Minmetals Capital Co Ltd (600390) - Net Assets

Latest as of March 2026: CN¥52.41 Billion CNY ≈ $7.67 Billion USD

Based on the latest financial reports, Minmetals Capital Co Ltd (600390) has net assets worth CN¥52.41 Billion CNY (≈ $7.67 Billion 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¥149.82 Billion ≈ $21.92 Billion USD) and total liabilities (CN¥97.41 Billion ≈ $14.25 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. Check tangible net worth ratio of Minmetals Capital Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥52.41 Billion
% of Total Assets	34.98%
Annual Growth Rate	28.34%
5-Year Change	-9.05%
10-Year Change	221.92%
Growth Volatility	301.07

Minmetals Capital Co Ltd - Net Assets Trend (1997–2025)

This chart illustrates how Minmetals Capital Co Ltd's net assets have evolved over time, based on quarterly financial data. See Minmetals Capital Co Ltd (600390) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Minmetals Capital Co Ltd (1997–2025)

The table below shows the annual net assets of Minmetals Capital Co Ltd from 1997 to 2025. For live valuation and market cap data, see 600390 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥51.94 Billion ≈ $7.60 Billion	-15.91%
2024-12-31	CN¥61.77 Billion ≈ $9.04 Billion	-0.18%
2023-12-31	CN¥61.89 Billion ≈ $9.06 Billion	+6.03%
2022-12-31	CN¥58.37 Billion ≈ $8.54 Billion	+2.20%
2021-12-31	CN¥57.11 Billion ≈ $8.36 Billion	+3.07%
2020-12-31	CN¥55.41 Billion ≈ $8.11 Billion	+45.01%
2019-12-31	CN¥38.21 Billion ≈ $5.59 Billion	+6.24%
2018-12-31	CN¥35.97 Billion ≈ $5.26 Billion	+4.30%
2017-12-31	CN¥34.48 Billion ≈ $5.05 Billion	+113.71%
2016-12-31	CN¥16.14 Billion ≈ $2.36 Billion	+0.46%
2015-12-31	CN¥16.06 Billion ≈ $2.35 Billion	+1548.64%
2014-12-31	CN¥974.20 Million ≈ $142.56 Million	-3.40%
2013-12-31	CN¥1.01 Billion ≈ $147.57 Million	+75.60%
2012-12-31	CN¥574.29 Million ≈ $84.04 Million	+1.74%
2011-12-31	CN¥564.48 Million ≈ $82.60 Million	-14.34%
2010-12-31	CN¥658.97 Million ≈ $96.43 Million	+4.92%
2009-12-31	CN¥628.10 Million ≈ $91.91 Million	-19.97%
2008-12-31	CN¥784.78 Million ≈ $114.84 Million	+3.84%
2007-12-31	CN¥755.75 Million ≈ $110.59 Million	+8.52%
2006-12-31	CN¥696.45 Million ≈ $101.91 Million	+8.76%
2005-12-31	CN¥640.36 Million ≈ $93.70 Million	-18.17%
2004-12-31	CN¥782.56 Million ≈ $114.51 Million	+2.22%
2003-12-31	CN¥765.59 Million ≈ $112.03 Million	-2.04%
2002-12-31	CN¥781.53 Million ≈ $114.36 Million	+3.78%
2001-12-31	CN¥753.06 Million ≈ $110.20 Million	+11.15%
2000-12-31	CN¥677.54 Million ≈ $99.15 Million	+569.53%
1999-12-31	CN¥101.20 Million ≈ $14.81 Million	+21.54%
1998-12-31	CN¥83.26 Million ≈ $12.18 Million	+73.58%
1997-12-31	CN¥47.97 Million ≈ $7.02 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Minmetals Capital 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 1240799744855.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥12.41 Billion	29.50%
Other Components	CN¥29.64 Billion	70.50%
Total Equity	CN¥42.05 Billion	100.00%

Minmetals Capital Co Ltd Competitors by Market Cap

The table below lists competitors of Minmetals Capital Co Ltd ranked by their market capitalization.

