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

Latest as of December 2025: HK$2.81 Billion HKD ≈ $359.11 Million USD

Based on the latest financial reports, Shandong Chenming Paper Holdings Ltd Class B (200488) has net assets worth HK$2.81 Billion HKD (≈ $359.11 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$50.62 Billion ≈ $6.46 Billion USD) and total liabilities (HK$47.81 Billion ≈ $6.10 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 200488 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	HK$2.81 Billion
% of Total Assets	5.56%
Annual Growth Rate	9.41%
5-Year Change	-87.52%
10-Year Change	-87.53%
Growth Volatility	58.42

Shandong Chenming Paper Holdings Ltd Class B - Net Assets Trend (1994–2025)

This chart illustrates how Shandong Chenming Paper Holdings Ltd Class B's net assets have evolved over time, based on quarterly financial data. Also explore how large is Shandong Chenming Paper Holdings Ltd Cla's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Shandong Chenming Paper Holdings Ltd Class B (1994–2025)

The table below shows the annual net assets of Shandong Chenming Paper Holdings Ltd Class B from 1994 to 2025. For live valuation and market cap data, see Shandong Chenming Paper Holdings Ltd Cla market capitalisation.

Year	Net Assets	Change
2025-12-31	HK$2.81 Billion ≈ $359.11 Million	-78.08%
2024-12-31	HK$12.84 Billion ≈ $1.64 Billion	-39.16%
2023-12-31	HK$21.10 Billion ≈ $2.69 Billion	-11.09%
2022-12-31	HK$23.73 Billion ≈ $3.03 Billion	+5.24%
2021-12-31	HK$22.55 Billion ≈ $2.88 Billion	-12.61%
2020-12-31	HK$25.80 Billion ≈ $3.29 Billion	-2.05%
2019-12-31	HK$26.34 Billion ≈ $3.36 Billion	+1.81%
2018-12-31	HK$25.87 Billion ≈ $3.30 Billion	-14.54%
2017-12-31	HK$30.27 Billion ≈ $3.86 Billion	+34.17%
2016-12-31	HK$22.56 Billion ≈ $2.88 Billion	+30.74%
2015-12-31	HK$17.26 Billion ≈ $2.20 Billion	+20.29%
2014-12-31	HK$14.35 Billion ≈ $1.83 Billion	-1.98%
2013-12-31	HK$14.64 Billion ≈ $1.87 Billion	+2.04%
2012-12-31	HK$14.35 Billion ≈ $1.83 Billion	-4.29%
2011-12-31	HK$14.99 Billion ≈ $1.91 Billion	-1.79%
2010-12-31	HK$15.26 Billion ≈ $1.95 Billion	+3.55%
2009-12-31	HK$14.74 Billion ≈ $1.88 Billion	+5.10%
2008-12-31	HK$14.02 Billion ≈ $1.79 Billion	+32.52%
2007-12-31	HK$10.58 Billion ≈ $1.35 Billion	+36.53%
2006-12-31	HK$7.75 Billion ≈ $989.27 Million	+7.78%
2005-12-31	HK$7.19 Billion ≈ $917.88 Million	+8.90%
2004-12-31	HK$6.60 Billion ≈ $842.85 Million	+24.61%
2003-12-31	HK$5.30 Billion ≈ $676.37 Million	+22.55%
2002-12-31	HK$4.32 Billion ≈ $551.91 Million	+10.57%
2001-12-31	HK$3.91 Billion ≈ $499.13 Million	+13.78%
2000-12-31	HK$3.44 Billion ≈ $438.70 Million	+99.40%
1999-12-31	HK$1.72 Billion ≈ $220.00 Million	+16.26%
1998-12-31	HK$1.48 Billion ≈ $189.23 Million	+12.43%
1997-12-31	HK$1.32 Billion ≈ $168.31 Million	+296.64%
1996-12-31	HK$332.42 Million ≈ $42.43 Million	+64.42%
1995-12-31	HK$202.18 Million ≈ $25.81 Million	+16.86%
1994-12-31	HK$173.01 Million ≈ $22.09 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 decreased by 11746.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	HK$8.58 Billion	949.18%
Total Equity	HK$903.84 Million	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
Phytohealth Corp TW:4108	$76.66 Million
Metro Ticari ve Mali Yatirimlar Holding AS IS:METRO	$76.66 Million
DGL Group Ltd AU:DGL	$76.69 Million
KPM TECH Co. Ltd KQ:042040	$76.76 Million
YOUNGHWA TECH Co. Ltd KQ:265560	$76.64 Million
WORLDLINE S.A. UNSP.ADR F:WO60	$76.61 Million
Laboratorios Richmond SACIF BA:RICH	$76.61 Million
GAMING INNOVATION DL 1 F:GI11	$76.60 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 2024 to 2025, total equity changed from 9,156,104,000 to 903,835,592, a change of -8,252,268,408 (-90.1%).
Net loss of 8,295,932,403 reduced equity.
Dividend payments of 1,000,742,988 reduced retained earnings.
Other factors increased equity by 1,044,406,983.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	HK$-8.30 Billion	-917.86%
Dividends Paid	HK$1.00 Billion	-110.72%
Other Changes	HK$1.04 Billion	+115.55%
Total Change	HK$-	-90.13%

