Fujian Minfa Aluminium Co Ltd (002578) - Net Assets
Based on the latest financial reports, Fujian Minfa Aluminium Co Ltd (002578) has net assets worth CN¥1.52 Billion CNY (≈ $222.41 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¥2.51 Billion ≈ $366.99 Million USD) and total liabilities (CN¥988.01 Million ≈ $144.58 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 002578 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.52 Billion |
| % of Total Assets | 60.6% |
| Annual Growth Rate | 13.55% |
| 5-Year Change | 6.19% |
| 10-Year Change | 55.34% |
| Growth Volatility | 61.36 |
Fujian Minfa Aluminium Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Fujian Minfa Aluminium Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Fujian Minfa Aluminium Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Fujian Minfa Aluminium Co Ltd (2008–2024)
The table below shows the annual net assets of Fujian Minfa Aluminium Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002578 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.53 Billion ≈ $223.41 Million |
-1.27% |
| 2023-12-31 | CN¥1.55 Billion ≈ $226.29 Million |
+1.82% |
| 2022-12-31 | CN¥1.52 Billion ≈ $222.25 Million |
+3.48% |
| 2021-12-31 | CN¥1.47 Billion ≈ $214.78 Million |
+2.09% |
| 2020-12-31 | CN¥1.44 Billion ≈ $210.39 Million |
+3.81% |
| 2019-12-31 | CN¥1.38 Billion ≈ $202.66 Million |
-8.16% |
| 2018-12-31 | CN¥1.51 Billion ≈ $220.67 Million |
+1.21% |
| 2017-12-31 | CN¥1.49 Billion ≈ $218.04 Million |
+2.42% |
| 2016-12-31 | CN¥1.45 Billion ≈ $212.90 Million |
+48.03% |
| 2015-12-31 | CN¥982.81 Million ≈ $143.82 Million |
-1.41% |
| 2014-12-31 | CN¥996.91 Million ≈ $145.88 Million |
+3.66% |
| 2013-12-31 | CN¥961.76 Million ≈ $140.74 Million |
+4.97% |
| 2012-12-31 | CN¥916.22 Million ≈ $134.07 Million |
+0.76% |
| 2011-12-31 | CN¥909.31 Million ≈ $133.06 Million |
+254.03% |
| 2010-12-31 | CN¥256.85 Million ≈ $37.59 Million |
+24.47% |
| 2009-12-31 | CN¥206.36 Million ≈ $30.20 Million |
+3.24% |
| 2008-12-31 | CN¥199.88 Million ≈ $29.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Minfa Aluminium 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 1012.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥425.89 Million | 27.90% |
| Common Stock | CN¥938.63 Million | 61.48% |
| Other Components | CN¥162.11 Million | 10.62% |
| Total Equity | CN¥1.53 Billion | 100.00% |
Fujian Minfa Aluminium Co Ltd Competitors by Market Cap
The table below lists competitors of Fujian Minfa Aluminium Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Jiuhuashan Tourism Dvlp
SHG:603199
|
$582.41 Million |
|
Hebei Gongda Keya Energy Technology Co. Ltd. A
SHE:301197
|
$582.43 Million |
|
V-Mart Retail Limited
NSE:VMART
|
$582.44 Million |
|
Caribbean Utilities Company Ltd
TO:CUP-U
|
$582.50 Million |
|
Fine Semitech Corp
KQ:036810
|
$582.28 Million |
|
Nanfang Black Sesame Group Co Ltd
SHE:000716
|
$582.17 Million |
|
Xingye Leather Technology Co Ltd
SHE:002674
|
$582.12 Million |
|
RattanIndia Power Limited
NSE:RTNPOWER
|
$581.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Minfa Aluminium Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,543,469,818 to 1,526,628,559, a change of -16,841,259 (-1.1%).
- Net income of 20,774,111 contributed positively to equity growth.
