Shandong Haihua Co Ltd (000822) - Net Assets
Based on the latest financial reports, Shandong Haihua Co Ltd (000822) has net assets worth CN¥4.78 Billion CNY (≈ $699.28 Million 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¥9.28 Billion ≈ $1.36 Billion USD) and total liabilities (CN¥4.50 Billion ≈ $659.11 Million 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 asset resilience ratio of Shandong Haihua Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.78 Billion |
| % of Total Assets | 51.48% |
| Annual Growth Rate | 9.44% |
| 5-Year Change | 71.94% |
| 10-Year Change | 128.74% |
| Growth Volatility | 36.02 |
Shandong Haihua Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Shandong Haihua Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 000822 asset base for the complete picture of this company's asset base.
Annual Net Assets for Shandong Haihua Co Ltd (1995–2024)
The table below shows the annual net assets of Shandong Haihua Co Ltd from 1995 to 2024. For live valuation and market cap data, see Shandong Haihua Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.18 Billion ≈ $758.11 Million |
+0.38% |
| 2023-12-31 | CN¥5.16 Billion ≈ $755.23 Million |
+25.07% |
| 2022-12-31 | CN¥4.13 Billion ≈ $603.84 Million |
+17.27% |
| 2021-12-31 | CN¥3.52 Billion ≈ $514.91 Million |
+16.78% |
| 2020-12-31 | CN¥3.01 Billion ≈ $440.92 Million |
-9.55% |
| 2019-12-31 | CN¥3.33 Billion ≈ $487.47 Million |
-0.37% |
| 2018-12-31 | CN¥3.34 Billion ≈ $489.29 Million |
+19.36% |
| 2017-12-31 | CN¥2.80 Billion ≈ $409.92 Million |
+30.79% |
| 2016-12-31 | CN¥2.14 Billion ≈ $313.42 Million |
-5.43% |
| 2015-12-31 | CN¥2.26 Billion ≈ $331.43 Million |
+5.70% |
| 2014-12-31 | CN¥2.14 Billion ≈ $313.56 Million |
+2.87% |
| 2013-12-31 | CN¥2.08 Billion ≈ $304.80 Million |
-37.30% |
| 2012-12-31 | CN¥3.32 Billion ≈ $486.16 Million |
-16.17% |
| 2011-12-31 | CN¥3.96 Billion ≈ $579.92 Million |
+10.74% |
| 2010-12-31 | CN¥3.58 Billion ≈ $523.70 Million |
+2.14% |
| 2009-12-31 | CN¥3.50 Billion ≈ $512.74 Million |
-17.41% |
| 2008-12-31 | CN¥4.24 Billion ≈ $620.82 Million |
+6.48% |
| 2007-12-31 | CN¥3.98 Billion ≈ $583.02 Million |
+32.05% |
| 2006-12-31 | CN¥3.02 Billion ≈ $441.51 Million |
+14.18% |
| 2005-12-31 | CN¥2.64 Billion ≈ $386.68 Million |
+23.54% |
| 2004-12-31 | CN¥2.14 Billion ≈ $313.01 Million |
+10.39% |
| 2003-12-31 | CN¥1.94 Billion ≈ $283.55 Million |
+8.56% |
| 2002-12-31 | CN¥1.78 Billion ≈ $261.20 Million |
+5.70% |
| 2001-12-31 | CN¥1.69 Billion ≈ $247.10 Million |
+40.72% |
| 2000-12-31 | CN¥1.20 Billion ≈ $175.60 Million |
+5.13% |
| 1999-12-31 | CN¥1.14 Billion ≈ $167.03 Million |
-1.26% |
| 1998-12-31 | CN¥1.16 Billion ≈ $169.17 Million |
+184.69% |
| 1997-12-31 | CN¥406.09 Million ≈ $59.42 Million |
+7.17% |
| 1996-12-31 | CN¥378.91 Million ≈ $55.45 Million |
0.00% |
| 1995-12-31 | CN¥378.91 Million ≈ $55.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Haihua 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 269905370400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.70 Billion | 51.91% |
| Common Stock | CN¥895.09 Million | 17.22% |
| Other Components | CN¥1.61 Billion | 30.87% |
| Total Equity | CN¥5.20 Billion | 100.00% |
Shandong Haihua Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Haihua Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Greencoat Renewables PLC
IR:GRP
|
$779.33 Million |
|
Kaili Catalyst & New Materials Co. Ltd. A
SHG:688269
|
$779.39 Million |
|
Westlake Chemical Partners LP
NYSE:WLKP
|
$779.64 Million |
|
Aspen Group
AU:APZ
|
$779.66 Million |
|
Harson Trading China Co Ltd
SHG:603958
|
$778.73 Million |
|
Guangdong Silvere Sci and Tech
SHE:300221
|
$778.52 Million |
|
Beijing North Star Co Ltd Class A
SHG:601588
|
$778.48 Million |
|
ShuYu Civilian Pharmacy Corp. Ltd.
