Zhongjin Gold Corp Ltd
Zhongjin Gold Corp.,Ltd, together with its subsidiaries, engages in the mining, smelting, and sale of non-ferrous metals in China. The company's products include gold, including gold concentrates, gold alloys, and standard gold; electrolytic and cathode copper, silver, sulfuric acid, tellurium, platinum, selenium, ammonium perrhenate, molybdenum, and iron ore concentrates; and mineral powder. It … Read more
Zhongjin Gold Corp Ltd (600489) - Net Assets
Latest net assets as of September 2025: CN¥34.78 Billion CNY
Based on the latest financial reports, Zhongjin Gold Corp Ltd (600489) has net assets worth CN¥34.78 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¥63.46 Billion) and total liabilities (CN¥28.68 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¥34.78 Billion |
| % of Total Assets | 54.81% |
| Annual Growth Rate | 21.82% |
| 5-Year Change | 27.62% |
| 10-Year Change | 173.7% |
| Growth Volatility | 57.31 |
Zhongjin Gold Corp Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Zhongjin Gold Corp 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 Zhongjin Gold Corp Ltd (2000–2024)
The table below shows the annual net assets of Zhongjin Gold Corp Ltd from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥32.57 Billion | +5.97% |
| 2023-12-31 | CN¥30.74 Billion | +9.76% |
| 2022-12-31 | CN¥28.00 Billion | +4.02% |
| 2021-12-31 | CN¥26.92 Billion | +5.48% |
| 2020-12-31 | CN¥25.52 Billion | +28.23% |
| 2019-12-31 | CN¥19.90 Billion | +3.00% |
| 2018-12-31 | CN¥19.33 Billion | +23.54% |
| 2017-12-31 | CN¥15.64 Billion | +2.35% |
| 2016-12-31 | CN¥15.28 Billion | +28.42% |
| 2015-12-31 | CN¥11.90 Billion | -1.20% |
| 2014-12-31 | CN¥12.05 Billion | +2.32% |
| 2013-12-31 | CN¥11.77 Billion | -2.26% |
| 2012-12-31 | CN¥12.04 Billion | +19.28% |
| 2011-12-31 | CN¥10.10 Billion | +71.15% |
| 2010-12-31 | CN¥5.90 Billion | +26.83% |
| 2009-12-31 | CN¥4.65 Billion | +0.86% |
| 2008-12-31 | CN¥4.61 Billion | +270.62% |
| 2007-12-31 | CN¥1.24 Billion | +17.17% |
| 2006-12-31 | CN¥1.06 Billion | +13.95% |
| 2005-12-31 | CN¥932.11 Million | +5.93% |
| 2004-12-31 | CN¥879.91 Million | +15.22% |
| 2003-12-31 | CN¥763.67 Million | +127.56% |
| 2002-12-31 | CN¥335.59 Million | +12.18% |
| 2001-12-31 | CN¥299.16 Million | +4.70% |
| 2000-12-31 | CN¥285.74 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhongjin Gold Corp 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 144837.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.22 Billion | 37.33% |
| Common Stock | CN¥4.85 Billion | 17.70% |
| Other Comprehensive Income | CN¥4.22 Billion | 15.39% |
| Other Components | CN¥8.10 Billion | 29.58% |
| Total Equity | CN¥27.39 Billion | 100.00% |
Zhongjin Gold Corp Ltd Competitors by Market Cap
The table below lists competitors of Zhongjin Gold Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shengyi Technology Co Ltd
SHG:600183
|
$10.35 Billion |
|
Medpace Holdings Inc
NASDAQ:MEDP
|
$10.36 Billion |
|
Singapore Exchange Limited
PINK:SPXCF
|
$10.37 Billion |
|
Smith (DS) PLC
PINK:DSSMY
|
$10.38 Billion |
|
YPF S.A. D
BA:YPFD
|
$10.34 Billion |
|
Luckin Coffee
PINK:LKNCY
|
$10.34 Billion |
|
Admiral Group plc
PINK:AMIGF
|
$10.33 Billion |
|
Cochlear Limited
PINK:CHEOF
|
$10.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongjin Gold Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 25,908,781,124 to 27,392,842,641, a change of 1,484,061,517 (5.7%).
- Net income of 3,385,988,477 contributed positively to equity growth.
- Dividend payments of 2,368,022,443 reduced retained earnings.
- Other comprehensive income increased equity by 4,216,833,593.
