Shan Dong Dong-E E-Jiao Co Ltd (000423) - Net Assets

Latest as of September 2025: CN¥9.97 Billion CNY ≈ $1.46 Billion USD

Based on the latest financial reports, Shan Dong Dong-E E-Jiao Co Ltd (000423) has net assets worth CN¥9.97 Billion CNY (≈ $1.46 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.75 Billion ≈ $1.87 Billion USD) and total liabilities (CN¥2.78 Billion ≈ $406.14 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 Shan Dong Dong-E E-Jiao Co Ltd (000423) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥9.97 Billion
% of Total Assets	78.23%
Annual Growth Rate	N/A
5-Year Change	5.68%
10-Year Change	45.87%
Growth Volatility	24.09

Shan Dong Dong-E E-Jiao Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Shan Dong Dong-E E-Jiao Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shan Dong Dong-E E-Jiao Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shan Dong Dong-E E-Jiao Co Ltd (1993–2024)

The table below shows the annual net assets of Shan Dong Dong-E E-Jiao Co Ltd from 1993 to 2024. For live valuation and market cap data, see 000423 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥10.33 Billion ≈ $1.51 Billion	-3.80%
2023-12-31	CN¥10.74 Billion ≈ $1.57 Billion	+3.77%
2022-12-31	CN¥10.35 Billion ≈ $1.51 Billion	+3.56%
2021-12-31	CN¥10.00 Billion ≈ $1.46 Billion	+2.23%
2020-12-31	CN¥9.78 Billion ≈ $1.43 Billion	-2.45%
2019-12-31	CN¥10.02 Billion ≈ $1.47 Billion	-11.53%
2018-12-31	CN¥11.33 Billion ≈ $1.66 Billion	+14.76%
2017-12-31	CN¥9.87 Billion ≈ $1.44 Billion	+17.71%
2016-12-31	CN¥8.39 Billion ≈ $1.23 Billion	+18.40%
2015-12-31	CN¥7.08 Billion ≈ $1.04 Billion	+17.51%
2014-12-31	CN¥6.03 Billion ≈ $882.03 Million	+18.55%
2013-12-31	CN¥5.08 Billion ≈ $743.99 Million	+17.93%
2012-12-31	CN¥4.31 Billion ≈ $630.86 Million	+24.06%
2011-12-31	CN¥3.48 Billion ≈ $508.52 Million	+23.35%
2010-12-31	CN¥2.82 Billion ≈ $412.27 Million	+14.57%
2009-12-31	CN¥2.46 Billion ≈ $359.85 Million	+69.61%
2008-12-31	CN¥1.45 Billion ≈ $212.16 Million	+14.83%
2007-12-31	CN¥1.26 Billion ≈ $184.75 Million	+12.49%
2006-12-31	CN¥1.12 Billion ≈ $164.25 Million	+6.99%
2005-12-31	CN¥1.05 Billion ≈ $153.52 Million	+2.68%
2004-12-31	CN¥1.02 Billion ≈ $149.51 Million	+13.83%
2003-12-31	CN¥897.61 Million ≈ $131.35 Million	+13.14%
2002-12-31	CN¥793.34 Million ≈ $116.09 Million	+3.25%
2001-12-31	CN¥768.40 Million ≈ $112.44 Million	+5.69%
2000-12-31	CN¥727.05 Million ≈ $106.39 Million	+92.72%
1999-12-31	CN¥377.25 Million ≈ $55.20 Million	+2.82%
1998-12-31	CN¥366.91 Million ≈ $53.69 Million	+65.53%
1997-12-31	CN¥221.66 Million ≈ $32.44 Million	+18.17%
1996-12-31	CN¥187.58 Million ≈ $27.45 Million	+72.99%
1995-12-31	CN¥108.44 Million ≈ $15.87 Million	+38.46%
1994-12-31	CN¥78.32 Million ≈ $11.46 Million	--
1993-12-31	CN¥0.00 ≈ $0.00	--

Equity Component Analysis

This analysis shows how different components contribute to Shan Dong Dong-E E-Jiao 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 888257922100.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥8.88 Billion	86.15%
Common Stock	CN¥643.98 Million	6.25%
Other Components	CN¥783.62 Million	7.60%
Total Equity	CN¥10.31 Billion	100.00%

Shan Dong Dong-E E-Jiao Co Ltd Competitors by Market Cap

The table below lists competitors of Shan Dong Dong-E E-Jiao Co Ltd ranked by their market capitalization.

