Shinva Medical Instrument Co Ltd (600587) - Net Assets

Latest as of September 2025: CN¥8.16 Billion CNY ≈ $1.19 Billion USD

Based on the latest financial reports, Shinva Medical Instrument Co Ltd (600587) has net assets worth CN¥8.16 Billion CNY (≈ $1.19 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¥15.08 Billion ≈ $2.21 Billion USD) and total liabilities (CN¥6.91 Billion ≈ $1.01 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 600587 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥8.16 Billion
% of Total Assets	54.15%
Annual Growth Rate	21.78%
5-Year Change	64.32%
10-Year Change	101.21%
Growth Volatility	46.33

Shinva Medical Instrument Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Shinva Medical Instrument Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shinva Medical Instrument Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Shinva Medical Instrument Co Ltd (1999–2024)

The table below shows the annual net assets of Shinva Medical Instrument Co Ltd from 1999 to 2024. For live valuation and market cap data, see Shinva Medical Instrument Co Ltd (600587) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥7.98 Billion ≈ $1.17 Billion	+3.40%
2023-12-31	CN¥7.72 Billion ≈ $1.13 Billion	+33.35%
2022-12-31	CN¥5.79 Billion ≈ $847.16 Million	+9.89%
2021-12-31	CN¥5.27 Billion ≈ $770.94 Million	+8.45%
2020-12-31	CN¥4.86 Billion ≈ $710.89 Million	+3.52%
2019-12-31	CN¥4.69 Billion ≈ $686.71 Million	+12.76%
2018-12-31	CN¥4.16 Billion ≈ $608.98 Million	+0.88%
2017-12-31	CN¥4.13 Billion ≈ $603.67 Million	+2.67%
2016-12-31	CN¥4.02 Billion ≈ $587.98 Million	+1.28%
2015-12-31	CN¥3.97 Billion ≈ $580.54 Million	+14.88%
2014-12-31	CN¥3.45 Billion ≈ $505.36 Million	+26.84%
2013-12-31	CN¥2.72 Billion ≈ $398.43 Million	+67.57%
2012-12-31	CN¥1.62 Billion ≈ $237.76 Million	+86.51%
2011-12-31	CN¥871.17 Million ≈ $127.48 Million	+12.11%
2010-12-31	CN¥777.06 Million ≈ $113.71 Million	+9.43%
2009-12-31	CN¥710.12 Million ≈ $103.91 Million	+8.23%
2008-12-31	CN¥656.12 Million ≈ $96.01 Million	+4.46%
2007-12-31	CN¥628.10 Million ≈ $91.91 Million	+71.76%
2006-12-31	CN¥365.69 Million ≈ $53.51 Million	+6.00%
2005-12-31	CN¥344.98 Million ≈ $50.48 Million	+4.99%
2004-12-31	CN¥328.57 Million ≈ $48.08 Million	-1.62%
2003-12-31	CN¥333.97 Million ≈ $48.87 Million	+13.51%
2002-12-31	CN¥294.23 Million ≈ $43.05 Million	+224.58%
2001-12-31	CN¥90.65 Million ≈ $13.26 Million	+30.07%
2000-12-31	CN¥69.69 Million ≈ $10.20 Million	+20.34%
1999-12-31	CN¥57.91 Million ≈ $8.47 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shinva Medical Instrument 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 54892.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥3.92 Billion	51.65%
Common Stock	CN¥606.68 Million	7.99%
Other Components	CN¥3.07 Billion	40.36%
Total Equity	CN¥7.60 Billion	100.00%

Shinva Medical Instrument Co Ltd Competitors by Market Cap

The table below lists competitors of Shinva Medical Instrument Co Ltd ranked by their market capitalization.

Company	Market Cap
Tianjin Ringpu Bio Tech SHE:300119	$1.22 Billion
Xinzhi Motor Co Ltd SHE:002664	$1.22 Billion
KCE Electronics Public Company Limited BK:KCE	$1.22 Billion
Jiangsu Hengshun Vinegar-Industry Co Ltd SHG:600305	$1.22 Billion
LX International Corp KO:001120	$1.22 Billion
Hertz Global Holdings Inc NASDAQ:HTZ	$1.22 Billion
S&S TECH Corporation KQ:101490	$1.22 Billion
Zhejiang Truelove Vogue Co Ltd SHE:003041	$1.21 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,318,625,200 to 7,597,127,229, a change of 278,502,029 (3.8%).
Net income of 691,609,561 contributed positively to equity growth.
Dividend payments of 329,034,516 reduced retained earnings.
Share repurchases of 75,070 reduced equity.
Other factors decreased equity by 83,997,946.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥691.61 Million	+9.1%
Dividends Paid	CN¥329.03 Million	-4.33%
Share Repurchases	CN¥75.07K	-0.0%
Other Changes	CN¥-84.00 Million	-1.11%
Total Change	CN¥-	3.81%

