Shandong Liancheng Precision Manufacturing Co Ltd Class A
Shandong Liancheng Precision Manufacturing Co., Ltd engages in the research and development, design, production, and sales of various precision mechanical parts in China. The company manufactures metal components and metal parts through casting, forging, and machining. Its precision mechanical parts, including hydraulic travel motor housing/rear end cover, reducer housing, hydraulic valve seat, c… Read more
Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) - Net Assets
Latest net assets as of September 2025: CN¥1.36 Billion CNY
Based on the latest financial reports, Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) has net assets worth CN¥1.36 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¥2.35 Billion) and total liabilities (CN¥983.08 Million). 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¥1.36 Billion |
| % of Total Assets | 58.08% |
| Annual Growth Rate | 13.03% |
| 5-Year Change | 31.1% |
| 10-Year Change | 190.74% |
| Growth Volatility | 17.57 |
Shandong Liancheng Precision Manufacturing Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Shandong Liancheng Precision Manufacturing Co Ltd Class A'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 Liancheng Precision Manufacturing Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Shandong Liancheng Precision Manufacturing Co Ltd Class A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.12 Billion | -5.87% |
| 2023-12-31 | CN¥1.19 Billion | -6.77% |
| 2022-12-31 | CN¥1.27 Billion | +36.87% |
| 2021-12-31 | CN¥930.00 Million | +9.14% |
| 2020-12-31 | CN¥852.10 Million | +21.26% |
| 2019-12-31 | CN¥702.71 Million | +4.43% |
| 2018-12-31 | CN¥672.92 Million | +2.92% |
| 2017-12-31 | CN¥653.80 Million | +55.48% |
| 2016-12-31 | CN¥420.50 Million | +9.44% |
| 2015-12-31 | CN¥384.24 Million | +12.73% |
| 2014-12-31 | CN¥340.86 Million | +17.44% |
| 2013-12-31 | CN¥290.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Liancheng Precision Manufacturing Co Ltd Class A'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 1.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥151.76 Million | 14.07% |
| Common Stock | CN¥130.89 Million | 12.13% |
| Other Comprehensive Income | CN¥5.21 Million | 0.48% |
| Other Components | CN¥791.01 Million | 73.32% |
| Total Equity | CN¥1.08 Billion | 100.00% |
Shandong Liancheng Precision Manufacturing Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shandong Liancheng Precision Manufacturing Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongsung FineTec Co. Ltd
KQ:033500
|
$328.54 Million |
|
Morguard North American Residential Real Estate Investment Trust
PINK:MNARF
|
$328.60 Million |
|
Investment AB Oresund
ST:ORES
|
$328.69 Million |
|
Beijing Jingxi Culture&Tourism Co Ltd
SHE:000802
|
$328.72 Million |
|
CASTELNAU GROUP LTD
F:7QZ
|
$328.48 Million |
|
RENEW ENG.GLB.A DL-0001
F:7JU
|
$328.42 Million |
|
GHCL Limited
NSE:GHCL
|
$328.35 Million |
|
Southern First Bancshares Inc
NASDAQ:SFST
|
$328.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Liancheng Precision Manufacturing Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,190,419,442 to 1,078,861,975, a change of -111,557,467 (-9.4%).
- Net loss of 37,957,353 reduced equity.
- Dividend payments of 29,683,649 reduced retained earnings.
- Share repurchases of 58,292,686 reduced equity.
- Other comprehensive income decreased equity by 88,781,718.
- Other factors increased equity by 103,157,939.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-37.96 Million | -3.52% |
| Dividends Paid | CN¥29.68 Million | -2.75% |
| Share Repurchases | CN¥58.29 Million | -5.4% |
| Other Comprehensive Income | CN¥-88.78 Million | -8.23% |
| Other Changes | CN¥103.16 Million | +9.56% |
| Total Change | CN¥- | -9.37% |
Book Value vs Market Value Analysis
This analysis compares Shandong Liancheng Precision Manufacturing Co Ltd Class A'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: 2.83x
- 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 6.71x to 2.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥3.72 | CN¥24.94 | x |
| 2014-12-31 | CN¥4.34 | CN¥24.94 | x |
| 2015-12-31 | CN¥4.89 | CN¥24.94 | x |
| 2016-12-31 | CN¥5.34 | CN¥24.94 | x |
| 2017-12-31 | CN¥8.42 | CN¥24.94 | x |
| 2018-12-31 | CN¥6.44 | CN¥24.94 | x |
| 2019-12-31 | CN¥6.75 | CN¥24.94 | x |
| 2020-12-31 | CN¥8.19 | CN¥24.94 | x |
| 2021-12-31 | CN¥8.58 | CN¥24.94 | x |
| 2022-12-31 | CN¥9.53 | CN¥24.94 | x |
| 2023-12-31 | CN¥9.77 | CN¥24.94 | x |
| 2024-12-31 | CN¥8.81 | CN¥24.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Liancheng Precision Manufacturing Co Ltd Class A 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): -3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.53%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.20x
- Recent ROE (-3.52%) is below the historical average (7.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 10.70% | 6.18% | 0.71x | 2.43x | CN¥2.04 Million |
| 2014 | 14.33% | 8.93% | 0.72x | 2.22x | CN¥14.70 Million |
| 2015 | 11.31% | 8.53% | 0.64x | 2.06x | CN¥5.03 Million |
| 2016 | 11.38% | 9.28% | 0.59x | 2.06x | CN¥5.75 Million |
| 2017 | 7.22% | 7.72% | 0.53x | 1.76x | CN¥-18.14 Million |
| 2018 | 6.69% | 6.76% | 0.54x | 1.82x | CN¥-22.23 Million |
| 2019 | 6.59% | 6.19% | 0.59x | 1.79x | CN¥-23.94 Million |
| 2020 | 8.44% | 7.88% | 0.60x | 1.78x | CN¥-13.27 Million |
| 2021 | 8.27% | 6.13% | 0.66x | 2.04x | CN¥-15.57 Million |
| 2022 | 3.16% | 3.15% | 0.54x | 1.84x | CN¥-84.08 Million |
| 2023 | 0.41% | 0.44% | 0.49x | 1.91x | CN¥-114.17 Million |
| 2024 | -3.52% | -3.53% | 0.45x | 2.20x | CN¥-145.84 Million |
Industry Comparison
This section compares Shandong Liancheng Precision Manufacturing Co Ltd Class A's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,244,978,643
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) | CN¥1.36 Billion | 10.70% | 0.72x | $328.53 Million |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $276.51 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $563.95 Million | 12.68% | 0.31x | $177.83 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $167.74 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $785.40 Million | -7.13% | 0.66x | $373.68 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.40 Billion | 2.65% | 0.12x | $461.37 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.13 Billion | 10.98% | 0.50x | $722.14 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $245.28 Million | 58.16% | 1.15x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $3.72 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $966.88 Million | 1.75% | 0.27x | $292.45 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $226.79 Million |