Xining Special Steel Co Ltd Net Assets

Latest as of March 2026: CN¥5.12 Billion CNY ≈ $749.58 Million USD

Xining Special Steel Co Ltd net assets. Based on the latest financial reports, Xining Special Steel Co Ltd (600117) has net assets worth CN¥5.12 Billion CNY (≈ $749.58 Million 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¥12.59 Billion ≈ $1.84 Billion USD) and total liabilities (CN¥7.47 Billion ≈ $1.09 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. Also explore 600117 net asset momentum to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥5.12 Billion
% of Total Assets	40.69%
Annual Growth Rate	11.09%
5-Year Change	147.79%
10-Year Change	50.82%
Growth Volatility	227.81

Net Assets of Xining Special Steel Co Ltd (1994–2025)

Net assets of Xining Special Steel Co Ltd from 1994 to 2025. This chart illustrates how Xining Special Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. See Xining Special Steel Co Ltd (600117) balance sheet quality index to measure how much of total assets are equity-financed.

Annual Net Assets for Xining Special Steel Co Ltd (1994–2025)

The table below shows the annual net assets of Xining Special Steel Co Ltd from 1994 to 2025. For live market cap and overall valuation, see Xining Special Steel Co Ltd (600117) total market value.

Year	Net Assets	Change
2025-12-31	CN¥5.42 Billion ≈ $792.93 Million	-16.96%
2024-12-31	CN¥6.53 Billion ≈ $954.86 Million	-15.11%
2023-12-31	CN¥7.69 Billion ≈ $1.12 Billion	+1266.33%
2022-12-31	CN¥562.58 Million ≈ $82.32 Million	-74.27%
2021-12-31	CN¥2.19 Billion ≈ $320.00 Million	-55.84%
2020-12-31	CN¥4.95 Billion ≈ $724.57 Million	+1.19%
2019-12-31	CN¥4.89 Billion ≈ $716.03 Million	+194.11%
2018-12-31	CN¥1.66 Billion ≈ $243.46 Million	-55.10%
2017-12-31	CN¥3.71 Billion ≈ $542.22 Million	+3.13%
2016-12-31	CN¥3.59 Billion ≈ $525.75 Million	+97.60%
2015-12-31	CN¥1.82 Billion ≈ $266.07 Million	-48.03%
2014-12-31	CN¥3.50 Billion ≈ $511.99 Million	-2.41%
2013-12-31	CN¥3.59 Billion ≈ $524.64 Million	-1.86%
2012-12-31	CN¥3.65 Billion ≈ $534.60 Million	+1.97%
2011-12-31	CN¥3.58 Billion ≈ $524.26 Million	+15.32%
2010-12-31	CN¥3.11 Billion ≈ $454.60 Million	+6.41%
2009-12-31	CN¥2.92 Billion ≈ $427.23 Million	-3.05%
2008-12-31	CN¥3.01 Billion ≈ $440.68 Million	+3.71%
2007-12-31	CN¥2.90 Billion ≈ $424.93 Million	+31.57%
2006-12-31	CN¥2.21 Billion ≈ $322.97 Million	+3.03%
2005-12-31	CN¥2.14 Billion ≈ $313.46 Million	+9.10%
2004-12-31	CN¥1.96 Billion ≈ $287.32 Million	+50.87%
2003-12-31	CN¥1.30 Billion ≈ $190.44 Million	+7.48%
2002-12-31	CN¥1.21 Billion ≈ $177.18 Million	-13.55%
2001-12-31	CN¥1.40 Billion ≈ $204.95 Million	+3.03%
2000-12-31	CN¥1.36 Billion ≈ $198.93 Million	+29.15%
1999-12-31	CN¥1.05 Billion ≈ $154.03 Million	+9.50%
1998-12-31	CN¥961.30 Million ≈ $140.67 Million	+11.92%
1997-12-31	CN¥858.95 Million ≈ $125.69 Million	+165.72%
1996-12-31	CN¥323.25 Million ≈ $47.30 Million	+23.48%
1995-12-31	CN¥261.80 Million ≈ $38.31 Million	+25.77%
1994-12-31	CN¥208.16 Million ≈ $30.46 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 441113506342.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Xining Special Steel Co Ltd Net Assets Breakdown (December 2025)

