Shanxi Antai Group Co Ltd (600408) - Net Assets

Latest as of June 2026: CN¥1.19 Billion CNY ≈ $173.76 Million USD

Based on the latest financial reports, Shanxi Antai Group Co Ltd (600408) has net assets worth CN¥1.19 Billion CNY (≈ $173.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.26 Billion ≈ $623.38 Million USD) and total liabilities (CN¥3.07 Billion ≈ $449.62 Million 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 strategic asset allocation of Shanxi Antai Group Co Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.19 Billion
% of Total Assets	27.87%
Annual Growth Rate	8.48%
5-Year Change	-55.21%
10-Year Change	26.02%
Growth Volatility	44.0

Shanxi Antai Group Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how Shanxi Antai Group Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Shanxi Antai Group Co Ltd.

Annual Net Assets for Shanxi Antai Group Co Ltd (1999–2025)

The table below shows the annual net assets of Shanxi Antai Group Co Ltd from 1999 to 2025. Also explore net asset growth rate of Shanxi Antai Group Co Ltd to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥1.26 Billion ≈ $184.59 Million	-19.76%
2024-12-31	CN¥1.57 Billion ≈ $230.05 Million	-14.89%
2023-12-31	CN¥1.85 Billion ≈ $270.29 Million	-26.89%
2022-12-31	CN¥2.53 Billion ≈ $369.70 Million	-10.29%
2021-12-31	CN¥2.82 Billion ≈ $412.11 Million	+10.59%
2020-12-31	CN¥2.55 Billion ≈ $372.63 Million	+30.54%
2019-12-31	CN¥1.95 Billion ≈ $285.46 Million	+30.52%
2018-12-31	CN¥1.49 Billion ≈ $218.72 Million	+104.74%
2017-12-31	CN¥730.03 Million ≈ $106.83 Million	-27.07%
2016-12-31	CN¥1.00 Billion ≈ $146.48 Million	-37.50%
2015-12-31	CN¥1.60 Billion ≈ $234.36 Million	-19.35%
2014-12-31	CN¥1.99 Billion ≈ $290.61 Million	-30.04%
2013-12-31	CN¥2.84 Billion ≈ $415.37 Million	-11.32%
2012-12-31	CN¥3.20 Billion ≈ $468.39 Million	+0.82%
2011-12-31	CN¥3.17 Billion ≈ $464.57 Million	+8.14%
2010-12-31	CN¥2.94 Billion ≈ $429.61 Million	-0.41%
2009-12-31	CN¥2.95 Billion ≈ $431.39 Million	+21.26%
2008-12-31	CN¥2.43 Billion ≈ $355.76 Million	-8.11%
2007-12-31	CN¥2.65 Billion ≈ $387.16 Million	+109.11%
2006-12-31	CN¥1.27 Billion ≈ $185.15 Million	+11.26%
2005-12-31	CN¥1.14 Billion ≈ $166.42 Million	+13.14%
2004-12-31	CN¥1.01 Billion ≈ $147.09 Million	+45.28%
2003-12-31	CN¥691.87 Million ≈ $101.24 Million	+148.00%
2002-12-31	CN¥278.98 Million ≈ $40.82 Million	+20.76%
2001-12-31	CN¥231.02 Million ≈ $33.80 Million	+15.03%
2000-12-31	CN¥200.83 Million ≈ $29.39 Million	+32.14%
1999-12-31	CN¥151.98 Million ≈ $22.24 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 3743.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.84 Billion	235.39%
Total Equity	CN¥1.21 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
Infomedia Ltd AU:IFM	$453.85 Million
Runa Smart Equipment Co. Ltd. SHE:301129	$453.90 Million
Future Generation Global Ltd AU:FGG	$453.95 Million
Well Lead Med Co Ltd SHG:603309	$454.01 Million
DONGGUAN R.COMMERC. H YC1 F:857	$453.68 Million
Stenhus Fastigheter I Norden AB ST:SFAST	$453.66 Million
Hearts and Minds Investments Ltd AU:HM1	$453.65 Million
TSH Resources Bhd KLSE:9059	$453.63 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 2024 to 2025, total equity changed from 1,513,398,340 to 1,207,749,513, a change of -305,648,827 (-20.2%).
Net loss of 299,724,631 reduced equity.
Dividend payments of 43,201,119 reduced retained earnings.
Other comprehensive income decreased equity by 170,815,530.
Other factors increased equity by 208,092,453.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-299.72 Million	-24.82%
Dividends Paid	CN¥43.20 Million	-3.58%
Other Comprehensive Income	CN¥-170.82 Million	-14.14%
Other Changes	CN¥208.09 Million	+17.23%
Total Change	CN¥-	-20.20%

