Lingyuan Iron & Steel Co Ltd

SHG:600231 China Steel
Market Cap
$935.99 Million
CN¥6.87 Billion CNY
Market Cap Rank
#13419 Global
#3443 in China
Share Price
CN¥2.41
Change (1 day)
+3.88%
52-Week Range
CN¥1.55 - CN¥2.65
All Time High
CN¥5.59
Categories
Companies in China Steel
About

Lingyuan Iron & Steel Co., Ltd. engages in the production, operation, and development of metallurgical products; and mining, washing, and deep processing of ferrous metal ores in China. The company offers hot-rolled round steel, rebars, medium and wide bands, wire rods, welded steel pipes, ferrous metal ore mining, etc. It also exports its products to approximately 30 countries and regions, inclu… Read more

Lingyuan Iron & Steel Co Ltd (600231) - Net Assets

Latest net assets as of September 2025: CN¥4.76 Billion CNY

Based on the latest financial reports, Lingyuan Iron & Steel Co Ltd (600231) has net assets worth CN¥4.76 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¥15.12 Billion) and total liabilities (CN¥10.36 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¥4.76 Billion
% of Total Assets 31.47%
Annual Growth Rate 9.48%
5-Year Change -32.02%
10-Year Change 10.26%
Growth Volatility 27.17

Lingyuan Iron & Steel Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Lingyuan Iron & 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 Lingyuan Iron & Steel Co Ltd (1997–2024)

The table below shows the annual net assets of Lingyuan Iron & Steel Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.63 Billion -24.20%
2023-12-31 CN¥7.42 Billion -8.87%
2022-12-31 CN¥8.15 Billion -11.95%
2021-12-31 CN¥9.25 Billion +11.78%
2020-12-31 CN¥8.28 Billion +6.81%
2019-12-31 CN¥7.75 Billion +4.08%
2018-12-31 CN¥7.45 Billion +16.58%
2017-12-31 CN¥6.39 Billion +22.29%
2016-12-31 CN¥5.22 Billion +2.33%
2015-12-31 CN¥5.10 Billion +65.38%
2014-12-31 CN¥3.09 Billion -19.36%
2013-12-31 CN¥3.83 Billion +0.21%
2012-12-31 CN¥3.82 Billion -0.67%
2011-12-31 CN¥3.84 Billion +3.41%
2010-12-31 CN¥3.72 Billion +19.69%
2009-12-31 CN¥3.11 Billion +8.96%
2008-12-31 CN¥2.85 Billion -3.48%
2007-12-31 CN¥2.95 Billion +11.25%
2006-12-31 CN¥2.66 Billion +9.36%
2005-12-31 CN¥2.43 Billion +8.70%
2004-12-31 CN¥2.23 Billion +20.44%
2003-12-31 CN¥1.85 Billion +31.21%
2002-12-31 CN¥1.41 Billion +11.27%
2001-12-31 CN¥1.27 Billion +10.11%
2000-12-31 CN¥1.15 Billion +122.28%
1999-12-31 CN¥518.96 Million +5.18%
1998-12-31 CN¥493.39 Million +1.21%
1997-12-31 CN¥487.49 Million --

Equity Component Analysis

This analysis shows how different components contribute to Lingyuan Iron & 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 grown by 3719946.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.21 Billion 21.43%
Common Stock CN¥2.85 Billion 50.69%
Other Comprehensive Income CN¥1.13 Billion 20.02%
Other Components CN¥442.36 Million 7.86%
Total Equity CN¥5.63 Billion 100.00%

Lingyuan Iron & Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Lingyuan Iron & Steel Co Ltd ranked by their market capitalization.

Company Market Cap
BETTERWARE DE MEXICO SAPI
F:BM0
 		$268.97 Million
Hiwin Mikrosystem Corp
TW:4576
 		$268.97 Million
Automatic Bank Services Limited
PINK:ABANF
 		$269.02 Million
Qingdao Weflo Valve Co Ltd
SHE:002871
 		$269.09 Million
Jiangsu Beiren Robot System Co Ltd
SHG:688218
 		$268.88 Million
Multiconsult ASA
LSE:0R8N
 		$268.78 Million
ZINZINO AB B
F:9EE
 		$268.71 Million
Ningbo Jianan Electronics Co Ltd
SHE:300880
 		$268.70 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,423,147,000 to 5,626,874,000, a change of -1,796,273,000 (-24.2%).
  • Net loss of 1,678,457,000 reduced equity.
  • Dividend payments of 68,738,000 reduced retained earnings.
  • Other comprehensive income decreased equity by 14,096,532.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.68 Billion -29.83%
Dividends Paid CN¥68.74 Million -1.22%
Other Comprehensive Income CN¥-14.10 Million -0.25%
Other Changes CN¥-34.98 Million -0.62%
Total Change CN¥- -24.20%

