Shandong Iron and Steel Co Ltd

SHG:600022 China Steel
Market Cap
$2.54 Billion
CN¥18.62 Billion CNY
Market Cap Rank
#7264 Global
#1216 in China
Share Price
CN¥1.74
Change (1 day)
+0.00%
52-Week Range
CN¥1.23 - CN¥1.77
All Time High
CN¥2.48
Categories
Companies in China Steel
About

Shandong Iron and Steel Company Ltd. provides iron and steel products in China and internationally. The company offers thick plates, steel and special steel, hot-rolled coils, cold-rolled coils, and steel bars, etc. Its products are used in automotive, petroleum, railways, bridges, construction, electricity, transportation, machinery, shipbuilding, light industry, and household appliances. The co… Read more

Shandong Iron and Steel Co Ltd (600022) - Net Assets

Latest net assets as of September 2025: CN¥28.51 Billion CNY

Based on the latest financial reports, Shandong Iron and Steel Co Ltd (600022) has net assets worth CN¥28.51 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¥66.50 Billion) and total liabilities (CN¥37.99 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¥28.51 Billion
% of Total Assets 42.87%
Annual Growth Rate 14.98%
5-Year Change -9.0%
10-Year Change 21.45%
Growth Volatility 30.16

Shandong Iron and Steel Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Shandong Iron and Steel 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 Shandong Iron and Steel Co Ltd (2001–2024)

The table below shows the annual net assets of Shandong Iron and Steel Co Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥28.07 Billion -8.33%
2023-12-31 CN¥30.62 Billion -3.75%
2022-12-31 CN¥31.81 Billion -2.39%
2021-12-31 CN¥32.59 Billion +5.66%
2020-12-31 CN¥30.85 Billion +2.19%
2019-12-31 CN¥30.19 Billion +3.65%
2018-12-31 CN¥29.13 Billion +12.78%
2017-12-31 CN¥25.82 Billion +14.12%
2016-12-31 CN¥22.63 Billion -2.09%
2015-12-31 CN¥23.11 Billion +98.14%
2014-12-31 CN¥11.67 Billion -10.68%
2013-12-31 CN¥13.06 Billion +1.17%
2012-12-31 CN¥12.91 Billion +77.91%
2011-12-31 CN¥7.26 Billion +0.53%
2010-12-31 CN¥7.22 Billion +1.17%
2009-12-31 CN¥7.13 Billion -2.46%
2008-12-31 CN¥7.31 Billion +30.66%
2007-12-31 CN¥5.60 Billion +22.44%
2006-12-31 CN¥4.57 Billion +12.64%
2005-12-31 CN¥4.06 Billion +15.98%
2004-12-31 CN¥3.50 Billion +93.54%
2003-12-31 CN¥1.81 Billion +19.74%
2002-12-31 CN¥1.51 Billion +33.36%
2001-12-31 CN¥1.13 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Iron and 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 decreased by 93085139513.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥10.70 Billion 56.96%
Other Comprehensive Income CN¥1.56 Billion 8.31%
Other Components CN¥7.46 Billion 39.72%
Total Equity CN¥18.78 Billion 100.00%

Shandong Iron and Steel Co Ltd Competitors by Market Cap

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

Company Market Cap
Formula Systems (1985) Ltd
F:FSY
 		$1.01 Billion
Carborundum Universal Limited
NSE:CARBORUNIV
 		$1.01 Billion
United States Antimony Corporation
NYSE MKT:UAMY
 		$1.02 Billion
Heritage Financial Corporation
NASDAQ:HFWA
 		$1.02 Billion
Neptune Insurance Holdings Inc.
NYSE:NP
 		$1.01 Billion
Lufax Holding Ltd
NYSE:LU
 		$1.01 Billion
AQ Group AB (publ)
F:7AQ0
 		$1.01 Billion
Xinxiang Richful Lube Additive Co. Ltd
SHE:300910
 		$1.01 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 21,131,260,942 to 18,782,768,532, a change of -2,348,492,410 (-11.1%).
  • Net loss of 2,257,669,005 reduced equity.
  • Dividend payments of 318,108,729 reduced retained earnings.
  • Other comprehensive income increased equity by 1,551,258,495.
  • Other factors decreased equity by 1,323,973,171.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-2.26 Billion -12.02%
Dividends Paid CN¥318.11 Million -1.69%
Other Comprehensive Income CN¥1.55 Billion +8.26%
Other Changes CN¥-1.32 Billion -7.05%
Total Change CN¥- -11.11%

