Riyue Heavy Industry Co Ltd (603218) - Net Assets
Based on the latest financial reports, Riyue Heavy Industry Co Ltd (603218) has net assets worth CN¥10.31 Billion CNY (≈ $1.51 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¥14.24 Billion ≈ $2.08 Billion USD) and total liabilities (CN¥3.94 Billion ≈ $575.88 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 Riyue Heavy Industry Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.31 Billion |
| % of Total Assets | 72.37% |
| Annual Growth Rate | 25.92% |
| 5-Year Change | 23.12% |
| 10-Year Change | 651.54% |
| Growth Volatility | 37.98 |
Riyue Heavy Industry Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Riyue Heavy Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Riyue Heavy Industry Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Riyue Heavy Industry Co Ltd (2011–2024)
The table below shows the annual net assets of Riyue Heavy Industry Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603218 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.22 Billion ≈ $1.50 Billion |
+3.78% |
| 2023-12-31 | CN¥9.85 Billion ≈ $1.44 Billion |
+2.67% |
| 2022-12-31 | CN¥9.59 Billion ≈ $1.40 Billion |
+10.34% |
| 2021-12-31 | CN¥8.69 Billion ≈ $1.27 Billion |
+4.72% |
| 2020-12-31 | CN¥8.30 Billion ≈ $1.21 Billion |
+134.24% |
| 2019-12-31 | CN¥3.54 Billion ≈ $518.45 Million |
+19.32% |
| 2018-12-31 | CN¥2.97 Billion ≈ $434.50 Million |
+7.33% |
| 2017-12-31 | CN¥2.77 Billion ≈ $404.84 Million |
+6.40% |
| 2016-12-31 | CN¥2.60 Billion ≈ $380.48 Million |
+91.25% |
| 2015-12-31 | CN¥1.36 Billion ≈ $198.94 Million |
+43.38% |
| 2014-12-31 | CN¥948.23 Million ≈ $138.76 Million |
+32.61% |
| 2013-12-31 | CN¥715.08 Million ≈ $104.64 Million |
+22.59% |
| 2012-12-31 | CN¥583.32 Million ≈ $85.36 Million |
+14.28% |
| 2011-12-31 | CN¥510.44 Million ≈ $74.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Riyue Heavy Industry 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 2000.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.69 Billion | 36.49% |
| Common Stock | CN¥1.03 Billion | 10.18% |
| Other Comprehensive Income | CN¥298.20 Million | 2.95% |
| Other Components | CN¥5.10 Billion | 50.39% |
| Total Equity | CN¥10.12 Billion | 100.00% |
Riyue Heavy Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Riyue Heavy Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Huatie Constr Safety
SHG:603300
|
$1.92 Billion |
|
CETC Digital Technology Co Ltd
SHG:600850
|
$1.92 Billion |
|
Super Retail Group Ltd
AU:SUL
|
$1.93 Billion |
|
Suzhou Nanomicro Technology Co Ltd
SHG:688690
|
$1.93 Billion |
|
Cuprum
SN:CUPRUM
|
$1.92 Billion |
|
Jiangsu New Energy Development Co Ltd
SHG:603693
|
$1.92 Billion |
|
ANADOLU E.BIR.M. ADR 1/5
F:EF41
|
$1.92 Billion |
|
Grandjoy Holdings Group Co Ltd
SHE:000031
|
$1.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Riyue Heavy Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,834,168,690 to 10,123,950,931, a change of 289,782,241 (2.9%).
- Net income of 623,809,074 contributed positively to equity growth.
- Dividend payments of 285,656,014 reduced retained earnings.
- Share repurchases of 87,056,298 reduced equity.
- Other comprehensive income increased equity by 298,203,880.
- Other factors decreased equity by 259,518,401.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥623.81 Million | +6.16% |
| Dividends Paid | CN¥285.66 Million | -2.82% |
| Share Repurchases | CN¥87.06 Million | -0.86% |
| Other Comprehensive Income | CN¥298.20 Million | +2.95% |
| Other Changes | CN¥-259.52 Million | -2.56% |
| Total Change | CN¥- | 2.95% |
Book Value vs Market Value Analysis
This analysis compares Riyue Heavy Industry 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: 1.29x
- 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 13.10x to 1.29x 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¥0.97 | CN¥12.75 | x |
| 2012-12-31 | CN¥1.10 | CN¥12.75 | x |
| 2013-12-31 | CN¥1.10 | CN¥12.75 | x |
| 2014-12-31 | CN¥1.46 | CN¥12.75 | x |
| 2015-12-31 | CN¥2.08 | CN¥12.75 | x |
| 2016-12-31 | CN¥3.96 | CN¥12.75 | x |
| 2017-12-31 | CN¥3.82 | CN¥12.75 | x |
| 2018-12-31 | CN¥4.08 | CN¥12.75 | x |
| 2019-12-31 | CN¥4.82 | CN¥12.75 | x |
| 2020-12-31 | CN¥10.68 | CN¥12.75 | x |
| 2021-12-31 | CN¥8.98 | CN¥12.75 | x |
| 2022-12-31 | CN¥9.74 | CN¥12.75 | x |
| 2023-12-31 | CN¥9.60 | CN¥12.75 | x |
| 2024-12-31 | CN¥9.90 | CN¥12.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Riyue Heavy Industry 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): 6.16%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.28%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.35x
- Recent ROE (6.16%) is below the historical average (13.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 21.46% | 10.27% | 0.97x | 2.15x | CN¥58.48 Million |
| 2012 | 14.95% | 9.81% | 0.78x | 1.95x | CN¥28.87 Million |
| 2013 | 19.51% | 12.85% | 0.77x | 1.98x | CN¥68.02 Million |
| 2014 | 25.65% | 16.83% | 0.71x | 2.16x | CN¥148.36 Million |
| 2015 | 31.16% | 22.52% | 0.75x | 1.86x | CN¥287.62 Million |
| 2016 | 13.04% | 21.18% | 0.45x | 1.38x | CN¥78.97 Million |
| 2017 | 8.19% | 12.37% | 0.49x | 1.34x | CN¥-50.07 Million |
| 2018 | 9.45% | 11.94% | 0.58x | 1.36x | CN¥-16.38 Million |
| 2019 | 14.24% | 14.47% | 0.53x | 1.86x | CN¥150.34 Million |
| 2020 | 11.80% | 19.16% | 0.49x | 1.25x | CN¥149.57 Million |
| 2021 | 7.68% | 14.16% | 0.42x | 1.31x | CN¥-201.35 Million |
| 2022 | 3.59% | 7.08% | 0.38x | 1.32x | CN¥-614.20 Million |
| 2023 | 4.90% | 10.34% | 0.34x | 1.40x | CN¥-501.91 Million |
| 2024 | 6.16% | 13.28% | 0.34x | 1.35x | CN¥-388.59 Million |
Industry Comparison
This section compares Riyue Heavy Industry 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 |
|---|---|---|---|---|
| Riyue Heavy Industry Co Ltd (603218) | CN¥10.31 Billion | 21.46% | 0.38x | $1.92 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 Riyue Heavy Industry Co Ltd
Riyue Heavy Industry Co.,Ltd. engages in the research and development, production, and sale of large-scale heavy industry equipment castings in China. It offers wind power, plastic machinery, ship power and machining centers, diesel engine, machining center, and other castings used for energy, general machinery, marine engineering, etc. The company was founded in 2007 and is headquartered in Ning… Read more