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
Maanshan Iron & Steel Company Limited (MAANF) - Net Assets
Latest net assets as of June 2025: $32.52 Billion USD
Based on the latest financial reports, Maanshan Iron & Steel Company Limited (MAANF) has net assets worth $32.52 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($82.32 Billion) and total liabilities ($49.80 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 | $32.52 Billion |
| % of Total Assets | 39.51% |
| Annual Growth Rate | 3.2% |
| 5-Year Change | -16.22% |
| 10-Year Change | 31.72% |
| Growth Volatility | 10.98 |
Maanshan Iron & Steel Company Limited - Net Assets Trend (1993–2024)
This chart illustrates how Maanshan Iron & Steel Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Maanshan Iron & Steel Company Limited (1993–2024)
The table below shows the annual net assets of Maanshan Iron & Steel Company Limited from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $27.32 Billion | -15.36% |
| 2023-12-31 | $32.28 Billion | -3.14% |
| 2022-12-31 | $33.33 Billion | -10.92% |
| 2021-12-31 | $37.41 Billion | +14.72% |
| 2020-12-31 | $32.61 Billion | +5.74% |
| 2019-12-31 | $30.84 Billion | -3.60% |
| 2018-12-31 | $31.99 Billion | +17.46% |
| 2017-12-31 | $27.24 Billion | +23.35% |
| 2016-12-31 | $22.08 Billion | +6.46% |
| 2015-12-31 | $20.74 Billion | -19.88% |
| 2014-12-31 | $25.89 Billion | +0.74% |
| 2013-12-31 | $25.70 Billion | +0.73% |
| 2012-12-31 | $25.51 Billion | -11.82% |
| 2011-12-31 | $28.93 Billion | +3.34% |
| 2010-12-31 | $28.00 Billion | +2.99% |
| 2009-12-31 | $27.18 Billion | +2.48% |
| 2008-12-31 | $26.53 Billion | +13.10% |
| 2007-12-31 | $23.46 Billion | +14.79% |
| 2006-12-31 | $20.43 Billion | +7.43% |
| 2005-12-31 | $19.02 Billion | +8.61% |
| 2004-12-31 | $17.51 Billion | +16.78% |
| 2003-12-31 | $15.00 Billion | +26.41% |
| 2002-12-31 | $11.86 Billion | +0.73% |
| 2001-12-31 | $11.78 Billion | -0.93% |
| 2000-12-31 | $11.89 Billion | +0.22% |
| 1999-12-31 | $11.86 Billion | +13.24% |
| 1998-12-31 | $10.48 Billion | -12.83% |
| 1997-12-31 | $12.02 Billion | +0.52% |
| 1996-12-31 | $11.96 Billion | +0.14% |
| 1995-12-31 | $11.94 Billion | -0.18% |
| 1994-12-31 | $11.96 Billion | +16.24% |
| 1993-12-31 | $10.29 Billion | -- |
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 grown by 1093.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.22 Billion | 9.56% |
| Common Stock | $7.75 Billion | 33.31% |
| Other Comprehensive Income | $95.55 Million | 0.41% |
| Other Components | $13.19 Billion | 56.72% |
| Total Equity | $23.26 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 |
|---|---|
|
Lin BioScience Inc.
TWO:6696
|
$751.39 Million |
|
Northwest Healthcare Properties REIT
PINK:NWHUF
|
$751.83 Million |
|
Chambal Fertilizers & Chemicals Limited
NSE:CHAMBLFERT
|
$752.16 Million |
|
TRUSTPILOT GROUP LS -01
F:6VZ
|
$752.28 Million |
|
Core Laboratories NV
NYSE:CLB
|
$750.49 Million |
|
Jinzi Ham Co Ltd
SHE:002515
|
$749.68 Million |
|
Nagarro SE
PINK:NGRRF
|
$749.34 Million |
|
Jiangxi Ganyue Expressway Co Ltd
SHG:600269
|
$749.09 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 2023 to 2024, total equity changed from 27,768,582,604 to 23,257,461,000, a change of -4,511,121,604 (-16.2%).
- Net loss of 4,659,156,254 reduced equity.
- Dividend payments of 582,622,410 reduced retained earnings.
- Share repurchases of 56,868,486 reduced equity.
- Other comprehensive income decreased equity by 4,745,737,433.
