FSPG Hi-Tech Co Ltd

SHE:000973 China Chemicals
Market Cap
$5.39 Billion
CN¥39.55 Billion CNY
Market Cap Rank
#5120 Global
#619 in China
Share Price
CN¥16.09
Change (1 day)
-4.85%
52-Week Range
CN¥5.67 - CN¥17.12
All Time High
CN¥17.12
Categories
Companies in China Chemicals
About

FSPG Hi-Tech CO., Ltd. manufactures and sells plastic materials in China. The company offers packaging materials, including BOPA, BOPP, and BOPE films; electric materials, such as BOPP capacitor films and metalized films; and optical materials comprising woven fabrics and PE-Xc pipes. It also provides personal healthcare and clothing materials, such as EasyTexTM and PE casting embossed films; PVC… Read more

FSPG Hi-Tech Co Ltd (000973) - Net Assets

Latest net assets as of September 2025: CN¥3.55 Billion CNY

Based on the latest financial reports, FSPG Hi-Tech Co Ltd (000973) has net assets worth CN¥3.55 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¥5.04 Billion) and total liabilities (CN¥1.49 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¥3.55 Billion
% of Total Assets 70.42%
Annual Growth Rate 7.56%
5-Year Change 30.93%
10-Year Change 49.25%
Growth Volatility 22.39

FSPG Hi-Tech Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how FSPG Hi-Tech 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 FSPG Hi-Tech Co Ltd (1997–2024)

The table below shows the annual net assets of FSPG Hi-Tech Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.50 Billion +1.76%
2023-12-31 CN¥3.44 Billion +5.42%
2022-12-31 CN¥3.26 Billion +16.23%
2021-12-31 CN¥2.81 Billion +5.01%
2020-12-31 CN¥2.67 Billion +2.63%
2019-12-31 CN¥2.60 Billion +2.07%
2018-12-31 CN¥2.55 Billion +4.62%
2017-12-31 CN¥2.44 Billion -0.44%
2016-12-31 CN¥2.45 Billion +4.49%
2015-12-31 CN¥2.34 Billion +4.59%
2014-12-31 CN¥2.24 Billion -2.12%
2013-12-31 CN¥2.29 Billion +6.71%
2012-12-31 CN¥2.15 Billion +4.73%
2011-12-31 CN¥2.05 Billion +25.36%
2010-12-31 CN¥1.63 Billion +15.45%
2009-12-31 CN¥1.42 Billion +2.22%
2008-12-31 CN¥1.38 Billion -12.14%
2007-12-31 CN¥1.58 Billion +2.52%
2006-12-31 CN¥1.54 Billion -4.32%
2005-12-31 CN¥1.61 Billion -3.00%
2004-12-31 CN¥1.66 Billion +15.32%
2003-12-31 CN¥1.44 Billion +15.98%
2002-12-31 CN¥1.24 Billion +0.32%
2001-12-31 CN¥1.23 Billion +7.92%
2000-12-31 CN¥1.14 Billion +116.88%
1999-12-31 CN¥527.40 Million +4.29%
1998-12-31 CN¥505.72 Million +3.33%
1997-12-31 CN¥489.41 Million --

Equity Component Analysis

This analysis shows how different components contribute to FSPG Hi-Tech 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 125283146588.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.25 Billion 43.83%
Common Stock CN¥967.42 Million 33.85%
Other Components CN¥637.93 Million 22.32%
Total Equity CN¥2.86 Billion 100.00%

FSPG Hi-Tech Co Ltd Competitors by Market Cap

The table below lists competitors of FSPG Hi-Tech Co Ltd ranked by their market capitalization.

Company Market Cap
Alleima AB (publ)
OTCGREY:SAMHF
 		$1.90 Billion
HELLA GmbH & Co. KGaA
PINK:HLKHF
 		$1.90 Billion
Jinyu Bio-Technology Co Ltd
SHG:600201
 		$1.90 Billion
SPS COMMERCE INC. DL-001
F:S86
 		$1.90 Billion
Enterprise Financial Services
NASDAQ:EFSC
 		$1.90 Billion
CUSTOMERS BANCORP VTG DL1
F:334
 		$1.90 Billion
Emmi AG
PINK:EMLZF
 		$1.90 Billion
Nihon Unisys Ltd
MU:NIU
 		$1.90 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in FSPG Hi-Tech Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,816,577,650 to 2,857,914,617, a change of 41,336,967 (1.5%).
  • Net income of 119,640,795 contributed positively to equity growth.
  • Dividend payments of 85,243,056 reduced retained earnings.
  • Other comprehensive income decreased equity by 343,971,377.
  • Other factors increased equity by 350,910,605.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥119.64 Million +4.19%
Dividends Paid CN¥85.24 Million -2.98%
Other Comprehensive Income CN¥-343.97 Million -12.04%
Other Changes CN¥350.91 Million +12.28%
Total Change CN¥- 1.47%

