Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) - Net Assets
Based on the latest financial reports, Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) has net assets worth CN¥1.35 Billion CNY (≈ $197.50 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¥2.35 Billion ≈ $344.40 Million USD) and total liabilities (CN¥1.00 Billion ≈ $146.90 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. Explore Shandong Liancheng Precision Manufacturi (002921) cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.35 Billion |
| % of Total Assets | 57.35% |
| Annual Growth Rate | 13.69% |
| 5-Year Change | 45.54% |
| 10-Year Change | 221.87% |
| Growth Volatility | 16.92 |
Shandong Liancheng Precision Manufacturing Co Ltd Class A - Net Assets Trend (2013–2025)
This chart illustrates how Shandong Liancheng Precision Manufacturing Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Liancheng Precision Manufacturi asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Shandong Liancheng Precision Manufacturing Co Ltd Class A (2013–2025)
The table below shows the annual net assets of Shandong Liancheng Precision Manufacturing Co Ltd Class A from 2013 to 2025. For live valuation and market cap data, see Shandong Liancheng Precision Manufacturi market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.35 Billion ≈ $198.06 Million |
+21.16% |
| 2024-12-31 | CN¥1.12 Billion ≈ $163.47 Million |
-5.87% |
| 2023-12-31 | CN¥1.19 Billion ≈ $173.66 Million |
-6.77% |
| 2022-12-31 | CN¥1.27 Billion ≈ $186.26 Million |
+36.87% |
| 2021-12-31 | CN¥930.00 Million ≈ $136.09 Million |
+9.14% |
| 2020-12-31 | CN¥852.10 Million ≈ $124.69 Million |
+21.26% |
| 2019-12-31 | CN¥702.71 Million ≈ $102.83 Million |
+4.43% |
| 2018-12-31 | CN¥672.92 Million ≈ $98.47 Million |
+2.92% |
| 2017-12-31 | CN¥653.80 Million ≈ $95.67 Million |
+55.48% |
| 2016-12-31 | CN¥420.50 Million ≈ $61.53 Million |
+9.44% |
| 2015-12-31 | CN¥384.24 Million ≈ $56.23 Million |
+12.73% |
| 2014-12-31 | CN¥340.86 Million ≈ $49.88 Million |
+17.44% |
| 2013-12-31 | CN¥290.24 Million ≈ $42.47 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 decreased by 10.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥134.72 Million | 10.24% |
| Other Components | CN¥1.18 Billion | 89.76% |
| Total Equity | CN¥1.32 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 |
|---|---|
|
Mega-info Media Co.Ltd.
SHE:301102
|
$600.64 Million |
|
BMC Medical Co. Ltd. A
SHE:301367
|
$600.65 Million |
|
BGRIMM Science and Technology Co Ltd
SHG:600980
|
$600.71 Million |
|
CorMedix Inc
NASDAQ:CRMD
|
$600.87 Million |
|
Zhejiang Xinao Textiles Inc
SHG:603889
|
$600.54 Million |
|
Shandong Lubei Chemical Co Ltd
SHG:600727
|
$600.22 Million |
|
Fineos Corporation Holdings Plc
AU:FCL
|
$600.22 Million |
|
Hunan Huasheng Co Ltd
SHG:600156
|
$600.18 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 2024 to 2025, total equity changed from 1,078,861,975 to 1,315,196,481, a change of 236,334,506 (21.9%).
- Net loss of 14,492,896 reduced equity.
- Dividend payments of 13,113,044 reduced retained earnings.
- Other comprehensive income decreased equity by 5,210,128.
- Other factors increased equity by 269,150,574.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-14.49 Million | -1.1% |
| Dividends Paid | CN¥13.11 Million | -1.0% |
| Other Comprehensive Income | CN¥-5.21 Million | -0.4% |
| Other Changes | CN¥269.15 Million | +20.46% |
| Total Change | CN¥- | 21.91% |
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: 3.12x
- 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 7.41x to 3.12x 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¥27.55 | x |
| 2014-12-31 | CN¥4.85 | CN¥27.55 | x |
| 2015-12-31 | CN¥4.89 | CN¥27.55 | x |
| 2016-12-31 | CN¥5.34 | CN¥27.55 | x |
| 2017-12-31 | CN¥8.42 | CN¥27.55 | x |
| 2018-12-31 | CN¥6.44 | CN¥27.55 | x |
| 2019-12-31 | CN¥6.77 | CN¥27.55 | x |
| 2020-12-31 | CN¥8.17 | CN¥27.55 | x |
| 2021-12-31 | CN¥8.59 | CN¥27.55 | x |
| 2022-12-31 | CN¥9.53 | CN¥27.55 | x |
| 2023-12-31 | CN¥9.77 | CN¥27.55 | x |
| 2024-12-31 | CN¥8.81 | CN¥27.55 | x |
| 2025-12-31 | CN¥8.83 | CN¥27.55 | 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): -1.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.25%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.76x
- Recent ROE (-1.10%) is below the historical average (6.37%), 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 | 2.10% | 2.10% | 0.54x | 1.84x | CN¥-97.06 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 |
| 2025 | -1.10% | -1.25% | 0.50x | 1.76x | CN¥-146.01 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: $8,635,242,153
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Liancheng Precision Manufacturing Co Ltd Class A (002921) | CN¥1.35 Billion | 10.70% | 0.74x | $600.56 Million |
| China International Marine Containers Group Ltd (000039) | $63.51 Billion | 0.35% | 1.64x | $3.48 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $185.80 Million | 14.21% | 4.20x | $325.72 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.36 Billion | 2.04% | 0.54x | $376.63 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $3.08 Billion | 6.48% | 0.54x | $1.09 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $2.93 Billion | 6.91% | 0.38x | $1.47 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.38 Billion | 4.44% | 0.48x | $1.72 Billion |
| Dajin Heavy Industry Corp (002487) | $3.00 Billion | 19.25% | 1.22x | $6.97 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $1.02 Billion | 4.60% | 0.38x | $507.85 Million |
| Guangzheng Group Co Ltd (002524) | $285.90 Million | 3.24% | 4.42x | $291.08 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $9.61 Billion | 8.03% | 1.63x | $1.86 Billion |
About 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