Inner Mongolia First Machinery Group Co Ltd (600967) - Net Assets
Based on the latest financial reports, Inner Mongolia First Machinery Group Co Ltd (600967) has net assets worth CN¥11.98 Billion CNY (≈ $1.75 Billion 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¥22.51 Billion ≈ $3.29 Billion USD) and total liabilities (CN¥10.53 Billion ≈ $1.54 Billion 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 600967 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¥11.98 Billion |
| % of Total Assets | 53.21% |
| Annual Growth Rate | 20.55% |
| 5-Year Change | 13.61% |
| 10-Year Change | 62.13% |
| Growth Volatility | 59.2 |
Inner Mongolia First Machinery Group Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Inner Mongolia First Machinery Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Inner Mongolia First Machinery Group Co defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Inner Mongolia First Machinery Group Co Ltd (2001–2025)
The table below shows the annual net assets of Inner Mongolia First Machinery Group Co Ltd from 2001 to 2025. For live valuation and market cap data, see Inner Mongolia First Machinery Group Co stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.84 Billion ≈ $1.73 Billion |
+1.95% |
| 2024-12-31 | CN¥11.61 Billion ≈ $1.70 Billion |
+1.23% |
| 2023-12-31 | CN¥11.47 Billion ≈ $1.68 Billion |
+4.40% |
| 2022-12-31 | CN¥10.99 Billion ≈ $1.61 Billion |
+5.45% |
| 2021-12-31 | CN¥10.42 Billion ≈ $1.53 Billion |
+6.59% |
| 2020-12-31 | CN¥9.78 Billion ≈ $1.43 Billion |
+5.74% |
| 2019-12-31 | CN¥9.25 Billion ≈ $1.35 Billion |
+8.60% |
| 2018-12-31 | CN¥8.51 Billion ≈ $1.25 Billion |
+8.21% |
| 2017-12-31 | CN¥7.87 Billion ≈ $1.15 Billion |
+7.73% |
| 2016-12-31 | CN¥7.30 Billion ≈ $1.07 Billion |
+207.44% |
| 2015-12-31 | CN¥2.38 Billion ≈ $347.61 Million |
-2.85% |
| 2014-12-31 | CN¥2.45 Billion ≈ $357.80 Million |
+1.71% |
| 2013-12-31 | CN¥2.40 Billion ≈ $351.80 Million |
+11.11% |
| 2012-12-31 | CN¥2.16 Billion ≈ $316.61 Million |
+76.16% |
| 2011-12-31 | CN¥1.23 Billion ≈ $179.73 Million |
+6.81% |
| 2010-12-31 | CN¥1.15 Billion ≈ $168.28 Million |
+5.59% |
| 2009-12-31 | CN¥1.09 Billion ≈ $159.37 Million |
+16.13% |
| 2008-12-31 | CN¥937.80 Million ≈ $137.23 Million |
+72.48% |
| 2007-12-31 | CN¥543.73 Million ≈ $79.56 Million |
+5.28% |
| 2006-12-31 | CN¥516.48 Million ≈ $75.58 Million |
+7.63% |
| 2005-12-31 | CN¥479.85 Million ≈ $70.22 Million |
-3.17% |
| 2004-12-31 | CN¥495.58 Million ≈ $72.52 Million |
+221.09% |
| 2003-12-31 | CN¥154.34 Million ≈ $22.59 Million |
+6.68% |
| 2002-12-31 | CN¥144.68 Million ≈ $21.17 Million |
+8.31% |
| 2001-12-31 | CN¥133.58 Million ≈ $19.55 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Inner Mongolia First Machinery 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 475134549620.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.75 Billion | 40.24% |
| Other Components | CN¥7.05 Billion | 59.76% |
| Total Equity | CN¥11.81 Billion | 100.00% |
Inner Mongolia First Machinery Group Co Ltd Competitors by Market Cap
The table below lists competitors of Inner Mongolia First Machinery Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mangalore Refinery and Petrochemicals Limited
NSE:MRPL
|
$2.92 Billion |
|
IAC Inc.
NASDAQ:IAC
|
$2.92 Billion |
|
Solusi Tunas Pratama Tbk
JK:SUPR
|
$2.92 Billion |
|
Kesko Oyj
HE:KESKOA
|
$2.92 Billion |
|
CorVel Corp
NASDAQ:CRVL
|
$2.92 Billion |
|
Shyam Metalics and Energy Limited
NSE:SHYAMMETL
|
$2.92 Billion |
|
Hyundai Steel
KO:004020
|
$2.92 Billion |
|
Data Patterns (India) Limited
NSE:DATAPATTNS
|
$2.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inner Mongolia First Machinery Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,579,645,892 to 11,806,259,951, a change of 226,614,059 (2.0%).
- Net income of 334,821,009 contributed positively to equity growth.
