Shaanxi Xinghua Chemistry Co Ltd (002109) - Net Assets
Based on the latest financial reports, Shaanxi Xinghua Chemistry Co Ltd (002109) has net assets worth CN¥4.84 Billion CNY (≈ $708.20 Million 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¥10.67 Billion ≈ $1.56 Billion USD) and total liabilities (CN¥5.83 Billion ≈ $853.45 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 Shaanxi Xinghua Chemistry Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.84 Billion |
| % of Total Assets | 45.35% |
| Annual Growth Rate | 17.01% |
| 5-Year Change | 40.26% |
| 10-Year Change | 433.0% |
| Growth Volatility | 49.33 |
Shaanxi Xinghua Chemistry Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Shaanxi Xinghua Chemistry Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shaanxi Xinghua Chemistry Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shaanxi Xinghua Chemistry Co Ltd (2003–2024)
The table below shows the annual net assets of Shaanxi Xinghua Chemistry Co Ltd from 2003 to 2024. For live valuation and market cap data, see Shaanxi Xinghua Chemistry Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.50 Billion ≈ $804.68 Million |
-3.73% |
| 2023-12-31 | CN¥5.71 Billion ≈ $835.88 Million |
-11.54% |
| 2022-12-31 | CN¥6.46 Billion ≈ $944.93 Million |
+44.64% |
| 2021-12-31 | CN¥4.46 Billion ≈ $653.31 Million |
+13.88% |
| 2020-12-31 | CN¥3.92 Billion ≈ $573.70 Million |
+5.28% |
| 2019-12-31 | CN¥3.72 Billion ≈ $544.91 Million |
+4.00% |
| 2018-12-31 | CN¥3.58 Billion ≈ $523.95 Million |
+7.34% |
| 2017-12-31 | CN¥3.34 Billion ≈ $488.14 Million |
+6.83% |
| 2016-12-31 | CN¥3.12 Billion ≈ $456.92 Million |
+202.65% |
| 2015-12-31 | CN¥1.03 Billion ≈ $150.97 Million |
-11.67% |
| 2014-12-31 | CN¥1.17 Billion ≈ $170.91 Million |
-11.47% |
| 2013-12-31 | CN¥1.32 Billion ≈ $193.06 Million |
+1.97% |
| 2012-12-31 | CN¥1.29 Billion ≈ $189.33 Million |
+5.26% |
| 2011-12-31 | CN¥1.23 Billion ≈ $179.87 Million |
+13.41% |
| 2010-12-31 | CN¥1.08 Billion ≈ $158.60 Million |
+6.88% |
| 2009-12-31 | CN¥1.01 Billion ≈ $148.40 Million |
+6.73% |
| 2008-12-31 | CN¥950.13 Million ≈ $139.03 Million |
+13.55% |
| 2007-12-31 | CN¥836.79 Million ≈ $122.45 Million |
+129.29% |
| 2006-12-31 | CN¥364.94 Million ≈ $53.40 Million |
+22.76% |
| 2005-12-31 | CN¥297.28 Million ≈ $43.50 Million |
+24.58% |
| 2004-12-31 | CN¥238.63 Million ≈ $34.92 Million |
+17.63% |
| 2003-12-31 | CN¥202.87 Million ≈ $29.69 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shaanxi Xinghua Chemistry 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 397.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥219.91 Million | 4.89% |
| Common Stock | CN¥1.28 Billion | 28.35% |
| Other Comprehensive Income | CN¥237.11 Million | 5.27% |
| Other Components | CN¥2.77 Billion | 61.50% |
| Total Equity | CN¥4.50 Billion | 100.00% |
Shaanxi Xinghua Chemistry Co Ltd Competitors by Market Cap
The table below lists competitors of Shaanxi Xinghua Chemistry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grand Pacific Petrochemical Corp
TW:1312
|
$470.67 Million |
|
Zhejiang Lianxiang Smart Home
SHG:603272
|
$470.69 Million |
|
Ningbo MedicalSystem Biotechnology Co Ltd
SHE:300439
|
$470.71 Million |
|
HiVi Acoustics Technology Co Ltd
SHE:002888
|
$470.77 Million |
|
Kolon Corp
KO:002020
|
$470.62 Million |
|
Taier Heavy Industry Co Ltd
SHE:002347
|
$470.45 Million |
|
Evolent Health Inc
NYSE:EVH
|
$470.17 Million |
|
IEI Integration Corp
TW:3022
|
$470.14 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shaanxi Xinghua Chemistry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,886,210,088 to 4,501,639,801, a change of -384,570,287 (-7.9%).
- Net loss of 379,851,079 reduced equity.
- Dividend payments of 140,509,252 reduced retained earnings.
- Other comprehensive income increased equity by 211,189,624.
