Shandong Humon Smelting Co Ltd (002237) - Net Assets

Latest as of December 2025: CN¥13.26 Billion CNY ≈ $1.94 Billion USD

Based on the latest financial reports, Shandong Humon Smelting Co Ltd (002237) has net assets worth CN¥13.26 Billion CNY (≈ $1.94 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥36.97 Billion ≈ $5.41 Billion USD) and total liabilities (CN¥23.72 Billion ≈ $3.47 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 Shandong Humon Smelting Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥13.26 Billion
% of Total Assets	35.85%
Annual Growth Rate	25.94%
5-Year Change	70.54%
10-Year Change	246.21%
Growth Volatility	52.79

Shandong Humon Smelting Co Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Shandong Humon Smelting Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002237 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Shandong Humon Smelting Co Ltd (2005–2025)

The table below shows the annual net assets of Shandong Humon Smelting Co Ltd from 2005 to 2025. For live valuation and market cap data, see Shandong Humon Smelting Co Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥13.26 Billion ≈ $1.94 Billion	+36.17%
2024-12-31	CN¥9.73 Billion ≈ $1.42 Billion	+6.07%
2023-12-31	CN¥9.18 Billion ≈ $1.34 Billion	+12.02%
2022-12-31	CN¥8.19 Billion ≈ $1.20 Billion	+5.40%
2021-12-31	CN¥7.77 Billion ≈ $1.14 Billion	+3.90%
2020-12-31	CN¥7.48 Billion ≈ $1.09 Billion	+60.89%
2019-12-31	CN¥4.65 Billion ≈ $680.44 Million	+6.50%
2018-12-31	CN¥4.37 Billion ≈ $638.92 Million	-4.21%
2017-12-31	CN¥4.56 Billion ≈ $666.97 Million	+19.04%
2016-12-31	CN¥3.83 Billion ≈ $560.30 Million	+4.30%
2015-12-31	CN¥3.67 Billion ≈ $537.20 Million	+2.36%
2014-12-31	CN¥3.59 Billion ≈ $524.84 Million	+5.82%
2013-12-31	CN¥3.39 Billion ≈ $496.00 Million	+7.53%
2012-12-31	CN¥3.15 Billion ≈ $461.28 Million	+9.12%
2011-12-31	CN¥2.89 Billion ≈ $422.73 Million	+97.92%
2010-12-31	CN¥1.46 Billion ≈ $213.59 Million	+20.00%
2009-12-31	CN¥1.22 Billion ≈ $177.99 Million	+10.51%
2008-12-31	CN¥1.10 Billion ≈ $161.07 Million	+227.48%
2007-12-31	CN¥336.11 Million ≈ $49.18 Million	+91.82%
2006-12-31	CN¥175.22 Million ≈ $25.64 Million	+33.09%
2005-12-31	CN¥131.66 Million ≈ $19.27 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 9098.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥4.87 Billion	36.64%
Common Stock	CN¥1.43 Billion	10.76%
Other Comprehensive Income	CN¥1.19 Billion	8.99%
Other Components	CN¥5.80 Billion	43.61%
Total Equity	CN¥13.29 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
Clearway Energy Inc Class C NYSE:CWEN	$3.48 Billion
VEON Ltd NASDAQ:VEON	$3.48 Billion
Xiamen Amoytop Biotech Co Ltd SHG:688278	$3.48 Billion
Bandhan Bank Limited NSE:BANDHANBNK	$3.48 Billion
Cofinimmo SA BR:COFB	$3.47 Billion
Zhejiang Provincial New Energy Investment Group Co Ltd SHG:600032	$3.47 Billion
PT Indofood Sukses Makmur Tbk JK:INDF	$3.47 Billion
Copa Holdings S.A F:C2H	$3.47 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 2024 to 2025, total equity changed from 9,853,924,884 to 13,293,497,858, a change of 3,439,572,974 (34.9%).
Net income of 637,653,078 contributed positively to equity growth.
Dividend payments of 161,877,786 reduced retained earnings.
Other comprehensive income decreased equity by 363,522,401.
Other factors increased equity by 3,327,320,083.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥637.65 Million	+4.8%
Dividends Paid	CN¥161.88 Million	-1.22%
Other Comprehensive Income	CN¥-363.52 Million	-2.73%
Other Changes	CN¥3.33 Billion	+25.03%
Total Change	CN¥-	34.91%

