Shandong Hongyu Agricultural Machinery Co Ltd (002890) - Net Assets
Based on the latest financial reports, Shandong Hongyu Agricultural Machinery Co Ltd (002890) has net assets worth CN¥605.61 Million CNY (≈ $88.62 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¥745.09 Million ≈ $109.03 Million USD) and total liabilities (CN¥139.47 Million ≈ $20.41 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 Shandong Hongyu Agricultural Machinery C total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥605.61 Million |
| % of Total Assets | 81.28% |
| Annual Growth Rate | 10.97% |
| 5-Year Change | 5.92% |
| 10-Year Change | 105.96% |
| Growth Volatility | 19.09 |
Shandong Hongyu Agricultural Machinery Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Shandong Hongyu Agricultural Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Shandong Hongyu Agricultural Machinery C tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shandong Hongyu Agricultural Machinery Co Ltd (2012–2025)
The table below shows the annual net assets of Shandong Hongyu Agricultural Machinery Co Ltd from 2012 to 2025. For live valuation and market cap data, see 002890 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥600.06 Million ≈ $87.81 Million |
+1.02% |
| 2024-12-31 | CN¥593.99 Million ≈ $86.92 Million |
+0.62% |
| 2023-12-31 | CN¥590.31 Million ≈ $86.38 Million |
+1.64% |
| 2022-12-31 | CN¥580.80 Million ≈ $84.99 Million |
+2.52% |
| 2021-12-31 | CN¥566.50 Million ≈ $82.90 Million |
+2.71% |
| 2020-12-31 | CN¥551.55 Million ≈ $80.71 Million |
+2.01% |
| 2019-12-31 | CN¥540.68 Million ≈ $79.12 Million |
+1.98% |
| 2018-12-31 | CN¥530.16 Million ≈ $77.58 Million |
+4.97% |
| 2017-12-31 | CN¥505.06 Million ≈ $73.91 Million |
+73.36% |
| 2016-12-31 | CN¥291.34 Million ≈ $42.63 Million |
+10.73% |
| 2015-12-31 | CN¥263.11 Million ≈ $38.50 Million |
+22.48% |
| 2014-12-31 | CN¥214.83 Million ≈ $31.44 Million |
+15.12% |
| 2013-12-31 | CN¥186.61 Million ≈ $27.31 Million |
+20.36% |
| 2012-12-31 | CN¥155.04 Million ≈ $22.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Hongyu Agricultural Machinery 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 239.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥278.80 Million | 46.46% |
| Other Components | CN¥321.26 Million | 53.54% |
| Total Equity | CN¥600.06 Million | 100.00% |
Shandong Hongyu Agricultural Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Hongyu Agricultural Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Value Line Inc
NASDAQ:VALU
|
$304.15 Million |
|
Neuberger Berman IMF Inc
NYSE MKT:NBH
|
$304.18 Million |
|
China Metal Products Co Ltd
TW:1532
|
$304.26 Million |
|
Crowell Development Corp
TW:2528
|
$304.26 Million |
|
Best Pacific International Holdings Limited
F:NWQ
|
$303.91 Million |
|
Light S.A
SA:LIGT3
|
$303.80 Million |
|
Flying Technology Co Ltd
SHG:603488
|
$303.79 Million |
|
India Nippon Electricals Limited
NSE:INDNIPPON
|
$303.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Hongyu Agricultural Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 593,988,101 to 600,058,444, a change of 6,070,343 (1.0%).
- Net income of 10,350,804 contributed positively to equity growth.
- Dividend payments of 4,416,754 reduced retained earnings.
- Other comprehensive income decreased equity by 48,281,987.
