Shandong Hualu Hengsheng Chemical Co Ltd (600426) - Net Assets

Latest as of March 2026: CN¥36.62 Billion CNY ≈ $5.36 Billion USD

Based on the latest financial reports, Shandong Hualu Hengsheng Chemical Co Ltd (600426) has net assets worth CN¥36.62 Billion CNY (≈ $5.36 Billion 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¥51.54 Billion ≈ $7.54 Billion USD) and total liabilities (CN¥14.92 Billion ≈ $2.18 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 600426 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥36.62 Billion
% of Total Assets	71.04%
Annual Growth Rate	23.83%
5-Year Change	54.81%
10-Year Change	330.7%
Growth Volatility	44.21

Shandong Hualu Hengsheng Chemical Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Shandong Hualu Hengsheng Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shandong Hualu Hengsheng Chemical Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shandong Hualu Hengsheng Chemical Co Ltd (2000–2025)

The table below shows the annual net assets of Shandong Hualu Hengsheng Chemical Co Ltd from 2000 to 2025. For live valuation and market cap data, see market value of Shandong Hualu Hengsheng Chemical Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥35.15 Billion ≈ $5.14 Billion	+7.08%
2024-12-31	CN¥32.83 Billion ≈ $4.80 Billion	+7.85%
2023-12-31	CN¥30.44 Billion ≈ $4.45 Billion	+9.01%
2022-12-31	CN¥27.92 Billion ≈ $4.09 Billion	+22.97%
2021-12-31	CN¥22.71 Billion ≈ $3.32 Billion	+45.09%
2020-12-31	CN¥15.65 Billion ≈ $2.29 Billion	+9.96%
2019-12-31	CN¥14.23 Billion ≈ $2.08 Billion	+17.93%
2018-12-31	CN¥12.07 Billion ≈ $1.77 Billion	+29.91%
2017-12-31	CN¥9.29 Billion ≈ $1.36 Billion	+13.82%
2016-12-31	CN¥8.16 Billion ≈ $1.19 Billion	+10.67%
2015-12-31	CN¥7.37 Billion ≈ $1.08 Billion	+11.52%
2014-12-31	CN¥6.61 Billion ≈ $967.66 Million	+12.68%
2013-12-31	CN¥5.87 Billion ≈ $858.77 Million	+6.27%
2012-12-31	CN¥5.52 Billion ≈ $808.07 Million	+8.91%
2011-12-31	CN¥5.07 Billion ≈ $741.99 Million	+6.09%
2010-12-31	CN¥4.78 Billion ≈ $699.39 Million	+73.24%
2009-12-31	CN¥2.76 Billion ≈ $403.72 Million	+15.76%
2008-12-31	CN¥2.38 Billion ≈ $348.77 Million	+19.09%
2007-12-31	CN¥2.00 Billion ≈ $292.86 Million	+16.80%
2006-12-31	CN¥1.71 Billion ≈ $250.72 Million	+85.51%
2005-12-31	CN¥923.63 Million ≈ $135.16 Million	+25.13%
2004-12-31	CN¥738.11 Million ≈ $108.01 Million	+15.91%
2003-12-31	CN¥636.78 Million ≈ $93.18 Million	+14.09%
2002-12-31	CN¥558.15 Million ≈ $81.68 Million	+222.71%
2001-12-31	CN¥172.96 Million ≈ $25.31 Million	+3.00%
2000-12-31	CN¥167.92 Million ≈ $24.57 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shandong Hualu Hengsheng Chemical 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 2766113597549.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥27.66 Billion	83.62%
Other Components	CN¥5.42 Billion	16.38%
Total Equity	CN¥33.08 Billion	100.00%

Shandong Hualu Hengsheng Chemical Co Ltd Competitors by Market Cap

The table below lists competitors of Shandong Hualu Hengsheng Chemical Co Ltd ranked by their market capitalization.

Company	Market Cap
Blueprint Medicines Corp NASDAQ:BPMC	$8.36 Billion
Hunan Yuneng New Energy Battery Material Co. Ltd. A SHE:301358	$8.36 Billion
Grupo Aeroportuario del Sureste S. A. B. de C. V MX:ASURB	$8.36 Billion
CTP N.V. AS:CTPNV	$8.37 Billion
HAIDILAO INT.HLDG LTD F:8HI	$8.36 Billion
Enersys NYSE:ENS	$8.35 Billion
Dabur India Limited NSE:DABUR	$8.35 Billion
Merlin Properties SOCIMI SA LS:MRL	$8.35 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Hualu Hengsheng Chemical Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 31,018,229,487 to 33,080,175,389, a change of 2,061,945,902 (6.6%).
Net income of 3,315,494,470 contributed positively to equity growth.
Dividend payments of 1,477,552,940 reduced retained earnings.
Other comprehensive income decreased equity by 19,288,106.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥3.32 Billion	+10.02%
Dividends Paid	CN¥1.48 Billion	-4.47%
Other Comprehensive Income	CN¥-19.29 Million	-0.06%
Other Changes	CN¥243.29 Million	+0.74%
Total Change	CN¥-	6.65%

