Shen Ma Industry Co Ltd (600810) - Net Assets
Based on the latest financial reports, Shen Ma Industry Co Ltd (600810) has net assets worth CN¥11.96 Billion CNY (≈ $1.75 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¥29.98 Billion ≈ $4.39 Billion USD) and total liabilities (CN¥18.03 Billion ≈ $2.64 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 Shen Ma Industry Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.96 Billion |
| % of Total Assets | 39.88% |
| Annual Growth Rate | 9.29% |
| 5-Year Change | 46.87% |
| 10-Year Change | 331.54% |
| Growth Volatility | 30.8 |
Shen Ma Industry Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Shen Ma Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600810 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shen Ma Industry Co Ltd (1994–2025)
The table below shows the annual net assets of Shen Ma Industry Co Ltd from 1994 to 2025. For live valuation and market cap data, see Shen Ma Industry Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.25 Billion ≈ $1.79 Billion |
+8.88% |
| 2024-12-31 | CN¥11.25 Billion ≈ $1.65 Billion |
-3.82% |
| 2023-12-31 | CN¥11.70 Billion ≈ $1.71 Billion |
+12.71% |
| 2022-12-31 | CN¥10.38 Billion ≈ $1.52 Billion |
+24.43% |
| 2021-12-31 | CN¥8.34 Billion ≈ $1.22 Billion |
+50.15% |
| 2020-12-31 | CN¥5.55 Billion ≈ $812.70 Million |
+30.78% |
| 2019-12-31 | CN¥4.25 Billion ≈ $621.42 Million |
+5.87% |
| 2018-12-31 | CN¥4.01 Billion ≈ $586.97 Million |
+34.34% |
| 2017-12-31 | CN¥2.99 Billion ≈ $436.91 Million |
+5.20% |
| 2016-12-31 | CN¥2.84 Billion ≈ $415.31 Million |
+4.54% |
| 2015-12-31 | CN¥2.71 Billion ≈ $397.28 Million |
+5.07% |
| 2014-12-31 | CN¥2.58 Billion ≈ $378.10 Million |
+11.21% |
| 2013-12-31 | CN¥2.32 Billion ≈ $339.98 Million |
-0.83% |
| 2012-12-31 | CN¥2.34 Billion ≈ $342.81 Million |
-13.42% |
| 2011-12-31 | CN¥2.71 Billion ≈ $395.93 Million |
-0.84% |
| 2010-12-31 | CN¥2.73 Billion ≈ $399.28 Million |
-0.18% |
| 2009-12-31 | CN¥2.73 Billion ≈ $400.00 Million |
+0.00% |
| 2008-12-31 | CN¥2.73 Billion ≈ $400.00 Million |
-13.09% |
| 2007-12-31 | CN¥3.15 Billion ≈ $460.25 Million |
+9.94% |
| 2006-12-31 | CN¥2.86 Billion ≈ $418.66 Million |
-17.56% |
| 2005-12-31 | CN¥3.47 Billion ≈ $507.85 Million |
+1.99% |
| 2004-12-31 | CN¥3.40 Billion ≈ $497.93 Million |
+0.33% |
| 2003-12-31 | CN¥3.39 Billion ≈ $496.28 Million |
+0.19% |
| 2002-12-31 | CN¥3.38 Billion ≈ $495.32 Million |
-0.89% |
| 2001-12-31 | CN¥3.42 Billion ≈ $499.79 Million |
-1.03% |
| 2000-12-31 | CN¥3.45 Billion ≈ $505.02 Million |
+2.31% |
| 1999-12-31 | CN¥3.37 Billion ≈ $493.62 Million |
+153.73% |
| 1998-12-31 | CN¥1.33 Billion ≈ $194.54 Million |
+7.83% |
| 1997-12-31 | CN¥1.23 Billion ≈ $180.41 Million |
+61.37% |
| 1996-12-31 | CN¥764.02 Million ≈ $111.80 Million |
+3.09% |
| 1995-12-31 | CN¥741.11 Million ≈ $108.45 Million |
-5.00% |
| 1994-12-31 | CN¥780.12 Million ≈ $114.16 Million |
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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 5203.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.06 Billion | 32.77% |
| Other Components | CN¥6.28 Billion | 67.23% |
| Total Equity | CN¥9.34 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 |
|---|---|
|
China Reform Health Management and Services Group Co Ltd
SHE:000503
|
$1.04 Billion |
|
MYT Netherlands Parent BV
NYSE:MYTE
|
$1.04 Billion |
|
Guangxi Guidong Eletric Power Co Ltd
SHG:600310
|
$1.04 Billion |
|
Hangzhou Weiguang Electronic Co Ltd
SHE:002801
|
$1.04 Billion |
|
Motus Holdings Ltd
JSE:MTH
|
$1.04 Billion |
|
Supply Network Ltd
AU:SNL
|
$1.04 Billion |
|
Shenzhen INVT Electric Co Ltd
SHE:002334
|
$1.04 Billion |
|
Shanghai Diesel Engine Co Ltd A
SHG:600841
|
$1.04 Billion |
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 2024 to 2025, total equity changed from 7,163,297,000 to 9,336,194,928, a change of 2,172,897,928 (30.3%).
