Shandong Kaisheng New Materials Co.Ltd. (301069) - Net Assets
Based on the latest financial reports, Shandong Kaisheng New Materials Co.Ltd. (301069) has net assets worth CN¥2.30 Billion CNY (≈ $337.24 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¥2.49 Billion ≈ $364.06 Million USD) and total liabilities (CN¥183.26 Million ≈ $26.82 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 Shandong Kaisheng New Materials Co.Ltd. (301069) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.30 Billion |
| % of Total Assets | 92.63% |
| Annual Growth Rate | 19.64% |
| 5-Year Change | 67.84% |
| 10-Year Change | N/A |
| Growth Volatility | 19.88 |
Shandong Kaisheng New Materials Co.Ltd. - Net Assets Trend (2019–2025)
This chart illustrates how Shandong Kaisheng New Materials Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. See 301069 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Kaisheng New Materials Co.Ltd. (2019–2025)
The table below shows the annual net assets of Shandong Kaisheng New Materials Co.Ltd. from 2019 to 2025. For live valuation and market cap data, see Shandong Kaisheng New Materials Co.Ltd. (301069) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.14 Billion ≈ $313.16 Million |
+30.81% |
| 2024-12-31 | CN¥1.64 Billion ≈ $239.41 Million |
-1.97% |
| 2023-12-31 | CN¥1.67 Billion ≈ $244.22 Million |
+17.46% |
| 2022-12-31 | CN¥1.42 Billion ≈ $207.92 Million |
+11.44% |
| 2021-12-31 | CN¥1.28 Billion ≈ $186.58 Million |
+59.84% |
| 2020-12-31 | CN¥797.70 Million ≈ $116.73 Million |
+9.34% |
| 2019-12-31 | CN¥729.55 Million ≈ $106.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Kaisheng New Materials 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 288.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥588.25 Million | 27.49% |
| Other Components | CN¥1.55 Billion | 72.51% |
| Total Equity | CN¥2.14 Billion | 100.00% |
Shandong Kaisheng New Materials Co.Ltd. Competitors by Market Cap
The table below lists competitors of Shandong Kaisheng New Materials Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Yulon Finance Corp
TW:9941
|
$1.48 Billion |
|
Métropole Télévision S.A.
PA:MMT
|
$1.48 Billion |
|
Aptus Value Housing Finance India Limited
NSE:APTUS
|
$1.48 Billion |
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
$1.48 Billion |
|
Jiangsu Rongtai Industry Co. Ltd.
SHG:605133
|
$1.48 Billion |
|
YFY Inc
TW:1907
|
$1.48 Billion |
|
Qianhe Condiment&Food Co Ltd
SHG:603027
|
$1.47 Billion |
|
Aryzta AG
SW:ARYN
|
$1.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Kaisheng New Materials Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,636,081,716 to 2,140,083,761, a change of 504,002,045 (30.8%).
- Net income of 128,369,326 contributed positively to equity growth.
- Dividend payments of 44,663,657 reduced retained earnings.
- Other factors increased equity by 420,296,375.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥128.37 Million | +6.0% |
| Dividends Paid | CN¥44.66 Million | -2.09% |
| Other Changes | CN¥420.30 Million | +19.64% |
| Total Change | CN¥- | 30.81% |
Book Value vs Market Value Analysis
This analysis compares Shandong Kaisheng New Materials 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: 4.64x
- 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 increased from 3.44x to 4.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥6.47 | CN¥22.26 | x |
| 2020-12-31 | CN¥2.21 | CN¥22.26 | x |
| 2021-12-31 | CN¥3.03 | CN¥22.26 | x |
| 2022-12-31 | CN¥3.37 | CN¥22.26 | x |
| 2023-12-31 | CN¥3.96 | CN¥22.26 | x |
| 2024-12-31 | CN¥3.89 | CN¥22.26 | x |
| 2025-12-31 | CN¥4.80 | CN¥22.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Kaisheng New Materials 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): 6.00%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.51%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.14x
- Recent ROE (6.00%) is below the historical average (12.79%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 18.82% | 20.84% | 0.81x | 1.12x | CN¥64.35 Million |
| 2020 | 20.12% | 25.72% | 0.69x | 1.13x | CN¥80.71 Million |
| 2021 | 15.17% | 21.99% | 0.62x | 1.12x | CN¥65.87 Million |
| 2022 | 16.55% | 23.21% | 0.61x | 1.18x | CN¥92.82 Million |
| 2023 | 9.49% | 16.01% | 0.40x | 1.49x | CN¥-8.54 Million |
| 2024 | 3.42% | 6.03% | 0.39x | 1.46x | CN¥-107.62 Million |
| 2025 | 6.00% | 12.51% | 0.42x | 1.14x | CN¥-85.64 Million |
Industry Comparison
This section compares Shandong Kaisheng New Materials Co.Ltd.'s net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $814,039,775
- Average return on equity (ROE) among peers: 11.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Kaisheng New Materials Co.Ltd. (301069) | CN¥2.30 Billion | 18.82% | 0.08x | $1.48 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.66 Billion | 14.45% | 1.50x | $940.88 Million |
| Sichuan Chemical Co Ltd (000155) | $452.40 Million | 20.36% | 1.97x | $3.48 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.56 Billion | 4.43% | 0.36x | $11.21 Billion |
| Zangge Holding Co Ltd (000408) | $500.14 Million | 2.06% | 0.92x | $17.56 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $2.10 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $152.09 Million | 4.78% | 1.62x | $348.02 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $560.43 Million | 4.68% | 0.78x | $891.94 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $342.74 Million | 13.58% | 2.48x | $376.61 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $702.67 Million | 17.21% | 0.08x | $286.04 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $35.88 Million | 31.04% | 3.02x | $3.42 Billion |
About Shandong Kaisheng New Materials Co.Ltd.
Shandong Kaisheng New Materials Co.,Ltd. engages in the research and development, production, and sale of fine chemical products and new polymer materials in Mainland China, Japan, South Korea, the United States, and internationally. The company offers inorganic chemicals, including thionyl chloride and sulfuryl chloride; anthracene chlorides, such as aramid polymerization monomers, p-nitrobenzoy… Read more