Cangzhou Mingzhu Plastic Co Ltd (002108) - Net Assets

Latest as of March 2026: CN¥5.04 Billion CNY ≈ $737.45 Million USD

Based on the latest financial reports, Cangzhou Mingzhu Plastic Co Ltd (002108) has net assets worth CN¥5.04 Billion CNY (≈ $737.45 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.37 Billion ≈ $1.22 Billion USD) and total liabilities (CN¥3.33 Billion ≈ $487.04 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 002108 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥5.04 Billion
% of Total Assets 60.23%
Annual Growth Rate 18.97%
5-Year Change 31.39%
10-Year Change 81.07%
Growth Volatility 27.53

Cangzhou Mingzhu Plastic Co Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Cangzhou Mingzhu Plastic Co Ltd's net assets have evolved over time, based on quarterly financial data. See Cangzhou Mingzhu Plastic Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Cangzhou Mingzhu Plastic Co Ltd (2003–2025)

The table below shows the annual net assets of Cangzhou Mingzhu Plastic Co Ltd from 2003 to 2025. For live valuation and market cap data, see Cangzhou Mingzhu Plastic Co Ltd market capitalisation.

Year Net Assets Change
2025-12-31 CN¥5.02 Billion
≈ $734.56 Million		 -2.53%
2024-12-31 CN¥5.15 Billion
≈ $753.65 Million		 +0.54%
2023-12-31 CN¥5.12 Billion
≈ $749.60 Million		 -2.02%
2022-12-31 CN¥5.23 Billion
≈ $765.08 Million		 +36.85%
2021-12-31 CN¥3.82 Billion
≈ $559.05 Million		 +6.74%
2020-12-31 CN¥3.58 Billion
≈ $523.73 Million		 +6.46%
2019-12-31 CN¥3.36 Billion
≈ $491.95 Million		 +1.96%
2018-12-31 CN¥3.30 Billion
≈ $482.51 Million		 +2.57%
2017-12-31 CN¥3.21 Billion
≈ $470.41 Million		 +15.96%
2016-12-31 CN¥2.77 Billion
≈ $405.68 Million		 +54.72%
2015-12-31 CN¥1.79 Billion
≈ $262.20 Million		 +10.13%
2014-12-31 CN¥1.63 Billion
≈ $238.09 Million		 +35.60%
2013-12-31 CN¥1.20 Billion
≈ $175.58 Million		 +8.18%
2012-12-31 CN¥1.11 Billion
≈ $162.31 Million		 +53.04%
2011-12-31 CN¥724.79 Million
≈ $106.06 Million		 +14.87%
2010-12-31 CN¥630.98 Million
≈ $92.33 Million		 +20.57%
2009-12-31 CN¥523.32 Million
≈ $76.58 Million		 +57.80%
2008-12-31 CN¥331.62 Million
≈ $48.53 Million		 +7.42%
2007-12-31 CN¥308.71 Million
≈ $45.17 Million		 +114.45%
2006-12-31 CN¥143.95 Million
≈ $21.07 Million		 +9.88%
2005-12-31 CN¥131.01 Million
≈ $19.17 Million		 -4.84%
2004-12-31 CN¥137.67 Million
≈ $20.15 Million		 +25.38%
2003-12-31 CN¥109.80 Million
≈ $16.07 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 4757.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥1.99 Billion 39.67%
Other Components CN¥3.03 Billion 60.33%
Total Equity CN¥5.02 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
Zhejiang Chenfeng Science and Technology Co Ltd Class A
SHG:603685
 $1.17 Billion
Zhejiang JW Precision Machinery Co.Ltd
SHE:300984
 $1.17 Billion
Hemab Therapeutics Holdings, Inc. Common Stock
NASDAQ:COAG
 $1.17 Billion
Tamboran Resources Corporation
NYSE:TBN
 $1.17 Billion
Graham Corporation
NYSE:GHM
 $1.17 Billion
ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD
SHE:002284
 $1.17 Billion
CompuGroup Medical SE & Co. KGaA
XETRA:COP
 $1.17 Billion
Lithium Argentina AG
NYSE:LAR
 $1.17 Billion

