Xinjiang Zhongtai Chemical Co Ltd (002092) - Net Assets
Based on the latest financial reports, Xinjiang Zhongtai Chemical Co Ltd (002092) has net assets worth CN¥27.63 Billion CNY (≈ $4.04 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¥78.31 Billion ≈ $11.46 Billion USD) and total liabilities (CN¥50.68 Billion ≈ $7.42 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 Xinjiang Zhongtai Chemical Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.63 Billion |
| % of Total Assets | 35.29% |
| Annual Growth Rate | 26.06% |
| 5-Year Change | 31.36% |
| 10-Year Change | 134.4% |
| Growth Volatility | 46.31 |
Xinjiang Zhongtai Chemical Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Xinjiang Zhongtai Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Xinjiang Zhongtai Chemical Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Xinjiang Zhongtai Chemical Co Ltd (2003–2024)
The table below shows the annual net assets of Xinjiang Zhongtai Chemical Co Ltd from 2003 to 2024. For live valuation and market cap data, see 002092 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥28.05 Billion ≈ $4.10 Billion |
-4.62% |
| 2023-12-31 | CN¥29.40 Billion ≈ $4.30 Billion |
-10.74% |
| 2022-12-31 | CN¥32.94 Billion ≈ $4.82 Billion |
+5.37% |
| 2021-12-31 | CN¥31.26 Billion ≈ $4.58 Billion |
+46.43% |
| 2020-12-31 | CN¥21.35 Billion ≈ $3.12 Billion |
-1.56% |
| 2019-12-31 | CN¥21.69 Billion ≈ $3.17 Billion |
+9.84% |
| 2018-12-31 | CN¥19.75 Billion ≈ $2.89 Billion |
+3.14% |
| 2017-12-31 | CN¥19.15 Billion ≈ $2.80 Billion |
+14.78% |
| 2016-12-31 | CN¥16.68 Billion ≈ $2.44 Billion |
+39.42% |
| 2015-12-31 | CN¥11.96 Billion ≈ $1.75 Billion |
+17.04% |
| 2014-12-31 | CN¥10.22 Billion ≈ $1.50 Billion |
+18.19% |
| 2013-12-31 | CN¥8.65 Billion ≈ $1.27 Billion |
+20.40% |
| 2012-12-31 | CN¥7.18 Billion ≈ $1.05 Billion |
-5.25% |
| 2011-12-31 | CN¥7.58 Billion ≈ $1.11 Billion |
+14.46% |
| 2010-12-31 | CN¥6.62 Billion ≈ $969.31 Million |
+156.43% |
| 2009-12-31 | CN¥2.58 Billion ≈ $377.99 Million |
+3.51% |
| 2008-12-31 | CN¥2.50 Billion ≈ $365.17 Million |
+4.77% |
| 2007-12-31 | CN¥2.38 Billion ≈ $348.56 Million |
+92.37% |
| 2006-12-31 | CN¥1.24 Billion ≈ $181.20 Million |
+147.96% |
| 2005-12-31 | CN¥499.39 Million ≈ $73.08 Million |
+32.39% |
| 2004-12-31 | CN¥377.22 Million ≈ $55.20 Million |
+74.11% |
| 2003-12-31 | CN¥216.66 Million ≈ $31.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xinjiang Zhongtai Chemical 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 14200.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.34 Billion | 24.53% |
| Common Stock | CN¥2.59 Billion | 11.89% |
| Other Components | CN¥13.85 Billion | 63.58% |
| Total Equity | CN¥21.78 Billion | 100.00% |
Xinjiang Zhongtai Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Xinjiang Zhongtai Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Societatea Energetica Electrica SA
RO:EL
|
$2.34 Billion |
|
Inficon Holding
SW:IFCN
|
$2.34 Billion |
|
Dongyue Group Limited
F:4D3
|
$2.34 Billion |
|
Ringcentral Inc
NYSE:RNG
|
$2.34 Billion |
|
Koninklijke Heijmans N.V.
AS:HEIJM
|
$2.34 Billion |
|
The Bancorp Inc
NASDAQ:TBBK
|
$2.34 Billion |
|
DRDGOLD Limited
F:DUBA
|
$2.34 Billion |
|
MCC Meili Paper Industry Co Ltd
SHE:000815
|
$2.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xinjiang Zhongtai Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,699,569,787 to 21,783,601,000, a change of -915,968,787 (-4.0%).
- Net loss of 976,515,440 reduced equity.
- Dividend payments of 827,061,143 reduced retained earnings.
