Minmetals Development Co Ltd

SHG:600058 China Steel
Market Cap
$1.83 Billion
CN¥13.40 Billion CNY
Market Cap Rank
#9216 Global
#1874 in China
Share Price
CN¥12.50
Change (1 day)
-2.50%
52-Week Range
CN¥6.54 - CN¥15.80
All Time High
CN¥33.58
Categories
Companies in China Steel
About

Minmetals Development Co., Ltd. engages in resource trading, metal trading, and supply chain services in China and internationally. The company offers iron ore, chrome ore, manganese ore, ferroalloys, coal, coke, scrap steel, electrolytic manganese, other metallurgical raw materials, and ferroalloy products, as well as steel and metal products to engineering construction, industrial manufacturing… Read more

Minmetals Development Co Ltd (600058) - Net Assets

Latest net assets as of September 2025: CN¥5.13 Billion CNY

Based on the latest financial reports, Minmetals Development Co Ltd (600058) has net assets worth CN¥5.13 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¥26.04 Billion) and total liabilities (CN¥20.91 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¥5.13 Billion
% of Total Assets 19.7%
Annual Growth Rate 12.09%
5-Year Change 11.32%
10-Year Change 48.34%
Growth Volatility 49.27

Minmetals Development Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Minmetals Development 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 Minmetals Development Co Ltd (1994–2024)

The table below shows the annual net assets of Minmetals Development Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥7.65 Billion -0.07%
2023-12-31 CN¥7.66 Billion +53.85%
2022-12-31 CN¥4.98 Billion -31.64%
2021-12-31 CN¥7.28 Billion +5.91%
2020-12-31 CN¥6.87 Billion +1.76%
2019-12-31 CN¥6.76 Billion +0.63%
2018-12-31 CN¥6.71 Billion -12.67%
2017-12-31 CN¥7.69 Billion +48.29%
2016-12-31 CN¥5.18 Billion +0.48%
2015-12-31 CN¥5.16 Billion -50.92%
2014-12-31 CN¥10.51 Billion -2.76%
2013-12-31 CN¥10.81 Billion +0.52%
2012-12-31 CN¥10.75 Billion -9.39%
2011-12-31 CN¥11.87 Billion +3.42%
2010-12-31 CN¥11.48 Billion +5.43%
2009-12-31 CN¥10.88 Billion +22.65%
2008-12-31 CN¥8.87 Billion +104.43%
2007-12-31 CN¥4.34 Billion +30.42%
2006-12-31 CN¥3.33 Billion +11.51%
2005-12-31 CN¥2.98 Billion +8.10%
2004-12-31 CN¥2.76 Billion +21.85%
2003-12-31 CN¥2.27 Billion +16.80%
2002-12-31 CN¥1.94 Billion +2.76%
2001-12-31 CN¥1.89 Billion +0.21%
2000-12-31 CN¥1.88 Billion +13.56%
1999-12-31 CN¥1.66 Billion -1.14%
1998-12-31 CN¥1.68 Billion +42.07%
1997-12-31 CN¥1.18 Billion +241.56%
1996-12-31 CN¥345.88 Million +18.06%
1995-12-31 CN¥292.96 Million +17.56%
1994-12-31 CN¥249.20 Million --

Equity Component Analysis

This analysis shows how different components contribute to Minmetals Development 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 133471450780.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.07 Billion 14.27%
Other Components CN¥7.77 Billion 103.50%
Total Equity CN¥7.51 Billion 100.00%

Minmetals Development Co Ltd Competitors by Market Cap

The table below lists competitors of Minmetals Development Co Ltd ranked by their market capitalization.

Company Market Cap
Fujian Expressway Development Co Ltd
SHG:600033
 		$626.53 Million
Grupo de Inversiones Suramericana S.A
PINK:GIVPY
 		$626.59 Million
ERAMET S.A
PINK:ERMAF
 		$626.80 Million
Shyam Metalics and Energy Limited
NSE:SHYAMMETL
 		$626.84 Million
Drive Shack Inc.
PINK:DSHKN
 		$626.30 Million
Storage Vault Canada Inc
PINK:SVAUF
 		$626.18 Million
SeAH Bestee
KO:001430
 		$625.91 Million
Global New Material International Holdings Limited
F:69Y
 		$625.83 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Minmetals Development Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,520,776,335 to 7,512,149,996, a change of -8,626,339 (-0.1%).
  • Net income of 125,653,581 contributed positively to equity growth.
  • Dividend payments of 280,296,722 reduced retained earnings.
  • Other factors increased equity by 146,016,802.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥125.65 Million +1.67%
Dividends Paid CN¥280.30 Million -3.73%
Other Changes CN¥146.02 Million +1.94%
Total Change CN¥- -0.11%

