Shandong Humon Smelting Co Ltd
Shandong Humon Smelting Co., Ltd. engages in smelting of gold in China and interationally.It is also involved in smelting, refining, and processing of rare and semi metal; precious metal mining; chemical; research, development, and production of high purity metal materials; trade of mineral products; and other business. The company offers gold, silver, electrolytic copper, and sulfuric acid; and … Read more
Shandong Humon Smelting Co Ltd (002237) - Net Assets
Latest net assets as of September 2025: CN¥10.22 Billion CNY
Based on the latest financial reports, Shandong Humon Smelting Co Ltd (002237) has net assets worth CN¥10.22 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¥31.42 Billion) and total liabilities (CN¥21.20 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¥10.22 Billion |
| % of Total Assets | 32.52% |
| Annual Growth Rate | 25.42% |
| 5-Year Change | 30.12% |
| 10-Year Change | 165.17% |
| Growth Volatility | 63.46 |
Shandong Humon Smelting Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Shandong Humon Smelting 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 Shandong Humon Smelting Co Ltd (2005–2024)
The table below shows the annual net assets of Shandong Humon Smelting Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.73 Billion | +6.07% |
| 2023-12-31 | CN¥9.18 Billion | +12.02% |
| 2022-12-31 | CN¥8.19 Billion | +5.40% |
| 2021-12-31 | CN¥7.77 Billion | +3.90% |
| 2020-12-31 | CN¥7.48 Billion | +60.89% |
| 2019-12-31 | CN¥4.65 Billion | +6.58% |
| 2018-12-31 | CN¥4.36 Billion | +3.48% |
| 2017-12-31 | CN¥4.22 Billion | +10.12% |
| 2016-12-31 | CN¥3.83 Billion | +4.30% |
| 2015-12-31 | CN¥3.67 Billion | +2.36% |
| 2014-12-31 | CN¥3.59 Billion | +5.82% |
| 2013-12-31 | CN¥3.39 Billion | +7.53% |
| 2012-12-31 | CN¥3.15 Billion | +9.12% |
| 2011-12-31 | CN¥2.89 Billion | +111.61% |
| 2010-12-31 | CN¥1.37 Billion | +12.23% |
| 2009-12-31 | CN¥1.22 Billion | +10.75% |
| 2008-12-31 | CN¥1.10 Billion | +275.75% |
| 2007-12-31 | CN¥292.30 Million | +66.81% |
| 2006-12-31 | CN¥175.22 Million | +33.09% |
| 2005-12-31 | CN¥131.66 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Humon Smelting 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 8214.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.40 Billion | 44.68% |
| Common Stock | CN¥1.15 Billion | 11.65% |
| Other Comprehensive Income | CN¥1.56 Billion | 15.81% |
| Other Components | CN¥2.74 Billion | 27.85% |
| Total Equity | CN¥9.85 Billion | 100.00% |
Shandong Humon Smelting Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Humon Smelting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EUROCOMM.PR. CERT.10EO 10
F:N4SA
|
$1.48 Billion |
|
Northeast Securities Co Ltd
SHE:000686
|
$1.48 Billion |
|
DIC Corporation
F:DPN
|
$1.48 Billion |
|
Clas Ohlson AB (publ)
ST:CLAS-B
|
$1.48 Billion |
|
S&T Bancorp Inc
NASDAQ:STBA
|
$1.47 Billion |
|
Atlantica Sustainable Infrastructure PLC
NASDAQ:AY
|
$1.47 Billion |
|
Apollo Tyres Limited
NSE:APOLLOTYRE
|
$1.47 Billion |
|
Magyar Telekom Távközlési Nyilvánosan Müködö Részvénytársaság
F:MGYB
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Humon Smelting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,277,962,053 to 9,853,924,884, a change of 575,962,831 (6.2%).
- Net income of 536,715,090 contributed positively to equity growth.
- Dividend payments of 441,603,524 reduced retained earnings.
- Other comprehensive income increased equity by 718,204,487.
