Sinosteel Engineering and Technology Co Ltd (000928) - Net Assets
Based on the latest financial reports, Sinosteel Engineering and Technology Co Ltd (000928) has net assets worth CN¥8.77 Billion CNY (≈ $1.28 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¥25.83 Billion ≈ $3.78 Billion USD) and total liabilities (CN¥17.06 Billion ≈ $2.50 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 Sinosteel Engineering and Technology Co (000928) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.77 Billion |
| % of Total Assets | 33.96% |
| Annual Growth Rate | 12.01% |
| 5-Year Change | 50.4% |
| 10-Year Change | 200.22% |
| Growth Volatility | 104.08 |
Sinosteel Engineering and Technology Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Sinosteel Engineering and Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sinosteel Engineering and Technology Co total assets for the complete picture of this company's asset base.
Annual Net Assets for Sinosteel Engineering and Technology Co Ltd (1995–2024)
The table below shows the annual net assets of Sinosteel Engineering and Technology Co Ltd from 1995 to 2024. For live valuation and market cap data, see market cap of Sinosteel Engineering and Technology Co .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.66 Billion ≈ $1.27 Billion |
+5.99% |
| 2023-12-31 | CN¥8.17 Billion ≈ $1.20 Billion |
+20.16% |
| 2022-12-31 | CN¥6.80 Billion ≈ $994.80 Million |
+8.28% |
| 2021-12-31 | CN¥6.28 Billion ≈ $918.69 Million |
+9.06% |
| 2020-12-31 | CN¥5.76 Billion ≈ $842.38 Million |
+10.34% |
| 2019-12-31 | CN¥5.22 Billion ≈ $763.46 Million |
+13.94% |
| 2018-12-31 | CN¥4.58 Billion ≈ $670.04 Million |
-2.27% |
| 2017-12-31 | CN¥4.69 Billion ≈ $685.59 Million |
+9.46% |
| 2016-12-31 | CN¥4.28 Billion ≈ $626.34 Million |
+48.42% |
| 2015-12-31 | CN¥2.88 Billion ≈ $422.00 Million |
+19.30% |
| 2014-12-31 | CN¥2.42 Billion ≈ $353.73 Million |
+548.33% |
| 2013-12-31 | CN¥372.85 Million ≈ $54.56 Million |
-53.46% |
| 2012-12-31 | CN¥801.13 Million ≈ $117.23 Million |
-14.53% |
| 2011-12-31 | CN¥937.31 Million ≈ $137.16 Million |
-2.27% |
| 2010-12-31 | CN¥959.06 Million ≈ $140.34 Million |
-5.85% |
| 2009-12-31 | CN¥1.02 Billion ≈ $149.06 Million |
+8.68% |
| 2008-12-31 | CN¥937.25 Million ≈ $137.15 Million |
-14.78% |
| 2007-12-31 | CN¥1.10 Billion ≈ $160.93 Million |
+15.77% |
| 2006-12-31 | CN¥949.95 Million ≈ $139.01 Million |
+49.58% |
| 2005-12-31 | CN¥635.09 Million ≈ $92.93 Million |
-22.88% |
| 2004-12-31 | CN¥823.49 Million ≈ $120.50 Million |
-21.95% |
| 2003-12-31 | CN¥1.06 Billion ≈ $154.38 Million |
-3.62% |
| 2002-12-31 | CN¥1.09 Billion ≈ $160.18 Million |
+0.99% |
| 2001-12-31 | CN¥1.08 Billion ≈ $158.61 Million |
+8.67% |
| 2000-12-31 | CN¥997.45 Million ≈ $145.96 Million |
-0.32% |
| 1999-12-31 | CN¥1.00 Billion ≈ $146.43 Million |
+6.48% |
| 1998-12-31 | CN¥939.78 Million ≈ $137.52 Million |
+158.78% |
| 1997-12-31 | CN¥363.15 Million ≈ $53.14 Million |
+7.93% |
| 1996-12-31 | CN¥336.47 Million ≈ $49.24 Million |
+4.15% |
| 1995-12-31 | CN¥323.05 Million ≈ $47.27 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sinosteel Engineering and Technology 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 813754.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.79 Billion | 45.45% |
| Common Stock | CN¥1.43 Billion | 17.21% |
| Other Comprehensive Income | CN¥507.73 Million | 6.09% |
| Other Components | CN¥2.60 Billion | 31.24% |
| Total Equity | CN¥8.34 Billion | 100.00% |
Sinosteel Engineering and Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Sinosteel Engineering and Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Ship Lease Inc
NYSE:GSL
|
$1.36 Billion |
|
Shandong Head Co Ltd
SHE:002810
|
$1.37 Billion |
|
ATAI Life Sciences BV
NASDAQ:ATAI
|
$1.37 Billion |
|
Sino Wealth Electronic Ltd
SHE:300327
|
$1.37 Billion |
|
Science Environmental Protection Co. Ltd. A
SHG:688480
|
$1.36 Billion |
|
Kennedy-Wilson Holdings Inc
NYSE:KW
|
$1.36 Billion |
|
Zhejiang Wanliyang Transmission Co Ltd
SHE:002434
|
$1.36 Billion |
|
Olaplex Holdings Inc
NASDAQ:OLPX
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinosteel Engineering and Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,872,110,670 to 8,335,161,383, a change of 463,050,713 (5.9%).
