Shandong Head Co Ltd Net Assets
Shandong Head Co Ltd net assets. Based on the latest financial reports, Shandong Head Co Ltd (002810) has net assets worth CN¥2.43 Billion CNY (≈ $355.36 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.37 Billion ≈ $640.05 Million USD) and total liabilities (CN¥1.95 Billion ≈ $284.69 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. Also explore 002810 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.43 Billion |
| % of Total Assets | 55.52% |
| Annual Growth Rate | 18.56% |
| 5-Year Change | 45.61% |
| 10-Year Change | 254.99% |
| Growth Volatility | 14.13 |
Net Assets of Shandong Head Co Ltd (2011–2025)
Net assets of Shandong Head Co Ltd from 2011 to 2025. This chart illustrates how Shandong Head Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shandong Head Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Shandong Head Co Ltd (2011–2025)
The table below shows the annual net assets of Shandong Head Co Ltd from 2011 to 2025. For live market cap and overall valuation, see 002810 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.25 Billion ≈ $329.88 Million |
+2.01% |
| 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 1365.0% over the analyzed period, indicating profitable operations and earnings retention.
Shandong Head Co Ltd Net Assets Breakdown (December 2025)
Shandong Head Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.57 Billion | 71.75% |
| Other Components | CN¥619.37 Million | 28.25% |
| Total Equity | CN¥2.19 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 |
|---|---|
|
D-MARKET E.S.+T.SP.ADR/1B
F:8WZ
|
$834.81 Million |
|
Forum Energy Technologies Inc
NYSE:FET
|
$834.81 Million |
|
PARATUS ENERGY SERVICES LTD
OL:PLSV
|
$834.82 Million |
|
JM AB (publ)
ST:JM
|
$835.09 Million |
|
Shenzhen Asiantime International Construction Co Ltd
SHE:002811
|
$834.62 Million |
|
Mirae Asset Daewoo Co Ltd Pref
KO:00680K
|
$834.39 Million |
|
Abacus Global Management, Inc.
NYSE:ABX
|
$834.17 Million |
|
TTET Union Corp
TW:1232
|
$834.13 Million |
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 2024 to 2025, total equity changed from 2,209,833,000 to 2,192,665,368, a change of -17,167,632 (-0.8%).
- Net income of 150,415,900 contributed positively to equity growth.
- Dividend payments of 49,664,340 reduced retained earnings.
- Other comprehensive income decreased equity by 101,532,589.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥150.42 Million | +6.86% |
| Dividends Paid | CN¥49.66 Million | -2.27% |
| Other Comprehensive Income | CN¥-101.53 Million | -4.63% |
| Other Changes | CN¥-16.39 Million | -0.75% |
| Total Change | CN¥- | -0.78% |
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: 2.56x
- 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 18.34x to 2.56x 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¥16.39 | x |
| 2012-12-31 | CN¥1.12 | CN¥16.39 | x |
| 2013-12-31 | CN¥1.33 | CN¥16.39 | x |
| 2014-12-31 | CN¥1.51 | CN¥16.39 | x |
| 2015-12-31 | CN¥1.67 | CN¥16.39 | x |
| 2016-12-31 | CN¥2.45 | CN¥16.39 | x |
| 2017-12-31 | CN¥2.16 | CN¥16.39 | x |
| 2018-12-31 | CN¥2.37 | CN¥16.39 | x |
| 2019-12-31 | CN¥2.83 | CN¥16.39 | x |
| 2020-12-31 | CN¥3.72 | CN¥16.39 | x |
| 2021-12-31 | CN¥4.56 | CN¥16.39 | x |
| 2022-12-31 | CN¥5.48 | CN¥16.39 | x |
| 2023-12-31 | CN¥6.09 | CN¥16.39 | x |
| 2024-12-31 | CN¥6.28 | CN¥16.39 | x |
| 2025-12-31 | CN¥6.41 | CN¥16.39 | 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): 6.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.85%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.85x
- Recent ROE (6.86%) is below the historical average (15.12%), 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 |
| 2025 | 6.86% | 7.85% | 0.47x | 1.85x | CN¥-68.85 Million |
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: $1,129,490,062
- Average return on equity (ROE) among peers: 1.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Head Co Ltd (002810) | CN¥2.43 Billion | 22.28% | 0.80x | $834.65 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $52.85 Million | 22.79% | 1.49x | $354.68 Million |
| Hengyi Petrochemical Co Ltd (000703) | $207.78 Million | -7.69% | 0.69x | $7.74 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $928.69 Million | 2.92% | 0.77x | $682.18 Million |
| Luxi Chemical Group Co Ltd (000830) | $599.53 Million | 12.23% | 0.85x | $3.00 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $527.61 Million | 8.55% | 0.40x | $7.39 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.02 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.79 Billion | 5.66% | 2.30x | $1.29 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $2.36 Billion | 12.38% | 0.36x | $747.44 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.88 Billion | 8.19% | 0.59x | $1.84 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $1.86 Billion | -45.62% | 7.40x | $458.83 Million |
About Shandong Head Co Ltd
Shandong Head Group Co.,Ltd. engages in the production and sales of water-soluble polymer compound series, food additives, and cellulose plant products in the People's Republic of China and internationally. The company offers non-ionic cellulose ethers which provide various cellulose ether products, including hydroxypropyl methyl cellulose (HPMC), hydroxyethyl methyl cellulose, ethyl cellulose, a… Read more