Maanshan Iron & Steel Company Limited (YM9A) - Net Assets
Based on the latest financial reports, Maanshan Iron & Steel Company Limited (YM9A) has net assets worth €36.33 Billion EUR (≈ $42.48 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€81.52 Billion ≈ $95.31 Billion USD) and total liabilities (€45.19 Billion ≈ $52.83 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. Also explore balance sheet size of Maanshan Iron & Steel Company Limited for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €36.33 Billion |
| % of Total Assets | 44.57% |
| Annual Growth Rate | 2.91% |
| 5-Year Change | -3.14% |
| 10-Year Change | 64.12% |
| Growth Volatility | 15.24 |
Maanshan Iron & Steel Company Limited - Net Assets Trend (2013–2025)
This chart illustrates how Maanshan Iron & Steel Company Limited's net assets have evolved over time, based on quarterly financial data. Check how tangible is Maanshan Iron & Steel Company Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Maanshan Iron & Steel Company Limited (2013–2025)
The table below shows the annual net assets of Maanshan Iron & Steel Company Limited from 2013 to 2025. For live valuation and market cap data, see YM9A market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €36.24 Billion ≈ $42.37 Billion |
+32.64% |
| 2024-12-31 | €27.32 Billion ≈ $31.94 Billion |
-15.36% |
| 2023-12-31 | €32.28 Billion ≈ $37.74 Billion |
-3.14% |
| 2022-12-31 | €33.33 Billion ≈ $38.96 Billion |
-10.92% |
| 2021-12-31 | €37.41 Billion ≈ $43.74 Billion |
+14.72% |
| 2020-12-31 | €32.61 Billion ≈ $38.13 Billion |
+5.74% |
| 2019-12-31 | €30.84 Billion ≈ $36.06 Billion |
-3.60% |
| 2018-12-31 | €31.99 Billion ≈ $37.40 Billion |
+17.46% |
| 2017-12-31 | €27.24 Billion ≈ $31.84 Billion |
+23.35% |
| 2016-12-31 | €22.08 Billion ≈ $25.81 Billion |
+6.46% |
| 2015-12-31 | €20.74 Billion ≈ $24.25 Billion |
-19.88% |
| 2014-12-31 | €25.89 Billion ≈ $30.27 Billion |
+0.74% |
| 2013-12-31 | €25.70 Billion ≈ $30.04 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Maanshan Iron & Steel Company Limited'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 71.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €2.02 Billion | 8.39% |
| Other Components | €22.01 Billion | 91.61% |
| Total Equity | €24.03 Billion | 100.00% |
Maanshan Iron & Steel Company Limited Competitors by Market Cap
The table below lists competitors of Maanshan Iron & Steel Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cogeco Inc.
TO:CGO
|
$354.65 Million |
|
Northeast Community Bancorp Inc
NASDAQ:NECB
|
$354.70 Million |
|
Bosch Fren Sistemleri Sanayi ve Ticaret AS
IS:BFREN
|
$354.82 Million |
|
Sappi Ltd
JSE:SAP
|
$354.90 Million |
|
Shenzhen Crastal Technology Co Ltd
SHE:300824
|
$354.34 Million |
|
Shanghai Carthane Co Ltd
SHG:603037
|
$354.23 Million |
|
Weihai Huadong Automation Co Ltd
SHE:002248
|
$354.12 Million |
|
D. P. Abhushan Limited
NSE:DPABHUSHAN
|
$354.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maanshan Iron & Steel Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,257,460,660 to 24,026,672,263, a change of 769,211,603 (3.3%).
- Net loss of 208,806,314 reduced equity.
- Dividend payments of 449,843,298 reduced retained earnings.
