CITIC Pacific Special Steel Group Co Ltd (000708) - Net Assets

Latest as of September 2025: CN¥43.99 Billion CNY ≈ $6.44 Billion USD

Based on the latest financial reports, CITIC Pacific Special Steel Group Co Ltd (000708) has net assets worth CN¥43.99 Billion CNY (≈ $6.44 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¥110.74 Billion ≈ $16.20 Billion USD) and total liabilities (CN¥66.75 Billion ≈ $9.77 Billion 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 financial resilience of CITIC Pacific Special Steel Group Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore CITIC Pacific Special Steel Group Co Ltd balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see CITIC Pacific Special Steel Group Co Ltd stock valuation.

Year Net Assets Change
2024-12-31 CN¥43.83 Billion
≈ $6.41 Billion		 +5.27%
2023-12-31 CN¥41.63 Billion
≈ $6.09 Billion		 +14.26%
2022-12-31 CN¥36.44 Billion
≈ $5.33 Billion		 +10.52%
2021-12-31 CN¥32.97 Billion
≈ $4.82 Billion		 +16.14%
2020-12-31 CN¥28.39 Billion
≈ $4.15 Billion		 +12.30%
2019-12-31 CN¥25.28 Billion
≈ $3.70 Billion		 +473.99%
2018-12-31 CN¥4.40 Billion
≈ $644.39 Million		 +9.32%
2017-12-31 CN¥4.03 Billion
≈ $589.47 Million		 +8.19%
2016-12-31 CN¥3.72 Billion
≈ $544.83 Million		 +6.44%
2015-12-31 CN¥3.50 Billion
≈ $511.87 Million		 +5.44%
2014-12-31 CN¥3.32 Billion
≈ $485.45 Million		 +5.68%
2013-12-31 CN¥3.14 Billion
≈ $459.38 Million		 +6.86%
2012-12-31 CN¥2.94 Billion
≈ $429.87 Million		 +1.33%
2011-12-31 CN¥2.90 Billion
≈ $424.25 Million		 +14.19%
2010-12-31 CN¥2.54 Billion
≈ $371.53 Million		 +24.19%
2009-12-31 CN¥2.04 Billion
≈ $299.18 Million		 +16.39%
2008-12-31 CN¥1.76 Billion
≈ $257.05 Million		 +6.74%
2007-12-31 CN¥1.65 Billion
≈ $240.81 Million		 +24.48%
2006-12-31 CN¥1.32 Billion
≈ $193.45 Million		 +36.51%
2005-12-31 CN¥968.48 Million
≈ $141.72 Million		 +10.37%
2004-12-31 CN¥877.50 Million
≈ $128.41 Million		 +13.58%
2003-12-31 CN¥772.58 Million
≈ $113.05 Million		 -3.53%
2002-12-31 CN¥800.85 Million
≈ $117.19 Million		 -48.35%
2001-12-31 CN¥1.55 Billion
≈ $226.88 Million		 -0.24%
2000-12-31 CN¥1.55 Billion
≈ $227.43 Million		 -0.67%
1999-12-31 CN¥1.56 Billion
≈ $228.97 Million		 -8.41%
1998-12-31 CN¥1.71 Billion
≈ $250.00 Million		 +14.20%
1997-12-31 CN¥1.50 Billion
≈ $218.91 Million		 +99.01%
1996-12-31 CN¥751.74 Million
≈ $110.00 Million		 +17.35%
1995-12-31 CN¥640.60 Million
≈ $93.74 Million		 +17.94%
1994-12-31 CN¥543.16 Million
≈ $79.48 Million		 +6.06%
1993-12-31 CN¥512.13 Million
≈ $74.94 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
Fuzhou Rockchip Electronics Co Ltd
SHG:603893
 $11.27 Billion
Tianshan Aluminum Group Co Ltd
SHE:002532
 $11.27 Billion
SK Holdings 1p Pref
KO:03473K
 $11.27 Billion
A.P.MOELL-M.B U.ADR 1/200
F:DP4H
 $11.30 Billion
Grupo Aeroportuario del Pacifico SAB De CV ADR
NYSE:PAC
 $11.25 Billion
Huaneng Power International Inc
SHG:600011
 $11.25 Billion
Elanco Animal Health
NYSE:ELAN
 $11.24 Billion
DIETEREN GR. UNSP.ADR 1/2
F:DJD
 $11.24 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: 1.91x
  • 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 22.75x to 1.91x 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¥15.25 x
1994-12-31 CN¥0.71 CN¥15.25 x
1995-12-31 CN¥0.84 CN¥15.25 x
1996-12-31 CN¥0.98 CN¥15.25 x
1997-12-31 CN¥1.96 CN¥15.25 x
1998-12-31 CN¥2.24 CN¥15.25 x
1999-12-31 CN¥2.05 CN¥15.25 x
2000-12-31 CN¥2.03 CN¥15.25 x
2001-12-31 CN¥2.03 CN¥15.25 x
2002-12-31 CN¥1.05 CN¥15.25 x
2003-12-31 CN¥1.01 CN¥15.25 x
2004-12-31 CN¥1.15 CN¥15.25 x
2005-12-31 CN¥1.27 CN¥15.25 x
2006-12-31 CN¥1.73 CN¥15.25 x
2007-12-31 CN¥2.15 CN¥15.25 x
2008-12-31 CN¥2.30 CN¥15.25 x
2009-12-31 CN¥2.68 CN¥15.25 x
2010-12-31 CN¥3.32 CN¥15.25 x
2011-12-31 CN¥3.80 CN¥15.25 x
2012-12-31 CN¥3.85 CN¥15.25 x
2013-12-31 CN¥4.11 CN¥15.25 x
2014-12-31 CN¥4.34 CN¥15.25 x
2015-12-31 CN¥4.58 CN¥15.25 x
2016-12-31 CN¥4.87 CN¥15.25 x
2017-12-31 CN¥5.27 CN¥15.25 x
2018-12-31 CN¥0.97 CN¥15.25 x
2019-12-31 CN¥5.00 CN¥15.25 x
2020-12-31 CN¥5.62 CN¥15.25 x
2021-12-31 CN¥6.50 CN¥15.25 x
2022-12-31 CN¥6.95 CN¥15.25 x
2023-12-31 CN¥7.34 CN¥15.25 x
2024-12-31 CN¥7.99 CN¥15.25 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: $20,272,288,012
  • Average return on equity (ROE) among peers: 14.14%

