Mudanjiang Hengfeng Paper Co Ltd (600356) - Net Assets
Based on the latest financial reports, Mudanjiang Hengfeng Paper Co Ltd (600356) has net assets worth CN¥3.16 Billion CNY (≈ $462.46 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¥4.49 Billion ≈ $657.54 Million USD) and total liabilities (CN¥1.33 Billion ≈ $195.08 Million 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. Check 600356 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.16 Billion |
| % of Total Assets | 70.33% |
| Annual Growth Rate | 10.46% |
| 5-Year Change | 18.42% |
| 10-Year Change | 38.65% |
| Growth Volatility | 33.72 |
Mudanjiang Hengfeng Paper Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Mudanjiang Hengfeng Paper Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Mudanjiang Hengfeng Paper Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Mudanjiang Hengfeng Paper Co Ltd (1997–2025)
The table below shows the annual net assets of Mudanjiang Hengfeng Paper Co Ltd from 1997 to 2025. For live valuation and market cap data, see 600356 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.81 Billion ≈ $411.35 Million |
+6.09% |
| 2024-12-31 | CN¥2.65 Billion ≈ $387.73 Million |
+2.97% |
| 2023-12-31 | CN¥2.57 Billion ≈ $376.56 Million |
+4.15% |
| 2022-12-31 | CN¥2.47 Billion ≈ $361.57 Million |
+4.09% |
| 2021-12-31 | CN¥2.37 Billion ≈ $347.36 Million |
+2.44% |
| 2020-12-31 | CN¥2.32 Billion ≈ $339.08 Million |
+5.41% |
| 2019-12-31 | CN¥2.20 Billion ≈ $321.68 Million |
+3.19% |
| 2018-12-31 | CN¥2.13 Billion ≈ $311.73 Million |
+1.67% |
| 2017-12-31 | CN¥2.10 Billion ≈ $306.61 Million |
+3.35% |
| 2016-12-31 | CN¥2.03 Billion ≈ $296.68 Million |
+3.41% |
| 2015-12-31 | CN¥1.96 Billion ≈ $286.91 Million |
+21.29% |
| 2014-12-31 | CN¥1.62 Billion ≈ $236.55 Million |
+3.82% |
| 2013-12-31 | CN¥1.56 Billion ≈ $227.85 Million |
+11.71% |
| 2012-12-31 | CN¥1.39 Billion ≈ $203.96 Million |
+12.34% |
| 2011-12-31 | CN¥1.24 Billion ≈ $181.56 Million |
+6.03% |
| 2010-12-31 | CN¥1.17 Billion ≈ $171.24 Million |
+1.96% |
| 2009-12-31 | CN¥1.15 Billion ≈ $167.95 Million |
+5.70% |
| 2008-12-31 | CN¥1.09 Billion ≈ $158.89 Million |
+3.40% |
| 2007-12-31 | CN¥1.05 Billion ≈ $153.66 Million |
+38.98% |
| 2006-12-31 | CN¥755.55 Million ≈ $110.56 Million |
+7.08% |
| 2005-12-31 | CN¥705.59 Million ≈ $103.25 Million |
+9.50% |
| 2004-12-31 | CN¥644.39 Million ≈ $94.29 Million |
+7.79% |
| 2003-12-31 | CN¥597.81 Million ≈ $87.48 Million |
+13.20% |
| 2002-12-31 | CN¥528.10 Million ≈ $77.28 Million |
+7.60% |
| 2001-12-31 | CN¥490.79 Million ≈ $71.82 Million |
+7.17% |
| 2000-12-31 | CN¥457.96 Million ≈ $67.01 Million |
+183.04% |
| 1999-12-31 | CN¥161.80 Million ≈ $23.68 Million |
-14.21% |
| 1998-12-31 | CN¥188.59 Million ≈ $27.60 Million |
+8.67% |
| 1997-12-31 | CN¥173.54 Million ≈ $25.39 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Mudanjiang Hengfeng 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 6424.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.38 Billion | 50.60% |
| Other Components | CN¥1.35 Billion | 49.40% |
| Total Equity | CN¥2.74 Billion | 100.00% |
Mudanjiang Hengfeng Paper Co Ltd Competitors by Market Cap
The table below lists competitors of Mudanjiang Hengfeng Paper Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kennede Electronics MFG Co Ltd
SHE:002723
|
$400.25 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
$400.25 Million |
|
Jtekt India Limited
NSE:JTEKTINDIA
|
$400.25 Million |
|
Zota Health Care LImited
NSE:ZOTA
|
$400.34 Million |
|
IOL Chemicals and Pharmaceuticals Limited
NSE:IOLCP
|
$400.16 Million |
|
Clearpoint Neuro Inc
NASDAQ:CLPT
|
$400.06 Million |
|
Guilin Tourism Corp Ltd
SHE:000978
|
$400.05 Million |
|
Emergent Biosolutions Inc
NYSE:EBS
|
$399.87 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mudanjiang Hengfeng Paper Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,573,211,898 to 2,735,087,239, a change of 161,875,341 (6.3%).
