Maanshan Iron & Steel Co Ltd (600808) - Net Assets

Latest as of March 2026: CN¥36.33 Billion CNY ≈ $5.32 Billion USD

Based on the latest financial reports, Maanshan Iron & Steel Co Ltd (600808) has net assets worth CN¥36.33 Billion CNY (≈ $5.32 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¥81.52 Billion ≈ $11.93 Billion USD) and total liabilities (CN¥45.19 Billion ≈ $6.61 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 Maanshan Iron & Steel Co Ltd (600808) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥36.33 Billion
% of Total Assets 44.57%
Annual Growth Rate 4.08%
5-Year Change -0.98%
10-Year Change 67.76%
Growth Volatility 12.14

Maanshan Iron & Steel Co Ltd - Net Assets Trend (1993–2025)

This chart illustrates how Maanshan Iron & Steel Co Ltd's net assets have evolved over time, based on quarterly financial data. See Maanshan Iron & Steel Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Maanshan Iron & Steel Co Ltd (1993–2025)

The table below shows the annual net assets of Maanshan Iron & Steel Co Ltd from 1993 to 2025. For live valuation and market cap data, see how much is Maanshan Iron & Steel Co Ltd worth.

Year Net Assets Change
2025-12-31 CN¥37.04 Billion
≈ $5.42 Billion		 +35.58%
2024-12-31 CN¥27.32 Billion
≈ $4.00 Billion		 -15.36%
2023-12-31 CN¥32.28 Billion
≈ $4.72 Billion		 -3.14%
2022-12-31 CN¥33.33 Billion
≈ $4.88 Billion		 -10.92%
2021-12-31 CN¥37.41 Billion
≈ $5.47 Billion		 +14.72%
2020-12-31 CN¥32.61 Billion
≈ $4.77 Billion		 +5.74%
2019-12-31 CN¥30.84 Billion
≈ $4.51 Billion		 -3.60%
2018-12-31 CN¥31.99 Billion
≈ $4.68 Billion		 +17.46%
2017-12-31 CN¥27.24 Billion
≈ $3.99 Billion		 +23.35%
2016-12-31 CN¥22.08 Billion
≈ $3.23 Billion		 +6.46%
2015-12-31 CN¥20.74 Billion
≈ $3.04 Billion		 -19.88%
2014-12-31 CN¥25.89 Billion
≈ $3.79 Billion		 +0.74%
2013-12-31 CN¥25.70 Billion
≈ $3.76 Billion		 +0.73%
2012-12-31 CN¥25.51 Billion
≈ $3.73 Billion		 -11.82%
2011-12-31 CN¥28.93 Billion
≈ $4.23 Billion		 +3.34%
2010-12-31 CN¥28.00 Billion
≈ $4.10 Billion		 +2.99%
2009-12-31 CN¥27.18 Billion
≈ $3.98 Billion		 +2.48%
2008-12-31 CN¥26.53 Billion
≈ $3.88 Billion		 +13.10%
2007-12-31 CN¥23.46 Billion
≈ $3.43 Billion		 +14.79%
2006-12-31 CN¥20.43 Billion
≈ $2.99 Billion		 +7.43%
2005-12-31 CN¥19.02 Billion
≈ $2.78 Billion		 +8.61%
2004-12-31 CN¥17.51 Billion
≈ $2.56 Billion		 +16.78%
2003-12-31 CN¥15.00 Billion
≈ $2.19 Billion		 +26.41%
2002-12-31 CN¥11.86 Billion
≈ $1.74 Billion		 +0.73%
2001-12-31 CN¥11.78 Billion
≈ $1.72 Billion		 -0.93%
2000-12-31 CN¥11.89 Billion
≈ $1.74 Billion		 +0.22%
1999-12-31 CN¥11.86 Billion
≈ $1.74 Billion		 +13.24%
1998-12-31 CN¥10.48 Billion
≈ $1.53 Billion		 -12.83%
1997-12-31 CN¥12.02 Billion
≈ $1.76 Billion		 +0.52%
1996-12-31 CN¥11.96 Billion
≈ $1.75 Billion		 +0.14%
1995-12-31 CN¥11.94 Billion
≈ $1.75 Billion		 -0.18%
1994-12-31 CN¥11.96 Billion
≈ $1.75 Billion		 +16.24%
1993-12-31 CN¥10.29 Billion
≈ $1.51 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Maanshan Iron & Steel 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 981.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥2.02 Billion 8.39%
Common Stock CN¥7.70 Billion 32.05%
Other Comprehensive Income CN¥5.91 Billion 24.59%
Other Components CN¥8.40 Billion 34.97%
Total Equity CN¥24.03 Billion 100.00%

Maanshan Iron & Steel Co Ltd Competitors by Market Cap

The table below lists competitors of Maanshan Iron & Steel Co Ltd ranked by their market capitalization.

