Anhui Conch Cement Co Ltd (600585) - Net Assets
Based on the latest financial reports, Anhui Conch Cement Co Ltd (600585) has net assets worth CN¥202.77 Billion CNY (≈ $29.67 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥255.34 Billion ≈ $37.36 Billion USD) and total liabilities (CN¥52.57 Billion ≈ $7.69 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. Check Anhui Conch Cement Co Ltd (600585) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥202.77 Billion |
| % of Total Assets | 79.41% |
| Annual Growth Rate | 19.62% |
| 5-Year Change | 19.12% |
| 10-Year Change | 171.1% |
| Growth Volatility | 22.68 |
Anhui Conch Cement Co Ltd - Net Assets Trend (1999–2024)
This chart illustrates how Anhui Conch Cement Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600585 total assets for the complete picture of this company's asset base.
Annual Net Assets for Anhui Conch Cement Co Ltd (1999–2024)
The table below shows the annual net assets of Anhui Conch Cement Co Ltd from 1999 to 2024. For live valuation and market cap data, see market value of Anhui Conch Cement Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥200.38 Billion ≈ $29.32 Billion |
+1.22% |
| 2023-12-31 | CN¥197.97 Billion ≈ $28.97 Billion |
+1.01% |
| 2022-12-31 | CN¥195.99 Billion ≈ $28.68 Billion |
+2.17% |
| 2021-12-31 | CN¥191.83 Billion ≈ $28.07 Billion |
+14.04% |
| 2020-12-31 | CN¥168.22 Billion ≈ $24.62 Billion |
+18.20% |
| 2019-12-31 | CN¥142.32 Billion ≈ $20.83 Billion |
+22.25% |
| 2018-12-31 | CN¥116.42 Billion ≈ $17.04 Billion |
+26.59% |
| 2017-12-31 | CN¥91.96 Billion ≈ $13.46 Billion |
+14.53% |
| 2016-12-31 | CN¥80.30 Billion ≈ $11.75 Billion |
+8.64% |
| 2015-12-31 | CN¥73.91 Billion ≈ $10.82 Billion |
+6.18% |
| 2014-12-31 | CN¥69.61 Billion ≈ $10.19 Billion |
+18.46% |
| 2013-12-31 | CN¥58.77 Billion ≈ $8.60 Billion |
+14.83% |
| 2012-12-31 | CN¥51.18 Billion ≈ $7.49 Billion |
+9.25% |
| 2011-12-31 | CN¥46.84 Billion ≈ $6.85 Billion |
+31.46% |
| 2010-12-31 | CN¥35.63 Billion ≈ $5.21 Billion |
+21.60% |
| 2009-12-31 | CN¥29.30 Billion ≈ $4.29 Billion |
+15.97% |
| 2008-12-31 | CN¥25.27 Billion ≈ $3.70 Billion |
+118.81% |
| 2007-12-31 | CN¥11.55 Billion ≈ $1.69 Billion |
+35.23% |
| 2006-12-31 | CN¥8.54 Billion ≈ $1.25 Billion |
+24.59% |
| 2005-12-31 | CN¥6.85 Billion ≈ $1.00 Billion |
+3.25% |
| 2004-12-31 | CN¥6.64 Billion ≈ $971.42 Million |
+16.39% |
| 2003-12-31 | CN¥5.70 Billion ≈ $834.65 Million |
+41.65% |
| 2002-12-31 | CN¥4.03 Billion ≈ $589.24 Million |
+32.89% |
| 2001-12-31 | CN¥3.03 Billion ≈ $443.42 Million |
+24.62% |
| 2000-12-31 | CN¥2.43 Billion ≈ $355.82 Million |
+6.94% |
| 1999-12-31 | CN¥2.27 Billion ≈ $332.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Anhui Conch Cement 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 272358.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥171.64 Billion | 91.33% |
| Common Stock | CN¥5.30 Billion | 2.82% |
| Other Comprehensive Income | CN¥1.32 Billion | 0.70% |
| Other Components | CN¥9.67 Billion | 5.15% |
| Total Equity | CN¥187.94 Billion | 100.00% |
Anhui Conch Cement Co Ltd Competitors by Market Cap
The table below lists competitors of Anhui Conch Cement Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
GD Power Development Co Ltd
SHG:600795
|
$12.37 Billion |
|
AKESO INC. O.N.