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: 2.57x
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 14.48x to 2.57x 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¥3.08	x
2000-12-31	CN¥0.27	CN¥3.08	x
2001-12-31	CN¥0.33	CN¥3.08	x
2002-12-31	CN¥0.39	CN¥3.08	x
2003-12-31	CN¥0.99	CN¥3.08	x
2004-12-31	CN¥1.28	CN¥3.08	x
2005-12-31	CN¥1.41	CN¥3.08	x
2006-12-31	CN¥1.56	CN¥3.08	x
2007-12-31	CN¥5.77	CN¥3.08	x
2008-12-31	CN¥1.84	CN¥3.08	x
2009-12-31	CN¥3.08	CN¥3.08	x
2010-12-31	CN¥2.80	CN¥3.08	x
2011-12-31	CN¥2.37	CN¥3.08	x
2012-12-31	CN¥2.41	CN¥3.08	x
2013-12-31	CN¥2.15	CN¥3.08	x
2014-12-31	CN¥1.50	CN¥3.08	x
2015-12-31	CN¥1.63	CN¥3.08	x
2016-12-31	CN¥0.96	CN¥3.08	x
2017-12-31	CN¥0.68	CN¥3.08	x
2018-12-31	CN¥1.48	CN¥3.08	x
2019-12-31	CN¥1.92	CN¥3.08	x
2020-12-31	CN¥2.53	CN¥3.08	x
2021-12-31	CN¥2.79	CN¥3.08	x
2022-12-31	CN¥2.50	CN¥3.08	x
2023-12-31	CN¥1.83	CN¥3.08	x
2024-12-31	CN¥1.50	CN¥3.08	x
2025-12-31	CN¥1.20	CN¥3.08	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): -24.82%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -6.01%
• Asset Turnover: 1.20x
• Equity Multiplier: 3.43x
Recent ROE (-24.82%) is below the historical average (-1.20%), 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	-11.79%	-2.34%	2.44x	2.07x	CN¥-549.01 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
2025	-24.82%	-6.01%	1.20x	3.43x	CN¥-420.50 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: $5,033,797,317
Average return on equity (ROE) among peers: 10.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanxi Antai Group Co Ltd (600408)	CN¥1.19 Billion	19.04%	2.59x	$453.77 Million
Shandong Jinling Mining Co Ltd (000655)	$3.19 Billion	6.55%	0.15x	$618.53 Million
Shanxi Meijin Energy Co Ltd (000723)	$14.26 Billion	17.82%	1.06x	$2.35 Billion
Anyuan Coal Industry Group Co Ltd (600397)	$134.69 Million	26.02%	1.64x	$2.49 Billion
ShanXi Coking Co Ltd (600740)	$2.10 Billion	4.44%	0.94x	$1.44 Billion
Fujian Oriental Silver Star Investment Co Ltd (600753)	$142.58 Million	1.84%	0.45x	$401.04 Million
Yunnan Coal & Energy Co Ltd (600792)	$84.22 Million	17.40%	11.95x	$787.72 Million
Kailuan Energy Chemical Co Ltd (600997)	$13.48 Billion	8.53%	0.82x	$1.21 Billion
Baotailong New Materials Co Ltd (601011)	$6.87 Billion	0.46%	0.61x	$821.34 Million

About Shanxi Antai Group Co Ltd

SHG:600408 China Coking Coal

Market Cap

$453.77 Million

CN¥3.10 Billion CNY

Market Cap Rank

#12815 Global

#3772 in China

Share Price

CN¥3.08

Change (1 day)

+0.98%

52-Week Range

CN¥2.17 - CN¥6.89

All Time High

CN¥6.89