- Net income of 197,723,106 contributed positively to equity growth.
- Dividend payments of 48,113,788 reduced retained earnings.
- Other comprehensive income decreased equity by 194,179,867.
- Other factors increased equity by 206,445,890.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥197.72 Million | +7.23% |
| Dividends Paid | CN¥48.11 Million | -1.76% |
| Other Comprehensive Income | CN¥-194.18 Million | -7.1% |
| Other Changes | CN¥206.45 Million | +7.55% |
| Total Change | CN¥- | 6.29% |
Book Value vs Market Value Analysis
This analysis compares Mudanjiang Hengfeng 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: 0.91x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.94x to 0.91x 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¥1.04 | CN¥8.30 | x |
| 1998-12-31 | CN¥1.14 | CN¥8.30 | x |
| 1999-12-31 | CN¥0.97 | CN¥8.30 | x |
| 2000-12-31 | CN¥2.76 | CN¥8.30 | x |
| 2001-12-31 | CN¥2.95 | CN¥8.30 | x |
| 2002-12-31 | CN¥3.18 | CN¥8.30 | x |
| 2003-12-31 | CN¥3.60 | CN¥8.30 | x |
| 2004-12-31 | CN¥3.88 | CN¥8.30 | x |
| 2005-12-31 | CN¥4.25 | CN¥8.30 | x |
| 2006-12-31 | CN¥4.45 | CN¥8.30 | x |
| 2007-12-31 | CN¥5.27 | CN¥8.30 | x |
| 2008-12-31 | CN¥4.71 | CN¥8.30 | x |
| 2009-12-31 | CN¥4.87 | CN¥8.30 | x |
| 2010-12-31 | CN¥4.94 | CN¥8.30 | x |
| 2011-12-31 | CN¥5.25 | CN¥8.30 | x |
| 2012-12-31 | CN¥4.88 | CN¥8.30 | x |
| 2013-12-31 | CN¥6.03 | CN¥8.30 | x |
| 2014-12-31 | CN¥6.20 | CN¥8.30 | x |
| 2015-12-31 | CN¥6.82 | CN¥8.30 | x |
| 2016-12-31 | CN¥6.77 | CN¥8.30 | x |
| 2017-12-31 | CN¥7.00 | CN¥8.30 | x |
| 2018-12-31 | CN¥6.95 | CN¥8.30 | x |
| 2019-12-31 | CN¥7.27 | CN¥8.30 | x |
| 2020-12-31 | CN¥7.48 | CN¥8.30 | x |
| 2021-12-31 | CN¥5.68 | CN¥8.30 | x |
| 2022-12-31 | CN¥8.01 | CN¥8.30 | x |
| 2023-12-31 | CN¥8.44 | CN¥8.30 | x |
| 2024-12-31 | CN¥8.66 | CN¥8.30 | x |
| 2025-12-31 | CN¥9.16 | CN¥8.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mudanjiang Hengfeng 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): 7.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.01%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.39x
- Recent ROE (7.23%) is below the historical average (7.83%), 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 | 14.86% | 10.17% | 0.91x | 1.61x | CN¥8.44 Million |
| 1998 | 16.16% | 11.48% | 0.79x | 1.79x | CN¥11.62 Million |
| 1999 | 20.17% | 10.94% | 0.79x | 2.33x | CN¥16.46 Million |
| 2000 | 8.60% | 11.78% | 0.50x | 1.46x | CN¥-6.43 Million |
| 2001 | 9.31% | 12.39% | 0.56x | 1.34x | CN¥-3.38 Million |
| 2002 | 8.98% | 11.12% | 0.61x | 1.33x | CN¥-5.40 Million |
| 2003 | 11.66% | 13.84% | 0.53x | 1.58x | CN¥9.93 Million |
| 2004 | 11.57% | 13.17% | 0.49x | 1.80x | CN¥10.14 Million |
| 2005 | 10.66% | 10.89% | 0.48x | 2.05x | CN¥4.64 Million |
| 2006 | 5.41% | 5.30% | 0.48x | 2.12x | CN¥-33.90 Million |