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: 2.77x
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 10.47x to 2.77x 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$0.85	x
1995-12-31	HK$0.08	HK$0.85	x
1996-12-31	HK$0.16	HK$0.85	x
1997-12-31	HK$0.49	HK$0.85	x
1998-12-31	HK$0.55	HK$0.85	x
1999-12-31	HK$0.63	HK$0.85	x
2000-12-31	HK$1.34	HK$0.85	x
2001-12-31	HK$1.49	HK$0.85	x
2002-12-31	HK$1.66	HK$0.85	x
2003-12-31	HK$2.05	HK$0.85	x
2004-12-31	HK$2.27	HK$0.85	x
2005-12-31	HK$2.56	HK$0.85	x
2006-12-31	HK$2.31	HK$0.85	x
2007-12-31	HK$3.55	HK$0.85	x
2008-12-31	HK$4.33	HK$0.85	x
2009-12-31	HK$4.25	HK$0.85	x
2010-12-31	HK$4.34	HK$0.85	x
2011-12-31	HK$4.30	HK$0.85	x
2012-12-31	HK$4.45	HK$0.85	x
2013-12-31	HK$4.61	HK$0.85	x
2014-12-31	HK$4.77	HK$0.85	x
2015-12-31	HK$5.51	HK$0.85	x
2016-12-31	HK$7.34	HK$0.85	x
2017-12-31	HK$9.56	HK$0.85	x
2018-12-31	HK$8.61	HK$0.85	x
2019-12-31	HK$8.57	HK$0.85	x
2020-12-31	HK$7.73	HK$0.85	x
2021-12-31	HK$6.47	HK$0.85	x
2022-12-31	HK$5.75	HK$0.85	x
2023-12-31	HK$5.48	HK$0.85	x
2024-12-31	HK$3.13	HK$0.85	x
2025-12-31	HK$0.31	HK$0.85	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): -917.86%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -134.10%
• Asset Turnover: 0.12x
• Equity Multiplier: 56.01x
Recent ROE (-917.86%) is below the historical average (-21.02%), 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%	5.05%	0.26x	4.62x	HK$-665.92 Million
2016	8.99%	8.72%	0.28x	3.70x	HK$-223.30 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$156.54 Million
2022	0.99%	0.59%	0.38x	4.42x	HK$-1.72 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
2025	-917.86%	-134.10%	0.12x	56.01x	HK$-8.39 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: $3,678,450,352
Average return on equity (ROE) among peers: -0.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Chenming Paper Holdings Ltd Class B (200488)	HK$2.81 Billion	15.23%	16.99x	$76.65 Million
Shandong Chenming Paper Holdings Ltd (000488)	$4.32 Billion	8.80%	1.01x	$641.87 Million
MCC Meili Paper Industry Co Ltd (000815)	$661.91 Million	-28.67%	4.90x	$1.94 Billion
Zhejiang Kan Specialities Material Co Ltd (002012)	$1.34 Billion	1.86%	0.39x	$457.79 Million
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067)	$4.36 Billion	7.69%	0.46x	$1.06 Billion
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078)	$16.24 Billion	12.03%	1.21x	$6.02 Billion
Xiamen Anne Corp Ltd (002235)	$359.35 Million	-25.61%	0.71x	$949.87 Million
Qifeng New Material Co Ltd (002521)	$3.40 Billion	4.17%	0.24x	$684.32 Million
Cre8 Direct Ningbo Co Ltd (300703)	$952.34 Million	11.33%	1.00x	$473.30 Million
Fujian Qingshan Paper Industry Co Ltd (600103)	$1.47 Billion	7.51%	0.40x	$1.46 Billion

About Shandong Chenming Paper Holdings Ltd Class B

SHE:200488 China Paper & Paper Products

Market Cap

$76.65 Million

HK$600.43 Million HKD

Market Cap Rank

#20209 Global

#4692 in China

Share Price

HK$0.85

Change (1 day)

-4.49%

52-Week Range

HK$0.48 - HK$0.95

All Time High

HK$7.39