Bengang Steel Plates Co Ltd

SHE:000761 China Steel
Market Cap
$1.78 Billion
CN¥13.05 Billion CNY
Market Cap Rank
#10750 Global
#2428 in China
Share Price
CN¥3.52
Change (1 day)
+1.15%
52-Week Range
CN¥3.18 - CN¥4.30
All Time High
CN¥6.05
Categories
Companies in China Steel
About

Bengang Steel Plates Co., Ltd. engages in production and trading of ferrous metal products in China. It is involved in steelmaking, rolling processing, power generation, coal chemical industry, special steel bar production, railway, import and export trade, and scientific research and product sales businesses. The company also offers automotive surface panels, home appliance panels, petroleum pip… Read more

Bengang Steel Plates Co Ltd (000761) - Net Assets

Latest net assets as of September 2025: CN¥10.28 Billion CNY

Based on the latest financial reports, Bengang Steel Plates Co Ltd (000761) has net assets worth CN¥10.28 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¥46.73 Billion) and total liabilities (CN¥36.45 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¥10.28 Billion
% of Total Assets 22.0%
Annual Growth Rate 9.57%
5-Year Change -42.0%
10-Year Change 0.48%
Growth Volatility 51.95

Bengang Steel Plates Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Bengang Steel Plates 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 Bengang Steel Plates Co Ltd (1994–2024)

The table below shows the annual net assets of Bengang Steel Plates Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥12.50 Billion -28.98%
2023-12-31 CN¥17.60 Billion -9.16%
2022-12-31 CN¥19.37 Billion -16.01%
2021-12-31 CN¥23.07 Billion +7.03%
2020-12-31 CN¥21.55 Billion +7.68%
2019-12-31 CN¥20.01 Billion +1.80%
2018-12-31 CN¥19.66 Billion +32.39%
2017-12-31 CN¥14.85 Billion +11.95%
2016-12-31 CN¥13.26 Billion +6.64%
2015-12-31 CN¥12.44 Billion -21.45%
2014-12-31 CN¥15.84 Billion +1.01%
2013-12-31 CN¥15.68 Billion +2.37%
2012-12-31 CN¥15.32 Billion -1.57%
2011-12-31 CN¥15.56 Billion +3.42%
2010-12-31 CN¥15.05 Billion +6.52%
2009-12-31 CN¥14.12 Billion -10.75%
2008-12-31 CN¥15.83 Billion -5.46%
2007-12-31 CN¥16.74 Billion +4.38%
2006-12-31 CN¥16.04 Billion +202.09%
2005-12-31 CN¥5.31 Billion +8.29%
2004-12-31 CN¥4.90 Billion +11.49%
2003-12-31 CN¥4.40 Billion +13.60%
2002-12-31 CN¥3.87 Billion +11.04%
2001-12-31 CN¥3.49 Billion +1.38%
2000-12-31 CN¥3.44 Billion +4.41%
1999-12-31 CN¥3.29 Billion +11.24%
1998-12-31 CN¥2.96 Billion +1.38%
1997-12-31 CN¥2.92 Billion +208.22%
1996-12-31 CN¥947.48 Million +25.86%
1995-12-31 CN¥752.80 Million -6.65%
1994-12-31 CN¥806.40 Million --

Equity Component Analysis

This analysis shows how different components contribute to Bengang Steel Plates 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 decreased by 749701163290.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥4.11 Billion 34.56%
Other Comprehensive Income CN¥2.17 Billion 18.22%
Other Components CN¥13.11 Billion 110.28%
Total Equity CN¥11.89 Billion 100.00%

Bengang Steel Plates Co Ltd Competitors by Market Cap

The table below lists competitors of Bengang Steel Plates Co Ltd ranked by their market capitalization.

Company Market Cap
Tangel Publishing
SHE:300148
 		$453.23 Million
Anpec Electronics
TWO:6138
 		$453.31 Million
Xiangyu Medical Co. Ltd. A
SHG:688626
 		$453.41 Million
Probe Gold Inc.
TO:PRB
 		$453.44 Million
Mochida Pharmaceutical Co. Ltd
F:MFY
 		$452.38 Million
New Pacific Metals Corp
NYSE MKT:NEWP
 		$452.28 Million
Beijing Oriental Jicheng Co Ltd
SHE:002819
 		$452.07 Million
Citychamp Dartong Co Ltd
SHG:600067
 		$452.04 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Bengang Steel Plates Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 17,009,969,496 to 11,887,217,861, a change of -5,122,751,635 (-30.1%).
  • Net loss of 5,037,271,397 reduced equity.
  • Dividend payments of 274,024,906 reduced retained earnings.
  • Other comprehensive income decreased equity by 42,288,987.
  • Other factors increased equity by 230,833,655.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-5.04 Billion -42.38%
Dividends Paid CN¥274.02 Million -2.31%
Other Comprehensive Income CN¥-42.29 Million -0.36%
Other Changes CN¥230.83 Million +1.94%
Total Change CN¥- -30.12%

