Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) - Net Assets
Based on the latest financial reports, Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) has net assets worth CN¥6.37 Billion CNY (≈ $931.46 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¥7.02 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥652.73 Million ≈ $95.52 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 300443 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.37 Billion |
| % of Total Assets | 90.7% |
| Annual Growth Rate | 26.72% |
| 5-Year Change | 96.26% |
| 10-Year Change | 321.75% |
| Growth Volatility | 32.65 |
Shandong Laiwu Jinlei Wind Power Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Shandong Laiwu Jinlei Wind Power Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shandong Laiwu Jinlei Wind Power Technol to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Laiwu Jinlei Wind Power Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Shandong Laiwu Jinlei Wind Power Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see 300443 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.38 Billion ≈ $934.17 Million |
+5.91% |
| 2024-12-31 | CN¥6.03 Billion ≈ $882.08 Million |
-3.96% |
| 2023-12-31 | CN¥6.28 Billion ≈ $918.44 Million |
+74.06% |
| 2022-12-31 | CN¥3.61 Billion ≈ $527.65 Million |
+10.85% |
| 2021-12-31 | CN¥3.25 Billion ≈ $475.99 Million |
+11.74% |
| 2020-12-31 | CN¥2.91 Billion ≈ $425.99 Million |
+50.50% |
| 2019-12-31 | CN¥1.93 Billion ≈ $283.04 Million |
+11.33% |
| 2018-12-31 | CN¥1.74 Billion ≈ $254.24 Million |
+7.18% |
| 2017-12-31 | CN¥1.62 Billion ≈ $237.22 Million |
+7.10% |
| 2016-12-31 | CN¥1.51 Billion ≈ $221.50 Million |
+68.18% |
| 2015-12-31 | CN¥900.05 Million ≈ $131.71 Million |
+113.87% |
| 2014-12-31 | CN¥420.83 Million ≈ $61.58 Million |
+27.78% |
| 2013-12-31 | CN¥329.35 Million ≈ $48.19 Million |
+18.95% |
| 2012-12-31 | CN¥276.88 Million ≈ $40.52 Million |
+19.43% |
| 2011-12-31 | CN¥231.84 Million ≈ $33.93 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Laiwu Jinlei Wind Power 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 grown by 3828.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.72 Billion | 43.30% |
| Common Stock | CN¥320.13 Million | 5.09% |
| Other Comprehensive Income | CN¥181.04 Million | 2.88% |
| Other Components | CN¥3.06 Billion | 48.73% |
| Total Equity | CN¥6.29 Billion | 100.00% |
Shandong Laiwu Jinlei Wind Power Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Laiwu Jinlei Wind Power Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aksa Akrilik Kimya Sanayi AS
IS:AKSA
|
$1.06 Billion |
|
Equital
TA:EQTL
|
$1.06 Billion |
|
Kexin Development Co Ltd Shanxi
SHG:600234
|
$1.06 Billion |
|
Guilin Sanjin Pharmaceutical Co Ltd
SHE:002275
|
$1.06 Billion |
|
Arendals Fossekompani ASA
OL:AFK
|
$1.06 Billion |
|
Qinghai Jinrui Mineral Development Co Ltd
SHG:600714
|
$1.06 Billion |
|
Jiangxi Sanchuan Water Meter
SHE:300066
|
$1.06 Billion |
|
International General Insurance Holdings Ltd
NASDAQ:IGIC
|
$1.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Laiwu Jinlei Wind Power Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,021,588,388 to 6,289,087,737, a change of 267,499,349 (4.4%).
- Net income of 314,486,526 contributed positively to equity growth.
- Dividend payments of 54,333,763 reduced retained earnings.
- Other comprehensive income increased equity by 181,037,453.
- Other factors decreased equity by 173,690,867.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥314.49 Million | +5.0% |
| Dividends Paid | CN¥54.33 Million | -0.86% |
| Other Comprehensive Income | CN¥181.04 Million | +2.88% |
| Other Changes | CN¥-173.69 Million | -2.76% |
| Total Change | CN¥- | 4.44% |
Book Value vs Market Value Analysis
This analysis compares Shandong Laiwu Jinlei Wind Power 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: 1.15x
- 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 16.61x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.36 | CN¥22.60 | x |
| 2012-12-31 | CN¥1.54 | CN¥22.60 | x |
| 2013-12-31 | CN¥1.84 | CN¥22.60 | x |
| 2014-12-31 | CN¥2.33 | CN¥22.60 | x |
| 2015-12-31 | CN¥4.28 | CN¥22.60 | x |
| 2016-12-31 | CN¥6.57 | CN¥22.60 | x |
| 2017-12-31 | CN¥6.80 | CN¥22.60 | x |
| 2018-12-31 | CN¥7.32 | CN¥22.60 | x |
| 2019-12-31 | CN¥8.13 | CN¥22.60 | x |
| 2020-12-31 | CN¥12.04 | CN¥22.60 | x |
| 2021-12-31 | CN¥12.43 | CN¥22.60 | x |
| 2022-12-31 | CN¥13.78 | CN¥22.60 | x |
| 2023-12-31 | CN¥20.84 | CN¥22.60 | x |
| 2024-12-31 | CN¥18.69 | CN¥22.60 | x |
| 2025-12-31 | CN¥19.67 | CN¥22.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Laiwu Jinlei Wind Power 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): 5.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.68%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.13x
- Recent ROE (5.00%) is below the historical average (12.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 17.63% | 13.08% | 0.67x | 2.02x | CN¥17.70 Million |
| 2012 | 16.27% | 13.40% | 0.69x | 1.77x | CN¥17.35 Million |
| 2013 | 15.93% | 14.17% | 0.68x | 1.66x | CN¥19.53 Million |
| 2014 | 21.74% | 20.11% | 0.73x | 1.48x | CN¥49.40 Million |
| 2015 | 16.14% | 21.97% | 0.64x | 1.14x | CN¥55.26 Million |
| 2016 | 13.87% | 32.99% | 0.37x | 1.14x | CN¥58.52 Million |
| 2017 | 9.27% | 25.20% | 0.34x | 1.07x | CN¥-11.83 Million |
| 2018 | 6.70% | 14.73% | 0.43x | 1.06x | CN¥-57.40 Million |
| 2019 | 10.61% | 18.26% | 0.50x | 1.15x | CN¥11.77 Million |
| 2020 | 17.94% | 35.37% | 0.47x | 1.07x | CN¥231.12 Million |
| 2021 | 15.26% | 30.07% | 0.46x | 1.10x | CN¥171.10 Million |
| 2022 | 9.77% | 19.45% | 0.37x | 1.36x | CN¥-8.17 Million |
| 2023 | 6.73% | 21.16% | 0.28x | 1.15x | CN¥-200.05 Million |
| 2024 | 2.87% | 8.78% | 0.30x | 1.10x | CN¥-429.33 Million |
| 2025 | 5.00% | 12.68% | 0.35x | 1.13x | CN¥-314.42 Million |
Industry Comparison
This section compares Shandong Laiwu Jinlei Wind Power Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Laiwu Jinlei Wind Power Technology Co Ltd (300443) | CN¥6.37 Billion | 17.63% | 0.10x | $1.06 Billion |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Shandong Laiwu Jinlei Wind Power Technology Co Ltd
Jinlei Technology Co., Ltd., together with its subsidiaries, engages in the research, development, manufacture, machining, and sale of wind turbine main shafts, and various castings and forgings in China and internationally. The company provides fan spindle products comprising forged and casting shafts, and spindle accessories; and free forging products, including cylinders, discs, and other spec… Read more