Company	Market Cap
Metro Brands Limited NSE:METROBRAND	$3.04 Billion
Perpetua Resources Corp NASDAQ:PPTA	$3.04 Billion
PENNON GROUP PLC UNS.ADR2 F:3PN0	$3.04 Billion
Guangdong Aofei Data Technology Co Ltd Class A SHE:300738	$3.04 Billion
Arxis, Inc. Class A Common Stock NASDAQ:ARXS	$3.04 Billion
Ta Chen Stainless Pipe Co Ltd TW:2027	$3.04 Billion
Yantai Eddie Precision Mach SHG:603638	$3.04 Billion
Shenglan Technology Co Ltd SHE:300843	$3.04 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 52,032,278,000 to 42,048,542,571, a change of -9,983,735,429 (-19.2%).
Net income of 435,658,236 contributed positively to equity growth.
Dividend payments of 949,827,041 reduced retained earnings.
Other factors decreased equity by 9,469,566,623.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥435.66 Million	+1.04%
Dividends Paid	CN¥949.83 Million	-2.26%
Other Changes	CN¥-9.47 Billion	-22.52%
Total Change	CN¥-	-19.19%

Book Value vs Market Value Analysis

This analysis compares Minmetals Capital 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: 0.49x
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 38.67x to 0.49x 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¥0.12	CN¥4.62	x
1998-12-31	CN¥0.21	CN¥4.62	x
1999-12-31	CN¥0.25	CN¥4.62	x
2000-12-31	CN¥1.67	CN¥4.62	x
2001-12-31	CN¥1.74	CN¥4.62	x
2002-12-31	CN¥1.74	CN¥4.62	x
2003-12-31	CN¥1.73	CN¥4.62	x
2004-12-31	CN¥1.78	CN¥4.62	x
2005-12-31	CN¥1.45	CN¥4.62	x
2006-12-31	CN¥1.61	CN¥4.62	x
2007-12-31	CN¥1.73	CN¥4.62	x
2008-12-31	CN¥1.83	CN¥4.62	x
2009-12-31	CN¥1.57	CN¥4.62	x
2010-12-31	CN¥1.59	CN¥4.62	x
2011-12-31	CN¥1.39	CN¥4.62	x
2012-12-31	CN¥1.27	CN¥4.62	x
2013-12-31	CN¥2.35	CN¥4.62	x
2014-12-31	CN¥1.91	CN¥4.62	x
2015-12-31	CN¥27.52	CN¥4.62	x
2016-12-31	CN¥26.15	CN¥4.62	x
2017-12-31	CN¥7.49	CN¥4.62	x
2018-12-31	CN¥7.24	CN¥4.62	x
2019-12-31	CN¥7.68	CN¥4.62	x
2020-12-31	CN¥10.11	CN¥4.62	x
2021-12-31	CN¥9.30	CN¥4.62	x
2022-12-31	CN¥9.17	CN¥4.62	x
2023-12-31	CN¥8.82	CN¥4.62	x
2024-12-31	CN¥10.29	CN¥4.62	x
2025-12-31	CN¥9.35	CN¥4.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Minmetals Capital 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): 1.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.27%
• Asset Turnover: 0.05x
• Equity Multiplier: 3.54x
Recent ROE (1.04%) is below the historical average (4.59%), 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	26.33%	8.91%	1.15x	2.58x	CN¥7.83 Million
1998	26.09%	12.76%	1.04x	1.97x	CN¥13.40 Million
1999	30.84%	17.41%	0.83x	2.13x	CN¥21.09 Million
2000	3.95%	11.86%	0.25x	1.34x	CN¥-40.60 Million
2001	3.62%	11.21%	0.26x	1.24x	CN¥-44.54 Million
2002	2.23%	6.11%	0.27x	1.33x	CN¥-54.25 Million
2003	-0.85%	-1.55%	0.33x	1.68x	CN¥-75.24 Million
2004	2.89%	2.82%	0.62x	1.66x	CN¥-50.75 Million
2005	-23.03%	-17.88%	0.61x	2.10x	CN¥-192.63 Million
2006	3.69%	2.64%	0.65x	2.14x	CN¥-38.98 Million
2007	8.12%	3.88%	0.95x	2.21x	CN¥-12.52 Million
2008	5.92%	3.22%	0.92x	2.00x	CN¥-28.70 Million
2009	-16.93%	-10.06%	0.80x	2.11x	CN¥-161.91 Million
2010	4.46%	2.15%	0.89x	2.32x	CN¥-34.66 Million
2011	-16.13%	-6.90%	0.92x	2.53x	CN¥-140.86 Million
2012	0.92%	0.45%	0.69x	2.93x	CN¥-49.00 Million
2013	1.07%	0.94%	0.62x	1.83x	CN¥-82.69 Million
2014	-3.15%	-2.15%	0.60x	2.42x	CN¥-117.13 Million
2015	12.36%	10.82%	0.50x	2.28x	CN¥323.41 Million
2016	11.00%	13.37%	0.34x	2.40x	CN¥141.02 Million
2017	7.90%	18.46%	0.11x	3.76x	CN¥-657.14 Million
2018	6.91%	17.45%	0.11x	3.69x	CN¥-1.01 Billion
2019	7.94%	17.07%	0.13x	3.69x	CN¥-710.12 Million
2020	8.21%	22.96%	0.12x	2.93x	CN¥-819.23 Million
2021	7.20%	26.11%	0.09x	3.11x	CN¥-1.32 Billion
2022	5.24%	22.92%	0.07x	3.16x	CN¥-2.30 Billion
2023	4.40%	23.59%	0.06x	3.20x	CN¥-2.93 Billion
2024	0.97%	6.33%	0.05x	3.09x	CN¥-4.70 Billion
2025	1.04%	6.27%	0.05x	3.54x	CN¥-3.77 Billion

