Sichuan Anning Iron and Titanium Co (002978) - Net Assets
Based on the latest financial reports, Sichuan Anning Iron and Titanium Co (002978) has net assets worth CN¥8.81 Billion CNY (≈ $1.29 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥17.69 Billion ≈ $2.59 Billion USD) and total liabilities (CN¥8.88 Billion ≈ $1.30 Billion 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 002978 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.81 Billion |
| % of Total Assets | 49.79% |
| Annual Growth Rate | 23.2% |
| 5-Year Change | 80.32% |
| 10-Year Change | 654.69% |
| Growth Volatility | 18.47 |
Sichuan Anning Iron and Titanium Co - Net Assets Trend (2014–2025)
This chart illustrates how Sichuan Anning Iron and Titanium Co's net assets have evolved over time, based on quarterly financial data. See Sichuan Anning Iron and Titanium Co liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Anning Iron and Titanium Co (2014–2025)
The table below shows the annual net assets of Sichuan Anning Iron and Titanium Co from 2014 to 2025. For live valuation and market cap data, see how much is Sichuan Anning Iron and Titanium Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.67 Billion ≈ $1.27 Billion |
+5.86% |
| 2024-12-31 | CN¥8.19 Billion ≈ $1.20 Billion |
+35.24% |
| 2023-12-31 | CN¥6.06 Billion ≈ $886.15 Million |
+10.92% |
| 2022-12-31 | CN¥5.46 Billion ≈ $798.88 Million |
+13.55% |
| 2021-12-31 | CN¥4.81 Billion ≈ $703.54 Million |
+19.04% |
| 2020-12-31 | CN¥4.04 Billion ≈ $590.99 Million |
+72.04% |
| 2019-12-31 | CN¥2.35 Billion ≈ $343.52 Million |
+27.64% |
| 2018-12-31 | CN¥1.84 Billion ≈ $269.12 Million |
+12.46% |
| 2017-12-31 | CN¥1.64 Billion ≈ $239.30 Million |
+42.36% |
| 2016-12-31 | CN¥1.15 Billion ≈ $168.10 Million |
+18.88% |
| 2015-12-31 | CN¥966.35 Million ≈ $141.41 Million |
+10.65% |
| 2014-12-31 | CN¥873.35 Million ≈ $127.80 Million |
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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 717.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.18 Billion | 60.05% |
| Other Components | CN¥3.44 Billion | 39.95% |
| Total Equity | CN¥8.62 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 |
|---|---|
|
Taiwan Cogeneration Corp
TW:8926
|
$1.87 Billion |
|
AG Anadolu Group Holding
IS:AGHOL
|
$1.87 Billion |
|
Charter Hall Long Wale REIT
AU:CLW
|
$1.87 Billion |
|
Ningbo PIA Automation Holding Corp. A
SHG:688306
|
$1.87 Billion |
|
CSC Financial Co. Ltd
F:CS0
|
$1.87 Billion |
|
CIE Automotive India Limited
NSE:CIEINDIA
|
$1.87 Billion |
|
Dalian Zeus Entertainment
SHE:002354
|
$1.87 Billion |
|
Jiugui Liquor Co Ltd
SHE:000799
|
$1.87 Billion |
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 2024 to 2025, total equity changed from 8,140,633,282 to 8,621,910,772, a change of 481,277,490 (5.9%).
- Net income of 719,959,797 contributed positively to equity growth.
- Dividend payments of 285,302,139 reduced retained earnings.
- Other comprehensive income decreased equity by 377,260,469.
- Other factors increased equity by 423,880,300.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥719.96 Million | +8.35% |
| Dividends Paid | CN¥285.30 Million | -3.31% |
| Other Comprehensive Income | CN¥-377.26 Million | -4.38% |
| Other Changes | CN¥423.88 Million | +4.92% |
| Total Change | CN¥- | 5.91% |
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: 1.48x
- 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 8.98x to 1.48x 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¥27.11 | x |
| 2015-12-31 | CN¥3.34 | CN¥27.11 | x |
| 2016-12-31 | CN¥3.77 | CN¥27.11 | x |
| 2017-12-31 | CN¥4.54 | CN¥27.11 | x |
| 2018-12-31 | CN¥5.10 | CN¥27.11 | x |
| 2019-12-31 | CN¥5.85 | CN¥27.11 | x |
| 2020-12-31 | CN¥10.07 | CN¥27.11 | x |
| 2021-12-31 | CN¥11.99 | CN¥27.11 | x |
| 2022-12-31 | CN¥13.61 | CN¥27.11 | x |
| 2023-12-31 | CN¥14.98 | CN¥27.11 | x |
| 2024-12-31 | CN¥20.34 | CN¥27.11 | x |
| 2025-12-31 | CN¥18.27 | CN¥27.11 | 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): 8.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 35.84%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.95x
- Recent ROE (8.35%) is below the historical average (18.25%), 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 | 20.05% | 54.85% | 0.30x | 1.20x | CN¥548.80 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 |
| 2025 | 8.35% | 35.84% | 0.12x | 1.95x | CN¥-142.23 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: $2,147,561,773
- Average return on equity (ROE) among peers: -9.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Anning Iron and Titanium Co (002978) | CN¥8.81 Billion | 17.49% | 1.01x | $1.87 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $5.63 Billion | 12.56% | 1.59x | $4.96 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $1.37 Billion | 1.21% | 0.99x | $10.28 Billion |
| Shengda Mining Co Ltd (000603) | $84.81 Million | 19.91% | 1.25x | $2.66 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $3.61 Billion | -165.98% | 1.67x | $4.35 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $7.90 Billion | 10.13% | 0.99x | $32.84 Billion |
| Guocheng Mining Co Ltd (000688) | $-193.96 Million | 0.00% | 0.00x | $6.57 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $1.70 Billion | 6.83% | 1.05x | $1.22 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $100.96 Million | 19.15% | 2.91x | $2.05 Billion |
| Tibet Mineral Development Co Ltd (000762) | $511.27 Million | 1.01% | 0.41x | $2.30 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $768.04 Million | 1.24% | 0.33x | $1.63 Billion |
About 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. The company offers titanium concentrate and its utilization products used for aviation, energy, biomedicine, petrochemical, shipbuilding, consumer goods, marine engineering, construction and outdoor sports product applications. It also provides vanadium-titanium iron conce… Read more