Shen Ma Industry Co Ltd

SHG:600810 China Specialty Chemicals
Market Cap
$1.32 Billion
CN¥9.71 Billion CNY
Market Cap Rank
#10503 Global
#2353 in China
Share Price
CN¥8.74
Change (1 day)
+0.81%
52-Week Range
CN¥7.16 - CN¥11.46
All Time High
CN¥20.93
Categories
Companies in China Specialty Chemicals
About

Shenma Industry Co.Ltd engages in the chemical and chemical fiber business in China, Europe, the Americas, Asia, and internationally. It offers nylon industrial yarns and cord fabrics; and nylon salt and slices. The company also provides air bag wire; adipic acid, caprolactatn, 1,6-hexanediamine, cyclohexanol, cyclohexane, nitric acid, and aramid fiber; dipped cord fabrics; nylon resins and modif… Read more

Shen Ma Industry Co Ltd (600810) - Net Assets

Latest net assets as of September 2025: CN¥9.86 Billion CNY

Based on the latest financial reports, Shen Ma Industry Co Ltd (600810) has net assets worth CN¥9.86 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥29.52 Billion) and total liabilities (CN¥19.66 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥9.86 Billion
% of Total Assets 33.4%
Annual Growth Rate 9.3%
5-Year Change 102.55%
10-Year Change 314.35%
Growth Volatility 31.3

Shen Ma Industry Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Shen Ma Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Shen Ma Industry Co Ltd (1994–2024)

The table below shows the annual net assets of Shen Ma Industry Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥11.25 Billion -3.82%
2023-12-31 CN¥11.70 Billion +12.71%
2022-12-31 CN¥10.38 Billion +24.43%
2021-12-31 CN¥8.34 Billion +50.15%
2020-12-31 CN¥5.55 Billion +30.78%
2019-12-31 CN¥4.25 Billion +5.87%
2018-12-31 CN¥4.01 Billion +34.34%
2017-12-31 CN¥2.99 Billion +5.20%
2016-12-31 CN¥2.84 Billion +4.54%
2015-12-31 CN¥2.71 Billion +5.07%
2014-12-31 CN¥2.58 Billion +11.21%
2013-12-31 CN¥2.32 Billion -0.83%
2012-12-31 CN¥2.34 Billion -13.42%
2011-12-31 CN¥2.71 Billion -0.84%
2010-12-31 CN¥2.73 Billion -0.18%
2009-12-31 CN¥2.73 Billion +0.00%
2008-12-31 CN¥2.73 Billion -13.09%
2007-12-31 CN¥3.15 Billion +9.94%
2006-12-31 CN¥2.86 Billion -17.56%
2005-12-31 CN¥3.47 Billion +1.99%
2004-12-31 CN¥3.40 Billion +0.33%
2003-12-31 CN¥3.39 Billion +0.19%
2002-12-31 CN¥3.38 Billion -0.89%
2001-12-31 CN¥3.42 Billion -1.03%
2000-12-31 CN¥3.45 Billion +2.31%
1999-12-31 CN¥3.37 Billion +153.73%
1998-12-31 CN¥1.33 Billion +7.83%
1997-12-31 CN¥1.23 Billion +61.37%
1996-12-31 CN¥764.02 Million +3.09%
1995-12-31 CN¥741.11 Million -5.00%
1994-12-31 CN¥780.12 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shen Ma Industry 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 5673.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥3.33 Billion 46.49%
Common Stock CN¥1.02 Billion 14.17%
Other Components CN¥2.82 Billion 39.34%
Total Equity CN¥7.16 Billion 100.00%

Shen Ma Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Shen Ma Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Rogers Sugar Inc
PINK:RSGUF
 		$476.94 Million
Jinhui Liquor Co Ltd
SHG:603919
 		$477.07 Million
FORUM ENERGY TECH. DL-01
F:1FE1
 		$477.07 Million
Sanxiang Co Ltd
SHE:000863
 		$477.07 Million
Chengdu Galaxy Magnets
SHE:300127
 		$476.68 Million
Shanghai Xinpeng Industry Co Ltd
SHE:002328
 		$476.45 Million
Chongqing Lummy Pharmaceutical
SHE:300006
 		$476.38 Million
Drägerwerk AG & Co. KGaA
PINK:DGWPF
 		$476.36 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shen Ma Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 7,830,886,000 to 7,163,297,000, a change of -667,589,000 (-8.5%).
  • Net income of 33,529,751 contributed positively to equity growth.
  • Share repurchases of 500,000,000 reduced equity.
  • Other comprehensive income decreased equity by 868,334,000.
  • Other factors increased equity by 667,215,249.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥33.53 Million +0.47%
Share Repurchases CN¥500.00 Million -6.98%
Other Comprehensive Income CN¥-868.33 Million -12.12%
Other Changes CN¥667.22 Million +9.31%
Total Change CN¥- -8.53%