Book Value vs Market Value Analysis

This analysis compares Minmetals Development 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: 1.78x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 41.47x to 1.78x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.30 CN¥12.50 x
1995-12-31 CN¥0.35 CN¥12.50 x
1996-12-31 CN¥0.42 CN¥12.50 x
1997-12-31 CN¥1.37 CN¥12.50 x
1998-12-31 CN¥1.97 CN¥12.50 x
1999-12-31 CN¥1.95 CN¥12.50 x
2000-12-31 CN¥2.23 CN¥12.50 x
2001-12-31 CN¥2.23 CN¥12.50 x
2002-12-31 CN¥2.30 CN¥12.50 x
2003-12-31 CN¥2.68 CN¥12.50 x
2004-12-31 CN¥3.34 CN¥12.50 x
2005-12-31 CN¥3.59 CN¥12.50 x
2006-12-31 CN¥3.99 CN¥12.50 x
2007-12-31 CN¥4.44 CN¥12.50 x
2008-12-31 CN¥7.82 CN¥12.50 x
2009-12-31 CN¥7.63 CN¥12.50 x
2010-12-31 CN¥8.20 CN¥12.50 x
2011-12-31 CN¥8.46 CN¥12.50 x
2012-12-31 CN¥7.71 CN¥12.50 x
2013-12-31 CN¥7.97 CN¥12.50 x
2014-12-31 CN¥8.06 CN¥12.50 x
2015-12-31 CN¥4.64 CN¥12.50 x
2016-12-31 CN¥4.66 CN¥12.50 x
2017-12-31 CN¥7.03 CN¥12.50 x
2018-12-31 CN¥7.25 CN¥12.50 x
2019-12-31 CN¥6.19 CN¥12.50 x
2020-12-31 CN¥6.29 CN¥12.50 x
2021-12-31 CN¥6.66 CN¥12.50 x
2022-12-31 CN¥4.49 CN¥12.50 x
2023-12-31 CN¥7.02 CN¥12.50 x
2024-12-31 CN¥7.01 CN¥12.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Minmetals Development 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): 1.67%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.19%
  • • Asset Turnover: 2.81x
  • • Equity Multiplier: 3.18x
  • Recent ROE (1.67%) is below the historical average (8.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 64.68% 4.98% 3.15x 4.13x CN¥136.26 Million
1995 36.49% 2.36% 4.48x 3.46x CN¥77.61 Million
1996 33.39% 4.18% 2.52x 3.17x CN¥80.89 Million
1997 13.78% 7.17% 0.86x 2.23x CN¥42.80 Million
1998 8.94% 2.28% 2.11x 1.86x CN¥-17.34 Million
1999 8.53% 1.85% 2.12x 2.18x CN¥-23.63 Million
2000 11.34% 1.78% 2.74x 2.33x CN¥24.77 Million
2001 8.38% 0.79% 3.68x 2.88x CN¥-29.87 Million
2002 10.03% 0.67% 2.98x 5.00x CN¥596.32K
2003 13.85% 0.59% 2.45x 9.61x CN¥85.31 Million
2004 21.63% 0.93% 3.56x 6.56x CN¥321.63 Million
2005 11.21% 0.50% 2.45x 9.18x CN¥35.88 Million
2006 17.13% 0.74% 3.55x 6.53x CN¥234.99 Million
2007 33.78% 1.64% 2.64x 7.78x CN¥1.02 Billion
2008 10.87% 0.79% 3.00x 4.58x CN¥71.37 Million
2009 3.26% 0.28% 2.25x 5.12x CN¥-551.66 Million
2010 4.38% 0.29% 3.04x 4.92x CN¥-493.82 Million
2011 5.93% 0.33% 3.31x 5.40x CN¥-369.50 Million
2012 -4.61% -0.25% 3.41x 5.31x CN¥-1.21 Billion
2013 3.28% 0.14% 4.40x 5.41x CN¥-574.39 Million
2014 2.43% 0.16% 2.87x 5.42x CN¥-653.91 Million
2015 -79.48% -6.38% 1.90x 6.57x CN¥-4.45 Billion
2016 0.58% 0.07% 1.62x 5.02x CN¥-471.12 Million
2017 0.46% 0.06% 2.75x 2.85x CN¥-718.95 Million
2018 -12.21% -1.42% 2.71x 3.17x CN¥-1.46 Billion
2019 2.62% 0.28% 3.01x 3.12x CN¥-489.31 Million
2020 3.98% 0.40% 3.09x 3.23x CN¥-405.93 Million
2021 6.70% 0.55% 3.79x 3.23x CN¥-235.43 Million
2022 7.61% 0.45% 3.57x 4.74x CN¥-114.89 Million
2023 2.65% 0.25% 3.47x 3.02x CN¥-552.84 Million
2024 1.67% 0.19% 2.81x 3.18x CN¥-625.56 Million

Industry Comparison

This section compares Minmetals Development Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $7,364,990,323
  • Average return on equity (ROE) among peers: 12.48%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Minmetals Development Co Ltd (600058) CN¥5.13 Billion 64.68% 4.08x $626.33 Million
CITIC Pacific Special Steel Group Co Ltd (000708) $28.39 Billion 21.25% 1.73x $1.81 Billion
Sgis Songshan Co Ltd (000717) $327.09 Million 52.31% 0.75x $413.87 Million
Xinxing Ductile Iron Pipes Co Ltd (000778) $28.18 Billion 0.59% 0.89x $1.51 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $3.37 Billion 8.80% 0.69x $1.33 Billion
Jiangsu Fasten Co Ltd (000890) $654.28 Million -22.20% 10.49x $283.59 Million
Angang Steel Co Ltd Class A (000898) $5.09 Billion 10.03% 0.24x $1.18 Billion
Hunan Valin Steel Co Ltd (000932) $2.77 Billion 11.22% 0.71x $1.17 Billion
Beijing Shougang Co Ltd (000959) $2.57 Billion 23.68% 2.11x $921.92 Million
Sansteel MinGuang Co Ltd Fujian (002110) $1.60 Billion 7.93% 1.54x $528.18 Million
Henan Hengxing Science & Technology Co Ltd (002132) $696.31 Million 11.21% 0.89x $528.47 Million