SHE:301017
|
$778.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Haihua Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,179,480,972 to 5,199,161,903, a change of 19,680,931 (0.4%).
- Net income of 39,216,729 contributed positively to equity growth.
- Dividend payments of 96,102,000 reduced retained earnings.
- Other comprehensive income decreased equity by 523,614,133.
- Other factors increased equity by 600,180,335.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥39.22 Million | +0.75% |
| Dividends Paid | CN¥96.10 Million | -1.85% |
| Other Comprehensive Income | CN¥-523.61 Million | -10.07% |
| Other Changes | CN¥600.18 Million | +11.54% |
| Total Change | CN¥- | 0.38% |
Book Value vs Market Value Analysis
This analysis compares Shandong Haihua 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: 1.12x
- 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 12.81x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.46 | CN¥5.95 | x |
| 1996-12-31 | CN¥0.46 | CN¥5.95 | x |
| 1997-12-31 | CN¥0.50 | CN¥5.95 | x |
| 1998-12-31 | CN¥1.40 | CN¥5.95 | x |
| 1999-12-31 | CN¥1.38 | CN¥5.95 | x |
| 2000-12-31 | CN¥1.45 | CN¥5.95 | x |
| 2001-12-31 | CN¥2.02 | CN¥5.95 | x |
| 2002-12-31 | CN¥2.13 | CN¥5.95 | x |
| 2003-12-31 | CN¥2.33 | CN¥5.95 | x |
| 2004-12-31 | CN¥2.51 | CN¥5.95 | x |
| 2005-12-31 | CN¥3.06 | CN¥5.95 | x |
| 2006-12-31 | CN¥3.35 | CN¥5.95 | x |
| 2007-12-31 | CN¥4.28 | CN¥5.95 | x |
| 2008-12-31 | CN¥4.37 | CN¥5.95 | x |
| 2009-12-31 | CN¥3.68 | CN¥5.95 | x |
| 2010-12-31 | CN¥3.84 | CN¥5.95 | x |
| 2011-12-31 | CN¥4.14 | CN¥5.95 | x |
| 2012-12-31 | CN¥3.49 | CN¥5.95 | x |
| 2013-12-31 | CN¥2.24 | CN¥5.95 | x |
| 2014-12-31 | CN¥2.34 | CN¥5.95 | x |
| 2015-12-31 | CN¥2.59 | CN¥5.95 | x |
| 2016-12-31 | CN¥2.44 | CN¥5.95 | x |
| 2017-12-31 | CN¥3.18 | CN¥5.95 | x |
| 2018-12-31 | CN¥3.80 | CN¥5.95 | x |
| 2019-12-31 | CN¥3.76 | CN¥5.95 | x |
| 2020-12-31 | CN¥3.40 | CN¥5.95 | x |
| 2021-12-31 | CN¥4.43 | CN¥5.95 | x |
| 2022-12-31 | CN¥4.64 | CN¥5.95 | x |
| 2023-12-31 | CN¥5.80 | CN¥5.95 | x |
| 2024-12-31 | CN¥5.30 | CN¥5.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Haihua 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): 0.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.65%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 1.65x
- Recent ROE (0.75%) is below the historical average (7.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 27.74% | 12.30% | 0.89x | 2.54x | CN¥67.21 Million |
| 1996 | 29.17% | 11.31% | 1.00x | 2.59x | CN¥72.65 Million |
| 1997 | 26.44% | 10.38% | 0.98x | 2.60x | CN¥66.74 Million |
| 1998 | 12.72% | 13.48% | 0.52x | 1.83x | CN¥31.16 Million |
| 1999 | 10.11% | 11.66% | 0.42x | 2.05x | CN¥1.22 Million |
| 2000 | 13.11% | 13.28% | 0.51x | 1.96x | CN¥36.80 Million |
| 2001 | 11.02% | 12.65% | 0.47x | 1.84x | CN¥16.87 Million |
