Shandong Polymer Biochemicals Co Ltd (002476) - Net Assets
Based on the latest financial reports, Shandong Polymer Biochemicals Co Ltd (002476) has net assets worth CN¥960.11 Million CNY (≈ $140.49 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¥1.13 Billion ≈ $165.76 Million USD) and total liabilities (CN¥172.64 Million ≈ $25.26 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 financial resilience of Shandong Polymer Biochemicals Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥960.11 Million |
| % of Total Assets | 84.76% |
| Annual Growth Rate | 12.17% |
| 5-Year Change | 12.77% |
| 10-Year Change | -15.78% |
| Growth Volatility | 86.73 |
Shandong Polymer Biochemicals Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Shandong Polymer Biochemicals Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002476 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Polymer Biochemicals Co Ltd (2007–2024)
The table below shows the annual net assets of Shandong Polymer Biochemicals Co Ltd from 2007 to 2024. For live valuation and market cap data, see Shandong Polymer Biochemicals Co Ltd (002476) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥926.98 Million ≈ $135.65 Million |
+5.69% |
| 2023-12-31 | CN¥877.06 Million ≈ $128.34 Million |
+0.86% |
| 2022-12-31 | CN¥869.61 Million ≈ $127.25 Million |
+3.53% |
| 2021-12-31 | CN¥839.98 Million ≈ $122.92 Million |
+2.19% |
| 2020-12-31 | CN¥822.02 Million ≈ $120.29 Million |
+1.63% |
| 2019-12-31 | CN¥808.83 Million ≈ $118.36 Million |
+12.63% |
| 2018-12-31 | CN¥718.15 Million ≈ $105.09 Million |
-27.34% |
| 2017-12-31 | CN¥988.35 Million ≈ $144.63 Million |
-4.56% |
| 2016-12-31 | CN¥1.04 Billion ≈ $151.54 Million |
-5.91% |
| 2015-12-31 | CN¥1.10 Billion ≈ $161.06 Million |
-3.09% |
| 2014-12-31 | CN¥1.14 Billion ≈ $166.20 Million |
+13.25% |
| 2013-12-31 | CN¥1.00 Billion ≈ $146.75 Million |
+2.98% |
| 2012-12-31 | CN¥973.87 Million ≈ $142.51 Million |
+5.20% |
| 2011-12-31 | CN¥925.70 Million ≈ $135.46 Million |
+7.29% |
| 2010-12-31 | CN¥862.76 Million ≈ $126.25 Million |
+369.00% |
| 2009-12-31 | CN¥183.96 Million ≈ $26.92 Million |
+10.65% |
| 2008-12-31 | CN¥166.25 Million ≈ $24.33 Million |
+26.36% |
| 2007-12-31 | CN¥131.57 Million ≈ $19.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Polymer Biochemicals 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 162.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥83.22 Million | 8.98% |
| Common Stock | CN¥612.00 Million | 66.02% |
| Other Comprehensive Income | CN¥1.88 Million | 0.20% |
| Other Components | CN¥229.88 Million | 24.80% |
| Total Equity | CN¥926.98 Million | 100.00% |
Shandong Polymer Biochemicals Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Polymer Biochemicals Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$536.49 Million |
|
SANTANDER UK 8 5/8% NON-CUM STLG PRF
LSE:SANB
|
$536.49 Million |
|
Harbin Medisan Pharmaceutical Co Ltd
SHE:002900
|
$536.53 Million |
|
Strive Asset Management
NASDAQ:ASST
|
$536.54 Million |
|
Obrascon Huarte Lain SA
MC:OHLA
|
$536.39 Million |
|
Canadian Banc Corp
TO:BK
|
$536.38 Million |
|
Flytech Technology Co Ltd
TW:6206
|
$536.36 Million |
|
Pepper Money Ltd
AU:PPM
|
$536.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Polymer Biochemicals Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 877,057,000 to 926,981,000, a change of 49,924,000 (5.7%).
- Net income of 56,394,000 contributed positively to equity growth.
- Dividend payments of 7,025,000 reduced retained earnings.