- Net income of 835,235,127 contributed positively to equity growth.
- Dividend payments of 411,164,673 reduced retained earnings.
- Other comprehensive income increased equity by 54,967,279.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥835.24 Million | +10.02% |
| Dividends Paid | CN¥411.16 Million | -4.93% |
| Other Comprehensive Income | CN¥54.97 Million | +0.66% |
| Other Changes | CN¥-15.99 Million | -0.19% |
| Total Change | CN¥- | 5.88% |
Book Value vs Market Value Analysis
This analysis compares Sinosteel Engineering and Technology 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 10.21x 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¥0.64 | CN¥6.50 | x |
| 1996-12-31 | CN¥0.66 | CN¥6.50 | x |
| 1997-12-31 | CN¥0.72 | CN¥6.50 | x |
| 1998-12-31 | CN¥1.85 | CN¥6.50 | x |
| 1999-12-31 | CN¥1.97 | CN¥6.50 | x |
| 2000-12-31 | CN¥1.97 | CN¥6.50 | x |
| 2001-12-31 | CN¥2.04 | CN¥6.50 | x |
| 2002-12-31 | CN¥1.98 | CN¥6.50 | x |
| 2003-12-31 | CN¥1.98 | CN¥6.50 | x |
| 2004-12-31 | CN¥1.52 | CN¥6.50 | x |
| 2005-12-31 | CN¥1.16 | CN¥6.50 | x |
| 2006-12-31 | CN¥1.77 | CN¥6.50 | x |
| 2007-12-31 | CN¥2.17 | CN¥6.50 | x |
| 2008-12-31 | CN¥1.84 | CN¥6.50 | x |
| 2009-12-31 | CN¥2.00 | CN¥6.50 | x |
| 2010-12-31 | CN¥1.89 | CN¥6.50 | x |
| 2011-12-31 | CN¥1.84 | CN¥6.50 | x |
| 2012-12-31 | CN¥1.57 | CN¥6.50 | x |
| 2013-12-31 | CN¥0.40 | CN¥6.50 | x |
| 2014-12-31 | CN¥2.46 | CN¥6.50 | x |
| 2015-12-31 | CN¥2.45 | CN¥6.50 | x |
| 2016-12-31 | CN¥3.61 | CN¥6.50 | x |
| 2017-12-31 | CN¥3.66 | CN¥6.50 | x |
| 2018-12-31 | CN¥3.61 | CN¥6.50 | x |
| 2019-12-31 | CN¥4.10 | CN¥6.50 | x |
| 2020-12-31 | CN¥4.49 | CN¥6.50 | x |
| 2021-12-31 | CN¥4.65 | CN¥6.50 | x |
| 2022-12-31 | CN¥4.83 | CN¥6.50 | x |
| 2023-12-31 | CN¥5.97 | CN¥6.50 | x |
| 2024-12-31 | CN¥5.81 | CN¥6.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinosteel Engineering and Technology 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): 10.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.73%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 3.30x
- Recent ROE (10.02%) is above the historical average (3.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 9.75% | 5.94% | 0.56x | 2.91x | CN¥-808.63K |
| 1996 | 13.73% | 7.43% | 0.61x | 3.03x | CN¥12.57 Million |
| 1997 | 17.97% | 8.88% | 0.63x | 3.21x | CN¥28.95 Million |
| 1998 | 8.63% | 11.07% | 0.41x | 1.91x | CN¥-12.90 Million |
| 1999 | 6.86% | 11.05% | 0.34x | 1.81x | CN¥-31.46 Million |
| 2000 | 4.22% | 5.87% | 0.33x | 2.16x | CN¥-57.68 Million |
| 2001 | 3.50% | 4.67% | 0.31x | 2.41x | CN¥-67.15 Million |
| 2002 | -2.26% | -2.89% | 0.27x | 2.86x | CN¥-123.12 Million |
| 2003 | 0.08% | 0.09% | 0.27x | 3.16x | CN¥-99.72 Million |
| 2004 | -29.89% | -20.63% | 0.39x | 3.69x | CN¥-308.67 Million |
| 2005 | -31.77% | -15.34% | 0.47x | 4.38x | CN¥-245.28 Million |
