Fujian Superpipe (300198) - Net Assets
Based on the latest financial reports, Fujian Superpipe (300198) has net assets worth CN¥489.76 Million CNY (≈ $71.67 Million 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¥2.06 Billion ≈ $301.70 Million USD) and total liabilities (CN¥1.57 Billion ≈ $230.03 Million 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. Also explore Fujian Superpipe asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥489.76 Million |
| % of Total Assets | 23.75% |
| Annual Growth Rate | N/A |
| 5-Year Change | -109.9% |
| 10-Year Change | -108.06% |
| Growth Volatility | 129.04 |
Fujian Superpipe - Net Assets Trend (2007–2025)
This chart illustrates how Fujian Superpipe's net assets have evolved over time, based on quarterly financial data. Check 300198 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Fujian Superpipe (2007–2025)
The table below shows the annual net assets of Fujian Superpipe from 2007 to 2025. For live valuation and market cap data, see Fujian Superpipe (300198) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-138.42 Million ≈ $-20.26 Million |
-210.53% |
| 2024-12-31 | CN¥125.24 Million ≈ $18.33 Million |
-83.25% |
| 2023-12-31 | CN¥747.57 Million ≈ $109.39 Million |
-30.41% |
| 2022-12-31 | CN¥1.07 Billion ≈ $157.20 Million |
-23.20% |
| 2021-12-31 | CN¥1.40 Billion ≈ $204.68 Million |
-5.50% |
| 2020-12-31 | CN¥1.48 Billion ≈ $216.59 Million |
+3.34% |
| 2019-12-31 | CN¥1.43 Billion ≈ $209.59 Million |
+20.61% |
| 2018-12-31 | CN¥1.19 Billion ≈ $173.78 Million |
-33.84% |
| 2017-12-31 | CN¥1.80 Billion ≈ $262.68 Million |
+4.53% |
| 2016-12-31 | CN¥1.72 Billion ≈ $251.29 Million |
+39.22% |
| 2015-12-31 | CN¥1.23 Billion ≈ $180.50 Million |
+9.85% |
| 2014-12-31 | CN¥1.12 Billion ≈ $164.32 Million |
+2.50% |
| 2013-12-31 | CN¥1.10 Billion ≈ $160.31 Million |
+7.61% |
| 2012-12-31 | CN¥1.02 Billion ≈ $148.98 Million |
+12.17% |
| 2011-12-31 | CN¥907.68 Million ≈ $132.82 Million |
+377.02% |
| 2010-12-31 | CN¥190.28 Million ≈ $27.84 Million |
+32.13% |
| 2009-12-31 | CN¥144.01 Million ≈ $21.07 Million |
+130.83% |
| 2008-12-31 | CN¥62.39 Million ≈ $9.13 Million |
+318.40% |
| 2007-12-31 | CN¥14.91 Million ≈ $2.18 Million |
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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 31104.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.16 Billion | % |
| Total Equity | CN¥-147.79 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 |
|---|---|
|
Jinan High tech Development Co Ltd
SHG:600807
|
$299.03 Million |
|
Maritima De In
SN:MARINSA
|
$299.07 Million |
|
Omega Flex Inc
NASDAQ:OFLX
|
$299.09 Million |
|
Guangzhou Echom Sci&Tech Co Ltd
SHE:002420
|
$299.12 Million |
|
PRUKSA HOLDING
BK:PSH-R
|
$298.84 Million |
|
Beijing E-techstar Co Ltd
SHE:300513
|
$298.83 Million |
|
Wuxi Xinan Technology Co. Ltd. A
SHE:301170
|
$298.81 Million |
|
Hua Jung Components Co Ltd
TWO:5328
|
$298.73 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 2024 to 2025, total equity changed from 126,963,951 to -147,791,660, a change of -274,755,611 (-216.4%).
- Net loss of 274,749,679 reduced equity.
- Dividend payments of 16,957,841 reduced retained earnings.
- Other comprehensive income decreased equity by 73,769,262.
- Other factors increased equity by 90,721,171.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-274.75 Million | -185.9% |
| Dividends Paid | CN¥16.96 Million | -11.47% |
| Other Comprehensive Income | CN¥-73.77 Million | -49.91% |
| Other Changes | CN¥90.72 Million | +61.38% |
| Total Change | CN¥- | -216.40% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.03 | CN¥1.98 | x |
| 2008-12-31 | CN¥0.11 | CN¥1.98 | x |
| 2009-12-31 | CN¥0.18 | CN¥1.98 | x |
| 2010-12-31 | CN¥0.25 | CN¥1.98 | x |
| 2011-12-31 | CN¥1.02 | CN¥1.98 | x |
| 2012-12-31 | CN¥1.11 | CN¥1.98 | x |
| 2013-12-31 | CN¥1.19 | CN¥1.98 | x |
| 2014-12-31 | CN¥1.21 | CN¥1.98 | x |
| 2015-12-31 | CN¥1.16 | CN¥1.98 | x |
| 2016-12-31 | CN¥1.57 | CN¥1.98 | x |
| 2017-12-31 | CN¥1.60 | CN¥1.98 | x |
| 2018-12-31 | CN¥1.13 | CN¥1.98 | x |
| 2019-12-31 | CN¥1.36 | CN¥1.98 | x |
| 2020-12-31 | CN¥1.40 | CN¥1.98 | x |
| 2021-12-31 | CN¥1.33 | CN¥1.98 | x |
| 2022-12-31 | CN¥1.03 | CN¥1.98 | x |
| 2023-12-31 | CN¥0.73 | CN¥1.98 | x |
| 2024-12-31 | CN¥0.12 | CN¥1.98 | x |
| 2025-12-31 | CN¥-0.14 | CN¥1.98 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -362.89%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-9.84%), indicating improving 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 | -67.97% | -129.53% | 0.14x | 3.75x | CN¥-588.40 Million |
| 2024 | -241.94% | -195.45% | 0.07x | 16.76x | CN¥-319.87 Million |
| 2025 | 0.00% | -362.89% | 0.04x | 0.00x | CN¥-259.97 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: $1,040,144,328
- Average return on equity (ROE) among peers: 13.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Superpipe (300198) | CN¥489.76 Million | 34.42% | 3.21x | $298.88 Million |
| China Fangda Group Co Ltd (000055) | $1.30 Billion | 7.46% | 1.82x | $321.27 Million |
| Huasu Holdings Co Ltd (000509) | $346.96 Million | 2.42% | 0.64x | $423.99 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $2.67 Billion | 2.85% | 0.45x | $274.37 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $72.89 Million | 60.48% | 0.86x | $4.75 Billion |
| Yantai Moon Co Ltd (000811) | $197.50 Million | 13.59% | 1.25x | $5.84 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $508.00 Million | 8.40% | 2.64x | $229.86 Million |
| Shandong Luyang Share Co Ltd (002088) | $2.20 Billion | 15.44% | 0.40x | $536.11 Million |
| Everjoy Health Group Co Ltd (002162) | $448.07 Million | 15.31% | 1.40x | $511.41 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $110.91 Million | 10.68% | 1.26x | $251.82 Million |
| Puyang Refractories Group Co Ltd (002225) | $2.55 Billion | 0.72% | 0.92x | $586.93 Million |
About 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