Fujian Superpipe
Fujian Newchoice Pipe Technology Co., Ltd. engages in the research, development, production, and sale of water supply and drainage pipes in China and internationally. It offers pipe products, such as high-density polyethylene (HDPE) winding reinforced pipes, steel-framed polyethylene plastic composite pipes, green environmental protection solid wall pipes, glass fiber reinforced continuous windin… Read more
Fujian Superpipe (300198) - Net Assets
Latest net assets as of September 2025: CN¥14.11 Million CNY
Based on the latest financial reports, Fujian Superpipe (300198) has net assets worth CN¥14.11 Million 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¥2.05 Billion) and total liabilities (CN¥2.04 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¥14.11 Million |
| % of Total Assets | 0.69% |
| Annual Growth Rate | 13.33% |
| 5-Year Change | -91.54% |
| 10-Year Change | -89.85% |
| Growth Volatility | 118.22 |
Fujian Superpipe - Net Assets Trend (2007–2024)
This chart illustrates how Fujian Superpipe's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fujian Superpipe (2007–2024)
The table below shows the annual net assets of Fujian Superpipe from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥125.24 Million | -83.25% |
| 2023-12-31 | CN¥747.57 Million | -30.41% |
| 2022-12-31 | CN¥1.07 Billion | -23.20% |
| 2021-12-31 | CN¥1.40 Billion | -5.50% |
| 2020-12-31 | CN¥1.48 Billion | +3.34% |
| 2019-12-31 | CN¥1.43 Billion | +20.61% |
| 2018-12-31 | CN¥1.19 Billion | -33.84% |
| 2017-12-31 | CN¥1.80 Billion | +4.53% |
| 2016-12-31 | CN¥1.72 Billion | +39.22% |
| 2015-12-31 | CN¥1.23 Billion | +9.85% |
| 2014-12-31 | CN¥1.12 Billion | +2.50% |
| 2013-12-31 | CN¥1.10 Billion | +7.61% |
| 2012-12-31 | CN¥1.02 Billion | +12.17% |
| 2011-12-31 | CN¥907.68 Million | +377.02% |
| 2010-12-31 | CN¥190.28 Million | +32.13% |
| 2009-12-31 | CN¥144.01 Million | +130.83% |
| 2008-12-31 | CN¥62.39 Million | +318.40% |
| 2007-12-31 | CN¥14.91 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fujian Superpipe'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 24604.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.03 Billion | 812.47% |
| Other Comprehensive Income | CN¥73.77 Million | 58.10% |
| Other Components | CN¥57.43 Million | 45.23% |
| Total Equity | CN¥126.96 Million | 100.00% |
Fujian Superpipe Competitors by Market Cap
The table below lists competitors of Fujian Superpipe ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Poly Union Chemical Holding Group Co Ltd
SHE:002037
|
$286.87 Million |
|
Mingyue Optical Lens Co.Ltd.
SHE:301101
|
$286.95 Million |
|
Hangzhou Huaguang Advanced Welding Materials Co Ltd
SHG:688379
|
$286.97 Million |
|
The Gym Group plc
PINK:GYYMF
|
$286.98 Million |
|
IS Dongseo
KO:010780
|
$286.67 Million |
|
Materials Analysis Technology
TWO:3587
|
$286.53 Million |
|
Endur ASA
OL:ENDUR
|
$286.51 Million |
|
Jutze Intelligent Technology Co Ltd
SHE:300802
|
$286.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Superpipe's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 754,629,242 to 126,963,951, a change of -627,665,291 (-83.2%).
- Net loss of 307,178,200 reduced equity.
- Dividend payments of 45,484,852 reduced retained earnings.
- Other comprehensive income increased equity by 73,227,766.
