Western Metal Materials Co Ltd
Western Metal Materials Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of rare metal materials in China and internationally. It operates through Titanium Products, Layered Composite Materials, Metal Fibers, Rare Metals, Tungsten and Molybdenum Products, and Others segments. The company offers titanium, zirconium, and its alloy products compri… Read more
Western Metal Materials Co Ltd (002149) - Net Assets
Latest net assets as of September 2025: CN¥3.46 Billion CNY
Based on the latest financial reports, Western Metal Materials Co Ltd (002149) has net assets worth CN¥3.46 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¥7.26 Billion) and total liabilities (CN¥3.80 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¥3.46 Billion |
| % of Total Assets | 47.68% |
| Annual Growth Rate | 19.11% |
| 5-Year Change | 19.86% |
| 10-Year Change | 258.41% |
| Growth Volatility | 39.6 |
Western Metal Materials Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Western Metal Materials 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 Western Metal Materials Co Ltd (2004–2024)
The table below shows the annual net assets of Western Metal Materials Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.53 Billion | +2.26% |
| 2023-12-31 | CN¥3.45 Billion | +7.96% |
| 2022-12-31 | CN¥3.20 Billion | +5.97% |
| 2021-12-31 | CN¥3.02 Billion | +2.46% |
| 2020-12-31 | CN¥2.94 Billion | +38.13% |
| 2019-12-31 | CN¥2.13 Billion | +0.71% |
| 2018-12-31 | CN¥2.12 Billion | +3.58% |
| 2017-12-31 | CN¥2.04 Billion | +5.81% |
| 2016-12-31 | CN¥1.93 Billion | +96.11% |
| 2015-12-31 | CN¥984.26 Million | -8.89% |
| 2014-12-31 | CN¥1.08 Billion | +2.33% |
| 2013-12-31 | CN¥1.06 Billion | +1.64% |
| 2012-12-31 | CN¥1.04 Billion | +4.27% |
| 2011-12-31 | CN¥996.15 Million | -4.65% |
| 2010-12-31 | CN¥1.04 Billion | +12.96% |
| 2009-12-31 | CN¥924.94 Million | +122.68% |
| 2008-12-31 | CN¥415.37 Million | +8.74% |
| 2007-12-31 | CN¥381.99 Million | +122.51% |
| 2006-12-31 | CN¥171.68 Million | +32.92% |
| 2005-12-31 | CN¥129.16 Million | +20.86% |
| 2004-12-31 | CN¥106.87 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Western Metal Materials 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 2365.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥393.99 Million | 13.26% |
| Common Stock | CN¥488.21 Million | 16.44% |
| Other Comprehensive Income | CN¥192.10 Million | 6.47% |
| Other Components | CN¥1.90 Billion | 63.83% |
| Total Equity | CN¥2.97 Billion | 100.00% |
Western Metal Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Western Metal Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wilson Bank Holding Company
PINK:WBHC
|
$2.02 Billion |
|
DXC Technology Co
NYSE:DXC
|
$2.02 Billion |
|
Civitas Resources Inc
NYSE:CIVI
|
$2.02 Billion |
|
OneStream, Inc. Class A Common Stock
NASDAQ:OS
|
$2.02 Billion |
|
Chimera Investment Corporation
NYSE:CIMO
|
$2.01 Billion |
|
Page Industries Limited
NSE:PAGEIND
|
$2.01 Billion |
|
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
|
$2.01 Billion |
|
Shanghai Friendess Electronics Tech
SHG:688188
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Western Metal Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,921,831,930 to 2,970,561,084, a change of 48,729,154 (1.7%).
- Net income of 157,775,531 contributed positively to equity growth.
- Dividend payments of 157,544,530 reduced retained earnings.
- Other comprehensive income increased equity by 192,099,739.
