FSPG Hi-Tech Co Ltd (000973) - Net Assets
Based on the latest financial reports, FSPG Hi-Tech Co Ltd (000973) has net assets worth CN¥3.55 Billion CNY (≈ $519.63 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¥5.04 Billion ≈ $737.87 Million USD) and total liabilities (CN¥1.49 Billion ≈ $218.24 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 FSPG Hi-Tech Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore FSPG Hi-Tech Co Ltd (000973) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 000973 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.50 Billion ≈ $511.86 Million |
+1.76% |
| 2023-12-31 | CN¥3.44 Billion ≈ $503.01 Million |
+5.42% |
| 2022-12-31 | CN¥3.26 Billion ≈ $477.17 Million |
+16.23% |
| 2021-12-31 | CN¥2.81 Billion ≈ $410.55 Million |
+5.01% |
| 2020-12-31 | CN¥2.67 Billion ≈ $390.96 Million |
+2.63% |
| 2019-12-31 | CN¥2.60 Billion ≈ $380.95 Million |
+2.07% |
| 2018-12-31 | CN¥2.55 Billion ≈ $373.23 Million |
+4.62% |
| 2017-12-31 | CN¥2.44 Billion ≈ $356.75 Million |
-0.44% |
| 2016-12-31 | CN¥2.45 Billion ≈ $358.33 Million |
+4.49% |
| 2015-12-31 | CN¥2.34 Billion ≈ $342.95 Million |
+4.59% |
| 2014-12-31 | CN¥2.24 Billion ≈ $327.90 Million |
-2.12% |
| 2013-12-31 | CN¥2.29 Billion ≈ $334.99 Million |
+6.71% |
| 2012-12-31 | CN¥2.15 Billion ≈ $313.92 Million |
+4.73% |
| 2011-12-31 | CN¥2.05 Billion ≈ $299.74 Million |
+25.36% |
| 2010-12-31 | CN¥1.63 Billion ≈ $239.10 Million |
+15.45% |
| 2009-12-31 | CN¥1.42 Billion ≈ $207.11 Million |
+2.22% |
| 2008-12-31 | CN¥1.38 Billion ≈ $202.60 Million |
-12.14% |
| 2007-12-31 | CN¥1.58 Billion ≈ $230.61 Million |
+2.52% |
| 2006-12-31 | CN¥1.54 Billion ≈ $224.94 Million |
-4.32% |
| 2005-12-31 | CN¥1.61 Billion ≈ $235.09 Million |
-3.00% |
| 2004-12-31 | CN¥1.66 Billion ≈ $242.37 Million |
+15.32% |
| 2003-12-31 | CN¥1.44 Billion ≈ $210.16 Million |
+15.98% |
| 2002-12-31 | CN¥1.24 Billion ≈ $181.21 Million |
+0.32% |
| 2001-12-31 | CN¥1.23 Billion ≈ $180.63 Million |
+7.92% |
| 2000-12-31 | CN¥1.14 Billion ≈ $167.38 Million |
+116.88% |
| 1999-12-31 | CN¥527.40 Million ≈ $77.18 Million |
+4.29% |
| 1998-12-31 | CN¥505.72 Million ≈ $74.00 Million |
+3.33% |
| 1997-12-31 | CN¥489.41 Million ≈ $71.62 Million |
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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 |
|---|---|
|
Mytilineos S.A
AT:MYTIL
|
$7.55 Billion |
|
Shandong Hi-speed Co Ltd
SHG:600350
|
$7.57 Billion |
|
Pilgrims Pride Corp
NASDAQ:PPC
|
$7.57 Billion |
|
GDS Holdings Limited
F:G40
|
$7.57 Billion |
|
Adani Total Gas Limited
NSE:ATGL
|
$7.55 Billion |
|
Datang International Power Generation Co Ltd Class A
SHG:601991
|
$7.55 Billion |
|
The Magnum Ice Cream Company N.V.
AS:MICC
|
$7.53 Billion |
|
Raia Drogasil S.A
SA:RADL3
|
$7.53 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: 7.32x
- 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 39.17x to 7.32x 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¥20.99 | x |
| 1998-12-31 | CN¥0.55 | CN¥20.99 | x |
| 1999-12-31 | CN¥0.57 | CN¥20.99 | x |
| 2000-12-31 | CN¥1.23 | CN¥20.99 | x |
| 2001-12-31 | CN¥1.32 | CN¥20.99 | x |
| 2002-12-31 | CN¥2.68 | CN¥20.99 | x |
| 2003-12-31 | CN¥2.95 | CN¥20.99 | x |
| 2004-12-31 | CN¥3.41 | CN¥20.99 | x |
| 2005-12-31 | CN¥3.29 | CN¥20.99 | x |
| 2006-12-31 | CN¥1.44 | CN¥20.99 | x |
| 2007-12-31 | CN¥1.48 | CN¥20.99 | x |
| 2008-12-31 | CN¥1.24 | CN¥20.99 | x |
| 2009-12-31 | CN¥1.22 | CN¥20.99 | x |
| 2010-12-31 | CN¥1.42 | CN¥20.99 | x |
| 2011-12-31 | CN¥2.00 | CN¥20.99 | x |
| 2012-12-31 | CN¥2.03 | CN¥20.99 | x |
| 2013-12-31 | CN¥2.06 | CN¥20.99 | x |
| 2014-12-31 | CN¥1.98 | CN¥20.99 | x |
| 2015-12-31 | CN¥2.23 | CN¥20.99 | x |
| 2016-12-31 | CN¥2.22 | CN¥20.99 | x |
| 2017-12-31 | CN¥2.30 | CN¥20.99 | x |
| 2018-12-31 | CN¥2.37 | CN¥20.99 | x |
| 2019-12-31 | CN¥2.43 | CN¥20.99 | x |
| 2020-12-31 | CN¥2.47 | CN¥20.99 | x |
| 2021-12-31 | CN¥2.56 | CN¥20.99 | x |
| 2022-12-31 | CN¥2.74 | CN¥20.99 | x |
| 2023-12-31 | CN¥2.90 | CN¥20.99 | x |
| 2024-12-31 | CN¥2.87 | CN¥20.99 | 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: $2,526,275,526
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FSPG Hi-Tech Co Ltd (000973) | CN¥3.55 Billion | 12.00% | 0.42x | $7.55 Billion |
| 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 FSPG Hi-Tech Co Ltd
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