Ningbo Shanshan Co Ltd (600884) - Net Assets
Based on the latest financial reports, Ningbo Shanshan Co Ltd (600884) has net assets worth CN¥23.54 Billion CNY (≈ $3.44 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¥45.88 Billion ≈ $6.71 Billion USD) and total liabilities (CN¥22.34 Billion ≈ $3.27 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 Ningbo Shanshan Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥23.54 Billion |
| % of Total Assets | 51.31% |
| Annual Growth Rate | 20.08% |
| 5-Year Change | 18.73% |
| 10-Year Change | 165.78% |
| Growth Volatility | 40.74 |
Ningbo Shanshan Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Ningbo Shanshan Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ningbo Shanshan Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ningbo Shanshan Co Ltd (1994–2025)
The table below shows the annual net assets of Ningbo Shanshan Co Ltd from 1994 to 2025. For live valuation and market cap data, see Ningbo Shanshan Co Ltd (600884) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥22.97 Billion ≈ $3.36 Billion |
+1.95% |
| 2024-12-31 | CN¥22.53 Billion ≈ $3.30 Billion |
-4.49% |
| 2023-12-31 | CN¥23.59 Billion ≈ $3.45 Billion |
-2.23% |
| 2022-12-31 | CN¥24.13 Billion ≈ $3.53 Billion |
+24.70% |
| 2021-12-31 | CN¥19.35 Billion ≈ $2.83 Billion |
+39.14% |
| 2020-12-31 | CN¥13.91 Billion ≈ $2.04 Billion |
+2.11% |
| 2019-12-31 | CN¥13.62 Billion ≈ $1.99 Billion |
+8.77% |
| 2018-12-31 | CN¥12.52 Billion ≈ $1.83 Billion |
+12.51% |
| 2017-12-31 | CN¥11.13 Billion ≈ $1.63 Billion |
+28.75% |
| 2016-12-31 | CN¥8.64 Billion ≈ $1.26 Billion |
+69.52% |
| 2015-12-31 | CN¥5.10 Billion ≈ $746.17 Million |
+15.63% |
| 2014-12-31 | CN¥4.41 Billion ≈ $645.34 Million |
+25.31% |
| 2013-12-31 | CN¥3.52 Billion ≈ $514.99 Million |
-1.70% |
| 2012-12-31 | CN¥3.58 Billion ≈ $523.91 Million |
+8.63% |
| 2011-12-31 | CN¥3.30 Billion ≈ $482.31 Million |
-9.23% |
| 2010-12-31 | CN¥3.63 Billion ≈ $531.36 Million |
-5.43% |
| 2009-12-31 | CN¥3.84 Billion ≈ $561.89 Million |
+88.17% |
| 2008-12-31 | CN¥2.04 Billion ≈ $298.61 Million |
+4.94% |
| 2007-12-31 | CN¥1.94 Billion ≈ $284.54 Million |
+7.85% |
| 2006-12-31 | CN¥1.80 Billion ≈ $263.83 Million |
+9.52% |
| 2005-12-31 | CN¥1.65 Billion ≈ $240.91 Million |
+2.29% |
| 2004-12-31 | CN¥1.61 Billion ≈ $235.52 Million |
+4.19% |
| 2003-12-31 | CN¥1.54 Billion ≈ $226.04 Million |
+8.08% |
| 2002-12-31 | CN¥1.43 Billion ≈ $209.14 Million |
+7.76% |
| 2001-12-31 | CN¥1.33 Billion ≈ $194.07 Million |
+49.43% |
| 2000-12-31 | CN¥887.56 Million ≈ $129.88 Million |
+12.35% |
| 1999-12-31 | CN¥790.03 Million ≈ $115.61 Million |
+29.15% |
| 1998-12-31 | CN¥611.71 Million ≈ $89.51 Million |
+23.19% |
| 1997-12-31 | CN¥496.54 Million ≈ $72.66 Million |
+73.26% |
| 1996-12-31 | CN¥286.58 Million ≈ $41.94 Million |
+207.73% |
| 1995-12-31 | CN¥93.13 Million ≈ $13.63 Million |
+17.77% |
| 1994-12-31 | CN¥79.08 Million ≈ $11.57 Million |
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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 89992.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥12.27 Billion | 55.87% |
| Other Components | CN¥9.69 Billion | 44.13% |
| Total Equity | CN¥21.96 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 |
|---|---|
|
Copa Holdings SA
NYSE:CPA
|
$4.56 Billion |
|
Gujarat Fluorochemicals Limited
NSE:FLUOROCHEM
|
$4.56 Billion |
|
Iridium Communications Inc
NASDAQ:IRDM
|
$4.56 Billion |
|
Jiangsu Jiejie Microelectronics Co Ltd
SHE:300623
|
$4.56 Billion |
|
International Bancshares Corporation
NASDAQ:IBOC
|
$4.56 Billion |
|
AAC Technologies Holdings Inc
F:A2XN
|
$4.56 Billion |
|
Spire Inc
NYSE:SR
|
$4.55 Billion |
|
MGM China Holdings Limited
F:M04
|
$4.55 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 2024 to 2025, total equity changed from 21,581,444,000 to 21,960,834,929, a change of 379,390,929 (1.8%).