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: 1.59x
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 66.14x to 1.59x 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¥16.61	x
2006-12-31	CN¥0.34	CN¥16.61	x
2007-12-31	CN¥0.61	CN¥16.61	x
2008-12-31	CN¥1.60	CN¥16.61	x
2009-12-31	CN¥1.58	CN¥16.61	x
2010-12-31	CN¥1.84	CN¥16.61	x
2011-12-31	CN¥3.49	CN¥16.61	x
2012-12-31	CN¥3.42	CN¥16.61	x
2013-12-31	CN¥3.65	CN¥16.61	x
2014-12-31	CN¥3.98	CN¥16.61	x
2015-12-31	CN¥4.05	CN¥16.61	x
2016-12-31	CN¥4.13	CN¥16.61	x
2017-12-31	CN¥5.03	CN¥16.61	x
2018-12-31	CN¥4.84	CN¥16.61	x
2019-12-31	CN¥5.18	CN¥16.61	x
2020-12-31	CN¥6.52	CN¥16.61	x
2021-12-31	CN¥6.80	CN¥16.61	x
2022-12-31	CN¥7.20	CN¥16.61	x
2023-12-31	CN¥8.08	CN¥16.61	x
2024-12-31	CN¥7.53	CN¥16.61	x
2025-12-31	CN¥10.42	CN¥16.61	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): 4.80%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.57%
• Asset Turnover: 3.04x
• Equity Multiplier: 2.78x
Recent ROE (4.80%) is below the historical average (10.68%), 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	28.85%	7.81%	1.30x	2.85x	CN¥63.37 Million
2008	17.06%	8.83%	1.15x	1.68x	CN¥77.73 Million
2009	12.34%	6.03%	0.83x	2.47x	CN¥28.47 Million
2010	13.44%	3.84%	0.87x	4.03x	CN¥48.72 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%	1.05x	3.38x	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	8.75%	2.01%	1.47x	2.95x	CN¥-56.76 Million
2018	9.31%	1.91%	1.42x	3.42x	CN¥-30.22 Million
2019	6.56%	1.07%	1.77x	3.47x	CN¥-160.28 Million
2020	4.89%	1.02%	2.01x	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
2025	4.80%	0.57%	3.04x	2.78x	CN¥-691.70 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: $4,199,174,310
Average return on equity (ROE) among peers: -4.01%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Humon Smelting Co Ltd (002237)	CN¥13.26 Billion	28.37%	1.79x	$3.48 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060)	$10.72 Billion	8.58%	0.82x	$4.18 Billion
Inner Mongolia Xingye Mining Co Ltd (000426)	$1.33 Billion	1.42%	1.40x	$11.01 Billion
Shengda Mining Co Ltd (000603)	$3.91 Billion	3.79%	0.68x	$3.68 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629)	$8.87 Billion	10.35%	1.29x	$4.95 Billion
China Tungsten and Hightech Materials Co Ltd (000657)	$3.87 Billion	3.20%	0.89x	$19.40 Billion
Guocheng Mining Co Ltd (000688)	$1.10 Billion	0.92%	1.62x	$8.93 Billion
Huludao Zinc Industry Co Ltd (000751)	$3.00 Billion	2.20%	1.74x	$1.44 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758)	$8.46 Billion	0.49%	1.25x	$2.04 Billion
Tibet Mineral Development Co Ltd (000762)	$525.07 Million	0.19%	0.44x	$2.95 Billion
Innuovo Technology Co Ltd Class A (000795)	$222.51 Million	-71.28%	5.89x	$1.53 Billion

About Shandong Humon Smelting Co Ltd

SHE:002237 China Other Industrial Metals & Mining

Market Cap

$3.48 Billion

CN¥23.75 Billion CNY

Market Cap Rank

#4522 Global

#811 in China

Share Price

CN¥16.61

Change (1 day)

-2.06%

52-Week Range

CN¥10.71 - CN¥22.95

All Time High

CN¥22.95