Hang Xiao Steel Structure Co Ltd

SHG:600477 China Steel
Market Cap
$1.13 Billion
CN¥8.28 Billion CNY
Market Cap Rank
#9027 Global
#1811 in China
Share Price
CN¥3.51
Change (1 day)
+0.86%
52-Week Range
CN¥2.50 - CN¥4.45
All Time High
CN¥8.01
Categories
Companies in China Steel
About

Hang Xiao Steel Structure Co.,Ltd, together with its subsidiaries, engages in steel structure and engineering procurement construction contracting services in China and internationally. It operates through three segments: Construction, Building Materials, and Others segments. The company engages in production, sale, and installation of steel structure products and building panels. It also designs… Read more

Hang Xiao Steel Structure Co Ltd (600477) - Net Assets

Latest net assets as of September 2025: CN¥5.40 Billion CNY

Based on the latest financial reports, Hang Xiao Steel Structure Co Ltd (600477) has net assets worth CN¥5.40 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¥15.49 Billion) and total liabilities (CN¥10.09 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¥5.40 Billion
% of Total Assets 34.87%
Annual Growth Rate 21.56%
5-Year Change 27.89%
10-Year Change 172.01%
Growth Volatility 56.09

Hang Xiao Steel Structure Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Hang Xiao Steel Structure 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 Hang Xiao Steel Structure Co Ltd (2000–2024)

The table below shows the annual net assets of Hang Xiao Steel Structure Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.43 Billion -2.41%
2023-12-31 CN¥5.56 Billion +2.06%
2022-12-31 CN¥5.45 Billion +17.54%
2021-12-31 CN¥4.63 Billion +9.25%
2020-12-31 CN¥4.24 Billion +15.59%
2019-12-31 CN¥3.67 Billion +8.19%
2018-12-31 CN¥3.39 Billion +12.32%
2017-12-31 CN¥3.02 Billion +32.45%
2016-12-31 CN¥2.28 Billion +14.33%
2015-12-31 CN¥1.99 Billion +25.88%
2014-12-31 CN¥1.58 Billion +32.60%
2013-12-31 CN¥1.20 Billion +4.33%
2012-12-31 CN¥1.15 Billion -9.73%
2011-12-31 CN¥1.27 Billion +11.08%
2010-12-31 CN¥1.14 Billion +38.68%
2009-12-31 CN¥823.77 Million +16.64%
2008-12-31 CN¥706.26 Million +10.31%
2007-12-31 CN¥640.28 Million +2.11%
2006-12-31 CN¥627.05 Million +1.69%
2005-12-31 CN¥616.64 Million -0.40%
2004-12-31 CN¥619.08 Million +32.46%
2003-12-31 CN¥467.38 Million +283.99%
2002-12-31 CN¥121.72 Million +67.99%
2001-12-31 CN¥72.46 Million +44.77%
2000-12-31 CN¥50.05 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hang Xiao Steel Structure 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 174454500000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.74 Billion 34.31%
Common Stock CN¥2.37 Billion 46.67%
Other Comprehensive Income CN¥224.84 Million 4.43%
Other Components CN¥740.60 Million 14.59%
Total Equity CN¥5.08 Billion 100.00%

Hang Xiao Steel Structure Co Ltd Competitors by Market Cap

The table below lists competitors of Hang Xiao Steel Structure Co Ltd ranked by their market capitalization.

Company Market Cap
Shanghai Jin Jiang International Industrial Investment Co Ltd A
SHG:600650
 		$655.58 Million
Anhui Tongfeng Electronics Co Ltd
SHG:600237
 		$655.70 Million
Vossloh AG
PINK:VOSSF
 		$655.72 Million
Emcure Pharmaceuticals Ltd
NSE:EMCURE
 		$655.72 Million
Shinkong Insurance Co Ltd
TW:2850
 		$655.45 Million
I-Chiun Precision Industry Co Ltd
TW:2486
 		$655.41 Million
Wuhan Zhongyuan Huadian Sci Tech
SHE:300018
 		$655.22 Million
Enchem Co. Ltd.
KQ:348370
 		$655.06 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hang Xiao Steel Structure Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,181,526,000 to 5,075,732,000, a change of -105,794,000 (-2.0%).
  • Net income of 168,947,000 contributed positively to equity growth.
  • Dividend payments of 374,061,000 reduced retained earnings.
  • Share repurchases of 178,035 reduced equity.
  • Other comprehensive income increased equity by 411,394,768.
  • Other factors decreased equity by 311,896,733.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥168.95 Million +3.33%
Dividends Paid CN¥374.06 Million -7.37%
Share Repurchases CN¥178.03K -0.0%
Other Comprehensive Income CN¥411.39 Million +8.11%
Other Changes CN¥-311.90 Million -6.14%
Total Change CN¥- -2.04%

