Xiamen Tungsten Co Ltd

SHG:600549 China Other Industrial Metals & Mining
Market Cap
$13.50 Billion
CN¥99.07 Billion CNY
Market Cap Rank
#2050 Global
#116 in China
Share Price
CN¥62.40
Change (1 day)
-8.41%
52-Week Range
CN¥17.82 - CN¥78.76
All Time High
CN¥78.76
Categories
Companies in China Other Industrial Metals & Mining
About

Xiamen Tungsten Co.,Ltd. engages in the sale of tungsten, molybdenum, rare earth, battery materials, and other industrial products in China. The company offers tungsten concentrate, carbide powder, oxide, powder, and APT, as well as cobalt powder; rare earth oxide, metal, permanent magnet, and phosphor; Molybdenum oxide, plate, electrodes, crucible, and round blank; and hydrogen storage alloy pow… Read more

Xiamen Tungsten Co Ltd (600549) - Net Assets

Latest net assets as of September 2025: CN¥25.57 Billion CNY

Based on the latest financial reports, Xiamen Tungsten Co Ltd (600549) has net assets worth CN¥25.57 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¥50.37 Billion) and total liabilities (CN¥24.80 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¥25.57 Billion
% of Total Assets 50.77%
Annual Growth Rate 20.59%
5-Year Change 145.32%
10-Year Change 195.71%
Growth Volatility 32.52

Xiamen Tungsten Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Xiamen Tungsten 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 Xiamen Tungsten Co Ltd (1999–2024)

The table below shows the annual net assets of Xiamen Tungsten Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥24.35 Billion +27.68%
2023-12-31 CN¥19.07 Billion +18.75%
2022-12-31 CN¥16.06 Billion +26.18%
2021-12-31 CN¥12.73 Billion +28.23%
2020-12-31 CN¥9.93 Billion +1.54%
2019-12-31 CN¥9.78 Billion +6.69%
2018-12-31 CN¥9.16 Billion +4.74%
2017-12-31 CN¥8.75 Billion +7.76%
2016-12-31 CN¥8.12 Billion -1.42%
2015-12-31 CN¥8.23 Billion -9.42%
2014-12-31 CN¥9.09 Billion +49.93%
2013-12-31 CN¥6.06 Billion +7.62%
2012-12-31 CN¥5.63 Billion +11.52%
2011-12-31 CN¥5.05 Billion +23.14%
2010-12-31 CN¥4.10 Billion +2.12%
2009-12-31 CN¥4.02 Billion +17.95%
2008-12-31 CN¥3.41 Billion +7.50%
2007-12-31 CN¥3.17 Billion +111.30%
2006-12-31 CN¥1.50 Billion +21.90%
2005-12-31 CN¥1.23 Billion +18.51%
2004-12-31 CN¥1.04 Billion +27.51%
2003-12-31 CN¥814.09 Million +28.92%
2002-12-31 CN¥631.47 Million +138.25%
2001-12-31 CN¥265.05 Million +14.13%
2000-12-31 CN¥232.24 Million +2.78%
1999-12-31 CN¥225.95 Million --

Equity Component Analysis

This analysis shows how different components contribute to Xiamen Tungsten 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 179377.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.83 Billion 42.94%
Common Stock CN¥1.59 Billion 9.98%
Other Components CN¥7.49 Billion 47.08%
Total Equity CN¥15.90 Billion 100.00%

Xiamen Tungsten Co Ltd Competitors by Market Cap

The table below lists competitors of Xiamen Tungsten Co Ltd ranked by their market capitalization.

Company Market Cap
Brown-Forman Corporation
NYSE:BF-A
 		$7.60 Billion
Alexandria Real Estate Equities Inc
NYSE:ARE
 		$7.61 Billion
The Magnum Ice Cream Company N.V.
NYSE:MICC
 		$7.63 Billion
ANA Holdings Inc
PINK:ALNPF
 		$7.63 Billion
Fujikura Ltd.
PINK:FKURF
 		$7.58 Billion
Antero Midstream Partners LP
NYSE:AM
 		$7.58 Billion
Indutrade AB (publ)
PINK:IDDWF
 		$7.58 Billion
First Quantum Minerals Ltd
PINK:FQVLF
 		$7.57 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Xiamen Tungsten Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 11,211,805,221 to 15,902,788,000, a change of 4,690,982,779 (41.8%).
  • Net income of 1,727,933,710 contributed positively to equity growth.
  • Dividend payments of 917,684,685 reduced retained earnings.
  • Share repurchases of 36,927,402 reduced equity.
  • Other factors increased equity by 3,917,661,156.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.73 Billion +10.87%
Dividends Paid CN¥917.68 Million -5.77%
Share Repurchases CN¥36.93 Million -0.23%
Other Changes CN¥3.92 Billion +24.64%
Total Change CN¥- 41.84%

