Shenghe Resources Holding Co Ltd (600392) - Net Assets

Latest as of September 2025: CN¥14.94 Billion CNY ≈ $2.19 Billion USD

Based on the latest financial reports, Shenghe Resources Holding Co Ltd (600392) has net assets worth CN¥14.94 Billion CNY (≈ $2.19 Billion 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¥22.16 Billion ≈ $3.24 Billion USD) and total liabilities (CN¥7.22 Billion ≈ $1.06 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 how resilient are Shenghe Resources Holding Co Ltd's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥14.94 Billion
% of Total Assets	67.41%
Annual Growth Rate	25.41%
5-Year Change	20.47%
10-Year Change	586.11%
Growth Volatility	97.94

Shenghe Resources Holding Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Shenghe Resources Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600392 total assets for the complete picture of this company's asset base.

Annual Net Assets for Shenghe Resources Holding Co Ltd (2000–2024)

The table below shows the annual net assets of Shenghe Resources Holding Co Ltd from 2000 to 2024. For live valuation and market cap data, see 600392 market cap.

Year	Net Assets	Change
2024-12-31	CN¥9.65 Billion ≈ $1.41 Billion	-1.16%
2023-12-31	CN¥9.76 Billion ≈ $1.43 Billion	-2.54%
2022-12-31	CN¥10.02 Billion ≈ $1.47 Billion	+0.22%
2021-12-31	CN¥10.00 Billion ≈ $1.46 Billion	+24.80%
2020-12-31	CN¥8.01 Billion ≈ $1.17 Billion	+46.18%
2019-12-31	CN¥5.48 Billion ≈ $801.74 Million	+1.78%
2018-12-31	CN¥5.38 Billion ≈ $787.71 Million	+3.71%
2017-12-31	CN¥5.19 Billion ≈ $759.50 Million	+272.35%
2016-12-31	CN¥1.39 Billion ≈ $203.97 Million	-0.88%
2015-12-31	CN¥1.41 Billion ≈ $205.79 Million	+8.41%
2014-12-31	CN¥1.30 Billion ≈ $189.82 Million	+17.44%
2013-12-31	CN¥1.10 Billion ≈ $161.64 Million	+19.53%
2012-12-31	CN¥924.13 Million ≈ $135.23 Million	+322.63%
2011-12-31	CN¥218.66 Million ≈ $32.00 Million	-46.35%
2010-12-31	CN¥407.55 Million ≈ $59.64 Million	-18.19%
2009-12-31	CN¥498.16 Million ≈ $72.90 Million	+1.19%
2008-12-31	CN¥492.30 Million ≈ $72.04 Million	+5.72%
2007-12-31	CN¥465.66 Million ≈ $68.14 Million	+1.99%
2006-12-31	CN¥456.57 Million ≈ $66.81 Million	+8.02%
2005-12-31	CN¥422.68 Million ≈ $61.85 Million	+9.73%
2004-12-31	CN¥385.20 Million ≈ $56.37 Million	+15.02%
2003-12-31	CN¥334.89 Million ≈ $49.01 Million	+299.65%
2002-12-31	CN¥83.80 Million ≈ $12.26 Million	+51.15%
2001-12-31	CN¥55.44 Million ≈ $8.11 Million	+31.67%
2000-12-31	CN¥42.10 Million ≈ $6.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenghe Resources Holding 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 69092.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥4.23 Billion	48.44%
Common Stock	CN¥1.75 Billion	20.07%
Other Comprehensive Income	CN¥-1.47 Billion	-16.80%
Other Components	CN¥4.22 Billion	48.29%
Total Equity	CN¥8.73 Billion	100.00%

Shenghe Resources Holding Co Ltd Competitors by Market Cap

The table below lists competitors of Shenghe Resources Holding Co Ltd ranked by their market capitalization.

Company	Market Cap
Yunnan Lincang Xinyuan Germanium Industrial Co Ltd SHE:002428	$6.69 Billion
Sartorius Aktiengesellschaft F:SRT	$6.69 Billion
Northam Platinum Holdings Ltd JSE:NPH	$6.70 Billion
Sailun Jinyu Group Co Ltd SHG:601058	$6.70 Billion
Nuvalent Inc NASDAQ:NUVL	$6.66 Billion
Noble Corporation plc NYSE:NE	$6.66 Billion
Beijer Ref AB (publ) ST:BEIJ-B	$6.66 Billion
Federal Signal Corporation NYSE:FSS	$6.65 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 9,018,779,388 to 8,733,639,307, a change of -285,140,081 (-3.2%).
Net income of 207,196,453 contributed positively to equity growth.
Dividend payments of 211,720,949 reduced retained earnings.
Other comprehensive income decreased equity by 1,467,036,859.
Other factors increased equity by 1,186,421,274.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥207.20 Million	+2.37%
Dividends Paid	CN¥211.72 Million	-2.42%
Other Comprehensive Income	CN¥-1.47 Billion	-16.8%
Other Changes	CN¥1.19 Billion	+13.58%
Total Change	CN¥-	-3.16%

