Shandong Longquan Pipeline Engineering Co Ltd (002671) - Net Assets
Based on the latest financial reports, Shandong Longquan Pipeline Engineering Co Ltd (002671) has net assets worth CN¥1.68 Billion CNY (≈ $246.08 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¥2.81 Billion ≈ $411.59 Million USD) and total liabilities (CN¥1.13 Billion ≈ $165.52 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 002671 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.68 Billion |
| % of Total Assets | 59.79% |
| Annual Growth Rate | 21.29% |
| 5-Year Change | -23.8% |
| 10-Year Change | -18.59% |
| Growth Volatility | 66.36 |
Shandong Longquan Pipeline Engineering Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Shandong Longquan Pipeline Engineering Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Shandong Longquan Pipeline Engineering C fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Longquan Pipeline Engineering Co Ltd (2008–2025)
The table below shows the annual net assets of Shandong Longquan Pipeline Engineering Co Ltd from 2008 to 2025. For live valuation and market cap data, see market cap of Shandong Longquan Pipeline Engineering C.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.69 Billion ≈ $246.88 Million |
+1.36% |
| 2024-12-31 | CN¥1.66 Billion ≈ $243.57 Million |
+3.76% |
| 2023-12-31 | CN¥1.60 Billion ≈ $234.75 Million |
+2.00% |
| 2022-12-31 | CN¥1.57 Billion ≈ $230.14 Million |
-28.97% |
| 2021-12-31 | CN¥2.21 Billion ≈ $324.01 Million |
+1.04% |
| 2020-12-31 | CN¥2.19 Billion ≈ $320.68 Million |
+8.45% |
| 2019-12-31 | CN¥2.02 Billion ≈ $295.70 Million |
+0.07% |
| 2018-12-31 | CN¥2.02 Billion ≈ $295.50 Million |
-4.26% |
| 2017-12-31 | CN¥2.11 Billion ≈ $308.65 Million |
+1.78% |
| 2016-12-31 | CN¥2.07 Billion ≈ $303.26 Million |
+40.87% |
| 2015-12-31 | CN¥1.47 Billion ≈ $215.27 Million |
-2.83% |
| 2014-12-31 | CN¥1.51 Billion ≈ $221.54 Million |
+16.96% |
| 2013-12-31 | CN¥1.29 Billion ≈ $189.42 Million |
+71.18% |
| 2012-12-31 | CN¥756.19 Million ≈ $110.65 Million |
+260.49% |
| 2011-12-31 | CN¥209.77 Million ≈ $30.70 Million |
+12.15% |
| 2010-12-31 | CN¥187.04 Million ≈ $27.37 Million |
+32.93% |
| 2009-12-31 | CN¥140.70 Million ≈ $20.59 Million |
+121.99% |
| 2008-12-31 | CN¥63.38 Million ≈ $9.27 Million |
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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 2351.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.96 Billion | 119.04% |
| Total Equity | CN¥1.65 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 |
|---|---|
|
Chengdu Dahongli Machinery Co Ltd
SHE:300865
|
$306.62 Million |
|
NHN KCP Corp
KQ:060250
|
$306.72 Million |
|
Inmobiliaria del Sur SA
MC:ISUR
|
$306.72 Million |
|
Shandong Sito Bio-technology Co Ltd
SHE:300583
|
$306.74 Million |
|
Chengdu Rainbow Appliance Gr
SHE:003023
|
$306.45 Million |
|
Seah Steel Corp
KO:003030
|
$306.40 Million |
|
Jmicron Technology
TWO:4925
|
$306.31 Million |
|
Prudential plc
LSE:PRU
|
$306.21 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 2024 to 2025, total equity changed from 1,665,887,584 to 1,646,899,109, a change of -18,988,475 (-1.1%).
- Net income of 47,469,923 contributed positively to equity growth.
- Dividend payments of 21,402,317 reduced retained earnings.
- Other factors decreased equity by 45,056,081.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥47.47 Million | +2.88% |
| Dividends Paid | CN¥21.40 Million | -1.3% |
| Other Changes | CN¥-45.06 Million | -2.74% |
| Total Change | CN¥- | -1.14% |
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: 1.27x
- 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 16.61x to 1.27x 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¥3.72 | x |
| 2009-12-31 | CN¥0.59 | CN¥3.72 | x |
| 2010-12-31 | CN¥0.67 | CN¥3.72 | x |
| 2011-12-31 | CN¥0.75 | CN¥3.72 | x |
| 2012-12-31 | CN¥2.19 | CN¥3.72 | x |
| 2013-12-31 | CN¥3.42 | CN¥3.72 | x |
| 2014-12-31 | CN¥3.33 | CN¥3.72 | x |
| 2015-12-31 | CN¥3.38 | CN¥3.72 | x |
| 2016-12-31 | CN¥4.11 | CN¥3.72 | x |
| 2017-12-31 | CN¥4.32 | CN¥3.72 | x |
| 2018-12-31 | CN¥4.23 | CN¥3.72 | x |
| 2019-12-31 | CN¥5.57 | CN¥3.72 | x |
| 2020-12-31 | CN¥4.37 | CN¥3.72 | x |
| 2021-12-31 | CN¥3.74 | CN¥3.72 | x |
| 2022-12-31 | CN¥2.82 | CN¥3.72 | x |
| 2023-12-31 | CN¥2.89 | CN¥3.72 | x |
| 2024-12-31 | CN¥3.05 | CN¥3.72 | x |
| 2025-12-31 | CN¥2.92 | CN¥3.72 | 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): 2.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.25%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.82x
- Recent ROE (2.88%) is below the historical average (7.40%), 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 | -4.72% | -9.35% | 0.30x | 1.69x | CN¥-294.92 Million |
| 2019 | 0.36% | 0.64% | 0.35x | 1.57x | CN¥-193.26 Million |
| 2020 | -4.12% | -10.76% | 0.27x | 1.42x | CN¥-308.53 Million |
| 2021 | 0.80% | 1.28% | 0.44x | 1.44x | CN¥-202.67 Million |
| 2022 | -40.76% | -64.25% | 0.38x | 1.68x | CN¥-797.37 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 |
| 2025 | 2.88% | 3.25% | 0.49x | 1.82x | CN¥-117.22 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: $1,665,697,652
- Average return on equity (ROE) among peers: 1.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Longquan Pipeline Engineering Co Ltd (002671) | CN¥1.68 Billion | 41.94% | 0.67x | $306.59 Million |
| China Fangda Group Co Ltd (000055) | $6.03 Billion | 4.52% | 1.22x | $334.20 Million |
| Huasu Holdings Co Ltd (000509) | $159.89 Million | 15.47% | 4.48x | $579.45 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.64 Billion | 0.37% | 0.44x | $289.21 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $789.68 Million | 8.12% | 0.39x | $4.50 Billion |
| Yantai Moon Co Ltd (000811) | $1.10 Billion | 14.34% | 1.08x | $7.71 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $538.11 Million | -4.52% | 1.01x | $238.17 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.03 Billion | 15.12% | 0.38x | $597.68 Million |
| Everjoy Health Group Co Ltd (002162) | $935.22 Million | 6.20% | 0.58x | $456.23 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $512.29 Million | -48.63% | 6.75x | $276.84 Million |
| Puyang Refractories Group Co Ltd (002225) | $1.92 Billion | 6.39% | 0.97x | $783.71 Million |
About 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