Book Value vs Market Value Analysis

This analysis compares Xiamen Tungsten 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: 5.61x
  • 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 186.22x to 5.61x 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¥0.34 CN¥62.40 x
2000-12-31 CN¥0.35 CN¥62.40 x
2001-12-31 CN¥0.39 CN¥62.40 x
2002-12-31 CN¥1.05 CN¥62.40 x
2003-12-31 CN¥1.16 CN¥62.40 x
2004-12-31 CN¥1.36 CN¥62.40 x
2005-12-31 CN¥1.59 CN¥62.40 x
2006-12-31 CN¥1.00 CN¥62.40 x
2007-12-31 CN¥1.57 CN¥62.40 x
2008-12-31 CN¥1.71 CN¥62.40 x
2009-12-31 CN¥2.01 CN¥62.40 x
2010-12-31 CN¥2.22 CN¥62.40 x
2011-12-31 CN¥2.99 CN¥62.40 x
2012-12-31 CN¥3.35 CN¥62.40 x
2013-12-31 CN¥3.61 CN¥62.40 x
2014-12-31 CN¥6.45 CN¥62.40 x
2015-12-31 CN¥4.72 CN¥62.40 x
2016-12-31 CN¥4.61 CN¥62.40 x
2017-12-31 CN¥4.90 CN¥62.40 x
2018-12-31 CN¥5.15 CN¥62.40 x
2019-12-31 CN¥5.22 CN¥62.40 x
2020-12-31 CN¥5.42 CN¥62.40 x
2021-12-31 CN¥6.37 CN¥62.40 x
2022-12-31 CN¥7.11 CN¥62.40 x
2023-12-31 CN¥7.95 CN¥62.40 x
2024-12-31 CN¥11.13 CN¥62.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Xiamen Tungsten 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): 10.87%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.91%
  • • Asset Turnover: 0.77x
  • • Equity Multiplier: 2.86x
  • Recent ROE (10.87%) is below the historical average (12.27%), 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 16.29% 5.48% 0.75x 3.96x CN¥11.12 Million
2000 19.40% 5.49% 0.94x 3.77x CN¥17.25 Million
2001 29.95% 8.69% 1.21x 2.86x CN¥40.85 Million
2002 9.06% 8.65% 0.52x 2.00x CN¥-5.18 Million
2003 8.91% 7.00% 0.44x 2.87x CN¥-6.62 Million
2004 15.47% 7.42% 0.68x 3.07x CN¥39.11 Million
2005 20.40% 5.94% 0.82x 4.16x CN¥87.31 Million
2006 22.77% 5.49% 0.77x 5.39x CN¥134.75 Million
2007 11.15% 4.33% 0.54x 4.76x CN¥20.61 Million
2008 10.26% 4.10% 0.56x 4.47x CN¥5.14 Million
2009 9.21% 3.36% 0.59x 4.63x CN¥-18.26 Million
2010 13.68% 6.32% 0.46x 4.68x CN¥94.15 Million
2011 29.67% 8.57% 0.94x 3.68x CN¥676.75 Million
2012 13.25% 5.76% 0.69x 3.33x CN¥125.44 Million
2013 11.05% 4.65% 0.64x 3.71x CN¥43.53 Million
2014 5.93% 4.35% 0.59x 2.33x CN¥-302.53 Million
2015 -9.98% -8.54% 0.49x 2.41x CN¥-1.33 Billion
2016 2.27% 1.72% 0.55x 2.39x CN¥-501.91 Million
2017 8.97% 4.36% 0.75x 2.73x CN¥-71.27 Million
2018 6.89% 2.55% 0.87x 3.11x CN¥-225.62 Million
2019 3.53% 1.50% 0.74x 3.18x CN¥-476.75 Million
2020 8.06% 3.24% 0.76x 3.30x CN¥-147.37 Million
2021 13.16% 3.70% 0.98x 3.62x CN¥282.77 Million
2022 14.48% 3.00% 1.21x 3.98x CN¥447.14 Million
2023 14.29% 4.07% 1.00x 3.50x CN¥480.52 Million
2024 10.87% 4.91% 0.77x 2.86x CN¥137.65 Million

Industry Comparison

This section compares Xiamen Tungsten Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $4,050,550,397
  • Average return on equity (ROE) among peers: -2.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Xiamen Tungsten Co Ltd (600549) CN¥25.57 Billion 16.29% 0.97x $7.59 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) $12.84 Billion 7.75% 0.90x $2.31 Billion
Shengda Mining Co Ltd (000603) $137.02 Million -70.66% 1.02x $2.08 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629) $8.87 Billion 10.35% 1.29x $2.61 Billion
China Tungsten and Hightech Materials Co Ltd (000657) $5.63 Billion 9.36% 0.74x $11.02 Billion
Guocheng Mining Co Ltd (000688) $1.04 Billion 2.34% 0.72x $1.64 Billion
Huludao Zinc Industry Co Ltd (000751) $-3.38 Billion 0.00% 0.00x $885.40 Million
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) $8.99 Billion 0.24% 1.46x $1.24 Billion
Tibet Mineral Development Co Ltd (000762) $2.60 Billion 5.40% 0.11x $1.57 Billion
Innuovo Technology Co Ltd Class A (000795) $2.00 Billion 1.73% 0.26x $694.51 Million
Yunnan Tin Co Ltd (000960) $1.77 Billion 11.99% 1.41x $4.62 Billion