Book Value vs Market Value Analysis

This analysis compares Shen Ma Industry 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: 1.27x
  • 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 7.41x to 1.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥1.18 CN¥8.74 x
1995-12-31 CN¥1.13 CN¥8.74 x
1996-12-31 CN¥1.14 CN¥8.74 x
1997-12-31 CN¥1.88 CN¥8.74 x
1998-12-31 CN¥1.97 CN¥8.74 x
1999-12-31 CN¥5.15 CN¥8.74 x
2000-12-31 CN¥5.27 CN¥8.74 x
2001-12-31 CN¥5.22 CN¥8.74 x
2002-12-31 CN¥5.17 CN¥8.74 x
2003-12-31 CN¥5.18 CN¥8.74 x
2004-12-31 CN¥5.20 CN¥8.74 x
2005-12-31 CN¥4.66 CN¥8.74 x
2006-12-31 CN¥4.15 CN¥8.74 x
2007-12-31 CN¥4.73 CN¥8.74 x
2008-12-31 CN¥4.45 CN¥8.74 x
2009-12-31 CN¥4.34 CN¥8.74 x
2010-12-31 CN¥4.54 CN¥8.74 x
2011-12-31 CN¥4.55 CN¥8.74 x
2012-12-31 CN¥3.95 CN¥8.74 x
2013-12-31 CN¥3.99 CN¥8.74 x
2014-12-31 CN¥4.13 CN¥8.74 x
2015-12-31 CN¥4.07 CN¥8.74 x
2016-12-31 CN¥4.24 CN¥8.74 x
2017-12-31 CN¥4.35 CN¥8.74 x
2018-12-31 CN¥7.17 CN¥8.74 x
2019-12-31 CN¥9.12 CN¥8.74 x
2020-12-31 CN¥5.87 CN¥8.74 x
2021-12-31 CN¥8.26 CN¥8.74 x
2022-12-31 CN¥7.75 CN¥8.74 x
2023-12-31 CN¥7.62 CN¥8.74 x
2024-12-31 CN¥6.90 CN¥8.74 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shen Ma Industry 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): 0.47%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.24%
  • • Asset Turnover: 0.50x
  • • Equity Multiplier: 3.91x
  • Recent ROE (0.47%) is below the historical average (4.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 9.25% 16.16% 0.42x 1.35x CN¥-5.78 Million
1995 9.50% 12.84% 0.60x 1.23x CN¥-3.66 Million
1996 10.04% 11.00% 0.60x 1.52x CN¥275.90K
1997 16.76% 16.83% 0.93x 1.07x CN¥83.40 Million
1998 13.57% 12.44% 0.64x 1.69x CN¥46.00 Million
1999 2.83% 8.00% 0.31x 1.15x CN¥-241.83 Million
2000 2.36% 7.83% 0.26x 1.15x CN¥-263.60 Million
2001 0.75% 2.22% 0.28x 1.19x CN¥-315.80 Million
2002 0.18% 0.45% 0.33x 1.23x CN¥-332.40 Million
2003 0.25% 0.59% 0.36x 1.20x CN¥-330.65 Million
2004 0.89% 1.82% 0.41x 1.19x CN¥-310.06 Million
2005 1.15% 2.02% 0.42x 1.36x CN¥-303.62 Million
2006 0.37% 0.34% 0.59x 1.87x CN¥-261.46 Million
2007 2.72% 1.67% 0.73x 2.22x CN¥-201.48 Million
2008 -5.53% -3.11% 0.71x 2.50x CN¥-396.08 Million
2009 1.06% 0.44% 0.93x 2.60x CN¥-228.56 Million
2010 1.73% 0.36% 1.63x 2.92x CN¥-216.15 Million
2011 0.95% 0.16% 1.79x 3.26x CN¥-236.84 Million
2012 -14.15% -1.88% 1.79x 4.21x CN¥-549.02 Million
2013 1.35% 0.18% 2.63x 2.89x CN¥-198.29 Million
2014 2.61% 0.63% 1.21x 3.41x CN¥-171.67 Million
2015 2.65% 0.78% 0.99x 3.44x CN¥-175.38 Million
2016 3.45% 0.85% 1.02x 4.00x CN¥-161.36 Million
2017 2.65% 0.63% 1.08x 3.93x CN¥-185.84 Million
2018 20.49% 5.79% 1.03x 3.45x CN¥333.60 Million
2019 12.39% 5.90% 0.79x 2.65x CN¥125.72 Million
2020 7.54% 4.16% 0.44x 4.09x CN¥-120.70 Million
2021 27.65% 15.69% 0.52x 3.36x CN¥1.36 Billion
2022 4.93% 2.74% 0.53x 3.38x CN¥-410.72 Million
2023 1.91% 1.11% 0.43x 4.02x CN¥-633.63 Million
2024 0.47% 0.24% 0.50x 3.91x CN¥-682.80 Million

Industry Comparison

This section compares Shen Ma Industry Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $2,201,823,203
  • Average return on equity (ROE) among peers: 6.90%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shen Ma Industry Co Ltd (600810) CN¥9.86 Billion 9.25% 1.99x $476.84 Million
Chongqing Sanxia Paints Co Ltd (000565) $577.65 Million 10.01% 0.83x $291.58 Million
Hengyi Petrochemical Co Ltd (000703) $6.99 Billion 4.49% 2.04x $1.50 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782) $1.46 Billion 0.74% 0.82x $375.65 Million
Luxi Chemical Group Co Ltd (000830) $5.61 Billion 5.45% 2.19x $2.40 Billion
China Minmetals Rare Earth Co Ltd (000831) $191.02 Million 12.96% 1.30x $5.40 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859) $1.65 Billion 5.07% 0.31x $943.36 Million
Cofco Biochemical Anhui Co Ltd (000930) $2.02 Billion -16.67% 2.80x $866.00 Million
Shandong Link Science and Technology Co Ltd (001207) $1.32 Billion 12.34% 0.44x $341.43 Million
Zhejiang Bofay Elec Co Ltd (001255) $293.63 Million 29.71% 0.73x $174.80 Million
Guangdong Decro Film New (001378) $1.89 Billion 4.91% 0.20x $240.59 Million