Shanghai Lianming Machinery Co Ltd (603006) - Net Assets
Based on the latest financial reports, Shanghai Lianming Machinery Co Ltd (603006) has net assets worth CN¥1.56 Billion CNY (≈ $228.65 Million 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¥2.05 Billion ≈ $299.31 Million USD) and total liabilities (CN¥482.82 Million ≈ $70.65 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 Shanghai Lianming Machinery Co Ltd (603006) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.56 Billion |
| % of Total Assets | 76.39% |
| Annual Growth Rate | 20.56% |
| 5-Year Change | 17.67% |
| 10-Year Change | 136.06% |
| Growth Volatility | 18.31 |
Shanghai Lianming Machinery Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shanghai Lianming Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanghai Lianming Machinery Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Lianming Machinery Co Ltd (2008–2024)
The table below shows the annual net assets of Shanghai Lianming Machinery Co Ltd from 2008 to 2024. For live valuation and market cap data, see 603006 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.70 Billion ≈ $249.05 Million |
-0.84% |
| 2023-12-31 | CN¥1.72 Billion ≈ $251.16 Million |
-0.30% |
| 2022-12-31 | CN¥1.72 Billion ≈ $251.91 Million |
+3.43% |
| 2021-12-31 | CN¥1.66 Billion ≈ $243.57 Million |
+15.08% |
| 2020-12-31 | CN¥1.45 Billion ≈ $211.66 Million |
+4.84% |
| 2019-12-31 | CN¥1.38 Billion ≈ $201.89 Million |
+6.38% |
| 2018-12-31 | CN¥1.30 Billion ≈ $189.79 Million |
+18.55% |
| 2017-12-31 | CN¥1.09 Billion ≈ $160.09 Million |
+31.78% |
| 2016-12-31 | CN¥830.17 Million ≈ $121.48 Million |
+15.14% |
| 2015-12-31 | CN¥721.00 Million ≈ $105.51 Million |
+26.54% |
| 2014-12-31 | CN¥569.77 Million ≈ $83.37 Million |
+71.76% |
| 2013-12-31 | CN¥331.71 Million ≈ $48.54 Million |
+22.22% |
| 2012-12-31 | CN¥271.42 Million ≈ $39.72 Million |
+23.18% |
| 2011-12-31 | CN¥220.34 Million ≈ $32.24 Million |
+31.79% |
| 2010-12-31 | CN¥167.19 Million ≈ $24.47 Million |
+43.01% |
| 2009-12-31 | CN¥116.90 Million ≈ $17.11 Million |
+36.86% |
| 2008-12-31 | CN¥85.42 Million ≈ $12.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Lianming Machinery 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 4863268.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥949.57 Million | 66.00% |
| Common Stock | CN¥254.25 Million | 17.67% |
| Other Components | CN¥234.95 Million | 16.33% |
| Total Equity | CN¥1.44 Billion | 100.00% |
Shanghai Lianming Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Lianming Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd
SHE:000530
|
$478.11 Million |
|
Rongfeng Holding Group
SHE:000668
|
$478.31 Million |
|
BlackRock Limited Duration Income Trust
NYSE:BLW
|
$478.39 Million |
|
Beijing Andawell Science & Technology Co Ltd Class A
SHE:300719
|
$478.41 Million |
|
TPI Polene Public Company Limited
BK:TPIPL
|
$478.06 Million |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
$477.94 Million |
|
EQV Ventures Acquisition Corp. II
NYSE:EVAC
|
$477.93 Million |
|
Universal Cables Limited
NSE:UNIVCABLES
|
$477.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Lianming Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,446,936,062 to 1,438,772,650, a change of -8,163,412 (-0.6%).
- Net income of 63,027,777 contributed positively to equity growth.