Industry Comparison

This section compares Minmetals Capital Co Ltd's net assets metrics with peer companies in the Financial Conglomerates industry.

Industry Context

Industry: Financial Conglomerates
Average net assets among peers: $11,486,339,426
Average return on equity (ROE) among peers: -11.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Minmetals Capital Co Ltd (600390)	CN¥52.41 Billion	26.33%	1.86x	$3.04 Billion
CNPC Capital Co Ltd (000617)	$835.83 Million	6.31%	1.65x	$13.26 Billion
Guangzhou Friendship Group Co Ltd (000987)	$41.55 Billion	5.79%	3.51x	$5.49 Billion
Rendong Holdings Co Ltd (002647)	$115.11 Million	-187.07%	37.47x	$1.86 Billion
Guosheng Financial Holding Inc (002670)	$11.37 Billion	0.68%	1.76x	$3.22 Billion
Guosen Securities Co Ltd (002736)	$11.46 Billion	61.92%	4.73x	$15.29 Billion
First Capital Securities Co Ltd Class A (002797)	$8.89 Billion	1.40%	2.74x	$3.88 Billion
Shanghai Chinafortune Co Ltd (600621)	$110.02 Million	7.11%	1.01x	$1.98 Billion
China Galaxy Securities Co Ltd Class A (601881)	$17.56 Billion	8.09%	2.66x	$12.81 Billion

About Minmetals Capital Co Ltd

SHG:600390 China Financial Conglomerates

Market Cap

$3.04 Billion

CN¥20.78 Billion CNY

Market Cap Rank

#4967 Global

#916 in China

Share Price

CN¥4.62

Change (1 day)

-3.14%

52-Week Range

CN¥4.51 - CN¥6.70

All Time High

CN¥19.12