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¥4.76 Billion CNY (≈ $696.28 Million USD) 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 ≈ $2.21 Billion USD) and total liabilities (CN¥10.36 Billion ≈ $1.52 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. Explore Lingyuan Iron & Steel Co Ltd (600231) cash flow conversion to assess how effectively this company generates cash.
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 Lingyuan Iron & Steel Co Ltd (600231) investment intensity to see how much of total assets are deployed in long-term investments.
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. For live valuation and market cap data, see Lingyuan Iron & Steel Co Ltd (600231) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 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 |
|---|---|
|
LG Chem Ltd
KO:051915
|
$834.60 Million |
|
D-MARKET E.S.+T.SP.ADR/1B
F:8WZ
|
$834.81 Million |
|
Qualitau Ltd
TA:QLTU
|
$835.06 Million |
|
Lonkey Industrial Co Ltd Guangzhou
SHE:000523
|
$835.30 Million |
|
Camden National Corporation
NASDAQ:CAC
|
$833.89 Million |
|
Changchun Engley Automobile Industry Co.Ltd.
SHG:601279
|
$833.06 Million |
|
Shenzhen Weiguang Biological Products Co Ltd
SHE:002880
|
$833.02 Million |
|
Zhejiang Mtcn Technology Co Ltd
SHE:003026
|
$832.67 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: 1.01x
- 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 6.18x to 1.01x 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¥2.00 | x |
| 1998-12-31 | CN¥0.33 | CN¥2.00 | x |
| 1999-12-31 | CN¥0.34 | CN¥2.00 | x |
| 2000-12-31 | CN¥0.77 | CN¥2.00 | x |
| 2001-12-31 | CN¥0.84 | CN¥2.00 | x |
| 2002-12-31 | CN¥0.98 | CN¥2.00 | x |
| 2003-12-31 | CN¥1.23 | CN¥2.00 | x |
| 2004-12-31 | CN¥1.48 | CN¥2.00 | x |
| 2005-12-31 | CN¥1.61 | CN¥2.00 | x |
| 2006-12-31 | CN¥1.78 | CN¥2.00 | x |
| 2007-12-31 | CN¥1.90 | CN¥2.00 | x |
| 2008-12-31 | CN¥1.61 | CN¥2.00 | x |
| 2009-12-31 | CN¥1.75 | CN¥2.00 | x |
| 2010-12-31 | CN¥2.10 | CN¥2.00 | x |
| 2011-12-31 | CN¥2.13 | CN¥2.00 | x |
| 2012-12-31 | CN¥2.15 | CN¥2.00 | x |
| 2013-12-31 | CN¥2.16 | CN¥2.00 | x |
| 2014-12-31 | CN¥1.75 | CN¥2.00 | x |
| 2015-12-31 | CN¥1.95 | CN¥2.00 | x |
| 2016-12-31 | CN¥1.77 | CN¥2.00 | x |
| 2017-12-31 | CN¥2.33 | CN¥2.00 | x |
| 2018-12-31 | CN¥2.67 | CN¥2.00 | x |
| 2019-12-31 | CN¥2.72 | CN¥2.00 | x |
| 2020-12-31 | CN¥2.82 | CN¥2.00 | x |
| 2021-12-31 | CN¥3.24 | CN¥2.00 | x |
| 2022-12-31 | CN¥2.86 | CN¥2.00 | x |
| 2023-12-31 | CN¥2.62 | CN¥2.00 | x |
| 2024-12-31 | CN¥1.98 | CN¥2.00 | 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: $16,306,347,125
- Average return on equity (ROE) among peers: 12.40%
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 | $833.98 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $968.48 Million | 8.30% | 2.28x | $10.51 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $3.33 Billion |
| Sgis Songshan Co Ltd (000717) | $9.51 Billion | 19.57% | 0.87x | $773.21 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.68 Billion | 1.76% | 1.75x | $1.36 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $2.45 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $642.40 Million | 19.03% | 1.39x | $3.24 Billion |
| Jiangsu Fasten Co Ltd (000890) | $155.39 Million | 19.85% | 0.83x | $640.88 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $2.35 Billion |
| Hunan Valin Steel Co Ltd (000932) | $32.53 Billion | 13.50% | 1.55x | $4.06 Billion |
| Beijing Shougang Co Ltd (000959) | $33.58 Billion | 1.19% | 2.79x | $4.14 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. It also exports its products to approximately 30 countries and regions, inclu… Read more