Lingyuan Iron & Steel Co Ltd (600231) - Net Assets
Based on the latest financial reports, Lingyuan Iron & Steel Co Ltd (600231) has net assets worth CN¥3.59 Billion CNY (≈ $525.69 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¥15.33 Billion ≈ $2.24 Billion USD) and total liabilities (CN¥11.73 Billion ≈ $1.72 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 Lingyuan Iron & Steel Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.59 Billion |
| % of Total Assets | 23.44% |
| Annual Growth Rate | 7.83% |
| 5-Year Change | -56.55% |
| 10-Year Change | -23.04% |
| Growth Volatility | 27.72 |
Lingyuan Iron & Steel Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Lingyuan Iron & Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Lingyuan Iron & Steel Co Ltd (600231) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Lingyuan Iron & Steel Co Ltd (1997–2025)
The table below shows the annual net assets of Lingyuan Iron & Steel Co Ltd from 1997 to 2025. For live valuation and market cap data, see how much is Lingyuan Iron & Steel Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.02 Billion ≈ $588.15 Million |
-28.57% |
| 2024-12-31 | CN¥5.63 Billion ≈ $823.39 Million |
-24.20% |
| 2023-12-31 | CN¥7.42 Billion ≈ $1.09 Billion |
-8.87% |
| 2022-12-31 | CN¥8.15 Billion ≈ $1.19 Billion |
-11.95% |
| 2021-12-31 | CN¥9.25 Billion ≈ $1.35 Billion |
+11.78% |
| 2020-12-31 | CN¥8.28 Billion ≈ $1.21 Billion |
+6.81% |
| 2019-12-31 | CN¥7.75 Billion ≈ $1.13 Billion |
+4.08% |
| 2018-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+16.58% |
| 2017-12-31 | CN¥6.39 Billion ≈ $934.57 Million |
+22.29% |
| 2016-12-31 | CN¥5.22 Billion ≈ $764.21 Million |
+2.33% |
| 2015-12-31 | CN¥5.10 Billion ≈ $746.79 Million |
+65.38% |
| 2014-12-31 | CN¥3.09 Billion ≈ $451.56 Million |
-19.36% |
| 2013-12-31 | CN¥3.83 Billion ≈ $559.96 Million |
+0.21% |
| 2012-12-31 | CN¥3.82 Billion ≈ $558.81 Million |
-0.67% |
| 2011-12-31 | CN¥3.84 Billion ≈ $562.59 Million |
+3.41% |
| 2010-12-31 | CN¥3.72 Billion ≈ $544.05 Million |
+19.69% |
| 2009-12-31 | CN¥3.11 Billion ≈ $454.54 Million |
+8.96% |
| 2008-12-31 | CN¥2.85 Billion ≈ $417.18 Million |
-3.48% |
| 2007-12-31 | CN¥2.95 Billion ≈ $432.23 Million |
+11.25% |
| 2006-12-31 | CN¥2.66 Billion ≈ $388.53 Million |
+9.36% |
| 2005-12-31 | CN¥2.43 Billion ≈ $355.28 Million |
+8.70% |
| 2004-12-31 | CN¥2.23 Billion ≈ $326.84 Million |
+20.44% |
| 2003-12-31 | CN¥1.85 Billion ≈ $271.38 Million |
+31.21% |
| 2002-12-31 | CN¥1.41 Billion ≈ $206.82 Million |
+11.27% |
| 2001-12-31 | CN¥1.27 Billion ≈ $185.86 Million |
+10.11% |
| 2000-12-31 | CN¥1.15 Billion ≈ $168.80 Million |
+122.28% |
| 1999-12-31 | CN¥518.96 Million ≈ $75.94 Million |
+5.18% |
| 1998-12-31 | CN¥493.39 Million ≈ $72.20 Million |
+1.21% |
| 1997-12-31 | CN¥487.49 Million ≈ $71.33 Million |
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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 decreased by 1083434.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.37 Billion | 108.74% |
| Total Equity | CN¥4.02 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 |
|---|---|
|
Xinjiang Yilite Industry Co Ltd
SHG:600197
|
$706.25 Million |
|
Media and Games Invest PLC
F:M8G
|
$706.46 Million |
|
Enhabit Inc.
NYSE:EHAB
|
$706.91 Million |
|
Thai Vegetable Oil Public Company Limited
BK:TVO-R
|
$706.96 Million |
|
Shandong Huatai Paper Industry Shareholding Co Ltd
SHG:600308
|
$705.85 Million |
|
Kunming Chuan Jin Nuo Chemical Co Ltd
SHE:300505
|
$705.49 Million |
|
Vestis Corporation
NYSE:VSTS
|
$705.34 Million |
|
Sparebank 1 Ringerike Hadeland
OL:RING
|
$705.31 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 2024 to 2025, total equity changed from 5,626,874,000 to 4,019,311,663, a change of -1,607,562,337 (-28.6%).
