CITIC Heavy Industries Co Ltd (601608) - Net Assets
Based on the latest financial reports, CITIC Heavy Industries Co Ltd (601608) has net assets worth CN¥9.44 Billion CNY (≈ $1.38 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.87 Billion ≈ $2.91 Billion USD) and total liabilities (CN¥10.43 Billion ≈ $1.53 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 601608 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.44 Billion |
| % of Total Assets | 47.49% |
| Annual Growth Rate | 10.45% |
| 5-Year Change | 20.98% |
| 10-Year Change | 5.13% |
| Growth Volatility | 29.12 |
CITIC Heavy Industries Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how CITIC Heavy Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore CITIC Heavy Industries Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for CITIC Heavy Industries Co Ltd (2009–2024)
The table below shows the annual net assets of CITIC Heavy Industries Co Ltd from 2009 to 2024. For live valuation and market cap data, see market value of CITIC Heavy Industries Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.24 Billion ≈ $1.35 Billion |
+12.15% |
| 2023-12-31 | CN¥8.24 Billion ≈ $1.21 Billion |
+5.04% |
| 2022-12-31 | CN¥7.84 Billion ≈ $1.15 Billion |
+1.35% |
| 2021-12-31 | CN¥7.74 Billion ≈ $1.13 Billion |
+1.33% |
| 2020-12-31 | CN¥7.64 Billion ≈ $1.12 Billion |
+1.96% |
| 2019-12-31 | CN¥7.49 Billion ≈ $1.10 Billion |
+1.85% |
| 2018-12-31 | CN¥7.35 Billion ≈ $1.08 Billion |
+0.59% |
| 2017-12-31 | CN¥7.31 Billion ≈ $1.07 Billion |
+1.29% |
| 2016-12-31 | CN¥7.22 Billion ≈ $1.06 Billion |
-17.87% |
| 2015-12-31 | CN¥8.79 Billion ≈ $1.29 Billion |
+11.91% |
| 2014-12-31 | CN¥7.85 Billion ≈ $1.15 Billion |
-0.05% |
| 2013-12-31 | CN¥7.86 Billion ≈ $1.15 Billion |
+4.66% |
| 2012-12-31 | CN¥7.51 Billion ≈ $1.10 Billion |
+113.34% |
| 2011-12-31 | CN¥3.52 Billion ≈ $514.87 Million |
+28.74% |
| 2010-12-31 | CN¥2.73 Billion ≈ $399.93 Million |
+31.45% |
| 2009-12-31 | CN¥2.08 Billion ≈ $304.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CITIC Heavy Industries 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 69.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥894.02 Million | 9.89% |
| Common Stock | CN¥4.58 Billion | 50.64% |
| Other Components | CN¥3.57 Billion | 39.48% |
| Total Equity | CN¥9.04 Billion | 100.00% |
CITIC Heavy Industries Co Ltd Competitors by Market Cap
The table below lists competitors of CITIC Heavy Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kenon Holdings
NYSE:KEN
|
$4.06 Billion |
|
Shapir Engineering Industry
TA:SPEN
|
$4.06 Billion |
|
Corporación Moctezuma S.A.B. de C.V
MX:CMOCTEZ
|
$4.06 Billion |
|
Canadian Apartment Properties Real Estate Investment Trust
TO:CAR-UN
|
$4.06 Billion |
|
BGC Group Inc.
NASDAQ:BGC
|
$4.05 Billion |
|
Protector Forsikring ASA
OL:PROT
|
$4.05 Billion |
|
Jiangsu Dingsheng New Material Joint-Stock Co Ltd
SHG:603876
|
$4.05 Billion |
|
Vietjet Aviation JSC
VN:VJC
|
$4.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CITIC Heavy Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,016,896,565 to 9,043,488,924, a change of 1,026,592,359 (12.8%).
- Net income of 374,549,798 contributed positively to equity growth.
- Dividend payments of 165,641,900 reduced retained earnings.
