Shanxi Antai Group Co Ltd

SHG:600408 China Coking Coal
Market Cap
$566.71 Million
CN¥4.16 Billion CNY
Market Cap Rank
#11537 Global
#2723 in China
Share Price
CN¥4.13
Change (1 day)
+10.13%
52-Week Range
CN¥1.60 - CN¥6.89
All Time High
CN¥6.89
Categories
Companies in China Coking Coal
About

Shanxi Antai Group Co.,Ltd engages in the production and sale of coke and steel products in China. It offers h-beams; and coke products. The company is also involved in the section steel business, as well as manufactures and sale coal washing, coke, pig iron, cement, and electrical products. It also exports its products to the United States, Europe, Japan, and Korea. The company was incorporated … Read more

Shanxi Antai Group Co Ltd (600408) - Net Assets

Latest net assets as of September 2025: CN¥1.41 Billion CNY

Based on the latest financial reports, Shanxi Antai Group Co Ltd (600408) has net assets worth CN¥1.41 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¥4.36 Billion) and total liabilities (CN¥2.94 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¥1.41 Billion
% of Total Assets 32.46%
Annual Growth Rate 9.8%
5-Year Change -38.26%
10-Year Change -1.84%
Growth Volatility 44.3

Shanxi Antai Group Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Shanxi Antai Group 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 Shanxi Antai Group Co Ltd (1999–2024)

The table below shows the annual net assets of Shanxi Antai Group Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.57 Billion -14.89%
2023-12-31 CN¥1.85 Billion -26.89%
2022-12-31 CN¥2.53 Billion -10.29%
2021-12-31 CN¥2.82 Billion +10.59%
2020-12-31 CN¥2.55 Billion +30.54%
2019-12-31 CN¥1.95 Billion +30.52%
2018-12-31 CN¥1.49 Billion +104.74%
2017-12-31 CN¥730.03 Million -27.07%
2016-12-31 CN¥1.00 Billion -37.50%
2015-12-31 CN¥1.60 Billion -19.35%
2014-12-31 CN¥1.99 Billion -30.04%
2013-12-31 CN¥2.84 Billion -11.32%
2012-12-31 CN¥3.20 Billion +0.82%
2011-12-31 CN¥3.17 Billion +8.14%
2010-12-31 CN¥2.94 Billion -0.41%
2009-12-31 CN¥2.95 Billion +21.26%
2008-12-31 CN¥2.43 Billion -8.11%
2007-12-31 CN¥2.65 Billion +109.11%
2006-12-31 CN¥1.27 Billion +11.26%
2005-12-31 CN¥1.14 Billion +13.14%
2004-12-31 CN¥1.01 Billion +45.28%
2003-12-31 CN¥691.87 Million +148.00%
2002-12-31 CN¥278.98 Million +20.76%
2001-12-31 CN¥231.02 Million +15.03%
2000-12-31 CN¥200.83 Million +32.14%
1999-12-31 CN¥151.98 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanxi Antai Group 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 decreased by 3075.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.01 Billion 66.53%
Other Comprehensive Income CN¥170.82 Million 11.29%
Other Components CN¥1.67 Billion 110.43%
Total Equity CN¥1.51 Billion 100.00%

Shanxi Antai Group Co Ltd Competitors by Market Cap

The table below lists competitors of Shanxi Antai Group Co Ltd ranked by their market capitalization.

Company Market Cap
Qifeng New Material Co Ltd
SHE:002521
 		$387.93 Million
Tata Teleservices (Maharashtra) Limited
NSE:TTML
 		$388.02 Million
Xiamen XGMA Machinery Co Ltd
SHG:600815
 		$388.04 Million
Guangdong Fangyuan Environment Co. Ltd. A
SHG:688148
 		$388.10 Million
Mnc Land Tbk
JK:KPIG
 		$387.57 Million
Sri Trang Agro-Industry Public Company Limited
BK:STA
 		$387.54 Million
Ruitai Materials Technology Co Ltd
SHE:002066
 		$387.51 Million
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
 		$387.50 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,840,255,977 to 1,513,398,340, a change of -326,857,637 (-17.8%).
  • Net loss of 334,961,421 reduced equity.
  • Dividend payments of 42,178,807 reduced retained earnings.
  • Other comprehensive income increased equity by 8,479,375.
  • Other factors increased equity by 41,803,216.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-334.96 Million -22.13%
Dividends Paid CN¥42.18 Million -2.79%
Other Comprehensive Income CN¥8.48 Million +0.56%
Other Changes CN¥41.80 Million +2.76%
Total Change CN¥- -17.76%

