Wanhua Chemical Group Co Ltd

SHG:600309 China Specialty Chemicals
Market Cap
$36.05 Billion
CN¥264.52 Billion CNY
Market Cap Rank
#1017 Global
#36 in China
Share Price
CN¥84.50
Change (1 day)
-2.42%
52-Week Range
CN¥52.53 - CN¥94.32
All Time High
CN¥135.30
Categories
Companies in China Specialty Chemicals
About

Wanhua Chemical Group Co., Ltd. provides polyurethane, petrochemical, and performance chemicals and materials worldwide. It also offers furniture foam, polyurethane adhesive products and composite solutions, automotive polyurethane, and polyurethane elastomer products; and ink resin for plastic packaging film. Wanhua Chemical Group Co., Ltd. was formerly known as Yantai Wanhua Polyurethanes Co., … Read more

Wanhua Chemical Group Co Ltd (600309) - Net Assets

Latest net assets as of September 2025: CN¥116.33 Billion CNY

Based on the latest financial reports, Wanhua Chemical Group Co Ltd (600309) has net assets worth CN¥116.33 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¥328.32 Billion) and total liabilities (CN¥211.99 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¥116.33 Billion
% of Total Assets 35.43%
Annual Growth Rate 31.04%
5-Year Change 100.38%
10-Year Change 598.23%
Growth Volatility 67.21

Wanhua Chemical Group Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Wanhua Chemical Group 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 Wanhua Chemical Group Co Ltd (1997–2024)

The table below shows the annual net assets of Wanhua Chemical Group Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥103.50 Billion +9.58%
2023-12-31 CN¥94.45 Billion +16.13%
2022-12-31 CN¥81.34 Billion +13.45%
2021-12-31 CN¥71.70 Billion +38.81%
2020-12-31 CN¥51.65 Billion +17.57%
2019-12-31 CN¥43.93 Billion +11.93%
2018-12-31 CN¥39.25 Billion +27.63%
2017-12-31 CN¥30.75 Billion +67.74%
2016-12-31 CN¥18.33 Billion +23.68%
2015-12-31 CN¥14.82 Billion +11.57%
2014-12-31 CN¥13.29 Billion +12.77%
2013-12-31 CN¥11.78 Billion +19.69%
2012-12-31 CN¥9.84 Billion +19.81%
2011-12-31 CN¥8.22 Billion +14.82%
2010-12-31 CN¥7.16 Billion +22.83%
2009-12-31 CN¥5.83 Billion +6.89%
2008-12-31 CN¥5.45 Billion +22.78%
2007-12-31 CN¥4.44 Billion +57.41%
2006-12-31 CN¥2.82 Billion +51.98%
2005-12-31 CN¥1.86 Billion +35.95%
2004-12-31 CN¥1.36 Billion +31.49%
2003-12-31 CN¥1.04 Billion +41.82%
2002-12-31 CN¥731.86 Million +11.94%
2001-12-31 CN¥653.80 Million +8.77%
2000-12-31 CN¥601.07 Million +368.46%
1999-12-31 CN¥128.31 Million +4.83%
1998-12-31 CN¥122.40 Million +74.83%
1997-12-31 CN¥70.01 Million --

Equity Component Analysis

This analysis shows how different components contribute to Wanhua Chemical Group 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 8732349200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥87.32 Billion 92.28%
Common Stock CN¥3.14 Billion 3.32%
Other Comprehensive Income CN¥2.02 Billion 2.14%
Other Components CN¥2.14 Billion 2.26%
Total Equity CN¥94.63 Billion 100.00%

Wanhua Chemical Group Co Ltd Competitors by Market Cap

The table below lists competitors of Wanhua Chemical Group Co Ltd ranked by their market capitalization.

Company Market Cap
Epiroc AB (publ)
PINK:EPIAF
 		$19.40 Billion
Expeditors International of Washington, Inc.
NASDAQ:EXPD
 		$19.44 Billion
Hana Financial
KO:086790
 		$19.46 Billion
Suzhou Dongshan Precision Manufacturing Co Ltd
SHE:002384
 		$19.47 Billion
WuXi AppTec Co. Ltd
PINK:WUXIF
 		$19.34 Billion
Anhui Conch Cement Co Ltd
PINK:AHCHY
 		$19.28 Billion
Li Auto Inc
NASDAQ:LI
 		$19.22 Billion
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk
F:PTI
 		$19.22 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wanhua Chemical Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 88,656,204,854 to 94,625,896,000, a change of 5,969,691,146 (6.7%).
  • Net income of 13,033,067,000 contributed positively to equity growth.
  • Dividend payments of 10,170,496,000 reduced retained earnings.
  • Other comprehensive income increased equity by 2,021,498,000.
  • Other factors increased equity by 1,085,622,146.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥13.03 Billion +13.77%
Dividends Paid CN¥10.17 Billion -10.75%
Other Comprehensive Income CN¥2.02 Billion +2.14%
Other Changes CN¥1.09 Billion +1.15%
Total Change CN¥- 6.73%

