Fujian Longxi Bearing Group Co Ltd

SHG:600592 China Specialty Industrial Machinery
Market Cap
$1.19 Billion
CN¥8.74 Billion CNY
Market Cap Rank
#8806 Global
#1723 in China
Share Price
CN¥21.87
Change (1 day)
-1.35%
52-Week Range
CN¥15.19 - CN¥30.88
All Time High
CN¥30.88
Categories
Companies in China Specialty Industrial Machinery
About

Fujian Longxi Bearing (Group) Co., Ltd, produces and sells spherical plain bearings, tapered roller bearings, rolling components, and high-end mechanical parts in China and internationally. The company provides radial, angular contact, and thrust spherical plain bearings; rod ends; rod ends for hydraulic components; ball joint rod ends; bushing; circles; and special products. The company also exp… Read more

Fujian Longxi Bearing Group Co Ltd (600592) - Net Assets

Latest net assets as of September 2025: CN¥2.61 Billion CNY

Based on the latest financial reports, Fujian Longxi Bearing Group Co Ltd (600592) has net assets worth CN¥2.61 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¥3.46 Billion) and total liabilities (CN¥850.66 Million). 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¥2.61 Billion
% of Total Assets 75.44%
Annual Growth Rate 11.35%
5-Year Change 18.7%
10-Year Change 17.22%
Growth Volatility 27.44

Fujian Longxi Bearing Group Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Fujian Longxi Bearing Group 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 Fujian Longxi Bearing Group Co Ltd (1999–2024)

The table below shows the annual net assets of Fujian Longxi Bearing Group Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥2.46 Billion +3.07%
2023-12-31 CN¥2.39 Billion +7.26%
2022-12-31 CN¥2.22 Billion -2.96%
2021-12-31 CN¥2.29 Billion +10.64%
2020-12-31 CN¥2.07 Billion +5.08%
2019-12-31 CN¥1.97 Billion +5.76%
2018-12-31 CN¥1.86 Billion -3.53%
2017-12-31 CN¥1.93 Billion +0.50%
2016-12-31 CN¥1.92 Billion -8.34%
2015-12-31 CN¥2.10 Billion -9.99%
2014-12-31 CN¥2.33 Billion +21.74%
2013-12-31 CN¥1.91 Billion +41.35%
2012-12-31 CN¥1.35 Billion +15.08%
2011-12-31 CN¥1.18 Billion -0.63%
2010-12-31 CN¥1.18 Billion +42.87%
2009-12-31 CN¥828.99 Million +5.95%
2008-12-31 CN¥782.40 Million +4.97%
2007-12-31 CN¥745.35 Million +13.90%
2006-12-31 CN¥654.39 Million +6.63%
2005-12-31 CN¥613.73 Million +8.68%
2004-12-31 CN¥564.69 Million +4.21%
2003-12-31 CN¥541.87 Million +8.89%
2002-12-31 CN¥497.62 Million +133.14%
2001-12-31 CN¥213.44 Million +24.73%
2000-12-31 CN¥171.13 Million +2.20%
1999-12-31 CN¥167.44 Million --

Equity Component Analysis

This analysis shows how different components contribute to Fujian Longxi Bearing Group 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 74979.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.14 Billion 46.55%
Common Stock CN¥399.55 Million 16.25%
Other Components CN¥914.46 Million 37.20%
Total Equity CN¥2.46 Billion 100.00%

Fujian Longxi Bearing Group Co Ltd Competitors by Market Cap

The table below lists competitors of Fujian Longxi Bearing Group Co Ltd ranked by their market capitalization.

Company Market Cap
Jsti Group
SHE:300284
 		$688.62 Million
Endurance Technologies Limited
NSE:ENDURANCE
 		$689.35 Million
Pagaya Technologies Ltd.
NASDAQ:PGY
 		$689.56 Million
Jiangyin Jianghua Microelectronics Materials Co Ltd
SHG:603078
 		$689.62 Million
PT Indosat Tbk
PINK:PTITF
 		$688.11 Million
Keboda Technology Co Ltd
SHG:603786
 		$688.07 Million
TV Asahi Holdings Corporation
PINK:THDDY
 		$687.80 Million
CHA Biotech Co. Ltd
KQ:085660
 		$687.43 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fujian Longxi Bearing Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,400,944,979 to 2,458,181,021, a change of 57,236,042 (2.4%).
  • Net income of 125,311,871 contributed positively to equity growth.
  • Dividend payments of 55,498,345 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥125.31 Million +5.1%
Dividends Paid CN¥55.50 Million -2.26%
Other Changes CN¥-12.58 Million -0.51%
Total Change CN¥- 2.38%