Company Market Cap
Hub Group Inc
NASDAQ:HUBG
 $2.43 Billion
Adaptive Biotechnologies Corp
NASDAQ:ADPT
 $2.43 Billion
By health
SHE:300146
 $2.43 Billion
Jiangsu Changling Hydraulic Co. Ltd
SHG:605389
 $2.43 Billion
Haemonetics Corporation
NYSE:HAE
 $2.43 Billion
Hycroft Mining Holding Corporation
NASDAQ:HYMC
 $2.43 Billion
Legend Holdings Corporation
F:1PC
 $2.43 Billion
Feng Tay Enterprises Co Ltd
TW:9910
 $2.43 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Maanshan Iron & Steel Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 23,257,461,000 to 24,026,672,000, a change of 769,211,000 (3.3%).
  • Net loss of 208,806,314 reduced equity.
  • Dividend payments of 449,843,298 reduced retained earnings.
  • Share repurchases of 49,059,587 reduced equity.
  • Other comprehensive income increased equity by 918,346,000.
  • Other factors increased equity by 558,574,199.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥-208.81 Million -0.87%
Dividends Paid CN¥449.84 Million -1.87%
Share Repurchases CN¥49.06 Million -0.2%
Other Comprehensive Income CN¥918.35 Million +3.82%
Other Changes CN¥558.57 Million +2.32%
Total Change CN¥- 3.31%

Book Value vs Market Value Analysis

This analysis compares Maanshan Iron & Steel 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: 0.89x
  • 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 1.74x to 0.89x 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¥1.59 CN¥2.78 x
1994-12-31 CN¥1.64 CN¥2.78 x
1995-12-31 CN¥1.64 CN¥2.78 x
1996-12-31 CN¥1.64 CN¥2.78 x
1997-12-31 CN¥1.65 CN¥2.78 x
1998-12-31 CN¥1.62 CN¥2.78 x
1999-12-31 CN¥1.84 CN¥2.78 x
2000-12-31 CN¥1.84 CN¥2.78 x
2001-12-31 CN¥1.61 CN¥2.78 x
2002-12-31 CN¥1.84 CN¥2.78 x
2003-12-31 CN¥2.32 CN¥2.78 x
2004-12-31 CN¥2.70 CN¥2.78 x
2005-12-31 CN¥2.93 CN¥2.78 x
2006-12-31 CN¥3.10 CN¥2.78 x
2007-12-31 CN¥3.25 CN¥2.78 x
2008-12-31 CN¥3.73 CN¥2.78 x
2009-12-31 CN¥3.44 CN¥2.78 x
2010-12-31 CN¥3.54 CN¥2.78 x
2011-12-31 CN¥3.60 CN¥2.78 x
2012-12-31 CN¥3.00 CN¥2.78 x
2013-12-31 CN¥3.00 CN¥2.78 x
2014-12-31 CN¥3.17 CN¥2.78 x
2015-12-31 CN¥2.40 CN¥2.78 x
2016-12-31 CN¥2.57 CN¥2.78 x
2017-12-31 CN¥3.10 CN¥2.78 x
2018-12-31 CN¥3.66 CN¥2.78 x
2019-12-31 CN¥3.50 CN¥2.78 x
2020-12-31 CN¥3.69 CN¥2.78 x
2021-12-31 CN¥4.25 CN¥2.78 x
2022-12-31 CN¥3.79 CN¥2.78 x
2023-12-31 CN¥3.61 CN¥2.78 x
2024-12-31 CN¥3.04 CN¥2.78 x
2025-12-31 CN¥3.11 CN¥2.78 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Maanshan Iron & Steel 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): -0.87%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.27%
  • • Asset Turnover: 0.95x
  • • Equity Multiplier: 3.41x
  • Recent ROE (-0.87%) is below the historical average (3.30%), 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 7.56% 20.31% 0.25x 1.47x CN¥-250.61 Million
1994 7.08% 12.30% 0.34x 1.70x CN¥-309.22 Million
1995 0.41% 0.69% 0.35x 1.68x CN¥-1.01 Billion
1996 0.77% 1.20% 0.38x 1.70x CN¥-976.99 Million
1997 0.58% 0.93% 0.37x 1.68x CN¥-1.00 Billion
1998 -1.60% -2.61% 0.36x 1.70x CN¥-1.22 Billion
1999 0.11% 0.20% 0.39x 1.46x CN¥-1.17 Billion
2000 1.48% 2.15% 0.49x 1.42x CN¥-1.01 Billion
2001 2.00% 2.18% 0.57x 1.61x CN¥-831.95 Million
2002 3.24% 3.50% 0.64x 1.44x CN¥-801.84 Million
2003 18.67% 17.74% 0.60x 1.76x CN¥1.30 Billion
2004 20.51% 13.36% 0.85x 1.80x CN¥1.83 Billion
2005 15.08% 8.88% 0.83x 2.06x CN¥959.45 Million
2006 11.31% 6.43% 0.65x 2.73x CN¥264.38 Million
2007 10.76% 4.89% 0.71x 3.09x CN¥174.48 Million
2008 2.73% 1.00% 1.08x 2.54x CN¥-1.89 Billion
2009 1.48% 0.76% 0.76x 2.57x CN¥-2.25 Billion
2010 4.04% 1.70% 0.93x 2.57x CN¥-1.63 Billion
2011 0.31% 0.09% 1.07x 3.01x CN¥-2.61 Billion
2012 -16.70% -5.19% 0.98x 3.29x CN¥-6.18 Billion
2013 0.68% 0.21% 1.04x 3.08x CN¥-2.16 Billion
2014 0.95% 0.37% 0.87x 2.94x CN¥-2.11 Billion
2015 -26.03% -10.65% 0.72x 3.38x CN¥-6.65 Billion
2016 6.22% 2.55% 0.73x 3.35x CN¥-747.52 Million
2017 17.28% 5.64% 1.01x 3.02x CN¥1.74 Billion
2018 21.10% 7.25% 1.07x 2.73x CN¥3.13 Billion
2019 4.19% 1.44% 0.91x 3.21x CN¥-1.57 Billion
2020 6.98% 2.43% 1.01x 2.84x CN¥-855.97 Million
2021 16.28% 4.68% 1.25x 2.78x CN¥2.06 Billion
2022 -2.94% -0.84% 1.05x 3.32x CN¥-3.78 Billion
2023 -4.78% -1.34% 1.17x 3.04x CN¥-4.10 Billion
2024 -20.03% -5.69% 1.04x 3.40x CN¥-6.98 Billion
2025 -0.87% -0.27% 0.95x 3.41x CN¥-2.61 Billion

