Sichuan Shudao Equipment & Technology Co Ltd (300540) - Net Assets
Based on the latest financial reports, Sichuan Shudao Equipment & Technology Co Ltd (300540) has net assets worth CN¥1.17 Billion CNY (≈ $171.10 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¥2.14 Billion ≈ $312.55 Million USD) and total liabilities (CN¥966.60 Million ≈ $141.44 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 300540 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.17 Billion |
| % of Total Assets | 54.74% |
| Annual Growth Rate | 23.96% |
| 5-Year Change | 117.55% |
| 10-Year Change | 79.44% |
| Growth Volatility | 43.12 |
Sichuan Shudao Equipment & Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Sichuan Shudao Equipment & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Sichuan Shudao Equipment & Technology Co to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Shudao Equipment & Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Sichuan Shudao Equipment & Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see market cap of Sichuan Shudao Equipment & Technology Co.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.16 Billion ≈ $169.29 Million |
+3.32% |
| 2024-12-31 | CN¥1.12 Billion ≈ $163.86 Million |
+9.80% |
| 2023-12-31 | CN¥1.02 Billion ≈ $149.23 Million |
+4.52% |
| 2022-12-31 | CN¥975.67 Million ≈ $142.77 Million |
+83.46% |
| 2021-12-31 | CN¥531.80 Million ≈ $77.82 Million |
-9.73% |
| 2020-12-31 | CN¥589.13 Million ≈ $86.21 Million |
+4.06% |
| 2019-12-31 | CN¥566.17 Million ≈ $82.85 Million |
+3.13% |
| 2018-12-31 | CN¥548.99 Million ≈ $80.33 Million |
-16.64% |
| 2017-12-31 | CN¥658.61 Million ≈ $96.38 Million |
+2.15% |
| 2016-12-31 | CN¥644.76 Million ≈ $94.35 Million |
+112.65% |
| 2015-12-31 | CN¥303.19 Million ≈ $44.37 Million |
+20.53% |
| 2014-12-31 | CN¥251.56 Million ≈ $36.81 Million |
+32.46% |
| 2013-12-31 | CN¥189.92 Million ≈ $27.79 Million |
+50.85% |
| 2012-12-31 | CN¥125.90 Million ≈ $18.42 Million |
+120.09% |
| 2011-12-31 | CN¥57.20 Million ≈ $8.37 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Shudao Equipment & 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 195.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥119.94 Million | 10.59% |
| Other Components | CN¥1.01 Billion | 89.41% |
| Total Equity | CN¥1.13 Billion | 100.00% |
Sichuan Shudao Equipment & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Shudao Equipment & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Coreach Technology Co Ltd
SHE:002983
|
$843.76 Million |
|
Sats ASA
OL:SATS
|
$843.77 Million |
|
Ads Tec Energy PLC
NASDAQ:ADSE
|
$843.77 Million |
|
R&S GROUP HOLDING AG
SW:RSGN
|
$844.27 Million |
|
Beijing Navigation Control Technology Co. Ltd.
SHG:688282
|
$843.58 Million |
|
Evotec SE
XETRA:EVT
|
$843.57 Million |
|
Drägerwerk AG & Co. KGaA (pref)
F:DRW3
|
$843.56 Million |
|
Chipsea Technologies Shenzhen Corp Ltd
SHG:688595
|
$843.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Shudao Equipment & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,094,730,765 to 1,132,283,180, a change of 37,552,415 (3.4%).
- Net income of 60,081,091 contributed positively to equity growth.
- Dividend payments of 11,761,514 reduced retained earnings.
- Other comprehensive income decreased equity by 22,373,624.
- Other factors increased equity by 11,606,463.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥60.08 Million | +5.31% |
| Dividends Paid | CN¥11.76 Million | -1.04% |
| Other Comprehensive Income | CN¥-22.37 Million | -1.98% |
| Other Changes | CN¥11.61 Million | +1.03% |
| Total Change | CN¥- | 3.43% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Shudao Equipment & 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: 5.14x
- 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 40.69x to 5.14x 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¥0.62 | CN¥25.33 | x |
| 2012-12-31 | CN¥1.39 | CN¥25.33 | x |
| 2013-12-31 | CN¥2.07 | CN¥25.33 | x |
| 2014-12-31 | CN¥1.96 | CN¥25.33 | x |
| 2015-12-31 | CN¥2.34 | CN¥25.33 | x |
| 2016-12-31 | CN¥4.53 | CN¥25.33 | x |
| 2017-12-31 | CN¥3.81 | CN¥25.33 | x |
| 2018-12-31 | CN¥3.15 | CN¥25.33 | x |
| 2019-12-31 | CN¥3.14 | CN¥25.33 | x |
| 2020-12-31 | CN¥3.25 | CN¥25.33 | x |
| 2021-12-31 | CN¥2.90 | CN¥25.33 | x |
| 2022-12-31 | CN¥4.38 | CN¥25.33 | x |
| 2023-12-31 | CN¥4.50 | CN¥25.33 | x |
| 2024-12-31 | CN¥4.87 | CN¥25.33 | x |
| 2025-12-31 | CN¥4.93 | CN¥25.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Shudao Equipment & 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): 5.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.46%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.87x
- Recent ROE (5.31%) is below the historical average (10.61%), 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 | 52.46% | 18.93% | 0.82x | 3.39x | CN¥23.91 Million |
| 2012 | 37.03% | 22.77% | 0.54x | 2.99x | CN¥33.62 Million |
| 2013 | 32.76% | 16.67% | 0.65x | 3.02x | CN¥42.53 Million |
| 2014 | 28.60% | 13.81% | 0.87x | 2.38x | CN¥45.91 Million |
| 2015 | 20.56% | 13.37% | 0.62x | 2.48x | CN¥31.20 Million |
| 2016 | 6.08% | 12.53% | 0.34x | 1.43x | CN¥-24.92 Million |
| 2017 | 2.98% | 8.05% | 0.25x | 1.49x | CN¥-45.46 Million |
| 2018 | -21.75% | -34.05% | 0.33x | 1.93x | CN¥-170.44 Million |
| 2019 | 1.35% | 1.70% | 0.46x | 1.72x | CN¥-47.36 Million |
| 2020 | 1.66% | 1.82% | 0.43x | 2.12x | CN¥-47.26 Million |
| 2021 | -15.11% | -14.33% | 0.45x | 2.32x | CN¥-127.04 Million |
| 2022 | -2.59% | -10.50% | 0.16x | 1.52x | CN¥-121.84 Million |
| 2023 | 3.23% | 4.88% | 0.38x | 1.72x | CN¥-68.51 Million |
| 2024 | 6.61% | 8.40% | 0.41x | 1.92x | CN¥-37.11 Million |
| 2025 | 5.31% | 8.46% | 0.34x | 1.87x | CN¥-53.15 Million |
Industry Comparison
This section compares Sichuan Shudao Equipment & 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 |
|---|---|---|---|---|
| Sichuan Shudao Equipment & Technology Co Ltd (300540) | CN¥1.17 Billion | 52.46% | 0.83x | $843.59 Million |
| 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 Sichuan Shudao Equipment & Technology Co Ltd
Sichuan Shudao Equipment & Technology Co.,Ltd. engages in the research and development, manufacture, and sale of natural gas liquefaction, liquid air separation, and cryogenic liquid storage and transportation equipment in China and internationally. The company offers coke oven gas liquefaction, coalbed methane liquefaction, air separation, chemical tail gas and light hydrocarbon recovery, oxygen… Read more