Shandong Shengli Co Ltd (000407) - Net Assets
Based on the latest financial reports, Shandong Shengli Co Ltd (000407) has net assets worth CN¥3.44 Billion CNY (≈ $503.08 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.16 Billion ≈ $901.29 Million USD) and total liabilities (CN¥2.72 Billion ≈ $398.21 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 000407 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.44 Billion |
| % of Total Assets | 55.82% |
| Annual Growth Rate | 16.64% |
| 5-Year Change | 12.22% |
| 10-Year Change | 34.6% |
| Growth Volatility | 36.65 |
Shandong Shengli Co Ltd - Net Assets Trend (1993–2025)
This chart illustrates how Shandong Shengli Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shandong Shengli Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Shengli Co Ltd (1993–2025)
The table below shows the annual net assets of Shandong Shengli Co Ltd from 1993 to 2025. For live valuation and market cap data, see Shandong Shengli Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.39 Billion ≈ $496.19 Million |
+2.54% |
| 2024-12-31 | CN¥3.31 Billion ≈ $483.91 Million |
+1.66% |
| 2023-12-31 | CN¥3.25 Billion ≈ $476.00 Million |
+5.08% |
| 2022-12-31 | CN¥3.10 Billion ≈ $452.97 Million |
+2.44% |
| 2021-12-31 | CN¥3.02 Billion ≈ $442.17 Million |
+4.15% |
| 2020-12-31 | CN¥2.90 Billion ≈ $424.57 Million |
-0.36% |
| 2019-12-31 | CN¥2.91 Billion ≈ $426.12 Million |
+6.38% |
| 2018-12-31 | CN¥2.74 Billion ≈ $400.55 Million |
+1.44% |
| 2017-12-31 | CN¥2.70 Billion ≈ $394.87 Million |
+7.12% |
| 2016-12-31 | CN¥2.52 Billion ≈ $368.62 Million |
+19.99% |
| 2015-12-31 | CN¥2.10 Billion ≈ $307.20 Million |
+3.63% |
| 2014-12-31 | CN¥2.03 Billion ≈ $296.43 Million |
+51.06% |
| 2013-12-31 | CN¥1.34 Billion ≈ $196.23 Million |
+1.97% |
| 2012-12-31 | CN¥1.32 Billion ≈ $192.44 Million |
-6.24% |
| 2011-12-31 | CN¥1.40 Billion ≈ $205.25 Million |
-3.68% |
| 2010-12-31 | CN¥1.46 Billion ≈ $213.08 Million |
+27.43% |
| 2009-12-31 | CN¥1.14 Billion ≈ $167.21 Million |
+19.95% |
| 2008-12-31 | CN¥952.65 Million ≈ $139.40 Million |
+27.45% |
| 2007-12-31 | CN¥747.49 Million ≈ $109.38 Million |
+11.28% |
| 2006-12-31 | CN¥671.69 Million ≈ $98.29 Million |
+5.86% |
| 2005-12-31 | CN¥634.51 Million ≈ $92.85 Million |
+4.60% |
| 2004-12-31 | CN¥606.58 Million ≈ $88.76 Million |
+0.05% |
| 2003-12-31 | CN¥606.30 Million ≈ $88.72 Million |
+3.49% |
| 2002-12-31 | CN¥585.87 Million ≈ $85.73 Million |
-2.39% |
| 2001-12-31 | CN¥600.20 Million ≈ $87.83 Million |
-8.16% |
| 2000-12-31 | CN¥653.55 Million ≈ $95.63 Million |
+46.48% |
| 1999-12-31 | CN¥446.15 Million ≈ $65.29 Million |
+13.62% |
| 1998-12-31 | CN¥392.68 Million ≈ $57.46 Million |
+27.44% |
| 1997-12-31 | CN¥308.11 Million ≈ $45.09 Million |
+70.96% |
| 1996-12-31 | CN¥180.22 Million ≈ $26.37 Million |
+119.32% |
| 1995-12-31 | CN¥82.18 Million ≈ $12.02 Million |
+24.78% |
| 1994-12-31 | CN¥65.86 Million ≈ $9.64 Million |
+167.60% |
| 1993-12-31 | CN¥24.61 Million ≈ $3.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Shengli 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 16926.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥921.03 Million | 30.16% |
| Common Stock | CN¥880.08 Million | 28.82% |
| Other Comprehensive Income | CN¥302.22 Million | 9.90% |
| Other Components | CN¥950.70 Million | 31.13% |
| Total Equity | CN¥3.05 Billion | 100.00% |
Shandong Shengli Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Shengli Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dada Nexus Ltd
NASDAQ:DADA
|
$506.16 Million |
|
Sichuan Etrol Technologies Co Ltd
SHE:300370
|
$506.23 Million |
|
Tadiran Hldg
TA:TDRN
|
$506.41 Million |
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$506.55 Million |
|
Shanghai Zhenhua Heavy Industries Co Ltd B
SHG:900947
|
$506.05 Million |
|
American Coastal Insurance Corp
NASDAQ:ACIC
|
$505.96 Million |
|
Zhejiang Gongdong Medical Technology Co Ltd
SHG:605369
|
$505.92 Million |
|
Hangzhou Prevail Optoelectronic Equipment Co Ltd
SHE:300710
|
$505.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Shengli Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,958,035,331 to 3,054,035,726, a change of 96,000,395 (3.2%).
