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

Latest as of September 2025: CN¥28.51 Billion CNY ≈ $4.17 Billion USD

Based on the latest financial reports, Shandong Iron and Steel Co Ltd (600022) has net assets worth CN¥28.51 Billion CNY (≈ $4.17 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¥66.50 Billion ≈ $9.73 Billion USD) and total liabilities (CN¥37.99 Billion ≈ $5.56 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 600022 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Shandong Iron and Steel Co Ltd asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Shandong Iron and Steel Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥28.07 Billion ≈ $4.11 Billion	-8.33%
2023-12-31	CN¥30.62 Billion ≈ $4.48 Billion	-3.75%
2022-12-31	CN¥31.81 Billion ≈ $4.66 Billion	-2.39%
2021-12-31	CN¥32.59 Billion ≈ $4.77 Billion	+5.66%
2020-12-31	CN¥30.85 Billion ≈ $4.51 Billion	+2.19%
2019-12-31	CN¥30.19 Billion ≈ $4.42 Billion	+3.65%
2018-12-31	CN¥29.13 Billion ≈ $4.26 Billion	+12.78%
2017-12-31	CN¥25.82 Billion ≈ $3.78 Billion	+14.12%
2016-12-31	CN¥22.63 Billion ≈ $3.31 Billion	-2.09%
2015-12-31	CN¥23.11 Billion ≈ $3.38 Billion	+98.14%
2014-12-31	CN¥11.67 Billion ≈ $1.71 Billion	-10.68%
2013-12-31	CN¥13.06 Billion ≈ $1.91 Billion	+1.17%
2012-12-31	CN¥12.91 Billion ≈ $1.89 Billion	+77.91%
2011-12-31	CN¥7.26 Billion ≈ $1.06 Billion	+0.53%
2010-12-31	CN¥7.22 Billion ≈ $1.06 Billion	+1.17%
2009-12-31	CN¥7.13 Billion ≈ $1.04 Billion	-2.46%
2008-12-31	CN¥7.31 Billion ≈ $1.07 Billion	+30.66%
2007-12-31	CN¥5.60 Billion ≈ $819.13 Million	+22.44%
2006-12-31	CN¥4.57 Billion ≈ $669.02 Million	+12.64%
2005-12-31	CN¥4.06 Billion ≈ $593.93 Million	+15.98%
2004-12-31	CN¥3.50 Billion ≈ $512.09 Million	+93.54%
2003-12-31	CN¥1.81 Billion ≈ $264.59 Million	+19.74%
2002-12-31	CN¥1.51 Billion ≈ $220.97 Million	+33.36%
2001-12-31	CN¥1.13 Billion ≈ $165.70 Million	--

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
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd SHE:000552	$2.26 Billion
Talos Energy NYSE:TALO	$2.26 Billion
Hefei Chipmore Technology Co. Ltd. A SHG:688352	$2.26 Billion
HORNBACH Baumarkt AG HM:HBM	$2.26 Billion
Sarda Energy & Minerals Limited NSE:SARDAEN	$2.25 Billion
BB Biotech AG SW:BION	$2.25 Billion
Wuhan PS Information Tech SHE:300184	$2.25 Billion
BW LPG Limited F:BW9	$2.25 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: 0.81x
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 3.34x to 0.81x 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¥1.44	x
2002-12-31	CN¥0.57	CN¥1.44	x
2003-12-31	CN¥0.68	CN¥1.44	x
2004-12-31	CN¥1.31	CN¥1.44	x
2005-12-31	CN¥1.52	CN¥1.44	x
2006-12-31	CN¥1.71	CN¥1.44	x
2007-12-31	CN¥1.75	CN¥1.44	x
2008-12-31	CN¥1.79	CN¥1.44	x
2009-12-31	CN¥1.75	CN¥1.44	x
2010-12-31	CN¥1.77	CN¥1.44	x
2011-12-31	CN¥0.86	CN¥1.44	x
2012-12-31	CN¥1.68	CN¥1.44	x
2013-12-31	CN¥1.56	CN¥1.44	x
2014-12-31	CN¥1.39	CN¥1.44	x
2015-12-31	CN¥1.80	CN¥1.44	x
2016-12-31	CN¥1.90	CN¥1.44	x
2017-12-31	CN¥1.65	CN¥1.44	x
2018-12-31	CN¥1.84	CN¥1.44	x
2019-12-31	CN¥1.90	CN¥1.44	x
2020-12-31	CN¥1.96	CN¥1.44	x
2021-12-31	CN¥2.05	CN¥1.44	x
2022-12-31	CN¥2.04	CN¥1.44	x
2023-12-31	CN¥1.97	CN¥1.44	x
2024-12-31	CN¥1.77	CN¥1.44	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: $20,845,949,318
Average return on equity (ROE) among peers: 7.63%

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	$2.25 Billion
CITIC Pacific Special Steel Group Co Ltd (000708)	$32.97 Billion	23.59%	1.57x	$11.26 Billion
HBIS Co Ltd (000709)	$44.79 Billion	0.26%	2.73x	$3.52 Billion
Sgis Songshan Co Ltd (000717)	$9.19 Billion	-14.12%	1.19x	$879.62 Million
Bengang Steel Plates Co Ltd (000761)	$15.56 Billion	5.11%	1.64x	$1.60 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$14.00 Billion	9.04%	1.87x	$2.67 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$33.44 Billion	5.19%	1.04x	$3.54 Billion
Jiangsu Fasten Co Ltd (000890)	$211.95 Million	0.21%	7.68x	$961.31 Million
Angang Steel Co Ltd Class A (000898)	$10.13 Billion	17.53%	0.51x	$2.67 Billion
Hunan Valin Steel Co Ltd (000932)	$14.58 Billion	28.26%	4.14x	$4.69 Billion
Beijing Shougang Co Ltd (000959)	$33.58 Billion	1.19%	2.79x	$5.17 Billion

About Shandong Iron and Steel Co Ltd

SHG:600022 China Steel

Market Cap

$2.25 Billion

CN¥15.41 Billion CNY

Market Cap Rank

#5841 Global

#1233 in China

Share Price

CN¥1.44

Change (1 day)

-1.37%

52-Week Range

CN¥1.29 - CN¥1.77

All Time High

CN¥2.48