Baoshan Iron & Steel Co Ltd (600019) - Net Assets

Latest as of September 2025: CN¥223.31 Billion CNY ≈ $32.68 Billion USD

Based on the latest financial reports, Baoshan Iron & Steel Co Ltd (600019) has net assets worth CN¥223.31 Billion CNY (≈ $32.68 Billion 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¥376.26 Billion ≈ $55.06 Billion USD) and total liabilities (CN¥152.95 Billion ≈ $22.38 Billion 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 asset resilience ratio of Baoshan Iron & Steel Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥223.31 Billion
% of Total Assets	59.35%
Annual Growth Rate	10.9%
5-Year Change	8.82%
10-Year Change	79.43%
Growth Volatility	22.0

Baoshan Iron & Steel Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Baoshan Iron & Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600019 asset base for the complete picture of this company's asset base.

Annual Net Assets for Baoshan Iron & Steel Co Ltd (1998–2024)

The table below shows the annual net assets of Baoshan Iron & Steel Co Ltd from 1998 to 2024. For live valuation and market cap data, see Baoshan Iron & Steel Co Ltd (600019) total market value.

Year	Net Assets	Change
2024-12-31	CN¥220.16 Billion ≈ $32.22 Billion	+0.01%
2023-12-31	CN¥220.14 Billion ≈ $32.21 Billion	+1.20%
2022-12-31	CN¥217.53 Billion ≈ $31.83 Billion	+3.01%
2021-12-31	CN¥211.17 Billion ≈ $30.90 Billion	+4.38%
2020-12-31	CN¥202.32 Billion ≈ $29.61 Billion	+5.00%
2019-12-31	CN¥192.67 Billion ≈ $28.19 Billion	+1.95%
2018-12-31	CN¥188.99 Billion ≈ $27.65 Billion	+8.32%
2017-12-31	CN¥174.47 Billion ≈ $25.53 Billion	+8.87%
2016-12-31	CN¥160.25 Billion ≈ $23.45 Billion	+30.60%
2015-12-31	CN¥122.70 Billion ≈ $17.96 Billion	-1.69%
2014-12-31	CN¥124.82 Billion ≈ $18.26 Billion	+3.32%
2013-12-31	CN¥120.80 Billion ≈ $17.68 Billion	+0.70%
2012-12-31	CN¥119.96 Billion ≈ $17.55 Billion	+3.68%
2011-12-31	CN¥115.70 Billion ≈ $16.93 Billion	+3.49%
2010-12-31	CN¥111.80 Billion ≈ $16.36 Billion	+10.33%
2009-12-31	CN¥101.33 Billion ≈ $14.83 Billion	+3.55%
2008-12-31	CN¥97.86 Billion ≈ $14.32 Billion	-7.77%
2007-12-31	CN¥106.10 Billion ≈ $15.53 Billion	+22.05%
2006-12-31	CN¥86.94 Billion ≈ $12.72 Billion	+10.08%
2005-12-31	CN¥78.98 Billion ≈ $11.56 Billion	+87.98%
2004-12-31	CN¥42.01 Billion ≈ $6.15 Billion	+17.72%
2003-12-31	CN¥35.69 Billion ≈ $5.22 Billion	+26.63%
2002-12-31	CN¥28.19 Billion ≈ $4.12 Billion	+7.21%
2001-12-31	CN¥26.29 Billion ≈ $3.85 Billion	+3.99%
2000-12-31	CN¥25.28 Billion ≈ $3.70 Billion	+76.78%
1999-12-31	CN¥14.30 Billion ≈ $2.09 Billion	-4.31%
1998-12-31	CN¥14.95 Billion ≈ $2.19 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Baoshan Iron & Steel 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 8880971700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥88.81 Billion	44.28%
Common Stock	CN¥21.99 Billion	10.96%
Other Comprehensive Income	CN¥42.81 Billion	21.35%
Other Components	CN¥46.95 Billion	23.41%
Total Equity	CN¥200.55 Billion	100.00%

Baoshan Iron & Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Baoshan Iron & Steel Co Ltd ranked by their market capitalization.