- Other factors decreased equity by 348,230,005.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-307.18 Million | -241.94% |
| Dividends Paid | CN¥45.48 Million | -35.83% |
| Other Comprehensive Income | CN¥73.23 Million | +57.68% |
| Other Changes | CN¥-348.23 Million | -274.27% |
| Total Change | CN¥- | -83.18% |
Book Value vs Market Value Analysis
This analysis compares Fujian Superpipe'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: 21.77x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 82.82x to 21.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.03 | CN¥2.68 | x |
| 2008-12-31 | CN¥0.11 | CN¥2.68 | x |
| 2009-12-31 | CN¥0.18 | CN¥2.68 | x |
| 2010-12-31 | CN¥0.25 | CN¥2.68 | x |
| 2011-12-31 | CN¥1.02 | CN¥2.68 | x |
| 2012-12-31 | CN¥1.11 | CN¥2.68 | x |
| 2013-12-31 | CN¥1.19 | CN¥2.68 | x |
| 2014-12-31 | CN¥1.21 | CN¥2.68 | x |
| 2015-12-31 | CN¥1.16 | CN¥2.68 | x |
| 2016-12-31 | CN¥1.57 | CN¥2.68 | x |
| 2017-12-31 | CN¥1.60 | CN¥2.68 | x |
| 2018-12-31 | CN¥1.13 | CN¥2.68 | x |
| 2019-12-31 | CN¥1.36 | CN¥2.68 | x |
| 2020-12-31 | CN¥1.41 | CN¥2.68 | x |
| 2021-12-31 | CN¥1.33 | CN¥2.68 | x |
| 2022-12-31 | CN¥1.03 | CN¥2.68 | x |
| 2023-12-31 | CN¥0.73 | CN¥2.68 | x |
| 2024-12-31 | CN¥0.12 | CN¥2.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Superpipe 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): -241.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -195.45%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 16.76x
- Recent ROE (-241.94%) is below the historical average (-8.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 34.42% | 10.64% | 0.90x | 3.58x | CN¥3.64 Million |
| 2008 | 36.03% | 20.66% | 0.93x | 1.88x | CN¥16.24 Million |
| 2009 | 32.49% | 27.71% | 0.66x | 1.79x | CN¥32.39 Million |
| 2010 | 29.76% | 29.54% | 0.65x | 1.54x | CN¥37.59 Million |
| 2011 | 8.17% | 26.93% | 0.28x | 1.09x | CN¥-16.60 Million |
| 2012 | 9.54% | 24.46% | 0.35x | 1.11x | CN¥-4.65 Million |
| 2013 | 8.39% | 14.00% | 0.50x | 1.21x | CN¥-17.59 Million |
| 2014 | 4.44% | 4.95% | 0.64x | 1.40x | CN¥-61.99 Million |
| 2015 | 2.36% | 2.05% | 0.63x | 1.83x | CN¥-86.47 Million |
| 2016 | 4.02% | 5.72% | 0.46x | 1.55x | CN¥-94.83 Million |
| 2017 | 4.32% | 4.81% | 0.47x | 1.91x | CN¥-93.66 Million |
| 2018 | -34.16% | -35.01% | 0.36x | 2.72x | CN¥-513.39 Million |
| 2019 | 16.93% | 29.35% | 0.25x | 2.28x | CN¥97.08 Million |
| 2020 | 3.33% | 5.39% | 0.24x | 2.59x | CN¥-96.72 Million |
| 2021 | -7.97% | -16.12% | 0.19x | 2.59x | CN¥-246.51 Million |
| 2022 | -29.02% | -60.73% | 0.15x | 3.09x | CN¥-413.80 Million |
| 2023 | -40.52% | -77.21% | 0.14x | 3.75x | CN¥-381.22 Million |
| 2024 | -241.94% | -195.45% | 0.07x | 16.76x | CN¥-319.87 Million |
Industry Comparison
This section compares Fujian Superpipe's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $3,967,149,242
- Average return on equity (ROE) among peers: 7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Superpipe (300198) | CN¥14.11 Million | 34.42% | 144.62x | $286.77 Million |
| Huasu Holdings Co Ltd (000509) | $288.95 Million | -10.72% | 2.54x | $352.09 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.57 Billion | -0.72% | 0.99x | $204.74 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $21.44 Billion | 14.66% | 0.33x | $3.58 Billion |
| Yantai Moon Co Ltd (000811) | $6.21 Billion | 10.11% | 0.91x | $1.56 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $436.84 Million | 5.27% | 3.74x | $232.37 Million |
| Arrow Home Group Co. Ltd. A (001322) | $5.01 Billion | 8.48% | 1.12x | $113.50 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.03 Billion | 15.12% | 0.38x | $250.45 Million |
| Everjoy Health Group Co Ltd (002162) | $479.30 Million | 13.65% | 1.19x | $267.02 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $923.77 Million | 5.63% | 0.58x | $237.09 Million |
| Puyang Refractories Group Co Ltd (002225) | $277.05 Million | 17.03% | 0.92x | $602.85 Million |