Zhongjin Gold Corp Ltd (600489) - Net Assets

Latest as of March 2026: CN¥39.75 Billion CNY ≈ $5.82 Billion USD

Based on the latest financial reports, Zhongjin Gold Corp Ltd (600489) has net assets worth CN¥39.75 Billion CNY (≈ $5.82 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¥69.75 Billion ≈ $10.21 Billion USD) and total liabilities (CN¥30.00 Billion ≈ $4.39 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. Also explore Zhongjin Gold Corp Ltd (600489) total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥39.75 Billion
% of Total Assets 56.99%
Annual Growth Rate 21.4%
5-Year Change 35.33%
10-Year Change 138.39%
Growth Volatility 56.25

Zhongjin Gold Corp Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Zhongjin Gold Corp Ltd's net assets have evolved over time, based on quarterly financial data. Check Zhongjin Gold Corp Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Zhongjin Gold Corp Ltd (2000–2025)

The table below shows the annual net assets of Zhongjin Gold Corp Ltd from 2000 to 2025. For live valuation and market cap data, see 600489 stock market capitalisation.

Year Net Assets Change
2025-12-31 CN¥36.43 Billion
≈ $5.33 Billion		 +11.86%
2024-12-31 CN¥32.57 Billion
≈ $4.77 Billion		 +5.97%
2023-12-31 CN¥30.74 Billion
≈ $4.50 Billion		 +9.76%
2022-12-31 CN¥28.00 Billion
≈ $4.10 Billion		 +4.02%
2021-12-31 CN¥26.92 Billion
≈ $3.94 Billion		 +5.48%
2020-12-31 CN¥25.52 Billion
≈ $3.73 Billion		 +28.23%
2019-12-31 CN¥19.90 Billion
≈ $2.91 Billion		 +3.00%
2018-12-31 CN¥19.33 Billion
≈ $2.83 Billion		 +23.54%
2017-12-31 CN¥15.64 Billion
≈ $2.29 Billion		 +2.35%
2016-12-31 CN¥15.28 Billion
≈ $2.24 Billion		 +28.42%
2015-12-31 CN¥11.90 Billion
≈ $1.74 Billion		 -1.20%
2014-12-31 CN¥12.05 Billion
≈ $1.76 Billion		 +2.32%
2013-12-31 CN¥11.77 Billion
≈ $1.72 Billion		 -2.26%
2012-12-31 CN¥12.04 Billion
≈ $1.76 Billion		 +19.28%
2011-12-31 CN¥10.10 Billion
≈ $1.48 Billion		 +71.15%
2010-12-31 CN¥5.90 Billion
≈ $863.29 Million		 +26.83%
2009-12-31 CN¥4.65 Billion
≈ $680.67 Million		 +0.86%
2008-12-31 CN¥4.61 Billion
≈ $674.90 Million		 +270.62%
2007-12-31 CN¥1.24 Billion
≈ $182.10 Million		 +17.17%
2006-12-31 CN¥1.06 Billion
≈ $155.42 Million		 +13.95%
2005-12-31 CN¥932.11 Million
≈ $136.40 Million		 +5.93%
2004-12-31 CN¥879.91 Million
≈ $128.76 Million		 +15.22%
2003-12-31 CN¥763.67 Million
≈ $111.75 Million		 +127.56%
2002-12-31 CN¥335.59 Million
≈ $49.11 Million		 +12.18%
2001-12-31 CN¥299.16 Million
≈ $43.78 Million		 +4.70%
2000-12-31 CN¥285.74 Million
≈ $41.81 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 185402.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥13.09 Billion 43.15%
Other Components CN¥17.24 Billion 56.85%
Total Equity CN¥30.33 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
Brookfield Infrastructure Partners L.P
TO:BIP-UN
 $17.82 Billion
Brookfield Infrastructure Partners LP
NYSE:BIP
 $17.82 Billion
Api Group Corp
NYSE:APG
 $17.87 Billion
RBC Bearings Incorporated
NYSE:RBC
 $17.92 Billion
FORTUM OYJ ADR 1/5/EO340
F:FOT0
 $17.80 Billion
Ke Holdings Inc
NYSE:BEKE
 $17.78 Billion
KE HOLDINGS SP.ADS/1 CL.A
F:KE8A
 $17.75 Billion
Rollins Inc
NYSE:ROL
 $17.73 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 2024 to 2025, total equity changed from 27,392,842,641 to 30,326,706,612, a change of 2,933,863,971 (10.7%).
  • Net income of 4,933,582,739 contributed positively to equity growth.
  • Dividend payments of 2,305,063,334 reduced retained earnings.
  • Other comprehensive income decreased equity by 4,216,833,593.
  • Other factors increased equity by 4,522,178,159.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥4.93 Billion +16.27%
Dividends Paid CN¥2.31 Billion -7.6%
Other Comprehensive Income CN¥-4.22 Billion -13.9%
Other Changes CN¥4.52 Billion +14.91%
Total Change CN¥- 10.71%