Book Value vs Market Value Analysis

This analysis compares Shandong Iron and 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: 0.98x
  • 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 4.04x to 0.98x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CN¥0.43 CN¥1.74 x
2002-12-31 CN¥0.57 CN¥1.74 x
2003-12-31 CN¥0.68 CN¥1.74 x
2004-12-31 CN¥1.31 CN¥1.74 x
2005-12-31 CN¥1.52 CN¥1.74 x
2006-12-31 CN¥1.71 CN¥1.74 x
2007-12-31 CN¥1.75 CN¥1.74 x
2008-12-31 CN¥1.79 CN¥1.74 x
2009-12-31 CN¥1.75 CN¥1.74 x
2010-12-31 CN¥1.77 CN¥1.74 x
2011-12-31 CN¥0.86 CN¥1.74 x
2012-12-31 CN¥1.68 CN¥1.74 x
2013-12-31 CN¥1.56 CN¥1.74 x
2014-12-31 CN¥1.39 CN¥1.74 x
2015-12-31 CN¥1.80 CN¥1.74 x
2016-12-31 CN¥1.90 CN¥1.74 x
2017-12-31 CN¥1.65 CN¥1.74 x
2018-12-31 CN¥1.84 CN¥1.74 x
2019-12-31 CN¥1.90 CN¥1.74 x
2020-12-31 CN¥1.96 CN¥1.74 x
2021-12-31 CN¥2.05 CN¥1.74 x
2022-12-31 CN¥2.04 CN¥1.74 x
2023-12-31 CN¥1.97 CN¥1.74 x
2024-12-31 CN¥1.77 CN¥1.74 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Iron and 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): -12.02%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -2.75%
  • • Asset Turnover: 1.26x
  • • Equity Multiplier: 3.48x
  • Recent ROE (-12.02%) is below the historical average (7.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 21.86% 4.89% 1.63x 2.74x CN¥134.30 Million
2002 24.75% 6.06% 1.22x 3.36x CN¥222.02 Million
2003 33.31% 5.90% 1.45x 3.90x CN¥417.72 Million
2004 23.36% 4.20% 1.82x 3.05x CN¥459.66 Million
2005 20.74% 3.45% 1.65x 3.63x CN¥429.04 Million
2006 19.26% 3.25% 1.68x 3.52x CN¥415.68 Million
2007 35.24% 5.82% 1.95x 3.11x CN¥1.40 Billion
2008 10.74% 1.81% 1.55x 3.83x CN¥53.75 Million
2009 0.95% 0.26% 0.88x 4.09x CN¥-641.87 Million
2010 1.18% 0.27% 0.94x 4.57x CN¥-632.94 Million
2011 0.73% 0.06% 2.78x 4.17x CN¥-668.63 Million
2012 -29.85% -5.23% 1.38x 4.14x CN¥-5.12 Billion
2013 1.22% 0.22% 1.37x 3.96x CN¥-1.14 Billion
2014 -12.04% -2.70% 1.10x 4.04x CN¥-2.56 Billion
2015 0.52% 0.22% 0.75x 3.21x CN¥-1.58 Billion
2016 -3.74% -1.20% 0.92x 3.40x CN¥-2.20 Billion
2017 10.64% 4.02% 0.84x 3.15x CN¥116.09 Million
2018 10.45% 3.77% 0.78x 3.57x CN¥89.95 Million
2019 2.79% 0.81% 1.02x 3.35x CN¥-1.50 Billion
2020 3.42% 0.83% 1.27x 3.24x CN¥-1.39 Billion
2021 5.60% 1.11% 1.53x 3.31x CN¥-964.48 Million
2022 2.54% 0.54% 1.48x 3.16x CN¥-1.63 Billion
2023 -1.89% -0.44% 1.36x 3.16x CN¥-2.51 Billion
2024 -12.02% -2.75% 1.26x 3.48x CN¥-4.14 Billion

Industry Comparison

This section compares Shandong Iron and Steel 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
Shandong Iron and Steel Co Ltd (600022) CN¥28.51 Billion 21.86% 1.33x $1.01 Billion
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