Fujian Cement Inc (600802) - Net Assets
Based on the latest financial reports, Fujian Cement Inc (600802) has net assets worth CN¥1.06 Billion CNY (≈ $155.49 Million 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¥3.62 Billion ≈ $529.84 Million USD) and total liabilities (CN¥2.56 Billion ≈ $374.35 Million 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 Fujian Cement Inc asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.06 Billion |
| % of Total Assets | 29.35% |
| Annual Growth Rate | 3.3% |
| 5-Year Change | -39.6% |
| 10-Year Change | -31.63% |
| Growth Volatility | 38.45 |
Fujian Cement Inc - Net Assets Trend (1993–2024)
This chart illustrates how Fujian Cement Inc's net assets have evolved over time, based on quarterly financial data. Also explore Fujian Cement Inc asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Fujian Cement Inc (1993–2024)
The table below shows the annual net assets of Fujian Cement Inc from 1993 to 2024. For live valuation and market cap data, see market cap of Fujian Cement Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.08 Billion ≈ $158.22 Million |
-12.39% |
| 2023-12-31 | CN¥1.23 Billion ≈ $180.59 Million |
-25.66% |
| 2022-12-31 | CN¥1.66 Billion ≈ $242.93 Million |
-19.97% |
| 2021-12-31 | CN¥2.07 Billion ≈ $303.53 Million |
+15.87% |
| 2020-12-31 | CN¥1.79 Billion ≈ $261.95 Million |
+19.33% |
| 2019-12-31 | CN¥1.50 Billion ≈ $219.52 Million |
+8.61% |
| 2018-12-31 | CN¥1.38 Billion ≈ $202.12 Million |
+30.90% |
| 2017-12-31 | CN¥1.06 Billion ≈ $154.41 Million |
-18.19% |
| 2016-12-31 | CN¥1.29 Billion ≈ $188.73 Million |
-18.44% |
| 2015-12-31 | CN¥1.58 Billion ≈ $231.41 Million |
-25.51% |
| 2014-12-31 | CN¥2.12 Billion ≈ $310.67 Million |
+18.19% |
| 2013-12-31 | CN¥1.80 Billion ≈ $262.85 Million |
-4.75% |
| 2012-12-31 | CN¥1.89 Billion ≈ $275.95 Million |
+36.47% |
| 2011-12-31 | CN¥1.38 Billion ≈ $202.20 Million |
+23.73% |
| 2010-12-31 | CN¥1.12 Billion ≈ $163.42 Million |
-23.88% |
| 2009-12-31 | CN¥1.47 Billion ≈ $214.70 Million |
+42.24% |
| 2008-12-31 | CN¥1.03 Billion ≈ $150.94 Million |
-46.67% |
| 2007-12-31 | CN¥1.93 Billion ≈ $283.05 Million |
+184.71% |
| 2006-12-31 | CN¥679.40 Million ≈ $99.42 Million |
+1.43% |
| 2005-12-31 | CN¥669.80 Million ≈ $98.01 Million |
+7.38% |
| 2004-12-31 | CN¥623.77 Million ≈ $91.28 Million |
+1.89% |
| 2003-12-31 | CN¥612.21 Million ≈ $89.59 Million |
+14.15% |
| 2002-12-31 | CN¥536.34 Million ≈ $78.48 Million |
-23.70% |
| 2001-12-31 | CN¥702.92 Million ≈ $102.86 Million |
-19.10% |
| 2000-12-31 | CN¥868.84 Million ≈ $127.14 Million |
+25.91% |
| 1999-12-31 | CN¥690.03 Million ≈ $100.97 Million |
+5.19% |
| 1998-12-31 | CN¥655.99 Million ≈ $95.99 Million |
+22.69% |
| 1997-12-31 | CN¥534.69 Million ≈ $78.24 Million |
+10.25% |
| 1996-12-31 | CN¥484.97 Million ≈ $70.97 Million |
+17.27% |
| 1995-12-31 | CN¥413.56 Million ≈ $60.52 Million |
+2.63% |
| 1994-12-31 | CN¥402.97 Million ≈ $58.97 Million |
+1.86% |
| 1993-12-31 | CN¥395.62 Million ≈ $57.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Cement Inc'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 decreased by 182.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥458.25 Million | 41.83% |
| Other Components | CN¥707.60 Million | 64.60% |
| Total Equity | CN¥1.10 Billion | 100.00% |
Fujian Cement Inc Competitors by Market Cap
The table below lists competitors of Fujian Cement Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DI Dong Il Corp
KO:001530
|
$385.68 Million |
|
Reckitt Benckiser Group PLC
LSE:RKT
|
$385.77 Million |
|
Shinhsiung Natural Gas
TWO:8908
|
$385.80 Million |
|
MeguREIT Israel
TA:MGRT
|
$385.88 Million |
|
Rajesh Exports Limited
NSE:RAJESHEXPO
|
$385.54 Million |
|
Zhejiang Canaan Technology Co Ltd
SHE:300412
|
$385.31 Million |
|
Airnet Technology Inc
NASDAQ:ANTE
|
$385.29 Million |
|
Alvarium Tiedemann Holdings Inc.
