Bengang Steel Plates Co Ltd (200761) - Net Assets
Based on the latest financial reports, Bengang Steel Plates Co Ltd (200761) has net assets worth HK$10.28 Billion HKD (≈ $1.31 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$46.73 Billion ≈ $5.97 Billion USD) and total liabilities (HK$36.45 Billion ≈ $4.65 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 Bengang Steel Plates Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | HK$10.28 Billion |
| % of Total Assets | 22.0% |
| Annual Growth Rate | 7.94% |
| 5-Year Change | -62.7% |
| 10-Year Change | -35.14% |
| Growth Volatility | 51.79 |
Bengang Steel Plates Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Bengang Steel Plates Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Bengang Steel Plates Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Bengang Steel Plates Co Ltd (1994–2025)
The table below shows the annual net assets of Bengang Steel Plates Co Ltd from 1994 to 2025. For live valuation and market cap data, see Bengang Steel Plates Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | HK$8.60 Billion ≈ $1.10 Billion |
-31.17% |
| 2024-12-31 | HK$12.50 Billion ≈ $1.60 Billion |
-28.98% |
| 2023-12-31 | HK$17.60 Billion ≈ $2.25 Billion |
-9.16% |
| 2022-12-31 | HK$19.37 Billion ≈ $2.47 Billion |
-16.01% |
| 2021-12-31 | HK$23.07 Billion ≈ $2.94 Billion |
+7.03% |
| 2020-12-31 | HK$21.55 Billion ≈ $2.75 Billion |
+7.68% |
| 2019-12-31 | HK$20.01 Billion ≈ $2.55 Billion |
+1.80% |
| 2018-12-31 | HK$19.66 Billion ≈ $2.51 Billion |
+32.39% |
| 2017-12-31 | HK$14.85 Billion ≈ $1.90 Billion |
+11.95% |
| 2016-12-31 | HK$13.26 Billion ≈ $1.69 Billion |
+6.64% |
| 2015-12-31 | HK$12.44 Billion ≈ $1.59 Billion |
-21.45% |
| 2014-12-31 | HK$15.84 Billion ≈ $2.02 Billion |
+1.01% |
| 2013-12-31 | HK$15.68 Billion ≈ $2.00 Billion |
+2.37% |
| 2012-12-31 | HK$15.32 Billion ≈ $1.96 Billion |
-1.57% |
| 2011-12-31 | HK$15.56 Billion ≈ $1.99 Billion |
+3.42% |
| 2010-12-31 | HK$15.05 Billion ≈ $1.92 Billion |
+6.52% |
| 2009-12-31 | HK$14.12 Billion ≈ $1.80 Billion |
-10.75% |
| 2008-12-31 | HK$15.83 Billion ≈ $2.02 Billion |
-5.46% |
| 2007-12-31 | HK$16.74 Billion ≈ $2.14 Billion |
+4.38% |
| 2006-12-31 | HK$16.04 Billion ≈ $2.05 Billion |
+202.09% |
| 2005-12-31 | HK$5.31 Billion ≈ $677.70 Million |
+8.29% |
| 2004-12-31 | HK$4.90 Billion ≈ $625.85 Million |
+11.49% |
| 2003-12-31 | HK$4.40 Billion ≈ $561.33 Million |
+13.60% |
| 2002-12-31 | HK$3.87 Billion ≈ $494.13 Million |
+11.04% |
| 2001-12-31 | HK$3.49 Billion ≈ $444.99 Million |
+1.38% |
| 2000-12-31 | HK$3.44 Billion ≈ $438.95 Million |
+4.41% |
| 1999-12-31 | HK$3.29 Billion ≈ $420.40 Million |
+11.24% |
| 1998-12-31 | HK$2.96 Billion ≈ $377.93 Million |
+1.38% |
| 1997-12-31 | HK$2.92 Billion ≈ $372.79 Million |
+208.22% |
| 1996-12-31 | HK$947.48 Million ≈ $120.95 Million |
+25.86% |
| 1995-12-31 | HK$752.80 Million ≈ $96.10 Million |
-6.65% |
| 1994-12-31 | HK$806.40 Million ≈ $102.94 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bengang Steel Plates 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 decreased by 1143928998202.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | HK$19.38 Billion | 244.15% |
| Total Equity | HK$7.94 Billion | 100.00% |
Bengang Steel Plates Co Ltd Competitors by Market Cap
The table below lists competitors of Bengang Steel Plates Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equity Metals Corp
V:EQTY
|
$55.18 Million |
|
Shin Shin Co Ltd
TW:2901
|
$55.23 Million |
|
Wir Asia Tbk PT
JK:WIRG
|
$55.26 Million |
|
Zenith Energy Ltd
OL:ZENA
|
$55.26 Million |
|
Linq Minerals Limited
AU:LNQ
|
$55.14 Million |
|
CSL Finance Limited
NSE:CSLFINANCE
|
$55.14 Million |
|
Flag Ship Acquisition Corp. Ordinary Shares
NASDAQ:FSHP
|
$55.13 Million |
|
Cheetah Mobile Inc
NYSE:CMCM
|
$55.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bengang Steel Plates Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,887,217,861 to 7,935,782,008, a change of -3,951,435,853 (-33.2%).
