Lanzhou LS Heavy Equipment Co (603169) - Net Assets

Latest as of September 2025: CN¥3.56 Billion CNY ≈ $520.67 Million USD

Based on the latest financial reports, Lanzhou LS Heavy Equipment Co (603169) has net assets worth CN¥3.56 Billion CNY (≈ $520.67 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¥12.67 Billion ≈ $1.85 Billion USD) and total liabilities (CN¥9.11 Billion ≈ $1.33 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 Lanzhou LS Heavy Equipment Co (603169) asset resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.56 Billion
% of Total Assets	28.08%
Annual Growth Rate	13.7%
5-Year Change	103.46%
10-Year Change	13.08%
Growth Volatility	45.59

Lanzhou LS Heavy Equipment Co - Net Assets Trend (2011–2024)

This chart illustrates how Lanzhou LS Heavy Equipment Co's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Lanzhou LS Heavy Equipment Co for the complete picture of this company's asset base.

Annual Net Assets for Lanzhou LS Heavy Equipment Co (2011–2024)

The table below shows the annual net assets of Lanzhou LS Heavy Equipment Co from 2011 to 2024. For live valuation and market cap data, see Lanzhou LS Heavy Equipment Co (603169) total market value.

Year	Net Assets	Change
2024-12-31	CN¥3.53 Billion ≈ $516.73 Million	+5.15%
2023-12-31	CN¥3.36 Billion ≈ $491.41 Million	+0.39%
2022-12-31	CN¥3.35 Billion ≈ $489.50 Million	+5.01%
2021-12-31	CN¥3.19 Billion ≈ $466.16 Million	+83.55%
2020-12-31	CN¥1.74 Billion ≈ $253.97 Million	-14.18%
2019-12-31	CN¥2.02 Billion ≈ $295.94 Million	+4.59%
2018-12-31	CN¥1.93 Billion ≈ $282.96 Million	-43.59%
2017-12-31	CN¥3.43 Billion ≈ $501.60 Million	+14.84%
2016-12-31	CN¥2.98 Billion ≈ $436.77 Million	-4.42%
2015-12-31	CN¥3.12 Billion ≈ $456.97 Million	+133.98%
2014-12-31	CN¥1.33 Billion ≈ $195.30 Million	+72.83%
2013-12-31	CN¥772.24 Million ≈ $113.00 Million	+5.03%
2012-12-31	CN¥735.24 Million ≈ $107.59 Million	+10.54%
2011-12-31	CN¥665.12 Million ≈ $97.33 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Lanzhou LS Heavy Equipment Co'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 decreased by 465.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥1.31 Billion	39.59%
Other Comprehensive Income	CN¥126.09 Million	3.82%
Other Components	CN¥2.36 Billion	71.54%
Total Equity	CN¥3.30 Billion	100.00%

Lanzhou LS Heavy Equipment Co Competitors by Market Cap

The table below lists competitors of Lanzhou LS Heavy Equipment Co ranked by their market capitalization.

Company	Market Cap
Shanghai MicroPort EV MedTech Co. Ltd. A SHG:688351	$1.61 Billion
JBM Auto Limited NSE:JBMA	$1.61 Billion
Stagwell Inc NASDAQ:STGW	$1.61 Billion
Wuxi Chipown Micro-electronics Ltd SHG:688508	$1.61 Billion
JSL Construction & Development Co Ltd TW:2540	$1.61 Billion
Befar Group Co Ltd SHG:601678	$1.61 Billion
Rapport Therapeutics, Inc. Common Stock NASDAQ:RAPP	$1.61 Billion
Norwegian Air Shuttle ASA OL:NAS	$1.61 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Lanzhou LS Heavy Equipment Co's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,139,578,321 to 3,299,352,767, a change of 159,774,446 (5.1%).
Net income of 156,178,502 contributed positively to equity growth.
Dividend payments of 158,045,989 reduced retained earnings.
Other comprehensive income increased equity by 3,595,948.
Other factors increased equity by 158,045,985.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥156.18 Million	+4.73%
Dividends Paid	CN¥158.05 Million	-4.79%
Other Comprehensive Income	CN¥3.60 Million	+0.11%
Other Changes	CN¥158.05 Million	+4.79%
Total Change	CN¥-	5.09%

Book Value vs Market Value Analysis

This analysis compares Lanzhou LS Heavy Equipment Co'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: 3.34x
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 9.95x to 3.34x 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¥0.85	CN¥8.43	x
2012-12-31	CN¥0.92	CN¥8.43	x
2013-12-31	CN¥0.98	CN¥8.43	x
2014-12-31	CN¥1.62	CN¥8.43	x
2015-12-31	CN¥3.30	CN¥8.43	x
2016-12-31	CN¥2.91	CN¥8.43	x
2017-12-31	CN¥3.22	CN¥8.43	x
2018-12-31	CN¥1.69	CN¥8.43	x
2019-12-31	CN¥1.74	CN¥8.43	x
2020-12-31	CN¥1.46	CN¥8.43	x
2021-12-31	CN¥2.82	CN¥8.43	x
2022-12-31	CN¥2.40	CN¥8.43	x
2023-12-31	CN¥2.40	CN¥8.43	x
2024-12-31	CN¥2.53	CN¥8.43	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lanzhou LS Heavy Equipment Co 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): 4.73%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.70%
• Asset Turnover: 0.47x
• Equity Multiplier: 3.75x
Recent ROE (4.73%) is above the historical average (0.17%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	13.86%	7.29%	0.60x	3.16x	CN¥25.24 Million
2012	9.30%	5.80%	0.52x	3.09x	CN¥-5.09 Million
2013	6.39%	3.78%	0.40x	4.22x	CN¥-27.85 Million
2014	32.43%	29.90%	0.24x	4.56x	CN¥299.34 Million
2015	20.70%	26.22%	0.31x	2.51x	CN¥334.19 Million
2016	0.55%	0.95%	0.23x	2.51x	CN¥-282.06 Million
2017	0.27%	0.30%	0.27x	3.32x	CN¥-319.61 Million
2018	-85.13%	-59.24%	0.22x	6.40x	CN¥-1.69 Billion
2019	3.07%	1.64%	0.31x	6.09x	CN¥-127.01 Million
2020	-18.50%	-9.82%	0.28x	6.85x	CN¥-438.64 Million
2021	4.14%	3.04%	0.33x	4.09x	CN¥-173.55 Million
2022	5.60%	3.53%	0.43x	3.73x	CN¥-138.09 Million
2023	4.90%	2.98%	0.41x	3.99x	CN¥-160.22 Million
2024	4.73%	2.70%	0.47x	3.75x	CN¥-173.76 Million

Industry Comparison

This section compares Lanzhou LS Heavy Equipment Co'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
Lanzhou LS Heavy Equipment Co (603169)	CN¥3.56 Billion	13.86%	2.56x	$1.61 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 Lanzhou LS Heavy Equipment Co

SHG:603169 China Specialty Industrial Machinery

Market Cap

$1.61 Billion

CN¥11.01 Billion CNY

Market Cap Rank

#7094 Global

#1664 in China

Share Price

CN¥8.43

Change (1 day)

+1.08%

52-Week Range

CN¥7.29 - CN¥13.43

All Time High

CN¥21.90