cleaning Equipment Co Ltd
SHE:002816
|
$252.17 Million |
|
Guizhou Sanli Pharmaceutical Co Ltd
SHG:603439
|
$252.27 Million |
|
Glass House Brands Inc
OTCQX:GLASF
|
$252.29 Million |
|
Rockhopper Exploration plc
PINK:RCKHF
|
$252.32 Million |
|
Dhipaya Group Holdings PCL
BK:TIPH-R
|
$252.13 Million |
|
Landsea Homes Corp
NASDAQ:LSEA
|
$252.03 Million |
|
Yang Guang Co Ltd
SHE:000608
|
$251.97 Million |
|
China Quanjude Group Co Ltd
SHE:002186
|
$251.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Longquan Pipeline Engineering Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,604,510,162 to 1,665,887,584, a change of 61,377,422 (3.8%).
- Net income of 65,589,387 contributed positively to equity growth.
- Dividend payments of 21,607,187 reduced retained earnings.
- Share repurchases of 15,592,196 reduced equity.
- Other factors increased equity by 32,987,418.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥65.59 Million | +3.94% |
| Dividends Paid | CN¥21.61 Million | -1.3% |
| Share Repurchases | CN¥15.59 Million | -0.94% |
| Other Changes | CN¥32.99 Million | +1.98% |
| Total Change | CN¥- | 3.83% |
Book Value vs Market Value Analysis
This analysis compares Shandong Longquan Pipeline Engineering 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: 1.98x
- 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 26.02x to 1.98x 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¥0.22 | CN¥5.83 | x |
| 2009-12-31 | CN¥0.59 | CN¥5.83 | x |
| 2010-12-31 | CN¥0.67 | CN¥5.83 | x |
| 2011-12-31 | CN¥0.75 | CN¥5.83 | x |
| 2012-12-31 | CN¥2.21 | CN¥5.83 | x |
| 2013-12-31 | CN¥6.85 | CN¥5.83 | x |
| 2014-12-31 | CN¥3.33 | CN¥5.83 | x |
| 2015-12-31 | CN¥3.38 | CN¥5.83 | x |
| 2016-12-31 | CN¥4.11 | CN¥5.83 | x |
| 2017-12-31 | CN¥4.32 | CN¥5.83 | x |
| 2018-12-31 | CN¥4.23 | CN¥5.83 | x |
| 2019-12-31 | CN¥4.24 | CN¥5.83 | x |
| 2020-12-31 | CN¥4.37 | CN¥5.83 | x |
| 2021-12-31 | CN¥3.97 | CN¥5.83 | x |
| 2022-12-31 | CN¥2.82 | CN¥5.83 | x |
| 2023-12-31 | CN¥2.89 | CN¥5.83 | x |
| 2024-12-31 | CN¥2.95 | CN¥5.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Longquan Pipeline Engineering 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): 3.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.72%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.77x
- Recent ROE (3.94%) is below the historical average (7.59%), 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 | 41.94% | 6.03% | 1.22x | 5.69x | CN¥15.47 Million |
| 2009 | 27.09% | 12.08% | 0.89x | 2.53x | CN¥21.49 Million |
| 2010 | 32.75% | 14.38% | 1.21x | 1.88x | CN¥42.56 Million |
| 2011 | 34.45% | 13.28% | 1.06x | 2.45x | CN¥51.29 Million |
| 2012 | 10.55% | 12.98% | 0.51x | 1.60x | CN¥4.16 Million |
| 2013 | 9.49% | 13.09% | 0.43x | 1.70x | CN¥-6.61 Million |
| 2014 | 11.11% | 12.77% | 0.54x | 1.60x | CN¥16.52 Million |
| 2015 | 1.77% | 5.23% | 0.20x | 1.70x | CN¥-119.32 Million |
| 2016 | 1.46% | 3.79% | 0.23x | 1.67x | CN¥-175.75 Million |
| 2017 | 2.54% | 5.49% | 0.27x | 1.75x | CN¥-156.98 Million |
| 2018 | -4.95% | -9.80% | 0.30x | 1.69x | CN¥-299.46 Million |
| 2019 | 0.36% | 0.64% | 0.35x | 1.57x | CN¥-193.26 Million |
| 2020 | -4.53% | -11.83% | 0.27x | 1.42x | CN¥-317.45 Million |
| 2021 | 0.59% | 0.95% | 0.44x | 1.44x | CN¥-207.31 Million |
| 2022 | -41.30% | -65.11% | 0.38x | 1.68x | CN¥-805.85 Million |
| 2023 | 1.73% | 2.51% | 0.43x | 1.62x | CN¥-132.67 Million |
| 2024 | 3.94% | 5.72% | 0.39x | 1.77x | CN¥-101.00 Million |
Industry Comparison
This section compares Shandong Longquan Pipeline Engineering Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,017,134,910
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Longquan Pipeline Engineering Co Ltd (002671) | CN¥1.82 Billion | 41.94% | 0.76x | $252.13 Million |
| Huasu Holdings Co Ltd (000509) | $-97.01 Million | 0.00% | 0.00x | $359.86 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $13.52 Million | 0.00% | 1.72x | $206.70 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $8.53 Billion | 12.97% | 0.57x | $3.59 Billion |
| Yantai Moon Co Ltd (000811) | $6.21 Billion | 10.11% | 0.91x | $1.61 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $508.00 Million | 8.40% | 2.64x | $232.37 Million |
| Arrow Home Group Co. Ltd. A (001322) | $1.60 Billion | 34.70% | 3.18x | $113.36 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.20 Billion | 15.44% | 0.40x | $249.31 Million |
| Everjoy Health Group Co Ltd (002162) | $816.70 Million | 1.77% | 1.62x | $269.77 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $110.91 Million | 10.68% | 1.26x | $240.74 Million |
| Puyang Refractories Group Co Ltd (002225) | $277.05 Million | 17.03% | 0.92x | $602.85 Million |