Puyang Refractories Group Co Ltd (002225) - Net Assets

Latest as of June 2026: CN¥4.18 Billion CNY ≈ $611.06 Million USD

Based on the latest financial reports, Puyang Refractories Group Co Ltd (002225) has net assets worth CN¥4.18 Billion CNY (≈ $611.06 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.16 Billion ≈ $1.34 Billion USD) and total liabilities (CN¥4.98 Billion ≈ $728.95 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 Puyang Refractories Group Co Ltd strategic asset allocation index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.18 Billion
% of Total Assets	45.6%
Annual Growth Rate	14.87%
5-Year Change	30.48%
10-Year Change	74.09%
Growth Volatility	18.83

Puyang Refractories Group Co Ltd - Net Assets Trend (2004–2025)

This chart illustrates how Puyang Refractories Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002225 stock market capitalisation.

Annual Net Assets for Puyang Refractories Group Co Ltd (2004–2025)

The table below shows the annual net assets of Puyang Refractories Group Co Ltd from 2004 to 2025. Also explore how fast is Puyang Refractories Group Co Ltd growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥4.23 Billion ≈ $618.54 Million	+19.99%
2024-12-31	CN¥3.52 Billion ≈ $515.48 Million	-0.62%
2023-12-31	CN¥3.54 Billion ≈ $518.68 Million	+5.78%
2022-12-31	CN¥3.35 Billion ≈ $490.35 Million	+3.44%
2021-12-31	CN¥3.24 Billion ≈ $474.04 Million	+1.80%
2020-12-31	CN¥3.18 Billion ≈ $465.64 Million	+6.53%
2019-12-31	CN¥2.99 Billion ≈ $437.10 Million	+7.67%
2018-12-31	CN¥2.77 Billion ≈ $405.95 Million	+8.94%
2017-12-31	CN¥2.55 Billion ≈ $372.65 Million	+4.88%
2016-12-31	CN¥2.43 Billion ≈ $355.30 Million	-7.83%
2015-12-31	CN¥2.63 Billion ≈ $385.48 Million	+7.73%
2014-12-31	CN¥2.45 Billion ≈ $357.82 Million	+27.49%
2013-12-31	CN¥1.92 Billion ≈ $280.65 Million	+38.28%
2012-12-31	CN¥1.39 Billion ≈ $202.95 Million	+4.04%
2011-12-31	CN¥1.33 Billion ≈ $195.07 Million	+6.97%
2010-12-31	CN¥1.25 Billion ≈ $182.36 Million	+38.19%
2009-12-31	CN¥901.86 Million ≈ $131.97 Million	+20.48%
2008-12-31	CN¥748.57 Million ≈ $109.54 Million	+81.27%
2007-12-31	CN¥412.95 Million ≈ $60.43 Million	+22.66%
2006-12-31	CN¥336.67 Million ≈ $49.27 Million	+21.52%
2005-12-31	CN¥277.05 Million ≈ $40.54 Million	+20.49%
2004-12-31	CN¥229.94 Million ≈ $33.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Puyang Refractories Group 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 3893.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.34 Billion	32.61%
Other Components	CN¥2.77 Billion	67.39%
Total Equity	CN¥4.12 Billion	100.00%

Puyang Refractories Group Co Ltd Competitors by Market Cap

The table below lists competitors of Puyang Refractories Group Co Ltd ranked by their market capitalization.

Company	Market Cap
PetroVietnam Fertilizer and Chemicals Corp VN:DPM	$595.45 Million
Shanghai Labway Clinical Laboratory Co Ltd SHE:301060	$595.46 Million
Zhejiang Zomax Transmission SHG:603767	$595.69 Million
Hangzhou Shenhao Technology Co Ltd SHE:300853	$595.86 Million
Surfilter Network Technology Co Ltd SHE:300311	$595.38 Million
Chang Jiang Shipping Group Phoenix Co Ltd SHE:000520	$595.36 Million
BES Engineering Co TW:2515	$595.23 Million
Lucky Film Co Ltd SHG:600135	$595.10 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Puyang Refractories Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,403,319,460 to 4,116,336,807, a change of 713,017,347 (21.0%).
Net income of 86,589,572 contributed positively to equity growth.
Dividend payments of 95,117,617 reduced retained earnings.
Other comprehensive income decreased equity by 288,824,546.
Other factors increased equity by 1,010,369,938.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥86.59 Million	+2.1%
Dividends Paid	CN¥95.12 Million	-2.31%
Other Comprehensive Income	CN¥-288.82 Million	-7.02%
Other Changes	CN¥1.01 Billion	+24.55%
Total Change	CN¥-	20.95%

