Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) - Net Assets

Latest as of September 2025: CN¥30.27 Billion CNY ≈ $4.43 Billion USD

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 (≈ $4.43 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¥57.85 Billion ≈ $8.46 Billion USD) and total liabilities (CN¥27.57 Billion ≈ $4.03 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 financial resilience of Shan Dong Sun Paper Industry Joint Stock to evaluate the company's liquid asset resilience ratio.

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. Also explore Shan Dong Sun Paper Industry Joint Stock (002078) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 002078 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥28.73 Billion ≈ $4.20 Billion	+9.83%
2023-12-31	CN¥26.16 Billion ≈ $3.83 Billion	+12.87%
2022-12-31	CN¥23.17 Billion ≈ $3.39 Billion	+23.17%
2021-12-31	CN¥18.81 Billion ≈ $2.75 Billion	+15.86%
2020-12-31	CN¥16.24 Billion ≈ $2.38 Billion	+10.47%
2019-12-31	CN¥14.70 Billion ≈ $2.15 Billion	+16.40%
2018-12-31	CN¥12.63 Billion ≈ $1.85 Billion	+16.67%
2017-12-31	CN¥10.82 Billion ≈ $1.58 Billion	+29.79%
2016-12-31	CN¥8.34 Billion ≈ $1.22 Billion	+12.80%
2015-12-31	CN¥7.39 Billion ≈ $1.08 Billion	+26.93%
2014-12-31	CN¥5.82 Billion ≈ $852.36 Million	+5.48%
2013-12-31	CN¥5.52 Billion ≈ $808.05 Million	+23.92%
2012-12-31	CN¥4.46 Billion ≈ $652.05 Million	-1.58%
2011-12-31	CN¥4.53 Billion ≈ $662.54 Million	+7.26%
2010-12-31	CN¥4.22 Billion ≈ $617.71 Million	+14.78%
2009-12-31	CN¥3.68 Billion ≈ $538.16 Million	+16.96%
2008-12-31	CN¥3.14 Billion ≈ $460.11 Million	+5.69%
2007-12-31	CN¥2.98 Billion ≈ $435.35 Million	+15.46%
2006-12-31	CN¥2.58 Billion ≈ $377.05 Million	+72.07%
2005-12-31	CN¥1.50 Billion ≈ $219.12 Million	+26.02%
2004-12-31	CN¥1.19 Billion ≈ $173.88 Million	+29.90%
2003-12-31	CN¥914.73 Million ≈ $133.85 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
Gruma S.A.B. de C.V. MX:GRUMAB	$6.02 Billion
Innolux Corp TW:3481	$6.02 Billion
BNP Paribas Bank Polska S.A. WAR:BNP	$6.02 Billion
Sam Chun Dang Pharm. Co. Ltd KQ:000250	$6.03 Billion
Enact Holdings Inc NASDAQ:ACT	$6.01 Billion
Leader Harmonious Drive Systems Co Ltd SHG:688017	$6.01 Billion
JBTMarel Corp NYSE:JBTM	$6.01 Billion
Reece Ltd AU:REH	$6.01 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: 1.44x
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 38.75x to 1.44x 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¥14.71	x
2004-12-31	CN¥0.52	CN¥14.71	x
2005-12-31	CN¥0.67	CN¥14.71	x
2006-12-31	CN¥1.35	CN¥14.71	x
2007-12-31	CN¥1.20	CN¥14.71	x
2008-12-31	CN¥1.31	CN¥14.71	x
2009-12-31	CN¥1.50	CN¥14.71	x
2010-12-31	CN¥1.76	CN¥14.71	x
2011-12-31	CN¥1.94	CN¥14.71	x
2012-12-31	CN¥2.01	CN¥14.71	x
2013-12-31	CN¥2.33	CN¥14.71	x
2014-12-31	CN¥2.20	CN¥14.71	x
2015-12-31	CN¥2.83	CN¥14.71	x
2016-12-31	CN¥3.16	CN¥14.71	x
2017-12-31	CN¥4.08	CN¥14.71	x
2018-12-31	CN¥4.72	CN¥14.71	x
2019-12-31	CN¥5.49	CN¥14.71	x
2020-12-31	CN¥6.19	CN¥14.71	x
2021-12-31	CN¥7.03	CN¥14.71	x
2022-12-31	CN¥8.55	CN¥14.71	x
2023-12-31	CN¥9.29	CN¥14.71	x
2024-12-31	CN¥10.24	CN¥14.71	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: $3,219,045,057
Average return on equity (ROE) among peers: 8.93%

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	$6.02 Billion
Shandong Chenming Paper Holdings Ltd (000488)	$14.02 Billion	7.67%	0.88x	$641.87 Million
MCC Meili Paper Industry Co Ltd (000815)	$33.57 Million	30.54%	2.41x	$1.94 Billion
Zhejiang Kan Specialities Material Co Ltd (002012)	$1.57 Billion	5.91%	0.43x	$457.79 Million
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067)	$676.34 Million	8.62%	1.47x	$1.06 Billion
Xiamen Anne Corp Ltd (002235)	$467.27 Million	2.05%	0.67x	$949.87 Million
Qifeng New Material Co Ltd (002521)	$1.97 Billion	7.46%	0.30x	$684.32 Million
Shandong Chenming Paper Holdings Ltd Class B (200488)	$7.75 Billion	7.78%	1.65x	$76.65 Million
Cre8 Direct Ningbo Co Ltd (300703)	$795.60 Million	9.42%	0.71x	$473.30 Million
Fujian Qingshan Paper Industry Co Ltd (600103)	$1.69 Billion	0.91%	0.43x	$1.46 Billion

About Shan Dong Sun Paper Industry Joint Stock Co Ltd

SHE:002078 China Paper & Paper Products

Market Cap

$6.02 Billion

CN¥41.11 Billion CNY

Market Cap Rank

#3169 Global

#451 in China

Share Price

CN¥14.71

Change (1 day)

-2.65%

52-Week Range

CN¥13.16 - CN¥17.42

All Time High

CN¥19.88