- Other factors increased equity by 817,684,461.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥374.55 Million | +4.14% |
| Dividends Paid | CN¥165.64 Million | -1.83% |
| Other Changes | CN¥817.68 Million | +9.04% |
| Total Change | CN¥- | 12.81% |
Book Value vs Market Value Analysis
This analysis compares CITIC Heavy Industries 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: 2.98x
- 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 9.05x to 2.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.67 | CN¥6.05 | x |
| 2010-12-31 | CN¥0.86 | CN¥6.05 | x |
| 2011-12-31 | CN¥1.15 | CN¥6.05 | x |
| 2012-12-31 | CN¥2.07 | CN¥6.05 | x |
| 2013-12-31 | CN¥1.92 | CN¥6.05 | x |
| 2014-12-31 | CN¥2.76 | CN¥6.05 | x |
| 2015-12-31 | CN¥2.84 | CN¥6.05 | x |
| 2016-12-31 | CN¥1.66 | CN¥6.05 | x |
| 2017-12-31 | CN¥2.28 | CN¥6.05 | x |
| 2018-12-31 | CN¥1.35 | CN¥6.05 | x |
| 2019-12-31 | CN¥1.65 | CN¥6.05 | x |
| 2020-12-31 | CN¥1.68 | CN¥6.05 | x |
| 2021-12-31 | CN¥1.74 | CN¥6.05 | x |
| 2022-12-31 | CN¥1.76 | CN¥6.05 | x |
| 2023-12-31 | CN¥1.85 | CN¥6.05 | x |
| 2024-12-31 | CN¥2.03 | CN¥6.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CITIC Heavy Industries 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): 4.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.66%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 2.18x
- Recent ROE (4.14%) is below the historical average (5.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 19.94% | 7.12% | 0.48x | 5.86x | CN¥201.69 Million |
| 2010 | 24.03% | 9.86% | 0.52x | 4.67x | CN¥375.01 Million |
| 2011 | 23.27% | 11.71% | 0.54x | 3.68x | CN¥466.20 Million |
| 2012 | 11.61% | 12.04% | 0.44x | 2.19x | CN¥120.97 Million |
| 2013 | 6.25% | 9.65% | 0.29x | 2.24x | CN¥-294.28 Million |
| 2014 | 4.71% | 6.99% | 0.27x | 2.53x | CN¥-415.63 Million |
| 2015 | 0.71% | 1.54% | 0.19x | 2.36x | CN¥-816.79 Million |
| 2016 | -22.30% | -42.00% | 0.19x | 2.78x | CN¥-2.29 Billion |
| 2017 | 0.44% | 0.68% | 0.23x | 2.76x | CN¥-683.49 Million |
| 2018 | 1.48% | 2.04% | 0.26x | 2.75x | CN¥-609.66 Million |
| 2019 | 1.63% | 2.23% | 0.25x | 2.90x | CN¥-599.56 Million |
| 2020 | 2.67% | 3.09% | 0.31x | 2.76x | CN¥-535.35 Million |
| 2021 | 3.01% | 3.00% | 0.37x | 2.70x | CN¥-527.47 Million |
| 2022 | 1.91% | 1.65% | 0.45x | 2.55x | CN¥-617.88 Million |
| 2023 | 4.78% | 4.01% | 0.52x | 2.29x | CN¥-418.09 Million |
| 2024 | 4.14% | 4.66% | 0.41x | 2.18x | CN¥-529.80 Million |
Industry Comparison
This section compares CITIC Heavy Industries 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: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CITIC Heavy Industries Co Ltd (601608) | CN¥9.44 Billion | 19.94% | 1.11x | $4.05 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About CITIC Heavy Industries Co Ltd
CITIC Heavy Industries Co., Ltd. manufactures and sells heavy machinery in China and internationally. The company operates in four segments: Mining and Heavy Equipment, Robotics and Intelligent Equipment, New Energy Equipment, and Special Materials. It offers grinding mills; crushers; vertical stirred mills; high pressure grinding rolls; mine hoists; vertical roller mills; rotary kilns; and liner… Read more