Sansteel MinGuang Co Ltd Fujian (002110) - Net Assets
Based on the latest financial reports, Sansteel MinGuang Co Ltd Fujian (002110) has net assets worth CN¥19.58 Billion CNY (≈ $2.86 Billion 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¥52.23 Billion ≈ $7.64 Billion USD) and total liabilities (CN¥32.65 Billion ≈ $4.78 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 002110 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥19.58 Billion |
| % of Total Assets | 37.48% |
| Annual Growth Rate | 12.44% |
| 5-Year Change | -15.41% |
| 10-Year Change | 170.05% |
| Growth Volatility | 72.92 |
Sansteel MinGuang Co Ltd Fujian - Net Assets Trend (2003–2025)
This chart illustrates how Sansteel MinGuang Co Ltd Fujian's net assets have evolved over time, based on quarterly financial data. See Sansteel MinGuang Co Ltd Fujian defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sansteel MinGuang Co Ltd Fujian (2003–2025)
The table below shows the annual net assets of Sansteel MinGuang Co Ltd Fujian from 2003 to 2025. For live valuation and market cap data, see market value of Sansteel MinGuang Co Ltd Fujian.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥19.71 Billion ≈ $2.88 Billion |
+1.73% |
| 2024-12-31 | CN¥19.37 Billion ≈ $2.83 Billion |
-5.65% |
| 2023-12-31 | CN¥20.53 Billion ≈ $3.00 Billion |
-4.10% |
| 2022-12-31 | CN¥21.41 Billion ≈ $3.13 Billion |
-8.10% |
| 2021-12-31 | CN¥23.30 Billion ≈ $3.41 Billion |
+13.79% |
| 2020-12-31 | CN¥20.48 Billion ≈ $3.00 Billion |
+8.94% |
| 2019-12-31 | CN¥18.80 Billion ≈ $2.75 Billion |
+2.08% |
| 2018-12-31 | CN¥18.41 Billion ≈ $2.69 Billion |
+55.57% |
| 2017-12-31 | CN¥11.83 Billion ≈ $1.73 Billion |
+62.17% |
| 2016-12-31 | CN¥7.30 Billion ≈ $1.07 Billion |
+342.56% |
| 2015-12-31 | CN¥1.65 Billion ≈ $241.30 Million |
-36.41% |
| 2014-12-31 | CN¥2.59 Billion ≈ $379.46 Million |
-0.16% |
| 2013-12-31 | CN¥2.60 Billion ≈ $380.08 Million |
-5.13% |
| 2012-12-31 | CN¥2.74 Billion ≈ $400.63 Million |
-7.46% |
| 2011-12-31 | CN¥2.96 Billion ≈ $432.94 Million |
+8.93% |
| 2010-12-31 | CN¥2.72 Billion ≈ $397.45 Million |
+2.74% |
| 2009-12-31 | CN¥2.64 Billion ≈ $386.84 Million |
+0.91% |
| 2008-12-31 | CN¥2.62 Billion ≈ $383.36 Million |
-2.68% |
| 2007-12-31 | CN¥2.69 Billion ≈ $393.91 Million |
+39.34% |
| 2006-12-31 | CN¥1.93 Billion ≈ $282.69 Million |
+20.66% |
| 2005-12-31 | CN¥1.60 Billion ≈ $234.28 Million |
+6.36% |
| 2004-12-31 | CN¥1.51 Billion ≈ $220.27 Million |
+0.68% |
| 2003-12-31 | CN¥1.50 Billion ≈ $218.77 Million |
-- |
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 1896.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.80 Billion | 60.51% |
| Other Components | CN¥7.70 Billion | 39.49% |
| Total Equity | CN¥19.50 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 |
|---|---|
|
TA-I Technology Co Ltd
TW:2478
|
$1.05 Billion |
|
Siam Global House Public Company Limited
BK:GLOBAL
|
$1.05 Billion |
|
Wuxi Huadong Heavy Machinery Co Ltd
SHE:002685
|
$1.05 Billion |
|
Goldman Sachs BDC Inc
NYSE:GSBD
|
$1.05 Billion |
|
Beijing Hotgen Biotech Co Ltd
SHG:688068
|
$1.05 Billion |
|
Zimplats Holdings Ltd
AU:ZIM
|
$1.05 Billion |
|
Upwork Inc
NASDAQ:UPWK
|
$1.05 Billion |
|
eXp World Holdings Inc
NASDAQ:EXPI
|
$1.05 Billion |
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 2024 to 2025, total equity changed from 19,165,227,463 to 19,496,296,213, a change of 331,068,750 (1.7%).