- Net income of 457,916,266 contributed positively to equity growth.
- Dividend payments of 537,869,760 reduced retained earnings.
- Other comprehensive income increased equity by 14,080,000.
- Other factors increased equity by 445,264,423.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥457.92 Million | +2.09% |
| Dividends Paid | CN¥537.87 Million | -2.45% |
| Other Comprehensive Income | CN¥14.08 Million | +0.06% |
| Other Changes | CN¥445.26 Million | +2.03% |
| Total Change | CN¥- | 1.76% |
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: 1.42x
- 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 212.01x to 1.42x 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¥13.85 | x |
| 1995-12-31 | CN¥0.08 | CN¥13.85 | x |
| 1996-12-31 | CN¥0.24 | CN¥13.85 | x |
| 1997-12-31 | CN¥0.38 | CN¥13.85 | x |
| 1998-12-31 | CN¥0.47 | CN¥13.85 | x |
| 1999-12-31 | CN¥0.61 | CN¥13.85 | x |
| 2000-12-31 | CN¥0.69 | CN¥13.85 | x |
| 2001-12-31 | CN¥1.05 | CN¥13.85 | x |
| 2002-12-31 | CN¥1.05 | CN¥13.85 | x |
| 2003-12-31 | CN¥1.13 | CN¥13.85 | x |
| 2004-12-31 | CN¥1.16 | CN¥13.85 | x |
| 2005-12-31 | CN¥1.19 | CN¥13.85 | x |
| 2006-12-31 | CN¥1.27 | CN¥13.85 | x |
| 2007-12-31 | CN¥1.29 | CN¥13.85 | x |
| 2008-12-31 | CN¥1.32 | CN¥13.85 | x |
| 2009-12-31 | CN¥2.93 | CN¥13.85 | x |
| 2010-12-31 | CN¥2.72 | CN¥13.85 | x |
| 2011-12-31 | CN¥2.41 | CN¥13.85 | x |
| 2012-12-31 | CN¥2.74 | CN¥13.85 | x |
| 2013-12-31 | CN¥2.72 | CN¥13.85 | x |
| 2014-12-31 | CN¥3.57 | CN¥13.85 | x |
| 2015-12-31 | CN¥3.71 | CN¥13.85 | x |
| 2016-12-31 | CN¥6.80 | CN¥13.85 | x |
| 2017-12-31 | CN¥6.42 | CN¥13.85 | x |
| 2018-12-31 | CN¥6.55 | CN¥13.85 | x |
| 2019-12-31 | CN¥7.26 | CN¥13.85 | x |
| 2020-12-31 | CN¥8.75 | CN¥13.85 | x |
| 2021-12-31 | CN¥11.56 | CN¥13.85 | x |
| 2022-12-31 | CN¥10.53 | CN¥13.85 | x |
| 2023-12-31 | CN¥10.37 | CN¥13.85 | x |
| 2024-12-31 | CN¥9.99 | CN¥13.85 | x |
| 2025-12-31 | CN¥9.76 | CN¥13.85 | 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): 2.09%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.12%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.06x
- Recent ROE (2.09%) is below the historical average (9.68%), 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 |
| 2025 | 2.09% | 2.12% | 0.48x | 2.06x | CN¥-1.74 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: $3,712,734,035
- Average return on equity (ROE) among peers: 7.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Shanshan Co Ltd (600884) | CN¥23.54 Billion | 36.79% | 0.95x | $4.56 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $250.39 Million | 11.63% | 0.63x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $8.33 Billion | 2.22% | 2.03x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.21 Billion | -6.73% | 1.10x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $119.35 Million | 28.19% | 2.27x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.91 Billion | 7.90% | 0.27x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.71 Billion | 7.45% | 2.19x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $1.50 Billion | 9.56% | 0.29x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.32 Billion | 3.50% | 2.59x | $468.74 Million |
About Ningbo Shanshan Co Ltd
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