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 $11.26 Billion
HBIS Co Ltd (000709) $8.28 Billion 16.01% 1.31x $3.52 Billion
Sgis Songshan Co Ltd (000717) $9.51 Billion 19.57% 0.87x $879.62 Million
Bengang Steel Plates Co Ltd (000761) $4.90 Billion 14.93% 0.60x $1.60 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778) $21.71 Billion 9.68% 1.39x $2.67 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $17.66 Billion 24.06% 2.27x $3.54 Billion
Jiangsu Fasten Co Ltd (000890) $515.93 Million 10.12% 0.40x $961.31 Million
Angang Steel Co Ltd Class A (000898) $54.26 Billion 13.87% 0.60x $2.67 Billion
Hunan Valin Steel Co Ltd (000932) $57.59 Billion 11.08% 1.08x $4.69 Billion
Beijing Shougang Co Ltd (000959) $8.03 Billion 7.94% 1.27x $5.17 Billion

About CITIC Pacific Special Steel Group Co Ltd

SHE:000708 China Steel
Market Cap
$11.26 Billion
CN¥76.97 Billion CNY
Market Cap Rank
#2049 Global
#235 in China
Share Price
CN¥15.25
Change (1 day)
-1.49%
52-Week Range
CN¥11.20 - CN¥18.03
All Time High
CN¥50.48
Categories
Companies in China Steel
About

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