Jikai Equipment Manufacturing Co Ltd (002691) - Net Assets
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. Also explore Jikai Equipment Manufacturing Co Ltd total assets for the complete picture of this company's asset 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. Check Jikai Equipment Manufacturing Co Ltd (002691) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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 Jikai Equipment Manufacturing Co Ltd market capitalisation.
| 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 |
|---|---|
|
Remedy Entertainment Oyj
HE:REMEDY
|
$209.56 Million |
|
Rectron Ltd
TW:2302
|
$209.58 Million |
|
Angang Steel Company Limited
F:GNV
|
$209.58 Million |
|
Global Water Resources Inc
NASDAQ:GWRS
|
$209.59 Million |
|
Servotech Power Systems Limited
NSE:SERVOTECH
|
$209.44 Million |
|
Ege Gubre Sanayi AS
IS:EGGUB
|
$209.42 Million |
|
Tumosan Motor ve Traktor Sanayi AS
IS:TMSN
|
$209.40 Million |
|
China Dongxiang (Group) Co. Ltd
F:4C1
|
$209.38 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: 1.70x
- 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 12.16x to 1.70x 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¥4.21 | x |
| 2009-12-31 | CN¥0.45 | CN¥4.21 | x |
| 2010-12-31 | CN¥0.75 | CN¥4.21 | x |
| 2011-12-31 | CN¥1.36 | CN¥4.21 | x |
| 2012-12-31 | CN¥2.60 | CN¥4.21 | x |
| 2013-12-31 | CN¥2.34 | CN¥4.21 | x |
| 2014-12-31 | CN¥2.46 | CN¥4.21 | x |
| 2015-12-31 | CN¥2.49 | CN¥4.21 | x |
| 2016-12-31 | CN¥2.41 | CN¥4.21 | x |
| 2017-12-31 | CN¥2.78 | CN¥4.21 | x |
| 2018-12-31 | CN¥2.33 | CN¥4.21 | x |
| 2019-12-31 | CN¥2.87 | CN¥4.21 | x |
| 2020-12-31 | CN¥2.80 | CN¥4.21 | x |
| 2021-12-31 | CN¥2.67 | CN¥4.21 | x |
| 2022-12-31 | CN¥2.66 | CN¥4.21 | x |
| 2023-12-31 | CN¥4.91 | CN¥4.21 | x |
| 2024-12-31 | CN¥4.96 | CN¥4.21 | x |
| 2025-12-31 | CN¥2.47 | CN¥4.21 | 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: $8,783,537,342
- Average return on equity (ROE) among peers: 16.15%
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 | $209.46 Million |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $1.04 Billion | 14.79% | 0.42x | $7.83 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $60.46 Billion | 9.88% | 1.66x | $15.03 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $8.85 Billion | 0.56% | 1.33x | $2.60 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $599.24 Million | 8.08% | 1.51x | $2.50 Billion |
| Faw Car Co Ltd (000800) | $7.92 Billion | 3.55% | 1.33x | $4.70 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $85.08 Million | 48.08% | 1.71x | $563.24 Million |
| HBIS Resources Co Ltd (000923) | $407.94 Million | 61.88% | 2.45x | $1.39 Billion |
| Sinotruk Jinan Truck Co Ltd (000951) | $5.45 Billion | 7.68% | 2.73x | $3.86 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $588.19 Million | 6.73% | 1.78x | $909.25 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $2.44 Billion | 0.27% | 1.63x | $1.17 Billion |
About Jikai Equipment Manufacturing Co Ltd
Jikai Equipment Manufacturing Co., Ltd. researches, develops, manufactures, sells, and serves underground mining machinery in China and internationally. The company offers supporting equipment, such as machines and tools for drilling, mixing, and installing bolts and cables in coal mine roadways support construction; safety drilling rigs for use in underground extraction, water exploration, press… Read more