Shandong Chenming Paper Holdings Ltd
Shandong Chenming Paper Holdings Limited engages in the pulp production and paper making in China and internationally. It operates through four segments: Machine Paper, Financial Services, Hotels and Property Rentals, and Other. The company offers culture paper, copperplate paper, coated paper, white cardboard, copy paper, industrial paper, special paper, life paper, newspaper, and thermal and gl… Read more
Shandong Chenming Paper Holdings Ltd (000488) - Net Assets
Latest net assets as of September 2025: CN¥5.34 Billion CNY
Based on the latest financial reports, Shandong Chenming Paper Holdings Ltd (000488) has net assets worth CN¥5.34 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥52.85 Billion) and total liabilities (CN¥47.51 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 | CN¥5.34 Billion |
| % of Total Assets | 10.11% |
| Annual Growth Rate | 15.44% |
| 5-Year Change | -50.25% |
| 10-Year Change | -25.63% |
| Growth Volatility | 56.56 |
Shandong Chenming Paper Holdings Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Shandong Chenming Paper Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Chenming Paper Holdings Ltd (1994–2024)
The table below shows the annual net assets of Shandong Chenming Paper Holdings Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.84 Billion | -39.16% |
| 2023-12-31 | CN¥21.10 Billion | -11.09% |
| 2022-12-31 | CN¥23.73 Billion | +5.24% |
| 2021-12-31 | CN¥22.55 Billion | -12.61% |
| 2020-12-31 | CN¥25.80 Billion | -2.05% |
| 2019-12-31 | CN¥26.34 Billion | +1.81% |
| 2018-12-31 | CN¥25.87 Billion | -14.54% |
| 2017-12-31 | CN¥30.27 Billion | +34.17% |
| 2016-12-31 | CN¥22.56 Billion | +30.74% |
| 2015-12-31 | CN¥17.26 Billion | +20.29% |
| 2014-12-31 | CN¥14.35 Billion | -1.98% |
| 2013-12-31 | CN¥14.64 Billion | +2.04% |
| 2012-12-31 | CN¥14.35 Billion | -4.29% |
| 2011-12-31 | CN¥14.99 Billion | -1.79% |
| 2010-12-31 | CN¥15.26 Billion | +3.55% |
| 2009-12-31 | CN¥14.74 Billion | +5.10% |
| 2008-12-31 | CN¥14.02 Billion | +32.52% |
| 2007-12-31 | CN¥10.58 Billion | +36.53% |
| 2006-12-31 | CN¥7.75 Billion | +7.78% |
| 2005-12-31 | CN¥7.19 Billion | +8.90% |
| 2004-12-31 | CN¥6.60 Billion | +24.61% |
| 2003-12-31 | CN¥5.30 Billion | +22.55% |
| 2002-12-31 | CN¥4.32 Billion | +10.57% |
| 2001-12-31 | CN¥3.91 Billion | +13.78% |
| 2000-12-31 | CN¥3.44 Billion | +99.40% |
| 1999-12-31 | CN¥1.72 Billion | +16.26% |
| 1998-12-31 | CN¥1.48 Billion | +12.43% |
| 1997-12-31 | CN¥1.32 Billion | +296.64% |
| 1996-12-31 | CN¥332.42 Million | +64.42% |
| 1995-12-31 | CN¥202.18 Million | +16.86% |
| 1994-12-31 | CN¥173.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Chenming Paper Holdings 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 822.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥607.82 Million | 6.64% |
| Common Stock | CN¥2.93 Billion | 32.05% |
| Other Components | CN¥5.61 Billion | 61.31% |
| Total Equity | CN¥9.16 Billion | 100.00% |
Shandong Chenming Paper Holdings Ltd Competitors by Market Cap
The table below lists competitors of Shandong Chenming Paper Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
|
$856.97 Million |
|
Badger Infrastructure Solutions Ltd
PINK:BADFF
|
$857.22 Million |
|
First Advantage Corp
NASDAQ:FA
|
$857.79 Million |
|
Jamieson Wellness Inc
PINK:JWLLF
|
$857.83 Million |
|
Shenzhen Airport Co Ltd
SHE:000089
|
$856.79 Million |
|
Strauss Group Ltd
PINK:SGLJF
|
$856.64 Million |
|
OCI N.V
OTCGREY:OCINF
|
$856.42 Million |
|
Corporación Financiera Colombiana S.A
PINK:CRPFY
|
$856.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Chenming Paper Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,692,175,196 to 9,156,104,000, a change of -7,536,071,196 (-45.1%).
