Xinxing Ductile Iron Pipes Co Ltd

SHE:000778 China Steel
Market Cap
$2.59 Billion
CN¥19.02 Billion CNY
Market Cap Rank
#5820 Global
#807 in China
Share Price
CN¥4.80
Change (1 day)
-0.21%
52-Week Range
CN¥3.17 - CN¥5.28
All Time High
CN¥6.67
Categories
Companies in China Steel
About

Xinxing Ductile Iron Pipes Co., Ltd., together with its subsidiaries, provides steel and iron products in China and internationally. The company offers centrifugal ductile iron pipes and pipe fittings, steel smelting and rolling products, casting products, steel-plastic composite pipes, steel grating, and special steel pipes; water supply, drainage, industrial and mining water, and seawater desal… Read more

Xinxing Ductile Iron Pipes Co Ltd (000778) - Net Assets

Latest net assets as of September 2025: CN¥28.96 Billion CNY

Based on the latest financial reports, Xinxing Ductile Iron Pipes Co Ltd (000778) has net assets worth CN¥28.96 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¥53.95 Billion) and total liabilities (CN¥24.99 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¥28.96 Billion
% of Total Assets 53.67%
Annual Growth Rate 17.36%
5-Year Change 16.66%
10-Year Change 53.9%
Growth Volatility 57.43

Xinxing Ductile Iron Pipes Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes Co Ltd (1994–2024)

The table below shows the annual net assets of Xinxing Ductile Iron Pipes Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥28.18 Billion -1.07%
2023-12-31 CN¥28.48 Billion +3.23%
2022-12-31 CN¥27.59 Billion +4.75%
2021-12-31 CN¥26.34 Billion +9.05%
2020-12-31 CN¥24.15 Billion +8.05%
2019-12-31 CN¥22.35 Billion +2.98%
2018-12-31 CN¥21.71 Billion +5.27%
2017-12-31 CN¥20.62 Billion +11.77%
2016-12-31 CN¥18.45 Billion +0.77%
2015-12-31 CN¥18.31 Billion +3.42%
2014-12-31 CN¥17.70 Billion +2.56%
2013-12-31 CN¥17.26 Billion +23.29%
2012-12-31 CN¥14.00 Billion +4.29%
2011-12-31 CN¥13.43 Billion +11.28%
2010-12-31 CN¥12.06 Billion +22.61%
2009-12-31 CN¥9.84 Billion +50.95%
2008-12-31 CN¥6.52 Billion +10.67%
2007-12-31 CN¥5.89 Billion +12.97%
2006-12-31 CN¥5.21 Billion +31.88%
2005-12-31 CN¥3.95 Billion +1.54%
2004-12-31 CN¥3.89 Billion +20.64%
2003-12-31 CN¥3.23 Billion +41.61%
2002-12-31 CN¥2.28 Billion +4.79%
2001-12-31 CN¥2.18 Billion +21.65%
2000-12-31 CN¥1.79 Billion +19.96%
1999-12-31 CN¥1.49 Billion +2.19%
1998-12-31 CN¥1.46 Billion +23.45%
1997-12-31 CN¥1.18 Billion +325.42%
1996-12-31 CN¥277.70 Million +2.38%
1995-12-31 CN¥271.24 Million +17.12%
1994-12-31 CN¥231.59 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xinxing Ductile Iron Pipes 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 1196744600000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.97 Billion 47.10%
Common Stock CN¥3.99 Billion 15.70%
Other Components CN¥9.45 Billion 37.19%
Total Equity CN¥25.41 Billion 100.00%

Xinxing Ductile Iron Pipes Co Ltd Competitors by Market Cap

The table below lists competitors of Xinxing Ductile Iron Pipes Co Ltd ranked by their market capitalization.

Company Market Cap
Menora Mivtachim Holdings Ltd
PINK:MNRHF
 		$1.51 Billion
Tongyu Communication Inc
SHE:002792
 		$1.51 Billion
Fujian Snowman Co Ltd
SHE:002639
 		$1.51 Billion
Quantum Computing Inc
NASDAQ:QUBT
 		$1.51 Billion
Delek Group Ltd
PINK:DLKGF
 		$1.51 Billion
Soitec S.A
PINK:SLOIF
 		$1.51 Billion
Upwork Inc
NASDAQ:UPWK
 		$1.51 Billion
Ferrotec (Anhui) Technology Development Co. Ltd. A
SHE:301297
 		$1.50 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xinxing Ductile Iron Pipes Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 25,459,968,832 to 25,407,496,000, a change of -52,472,832 (-0.2%).
  • Net income of 167,442,051 contributed positively to equity growth.
  • Dividend payments of 688,082,498 reduced retained earnings.
  • Share repurchases of 29,778,851 reduced equity.
  • Other factors increased equity by 497,946,466.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥167.44 Million +0.66%
Dividends Paid CN¥688.08 Million -2.71%
Share Repurchases CN¥29.78 Million -0.12%
Other Changes CN¥497.95 Million +1.96%
Total Change CN¥- -0.21%

