Ningbo Shanshan Co Ltd

SHG:600884 China Specialty Chemicals
Market Cap
$4.46 Billion
CN¥32.73 Billion CNY
Market Cap Rank
#3906 Global
#351 in China
Share Price
CN¥14.55
Change (1 day)
+1.96%
52-Week Range
CN¥6.12 - CN¥15.90
All Time High
CN¥41.39
Categories
Companies in China Specialty Chemicals
About

Ningbo Shanshan Co.,Ltd. provides lithium battery materials in China, Taiwan, and internationally. It offers lithium-ion battery materials; cathode materials, such as lithium cobalt oxide products, multi-material series products, lithium manganese oxide products, and ternary precursors; and anode material products, including synthetic and natural graphite, mesophase carbon microbeads, composite g… Read more

Ningbo Shanshan Co Ltd (600884) - Net Assets

Latest net assets as of September 2025: CN¥22.93 Billion CNY

Based on the latest financial reports, Ningbo Shanshan Co Ltd (600884) has net assets worth CN¥22.93 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¥44.89 Billion) and total liabilities (CN¥21.97 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¥22.93 Billion
% of Total Assets 51.07%
Annual Growth Rate 20.73%
5-Year Change 62.03%
10-Year Change 341.92%
Growth Volatility 41.2

Ningbo Shanshan Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Ningbo Shanshan 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 Ningbo Shanshan Co Ltd (1994–2024)

The table below shows the annual net assets of Ningbo Shanshan Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥22.53 Billion -4.49%
2023-12-31 CN¥23.59 Billion -2.23%
2022-12-31 CN¥24.13 Billion +24.70%
2021-12-31 CN¥19.35 Billion +39.14%
2020-12-31 CN¥13.91 Billion +2.11%
2019-12-31 CN¥13.62 Billion +8.77%
2018-12-31 CN¥12.52 Billion +12.51%
2017-12-31 CN¥11.13 Billion +28.75%
2016-12-31 CN¥8.64 Billion +69.52%
2015-12-31 CN¥5.10 Billion +15.63%
2014-12-31 CN¥4.41 Billion +25.31%
2013-12-31 CN¥3.52 Billion -1.70%
2012-12-31 CN¥3.58 Billion +8.63%
2011-12-31 CN¥3.30 Billion -9.23%
2010-12-31 CN¥3.63 Billion -5.43%
2009-12-31 CN¥3.84 Billion +88.17%
2008-12-31 CN¥2.04 Billion +4.94%
2007-12-31 CN¥1.94 Billion +7.85%
2006-12-31 CN¥1.80 Billion +9.52%
2005-12-31 CN¥1.65 Billion +2.29%
2004-12-31 CN¥1.61 Billion +4.19%
2003-12-31 CN¥1.54 Billion +8.08%
2002-12-31 CN¥1.43 Billion +7.76%
2001-12-31 CN¥1.33 Billion +49.43%
2000-12-31 CN¥887.56 Million +12.35%
1999-12-31 CN¥790.03 Million +29.15%
1998-12-31 CN¥611.71 Million +23.19%
1997-12-31 CN¥496.54 Million +73.26%
1996-12-31 CN¥286.58 Million +207.73%
1995-12-31 CN¥93.13 Million +17.77%
1994-12-31 CN¥79.08 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ningbo Shanshan 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 85973.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥11.72 Billion 54.32%
Common Stock CN¥2.25 Billion 10.44%
Other Comprehensive Income CN¥-14.08 Million -0.07%
Other Components CN¥7.62 Billion 35.30%
Total Equity CN¥21.58 Billion 100.00%

Ningbo Shanshan Co Ltd Competitors by Market Cap

The table below lists competitors of Ningbo Shanshan Co Ltd ranked by their market capitalization.

Company Market Cap
LB Group Co Ltd
SHE:002601
 		$3.06 Billion
LS Corp
KO:006260
 		$3.06 Billion
Ayala Land Inc
PINK:AYAAF
 		$3.06 Billion
Treasury Wine Estates Ltd PK
PINK:TSRYY
 		$3.06 Billion
Yonyou Network Technology Co Ltd
SHG:600588
 		$3.05 Billion
Azelis Group NV
PINK:AZLGF
 		$3.05 Billion
Metso Outotec Corp OTC
PINK:OUKPY
 		$3.05 Billion
WeRide Inc. American Depositary Shares
NASDAQ:WRD
 		$3.05 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 22,669,169,067 to 21,581,444,000, a change of -1,087,725,067 (-4.8%).
  • Net loss of 367,136,024 reduced equity.
  • Dividend payments of 437,401,038 reduced retained earnings.
  • Share repurchases of 620,623,997 reduced equity.
  • Other comprehensive income increased equity by 62,089,848.
  • Other factors increased equity by 275,346,144.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-367.14 Million -1.7%
Dividends Paid CN¥437.40 Million -2.03%
Share Repurchases CN¥620.62 Million -2.88%
Other Comprehensive Income CN¥62.09 Million +0.29%
Other Changes CN¥275.35 Million +1.28%
Total Change CN¥- -4.80%

