CITIC Pacific Special Steel Group Co Ltd
CITIC Pacific Special Steel Group Co., Ltd manufactures and sells steel materials in China. The company offers bearing, gear, non-quenched and tempered free cutting, spring, mooring chain, and energy steel, as well as continuous casting round billet; pipeline steel, ship and ocean engineering steel, rack steel, container steel, boiler steel, nickel series ultra-low temperature steel, high-strengt… Read more
CITIC Pacific Special Steel Group Co Ltd (000708) - Net Assets
Latest net assets as of September 2025: CN¥43.99 Billion CNY
Based on the latest financial reports, CITIC Pacific Special Steel Group Co Ltd (000708) has net assets worth CN¥43.99 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¥110.74 Billion) and total liabilities (CN¥66.75 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¥43.99 Billion |
| % of Total Assets | 39.72% |
| Annual Growth Rate | 15.43% |
| 5-Year Change | 54.41% |
| 10-Year Change | 1152.95% |
| Growth Volatility | 84.37 |
CITIC Pacific Special Steel Group Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how CITIC Pacific Special Steel Group Co 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 CITIC Pacific Special Steel Group Co Ltd (1993–2024)
The table below shows the annual net assets of CITIC Pacific Special Steel Group Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥43.83 Billion | +5.27% |
| 2023-12-31 | CN¥41.63 Billion | +14.26% |
| 2022-12-31 | CN¥36.44 Billion | +10.52% |
| 2021-12-31 | CN¥32.97 Billion | +16.14% |
| 2020-12-31 | CN¥28.39 Billion | +12.30% |
| 2019-12-31 | CN¥25.28 Billion | +473.99% |
| 2018-12-31 | CN¥4.40 Billion | +9.32% |
| 2017-12-31 | CN¥4.03 Billion | +8.19% |
| 2016-12-31 | CN¥3.72 Billion | +6.44% |
| 2015-12-31 | CN¥3.50 Billion | +5.44% |
| 2014-12-31 | CN¥3.32 Billion | +5.68% |
| 2013-12-31 | CN¥3.14 Billion | +6.86% |
| 2012-12-31 | CN¥2.94 Billion | +1.33% |
| 2011-12-31 | CN¥2.90 Billion | +14.19% |
| 2010-12-31 | CN¥2.54 Billion | +24.19% |
| 2009-12-31 | CN¥2.04 Billion | +16.39% |
| 2008-12-31 | CN¥1.76 Billion | +6.74% |
| 2007-12-31 | CN¥1.65 Billion | +24.48% |
| 2006-12-31 | CN¥1.32 Billion | +36.51% |
| 2005-12-31 | CN¥968.48 Million | +10.37% |
| 2004-12-31 | CN¥877.50 Million | +13.58% |
| 2003-12-31 | CN¥772.58 Million | -3.53% |
| 2002-12-31 | CN¥800.85 Million | -48.35% |
| 2001-12-31 | CN¥1.55 Billion | -0.24% |
| 2000-12-31 | CN¥1.55 Billion | -0.67% |
| 1999-12-31 | CN¥1.56 Billion | -8.41% |
| 1998-12-31 | CN¥1.71 Billion | +14.20% |
| 1997-12-31 | CN¥1.50 Billion | +99.01% |
| 1996-12-31 | CN¥751.74 Million | +17.35% |
| 1995-12-31 | CN¥640.60 Million | +17.94% |
| 1994-12-31 | CN¥543.16 Million | +6.06% |
| 1993-12-31 | CN¥512.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CITIC Pacific Special Steel Group 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 2333890700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥23.34 Billion | 57.02% |
| Common Stock | CN¥5.05 Billion | 12.33% |
| Other Comprehensive Income | CN¥3.59 Billion | 8.78% |
| Other Components | CN¥8.95 Billion | 21.87% |
| Total Equity | CN¥40.93 Billion | 100.00% |
CITIC Pacific Special Steel Group Co Ltd Competitors by Market Cap
The table below lists competitors of CITIC Pacific Special Steel Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Agilysys Inc
NASDAQ:AGYS
|
$1.81 Billion |
|
National Storage REIT
PINK:NTSGF
|
$1.81 Billion |
|
Taiwan High Speed Rail Corp
TW:2633
|
$1.81 Billion |
|
Elekta AB (publ)
PINK:EKTAF
|
$1.81 Billion |
|
Shanghai V-Test Semiconductor Tech Co. Ltd. A
SHG:688372
|
$1.81 Billion |
|
Hammerson plc
PINK:HMSNF
|
$1.81 Billion |
|
Qingdao Huicheng Environmental Co Ltd
SHE:300779
|
$1.81 Billion |
|
Xizang Haisco Pharmaceutical Group Co Ltd
SHE:002653
|
$1.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CITIC Pacific Special Steel Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 38,609,126,148 to 40,930,431,000, a change of 2,321,304,852 (6.0%).
