Sinomine Resource Exploration Co Ltd (002738) - Net Assets
Based on the latest financial reports, Sinomine Resource Exploration Co Ltd (002738) has net assets worth CN¥12.30 Billion CNY (≈ $1.80 Billion 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¥18.19 Billion ≈ $2.66 Billion USD) and total liabilities (CN¥5.88 Billion ≈ $860.78 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 Sinomine Resource Exploration Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.30 Billion |
| % of Total Assets | 67.65% |
| Annual Growth Rate | 34.25% |
| 5-Year Change | 293.6% |
| 10-Year Change | 2119.58% |
| Growth Volatility | 54.84 |
Sinomine Resource Exploration Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Sinomine Resource Exploration Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002738 total assets for the complete picture of this company's asset base.
Annual Net Assets for Sinomine Resource Exploration Co Ltd (2007–2024)
The table below shows the annual net assets of Sinomine Resource Exploration Co Ltd from 2007 to 2024. For live valuation and market cap data, see Sinomine Resource Exploration Co Ltd (002738) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.49 Billion ≈ $1.83 Billion |
+2.16% |
| 2023-12-31 | CN¥12.22 Billion ≈ $1.79 Billion |
+62.23% |
| 2022-12-31 | CN¥7.53 Billion ≈ $1.10 Billion |
+85.08% |
| 2021-12-31 | CN¥4.07 Billion ≈ $595.70 Million |
+28.31% |
| 2020-12-31 | CN¥3.17 Billion ≈ $464.27 Million |
+17.08% |
| 2019-12-31 | CN¥2.71 Billion ≈ $396.53 Million |
+24.59% |
| 2018-12-31 | CN¥2.18 Billion ≈ $318.28 Million |
+216.61% |
| 2017-12-31 | CN¥686.97 Million ≈ $100.53 Million |
+2.05% |
| 2016-12-31 | CN¥673.20 Million ≈ $98.51 Million |
+19.65% |
| 2015-12-31 | CN¥562.63 Million ≈ $82.33 Million |
-9.55% |
| 2014-12-31 | CN¥622.06 Million ≈ $91.03 Million |
+43.30% |
| 2013-12-31 | CN¥434.09 Million ≈ $63.52 Million |
+4.66% |
| 2012-12-31 | CN¥414.78 Million ≈ $60.69 Million |
+20.55% |
| 2011-12-31 | CN¥344.07 Million ≈ $50.35 Million |
+120.03% |
| 2009-12-31 | CN¥156.37 Million ≈ $22.88 Million |
+38.77% |
| 2008-12-31 | CN¥112.69 Million ≈ $16.49 Million |
+35.00% |
| 2007-12-31 | CN¥83.47 Million ≈ $12.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinomine Resource Exploration 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 38794.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.15 Billion | 50.47% |
| Common Stock | CN¥721.49 Million | 5.92% |
| Other Components | CN¥5.31 Billion | 43.60% |
| Total Equity | CN¥12.18 Billion | 100.00% |
Sinomine Resource Exploration Co Ltd Competitors by Market Cap
The table below lists competitors of Sinomine Resource Exploration Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xizang Haisco Pharmaceutical Group Co Ltd
SHE:002653
|
$9.59 Billion |
|
JAPAN EX UN.ADR 1/2 O.N.
F:OSKU
|
$9.61 Billion |
|
News Corp A
NASDAQ:NWSA
|
$9.61 Billion |
|
Unigroup Guoxin Microelectronics Co Ltd
SHE:002049
|
$9.61 Billion |
|
Epiroc AB (publ)
ST:EPI-B
|
$9.58 Billion |
|
Enlight Renewable Energy Ltd
TA:ENLT
|
$9.58 Billion |
|
Klepierre SA
PA:LI
|
$9.57 Billion |
|
AVIC Aircraft Co Ltd
SHE:000768
|
$9.56 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinomine Resource Exploration Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,177,935,356 to 12,181,272,440, a change of 3,337,084 (0.0%).
- Net income of 756,974,639 contributed positively to equity growth.
- Dividend payments of 831,382,170 reduced retained earnings.
- Other comprehensive income increased equity by 224,201,970.
