Shengtak New Material Co Ltd
Shengtak New Material Co., Ltd engages in the research and development, production, and sale of seamless steel pipes for use in industrial energy equipment in China and internationally. The company offers seamless steel tubes, which include alloy steel, stainless steel, and carbon steel pipes. It also provides cold rolled precision steel, cold-drawn low-carbon, fluid transportation, integrated sp… Read more
Shengtak New Material Co Ltd (300881) - Net Assets
Latest net assets as of September 2025: CN¥1.21 Billion CNY
Based on the latest financial reports, Shengtak New Material Co Ltd (300881) has net assets worth CN¥1.21 Billion 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¥3.32 Billion) and total liabilities (CN¥2.11 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¥1.21 Billion |
| % of Total Assets | 36.45% |
| Annual Growth Rate | 17.25% |
| 5-Year Change | 57.08% |
| 10-Year Change | 383.13% |
| Growth Volatility | 22.72 |
Shengtak New Material Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Shengtak New Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shengtak New Material Co Ltd (2007–2024)
The table below shows the annual net assets of Shengtak New Material Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.16 Billion | +8.61% |
| 2023-12-31 | CN¥1.07 Billion | +27.02% |
| 2022-12-31 | CN¥839.02 Million | +8.11% |
| 2021-12-31 | CN¥776.09 Million | +5.33% |
| 2020-12-31 | CN¥736.82 Million | +97.83% |
| 2019-12-31 | CN¥372.45 Million | +23.00% |
| 2018-12-31 | CN¥302.80 Million | +25.25% |
| 2017-12-31 | CN¥241.75 Million | +14.13% |
| 2016-12-31 | CN¥211.82 Million | -11.58% |
| 2014-12-31 | CN¥239.57 Million | +13.23% |
| 2013-12-31 | CN¥211.57 Million | +12.73% |
| 2012-12-31 | CN¥187.69 Million | +9.07% |
| 2011-12-31 | CN¥172.08 Million | +27.11% |
| 2010-12-31 | CN¥135.38 Million | +6.47% |
| 2009-12-31 | CN¥127.15 Million | +26.18% |
| 2008-12-31 | CN¥100.77 Million | +30.36% |
| 2007-12-31 | CN¥77.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shengtak New Material 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 915.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥487.92 Million | 46.34% |
| Common Stock | CN¥110.00 Million | 10.45% |
| Other Comprehensive Income | CN¥63.44 Million | 6.02% |
| Other Components | CN¥391.55 Million | 37.19% |
| Total Equity | CN¥1.05 Billion | 100.00% |
Shengtak New Material Co Ltd Competitors by Market Cap
The table below lists competitors of Shengtak New Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mi Technovation Berhad
PINK:MITNF
|
$177.21 Million |
|
Yingde Greatchem Chemicals Co. Ltd. A
SHE:300804
|
$177.25 Million |
|
Entrepreneur Universe Bright Group
PINK:EUBG
|
$177.30 Million |
|
Henan BCCY Environmental Energy Co. Ltd
SHE:300614
|
$177.35 Million |
|
Shandong Huapeng Glass Co Ltd
SHG:603021
|
$177.13 Million |
|
OmniAb Inc.
NASDAQ:OABI
|
$177.13 Million |
|
Pharmagest Interactive
LSE:0R9T
|
$177.12 Million |
|
Xiangtan Yongda Mach Mnfg Co
SHE:001239
|
$177.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shengtak New Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 923,827,881 to 1,052,904,609, a change of 129,076,728 (14.0%).
- Net income of 225,800,982 contributed positively to equity growth.
- Dividend payments of 80,745,186 reduced retained earnings.
- Share repurchases of 11,243,814 reduced equity.
- Other comprehensive income increased equity by 17,812,550.
