Shanghai Phichem Material Co Ltd Class A (300398) - Net Assets
Based on the latest financial reports, Shanghai Phichem Material Co Ltd Class A (300398) has net assets worth CN¥5.13 Billion CNY (≈ $751.31 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¥7.07 Billion ≈ $1.04 Billion USD) and total liabilities (CN¥1.94 Billion ≈ $283.76 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 300398 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.13 Billion |
| % of Total Assets | 72.59% |
| Annual Growth Rate | 29.94% |
| 5-Year Change | 42.28% |
| 10-Year Change | 466.03% |
| Growth Volatility | 53.21 |
Shanghai Phichem Material Co Ltd Class A - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Phichem Material Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Phichem Material Co Ltd Class A total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Phichem Material Co Ltd Class A (2011–2024)
The table below shows the annual net assets of Shanghai Phichem Material Co Ltd Class A from 2011 to 2024. For live valuation and market cap data, see 300398 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.15 Billion ≈ $607.78 Million |
+5.16% |
| 2023-12-31 | CN¥3.95 Billion ≈ $577.96 Million |
+3.43% |
| 2022-12-31 | CN¥3.82 Billion ≈ $558.82 Million |
+17.59% |
| 2021-12-31 | CN¥3.25 Billion ≈ $475.21 Million |
+11.25% |
| 2020-12-31 | CN¥2.92 Billion ≈ $427.17 Million |
+18.01% |
| 2019-12-31 | CN¥2.47 Billion ≈ $361.99 Million |
+10.48% |
| 2018-12-31 | CN¥2.24 Billion ≈ $327.64 Million |
+13.62% |
| 2017-12-31 | CN¥1.97 Billion ≈ $288.36 Million |
+152.26% |
| 2016-12-31 | CN¥781.17 Million ≈ $114.31 Million |
+6.46% |
| 2015-12-31 | CN¥733.79 Million ≈ $107.38 Million |
+13.87% |
| 2014-12-31 | CN¥644.39 Million ≈ $94.29 Million |
+168.19% |
| 2013-12-31 | CN¥240.28 Million ≈ $35.16 Million |
+30.25% |
| 2012-12-31 | CN¥184.47 Million ≈ $26.99 Million |
+33.85% |
| 2011-12-31 | CN¥137.83 Million ≈ $20.17 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Phichem Material Co Ltd Class A'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 3861.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.08 Billion | 51.61% |
| Common Stock | CN¥530.09 Million | 13.18% |
| Other Comprehensive Income | CN¥263.95 Million | 6.56% |
| Other Components | CN¥1.15 Billion | 28.66% |
| Total Equity | CN¥4.02 Billion | 100.00% |
Shanghai Phichem Material Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shanghai Phichem Material Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LG Household & Healthcare
KO:051900
|
$2.52 Billion |
|
Leyard Optoelectronic
SHE:300296
|
$2.52 Billion |
|
California Water Service Group
NYSE:CWT
|
$2.52 Billion |
|
Northern Oil & Gas Inc
NYSE:NOG
|
$2.53 Billion |
|
XiaMen HongXin Electron-tech Co Ltd
SHE:300657
|
$2.52 Billion |
|
Dayamitra Telekomunikasi PT
JK:MTEL
|
$2.52 Billion |
|
Eutelsat Communications SA
PA:ETL
|
$2.52 Billion |
|
SIMS LTD. ADR
F:I8MA
|
$2.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Phichem Material Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,835,311,706 to 4,023,110,219, a change of 187,798,513 (4.9%).
- Net income of 246,526,807 contributed positively to equity growth.
- Dividend payments of 90,329,412 reduced retained earnings.
- Other comprehensive income increased equity by 263,954,101.
- Other factors decreased equity by 232,352,983.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥246.53 Million | +6.13% |
| Dividends Paid | CN¥90.33 Million | -2.25% |
| Other Comprehensive Income | CN¥263.95 Million | +6.56% |
| Other Changes | CN¥-232.35 Million | -5.78% |
| Total Change | CN¥- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Phichem Material Co Ltd Class A'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: 3.96x
- 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 72.03x to 3.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.42 | CN¥30.41 | x |
| 2012-12-31 | CN¥0.56 | CN¥30.41 | x |
| 2013-12-31 | CN¥0.73 | CN¥30.41 | x |
| 2014-12-31 | CN¥2.37 | CN¥30.41 | x |
| 2015-12-31 | CN¥1.68 | CN¥30.41 | x |
| 2016-12-31 | CN¥1.78 | CN¥30.41 | x |
| 2017-12-31 | CN¥5.16 | CN¥30.41 | x |
| 2018-12-31 | CN¥5.15 | CN¥30.41 | x |
| 2019-12-31 | CN¥4.73 | CN¥30.41 | x |
| 2020-12-31 | CN¥5.56 | CN¥30.41 | x |
| 2021-12-31 | CN¥6.20 | CN¥30.41 | x |
| 2022-12-31 | CN¥7.16 | CN¥30.41 | x |
| 2023-12-31 | CN¥7.17 | CN¥30.41 | x |
| 2024-12-31 | CN¥7.67 | CN¥30.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Phichem Material Co Ltd Class A 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): 6.13%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.45%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.64x
- Recent ROE (6.13%) is below the historical average (13.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 30.80% | 20.84% | 0.84x | 1.77x | CN¥28.67 Million |
| 2012 | 25.29% | 17.85% | 0.87x | 1.63x | CN¥28.21 Million |
| 2013 | 27.23% | 20.24% | 0.77x | 1.74x | CN¥41.41 Million |
| 2014 | 13.98% | 22.38% | 0.48x | 1.29x | CN¥25.64 Million |
| 2015 | 14.34% | 24.35% | 0.43x | 1.36x | CN¥31.83 Million |
| 2016 | 8.68% | 17.34% | 0.34x | 1.46x | CN¥-10.32 Million |
| 2017 | 4.36% | 10.22% | 0.28x | 1.52x | CN¥-108.31 Million |
| 2018 | 13.02% | 19.67% | 0.41x | 1.60x | CN¥65.90 Million |
| 2019 | 10.58% | 16.86% | 0.32x | 1.96x | CN¥13.89 Million |
| 2020 | 8.08% | 12.33% | 0.34x | 1.95x | CN¥-54.69 Million |
| 2021 | 12.20% | 14.69% | 0.45x | 1.85x | CN¥69.49 Million |
| 2022 | 11.74% | 14.95% | 0.46x | 1.71x | CN¥64.35 Million |
| 2023 | 2.93% | 4.12% | 0.42x | 1.69x | CN¥-271.18 Million |
| 2024 | 6.13% | 8.45% | 0.44x | 1.64x | CN¥-155.78 Million |
Industry Comparison
This section compares Shanghai Phichem Material Co Ltd Class A's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Phichem Material Co Ltd Class A (300398) | CN¥5.13 Billion | 30.80% | 0.38x | $2.52 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $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) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Shanghai Phichem Material Co Ltd Class A
PhiChem Corporation offers high-performance materials solutions. The company offers UV Curable Materials comprising all-important base resins for optic fiber and cable coatings; and semiconductor materials, including integrated circuit manufacturing materials, wafer level packaging materials, chip level packaging materials, and printed wiring board fabrication materials. It also provides display … Read more