- Dividend payments of 38,405,896 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥20.77 Million | +1.36% |
| Dividends Paid | CN¥38.41 Million | -2.52% |
| Other Changes | CN¥790.53K | +0.05% |
| Total Change | CN¥- | -1.09% |
Book Value vs Market Value Analysis
This analysis compares Fujian Minfa Aluminium 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: 2.61x
- 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 13.39x to 2.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.32 | CN¥4.24 | x |
| 2009-12-31 | CN¥0.32 | CN¥4.24 | x |
| 2010-12-31 | CN¥0.40 | CN¥4.24 | x |
| 2011-12-31 | CN¥1.17 | CN¥4.24 | x |
| 2012-12-31 | CN¥1.08 | CN¥4.24 | x |
| 2013-12-31 | CN¥1.12 | CN¥4.24 | x |
| 2014-12-31 | CN¥1.12 | CN¥4.24 | x |
| 2015-12-31 | CN¥1.02 | CN¥4.24 | x |
| 2016-12-31 | CN¥1.64 | CN¥4.24 | x |
| 2017-12-31 | CN¥1.55 | CN¥4.24 | x |
| 2018-12-31 | CN¥1.68 | CN¥4.24 | x |
| 2019-12-31 | CN¥1.47 | CN¥4.24 | x |
| 2020-12-31 | CN¥1.53 | CN¥4.24 | x |
| 2021-12-31 | CN¥1.56 | CN¥4.24 | x |
| 2022-12-31 | CN¥1.62 | CN¥4.24 | x |
| 2023-12-31 | CN¥1.72 | CN¥4.24 | x |
| 2024-12-31 | CN¥1.63 | CN¥4.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Minfa Aluminium 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): 1.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.93%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.53x
- Recent ROE (1.36%) is below the historical average (5.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 13.90% | 5.33% | 1.05x | 2.49x | CN¥7.79 Million |
| 2009 | 17.95% | 7.60% | 0.94x | 2.51x | CN¥16.41 Million |
| 2010 | 20.36% | 8.79% | 1.09x | 2.13x | CN¥26.62 Million |
| 2011 | 6.34% | 8.11% | 0.69x | 1.14x | CN¥-33.27 Million |
| 2012 | 4.46% | 3.91% | 0.89x | 1.27x | CN¥-50.27 Million |
| 2013 | 4.84% | 3.99% | 0.95x | 1.28x | CN¥-49.13 Million |
| 2014 | 3.57% | 2.68% | 1.01x | 1.32x | CN¥-63.50 Million |
| 2015 | 1.96% | 1.67% | 0.90x | 1.31x | CN¥-78.36 Million |
| 2016 | 1.22% | 1.70% | 0.62x | 1.17x | CN¥-127.07 Million |
| 2017 | 2.58% | 3.12% | 0.72x | 1.15x | CN¥-110.01 Million |
| 2018 | 2.38% | 2.51% | 0.83x | 1.14x | CN¥-114.43 Million |
| 2019 | 3.40% | 3.21% | 0.86x | 1.22x | CN¥-91.43 Million |
| 2020 | 4.37% | 3.94% | 0.88x | 1.26x | CN¥-80.86 Million |
| 2021 | 3.97% | 2.60% | 1.13x | 1.36x | CN¥-88.43 Million |
| 2022 | 3.29% | 1.79% | 1.17x | 1.57x | CN¥-101.74 Million |
| 2023 | 1.74% | 0.95% | 1.08x | 1.69x | CN¥-127.48 Million |
| 2024 | 1.36% | 0.93% | 0.96x | 1.53x | CN¥-131.89 Million |
Industry Comparison
This section compares Fujian Minfa Aluminium Co Ltd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $8,254,064,714
- Average return on equity (ROE) among peers: 5.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Minfa Aluminium Co Ltd (002578) | CN¥1.52 Billion | 13.90% | 0.65x | $582.37 Million |
| Jiaozuo Wanfang Aluminum (000612) | $4.52 Billion | 2.19% | 0.61x | $2.31 Billion |
| Yunnan Aluminium Co Ltd (000807) | $20.91 Billion | 15.94% | 0.81x | $16.00 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $21.20 Billion | 35.74% | 1.85x | $10.20 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $5.09 Billion | 5.90% | 0.50x | $981.91 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $2.90 Billion | -14.82% | 1.20x | $757.15 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $875.30 Million | 4.75% | 1.04x | $2.42 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.34 Billion | 4.01% | 0.35x | $546.16 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $1.31 Billion | -26.39% | 2.86x | $45.15 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $282.59 Million | 18.96% | 1.83x | $659.74 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $24.11 Billion | 9.15% | 1.37x | $11.28 Billion |
About Fujian Minfa Aluminium Co Ltd
Fujian Minfa Aluminium Inc. develops, processes, and sells aluminum alloy extruded profiles for architecture, general engineering, and industry fields in China. The company offers sliding, casement, and insulated windows and doors; railings and shutters; aluminum formwork and aluminum plates; and curtainwall building profiles. It also provides industrial profiles, including luggage, decorating, a… Read more