- Other factors decreased equity by 143,601,586.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥157.78 Million | +5.31% |
| Dividends Paid | CN¥157.54 Million | -5.3% |
| Other Comprehensive Income | CN¥192.10 Million | +6.47% |
| Other Changes | CN¥-143.60 Million | -4.83% |
| Total Change | CN¥- | 1.67% |
Book Value vs Market Value Analysis
This analysis compares Western Metal Materials 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: 7.34x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 91.53x to 7.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.49 | CN¥44.69 | x |
| 2005-12-31 | CN¥0.53 | CN¥44.69 | x |
| 2006-12-31 | CN¥0.60 | CN¥44.69 | x |
| 2007-12-31 | CN¥1.41 | CN¥44.69 | x |
| 2008-12-31 | CN¥1.28 | CN¥44.69 | x |
| 2009-12-31 | CN¥2.59 | CN¥44.69 | x |
| 2010-12-31 | CN¥2.55 | CN¥44.69 | x |
| 2011-12-31 | CN¥2.29 | CN¥44.69 | x |
| 2012-12-31 | CN¥2.48 | CN¥44.69 | x |
| 2013-12-31 | CN¥2.60 | CN¥44.69 | x |
| 2014-12-31 | CN¥2.41 | CN¥44.69 | x |
| 2015-12-31 | CN¥2.19 | CN¥44.69 | x |
| 2016-12-31 | CN¥4.47 | CN¥44.69 | x |
| 2017-12-31 | CN¥4.17 | CN¥44.69 | x |
| 2018-12-31 | CN¥4.23 | CN¥44.69 | x |
| 2019-12-31 | CN¥4.23 | CN¥44.69 | x |
| 2020-12-31 | CN¥5.29 | CN¥44.69 | x |
| 2021-12-31 | CN¥5.39 | CN¥44.69 | x |
| 2022-12-31 | CN¥5.72 | CN¥44.69 | x |
| 2023-12-31 | CN¥5.98 | CN¥44.69 | x |
| 2024-12-31 | CN¥6.09 | CN¥44.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Western Metal Materials 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): 5.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.36%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 2.31x
- Recent ROE (5.31%) is above the historical average (5.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.48% | 8.49% | 0.92x | 2.62x | CN¥10.55 Million |
| 2005 | 20.75% | 6.01% | 1.08x | 3.19x | CN¥11.80 Million |
| 2006 | 21.54% | 4.85% | 1.29x | 3.45x | CN¥14.12 Million |
| 2007 | 8.93% | 5.36% | 0.84x | 1.98x | CN¥-3.47 Million |
| 2008 | 8.27% | 3.93% | 0.84x | 2.51x | CN¥-6.09 Million |
| 2009 | 3.48% | 3.78% | 0.38x | 2.41x | CN¥-55.37 Million |
| 2010 | 4.50% | 3.19% | 0.52x | 2.73x | CN¥-48.88 Million |
| 2011 | -2.84% | -1.58% | 0.56x | 3.22x | CN¥-106.61 Million |
| 2012 | 2.62% | 1.60% | 0.54x | 3.05x | CN¥-63.35 Million |
| 2013 | 2.31% | 1.76% | 0.41x | 3.19x | CN¥-67.09 Million |
| 2014 | 0.62% | 0.45% | 0.42x | 3.29x | CN¥-82.49 Million |
| 2015 | -17.32% | -13.46% | 0.34x | 3.75x | CN¥-208.69 Million |
| 2016 | 1.25% | 1.75% | 0.36x | 1.95x | CN¥-149.07 Million |
| 2017 | 3.05% | 3.47% | 0.44x | 2.01x | CN¥-123.43 Million |
| 2018 | 3.35% | 3.51% | 0.44x | 2.15x | CN¥-119.53 Million |
| 2019 | 3.42% | 3.06% | 0.45x | 2.46x | CN¥-118.43 Million |
| 2020 | 3.08% | 3.91% | 0.36x | 2.16x | CN¥-178.79 Million |
| 2021 | 5.06% | 5.56% | 0.42x | 2.19x | CN¥-129.89 Million |
| 2022 | 6.63% | 6.30% | 0.46x | 2.29x | CN¥-94.21 Million |
| 2023 | 6.72% | 6.08% | 0.49x | 2.25x | CN¥-95.98 Million |
| 2024 | 5.31% | 5.36% | 0.43x | 2.31x | CN¥-139.28 Million |
Industry Comparison
This section compares Western Metal Materials Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,357,315,561
- Average return on equity (ROE) among peers: 8.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Metal Materials Co Ltd (002149) | CN¥3.46 Billion | 20.48% | 1.10x | $2.02 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $3.76 Billion | 32.01% | 1.11x | $2.38 Billion |
| Shengda Mining Co Ltd (000603) | $116.05 Million | 17.12% | 0.71x | $2.08 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $9.17 Billion | 14.66% | 0.30x | $2.67 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $3.92 Billion | 0.56% | 0.99x | $11.36 Billion |
| Guocheng Mining Co Ltd (000688) | $-823.22 Million | 0.00% | 0.00x | $1.69 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $1.82 Billion | 3.47% | 3.47x | $885.40 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $1.08 Billion | 7.44% | 0.44x | $1.27 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.60 Billion | 5.40% | 0.11x | $1.62 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $768.04 Million | 1.24% | 0.33x | $706.90 Million |
| Yunnan Tin Co Ltd (000960) | $1.16 Billion | 0.10% | 0.93x | $4.62 Billion |