Book Value vs Market Value Analysis

This analysis compares FSPG Hi-Tech 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: 5.61x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 30.03x to 5.61x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.54 CN¥16.09 x
1998-12-31 CN¥0.55 CN¥16.09 x
1999-12-31 CN¥0.57 CN¥16.09 x
2000-12-31 CN¥1.23 CN¥16.09 x
2001-12-31 CN¥1.32 CN¥16.09 x
2002-12-31 CN¥2.68 CN¥16.09 x
2003-12-31 CN¥2.95 CN¥16.09 x
2004-12-31 CN¥3.41 CN¥16.09 x
2005-12-31 CN¥3.29 CN¥16.09 x
2006-12-31 CN¥1.44 CN¥16.09 x
2007-12-31 CN¥1.48 CN¥16.09 x
2008-12-31 CN¥1.24 CN¥16.09 x
2009-12-31 CN¥1.22 CN¥16.09 x
2010-12-31 CN¥1.42 CN¥16.09 x
2011-12-31 CN¥2.00 CN¥16.09 x
2012-12-31 CN¥2.03 CN¥16.09 x
2013-12-31 CN¥2.06 CN¥16.09 x
2014-12-31 CN¥1.98 CN¥16.09 x
2015-12-31 CN¥2.23 CN¥16.09 x
2016-12-31 CN¥2.22 CN¥16.09 x
2017-12-31 CN¥2.30 CN¥16.09 x
2018-12-31 CN¥2.37 CN¥16.09 x
2019-12-31 CN¥2.43 CN¥16.09 x
2020-12-31 CN¥2.47 CN¥16.09 x
2021-12-31 CN¥2.56 CN¥16.09 x
2022-12-31 CN¥2.74 CN¥16.09 x
2023-12-31 CN¥2.90 CN¥16.09 x
2024-12-31 CN¥2.87 CN¥16.09 x

Capital Efficiency Dashboard

This dashboard shows how efficiently FSPG Hi-Tech 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): 4.19%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.37%
  • • Asset Turnover: 0.46x
  • • Equity Multiplier: 1.68x
  • Recent ROE (4.19%) is below the historical average (5.55%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 12.00% 5.39% 0.73x 3.05x CN¥9.66 Million
1998 12.17% 5.65% 0.71x 3.02x CN¥10.73 Million
1999 12.80% 5.78% 0.75x 2.95x CN¥14.41 Million
2000 6.86% 5.20% 0.70x 1.88x CN¥-34.87 Million
2001 8.38% 5.97% 0.78x 1.81x CN¥-19.30 Million
2002 10.04% 6.69% 0.70x 2.15x CN¥434.68K
2003 9.22% 5.14% 0.74x 2.44x CN¥-9.96 Million
2004 4.58% 2.44% 0.69x 2.73x CN¥-79.95 Million
2005 0.29% 0.14% 0.61x 3.38x CN¥-138.00 Million
2006 -6.93% -2.09% 0.94x 3.52x CN¥-223.64 Million
2007 0.90% 0.26% 1.01x 3.46x CN¥-121.56 Million
2008 -17.16% -4.55% 1.03x 3.68x CN¥-309.69 Million
2009 0.55% 0.17% 0.88x 3.65x CN¥-108.36 Million
2010 13.12% 4.61% 0.84x 3.38x CN¥41.15 Million
2011 27.53% 13.00% 0.75x 2.81x CN¥320.34 Million
2012 6.89% 3.40% 0.84x 2.42x CN¥-60.18 Million
2013 3.88% 2.62% 0.59x 2.51x CN¥-124.71 Million
2014 4.05% 2.93% 0.52x 2.63x CN¥-117.75 Million
2015 4.03% 2.86% 0.59x 2.38x CN¥-122.64 Million
2016 5.86% 5.10% 0.51x 2.27x CN¥-88.75 Million
2017 4.78% 4.21% 0.45x 2.53x CN¥-115.31 Million
2018 5.06% 4.11% 0.48x 2.54x CN¥-113.58 Million
2019 1.84% 1.52% 0.69x 1.76x CN¥-191.77 Million
2020 2.96% 3.07% 0.59x 1.63x CN¥-168.33 Million
2021 4.91% 4.96% 0.62x 1.60x CN¥-126.18 Million
2022 5.15% 5.18% 0.58x 1.71x CN¥-128.31 Million
2023 7.60% 9.66% 0.48x 1.63x CN¥-67.69 Million
2024 4.19% 5.37% 0.46x 1.68x CN¥-166.15 Million

Industry Comparison

This section compares FSPG Hi-Tech Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $2,626,916,213
  • Average return on equity (ROE) among peers: 12.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
FSPG Hi-Tech Co Ltd (000973) CN¥3.55 Billion 12.00% 0.42x $1.90 Billion
North Huajin Chemical Industries Co Ltd (000059) $6.22 Billion 3.15% 2.45x $677.73 Million
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) $1.22 Billion 8.90% 0.47x $2.89 Billion
Zangge Holding Co Ltd (000408) $13.85 Billion 18.63% 0.09x $11.87 Billion
Sichuan Jinlu Group Co Ltd (000510) $31.03 Million 11.65% 3.42x $1.15 Billion
Jilin Gpro Titanium Industry Co Ltd (000545) $258.76 Million 6.78% 0.30x $423.89 Million
Aoyuan Beauty Valley Technology Co Ltd (000615) $54.68 Million 39.27% 1.16x $225.85 Million
Ningxia Younglight Chemicals Co Ltd (000635) $184.46 Million 13.30% 2.58x $295.21 Million
Maoming Petro-Chemical Shihua Co Ltd (000637) $691.87 Million 1.61% 0.02x $187.22 Million
Shenyang Chemical Industry Co Ltd (000698) $3.01 Billion 7.14% 1.28x $240.44 Million
Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) $759.12 Million 13.65% 0.22x $412.94 Million