| 2006 | 0.90% | 0.56% | 0.66x | 2.44x | CN¥-82.16 Million |
| 2007 | 0.35% | 0.22% | 0.67x | 2.43x | CN¥-106.09 Million |
| 2008 | 1.32% | 0.58% | 0.83x | 2.75x | CN¥-81.39 Million |
| 2009 | 0.22% | 0.16% | 0.56x | 2.45x | CN¥-99.66 Million |
| 2010 | 0.51% | 0.31% | 0.65x | 2.52x | CN¥-91.00 Million |
| 2011 | 0.17% | 0.10% | 0.67x | 2.64x | CN¥-92.12 Million |
| 2012 | -22.46% | -11.99% | 0.61x | 3.06x | CN¥-260.08 Million |
| 2013 | -6.61% | -0.22% | 5.28x | 5.67x | CN¥-61.91 Million |
| 2014 | 7.71% | 1.71% | 0.99x | 4.52x | CN¥-54.27 Million |
| 2015 | 16.65% | 4.83% | 0.73x | 4.75x | CN¥188.39 Million |
| 2016 | 12.22% | 5.43% | 0.69x | 3.26x | CN¥93.19 Million |
| 2017 | 9.40% | 5.37% | 0.59x | 2.95x | CN¥-27.42 Million |
| 2018 | 9.51% | 5.15% | 0.54x | 3.43x | CN¥-22.18 Million |
| 2019 | 10.38% | 3.99% | 0.73x | 3.56x | CN¥19.37 Million |
| 2020 | 10.67% | 4.06% | 0.75x | 3.49x | CN¥37.87 Million |
| 2021 | 10.50% | 4.09% | 0.65x | 3.93x | CN¥30.87 Million |
| 2022 | 9.66% | 3.37% | 0.70x | 4.08x | CN¥-22.35 Million |
| 2023 | 9.67% | 2.89% | 0.88x | 3.81x | CN¥-25.73 Million |
| 2024 | 10.02% | 4.73% | 0.64x | 3.30x | CN¥1.72 Million |
Industry Comparison
This section compares Sinosteel Engineering and Technology Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,659,169,713
- Average return on equity (ROE) among peers: 4.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinosteel Engineering and Technology Co Ltd (000928) | CN¥8.77 Billion | 9.75% | 1.94x | $1.36 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $86.44 Million | 8.33% | 1.82x | $486.19 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $659.52 Million | 6.07% | 1.00x | $3.08 Billion |
| NORINCO International Cooperation Ltd (000065) | $9.29 Billion | 9.88% | 1.56x | $2.17 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $3.07 Billion | 6.62% | 1.44x | $962.46 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $518.35 Million | -21.04% | 2.07x | $1.26 Billion |
| Jinyuan Cement Co Ltd (000546) | $6.14 Billion | 1.41% | 0.76x | $878.49 Million |
| Hunan Investment Group Co Ltd (000548) | $1.55 Billion | 3.80% | 0.54x | $389.36 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $686.52 Million | 6.80% | 4.78x | $3.41 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $2.16 Billion | 14.25% | 0.81x | $602.65 Million |
| Hainan Expressway Co Ltd (000886) | $2.44 Billion | 4.85% | 0.21x | $800.17 Million |
About Sinosteel Engineering and Technology Co Ltd
Sinosteel Engineering & Technology Co., Ltd., through its subsidiary, Sinosteel Equipment & Engineering Co., Ltd., focuses on the industrial engineering and service, municipal engineering and investment, energy saving and environment protection, and high-tech businesses. The company is involved in the development, processing, and utilization of ferrous, non-ferrous, and non-metallic mining resour… Read more