Xining Special Steel Co Ltd

SHG:600117 China Steel
Market Cap
$1.30 Billion
CN¥9.54 Billion CNY
Market Cap Rank
#11040 Global
#2542 in China
Share Price
CN¥2.93
Change (1 day)
+1.74%
52-Week Range
CN¥2.03 - CN¥4.99
All Time High
CN¥8.85
Categories
Companies in China Steel
About

Xining Special Steel.Co.,Ltd engages in the smelting, rolling, and processing of special steel products in China. It operates through four segments: Real Estate Development and Sales, Steelmaking and Rolling Steel division, Comprehensive Resource Utilization, and Commerce and Other. The company provides carbon structural steel, carbon industrial steel, alloy structural steel, alloy industrial ste… Read more

Xining Special Steel Co Ltd (600117) - Net Assets

Latest net assets as of September 2025: CN¥5.83 Billion CNY

Based on the latest financial reports, Xining Special Steel Co Ltd (600117) has net assets worth CN¥5.83 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¥12.62 Billion) and total liabilities (CN¥6.79 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¥5.83 Billion
% of Total Assets 46.19%
Annual Growth Rate 12.17%
5-Year Change 31.78%
10-Year Change 258.88%
Growth Volatility 231.2

Xining Special Steel Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Xining Special 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 Xining Special Steel Co Ltd (1994–2024)

The table below shows the annual net assets of Xining Special Steel Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥6.53 Billion -15.11%
2023-12-31 CN¥7.69 Billion +1266.33%
2022-12-31 CN¥562.58 Million -74.27%
2021-12-31 CN¥2.19 Billion -55.84%
2020-12-31 CN¥4.95 Billion +1.19%
2019-12-31 CN¥4.89 Billion +194.11%
2018-12-31 CN¥1.66 Billion -55.10%
2017-12-31 CN¥3.71 Billion +3.13%
2016-12-31 CN¥3.59 Billion +97.60%
2015-12-31 CN¥1.82 Billion -48.03%
2014-12-31 CN¥3.50 Billion -2.41%
2013-12-31 CN¥3.59 Billion -1.86%
2012-12-31 CN¥3.65 Billion +1.97%
2011-12-31 CN¥3.58 Billion +15.32%
2010-12-31 CN¥3.11 Billion +6.41%
2009-12-31 CN¥2.92 Billion -3.05%
2008-12-31 CN¥3.01 Billion +3.71%
2007-12-31 CN¥2.90 Billion +31.57%
2006-12-31 CN¥2.21 Billion +3.03%
2005-12-31 CN¥2.14 Billion +9.10%
2004-12-31 CN¥1.96 Billion +50.87%
2003-12-31 CN¥1.30 Billion +7.48%
2002-12-31 CN¥1.21 Billion -13.55%
2001-12-31 CN¥1.40 Billion +3.03%
2000-12-31 CN¥1.36 Billion +29.15%
1999-12-31 CN¥1.05 Billion +9.50%
1998-12-31 CN¥961.30 Million +11.92%
1997-12-31 CN¥858.95 Million +165.72%
1996-12-31 CN¥323.25 Million +23.48%
1995-12-31 CN¥261.80 Million +25.77%
1994-12-31 CN¥208.16 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xining Special 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 351104500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥3.26 Billion 71.17%
Other Components CN¥4.83 Billion 105.60%
Total Equity CN¥4.57 Billion 100.00%

Xining Special Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Xining Special Steel Co Ltd ranked by their market capitalization.

Company Market Cap
Propel Holdings Inc.
PINK:PRLPF
 		$427.92 Million
THOR EXPL. LTD (NEW)
F:T2X
 		$428.12 Million
Jiangsu Rijiu Optoelectronics Joint
SHE:003015
 		$428.22 Million
Da-Cin Construction Co Ltd
TW:2535
 		$428.26 Million
Guangdong Kinlong Hardware Products Co Ltd
SHE:002791
 		$427.79 Million
Pertamina Geothermal Energy
JK:PGEO
 		$427.74 Million
Concord New Energy Group Limited
PINK:CWPWF
 		$427.62 Million
Bloomin Brands Inc
NASDAQ:BLMN
 		$427.27 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,367,325,000 to 4,573,838,000, a change of -793,487,000 (-14.8%).
  • Net loss of 863,082,341 reduced equity.
  • Dividend payments of 144,287,000 reduced retained earnings.
  • Other factors increased equity by 213,882,341.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-863.08 Million -18.87%
Dividends Paid CN¥144.29 Million -3.15%
Other Changes CN¥213.88 Million +4.68%
Total Change CN¥- -14.78%

