Hunan Valin Steel Co Ltd (000932) - Net Assets
Based on the latest financial reports, Hunan Valin Steel Co Ltd (000932) has net assets worth CN¥69.40 Billion CNY (≈ $10.16 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥154.67 Billion ≈ $22.63 Billion USD) and total liabilities (CN¥85.27 Billion ≈ $12.48 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 Hunan Valin Steel Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥69.40 Billion |
| % of Total Assets | 44.87% |
| Annual Growth Rate | 14.82% |
| 5-Year Change | 35.95% |
| 10-Year Change | 643.58% |
| Growth Volatility | 28.2 |
Hunan Valin Steel Co Ltd - Net Assets Trend (1996–2025)
This chart illustrates how Hunan Valin Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Hunan Valin Steel Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hunan Valin Steel Co Ltd (1996–2025)
The table below shows the annual net assets of Hunan Valin Steel Co Ltd from 1996 to 2025. For live valuation and market cap data, see 000932 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥69.13 Billion ≈ $10.12 Billion |
+6.12% |
| 2024-12-31 | CN¥65.14 Billion ≈ $9.53 Billion |
+1.25% |
| 2023-12-31 | CN¥64.34 Billion ≈ $9.42 Billion |
+11.72% |
| 2022-12-31 | CN¥57.59 Billion ≈ $8.43 Billion |
+13.26% |
| 2021-12-31 | CN¥50.85 Billion ≈ $7.44 Billion |
+31.99% |
| 2020-12-31 | CN¥38.53 Billion ≈ $5.64 Billion |
+18.44% |
| 2019-12-31 | CN¥32.53 Billion ≈ $4.76 Billion |
+4.96% |
| 2018-12-31 | CN¥30.99 Billion ≈ $4.53 Billion |
+107.61% |
| 2017-12-31 | CN¥14.93 Billion ≈ $2.18 Billion |
+60.57% |
| 2016-12-31 | CN¥9.30 Billion ≈ $1.36 Billion |
-12.90% |
| 2015-12-31 | CN¥10.67 Billion ≈ $1.56 Billion |
-27.39% |
| 2014-12-31 | CN¥14.70 Billion ≈ $2.15 Billion |
+13.64% |
| 2013-12-31 | CN¥12.93 Billion ≈ $1.89 Billion |
+10.68% |
| 2012-12-31 | CN¥11.69 Billion ≈ $1.71 Billion |
-23.04% |
| 2011-12-31 | CN¥15.18 Billion ≈ $2.22 Billion |
+4.80% |
| 2010-12-31 | CN¥14.49 Billion ≈ $2.12 Billion |
-16.83% |
| 2009-12-31 | CN¥17.42 Billion ≈ $2.55 Billion |
+5.66% |
| 2008-12-31 | CN¥16.49 Billion ≈ $2.41 Billion |
-10.00% |
| 2007-12-31 | CN¥18.32 Billion ≈ $2.68 Billion |
+42.79% |
| 2006-12-31 | CN¥12.83 Billion ≈ $1.88 Billion |
+16.06% |
| 2005-12-31 | CN¥11.05 Billion ≈ $1.62 Billion |
+27.51% |
| 2004-12-31 | CN¥8.67 Billion ≈ $1.27 Billion |
+23.60% |
| 2003-12-31 | CN¥7.01 Billion ≈ $1.03 Billion |
+10.36% |
| 2002-12-31 | CN¥6.36 Billion ≈ $930.08 Million |
+33.99% |
| 2001-12-31 | CN¥4.74 Billion ≈ $694.17 Million |
+13.88% |
| 2000-12-31 | CN¥4.17 Billion ≈ $609.58 Million |
+50.13% |
| 1999-12-31 | CN¥2.77 Billion ≈ $406.03 Million |
+73.71% |
| 1998-12-31 | CN¥1.60 Billion ≈ $233.74 Million |
+15.02% |
| 1997-12-31 | CN¥1.39 Billion ≈ $203.22 Million |
+10.60% |
| 1996-12-31 | CN¥1.26 Billion ≈ $183.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hunan Valin Steel 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 662253.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥33.05 Billion | 59.35% |
| Other Components | CN¥22.64 Billion | 40.65% |
| Total Equity | CN¥55.70 Billion | 100.00% |
Hunan Valin Steel Co Ltd Competitors by Market Cap
The table below lists competitors of Hunan Valin Steel Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sonae SGPS SA
LS:SON
|
$3.77 Billion |
|
Banco del Bajío S.A. Institución de Banca Múltiple
MX:BBAJIOO
|
$3.78 Billion |
|
Bandhan Bank Limited
NSE:BANDHANBNK
|
$3.78 Billion |
|
Sacyr SA
MC:SCYR
|
$3.78 Billion |
|
St Galler Kantonalbank AG
SW:SGKN
|
$3.77 Billion |
|
DMG MORI AKTIENGESELLSCHAFT
XETRA:GIL
|
$3.77 Billion |
|
Alignment Healthcare LLC
NASDAQ:ALHC
|
$3.77 Billion |
|
ZoomInfo Technologies Inc
NASDAQ:ZI
|
$3.77 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hunan Valin Steel Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 53,655,723,000 to 55,698,911,357, a change of 2,043,188,357 (3.8%).
