Shan Dong Sun Paper Industry Joint Stock Co Ltd
Shandong Sunpaper Co., Ltd., together with its subsidiaries, produces and sells paper products in China and internationally. It operates through Thermal Power, Pulping, Papermaking, Chemicals, and Trading divisions. The company offers cultural paper comprising coated art and uncoated offset paper; industrial paper, such as test liners; packaging paper consisting of ivory, bristol, food grade, and… Read more
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) - Net Assets
Latest net assets as of September 2025: CN¥30.27 Billion CNY
Based on the latest financial reports, Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) has net assets worth CN¥30.27 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¥57.85 Billion) and total liabilities (CN¥27.57 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¥30.27 Billion |
| % of Total Assets | 52.33% |
| Annual Growth Rate | 17.84% |
| 5-Year Change | 76.91% |
| 10-Year Change | 288.53% |
| Growth Volatility | 14.5 |
Shan Dong Sun Paper Industry Joint Stock Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shan Dong Sun Paper Industry Joint Stock 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 Shan Dong Sun Paper Industry Joint Stock Co Ltd (2003–2024)
The table below shows the annual net assets of Shan Dong Sun Paper Industry Joint Stock Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥28.73 Billion | +9.83% |
| 2023-12-31 | CN¥26.16 Billion | +12.87% |
| 2022-12-31 | CN¥23.17 Billion | +23.17% |
| 2021-12-31 | CN¥18.81 Billion | +15.86% |
| 2020-12-31 | CN¥16.24 Billion | +10.47% |
| 2019-12-31 | CN¥14.70 Billion | +16.40% |
| 2018-12-31 | CN¥12.63 Billion | +16.67% |
| 2017-12-31 | CN¥10.82 Billion | +29.79% |
| 2016-12-31 | CN¥8.34 Billion | +12.80% |
| 2015-12-31 | CN¥7.39 Billion | +26.93% |
| 2014-12-31 | CN¥5.82 Billion | +5.48% |
| 2013-12-31 | CN¥5.52 Billion | +23.92% |
| 2012-12-31 | CN¥4.46 Billion | -1.58% |
| 2011-12-31 | CN¥4.53 Billion | +7.26% |
| 2010-12-31 | CN¥4.22 Billion | +14.78% |
| 2009-12-31 | CN¥3.68 Billion | +16.96% |
| 2008-12-31 | CN¥3.14 Billion | +5.69% |
| 2007-12-31 | CN¥2.98 Billion | +15.46% |
| 2006-12-31 | CN¥2.58 Billion | +72.07% |
| 2005-12-31 | CN¥1.50 Billion | +26.02% |
| 2004-12-31 | CN¥1.19 Billion | +29.90% |
| 2003-12-31 | CN¥914.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shan Dong Sun Paper Industry Joint Stock 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 8502.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥19.93 Billion | 69.65% |
| Common Stock | CN¥2.79 Billion | 9.77% |
| Other Comprehensive Income | CN¥2.39 Billion | 8.35% |
| Other Components | CN¥3.50 Billion | 12.23% |
| Total Equity | CN¥28.61 Billion | 100.00% |
Shan Dong Sun Paper Industry Joint Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Shan Dong Sun Paper Industry Joint Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aedifica SA
PINK:AEDFF
|
$2.97 Billion |
|
KAR Auction Services Inc
NYSE:KAR
|
$2.97 Billion |
|
Credit Saison Co. Ltd
F:QC9
|
$2.97 Billion |
|
Sulzer AG
SW:SUN
|
$2.97 Billion |
|
Air China Limited
PINK:AICAF
|
$2.97 Billion |
|
Applied Opt
NASDAQ:AAOI
|
$2.97 Billion |
|
PJT Partners Inc
NYSE:PJT
|
$2.97 Billion |
|
Nisshin Seifun Group Inc
F:NFR
|
$2.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shan Dong Sun Paper Industry Joint Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,051,208,114 to 28,614,028,833, a change of 2,562,820,719 (9.8%).
- Net income of 3,101,256,413 contributed positively to equity growth.
- Dividend payments of 1,366,989,377 reduced retained earnings.
- Share repurchases of 290,700 reduced equity.
- Other comprehensive income increased equity by 1,793,495,425.
