Xiamen Tungsten Co Ltd Net Assets

Latest as of March 2026: CN¥28.37 Billion CNY ≈ $4.15 Billion USD

Xiamen Tungsten Co Ltd net assets. Based on the latest financial reports, Xiamen Tungsten Co Ltd (600549) has net assets worth CN¥28.37 Billion CNY (≈ $4.15 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¥63.93 Billion ≈ $9.35 Billion USD) and total liabilities (CN¥35.56 Billion ≈ $5.20 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 Xiamen Tungsten Co Ltd equity growth rate to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥28.37 Billion
% of Total Assets	44.38%
Annual Growth Rate	25.42%
5-Year Change	525.38%
10-Year Change	905.75%
Growth Volatility	51.7

Net Assets of Xiamen Tungsten Co Ltd (1999–2025)

Net assets of Xiamen Tungsten Co Ltd from 1999 to 2025. This chart illustrates how Xiamen Tungsten Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600549 net asset quality score to measure how much of total assets are equity-financed.

Annual Net Assets for Xiamen Tungsten Co Ltd (1999–2025)

The table below shows the annual net assets of Xiamen Tungsten Co Ltd from 1999 to 2025. For live market cap and overall valuation, see 600549 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥81.64 Billion ≈ $11.95 Billion	+235.27%
2024-12-31	CN¥24.35 Billion ≈ $3.56 Billion	+27.68%
2023-12-31	CN¥19.07 Billion ≈ $2.79 Billion	+18.75%
2022-12-31	CN¥16.06 Billion ≈ $2.35 Billion	+23.02%
2021-12-31	CN¥13.05 Billion ≈ $1.91 Billion	+31.51%
2020-12-31	CN¥9.93 Billion ≈ $1.45 Billion	+1.54%
2019-12-31	CN¥9.78 Billion ≈ $1.43 Billion	+6.69%
2018-12-31	CN¥9.16 Billion ≈ $1.34 Billion	+4.74%
2017-12-31	CN¥8.75 Billion ≈ $1.28 Billion	+7.76%
2016-12-31	CN¥8.12 Billion ≈ $1.19 Billion	-1.42%
2015-12-31	CN¥8.23 Billion ≈ $1.20 Billion	-9.42%
2014-12-31	CN¥9.09 Billion ≈ $1.33 Billion	+49.93%
2013-12-31	CN¥6.06 Billion ≈ $887.30 Million	+7.62%
2012-12-31	CN¥5.63 Billion ≈ $824.47 Million	+11.52%
2011-12-31	CN¥5.05 Billion ≈ $739.31 Million	+23.14%
2010-12-31	CN¥4.10 Billion ≈ $600.37 Million	+2.12%
2009-12-31	CN¥4.02 Billion ≈ $587.92 Million	+17.95%
2008-12-31	CN¥3.41 Billion ≈ $498.45 Million	+7.50%
2007-12-31	CN¥3.17 Billion ≈ $463.68 Million	+111.30%
2006-12-31	CN¥1.50 Billion ≈ $219.44 Million	+21.90%
2005-12-31	CN¥1.23 Billion ≈ $180.01 Million	+18.51%
2004-12-31	CN¥1.04 Billion ≈ $151.90 Million	+27.51%
2003-12-31	CN¥814.09 Million ≈ $119.13 Million	+28.92%
2002-12-31	CN¥631.47 Million ≈ $92.40 Million	+138.25%
2001-12-31	CN¥265.05 Million ≈ $38.78 Million	+14.13%
2000-12-31	CN¥232.24 Million ≈ $33.98 Million	+2.78%
1999-12-31	CN¥225.95 Million ≈ $33.06 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 209847.3% over the analyzed period, indicating profitable operations and earnings retention.

Xiamen Tungsten Co Ltd Net Assets Breakdown (December 2025)

