Taiyuan Heavy Industry Co Ltd

SHG:600169 China Specialty Industrial Machinery
Market Cap
$1.15 Billion
CN¥8.40 Billion CNY
Market Cap Rank
#9873 Global
#2098 in China
Share Price
CN¥2.51
Change (1 day)
-1.18%
52-Week Range
CN¥2.19 - CN¥2.93
All Time High
CN¥6.84
Categories
Companies in China Specialty Industrial Machinery
About

Taiyuan Heavy Industry Co., Ltd. manufactures and sells heavy-duty machinery in China. It offers railway wheels, axles, gearboxes, wheelsets, and tunnel boring machines; mining shovels and hydraulic excavators, semi-mobile crushing stations, self-mobile crushing stations, spreaders, discharging cars, crawler transporters, and belt conveyors; heavy duty and special cranes, and dry quenching lifter… Read more

Taiyuan Heavy Industry Co Ltd (600169) - Net Assets

Latest net assets as of September 2025: CN¥5.81 Billion CNY

Based on the latest financial reports, Taiyuan Heavy Industry Co Ltd (600169) has net assets worth CN¥5.81 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¥32.39 Billion) and total liabilities (CN¥26.57 Billion). 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¥5.81 Billion
% of Total Assets 17.95%
Annual Growth Rate 13.88%
5-Year Change 16.29%
10-Year Change 8.74%
Growth Volatility 62.43

Taiyuan Heavy Industry Co Ltd - Net Assets Trend (1995–2024)

This chart illustrates how Taiyuan Heavy Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Taiyuan Heavy Industry Co Ltd (1995–2024)

The table below shows the annual net assets of Taiyuan Heavy Industry Co Ltd from 1995 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.92 Billion -9.14%
2023-12-31 CN¥6.51 Billion +1.89%
2022-12-31 CN¥6.39 Billion +9.79%
2021-12-31 CN¥5.82 Billion +14.43%
2020-12-31 CN¥5.09 Billion +50.69%
2019-12-31 CN¥3.38 Billion -19.71%
2018-12-31 CN¥4.20 Billion +0.96%
2017-12-31 CN¥4.16 Billion +1.28%
2016-12-31 CN¥4.11 Billion -24.42%
2015-12-31 CN¥5.44 Billion +0.43%
2014-12-31 CN¥5.42 Billion +0.16%
2013-12-31 CN¥5.41 Billion +0.46%
2012-12-31 CN¥5.38 Billion -5.80%
2011-12-31 CN¥5.71 Billion +6.53%
2010-12-31 CN¥5.36 Billion +75.59%
2009-12-31 CN¥3.06 Billion +21.06%
2008-12-31 CN¥2.52 Billion +108.53%
2007-12-31 CN¥1.21 Billion +29.93%
2006-12-31 CN¥931.45 Million +9.62%
2005-12-31 CN¥849.72 Million +3.34%
2004-12-31 CN¥822.24 Million +2.25%
2003-12-31 CN¥804.12 Million -8.98%
2002-12-31 CN¥883.47 Million +1.17%
2001-12-31 CN¥873.22 Million -0.02%
2000-12-31 CN¥873.40 Million +27.22%
1999-12-31 CN¥686.52 Million +10.71%
1998-12-31 CN¥620.12 Million +320.72%
1997-12-31 CN¥147.39 Million +15.37%
1996-12-31 CN¥127.76 Million -6.40%
1995-12-31 CN¥136.49 Million --

Equity Component Analysis

This analysis shows how different components contribute to Taiyuan Heavy Industry 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 38792244200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥3.36 Billion 63.91%
Other Components CN¥2.29 Billion 43.47%
Total Equity CN¥5.26 Billion 100.00%

Taiyuan Heavy Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Taiyuan Heavy Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Hunan Er Kang Pharmaceutical
SHE:300267
 		$541.65 Million
BELRISE INDUSTRIES LTD
NSE:BELRISE
 		$541.77 Million
Beyond, Inc.
NASDAQ:BYON
 		$541.91 Million
Shore Bancshares Inc
NASDAQ:SHBI
 		$542.03 Million
VITASOY INTL
MU:VS6
 		$541.44 Million
Henan Tong-Da Cable Co Ltd
SHE:002560
 		$541.36 Million
SIA ENGINEERING CO.
F:O3H
 		$541.08 Million
Wuhan Thalys Med Tech Co Ltd
SHG:603716
 		$541.06 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Taiyuan Heavy Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,225,474,000 to 5,259,438,095, a change of 33,964,095 (0.6%).
  • Net income of 194,993,793 contributed positively to equity growth.
  • Dividend payments of 560,611,435 reduced retained earnings.
  • Share repurchases of 10,829,031 reduced equity.
  • Other factors increased equity by 410,410,768.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥194.99 Million +3.71%
Dividends Paid CN¥560.61 Million -10.66%
Share Repurchases CN¥10.83 Million -0.21%
Other Changes CN¥410.41 Million +7.8%
Total Change CN¥- 0.65%