- Net loss of 216,610,775 reduced equity.
- Dividend payments of 412,845,806 reduced retained earnings.
- Other factors increased equity by 2,802,354,509.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-216.61 Million | -2.32% |
| Dividends Paid | CN¥412.85 Million | -4.42% |
| Other Changes | CN¥2.80 Billion | +30.02% |
| Total Change | CN¥- | 30.33% |
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: 0.77x
- 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 5.51x to 0.77x 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¥6.50 | x |
| 1995-12-31 | CN¥1.13 | CN¥6.50 | x |
| 1996-12-31 | CN¥1.14 | CN¥6.50 | x |
| 1997-12-31 | CN¥1.88 | CN¥6.50 | x |
| 1998-12-31 | CN¥1.97 | CN¥6.50 | x |
| 1999-12-31 | CN¥5.15 | CN¥6.50 | x |
| 2000-12-31 | CN¥5.27 | CN¥6.50 | x |
| 2001-12-31 | CN¥5.22 | CN¥6.50 | x |
| 2002-12-31 | CN¥5.17 | CN¥6.50 | x |
| 2003-12-31 | CN¥5.18 | CN¥6.50 | x |
| 2004-12-31 | CN¥5.20 | CN¥6.50 | x |
| 2005-12-31 | CN¥4.66 | CN¥6.50 | x |
| 2006-12-31 | CN¥4.15 | CN¥6.50 | x |
| 2007-12-31 | CN¥4.73 | CN¥6.50 | x |
| 2008-12-31 | CN¥4.45 | CN¥6.50 | x |
| 2009-12-31 | CN¥4.34 | CN¥6.50 | x |
| 2010-12-31 | CN¥4.54 | CN¥6.50 | x |
| 2011-12-31 | CN¥4.55 | CN¥6.50 | x |
| 2012-12-31 | CN¥3.95 | CN¥6.50 | x |
| 2013-12-31 | CN¥3.99 | CN¥6.50 | x |
| 2014-12-31 | CN¥4.13 | CN¥6.50 | x |
| 2015-12-31 | CN¥4.07 | CN¥6.50 | x |
| 2016-12-31 | CN¥4.24 | CN¥6.50 | x |
| 2017-12-31 | CN¥4.35 | CN¥6.50 | x |
| 2018-12-31 | CN¥5.53 | CN¥6.50 | x |
| 2019-12-31 | CN¥9.14 | CN¥6.50 | x |
| 2020-12-31 | CN¥7.48 | CN¥6.50 | x |
| 2021-12-31 | CN¥8.26 | CN¥6.50 | x |
| 2022-12-31 | CN¥7.75 | CN¥6.50 | x |
| 2023-12-31 | CN¥7.51 | CN¥6.50 | x |
| 2024-12-31 | CN¥6.90 | CN¥6.50 | x |
| 2025-12-31 | CN¥8.40 | CN¥6.50 | 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): -2.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.72%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 3.17x
- Recent ROE (-2.32%) is below the historical average (4.48%), 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 | 3.43% | 2.00% | 0.43x | 4.02x | CN¥-514.29 Million |
| 2024 | 1.87% | 0.96% | 0.50x | 3.91x | CN¥-582.10 Million |
| 2025 | -2.32% | -1.72% | 0.43x | 3.17x | CN¥-1.15 Billion |
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: $4,291,737,616
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shen Ma Industry Co Ltd (600810) | CN¥11.96 Billion | 9.25% | 1.51x | $1.04 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.24 Billion | -2.81% | 0.24x | $406.70 Million |
| Hengyi Petrochemical Co Ltd (000703) | $22.27 Billion | 8.41% | 1.68x | $6.74 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $843.14 Million | 4.29% | 1.17x | $771.60 Million |
| Luxi Chemical Group Co Ltd (000830) | $979.59 Million | 7.26% | 1.13x | $3.62 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.47 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $73.77 Million | 36.72% | 1.77x | $1.52 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.71 Billion | 7.45% | 2.19x | $1.32 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $76.39 Million | 0.00% | 0.50x | $790.47 Million |
| Zhejiang Transfar Co Ltd (002010) | $12.50 Billion | 3.75% | 0.93x | $2.02 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $483.61 Million |
About Shen Ma Industry Co Ltd
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