Jikai Equipment Manufacturing Co Ltd (002691) - Net Assets

Latest as of March 2026: CN¥829.15 Million CNY ≈ $121.33 Million USD

Based on the latest financial reports, Jikai Equipment Manufacturing Co Ltd (002691) has net assets worth CN¥829.15 Million CNY (≈ $121.33 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¥1.12 Billion ≈ $164.59 Million USD) and total liabilities (CN¥295.59 Million ≈ $43.25 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 tangible equity quality of Jikai Equipment Manufacturing Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥829.15 Million
% of Total Assets	73.72%
Annual Growth Rate	12.37%
5-Year Change	-3.95%
10-Year Change	-0.13%
Growth Volatility	31.56

Jikai Equipment Manufacturing Co Ltd - Net Assets Trend (2008–2025)

This chart illustrates how Jikai Equipment Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jikai Equipment Manufacturing Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Jikai Equipment Manufacturing Co Ltd (2008–2025)

The table below shows the annual net assets of Jikai Equipment Manufacturing Co Ltd from 2008 to 2025. For live valuation and market cap data, see 002691 market cap.

Year	Net Assets	Change
2025-12-31	CN¥854.66 Million ≈ $125.06 Million	-6.16%
2024-12-31	CN¥910.78 Million ≈ $133.28 Million	-0.30%
2023-12-31	CN¥913.50 Million ≈ $133.67 Million	-0.39%
2022-12-31	CN¥917.04 Million ≈ $134.19 Million	+3.06%
2021-12-31	CN¥889.83 Million ≈ $130.21 Million	+1.82%
2020-12-31	CN¥873.96 Million ≈ $127.89 Million	-2.05%
2019-12-31	CN¥892.29 Million ≈ $130.57 Million	+1.77%
2018-12-31	CN¥876.79 Million ≈ $128.30 Million	+1.81%
2017-12-31	CN¥861.20 Million ≈ $126.02 Million	+0.64%
2016-12-31	CN¥855.75 Million ≈ $125.22 Million	+1.04%
2015-12-31	CN¥846.96 Million ≈ $123.94 Million	+2.80%
2014-12-31	CN¥823.89 Million ≈ $120.56 Million	+4.28%
2013-12-31	CN¥790.06 Million ≈ $115.61 Million	+4.19%
2012-12-31	CN¥758.29 Million ≈ $110.96 Million	+120.33%
2011-12-31	CN¥344.17 Million ≈ $50.36 Million	+35.35%
2010-12-31	CN¥254.27 Million ≈ $37.21 Million	+65.26%
2009-12-31	CN¥153.86 Million ≈ $22.51 Million	+30.75%
2008-12-31	CN¥117.67 Million ≈ $17.22 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jikai Equipment Manufacturing 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 436.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥162.08 Million	19.30%
Other Components	CN¥677.73 Million	80.70%
Total Equity	CN¥839.81 Million	100.00%

Jikai Equipment Manufacturing Co Ltd Competitors by Market Cap

The table below lists competitors of Jikai Equipment Manufacturing Co Ltd ranked by their market capitalization.

Company	Market Cap
Solara Active Pharma Sciences Limited NSE:SOLARA	$222.01 Million
Hathway Cable & Datacom Limited NSE:HATHWAY	$222.06 Million
TBI Motion Technology Co Ltd TW:4540	$222.10 Million
Ingram Micro Bilisim Sistemleri A.S. IS:INGRM	$222.14 Million
Coherus BioSciences Inc NASDAQ:CHRS	$221.84 Million
Micware Co., Ltd. American Depositary Shares NASDAQ:MWC	$221.81 Million
Bank Rakyat Indonesia Agroniaga JK:AGRO	$221.80 Million
Eco Atlantic Oil & Gas Ltd V:EOG	$221.76 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jikai Equipment Manufacturing Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 894,211,918 to 839,810,704, a change of -54,401,214 (-6.1%).
Net loss of 54,873,468 reduced equity.
Dividend payments of 3,507,556 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-54.87 Million	-6.53%
Dividends Paid	CN¥3.51 Million	-0.42%
Other Changes	CN¥3.98 Million	+0.47%
Total Change	CN¥-	-6.08%

