Cangzhou Mingzhu Plastic Co Ltd

SHE:002108 China Conglomerates
Market Cap
$1.11 Billion
CN¥8.13 Billion CNY
Market Cap Rank
#7990 Global
#1449 in China
Share Price
CN¥4.93
Change (1 day)
-4.09%
52-Week Range
CN¥3.14 - CN¥5.58
All Time High
CN¥11.13
Categories
Companies in China Conglomerates
About

Cangzhou Mingzhu Plastic Co.,Ltd., together with its subsidiaries, manufactures and sells PE pipe systems, BOPA films, Li-ion battery separators, and composite pipes in China. The company offers PE gas and water supply pipelines, PE nuclear power/large diameter thick wall PE pipelines, PE fittings, and ground source heat pump heat exchange piping systems; dry uni-axial stretching, wet simultaneou… Read more

Cangzhou Mingzhu Plastic Co Ltd (002108) - Net Assets

Latest net assets as of September 2025: CN¥5.02 Billion CNY

Based on the latest financial reports, Cangzhou Mingzhu Plastic Co Ltd (002108) has net assets worth CN¥5.02 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¥8.31 Billion) and total liabilities (CN¥3.29 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¥5.02 Billion
% of Total Assets 60.37%
Annual Growth Rate 20.11%
5-Year Change 43.9%
10-Year Change 187.43%
Growth Volatility 27.66

Cangzhou Mingzhu Plastic Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Cangzhou Mingzhu Plastic 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 Cangzhou Mingzhu Plastic Co Ltd (2003–2024)

The table below shows the annual net assets of Cangzhou Mingzhu Plastic Co Ltd from 2003 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.15 Billion +0.54%
2023-12-31 CN¥5.12 Billion -2.02%
2022-12-31 CN¥5.23 Billion +36.85%
2021-12-31 CN¥3.82 Billion +6.74%
2020-12-31 CN¥3.58 Billion +6.46%
2019-12-31 CN¥3.36 Billion +1.96%
2018-12-31 CN¥3.30 Billion +2.57%
2017-12-31 CN¥3.21 Billion +15.96%
2016-12-31 CN¥2.77 Billion +54.72%
2015-12-31 CN¥1.79 Billion +10.13%
2014-12-31 CN¥1.63 Billion +35.60%
2013-12-31 CN¥1.20 Billion +8.18%
2012-12-31 CN¥1.11 Billion +53.04%
2011-12-31 CN¥724.79 Million +14.87%
2010-12-31 CN¥630.98 Million +20.57%
2009-12-31 CN¥523.32 Million +57.80%
2008-12-31 CN¥331.62 Million +7.42%
2007-12-31 CN¥308.71 Million +114.45%
2006-12-31 CN¥143.95 Million +9.88%
2005-12-31 CN¥131.01 Million -4.84%
2004-12-31 CN¥137.67 Million +25.38%
2003-12-31 CN¥109.80 Million --

Equity Component Analysis

This analysis shows how different components contribute to Cangzhou Mingzhu Plastic 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 4809.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.01 Billion 39.08%
Common Stock CN¥1.67 Billion 32.34%
Other Comprehensive Income CN¥432.22 Million 8.39%
Other Components CN¥1.04 Billion 20.19%
Total Equity CN¥5.15 Billion 100.00%

Cangzhou Mingzhu Plastic Co Ltd Competitors by Market Cap

The table below lists competitors of Cangzhou Mingzhu Plastic Co Ltd ranked by their market capitalization.

Company Market Cap
Nanjing Red Sun Co Ltd
SHE:000525
 		$845.94 Million
SMS Co. Ltd
PINK:SMSZF
 		$846.22 Million
Ehang Holdings Ltd
NASDAQ:EH
 		$846.54 Million
China Leadshine Technology Co Ltd
SHE:002979
 		$846.65 Million
Tong Hsing Electronic Industries Ltd
TW:6271
 		$845.73 Million
Allient Inc.
NASDAQ:ALNT
 		$845.72 Million
HÖEgh Autoliners AS
PINK:HOEGF
 		$845.58 Million
Kureha Corporation
F:0K1
 		$845.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cangzhou Mingzhu Plastic Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,122,619,380 to 5,150,310,508, a change of 27,691,128 (0.5%).
  • Net income of 154,744,926 contributed positively to equity growth.
  • Dividend payments of 208,216,766 reduced retained earnings.
  • Share repurchases of 16,506,869 reduced equity.
  • Other comprehensive income increased equity by 432,219,214.
  • Other factors decreased equity by 334,549,377.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥154.74 Million +3.0%
Dividends Paid CN¥208.22 Million -4.04%
Share Repurchases CN¥16.51 Million -0.32%
Other Comprehensive Income CN¥432.22 Million +8.39%
Other Changes CN¥-334.55 Million -6.5%
Total Change CN¥- 0.54%