Book Value vs Market Value Analysis

This analysis compares Xining Special 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: 2.09x
  • 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 8.87x to 2.09x 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¥0.33 CN¥2.93 x
1995-12-31 CN¥0.42 CN¥2.93 x
1996-12-31 CN¥0.51 CN¥2.93 x
1997-12-31 CN¥1.36 CN¥2.93 x
1998-12-31 CN¥1.53 CN¥2.93 x
1999-12-31 CN¥1.67 CN¥2.93 x
2000-12-31 CN¥2.08 CN¥2.93 x
2001-12-31 CN¥2.22 CN¥2.93 x
2002-12-31 CN¥1.92 CN¥2.93 x
2003-12-31 CN¥2.06 CN¥2.93 x
2004-12-31 CN¥2.65 CN¥2.93 x
2005-12-31 CN¥2.88 CN¥2.93 x
2006-12-31 CN¥2.79 CN¥2.93 x
2007-12-31 CN¥3.44 CN¥2.93 x
2008-12-31 CN¥3.04 CN¥2.93 x
2009-12-31 CN¥3.51 CN¥2.93 x
2010-12-31 CN¥3.39 CN¥2.93 x
2011-12-31 CN¥3.89 CN¥2.93 x
2012-12-31 CN¥3.68 CN¥2.93 x
2013-12-31 CN¥4.05 CN¥2.93 x
2014-12-31 CN¥3.89 CN¥2.93 x
2015-12-31 CN¥1.44 CN¥2.93 x
2016-12-31 CN¥3.73 CN¥2.93 x
2017-12-31 CN¥3.15 CN¥2.93 x
2018-12-31 CN¥1.04 CN¥2.93 x
2019-12-31 CN¥1.29 CN¥2.93 x
2020-12-31 CN¥1.47 CN¥2.93 x
2021-12-31 CN¥0.28 CN¥2.93 x
2022-12-31 CN¥-0.82 CN¥2.93 x
2023-12-31 CN¥3.87 CN¥2.93 x
2024-12-31 CN¥1.41 CN¥2.93 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xining Special 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): -18.87%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -15.10%
  • • Asset Turnover: 0.46x
  • • Equity Multiplier: 2.71x
  • Recent ROE (-18.87%) is below the historical average (-14.74%), 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 59.33% 8.66% 1.58x 4.33x CN¥102.67 Million
1995 29.26% 6.55% 1.16x 3.84x CN¥50.43 Million
1996 29.75% 8.55% 1.06x 3.28x CN¥63.85 Million
1997 11.77% 8.85% 0.69x 1.93x CN¥15.24 Million
1998 10.10% 7.03% 0.70x 2.06x CN¥938.40K
1999 9.95% 7.84% 0.64x 1.97x CN¥-541.00K
2000 6.17% 6.13% 0.52x 1.94x CN¥-50.25 Million
2001 6.38% 7.21% 0.45x 1.95x CN¥-50.73 Million
2002 9.39% 8.40% 0.46x 2.44x CN¥-7.39 Million
2003 6.96% 5.64% 0.48x 2.58x CN¥-39.54 Million
2004 6.73% 5.40% 0.46x 2.72x CN¥-54.53 Million
2005 8.03% 5.72% 0.45x 3.13x CN¥-35.83 Million
2006 10.58% 6.73% 0.46x 3.39x CN¥11.80 Million
2007 11.82% 5.58% 0.59x 3.61x CN¥46.24 Million
2008 0.69% 0.26% 0.66x 4.04x CN¥-237.11 Million
2009 1.43% 0.69% 0.48x 4.31x CN¥-209.03 Million
2010 9.13% 3.31% 0.59x 4.70x CN¥-22.16 Million
2011 11.31% 3.98% 0.61x 4.68x CN¥37.65 Million
2012 1.09% 0.46% 0.46x 5.14x CN¥-258.18 Million
2013 2.97% 1.25% 0.42x 5.70x CN¥-214.77 Million
2014 1.54% 0.57% 0.32x 8.42x CN¥-228.01 Million
2015 -151.04% -26.74% 0.24x 23.68x CN¥-1.73 Billion
2016 2.42% 0.94% 0.27x 9.42x CN¥-217.95 Million
2017 1.91% 0.80% 0.31x 7.75x CN¥-253.72 Million
2018 -187.97% -30.15% 0.29x 21.61x CN¥-2.16 Billion
2019 6.99% 0.97% 0.47x 15.34x CN¥-41.28 Million
2020 4.08% 0.59% 0.49x 14.14x CN¥-85.70 Million
2021 -390.19% -9.38% 0.66x 63.00x CN¥-1.18 Billion
2022 0.00% -14.83% 0.46x 0.00x CN¥-1.06 Billion
2023 31.42% 34.14% 0.35x 2.61x CN¥1.15 Billion
2024 -18.87% -15.10% 0.46x 2.71x CN¥-1.32 Billion

Industry Comparison

This section compares Xining Special 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
Xining Special Steel Co Ltd (600117) CN¥5.83 Billion 59.33% 1.17x $427.87 Million
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