Book Value vs Market Value Analysis

This analysis compares Puyang Refractories Group 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: 0.99x
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 2.60x to 0.99x 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¥1.35	CN¥3.51	x
2005-12-31	CN¥1.62	CN¥3.51	x
2006-12-31	CN¥1.99	CN¥3.51	x
2007-12-31	CN¥0.72	CN¥3.51	x
2008-12-31	CN¥1.14	CN¥3.51	x
2009-12-31	CN¥1.27	CN¥3.51	x
2010-12-31	CN¥1.69	CN¥3.51	x
2011-12-31	CN¥1.74	CN¥3.51	x
2012-12-31	CN¥1.81	CN¥3.51	x
2013-12-31	CN¥2.43	CN¥3.51	x
2014-12-31	CN¥2.94	CN¥3.51	x
2015-12-31	CN¥2.88	CN¥3.51	x
2016-12-31	CN¥2.64	CN¥3.51	x
2017-12-31	CN¥2.72	CN¥3.51	x
2018-12-31	CN¥2.98	CN¥3.51	x
2019-12-31	CN¥3.03	CN¥3.51	x
2020-12-31	CN¥2.86	CN¥3.51	x
2021-12-31	CN¥2.90	CN¥3.51	x
2022-12-31	CN¥3.08	CN¥3.51	x
2023-12-31	CN¥3.31	CN¥3.51	x
2024-12-31	CN¥3.53	CN¥3.51	x
2025-12-31	CN¥3.55	CN¥3.51	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Puyang Refractories Group 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): 2.10%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.58%
• Asset Turnover: 0.61x
• Equity Multiplier: 2.20x
Recent ROE (2.10%) is below the historical average (8.46%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	12.25%	7.08%	0.84x	2.05x	CN¥5.15 Million
2005	17.15%	9.46%	0.94x	1.94x	CN¥19.67 Million
2006	18.16%	10.06%	0.89x	2.03x	CN¥27.27 Million
2007	20.66%	10.61%	0.96x	2.04x	CN¥44.02 Million
2008	14.13%	10.12%	0.86x	1.63x	CN¥30.91 Million
2009	15.17%	11.76%	0.71x	1.82x	CN¥43.97 Million
2010	11.85%	8.88%	0.72x	1.86x	CN¥22.10 Million
2011	9.19%	5.74%	0.70x	2.30x	CN¥-10.22 Million
2012	7.13%	4.39%	0.69x	2.35x	CN¥-37.89 Million
2013	6.59%	5.04%	0.64x	2.04x	CN¥-63.39 Million
2014	6.81%	6.21%	0.53x	2.06x	CN¥-76.12 Million
2015	3.30%	3.03%	0.54x	2.01x	CN¥-172.15 Million
2016	-7.86%	-7.91%	0.50x	1.99x	CN¥-420.20 Million
2017	0.92%	0.79%	0.58x	2.02x	CN¥-218.78 Million
2018	8.40%	5.70%	0.73x	2.01x	CN¥-42.10 Million
2019	8.91%	6.09%	0.72x	2.02x	CN¥-30.91 Million
2020	10.13%	7.19%	0.67x	2.11x	CN¥3.74 Million
2021	2.76%	1.91%	0.62x	2.33x	CN¥-219.48 Million
2022	7.15%	4.65%	0.66x	2.34x	CN¥-91.68 Million
2023	7.26%	4.53%	0.67x	2.41x	CN¥-93.41 Million
2024	3.97%	2.60%	0.63x	2.43x	CN¥-205.28 Million
2025	2.10%	1.58%	0.61x	2.20x	CN¥-325.04 Million

Industry Comparison

This section compares Puyang Refractories Group Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $1,279,841,057
Average return on equity (ROE) among peers: 8.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Puyang Refractories Group Co Ltd (002225)	CN¥4.18 Billion	12.25%	1.19x	$595.41 Million
China Fangda Group Co Ltd (000055)	$3.24 Billion	35.33%	1.35x	$345.14 Million
Huasu Holdings Co Ltd (000509)	$290.06 Million	15.72%	0.37x	$533.91 Million
Wuhu Conch Profiles and Science Co Ltd (000619)	$1.38 Billion	4.05%	0.75x	$312.46 Million
Beijing New Building Materials Public Ltd Co (000786)	$1.56 Billion	5.55%	0.98x	$3.93 Billion
Yantai Moon Co Ltd (000811)	$1.10 Billion	14.34%	1.08x	$5.28 Billion
Tangshan Jidong Equipment Engineering Co Ltd (000856)	$458.32 Million	-6.31%	1.31x	$281.68 Million
Shandong Luyang Share Co Ltd (002088)	$1.51 Billion	5.71%	0.24x	$590.93 Million
Everjoy Health Group Co Ltd (002162)	$1.01 Billion	4.94%	1.33x	$518.14 Million
XinJiang GuoTong Pipeline Co Ltd (002205)	$963.77 Million	1.38%	1.23x	$279.83 Million

About Puyang Refractories Group Co Ltd

SHE:002225 China Building Products & Equipment

Market Cap

$595.41 Million

CN¥4.07 Billion CNY

Market Cap Rank

#11361 Global

#3164 in China

Share Price

CN¥3.51

Change (1 day)

-1.68%

52-Week Range

CN¥3.39 - CN¥6.92

All Time High

CN¥7.63