Shanghai Pret Composites
Shanghai Pret Composites Co., Ltd. engages in the research and development, production, sale, and service of polymer and composite materials in China. It offers modified polyolefin materials use in automotive parts, electronic appliances, aerospace, two-wheeled vehicles, power and energy storage systems, low-altitude flight, robotics, and other fields; and LCP resin, LCP composites, LCP film, and… Read more
Shanghai Pret Composites (002324) - Net Assets
Latest net assets as of September 2025: CN¥4.89 Billion CNY
Based on the latest financial reports, Shanghai Pret Composites (002324) has net assets worth CN¥4.89 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¥13.10 Billion) and total liabilities (CN¥8.21 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¥4.89 Billion |
| % of Total Assets | 37.32% |
| Annual Growth Rate | 26.11% |
| 5-Year Change | 69.23% |
| 10-Year Change | 151.81% |
| Growth Volatility | 111.77 |
Shanghai Pret Composites - Net Assets Trend (2006–2024)
This chart illustrates how Shanghai Pret Composites's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai Pret Composites (2006–2024)
The table below shows the annual net assets of Shanghai Pret Composites from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.63 Billion | -0.20% |
| 2023-12-31 | CN¥4.64 Billion | +49.33% |
| 2022-12-31 | CN¥3.11 Billion | +18.75% |
| 2021-12-31 | CN¥2.62 Billion | -4.38% |
| 2020-12-31 | CN¥2.74 Billion | +14.25% |
| 2019-12-31 | CN¥2.40 Billion | +2.79% |
| 2018-12-31 | CN¥2.33 Billion | +3.30% |
| 2017-12-31 | CN¥2.26 Billion | +6.27% |
| 2016-12-31 | CN¥2.12 Billion | +15.42% |
| 2015-12-31 | CN¥1.84 Billion | +16.27% |
| 2014-12-31 | CN¥1.58 Billion | +9.47% |
| 2013-12-31 | CN¥1.45 Billion | +14.05% |
| 2012-12-31 | CN¥1.27 Billion | +12.01% |
| 2011-12-31 | CN¥1.13 Billion | +7.17% |
| 2010-12-31 | CN¥1.06 Billion | +6.03% |
| 2009-12-31 | CN¥995.66 Million | +497.12% |
| 2008-12-31 | CN¥166.74 Million | +30.44% |
| 2007-12-31 | CN¥127.83 Million | +79.61% |
| 2006-12-31 | CN¥71.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Pret Composites'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 4459.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.85 Billion | 42.96% |
| Common Stock | CN¥1.11 Billion | 25.85% |
| Other Comprehensive Income | CN¥364.93 Million | 8.47% |
| Other Components | CN¥979.57 Million | 22.73% |
| Total Equity | CN¥4.31 Billion | 100.00% |
Shanghai Pret Composites Competitors by Market Cap
The table below lists competitors of Shanghai Pret Composites ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Orient Holdings Co Ltd
SHG:600120
|
$1.29 Billion |
|
Farasis Energy Gan Zhou Co Ltd
SHG:688567
|
$1.29 Billion |
|
GRUPO COM.CHEDRAUI B CL.I
F:2GCB
|
$1.29 Billion |
|
EFG International AG
OTCGREY:EFGIF
|
$1.29 Billion |
|
KSB SE & Co. KGaA
F:KSB3
|
$1.29 Billion |
|
SIX FLAGS E.
F:6FE0
|
$1.29 Billion |
|
Ola Electric Mobility Ltd
NSE:OLAELEC
|
$1.29 Billion |
|
Vitrolife AB (publ)
PINK:VTRLY
|
$1.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Pret Composites's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,316,249,794 to 4,310,191,589, a change of -6,058,205 (-0.1%).
- Net income of 141,145,346 contributed positively to equity growth.
- Dividend payments of 190,876,512 reduced retained earnings.
- Share repurchases of 75,946,398 reduced equity.
- Other comprehensive income increased equity by 38,129,292.