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: 4.01x
  • 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 205.04x to 4.01x 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¥25.11 x
2001-12-31 CN¥0.13 CN¥25.11 x
2002-12-31 CN¥0.14 CN¥25.11 x
2003-12-31 CN¥0.33 CN¥25.11 x
2004-12-31 CN¥0.33 CN¥25.11 x
2005-12-31 CN¥0.34 CN¥25.11 x
2006-12-31 CN¥0.38 CN¥25.11 x
2007-12-31 CN¥0.37 CN¥25.11 x
2008-12-31 CN¥1.31 CN¥25.11 x
2009-12-31 CN¥1.07 CN¥25.11 x
2010-12-31 CN¥1.64 CN¥25.11 x
2011-12-31 CN¥2.74 CN¥25.11 x
2012-12-31 CN¥3.16 CN¥25.11 x
2013-12-31 CN¥3.20 CN¥25.11 x
2014-12-31 CN¥3.00 CN¥25.11 x
2015-12-31 CN¥3.43 CN¥25.11 x
2016-12-31 CN¥4.02 CN¥25.11 x
2017-12-31 CN¥3.70 CN¥25.11 x
2018-12-31 CN¥4.24 CN¥25.11 x
2019-12-31 CN¥3.98 CN¥25.11 x
2020-12-31 CN¥5.12 CN¥25.11 x
2021-12-31 CN¥5.13 CN¥25.11 x
2022-12-31 CN¥5.34 CN¥25.11 x
2023-12-31 CN¥5.31 CN¥25.11 x
2024-12-31 CN¥5.66 CN¥25.11 x
2025-12-31 CN¥6.26 CN¥25.11 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): 16.27%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.24%
  • • Asset Turnover: 1.26x
  • • Equity Multiplier: 2.06x
  • Recent ROE (16.27%) is above the historical average (9.97%), 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
2025 16.27% 6.24% 1.26x 2.06x CN¥1.90 Billion

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: $18,219,195,213
  • Average return on equity (ROE) among peers: 10.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Zhongjin Gold Corp Ltd (600489) CN¥39.75 Billion 10.65% 0.75x $17.81 Billion
Hunan Gold Corp Ltd (002155) $2.96 Billion 18.15% 0.54x $5.75 Billion
Shandong Gold Mining Co Ltd (600547) $31.78 Billion -0.61% 1.46x $15.85 Billion
Chifeng Jilong Gold Mining Co Ltd (600988) $4.44 Billion 17.65% 0.62x $10.06 Billion
Western Gold Co Ltd (601069) $4.64 Billion 6.24% 0.64x $3.81 Billion
Zijin Mining Group Co Ltd Class A (601899) $47.27 Billion 8.66% 1.39x $104.00 Billion

About Zhongjin Gold Corp Ltd

SHG:600489 China Gold
Market Cap
$17.81 Billion
CN¥121.72 Billion CNY
Market Cap Rank
#1432 Global
#125 in China
Share Price
CN¥25.11
Change (1 day)
+3.55%
52-Week Range
CN¥14.36 - CN¥41.00
All Time High
CN¥41.00
Categories
Companies in China Gold
About

Zhongjin Gold Corp.,Ltd, together with its subsidiaries, engages in exploration, mining, beneficiation, and smelting of gold and other non-ferrous metals in China. The company offers gold, including gold concentrate, alloyed gold, and standard gold; and copper, silver, tellurium, platinum, ammonium perrhenate, and selenium as well as molybdenum, and sulfuric acid. It also engages in investment an… Read more