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

Latest as of September 2025: CN¥28.96 Billion CNY ≈ $4.24 Billion USD

Based on the latest financial reports, Xinxing Ductile Iron Pipes Co Ltd (000778) has net assets worth CN¥28.96 Billion CNY (≈ $4.24 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¥53.95 Billion ≈ $7.89 Billion USD) and total liabilities (CN¥24.99 Billion ≈ $3.66 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 000778 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 000778 total asset value for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Xinxing Ductile Iron Pipes Co Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥28.18 Billion ≈ $4.12 Billion	-1.07%
2023-12-31	CN¥28.48 Billion ≈ $4.17 Billion	+3.23%
2022-12-31	CN¥27.59 Billion ≈ $4.04 Billion	+4.75%
2021-12-31	CN¥26.34 Billion ≈ $3.85 Billion	+9.05%
2020-12-31	CN¥24.15 Billion ≈ $3.53 Billion	+8.05%
2019-12-31	CN¥22.35 Billion ≈ $3.27 Billion	+2.98%
2018-12-31	CN¥21.71 Billion ≈ $3.18 Billion	+5.27%
2017-12-31	CN¥20.62 Billion ≈ $3.02 Billion	+11.77%
2016-12-31	CN¥18.45 Billion ≈ $2.70 Billion	+0.77%
2015-12-31	CN¥18.31 Billion ≈ $2.68 Billion	+3.42%
2014-12-31	CN¥17.70 Billion ≈ $2.59 Billion	+2.56%
2013-12-31	CN¥17.26 Billion ≈ $2.53 Billion	+23.29%
2012-12-31	CN¥14.00 Billion ≈ $2.05 Billion	+4.29%
2011-12-31	CN¥13.43 Billion ≈ $1.96 Billion	+11.28%
2010-12-31	CN¥12.06 Billion ≈ $1.77 Billion	+22.61%
2009-12-31	CN¥9.84 Billion ≈ $1.44 Billion	+50.95%
2008-12-31	CN¥6.52 Billion ≈ $953.95 Million	+10.67%
2007-12-31	CN¥5.89 Billion ≈ $861.95 Million	+12.97%
2006-12-31	CN¥5.21 Billion ≈ $763.01 Million	+31.88%
2005-12-31	CN¥3.95 Billion ≈ $578.58 Million	+1.54%
2004-12-31	CN¥3.89 Billion ≈ $569.78 Million	+20.64%
2003-12-31	CN¥3.23 Billion ≈ $472.29 Million	+41.61%
2002-12-31	CN¥2.28 Billion ≈ $333.51 Million	+4.79%
2001-12-31	CN¥2.18 Billion ≈ $318.28 Million	+21.65%
2000-12-31	CN¥1.79 Billion ≈ $261.64 Million	+19.96%
1999-12-31	CN¥1.49 Billion ≈ $218.10 Million	+2.19%
1998-12-31	CN¥1.46 Billion ≈ $213.42 Million	+23.45%
1997-12-31	CN¥1.18 Billion ≈ $172.87 Million	+325.42%
1996-12-31	CN¥277.70 Million ≈ $40.64 Million	+2.38%
1995-12-31	CN¥271.24 Million ≈ $39.69 Million	+17.12%
1994-12-31	CN¥231.59 Million ≈ $33.89 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
Kunshan Dongwei Technology Co Ltd SHG:688700	$2.67 Billion
Sichuan Teway Food Group Co Ltd SHG:603317	$2.67 Billion
HEXPOL AB (publ) ST:HPOL-B	$2.67 Billion
Wihlborgs Fastigheter AB ST:WIHL	$2.67 Billion
Robert Half International Inc NYSE:RHI	$2.67 Billion
NuVista Energy Ltd. TO:NVA	$2.67 Billion
Diebold Nixdorf, Incorporated NYSE:DBD	$2.67 Billion
Madison Square Garden Entertainment Corp NYSE:MSGE	$2.67 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: 0.72x
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 35.31x to 0.72x 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¥4.60	x
1995-12-31	CN¥0.15	CN¥4.60	x
1996-12-31	CN¥0.16	CN¥4.60	x
1997-12-31	CN¥0.60	CN¥4.60	x
1998-12-31	CN¥0.76	CN¥4.60	x
1999-12-31	CN¥0.78	CN¥4.60	x
2000-12-31	CN¥0.94	CN¥4.60	x
2001-12-31	CN¥1.13	CN¥4.60	x
2002-12-31	CN¥1.20	CN¥4.60	x
2003-12-31	CN¥1.59	CN¥4.60	x
2004-12-31	CN¥1.94	CN¥4.60	x
2005-12-31	CN¥1.87	CN¥4.60	x
2006-12-31	CN¥2.09	CN¥4.60	x
2007-12-31	CN¥2.09	CN¥4.60	x
2008-12-31	CN¥2.20	CN¥4.60	x
2009-12-31	CN¥3.79	CN¥4.60	x
2010-12-31	CN¥3.65	CN¥4.60	x
2011-12-31	CN¥4.05	CN¥4.60	x
2012-12-31	CN¥4.16	CN¥4.60	x
2013-12-31	CN¥5.40	CN¥4.60	x
2014-12-31	CN¥4.56	CN¥4.60	x
2015-12-31	CN¥4.66	CN¥4.60	x
2016-12-31	CN¥4.42	CN¥4.60	x
2017-12-31	CN¥4.99	CN¥4.60	x
2018-12-31	CN¥5.14	CN¥4.60	x
2019-12-31	CN¥5.31	CN¥4.60	x
2020-12-31	CN¥5.54	CN¥4.60	x
2021-12-31	CN¥5.95	CN¥4.60	x
2022-12-31	CN¥6.22	CN¥4.60	x
2023-12-31	CN¥6.42	CN¥4.60	x
2024-12-31	CN¥6.37	CN¥4.60	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: $21,606,475,892
Average return on equity (ROE) among peers: 7.47%

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	$2.67 Billion
CITIC Pacific Special Steel Group Co Ltd (000708)	$32.97 Billion	23.59%	1.57x	$11.26 Billion
HBIS Co Ltd (000709)	$44.79 Billion	0.26%	2.73x	$3.52 Billion
Sgis Songshan Co Ltd (000717)	$9.19 Billion	-14.12%	1.19x	$879.62 Million
Bengang Steel Plates Co Ltd (000761)	$15.56 Billion	5.11%	1.64x	$1.60 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$33.44 Billion	5.19%	1.04x	$3.54 Billion
Jiangsu Fasten Co Ltd (000890)	$211.95 Million	0.21%	7.68x	$961.31 Million
Angang Steel Co Ltd Class A (000898)	$10.13 Billion	17.53%	0.51x	$2.67 Billion
Hunan Valin Steel Co Ltd (000932)	$14.58 Billion	28.26%	4.14x	$4.69 Billion
Beijing Shougang Co Ltd (000959)	$33.58 Billion	1.19%	2.79x	$5.17 Billion

About Xinxing Ductile Iron Pipes Co Ltd

SHE:000778 China Steel

Market Cap

$2.67 Billion

CN¥18.23 Billion CNY

Market Cap Rank

#5300 Global

#1057 in China

Share Price

CN¥4.60

Change (1 day)

-2.13%

52-Week Range

CN¥3.42 - CN¥5.28

All Time High

CN¥6.67