Fushun Special Steel Co Ltd

SHG:600399 China Steel
Market Cap
$1.83 Billion
CN¥13.41 Billion CNY
Market Cap Rank
#6438 Global
#982 in China
Share Price
CN¥6.80
Change (1 day)
-1.31%
52-Week Range
CN¥4.98 - CN¥7.84
All Time High
CN¥27.47
Categories
Companies in China Steel
About

Fushun Special Steel Co.,LTD., together with its subsidiaries, manufactures and sells steel products in China and internationally. The company offers alloy structural steel, tool and die steel, stainless steel, and high-temperature alloys; and bearing steel, titanium alloy, high strength steel, and superalloy products. It also provides dining and accommodation; and property services. Its products… Read more

Fushun Special Steel Co Ltd (600399) - Net Assets

Latest net assets as of September 2025: CN¥5.76 Billion CNY

Based on the latest financial reports, Fushun Special Steel Co Ltd (600399) has net assets worth CN¥5.76 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¥12.73 Billion) and total liabilities (CN¥6.96 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¥5.76 Billion
% of Total Assets 45.3%
Annual Growth Rate 9.74%
5-Year Change 26.23%
10-Year Change 2013.32%
Growth Volatility 125.87

Fushun Special Steel Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Fushun Special Steel 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 Fushun Special Steel Co Ltd (1997–2024)

The table below shows the annual net assets of Fushun Special Steel Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥6.35 Billion -1.06%
2023-12-31 CN¥6.42 Billion +6.00%
2022-12-31 CN¥6.05 Billion +3.33%
2021-12-31 CN¥5.86 Billion +16.47%
2020-12-31 CN¥5.03 Billion +12.39%
2019-12-31 CN¥4.48 Billion +7.34%
2018-12-31 CN¥4.17 Billion +470.09%
2017-12-31 CN¥-1.13 Billion -634.32%
2016-12-31 CN¥210.87 Million -29.82%
2015-12-31 CN¥300.47 Million +9.40%
2014-12-31 CN¥274.65 Million -83.96%
2013-12-31 CN¥1.71 Billion +0.75%
2012-12-31 CN¥1.70 Billion +0.60%
2011-12-31 CN¥1.69 Billion +1.54%
2010-12-31 CN¥1.66 Billion +1.91%
2009-12-31 CN¥1.63 Billion +1.66%
2008-12-31 CN¥1.61 Billion +2.21%
2007-12-31 CN¥1.57 Billion +4.46%
2006-12-31 CN¥1.50 Billion +0.83%
2005-12-31 CN¥1.49 Billion +1.40%
2004-12-31 CN¥1.47 Billion +0.78%
2003-12-31 CN¥1.46 Billion +0.79%
2002-12-31 CN¥1.45 Billion +3.00%
2001-12-31 CN¥1.41 Billion +1.93%
2000-12-31 CN¥1.38 Billion +107.70%
1999-12-31 CN¥664.05 Million +20.36%
1998-12-31 CN¥551.74 Million +6.93%
1997-12-31 CN¥515.98 Million --

Equity Component Analysis

This analysis shows how different components contribute to Fushun Special Steel 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 197931418947.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.96 Billion 30.79%
Common Stock CN¥1.97 Billion 31.06%
Other Comprehensive Income CN¥314.96 Million 4.96%
Other Components CN¥2.11 Billion 33.19%
Total Equity CN¥6.35 Billion 100.00%

Fushun Special Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Fushun Special Steel Co Ltd ranked by their market capitalization.

Company Market Cap
Star Health and Allied Insurance Company Limited
NSE:STARHEALTH
 		$1.25 Billion
Dongfeng Group
PINK:DNFGF
 		$1.25 Billion
Pebblebrook Hotel Trust
NYSE:PEB
 		$1.25 Billion
Lithium Americas Corp
NYSE:LAC
 		$1.25 Billion
Allegiant Travel Company
NASDAQ:ALGT
 		$1.25 Billion
Euronav NV
LSE:0K9A
 		$1.25 Billion
Ziff Davis Inc
NASDAQ:ZD
 		$1.25 Billion
Guangxi Guitang Group Co Ltd
SHE:000833
 		$1.25 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 6,417,924,859 to 6,349,882,185, a change of -68,042,674 (-1.1%).
  • Net income of 111,683,239 contributed positively to equity growth.
  • Dividend payments of 198,874,641 reduced retained earnings.
  • Share repurchases of 70,017,308 reduced equity.
  • Other comprehensive income increased equity by 314,958,319.
  • Other factors decreased equity by 225,792,283.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥111.68 Million +1.76%
Dividends Paid CN¥198.87 Million -3.13%
Share Repurchases CN¥70.02 Million -1.1%
Other Comprehensive Income CN¥314.96 Million +4.96%
Other Changes CN¥-225.79 Million -3.56%
Total Change CN¥- -1.06%