- Dividend payments of 119,721,350 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥334.82 Million | +2.84% |
| Dividends Paid | CN¥119.72 Million | -1.01% |
| Other Changes | CN¥11.51 Million | +0.1% |
| Total Change | CN¥- | 1.96% |
Book Value vs Market Value Analysis
This analysis compares Inner Mongolia First Machinery 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: 1.69x
- 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 41.07x to 1.69x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.29 | CN¥11.73 | x |
| 2002-12-31 | CN¥0.31 | CN¥11.73 | x |
| 2003-12-31 | CN¥0.33 | CN¥11.73 | x |
| 2004-12-31 | CN¥1.06 | CN¥11.73 | x |
| 2005-12-31 | CN¥1.01 | CN¥11.73 | x |
| 2006-12-31 | CN¥1.03 | CN¥11.73 | x |
| 2007-12-31 | CN¥1.09 | CN¥11.73 | x |
| 2008-12-31 | CN¥1.55 | CN¥11.73 | x |
| 2009-12-31 | CN¥1.43 | CN¥11.73 | x |
| 2010-12-31 | CN¥1.50 | CN¥11.73 | x |
| 2011-12-31 | CN¥1.63 | CN¥11.73 | x |
| 2012-12-31 | CN¥3.14 | CN¥11.73 | x |
| 2013-12-31 | CN¥2.67 | CN¥11.73 | x |
| 2014-12-31 | CN¥2.83 | CN¥11.73 | x |
| 2015-12-31 | CN¥2.97 | CN¥11.73 | x |
| 2016-12-31 | CN¥4.67 | CN¥11.73 | x |
| 2017-12-31 | CN¥4.61 | CN¥11.73 | x |
| 2018-12-31 | CN¥5.07 | CN¥11.73 | x |
| 2019-12-31 | CN¥5.43 | CN¥11.73 | x |
| 2020-12-31 | CN¥5.76 | CN¥11.73 | x |
| 2021-12-31 | CN¥6.14 | CN¥11.73 | x |
| 2022-12-31 | CN¥6.47 | CN¥11.73 | x |
| 2023-12-31 | CN¥6.72 | CN¥11.73 | x |
| 2024-12-31 | CN¥6.72 | CN¥11.73 | x |
| 2025-12-31 | CN¥6.94 | CN¥11.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Inner Mongolia First Machinery 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): 2.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.34%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.95x
- Recent ROE (2.84%) is below the historical average (8.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 15.46% | 7.15% | 1.23x | 1.76x | CN¥7.29 Million |
| 2002 | 19.80% | 8.14% | 1.29x | 1.89x | CN¥14.18 Million |
| 2003 | 22.04% | 4.39% | 1.65x | 3.05x | CN¥18.58 Million |
| 2004 | 5.02% | 2.50% | 1.02x | 1.98x | CN¥-24.68 Million |
| 2005 | -2.22% | -1.27% | 0.75x | 2.32x | CN¥-57.69 Million |
| 2006 | 2.11% | 0.82% | 0.93x | 2.77x | CN¥-38.13 Million |
| 2007 | 4.96% | 1.48% | 1.23x | 2.70x | CN¥-25.64 Million |
| 2008 | 4.19% | 1.72% | 0.88x | 2.75x | CN¥-49.05 Million |
| 2009 | 5.02% | 1.86% | 1.12x | 2.42x | CN¥-44.20 Million |
| 2010 | 6.13% | 1.99% | 1.22x | 2.54x | CN¥-36.23 Million |
| 2011 | 11.34% | 3.90% | 1.04x | 2.80x | CN¥13.66 Million |
| 2012 | 8.70% | 5.55% | 0.89x | 1.76x | CN¥-25.46 Million |
| 2013 | 11.77% | 8.07% | 0.90x | 1.61x | CN¥38.92 Million |
| 2014 | 8.62% | 6.74% | 0.87x | 1.47x | CN¥-32.20 Million |
| 2015 | 16.17% | 3.64% | 3.09x | 1.44x | CN¥139.39 Million |
| 2016 | 6.85% | 4.94% | 0.71x | 1.94x | CN¥-227.96 Million |
| 2017 | 6.72% | 4.39% | 0.66x | 2.33x | CN¥-255.82 Million |
| 2018 | 6.32% | 4.35% | 0.60x | 2.41x | CN¥-311.36 Million |
| 2019 | 6.23% | 4.51% | 0.50x | 2.76x | CN¥-345.86 Million |
| 2020 | 6.74% | 4.96% | 0.44x | 3.10x | CN¥-317.00 Million |
| 2021 | 7.20% | 5.40% | 0.44x | 3.04x | CN¥-290.62 Million |
| 2022 | 7.52% | 5.74% | 0.62x | 2.13x | CN¥-271.27 Million |
| 2023 | 7.45% | 8.51% | 0.42x | 2.08x | CN¥-292.10 Million |
| 2024 | 4.31% | 5.10% | 0.49x | 1.73x | CN¥-658.46 Million |
| 2025 | 2.84% | 3.34% | 0.44x | 1.95x | CN¥-845.80 Million |
Industry Comparison
This section compares Inner Mongolia First Machinery Group Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $3,639,675,118
- Average return on equity (ROE) among peers: 5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Inner Mongolia First Machinery Group Co Ltd (600967) | CN¥11.98 Billion | 15.46% | 0.88x | $2.92 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $2.36 Billion | -2.28% | 0.56x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $15.31 Billion | 5.08% | 2.82x | $8.38 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $4.21 Billion | 0.31% | 0.67x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $2.17 Billion | 2.24% | 0.31x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.70 Billion | 1.49% | 0.04x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.54 Billion | 2.56% | 0.54x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $1.01 Billion | 10.98% | 0.20x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $604.49 Million | 12.90% | 1.10x | $1.37 Billion |
About Inner Mongolia First Machinery Group Co Ltd
Inner Mongolia First Machinery Group Co.,Ltd. provides military and civilian products in China. It offers tanks, wheeled chariots, gondola, tankers, funnel cars, boxcars, flat cars, VIP cars, crawler bulldozers, energy-saving motors, and railway and heavy vehicle parts, as well as petroleum machineries, and other products. The company also provides snow clearing vehicles, agricultural cars and ve… Read more