| 2007 | 3.64% | 4.25% | 0.56x | 1.54x | CN¥-65.94 Million |
| 2008 | 5.84% | 5.77% | 0.72x | 1.40x | CN¥-44.72 Million |
| 2009 | 9.24% | 9.28% | 0.70x | 1.42x | CN¥-8.65 Million |
| 2010 | 7.09% | 6.86% | 0.63x | 1.65x | CN¥-33.41 Million |
| 2011 | 7.24% | 6.65% | 0.57x | 1.91x | CN¥-33.59 Million |
| 2012 | 6.60% | 6.23% | 0.52x | 2.02x | CN¥-46.65 Million |
| 2013 | 4.81% | 4.86% | 0.57x | 1.74x | CN¥-79.57 Million |
| 2014 | 5.00% | 5.31% | 0.55x | 1.70x | CN¥-79.62 Million |
| 2015 | 4.54% | 6.31% | 0.52x | 1.37x | CN¥-105.65 Million |
| 2016 | 4.72% | 6.96% | 0.50x | 1.36x | CN¥-105.73 Million |
| 2017 | 4.71% | 6.77% | 0.53x | 1.31x | CN¥-109.58 Million |
| 2018 | 3.17% | 4.15% | 0.59x | 1.29x | CN¥-144.23 Million |
| 2019 | 4.54% | 5.64% | 0.60x | 1.35x | CN¥-118.95 Million |
| 2020 | 5.88% | 7.14% | 0.61x | 1.35x | CN¥-92.34 Million |
| 2021 | 10.04% | 24.25% | 0.32x | 1.28x | CN¥916.80K |
| 2022 | 5.37% | 5.25% | 0.80x | 1.27x | CN¥-111.17 Million |
| 2023 | 5.45% | 5.14% | 0.84x | 1.27x | CN¥-113.67 Million |
| 2024 | 4.50% | 4.18% | 0.80x | 1.35x | CN¥-141.50 Million |
| 2025 | 7.23% | 7.01% | 0.74x | 1.39x | CN¥-75.79 Million |
Industry Comparison
This section compares Mudanjiang Hengfeng 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: $2,230,086,618
- Average return on equity (ROE) among peers: 8.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mudanjiang Hengfeng Paper Co Ltd (600356) | CN¥3.16 Billion | 14.86% | 0.42x | $400.24 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $7.19 Billion | 8.38% | 1.50x | $534.47 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $2.12 Billion | 2.41% | 0.55x | $1.66 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $380.56 Million | 5.85% | 0.92x | $487.21 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $1.94 Billion | 4.26% | 0.89x | $902.12 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $1.19 Billion | 18.28% | 2.62x | $5.41 Billion |
| Xiamen Anne Corp Ltd (002235) | $97.49 Million | 21.31% | 1.31x | $796.36 Million |
| Qifeng New Material Co Ltd (002521) | $3.38 Billion | 1.73% | 0.29x | $572.86 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $3.44 Billion | 6.73% | 0.57x | $54.10 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $952.34 Million | 11.33% | 1.00x | $391.20 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $1.63 Billion | 6.04% | 0.45x | $1.21 Billion |
About Mudanjiang Hengfeng Paper Co Ltd
Mudanjiang Hengfeng Paper Co.,Ltd manufactures and sells tobacco, printing, packaging, pharma and cosmetics, and other paper products worldwide. It offers cigarette, rolling, filter, tipping and base, and inner liner papers; thin printing, heat transfer, and pharmaceutical leaflet papers; straw wrapping, toothpick wrapping, machine glazed, and food wrapping papers; oil and medical absorbing base … Read more