Book Value vs Market Value Analysis

This analysis compares Shanxi Antai Group 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: 2.77x
  • 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 19.41x to 2.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥0.21 CN¥4.13 x
2000-12-31 CN¥0.27 CN¥4.13 x
2001-12-31 CN¥0.33 CN¥4.13 x
2002-12-31 CN¥0.39 CN¥4.13 x
2003-12-31 CN¥0.99 CN¥4.13 x
2004-12-31 CN¥1.28 CN¥4.13 x
2005-12-31 CN¥1.41 CN¥4.13 x
2006-12-31 CN¥1.56 CN¥4.13 x
2007-12-31 CN¥5.77 CN¥4.13 x
2008-12-31 CN¥1.84 CN¥4.13 x
2009-12-31 CN¥3.08 CN¥4.13 x
2010-12-31 CN¥2.80 CN¥4.13 x
2011-12-31 CN¥2.37 CN¥4.13 x
2012-12-31 CN¥2.36 CN¥4.13 x
2013-12-31 CN¥2.15 CN¥4.13 x
2014-12-31 CN¥1.50 CN¥4.13 x
2015-12-31 CN¥1.63 CN¥4.13 x
2016-12-31 CN¥0.96 CN¥4.13 x
2017-12-31 CN¥0.68 CN¥4.13 x
2018-12-31 CN¥1.47 CN¥4.13 x
2019-12-31 CN¥1.94 CN¥4.13 x
2020-12-31 CN¥2.53 CN¥4.13 x
2021-12-31 CN¥2.79 CN¥4.13 x
2022-12-31 CN¥2.50 CN¥4.13 x
2023-12-31 CN¥1.82 CN¥4.13 x
2024-12-31 CN¥1.49 CN¥4.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanxi Antai Group 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): -22.13%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.02%
  • • Asset Turnover: 1.45x
  • • Equity Multiplier: 3.04x
  • Recent ROE (-22.13%) is below the historical average (-0.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 19.04% 8.07% 0.44x 5.34x CN¥13.39 Million
2000 20.31% 6.32% 1.01x 3.17x CN¥19.42 Million
2001 17.96% 6.09% 0.93x 3.16x CN¥18.05 Million
2002 17.29% 6.93% 0.79x 3.17x CN¥19.99 Million
2003 10.41% 7.33% 0.51x 2.77x CN¥2.79 Million
2004 22.52% 11.00% 0.62x 3.31x CN¥111.40 Million
2005 14.55% 6.92% 0.58x 3.60x CN¥44.80 Million
2006 13.48% 5.43% 0.78x 3.20x CN¥38.15 Million
2007 9.36% 5.94% 0.79x 2.00x CN¥-15.46 Million
2008 0.54% 0.19% 1.21x 2.37x CN¥-210.84 Million
2009 -14.96% -11.08% 0.56x 2.41x CN¥-691.30 Million
2010 1.43% 0.80% 0.73x 2.45x CN¥-237.76 Million
2011 -16.00% -6.95% 0.75x 3.05x CN¥-622.19 Million
2012 1.27% 0.59% 0.71x 3.02x CN¥-211.54 Million
2013 -11.15% -5.42% 0.59x 3.47x CN¥-460.87 Million
2014 -45.33% -20.26% 0.43x 5.17x CN¥-830.40 Million
2015 2.45% 1.60% 0.36x 4.28x CN¥-116.73 Million
2016 -60.31% -17.19% 0.52x 6.71x CN¥-678.45 Million
2017 -41.26% -4.46% 1.16x 8.00x CN¥-350.26 Million
2018 54.95% 9.30% 1.69x 3.50x CN¥670.99 Million
2019 23.44% 4.78% 1.68x 2.92x CN¥261.96 Million
2020 13.09% 3.79% 1.58x 2.19x CN¥78.50 Million
2021 10.07% 2.18% 2.46x 1.87x CN¥2.06 Million
2022 -11.81% -2.34% 2.44x 2.07x CN¥-549.46 Million
2023 -36.83% -6.77% 2.01x 2.70x CN¥-861.74 Million
2024 -22.13% -5.02% 1.45x 3.04x CN¥-486.30 Million

Industry Comparison

This section compares Shanxi Antai Group Co Ltd's net assets metrics with peer companies in the Coking Coal industry.

Industry Context

  • Industry: Coking Coal
  • Average net assets among peers: $4,507,267,621
  • Average return on equity (ROE) among peers: 4.40%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanxi Antai Group Co Ltd (600408) CN¥1.41 Billion 19.04% 2.08x $387.82 Million
Shandong Jinling Mining Co Ltd (000655) $117.60 Million 11.16% 1.41x $312.23 Million
Shanxi Meijin Energy Co Ltd (000723) $16.21 Billion -7.05% 1.78x $1.88 Billion
Anyuan Coal Industry Group Co Ltd (600397) $220.36 Million 19.92% 1.15x $2.09 Billion
Fujian Oriental Silver Star Investment Co Ltd (600753) $320.89 Million 4.43% 0.25x $224.12 Million
Yunnan Coal & Energy Co Ltd (600792) $132.84 Million 4.93% 0.76x $242.15 Million
Kailuan Energy Chemical Co Ltd (600997) $8.13 Billion -5.13% 1.50x $456.73 Million
Baotailong New Materials Co Ltd (601011) $6.42 Billion 2.52% 0.60x $674.59 Million