NASDAQ:ALTI
|
$385.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Cement Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,188,189,814 to 1,095,409,464, a change of -92,780,350 (-7.8%).
- Net loss of 167,231,389 reduced equity.
- Dividend payments of 58,671,799 reduced retained earnings.
- Other factors increased equity by 133,122,838.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-167.23 Million | -15.27% |
| Dividends Paid | CN¥58.67 Million | -5.36% |
| Other Changes | CN¥133.12 Million | +12.15% |
| Total Change | CN¥- | -7.81% |
Book Value vs Market Value Analysis
This analysis compares Fujian Cement Inc'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: 2.41x
- 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 5.60x to 2.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥1.03 | CN¥5.75 | x |
| 1994-12-31 | CN¥1.05 | CN¥5.75 | x |
| 1995-12-31 | CN¥1.05 | CN¥5.75 | x |
| 1996-12-31 | CN¥1.24 | CN¥5.75 | x |
| 1997-12-31 | CN¥1.37 | CN¥5.75 | x |
| 1998-12-31 | CN¥1.69 | CN¥5.75 | x |
| 1999-12-31 | CN¥1.78 | CN¥5.75 | x |
| 2000-12-31 | CN¥2.25 | CN¥5.75 | x |
| 2001-12-31 | CN¥1.84 | CN¥5.75 | x |
| 2002-12-31 | CN¥1.40 | CN¥5.75 | x |
| 2003-12-31 | CN¥1.50 | CN¥5.75 | x |
| 2004-12-31 | CN¥1.59 | CN¥5.75 | x |
| 2005-12-31 | CN¥1.70 | CN¥5.75 | x |
| 2006-12-31 | CN¥1.46 | CN¥5.75 | x |
| 2007-12-31 | CN¥4.21 | CN¥5.75 | x |
| 2008-12-31 | CN¥2.21 | CN¥5.75 | x |
| 2009-12-31 | CN¥3.19 | CN¥5.75 | x |
| 2010-12-31 | CN¥2.27 | CN¥5.75 | x |
| 2011-12-31 | CN¥2.58 | CN¥5.75 | x |
| 2012-12-31 | CN¥2.60 | CN¥5.75 | x |
| 2013-12-31 | CN¥2.31 | CN¥5.75 | x |
| 2014-12-31 | CN¥2.96 | CN¥5.75 | x |
| 2015-12-31 | CN¥2.09 | CN¥5.75 | x |
| 2016-12-31 | CN¥1.60 | CN¥5.75 | x |
| 2017-12-31 | CN¥1.32 | CN¥5.75 | x |
| 2018-12-31 | CN¥1.87 | CN¥5.75 | x |
| 2019-12-31 | CN¥3.05 | CN¥5.75 | x |
| 2020-12-31 | CN¥3.62 | CN¥5.75 | x |
| 2021-12-31 | CN¥4.23 | CN¥5.75 | x |
| 2022-12-31 | CN¥3.35 | CN¥5.75 | x |
| 2023-12-31 | CN¥2.59 | CN¥5.75 | x |
| 2024-12-31 | CN¥2.39 | CN¥5.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Cement Inc 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): -15.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.64%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 3.27x
- Recent ROE (-15.27%) is below the historical average (2.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 21.96% | 2.52% | 6.96x | 1.25x | CN¥46.90 Million |
| 1994 | 22.47% | 23.43% | 0.69x | 1.39x | CN¥49.80 Million |
| 1995 | 10.64% | 11.51% | 0.60x | 1.53x | CN¥2.58 Million |
| 1996 | 10.09% | 13.88% | 0.53x | 1.36x | CN¥438.84K |
| 1997 | 9.27% | 14.61% | 0.49x | 1.29x | CN¥-3.83 Million |
| 1998 | 10.23% | 19.00% | 0.27x | 2.03x | CN¥1.51 Million |
| 1999 | 11.07% | 12.68% | 0.43x | 2.01x | CN¥7.27 Million |
| 2000 | 6.10% | 9.67% | 0.32x | 1.95x | CN¥-33.47 Million |
| 2001 | 0.30% | 0.36% | 0.37x | 2.27x | CN¥-68.05 Million |
| 2002 | -31.55% | -23.61% | 0.51x | 2.63x | CN¥-222.42 Million |
