Shanghai Pret Composites (002324) - Net Assets

Latest as of September 2025: CN¥4.89 Billion CNY ≈ $715.09 Million USD

Based on the latest financial reports, Shanghai Pret Composites (002324) has net assets worth CN¥4.89 Billion CNY (≈ $715.09 Million USD) 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 ≈ $1.92 Billion USD) and total liabilities (CN¥8.21 Billion ≈ $1.20 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 Shanghai Pret Composites liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 002324 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 002324 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥4.63 Billion ≈ $677.85 Million	-0.20%
2023-12-31	CN¥4.64 Billion ≈ $679.19 Million	+49.33%
2022-12-31	CN¥3.11 Billion ≈ $454.82 Million	+18.75%
2021-12-31	CN¥2.62 Billion ≈ $383.02 Million	-4.38%
2020-12-31	CN¥2.74 Billion ≈ $400.56 Million	+14.25%
2019-12-31	CN¥2.40 Billion ≈ $350.60 Million	+2.79%
2018-12-31	CN¥2.33 Billion ≈ $341.08 Million	+3.30%
2017-12-31	CN¥2.26 Billion ≈ $330.18 Million	+6.27%
2016-12-31	CN¥2.12 Billion ≈ $310.70 Million	+15.42%
2015-12-31	CN¥1.84 Billion ≈ $269.19 Million	+16.27%
2014-12-31	CN¥1.58 Billion ≈ $231.53 Million	+9.47%
2013-12-31	CN¥1.45 Billion ≈ $211.51 Million	+14.05%
2012-12-31	CN¥1.27 Billion ≈ $185.46 Million	+12.01%
2011-12-31	CN¥1.13 Billion ≈ $165.56 Million	+7.17%
2010-12-31	CN¥1.06 Billion ≈ $154.48 Million	+6.03%
2009-12-31	CN¥995.66 Million ≈ $145.70 Million	+497.12%
2008-12-31	CN¥166.74 Million ≈ $24.40 Million	+30.44%
2007-12-31	CN¥127.83 Million ≈ $18.71 Million	+79.61%
2006-12-31	CN¥71.17 Million ≈ $10.42 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
Shenzhen SDG Information Co Ltd SHE:000070	$2.38 Billion
P/F Bakkafrost F:6BF	$2.38 Billion
Sinofibers Technology Co Ltd SHE:300777	$2.38 Billion
Jones Tech PLC Class A SHE:300684	$2.38 Billion
China National Building Material Company Limited F:D1Y	$2.38 Billion
Arcus Biosciences Inc NYSE:RCUS	$2.38 Billion
Soulbrain Co. Ltd KQ:357780	$2.38 Billion
A-Zenith Home Furnishings Co Ltd SHG:603389	$2.38 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: 3.73x
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 120.52x to 3.73x 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¥14.63	x
2007-12-31	CN¥0.22	CN¥14.63	x
2008-12-31	CN¥0.27	CN¥14.63	x
2009-12-31	CN¥1.60	CN¥14.63	x
2010-12-31	CN¥1.28	CN¥14.63	x
2011-12-31	CN¥1.39	CN¥14.63	x
2012-12-31	CN¥1.55	CN¥14.63	x
2013-12-31	CN¥1.76	CN¥14.63	x
2014-12-31	CN¥1.94	CN¥14.63	x
2015-12-31	CN¥2.23	CN¥14.63	x
2016-12-31	CN¥2.59	CN¥14.63	x
2017-12-31	CN¥2.75	CN¥14.63	x
2018-12-31	CN¥2.82	CN¥14.63	x
2019-12-31	CN¥2.36	CN¥14.63	x
2020-12-31	CN¥2.66	CN¥14.63	x
2021-12-31	CN¥2.58	CN¥14.63	x
2022-12-31	CN¥2.82	CN¥14.63	x
2023-12-31	CN¥4.11	CN¥14.63	x
2024-12-31	CN¥3.92	CN¥14.63	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: $2,526,275,526
Average return on equity (ROE) among peers: 14.16%

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	$2.38 Billion
North Huajin Chemical Industries Co Ltd (000059)	$12.66 Billion	14.57%	1.45x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$7.35 Billion	4.73%	1.50x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$246.65 Million	3.47%	1.71x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$477.67 Million	1.53%	1.45x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.17 Billion	5.97%	1.33x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$313.50 Million	0.80%	0.55x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$54.68 Million	39.27%	1.16x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.67 Billion	1.91%	0.16x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$220.98 Million	19.06%	0.40x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$93.73 Million	50.32%	1.49x	$4.87 Billion

About Shanghai Pret Composites

SHE:002324 China Chemicals

Market Cap

$2.38 Billion

CN¥16.27 Billion CNY

Market Cap Rank

#5631 Global

#1158 in China

Share Price

CN¥14.63

Change (1 day)

-2.40%

52-Week Range

CN¥9.90 - CN¥23.90

All Time High

CN¥23.90