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 2024 to 2025, total equity changed from 5,150,310,508 to 5,019,815,756, a change of -130,494,752 (-2.5%).
  • Net income of 153,579,766 contributed positively to equity growth.
  • Dividend payments of 221,288,781 reduced retained earnings.
  • Other comprehensive income decreased equity by 432,219,214.
  • Other factors increased equity by 369,433,476.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥153.58 Million +3.06%
Dividends Paid CN¥221.29 Million -4.41%
Other Comprehensive Income CN¥-432.22 Million -8.61%
Other Changes CN¥369.43 Million +7.36%
Total Change CN¥- -2.53%

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: 1.60x
  • 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 25.90x to 1.60x 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¥4.86 x
2004-12-31 CN¥0.24 CN¥4.86 x
2005-12-31 CN¥0.22 CN¥4.86 x
2006-12-31 CN¥0.21 CN¥4.86 x
2007-12-31 CN¥0.34 CN¥4.86 x
2008-12-31 CN¥0.33 CN¥4.86 x
2009-12-31 CN¥0.45 CN¥4.86 x
2010-12-31 CN¥0.53 CN¥4.86 x
2011-12-31 CN¥0.61 CN¥4.86 x
2012-12-31 CN¥0.88 CN¥4.86 x
2013-12-31 CN¥0.92 CN¥4.86 x
2014-12-31 CN¥1.25 CN¥4.86 x
2015-12-31 CN¥1.32 CN¥4.86 x
2016-12-31 CN¥1.91 CN¥4.86 x
2017-12-31 CN¥2.20 CN¥4.86 x
2018-12-31 CN¥2.29 CN¥4.86 x
2019-12-31 CN¥2.30 CN¥4.86 x
2020-12-31 CN¥2.46 CN¥4.86 x
2021-12-31 CN¥2.63 CN¥4.86 x
2022-12-31 CN¥3.36 CN¥4.86 x
2023-12-31 CN¥3.06 CN¥4.86 x
2024-12-31 CN¥3.10 CN¥4.86 x
2025-12-31 CN¥3.04 CN¥4.86 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): 3.06%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.39%
  • • Asset Turnover: 0.35x
  • • Equity Multiplier: 1.63x
  • Recent ROE (3.06%) is below the historical average (13.03%), 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% 8.17% 1.22x 2.14x CN¥16.31 Million
2007 7.58% 6.98% 0.78x 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
2025 3.06% 5.39% 0.35x 1.63x CN¥-348.40 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: $817,735,009
  • Average return on equity (ROE) among peers: 5.18%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Cangzhou Mingzhu Plastic Co Ltd (002108) CN¥5.04 Billion 26.38% 0.66x $1.17 Billion
China Baoan Group Co Ltd (000009) $433.69 Million 18.48% 0.53x $2.67 Billion
Yunding Technology Co Ltd (000409) $289.46 Million 10.54% 0.08x $883.66 Million
Create Technology & Science Co Ltd (000551) $41.69 Million 0.00% 1.81x $1.09 Billion
Sundiro Holding Co Ltd (000571) $1.12 Billion -9.79% 1.58x $658.16 Million
Guangdong Ganhua Science & Industry Co Ltd (000576) $408.77 Million -6.81% 1.45x $466.19 Million
Macrolink Real Estate Co Ltd (000620) $3.53 Billion 14.40% 4.17x $2.51 Billion
Tianjin Economic-technological Development Area Co Ltd (000652) $267.20 Million 26.72% 2.17x $779.48 Million
CHTC Helon Co Ltd (000677) $-804.27 Million 0.00% 0.00x $238.95 Million
Gansu Yatai Industrial Development Co Ltd (000691) $45.61 Million -6.64% 4.72x $791.17 Million
Hunan Fazhan Industrial Co Ltd (000722) $2.85 Billion 4.93% 0.07x $1.26 Billion

About Cangzhou Mingzhu Plastic Co Ltd

SHE:002108 China Conglomerates
Market Cap
$1.17 Billion
CN¥8.01 Billion CNY
Market Cap Rank
#8387 Global
#2048 in China
Share Price
CN¥4.86
Change (1 day)
+0.21%
52-Week Range
CN¥3.23 - CN¥6.44
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