Book Value vs Market Value Analysis

This analysis compares Bengang Steel Plates 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: 1.22x
  • 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 13.69x to 1.22x 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¥0.26 CN¥3.52 x
1995-12-31 CN¥0.24 CN¥3.52 x
1996-12-31 CN¥0.30 CN¥3.52 x
1997-12-31 CN¥0.93 CN¥3.52 x
1998-12-31 CN¥0.94 CN¥3.52 x
1999-12-31 CN¥1.05 CN¥3.52 x
2000-12-31 CN¥1.10 CN¥3.52 x
2001-12-31 CN¥1.11 CN¥3.52 x
2002-12-31 CN¥1.23 CN¥3.52 x
2003-12-31 CN¥1.40 CN¥3.52 x
2004-12-31 CN¥1.56 CN¥3.52 x
2005-12-31 CN¥1.69 CN¥3.52 x
2006-12-31 CN¥5.13 CN¥3.52 x
2007-12-31 CN¥5.36 CN¥3.52 x
2008-12-31 CN¥5.04 CN¥3.52 x
2009-12-31 CN¥4.51 CN¥3.52 x
2010-12-31 CN¥4.79 CN¥3.52 x
2011-12-31 CN¥4.95 CN¥3.52 x
2012-12-31 CN¥4.81 CN¥3.52 x
2013-12-31 CN¥4.89 CN¥3.52 x
2014-12-31 CN¥4.89 CN¥3.52 x
2015-12-31 CN¥3.80 CN¥3.52 x
2016-12-31 CN¥4.05 CN¥3.52 x
2017-12-31 CN¥4.56 CN¥3.52 x
2018-12-31 CN¥5.02 CN¥3.52 x
2019-12-31 CN¥5.03 CN¥3.52 x
2020-12-31 CN¥5.42 CN¥3.52 x
2021-12-31 CN¥5.48 CN¥3.52 x
2022-12-31 CN¥4.57 CN¥3.52 x
2023-12-31 CN¥4.14 CN¥3.52 x
2024-12-31 CN¥2.89 CN¥3.52 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Bengang Steel Plates 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): -42.38%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.83%
  • • Asset Turnover: 1.12x
  • • Equity Multiplier: 3.85x
  • Recent ROE (-42.38%) is below the historical average (6.35%), 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 41.52% 7.59% 2.75x 1.99x CN¥254.20 Million
1995 38.15% 5.92% 2.70x 2.39x CN¥211.92 Million
1996 39.62% 7.54% 2.32x 2.26x CN¥280.62 Million
1997 13.06% 8.58% 1.29x 1.18x CN¥89.28 Million
1998 10.05% 6.30% 1.22x 1.30x CN¥1.51 Million
1999 10.10% 5.96% 1.27x 1.33x CN¥3.34 Million
2000 10.17% 5.00% 1.48x 1.38x CN¥5.95 Million
2001 7.88% 5.24% 0.99x 1.51x CN¥-73.75 Million
2002 9.94% 4.97% 1.15x 1.74x CN¥-2.17 Million
2003 11.93% 4.68% 1.57x 1.62x CN¥85.00 Million
2004 14.93% 4.22% 2.21x 1.60x CN¥241.79 Million
2005 11.91% 3.13% 2.63x 1.45x CN¥101.32 Million
2006 10.98% 6.59% 0.99x 1.68x CN¥156.82 Million
2007 9.51% 5.08% 1.07x 1.75x CN¥-82.08 Million
2008 1.04% 0.43% 1.18x 2.07x CN¥-1.42 Billion
2009 -10.94% -4.34% 1.02x 2.47x CN¥-2.96 Billion
2010 6.16% 2.03% 1.27x 2.39x CN¥-575.67 Million
2011 5.13% 1.58% 1.23x 2.64x CN¥-756.65 Million
2012 0.52% 0.20% 1.06x 2.51x CN¥-1.45 Billion
2013 1.80% 0.68% 0.94x 2.81x CN¥-1.26 Billion
2014 1.51% 0.56% 0.84x 3.20x CN¥-1.31 Billion
2015 -27.60% -11.26% 0.66x 3.73x CN¥-4.49 Billion
2016 6.14% 2.65% 0.55x 4.26x CN¥-490.24 Million
2017 11.18% 3.95% 0.64x 4.40x CN¥168.55 Million
2018 5.42% 2.07% 0.84x 3.12x CN¥-876.13 Million
2019 2.85% 1.05% 0.87x 3.12x CN¥-1.39 Billion
2020 1.83% 0.79% 0.75x 3.09x CN¥-1.72 Billion
2021 11.11% 3.21% 1.41x 2.45x CN¥250.49 Million
2022 -6.56% -1.97% 1.42x 2.35x CN¥-3.11 Billion
2023 -10.12% -2.97% 1.25x 2.71x CN¥-3.42 Billion
2024 -42.38% -9.83% 1.12x 3.85x CN¥-6.23 Billion

Industry Comparison

This section compares Bengang Steel Plates Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $13,192,682,550
  • Average return on equity (ROE) among peers: 22.49%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Bengang Steel Plates Co Ltd (000761) CN¥10.28 Billion 41.52% 3.55x $452.44 Million
CITIC Pacific Special Steel Group Co Ltd (000708) $4.40 Billion 81.30% 0.74x $1.84 Billion
HBIS Co Ltd (000709) $7.63 Billion 11.59% 1.03x $1.27 Billion
Sgis Songshan Co Ltd (000717) $8.00 Billion 22.80% 1.15x $443.11 Million
Xinxing Ductile Iron Pipes Co Ltd (000778) $2.18 Billion 17.60% 0.97x $1.51 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $27.34 Billion 16.91% 1.72x $1.33 Billion
Jiangsu Fasten Co Ltd (000890) $1.18 Billion 1.14% 1.80x $283.59 Million
Angang Steel Co Ltd Class A (000898) $60.19 Billion 11.57% 0.62x $1.19 Billion
Hunan Valin Steel Co Ltd (000932) $1.39 Billion 22.60% 1.61x $1.17 Billion
Beijing Shougang Co Ltd (000959) $6.43 Billion 16.93% 1.18x $911.24 Million