Book Value vs Market Value Analysis

This analysis compares Fujian Longxi Bearing Group 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: 3.60x
  • 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 39.17x to 3.60x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥0.56 CN¥21.87 x
2000-12-31 CN¥0.57 CN¥21.87 x
2001-12-31 CN¥0.67 CN¥21.87 x
2002-12-31 CN¥1.62 CN¥21.87 x
2003-12-31 CN¥1.76 CN¥21.87 x
2004-12-31 CN¥1.83 CN¥21.87 x
2005-12-31 CN¥1.97 CN¥21.87 x
2006-12-31 CN¥2.11 CN¥21.87 x
2007-12-31 CN¥2.39 CN¥21.87 x
2008-12-31 CN¥2.55 CN¥21.87 x
2009-12-31 CN¥2.67 CN¥21.87 x
2010-12-31 CN¥3.86 CN¥21.87 x
2011-12-31 CN¥3.89 CN¥21.87 x
2012-12-31 CN¥4.26 CN¥21.87 x
2013-12-31 CN¥5.13 CN¥21.87 x
2014-12-31 CN¥5.66 CN¥21.87 x
2015-12-31 CN¥5.17 CN¥21.87 x
2016-12-31 CN¥4.73 CN¥21.87 x
2017-12-31 CN¥4.75 CN¥21.87 x
2018-12-31 CN¥4.59 CN¥21.87 x
2019-12-31 CN¥4.86 CN¥21.87 x
2020-12-31 CN¥5.13 CN¥21.87 x
2021-12-31 CN¥5.72 CN¥21.87 x
2022-12-31 CN¥5.59 CN¥21.87 x
2023-12-31 CN¥5.99 CN¥21.87 x
2024-12-31 CN¥6.08 CN¥21.87 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fujian Longxi Bearing Group 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): 5.10%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.05%
  • • Asset Turnover: 0.49x
  • • Equity Multiplier: 1.48x
  • Recent ROE (5.10%) is below the historical average (8.03%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 12.67% 20.71% 0.41x 1.49x CN¥4.47 Million
2000 13.73% 22.38% 0.35x 1.75x CN¥6.39 Million
2001 14.77% 17.70% 0.48x 1.74x CN¥9.62 Million
2002 5.57% 14.26% 0.31x 1.27x CN¥-21.52 Million
2003 7.62% 13.72% 0.43x 1.28x CN¥-12.56 Million
2004 9.20% 16.14% 0.46x 1.25x CN¥-4.39 Million
2005 11.73% 15.14% 0.56x 1.38x CN¥10.21 Million
2006 12.53% 15.30% 0.60x 1.37x CN¥16.00 Million
2007 13.65% 17.02% 0.57x 1.41x CN¥26.28 Million
2008 14.51% 17.62% 0.60x 1.38x CN¥34.22 Million
2009 8.98% 15.69% 0.40x 1.42x CN¥-8.20 Million
2010 8.02% 13.87% 0.39x 1.49x CN¥-22.91 Million
2011 9.51% 13.13% 0.45x 1.60x CN¥-5.66 Million
2012 7.52% 13.39% 0.34x 1.68x CN¥-32.09 Million
2013 2.73% 7.20% 0.25x 1.51x CN¥-135.41 Million
2014 2.12% 6.65% 0.24x 1.35x CN¥-180.57 Million
2015 2.53% 8.72% 0.21x 1.36x CN¥-154.44 Million
2016 3.27% 10.09% 0.23x 1.38x CN¥-127.32 Million
2017 3.74% 7.98% 0.32x 1.48x CN¥-118.95 Million
2018 4.78% 8.55% 0.39x 1.45x CN¥-95.71 Million
2019 7.55% 15.47% 0.34x 1.42x CN¥-47.62 Million
2020 7.29% 12.91% 0.39x 1.43x CN¥-55.50 Million
2021 13.04% 20.78% 0.42x 1.51x CN¥69.48 Million
2022 -0.27% -0.35% 0.48x 1.60x CN¥-229.21 Million
2023 7.01% 8.84% 0.52x 1.54x CN¥-71.79 Million
2024 5.10% 7.05% 0.49x 1.48x CN¥-120.51 Million

Industry Comparison

This section compares Fujian Longxi Bearing Group 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
Fujian Longxi Bearing Group Co Ltd (600592) CN¥2.61 Billion 12.67% 0.33x $688.19 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