Book Value vs Market Value Analysis

This analysis compares Wanhua Chemical Group 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: 2.80x
  • 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 2246.84x to 2.80x 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¥0.04 CN¥84.50 x
1998-12-31 CN¥0.07 CN¥84.50 x
1999-12-31 CN¥0.07 CN¥84.50 x
2000-12-31 CN¥0.32 CN¥84.50 x
2001-12-31 CN¥0.35 CN¥84.50 x
2002-12-31 CN¥0.39 CN¥84.50 x
2003-12-31 CN¥0.52 CN¥84.50 x
2004-12-31 CN¥0.69 CN¥84.50 x
2005-12-31 CN¥0.96 CN¥84.50 x
2006-12-31 CN¥1.33 CN¥84.50 x
2007-12-31 CN¥1.50 CN¥84.50 x
2008-12-31 CN¥1.85 CN¥84.50 x
2009-12-31 CN¥1.94 CN¥84.50 x
2010-12-31 CN¥2.37 CN¥84.50 x
2011-12-31 CN¥2.81 CN¥84.50 x
2012-12-31 CN¥3.21 CN¥84.50 x
2013-12-31 CN¥3.74 CN¥84.50 x
2014-12-31 CN¥4.09 CN¥84.50 x
2015-12-31 CN¥4.43 CN¥84.50 x
2016-12-31 CN¥5.71 CN¥84.50 x
2017-12-31 CN¥10.02 CN¥84.50 x
2018-12-31 CN¥12.35 CN¥84.50 x
2019-12-31 CN¥13.51 CN¥84.50 x
2020-12-31 CN¥15.54 CN¥84.50 x
2021-12-31 CN¥21.82 CN¥84.50 x
2022-12-31 CN¥24.47 CN¥84.50 x
2023-12-31 CN¥28.26 CN¥84.50 x
2024-12-31 CN¥30.13 CN¥84.50 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wanhua Chemical Group 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): 13.77%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.16%
  • • Asset Turnover: 0.62x
  • • Equity Multiplier: 3.10x
  • Recent ROE (13.77%) is below the historical average (25.24%), 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 19.64% 9.77% 0.86x 2.34x CN¥6.75 Million
1998 16.91% 11.41% 0.92x 1.61x CN¥8.46 Million
1999 20.48% 12.49% 0.81x 2.02x CN¥13.45 Million
2000 8.29% 14.44% 0.46x 1.26x CN¥-10.30 Million
2001 15.41% 17.63% 0.79x 1.11x CN¥35.35 Million
2002 21.09% 17.50% 0.95x 1.27x CN¥81.14 Million
2003 24.09% 17.29% 0.93x 1.49x CN¥135.86 Million
2004 31.26% 19.18% 0.68x 2.41x CN¥274.41 Million
2005 34.73% 18.66% 0.71x 2.61x CN¥439.79 Million
2006 33.34% 16.83% 0.95x 2.09x CN¥578.22 Million
2007 37.75% 18.98% 1.03x 1.94x CN¥1.09 Billion
2008 31.34% 19.60% 0.98x 1.63x CN¥1.03 Billion
2009 21.11% 16.42% 0.67x 1.91x CN¥561.25 Million
2010 24.90% 16.23% 0.73x 2.11x CN¥915.56 Million
2011 25.51% 13.57% 0.78x 2.40x CN¥1.13 Billion
2012 28.28% 14.73% 0.71x 2.71x CN¥1.52 Billion
2013 29.88% 14.29% 0.65x 3.22x CN¥1.92 Billion
2014 22.84% 10.95% 0.53x 3.93x CN¥1.36 Billion
2015 13.91% 8.26% 0.41x 4.13x CN¥452.65 Million
2016 24.82% 12.22% 0.59x 3.43x CN¥2.20 Billion
2017 40.82% 20.96% 0.81x 2.41x CN¥8.41 Billion
2018 46.08% 21.37% 0.95x 2.28x CN¥12.19 Billion
2019 23.91% 14.89% 0.70x 2.29x CN¥5.89 Billion
2020 20.58% 13.67% 0.55x 2.74x CN¥5.16 Billion
2021 35.98% 16.94% 0.76x 2.78x CN¥17.80 Billion
2022 21.13% 9.80% 0.82x 2.61x CN¥8.55 Billion
2023 18.97% 9.59% 0.69x 2.85x CN¥7.95 Billion
2024 13.77% 7.16% 0.62x 3.10x CN¥3.57 Billion

Industry Comparison

This section compares Wanhua Chemical Group Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $1,775,158,628
  • Average return on equity (ROE) among peers: -19.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Wanhua Chemical Group Co Ltd (600309) CN¥116.33 Billion 19.64% 1.82x $19.35 Billion
Chongqing Sanxia Paints Co Ltd (000565) $390.80 Million 1.64% 0.47x $289.82 Million
Hengyi Petrochemical Co Ltd (000703) $246.42 Million -7.64% 1.62x $1.44 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782) $472.56 Million 10.49% 1.13x $361.89 Million
Luxi Chemical Group Co Ltd (000830) $120.60 Million 41.32% 1.30x $2.28 Billion
China Minmetals Rare Earth Co Ltd (000831) $234.51 Million -303.65% 8.65x $5.40 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859) $2.70 Billion 10.47% 0.21x $884.45 Million
Cofco Biochemical Anhui Co Ltd (000930) $11.76 Billion 9.61% 0.54x $815.97 Million
Shandong Link Science and Technology Co Ltd (001207) $441.43 Million 14.99% 1.14x $330.19 Million
Zhejiang Bofay Elec Co Ltd (001255) $742.80 Million 1.78% 0.61x $169.49 Million
Guangdong Decro Film New (001378) $647.89 Million 29.53% 0.22x $241.78 Million