- Other factors decreased equity by 3,750,738,110.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.39 Billion | +12.36% |
| Dividends Paid | CN¥2.37 Billion | -8.64% |
| Other Comprehensive Income | CN¥4.22 Billion | +15.39% |
| Other Changes | CN¥-3.75 Billion | -13.69% |
| Total Change | CN¥- | 5.73% |
Book Value vs Market Value Analysis
This analysis compares Zhongjin Gold Corp 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: 5.43x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 251.25x to 5.43x 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¥0.12 | CN¥30.77 | x |
| 2001-12-31 | CN¥0.13 | CN¥30.77 | x |
| 2002-12-31 | CN¥0.14 | CN¥30.77 | x |
| 2003-12-31 | CN¥0.33 | CN¥30.77 | x |
| 2004-12-31 | CN¥0.33 | CN¥30.77 | x |
| 2005-12-31 | CN¥0.34 | CN¥30.77 | x |
| 2006-12-31 | CN¥0.38 | CN¥30.77 | x |
| 2007-12-31 | CN¥0.37 | CN¥30.77 | x |
| 2008-12-31 | CN¥1.31 | CN¥30.77 | x |
| 2009-12-31 | CN¥1.07 | CN¥30.77 | x |
| 2010-12-31 | CN¥1.64 | CN¥30.77 | x |
| 2011-12-31 | CN¥2.74 | CN¥30.77 | x |
| 2012-12-31 | CN¥3.16 | CN¥30.77 | x |
| 2013-12-31 | CN¥3.20 | CN¥30.77 | x |
| 2014-12-31 | CN¥3.00 | CN¥30.77 | x |
| 2015-12-31 | CN¥3.43 | CN¥30.77 | x |
| 2016-12-31 | CN¥4.02 | CN¥30.77 | x |
| 2017-12-31 | CN¥3.70 | CN¥30.77 | x |
| 2018-12-31 | CN¥4.24 | CN¥30.77 | x |
| 2019-12-31 | CN¥3.98 | CN¥30.77 | x |
| 2020-12-31 | CN¥5.12 | CN¥30.77 | x |
| 2021-12-31 | CN¥5.13 | CN¥30.77 | x |
| 2022-12-31 | CN¥5.34 | CN¥30.77 | x |
| 2023-12-31 | CN¥5.31 | CN¥30.77 | x |
| 2024-12-31 | CN¥5.66 | CN¥30.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongjin Gold Corp 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): 12.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.17%
- • Asset Turnover: 1.18x
- • Equity Multiplier: 2.03x
- Recent ROE (12.36%) is above the historical average (9.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 10.65% | 5.19% | 0.88x | 2.35x | CN¥1.87 Million |
| 2001 | 11.67% | 5.97% | 0.89x | 2.18x | CN¥5.00 Million |
| 2002 | 10.85% | 4.15% | 1.21x | 2.16x | CN¥2.85 Million |
| 2003 | 5.21% | 1.82% | 1.95x | 1.47x | CN¥-36.58 Million |
| 2004 | 5.08% | 1.12% | 2.15x | 2.10x | CN¥-37.58 Million |
| 2005 | 8.53% | 1.51% | 2.58x | 2.19x | CN¥-11.64 Million |
| 2006 | 18.48% | 3.00% | 2.44x | 2.52x | CN¥74.25 Million |
| 2007 | 24.88% | 2.28% | 2.98x | 3.66x | CN¥153.42 Million |
| 2008 | 12.15% | 3.30% | 1.80x | 2.05x | CN¥84.79 Million |
| 2009 | 13.33% | 2.79% | 1.49x | 3.21x | CN¥130.17 Million |
| 2010 | 22.78% | 5.20% | 1.60x | 2.73x | CN¥631.12 Million |
| 2011 | 21.18% | 5.48% | 1.75x | 2.21x | CN¥958.76 Million |
| 2012 | 15.49% | 4.32% | 1.68x | 2.14x | CN¥552.31 Million |
| 2013 | 4.32% | 1.41% | 1.30x | 2.35x | CN¥-566.43 Million |
| 2014 | 0.62% | 0.18% | 1.21x | 2.78x | CN¥-932.06 Million |
| 2015 | 0.88% | 0.23% | 1.01x | 3.73x | CN¥-900.74 Million |
| 2016 | 2.73% | 0.93% | 1.00x | 2.93x | CN¥-962.88 Million |
| 2017 | 2.16% | 0.88% | 0.85x | 2.86x | CN¥-1.05 Billion |
| 2018 | 1.41% | 0.56% | 0.91x | 2.79x | CN¥-1.17 Billion |
| 2019 | 5.78% | 1.86% | 1.06x | 2.92x | CN¥-579.68 Million |
| 2020 | 6.64% | 3.24% | 1.05x | 1.96x | CN¥-786.58 Million |
| 2021 | 6.83% | 3.03% | 1.18x | 1.92x | CN¥-786.57 Million |
| 2022 | 7.33% | 3.32% | 1.17x | 1.88x | CN¥-692.08 Million |
| 2023 | 11.49% | 4.86% | 1.16x | 2.03x | CN¥386.98 Million |
| 2024 | 12.36% | 5.17% | 1.18x | 2.03x | CN¥646.70 Million |
Industry Comparison
This section compares Zhongjin Gold Corp Ltd's net assets metrics with peer companies in the Gold industry.
Industry Context
- Industry: Gold
- Average net assets among peers: $18,605,533,399
- Average return on equity (ROE) among peers: 16.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhongjin Gold Corp Ltd (600489) | CN¥34.78 Billion | 10.65% | 0.82x | $10.35 Billion |
| Sichuan Rongda Gold Co. Ltd. Cl A (001337) | $641.57 Million | 23.91% | 0.86x | $1.19 Billion |
| Shandong Gold Mining Co Ltd (600547) | $2.43 Billion | 26.22% | 0.73x | $16.11 Billion |
| Chifeng Jilong Gold Mining Co Ltd (600988) | $10.72 Billion | 16.45% | 0.90x | $7.99 Billion |
| Western Gold Co Ltd (601069) | $4.64 Billion | 6.24% | 0.64x | $1.28 Billion |
| Zijin Mining Group Co Ltd Class A (601899) | $74.60 Billion | 8.73% | 1.44x | $99.09 Billion |