Sh Belling

SHG:600171 China Semiconductor Equipment & Materials
Market Cap
$2.92 Billion
CN¥21.42 Billion CNY
Market Cap Rank
#4727 Global
#516 in China
Share Price
CN¥30.21
Change (1 day)
-1.31%
52-Week Range
CN¥29.19 - CN¥38.94
All Time High
CN¥51.33
Categories
Companies in China Semiconductor Equipment & Materials Technology AI & Machine Learning
About

Shanghai Belling Co., Ltd. operates as an integrated circuit design company in China. It offers power management products, including DC/DC step-down, DC/DC step-up, and charge pump DC/DC step-up converter, load switch, voltage detector/reset IC, SSR, bipolar type and CMOS type LDO linear regulator, three-terminal positive regulator, li-ion battery charger, shunt regulator, and PSR; and measuremen… Read more

Sh Belling (600171) - Net Assets

Latest net assets as of September 2025: CN¥4.51 Billion CNY

Based on the latest financial reports, Sh Belling (600171) has net assets worth CN¥4.51 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¥5.16 Billion) and total liabilities (CN¥648.87 Million). 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¥4.51 Billion
% of Total Assets 87.42%
Annual Growth Rate 11.18%
5-Year Change 32.49%
10-Year Change 138.2%
Growth Volatility 70.8

Sh Belling - Net Assets Trend (1995–2024)

This chart illustrates how Sh Belling's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Sh Belling (1995–2024)

The table below shows the annual net assets of Sh Belling from 1995 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.41 Billion +8.63%
2023-12-31 CN¥4.06 Billion -3.98%
2022-12-31 CN¥4.23 Billion +6.18%
2021-12-31 CN¥3.98 Billion +19.63%
2020-12-31 CN¥3.33 Billion +8.24%
2019-12-31 CN¥3.07 Billion +25.10%
2018-12-31 CN¥2.46 Billion +1.51%
2017-12-31 CN¥2.42 Billion +29.15%
2016-12-31 CN¥1.87 Billion +1.28%
2015-12-31 CN¥1.85 Billion +12.32%
2014-12-31 CN¥1.65 Billion -7.99%
2013-12-31 CN¥1.79 Billion +1.85%
2012-12-31 CN¥1.76 Billion +1.74%
2011-12-31 CN¥1.73 Billion +1.49%
2010-12-31 CN¥1.70 Billion +1.28%
2009-12-31 CN¥1.68 Billion -4.51%
2008-12-31 CN¥1.76 Billion -2.89%
2007-12-31 CN¥1.81 Billion +2.25%
2006-12-31 CN¥1.77 Billion +0.41%
2005-12-31 CN¥1.77 Billion +0.55%
2004-12-31 CN¥1.76 Billion +0.86%
2003-12-31 CN¥1.74 Billion +29.55%
2002-12-31 CN¥1.34 Billion +5.36%
2001-12-31 CN¥1.28 Billion +6.22%
2000-12-31 CN¥1.20 Billion +8.92%
1999-12-31 CN¥1.10 Billion +4.98%
1998-12-31 CN¥1.05 Billion +390.59%
1997-12-31 CN¥214.18 Million +0.00%
1996-12-31 CN¥214.17 Million +5.15%
1995-12-31 CN¥203.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to Sh Belling'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 grown by 235957068300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.36 Billion 53.51%
Common Stock CN¥708.92 Million 16.08%
Other Components CN¥1.34 Billion 30.41%
Total Equity CN¥4.41 Billion 100.00%

Sh Belling Competitors by Market Cap

The table below lists competitors of Sh Belling ranked by their market capitalization.

Company Market Cap
Ebos Group Ltd
AU:EBO
 		$2.17 Billion
Chongqing Zhifei Bio Products
SHE:300122
 		$2.17 Billion
CSI Solar Co. Ltd. A
SHG:688472
 		$2.17 Billion
Retail Opportunity Investments
NASDAQ:ROIC
 		$2.18 Billion
Shanghai Jin Jiang International Hotels Development Co Ltd A
SHG:600754
 		$2.17 Billion
Par Pacific Holdings Inc
NYSE:PARR
 		$2.17 Billion
Jiangsu Aucksun Co Ltd
SHE:002245
 		$2.17 Billion
National Vision Holdings Inc
NASDAQ:EYE
 		$2.17 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Sh Belling's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,059,120,945 to 4,409,292,428, a change of 350,171,483 (8.6%).
  • Net income of 395,533,547 contributed positively to equity growth.
  • Dividend payments of 70,892,330 reduced retained earnings.
  • Share repurchases of 20,167,028 reduced equity.
  • Other factors increased equity by 45,697,294.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥395.53 Million +8.97%
Dividends Paid CN¥70.89 Million -1.61%
Share Repurchases CN¥20.17 Million -0.46%
Other Changes CN¥45.70 Million +1.04%
Total Change CN¥- 8.63%

