Fushun Special Steel Co Ltd (600399) - Net Assets
Based on the latest financial reports, Fushun Special Steel Co Ltd (600399) has net assets worth CN¥5.37 Billion CNY (≈ $785.43 Million 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¥12.83 Billion ≈ $1.88 Billion USD) and total liabilities (CN¥7.47 Billion ≈ $1.09 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 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.37 Billion |
| % of Total Assets | 41.82% |
| Annual Growth Rate | 8.83% |
| 5-Year Change | -5.92% |
| 10-Year Change | 2514.09% |
| Growth Volatility | 123.53 |
Fushun Special Steel Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Fushun Special Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Fushun Special Steel Co Ltd stock valuation.
Annual Net Assets for Fushun Special Steel Co Ltd (1997–2025)
The table below shows the annual net assets of Fushun Special Steel Co Ltd from 1997 to 2025. Also explore 600399 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.51 Billion ≈ $806.62 Million |
-13.19% |
| 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 113902722381.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.11 Billion | 20.23% |
| Other Components | CN¥4.40 Billion | 79.77% |
| Total Equity | CN¥5.51 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 |
|---|---|
|
Austal Ltd
AU:ASB
|
$1.29 Billion |
|
Aryzta AG
SW:ARYN
|
$1.29 Billion |
|
ROMANDE ENERGIE SA
SW:REHN
|
$1.29 Billion |
|
Omai Gold Mines Corp
V:OMG
|
$1.29 Billion |
|
Morgan Stanley Direct Lending Fund
NYSE:MSDL
|
$1.29 Billion |
|
ACV Auctions Inc.
NASDAQ:ACVA
|
$1.29 Billion |
|
Guizhou Broadcasting&TV Info
SHG:600996
|
$1.29 Billion |
|
AFFIN Holdings Bhd
KLSE:5185
|
$1.29 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 2024 to 2025, total equity changed from 6,349,882,185 to 5,512,276,435, a change of -837,605,750 (-13.2%).
- Net loss of 804,969,740 reduced equity.
- Dividend payments of 111,229,529 reduced retained earnings.
- Other comprehensive income decreased equity by 314,958,319.
- Other factors increased equity by 393,551,837.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-804.97 Million | -14.6% |
| Dividends Paid | CN¥111.23 Million | -2.02% |
| Other Comprehensive Income | CN¥-314.96 Million | -5.71% |
| Other Changes | CN¥393.55 Million | +7.14% |
| Total Change | CN¥- | -13.19% |
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: 1.60x
- 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 11.30x to 1.60x 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¥4.48 | x |
| 1998-12-31 | CN¥0.42 | CN¥4.48 | x |
| 1999-12-31 | CN¥0.51 | CN¥4.48 | x |
| 2000-12-31 | CN¥1.06 | CN¥4.48 | x |
| 2001-12-31 | CN¥1.08 | CN¥4.48 | x |
| 2002-12-31 | CN¥1.11 | CN¥4.48 | x |
| 2003-12-31 | CN¥1.12 | CN¥4.48 | x |
| 2004-12-31 | CN¥1.13 | CN¥4.48 | x |
| 2005-12-31 | CN¥1.14 | CN¥4.48 | x |
| 2006-12-31 | CN¥1.16 | CN¥4.48 | x |
| 2007-12-31 | CN¥1.21 | CN¥4.48 | x |
| 2008-12-31 | CN¥1.23 | CN¥4.48 | x |
| 2009-12-31 | CN¥1.26 | CN¥4.48 | x |
| 2010-12-31 | CN¥1.28 | CN¥4.48 | x |
| 2011-12-31 | CN¥1.30 | CN¥4.48 | x |
| 2012-12-31 | CN¥1.31 | CN¥4.48 | x |
| 2013-12-31 | CN¥1.18 | CN¥4.48 | x |
| 2014-12-31 | CN¥0.33 | CN¥4.48 | x |
| 2015-12-31 | CN¥0.23 | CN¥4.48 | x |
| 2016-12-31 | CN¥0.14 | CN¥4.48 | x |
| 2017-12-31 | CN¥-0.87 | CN¥4.48 | x |
| 2018-12-31 | CN¥3.21 | CN¥4.48 | x |
| 2019-12-31 | CN¥2.27 | CN¥4.48 | x |
| 2020-12-31 | CN¥2.55 | CN¥4.48 | x |
| 2021-12-31 | CN¥2.97 | CN¥4.48 | x |
| 2022-12-31 | CN¥3.07 | CN¥4.48 | x |
| 2023-12-31 | CN¥3.19 | CN¥4.48 | x |
| 2024-12-31 | CN¥3.41 | CN¥4.48 | x |
| 2025-12-31 | CN¥2.80 | CN¥4.48 | 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): -14.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.34%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 2.27x
- Recent ROE (-14.60%) is below the historical average (7.93%), 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 |
| 2025 | -14.60% | -10.34% | 0.62x | 2.27x | CN¥-1.36 Billion |
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: $20,772,626,995
- Average return on equity (ROE) among peers: 5.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fushun Special Steel Co Ltd (600399) | CN¥5.37 Billion | 21.23% | 1.39x | $1.29 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $45.47 Billion | 13.04% | 1.43x | $10.04 Billion |
| HBIS Co Ltd (000709) | $45.60 Billion | 1.26% | 2.92x | $3.18 Billion |
| Sgis Songshan Co Ltd (000717) | $1.92 Billion | 9.47% | 0.30x | $805.13 Million |
| Bengang Steel Plates Co Ltd (000761) | $13.26 Billion | 5.89% | 3.08x | $1.26 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $5.93 Billion | 9.91% | 0.95x | $2.15 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $13.89 Billion | 17.60% | 2.02x | $2.93 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.16 Billion | 1.67% | 1.30x | $522.40 Million |
| Angang Steel Co Ltd Class A (000898) | $30.12 Billion | 23.55% | 0.94x | $2.40 Billion |
| Hunan Valin Steel Co Ltd (000932) | $10.67 Billion | -27.72% | 6.17x | $3.65 Billion |
| Beijing Shougang Co Ltd (000959) | $39.70 Billion | 2.99% | 2.56x | $4.22 Billion |
About Fushun Special Steel Co Ltd
Fushun Special Steel Co.,LTD., together with its subsidiaries, manufactures and sells steel products in China and internationally. The company provides 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 produc… Read more