Anhui Fengxing Wear Resistant Materials Co Ltd (002760) - Net Assets
Based on the latest financial reports, Anhui Fengxing Wear Resistant Materials Co Ltd (002760) has net assets worth CN¥826.94 Million CNY (≈ $121.01 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¥1.23 Billion ≈ $180.45 Million USD) and total liabilities (CN¥406.24 Million ≈ $59.45 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 002760 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥826.94 Million |
| % of Total Assets | 67.06% |
| Annual Growth Rate | 7.29% |
| 5-Year Change | 12.43% |
| 10-Year Change | 41.65% |
| Growth Volatility | 16.14 |
Anhui Fengxing Wear Resistant Materials Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Anhui Fengxing Wear Resistant Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002760 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Anhui Fengxing Wear Resistant Materials Co Ltd (2011–2024)
The table below shows the annual net assets of Anhui Fengxing Wear Resistant Materials Co Ltd from 2011 to 2024. For live valuation and market cap data, see Anhui Fengxing Wear Resistant Materials market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥809.88 Million ≈ $118.51 Million |
-10.64% |
| 2023-12-31 | CN¥906.35 Million ≈ $132.63 Million |
-8.22% |
| 2022-12-31 | CN¥987.49 Million ≈ $144.50 Million |
+6.72% |
| 2021-12-31 | CN¥925.28 Million ≈ $135.40 Million |
+28.45% |
| 2020-12-31 | CN¥720.34 Million ≈ $105.41 Million |
+11.50% |
| 2019-12-31 | CN¥646.06 Million ≈ $94.54 Million |
+25.98% |
| 2018-12-31 | CN¥512.84 Million ≈ $75.04 Million |
+6.31% |
| 2017-12-31 | CN¥482.38 Million ≈ $70.59 Million |
-15.52% |
| 2016-12-31 | CN¥570.99 Million ≈ $83.55 Million |
-0.13% |
| 2015-12-31 | CN¥571.76 Million ≈ $83.67 Million |
+44.85% |
| 2014-12-31 | CN¥394.72 Million ≈ $57.76 Million |
+10.39% |
| 2013-12-31 | CN¥357.56 Million ≈ $52.32 Million |
+1.79% |
| 2012-12-31 | CN¥351.29 Million ≈ $51.40 Million |
+8.25% |
| 2011-12-31 | CN¥324.51 Million ≈ $47.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Anhui Fengxing Wear Resistant Materials 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 171.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥248.21 Million | 30.65% |
| Common Stock | CN¥107.99 Million | 13.33% |
| Other Components | CN¥453.69 Million | 56.02% |
| Total Equity | CN¥809.88 Million | 100.00% |
Anhui Fengxing Wear Resistant Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Fengxing Wear Resistant Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongwha Enterprise Co.Ltd
KQ:025900
|
$359.58 Million |
|
Pioneer Bancorp Inc
NASDAQ:PBFS
|
$359.66 Million |
|
Ace Hardware Indonesia Tbk
JK:ACES
|
$359.76 Million |
|
Career Technology MFG Co Ltd
TW:6153
|
$359.77 Million |
|
YG-1 Co. Ltd
KQ:019210
|
$359.49 Million |
|
The Erawan Group Public Company Limited
BK:ERW
|
$359.48 Million |
|
Civeo Corp
NYSE:CVEO
|
$359.39 Million |
|
Magnetic Resources NL
AU:MAUCA
|
$359.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Fengxing Wear Resistant Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 906,346,021 to 809,884,587, a change of -96,461,434 (-10.6%).
- Net loss of 60,829,451 reduced equity.
- Dividend payments of 16,588,803 reduced retained earnings.