Book Value vs Market Value Analysis

This analysis compares Fushun Special Steel 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: 1.99x
  • 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 17.15x to 1.99x 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¥0.40 CN¥6.80 x
1998-12-31 CN¥0.42 CN¥6.80 x
1999-12-31 CN¥0.51 CN¥6.80 x
2000-12-31 CN¥1.06 CN¥6.80 x
2001-12-31 CN¥1.08 CN¥6.80 x
2002-12-31 CN¥1.11 CN¥6.80 x
2003-12-31 CN¥1.12 CN¥6.80 x
2004-12-31 CN¥1.13 CN¥6.80 x
2005-12-31 CN¥1.14 CN¥6.80 x
2006-12-31 CN¥1.16 CN¥6.80 x
2007-12-31 CN¥1.21 CN¥6.80 x
2008-12-31 CN¥1.23 CN¥6.80 x
2009-12-31 CN¥1.26 CN¥6.80 x
2010-12-31 CN¥1.28 CN¥6.80 x
2011-12-31 CN¥1.30 CN¥6.80 x
2012-12-31 CN¥1.31 CN¥6.80 x
2013-12-31 CN¥1.18 CN¥6.80 x
2014-12-31 CN¥0.33 CN¥6.80 x
2015-12-31 CN¥0.23 CN¥6.80 x
2016-12-31 CN¥0.14 CN¥6.80 x
2017-12-31 CN¥-0.87 CN¥6.80 x
2018-12-31 CN¥3.21 CN¥6.80 x
2019-12-31 CN¥2.27 CN¥6.80 x
2020-12-31 CN¥2.55 CN¥6.80 x
2021-12-31 CN¥2.97 CN¥6.80 x
2022-12-31 CN¥3.07 CN¥6.80 x
2023-12-31 CN¥3.19 CN¥6.80 x
2024-12-31 CN¥3.41 CN¥6.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fushun Special Steel 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): 1.76%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.32%
  • • Asset Turnover: 0.65x
  • • Equity Multiplier: 2.07x
  • Recent ROE (1.76%) is below the historical average (8.74%), 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 21.23% 8.55% 0.86x 2.88x CN¥57.92 Million
1998 12.13% 4.17% 0.88x 3.32x CN¥11.76 Million
1999 14.90% 6.22% 0.78x 3.09x CN¥32.54 Million
2000 5.67% 4.82% 0.59x 2.00x CN¥-59.69 Million
2001 7.15% 6.85% 0.49x 2.14x CN¥-40.11 Million
2002 2.61% 2.18% 0.41x 2.92x CN¥-107.01 Million
2003 1.08% 0.60% 0.58x 3.12x CN¥-130.13 Million
2004 0.77% 0.28% 0.81x 3.43x CN¥-135.69 Million
2005 0.83% 0.27% 0.97x 3.18x CN¥-136.54 Million
2006 1.04% 0.37% 0.92x 3.04x CN¥-134.77 Million
2007 1.51% 0.49% 1.02x 3.02x CN¥-133.37 Million
2008 2.16% 0.65% 1.13x 2.95x CN¥-125.81 Million
2009 1.63% 0.64% 0.77x 3.32x CN¥-136.62 Million
2010 1.87% 0.59% 0.82x 3.85x CN¥-135.20 Million
2011 1.52% 0.47% 0.69x 4.65x CN¥-143.28 Million
2012 1.21% 0.42% 0.49x 5.93x CN¥-149.43 Million
2013 1.35% 0.42% 0.47x 6.72x CN¥-148.01 Million
2014 17.10% 0.86% 0.54x 37.06x CN¥19.49 Million
2015 65.48% 4.32% 0.40x 37.86x CN¥166.69 Million
2016 -20.91% -0.94% 0.44x 50.15x CN¥-65.19 Million
2017 0.00% -26.84% 0.52x 0.00x CN¥-1.22 Billion
2018 62.53% 44.59% 0.74x 1.90x CN¥2.19 Billion
2019 6.75% 5.26% 0.67x 1.91x CN¥-145.55 Million
2020 10.97% 8.79% 0.68x 1.83x CN¥48.58 Million
2021 13.37% 10.57% 0.73x 1.74x CN¥197.49 Million
2022 3.25% 2.51% 0.66x 1.95x CN¥-408.97 Million
2023 5.65% 4.23% 0.69x 1.93x CN¥-279.45 Million
2024 1.76% 1.32% 0.65x 2.07x CN¥-523.30 Million

Industry Comparison

This section compares Fushun Special Steel Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $13,874,696,979
  • Average return on equity (ROE) among peers: 20.52%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Fushun Special Steel Co Ltd (600399) CN¥5.76 Billion 21.23% 1.21x $1.25 Billion
CITIC Pacific Special Steel Group Co Ltd (000708) $4.40 Billion 81.30% 0.74x $1.84 Billion
HBIS Co Ltd (000709) $7.63 Billion 11.59% 1.03x $1.27 Billion
Sgis Songshan Co Ltd (000717) $8.00 Billion 22.80% 1.15x $443.11 Million
Bengang Steel Plates Co Ltd (000761) $20.01 Billion 2.78% 2.03x $452.44 Million
Xinxing Ductile Iron Pipes Co Ltd (000778) $2.18 Billion 17.60% 0.97x $1.51 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $27.34 Billion 16.91% 1.72x $1.33 Billion
Jiangsu Fasten Co Ltd (000890) $1.18 Billion 1.14% 1.80x $283.59 Million
Angang Steel Co Ltd Class A (000898) $60.19 Billion 11.57% 0.62x $1.19 Billion
Hunan Valin Steel Co Ltd (000932) $1.39 Billion 22.60% 1.61x $1.17 Billion
Beijing Shougang Co Ltd (000959) $6.43 Billion 16.93% 1.18x $911.24 Million