Xining Special Steel Co Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Other Components	CN¥8.10 Billion	219.54%
Total Equity	CN¥3.69 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
Labrador Iron Ore Royalty Corp TO:LIF	$924.08 Million
HyUnion Holding Co Ltd SHE:002537	$924.26 Million
Suzhou Oriental Semiconductor Co. Ltd. A SHG:688261	$924.44 Million
TOA PAINT (THAILAND) BK:TOA-R	$924.49 Million
Jiangsu Dagang Co Ltd SHE:002077	$923.96 Million
Shanghai Luoman Lighting Technologies Inc. SHG:605289	$923.89 Million
Gui Zhou Tyre Co Ltd SHE:000589	$923.61 Million
Chengdu Hongqi Chain Co Ltd SHE:002697	$923.41 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 2024 to 2025, total equity changed from 4,573,838,000 to 3,690,066,083, a change of -883,771,917 (-19.3%).
Net loss of 900,089,600 reduced equity.
Dividend payments of 128,833,392 reduced retained earnings.
Other factors increased equity by 145,151,075.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-900.09 Million	-24.39%
Dividends Paid	CN¥128.83 Million	-3.49%
Other Changes	CN¥145.15 Million	+3.93%
Total Change	CN¥-	-19.32%

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: 1.71x
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 5.87x to 1.71x 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¥1.94	x
1995-12-31	CN¥0.42	CN¥1.94	x
1996-12-31	CN¥0.51	CN¥1.94	x
1997-12-31	CN¥1.36	CN¥1.94	x
1998-12-31	CN¥1.53	CN¥1.94	x
1999-12-31	CN¥1.67	CN¥1.94	x
2000-12-31	CN¥2.08	CN¥1.94	x
2001-12-31	CN¥2.22	CN¥1.94	x
2002-12-31	CN¥1.92	CN¥1.94	x
2003-12-31	CN¥2.06	CN¥1.94	x
2004-12-31	CN¥2.65	CN¥1.94	x
2005-12-31	CN¥2.88	CN¥1.94	x
2006-12-31	CN¥2.79	CN¥1.94	x
2007-12-31	CN¥3.44	CN¥1.94	x
2008-12-31	CN¥3.04	CN¥1.94	x
2009-12-31	CN¥3.51	CN¥1.94	x
2010-12-31	CN¥3.39	CN¥1.94	x
2011-12-31	CN¥3.89	CN¥1.94	x
2012-12-31	CN¥3.91	CN¥1.94	x
2013-12-31	CN¥4.05	CN¥1.94	x
2014-12-31	CN¥3.89	CN¥1.94	x
2015-12-31	CN¥1.44	CN¥1.94	x
2016-12-31	CN¥3.73	CN¥1.94	x
2017-12-31	CN¥3.15	CN¥1.94	x
2018-12-31	CN¥1.04	CN¥1.94	x
2019-12-31	CN¥1.29	CN¥1.94	x
2020-12-31	CN¥1.47	CN¥1.94	x
2021-12-31	CN¥0.28	CN¥1.94	x
2022-12-31	CN¥-0.82	CN¥1.94	x
2023-12-31	CN¥1.66	CN¥1.94	x
2024-12-31	CN¥1.43	CN¥1.94	x
2025-12-31	CN¥1.13	CN¥1.94	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): -24.39%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -15.20%
• Asset Turnover: 0.48x
• Equity Multiplier: 3.34x
Recent ROE (-24.39%) is below the historical average (-15.04%), 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
2025	-24.39%	-15.20%	0.48x	3.34x	CN¥-1.27 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: $13,073,883,959
Average return on equity (ROE) among peers: 15.32%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xining Special Steel Co Ltd (600117)	CN¥5.12 Billion	59.33%	1.46x	$924.07 Million
CITIC Pacific Special Steel Group Co Ltd (000708)	$36.44 Billion	19.50%	1.49x	$8.97 Billion
HBIS Co Ltd (000709)	$8.84 Billion	12.84%	1.78x	$2.87 Billion
Sgis Songshan Co Ltd (000717)	$6.75 Billion	-17.10%	1.73x	$695.18 Million
Bengang Steel Plates Co Ltd (000761)	$3.87 Billion	9.94%	0.74x	$1.15 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$20.70 Billion	5.27%	1.38x	$1.94 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$5.93 Billion	13.11%	1.00x	$2.58 Billion
Jiangsu Fasten Co Ltd (000890)	$16.62 Million	95.98%	54.73x	$327.80 Million
Angang Steel Co Ltd Class A (000898)	$7.81 Billion	7.62%	0.59x	$2.19 Billion
Hunan Valin Steel Co Ltd (000932)	$16.49 Billion	5.78%	2.07x	$3.35 Billion
Beijing Shougang Co Ltd (000959)	$23.90 Billion	0.26%	1.57x	$3.32 Billion

About Xining Special Steel Co Ltd

SHG:600117 China Steel

Market Cap

$924.07 Million

CN¥6.31 Billion CNY

Market Cap Rank

#8866 Global

#2057 in China

Share Price

CN¥1.94

Change (1 day)

-1.02%

52-Week Range

CN¥1.94 - CN¥3.23

All Time High

CN¥8.85