Industry Comparison

This section compares Maanshan Iron & Steel Co Ltd's net assets metrics with peer companies in the Steel industry.

Industry Context

  • Industry: Steel
  • Average net assets among peers: $18,754,847,206
  • Average return on equity (ROE) among peers: 10.26%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Maanshan Iron & Steel Co Ltd (600808) CN¥36.33 Billion 7.56% 1.24x $2.43 Billion
CITIC Pacific Special Steel Group Co Ltd (000708) $36.44 Billion 19.50% 1.49x $10.20 Billion
HBIS Co Ltd (000709) $6.74 Billion 8.64% 0.79x $3.19 Billion
Sgis Songshan Co Ltd (000717) $359.38 Million 31.44% 1.77x $759.03 Million
Bengang Steel Plates Co Ltd (000761) $17.60 Billion -9.78% 1.62x $1.29 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778) $18.45 Billion 2.39% 1.67x $2.36 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825) $4.51 Billion 13.54% 1.01x $3.22 Billion
Jiangsu Fasten Co Ltd (000890) $1.21 Billion 0.85% 1.53x $581.33 Million
Angang Steel Co Ltd Class A (000898) $45.29 Billion 3.57% 0.94x $2.33 Billion
Hunan Valin Steel Co Ltd (000932) $50.85 Billion 19.04% 1.10x $3.77 Billion
Beijing Shougang Co Ltd (000959) $6.10 Billion 13.45% 1.12x $3.85 Billion

About Maanshan Iron & Steel Co Ltd

SHG:600808 China Steel
Market Cap
$2.43 Billion
CN¥16.59 Billion CNY
Market Cap Rank
#5686 Global
#1135 in China
Share Price
CN¥2.78
Change (1 day)
-0.71%
52-Week Range
CN¥2.69 - CN¥4.44
All Time High
CN¥6.19
Categories
Companies in China Steel
About

Maanshan Iron & Steel Company Limited, together with its subsidiaries, manufactures and sells iron and steel products, and related by-products in Mainland China, Hong Kong, and internationally. It provides steel plates, including hot and cold-rolled thin plates, galvanized plates, coil-coating plates, and medium plates; section steel products, such as H-shaped steel and medium-shaped steel; high-… Read more