- Net income of 2,610,615,030 contributed positively to equity growth.
- Dividend payments of 1,087,969,764 reduced retained earnings.
- Other comprehensive income decreased equity by 1,654,278,000.
- Other factors increased equity by 2,174,821,091.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.61 Billion | +4.69% |
| Dividends Paid | CN¥1.09 Billion | -1.95% |
| Other Comprehensive Income | CN¥-1.65 Billion | -2.97% |
| Other Changes | CN¥2.17 Billion | +3.9% |
| Total Change | CN¥- | 3.81% |
Book Value vs Market Value Analysis
This analysis compares Hunan Valin Steel 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: 0.47x
- 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 9.26x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.41 | CN¥3.76 | x |
| 1997-12-31 | CN¥0.45 | CN¥3.76 | x |
| 1998-12-31 | CN¥0.52 | CN¥3.76 | x |
| 1999-12-31 | CN¥1.00 | CN¥3.76 | x |
| 2000-12-31 | CN¥1.05 | CN¥3.76 | x |
| 2001-12-31 | CN¥1.15 | CN¥3.76 | x |
| 2002-12-31 | CN¥1.67 | CN¥3.76 | x |
| 2003-12-31 | CN¥1.86 | CN¥3.76 | x |
| 2004-12-31 | CN¥2.16 | CN¥3.76 | x |
| 2005-12-31 | CN¥2.71 | CN¥3.76 | x |
| 2006-12-31 | CN¥3.16 | CN¥3.76 | x |
| 2007-12-31 | CN¥4.82 | CN¥3.76 | x |
| 2008-12-31 | CN¥3.79 | CN¥3.76 | x |
| 2009-12-31 | CN¥3.97 | CN¥3.76 | x |
| 2010-12-31 | CN¥3.25 | CN¥3.76 | x |
| 2011-12-31 | CN¥3.20 | CN¥3.76 | x |
| 2012-12-31 | CN¥2.37 | CN¥3.76 | x |
| 2013-12-31 | CN¥2.40 | CN¥3.76 | x |
| 2014-12-31 | CN¥2.42 | CN¥3.76 | x |
| 2015-12-31 | CN¥1.72 | CN¥3.76 | x |
| 2016-12-31 | CN¥1.48 | CN¥3.76 | x |
| 2017-12-31 | CN¥2.53 | CN¥3.76 | x |
| 2018-12-31 | CN¥4.69 | CN¥3.76 | x |
| 2019-12-31 | CN¥6.68 | CN¥3.76 | x |
| 2020-12-31 | CN¥5.38 | CN¥3.76 | x |
| 2021-12-31 | CN¥6.95 | CN¥3.76 | x |
| 2022-12-31 | CN¥7.23 | CN¥3.76 | x |
| 2023-12-31 | CN¥7.71 | CN¥3.76 | x |
| 2024-12-31 | CN¥7.77 | CN¥3.76 | x |
| 2025-12-31 | CN¥8.06 | CN¥3.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hunan Valin Steel 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): 4.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.14%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.67x
- Recent ROE (4.69%) is below the historical average (7.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 24.53% | 8.30% | 1.18x | 2.51x | CN¥182.39 Million |
| 1997 | 22.60% | 7.18% | 1.21x | 2.61x | CN¥174.96 Million |
| 1998 | 15.18% | 5.36% | 1.29x | 2.21x | CN¥82.71 Million |
| 1999 | 10.08% | 6.38% | 1.03x | 1.53x | CN¥2.43 Million |
| 2000 | 10.04% | 5.25% | 0.84x | 2.28x | CN¥1.19 Million |
| 2001 | 13.31% | 5.57% | 1.07x | 2.24x | CN¥117.77 Million |
| 2002 | 10.35% | 5.48% | 1.06x | 1.79x | CN¥17.83 Million |
| 2003 | 13.20% | 5.94% | 1.01x | 2.20x | CN¥184.21 Million |
| 2004 | 15.06% | 4.22% | 1.01x | 3.54x | CN¥337.66 Million |