- Other factors decreased equity by 237,353,222.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥536.72 Million | +5.45% |
| Dividends Paid | CN¥441.60 Million | -4.48% |
| Other Comprehensive Income | CN¥718.20 Million | +7.29% |
| Other Changes | CN¥-237.35 Million | -2.41% |
| Total Change | CN¥- | 6.21% |
Book Value vs Market Value Analysis
This analysis compares Shandong Humon Smelting 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: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 64.35x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.25 | CN¥16.16 | x |
| 2006-12-31 | CN¥0.34 | CN¥16.16 | x |
| 2007-12-31 | CN¥0.53 | CN¥16.16 | x |
| 2008-12-31 | CN¥1.60 | CN¥16.16 | x |
| 2009-12-31 | CN¥1.58 | CN¥16.16 | x |
| 2010-12-31 | CN¥1.77 | CN¥16.16 | x |
| 2011-12-31 | CN¥3.49 | CN¥16.16 | x |
| 2012-12-31 | CN¥3.42 | CN¥16.16 | x |
| 2013-12-31 | CN¥3.65 | CN¥16.16 | x |
| 2014-12-31 | CN¥3.98 | CN¥16.16 | x |
| 2015-12-31 | CN¥4.05 | CN¥16.16 | x |
| 2016-12-31 | CN¥4.13 | CN¥16.16 | x |
| 2017-12-31 | CN¥4.65 | CN¥16.16 | x |
| 2018-12-31 | CN¥4.83 | CN¥16.16 | x |
| 2019-12-31 | CN¥5.18 | CN¥16.16 | x |
| 2020-12-31 | CN¥6.52 | CN¥16.16 | x |
| 2021-12-31 | CN¥6.80 | CN¥16.16 | x |
| 2022-12-31 | CN¥7.20 | CN¥16.16 | x |
| 2023-12-31 | CN¥8.08 | CN¥16.16 | x |
| 2024-12-31 | CN¥7.53 | CN¥16.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Humon Smelting 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): 5.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.71%
- • Asset Turnover: 3.07x
- • Equity Multiplier: 2.51x
- Recent ROE (5.45%) is below the historical average (11.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 28.37% | 4.98% | 1.41x | 4.05x | CN¥24.19 Million |
| 2006 | 24.86% | 5.68% | 1.03x | 4.24x | CN¥26.04 Million |
| 2007 | 33.18% | 7.81% | 1.37x | 3.11x | CN¥67.75 Million |
| 2008 | 17.10% | 8.83% | 1.15x | 1.68x | CN¥77.97 Million |
| 2009 | 12.34% | 6.03% | 0.83x | 2.47x | CN¥28.47 Million |
| 2010 | 13.95% | 3.84% | 0.89x | 4.06x | CN¥53.92 Million |
| 2011 | 8.59% | 2.62% | 1.19x | 2.75x | CN¥-40.32 Million |
| 2012 | 9.36% | 2.75% | 1.04x | 3.28x | CN¥-19.72 Million |
| 2013 | 6.98% | 1.97% | 1.03x | 3.44x | CN¥-101.07 Million |
| 2014 | 7.04% | 1.63% | 1.37x | 3.15x | CN¥-105.30 Million |
| 2015 | 4.94% | 1.28% | 1.20x | 3.22x | CN¥-185.20 Million |
| 2016 | 5.33% | 1.24% | 1.23x | 3.48x | CN¥-178.26 Million |
| 2017 | 9.46% | 2.01% | 1.53x | 3.07x | CN¥-22.62 Million |
| 2018 | 9.31% | 1.91% | 1.42x | 3.42x | CN¥-29.89 Million |
| 2019 | 6.56% | 1.07% | 1.77x | 3.47x | CN¥-160.28 Million |
| 2020 | 4.89% | 1.02% | 2.02x | 2.39x | CN¥-382.78 Million |
| 2021 | 5.82% | 1.10% | 2.13x | 2.48x | CN¥-326.35 Million |
| 2022 | 6.04% | 1.00% | 2.52x | 2.40x | CN¥-327.38 Million |
| 2023 | 5.56% | 0.79% | 2.99x | 2.36x | CN¥-412.07 Million |
| 2024 | 5.45% | 0.71% | 3.07x | 2.51x | CN¥-448.68 Million |
Industry Comparison
This section compares Shandong Humon Smelting 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: $4,050,550,397
- Average return on equity (ROE) among peers: -2.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Humon Smelting Co Ltd (002237) | CN¥10.22 Billion | 28.37% | 2.07x | $1.48 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $12.84 Billion | 7.75% | 0.90x | $2.31 Billion |
| Shengda Mining Co Ltd (000603) | $137.02 Million | -70.66% | 1.02x | $2.08 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $8.87 Billion | 10.35% | 1.29x | $2.61 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $5.63 Billion | 9.36% | 0.74x | $11.02 Billion |
| Guocheng Mining Co Ltd (000688) | $1.04 Billion | 2.34% | 0.72x | $1.64 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $-3.38 Billion | 0.00% | 0.00x | $885.40 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $8.99 Billion | 0.24% | 1.46x | $1.24 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.60 Billion | 5.40% | 0.11x | $1.57 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.00 Billion | 1.73% | 0.26x | $694.51 Million |
| Yunnan Tin Co Ltd (000960) | $1.77 Billion | 11.99% | 1.41x | $4.62 Billion |