- Other factors decreased equity by 146,457,355.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥756.97 Million | +6.21% |
| Dividends Paid | CN¥831.38 Million | -6.83% |
| Other Comprehensive Income | CN¥224.20 Million | +1.84% |
| Other Changes | CN¥-146.46 Million | -1.2% |
| Total Change | CN¥- | 0.03% |
Book Value vs Market Value Analysis
This analysis compares Sinomine Resource Exploration 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: 5.37x
- 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 187.61x to 5.37x 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¥0.48 | CN¥90.79 | x |
| 2008-12-31 | CN¥0.63 | CN¥90.79 | x |
| 2009-12-31 | CN¥0.84 | CN¥90.79 | x |
| 2011-12-31 | CN¥0.98 | CN¥90.79 | x |
| 2012-12-31 | CN¥1.13 | CN¥90.79 | x |
| 2013-12-31 | CN¥1.18 | CN¥90.79 | x |
| 2014-12-31 | CN¥1.73 | CN¥90.79 | x |
| 2015-12-31 | CN¥1.57 | CN¥90.79 | x |
| 2016-12-31 | CN¥1.80 | CN¥90.79 | x |
| 2017-12-31 | CN¥1.79 | CN¥90.79 | x |
| 2018-12-31 | CN¥5.20 | CN¥90.79 | x |
| 2019-12-31 | CN¥5.13 | CN¥90.79 | x |
| 2020-12-31 | CN¥5.81 | CN¥90.79 | x |
| 2021-12-31 | CN¥4.22 | CN¥90.79 | x |
| 2022-12-31 | CN¥11.38 | CN¥90.79 | x |
| 2023-12-31 | CN¥17.03 | CN¥90.79 | x |
| 2024-12-31 | CN¥16.89 | CN¥90.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinomine Resource Exploration 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): 6.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.11%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.41x
- Recent ROE (6.21%) is below the historical average (15.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 26.71% | 15.24% | 1.29x | 1.36x | CN¥13.65 Million |
| 2008 | 24.17% | 16.35% | 1.06x | 1.39x | CN¥15.74 Million |
| 2009 | 23.20% | 19.60% | 0.92x | 1.28x | CN¥20.26 Million |
| 2011 | 23.85% | 25.37% | 0.83x | 1.13x | CN¥47.92 Million |
| 2012 | 16.87% | 22.55% | 0.57x | 1.31x | CN¥27.45 Million |
| 2013 | 11.73% | 14.85% | 0.56x | 1.40x | CN¥7.22 Million |
| 2014 | 7.36% | 14.55% | 0.39x | 1.31x | CN¥-16.12 Million |
| 2015 | 8.85% | 14.20% | 0.44x | 1.40x | CN¥-6.36 Million |
| 2016 | 8.08% | 14.86% | 0.37x | 1.48x | CN¥-12.66 Million |
| 2017 | 8.13% | 10.13% | 0.54x | 1.50x | CN¥-12.62 Million |
| 2018 | 5.13% | 12.78% | 0.26x | 1.51x | CN¥-105.25 Million |
| 2019 | 5.18% | 12.02% | 0.28x | 1.52x | CN¥-130.21 Million |
| 2020 | 5.50% | 13.66% | 0.26x | 1.55x | CN¥-142.35 Million |
| 2021 | 13.82% | 23.26% | 0.39x | 1.51x | CN¥155.36 Million |
| 2022 | 43.88% | 40.97% | 0.70x | 1.53x | CN¥2.54 Billion |
| 2023 | 18.13% | 36.72% | 0.38x | 1.30x | CN¥990.37 Million |
| 2024 | 6.21% | 14.11% | 0.31x | 1.41x | CN¥-461.15 Million |
Industry Comparison
This section compares Sinomine Resource Exploration 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: $1,959,266,320
- Average return on equity (ROE) among peers: -2.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinomine Resource Exploration Co Ltd (002738) | CN¥12.30 Billion | 26.71% | 0.48x | $9.59 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $3.76 Billion | 32.01% | 1.11x | $4.18 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $5.38 Billion | 10.51% | 0.74x | $11.01 Billion |
| Shengda Mining Co Ltd (000603) | $137.02 Million | -70.66% | 1.02x | $3.68 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $4.41 Billion | 10.92% | 0.64x | $4.95 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $614.81 Million | -14.57% | 0.74x | $19.40 Billion |
| Guocheng Mining Co Ltd (000688) | $511.55 Million | 16.02% | 1.88x | $8.93 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.76 Billion | 0.23% | 1.29x | $1.44 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $804.76 Million | -0.58% | 0.69x | $2.04 Billion |
| Tibet Mineral Development Co Ltd (000762) | $451.19 Million | -13.05% | 0.45x | $2.95 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $768.04 Million | 1.24% | 0.33x | $1.53 Billion |
About Sinomine Resource Exploration Co Ltd
Sinomine Resource Group Co., Ltd. engages in the development and utilization of lithium battery new energy raw materials, rare light metals, and solid minerals in China and internationally. The company engages in the mining of lithium, cesium, and rubidium; development of hard rock lithium mines; processing of lithium concentrates; acquisition and exploration of mineral rights; and provision of m… Read more