Shanxi Antai Group Co Ltd (600408) - Net Assets
Based on the latest financial reports, Shanxi Antai Group Co Ltd (600408) has net assets worth CN¥1.41 Billion CNY (≈ $206.92 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¥4.36 Billion ≈ $637.56 Million USD) and total liabilities (CN¥2.94 Billion ≈ $430.64 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 financial resilience of Shanxi Antai Group Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Shanxi Antai Group Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Shanxi Antai Group Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 |
|---|---|
|
Shenzhen Ecobeauty Co Ltd
SHE:000010
|
$486.19 Million |
|
Ningbo David Medical Device Co Ltd
SHE:300314
|
$486.34 Million |
|
Polynovo Ltd
AU:PNV
|
$486.37 Million |
|
Global PMX Co Ltd
TW:4551
|
$486.44 Million |
|
Soho House & Co Inc.
NYSE:SHCO
|
$486.07 Million |
|
Daesang Corp
KO:001680
|
$486.05 Million |
|
Lyell Immunopharma Inc
NASDAQ:LYEL
|
$485.93 Million |
|
DONGGUAN R.COMMERC. H YC1
F:857
|
$485.89 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: 2.21x
- 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 15.51x to 2.21x 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¥3.30 | x |
| 2000-12-31 | CN¥0.27 | CN¥3.30 | x |
| 2001-12-31 | CN¥0.33 | CN¥3.30 | x |
| 2002-12-31 | CN¥0.39 | CN¥3.30 | x |
| 2003-12-31 | CN¥0.99 | CN¥3.30 | x |
| 2004-12-31 | CN¥1.28 | CN¥3.30 | x |
| 2005-12-31 | CN¥1.41 | CN¥3.30 | x |
| 2006-12-31 | CN¥1.56 | CN¥3.30 | x |
| 2007-12-31 | CN¥5.77 | CN¥3.30 | x |
| 2008-12-31 | CN¥1.84 | CN¥3.30 | x |
| 2009-12-31 | CN¥3.08 | CN¥3.30 | x |
| 2010-12-31 | CN¥2.80 | CN¥3.30 | x |
| 2011-12-31 | CN¥2.37 | CN¥3.30 | x |
| 2012-12-31 | CN¥2.36 | CN¥3.30 | x |
| 2013-12-31 | CN¥2.15 | CN¥3.30 | x |
| 2014-12-31 | CN¥1.50 | CN¥3.30 | x |
| 2015-12-31 | CN¥1.63 | CN¥3.30 | x |
| 2016-12-31 | CN¥0.96 | CN¥3.30 | x |
| 2017-12-31 | CN¥0.68 | CN¥3.30 | x |
| 2018-12-31 | CN¥1.47 | CN¥3.30 | x |
| 2019-12-31 | CN¥1.94 | CN¥3.30 | x |
| 2020-12-31 | CN¥2.53 | CN¥3.30 | x |
| 2021-12-31 | CN¥2.79 | CN¥3.30 | x |
| 2022-12-31 | CN¥2.50 | CN¥3.30 | x |
| 2023-12-31 | CN¥1.82 | CN¥3.30 | x |
| 2024-12-31 | CN¥1.49 | CN¥3.30 | 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: $2,483,188,581
- Average return on equity (ROE) among peers: 1.80%
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 | $486.18 Million |
| Shandong Jinling Mining Co Ltd (000655) | $3.40 Billion | 6.00% | 0.15x | $723.07 Million |
| Shanxi Meijin Energy Co Ltd (000723) | $414.91 Million | 16.74% | 1.56x | $2.87 Billion |
| Anyuan Coal Industry Group Co Ltd (600397) | $358.59 Million | -31.73% | 21.02x | $2.08 Billion |
| ShanXi Coking Co Ltd (600740) | $430.42 Million | 8.33% | 1.17x | $1.61 Billion |
| Fujian Oriental Silver Star Investment Co Ltd (600753) | $183.10 Million | 11.43% | 0.28x | $439.46 Million |
| Yunnan Coal & Energy Co Ltd (600792) | $-206.71 Million | 0.00% | 0.00x | $732.50 Million |
| Kailuan Energy Chemical Co Ltd (600997) | $8.86 Billion | 1.12% | 1.46x | $1.37 Billion |
| Baotailong New Materials Co Ltd (601011) | $6.42 Billion | 2.52% | 0.60x | $880.21 Million |
About Shanxi Antai Group Co Ltd
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