- Net income of 155,774,876 contributed positively to equity growth.
- Dividend payments of 50,164,825 reduced retained earnings.
- Other comprehensive income increased equity by 18,544,247.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥155.77 Million | +5.1% |
| Dividends Paid | CN¥50.16 Million | -1.64% |
| Other Comprehensive Income | CN¥18.54 Million | +0.61% |
| Other Changes | CN¥-28.15 Million | -0.92% |
| Total Change | CN¥- | 3.25% |
Book Value vs Market Value Analysis
This analysis compares Shandong Shengli 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: 1.13x
- 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 39.61x to 1.13x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.10 | CN¥3.93 | x |
| 1996-12-31 | CN¥0.24 | CN¥3.93 | x |
| 1997-12-31 | CN¥0.41 | CN¥3.93 | x |
| 1998-12-31 | CN¥0.49 | CN¥3.93 | x |
| 1999-12-31 | CN¥0.54 | CN¥3.93 | x |
| 2000-12-31 | CN¥0.85 | CN¥3.93 | x |
| 2001-12-31 | CN¥0.79 | CN¥3.93 | x |
| 2002-12-31 | CN¥0.78 | CN¥3.93 | x |
| 2003-12-31 | CN¥0.82 | CN¥3.93 | x |
| 2004-12-31 | CN¥0.83 | CN¥3.93 | x |
| 2005-12-31 | CN¥0.86 | CN¥3.93 | x |
| 2006-12-31 | CN¥1.05 | CN¥3.93 | x |
| 2007-12-31 | CN¥0.95 | CN¥3.93 | x |
| 2008-12-31 | CN¥1.31 | CN¥3.93 | x |
| 2009-12-31 | CN¥1.53 | CN¥3.93 | x |
| 2010-12-31 | CN¥1.95 | CN¥3.93 | x |
| 2011-12-31 | CN¥1.69 | CN¥3.93 | x |
| 2012-12-31 | CN¥1.68 | CN¥3.93 | x |
| 2013-12-31 | CN¥1.46 | CN¥3.93 | x |
| 2014-12-31 | CN¥2.40 | CN¥3.93 | x |
| 2015-12-31 | CN¥2.50 | CN¥3.93 | x |
| 2016-12-31 | CN¥2.53 | CN¥3.93 | x |
| 2017-12-31 | CN¥2.44 | CN¥3.93 | x |
| 2018-12-31 | CN¥2.66 | CN¥3.93 | x |
| 2019-12-31 | CN¥2.72 | CN¥3.93 | x |
| 2020-12-31 | CN¥2.76 | CN¥3.93 | x |
| 2021-12-31 | CN¥2.97 | CN¥3.93 | x |
| 2022-12-31 | CN¥3.08 | CN¥3.93 | x |
| 2023-12-31 | CN¥3.28 | CN¥3.93 | x |
| 2024-12-31 | CN¥3.36 | CN¥3.93 | x |
| 2025-12-31 | CN¥3.47 | CN¥3.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Shengli 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.75%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.04x
- Recent ROE (5.10%) is below the historical average (6.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 23.81% | 5.97% | 1.61x | 2.47x | CN¥9.27 Million |
| 1996 | 15.31% | 7.67% | 1.07x | 1.86x | CN¥8.75 Million |
| 1997 | 11.33% | 6.91% | 0.83x | 1.97x | CN¥3.70 Million |
| 1998 | 13.08% | 4.80% | 1.17x | 2.32x | CN¥10.19 Million |
| 1999 | 14.98% | 5.11% | 1.30x | 2.26x | CN¥18.36 Million |
| 2000 | 7.21% | 4.35% | 0.92x | 1.80x | CN¥-16.09 Million |
| 2001 | 6.44% | 4.19% | 0.75x | 2.05x | CN¥-19.13 Million |
| 2002 | 3.49% | 2.61% | 0.62x | 2.17x | CN¥-34.20 Million |
| 2003 | 5.24% | 4.02% | 0.65x | 2.02x | CN¥-26.40 Million |
| 2004 | 3.11% | 2.08% | 0.70x | 2.13x | CN¥-38.60 Million |
| 2005 | 3.71% | 1.97% | 0.78x | 2.43x | CN¥-36.59 Million |