- Net loss of 7,410,784,491 reduced equity.
- Dividend payments of 1,921,902,301 reduced retained earnings.
- Share repurchases of 67,391,949 reduced equity.
- Other factors increased equity by 1,864,007,545.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-7.41 Billion | -80.94% |
| Dividends Paid | CN¥1.92 Billion | -20.99% |
| Share Repurchases | CN¥67.39 Million | -0.74% |
| Other Changes | CN¥1.86 Billion | +20.36% |
| Total Change | CN¥- | -45.15% |
Book Value vs Market Value Analysis
This analysis compares Shandong Chenming Paper Holdings 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: 0.98x
- 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.
- The price-to-book ratio has decreased from 45.91x to 0.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.07 | CN¥3.05 | x |
| 1995-12-31 | CN¥0.07 | CN¥3.05 | x |
| 1996-12-31 | CN¥0.13 | CN¥3.05 | x |
| 1997-12-31 | CN¥0.40 | CN¥3.05 | x |
| 1998-12-31 | CN¥0.45 | CN¥3.05 | x |
| 1999-12-31 | CN¥0.51 | CN¥3.05 | x |
| 2000-12-31 | CN¥1.10 | CN¥3.05 | x |
| 2001-12-31 | CN¥1.22 | CN¥3.05 | x |
| 2002-12-31 | CN¥1.36 | CN¥3.05 | x |
| 2003-12-31 | CN¥1.68 | CN¥3.05 | x |
| 2004-12-31 | CN¥1.86 | CN¥3.05 | x |
| 2005-12-31 | CN¥2.10 | CN¥3.05 | x |
| 2006-12-31 | CN¥2.31 | CN¥3.05 | x |
| 2007-12-31 | CN¥3.55 | CN¥3.05 | x |
| 2008-12-31 | CN¥4.33 | CN¥3.05 | x |
| 2009-12-31 | CN¥4.25 | CN¥3.05 | x |
| 2010-12-31 | CN¥4.34 | CN¥3.05 | x |
| 2011-12-31 | CN¥4.30 | CN¥3.05 | x |
| 2012-12-31 | CN¥4.57 | CN¥3.05 | x |
| 2013-12-31 | CN¥4.61 | CN¥3.05 | x |
| 2014-12-31 | CN¥4.77 | CN¥3.05 | x |
| 2015-12-31 | CN¥5.51 | CN¥3.05 | x |
| 2016-12-31 | CN¥7.34 | CN¥3.05 | x |
| 2017-12-31 | CN¥8.33 | CN¥3.05 | x |
| 2018-12-31 | CN¥5.09 | CN¥3.05 | x |
| 2019-12-31 | CN¥5.01 | CN¥3.05 | x |
| 2020-12-31 | CN¥6.27 | CN¥3.05 | x |
| 2021-12-31 | CN¥4.93 | CN¥3.05 | x |
| 2022-12-31 | CN¥4.93 | CN¥3.05 | x |
| 2023-12-31 | CN¥5.73 | CN¥3.05 | x |
| 2024-12-31 | CN¥3.13 | CN¥3.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Chenming Paper Holdings 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): -80.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.60%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 6.94x
- Recent ROE (-80.94%) is below the historical average (7.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 15.23% | 12.51% | 0.90x | 1.35x | CN¥9.05 Million |
| 1995 | 55.11% | 23.71% | 1.06x | 2.20x | CN¥77.32 Million |
| 1996 | 38.98% | 22.87% | 0.85x | 2.02x | CN¥96.33 Million |
| 1997 | 17.65% | 23.66% | 0.43x | 1.72x | CN¥79.86 Million |
| 1998 | 10.92% | 11.96% | 0.43x | 2.11x | CN¥10.78 Million |
| 1999 | 12.92% | 10.08% | 0.52x | 2.47x | CN¥39.23 Million |