Company	Market Cap
FPT Corp VN:FPT	$4.76 Billion
Bharat Dynamics Limited NSE:BDL	$4.76 Billion
Grupo Simec SAB de CV ADR NYSE MKT:SIM	$4.76 Billion
Lancaster Colony Corporation NASDAQ:LANC	$4.76 Billion
Zhejiang Jiemei Electronic and Technology Co Ltd SHE:002859	$4.75 Billion
IGO Ltd AU:IGO	$4.75 Billion
Hebei Changshan Biochem Pharma SHE:300255	$4.75 Billion
First Financial Bankshares Inc NASDAQ:FFIN	$4.75 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shan Dong Dong-E E-Jiao Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 10,719,014,633 to 10,310,173,764, a change of -408,840,869 (-3.8%).
Net income of 1,557,000,776 contributed positively to equity growth.
Dividend payments of 1,882,987,553 reduced retained earnings.
Share repurchases of 75,872,445 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥1.56 Billion	+15.1%
Dividends Paid	CN¥1.88 Billion	-18.26%
Share Repurchases	CN¥75.87 Million	-0.74%
Other Changes	CN¥-6.98 Million	-0.07%
Total Change	CN¥-	-3.81%

Book Value vs Market Value Analysis

This analysis compares Shan Dong Dong-E E-Jiao 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: 3.15x
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 243.85x to 3.15x 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¥0.21	CN¥50.48	x
1996-12-31	CN¥0.36	CN¥50.48	x
1997-12-31	CN¥0.42	CN¥50.48	x
1998-12-31	CN¥0.70	CN¥50.48	x
1999-12-31	CN¥0.72	CN¥50.48	x
2000-12-31	CN¥1.39	CN¥50.48	x
2001-12-31	CN¥1.46	CN¥50.48	x
2002-12-31	CN¥1.50	CN¥50.48	x
2003-12-31	CN¥1.68	CN¥50.48	x
2004-12-31	CN¥1.91	CN¥50.48	x
2005-12-31	CN¥1.94	CN¥50.48	x
2006-12-31	CN¥2.08	CN¥50.48	x
2007-12-31	CN¥2.33	CN¥50.48	x
2008-12-31	CN¥2.15	CN¥50.48	x
2009-12-31	CN¥3.80	CN¥50.48	x
2010-12-31	CN¥4.19	CN¥50.48	x
2011-12-31	CN¥5.24	CN¥50.48	x
2012-12-31	CN¥6.49	CN¥50.48	x
2013-12-31	CN¥7.65	CN¥50.48	x
2014-12-31	CN¥9.06	CN¥50.48	x
2015-12-31	CN¥10.72	CN¥50.48	x
2016-12-31	CN¥12.78	CN¥50.48	x
2017-12-31	CN¥15.05	CN¥50.48	x
2018-12-31	CN¥17.29	CN¥50.48	x
2019-12-31	CN¥15.32	CN¥50.48	x
2020-12-31	CN¥15.09	CN¥50.48	x
2021-12-31	CN¥15.49	CN¥50.48	x
2022-12-31	CN¥16.04	CN¥50.48	x
2023-12-31	CN¥16.67	CN¥50.48	x
2024-12-31	CN¥16.02	CN¥50.48	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shan Dong Dong-E E-Jiao 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): 15.10%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 26.30%
• Asset Turnover: 0.45x
• Equity Multiplier: 1.27x
Recent ROE (15.10%) is above the historical average (14.65%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1995	15.88%	9.72%	0.83x	1.98x	CN¥6.38 Million
1996	12.43%	14.85%	0.50x	1.67x	CN¥4.56 Million
1997	14.64%	17.11%	0.55x	1.55x	CN¥10.28 Million
1998	9.97%	16.34%	0.48x	1.26x	CN¥-105.80K
1999	11.95%	16.08%	0.52x	1.42x	CN¥7.35 Million
2000	11.51%	20.64%	0.47x	1.20x	CN¥10.98 Million
2001	14.30%	24.26%	0.46x	1.29x	CN¥32.98 Million
2002	11.05%	15.23%	0.58x	1.25x	CN¥8.25 Million
2003	10.97%	12.95%	0.73x	1.16x	CN¥8.58 Million
2004	12.73%	14.45%	0.76x	1.15x	CN¥27.31 Million
2005	10.78%	11.69%	0.75x	1.23x	CN¥7.94 Million
2006	13.65%	13.91%	0.75x	1.30x	CN¥39.78 Million
2007	16.83%	14.90%	0.86x	1.31x	CN¥83.55 Million
2008	20.43%	17.03%	0.89x	1.35x	CN¥146.52 Million
2009	16.41%	18.76%	0.67x	1.30x	CN¥153.17 Million
2010	21.22%	23.63%	0.68x	1.31x	CN¥307.89 Million
2011	25.01%	31.03%	0.65x	1.23x	CN¥513.79 Million
2012	24.50%	34.04%	0.57x	1.25x	CN¥615.56 Million
2013	24.05%	29.95%	0.67x	1.20x	CN¥702.64 Million
2014	23.06%	34.06%	0.54x	1.26x	CN¥773.30 Million
2015	23.17%	29.82%	0.63x	1.23x	CN¥923.64 Million
2016	22.16%	29.32%	0.63x	1.19x	CN¥1.02 Billion
2017	20.77%	27.73%	0.60x	1.26x	CN¥1.06 Billion
2018	18.45%	28.41%	0.53x	1.23x	CN¥954.66 Million
2019	-4.56%	-15.31%	0.25x	1.17x	CN¥-1.45 Billion
2020	0.44%	1.27%	0.31x	1.13x	CN¥-929.85 Million
2021	4.42%	11.44%	0.33x	1.17x	CN¥-556.86 Million
2022	7.55%	19.30%	0.32x	1.22x	CN¥-252.93 Million
2023	10.74%	24.41%	0.35x	1.24x	CN¥78.98 Million
2024	15.10%	26.30%	0.45x	1.27x	CN¥525.98 Million