- Other factors increased equity by 5,533,262,979.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.66 Billion | -20.03% |
| Dividends Paid | $582.62 Million | -2.51% |
| Share Repurchases | $56.87 Million | -0.24% |
| Other Comprehensive Income | $-4.75 Billion | -20.41% |
| Other Changes | $5.53 Billion | +23.79% |
| Total Change | $- | -16.25% |
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: 0.07x
- 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 |
|---|---|---|---|
| 1993-12-31 | $1.59 | $0.22 | x |
| 1994-12-31 | $1.64 | $0.22 | x |
| 1995-12-31 | $1.64 | $0.22 | x |
| 1996-12-31 | $1.64 | $0.22 | x |
| 1997-12-31 | $1.65 | $0.22 | x |
| 1998-12-31 | $1.62 | $0.22 | x |
| 1999-12-31 | $1.84 | $0.22 | x |
| 2000-12-31 | $1.84 | $0.22 | x |
| 2001-12-31 | $1.61 | $0.22 | x |
| 2002-12-31 | $1.84 | $0.22 | x |
| 2003-12-31 | $2.32 | $0.22 | x |
| 2004-12-31 | $2.70 | $0.22 | x |
| 2005-12-31 | $2.93 | $0.22 | x |
| 2006-12-31 | $3.10 | $0.22 | x |
| 2007-12-31 | $3.25 | $0.22 | x |
| 2008-12-31 | $3.73 | $0.22 | x |
| 2009-12-31 | $3.44 | $0.22 | x |
| 2010-12-31 | $3.54 | $0.22 | x |
| 2011-12-31 | $3.60 | $0.22 | x |
| 2012-12-31 | $3.00 | $0.22 | x |
| 2013-12-31 | $3.00 | $0.22 | x |
| 2014-12-31 | $3.17 | $0.22 | x |
| 2015-12-31 | $2.40 | $0.22 | x |
| 2016-12-31 | $2.57 | $0.22 | x |
| 2017-12-31 | $3.10 | $0.22 | x |
| 2018-12-31 | $3.66 | $0.22 | x |
| 2019-12-31 | $3.50 | $0.22 | x |
| 2020-12-31 | $3.69 | $0.22 | x |
| 2021-12-31 | $4.25 | $0.22 | x |
| 2022-12-31 | $3.79 | $0.22 | x |
| 2023-12-31 | $3.61 | $0.22 | x |
| 2024-12-31 | $3.04 | $0.22 | 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): -20.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.69%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 3.40x
- Recent ROE (-20.03%) is below the historical average (3.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 7.56% | 20.31% | 0.25x | 1.47x | $-250.61 Million |
| 1994 | 7.08% | 12.30% | 0.34x | 1.70x | $-309.22 Million |
| 1995 | 0.41% | 0.69% | 0.35x | 1.68x | $-1.01 Billion |
| 1996 | 0.77% | 1.20% | 0.38x | 1.70x | $-976.99 Million |
| 1997 | 0.58% | 0.93% | 0.37x | 1.68x | $-1.00 Billion |
| 1998 | -1.60% | -2.69% | 0.35x | 1.70x | $-1.22 Billion |
| 1999 | 0.11% | 0.20% | 0.39x | 1.46x | $-1.17 Billion |
| 2000 | 1.48% | 2.15% | 0.49x | 1.42x | $-1.01 Billion |
| 2001 | 2.00% | 2.18% | 0.57x | 1.61x | $-831.95 Million |
| 2002 | 3.24% | 3.50% | 0.64x | 1.44x | $-801.84 Million |
| 2003 | 18.67% | 17.74% | 0.60x | 1.76x | $1.30 Billion |
| 2004 | 20.51% | 13.36% | 0.85x | 1.80x | $1.83 Billion |
| 2005 | 15.08% | 8.88% | 0.83x | 2.06x | $959.45 Million |
| 2006 | 11.31% | 6.63% | 0.63x | 2.73x | $264.38 Million |
| 2007 | 10.76% | 4.89% | 0.71x | 3.09x | $174.49 Million |
| 2008 | 2.73% | 1.00% | 1.08x | 2.54x | $-1.89 Billion |
| 2009 | 1.48% | 0.76% | 0.76x | 2.57x | $-2.25 Billion |
| 2010 | 4.04% | 1.70% | 0.93x | 2.57x | $-1.63 Billion |
| 2011 | 0.26% | 0.08% | 1.07x | 3.01x | $-2.63 Billion |
| 2012 | -16.70% | -5.19% | 0.98x | 3.29x | $-6.18 Billion |
| 2013 | 0.68% | 0.21% | 1.04x | 3.08x | $-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 | 6.36% | 2.19% | 0.91x | 3.21x | $-979.40 Million |
| 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 | -2.81% | -0.80% | 1.05x | 3.32x | $-3.74 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 |
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: $10,879,360,340
- Average return on equity (ROE) among peers: 3.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maanshan Iron & Steel Company Limited (MAANF) | $32.52 Billion | 7.56% | 1.53x | $751.18 Million |
| Acerinox S.A. (ACRXF) | $1.93 Billion | -3.09% | 1.28x | $1.71 Billion |
| ArcelorMittal SA (AMSYF) | $11.98 Billion | 27.55% | 1.59x | $12.85 Billion |
| Angang Steel Company Limited (ANGGF) | $50.39 Billion | 11.12% | 0.77x | $641.51 Million |
| Aperam PK (APEMY) | $3.79 Billion | 7.21% | 0.73x | $1.17 Billion |
| Aperam SA (APMSF) | $2.52 Billion | 11.35% | 0.72x | $1.31 Billion |
| ArcelorMittal South Africa Ltd (ARCXF) | $28.00 Billion | 33.51% | 0.34x | $14.02 Million |
| Algoma Steel Group Inc (ASTL) | $173.80 Million | -92.29% | 7.94x | $280.31 Million |
| Algoma Steel Group Inc. Warrant (ASTLW) | $-530.90 Million | 0.00% | 0.00x | $6.74 Million |
| BCI Minerals Limited (BIRNF) | $103.61 Million | 12.45% | 0.26x | $227.67 Million |
| BlueScope Steel Limited (BLSFF) | $10.45 Billion | 26.90% | 0.59x | $5.72 Billion |