Book Value vs Market Value Analysis

This analysis compares Shandong Hualu Hengsheng Chemical 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: 1.73x
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 153.25x to 1.73x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	CN¥0.18	CN¥27.01	x
2001-12-31	CN¥0.18	CN¥27.01	x
2002-12-31	CN¥0.34	CN¥27.01	x
2003-12-31	CN¥0.39	CN¥27.01	x
2004-12-31	CN¥0.45	CN¥27.01	x
2005-12-31	CN¥0.57	CN¥27.01	x
2006-12-31	CN¥1.57	CN¥27.01	x
2007-12-31	CN¥1.23	CN¥27.01	x
2008-12-31	CN¥1.46	CN¥27.01	x
2009-12-31	CN¥1.69	CN¥27.01	x
2010-12-31	CN¥2.93	CN¥27.01	x
2011-12-31	CN¥2.42	CN¥27.01	x
2012-12-31	CN¥2.64	CN¥27.01	x
2013-12-31	CN¥2.80	CN¥27.01	x
2014-12-31	CN¥3.16	CN¥27.01	x
2015-12-31	CN¥3.52	CN¥27.01	x
2016-12-31	CN¥3.87	CN¥27.01	x
2017-12-31	CN¥4.41	CN¥27.01	x
2018-12-31	CN¥5.73	CN¥27.01	x
2019-12-31	CN¥6.76	CN¥27.01	x
2020-12-31	CN¥7.34	CN¥27.01	x
2021-12-31	CN¥10.55	CN¥27.01	x
2022-12-31	CN¥12.76	CN¥27.01	x
2023-12-31	CN¥13.65	CN¥27.01	x
2024-12-31	CN¥14.66	CN¥27.01	x
2025-12-31	CN¥15.58	CN¥27.01	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Hualu Hengsheng Chemical 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): 10.02%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.71%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.49x
Recent ROE (10.02%) is below the historical average (14.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	20.48%	8.76%	0.91x	2.57x	CN¥17.59 Million
2001	19.41%	8.95%	0.84x	2.59x	CN¥16.28 Million
2002	8.26%	10.22%	0.50x	1.61x	CN¥-9.72 Million
2003	12.37%	12.08%	0.41x	2.52x	CN¥15.08 Million
2004	17.09%	12.70%	0.42x	3.23x	CN¥52.33 Million
2005	19.01%	12.98%	0.49x	2.99x	CN¥83.18 Million
2006	13.64%	12.93%	0.45x	2.36x	CN¥62.31 Million
2007	16.00%	11.17%	0.70x	2.06x	CN¥120.16 Million
2008	15.81%	10.94%	0.66x	2.19x	CN¥138.56 Million
2009	15.41%	10.63%	0.65x	2.24x	CN¥149.21 Million
2010	5.32%	5.36%	0.52x	1.89x	CN¥-223.81 Million
2011	7.00%	6.83%	0.49x	2.10x	CN¥-152.36 Million
2012	8.18%	6.45%	0.58x	2.18x	CN¥-100.65 Million
2013	8.34%	5.78%	0.68x	2.11x	CN¥-97.34 Million
2014	12.16%	8.28%	0.74x	1.97x	CN¥143.15 Million
2015	12.27%	10.46%	0.75x	1.57x	CN¥167.20 Million
2016	10.73%	11.37%	0.58x	1.62x	CN¥59.38 Million
2017	13.16%	11.74%	0.65x	1.72x	CN¥293.13 Million
2018	25.02%	21.03%	0.77x	1.55x	CN¥1.81 Billion
2019	17.24%	17.29%	0.78x	1.28x	CN¥1.03 Billion
2020	11.63%	13.71%	0.64x	1.33x	CN¥251.51 Million
2021	32.67%	27.19%	0.93x	1.29x	CN¥5.05 Billion
2022	23.36%	20.79%	0.86x	1.30x	CN¥3.60 Billion
2023	12.38%	13.12%	0.62x	1.52x	CN¥686.79 Million
2024	12.58%	11.40%	0.73x	1.50x	CN¥800.77 Million
2025	10.02%	10.71%	0.63x	1.49x	CN¥7.48 Million

Industry Comparison

This section compares Shandong Hualu Hengsheng Chemical Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $1,673,626,987
Average return on equity (ROE) among peers: 23.61%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Hualu Hengsheng Chemical Co Ltd (600426)	CN¥36.62 Billion	20.48%	0.41x	$8.36 Billion
North Huajin Chemical Industries Co Ltd (000059)	$7.23 Billion	-2.15%	2.93x	$1.02 Billion
Sichuan Chemical Co Ltd (000155)	$735.76 Million	-85.51%	3.04x	$3.64 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$1.29 Billion	8.20%	0.49x	$12.04 Billion
Zangge Holding Co Ltd (000408)	$193.59 Million	324.78%	1.98x	$17.54 Billion
Sichuan Jinlu Group Co Ltd (000510)	$585.34 Million	14.02%	0.71x	$2.18 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$897.67 Million	-55.08%	1.47x	$378.34 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$545.03 Million	6.87%	0.36x	$899.79 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$149.01 Million	10.13%	0.47x	$404.30 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$824.49 Million	10.82%	0.01x	$295.93 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$4.29 Billion	4.03%	0.64x	$3.69 Billion

About Shandong Hualu Hengsheng Chemical Co Ltd

SHG:600426 China Chemicals

Market Cap

$8.36 Billion

CN¥57.14 Billion CNY

Market Cap Rank

#2583 Global

#328 in China

Share Price

CN¥27.01

Change (1 day)

-4.59%

52-Week Range

CN¥21.13 - CN¥41.41

All Time High

CN¥41.41