Henan Zhongfu Industrial Co Ltd (600595) - Net Assets
Based on the latest financial reports, Henan Zhongfu Industrial Co Ltd (600595) has net assets worth CN¥17.85 Billion CNY (≈ $2.61 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¥25.45 Billion ≈ $3.72 Billion USD) and total liabilities (CN¥7.59 Billion ≈ $1.11 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 balance sheet size of Henan Zhongfu Industrial Co Ltd for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥17.85 Billion |
| % of Total Assets | 70.15% |
| Annual Growth Rate | 20.4% |
| 5-Year Change | 47.12% |
| 10-Year Change | 191.4% |
| Growth Volatility | 54.31 |
Henan Zhongfu Industrial Co Ltd - Net Assets Trend (1999–2025)
This chart illustrates how Henan Zhongfu Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Henan Zhongfu Industrial Co Ltd (600595) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Henan Zhongfu Industrial Co Ltd (1999–2025)
The table below shows the annual net assets of Henan Zhongfu Industrial Co Ltd from 1999 to 2025. For live valuation and market cap data, see 600595 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥17.08 Billion ≈ $2.50 Billion |
+5.84% |
| 2024-12-31 | CN¥16.14 Billion ≈ $2.36 Billion |
+6.54% |
| 2023-12-31 | CN¥15.15 Billion ≈ $2.22 Billion |
+5.09% |
| 2022-12-31 | CN¥14.42 Billion ≈ $2.11 Billion |
+24.15% |
| 2021-12-31 | CN¥11.61 Billion ≈ $1.70 Billion |
+10460.70% |
| 2020-12-31 | CN¥-112.08 Million ≈ $-16.40 Million |
-104.54% |
| 2019-12-31 | CN¥2.47 Billion ≈ $361.54 Million |
+1.50% |
| 2018-12-31 | CN¥2.43 Billion ≈ $356.21 Million |
-54.55% |
| 2017-12-31 | CN¥5.36 Billion ≈ $783.70 Million |
-8.65% |
| 2016-12-31 | CN¥5.86 Billion ≈ $857.91 Million |
+2.81% |
| 2015-12-31 | CN¥5.70 Billion ≈ $834.44 Million |
-7.53% |
| 2014-12-31 | CN¥6.17 Billion ≈ $902.38 Million |
-0.67% |
| 2013-12-31 | CN¥6.21 Billion ≈ $908.45 Million |
-10.68% |
| 2012-12-31 | CN¥6.95 Billion ≈ $1.02 Billion |
+1.52% |
| 2011-12-31 | CN¥6.85 Billion ≈ $1.00 Billion |
+119.60% |
| 2010-12-31 | CN¥3.12 Billion ≈ $456.21 Million |
+15.11% |
| 2009-12-31 | CN¥2.71 Billion ≈ $396.32 Million |
+12.46% |
| 2008-12-31 | CN¥2.41 Billion ≈ $352.40 Million |
+4.82% |
| 2007-12-31 | CN¥2.30 Billion ≈ $336.20 Million |
+104.90% |
| 2006-12-31 | CN¥1.12 Billion ≈ $164.08 Million |
+6.10% |
| 2005-12-31 | CN¥1.06 Billion ≈ $154.64 Million |
+14.55% |
| 2004-12-31 | CN¥922.56 Million ≈ $135.00 Million |
+27.36% |
| 2003-12-31 | CN¥724.39 Million ≈ $106.00 Million |
+11.44% |
| 2002-12-31 | CN¥650.05 Million ≈ $95.12 Million |
+194.45% |
| 2001-12-31 | CN¥220.77 Million ≈ $32.31 Million |
+23.43% |
| 2000-12-31 | CN¥178.87 Million ≈ $26.17 Million |
+30.78% |
| 1999-12-31 | CN¥136.77 Million ≈ $20.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Henan Zhongfu Industrial 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 1765.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥712.83 Million | 4.17% |
| Other Components | CN¥16.40 Billion | 95.83% |
| Total Equity | CN¥17.11 Billion | 100.00% |
Henan Zhongfu Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Zhongfu Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Energix Renewable Energies Ltd
TA:ENRG
|
$3.72 Billion |
|
F&G Annuities & Life Inc.
