Baoshan Iron & Steel Co Ltd (600019) - Net Assets
Based on the latest financial reports, Baoshan Iron & Steel Co Ltd (600019) has net assets worth CN¥225.27 Billion CNY (≈ $32.96 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥369.84 Billion ≈ $54.12 Billion USD) and total liabilities (CN¥144.56 Billion ≈ $21.15 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 strategic asset allocation of Baoshan Iron & Steel Co Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥225.27 Billion |
| % of Total Assets | 60.91% |
| Annual Growth Rate | 10.57% |
| 5-Year Change | 6.64% |
| 10-Year Change | 40.52% |
| Growth Volatility | 21.67 |
Baoshan Iron & Steel Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Baoshan Iron & Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 600019 stock market capitalisation.
Annual Net Assets for Baoshan Iron & Steel Co Ltd (1998–2025)
The table below shows the annual net assets of Baoshan Iron & Steel Co Ltd from 1998 to 2025. Also explore Baoshan Iron & Steel Co Ltd (600019) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥225.19 Billion ≈ $32.95 Billion |
+2.28% |
| 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 |
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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 9334372954370.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥93.34 Billion | 45.28% |
| Other Components | CN¥112.82 Billion | 54.72% |
| Total Equity | CN¥206.17 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 |
|---|---|
|
Fair Isaac Corporation
NYSE:FICO
|
$18.64 Billion |
|
Sinopac Financial Holdings Co Ltd
TW:2890
|
$18.66 Billion |
|
PERNOD RIC. SA SP.ADR 1/5
F:PER0
|
$18.69 Billion |
|
Viatris Inc
NASDAQ:VTRS
|
$18.70 Billion |
|
Kasikornbank Public Company Limited
BK:KBANK
|
$18.61 Billion |
|
Hyundai Motor India Ltd
NSE:HYUNDAI
|
$18.59 Billion |
|
Wipro Limited
NSE:WIPRO
|
$18.58 Billion |
|
International Paper
NYSE:IP
|
$18.55 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 2024 to 2025, total equity changed from 200,548,361,000 to 206,165,304,667, a change of 5,616,943,667 (2.8%).
- Net income of 10,345,621,735 contributed positively to equity growth.
- Dividend payments of 5,241,274,250 reduced retained earnings.
- Other comprehensive income decreased equity by 42,807,908,000.
- Other factors increased equity by 43,320,504,182.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.35 Billion | +5.02% |
| Dividends Paid | CN¥5.24 Billion | -2.54% |
| Other Comprehensive Income | CN¥-42.81 Billion | -20.76% |
| Other Changes | CN¥43.32 Billion | +21.01% |
| Total Change | CN¥- | 2.80% |
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: 0.62x
- 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 6.81x to 0.62x 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¥5.84 | x |
| 1999-12-31 | CN¥0.82 | CN¥5.84 | x |
| 2000-12-31 | CN¥1.45 | CN¥5.84 | x |
| 2001-12-31 | CN¥1.51 | CN¥5.84 | x |
| 2002-12-31 | CN¥1.62 | CN¥5.84 | x |
| 2003-12-31 | CN¥2.04 | CN¥5.84 | x |
| 2004-12-31 | CN¥2.40 | CN¥5.84 | x |
| 2005-12-31 | CN¥4.27 | CN¥5.84 | x |
| 2006-12-31 | CN¥4.70 | CN¥5.84 | x |
| 2007-12-31 | CN¥5.69 | CN¥5.84 | x |
| 2008-12-31 | CN¥5.27 | CN¥5.84 | x |
| 2009-12-31 | CN¥5.40 | CN¥5.84 | x |
| 2010-12-31 | CN¥5.94 | CN¥5.84 | x |
| 2011-12-31 | CN¥6.08 | CN¥5.84 | x |
| 2012-12-31 | CN¥6.40 | CN¥5.84 | x |
| 2013-12-31 | CN¥6.65 | CN¥5.84 | x |
| 2014-12-31 | CN¥6.90 | CN¥5.84 | x |
| 2015-12-31 | CN¥7.17 | CN¥5.84 | x |
| 2016-12-31 | CN¥6.77 | CN¥5.84 | x |
| 2017-12-31 | CN¥7.37 | CN¥5.84 | x |
| 2018-12-31 | CN¥7.89 | CN¥5.84 | x |
| 2019-12-31 | CN¥8.05 | CN¥5.84 | x |
| 2020-12-31 | CN¥8.33 | CN¥5.84 | x |
| 2021-12-31 | CN¥8.68 | CN¥5.84 | x |
| 2022-12-31 | CN¥8.95 | CN¥5.84 | x |
| 2023-12-31 | CN¥9.20 | CN¥5.84 | x |
| 2024-12-31 | CN¥9.26 | CN¥5.84 | x |
| 2025-12-31 | CN¥9.46 | CN¥5.84 | 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): 5.02%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.26%
- • Asset Turnover: 0.87x
- • Equity Multiplier: 1.76x
- Recent ROE (5.02%) is below the historical average (9.94%), 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 |
| 2025 | 5.02% | 3.26% | 0.87x | 1.76x | CN¥-10.27 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: $18,918,311,465
- Average return on equity (ROE) among peers: -72.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baoshan Iron & Steel Co Ltd (600019) | CN¥225.27 Billion | 8.28% | 0.64x | $18.61 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $751.74 Million | 14.78% | 2.09x | $9.54 Billion |
| HBIS Co Ltd (000709) | $44.57 Billion | 0.25% | 2.47x | $3.04 Billion |
| Sgis Songshan Co Ltd (000717) | $354.90 Million | -731.34% | 45.66x | $755.48 Million |
| Bengang Steel Plates Co Ltd (000761) | $8.60 Billion | -45.82% | 4.32x | $1.20 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $21.71 Billion | 9.68% | 1.39x | $2.07 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $34.92 Billion | -2.81% | 0.93x | $2.78 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.21 Billion | 0.85% | 1.53x | $451.19 Million |
| Angang Steel Co Ltd Class A (000898) | $52.55 Billion | 3.40% | 0.67x | $2.32 Billion |
| Hunan Valin Steel Co Ltd (000932) | $18.32 Billion | 8.80% | 1.64x | $3.46 Billion |
| Beijing Shougang Co Ltd (000959) | $6.20 Billion | 12.78% | 1.44x | $3.88 Billion |
About Baoshan Iron & Steel Co Ltd
Baoshan Iron & Steel Co., Ltd., together with its subsidiaries, manufactures and sells steel products in China and internationally. It operates through three segments: Steel Manufacturing, Processing and Distribution, and Others. The company offers hot rolled steel; Al-Zn coated and BaoAM; tin plate and TFS; heavy plate; pipe and tube; and bar and wire rod, as well as picked, cold rolled, galvani… Read more