| 2003 | 5.79% | 3.85% | 0.59x | 2.55x | CN¥-24.11 Million |
| 2004 | 6.53% | 4.08% | 0.62x | 2.56x | CN¥-21.08 Million |
| 2005 | 0.36% | 0.25% | 0.55x | 2.59x | CN¥-62.80 Million |
| 2006 | 2.33% | 1.48% | 0.61x | 2.58x | CN¥-51.48 Million |
| 2007 | 2.81% | 4.40% | 0.35x | 1.81x | CN¥-138.54 Million |
| 2008 | 0.49% | 0.41% | 0.50x | 2.40x | CN¥-97.38 Million |
| 2009 | -6.59% | -8.37% | 0.32x | 2.45x | CN¥-242.12 Million |
| 2010 | 0.73% | 0.60% | 0.40x | 3.03x | CN¥-102.85 Million |
| 2011 | 10.57% | 6.66% | 0.52x | 3.06x | CN¥6.78 Million |
| 2012 | 2.31% | 1.69% | 0.37x | 3.66x | CN¥-91.20 Million |
| 2013 | 1.81% | 1.05% | 0.39x | 4.45x | CN¥-86.45 Million |
| 2014 | 3.66% | 2.40% | 0.38x | 3.99x | CN¥-85.88 Million |
| 2015 | -40.77% | -25.61% | 0.30x | 5.27x | CN¥-486.20 Million |
| 2016 | 1.88% | 1.04% | 0.30x | 6.04x | CN¥-59.63 Million |
| 2017 | -25.17% | -8.28% | 0.45x | 6.75x | CN¥-212.12 Million |
| 2018 | 39.45% | 11.45% | 0.74x | 4.68x | CN¥251.95 Million |
| 2019 | 33.46% | 15.34% | 0.77x | 2.82x | CN¥327.37 Million |
| 2020 | 16.72% | 9.39% | 0.66x | 2.71x | CN¥111.72 Million |
| 2021 | 16.06% | 8.57% | 0.78x | 2.41x | CN¥117.03 Million |
| 2022 | -15.81% | -9.37% | 0.62x | 2.73x | CN¥-396.11 Million |
| 2023 | -27.15% | -15.73% | 0.53x | 3.25x | CN¥-441.41 Million |
| 2024 | -15.27% | -9.64% | 0.48x | 3.27x | CN¥-276.77 Million |
Industry Comparison
This section compares Fujian Cement Inc's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,947,737,856
- Average return on equity (ROE) among peers: 5.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Cement Inc (600802) | CN¥1.06 Billion | 21.96% | 2.41x | $385.57 Million |
| CSG Holding Co Ltd (000012) | $6.76 Billion | 21.53% | 0.84x | $1.16 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $1.32 Billion | 11.88% | 0.72x | $1.65 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $-18.75 Million | 0.00% | 0.00x | $2.05 Billion |
| Jiangxi Wannianqing Cement Co Ltd (000789) | $2.33 Billion | 6.57% | 1.82x | $578.76 Million |
| Xinjiang Tianshan Cement Co Ltd (000877) | $905.55 Million | 6.65% | 1.93x | $4.80 Billion |
| Sinostone Guangdong Co Ltd (001212) | $1.73 Billion | 1.76% | 0.35x | $1.63 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $929.49 Million | -14.56% | 2.32x | $775.48 Million |
| Guangdong Tapai Group Co Ltd (002233) | $3.82 Billion | 10.48% | 0.43x | $1.51 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) | $736.36 Million | 2.86% | 1.12x | $482.71 Million |
About Fujian Cement Inc
Fujian Cement Inc., together with its subsidiaries, manufactures and sells clinker and cement in the People's Republic of China. The company's products are used in infrastructure projects, such as roads, railways, airports, water conservancy, urban real estate development, and rural civil buildings. It offers its products under the Lianshi and Jianfu brand names. The company was founded in 1958 a… Read more