- Other comprehensive income decreased equity by 339,994.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥56.39 Million | +6.08% |
| Dividends Paid | CN¥7.03 Million | -0.76% |
| Other Comprehensive Income | CN¥-339.99K | -0.04% |
| Other Changes | CN¥894.99K | +0.1% |
| Total Change | CN¥- | 5.69% |
Book Value vs Market Value Analysis
This analysis compares Shandong Polymer Biochemicals 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: 3.96x
- 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 16.01x to 3.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.37 | CN¥5.99 | x |
| 2008-12-31 | CN¥0.42 | CN¥5.99 | x |
| 2009-12-31 | CN¥0.46 | CN¥5.99 | x |
| 2010-12-31 | CN¥1.96 | CN¥5.99 | x |
| 2011-12-31 | CN¥1.71 | CN¥5.99 | x |
| 2012-12-31 | CN¥1.58 | CN¥5.99 | x |
| 2013-12-31 | CN¥1.63 | CN¥5.99 | x |
| 2014-12-31 | CN¥1.66 | CN¥5.99 | x |
| 2015-12-31 | CN¥1.66 | CN¥5.99 | x |
| 2016-12-31 | CN¥1.61 | CN¥5.99 | x |
| 2017-12-31 | CN¥1.61 | CN¥5.99 | x |
| 2018-12-31 | CN¥1.17 | CN¥5.99 | x |
| 2019-12-31 | CN¥1.32 | CN¥5.99 | x |
| 2020-12-31 | CN¥1.34 | CN¥5.99 | x |
| 2021-12-31 | CN¥1.37 | CN¥5.99 | x |
| 2022-12-31 | CN¥1.42 | CN¥5.99 | x |
| 2023-12-31 | CN¥1.44 | CN¥5.99 | x |
| 2024-12-31 | CN¥1.51 | CN¥5.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Polymer Biochemicals 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): 6.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.47%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.13x
- Recent ROE (6.08%) is above the historical average (4.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 19.60% | 5.76% | 1.27x | 2.68x | CN¥12.63 Million |
| 2008 | 20.86% | 6.39% | 1.44x | 2.27x | CN¥18.06 Million |
| 2009 | 23.27% | 10.21% | 1.09x | 2.08x | CN¥24.42 Million |
| 2010 | 6.59% | 11.02% | 0.56x | 1.07x | CN¥-29.46 Million |
| 2011 | 7.32% | 12.49% | 0.55x | 1.07x | CN¥-24.77 Million |
| 2012 | 5.29% | 8.82% | 0.55x | 1.09x | CN¥-45.55 Million |
| 2013 | 4.71% | 6.85% | 0.61x | 1.12x | CN¥-52.76 Million |
| 2014 | 4.71% | 7.18% | 0.49x | 1.34x | CN¥-53.90 Million |
| 2015 | 2.38% | 3.25% | 0.48x | 1.52x | CN¥-77.45 Million |
| 2016 | 1.50% | 1.65% | 0.62x | 1.47x | CN¥-83.97 Million |
| 2017 | 0.84% | 2.02% | 0.32x | 1.29x | CN¥-90.56 Million |
| 2018 | -36.77% | -58.70% | 0.43x | 1.47x | CN¥-335.90 Million |
| 2019 | 11.28% | 21.89% | 0.43x | 1.19x | CN¥10.36 Million |
| 2020 | 1.60% | 2.95% | 0.44x | 1.23x | CN¥-69.02 Million |
| 2021 | 2.14% | 2.73% | 0.66x | 1.18x | CN¥-66.05 Million |
| 2022 | 3.42% | 5.01% | 0.57x | 1.20x | CN¥-57.26 Million |
| 2023 | 0.60% | 1.35% | 0.40x | 1.10x | CN¥-82.47 Million |
| 2024 | 6.08% | 10.47% | 0.51x | 1.13x | CN¥-36.30 Million |
Industry Comparison
This section compares Shandong Polymer Biochemicals Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,168,939,029
- Average return on equity (ROE) among peers: 40.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Polymer Biochemicals Co Ltd (002476) | CN¥960.11 Million | 19.60% | 0.18x | $536.43 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $1.75 Billion | 1.31% | 0.67x | $1.22 Billion |
| Sichuan Chemical Co Ltd (000155) | $452.40 Million | 20.36% | 1.97x | $4.51 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $3.23 Billion | 19.53% | 0.36x | $12.43 Billion |
| Zangge Holding Co Ltd (000408) | $193.59 Million | 324.78% | 1.98x | $20.15 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.10 Billion | 7.29% | 1.92x | $1.56 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $753.99 Million | 12.59% | 0.56x | $449.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $671.47 Million | 0.77% | 1.87x | $881.48 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $710.39 Million | 13.66% | 4.24x | $484.46 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $723.47 Million | 1.02% | 0.01x | $363.63 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $12.10 Billion | 0.56% | 0.92x | $4.71 Billion |
About Shandong Polymer Biochemicals Co Ltd
Shandong Polymer Biochemicals Co., Ltd., together with its subsidiaries, produces and sells chemicals for oil and gas exploitation in China and internationally. The company offers monomers, surface active agent, and polymers. It also provides oil field stimulation and oil recovery technical services; and environmental protection water treatment products and technical services. The company was fou… Read more