- Other comprehensive income decreased equity by 971,170,116.
- Other factors decreased equity by 2,980,265,737.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$0.00 | -0.0% |
| Other Comprehensive Income | HK$-971.17 Million | -12.24% |
| Other Changes | HK$-2.98 Billion | -37.55% |
| Total Change | HK$- | -33.24% |
Book Value vs Market Value Analysis
This analysis compares Bengang Steel Plates 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: 0.56x
- 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 4.20x to 0.56x 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$0.26 | HK$1.08 | x |
| 1995-12-31 | HK$0.24 | HK$1.08 | x |
| 1996-12-31 | HK$0.30 | HK$1.08 | x |
| 1997-12-31 | HK$0.93 | HK$1.08 | x |
| 1998-12-31 | HK$0.94 | HK$1.08 | x |
| 1999-12-31 | HK$1.05 | HK$1.08 | x |
| 2000-12-31 | HK$1.10 | HK$1.08 | x |
| 2001-12-31 | HK$1.11 | HK$1.08 | x |
| 2002-12-31 | HK$1.23 | HK$1.08 | x |
| 2003-12-31 | HK$1.40 | HK$1.08 | x |
| 2004-12-31 | HK$1.56 | HK$1.08 | x |
| 2005-12-31 | HK$1.69 | HK$1.08 | x |
| 2006-12-31 | HK$5.13 | HK$1.08 | x |
| 2007-12-31 | HK$5.36 | HK$1.08 | x |
| 2008-12-31 | HK$5.04 | HK$1.08 | x |
| 2009-12-31 | HK$4.51 | HK$1.08 | x |
| 2010-12-31 | HK$4.79 | HK$1.08 | x |
| 2011-12-31 | HK$4.95 | HK$1.08 | x |
| 2012-12-31 | HK$4.87 | HK$1.08 | x |
| 2013-12-31 | HK$4.89 | HK$1.08 | x |
| 2014-12-31 | HK$4.89 | HK$1.08 | x |
| 2015-12-31 | HK$3.80 | HK$1.08 | x |
| 2016-12-31 | HK$4.05 | HK$1.08 | x |
| 2017-12-31 | HK$4.56 | HK$1.08 | x |
| 2018-12-31 | HK$5.02 | HK$1.08 | x |
| 2019-12-31 | HK$5.03 | HK$1.08 | x |
| 2020-12-31 | HK$5.42 | HK$1.08 | x |
| 2021-12-31 | HK$4.46 | HK$1.08 | x |
| 2022-12-31 | HK$4.57 | HK$1.08 | x |
| 2023-12-31 | HK$4.14 | HK$1.08 | x |
| 2024-12-31 | HK$2.89 | HK$1.08 | x |
| 2025-12-31 | HK$1.93 | HK$1.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bengang Steel Plates 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): -42.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.83%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 3.85x
- Recent ROE (-42.38%) is below the historical average (6.35%), 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 | 41.52% | 7.59% | 2.75x | 1.99x | HK$254.20 Million |
| 1995 | 38.15% | 5.92% | 2.70x | 2.39x | HK$211.92 Million |
| 1996 | 39.62% | 7.54% | 2.32x | 2.26x | HK$280.62 Million |
| 1997 | 13.06% | 8.58% | 1.29x | 1.18x | HK$89.28 Million |
| 1998 | 10.05% | 6.30% | 1.22x | 1.30x | HK$1.51 Million |
| 1999 | 10.10% | 5.96% | 1.27x | 1.33x | HK$3.34 Million |
| 2000 | 10.17% | 5.00% | 1.48x | 1.38x | HK$5.95 Million |
| 2001 | 7.88% | 5.24% | 0.99x | 1.51x | HK$-73.75 Million |
| 2002 | 9.94% | 4.97% | 1.15x | 1.74x | HK$-2.17 Million |
| 2003 | 11.93% | 4.68% | 1.57x | 1.62x | HK$85.00 Million |
| 2004 | 14.93% | 4.22% | 2.21x | 1.60x | HK$241.79 Million |