NYSE:FG
|
$3.72 Billion |
|
Guangdong Provincial Expressway Development Co Ltd
SHE:000429
|
$3.72 Billion |
|
Comstock Resources Inc
NYSE:CRK
|
$3.72 Billion |
|
Hamilton Lane Inc
NASDAQ:HLNE
|
$3.72 Billion |
|
Downer Edi Ltd
AU:DOW
|
$3.72 Billion |
|
Beijing Tiantan Biological Products Corp Ltd
SHG:600161
|
$3.72 Billion |
|
Shanxi Coal International Energy Group Co Ltd
SHG:600546
|
$3.71 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Zhongfu Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,620,477,405 to 17,112,369,344, a change of 2,491,891,939 (17.0%).
- Net income of 1,617,293,286 contributed positively to equity growth.
- Dividend payments of 317,762,002 reduced retained earnings.
- Other comprehensive income decreased equity by 416,794,464.
- Other factors increased equity by 1,609,155,120.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.62 Billion | +9.45% |
| Dividends Paid | CN¥317.76 Million | -1.86% |
| Other Comprehensive Income | CN¥-416.79 Million | -2.44% |
| Other Changes | CN¥1.61 Billion | +9.4% |
| Total Change | CN¥- | 17.04% |
Book Value vs Market Value Analysis
This analysis compares Henan Zhongfu Industrial 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: 1.48x
- 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 42.52x to 1.48x 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¥0.15 | CN¥6.34 | x |
| 2000-12-31 | CN¥0.19 | CN¥6.34 | x |
| 2001-12-31 | CN¥0.24 | CN¥6.34 | x |
| 2002-12-31 | CN¥0.71 | CN¥6.34 | x |
| 2003-12-31 | CN¥0.79 | CN¥6.34 | x |
| 2004-12-31 | CN¥0.87 | CN¥6.34 | x |
| 2005-12-31 | CN¥0.92 | CN¥6.34 | x |
| 2006-12-31 | CN¥0.56 | CN¥6.34 | x |
| 2007-12-31 | CN¥0.89 | CN¥6.34 | x |
| 2008-12-31 | CN¥0.90 | CN¥6.34 | x |
| 2009-12-31 | CN¥1.00 | CN¥6.34 | x |
| 2010-12-31 | CN¥1.06 | CN¥6.34 | x |
| 2011-12-31 | CN¥1.71 | CN¥6.34 | x |
| 2012-12-31 | CN¥3.69 | CN¥6.34 | x |
| 2013-12-31 | CN¥3.51 | CN¥6.34 | x |
| 2014-12-31 | CN¥2.57 | CN¥6.34 | x |
| 2015-12-31 | CN¥2.73 | CN¥6.34 | x |
| 2016-12-31 | CN¥2.49 | CN¥6.34 | x |
| 2017-12-31 | CN¥2.68 | CN¥6.34 | x |
| 2018-12-31 | CN¥1.70 | CN¥6.34 | x |
| 2019-12-31 | CN¥1.63 | CN¥6.34 | x |
| 2020-12-31 | CN¥0.83 | CN¥6.34 | x |
| 2021-12-31 | CN¥3.72 | CN¥6.34 | x |
| 2022-12-31 | CN¥3.12 | CN¥6.34 | x |
| 2023-12-31 | CN¥3.42 | CN¥6.34 | x |
| 2024-12-31 | CN¥3.74 | CN¥6.34 | x |
| 2025-12-31 | CN¥4.27 | CN¥6.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Zhongfu Industrial 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): 9.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.01%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 1.41x
- Recent ROE (9.45%) is above the historical average (-0.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 13.86% | 8.81% | 0.36x | 4.35x | CN¥5.28 Million |
| 2000 | 17.06% | 6.71% | 0.79x | 3.22x | CN¥12.63 Million |
| 2001 | 18.98% | 8.00% | 0.86x | 2.75x | CN¥19.82 Million |
| 2002 | 8.53% | 9.59% | 0.50x | 1.76x | CN¥-9.53 Million |
| 2003 | 10.26% | 10.60% | 0.32x | 3.01x | CN¥1.90 Million |