- Net income of 27,095,228 contributed positively to equity growth.
- Dividend payments of 373,250,699 reduced retained earnings.
- Other factors increased equity by 677,224,222.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥27.10 Million | +0.14% |
| Dividends Paid | CN¥373.25 Million | -1.91% |
| Other Changes | CN¥677.22 Million | +3.47% |
| Total Change | CN¥- | 1.73% |
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: 0.37x
- 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 1.34x to 0.37x 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¥2.96 | x |
| 2004-12-31 | CN¥2.19 | CN¥2.96 | x |
| 2005-12-31 | CN¥2.30 | CN¥2.96 | x |
| 2006-12-31 | CN¥2.82 | CN¥2.96 | x |
| 2007-12-31 | CN¥3.40 | CN¥2.96 | x |
| 2008-12-31 | CN¥3.26 | CN¥2.96 | x |
| 2009-12-31 | CN¥3.29 | CN¥2.96 | x |
| 2010-12-31 | CN¥3.39 | CN¥2.96 | x |
| 2011-12-31 | CN¥3.69 | CN¥2.96 | x |
| 2012-12-31 | CN¥3.41 | CN¥2.96 | x |
| 2013-12-31 | CN¥3.21 | CN¥2.96 | x |
| 2014-12-31 | CN¥3.25 | CN¥2.96 | x |
| 2015-12-31 | CN¥2.06 | CN¥2.96 | x |
| 2016-12-31 | CN¥5.15 | CN¥2.96 | x |
| 2017-12-31 | CN¥4.50 | CN¥2.96 | x |
| 2018-12-31 | CN¥7.46 | CN¥2.96 | x |
| 2019-12-31 | CN¥7.62 | CN¥2.96 | x |
| 2020-12-31 | CN¥8.29 | CN¥2.96 | x |
| 2021-12-31 | CN¥9.55 | CN¥2.96 | x |
| 2022-12-31 | CN¥9.18 | CN¥2.96 | x |
| 2023-12-31 | CN¥8.25 | CN¥2.96 | x |
| 2024-12-31 | CN¥7.96 | CN¥2.96 | x |
| 2025-12-31 | CN¥8.03 | CN¥2.96 | 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): 0.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.06%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.57x
- Recent ROE (0.14%) is below the historical average (9.52%), 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 |
| 2025 | 0.14% | 0.06% | 0.86x | 2.57x | CN¥-1.92 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: $21,084,744,346
- Average return on equity (ROE) among peers: 6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sansteel MinGuang Co Ltd Fujian (002110) | CN¥19.58 Billion | 47.66% | 1.67x | $1.05 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $32.79 Billion | 23.72% | 1.58x | $9.99 Billion |
| HBIS Co Ltd (000709) | $1.64 Billion | 0.00% | 1.57x | $3.12 Billion |
| Sgis Songshan Co Ltd (000717) | $4.68 Billion | -24.33% | 4.21x | $741.29 Million |
| Bengang Steel Plates Co Ltd (000761) | $3.44 Billion | 10.17% | 0.38x | $1.25 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $27.59 Billion | 6.07% | 1.03x | $2.34 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $26.14 Billion | 2.41% | 1.90x | $3.14 Billion |
| Jiangsu Fasten Co Ltd (000890) | $610.17 Million | 9.69% | 0.76x | $546.34 Million |
| Angang Steel Co Ltd Class A (000898) | $53.80 Billion | 1.35% | 0.88x | $2.33 Billion |
| Hunan Valin Steel Co Ltd (000932) | $57.59 Billion | 11.08% | 1.08x | $3.65 Billion |
| Beijing Shougang Co Ltd (000959) | $2.57 Billion | 23.68% | 2.11x | $3.68 Billion |
About 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.