Book Value vs Market Value Analysis

This analysis compares Jikai Equipment Manufacturing 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: 1.81x
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 12.89x to 1.81x 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¥0.35	CN¥4.46	x
2009-12-31	CN¥0.45	CN¥4.46	x
2010-12-31	CN¥0.75	CN¥4.46	x
2011-12-31	CN¥1.36	CN¥4.46	x
2012-12-31	CN¥2.60	CN¥4.46	x
2013-12-31	CN¥2.34	CN¥4.46	x
2014-12-31	CN¥2.46	CN¥4.46	x
2015-12-31	CN¥2.49	CN¥4.46	x
2016-12-31	CN¥2.41	CN¥4.46	x
2017-12-31	CN¥2.78	CN¥4.46	x
2018-12-31	CN¥2.33	CN¥4.46	x
2019-12-31	CN¥2.87	CN¥4.46	x
2020-12-31	CN¥2.80	CN¥4.46	x
2021-12-31	CN¥2.67	CN¥4.46	x
2022-12-31	CN¥2.66	CN¥4.46	x
2023-12-31	CN¥4.91	CN¥4.46	x
2024-12-31	CN¥4.96	CN¥4.46	x
2025-12-31	CN¥2.47	CN¥4.46	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jikai Equipment Manufacturing 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): -6.53%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -18.23%
• Asset Turnover: 0.27x
• Equity Multiplier: 1.35x
Recent ROE (-6.53%) is below the historical average (6.80%), 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	37.51%	22.67%	0.83x	2.00x	CN¥32.38 Million
2009	23.52%	18.29%	0.83x	1.55x	CN¥20.80 Million
2010	24.35%	23.87%	0.73x	1.39x	CN¥36.48 Million
2011	14.68%	16.15%	0.68x	1.33x	CN¥16.11 Million
2012	9.51%	18.42%	0.45x	1.16x	CN¥-3.69 Million
2013	5.27%	12.70%	0.36x	1.15x	CN¥-37.35 Million
2014	4.55%	12.22%	0.33x	1.12x	CN¥-44.89 Million
2015	2.84%	8.58%	0.28x	1.19x	CN¥-60.66 Million
2016	0.98%	3.71%	0.24x	1.08x	CN¥-77.22 Million
2017	1.08%	2.31%	0.41x	1.13x	CN¥-76.84 Million
2018	1.72%	3.62%	0.41x	1.16x	CN¥-72.61 Million
2019	1.74%	3.98%	0.35x	1.24x	CN¥-73.66 Million
2020	-1.79%	-6.49%	0.23x	1.20x	CN¥-103.02 Million
2021	1.87%	4.67%	0.32x	1.26x	CN¥-72.14 Million
2022	1.50%	4.11%	0.28x	1.31x	CN¥-76.47 Million
2023	-0.20%	-0.54%	0.30x	1.26x	CN¥-91.38 Million
2024	-0.20%	-0.47%	0.32x	1.32x	CN¥-91.23 Million
2025	-6.53%	-18.23%	0.27x	1.35x	CN¥-138.85 Million

Industry Comparison

This section compares Jikai Equipment Manufacturing Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $7,559,658,648
Average return on equity (ROE) among peers: 9.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jikai Equipment Manufacturing Co Ltd (002691)	CN¥829.15 Million	37.51%	0.36x	$221.90 Million
Zoomlion Heavy Industry Science and Technology Co Ltd (000157)	$27.47 Billion	16.98%	1.29x	$7.87 Billion
XCMG Construction Machinery Co Ltd (000425)	$1.19 Billion	2.08%	1.54x	$15.46 Billion
Guangxi Liugong Machinery Co Ltd (000528)	$17.17 Billion	3.49%	1.46x	$2.38 Billion
Shantui Construction Machinery Co Ltd (000680)	$4.91 Billion	0.62%	1.71x	$2.24 Billion
Faw Car Co Ltd (000800)	$730.97 Million	42.45%	1.59x	$4.39 Billion
JiangSu JiangHuai Engine Co Ltd (000816)	$3.76 Billion	0.73%	0.76x	$508.18 Million
HBIS Resources Co Ltd (000923)	$415.63 Million	0.55%	0.98x	$1.32 Billion
Sinotruk Jinan Truck Co Ltd (000951)	$17.58 Billion	9.47%	1.85x	$3.78 Billion
Zhongtong Bus Holding Co Ltd (000957)	$588.19 Million	6.73%	1.78x	$870.21 Million
Sunward Intelligent Equipment Co Ltd (002097)	$1.77 Billion	11.46%	1.71x	$1.28 Billion

About Jikai Equipment Manufacturing Co Ltd

SHE:002691 China Farm & Heavy Construction Machinery

Market Cap

$221.90 Million

CN¥1.52 Billion CNY

Market Cap Rank

#16235 Global

#4620 in China

Share Price

CN¥4.46

Change (1 day)

-4.50%

52-Week Range

CN¥4.46 - CN¥11.32

All Time High

CN¥20.80