- Net income of 5,125,627,042 contributed positively to equity growth.
- Dividend payments of 3,713,500,561 reduced retained earnings.
- Other comprehensive income increased equity by 330,825,347.
- Other factors increased equity by 578,353,024.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.13 Billion | +12.52% |
| Dividends Paid | CN¥3.71 Billion | -9.07% |
| Other Comprehensive Income | CN¥330.83 Million | +0.81% |
| Other Changes | CN¥578.35 Million | +1.41% |
| Total Change | CN¥- | 6.01% |
Book Value vs Market Value Analysis
This analysis compares CITIC Pacific Special Steel Group 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: 2.04x
- 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 24.32x to 2.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.67 | CN¥16.30 | x |
| 1994-12-31 | CN¥0.71 | CN¥16.30 | x |
| 1995-12-31 | CN¥0.84 | CN¥16.30 | x |
| 1996-12-31 | CN¥0.98 | CN¥16.30 | x |
| 1997-12-31 | CN¥1.96 | CN¥16.30 | x |
| 1998-12-31 | CN¥2.24 | CN¥16.30 | x |
| 1999-12-31 | CN¥2.05 | CN¥16.30 | x |
| 2000-12-31 | CN¥2.03 | CN¥16.30 | x |
| 2001-12-31 | CN¥2.03 | CN¥16.30 | x |
| 2002-12-31 | CN¥1.05 | CN¥16.30 | x |
| 2003-12-31 | CN¥1.01 | CN¥16.30 | x |
| 2004-12-31 | CN¥1.15 | CN¥16.30 | x |
| 2005-12-31 | CN¥1.27 | CN¥16.30 | x |
| 2006-12-31 | CN¥1.73 | CN¥16.30 | x |
| 2007-12-31 | CN¥2.15 | CN¥16.30 | x |
| 2008-12-31 | CN¥2.30 | CN¥16.30 | x |
| 2009-12-31 | CN¥2.68 | CN¥16.30 | x |
| 2010-12-31 | CN¥3.32 | CN¥16.30 | x |
| 2011-12-31 | CN¥3.80 | CN¥16.30 | x |
| 2012-12-31 | CN¥3.85 | CN¥16.30 | x |
| 2013-12-31 | CN¥4.11 | CN¥16.30 | x |
| 2014-12-31 | CN¥4.34 | CN¥16.30 | x |
| 2015-12-31 | CN¥4.58 | CN¥16.30 | x |
| 2016-12-31 | CN¥4.87 | CN¥16.30 | x |
| 2017-12-31 | CN¥5.27 | CN¥16.30 | x |
| 2018-12-31 | CN¥0.97 | CN¥16.30 | x |
| 2019-12-31 | CN¥5.00 | CN¥16.30 | x |
| 2020-12-31 | CN¥5.62 | CN¥16.30 | x |
| 2021-12-31 | CN¥6.50 | CN¥16.30 | x |
| 2022-12-31 | CN¥6.95 | CN¥16.30 | x |
| 2023-12-31 | CN¥7.34 | CN¥16.30 | x |
| 2024-12-31 | CN¥7.99 | CN¥16.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CITIC Pacific Special Steel Group 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): 12.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.69%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.71x
- Recent ROE (12.52%) is below the historical average (14.64%), 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 | 26.34% | 5.87% | 1.42x | 3.16x | CN¥83.68 Million |
| 1994 | 26.80% | 6.49% | 1.27x | 3.24x | CN¥91.24 Million |
| 1995 | 16.68% | 5.52% | 0.91x | 3.31x | CN¥42.77 Million |
| 1996 | 14.78% | 6.46% | 0.74x | 3.09x | CN¥35.96 Million |
| 1997 | 9.93% | 7.93% | 0.61x | 2.05x | CN¥-1.12 Million |
| 1998 | 2.88% | 3.05% | 0.49x | 1.93x | CN¥-121.58 Million |