- Share repurchases of 25,002,095 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-60.83 Million | -7.51% |
| Dividends Paid | CN¥16.59 Million | -2.05% |
| Share Repurchases | CN¥25.00 Million | -3.09% |
| Other Changes | CN¥5.96 Million | +0.74% |
| Total Change | CN¥- | -10.64% |
Book Value vs Market Value Analysis
This analysis compares Anhui Fengxing Wear Resistant Materials 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: 2.99x
- 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 5.17x to 2.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥4.40 | CN¥22.75 | x |
| 2012-12-31 | CN¥4.75 | CN¥22.75 | x |
| 2013-12-31 | CN¥5.44 | CN¥22.75 | x |
| 2014-12-31 | CN¥5.95 | CN¥22.75 | x |
| 2015-12-31 | CN¥7.52 | CN¥22.75 | x |
| 2016-12-31 | CN¥6.70 | CN¥22.75 | x |
| 2017-12-31 | CN¥5.50 | CN¥22.75 | x |
| 2018-12-31 | CN¥5.89 | CN¥22.75 | x |
| 2019-12-31 | CN¥6.58 | CN¥22.75 | x |
| 2020-12-31 | CN¥7.28 | CN¥22.75 | x |
| 2021-12-31 | CN¥9.98 | CN¥22.75 | x |
| 2022-12-31 | CN¥9.14 | CN¥22.75 | x |
| 2023-12-31 | CN¥8.36 | CN¥22.75 | x |
| 2024-12-31 | CN¥7.62 | CN¥22.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Fengxing Wear Resistant Materials 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): -7.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.34%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.56x
- Recent ROE (-7.51%) is below the historical average (5.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 16.58% | 6.99% | 0.81x | 2.93x | CN¥18.50 Million |
| 2012 | 14.32% | 6.84% | 0.75x | 2.77x | CN¥13.60 Million |
| 2013 | 11.94% | 7.41% | 0.74x | 2.17x | CN¥6.95 Million |
| 2014 | 9.41% | 7.12% | 0.56x | 2.36x | CN¥-2.31 Million |
| 2015 | 5.06% | 6.93% | 0.40x | 1.82x | CN¥-28.27 Million |
| 2016 | 1.79% | 3.33% | 0.29x | 1.87x | CN¥-46.87 Million |
| 2017 | -17.64% | -23.15% | 0.40x | 1.90x | CN¥-133.33 Million |
| 2018 | 5.94% | 6.50% | 0.52x | 1.76x | CN¥-20.82 Million |
| 2019 | 11.43% | 10.83% | 0.49x | 2.16x | CN¥8.25 Million |
| 2020 | 13.50% | 12.27% | 0.52x | 2.10x | CN¥22.43 Million |
| 2021 | 10.32% | 10.10% | 0.59x | 1.73x | CN¥2.95 Million |
| 2022 | 6.33% | 7.65% | 0.46x | 1.80x | CN¥-36.29 Million |
| 2023 | -6.58% | -8.63% | 0.46x | 1.64x | CN¥-150.27 Million |
| 2024 | -7.51% | -10.34% | 0.46x | 1.56x | CN¥-141.82 Million |
Industry Comparison
This section compares Anhui Fengxing Wear Resistant Materials Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,438,601,019
- Average return on equity (ROE) among peers: 14.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Fengxing Wear Resistant Materials Co Ltd (002760) | CN¥826.94 Million | 16.58% | 0.49x | $359.50 Million |
| China International Marine Containers Group Ltd (000039) | $15.83 Billion | 6.06% | 1.36x | $4.17 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $173.81 Million | 3.39% | 0.48x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.31 Billion | 2.26% | 0.75x | $411.84 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.73 Billion | 3.33% | 0.42x | $1.17 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $1.81 Billion | 5.91% | 0.16x | $1.60 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $613.74 Million | 27.25% | 0.30x | $1.85 Billion |
| Dajin Heavy Industry Corp (002487) | $127.95 Million | 47.21% | 0.98x | $7.84 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $1.03 Billion | 6.46% | 0.73x | $358.24 Million |
| Guangzheng Group Co Ltd (002524) | $341.38 Million | 10.82% | 4.36x | $332.55 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $435.46 Million | 37.06% | 4.62x | $1.96 Billion |
About Anhui Fengxing Wear Resistant Materials Co Ltd
Fengxing Co., Ltd. researches and develops, produces, sells, and services metal casting wear-resistant materials under the Phoenix and Fengxing brand names in China. The company offers grinding mediums, resistant steel products, mill liners, resist materials, hammer crushers, counterattack crushers, jaw crushers, and cooling machines. Its products are used in metallurgical mining, building materi… Read more