Minfeng Special Paper Co Ltd
Minfeng Special Paper Co.,Ltd. manufactures and sells papers in China. It offers cigarette, shaping, plug wrap, tipping base, tracing, translucent, transparent, glassine and coated, wet strength label, aluminized base, and released base papers. The company was founded in 1923 and is based in Jiaxing, China.
Minfeng Special Paper Co Ltd (600235) - Net Assets
Latest net assets as of September 2025: CN¥1.51 Billion CNY
Based on the latest financial reports, Minfeng Special Paper Co Ltd (600235) has net assets worth CN¥1.51 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¥3.06 Billion) and total liabilities (CN¥1.55 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¥1.51 Billion |
| % of Total Assets | 49.37% |
| Annual Growth Rate | 8.19% |
| 5-Year Change | 11.62% |
| 10-Year Change | 18.37% |
| Growth Volatility | 35.39 |
Minfeng Special Paper Co Ltd - Net Assets Trend (1998–2024)
This chart illustrates how Minfeng Special Paper 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 Minfeng Special Paper Co Ltd (1998–2024)
The table below shows the annual net assets of Minfeng Special Paper Co Ltd from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.50 Billion | +3.51% |
| 2023-12-31 | CN¥1.45 Billion | +3.07% |
| 2022-12-31 | CN¥1.41 Billion | +0.65% |
| 2021-12-31 | CN¥1.40 Billion | +3.94% |
| 2020-12-31 | CN¥1.34 Billion | +3.59% |
| 2019-12-31 | CN¥1.30 Billion | +0.85% |
| 2018-12-31 | CN¥1.29 Billion | -0.69% |
| 2017-12-31 | CN¥1.30 Billion | +1.40% |
| 2016-12-31 | CN¥1.28 Billion | +0.81% |
| 2015-12-31 | CN¥1.27 Billion | -11.41% |
| 2014-12-31 | CN¥1.43 Billion | +0.06% |
| 2013-12-31 | CN¥1.43 Billion | +46.07% |
| 2012-12-31 | CN¥979.00 Million | -5.41% |
| 2011-12-31 | CN¥1.03 Billion | -0.35% |
| 2010-12-31 | CN¥1.04 Billion | +6.92% |
| 2009-12-31 | CN¥971.37 Million | +5.15% |
| 2008-12-31 | CN¥923.77 Million | -0.44% |
| 2007-12-31 | CN¥927.85 Million | +2.77% |
| 2006-12-31 | CN¥902.85 Million | -2.24% |
| 2005-12-31 | CN¥923.54 Million | -1.02% |
| 2004-12-31 | CN¥933.05 Million | +0.79% |
| 2003-12-31 | CN¥925.77 Million | +59.45% |
| 2002-12-31 | CN¥580.61 Million | +3.83% |
| 2001-12-31 | CN¥559.17 Million | +1.48% |
| 2000-12-31 | CN¥551.02 Million | +173.28% |
| 1999-12-31 | CN¥201.63 Million | +4.05% |
| 1998-12-31 | CN¥193.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Minfeng Special Paper 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 261443.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥222.83 Million | 14.85% |
| Common Stock | CN¥351.30 Million | 23.41% |
| Other Comprehensive Income | CN¥97.22 Million | 6.48% |
| Other Components | CN¥829.22 Million | 55.26% |
| Total Equity | CN¥1.50 Billion | 100.00% |
Minfeng Special Paper Co Ltd Competitors by Market Cap
The table below lists competitors of Minfeng Special Paper Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neuromeka Co.Ltd.
KQ:348340
|
$218.74 Million |
|
Síminn hf
IC:SIMINN
|
$218.79 Million |
|
PAKUWON JATI RP 25
F:P04
|
$218.87 Million |
|
Tipco Asphalt Public Company Limited
F:TPY1
|
$218.88 Million |
|
Xperi Corp
NYSE:XPER
|
$218.69 Million |
|
Song Da Urban & Industrial Zone Investment and Development JSC
VN:SJS
|
$218.67 Million |
|
Stingray Group Inc
PINK:STGYF
|
$218.66 Million |
|
ChinaEtek Service & Technology Co. Ltd.
SHE:301208
|
$218.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Minfeng Special Paper Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,449,647,686 to 1,500,570,969, a change of 50,923,283 (3.5%).
- Net income of 72,001,283 contributed positively to equity growth.
- Dividend payments of 49,130,279 reduced retained earnings.
- Other comprehensive income increased equity by 97,219,255.
