Sichuan Anning Iron and Titanium Co
Sichuan Anning Iron and Titanium Co.,Ltd. engages in the mining, washing, and sale of mechanical titanium magnetite in China. It offers ilmenite concentrate and titanium concentrate products. The company was founded in 1994 and is headquartered in Panzhihua City, China.
Sichuan Anning Iron and Titanium Co (002978) - Net Assets
Latest net assets as of September 2025: CN¥8.59 Billion CNY
Based on the latest financial reports, Sichuan Anning Iron and Titanium Co (002978) has net assets worth CN¥8.59 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¥16.68 Billion) and total liabilities (CN¥8.09 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¥8.59 Billion |
| % of Total Assets | 51.47% |
| Annual Growth Rate | 25.08% |
| 5-Year Change | 102.79% |
| 10-Year Change | 747.53% |
| Growth Volatility | 18.37 |
Sichuan Anning Iron and Titanium Co - Net Assets Trend (2014–2024)
This chart illustrates how Sichuan Anning Iron and Titanium Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sichuan Anning Iron and Titanium Co (2014–2024)
The table below shows the annual net assets of Sichuan Anning Iron and Titanium Co from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥8.19 Billion | +35.24% |
| 2023-12-31 | CN¥6.06 Billion | +10.99% |
| 2022-12-31 | CN¥5.46 Billion | +13.49% |
| 2021-12-31 | CN¥4.81 Billion | +19.04% |
| 2020-12-31 | CN¥4.04 Billion | +72.04% |
| 2019-12-31 | CN¥2.35 Billion | +27.64% |
| 2018-12-31 | CN¥1.84 Billion | +12.46% |
| 2017-12-31 | CN¥1.64 Billion | +42.36% |
| 2016-12-31 | CN¥1.15 Billion | +18.88% |
| 2015-12-31 | CN¥966.35 Million | +10.65% |
| 2014-12-31 | CN¥873.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Anning Iron and Titanium Co'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 640.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.69 Billion | 57.65% |
| Common Stock | CN¥471.99 Million | 5.80% |
| Other Comprehensive Income | CN¥377.26 Million | 4.63% |
| Other Components | CN¥2.60 Billion | 31.92% |
| Total Equity | CN¥8.14 Billion | 100.00% |
Sichuan Anning Iron and Titanium Co Competitors by Market Cap
The table below lists competitors of Sichuan Anning Iron and Titanium Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equity Bancshares, Inc.
NYSE:EQBK
|
$612.26 Million |
|
Zhejiang Southeast Space Frame Co Ltd
SHE:002135
|
$613.09 Million |
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
$613.36 Million |
|
SATS ASA NK 2125
F:2S0
|
$613.52 Million |
|
AMERISAFE Inc
NASDAQ:AMSF
|
$612.03 Million |
|
CJ Korea Express
KO:000120
|
$611.91 Million |
|
Thungela Resources Limited
PINK:TNGRF
|
$611.86 Million |
|
GCM Grosvenor Inc
NASDAQ:GCMG
|
$611.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Anning Iron and Titanium Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,006,024,822 to 8,140,633,282, a change of 2,134,608,460 (35.5%).
- Net income of 851,629,456 contributed positively to equity growth.
- Dividend payments of 410,534,394 reduced retained earnings.
- Share repurchases of 17,084,918 reduced equity.
- Other comprehensive income increased equity by 377,260,469.
- Other factors increased equity by 1,333,337,847.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥851.63 Million | +10.46% |
| Dividends Paid | CN¥410.53 Million | -5.04% |
| Share Repurchases | CN¥17.08 Million | -0.21% |
| Other Comprehensive Income | CN¥377.26 Million | +4.63% |
| Other Changes | CN¥1.33 Billion | +16.38% |
| Total Change | CN¥- | 35.54% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Anning Iron and Titanium Co'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: 1.76x
- 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 11.84x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥3.02 | CN¥35.72 | x |
| 2015-12-31 | CN¥3.34 | CN¥35.72 | x |
| 2016-12-31 | CN¥3.77 | CN¥35.72 | x |
| 2017-12-31 | CN¥4.54 | CN¥35.72 | x |
| 2018-12-31 | CN¥5.10 | CN¥35.72 | x |
| 2019-12-31 | CN¥5.85 | CN¥35.72 | x |
| 2020-12-31 | CN¥10.07 | CN¥35.72 | x |
| 2021-12-31 | CN¥11.99 | CN¥35.72 | x |
| 2022-12-31 | CN¥13.61 | CN¥35.72 | x |
| 2023-12-31 | CN¥14.98 | CN¥35.72 | x |
| 2024-12-31 | CN¥20.34 | CN¥35.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Anning Iron and Titanium Co 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): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 45.86%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.17x
- Recent ROE (10.46%) is below the historical average (19.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 17.49% | 18.25% | 0.37x | 2.60x | CN¥65.40 Million |
| 2015 | 6.89% | 9.09% | 0.31x | 2.42x | CN¥-30.08 Million |
| 2016 | 10.60% | 16.50% | 0.30x | 2.15x | CN¥6.86 Million |
| 2017 | 33.66% | 42.77% | 0.50x | 1.59x | CN¥386.94 Million |
| 2018 | 26.65% | 39.91% | 0.47x | 1.43x | CN¥306.30 Million |
| 2019 | 22.12% | 37.76% | 0.45x | 1.30x | CN¥284.44 Million |
| 2020 | 17.35% | 42.81% | 0.34x | 1.18x | CN¥296.70 Million |
| 2021 | 29.85% | 62.31% | 0.41x | 1.17x | CN¥954.32 Million |
| 2022 | 20.06% | 54.85% | 0.30x | 1.20x | CN¥549.11 Million |
| 2023 | 15.59% | 50.45% | 0.26x | 1.19x | CN¥335.80 Million |
| 2024 | 10.46% | 45.86% | 0.20x | 1.17x | CN¥37.57 Million |
Industry Comparison
This section compares Sichuan Anning Iron and Titanium Co'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: $4,050,550,397
- Average return on equity (ROE) among peers: -2.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Anning Iron and Titanium Co (002978) | CN¥8.59 Billion | 17.49% | 0.94x | $612.25 Million |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $12.84 Billion | 7.75% | 0.90x | $2.31 Billion |
| Shengda Mining Co Ltd (000603) | $137.02 Million | -70.66% | 1.02x | $2.08 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $8.87 Billion | 10.35% | 1.29x | $2.61 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $5.63 Billion | 9.36% | 0.74x | $11.02 Billion |
| Guocheng Mining Co Ltd (000688) | $1.04 Billion | 2.34% | 0.72x | $1.64 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $-3.38 Billion | 0.00% | 0.00x | $885.40 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $8.99 Billion | 0.24% | 1.46x | $1.24 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.60 Billion | 5.40% | 0.11x | $1.57 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.00 Billion | 1.73% | 0.26x | $694.51 Million |
| Yunnan Tin Co Ltd (000960) | $1.77 Billion | 11.99% | 1.41x | $4.62 Billion |