Xiamen Tungsten Co Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	CN¥7.99 Billion	31.23%
Other Comprehensive Income	CN¥16.78 Billion	65.62%
Other Components	CN¥804.26 Million	3.14%
Total Equity	CN¥25.57 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
Match Group Inc NASDAQ:MTCH	$8.41 Billion
ALIB.HL.INF.TEC.UNSP.ADR F:TWYA	$8.42 Billion
360 Security Technology Inc SHG:601360	$8.42 Billion
Raytron Technology Co Ltd SHG:688002	$8.43 Billion
Keyera Corp. TO:KEY	$8.41 Billion
NIO INC. CL. A DL -00025 F:N3I	$8.41 Billion
Apogee Therapeutics, Inc. Common Stock NASDAQ:APGE	$8.40 Billion
Quebecor Inc TO:QBR-B	$8.40 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 2024 to 2025, total equity changed from 15,902,788,000 to 25,573,641,000, a change of 9,670,853,000 (60.8%).
Net income of 2,311,001,000 contributed positively to equity growth.
Dividend payments of 1,286,788,587 reduced retained earnings.
Other comprehensive income increased equity by 15,214,459,000.
Other factors decreased equity by 6,567,818,413.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥2.31 Billion	+9.04%
Dividends Paid	CN¥1.29 Billion	-5.03%
Other Comprehensive Income	CN¥15.21 Billion	+59.49%
Other Changes	CN¥-6.57 Billion	-25.68%
Total Change	CN¥-	60.81%

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: 2.25x
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 108.06x to 2.25x 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¥36.21	x
2000-12-31	CN¥0.35	CN¥36.21	x
2001-12-31	CN¥0.39	CN¥36.21	x
2002-12-31	CN¥1.05	CN¥36.21	x
2003-12-31	CN¥1.16	CN¥36.21	x
2004-12-31	CN¥1.36	CN¥36.21	x
2005-12-31	CN¥1.59	CN¥36.21	x
2006-12-31	CN¥1.00	CN¥36.21	x
2007-12-31	CN¥1.57	CN¥36.21	x
2008-12-31	CN¥1.71	CN¥36.21	x
2009-12-31	CN¥2.01	CN¥36.21	x
2010-12-31	CN¥2.22	CN¥36.21	x
2011-12-31	CN¥2.99	CN¥36.21	x
2012-12-31	CN¥3.35	CN¥36.21	x
2013-12-31	CN¥3.61	CN¥36.21	x
2014-12-31	CN¥6.45	CN¥36.21	x
2015-12-31	CN¥4.72	CN¥36.21	x
2016-12-31	CN¥4.61	CN¥36.21	x
2017-12-31	CN¥4.90	CN¥36.21	x
2018-12-31	CN¥5.15	CN¥36.21	x
2019-12-31	CN¥5.22	CN¥36.21	x
2020-12-31	CN¥5.42	CN¥36.21	x
2021-12-31	CN¥6.61	CN¥36.21	x
2022-12-31	CN¥7.11	CN¥36.21	x
2023-12-31	CN¥7.95	CN¥36.21	x
2024-12-31	CN¥11.13	CN¥36.21	x
2025-12-31	CN¥16.11	CN¥36.21	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): 9.04%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.97%
• Asset Turnover: 0.83x
• Equity Multiplier: 2.19x
Recent ROE (9.04%) is below the historical average (12.13%), 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	12.69%	3.70%	0.97x	3.54x	CN¥250.14 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
2025	9.04%	4.97%	0.83x	2.19x	CN¥-246.36 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: $3,636,660,143
Average return on equity (ROE) among peers: 10.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Xiamen Tungsten Co Ltd (600549)	CN¥28.37 Billion	16.29%	1.25x	$8.41 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060)	$7.09 Billion	6.10%	0.98x	$3.19 Billion
Inner Mongolia Xingye Mining Co Ltd (000426)	$5.37 Billion	4.59%	0.69x	$6.44 Billion
Shengda Mining Co Ltd (000603)	$3.15 Billion	13.40%	0.69x	$2.68 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629)	$7.94 Billion	16.71%	0.29x	$3.74 Billion
China Tungsten and Hightech Materials Co Ltd (000657)	$3.51 Billion	0.38%	0.90x	$12.89 Billion
Guocheng Mining Co Ltd (000688)	$-173.28 Million	0.00%	0.00x	$3.61 Billion
Huludao Zinc Industry Co Ltd (000751)	$2.65 Billion	3.66%	0.62x	$919.66 Million
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758)	$6.32 Billion	4.20%	2.02x	$1.69 Billion
Tibet Mineral Development Co Ltd (000762)	$439.04 Million	6.00%	0.49x	$1.46 Billion
Innuovo Technology Co Ltd Class A (000795)	$60.76 Million	49.80%	2.74x	$1.39 Billion

About Xiamen Tungsten Co Ltd

SHG:600549 China Other Industrial Metals & Mining

Market Cap

$8.41 Billion

CN¥57.49 Billion CNY

Market Cap Rank

#2448 Global

#249 in China

Share Price

CN¥36.21

Change (1 day)

-4.46%

52-Week Range

CN¥31.75 - CN¥94.50

All Time High

CN¥94.50