Shenyang Fortune Precision Equipment Co. Ltd. A (688409) - Net Assets

Latest as of June 2025: CN¥4.66 Billion CNY ≈ $682.60 Million USD

Based on the latest financial reports, Shenyang Fortune Precision Equipment Co. Ltd. A (688409) has net assets worth CN¥4.66 Billion CNY (≈ $682.60 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.06 Billion ≈ $1.33 Billion USD) and total liabilities (CN¥4.39 Billion ≈ $642.65 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 688409 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.66 Billion
% of Total Assets	51.51%
Annual Growth Rate	50.46%
5-Year Change	N/A
10-Year Change	N/A
Growth Volatility	143.08

Shenyang Fortune Precision Equipment Co. Ltd. A - Net Assets Trend (2020–2024)

This chart illustrates how Shenyang Fortune Precision Equipment Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore 688409 total assets for the complete picture of this company's asset base.

Annual Net Assets for Shenyang Fortune Precision Equipment Co. Ltd. A (2020–2024)

The table below shows the annual net assets of Shenyang Fortune Precision Equipment Co. Ltd. A from 2020 to 2024. For live valuation and market cap data, see Shenyang Fortune Precision Equipment Co. market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥4.70 Billion ≈ $687.62 Million	-1.28%
2023-12-31	CN¥4.76 Billion ≈ $696.52 Million	-0.18%
2022-12-31	CN¥4.77 Billion ≈ $697.74 Million	+335.83%
2021-12-31	CN¥1.09 Billion ≈ $160.09 Million	+19.32%
2020-12-31	CN¥916.94 Million ≈ $134.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenyang Fortune Precision Equipment Co. Ltd. A'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 960.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥361.55 Million	7.88%
Other Components	CN¥4.23 Billion	92.12%
Total Equity	CN¥4.59 Billion	100.00%

Shenyang Fortune Precision Equipment Co. Ltd. A Competitors by Market Cap

The table below lists competitors of Shenyang Fortune Precision Equipment Co. Ltd. A ranked by their market capitalization.

Company	Market Cap
Gigabyte Technology Co Ltd TW:2376	$5.76 Billion
Aluminum Corporation of China Limited F:AOC	$5.76 Billion
The People's Insurance Company (Group) of China Limited F:PIR	$5.76 Billion
Hyundai Motor Co Pref KO:005387	$5.77 Billion
Wangsu Science Tech SHE:300017	$5.76 Billion
Qilu Bank Co Ltd SHG:601665	$5.75 Billion
New Hope Liuhe Co Ltd SHE:000876	$5.75 Billion
Addsino Co Ltd SHE:000547	$5.75 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenyang Fortune Precision Equipment Co. Ltd. A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,564,855,456 to 4,588,174,157, a change of 23,318,702 (0.5%).
Net income of 202,649,846 contributed positively to equity growth.
Dividend payments of 213,108,920 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥202.65 Million	+4.42%
Dividends Paid	CN¥213.11 Million	-4.64%
Other Changes	CN¥33.78 Million	+0.74%
Total Change	CN¥-	0.51%

Book Value vs Market Value Analysis

This analysis compares Shenyang Fortune Precision Equipment Co. Ltd. A'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: 8.63x
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 32.53x to 8.63x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-12-31	CN¥3.95	CN¥128.56	x
2021-12-31	CN¥4.52	CN¥128.56	x
2022-12-31	CN¥15.01	CN¥128.56	x
2023-12-31	CN¥14.75	CN¥128.56	x
2024-12-31	CN¥14.90	CN¥128.56	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenyang Fortune Precision Equipment Co. Ltd. A 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): 4.42%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.67%
• Asset Turnover: 0.36x
• Equity Multiplier: 1.82x
Recent ROE (4.42%) is below the historical average (7.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	10.20%	19.43%	0.33x	1.59x	CN¥1.81 Million
2021	12.07%	15.00%	0.34x	2.37x	CN¥21.68 Million
2022	5.28%	15.89%	0.23x	1.43x	CN¥-218.99 Million
2023	3.70%	8.17%	0.27x	1.66x	CN¥-287.80 Million
2024	4.42%	6.67%	0.36x	1.82x	CN¥-256.17 Million

Industry Comparison

This section compares Shenyang Fortune Precision Equipment Co. Ltd. A's net assets metrics with peer companies in the Metal Fabrication industry.

Industry Context

Industry: Metal Fabrication
Average net assets among peers: $1,775,582,049
Average return on equity (ROE) among peers: 9.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenyang Fortune Precision Equipment Co. Ltd. A (688409)	CN¥4.66 Billion	10.20%	0.94x	$5.76 Billion
China International Marine Containers Group Ltd (000039)	$117.09 Million	38.10%	0.98x	$4.17 Billion
Xinjiang Hejin Holding Co Ltd (000633)	$226.97 Million	1.05%	0.40x	$384.89 Million
Guangdong Jingyi Metal Co Ltd (002295)	$832.24 Million	2.58%	0.83x	$411.84 Million
Shanghai Xinpeng Industry Co Ltd (002328)	$2.72 Billion	3.51%	0.48x	$1.17 Billion
Beijing Lier High Temperature Materials Co Ltd (002392)	$1.81 Billion	5.91%	0.16x	$1.60 Billion
Suzhou Victory Precision Manufacture Co Ltd (002426)	$7.46 Billion	-10.76%	1.40x	$1.85 Billion
Dajin Heavy Industry Corp (002487)	$1.55 Billion	3.04%	0.28x	$7.84 Billion
Jiangsu Boamax Technologies Group Co Ltd (002514)	$1.03 Billion	6.46%	0.73x	$358.24 Million
Guangzheng Group Co Ltd (002524)	$38.92 Million	30.50%	1.33x	$332.55 Million
Anhui Honglu Steel Construction Group Co Ltd (002541)	$1.98 Billion	10.74%	1.11x	$1.96 Billion

About Shenyang Fortune Precision Equipment Co. Ltd. A

SHG:688409 China Metal Fabrication

Market Cap

$5.76 Billion

CN¥39.37 Billion CNY

Market Cap Rank

#3272 Global

#480 in China

Share Price

CN¥128.56

Change (1 day)

+4.95%

52-Week Range

CN¥46.68 - CN¥128.56

All Time High

CN¥128.56