- Other factors increased equity by 1,427,861,215.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-208.81 Million | -0.87% |
| Dividends Paid | €449.84 Million | -1.87% |
| Other Changes | €1.43 Billion | +5.94% |
| Total Change | €- | 3.31% |
Book Value vs Market Value Analysis
This analysis compares Maanshan Iron & Steel Company Limited'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: 0.06x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €3.10 | €0.18 | x |
| 2018-12-31 | €3.66 | €0.18 | x |
| 2019-12-31 | €3.50 | €0.18 | x |
| 2020-12-31 | €3.69 | €0.18 | x |
| 2021-12-31 | €4.25 | €0.18 | x |
| 2022-12-31 | €3.75 | €0.18 | x |
| 2023-12-31 | €3.58 | €0.18 | x |
| 2024-12-31 | €3.00 | €0.18 | x |
| 2025-12-31 | €3.12 | €0.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maanshan Iron & Steel Company Limited 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): -0.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.27%
- • Asset Turnover: 0.95x
- • Equity Multiplier: 3.40x
- Recent ROE (-0.87%) is below the historical average (1.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 0.68% | 0.21% | 1.03x | 3.10x | €-2.16 Billion |
| 2014 | 0.95% | 0.37% | 0.87x | 2.94x | €-2.11 Billion |
| 2015 | -26.03% | -10.65% | 0.72x | 3.38x | €-6.65 Billion |
| 2016 | 6.22% | 2.55% | 0.73x | 3.35x | €-747.52 Million |
| 2017 | 17.28% | 5.64% | 1.01x | 3.02x | €1.74 Billion |
| 2018 | 21.10% | 7.25% | 1.07x | 2.73x | €3.13 Billion |
| 2019 | 4.19% | 1.44% | 0.91x | 3.21x | €-1.57 Billion |
| 2020 | 6.98% | 2.43% | 1.01x | 2.84x | €-855.97 Million |
| 2021 | 16.28% | 4.68% | 1.25x | 2.78x | €2.06 Billion |
| 2022 | -2.94% | -0.84% | 1.05x | 3.32x | €-3.78 Billion |
| 2023 | -4.78% | -1.34% | 1.17x | 3.04x | €-4.10 Billion |
| 2024 | -20.03% | -5.69% | 1.04x | 3.40x | €-6.98 Billion |
| 2025 | -0.87% | -0.27% | 0.95x | 3.40x | €-2.61 Billion |
Industry Comparison
This section compares Maanshan Iron & Steel Company Limited's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $14,985,191,300
- Average return on equity (ROE) among peers: -6.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maanshan Iron & Steel Company Limited (YM9A) | €36.33 Billion | 0.68% | 1.24x | $354.55 Million |
| Tiangong International Company Limited (34T1) | $5.64 Billion | 9.52% | 0.99x | $1.08 Billion |
| Zanaga Iron Ore Company Limited (6ZA) | $39.42 Million | -4.71% | 0.00x | $26.76 Million |
| Aperam SA (7AA) | $3.65 Billion | 2.85% | 1.01x | $3.49 Billion |
| APERAM S.A. NY SHS/1 O.N. (7AAN) | $3.45 Billion | 5.88% | 0.80x | $3.49 Billion |
| ACERINOX ADR 1/2/EO-25 (ACE) | $2.55 Billion | 21.83% | 1.48x | $3.22 Billion |
| ArcelorMittal SA (ARRD) | $27.57 Billion | -28.82% | 1.79x | $39.90 Billion |
| BCI Minerals Limited (BC3) | $159.28 Million | -99.51% | 0.62x | $628.64 Million |
| Chongqing Iron & Steel Company Limited (CGP) | $19.40 Billion | 4.77% | 0.39x | $61.65 Million |
| Da Ming International Holdings Limited (DM7) | $2.85 Billion | 3.84% | 2.56x | $92.46 Million |
| EREGLI DEM CEL FABR DL1 (EDVA) | $84.55 Billion | 18.36% | 0.50x | $3.00 Billion |
About Maanshan Iron & Steel Company Limited
Maanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. It provides steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products, such as H-shaped steel and medium-shaped steel; high-… Read more