- Dividend payments of 71,191,190 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.03 Million | +4.38% |
| Dividends Paid | CN¥71.19 Million | -4.95% |
| Other Changes | CN¥1.00 | +0.0% |
| Total Change | CN¥- | -0.56% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Lianming Machinery 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: 2.25x
- 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 18.05x to 2.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.71 | CN¥12.85 | x |
| 2009-12-31 | CN¥0.97 | CN¥12.85 | x |
| 2010-12-31 | CN¥1.39 | CN¥12.85 | x |
| 2011-12-31 | CN¥1.84 | CN¥12.85 | x |
| 2012-12-31 | CN¥2.26 | CN¥12.85 | x |
| 2013-12-31 | CN¥2.75 | CN¥12.85 | x |
| 2014-12-31 | CN¥3.02 | CN¥12.85 | x |
| 2015-12-31 | CN¥3.84 | CN¥12.85 | x |
| 2016-12-31 | CN¥4.31 | CN¥12.85 | x |
| 2017-12-31 | CN¥4.81 | CN¥12.85 | x |
| 2018-12-31 | CN¥5.43 | CN¥12.85 | x |
| 2019-12-31 | CN¥5.77 | CN¥12.85 | x |
| 2020-12-31 | CN¥6.86 | CN¥12.85 | x |
| 2021-12-31 | CN¥5.46 | CN¥12.85 | x |
| 2022-12-31 | CN¥5.66 | CN¥12.85 | x |
| 2023-12-31 | CN¥5.62 | CN¥12.85 | x |
| 2024-12-31 | CN¥5.71 | CN¥12.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Lianming Machinery 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): 4.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.05%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.50x
- Recent ROE (4.38%) is below the historical average (14.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 16.38% | 9.74% | 1.51x | 1.12x | CN¥5.45 Million |
| 2009 | 27.77% | 17.96% | 0.82x | 1.90x | CN¥20.78 Million |
| 2010 | 30.08% | 17.09% | 1.01x | 1.75x | CN¥33.57 Million |
| 2011 | 24.12% | 16.36% | 0.94x | 1.57x | CN¥31.12 Million |
| 2012 | 18.82% | 14.31% | 0.92x | 1.44x | CN¥23.94 Million |
| 2013 | 18.18% | 14.89% | 0.85x | 1.44x | CN¥27.13 Million |
| 2014 | 11.63% | 12.56% | 0.72x | 1.29x | CN¥9.30 Million |
| 2015 | 13.56% | 14.30% | 0.73x | 1.30x | CN¥25.63 Million |
| 2016 | 15.55% | 14.00% | 0.83x | 1.34x | CN¥46.11 Million |
| 2017 | 12.27% | 11.19% | 0.62x | 1.78x | CN¥21.06 Million |
| 2018 | 9.79% | 9.86% | 0.50x | 1.98x | CN¥-2.20 Million |
| 2019 | 6.58% | 7.05% | 0.51x | 1.83x | CN¥-37.92 Million |
| 2020 | 9.95% | 11.63% | 0.56x | 1.54x | CN¥-637.93K |
| 2021 | 9.89% | 11.25% | 0.54x | 1.64x | CN¥-1.48 Million |
| 2022 | 10.29% | 12.02% | 0.54x | 1.59x | CN¥4.19 Million |
| 2023 | 7.29% | 9.27% | 0.50x | 1.56x | CN¥-39.20 Million |
| 2024 | 4.38% | 8.05% | 0.36x | 1.50x | CN¥-80.85 Million |
Industry Comparison
This section compares Shanghai Lianming Machinery Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,509,898,498
- Average return on equity (ROE) among peers: 9.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Lianming Machinery Co Ltd (603006) | CN¥1.56 Billion | 16.38% | 0.31x | $478.09 Million |
| FAWER Automotive Parts Ltd Co (000030) | $8.47 Billion | 5.92% | 0.80x | $1.04 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $445.83 Million | 12.50% | 0.68x | $6.67 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $427.94 Million | 15.75% | 0.49x | $2.03 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $2.38 Billion | -25.26% | 3.14x | $1.55 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.32 Billion | 0.87% | 1.12x | $653.72 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.39 Billion | 17.69% | 1.83x | $2.08 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $285.31 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $334.20 Million | 2.19% | 0.85x | $4.21 Billion |
About Shanghai Lianming Machinery Co Ltd
Shanghai Lianming Machinery Co., Ltd. engages in the automotive industry in China and internationally. The company offers auto body parts, automobile stampings, and welding assembly parts. It also provides supply chain management services, the packaging equipment business and the cold chain logistics business. The company was founded in 2003 and is headquartered in Shanghai, China.