F:4RY
|
$12.38 Billion |
|
Nova Ltd
TA:NVMI
|
$12.39 Billion |
|
Uni-President Enterprises Corp
TW:1216
|
$12.41 Billion |
|
Julius Baer Gruppe AG
SW:BAER
|
$12.36 Billion |
|
Bajaj Holdings & Investment Limited
NSE:BAJAJHLDNG
|
$12.36 Billion |
|
Globus Medical
NYSE:GMED
|
$12.35 Billion |
|
Kuang Chi Technologies Co Ltd
SHE:002625
|
$12.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anhui Conch Cement Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 185,321,082,984 to 187,940,359,000, a change of 2,619,276,016 (1.4%).
- Net income of 7,696,118,000 contributed positively to equity growth.
- Dividend payments of 5,949,570,000 reduced retained earnings.
- Share repurchases of 161,428,000 reduced equity.
- Other comprehensive income increased equity by 1,321,698,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.70 Billion | +4.09% |
| Dividends Paid | CN¥5.95 Billion | -3.17% |
| Share Repurchases | CN¥161.43 Million | -0.09% |
| Other Comprehensive Income | CN¥1.32 Billion | +0.7% |
| Other Changes | CN¥-287.54 Million | -0.15% |
| Total Change | CN¥- | 1.41% |
Book Value vs Market Value Analysis
This analysis compares Anhui Conch Cement 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: 0.57x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 41.54x to 0.57x 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¥0.51 | CN¥21.13 | x |
| 2000-12-31 | CN¥0.53 | CN¥21.13 | x |
| 2001-12-31 | CN¥0.58 | CN¥21.13 | x |
| 2002-12-31 | CN¥0.84 | CN¥21.13 | x |
| 2003-12-31 | CN¥1.20 | CN¥21.13 | x |
| 2004-12-31 | CN¥1.43 | CN¥21.13 | x |
| 2005-12-31 | CN¥1.49 | CN¥21.13 | x |
| 2006-12-31 | CN¥1.84 | CN¥21.13 | x |
| 2007-12-31 | CN¥2.52 | CN¥21.13 | x |
| 2008-12-31 | CN¥4.91 | CN¥21.13 | x |
| 2009-12-31 | CN¥5.41 | CN¥21.13 | x |
| 2010-12-31 | CN¥6.58 | CN¥21.13 | x |
| 2011-12-31 | CN¥8.47 | CN¥21.13 | x |
| 2012-12-31 | CN¥9.23 | CN¥21.13 | x |
| 2013-12-31 | CN¥10.59 | CN¥21.13 | x |
| 2014-12-31 | CN¥12.47 | CN¥21.13 | x |
| 2015-12-31 | CN¥13.32 | CN¥21.13 | x |
| 2016-12-31 | CN¥14.46 | CN¥21.13 | x |
| 2017-12-31 | CN¥16.86 | CN¥21.13 | x |
| 2018-12-31 | CN¥21.28 | CN¥21.13 | x |
| 2019-12-31 | CN¥25.92 | CN¥21.13 | x |
| 2020-12-31 | CN¥30.54 | CN¥21.13 | x |
| 2021-12-31 | CN¥34.66 | CN¥21.13 | x |
| 2022-12-31 | CN¥36.00 | CN¥21.13 | x |
| 2023-12-31 | CN¥36.33 | CN¥21.13 | x |
| 2024-12-31 | CN¥36.84 | CN¥21.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anhui Conch Cement 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): 4.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.45%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.35x
- Recent ROE (4.09%) is below the historical average (14.29%), 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 | 3.01% | 5.45% | 0.25x | 2.22x | CN¥-136.15 Million |
| 2000 | 5.60% | 9.19% | 0.28x | 2.19x | CN¥-89.40 Million |
| 2001 | 9.17% | 9.85% | 0.34x | 2.75x | CN¥-18.33 Million |
| 2002 | 8.19% | 8.79% | 0.34x | 2.76x | CN¥-58.31 Million |
| 2003 | 16.13% | 12.99% | 0.43x | 2.91x | CN¥281.19 Million |