| 2000 | 8.08% | 9.59% | 0.45x | 1.88x | CN¥-55.05 Million |
| 2001 | 4.47% | 5.90% | 0.33x | 2.33x | CN¥-175.67 Million |
| 2002 | 10.77% | 8.55% | 0.51x | 2.46x | CN¥27.13 Million |
| 2003 | 14.35% | 10.79% | 0.57x | 2.34x | CN¥190.52 Million |
| 2004 | 10.41% | 7.13% | 0.45x | 3.28x | CN¥19.81 Million |
| 2005 | 11.02% | 6.20% | 0.54x | 3.29x | CN¥55.87 Million |
| 2006 | 10.03% | 5.10% | 0.57x | 3.42x | CN¥1.95 Million |
| 2007 | 11.06% | 6.38% | 0.69x | 2.52x | CN¥93.13 Million |
| 2008 | 8.77% | 6.92% | 0.59x | 2.15x | CN¥-150.62 Million |
| 2009 | 6.43% | 5.62% | 0.53x | 2.17x | CN¥-463.24 Million |
| 2010 | 8.59% | 6.76% | 0.49x | 2.59x | CN¥-190.24 Million |
| 2011 | 4.50% | 3.43% | 0.39x | 3.37x | CN¥-744.59 Million |
| 2012 | 1.61% | 1.12% | 0.41x | 3.47x | CN¥-1.15 Billion |
| 2013 | 5.06% | 3.49% | 0.43x | 3.38x | CN¥-693.33 Million |
| 2014 | 3.63% | 2.64% | 0.34x | 4.08x | CN¥-886.53 Million |
| 2015 | 6.05% | 5.06% | 0.26x | 4.62x | CN¥-665.92 Million |
| 2016 | 9.29% | 9.15% | 0.27x | 3.70x | CN¥-157.89 Million |
| 2017 | 13.57% | 12.79% | 0.28x | 3.80x | CN¥991.47 Million |
| 2018 | 10.02% | 8.69% | 0.27x | 4.20x | CN¥4.96 Million |
| 2019 | 6.58% | 5.45% | 0.31x | 3.89x | CN¥-860.41 Million |
| 2020 | 7.05% | 5.57% | 0.34x | 3.77x | CN¥-715.67 Million |
| 2021 | 10.82% | 6.26% | 0.40x | 4.34x | CN¥156.54 Million |
| 2022 | 1.66% | 0.99% | 0.38x | 4.42x | CN¥-1.59 Billion |
| 2023 | -7.68% | -4.82% | 0.33x | 4.76x | CN¥-2.95 Billion |
| 2024 | -80.94% | -32.60% | 0.36x | 6.94x | CN¥-8.33 Billion |
Industry Comparison
This section compares Shandong Chenming Paper Holdings Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $1,093,800,510
- Average return on equity (ROE) among peers: 14.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Chenming Paper Holdings Ltd (000488) | CN¥5.34 Billion | 15.23% | 8.89x | $856.84 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.01 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.70 Billion | 0.34% | 0.06x | $340.02 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $334.24 Million | 16.95% | 2.25x | $888.99 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $4.46 Billion | 3.96% | 2.41x | $2.97 Billion |
| Xiamen Anne Corp Ltd (002235) | $453.96 Million | 11.63% | 0.34x | $679.45 Million |
| Qifeng New Material Co Ltd (002521) | $382.94 Million | 31.00% | 1.37x | $387.93 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $1.32 Billion | 13.98% | 0.36x | $251.60 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $96.98 Million | 33.95% | 2.34x | $282.96 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $519.79 Million | 14.19% | 0.64x | $808.66 Million |