- Other factors increased equity by 887,607,796.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-976.52 Million | -4.48% |
| Dividends Paid | CN¥827.06 Million | -3.8% |
| Other Changes | CN¥887.61 Million | +4.07% |
| Total Change | CN¥- | -4.04% |
Book Value vs Market Value Analysis
This analysis compares Xinjiang Zhongtai Chemical 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: 0.73x
- 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 12.80x to 0.73x 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¥0.48 | CN¥6.17 | x |
| 2004-12-31 | CN¥0.80 | CN¥6.17 | x |
| 2005-12-31 | CN¥1.04 | CN¥6.17 | x |
| 2006-12-31 | CN¥2.75 | CN¥6.17 | x |
| 2007-12-31 | CN¥3.33 | CN¥6.17 | x |
| 2008-12-31 | CN¥3.07 | CN¥6.17 | x |
| 2009-12-31 | CN¥3.17 | CN¥6.17 | x |
| 2010-12-31 | CN¥6.13 | CN¥6.17 | x |
| 2011-12-31 | CN¥6.19 | CN¥6.17 | x |
| 2012-12-31 | CN¥6.21 | CN¥6.17 | x |
| 2013-12-31 | CN¥6.99 | CN¥6.17 | x |
| 2014-12-31 | CN¥6.61 | CN¥6.17 | x |
| 2015-12-31 | CN¥6.82 | CN¥6.17 | x |
| 2016-12-31 | CN¥8.38 | CN¥6.17 | x |
| 2017-12-31 | CN¥8.19 | CN¥6.17 | x |
| 2018-12-31 | CN¥8.44 | CN¥6.17 | x |
| 2019-12-31 | CN¥8.80 | CN¥6.17 | x |
| 2020-12-31 | CN¥8.78 | CN¥6.17 | x |
| 2021-12-31 | CN¥10.85 | CN¥6.17 | x |
| 2022-12-31 | CN¥10.00 | CN¥6.17 | x |
| 2023-12-31 | CN¥8.81 | CN¥6.17 | x |
| 2024-12-31 | CN¥8.46 | CN¥6.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xinjiang Zhongtai Chemical 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): -4.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.24%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.54x
- Recent ROE (-4.48%) is below the historical average (7.97%), 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 | 21.64% | 11.31% | 0.56x | 3.41x | CN¥23.81 Million |
| 2004 | 39.52% | 13.33% | 0.98x | 3.02x | CN¥100.03 Million |
| 2005 | 27.53% | 11.66% | 0.65x | 3.65x | CN¥77.68 Million |
| 2006 | 10.71% | 7.72% | 0.79x | 1.75x | CN¥8.45 Million |
| 2007 | 9.74% | 9.59% | 0.57x | 1.77x | CN¥-6.13 Million |
| 2008 | 4.94% | 3.55% | 0.72x | 1.92x | CN¥-124.81 Million |
| 2009 | 4.04% | 3.10% | 0.44x | 2.93x | CN¥-152.26 Million |
| 2010 | 4.42% | 7.14% | 0.42x | 1.47x | CN¥-367.97 Million |
| 2011 | 6.85% | 6.88% | 0.47x | 2.13x | CN¥-225.62 Million |
| 2012 | 3.78% | 3.81% | 0.32x | 3.06x | CN¥-445.19 Million |
| 2013 | 1.35% | 0.94% | 0.48x | 2.96x | CN¥-732.06 Million |
| 2014 | 3.81% | 2.97% | 0.35x | 3.64x | CN¥-538.64 Million |
| 2015 | 0.30% | 0.18% | 0.44x | 3.64x | CN¥-987.12 Million |
| 2016 | 11.32% | 7.89% | 0.50x | 2.87x | CN¥215.22 Million |
| 2017 | 13.07% | 5.85% | 0.74x | 3.03x | CN¥564.36 Million |
| 2018 | 12.83% | 3.46% | 1.20x | 3.10x | CN¥535.83 Million |
| 2019 | 2.03% | 0.46% | 1.38x | 3.18x | CN¥-1.51 Billion |
| 2020 | 0.77% | 0.17% | 1.32x | 3.39x | CN¥-1.74 Billion |
| 2021 | 10.89% | 4.37% | 0.86x | 2.90x | CN¥224.96 Million |
| 2022 | 3.02% | 1.50% | 0.64x | 3.12x | CN¥-1.80 Billion |
| 2023 | -12.62% | -7.72% | 0.51x | 3.20x | CN¥-5.13 Billion |
| 2024 | -4.48% | -3.24% | 0.39x | 3.54x | CN¥-3.15 Billion |
Industry Comparison
This section compares Xinjiang Zhongtai Chemical Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,168,939,029
- Average return on equity (ROE) among peers: 40.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xinjiang Zhongtai Chemical Co Ltd (002092) | CN¥27.63 Billion | 21.64% | 1.83x | $2.34 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.75 Billion | 1.31% | 0.67x | $1.22 Billion |
| Sichuan Chemical Co Ltd (000155) | $452.40 Million | 20.36% | 1.97x | $4.51 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $3.23 Billion | 19.53% | 0.36x | $12.43 Billion |
| Zangge Holding Co Ltd (000408) | $193.59 Million | 324.78% | 1.98x | $20.15 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.10 Billion | 7.29% | 1.92x | $1.56 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $753.99 Million | 12.59% | 0.56x | $449.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $671.47 Million | 0.77% | 1.87x | $881.48 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $710.39 Million | 13.66% | 4.24x | $484.46 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $723.47 Million | 1.02% | 0.01x | $363.63 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $12.10 Billion | 0.56% | 0.92x | $4.71 Billion |
About Xinjiang Zhongtai Chemical Co Ltd
Xinjiang Zhongtai Chemical Co., Ltd., together with its subsidiaries, manufactures and sells chemicals in the People's Republic of China. It operates through Chlor-Alkali Chemicals, Textile Industry, Modern Trade, Logistics and Transportation, and Other Business segments. The company offers polyvinyl chloride (PVC) resin products for profiles, PVC pipes, pipe fittings, soft and rigid transparent … Read more