Shandong Meichen Science & Technology Co Ltd (300237) - Net Assets
Based on the latest financial reports, Shandong Meichen Science & Technology Co Ltd (300237) has net assets worth CN¥129.29 Million CNY (≈ $18.92 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.41 Billion ≈ $791.81 Million USD) and total liabilities (CN¥5.28 Billion ≈ $772.89 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 Shandong Meichen Science & Technology Co liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥129.29 Million |
| % of Total Assets | 2.39% |
| Annual Growth Rate | 7.95% |
| 5-Year Change | -93.19% |
| 10-Year Change | -89.82% |
| Growth Volatility | 66.88 |
Shandong Meichen Science & Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Meichen Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Meichen Science & Technology Co (300237) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Meichen Science & Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Meichen Science & Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see Shandong Meichen Science & Technology Co stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥228.98 Million ≈ $33.51 Million |
-53.55% |
| 2023-12-31 | CN¥492.97 Million ≈ $72.14 Million |
-54.76% |
| 2022-12-31 | CN¥1.09 Billion ≈ $159.44 Million |
-55.53% |
| 2021-12-31 | CN¥2.45 Billion ≈ $358.51 Million |
-27.11% |
| 2020-12-31 | CN¥3.36 Billion ≈ $491.85 Million |
-9.82% |
| 2019-12-31 | CN¥3.73 Billion ≈ $545.43 Million |
+1.53% |
| 2018-12-31 | CN¥3.67 Billion ≈ $537.21 Million |
+9.38% |
| 2017-12-31 | CN¥3.36 Billion ≈ $491.13 Million |
+25.22% |
| 2016-12-31 | CN¥2.68 Billion ≈ $392.21 Million |
+19.15% |
| 2015-12-31 | CN¥2.25 Billion ≈ $329.16 Million |
+84.10% |
| 2014-12-31 | CN¥1.22 Billion ≈ $178.79 Million |
+110.06% |
| 2013-12-31 | CN¥581.67 Million ≈ $85.12 Million |
+4.73% |
| 2012-12-31 | CN¥555.38 Million ≈ $81.27 Million |
-2.41% |
| 2011-12-31 | CN¥569.11 Million ≈ $83.28 Million |
+205.20% |
| 2010-12-31 | CN¥186.47 Million ≈ $27.29 Million |
+63.86% |
| 2009-12-31 | CN¥113.80 Million ≈ $16.65 Million |
+68.89% |
| 2008-12-31 | CN¥67.38 Million ≈ $9.86 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Meichen Science & Technology 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 decreased by 8154.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥3.06 Billion | 2992.42% |
| Total Equity | CN¥102.20 Million | 100.00% |
Shandong Meichen Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Meichen Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACNB Corporation
NASDAQ:ACNB
|
$483.21 Million |
|
Yantai Zhenghai Bio-Tech Co Ltd
SHE:300653
|
$483.33 Million |
|
MiCo Ltd
KQ:059090
|
$483.45 Million |
|
Shenzhen Keanda Electronic Techno
SHE:002972
|
$483.46 Million |
|
Shenzhen Huakong Seg Co Ltd
SHE:000068
|
$483.17 Million |
|
S.C. CHIMCOMPLEX S.A.
RO:CRC
|
$483.08 Million |
|
XiAn Typical Industries Co Ltd
SHG:600302
|
$483.03 Million |
|
Baotou Dongbao Bio-Tech Co Ltd
SHE:300239
|
$482.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Meichen Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 333,812,084 to 102,196,971, a change of -231,615,113 (-69.4%).
- Net loss of 568,389,242 reduced equity.
- Dividend payments of 162,265,148 reduced retained earnings.
- Other factors increased equity by 499,039,276.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-568.39 Million | -556.17% |
| Dividends Paid | CN¥162.27 Million | -158.78% |
| Other Changes | CN¥499.04 Million | +488.31% |
| Total Change | CN¥- | -69.38% |
Book Value vs Market Value Analysis
This analysis compares Shandong Meichen Science & Technology 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: 32.31x
- 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 increased from 1.04x to 32.31x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.20 | CN¥2.29 | x |
| 2018-12-31 | CN¥2.42 | CN¥2.29 | x |
| 2019-12-31 | CN¥2.44 | CN¥2.29 | x |
| 2020-12-31 | CN¥2.20 | CN¥2.29 | x |
| 2021-12-31 | CN¥1.56 | CN¥2.29 | x |
| 2022-12-31 | CN¥0.64 | CN¥2.29 | x |
| 2023-12-31 | CN¥0.23 | CN¥2.29 | x |
| 2024-12-31 | CN¥0.07 | CN¥2.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Meichen Science & Technology 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): -556.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -31.95%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 54.05x
- Recent ROE (-556.17%) is below the historical average (-54.55%), 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 | 34.61% | 13.01% | 1.26x | 2.11x | CN¥16.41 Million |
| 2009 | 43.87% | 14.64% | 1.21x | 2.47x | CN¥38.54 Million |
| 2010 | 43.55% | 14.03% | 1.26x | 2.47x | CN¥62.57 Million |
| 2011 | 8.84% | 9.64% | 0.59x | 1.57x | CN¥-6.58 Million |
| 2012 | 3.35% | 4.17% | 0.48x | 1.66x | CN¥-36.82 Million |
| 2013 | 5.51% | 5.30% | 0.62x | 1.68x | CN¥-26.12 Million |
| 2014 | 8.43% | 9.06% | 0.40x | 2.35x | CN¥-19.22 Million |
| 2015 | 9.40% | 11.60% | 0.41x | 1.99x | CN¥-13.38 Million |
| 2016 | 16.90% | 15.14% | 0.50x | 2.22x | CN¥182.43 Million |
| 2017 | 19.03% | 15.67% | 0.48x | 2.53x | CN¥289.20 Million |
| 2018 | 10.60% | 10.66% | 0.38x | 2.63x | CN¥21.07 Million |
| 2019 | 2.28% | 2.73% | 0.28x | 2.99x | CN¥-273.30 Million |
| 2020 | 1.62% | 1.69% | 0.28x | 3.48x | CN¥-268.14 Million |
| 2021 | -16.24% | -17.69% | 0.20x | 4.54x | CN¥-593.13 Million |
| 2022 | -146.29% | -99.28% | 0.14x | 10.17x | CN¥-1.45 Billion |
| 2023 | -416.63% | -82.59% | 0.20x | 24.98x | CN¥-1.42 Billion |
| 2024 | -556.17% | -31.95% | 0.32x | 54.05x | CN¥-578.61 Million |
Industry Comparison
This section compares Shandong Meichen Science & Technology Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Meichen Science & Technology Co Ltd (300237) | CN¥129.29 Million | 34.61% | 40.85x | $483.18 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Shandong Meichen Science & Technology Co Ltd
Shandong Meichen Technology Group Co., Ltd. engages in the research and development, design, manufacture, and sale of various fluid delivery system products and suspension vibration reduction system products in China. The company develops and produces fluid pipelines, rubber damping and suspension systems, new energy thermal management systems, and energy storage equipment products, which are use… Read more