Shandong Chenming Paper Holdings Ltd Class B

SHE:200488 China Paper & Paper Products
Market Cap
$86.22 Million
HK$671.07 Million HKD
Market Cap Rank
#13787 Global
#3568 in China
Share Price
HK$0.95
Change (1 day)
+3.26%
52-Week Range
HK$0.46 - HK$0.95
All Time High
HK$7.39
Categories
Companies in China Paper & Paper Products
About

Shandong Chenming Paper Holdings Limited engages in the pulp production and paper making in China and internationally. It operates through four segments: Machine Paper, Financial Services, Hotels and Property Rentals, and Other. The company offers culture paper, copperplate paper, coated paper, white cardboard, copy paper, industrial paper, special paper, life paper, newspaper, and thermal and gl… Read more

Shandong Chenming Paper Holdings Ltd Class B (200488) - Net Assets

Latest net assets as of June 2025: HK$7.70 Billion HKD

Based on the latest financial reports, Shandong Chenming Paper Holdings Ltd Class B (200488) has net assets worth HK$7.70 Billion HKD as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$54.70 Billion) and total liabilities (HK$47.00 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 HK$7.70 Billion
% of Total Assets 14.07%
Annual Growth Rate 15.44%
5-Year Change -50.25%
10-Year Change -25.63%
Growth Volatility 56.56

Shandong Chenming Paper Holdings Ltd Class B - Net Assets Trend (1994–2024)

This chart illustrates how Shandong Chenming Paper Holdings Ltd Class B'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 Chenming Paper Holdings Ltd Class B (1994–2024)

The table below shows the annual net assets of Shandong Chenming Paper Holdings Ltd Class B from 1994 to 2024.

Year Net Assets Change
2024-12-31 HK$12.84 Billion -39.16%
2023-12-31 HK$21.10 Billion -11.09%
2022-12-31 HK$23.73 Billion +5.24%
2021-12-31 HK$22.55 Billion -12.61%
2020-12-31 HK$25.80 Billion -2.05%
2019-12-31 HK$26.34 Billion +1.81%
2018-12-31 HK$25.87 Billion -14.54%
2017-12-31 HK$30.27 Billion +34.17%
2016-12-31 HK$22.56 Billion +30.74%
2015-12-31 HK$17.26 Billion +20.29%
2014-12-31 HK$14.35 Billion -1.98%
2013-12-31 HK$14.64 Billion +2.04%
2012-12-31 HK$14.35 Billion -4.29%
2011-12-31 HK$14.99 Billion -1.79%
2010-12-31 HK$15.26 Billion +3.55%
2009-12-31 HK$14.74 Billion +5.10%
2008-12-31 HK$14.02 Billion +32.52%
2007-12-31 HK$10.58 Billion +36.53%
2006-12-31 HK$7.75 Billion +7.78%
2005-12-31 HK$7.19 Billion +8.90%
2004-12-31 HK$6.60 Billion +24.61%
2003-12-31 HK$5.30 Billion +22.55%
2002-12-31 HK$4.32 Billion +10.57%
2001-12-31 HK$3.91 Billion +13.78%
2000-12-31 HK$3.44 Billion +99.40%
1999-12-31 HK$1.72 Billion +16.26%
1998-12-31 HK$1.48 Billion +12.43%
1997-12-31 HK$1.32 Billion +296.64%
1996-12-31 HK$332.42 Million +64.42%
1995-12-31 HK$202.18 Million +16.86%
1994-12-31 HK$173.01 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Chenming Paper Holdings Ltd Class B'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 822.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings HK$607.82 Million 6.64%
Common Stock HK$2.93 Billion 32.05%
Other Components HK$5.61 Billion 61.31%
Total Equity HK$9.16 Billion 100.00%

Shandong Chenming Paper Holdings Ltd Class B Competitors by Market Cap

The table below lists competitors of Shandong Chenming Paper Holdings Ltd Class B ranked by their market capitalization.

Company Market Cap
Clinuvel Pharmaceuticals Ltd
AU:CUV
 		$251.65 Million
Bk Harda Internasional Tbk Pt
JK:BBHI
 		$251.65 Million
Oceania Healthcare Ltd
AU:OCA
 		$251.67 Million
Woori Technology Investment Co. Ltd
KQ:041190
 		$251.72 Million
Nanjing Textiles Import & Export Corp Ltd
SHG:600250
 		$251.60 Million
Jiangsu Sanfangxiang Industry Co Ltd
SHG:600370
 		$251.57 Million
TELUS International (Cda) Inc.
MU:5Z9
 		$251.53 Million
Time Publishing and Media Co Ltd Class A
SHG:600551
 		$251.53 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Chenming Paper Holdings Ltd Class B's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 16,692,175,196 to 9,156,104,000, a change of -7,536,071,196 (-45.1%).
  • Net loss of 7,410,784,491 reduced equity.
  • Dividend payments of 1,921,902,301 reduced retained earnings.
  • Share repurchases of 67,391,949 reduced equity.
  • Other comprehensive income increased equity by 112,538,072.
  • Other factors increased equity by 1,751,469,473.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income HK$-7.41 Billion -80.94%
Dividends Paid HK$1.92 Billion -20.99%
Share Repurchases HK$67.39 Million -0.74%
Other Comprehensive Income HK$112.54 Million +1.23%
Other Changes HK$1.75 Billion +19.13%
Total Change HK$- -45.15%

