Shandong Swan Cotton
Shandong Swan CottonIndustrial Machinery Stock Co.,Ltd. engages in the research and development, production, marketing, and sale of cotton processing equipment in China. The company offers cotton ginning, lint cleaning, sawtooth depilatory, and seed cotton cleaning machines; dust removal drying, humidification, and intelligent processing systems; saw blade processing equipment; cotton bale automa… Read more
Shandong Swan Cotton (603029) - Net Assets
Latest net assets as of September 2025: CN¥929.56 Million CNY
Based on the latest financial reports, Shandong Swan Cotton (603029) has net assets worth CN¥929.56 Million 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¥2.33 Billion) and total liabilities (CN¥1.40 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¥929.56 Million |
| % of Total Assets | 39.82% |
| Annual Growth Rate | 7.89% |
| 5-Year Change | 17.87% |
| 10-Year Change | 76.72% |
| Growth Volatility | 10.34 |
Shandong Swan Cotton - Net Assets Trend (2011–2024)
This chart illustrates how Shandong Swan Cotton's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Swan Cotton (2011–2024)
The table below shows the annual net assets of Shandong Swan Cotton from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥896.61 Million | +5.77% |
| 2023-12-31 | CN¥847.68 Million | +6.16% |
| 2022-12-31 | CN¥798.48 Million | +6.61% |
| 2021-12-31 | CN¥748.97 Million | -1.53% |
| 2020-12-31 | CN¥760.64 Million | -2.92% |
| 2019-12-31 | CN¥783.56 Million | +1.89% |
| 2018-12-31 | CN¥769.04 Million | +7.86% |
| 2017-12-31 | CN¥713.02 Million | +0.48% |
| 2016-12-31 | CN¥709.58 Million | +39.86% |
| 2015-12-31 | CN¥507.36 Million | +9.12% |
| 2014-12-31 | CN¥464.97 Million | +11.12% |
| 2013-12-31 | CN¥418.44 Million | +15.02% |
| 2012-12-31 | CN¥363.79 Million | +8.97% |
| 2011-12-31 | CN¥333.83 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Swan Cotton'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 204.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥515.21 Million | 57.46% |
| Common Stock | CN¥121.34 Million | 13.53% |
| Other Comprehensive Income | CN¥83.69 Million | 9.33% |
| Other Components | CN¥176.40 Million | 19.67% |
| Total Equity | CN¥896.64 Million | 100.00% |
Shandong Swan Cotton Competitors by Market Cap
The table below lists competitors of Shandong Swan Cotton ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Midland Holdings Limited
F:MTK
|
$148.63 Million |
|
Auna S.A.
NYSE:AUNA
|
$148.64 Million |
|
Brazil Potash Corp.
NYSE:GRO
|
$148.72 Million |
|
Awfis Space Solutions Ltd
NSE:AWFIS
|
$148.79 Million |
|
Pihlajalinna Oyj
PINK:PIHLF
|
$148.51 Million |
|
ADVANCEDADVT LTD. ORD NPV
F:06P0
|
$148.50 Million |
|
Chien Kuo Construction Co Ltd
TW:5515
|
$148.50 Million |
|
Morris State Bancshares Inc
OTCQX:MBLU
|
$148.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Swan Cotton's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 847,677,454 to 896,641,102, a change of 48,963,648 (5.8%).
- Net income of 69,323,646 contributed positively to equity growth.
- Dividend payments of 21,405,342 reduced retained earnings.
- Other comprehensive income increased equity by 268,141.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥69.32 Million | +7.73% |
| Dividends Paid | CN¥21.41 Million | -2.39% |
| Other Comprehensive Income | CN¥268.14K | +0.03% |
| Other Changes | CN¥777.20K | +0.09% |
| Total Change | CN¥- | 5.78% |
Book Value vs Market Value Analysis
This analysis compares Shandong Swan Cotton'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: 2.93x
- 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 5.95x to 2.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥3.63 | CN¥21.60 | x |
| 2012-12-31 | CN¥3.96 | CN¥21.60 | x |
| 2013-12-31 | CN¥4.53 | CN¥21.60 | x |
| 2014-12-31 | CN¥5.12 | CN¥21.60 | x |
| 2015-12-31 | CN¥5.56 | CN¥21.60 | x |
| 2016-12-31 | CN¥6.39 | CN¥21.60 | x |
| 2017-12-31 | CN¥5.95 | CN¥21.60 | x |
| 2018-12-31 | CN¥5.88 | CN¥21.60 | x |
| 2019-12-31 | CN¥5.97 | CN¥21.60 | x |
| 2020-12-31 | CN¥5.92 | CN¥21.60 | x |
| 2021-12-31 | CN¥6.17 | CN¥21.60 | x |
| 2022-12-31 | CN¥6.58 | CN¥21.60 | x |
| 2023-12-31 | CN¥7.00 | CN¥21.60 | x |
| 2024-12-31 | CN¥7.37 | CN¥21.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Swan Cotton 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): 7.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 2.50x
- Recent ROE (7.73%) is above the historical average (6.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 15.67% | 11.78% | 0.59x | 2.24x | CN¥18.78 Million |
| 2012 | 13.39% | 9.85% | 0.53x | 2.59x | CN¥12.19 Million |
| 2013 | 11.88% | 8.80% | 0.52x | 2.62x | CN¥7.77 Million |
| 2014 | 10.36% | 8.83% | 0.59x | 1.99x | CN¥1.68 Million |
| 2015 | 7.89% | 10.55% | 0.44x | 1.71x | CN¥-10.66 Million |
| 2016 | 3.97% | 11.19% | 0.27x | 1.30x | CN¥-42.67 Million |
| 2017 | 1.55% | 3.59% | 0.33x | 1.32x | CN¥-60.10 Million |
| 2018 | 2.09% | 4.54% | 0.29x | 1.59x | CN¥-57.04 Million |
| 2019 | 3.20% | 5.02% | 0.37x | 1.73x | CN¥-49.27 Million |
| 2020 | -0.27% | -0.43% | 0.34x | 1.83x | CN¥-73.78 Million |
| 2021 | 4.82% | 6.93% | 0.39x | 1.79x | CN¥-38.76 Million |
| 2022 | 7.20% | 8.88% | 0.35x | 2.34x | CN¥-22.34 Million |
| 2023 | 7.71% | 9.29% | 0.32x | 2.62x | CN¥-19.37 Million |
| 2024 | 7.73% | 8.99% | 0.34x | 2.50x | CN¥-20.34 Million |
Industry Comparison
This section compares Shandong Swan Cotton's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Swan Cotton (603029) | CN¥929.56 Million | 15.67% | 1.51x | $148.62 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |