Sansteel MinGuang Co Ltd Fujian
Sansteel MinGuang Co.,Ltd.,Fujian manufactures and sells iron and steel products in China. The company offers building materials, metal, medium and thick plates, round and H shaped steel, steel mold, self-processed steel billets, alloy structure steel, and coal chemical products. Sansteel MinGuang Co.,Ltd.,Fujian was founded in 2001 and is headquartered in Sanming, China.
Sansteel MinGuang Co Ltd Fujian (002110) - Net Assets
Latest net assets as of September 2025: CN¥19.88 Billion CNY
Based on the latest financial reports, Sansteel MinGuang Co Ltd Fujian (002110) has net assets worth CN¥19.88 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¥51.66 Billion) and total liabilities (CN¥31.78 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¥19.88 Billion |
| % of Total Assets | 38.48% |
| Annual Growth Rate | 12.97% |
| 5-Year Change | -5.39% |
| 10-Year Change | 1074.78% |
| Growth Volatility | 74.49 |
Sansteel MinGuang Co Ltd Fujian - Net Assets Trend (2003–2024)
This chart illustrates how Sansteel MinGuang Co Ltd Fujian's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sansteel MinGuang Co Ltd Fujian (2003–2024)
The table below shows the annual net assets of Sansteel MinGuang Co Ltd Fujian from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥19.37 Billion | -5.65% |
| 2023-12-31 | CN¥20.53 Billion | -4.10% |
| 2022-12-31 | CN¥21.41 Billion | -8.10% |
| 2021-12-31 | CN¥23.30 Billion | +13.79% |
| 2020-12-31 | CN¥20.48 Billion | +8.94% |
| 2019-12-31 | CN¥18.80 Billion | +2.08% |
| 2018-12-31 | CN¥18.41 Billion | +55.57% |
| 2017-12-31 | CN¥11.83 Billion | +62.17% |
| 2016-12-31 | CN¥7.30 Billion | +342.56% |
| 2015-12-31 | CN¥1.65 Billion | -36.41% |
| 2014-12-31 | CN¥2.59 Billion | -0.16% |
| 2013-12-31 | CN¥2.60 Billion | -5.13% |
| 2012-12-31 | CN¥2.74 Billion | -7.46% |
| 2011-12-31 | CN¥2.96 Billion | +8.93% |
| 2010-12-31 | CN¥2.72 Billion | +2.74% |
| 2009-12-31 | CN¥2.64 Billion | +0.91% |
| 2008-12-31 | CN¥2.62 Billion | -2.68% |
| 2007-12-31 | CN¥2.69 Billion | +39.34% |
| 2006-12-31 | CN¥1.93 Billion | +20.66% |
| 2005-12-31 | CN¥1.60 Billion | +6.36% |
| 2004-12-31 | CN¥1.51 Billion | +0.68% |
| 2003-12-31 | CN¥1.50 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sansteel MinGuang Co Ltd Fujian'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 1877.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.69 Billion | 60.98% |
| Common Stock | CN¥2.43 Billion | 12.67% |
| Other Components | CN¥5.05 Billion | 26.34% |
| Total Equity | CN¥19.17 Billion | 100.00% |
Sansteel MinGuang Co Ltd Fujian Competitors by Market Cap
The table below lists competitors of Sansteel MinGuang Co Ltd Fujian ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuxi Online Offline Communication Information Technology Co. Ltd.
SHE:300959
|
$530.67 Million |
|
Delta Galil Industries Ltd
OTCGREY:DELTF
|
$530.69 Million |
|
INVENTIVA ADS/1 O.N.
F:6IVA
|
$530.73 Million |
|
Vijaya Diagnostic Centre Limited
NSE:VIJAYA
|
$530.99 Million |
|
Xinjiang Beixin Road&Bridge Group Co Ltd
SHE:002307
|
$530.59 Million |
|
CECEP Techand Ecology&Environment Co Ltd
SHE:300197
|
$530.58 Million |
|
Bergman & Beving AB (publ)
ST:BERG-B
|
$530.55 Million |
|
Zhejiang Dayuan Pumps Ind Co
SHG:603757
|
$530.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sansteel MinGuang Co Ltd Fujian's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 20,410,021,656 to 19,165,227,463, a change of -1,244,794,193 (-6.1%).
- Net loss of 1,276,634,964 reduced equity.
- Dividend payments of 367,507,100 reduced retained earnings.
- Share repurchases of 57,375,028 reduced equity.
- Other comprehensive income decreased equity by 1,157,938,091.
- Other factors increased equity by 1,614,660,990.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.28 Billion | -6.66% |
| Dividends Paid | CN¥367.51 Million | -1.92% |
| Share Repurchases | CN¥57.38 Million | -0.3% |
| Other Comprehensive Income | CN¥-1.16 Billion | -6.04% |
| Other Changes | CN¥1.61 Billion | +8.42% |
| Total Change | CN¥- | -6.10% |
Book Value vs Market Value Analysis
This analysis compares Sansteel MinGuang Co Ltd Fujian'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: 0.54x
- 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 1.93x to 0.54x 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¥2.21 | CN¥4.27 | x |
| 2004-12-31 | CN¥2.19 | CN¥4.27 | x |
| 2005-12-31 | CN¥2.30 | CN¥4.27 | x |
| 2006-12-31 | CN¥2.82 | CN¥4.27 | x |
| 2007-12-31 | CN¥3.40 | CN¥4.27 | x |
| 2008-12-31 | CN¥3.26 | CN¥4.27 | x |
| 2009-12-31 | CN¥3.29 | CN¥4.27 | x |
| 2010-12-31 | CN¥3.39 | CN¥4.27 | x |
| 2011-12-31 | CN¥3.69 | CN¥4.27 | x |
| 2012-12-31 | CN¥3.41 | CN¥4.27 | x |
| 2013-12-31 | CN¥3.21 | CN¥4.27 | x |
| 2014-12-31 | CN¥3.25 | CN¥4.27 | x |
| 2015-12-31 | CN¥2.06 | CN¥4.27 | x |
| 2016-12-31 | CN¥5.15 | CN¥4.27 | x |
| 2017-12-31 | CN¥4.50 | CN¥4.27 | x |
| 2018-12-31 | CN¥7.46 | CN¥4.27 | x |
| 2019-12-31 | CN¥7.64 | CN¥4.27 | x |
| 2020-12-31 | CN¥8.37 | CN¥4.27 | x |
| 2021-12-31 | CN¥9.54 | CN¥4.27 | x |
| 2022-12-31 | CN¥8.76 | CN¥4.27 | x |
| 2023-12-31 | CN¥8.25 | CN¥4.27 | x |
| 2024-12-31 | CN¥7.96 | CN¥4.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sansteel MinGuang Co Ltd Fujian 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): -6.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.77%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 2.69x
- Recent ROE (-6.66%) is below the historical average (9.95%), 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 | 47.66% | 13.67% | 1.81x | 1.92x | CN¥547.93 Million |
| 2004 | 29.20% | 5.58% | 1.88x | 2.79x | CN¥276.83 Million |
| 2005 | 8.37% | 1.49% | 2.10x | 2.68x | CN¥-24.71 Million |
| 2006 | 19.61% | 4.28% | 1.80x | 2.55x | CN¥176.32 Million |
| 2007 | 18.44% | 4.37% | 1.76x | 2.39x | CN¥227.25 Million |
| 2008 | 1.33% | 0.20% | 2.47x | 2.70x | CN¥-227.14 Million |
| 2009 | 1.60% | 0.31% | 1.81x | 2.81x | CN¥-222.08 Million |
| 2010 | 4.05% | 0.69% | 2.09x | 2.82x | CN¥-161.66 Million |
| 2011 | 8.56% | 1.31% | 2.14x | 3.05x | CN¥-42.60 Million |
| 2012 | -7.87% | -1.18% | 2.09x | 3.20x | CN¥-489.22 Million |
| 2013 | 2.08% | 0.28% | 2.24x | 3.31x | CN¥-205.84 Million |
| 2014 | 1.23% | 0.18% | 2.24x | 3.10x | CN¥-227.36 Million |
| 2015 | -56.31% | -7.40% | 1.76x | 4.32x | CN¥-1.09 Billion |
| 2016 | 12.70% | 6.56% | 1.12x | 1.72x | CN¥196.75 Million |
| 2017 | 49.23% | 17.11% | 1.91x | 1.51x | CN¥4.32 Billion |
| 2018 | 35.50% | 17.95% | 1.28x | 1.54x | CN¥4.67 Billion |
| 2019 | 23.09% | 8.47% | 1.71x | 1.59x | CN¥2.45 Billion |
| 2020 | 12.55% | 5.25% | 1.12x | 2.13x | CN¥519.64 Million |
| 2021 | 17.17% | 6.34% | 1.36x | 1.98x | CN¥1.66 Billion |
| 2022 | 0.65% | 0.27% | 1.12x | 2.18x | CN¥-1.99 Billion |
| 2023 | -3.27% | -1.39% | 0.99x | 2.36x | CN¥-2.71 Billion |
| 2024 | -6.66% | -2.77% | 0.89x | 2.69x | CN¥-3.19 Billion |
Industry Comparison
This section compares Sansteel MinGuang Co Ltd Fujian's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,874,696,979
- Average return on equity (ROE) among peers: 20.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sansteel MinGuang Co Ltd Fujian (002110) | CN¥19.88 Billion | 47.66% | 1.60x | $530.66 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $4.40 Billion | 81.30% | 0.74x | $1.84 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $1.27 Billion |
| Sgis Songshan Co Ltd (000717) | $8.00 Billion | 22.80% | 1.15x | $443.11 Million |
| Bengang Steel Plates Co Ltd (000761) | $20.01 Billion | 2.78% | 2.03x | $452.44 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $1.51 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $27.34 Billion | 16.91% | 1.72x | $1.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.18 Billion | 1.14% | 1.80x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $1.19 Billion |
| Hunan Valin Steel Co Ltd (000932) | $1.39 Billion | 22.60% | 1.61x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $6.43 Billion | 16.93% | 1.18x | $911.24 Million |