Book Value vs Market Value Analysis

This analysis compares Xinxing Ductile Iron Pipes 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: 0.75x
  • 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 36.84x to 0.75x 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¥0.13 CN¥4.80 x
1995-12-31 CN¥0.15 CN¥4.80 x
1996-12-31 CN¥0.16 CN¥4.80 x
1997-12-31 CN¥0.60 CN¥4.80 x
1998-12-31 CN¥0.76 CN¥4.80 x
1999-12-31 CN¥0.78 CN¥4.80 x
2000-12-31 CN¥0.94 CN¥4.80 x
2001-12-31 CN¥1.13 CN¥4.80 x
2002-12-31 CN¥1.20 CN¥4.80 x
2003-12-31 CN¥1.59 CN¥4.80 x
2004-12-31 CN¥1.94 CN¥4.80 x
2005-12-31 CN¥1.87 CN¥4.80 x
2006-12-31 CN¥2.09 CN¥4.80 x
2007-12-31 CN¥2.09 CN¥4.80 x
2008-12-31 CN¥2.20 CN¥4.80 x
2009-12-31 CN¥3.79 CN¥4.80 x
2010-12-31 CN¥3.65 CN¥4.80 x
2011-12-31 CN¥4.05 CN¥4.80 x
2012-12-31 CN¥4.16 CN¥4.80 x
2013-12-31 CN¥5.40 CN¥4.80 x
2014-12-31 CN¥4.56 CN¥4.80 x
2015-12-31 CN¥4.66 CN¥4.80 x
2016-12-31 CN¥4.42 CN¥4.80 x
2017-12-31 CN¥4.99 CN¥4.80 x
2018-12-31 CN¥5.14 CN¥4.80 x
2019-12-31 CN¥5.31 CN¥4.80 x
2020-12-31 CN¥5.54 CN¥4.80 x
2021-12-31 CN¥5.95 CN¥4.80 x
2022-12-31 CN¥6.22 CN¥4.80 x
2023-12-31 CN¥6.42 CN¥4.80 x
2024-12-31 CN¥6.37 CN¥4.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xinxing Ductile Iron Pipes 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): 0.66%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.46%
  • • Asset Turnover: 0.68x
  • • Equity Multiplier: 2.10x
  • Recent ROE (0.66%) is below the historical average (15.73%), 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 75.72% 18.81% 1.39x 2.90x CN¥152.19 Million
1995 55.96% 16.04% 1.38x 2.53x CN¥124.66 Million
1996 51.53% 15.62% 1.25x 2.65x CN¥115.32 Million
1997 15.90% 12.92% 0.67x 1.84x CN¥63.34 Million
1998 13.73% 11.00% 0.69x 1.81x CN¥50.22 Million
1999 16.61% 12.14% 0.70x 1.97x CN¥91.95 Million
2000 16.39% 13.19% 0.68x 1.84x CN¥106.64 Million
2001 19.01% 14.21% 0.63x 2.13x CN¥181.49 Million
2002 20.64% 12.28% 0.68x 2.48x CN¥227.57 Million
2003 19.79% 10.54% 0.77x 2.43x CN¥276.21 Million
2004 18.07% 7.07% 1.10x 2.33x CN¥277.78 Million
2005 15.31% 5.25% 1.10x 2.65x CN¥176.87 Million
2006 11.17% 4.35% 1.07x 2.41x CN¥50.09 Million
2007 12.35% 4.16% 1.24x 2.40x CN¥112.77 Million
2008 10.01% 2.45% 1.43x 2.85x CN¥254.50K
2009 9.45% 3.06% 1.62x 1.91x CN¥-51.33 Million
2010 12.86% 3.59% 1.41x 2.54x CN¥300.69 Million
2011 12.57% 2.79% 1.61x 2.81x CN¥299.08 Million
2012 10.57% 2.15% 1.46x 3.36x CN¥68.39 Million
2013 6.49% 1.63% 1.23x 3.22x CN¥-557.18 Million
2014 5.03% 1.37% 1.14x 3.21x CN¥-826.07 Million
2015 3.53% 1.20% 0.98x 3.00x CN¥-1.10 Billion
2016 2.53% 0.84% 1.06x 2.83x CN¥-1.30 Billion
2017 5.55% 2.64% 0.84x 2.50x CN¥-873.08 Million
2018 10.24% 5.18% 0.78x 2.53x CN¥48.65 Million
2019 7.07% 3.66% 0.82x 2.34x CN¥-620.31 Million
2020 8.19% 4.22% 0.81x 2.40x CN¥-399.83 Million
2021 8.53% 3.76% 1.00x 2.27x CN¥-346.10 Million
2022 6.80% 3.51% 0.85x 2.27x CN¥-788.09 Million
2023 5.31% 3.12% 0.78x 2.18x CN¥-1.20 Billion
2024 0.66% 0.46% 0.68x 2.10x CN¥-2.37 Billion

Industry Comparison

This section compares Xinxing Ductile Iron Pipes Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $15,174,656,793
  • Average return on equity (ROE) among peers: 20.84%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xinxing Ductile Iron Pipes Co Ltd (000778) CN¥28.96 Billion 75.72% 0.86x $1.51 Billion
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
Bengang Steel Plates Co Ltd (000761) $20.01 Billion 2.78% 2.03x $452.44 Million
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