Book Value vs Market Value Analysis

This analysis compares Shenghe Resources Holding 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: 5.15x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 230.16x to 5.15x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	CN¥0.11	CN¥26.03	x
2001-12-31	CN¥0.15	CN¥26.03	x
2002-12-31	CN¥0.14	CN¥26.03	x
2003-12-31	CN¥0.59	CN¥26.03	x
2004-12-31	CN¥0.63	CN¥26.03	x
2005-12-31	CN¥0.70	CN¥26.03	x
2006-12-31	CN¥1.21	CN¥26.03	x
2007-12-31	CN¥0.91	CN¥26.03	x
2008-12-31	CN¥0.96	CN¥26.03	x
2009-12-31	CN¥1.01	CN¥26.03	x
2010-12-31	CN¥0.79	CN¥26.03	x
2011-12-31	CN¥0.43	CN¥26.03	x
2012-12-31	CN¥1.27	CN¥26.03	x
2013-12-31	CN¥0.86	CN¥26.03	x
2014-12-31	CN¥1.03	CN¥26.03	x
2015-12-31	CN¥0.99	CN¥26.03	x
2016-12-31	CN¥0.97	CN¥26.03	x
2017-12-31	CN¥3.20	CN¥26.03	x
2018-12-31	CN¥2.96	CN¥26.03	x
2019-12-31	CN¥3.01	CN¥26.03	x
2020-12-31	CN¥4.32	CN¥26.03	x
2021-12-31	CN¥5.34	CN¥26.03	x
2022-12-31	CN¥5.27	CN¥26.03	x
2023-12-31	CN¥5.15	CN¥26.03	x
2024-12-31	CN¥5.06	CN¥26.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenghe Resources Holding 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): 2.37%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.82%
• Asset Turnover: 0.73x
• Equity Multiplier: 1.78x
Recent ROE (2.37%) is below the historical average (6.13%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	26.23%	7.82%	1.92x	1.74x	CN¥6.44 Million
2001	34.88%	8.20%	2.35x	1.81x	CN¥13.10 Million
2002	33.71%	8.36%	1.95x	2.06x	CN¥18.83 Million
2003	8.30%	7.47%	0.64x	1.74x	CN¥-5.54 Million
2004	10.29%	5.84%	0.86x	2.05x	CN¥1.00 Million
2005	10.32%	6.95%	0.68x	2.19x	CN¥1.25 Million
2006	9.45%	8.19%	0.49x	2.34x	CN¥-2.33 Million
2007	8.37%	7.56%	0.52x	2.11x	CN¥-7.53 Million
2008	5.37%	4.84%	0.47x	2.37x	CN¥-22.61 Million
2009	1.22%	1.29%	0.37x	2.57x	CN¥-43.42 Million
2010	-21.70%	-24.09%	0.33x	2.72x	CN¥-128.83 Million
2011	-71.62%	-39.51%	0.44x	4.12x	CN¥-179.91 Million
2012	16.98%	20.61%	0.64x	1.28x	CN¥63.55 Million
2013	13.92%	10.76%	1.07x	1.21x	CN¥41.66 Million
2014	15.32%	12.70%	0.82x	1.47x	CN¥66.80 Million
2015	1.60%	1.76%	0.48x	1.90x	CN¥-101.42 Million
2016	-2.75%	-2.40%	0.54x	2.11x	CN¥-152.14 Million
2017	6.75%	6.47%	0.62x	1.68x	CN¥-161.75 Million
2018	5.52%	4.60%	0.71x	1.69x	CN¥-232.83 Million
2019	1.92%	1.46%	0.74x	1.79x	CN¥-426.28 Million
2020	4.27%	3.96%	0.67x	1.60x	CN¥-433.42 Million
2021	11.49%	10.14%	0.70x	1.62x	CN¥139.86 Million
2022	17.23%	9.51%	1.08x	1.68x	CN¥668.89 Million
2023	3.69%	1.86%	1.17x	1.70x	CN¥-569.14 Million
2024	2.37%	1.82%	0.73x	1.78x	CN¥-666.17 Million

Industry Comparison

This section compares Shenghe Resources Holding Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

Industry: Other Industrial Metals & Mining
Average net assets among peers: $1,959,266,320
Average return on equity (ROE) among peers: -2.79%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenghe Resources Holding Co Ltd (600392)	CN¥14.94 Billion	26.23%	0.48x	$6.68 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060)	$3.76 Billion	32.01%	1.11x	$4.18 Billion
Inner Mongolia Xingye Mining Co Ltd (000426)	$5.38 Billion	10.51%	0.74x	$11.01 Billion
Shengda Mining Co Ltd (000603)	$137.02 Million	-70.66%	1.02x	$3.68 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629)	$4.41 Billion	10.92%	0.64x	$4.95 Billion
China Tungsten and Hightech Materials Co Ltd (000657)	$614.81 Million	-14.57%	0.74x	$19.40 Billion
Guocheng Mining Co Ltd (000688)	$511.55 Million	16.02%	1.88x	$8.93 Billion
Huludao Zinc Industry Co Ltd (000751)	$2.76 Billion	0.23%	1.29x	$1.44 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758)	$804.76 Million	-0.58%	0.69x	$2.04 Billion
Tibet Mineral Development Co Ltd (000762)	$451.19 Million	-13.05%	0.45x	$2.95 Billion
Innuovo Technology Co Ltd Class A (000795)	$768.04 Million	1.24%	0.33x	$1.53 Billion

About Shenghe Resources Holding Co Ltd

SHG:600392 China Other Industrial Metals & Mining

Market Cap

$6.68 Billion

CN¥45.63 Billion CNY

Market Cap Rank

#2968 Global

#398 in China

Share Price

CN¥26.03

Change (1 day)

-0.61%

52-Week Range

CN¥11.51 - CN¥33.57

All Time High

CN¥33.57