| 2004 | 18.45% | 12.03% | 0.52x | 2.94x | CN¥462.10 Million |
| 2005 | 7.12% | 3.76% | 0.56x | 3.37x | CN¥-164.25 Million |
| 2006 | 20.25% | 8.87% | 0.72x | 3.16x | CN¥722.76 Million |
| 2007 | 22.51% | 13.28% | 0.60x | 2.80x | CN¥1.39 Billion |
| 2008 | 10.51% | 10.76% | 0.57x | 1.72x | CN¥127.35 Million |
| 2009 | 12.32% | 14.25% | 0.53x | 1.64x | CN¥668.40 Million |
| 2010 | 17.63% | 17.88% | 0.57x | 1.73x | CN¥2.67 Billion |
| 2011 | 25.85% | 23.96% | 0.58x | 1.87x | CN¥7.11 Billion |
| 2012 | 12.90% | 13.78% | 0.52x | 1.79x | CN¥1.42 Billion |
| 2013 | 16.72% | 16.97% | 0.59x | 1.66x | CN¥3.77 Billion |
| 2014 | 16.60% | 18.09% | 0.59x | 1.54x | CN¥4.37 Billion |
| 2015 | 10.66% | 14.74% | 0.48x | 1.50x | CN¥467.20 Million |
| 2016 | 11.13% | 15.25% | 0.51x | 1.43x | CN¥869.02 Million |
| 2017 | 17.73% | 21.05% | 0.62x | 1.37x | CN¥6.91 Billion |
| 2018 | 26.46% | 23.22% | 0.86x | 1.33x | CN¥18.55 Billion |
| 2019 | 24.46% | 21.39% | 0.88x | 1.30x | CN¥19.86 Billion |
| 2020 | 21.73% | 19.94% | 0.88x | 1.24x | CN¥18.98 Billion |
| 2021 | 18.11% | 19.81% | 0.73x | 1.25x | CN¥14.90 Billion |
| 2022 | 8.64% | 12.01% | 0.54x | 1.33x | CN¥-2.50 Billion |
| 2023 | 5.63% | 7.39% | 0.57x | 1.33x | CN¥-8.10 Billion |
| 2024 | 4.09% | 8.45% | 0.36x | 1.35x | CN¥-11.10 Billion |
Industry Comparison
This section compares Anhui Conch Cement Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,087,285,398
- Average return on equity (ROE) among peers: 42.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anhui Conch Cement Co Ltd (600585) | CN¥202.77 Billion | 3.01% | 0.26x | $12.37 Billion |
| CSG Holding Co Ltd (000012) | $1.88 Billion | 8.04% | 0.44x | $1.16 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $1.58 Billion | 7.27% | 0.80x | $1.66 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $6.69 Million | 454.86% | 19.68x | $1.99 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $733.27 Million | 4.14% | 0.42x | $578.76 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $1.26 Billion | 5.35% | 2.49x | $4.83 Billion |
| Sinostone Guangdong Co Ltd (001212) | $524.40 Million | 20.73% | 0.22x | $1.64 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $864.92 Million | 2.92% | 2.92x | $801.95 Million |
| Guangdong Tapai Group Co Ltd (002233) | $1.94 Billion | 11.11% | 1.18x | $1.47 Billion |
| China West Construction Group Co Ltd (002302) | $955.12 Million | 8.30% | 0.52x | $1.03 Billion |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $1.13 Billion | -99.98% | 1.45x | $481.37 Million |
About Anhui Conch Cement Co Ltd
Anhui Conch Cement Company Limited, together with its subsidiaries, manufactures, sells, and trades in clinker and cement products in China and internationally. The company provides construction and installation services for industrial purposes; logistic transportation agency and warehouse logistics services; financial supporting services; road freight transport; and mining and related services. … Read more