Company	Market Cap
CHINA SHENHUA EN.A ADR/4 F:IKFC	$20.14 Billion
International Consolidated Airlines Group S.A MC:IAG	$20.16 Billion
Fubon Financial Holding Co Ltd Pref B TW:2881B	$20.18 Billion
China Jushi Co Ltd SHG:600176	$20.21 Billion
CH Robinson Worldwide Inc NASDAQ:CHRW	$20.09 Billion
MTN Group Ltd JSE:MTN	$20.07 Billion
Ningbo Deye Technology Co Ltd SHG:605117	$20.01 Billion
CLP HLDGS LTD ADR/1 HD 5 F:CLP1	$19.96 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Baoshan Iron & Steel Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 200,325,317,000 to 200,548,361,000, a change of 223,044,000 (0.1%).
Net income of 7,361,926,000 contributed positively to equity growth.
Dividend payments of 7,953,587,000 reduced retained earnings.
Share repurchases of 1,382,889,000 reduced equity.
Other comprehensive income increased equity by 1,594,296,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥7.36 Billion	+3.67%
Dividends Paid	CN¥7.95 Billion	-3.97%
Share Repurchases	CN¥1.38 Billion	-0.69%
Other Comprehensive Income	CN¥1.59 Billion	+0.79%
Other Changes	CN¥603.30 Million	+0.3%
Total Change	CN¥-	0.11%

Book Value vs Market Value Analysis

This analysis compares Baoshan Iron & Steel 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: 0.68x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 7.36x to 0.68x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1998-12-31	CN¥0.86	CN¥6.31	x
1999-12-31	CN¥0.82	CN¥6.31	x
2000-12-31	CN¥1.45	CN¥6.31	x
2001-12-31	CN¥1.51	CN¥6.31	x
2002-12-31	CN¥1.62	CN¥6.31	x
2003-12-31	CN¥2.04	CN¥6.31	x
2004-12-31	CN¥2.40	CN¥6.31	x
2005-12-31	CN¥4.27	CN¥6.31	x
2006-12-31	CN¥4.70	CN¥6.31	x
2007-12-31	CN¥5.69	CN¥6.31	x
2008-12-31	CN¥5.27	CN¥6.31	x
2009-12-31	CN¥5.40	CN¥6.31	x
2010-12-31	CN¥5.94	CN¥6.31	x
2011-12-31	CN¥6.08	CN¥6.31	x
2012-12-31	CN¥6.40	CN¥6.31	x
2013-12-31	CN¥6.65	CN¥6.31	x
2014-12-31	CN¥6.90	CN¥6.31	x
2015-12-31	CN¥7.17	CN¥6.31	x
2016-12-31	CN¥6.77	CN¥6.31	x
2017-12-31	CN¥7.37	CN¥6.31	x
2018-12-31	CN¥7.89	CN¥6.31	x
2019-12-31	CN¥8.05	CN¥6.31	x
2020-12-31	CN¥8.33	CN¥6.31	x
2021-12-31	CN¥8.68	CN¥6.31	x
2022-12-31	CN¥8.95	CN¥6.31	x
2023-12-31	CN¥9.20	CN¥6.31	x
2024-12-31	CN¥9.26	CN¥6.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Baoshan Iron & Steel 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): 3.67%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.29%
• Asset Turnover: 0.88x
• Equity Multiplier: 1.82x
Recent ROE (3.67%) is below the historical average (10.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1998	8.28%	4.46%	0.74x	2.50x	CN¥-256.74 Million
1999	15.91%	8.03%	0.79x	2.51x	CN¥844.80 Million
2000	11.84%	9.67%	0.79x	1.54x	CN¥463.95 Million
2001	9.74%	8.78%	0.50x	2.21x	CN¥-67.79 Million
2002	15.16%	12.61%	0.55x	2.18x	CN¥1.45 Billion
2003	19.67%	15.69%	0.73x	1.72x	CN¥3.43 Billion
2004	22.44%	16.02%	0.91x	1.54x	CN¥5.21 Billion
2005	17.01%	10.00%	0.89x	1.91x	CN¥5.22 Billion
2006	15.87%	8.25%	1.04x	1.84x	CN¥4.81 Billion
2007	12.72%	6.62%	0.95x	2.02x	CN¥2.72 Billion
2008	7.02%	3.21%	1.00x	2.18x	CN¥-2.74 Billion
2009	6.11%	3.91%	0.73x	2.13x	CN¥-3.70 Billion
2010	12.31%	6.37%	0.94x	2.06x	CN¥2.41 Billion
2011	6.91%	3.30%	0.96x	2.18x	CN¥-3.29 Billion
2012	9.06%	5.27%	0.87x	1.98x	CN¥-1.05 Billion
2013	5.27%	3.06%	0.84x	2.06x	CN¥-5.23 Billion
2014	5.07%	3.08%	0.82x	2.01x	CN¥-5.63 Billion
2015	0.84%	0.58%	0.70x	2.08x	CN¥-10.34 Billion
2016	6.06%	3.68%	0.69x	2.40x	CN¥-5.90 Billion
2017	11.66%	6.62%	0.83x	2.13x	CN¥2.73 Billion
2018	12.16%	7.02%	0.91x	1.90x	CN¥3.81 Billion
2019	7.06%	4.30%	0.84x	1.95x	CN¥-5.23 Billion
2020	6.87%	4.50%	0.78x	1.97x	CN¥-5.77 Billion
2021	12.38%	6.47%	0.96x	1.99x	CN¥4.54 Billion
2022	6.26%	3.30%	0.92x	2.05x	CN¥-7.28 Billion
2023	5.96%	3.46%	0.92x	1.88x	CN¥-8.09 Billion
2024	3.67%	2.29%	0.88x	1.82x	CN¥-12.69 Billion