Book Value vs Market Value Analysis

This analysis compares Taiyuan Heavy Industry 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: 1.60x
  • 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 32.70x to 1.60x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.08 CN¥2.51 x
1996-12-31 CN¥0.07 CN¥2.51 x
1997-12-31 CN¥0.08 CN¥2.51 x
1998-12-31 CN¥0.35 CN¥2.51 x
1999-12-31 CN¥0.39 CN¥2.51 x
2000-12-31 CN¥0.49 CN¥2.51 x
2001-12-31 CN¥0.49 CN¥2.51 x
2002-12-31 CN¥0.49 CN¥2.51 x
2003-12-31 CN¥0.45 CN¥2.51 x
2004-12-31 CN¥0.46 CN¥2.51 x
2005-12-31 CN¥0.48 CN¥2.51 x
2006-12-31 CN¥0.53 CN¥2.51 x
2007-12-31 CN¥0.68 CN¥2.51 x
2008-12-31 CN¥1.41 CN¥2.51 x
2009-12-31 CN¥1.42 CN¥2.51 x
2010-12-31 CN¥2.50 CN¥2.51 x
2011-12-31 CN¥2.36 CN¥2.51 x
2012-12-31 CN¥2.22 CN¥2.51 x
2013-12-31 CN¥2.23 CN¥2.51 x
2014-12-31 CN¥2.24 CN¥2.51 x
2015-12-31 CN¥2.24 CN¥2.51 x
2016-12-31 CN¥1.68 CN¥2.51 x
2017-12-31 CN¥1.61 CN¥2.51 x
2018-12-31 CN¥1.63 CN¥2.51 x
2019-12-31 CN¥1.30 CN¥2.51 x
2020-12-31 CN¥1.36 CN¥2.51 x
2021-12-31 CN¥1.44 CN¥2.51 x
2022-12-31 CN¥1.51 CN¥2.51 x
2023-12-31 CN¥1.56 CN¥2.51 x
2024-12-31 CN¥1.57 CN¥2.51 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Taiyuan Heavy Industry 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): 3.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.11%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 5.94x
  • Recent ROE (3.71%) is below the historical average (5.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 36.40% 13.00% 1.03x 2.71x CN¥36.04 Million
1996 31.63% 12.25% 0.84x 3.07x CN¥27.63 Million
1997 28.49% 10.09% 1.04x 2.72x CN¥27.26 Million
1998 9.92% 15.52% 0.44x 1.44x CN¥-507.56K
1999 10.24% 16.52% 0.39x 1.59x CN¥1.67 Million
2000 3.68% 5.88% 0.37x 1.71x CN¥-54.95 Million
2001 2.36% 3.09% 0.40x 1.93x CN¥-66.41 Million
2002 1.22% 1.31% 0.39x 2.38x CN¥-77.31 Million
2003 -9.86% -7.86% 0.43x 2.92x CN¥-159.12 Million
2004 2.23% 0.99% 0.65x 3.43x CN¥-63.71 Million
2005 3.19% 1.10% 0.72x 4.01x CN¥-57.68 Million
2006 8.68% 2.30% 0.83x 4.58x CN¥-12.20 Million
2007 29.04% 6.82% 0.95x 4.46x CN¥230.46 Million
2008 17.93% 6.42% 0.76x 3.65x CN¥200.01 Million
2009 18.13% 6.86% 0.75x 3.52x CN¥248.24 Million
2010 12.15% 6.75% 0.65x 2.77x CN¥115.35 Million
2011 6.83% 3.78% 0.55x 3.28x CN¥-180.99 Million
2012 -6.17% -3.55% 0.45x 3.83x CN¥-870.37 Million
2013 0.47% 0.27% 0.40x 4.40x CN¥-515.01 Million
2014 0.59% 0.36% 0.33x 5.10x CN¥-509.15 Million
2015 0.41% 0.32% 0.24x 5.22x CN¥-521.44 Million
2016 -47.11% -44.89% 0.15x 7.13x CN¥-2.33 Billion
2017 1.26% 0.73% 0.24x 7.36x CN¥-360.74 Million
2018 0.91% 0.59% 0.20x 7.57x CN¥-378.78 Million
2019 -24.40% -11.57% 0.21x 10.08x CN¥-1.15 Billion
2020 0.74% 0.39% 0.24x 7.79x CN¥-421.12 Million
2021 3.42% 1.97% 0.27x 6.50x CN¥-315.85 Million
2022 4.25% 2.69% 0.25x 6.21x CN¥-292.68 Million
2023 3.58% 2.24% 0.26x 6.13x CN¥-335.36 Million
2024 3.71% 2.11% 0.30x 5.94x CN¥-330.95 Million

Industry Comparison

This section compares Taiyuan Heavy Industry 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: $1,242,592,243
  • Average return on equity (ROE) among peers: 0.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Taiyuan Heavy Industry Co Ltd (600169) CN¥5.81 Billion 36.40% 4.57x $541.60 Million
Huayi Compressor Co Ltd (000404) $83.42 Million 0.00% 1.93x $437.73 Million
Shenyang Machine Tool Co Ltd (000410) $973.75 Million 2.65% 2.70x $1.49 Billion
North Industries Group Red Arrow Co Ltd (000519) $351.55 Million 1.05% 0.46x $1.93 Billion
Changchai Co Ltd (000570) $1.42 Billion 15.77% 1.09x $381.98 Million
Jiangsu Youli Investment Holding Co Ltd (000584) $654.39 Million 0.62% 0.63x $25.43 Million
Baota Industry Co Ltd (000595) $374.06 Million -44.66% 1.53x $540.37 Million
SUFA Technology Industry Co Ltd CNNC (000777) $2.16 Billion 10.62% 0.70x $970.60 Million
J.S. Corrugating Machinery Co Ltd (000821) $1.86 Billion 4.58% 0.58x $763.60 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) $316.88 Million 9.87% 0.41x $876.35 Million
Ning Xia Yin Xing Energy Co Ltd (000862) $4.23 Billion 3.79% 1.25x $459.10 Million