Shandong Head Co Ltd (002810) - Net Assets
Based on the latest financial reports, Shandong Head Co Ltd (002810) has net assets worth CN¥2.32 Billion CNY (≈ $339.23 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¥4.07 Billion ≈ $595.13 Million USD) and total liabilities (CN¥1.75 Billion ≈ $255.90 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 Shandong Head Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.32 Billion |
| % of Total Assets | 57.0% |
| Annual Growth Rate | 19.94% |
| 5-Year Change | 83.63% |
| 10-Year Change | 459.75% |
| Growth Volatility | 13.79 |
Shandong Head Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shandong Head Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shandong Head Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shandong Head Co Ltd (2011–2024)
The table below shows the annual net assets of Shandong Head Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002810 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.21 Billion ≈ $323.37 Million |
+5.49% |
| 2023-12-31 | CN¥2.09 Billion ≈ $306.55 Million |
+11.33% |
| 2022-12-31 | CN¥1.88 Billion ≈ $275.36 Million |
+21.54% |
| 2021-12-31 | CN¥1.55 Billion ≈ $226.56 Million |
+28.66% |
| 2020-12-31 | CN¥1.20 Billion ≈ $176.09 Million |
+28.85% |
| 2019-12-31 | CN¥933.94 Million ≈ $136.66 Million |
+20.96% |
| 2018-12-31 | CN¥772.08 Million ≈ $112.98 Million |
+13.67% |
| 2017-12-31 | CN¥679.25 Million ≈ $99.40 Million |
+6.96% |
| 2016-12-31 | CN¥635.05 Million ≈ $92.93 Million |
+60.86% |
| 2015-12-31 | CN¥394.79 Million ≈ $57.77 Million |
+10.59% |
| 2014-12-31 | CN¥356.98 Million ≈ $52.24 Million |
+14.99% |
| 2013-12-31 | CN¥310.45 Million ≈ $45.43 Million |
+18.23% |
| 2012-12-31 | CN¥262.58 Million ≈ $38.42 Million |
+26.33% |
| 2011-12-31 | CN¥207.85 Million ≈ $30.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Head 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 1273.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.47 Billion | 66.74% |
| Common Stock | CN¥348.14 Million | 15.75% |
| Other Comprehensive Income | CN¥101.53 Million | 4.59% |
| Other Components | CN¥285.25 Million | 12.91% |
| Total Equity | CN¥2.21 Billion | 100.00% |
Shandong Head Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Head Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ATAI Life Sciences BV
NASDAQ:ATAI
|
$1.37 Billion |
|
Sino Wealth Electronic Ltd
SHE:300327
|
$1.37 Billion |
|
Shoals Technologies Group Inc
NASDAQ:SHLS
|
$1.37 Billion |
|
Sichuan Haite High-tech Co Ltd
SHE:002023
|
$1.37 Billion |
|
Global Ship Lease Inc
NYSE:GSL
|
$1.36 Billion |
|
Sinosteel Engineering and Technology Co Ltd
SHE:000928
|
$1.36 Billion |
|
Science Environmental Protection Co. Ltd. A
SHG:688480
|
$1.36 Billion |
|
Kennedy-Wilson Holdings Inc
NYSE:KW
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Head Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,094,899,074 to 2,209,833,000, a change of 114,933,926 (5.5%).
- Net income of 221,634,871 contributed positively to equity growth.
- Dividend payments of 130,664,338 reduced retained earnings.
- Share repurchases of 12,900,720 reduced equity.
- Other comprehensive income increased equity by 2,491,066.
- Other factors increased equity by 34,373,047.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥221.63 Million | +10.03% |
| Dividends Paid | CN¥130.66 Million | -5.91% |
| Share Repurchases | CN¥12.90 Million | -0.58% |
| Other Comprehensive Income | CN¥2.49 Million | +0.11% |
| Other Changes | CN¥34.37 Million | +1.56% |
| Total Change | CN¥- | 5.49% |
Book Value vs Market Value Analysis
This analysis compares Shandong Head 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: 4.26x
- 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 29.92x to 4.26x 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¥0.89 | CN¥26.74 | x |
| 2012-12-31 | CN¥1.12 | CN¥26.74 | x |
| 2013-12-31 | CN¥1.33 | CN¥26.74 | x |
| 2014-12-31 | CN¥1.51 | CN¥26.74 | x |
| 2015-12-31 | CN¥1.67 | CN¥26.74 | x |
| 2016-12-31 | CN¥2.43 | CN¥26.74 | x |
| 2017-12-31 | CN¥2.17 | CN¥26.74 | x |
| 2018-12-31 | CN¥2.37 | CN¥26.74 | x |
| 2019-12-31 | CN¥2.83 | CN¥26.74 | x |
| 2020-12-31 | CN¥3.73 | CN¥26.74 | x |
| 2021-12-31 | CN¥4.56 | CN¥26.74 | x |
| 2022-12-31 | CN¥5.48 | CN¥26.74 | x |
| 2023-12-31 | CN¥6.09 | CN¥26.74 | x |
| 2024-12-31 | CN¥6.28 | CN¥26.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Head 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): 10.03%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.33%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.88x
- Recent ROE (10.03%) is below the historical average (15.71%), 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 | 22.28% | 13.00% | 1.18x | 1.45x | CN¥25.53 Million |
| 2012 | 26.29% | 15.16% | 1.03x | 1.69x | CN¥42.78 Million |
| 2013 | 20.03% | 13.54% | 0.75x | 1.96x | CN¥31.15 Million |
| 2014 | 15.66% | 10.60% | 0.74x | 1.99x | CN¥19.88 Million |
| 2015 | 12.65% | 9.94% | 0.63x | 2.00x | CN¥10.32 Million |
| 2016 | 7.63% | 8.45% | 0.63x | 1.44x | CN¥-14.95 Million |
| 2017 | 6.86% | 7.11% | 0.59x | 1.64x | CN¥-21.20 Million |
| 2018 | 9.70% | 8.04% | 0.69x | 1.75x | CN¥-2.30 Million |
| 2019 | 17.24% | 14.16% | 0.75x | 1.62x | CN¥66.17 Million |
| 2020 | 20.96% | 19.27% | 0.77x | 1.40x | CN¥131.89 Million |
| 2021 | 21.28% | 21.12% | 0.59x | 1.70x | CN¥174.71 Million |
| 2022 | 18.80% | 20.53% | 0.52x | 1.77x | CN¥165.65 Million |
| 2023 | 10.51% | 14.15% | 0.41x | 1.81x | CN¥10.72 Million |
| 2024 | 10.03% | 11.33% | 0.47x | 1.88x | CN¥651.57K |
Industry Comparison
This section compares Shandong Head Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,515,935,693
- Average return on equity (ROE) among peers: 10.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Head Co Ltd (002810) | CN¥2.32 Billion | 22.28% | 0.75x | $1.37 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $672.68 Million | 30.27% | 1.18x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $7.37 Billion | 5.79% | 2.23x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $18.07 Billion | 25.56% | 0.78x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.06 Billion | 0.44% | 0.74x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $12.51 Billion | 8.46% | 0.45x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.89 Billion | 14.40% | 0.47x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.96 Billion | 3.24% | 2.27x | $605.40 Million |
About Shandong Head Co Ltd
Shandong Head Group Co.,Ltd. engages in the scientific research, development, production, and sale of non-ionic cellulose ether products in the People's Republic of China and internationally. Its products include building material grade hydroxypropyl methyl cellulose (HPMC); pharmaceutical grade HPMC for use in coating materials, controlled release preparations, and vegetable capsules; and food g… Read more