Shandong Ruifeng Chemical Co Ltd (300243) - Net Assets
Based on the latest financial reports, Shandong Ruifeng Chemical Co Ltd (300243) has net assets worth CN¥1.07 Billion CNY (≈ $157.07 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.34 Billion ≈ $342.43 Million USD) and total liabilities (CN¥1.27 Billion ≈ $185.36 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. Check financial resilience of Shandong Ruifeng Chemical Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.07 Billion |
| % of Total Assets | 45.87% |
| Annual Growth Rate | 23.91% |
| 5-Year Change | 49.14% |
| 10-Year Change | 143.64% |
| Growth Volatility | 48.47 |
Shandong Ruifeng Chemical Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Shandong Ruifeng Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Ruifeng Chemical Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Ruifeng Chemical Co Ltd (2008–2024)
The table below shows the annual net assets of Shandong Ruifeng Chemical Co Ltd from 2008 to 2024. For live valuation and market cap data, see Shandong Ruifeng Chemical Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.14 Billion ≈ $166.41 Million |
-0.32% |
| 2023-12-31 | CN¥1.14 Billion ≈ $166.94 Million |
+21.95% |
| 2022-12-31 | CN¥935.49 Million ≈ $136.89 Million |
+4.64% |
| 2021-12-31 | CN¥894.04 Million ≈ $130.83 Million |
+17.25% |
| 2020-12-31 | CN¥762.51 Million ≈ $111.58 Million |
+12.96% |
| 2019-12-31 | CN¥675.03 Million ≈ $98.78 Million |
+12.23% |
| 2018-12-31 | CN¥601.46 Million ≈ $88.01 Million |
+17.75% |
| 2017-12-31 | CN¥510.79 Million ≈ $74.74 Million |
+6.26% |
| 2016-12-31 | CN¥480.69 Million ≈ $70.34 Million |
+2.98% |
| 2015-12-31 | CN¥466.76 Million ≈ $68.30 Million |
+10.27% |
| 2014-12-31 | CN¥423.30 Million ≈ $61.94 Million |
+7.63% |
| 2013-12-31 | CN¥393.28 Million ≈ $57.55 Million |
+8.01% |
| 2012-12-31 | CN¥364.13 Million ≈ $53.28 Million |
+7.78% |
| 2011-12-31 | CN¥337.84 Million ≈ $49.44 Million |
+193.98% |
| 2010-12-31 | CN¥114.92 Million ≈ $16.82 Million |
+61.30% |
| 2009-12-31 | CN¥71.25 Million ≈ $10.43 Million |
+93.38% |
| 2008-12-31 | CN¥36.84 Million ≈ $5.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Ruifeng Chemical 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 grown by 2010.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥564.17 Million | 49.60% |
| Common Stock | CN¥250.43 Million | 22.01% |
| Other Components | CN¥322.96 Million | 28.39% |
| Total Equity | CN¥1.14 Billion | 100.00% |
Shandong Ruifeng Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Ruifeng Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tianjin Jiuri New Materials Co Ltd
SHG:688199
|
$646.44 Million |
|
Solarvest Holdings Bhd
KLSE:0215
|
$646.49 Million |
|
Princess Private Equity Holding Ltd
LSE:PEY
|
$646.59 Million |
|
Levinstein Eng
TA:LEVI
|
$646.80 Million |
|
Zhejiang Tongli Transmission Technology Co. Ltd. A
SHE:301255
|
$646.39 Million |
|
Idp Education Ltd
AU:IEL
|
$645.97 Million |
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$645.94 Million |
|
Seobu T&D Co. Ltd
KQ:006730
|
$645.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Ruifeng Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,140,874,089 to 1,137,551,682, a change of -3,322,407 (-0.3%).
- Net income of 22,076,437 contributed positively to equity growth.
- Dividend payments of 38,489,539 reduced retained earnings.
