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¥2.75 Billion CNY (≈ $402.56 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¥3.70 Billion ≈ $541.34 Million USD) and total liabilities (CN¥948.41 Million ≈ $138.78 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 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.75 Billion |
| % of Total Assets | 74.36% |
| Annual Growth Rate | 10.62% |
| 5-Year Change | 14.35% |
| 10-Year Change | 35.14% |
| Growth Volatility | 34.31 |
Mudanjiang Hengfeng Paper Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Mudanjiang Hengfeng Paper Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600356 total assets for the complete picture of this company's asset base.
Annual Net Assets for Mudanjiang Hengfeng Paper Co Ltd (1997–2024)
The table below shows the annual net assets of Mudanjiang Hengfeng Paper Co Ltd from 1997 to 2024. For live valuation and market cap data, see 600356 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 5661.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.22 Billion | 47.49% |
| Common Stock | CN¥298.73 Million | 11.61% |
| Other Comprehensive Income | CN¥194.18 Million | 7.55% |
| Other Components | CN¥858.35 Million | 33.36% |
| Total Equity | CN¥2.57 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 |
|---|---|
|
Stabilus S.A.
XETRA:STM
|
$434.23 Million |
|
Bit Digital Inc
NASDAQ:BTBT
|
$434.35 Million |
|
Heliostar Metals Ltd
V:HSTR
|
$434.44 Million |
|
Heilongjiang Interchina Water Treatment Co Ltd
SHG:600187
|
$434.51 Million |
|
Henan Rebecca Hair Products Co Ltd
SHG:600439
|
$433.99 Million |
|
Jiangsu Junxia Gym Equipment Co. Ltd. A
SHE:301287
|
$433.94 Million |
|
Bemobi Mobile Tech S.A
SA:BMOB3
|
$433.81 Million |
|
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.
SHE:300922
|
$433.74 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 2023 to 2024, total equity changed from 2,498,258,694 to 2,573,211,898, a change of 74,953,204 (3.0%).
- Net income of 115,819,658 contributed positively to equity growth.
- Dividend payments of 68,710,552 reduced retained earnings.
- Other comprehensive income increased equity by 194,179,867.
- Other factors decreased equity by 166,335,769.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥115.82 Million | +4.5% |
| Dividends Paid | CN¥68.71 Million | -2.67% |
| Other Comprehensive Income | CN¥194.18 Million | +7.55% |
| Other Changes | CN¥-166.34 Million | -6.46% |
| Total Change | CN¥- | 3.00% |
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: 1.15x
- 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 9.50x to 1.15x 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¥9.93 | x |
| 1998-12-31 | CN¥1.14 | CN¥9.93 | x |
| 1999-12-31 | CN¥0.97 | CN¥9.93 | x |
| 2000-12-31 | CN¥2.76 | CN¥9.93 | x |
| 2001-12-31 | CN¥2.95 | CN¥9.93 | x |
| 2002-12-31 | CN¥3.18 | CN¥9.93 | x |
| 2003-12-31 | CN¥3.60 | CN¥9.93 | x |
| 2004-12-31 | CN¥3.88 | CN¥9.93 | x |
| 2005-12-31 | CN¥4.25 | CN¥9.93 | x |
| 2006-12-31 | CN¥4.45 | CN¥9.93 | x |
| 2007-12-31 | CN¥5.27 | CN¥9.93 | x |
| 2008-12-31 | CN¥4.71 | CN¥9.93 | x |
| 2009-12-31 | CN¥4.87 | CN¥9.93 | x |
| 2010-12-31 | CN¥4.94 | CN¥9.93 | x |
| 2011-12-31 | CN¥5.25 | CN¥9.93 | x |
| 2012-12-31 | CN¥5.00 | CN¥9.93 | x |
| 2013-12-31 | CN¥6.03 | CN¥9.93 | x |
| 2014-12-31 | CN¥6.20 | CN¥9.93 | x |
| 2015-12-31 | CN¥6.82 | CN¥9.93 | x |
| 2016-12-31 | CN¥6.77 | CN¥9.93 | x |
| 2017-12-31 | CN¥7.00 | CN¥9.93 | x |
| 2018-12-31 | CN¥6.95 | CN¥9.93 | x |
| 2019-12-31 | CN¥7.30 | CN¥9.93 | x |
| 2020-12-31 | CN¥7.50 | CN¥9.93 | x |
| 2021-12-31 | CN¥7.71 | CN¥9.93 | x |
| 2022-12-31 | CN¥8.04 | CN¥9.93 | x |
| 2023-12-31 | CN¥8.44 | CN¥9.93 | x |
| 2024-12-31 | CN¥8.66 | CN¥9.93 | 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): 4.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.18%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.35x
- Recent ROE (4.50%) is below the historical average (7.63%), 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 | 4.10% | 5.09% | 0.60x | 1.35x | CN¥-128.52 Million |
| 2020 | 5.88% | 7.20% | 0.60x | 1.35x | CN¥-92.34 Million |
| 2021 | 4.40% | 5.01% | 0.69x | 1.28x | CN¥-128.87 Million |
| 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 |
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: $4,159,975,430
- Average return on equity (ROE) among peers: 9.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mudanjiang Hengfeng Paper Co Ltd (600356) | CN¥2.75 Billion | 14.86% | 0.34x | $434.08 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $14.02 Billion | 7.67% | 0.88x | $641.87 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $33.57 Million | 30.54% | 2.41x | $1.94 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $1.57 Billion | 5.91% | 0.43x | $457.79 Million |
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | $676.34 Million | 8.62% | 1.47x | $1.06 Billion |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $12.63 Billion | 17.72% | 1.34x | $6.02 Billion |
| Xiamen Anne Corp Ltd (002235) | $467.27 Million | 2.05% | 0.67x | $949.87 Million |
| Qifeng New Material Co Ltd (002521) | $1.97 Billion | 7.46% | 0.30x | $684.32 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $7.75 Billion | 7.78% | 1.65x | $76.65 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $795.60 Million | 9.42% | 0.71x | $473.30 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $1.69 Billion | 0.91% | 0.43x | $1.46 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