Industry Comparison

This section compares Baoshan Iron & Steel Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $13,603,284,210
Average return on equity (ROE) among peers: 10.58%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Baoshan Iron & Steel Co Ltd (600019)	CN¥223.31 Billion	8.28%	0.68x	$20.11 Billion
CITIC Pacific Special Steel Group Co Ltd (000708)	$543.16 Million	26.80%	2.24x	$11.26 Billion
HBIS Co Ltd (000709)	$5.18 Billion	9.50%	0.80x	$3.52 Billion
Sgis Songshan Co Ltd (000717)	$9.51 Billion	19.57%	0.87x	$879.62 Million
Bengang Steel Plates Co Ltd (000761)	$23.07 Billion	10.84%	1.39x	$1.60 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$1.18 Billion	14.45%	0.68x	$2.67 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$25.06 Billion	7.20%	1.63x	$3.54 Billion
Jiangsu Fasten Co Ltd (000890)	$1.16 Billion	1.67%	1.30x	$961.31 Million
Angang Steel Co Ltd Class A (000898)	$52.30 Billion	-4.10%	0.97x	$2.67 Billion
Hunan Valin Steel Co Ltd (000932)	$12.94 Billion	8.26%	1.91x	$4.69 Billion
Beijing Shougang Co Ltd (000959)	$5.09 Billion	11.56%	0.90x	$5.17 Billion

About Baoshan Iron & Steel Co Ltd

SHG:600019 China Steel

Market Cap

$20.11 Billion

CN¥137.44 Billion CNY

Market Cap Rank

#1262 Global

#111 in China

Share Price

CN¥6.31

Change (1 day)

-2.62%

52-Week Range

CN¥6.25 - CN¥7.76

All Time High

CN¥10.32