- Net loss of 1,557,256,461 reduced equity.
- Dividend payments of 108,923,833 reduced retained earnings.
- Other comprehensive income decreased equity by 1,126,313,468.
- Other factors increased equity by 1,184,931,426.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.56 Billion | -38.74% |
| Dividends Paid | CN¥108.92 Million | -2.71% |
| Other Comprehensive Income | CN¥-1.13 Billion | -28.02% |
| Other Changes | CN¥1.18 Billion | +29.48% |
| Total Change | CN¥- | -28.57% |
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: 1.19x
- 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 5.19x to 1.19x 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¥1.68 | x |
| 1998-12-31 | CN¥0.33 | CN¥1.68 | x |
| 1999-12-31 | CN¥0.34 | CN¥1.68 | x |
| 2000-12-31 | CN¥0.77 | CN¥1.68 | x |
| 2001-12-31 | CN¥0.84 | CN¥1.68 | x |
| 2002-12-31 | CN¥0.98 | CN¥1.68 | x |
| 2003-12-31 | CN¥1.23 | CN¥1.68 | x |
| 2004-12-31 | CN¥1.48 | CN¥1.68 | x |
| 2005-12-31 | CN¥1.61 | CN¥1.68 | x |
| 2006-12-31 | CN¥1.78 | CN¥1.68 | x |
| 2007-12-31 | CN¥1.90 | CN¥1.68 | x |
| 2008-12-31 | CN¥1.61 | CN¥1.68 | x |
| 2009-12-31 | CN¥1.75 | CN¥1.68 | x |
| 2010-12-31 | CN¥2.10 | CN¥1.68 | x |
| 2011-12-31 | CN¥2.13 | CN¥1.68 | x |
| 2012-12-31 | CN¥2.15 | CN¥1.68 | x |
| 2013-12-31 | CN¥2.16 | CN¥1.68 | x |
| 2014-12-31 | CN¥1.74 | CN¥1.68 | x |
| 2015-12-31 | CN¥1.95 | CN¥1.68 | x |
| 2016-12-31 | CN¥1.77 | CN¥1.68 | x |
| 2017-12-31 | CN¥2.33 | CN¥1.68 | x |
| 2018-12-31 | CN¥2.67 | CN¥1.68 | x |
| 2019-12-31 | CN¥2.72 | CN¥1.68 | x |
| 2020-12-31 | CN¥2.82 | CN¥1.68 | x |
| 2021-12-31 | CN¥3.22 | CN¥1.68 | x |
| 2022-12-31 | CN¥2.86 | CN¥1.68 | x |
| 2023-12-31 | CN¥2.60 | CN¥1.68 | x |
| 2024-12-31 | CN¥1.98 | CN¥1.68 | x |
| 2025-12-31 | CN¥1.41 | CN¥1.68 | 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): -38.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.94%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 3.84x
- Recent ROE (-38.74%) is below the historical average (6.06%), 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 |
| 2025 | -38.74% | -9.94% | 1.01x | 3.84x | CN¥-1.96 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: $19,725,227,367
- Average return on equity (ROE) among peers: 1.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Lingyuan Iron & Steel Co Ltd (600231) | CN¥3.59 Billion | 17.25% | 3.27x | $706.06 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $1.54 Billion | 1.15% | 1.48x | $10.58 Billion |
| HBIS Co Ltd (000709) | $44.57 Billion | 0.25% | 2.47x | $3.19 Billion |
| Sgis Songshan Co Ltd (000717) | $2.73 Billion | 12.79% | 0.93x | $776.76 Million |
| Bengang Steel Plates Co Ltd (000761) | $3.49 Billion | 7.88% | 0.51x | $1.27 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $17.31 Billion | 5.96% | 1.96x | $2.22 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $26.14 Billion | 2.41% | 1.90x | $3.01 Billion |
| Jiangsu Fasten Co Ltd (000890) | $654.28 Million | -22.20% | 10.49x | $410.06 Million |
| Angang Steel Co Ltd Class A (000898) | $52.55 Billion | 3.40% | 0.67x | $2.35 Billion |
| Hunan Valin Steel Co Ltd (000932) | $14.70 Billion | 0.51% | 3.97x | $3.90 Billion |
| Beijing Shougang Co Ltd (000959) | $33.58 Billion | 1.19% | 2.79x | $4.36 Billion |
About Lingyuan Iron & Steel Co Ltd
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. The company was founded in 1994 and is based in Lingyuan, China.