Industry Comparison

This section compares Shan Dong Dong-E E-Jiao Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.

Industry Context

Industry: Drug Manufacturers - Specialty & Generic
Average net assets among peers: $2,261,795,511
Average return on equity (ROE) among peers: 4.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shan Dong Dong-E E-Jiao Co Ltd (000423)	CN¥9.97 Billion	15.88%	0.28x	$4.76 Billion
Shenzhen Neptunus Bioengineering Co Ltd (000078)	$1.45 Billion	1.52%	1.57x	$608.33 Million
Anhui Fengyuan Pharmaceutical Co Ltd (000153)	$1.56 Billion	7.90%	1.45x	$376.03 Million
Livzon Pharmaceutical Group Inc (000513)	$973.90 Million	0.17%	0.60x	$2.74 Billion
Wedge Industrial Co Ltd (000534)	$1.29 Billion	11.69%	1.47x	$2.27 Billion
Yunnan Baiyao Group Co Ltd (000538)	$427.59 Million	11.32%	0.85x	$13.21 Billion
Hainan Haiyao Co Ltd (000566)	$353.98 Million	-9.58%	0.80x	$736.60 Million
Tus Pharmaceutical Group Co Ltd (000590)	$644.88 Million	3.52%	0.38x	$325.89 Million
Northeast Pharmaceutical Group Co Ltd (000597)	$994.58 Million	2.01%	2.11x	$956.43 Million
Jilin Aodong Pharmaceutical Group Co Ltd (000623)	$12.66 Billion	11.14%	0.09x	$3.04 Billion

About Shan Dong Dong-E E-Jiao Co Ltd

SHE:000423 China Drug Manufacturers - Specialty & Generic

Market Cap

$4.76 Billion

CN¥32.51 Billion CNY

Market Cap Rank

#3714 Global

#544 in China

Share Price

CN¥50.48

Change (1 day)

+0.90%

52-Week Range

CN¥46.80 - CN¥57.50

All Time High

CN¥68.19