Book Value vs Market Value Analysis

This analysis compares Ningbo Shanshan 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: 1.46x
  • 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 222.72x to 1.46x 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¥0.07 CN¥14.55 x
1995-12-31 CN¥0.08 CN¥14.55 x
1996-12-31 CN¥0.24 CN¥14.55 x
1997-12-31 CN¥0.38 CN¥14.55 x
1998-12-31 CN¥0.47 CN¥14.55 x
1999-12-31 CN¥0.61 CN¥14.55 x
2000-12-31 CN¥0.69 CN¥14.55 x
2001-12-31 CN¥1.05 CN¥14.55 x
2002-12-31 CN¥1.05 CN¥14.55 x
2003-12-31 CN¥1.13 CN¥14.55 x
2004-12-31 CN¥1.16 CN¥14.55 x
2005-12-31 CN¥1.19 CN¥14.55 x
2006-12-31 CN¥1.27 CN¥14.55 x
2007-12-31 CN¥1.29 CN¥14.55 x
2008-12-31 CN¥1.32 CN¥14.55 x
2009-12-31 CN¥2.93 CN¥14.55 x
2010-12-31 CN¥2.72 CN¥14.55 x
2011-12-31 CN¥2.41 CN¥14.55 x
2012-12-31 CN¥2.74 CN¥14.55 x
2013-12-31 CN¥2.72 CN¥14.55 x
2014-12-31 CN¥3.57 CN¥14.55 x
2015-12-31 CN¥3.71 CN¥14.55 x
2016-12-31 CN¥6.80 CN¥14.55 x
2017-12-31 CN¥6.42 CN¥14.55 x
2018-12-31 CN¥6.55 CN¥14.55 x
2019-12-31 CN¥7.26 CN¥14.55 x
2020-12-31 CN¥8.75 CN¥14.55 x
2021-12-31 CN¥11.56 CN¥14.55 x
2022-12-31 CN¥10.53 CN¥14.55 x
2023-12-31 CN¥10.37 CN¥14.55 x
2024-12-31 CN¥9.99 CN¥14.55 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningbo Shanshan 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): -1.70%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -1.97%
  • • Asset Turnover: 0.40x
  • • Equity Multiplier: 2.14x
  • Recent ROE (-1.70%) is below the historical average (9.93%), 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 36.79% 16.29% 0.69x 3.26x CN¥21.19 Million
1995 44.23% 14.69% 0.71x 4.24x CN¥31.87 Million
1996 20.02% 9.49% 0.97x 2.19x CN¥28.70 Million
1997 16.38% 7.51% 0.87x 2.51x CN¥29.30 Million
1998 12.35% 9.19% 0.59x 2.28x CN¥13.35 Million
1999 11.78% 11.18% 0.60x 1.76x CN¥13.19 Million
2000 13.32% 13.87% 0.66x 1.46x CN¥27.92 Million
2001 6.47% 11.28% 0.44x 1.31x CN¥-45.01 Million
2002 6.69% 9.55% 0.42x 1.67x CN¥-42.25 Million
2003 6.32% 10.01% 0.38x 1.64x CN¥-50.17 Million
2004 6.40% 9.02% 0.37x 1.90x CN¥-50.67 Million
2005 5.22% 6.05% 0.41x 2.10x CN¥-68.81 Million
2006 6.23% 5.81% 0.48x 2.23x CN¥-56.09 Million
2007 7.21% 5.16% 0.56x 2.51x CN¥-43.69 Million
2008 6.04% 3.85% 0.66x 2.38x CN¥-62.87 Million
2009 2.73% 4.46% 0.33x 1.85x CN¥-253.68 Million
2010 3.68% 4.25% 0.41x 2.09x CN¥-207.14 Million
2011 5.29% 5.14% 0.45x 2.29x CN¥-136.54 Million
2012 4.91% 4.23% 0.49x 2.35x CN¥-164.93 Million
2013 5.71% 4.54% 0.54x 2.32x CN¥-137.91 Million
2014 8.21% 9.52% 0.40x 2.16x CN¥-75.90 Million
2015 14.40% 14.03% 0.48x 2.13x CN¥211.36 Million
2016 4.05% 6.03% 0.38x 1.79x CN¥-484.08 Million
2017 8.59% 10.84% 0.37x 2.12x CN¥-147.21 Million
2018 10.42% 12.60% 0.38x 2.19x CN¥44.56 Million
2019 2.28% 3.11% 0.35x 2.12x CN¥-912.45 Million
2020 1.11% 1.68% 0.33x 1.98x CN¥-1.10 Billion
2021 17.64% 16.13% 0.51x 2.13x CN¥1.45 Billion
2022 11.67% 12.40% 0.48x 1.95x CN¥385.93 Million
2023 3.38% 4.01% 0.39x 2.14x CN¥-1.50 Billion
2024 -1.70% -1.97% 0.40x 2.14x CN¥-2.53 Billion

Industry Comparison

This section compares Ningbo Shanshan Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $1,775,158,628
  • Average return on equity (ROE) among peers: -19.15%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ningbo Shanshan Co Ltd (600884) CN¥22.93 Billion 36.79% 0.96x $3.05 Billion
Chongqing Sanxia Paints Co Ltd (000565) $390.80 Million 1.64% 0.47x $289.82 Million
Hengyi Petrochemical Co Ltd (000703) $246.42 Million -7.64% 1.62x $1.44 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782) $472.56 Million 10.49% 1.13x $361.89 Million
Luxi Chemical Group Co Ltd (000830) $120.60 Million 41.32% 1.30x $2.28 Billion
China Minmetals Rare Earth Co Ltd (000831) $234.51 Million -303.65% 8.65x $5.40 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859) $2.70 Billion 10.47% 0.21x $884.45 Million
Cofco Biochemical Anhui Co Ltd (000930) $11.76 Billion 9.61% 0.54x $815.97 Million
Shandong Link Science and Technology Co Ltd (001207) $441.43 Million 14.99% 1.14x $330.19 Million
Zhejiang Bofay Elec Co Ltd (001255) $742.80 Million 1.78% 0.61x $169.49 Million
Guangdong Decro Film New (001378) $647.89 Million 29.53% 0.22x $241.78 Million