- Other factors decreased equity by 69,166,976.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥72.00 Million | +4.8% |
| Dividends Paid | CN¥49.13 Million | -3.27% |
| Other Comprehensive Income | CN¥97.22 Million | +6.48% |
| Other Changes | CN¥-69.17 Million | -4.61% |
| Total Change | CN¥- | 3.51% |
Book Value vs Market Value Analysis
This analysis compares Minfeng Special Paper 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: 1.68x
- 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 9.73x to 1.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.74 | CN¥7.17 | x |
| 1999-12-31 | CN¥0.77 | CN¥7.17 | x |
| 2000-12-31 | CN¥2.05 | CN¥7.17 | x |
| 2001-12-31 | CN¥2.08 | CN¥7.17 | x |
| 2002-12-31 | CN¥2.11 | CN¥7.17 | x |
| 2003-12-31 | CN¥3.23 | CN¥7.17 | x |
| 2004-12-31 | CN¥3.23 | CN¥7.17 | x |
| 2005-12-31 | CN¥3.19 | CN¥7.17 | x |
| 2006-12-31 | CN¥3.17 | CN¥7.17 | x |
| 2007-12-31 | CN¥3.29 | CN¥7.17 | x |
| 2008-12-31 | CN¥2.92 | CN¥7.17 | x |
| 2009-12-31 | CN¥3.54 | CN¥7.17 | x |
| 2010-12-31 | CN¥3.88 | CN¥7.17 | x |
| 2011-12-31 | CN¥3.95 | CN¥7.17 | x |
| 2012-12-31 | CN¥3.58 | CN¥7.17 | x |
| 2013-12-31 | CN¥4.07 | CN¥7.17 | x |
| 2014-12-31 | CN¥3.31 | CN¥7.17 | x |
| 2015-12-31 | CN¥3.54 | CN¥7.17 | x |
| 2016-12-31 | CN¥4.02 | CN¥7.17 | x |
| 2017-12-31 | CN¥3.33 | CN¥7.17 | x |
| 2018-12-31 | CN¥3.85 | CN¥7.17 | x |
| 2019-12-31 | CN¥3.69 | CN¥7.17 | x |
| 2020-12-31 | CN¥3.83 | CN¥7.17 | x |
| 2021-12-31 | CN¥3.98 | CN¥7.17 | x |
| 2022-12-31 | CN¥4.00 | CN¥7.17 | x |
| 2023-12-31 | CN¥4.03 | CN¥7.17 | x |
| 2024-12-31 | CN¥4.27 | CN¥7.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Minfeng Special Paper 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): 4.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.94%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.06x
- Recent ROE (4.80%) is above the historical average (4.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 20.99% | 16.33% | 0.57x | 2.25x | CN¥21.30 Million |
| 1999 | 20.83% | 14.99% | 0.48x | 2.88x | CN¥21.84 Million |
| 2000 | 8.24% | 14.14% | 0.33x | 1.76x | CN¥-9.48 Million |
| 2001 | 8.22% | 14.20% | 0.28x | 2.09x | CN¥-9.75 Million |
| 2002 | 8.47% | 12.13% | 0.26x | 2.67x | CN¥-8.50 Million |
| 2003 | 6.88% | 12.39% | 0.24x | 2.33x | CN¥-26.56 Million |
| 2004 | 4.53% | 6.81% | 0.25x | 2.64x | CN¥-46.45 Million |
| 2005 | 2.58% | 3.23% | 0.29x | 2.77x | CN¥-62.31 Million |
| 2006 | 0.72% | 0.62% | 0.43x | 2.67x | CN¥-76.30 Million |
| 2007 | 3.27% | 2.51% | 0.54x | 2.40x | CN¥-57.55 Million |
| 2008 | 1.37% | 0.99% | 0.58x | 2.39x | CN¥-74.47 Million |
| 2009 | 11.29% | 9.11% | 0.58x | 2.15x | CN¥12.22 Million |
| 2010 | 6.70% | 5.08% | 0.69x | 1.92x | CN¥-33.42 Million |
| 2011 | 0.76% | 0.54% | 0.62x | 2.28x | CN¥-91.40 Million |
| 2012 | 1.68% | 1.26% | 0.62x | 2.15x | CN¥-79.24 Million |
| 2013 | 1.23% | 1.37% | 0.55x | 1.63x | CN¥-123.14 Million |
| 2014 | 0.30% | 0.31% | 0.58x | 1.69x | CN¥-136.56 Million |
| 2015 | -12.44% | -11.00% | 0.55x | 2.07x | CN¥-279.95 Million |
| 2016 | 1.00% | 0.85% | 0.64x | 1.82x | CN¥-113.49 Million |
| 2017 | 1.50% | 1.19% | 0.72x | 1.75x | CN¥-108.70 Million |
| 2018 | 0.78% | 0.66% | 0.70x | 1.69x | CN¥-118.66 Million |
| 2019 | 0.99% | 0.91% | 0.64x | 1.67x | CN¥-116.98 Million |
| 2020 | 0.56% | 0.56% | 0.62x | 1.62x | CN¥-126.89 Million |
| 2021 | 4.17% | 3.82% | 0.69x | 1.59x | CN¥-81.42 Million |
| 2022 | 1.10% | 0.92% | 0.78x | 1.53x | CN¥-125.24 Million |
| 2023 | 3.22% | 2.89% | 0.67x | 1.68x | CN¥-98.24 Million |
| 2024 | 4.80% | 4.94% | 0.47x | 2.06x | CN¥-78.06 Million |
Industry Comparison
This section compares Minfeng Special Paper Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.
Industry Context
- Industry: Paper & Paper Products
- Average net assets among peers: $1,132,655,863
- Average return on equity (ROE) among peers: 14.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Minfeng Special Paper Co Ltd (600235) | CN¥1.51 Billion | 20.99% | 1.03x | $218.70 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $1.48 Billion | 8.64% | 0.67x | $856.84 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.01 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.70 Billion | 0.34% | 0.06x | $340.02 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $334.24 Million | 16.95% | 2.25x | $888.99 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $4.46 Billion | 3.96% | 2.41x | $2.97 Billion |
| Xiamen Anne Corp Ltd (002235) | $453.96 Million | 11.63% | 0.34x | $679.45 Million |
| Qifeng New Material Co Ltd (002521) | $382.94 Million | 31.00% | 1.37x | $387.93 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $1.32 Billion | 13.98% | 0.36x | $251.60 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $96.98 Million | 33.95% | 2.34x | $282.96 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $519.79 Million | 14.19% | 0.64x | $808.66 Million |