| 2005 | 11.91% | 3.13% | 2.63x | 1.45x | HK$101.32 Million |
| 2006 | 10.30% | 6.69% | 0.92x | 1.68x | HK$47.59 Million |
| 2007 | 10.15% | 5.42% | 1.07x | 1.75x | HK$24.87 Million |
| 2008 | 1.04% | 0.43% | 1.18x | 2.07x | HK$-1.42 Billion |
| 2009 | -10.94% | -4.34% | 1.02x | 2.47x | HK$-2.96 Billion |
| 2010 | 6.16% | 2.03% | 1.27x | 2.39x | HK$-575.67 Million |
| 2011 | 5.13% | 1.58% | 1.23x | 2.64x | HK$-756.65 Million |
| 2012 | 0.52% | 0.20% | 1.06x | 2.51x | HK$-1.45 Billion |
| 2013 | 1.80% | 0.68% | 0.94x | 2.81x | HK$-1.26 Billion |
| 2014 | 1.51% | 0.56% | 0.84x | 3.20x | HK$-1.31 Billion |
| 2015 | -27.60% | -11.26% | 0.66x | 3.73x | HK$-4.49 Billion |
| 2016 | 6.14% | 2.65% | 0.55x | 4.26x | HK$-490.24 Million |
| 2017 | 11.18% | 3.95% | 0.64x | 4.40x | HK$168.55 Million |
| 2018 | 5.42% | 2.07% | 0.84x | 3.12x | HK$-876.13 Million |
| 2019 | 2.85% | 1.05% | 0.87x | 3.12x | HK$-1.39 Billion |
| 2020 | 1.83% | 0.79% | 0.75x | 3.09x | HK$-1.72 Billion |
| 2021 | 11.11% | 3.21% | 1.41x | 2.45x | HK$250.49 Million |
| 2022 | -6.56% | -1.97% | 1.42x | 2.35x | HK$-3.11 Billion |
| 2023 | -10.12% | -2.97% | 1.25x | 2.71x | HK$-3.42 Billion |
| 2024 | -42.38% | -9.83% | 1.12x | 3.85x | HK$-6.23 Billion |
Industry Comparison
This section compares Bengang Steel Plates Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,603,284,210
- Average return on equity (ROE) among peers: 10.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bengang Steel Plates Co Ltd (200761) | HK$10.28 Billion | 41.52% | 3.55x | $55.15 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $543.16 Million | 26.80% | 2.24x | $11.26 Billion |
| HBIS Co Ltd (000709) | $5.18 Billion | 9.50% | 0.80x | $3.52 Billion |
| Sgis Songshan Co Ltd (000717) | $9.51 Billion | 19.57% | 0.87x | $879.62 Million |
| Bengang Steel Plates Co Ltd (000761) | $23.07 Billion | 10.84% | 1.39x | $1.60 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $1.18 Billion | 14.45% | 0.68x | $2.67 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $25.06 Billion | 7.20% | 1.63x | $3.54 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.16 Billion | 1.67% | 1.30x | $961.31 Million |
| Angang Steel Co Ltd Class A (000898) | $52.30 Billion | -4.10% | 0.97x | $2.67 Billion |
| Hunan Valin Steel Co Ltd (000932) | $12.94 Billion | 8.26% | 1.91x | $4.69 Billion |
| Beijing Shougang Co Ltd (000959) | $5.09 Billion | 11.56% | 0.90x | $5.17 Billion |
About Bengang Steel Plates Co Ltd
Bengang Steel Plates Co., Ltd. engages in production and trading of ferrous metal products in China. It is involved in steelmaking, rolling processing, power generation, coal chemical industry, special steel bar production, railway, import and export trade, and scientific research and product sales businesses. The company also offers automotive surface panels, home appliance panels, petroleum pip… Read more