Snowsky Salt Industry Group Co Ltd (600929) - Net Assets
Based on the latest financial reports, Snowsky Salt Industry Group Co Ltd (600929) has net assets worth CN¥8.67 Billion CNY (≈ $1.27 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¥12.69 Billion ≈ $1.86 Billion USD) and total liabilities (CN¥4.02 Billion ≈ $588.68 Million 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. Also explore Snowsky Salt Industry Group Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.67 Billion |
| % of Total Assets | 68.31% |
| Annual Growth Rate | 16.87% |
| 5-Year Change | 64.0% |
| 10-Year Change | 378.2% |
| Growth Volatility | 22.4 |
Snowsky Salt Industry Group Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Snowsky Salt Industry Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Snowsky Salt Industry Group Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Snowsky Salt Industry Group Co Ltd (2014–2025)
The table below shows the annual net assets of Snowsky Salt Industry Group Co Ltd from 2014 to 2025. For live valuation and market cap data, see Snowsky Salt Industry Group Co Ltd (600929) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥8.53 Billion ≈ $1.25 Billion |
+4.02% |
| 2024-12-31 | CN¥8.20 Billion ≈ $1.20 Billion |
+0.28% |
| 2023-12-31 | CN¥8.17 Billion ≈ $1.20 Billion |
+23.65% |
| 2022-12-31 | CN¥6.61 Billion ≈ $967.41 Million |
+27.15% |
| 2021-12-31 | CN¥5.20 Billion ≈ $760.81 Million |
+81.85% |
| 2020-12-31 | CN¥2.86 Billion ≈ $418.37 Million |
+9.48% |
| 2019-12-31 | CN¥2.61 Billion ≈ $382.16 Million |
+1.88% |
| 2018-12-31 | CN¥2.56 Billion ≈ $375.10 Million |
+31.49% |
| 2017-12-31 | CN¥1.95 Billion ≈ $285.27 Million |
+9.33% |
| 2016-12-31 | CN¥1.78 Billion ≈ $260.93 Million |
+4.35% |
| 2015-12-31 | CN¥1.71 Billion ≈ $250.06 Million |
+11.37% |
| 2014-12-31 | CN¥1.53 Billion ≈ $224.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Snowsky Salt Industry Group 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 411.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.81 Billion | 23.96% |
| Other Components | CN¥5.74 Billion | 76.04% |
| Total Equity | CN¥7.54 Billion | 100.00% |
Snowsky Salt Industry Group Co Ltd Competitors by Market Cap
The table below lists competitors of Snowsky Salt Industry Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Integra LifeSciences Holdings
NASDAQ:IART
|
$1.32 Billion |
|
FMC Corporation
NYSE:FMC
|
$1.32 Billion |
|
TTW Public Company Limited
BK:TTW
|
$1.32 Billion |
|
Cogeco Communications Inc
TO:CCA
|
$1.32 Billion |
|
Chongqing Department Store Co Ltd
SHG:600729
|
$1.32 Billion |
|
The India Cements Limited
NSE:INDIACEM
|
$1.32 Billion |
|
Neway CNC Equipment Suzhou Co Ltd
SHG:688697
|
$1.32 Billion |
|
Jiangsu Shagang Co Ltd
SHE:002075
|
$1.32 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Snowsky Salt Industry Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,629,183,868 to 7,543,628,405, a change of -85,555,463 (-1.1%).
- Net income of 77,017,241 contributed positively to equity growth.
- Dividend payments of 152,970,349 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥77.02 Million | +1.02% |
| Dividends Paid | CN¥152.97 Million | -2.03% |
| Other Changes | CN¥-9.60 Million | -0.13% |
| Total Change | CN¥- | -1.12% |
Book Value vs Market Value Analysis
This analysis compares Snowsky Salt Industry Group 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: 1.19x
- 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 3.05x to 1.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.80 | CN¥5.49 | x |
| 2015-12-31 | CN¥1.72 | CN¥5.49 | x |
| 2016-12-31 | CN¥1.81 | CN¥5.49 | x |
| 2017-12-31 | CN¥1.97 | CN¥5.49 | x |
| 2018-12-31 | CN¥2.60 | CN¥5.49 | x |
| 2019-12-31 | CN¥2.70 | CN¥5.49 | x |
| 2020-12-31 | CN¥2.01 | CN¥5.49 | x |
| 2021-12-31 | CN¥3.56 | CN¥5.49 | x |
| 2022-12-31 | CN¥4.41 | CN¥5.49 | x |
| 2023-12-31 | CN¥4.89 | CN¥5.49 | x |
| 2024-12-31 | CN¥4.69 | CN¥5.49 | x |
| 2025-12-31 | CN¥4.60 | CN¥5.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Snowsky Salt Industry Group 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): 1.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.42%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.64x
- Recent ROE (1.02%) is below the historical average (7.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.67% | 7.25% | 0.69x | 2.35x | CN¥23.51 Million |
| 2015 | 12.94% | 9.02% | 0.65x | 2.22x | CN¥46.27 Million |
| 2016 | 8.36% | 6.37% | 0.66x | 1.97x | CN¥-27.24 Million |
| 2017 | 8.42% | 6.89% | 0.71x | 1.72x | CN¥-28.59 Million |
| 2018 | 5.96% | 6.18% | 0.64x | 1.50x | CN¥-96.46 Million |
| 2019 | 5.93% | 6.47% | 0.63x | 1.45x | CN¥-100.70 Million |
| 2020 | 7.06% | 5.43% | 0.77x | 1.68x | CN¥-80.09 Million |
| 2021 | 7.96% | 8.40% | 0.57x | 1.66x | CN¥-102.65 Million |
| 2022 | 12.38% | 11.94% | 0.69x | 1.50x | CN¥147.75 Million |
| 2023 | 9.26% | 11.32% | 0.56x | 1.46x | CN¥-56.79 Million |
| 2024 | 3.98% | 5.64% | 0.49x | 1.44x | CN¥-459.09 Million |
| 2025 | 1.02% | 1.42% | 0.44x | 1.64x | CN¥-677.35 Million |
Industry Comparison
This section compares Snowsky Salt Industry Group Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,303,816,594
- Average return on equity (ROE) among peers: -30.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Snowsky Salt Industry Group Co Ltd (600929) | CN¥8.67 Billion | 11.67% | 0.46x | $1.32 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $110.70 Million | 120.32% | 0.71x | $1.07 Billion |
| Sichuan Chemical Co Ltd (000155) | $13.13 Billion | 3.83% | 1.12x | $3.23 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.56 Billion | 4.43% | 0.36x | $12.48 Billion |
| Zangge Holding Co Ltd (000408) | $164.61 Million | 21.11% | 1.68x | $19.94 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $718.75 Million | 13.09% | 1.40x | $1.53 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $314.45 Million | 2.27% | 0.39x | $366.79 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $73.67 Million | -474.71% | 38.07x | $886.71 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $1.01 Billion | 10.39% | 2.73x | $374.88 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $758.08 Million | -11.00% | 2.16x | $292.12 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $4.21 Billion | 2.45% | 1.37x | $3.33 Billion |
About Snowsky Salt Industry Group Co Ltd
Snowsky Salt Industry Group CO.,LTD engages in production and sale of salt and salt chemical products in China. The company offers edible salt, industrial salt, daily chemical salt, livestock salt, Glauber's salt, caustic soda, soda ash, ammonium chloride, liquid chlorine, hydrogen peroxide, mirabilite, edible small package salt, food processing salt, and other products. It also exports its produ… Read more