- Other factors increased equity by 81,490,067.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥141.15 Million | +3.27% |
| Dividends Paid | CN¥190.88 Million | -4.43% |
| Share Repurchases | CN¥75.95 Million | -1.76% |
| Other Comprehensive Income | CN¥38.13 Million | +0.88% |
| Other Changes | CN¥81.49 Million | +1.89% |
| Total Change | CN¥- | -0.14% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Pret Composites'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: 4.06x
- 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 131.07x to 4.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.12 | CN¥15.91 | x |
| 2007-12-31 | CN¥0.22 | CN¥15.91 | x |
| 2008-12-31 | CN¥0.27 | CN¥15.91 | x |
| 2009-12-31 | CN¥1.60 | CN¥15.91 | x |
| 2010-12-31 | CN¥1.28 | CN¥15.91 | x |
| 2011-12-31 | CN¥1.39 | CN¥15.91 | x |
| 2012-12-31 | CN¥1.55 | CN¥15.91 | x |
| 2013-12-31 | CN¥1.76 | CN¥15.91 | x |
| 2014-12-31 | CN¥1.94 | CN¥15.91 | x |
| 2015-12-31 | CN¥2.23 | CN¥15.91 | x |
| 2016-12-31 | CN¥2.59 | CN¥15.91 | x |
| 2017-12-31 | CN¥2.75 | CN¥15.91 | x |
| 2018-12-31 | CN¥2.82 | CN¥15.91 | x |
| 2019-12-31 | CN¥2.36 | CN¥15.91 | x |
| 2020-12-31 | CN¥2.66 | CN¥15.91 | x |
| 2021-12-31 | CN¥2.58 | CN¥15.91 | x |
| 2022-12-31 | CN¥2.82 | CN¥15.91 | x |
| 2023-12-31 | CN¥4.11 | CN¥15.91 | x |
| 2024-12-31 | CN¥3.92 | CN¥15.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Pret Composites 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): 3.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.70%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.72x
- Recent ROE (3.27%) is below the historical average (11.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 25.68% | 7.12% | 1.97x | 1.83x | CN¥11.16 Million |
| 2007 | 27.89% | 9.62% | 1.54x | 1.88x | CN¥22.88 Million |
| 2008 | 23.34% | 10.70% | 1.38x | 1.58x | CN¥22.24 Million |
| 2009 | 9.65% | 19.62% | 0.42x | 1.17x | CN¥-3.49 Million |
| 2010 | 9.52% | 12.45% | 0.68x | 1.13x | CN¥-5.02 Million |
| 2011 | 7.78% | 9.50% | 0.70x | 1.17x | CN¥-25.10 Million |
| 2012 | 12.52% | 13.09% | 0.79x | 1.21x | CN¥31.89 Million |
| 2013 | 13.65% | 11.54% | 0.84x | 1.40x | CN¥52.74 Million |
| 2014 | 12.39% | 9.68% | 0.90x | 1.42x | CN¥37.82 Million |
| 2015 | 14.16% | 9.34% | 0.96x | 1.59x | CN¥76.44 Million |
| 2016 | 13.09% | 8.80% | 0.92x | 1.62x | CN¥65.62 Million |
| 2017 | 7.72% | 5.13% | 0.89x | 1.70x | CN¥-51.40 Million |
| 2018 | 3.11% | 1.97% | 0.94x | 1.68x | CN¥-160.47 Million |
| 2019 | 6.90% | 4.58% | 0.92x | 1.63x | CN¥-74.25 Million |
| 2020 | 14.67% | 8.90% | 1.01x | 1.63x | CN¥125.88 Million |
| 2021 | 0.91% | 0.49% | 1.05x | 1.77x | CN¥-236.63 Million |
| 2022 | 7.12% | 2.99% | 0.79x | 3.03x | CN¥-81.83 Million |
| 2023 | 10.85% | 5.38% | 0.73x | 2.76x | CN¥36.75 Million |
| 2024 | 3.27% | 1.70% | 0.71x | 2.72x | CN¥-289.87 Million |
Industry Comparison
This section compares Shanghai Pret Composites's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,626,916,213
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Pret Composites (002324) | CN¥4.89 Billion | 25.68% | 1.68x | $1.29 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $6.22 Billion | 3.15% | 2.45x | $677.73 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $1.22 Billion | 8.90% | 0.47x | $2.89 Billion |
| Zangge Holding Co Ltd (000408) | $13.85 Billion | 18.63% | 0.09x | $11.87 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $31.03 Million | 11.65% | 3.42x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $258.76 Million | 6.78% | 0.30x | $423.89 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $225.85 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $184.46 Million | 13.30% | 2.58x | $295.21 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $691.87 Million | 1.61% | 0.02x | $187.22 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.01 Billion | 7.14% | 1.28x | $240.44 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $759.12 Million | 13.65% | 0.22x | $412.94 Million |