- Other factors increased equity by 48,418,280.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.35 Million | +1.72% |
| Dividends Paid | CN¥4.42 Million | -0.74% |
| Other Comprehensive Income | CN¥-48.28 Million | -8.05% |
| Other Changes | CN¥48.42 Million | +8.07% |
| Total Change | CN¥- | 1.02% |
Book Value vs Market Value Analysis
This analysis compares Shandong Hongyu Agricultural Machinery 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: 3.46x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.78x to 3.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.57 | CN¥12.23 | x |
| 2013-12-31 | CN¥1.46 | CN¥12.23 | x |
| 2014-12-31 | CN¥1.69 | CN¥12.23 | x |
| 2015-12-31 | CN¥2.07 | CN¥12.23 | x |
| 2016-12-31 | CN¥2.30 | CN¥12.23 | x |
| 2017-12-31 | CN¥3.46 | CN¥12.23 | x |
| 2018-12-31 | CN¥3.11 | CN¥12.23 | x |
| 2019-12-31 | CN¥3.22 | CN¥12.23 | x |
| 2020-12-31 | CN¥3.24 | CN¥12.23 | x |
| 2021-12-31 | CN¥3.34 | CN¥12.23 | x |
| 2022-12-31 | CN¥3.42 | CN¥12.23 | x |
| 2023-12-31 | CN¥3.47 | CN¥12.23 | x |
| 2024-12-31 | CN¥3.50 | CN¥12.23 | x |
| 2025-12-31 | CN¥3.53 | CN¥12.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Hongyu Agricultural Machinery 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): 1.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.45%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.25x
- Recent ROE (1.72%) is below the historical average (8.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 13.50% | 6.10% | 0.75x | 2.95x | CN¥5.43 Million |
| 2013 | 16.99% | 7.37% | 0.88x | 2.61x | CN¥13.05 Million |
| 2014 | 12.54% | 7.49% | 0.85x | 1.97x | CN¥5.46 Million |
| 2015 | 22.80% | 17.27% | 0.91x | 1.46x | CN¥33.69 Million |
| 2016 | 12.97% | 13.41% | 0.69x | 1.40x | CN¥8.64 Million |
| 2017 | 7.94% | 14.15% | 0.47x | 1.20x | CN¥-10.40 Million |
| 2018 | 5.31% | 11.75% | 0.37x | 1.20x | CN¥-24.89 Million |
| 2019 | 1.58% | 3.03% | 0.44x | 1.19x | CN¥-45.51 Million |
| 2020 | 4.25% | 5.76% | 0.62x | 1.19x | CN¥-31.74 Million |
| 2021 | 4.37% | 6.03% | 0.58x | 1.26x | CN¥-31.90 Million |
| 2022 | 3.89% | 5.69% | 0.54x | 1.27x | CN¥-35.47 Million |
| 2023 | 3.65% | 5.91% | 0.49x | 1.25x | CN¥-37.49 Million |
| 2024 | 2.84% | 5.24% | 0.44x | 1.24x | CN¥-42.53 Million |
| 2025 | 1.72% | 3.45% | 0.40x | 1.25x | CN¥-49.66 Million |
Industry Comparison
This section compares Shandong Hongyu Agricultural Machinery 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: $8,985,011,185
- Average return on equity (ROE) among peers: 5.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Hongyu Agricultural Machinery Co Ltd (002890) | CN¥605.61 Million | 13.50% | 0.23x | $304.01 Million |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $35.63 Billion | 22.63% | 1.01x | $7.76 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $3.38 Billion | 3.26% | 2.44x | $15.21 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $16.16 Billion | 6.17% | 1.50x | $2.48 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $3.72 Billion | 1.52% | 1.40x | $2.30 Billion |
| Faw Car Co Ltd (000800) | $7.67 Billion | -9.86% | 1.13x | $4.55 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $841.98 Million | 11.05% | 0.64x | $508.18 Million |
| HBIS Resources Co Ltd (000923) | $390.61 Million | 7.28% | 0.69x | $1.26 Billion |
| Sinotruk Jinan Truck Co Ltd (000951) | $17.58 Billion | 9.47% | 1.85x | $3.76 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $2.77 Billion | 0.85% | 2.78x | $863.27 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $1.69 Billion | 0.54% | 2.13x | $1.07 Billion |
About Shandong Hongyu Agricultural Machinery Co Ltd
Shandong Hongyu Precision Machinery Co., Ltd. engages in the research and development, manufacture, sale, and service of agricultural machinery parts and components in China and internationally. It offers electric control lifters, hydraulic lifts and cylinders, control valves, and casting products, as well as tractor parts. The company was formerly known as Shandong Hongyu Agricultural Machinery … Read more