| 2006 | 6.45% | 3.89% | 0.60x | 2.78x | CN¥-22.01 Million |
| 2007 | 3.47% | 1.79% | 0.54x | 3.59x | CN¥-42.08 Million |
| 2008 | 24.17% | 11.32% | 0.86x | 2.48x | CN¥119.43 Million |
| 2009 | 20.56% | 14.13% | 0.61x | 2.40x | CN¥105.94 Million |
| 2010 | 20.00% | 11.64% | 0.69x | 2.49x | CN¥125.34 Million |
| 2011 | 0.59% | 0.32% | 0.73x | 2.55x | CN¥-115.84 Million |
| 2012 | -12.81% | -6.41% | 0.69x | 2.90x | CN¥-249.49 Million |
| 2013 | 2.06% | 0.98% | 0.67x | 3.13x | CN¥-88.46 Million |
| 2014 | 2.08% | 1.28% | 0.70x | 2.33x | CN¥-139.73 Million |
| 2015 | 1.60% | 1.15% | 0.60x | 2.31x | CN¥-150.91 Million |
| 2016 | -13.82% | -11.05% | 0.62x | 2.03x | CN¥-504.42 Million |
| 2017 | 2.86% | 1.63% | 0.76x | 2.32x | CN¥-155.17 Million |
| 2018 | 4.51% | 2.20% | 0.73x | 2.83x | CN¥-124.62 Million |
| 2019 | 5.51% | 2.50% | 0.82x | 2.69x | CN¥-108.77 Million |
| 2020 | 5.79% | 3.10% | 0.68x | 2.75x | CN¥-103.46 Million |
| 2021 | 4.21% | 2.42% | 0.65x | 2.69x | CN¥-151.30 Million |
| 2022 | 5.60% | 3.29% | 0.65x | 2.62x | CN¥-119.99 Million |
| 2023 | 5.32% | 3.28% | 0.67x | 2.41x | CN¥-135.00 Million |
| 2024 | 3.96% | 2.77% | 0.64x | 2.25x | CN¥-178.56 Million |
| 2025 | 5.10% | 3.75% | 0.67x | 2.04x | CN¥-149.63 Million |
Industry Comparison
This section compares Shandong Shengli Co Ltd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,576,544,212
- Average return on equity (ROE) among peers: 11.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Shengli Co Ltd (000407) | CN¥3.44 Billion | 23.81% | 0.79x | $506.12 Million |
| Shenzhen Guangju Energy Co Ltd (000096) | $2.60 Billion | 2.12% | 0.06x | $576.38 Million |
| Xinjiang International Industry Co Ltd (000159) | $563.50 Million | 0.92% | 1.60x | $404.45 Million |
| Sinopec Shandong Taishan Petroleum Co Ltd (000554) | $918.65 Million | 0.47% | 0.18x | $431.98 Million |
| Jiangsu Gaoke Petrochemical Co (002778) | $133.58 Million | 27.74% | 1.57x | $314.90 Million |
| Ningbo Bohui Chemical Technology (300839) | $235.67 Million | 29.62% | 0.36x | $609.45 Million |
| HY Energy Group Co Ltd (600387) | $275.82 Million | 13.33% | 2.55x | $64.39 Million |
| Sinopec Shanghai Petrochemical Co Ltd Class A (600688) | $23.53 Billion | -6.09% | 0.70x | $3.30 Billion |
| Lonyer Fuels (603003) | $3.82 Billion | -1.77% | 0.11x | $134.35 Million |
| Jiangsu Lopal Tech Co Ltd (603906) | $115.90 Million | 35.25% | 2.09x | $1.97 Billion |
About Shandong Shengli Co Ltd
Shandong Shengli Co., Ltd. engages in the natural gas, plastic pipes, and other industrial businesses in China. The company invests in, constructs, and operates gas transmission and distribution pipelines, urban natural gas networks, liquefied natural gas (LNG), compressed natural gas (CNG), and natural gas distributed energy. It also provides natural gas application services for industry, commer… Read more