- Other factors decreased equity by 75,399,580.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-379.85 Million | -8.44% |
| Dividends Paid | CN¥140.51 Million | -3.12% |
| Other Comprehensive Income | CN¥211.19 Million | +4.69% |
| Other Changes | CN¥-75.40 Million | -1.67% |
| Total Change | CN¥- | -7.87% |
Book Value vs Market Value Analysis
This analysis compares Shaanxi Xinghua Chemistry 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: 0.71x
- 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 5.05x to 0.71x 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¥0.50 | CN¥2.52 | x |
| 2004-12-31 | CN¥0.58 | CN¥2.52 | x |
| 2005-12-31 | CN¥0.73 | CN¥2.52 | x |
| 2006-12-31 | CN¥0.85 | CN¥2.52 | x |
| 2007-12-31 | CN¥1.58 | CN¥2.52 | x |
| 2008-12-31 | CN¥1.75 | CN¥2.52 | x |
| 2009-12-31 | CN¥1.87 | CN¥2.52 | x |
| 2010-12-31 | CN¥2.04 | CN¥2.52 | x |
| 2011-12-31 | CN¥2.27 | CN¥2.52 | x |
| 2012-12-31 | CN¥2.38 | CN¥2.52 | x |
| 2013-12-31 | CN¥2.44 | CN¥2.52 | x |
| 2014-12-31 | CN¥2.15 | CN¥2.52 | x |
| 2015-12-31 | CN¥0.97 | CN¥2.52 | x |
| 2016-12-31 | CN¥2.97 | CN¥2.52 | x |
| 2017-12-31 | CN¥3.17 | CN¥2.52 | x |
| 2018-12-31 | CN¥3.40 | CN¥2.52 | x |
| 2019-12-31 | CN¥3.54 | CN¥2.52 | x |
| 2020-12-31 | CN¥3.72 | CN¥2.52 | x |
| 2021-12-31 | CN¥4.24 | CN¥2.52 | x |
| 2022-12-31 | CN¥5.31 | CN¥2.52 | x |
| 2023-12-31 | CN¥4.64 | CN¥2.52 | x |
| 2024-12-31 | CN¥3.53 | CN¥2.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shaanxi Xinghua Chemistry 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): -8.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.19%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 2.50x
- Recent ROE (-8.44%) is below the historical average (7.55%), 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 | 14.79% | 8.59% | 0.71x | 2.41x | CN¥9.72 Million |
| 2004 | 21.87% | 11.82% | 0.79x | 2.33x | CN¥28.10 Million |
| 2005 | 27.96% | 16.75% | 0.76x | 2.20x | CN¥53.00 Million |
| 2006 | 26.55% | 14.12% | 0.89x | 2.11x | CN¥57.04 Million |
| 2007 | 11.82% | 14.49% | 0.52x | 1.57x | CN¥14.91 Million |
| 2008 | 17.48% | 19.88% | 0.62x | 1.42x | CN¥71.08 Million |
| 2009 | 8.92% | 10.59% | 0.57x | 1.48x | CN¥-10.92 Million |
| 2010 | 8.83% | 9.30% | 0.65x | 1.47x | CN¥-12.66 Million |
| 2011 | 14.12% | 12.40% | 0.81x | 1.41x | CN¥50.47 Million |
| 2012 | 10.00% | 8.91% | 0.83x | 1.35x | CN¥-56.79K |
| 2013 | 4.65% | 5.45% | 0.59x | 1.44x | CN¥-70.19 Million |
| 2014 | -13.02% | -15.93% | 0.49x | 1.67x | CN¥-267.12 Million |
| 2015 | -13.15% | -15.72% | 0.48x | 1.73x | CN¥-237.06 Million |
| 2016 | 0.90% | 1.38% | 0.46x | 1.42x | CN¥-284.17 Million |
| 2017 | 6.19% | 10.90% | 0.46x | 1.24x | CN¥-127.17 Million |
| 2018 | 6.65% | 11.60% | 0.48x | 1.21x | CN¥-120.02 Million |
| 2019 | 3.92% | 7.40% | 0.47x | 1.12x | CN¥-226.23 Million |
| 2020 | 5.46% | 11.03% | 0.45x | 1.10x | CN¥-178.16 Million |
| 2021 | 12.06% | 18.98% | 0.59x | 1.08x | CN¥92.17 Million |
| 2022 | 6.90% | 11.85% | 0.27x | 2.15x | CN¥-173.18 Million |
| 2023 | -8.41% | -11.50% | 0.31x | 2.36x | CN¥-899.47 Million |
| 2024 | -8.44% | -9.19% | 0.37x | 2.50x | CN¥-830.02 Million |
Industry Comparison
This section compares Shaanxi Xinghua Chemistry Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $814,039,775
- Average return on equity (ROE) among peers: 11.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shaanxi Xinghua Chemistry Co Ltd (002109) | CN¥4.84 Billion | 14.79% | 1.21x | $470.63 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $1.66 Billion | 14.45% | 1.50x | $940.88 Million |
| Sichuan Chemical Co Ltd (000155) | $452.40 Million | 20.36% | 1.97x | $3.48 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.56 Billion | 4.43% | 0.36x | $11.21 Billion |
| Zangge Holding Co Ltd (000408) | $500.14 Million | 2.06% | 0.92x | $17.56 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $2.10 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $152.09 Million | 4.78% | 1.62x | $348.02 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $560.43 Million | 4.68% | 0.78x | $891.94 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $342.74 Million | 13.58% | 2.48x | $376.61 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $702.67 Million | 17.21% | 0.08x | $286.04 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $35.88 Million | 31.04% | 3.02x | $3.42 Billion |
About Shaanxi Xinghua Chemistry Co Ltd
Shaanxi Xinghua Chemistry Co.,Ltd produces and sells ammonium nitrate products in China. It also offers liquid ammonia, methanol, methylamine, dimethylformamide, ethanol, and other products. The company was founded in 1997 and is based in Xingping, China.