Zhejiang Dingli Mach Co Ltd
Zhejiang Dingli Machinery Co.,Ltd engages in the manufacture of aerial work platforms in China and internationally. The company offers electric, diesel, and hybrid model boom lifts; scissor lifts; mast aerial work platform; and differentiated product series. The company's products are used in industrial, commercial, construction, engineering, building decoration and maintenance, warehousing and l… Read more
Zhejiang Dingli Mach Co Ltd (603338) - Net Assets
Latest net assets as of September 2025: CN¥11.12 Billion CNY
Based on the latest financial reports, Zhejiang Dingli Mach Co Ltd (603338) has net assets worth CN¥11.12 Billion 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¥17.05 Billion) and total liabilities (CN¥5.93 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¥11.12 Billion |
| % of Total Assets | 65.21% |
| Annual Growth Rate | 38.78% |
| 5-Year Change | 168.1% |
| 10-Year Change | 987.97% |
| Growth Volatility | 39.58 |
Zhejiang Dingli Mach Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Dingli Mach Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Dingli Mach Co Ltd (2011–2024)
The table below shows the annual net assets of Zhejiang Dingli Mach Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.04 Billion | +11.97% |
| 2023-12-31 | CN¥8.97 Billion | +26.89% |
| 2022-12-31 | CN¥7.07 Billion | +18.18% |
| 2021-12-31 | CN¥5.98 Billion | +59.67% |
| 2020-12-31 | CN¥3.74 Billion | +16.73% |
| 2019-12-31 | CN¥3.21 Billion | +23.30% |
| 2018-12-31 | CN¥2.60 Billion | +18.11% |
| 2017-12-31 | CN¥2.20 Billion | +102.85% |
| 2016-12-31 | CN¥1.09 Billion | +17.68% |
| 2015-12-31 | CN¥922.66 Million | +153.28% |
| 2014-12-31 | CN¥364.28 Million | +30.83% |
| 2013-12-31 | CN¥278.43 Million | +40.19% |
| 2012-12-31 | CN¥198.61 Million | +40.30% |
| 2011-12-31 | CN¥141.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Dingli Mach 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 25631.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.94 Billion | 69.11% |
| Common Stock | CN¥506.35 Million | 5.05% |
| Other Components | CN¥2.59 Billion | 25.84% |
| Total Equity | CN¥10.04 Billion | 100.00% |
Zhejiang Dingli Mach Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Dingli Mach Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dalmia Bharat Limited
NSE:DALBHARAT
|
$1.59 Billion |
|
China Tianying Inc
SHE:000035
|
$1.59 Billion |
|
Anhui Great Wall Military Industry Co Ltd
SHG:601606
|
$1.59 Billion |
|
EZAKI GLICO
F:5EJ
|
$1.59 Billion |
|
Veritex Holdings Inc
NASDAQ:VBTX
|
$1.59 Billion |
|
Scatec Solar OL
OL:SCATC
|
$1.59 Billion |
|
Abbott India Limited
NSE:ABBOTINDIA
|
$1.59 Billion |
|
Douglas Emmett Inc
NYSE:DEI
|
$1.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Dingli Mach Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,965,233,890 to 10,035,295,812, a change of 1,070,061,922 (11.9%).
- Net income of 1,628,805,157 contributed positively to equity growth.
- Dividend payments of 664,955,189 reduced retained earnings.
- Other factors increased equity by 106,211,954.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.63 Billion | +16.23% |
| Dividends Paid | CN¥664.96 Million | -6.63% |
| Other Changes | CN¥106.21 Million | +1.06% |
| Total Change | CN¥- | 11.94% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Dingli Mach 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: 2.66x
- 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 124.72x to 2.66x 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¥0.42 | CN¥52.75 | x |
| 2012-12-31 | CN¥0.59 | CN¥52.75 | x |
| 2013-12-31 | CN¥0.83 | CN¥52.75 | x |
| 2014-12-31 | CN¥1.08 | CN¥52.75 | x |
| 2015-12-31 | CN¥2.21 | CN¥52.75 | x |
| 2016-12-31 | CN¥2.45 | CN¥52.75 | x |
| 2017-12-31 | CN¥4.92 | CN¥52.75 | x |
| 2018-12-31 | CN¥5.38 | CN¥52.75 | x |
| 2019-12-31 | CN¥6.61 | CN¥52.75 | x |
| 2020-12-31 | CN¥7.71 | CN¥52.75 | x |
| 2021-12-31 | CN¥12.30 | CN¥52.75 | x |
| 2022-12-31 | CN¥13.95 | CN¥52.75 | x |
| 2023-12-31 | CN¥17.72 | CN¥52.75 | x |
| 2024-12-31 | CN¥19.84 | CN¥52.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Dingli Mach 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): 16.23%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.89%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.53x
- Recent ROE (16.23%) is below the historical average (20.07%), 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 | 27.57% | 15.97% | 0.96x | 1.81x | CN¥24.88 Million |
| 2012 | 28.02% | 19.19% | 0.99x | 1.48x | CN¥35.80 Million |
| 2013 | 30.03% | 24.50% | 0.86x | 1.42x | CN¥55.76 Million |
| 2014 | 25.25% | 24.57% | 0.75x | 1.36x | CN¥55.54 Million |
| 2015 | 13.72% | 26.24% | 0.44x | 1.19x | CN¥34.07 Million |
| 2016 | 16.10% | 25.16% | 0.51x | 1.26x | CN¥66.20 Million |
| 2017 | 12.86% | 24.86% | 0.41x | 1.26x | CN¥62.89 Million |
| 2018 | 18.47% | 28.14% | 0.47x | 1.40x | CN¥220.33 Million |
| 2019 | 21.64% | 29.05% | 0.49x | 1.52x | CN¥373.33 Million |
| 2020 | 17.74% | 22.46% | 0.50x | 1.57x | CN¥289.72 Million |
| 2021 | 14.79% | 17.91% | 0.52x | 1.60x | CN¥286.65 Million |
| 2022 | 17.79% | 23.09% | 0.46x | 1.67x | CN¥550.72 Million |
| 2023 | 20.83% | 29.58% | 0.44x | 1.58x | CN¥970.62 Million |
| 2024 | 16.23% | 20.89% | 0.51x | 1.53x | CN¥625.28 Million |
Industry Comparison
This section compares Zhejiang Dingli Mach Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Dingli Mach Co Ltd (603338) | CN¥11.12 Billion | 27.57% | 0.53x | $1.59 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |