Shandong Dawn Polymer Co Ltd
Shandong Dawn Polymer Co.,Ltd. develops, produces, sells, and services thermoplastic elastomer, modified plastic, master batch, and other products in China and internationally. The company offers TPV/TPE; thermoplastic polyurethanes; modified PP, modified ABS, modified PBT, modified nylon, alloy materials, non-woven melt blown materials, masterbatch, and other special engineering plastics; and bi… Read more
Shandong Dawn Polymer Co Ltd (002838) - Net Assets
Latest net assets as of September 2025: CN¥3.79 Billion CNY
Based on the latest financial reports, Shandong Dawn Polymer Co Ltd (002838) has net assets worth CN¥3.79 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.96 Billion) and total liabilities (CN¥3.17 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.79 Billion |
| % of Total Assets | 54.46% |
| Annual Growth Rate | 29.83% |
| 5-Year Change | 64.81% |
| 10-Year Change | 706.03% |
| Growth Volatility | 28.84 |
Shandong Dawn Polymer Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Shandong Dawn Polymer Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shandong Dawn Polymer Co Ltd (2009–2024)
The table below shows the annual net assets of Shandong Dawn Polymer Co Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.30 Billion | +1.42% |
| 2023-12-31 | CN¥3.25 Billion | +4.65% |
| 2022-12-31 | CN¥3.11 Billion | +41.98% |
| 2021-12-31 | CN¥2.19 Billion | +9.37% |
| 2020-12-31 | CN¥2.00 Billion | +73.75% |
| 2019-12-31 | CN¥1.15 Billion | +15.17% |
| 2018-12-31 | CN¥1.00 Billion | +18.70% |
| 2017-12-31 | CN¥842.51 Million | +7.63% |
| 2016-12-31 | CN¥782.77 Million | +91.31% |
| 2015-12-31 | CN¥409.17 Million | +18.06% |
| 2014-12-31 | CN¥346.58 Million | +16.52% |
| 2013-12-31 | CN¥297.43 Million | +24.40% |
| 2012-12-31 | CN¥239.10 Million | +49.24% |
| 2011-12-31 | CN¥160.21 Million | +30.08% |
| 2010-12-31 | CN¥123.16 Million | +87.52% |
| 2009-12-31 | CN¥65.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Dawn Polymer 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 7695.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.62 Billion | 51.94% |
| Common Stock | CN¥448.05 Million | 14.36% |
| Other Components | CN¥1.05 Billion | 33.70% |
| Total Equity | CN¥3.12 Billion | 100.00% |
Shandong Dawn Polymer Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Dawn Polymer Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forbo Holding AG
PINK:FBOHF
|
$725.82 Million |
|
Criteo S.A
F:CI5A
|
$725.92 Million |
|
Synsam AB
ST:SYNSAM
|
$726.29 Million |
|
State Power Rixin Technology Co. Ltd.
SHE:301162
|
$726.39 Million |
|
TRUSTPILOT GROUP LS -01
F:6VZ
|
$725.22 Million |
|
Nexteer Automotive Group Limited
PINK:NTXVF
|
$725.13 Million |
|
Cpi Property Group SA
XETRA:O5G
|
$725.10 Million |
|
HitGen Inc. A
SHG:688222
|
$724.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Dawn Polymer Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,079,811,285 to 3,119,594,427, a change of 39,783,142 (1.3%).
- Net income of 140,939,719 contributed positively to equity growth.
- Dividend payments of 44,210,434 reduced retained earnings.
- Share repurchases of 69,022,005 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥140.94 Million | +4.52% |
| Dividends Paid | CN¥44.21 Million | -1.42% |
| Share Repurchases | CN¥69.02 Million | -2.21% |
| Other Changes | CN¥12.08 Million | +0.39% |
| Total Change | CN¥- | 1.29% |
Book Value vs Market Value Analysis
This analysis compares Shandong Dawn Polymer 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: 3.84x
- 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 80.12x to 3.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.34 | CN¥27.23 | x |
| 2010-12-31 | CN¥0.55 | CN¥27.23 | x |
| 2011-12-31 | CN¥0.59 | CN¥27.23 | x |
| 2012-12-31 | CN¥0.88 | CN¥27.23 | x |
| 2013-12-31 | CN¥0.94 | CN¥27.23 | x |
| 2014-12-31 | CN¥1.10 | CN¥27.23 | x |
| 2015-12-31 | CN¥1.29 | CN¥27.23 | x |
| 2016-12-31 | CN¥2.53 | CN¥27.23 | x |
| 2017-12-31 | CN¥2.08 | CN¥27.23 | x |
| 2018-12-31 | CN¥2.32 | CN¥27.23 | x |
| 2019-12-31 | CN¥2.69 | CN¥27.23 | x |
| 2020-12-31 | CN¥4.66 | CN¥27.23 | x |
| 2021-12-31 | CN¥5.08 | CN¥27.23 | x |
| 2022-12-31 | CN¥7.09 | CN¥27.23 | x |
| 2023-12-31 | CN¥6.82 | CN¥27.23 | x |
| 2024-12-31 | CN¥7.10 | CN¥27.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Dawn Polymer 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): 4.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.66%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 2.03x
- Recent ROE (4.52%) is below the historical average (15.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 21.46% | 6.42% | 1.56x | 2.14x | CN¥7.20 Million |
| 2010 | 24.09% | 9.13% | 1.45x | 1.83x | CN¥17.35 Million |
| 2011 | 23.77% | 10.34% | 1.25x | 1.84x | CN¥22.06 Million |
| 2012 | 15.43% | 9.52% | 0.96x | 1.68x | CN¥12.98 Million |
| 2013 | 16.03% | 9.13% | 1.06x | 1.66x | CN¥17.17 Million |
| 2014 | 14.22% | 8.12% | 1.03x | 1.70x | CN¥14.00 Million |
| 2015 | 15.29% | 9.56% | 1.06x | 1.51x | CN¥20.73 Million |
| 2016 | 10.40% | 9.92% | 0.79x | 1.32x | CN¥3.02 Million |
| 2017 | 11.13% | 10.04% | 0.94x | 1.18x | CN¥9.55 Million |
| 2018 | 12.96% | 8.99% | 0.79x | 1.83x | CN¥27.95 Million |
| 2019 | 15.32% | 6.08% | 1.43x | 1.77x | CN¥57.71 Million |
| 2020 | 44.45% | 19.34% | 1.49x | 1.54x | CN¥662.73 Million |
| 2021 | 10.82% | 5.31% | 1.35x | 1.51x | CN¥17.17 Million |
| 2022 | 5.08% | 3.37% | 0.92x | 1.65x | CN¥-147.51 Million |
| 2023 | 4.55% | 3.08% | 0.89x | 1.65x | CN¥-167.98 Million |
| 2024 | 4.52% | 2.66% | 0.84x | 2.03x | CN¥-171.02 Million |
Industry Comparison
This section compares Shandong Dawn Polymer Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,201,823,203
- Average return on equity (ROE) among peers: 6.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Dawn Polymer Co Ltd (002838) | CN¥3.79 Billion | 21.46% | 0.84x | $725.28 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $577.65 Million | 10.01% | 0.83x | $291.58 Million |
| Hengyi Petrochemical Co Ltd (000703) | $6.99 Billion | 4.49% | 2.04x | $1.50 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.46 Billion | 0.74% | 0.82x | $375.65 Million |
| Luxi Chemical Group Co Ltd (000830) | $5.61 Billion | 5.45% | 2.19x | $2.40 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $191.02 Million | 12.96% | 1.30x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.65 Billion | 5.07% | 0.31x | $943.36 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.02 Billion | -16.67% | 2.80x | $866.00 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $1.32 Billion | 12.34% | 0.44x | $341.43 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $293.63 Million | 29.71% | 0.73x | $174.80 Million |
| Guangdong Decro Film New (001378) | $1.89 Billion | 4.91% | 0.20x | $240.59 Million |