Book Value vs Market Value Analysis

This analysis compares Shandong Chenming Paper Holdings Ltd Class B'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: 0.29x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
  • The price-to-book ratio has decreased from 11.70x to 0.29x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 HK$0.08 HK$0.95 x
1995-12-31 HK$0.08 HK$0.95 x
1996-12-31 HK$0.16 HK$0.95 x
1997-12-31 HK$0.49 HK$0.95 x
1998-12-31 HK$0.55 HK$0.95 x
1999-12-31 HK$0.63 HK$0.95 x
2000-12-31 HK$1.34 HK$0.95 x
2001-12-31 HK$1.49 HK$0.95 x
2002-12-31 HK$1.66 HK$0.95 x
2003-12-31 HK$2.05 HK$0.95 x
2004-12-31 HK$2.27 HK$0.95 x
2005-12-31 HK$2.56 HK$0.95 x
2006-12-31 HK$2.31 HK$0.95 x
2007-12-31 HK$3.55 HK$0.95 x
2008-12-31 HK$4.33 HK$0.95 x
2009-12-31 HK$4.25 HK$0.95 x
2010-12-31 HK$4.34 HK$0.95 x
2011-12-31 HK$4.30 HK$0.95 x
2012-12-31 HK$4.57 HK$0.95 x
2013-12-31 HK$4.61 HK$0.95 x
2014-12-31 HK$4.77 HK$0.95 x
2015-12-31 HK$5.51 HK$0.95 x
2016-12-31 HK$7.34 HK$0.95 x
2017-12-31 HK$8.33 HK$0.95 x
2018-12-31 HK$5.09 HK$0.95 x
2019-12-31 HK$5.01 HK$0.95 x
2020-12-31 HK$5.10 HK$0.95 x
2021-12-31 HK$5.18 HK$0.95 x
2022-12-31 HK$6.07 HK$0.95 x
2023-12-31 HK$5.48 HK$0.95 x
2024-12-31 HK$3.25 HK$0.95 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Chenming Paper Holdings Ltd Class B 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): -80.94%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -32.60%
  • • Asset Turnover: 0.36x
  • • Equity Multiplier: 6.94x
  • Recent ROE (-80.94%) is below the historical average (7.94%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 15.23% 12.51% 0.90x 1.35x HK$9.05 Million
1995 55.11% 23.71% 1.06x 2.20x HK$77.32 Million
1996 38.98% 22.87% 0.85x 2.02x HK$96.33 Million
1997 17.65% 23.66% 0.43x 1.72x HK$79.86 Million
1998 10.92% 11.96% 0.43x 2.11x HK$10.78 Million
1999 12.92% 10.08% 0.52x 2.47x HK$39.23 Million
2000 8.08% 9.59% 0.45x 1.88x HK$-55.05 Million
2001 4.47% 5.90% 0.33x 2.33x HK$-175.67 Million
2002 10.77% 8.55% 0.51x 2.46x HK$27.13 Million
2003 14.35% 10.79% 0.57x 2.34x HK$190.52 Million
2004 10.41% 7.13% 0.45x 3.28x HK$19.81 Million
2005 11.02% 6.20% 0.54x 3.29x HK$55.87 Million
2006 10.03% 5.10% 0.57x 3.42x HK$1.95 Million
2007 11.06% 6.38% 0.69x 2.52x HK$93.13 Million
2008 8.77% 6.92% 0.59x 2.15x HK$-150.62 Million
2009 6.43% 5.62% 0.53x 2.17x HK$-463.24 Million
2010 8.59% 6.76% 0.49x 2.59x HK$-190.24 Million
2011 4.50% 3.43% 0.39x 3.37x HK$-744.59 Million
2012 1.61% 1.12% 0.41x 3.47x HK$-1.15 Billion
2013 5.06% 3.49% 0.43x 3.38x HK$-693.33 Million
2014 3.63% 2.64% 0.34x 4.08x HK$-886.53 Million
2015 6.05% 5.06% 0.26x 4.62x HK$-665.92 Million
2016 9.29% 9.15% 0.27x 3.70x HK$-157.89 Million
2017 13.57% 12.79% 0.28x 3.80x HK$991.47 Million
2018 10.02% 8.69% 0.27x 4.20x HK$4.96 Million
2019 6.58% 5.45% 0.31x 3.89x HK$-860.41 Million
2020 7.05% 5.57% 0.34x 3.77x HK$-715.67 Million
2021 10.82% 6.26% 0.40x 4.34x HK$156.54 Million
2022 1.66% 0.99% 0.38x 4.42x HK$-1.59 Billion
2023 -7.68% -4.82% 0.33x 4.76x HK$-2.95 Billion
2024 -80.94% -32.60% 0.36x 6.94x HK$-8.33 Billion

Industry Comparison

This section compares Shandong Chenming Paper Holdings Ltd Class B's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

  • Industry: Paper & Paper Products
  • Average net assets among peers: $1,112,004,613
  • Average return on equity (ROE) among peers: 14.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shandong Chenming Paper Holdings Ltd Class B (200488) HK$7.70 Billion 15.23% 6.11x $251.60 Million
Shandong Chenming Paper Holdings Ltd (000488) $1.48 Billion 8.64% 0.67x $856.84 Million
MCC Meili Paper Industry Co Ltd (000815) $581.69 Million 7.14% 1.65x $1.01 Billion
Zhejiang Kan Specialities Material Co Ltd (002012) $1.70 Billion 0.34% 0.06x $340.02 Million
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) $334.24 Million 16.95% 2.25x $888.99 Million
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) $4.46 Billion 3.96% 2.41x $2.97 Billion
Xiamen Anne Corp Ltd (002235) $453.96 Million 11.63% 0.34x $679.45 Million
Qifeng New Material Co Ltd (002521) $382.94 Million 31.00% 1.37x $387.93 Million
Cre8 Direct Ningbo Co Ltd (300703) $96.98 Million 33.95% 2.34x $282.96 Million
Fujian Qingshan Paper Industry Co Ltd (600103) $519.79 Million 14.19% 0.64x $808.66 Million