- Other factors increased equity by 13,090,695.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.08 Million | +1.94% |
| Dividends Paid | CN¥38.49 Million | -3.38% |
| Other Changes | CN¥13.09 Million | +1.15% |
| Total Change | CN¥- | -0.29% |
Book Value vs Market Value Analysis
This analysis compares Shandong Ruifeng Chemical 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: 3.88x
- 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 81.85x to 3.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.22 | CN¥17.64 | x |
| 2009-12-31 | CN¥0.42 | CN¥17.64 | x |
| 2010-12-31 | CN¥0.68 | CN¥17.64 | x |
| 2011-12-31 | CN¥1.77 | CN¥17.64 | x |
| 2012-12-31 | CN¥1.59 | CN¥17.64 | x |
| 2013-12-31 | CN¥1.77 | CN¥17.64 | x |
| 2014-12-31 | CN¥1.87 | CN¥17.64 | x |
| 2015-12-31 | CN¥2.06 | CN¥17.64 | x |
| 2016-12-31 | CN¥2.11 | CN¥17.64 | x |
| 2017-12-31 | CN¥2.27 | CN¥17.64 | x |
| 2018-12-31 | CN¥2.60 | CN¥17.64 | x |
| 2019-12-31 | CN¥2.94 | CN¥17.64 | x |
| 2020-12-31 | CN¥3.23 | CN¥17.64 | x |
| 2021-12-31 | CN¥3.75 | CN¥17.64 | x |
| 2022-12-31 | CN¥4.03 | CN¥17.64 | x |
| 2023-12-31 | CN¥4.82 | CN¥17.64 | x |
| 2024-12-31 | CN¥4.54 | CN¥17.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Ruifeng Chemical 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): 1.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.10%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.01x
- Recent ROE (1.94%) is below the historical average (14.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 40.64% | 5.09% | 1.68x | 4.75x | CN¥11.29 Million |
| 2009 | 48.29% | 8.70% | 1.74x | 3.20x | CN¥27.28 Million |
| 2010 | 38.00% | 7.83% | 1.80x | 2.69x | CN¥32.18 Million |
| 2011 | 11.56% | 5.10% | 1.34x | 1.69x | CN¥5.28 Million |
| 2012 | 9.42% | 4.56% | 1.17x | 1.77x | CN¥-2.10 Million |
| 2013 | 7.17% | 3.72% | 1.02x | 1.88x | CN¥-11.12 Million |
| 2014 | 8.25% | 4.13% | 0.99x | 2.03x | CN¥-7.40 Million |
| 2015 | 10.14% | 5.88% | 0.65x | 2.67x | CN¥633.69K |
| 2016 | 3.02% | 1.66% | 1.01x | 1.80x | CN¥-33.55 Million |
| 2017 | 5.99% | 2.79% | 1.25x | 1.72x | CN¥-20.46 Million |
| 2018 | 14.99% | 6.24% | 1.37x | 1.76x | CN¥30.04 Million |
| 2019 | 11.04% | 6.14% | 1.16x | 1.55x | CN¥7.02 Million |
| 2020 | 11.44% | 6.56% | 0.99x | 1.77x | CN¥10.77 Million |
| 2021 | 10.39% | 5.00% | 1.10x | 1.89x | CN¥3.46 Million |
| 2022 | 6.54% | 3.34% | 0.94x | 2.08x | CN¥-32.41 Million |
| 2023 | 7.48% | 4.80% | 0.82x | 1.91x | CN¥-28.79 Million |
| 2024 | 1.94% | 1.10% | 0.88x | 2.01x | CN¥-91.68 Million |
Industry Comparison
This section compares Shandong Ruifeng Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $6,515,935,693
- Average return on equity (ROE) among peers: 10.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Ruifeng Chemical Co Ltd (300243) | CN¥1.07 Billion | 40.64% | 1.18x | $646.42 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $672.68 Million | 30.27% | 1.18x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $7.37 Billion | 5.79% | 2.23x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $18.07 Billion | 25.56% | 0.78x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.06 Billion | 0.44% | 0.74x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $12.51 Billion | 8.46% | 0.45x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.89 Billion | 14.40% | 0.47x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $4.96 Billion | 3.24% | 2.27x | $605.40 Million |
About Shandong Ruifeng Chemical Co Ltd
Shandong Ruifeng Chemical Co., Ltd. manufactures and sells PVC additives in China. Its products include ACR processing aids and impact modifiers, acrylic processing aids, MBS impact modifiers, chlorinated polyethylene CPE-135A, PC/ABS impact modifiers, ABS high rubber powders, ASA high rubber powders, epichlorohydrin, poly butylene adipate-co-terephthalate, PVC processing aids, ultra-high molecul… Read more