- Other factors decreased equity by 22,547,804.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥225.80 Million | +21.45% |
| Dividends Paid | CN¥80.75 Million | -7.67% |
| Share Repurchases | CN¥11.24 Million | -1.07% |
| Other Comprehensive Income | CN¥17.81 Million | +1.69% |
| Other Changes | CN¥-22.55 Million | -2.14% |
| Total Change | CN¥- | 13.97% |
Book Value vs Market Value Analysis
This analysis compares Shengtak New Material 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: 4.84x
- 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 6.01x to 4.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥7.73 | CN¥46.51 | x |
| 2017-12-31 | CN¥5.82 | CN¥46.51 | x |
| 2018-12-31 | CN¥3.69 | CN¥46.51 | x |
| 2019-12-31 | CN¥4.51 | CN¥46.51 | x |
| 2020-12-31 | CN¥8.10 | CN¥46.51 | x |
| 2021-12-31 | CN¥7.01 | CN¥46.51 | x |
| 2022-12-31 | CN¥7.63 | CN¥46.51 | x |
| 2023-12-31 | CN¥8.40 | CN¥46.51 | x |
| 2024-12-31 | CN¥9.61 | CN¥46.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shengtak New Material 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): 21.45%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.48%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.95x
- Recent ROE (21.45%) is above the historical average (15.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 24.37% | 9.63% | 1.08x | 2.35x | CN¥11.11 Million |
| 2008 | 23.29% | 3.27% | 2.61x | 2.73x | CN¥13.39 Million |
| 2009 | 20.75% | 4.20% | 1.53x | 3.22x | CN¥13.66 Million |
| 2010 | 24.67% | 7.13% | 1.09x | 3.16x | CN¥19.86 Million |
| 2011 | 21.33% | 5.89% | 1.05x | 3.44x | CN¥19.49 Million |
| 2012 | 8.32% | 2.96% | 0.96x | 2.93x | CN¥-3.16 Million |
| 2013 | 11.29% | 3.97% | 0.95x | 2.98x | CN¥2.73 Million |
| 2014 | 11.69% | 4.40% | 0.99x | 2.69x | CN¥4.04 Million |
| 2016 | 20.22% | 7.49% | 0.93x | 2.90x | CN¥21.65 Million |
| 2017 | 8.28% | 2.63% | 1.12x | 2.82x | CN¥-4.16 Million |
| 2018 | 20.21% | 7.01% | 1.10x | 2.63x | CN¥30.93 Million |
| 2019 | 18.76% | 7.73% | 0.97x | 2.51x | CN¥32.64 Million |
| 2020 | 7.07% | 5.91% | 0.76x | 1.56x | CN¥-21.58 Million |
| 2021 | 6.74% | 4.66% | 0.75x | 1.94x | CN¥-25.26 Million |
| 2022 | 8.75% | 6.09% | 0.76x | 1.90x | CN¥-10.45 Million |
| 2023 | 13.04% | 6.08% | 0.70x | 3.07x | CN¥28.12 Million |
| 2024 | 21.45% | 8.48% | 0.86x | 2.95x | CN¥120.51 Million |
Industry Comparison
This section compares Shengtak New Material Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,874,696,979
- Average return on equity (ROE) among peers: 20.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shengtak New Material Co Ltd (300881) | CN¥1.21 Billion | 24.37% | 1.74x | $177.17 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $4.40 Billion | 81.30% | 0.74x | $1.84 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $1.27 Billion |
| Sgis Songshan Co Ltd (000717) | $8.00 Billion | 22.80% | 1.15x | $443.11 Million |
| Bengang Steel Plates Co Ltd (000761) | $20.01 Billion | 2.78% | 2.03x | $452.44 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $1.51 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $27.34 Billion | 16.91% | 1.72x | $1.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.18 Billion | 1.14% | 1.80x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $1.19 Billion |
| Hunan Valin Steel Co Ltd (000932) | $1.39 Billion | 22.60% | 1.61x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $6.43 Billion | 16.93% | 1.18x | $911.24 Million |