Book Value vs Market Value Analysis

This analysis compares Shinva Medical Instrument 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: 1.09x
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 51.39x to 1.09x 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¥0.27	CN¥13.69	x
2000-12-31	CN¥0.32	CN¥13.69	x
2001-12-31	CN¥0.42	CN¥13.69	x
2002-12-31	CN¥1.35	CN¥13.69	x
2003-12-31	CN¥1.47	CN¥13.69	x
2004-12-31	CN¥1.33	CN¥13.69	x
2005-12-31	CN¥1.40	CN¥13.69	x
2006-12-31	CN¥1.71	CN¥13.69	x
2007-12-31	CN¥2.11	CN¥13.69	x
2008-12-31	CN¥2.03	CN¥13.69	x
2009-12-31	CN¥2.19	CN¥13.69	x
2010-12-31	CN¥2.33	CN¥13.69	x
2011-12-31	CN¥2.65	CN¥13.69	x
2012-12-31	CN¥4.44	CN¥13.69	x
2013-12-31	CN¥6.67	CN¥13.69	x
2014-12-31	CN¥7.32	CN¥13.69	x
2015-12-31	CN¥7.95	CN¥13.69	x
2016-12-31	CN¥8.45	CN¥13.69	x
2017-12-31	CN¥8.05	CN¥13.69	x
2018-12-31	CN¥8.70	CN¥13.69	x
2019-12-31	CN¥10.28	CN¥13.69	x
2020-12-31	CN¥10.79	CN¥13.69	x
2021-12-31	CN¥12.09	CN¥13.69	x
2022-12-31	CN¥13.27	CN¥13.69	x
2023-12-31	CN¥12.31	CN¥13.69	x
2024-12-31	CN¥12.52	CN¥13.69	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shinva Medical Instrument 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): 9.10%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.90%
• Asset Turnover: 0.65x
• Equity Multiplier: 2.04x
Recent ROE (9.10%) is above the historical average (8.23%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	14.14%	11.21%	0.63x	2.01x	CN¥2.40 Million
2000	16.86%	8.92%	0.73x	2.60x	CN¥4.78 Million
2001	20.57%	10.36%	0.64x	3.12x	CN¥9.58 Million
2002	7.26%	8.56%	0.47x	1.80x	CN¥-8.06 Million
2003	7.55%	8.74%	0.47x	1.82x	CN¥-7.80 Million
2004	-9.94%	-9.62%	0.41x	2.49x	CN¥-57.79 Million
2005	4.95%	3.64%	0.54x	2.53x	CN¥-15.42 Million
2006	6.57%	4.40%	0.57x	2.60x	CN¥-11.09 Million
2007	3.83%	4.24%	0.52x	1.73x	CN¥-36.10 Million
2008	4.86%	4.56%	0.65x	1.65x	CN¥-31.65 Million
2009	6.35%	4.66%	0.86x	1.59x	CN¥-23.68 Million
2010	8.66%	4.50%	0.90x	2.14x	CN¥-9.35 Million
2011	13.59%	5.09%	1.08x	2.47x	CN¥28.36 Million
2012	11.05%	5.38%	0.90x	2.29x	CN¥15.48 Million
2013	9.60%	5.52%	0.78x	2.23x	CN¥-9.63 Million
2014	11.20%	5.20%	0.78x	2.77x	CN¥35.02 Million
2015	8.68%	3.72%	0.77x	3.03x	CN¥-42.88 Million
2016	1.07%	0.41%	0.74x	3.50x	CN¥-290.51 Million
2017	1.99%	0.66%	0.80x	3.77x	CN¥-264.30 Million
2018	0.69%	0.22%	0.83x	3.75x	CN¥-307.74 Million
2019	20.61%	9.82%	0.76x	2.78x	CN¥443.38 Million
2020	5.34%	2.56%	0.79x	2.64x	CN¥-204.32 Million
2021	11.32%	5.87%	0.82x	2.36x	CN¥65.02 Million
2022	9.27%	5.39%	0.72x	2.40x	CN¥-39.24 Million
2023	8.94%	6.53%	0.64x	2.13x	CN¥-77.87 Million
2024	9.10%	6.90%	0.65x	2.04x	CN¥-68.10 Million

Industry Comparison

This section compares Shinva Medical Instrument Co Ltd's net assets metrics with peer companies in the Medical Devices industry.

Industry Context

Industry: Medical Devices
Average net assets among peers: $2,964,235,365
Average return on equity (ROE) among peers: 8.35%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shinva Medical Instrument Co Ltd (600587)	CN¥8.16 Billion	14.14%	0.85x	$1.22 Billion
Shanghai Kehua Bio-Engineering Co Ltd (002022)	$1.03 Billion	22.10%	0.17x	$449.34 Million
Jiangsu Yuyue Medical Equipment & Supply Co Ltd (002223)	$10.07 Billion	15.85%	0.50x	$4.35 Billion
Double Medical Technology Inc (002901)	$3.18 Billion	11.21%	0.39x	$2.60 Billion
Wuhan Easy Diagnosis Biomedicine Co Ltd Class A (002932)	$615.62 Million	6.75%	0.04x	$571.62 Million
Lepu Medical Tech Beijing (300003)	$6.58 Billion	18.53%	1.30x	$3.90 Billion
INKON Life Technology Co Ltd (300143)	$1.48 Billion	0.71%	0.25x	$1.25 Billion
Edan Instruments Inc (300206)	$1.16 Billion	1.16%	0.17x	$1.28 Billion
Guangdong Biolight Meditech Co Ltd (300246)	$1.50 Billion	1.47%	0.62x	$696.90 Million
Beijing Leadman Biochemistry Co Ltd (300289)	$1.38 Billion	-3.70%	0.18x	$533.36 Million
Sinocare Inc (300298)	$2.65 Billion	9.46%	0.24x	$1.35 Billion

About Shinva Medical Instrument Co Ltd

SHG:600587 China Medical Devices

Market Cap

$1.22 Billion

CN¥8.30 Billion CNY

Market Cap Rank

#8333 Global

#2150 in China

Share Price

CN¥13.69

Change (1 day)

-0.44%

52-Week Range

CN¥13.59 - CN¥18.14

All Time High

CN¥38.58