Book Value vs Market Value Analysis

This analysis compares Sh Belling'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: 4.86x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 105.72x to 4.86x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.29 CN¥30.21 x
1996-12-31 CN¥0.30 CN¥30.21 x
1997-12-31 CN¥0.30 CN¥30.21 x
1998-12-31 CN¥1.47 CN¥30.21 x
1999-12-31 CN¥1.55 CN¥30.21 x
2000-12-31 CN¥1.69 CN¥30.21 x
2001-12-31 CN¥1.79 CN¥30.21 x
2002-12-31 CN¥1.89 CN¥30.21 x
2003-12-31 CN¥2.44 CN¥30.21 x
2004-12-31 CN¥2.46 CN¥30.21 x
2005-12-31 CN¥2.47 CN¥30.21 x
2006-12-31 CN¥2.61 CN¥30.21 x
2007-12-31 CN¥2.64 CN¥30.21 x
2008-12-31 CN¥2.63 CN¥30.21 x
2009-12-31 CN¥2.45 CN¥30.21 x
2010-12-31 CN¥2.53 CN¥30.21 x
2011-12-31 CN¥2.52 CN¥30.21 x
2012-12-31 CN¥2.60 CN¥30.21 x
2013-12-31 CN¥2.62 CN¥30.21 x
2014-12-31 CN¥2.52 CN¥30.21 x
2015-12-31 CN¥2.86 CN¥30.21 x
2016-12-31 CN¥2.93 CN¥30.21 x
2017-12-31 CN¥3.58 CN¥30.21 x
2018-12-31 CN¥3.52 CN¥30.21 x
2019-12-31 CN¥4.35 CN¥30.21 x
2020-12-31 CN¥4.71 CN¥30.21 x
2021-12-31 CN¥5.56 CN¥30.21 x
2022-12-31 CN¥6.04 CN¥30.21 x
2023-12-31 CN¥6.07 CN¥30.21 x
2024-12-31 CN¥6.22 CN¥30.21 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sh Belling 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): 8.97%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 14.03%
  • • Asset Turnover: 0.53x
  • • Equity Multiplier: 1.20x
  • Recent ROE (8.97%) is below the historical average (10.31%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 61.42% 29.36% 0.86x 2.43x CN¥104.73 Million
1996 50.98% 28.98% 0.69x 2.56x CN¥87.76 Million
1997 51.14% 29.12% 0.64x 2.76x CN¥88.11 Million
1998 11.59% 31.76% 0.30x 1.23x CN¥16.66 Million
1999 12.82% 34.77% 0.32x 1.15x CN¥31.08 Million
2000 14.33% 21.73% 0.54x 1.22x CN¥52.02 Million
2001 11.68% 19.02% 0.51x 1.21x CN¥21.42 Million
2002 7.82% 13.77% 0.48x 1.19x CN¥-29.37 Million
2003 3.54% 8.15% 0.37x 1.18x CN¥-112.50 Million
2004 2.51% 5.97% 0.35x 1.19x CN¥-131.52 Million
2005 1.88% 5.20% 0.31x 1.16x CN¥-142.88 Million
2006 1.78% 7.46% 0.21x 1.15x CN¥-145.10 Million
2007 1.29% 4.98% 0.23x 1.15x CN¥-156.27 Million
2008 0.38% 1.31% 0.25x 1.15x CN¥-169.15 Million
2009 -11.08% -36.14% 0.28x 1.10x CN¥-352.52 Million
2010 0.99% 2.84% 0.30x 1.14x CN¥-152.42 Million
2011 1.86% 5.30% 0.30x 1.17x CN¥-139.34 Million
2012 1.92% 4.93% 0.33x 1.19x CN¥-140.14 Million
2013 2.29% 6.90% 0.28x 1.19x CN¥-136.18 Million
2014 2.38% 8.27% 0.25x 1.14x CN¥-124.00 Million
2015 2.80% 10.45% 0.24x 1.13x CN¥-131.60 Million
2016 2.05% 7.44% 0.24x 1.14x CN¥-146.99 Million
2017 7.26% 30.91% 0.20x 1.15x CN¥-65.69 Million
2018 5.97% 18.50% 0.29x 1.11x CN¥-97.78 Million
2019 8.25% 22.87% 0.32x 1.11x CN¥-53.14 Million
2020 16.04% 39.63% 0.34x 1.18x CN¥198.82 Million
2021 18.52% 36.03% 0.43x 1.18x CN¥335.57 Million
2022 9.44% 19.52% 0.41x 1.18x CN¥-23.68 Million
2023 -1.48% -2.82% 0.44x 1.20x CN¥-466.13 Million
2024 8.97% 14.03% 0.53x 1.20x CN¥-45.40 Million

Industry Comparison

This section compares Sh Belling's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.

Industry Context

  • Industry: Semiconductor Equipment & Materials
  • Average net assets among peers: $20,570,804,952
  • Average return on equity (ROE) among peers: 8.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sh Belling (600171) CN¥4.51 Billion 61.42% 0.14x $2.17 Billion
TCL Corp (000100) $132.14 Billion 0.20% 1.72x $11.00 Billion
Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) $470.47 Million 28.36% 1.12x $193.39 Million
TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) $47.06 Billion 14.49% 1.32x $3.68 Billion
TongFu Microelectronics Co Ltd (002156) $222.39 Million 16.98% 3.34x $6.97 Billion
Tianshui Huatian Technology Co Ltd (002185) $19.12 Billion 1.18% 0.76x $4.61 Billion
NAURA Technology Group Co Ltd (002371) $3.36 Billion 2.76% 0.94x $23.27 Billion
Jiangsu Yoke Technology Co Ltd (002409) $1.25 Billion 6.30% 0.11x $3.07 Billion
Guangdong Huafeng New Energy Technology Co Ltd (002806) $1.01 Billion 8.50% 1.05x $204.60 Million
Zhejiang Mtcn Technology Co Ltd (003026) $44.34 Million 1.04% 0.46x $308.98 Million
Hubei Tech Semiconductors Co (300046) $1.03 Billion 4.28% 0.07x $823.72 Million