- Other factors decreased equity by 964,651,042.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.10 Billion | +10.84% |
| Dividends Paid | CN¥1.37 Billion | -4.78% |
| Share Repurchases | CN¥290.70K | -0.0% |
| Other Comprehensive Income | CN¥1.79 Billion | +6.27% |
| Other Changes | CN¥-964.65 Million | -3.37% |
| Total Change | CN¥- | 9.84% |
Book Value vs Market Value Analysis
This analysis compares Shan Dong Sun Paper Industry Joint Stock 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: 1.57x
- 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 42.23x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.38 | CN¥16.03 | x |
| 2004-12-31 | CN¥0.52 | CN¥16.03 | x |
| 2005-12-31 | CN¥0.67 | CN¥16.03 | x |
| 2006-12-31 | CN¥1.35 | CN¥16.03 | x |
| 2007-12-31 | CN¥1.20 | CN¥16.03 | x |
| 2008-12-31 | CN¥1.31 | CN¥16.03 | x |
| 2009-12-31 | CN¥1.50 | CN¥16.03 | x |
| 2010-12-31 | CN¥1.76 | CN¥16.03 | x |
| 2011-12-31 | CN¥1.94 | CN¥16.03 | x |
| 2012-12-31 | CN¥2.01 | CN¥16.03 | x |
| 2013-12-31 | CN¥2.33 | CN¥16.03 | x |
| 2014-12-31 | CN¥2.20 | CN¥16.03 | x |
| 2015-12-31 | CN¥2.83 | CN¥16.03 | x |
| 2016-12-31 | CN¥3.16 | CN¥16.03 | x |
| 2017-12-31 | CN¥4.08 | CN¥16.03 | x |
| 2018-12-31 | CN¥4.72 | CN¥16.03 | x |
| 2019-12-31 | CN¥5.49 | CN¥16.03 | x |
| 2020-12-31 | CN¥6.19 | CN¥16.03 | x |
| 2021-12-31 | CN¥7.03 | CN¥16.03 | x |
| 2022-12-31 | CN¥8.55 | CN¥16.03 | x |
| 2023-12-31 | CN¥9.29 | CN¥16.03 | x |
| 2024-12-31 | CN¥10.24 | CN¥16.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shan Dong Sun Paper Industry Joint Stock 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): 10.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.61%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.84x
- Recent ROE (10.84%) is below the historical average (14.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 30.29% | 6.50% | 0.84x | 5.57x | CN¥114.07 Million |
| 2004 | 28.26% | 5.56% | 0.91x | 5.60x | CN¥140.36 Million |
| 2005 | 27.78% | 5.50% | 1.01x | 5.00x | CN¥177.44 Million |
| 2006 | 14.36% | 5.40% | 0.79x | 3.35x | CN¥88.78 Million |
| 2007 | 15.85% | 7.51% | 0.71x | 2.98x | CN¥140.93 Million |
| 2008 | 8.80% | 3.95% | 0.70x | 3.17x | CN¥-31.31 Million |
| 2009 | 15.99% | 8.03% | 0.64x | 3.10x | CN¥179.36 Million |
| 2010 | 17.93% | 7.92% | 0.69x | 3.27x | CN¥281.53 Million |
| 2011 | 12.86% | 5.70% | 0.58x | 3.91x | CN¥111.02 Million |
| 2012 | 4.47% | 1.69% | 0.69x | 3.84x | CN¥-218.40 Million |
| 2013 | 5.59% | 2.61% | 0.69x | 3.12x | CN¥-224.51 Million |
| 2014 | 8.65% | 4.48% | 0.64x | 3.01x | CN¥-73.32 Million |
| 2015 | 9.54% | 6.16% | 0.55x | 2.82x | CN¥-31.94 Million |
| 2016 | 13.27% | 7.31% | 0.72x | 2.54x | CN¥260.43 Million |
| 2017 | 19.61% | 10.71% | 0.73x | 2.52x | CN¥991.77 Million |
| 2018 | 17.80% | 10.28% | 0.74x | 2.35x | CN¥980.34 Million |
| 2019 | 14.93% | 9.57% | 0.70x | 2.21x | CN¥718.98 Million |
| 2020 | 12.12% | 9.05% | 0.60x | 2.23x | CN¥341.95 Million |
| 2021 | 15.64% | 9.11% | 0.75x | 2.28x | CN¥1.06 Billion |
| 2022 | 12.17% | 7.06% | 0.83x | 2.08x | CN¥500.39 Million |
| 2023 | 11.84% | 7.80% | 0.78x | 1.94x | CN¥480.57 Million |
| 2024 | 10.84% | 7.61% | 0.77x | 1.84x | CN¥239.85 Million |
Industry Comparison
This section compares Shan Dong Sun Paper Industry Joint Stock Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $763,395,363
- Average return on equity (ROE) among peers: 15.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | CN¥30.27 Billion | 30.29% | 0.91x | $2.97 Billion |
| Shandong Chenming Paper Holdings Ltd (000488) | $1.48 Billion | 8.64% | 0.67x | $856.84 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.01 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.70 Billion | 0.34% | 0.06x | $340.02 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $334.24 Million | 16.95% | 2.25x | $888.99 Million |
| Xiamen Anne Corp Ltd (002235) | $453.96 Million | 11.63% | 0.34x | $679.45 Million |
| Qifeng New Material Co Ltd (002521) | $382.94 Million | 31.00% | 1.37x | $387.93 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $1.32 Billion | 13.98% | 0.36x | $251.60 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $96.98 Million | 33.95% | 2.34x | $282.96 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $519.79 Million | 14.19% | 0.64x | $808.66 Million |