Shandong Iron and Steel Co Ltd (600022) - Net Assets
Based on the latest financial reports, Shandong Iron and Steel Co Ltd (600022) has net assets worth CN¥28.47 Billion CNY (≈ $4.17 Billion 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¥81.70 Billion ≈ $11.95 Billion USD) and total liabilities (CN¥53.23 Billion ≈ $7.79 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 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥28.47 Billion |
| % of Total Assets | 34.84% |
| Annual Growth Rate | 14.41% |
| 5-Year Change | -12.09% |
| 10-Year Change | 26.62% |
| Growth Volatility | 29.69 |
Shandong Iron and Steel Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Shandong Iron and Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shandong Iron and Steel Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shandong Iron and Steel Co Ltd (2001–2025)
The table below shows the annual net assets of Shandong Iron and Steel Co Ltd from 2001 to 2025. For live valuation and market cap data, see market cap of Shandong Iron and Steel Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥28.65 Billion ≈ $4.19 Billion |
+2.08% |
| 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 |
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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 741739764990.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥26.43 Billion | 139.05% |
| Total Equity | CN¥19.01 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 |
|---|---|
|
Elite Semiconductor Memory Technology Inc
TW:3006
|
$2.04 Billion |
|
Kyland Technology Co Ltd
SHE:300353
|
$2.04 Billion |
|
Turpaz Industries Ltd
TA:TRPZ
|
$2.04 Billion |
|
BitVentures Limited
NASDAQ:BVC
|
$2.04 Billion |
|
Select Medical Holdings
NYSE:SEM
|
$2.04 Billion |
|
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.
IS:AHGAZ
|
$2.04 Billion |
|
Korea Gas Corporation
KO:036460
|
$2.03 Billion |
|
Dalrymple Bay Infrastructure Ltd
AU:DBI
|
$2.03 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 2024 to 2025, total equity changed from 18,782,768,532 to 19,007,536,897, a change of 224,768,365 (1.2%).
- Net income of 105,944,958 contributed positively to equity growth.
- Dividend payments of 614,787,529 reduced retained earnings.
- Other comprehensive income decreased equity by 1,560,776,906.
- Other factors increased equity by 2,294,387,842.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥105.94 Million | +0.56% |
| Dividends Paid | CN¥614.79 Million | -3.23% |
| Other Comprehensive Income | CN¥-1.56 Billion | -8.21% |
| Other Changes | CN¥2.29 Billion | +12.07% |
| Total Change | CN¥- | 1.20% |
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: 0.73x
- 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 3.02x to 0.73x 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¥1.30 | x |
| 2002-12-31 | CN¥0.57 | CN¥1.30 | x |
| 2003-12-31 | CN¥0.68 | CN¥1.30 | x |
| 2004-12-31 | CN¥1.31 | CN¥1.30 | x |
| 2005-12-31 | CN¥1.52 | CN¥1.30 | x |
| 2006-12-31 | CN¥1.71 | CN¥1.30 | x |
| 2007-12-31 | CN¥1.75 | CN¥1.30 | x |
| 2008-12-31 | CN¥1.79 | CN¥1.30 | x |
| 2009-12-31 | CN¥1.75 | CN¥1.30 | x |
| 2010-12-31 | CN¥1.77 | CN¥1.30 | x |
| 2011-12-31 | CN¥0.86 | CN¥1.30 | x |
| 2012-12-31 | CN¥1.68 | CN¥1.30 | x |
| 2013-12-31 | CN¥1.56 | CN¥1.30 | x |
| 2014-12-31 | CN¥1.39 | CN¥1.30 | x |
| 2015-12-31 | CN¥1.80 | CN¥1.30 | x |
| 2016-12-31 | CN¥1.90 | CN¥1.30 | x |
| 2017-12-31 | CN¥1.65 | CN¥1.30 | x |
| 2018-12-31 | CN¥1.84 | CN¥1.30 | x |
| 2019-12-31 | CN¥1.90 | CN¥1.30 | x |
| 2020-12-31 | CN¥1.96 | CN¥1.30 | x |
| 2021-12-31 | CN¥2.05 | CN¥1.30 | x |
| 2022-12-31 | CN¥2.04 | CN¥1.30 | x |
| 2023-12-31 | CN¥1.97 | CN¥1.30 | x |
| 2024-12-31 | CN¥1.77 | CN¥1.30 | x |
| 2025-12-31 | CN¥1.78 | CN¥1.30 | 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): 0.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.16%
- • Asset Turnover: 0.83x
- • Equity Multiplier: 4.27x
- Recent ROE (0.56%) is below the historical average (6.81%), 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 |
| 2025 | 0.56% | 0.16% | 0.83x | 4.27x | CN¥-1.79 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: $18,501,057,162
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Iron and Steel Co Ltd (600022) | CN¥28.47 Billion | 21.86% | 1.87x | $2.04 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $543.16 Million | 26.80% | 2.24x | $9.99 Billion |
| HBIS Co Ltd (000709) | $58.95 Billion | 6.15% | 2.54x | $3.12 Billion |
| Sgis Songshan Co Ltd (000717) | $6.75 Billion | -17.10% | 1.73x | $741.29 Million |
| Bengang Steel Plates Co Ltd (000761) | $16.04 Billion | 10.98% | 0.68x | $1.25 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $14.00 Billion | 9.04% | 1.87x | $2.34 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $17.68 Billion | 24.02% | 2.27x | $3.14 Billion |
| Jiangsu Fasten Co Ltd (000890) | $223.45 Million | 17.91% | 7.78x | $546.34 Million |
| Angang Steel Co Ltd Class A (000898) | $53.86 Billion | 3.67% | 0.63x | $2.33 Billion |
| Hunan Valin Steel Co Ltd (000932) | $11.05 Billion | 4.95% | 2.02x | $3.65 Billion |
| Beijing Shougang Co Ltd (000959) | $5.91 Billion | 8.07% | 1.86x | $3.68 Billion |
About Shandong Iron and Steel Co Ltd
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