Fushun Special Steel Co Ltd (600399) - Net Assets

Latest as of September 2025: CN¥5.76 Billion CNY ≈ $843.48 Million USD

Based on the latest financial reports, Fushun Special Steel Co Ltd (600399) has net assets worth CN¥5.76 Billion CNY (≈ $843.48 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¥12.73 Billion ≈ $1.86 Billion USD) and total liabilities (CN¥6.96 Billion ≈ $1.02 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 600399 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Fushun Special Steel Co Ltd's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600399 market cap.

Year	Net Assets	Change
2024-12-31	CN¥6.35 Billion ≈ $929.19 Million	-1.06%
2023-12-31	CN¥6.42 Billion ≈ $939.14 Million	+6.00%
2022-12-31	CN¥6.05 Billion ≈ $885.95 Million	+3.33%
2021-12-31	CN¥5.86 Billion ≈ $857.35 Million	+16.47%
2020-12-31	CN¥5.03 Billion ≈ $736.10 Million	+12.39%
2019-12-31	CN¥4.48 Billion ≈ $654.95 Million	+7.34%
2018-12-31	CN¥4.17 Billion ≈ $610.18 Million	+470.09%
2017-12-31	CN¥-1.13 Billion ≈ $-164.87 Million	-634.32%
2016-12-31	CN¥210.87 Million ≈ $30.86 Million	-29.82%
2015-12-31	CN¥300.47 Million ≈ $43.97 Million	+9.40%
2014-12-31	CN¥274.65 Million ≈ $40.19 Million	-83.96%
2013-12-31	CN¥1.71 Billion ≈ $250.52 Million	+0.75%
2012-12-31	CN¥1.70 Billion ≈ $248.65 Million	+0.60%
2011-12-31	CN¥1.69 Billion ≈ $247.17 Million	+1.54%
2010-12-31	CN¥1.66 Billion ≈ $243.42 Million	+1.91%
2009-12-31	CN¥1.63 Billion ≈ $238.86 Million	+1.66%
2008-12-31	CN¥1.61 Billion ≈ $234.97 Million	+2.21%
2007-12-31	CN¥1.57 Billion ≈ $229.88 Million	+4.46%
2006-12-31	CN¥1.50 Billion ≈ $220.06 Million	+0.83%
2005-12-31	CN¥1.49 Billion ≈ $218.24 Million	+1.40%
2004-12-31	CN¥1.47 Billion ≈ $215.24 Million	+0.78%
2003-12-31	CN¥1.46 Billion ≈ $213.57 Million	+0.79%
2002-12-31	CN¥1.45 Billion ≈ $211.90 Million	+3.00%
2001-12-31	CN¥1.41 Billion ≈ $205.72 Million	+1.93%
2000-12-31	CN¥1.38 Billion ≈ $201.83 Million	+107.70%
1999-12-31	CN¥664.05 Million ≈ $97.17 Million	+20.36%
1998-12-31	CN¥551.74 Million ≈ $80.74 Million	+6.93%
1997-12-31	CN¥515.98 Million ≈ $75.50 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
Choice International Limited NSE:CHOICEIN	$1.66 Billion
Zhejiang Jiecang Linear Motion Technology Co Ltd SHG:603583	$1.66 Billion
SEAZEN GROUP LTD. HD-001 F:6FLA	$1.66 Billion
Innoviva Inc NASDAQ:INVA	$1.66 Billion
HAMB.H.U.L. UNSP.ADR/1/2 F:HHFB	$1.66 Billion
Gansu Jiu Steel Group Hongxing Iron & Steel Co Ltd SHG:600307	$1.66 Billion
Taihan Fiber Optics Co. Ltd KQ:010170	$1.66 Billion
Playa Hotels & Resorts BV NASDAQ:PLYA	$1.66 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: 1.69x
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 14.50x to 1.69x 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¥5.75	x
1998-12-31	CN¥0.42	CN¥5.75	x
1999-12-31	CN¥0.51	CN¥5.75	x
2000-12-31	CN¥1.06	CN¥5.75	x
2001-12-31	CN¥1.08	CN¥5.75	x
2002-12-31	CN¥1.11	CN¥5.75	x
2003-12-31	CN¥1.12	CN¥5.75	x
2004-12-31	CN¥1.13	CN¥5.75	x
2005-12-31	CN¥1.14	CN¥5.75	x
2006-12-31	CN¥1.16	CN¥5.75	x
2007-12-31	CN¥1.21	CN¥5.75	x
2008-12-31	CN¥1.23	CN¥5.75	x
2009-12-31	CN¥1.26	CN¥5.75	x
2010-12-31	CN¥1.28	CN¥5.75	x
2011-12-31	CN¥1.30	CN¥5.75	x
2012-12-31	CN¥1.31	CN¥5.75	x
2013-12-31	CN¥1.18	CN¥5.75	x
2014-12-31	CN¥0.33	CN¥5.75	x
2015-12-31	CN¥0.23	CN¥5.75	x
2016-12-31	CN¥0.14	CN¥5.75	x
2017-12-31	CN¥-0.87	CN¥5.75	x
2018-12-31	CN¥3.21	CN¥5.75	x
2019-12-31	CN¥2.27	CN¥5.75	x
2020-12-31	CN¥2.55	CN¥5.75	x
2021-12-31	CN¥2.97	CN¥5.75	x
2022-12-31	CN¥3.07	CN¥5.75	x
2023-12-31	CN¥3.19	CN¥5.75	x
2024-12-31	CN¥3.41	CN¥5.75	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: $21,033,016,152
Average return on equity (ROE) among peers: 14.45%

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	$1.66 Billion
CITIC Pacific Special Steel Group Co Ltd (000708)	$25.28 Billion	21.31%	1.87x	$11.51 Billion
HBIS Co Ltd (000709)	$46.63 Billion	3.34%	2.99x	$3.60 Billion
Sgis Songshan Co Ltd (000717)	$2.97 Billion	84.66%	3.85x	$883.17 Million
Bengang Steel Plates Co Ltd (000761)	$15.05 Billion	6.15%	1.38x	$1.58 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$28.18 Billion	0.59%	0.89x	$2.60 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$21.29 Billion	5.80%	2.06x	$3.63 Billion
Jiangsu Fasten Co Ltd (000890)	$223.45 Million	31.03%	7.78x	$867.39 Million
Angang Steel Co Ltd Class A (000898)	$48.20 Billion	1.93%	0.89x	$2.69 Billion
Hunan Valin Steel Co Ltd (000932)	$14.49 Billion	-18.24%	4.16x	$4.74 Billion
Beijing Shougang Co Ltd (000959)	$8.03 Billion	7.94%	1.27x	$5.15 Billion

About Fushun Special Steel Co Ltd

SHG:600399 China Steel

Market Cap

$1.66 Billion

CN¥11.34 Billion CNY

Market Cap Rank

#7037 Global

#1675 in China

Share Price

CN¥5.75

Change (1 day)

+2.86%

52-Week Range

CN¥4.98 - CN¥7.84

All Time High

CN¥27.47