Book Value vs Market Value Analysis

This analysis compares Cangzhou Mingzhu Plastic 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: 1.59x
  • 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 26.28x to 1.59x 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¥0.19 CN¥4.93 x
2004-12-31 CN¥0.24 CN¥4.93 x
2005-12-31 CN¥0.22 CN¥4.93 x
2006-12-31 CN¥0.21 CN¥4.93 x
2007-12-31 CN¥0.34 CN¥4.93 x
2008-12-31 CN¥0.33 CN¥4.93 x
2009-12-31 CN¥0.45 CN¥4.93 x
2010-12-31 CN¥0.53 CN¥4.93 x
2011-12-31 CN¥0.61 CN¥4.93 x
2012-12-31 CN¥0.88 CN¥4.93 x
2013-12-31 CN¥0.92 CN¥4.93 x
2014-12-31 CN¥1.25 CN¥4.93 x
2015-12-31 CN¥1.32 CN¥4.93 x
2016-12-31 CN¥1.91 CN¥4.93 x
2017-12-31 CN¥2.23 CN¥4.93 x
2018-12-31 CN¥2.29 CN¥4.93 x
2019-12-31 CN¥2.30 CN¥4.93 x
2020-12-31 CN¥2.46 CN¥4.93 x
2021-12-31 CN¥2.61 CN¥4.93 x
2022-12-31 CN¥3.36 CN¥4.93 x
2023-12-31 CN¥3.06 CN¥4.93 x
2024-12-31 CN¥3.10 CN¥4.93 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cangzhou Mingzhu Plastic 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): 3.00%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.63%
  • • Asset Turnover: 0.36x
  • • Equity Multiplier: 1.47x
  • Recent ROE (3.00%) is below the historical average (13.48%), 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 26.38% 14.97% 0.77x 2.28x CN¥17.98 Million
2004 22.06% 10.43% 0.88x 2.41x CN¥16.61 Million
2005 22.85% 8.88% 1.03x 2.49x CN¥16.84 Million
2006 21.33% 9.41% 1.06x 2.14x CN¥16.31 Million
2007 7.58% 6.40% 0.85x 1.40x CN¥-7.46 Million
2008 14.00% 5.96% 1.33x 1.76x CN¥12.43 Million
2009 20.54% 12.36% 0.85x 1.96x CN¥52.39 Million
2010 19.24% 8.51% 1.15x 1.97x CN¥55.75 Million
2011 14.40% 6.06% 1.29x 1.85x CN¥30.73 Million
2012 11.24% 6.91% 0.99x 1.64x CN¥13.39 Million
2013 12.75% 7.53% 0.92x 1.83x CN¥32.23 Million
2014 10.47% 8.00% 0.83x 1.58x CN¥7.48 Million
2015 11.98% 9.87% 0.89x 1.36x CN¥35.45 Million
2016 17.96% 17.63% 0.76x 1.34x CN¥215.93 Million
2017 17.27% 15.47% 0.92x 1.21x CN¥229.63 Million
2018 9.18% 8.96% 0.69x 1.49x CN¥-26.55 Million
2019 5.08% 5.54% 0.63x 1.46x CN¥-160.60 Million
2020 8.63% 10.89% 0.56x 1.42x CN¥-47.97 Million
2021 9.90% 12.67% 0.52x 1.49x CN¥-3.69 Million
2022 5.49% 9.91% 0.40x 1.37x CN¥-231.27 Million
2023 5.32% 10.41% 0.37x 1.39x CN¥-239.67 Million
2024 3.00% 5.63% 0.36x 1.47x CN¥-360.29 Million

Industry Comparison

This section compares Cangzhou Mingzhu Plastic Co Ltd's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

  • Industry: Conglomerates
  • Average net assets among peers: $978,124,373
  • Average return on equity (ROE) among peers: 8.21%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Cangzhou Mingzhu Plastic Co Ltd (002108) CN¥5.02 Billion 26.38% 0.66x $845.76 Million
China Baoan Group Co Ltd (000009) $1.27 Billion 1.07% 2.24x $1.86 Billion
Yunding Technology Co Ltd (000409) $941.98 Million 8.55% 0.27x $527.49 Million
Create Technology & Science Co Ltd (000551) $251.29 Million 12.94% 2.35x $557.14 Million
Sundiro Holding Co Ltd (000571) $1.77 Billion 7.65% 0.23x $606.69 Million
Guangdong Ganhua Science & Industry Co Ltd (000576) $701.02 Million 10.07% 0.54x $356.12 Million
Macrolink Real Estate Co Ltd (000620) $143.94 Million 0.00% 3.19x $1.86 Billion
Tianjin Economic-technological Development Area Co Ltd (000652) $571.94 Million 29.23% 0.30x $544.91 Million
CHTC Helon Co Ltd (000677) $529.22 Million 4.03% 1.82x $434.09 Million
Gansu Yatai Industrial Development Co Ltd (000691) $673.22 Million 5.50% 0.58x $290.70 Million
Hunan Fazhan Industrial Co Ltd (000722) $2.92 Billion 3.04% 0.07x $393.69 Million