| 2004 | 9.95% | 4.24% | 0.52x | 4.53x | CN¥-391.89K |
| 2005 | 6.46% | 2.26% | 0.64x | 4.45x | CN¥-29.98 Million |
| 2006 | 17.23% | 5.96% | 0.84x | 3.43x | CN¥74.08 Million |
| 2007 | 24.72% | 10.72% | 0.94x | 2.45x | CN¥326.46 Million |
| 2008 | 8.29% | 3.01% | 0.79x | 3.47x | CN¥-40.10 Million |
| 2009 | 11.70% | 4.85% | 0.60x | 4.03x | CN¥45.06 Million |
| 2010 | 7.80% | 2.05% | 0.79x | 4.84x | CN¥-62.50 Million |
| 2011 | 3.79% | 1.53% | 0.58x | 4.31x | CN¥-329.70 Million |
| 2012 | 1.08% | 0.53% | 0.43x | 4.78x | CN¥-478.43 Million |
| 2013 | -15.67% | -7.95% | 0.40x | 4.92x | CN¥-1.39 Billion |
| 2014 | 0.78% | 0.44% | 0.38x | 4.60x | CN¥-505.05 Million |
| 2015 | -9.15% | -4.49% | 0.39x | 5.25x | CN¥-911.97 Million |
| 2016 | 1.20% | 0.42% | 0.53x | 5.46x | CN¥-424.32 Million |
| 2017 | -4.11% | -1.64% | 0.45x | 5.55x | CN¥-650.23 Million |
| 2018 | -77.07% | -21.65% | 0.51x | 6.94x | CN¥-2.87 Billion |
| 2019 | 3.06% | 1.89% | 0.25x | 6.57x | CN¥-236.19 Million |
| 2020 | -109.07% | -21.80% | 0.40x | 12.39x | CN¥-1.95 Billion |
| 2021 | 7.25% | 4.29% | 0.70x | 2.41x | CN¥-248.88 Million |
| 2022 | 8.67% | 5.99% | 0.72x | 2.00x | CN¥-161.64 Million |
| 2023 | 8.47% | 6.17% | 0.81x | 1.69x | CN¥-208.80 Million |
| 2024 | 4.81% | 3.09% | 0.94x | 1.65x | CN¥-758.36 Million |
| 2025 | 9.45% | 7.01% | 0.96x | 1.41x | CN¥-93.94 Million |
Industry Comparison
This section compares Henan Zhongfu Industrial Co Ltd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $2,594,581,095
- Average return on equity (ROE) among peers: 5.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Zhongfu Industrial Co Ltd (600595) | CN¥17.85 Billion | 13.86% | 0.43x | $3.72 Billion |
| Jiaozuo Wanfang Aluminum (000612) | $852.97 Million | -14.28% | 2.30x | $1.87 Billion |
| Yunnan Aluminium Co Ltd (000807) | $1.49 Billion | 11.04% | 1.34x | $13.20 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $2.41 Billion | 16.56% | 2.67x | $8.29 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $404.67 Million | 11.33% | 0.70x | $872.93 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $3.28 Billion | 5.20% | 0.99x | $539.53 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $1.83 Billion | 18.01% | 1.48x | $1.58 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.26 Billion | 6.91% | 0.11x | $460.23 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $231.13 Million | 13.94% | 4.43x | $35.85 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $1.66 Billion | -27.05% | 0.38x | $644.15 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $12.53 Billion | 11.98% | 2.27x | $8.47 Billion |
About Henan Zhongfu Industrial Co Ltd
Henan Zhongfu Industrial Co.,Ltd processes, manufactures, and sells electrolytic aluminum and aluminum products in China. The company offers carbon series products; industrial investment, investment management, enterprise management consulting, and coal mine investment services; and new product and new material technology research, achievement transfer, process design, and related technical consu… Read more