| 2005 | 6.53% | 1.91% | 0.86x | 3.98x | CN¥-290.98 Million |
| 2006 | 10.95% | 3.13% | 0.90x | 3.89x | CN¥92.32 Million |
| 2007 | 10.81% | 3.68% | 0.91x | 3.25x | CN¥121.31 Million |
| 2008 | 6.57% | 1.69% | 1.11x | 3.49x | CN¥-498.20 Million |
| 2009 | 0.79% | 0.29% | 0.65x | 4.22x | CN¥-1.40 Billion |
| 2010 | -21.24% | -4.36% | 0.81x | 6.00x | CN¥-3.89 Billion |
| 2011 | 0.53% | 0.09% | 0.86x | 6.48x | CN¥-1.26 Billion |
| 2012 | -32.58% | -5.49% | 0.90x | 6.57x | CN¥-4.25 Billion |
| 2013 | 1.05% | 0.18% | 0.84x | 6.99x | CN¥-906.47 Million |
| 2014 | 0.73% | 0.13% | 0.76x | 7.15x | CN¥-947.60 Million |
| 2015 | -40.67% | -7.13% | 0.54x | 10.51x | CN¥-3.69 Billion |
| 2016 | -16.91% | -2.11% | 0.70x | 11.37x | CN¥-1.68 Billion |
| 2017 | 38.61% | 5.37% | 1.01x | 7.13x | CN¥3.05 Billion |
| 2018 | 37.28% | 7.28% | 1.22x | 4.20x | CN¥5.40 Billion |
| 2019 | 15.56% | 4.09% | 1.29x | 2.94x | CN¥1.57 Billion |
| 2020 | 18.99% | 5.49% | 1.28x | 2.69x | CN¥3.03 Billion |
| 2021 | 21.32% | 5.64% | 1.61x | 2.35x | CN¥5.14 Billion |
| 2022 | 12.77% | 3.78% | 1.41x | 2.40x | CN¥1.38 Billion |
| 2023 | 9.54% | 3.09% | 1.24x | 2.50x | CN¥-247.40 Million |
| 2024 | 3.79% | 1.40% | 0.98x | 2.76x | CN¥-3.33 Billion |
| 2025 | 4.69% | 2.14% | 0.82x | 2.67x | CN¥-2.96 Billion |
Industry Comparison
This section compares Hunan Valin Steel Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $15,188,680,118
- Average return on equity (ROE) among peers: 9.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hunan Valin Steel Co Ltd (000932) | CN¥69.40 Billion | 24.53% | 1.23x | $3.77 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $36.44 Billion | 19.50% | 1.49x | $10.20 Billion |
| HBIS Co Ltd (000709) | $6.74 Billion | 8.64% | 0.79x | $3.19 Billion |
| Sgis Songshan Co Ltd (000717) | $359.38 Million | 31.44% | 1.77x | $759.03 Million |
| Bengang Steel Plates Co Ltd (000761) | $17.60 Billion | -9.78% | 1.62x | $1.29 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $18.45 Billion | 2.39% | 1.67x | $2.36 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $4.51 Billion | 13.54% | 1.01x | $3.22 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.21 Billion | 0.85% | 1.53x | $581.33 Million |
| Angang Steel Co Ltd Class A (000898) | $45.29 Billion | 3.57% | 0.94x | $2.33 Billion |
| Beijing Shougang Co Ltd (000959) | $6.10 Billion | 13.45% | 1.12x | $3.85 Billion |
About Hunan Valin Steel Co Ltd
Hunan Valin Steel Co., Ltd., together with its subsidiaries, produces and sells steel products in China. The company offers steel billets, seamless steel pipes, wire rods, rebar, hot-rolled ultra-thin strip steel coils, cold-rolled steel coils, galvanized sheets, small and medium-sized sections, and hot-rolled medium plates. It also provides logistics, trading, construction and installation, elec… Read more