Book Value vs Market Value Analysis

This analysis compares Hang Xiao Steel Structure 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: 1.63x
  • 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 115.24x to 1.63x 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¥0.03 CN¥3.51 x
2001-12-31 CN¥0.04 CN¥3.51 x
2002-12-31 CN¥0.07 CN¥3.51 x
2003-12-31 CN¥0.27 CN¥3.51 x
2004-12-31 CN¥0.31 CN¥3.51 x
2005-12-31 CN¥0.33 CN¥3.51 x
2006-12-31 CN¥0.34 CN¥3.51 x
2007-12-31 CN¥0.36 CN¥3.51 x
2008-12-31 CN¥0.40 CN¥3.51 x
2009-12-31 CN¥0.46 CN¥3.51 x
2010-12-31 CN¥0.51 CN¥3.51 x
2011-12-31 CN¥0.54 CN¥3.51 x
2012-12-31 CN¥0.47 CN¥3.51 x
2013-12-31 CN¥0.50 CN¥3.51 x
2014-12-31 CN¥0.64 CN¥3.51 x
2015-12-31 CN¥0.87 CN¥3.51 x
2016-12-31 CN¥1.02 CN¥3.51 x
2017-12-31 CN¥1.34 CN¥3.51 x
2018-12-31 CN¥1.51 CN¥3.51 x
2019-12-31 CN¥1.62 CN¥3.51 x
2020-12-31 CN¥1.88 CN¥3.51 x
2021-12-31 CN¥2.00 CN¥3.51 x
2022-12-31 CN¥2.35 CN¥3.51 x
2023-12-31 CN¥2.21 CN¥3.51 x
2024-12-31 CN¥2.15 CN¥3.51 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hang Xiao Steel Structure 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): 3.33%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.13%
  • • Asset Turnover: 0.48x
  • • Equity Multiplier: 3.26x
  • Recent ROE (3.33%) is below the historical average (12.26%), 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 23.25% 9.18% 0.50x 5.06x CN¥6.51 Million
2001 25.87% 5.40% 1.07x 4.50x CN¥10.25 Million
2002 41.27% 6.91% 1.04x 5.75x CN¥33.31 Million
2003 14.95% 5.11% 0.99x 2.95x CN¥21.67 Million
2004 15.68% 5.05% 0.86x 3.60x CN¥28.77 Million
2005 7.66% 2.69% 0.67x 4.27x CN¥-12.46 Million
2006 4.61% 1.34% 0.68x 5.05x CN¥-29.35 Million
2007 6.54% 1.34% 0.90x 5.43x CN¥-20.11 Million
2008 10.60% 1.87% 1.14x 4.97x CN¥3.86 Million
2009 13.88% 3.53% 0.90x 4.37x CN¥28.06 Million
2010 11.70% 2.72% 0.90x 4.78x CN¥13.66 Million
2011 8.19% 1.97% 0.65x 6.38x CN¥-15.59 Million
2012 -15.52% -3.80% 0.53x 7.68x CN¥-189.89 Million
2013 5.65% 1.12% 0.64x 7.86x CN¥-34.29 Million
2014 5.05% 1.51% 0.60x 5.57x CN¥-58.07 Million
2015 7.28% 3.18% 0.59x 3.88x CN¥-45.09 Million
2016 20.69% 10.34% 0.69x 2.89x CN¥231.89 Million
2017 26.52% 16.59% 0.67x 2.40x CN¥478.43 Million
2018 17.54% 9.18% 0.78x 2.44x CN¥244.19 Million
2019 13.42% 7.07% 0.76x 2.51x CN¥119.43 Million
2020 17.85% 8.89% 0.91x 2.21x CN¥318.45 Million
2021 9.57% 4.30% 0.81x 2.73x CN¥-18.61 Million
2022 5.28% 2.70% 0.71x 2.75x CN¥-239.41 Million
2023 5.67% 2.73% 0.66x 3.17x CN¥-224.53 Million
2024 3.33% 2.13% 0.48x 3.26x CN¥-338.63 Million

Industry Comparison

This section compares Hang Xiao Steel Structure Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $18,547,616,490
  • Average return on equity (ROE) among peers: 8.66%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hang Xiao Steel Structure Co Ltd (600477) CN¥5.40 Billion 23.25% 1.87x $655.49 Million
CITIC Pacific Special Steel Group Co Ltd (000708) $1.55 Billion 1.01% 1.42x $1.85 Billion
HBIS Co Ltd (000709) $9.53 Billion 14.99% 2.00x $1.24 Billion
Sgis Songshan Co Ltd (000717) $2.28 Billion 9.87% 0.31x $429.26 Million
Bengang Steel Plates Co Ltd (000761) $15.56 Billion 5.11% 1.64x $448.58 Million
Xinxing Ductile Iron Pipes Co Ltd (000778) $26.34 Billion 7.62% 1.03x $1.50 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $2.09 Billion 9.33% 0.71x $1.32 Billion
Jiangsu Fasten Co Ltd (000890) $945.38 Million 15.14% 9.25x $283.59 Million
Angang Steel Co Ltd Class A (000898) $54.26 Billion 13.87% 0.60x $1.17 Billion
Hunan Valin Steel Co Ltd (000932) $18.32 Billion 8.80% 1.64x $1.17 Billion
Beijing Shougang Co Ltd (000959) $54.60 Billion 0.86% 1.41x $904.12 Million