| 2002 | 7.79% | 7.21% | 0.63x | 1.72x | CN¥-38.47 Million |
| 2003 | 8.41% | 6.03% | 0.64x | 2.19x | CN¥-30.22 Million |
| 2004 | 8.99% | 4.17% | 0.72x | 3.01x | CN¥-20.64 Million |
| 2005 | 11.39% | 4.11% | 0.98x | 2.84x | CN¥34.81 Million |
| 2006 | 10.41% | 3.54% | 1.03x | 2.86x | CN¥11.63 Million |
| 2007 | 9.18% | 3.98% | 1.02x | 2.27x | CN¥-30.52 Million |
| 2008 | 5.20% | 2.42% | 1.01x | 2.12x | CN¥-191.34 Million |
| 2009 | -21.47% | -12.91% | 0.71x | 2.36x | CN¥-1.03 Billion |
| 2010 | 1.30% | 0.63% | 0.97x | 2.13x | CN¥-290.58 Million |
| 2011 | 10.38% | 5.16% | 1.11x | 1.81x | CN¥14.16 Million |
| 2012 | -16.60% | -10.52% | 0.82x | 1.91x | CN¥-833.35 Million |
| 2013 | -56.33% | -26.16% | 0.79x | 2.71x | CN¥-1.33 Billion |
| 2014 | 7.70% | 3.40% | 1.26x | 1.80x | CN¥-49.27 Million |
| 2015 | 5.41% | 3.48% | 0.95x | 1.64x | CN¥-104.15 Million |
| 2016 | -5.74% | -3.66% | 0.89x | 1.75x | CN¥-337.61 Million |
| 2017 | 24.19% | 14.22% | 1.12x | 1.52x | CN¥401.96 Million |
| 2018 | 17.38% | 11.15% | 1.15x | 1.36x | CN¥249.12 Million |
| 2019 | 4.85% | 3.53% | 1.02x | 1.34x | CN¥-173.09 Million |
| 2020 | -8.27% | -6.83% | 0.86x | 1.42x | CN¥-556.01 Million |
| 2021 | 18.92% | 11.18% | 1.20x | 1.40x | CN¥353.99 Million |
| 2022 | 26.67% | 11.41% | 1.41x | 1.66x | CN¥692.66 Million |
| 2023 | 20.16% | 12.24% | 1.06x | 1.55x | CN¥526.16 Million |
| 2024 | 0.75% | 0.65% | 0.70x | 1.65x | CN¥-480.70 Million |
Industry Comparison
This section compares Shandong Haihua Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,526,275,526
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Haihua Co Ltd (000822) | CN¥4.78 Billion | 27.74% | 0.94x | $779.33 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $12.66 Billion | 14.57% | 1.45x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $7.35 Billion | 4.73% | 1.50x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $246.65 Million | 3.47% | 1.71x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $477.67 Million | 1.53% | 1.45x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $313.50 Million | 0.80% | 0.55x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.67 Billion | 1.91% | 0.16x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $220.98 Million | 19.06% | 0.40x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $93.73 Million | 50.32% | 1.49x | $4.87 Billion |
About Shandong Haihua Co Ltd
Shandong Haihua Co.,Ltd, together with its subsidiaries, engages in the production and sale of chemical products in China and internationally. It offers soda ash, caustic soda, alkali, industrial bromine and bromine, industrial salt, calcium chloride, baking soda, chlorine, sodium hydroxide, hydrochloric acid, dilute sulfuric acid, sodium hypochlorite, hydrogen, hydrogen peroxide, and feed additi… Read more