Book Value vs Market Value Analysis

This analysis compares Lingyuan Iron & 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: 1.22x
  • 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 7.44x to 1.22x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.32 CN¥2.41 x
1998-12-31 CN¥0.33 CN¥2.41 x
1999-12-31 CN¥0.34 CN¥2.41 x
2000-12-31 CN¥0.77 CN¥2.41 x
2001-12-31 CN¥0.84 CN¥2.41 x
2002-12-31 CN¥0.98 CN¥2.41 x
2003-12-31 CN¥1.23 CN¥2.41 x
2004-12-31 CN¥1.48 CN¥2.41 x
2005-12-31 CN¥1.61 CN¥2.41 x
2006-12-31 CN¥1.78 CN¥2.41 x
2007-12-31 CN¥1.90 CN¥2.41 x
2008-12-31 CN¥1.61 CN¥2.41 x
2009-12-31 CN¥1.75 CN¥2.41 x
2010-12-31 CN¥2.10 CN¥2.41 x
2011-12-31 CN¥2.13 CN¥2.41 x
2012-12-31 CN¥2.15 CN¥2.41 x
2013-12-31 CN¥2.16 CN¥2.41 x
2014-12-31 CN¥1.75 CN¥2.41 x
2015-12-31 CN¥1.95 CN¥2.41 x
2016-12-31 CN¥1.77 CN¥2.41 x
2017-12-31 CN¥2.33 CN¥2.41 x
2018-12-31 CN¥2.67 CN¥2.41 x
2019-12-31 CN¥2.72 CN¥2.41 x
2020-12-31 CN¥2.82 CN¥2.41 x
2021-12-31 CN¥3.24 CN¥2.41 x
2022-12-31 CN¥2.86 CN¥2.41 x
2023-12-31 CN¥2.62 CN¥2.41 x
2024-12-31 CN¥1.98 CN¥2.41 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Lingyuan Iron & 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): -29.83%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -9.27%
  • • Asset Turnover: 1.19x
  • • Equity Multiplier: 2.71x
  • Recent ROE (-29.83%) is below the historical average (7.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 17.25% 8.79% 0.99x 1.97x CN¥35.36 Million
1998 15.67% 6.51% 1.25x 1.93x CN¥27.96 Million
1999 21.11% 8.33% 1.50x 1.69x CN¥57.67 Million
2000 12.23% 8.85% 1.04x 1.33x CN¥25.72 Million
2001 12.88% 8.80% 1.04x 1.41x CN¥36.62 Million
2002 13.82% 8.23% 1.10x 1.53x CN¥56.31 Million
2003 23.74% 12.24% 1.18x 1.64x CN¥254.72 Million
2004 20.49% 7.91% 1.78x 1.46x CN¥234.27 Million
2005 13.38% 5.54% 1.91x 1.26x CN¥81.97 Million
2006 13.90% 6.18% 1.78x 1.27x CN¥103.55 Million
2007 16.99% 7.83% 1.96x 1.11x CN¥233.69 Million
2008 11.86% 3.68% 1.45x 2.22x CN¥52.94 Million
2009 9.60% 3.14% 1.39x 2.20x CN¥-12.36 Million
2010 16.04% 4.64% 1.60x 2.17x CN¥224.47 Million
2011 4.06% 1.09% 1.27x 2.92x CN¥-228.52 Million
2012 1.14% 0.33% 1.00x 3.43x CN¥-338.29 Million
2013 2.00% 0.49% 1.10x 3.72x CN¥-306.26 Million
2014 -23.09% -4.96% 1.00x 4.64x CN¥-1.02 Billion
2015 0.93% 0.38% 0.81x 3.00x CN¥-462.72 Million
2016 2.56% 0.93% 0.94x 2.95x CN¥-388.31 Million
2017 18.90% 6.71% 1.22x 2.31x CN¥568.13 Million
2018 16.08% 5.76% 1.30x 2.15x CN¥452.79 Million
2019 5.52% 2.03% 1.33x 2.05x CN¥-347.24 Million
2020 6.74% 2.75% 1.27x 1.93x CN¥-269.61 Million
2021 9.93% 3.51% 1.49x 1.90x CN¥-6.49 Million
2022 -10.23% -3.87% 1.30x 2.04x CN¥-1.65 Billion
2023 -9.18% -3.35% 1.23x 2.22x CN¥-1.42 Billion
2024 -29.83% -9.27% 1.19x 2.71x CN¥-2.24 Billion

Industry Comparison

This section compares Lingyuan Iron & 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
Lingyuan Iron & Steel Co Ltd (600231) CN¥4.76 Billion 17.25% 2.18x $268.90 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