| 1999 | 1.71% | 1.85% | 0.44x | 2.12x | CN¥-129.64 Million |
| 2000 | 1.14% | 1.62% | 0.28x | 2.46x | CN¥-137.75 Million |
| 2001 | 1.01% | 1.07% | 0.39x | 2.42x | CN¥-139.36 Million |
| 2002 | 5.69% | 2.63% | 0.62x | 3.49x | CN¥-34.52 Million |
| 2003 | -5.53% | -1.99% | 0.66x | 4.23x | CN¥-119.98 Million |
| 2004 | 3.08% | 0.71% | 0.94x | 4.63x | CN¥-60.74 Million |
| 2005 | 8.30% | 1.81% | 1.40x | 3.28x | CN¥-16.48 Million |
| 2006 | 24.03% | 6.59% | 1.63x | 2.24x | CN¥185.46 Million |
| 2007 | 19.67% | 5.48% | 1.72x | 2.09x | CN¥159.06 Million |
| 2008 | 11.44% | 2.68% | 2.21x | 1.93x | CN¥25.22 Million |
| 2009 | 16.28% | 5.98% | 1.47x | 1.85x | CN¥128.34 Million |
| 2010 | 22.13% | 7.12% | 1.74x | 1.79x | CN¥307.99 Million |
| 2011 | 20.18% | 6.32% | 1.97x | 1.62x | CN¥295.01 Million |
| 2012 | 7.43% | 2.69% | 1.91x | 1.45x | CN¥-75.55 Million |
| 2013 | 6.42% | 2.71% | 1.65x | 1.43x | CN¥-112.27 Million |
| 2014 | 8.08% | 3.65% | 1.46x | 1.52x | CN¥-63.69 Million |
| 2015 | 7.73% | 4.36% | 1.21x | 1.47x | CN¥-79.41 Million |
| 2016 | 7.86% | 4.58% | 1.09x | 1.57x | CN¥-79.65 Million |
| 2017 | 9.80% | 3.86% | 1.55x | 1.63x | CN¥-7.93 Million |
| 2018 | 81.30% | 4.96% | 9.40x | 1.74x | CN¥3.14 Billion |
| 2019 | 21.34% | 7.42% | 1.00x | 2.88x | CN¥2.86 Billion |
| 2020 | 21.28% | 7.91% | 0.99x | 2.73x | CN¥3.20 Billion |
| 2021 | 23.71% | 7.89% | 1.16x | 2.59x | CN¥4.50 Billion |
| 2022 | 19.59% | 7.22% | 1.08x | 2.50x | CN¥3.48 Billion |
| 2023 | 14.82% | 5.02% | 0.98x | 3.02x | CN¥1.86 Billion |
| 2024 | 12.52% | 4.69% | 0.98x | 2.71x | CN¥1.03 Billion |
Industry Comparison
This section compares CITIC Pacific Special Steel Group Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $5,029,414,904
- Average return on equity (ROE) among peers: 11.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CITIC Pacific Special Steel Group Co Ltd (000708) | CN¥43.99 Billion | 26.34% | 1.52x | $1.81 Billion |
| Sgis Songshan Co Ltd (000717) | $327.09 Million | 52.31% | 0.75x | $413.87 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $28.18 Billion | 0.59% | 0.89x | $1.51 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $3.37 Billion | 8.80% | 0.69x | $1.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $654.28 Million | -22.20% | 10.49x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $5.09 Billion | 10.03% | 0.24x | $1.18 Billion |
| Hunan Valin Steel Co Ltd (000932) | $2.77 Billion | 11.22% | 0.71x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $2.57 Billion | 23.68% | 2.11x | $921.92 Million |
| Sansteel MinGuang Co Ltd Fujian (002110) | $1.60 Billion | 7.93% | 1.54x | $528.18 Million |
| Henan Hengxing Science & Technology Co Ltd (002132) | $696.31 Million | 11.21% | 0.89x | $528.47 Million |