Zhuzhou Smelter Group Co Ltd
Zhuzhou Smelter Group Co.,Ltd., together with its subsidiaries, produces and sells lead, zinc, and its alloy products under the Torch brand in China. The company offers zinc ingots, hot dip zinc alloy ingot, casting zinc alloy ingots, and cadmium ingots; lead, zinc, gold, copper, and gold-sulfur concentrates; lead ingots and lead-based alloys; silver; bismuth, tellurium, and indium ingots; and su… Read more
Zhuzhou Smelter Group Co Ltd (600961) - Net Assets
Latest net assets as of September 2025: CN¥3.80 Billion CNY
Based on the latest financial reports, Zhuzhou Smelter Group Co Ltd (600961) has net assets worth CN¥3.80 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¥8.95 Billion) and total liabilities (CN¥5.14 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¥3.80 Billion |
| % of Total Assets | 42.51% |
| Annual Growth Rate | 11.93% |
| 5-Year Change | 493.42% |
| 10-Year Change | 3603.22% |
| Growth Volatility | 80.95 |
Zhuzhou Smelter Group Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Zhuzhou Smelter Group 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 Zhuzhou Smelter Group Co Ltd (2001–2024)
The table below shows the annual net assets of Zhuzhou Smelter Group Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.49 Billion | +19.52% |
| 2023-12-31 | CN¥3.76 Billion | +326.72% |
| 2022-12-31 | CN¥880.52 Million | +1.54% |
| 2021-12-31 | CN¥867.15 Million | +14.59% |
| 2020-12-31 | CN¥756.75 Million | +18.97% |
| 2019-12-31 | CN¥636.10 Million | +15.51% |
| 2018-12-31 | CN¥550.70 Million | +168.85% |
| 2017-12-31 | CN¥204.83 Million | +29.70% |
| 2016-12-31 | CN¥157.93 Million | +30.24% |
| 2015-12-31 | CN¥121.27 Million | -83.62% |
| 2014-12-31 | CN¥740.19 Million | +5.71% |
| 2013-12-31 | CN¥700.20 Million | -13.16% |
| 2012-12-31 | CN¥806.29 Million | -43.59% |
| 2011-12-31 | CN¥1.43 Billion | -33.84% |
| 2010-12-31 | CN¥2.16 Billion | -0.07% |
| 2009-12-31 | CN¥2.16 Billion | +9.70% |
| 2008-12-31 | CN¥1.97 Billion | -23.91% |
| 2007-12-31 | CN¥2.59 Billion | +101.84% |
| 2006-12-31 | CN¥1.28 Billion | +42.72% |
| 2005-12-31 | CN¥898.93 Million | -1.22% |
| 2004-12-31 | CN¥910.01 Million | +107.87% |
| 2003-12-31 | CN¥437.79 Million | +14.24% |
| 2002-12-31 | CN¥383.21 Million | +13.91% |
| 2001-12-31 | CN¥336.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhuzhou Smelter 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 decreased by 5879.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.07 Billion | 24.64% |
| Other Comprehensive Income | CN¥1.53 Billion | 35.14% |
| Other Components | CN¥3.17 Billion | 72.74% |
| Total Equity | CN¥4.35 Billion | 100.00% |
Zhuzhou Smelter Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhuzhou Smelter Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ambarella Inc
NASDAQ:AMBA
|
$2.20 Billion |
|
BaoViet Holdings
VN:BVH
|
$2.20 Billion |
|
Zhejiang Zheneng Electric Power Co Ltd
SHG:600023
|
$2.20 Billion |
|
Sacyr SA
MC:SCYR
|
$2.20 Billion |
|
Taseko Mines Ltd
NYSE MKT:TGB
|
$2.20 Billion |
|
Investment and Industrial Development Joint Stock Corp
VN:BCM
|
$2.20 Billion |
|
Taiyo Yuden Co. Ltd
F:TYC1
|
$2.19 Billion |
|
Kalmar
HE:KALMAR
|
$2.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhuzhou Smelter Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,132,351,878 to 4,354,464,746, a change of 2,222,112,868 (104.2%).
- Net income of 786,535,420 contributed positively to equity growth.
- Dividend payments of 128,445,532 reduced retained earnings.
- Other comprehensive income increased equity by 1,420,698,291.
- Other factors increased equity by 143,324,689.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥786.54 Million | +18.06% |
| Dividends Paid | CN¥128.45 Million | -2.95% |
| Other Comprehensive Income | CN¥1.42 Billion | +32.63% |
| Other Changes | CN¥143.32 Million | +3.29% |
| Total Change | CN¥- | 104.21% |
Book Value vs Market Value Analysis
This analysis compares Zhuzhou Smelter 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: 4.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 25.64x to 4.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.79 | CN¥20.20 | x |
| 2002-12-31 | CN¥0.89 | CN¥20.20 | x |
| 2003-12-31 | CN¥1.02 | CN¥20.20 | x |
| 2004-12-31 | CN¥2.13 | CN¥20.20 | x |
| 2005-12-31 | CN¥2.10 | CN¥20.20 | x |
| 2006-12-31 | CN¥3.00 | CN¥20.20 | x |
| 2007-12-31 | CN¥5.20 | CN¥20.20 | x |
| 2008-12-31 | CN¥3.79 | CN¥20.20 | x |
| 2009-12-31 | CN¥4.10 | CN¥20.20 | x |
| 2010-12-31 | CN¥3.70 | CN¥20.20 | x |
| 2011-12-31 | CN¥2.72 | CN¥20.20 | x |
| 2012-12-31 | CN¥1.54 | CN¥20.20 | x |
| 2013-12-31 | CN¥1.21 | CN¥20.20 | x |
| 2014-12-31 | CN¥1.49 | CN¥20.20 | x |
| 2015-12-31 | CN¥0.24 | CN¥20.20 | x |
| 2016-12-31 | CN¥0.31 | CN¥20.20 | x |
| 2017-12-31 | CN¥0.41 | CN¥20.20 | x |
| 2018-12-31 | CN¥0.10 | CN¥20.20 | x |
| 2019-12-31 | CN¥0.11 | CN¥20.20 | x |
| 2020-12-31 | CN¥0.15 | CN¥20.20 | x |
| 2021-12-31 | CN¥0.44 | CN¥20.20 | x |
| 2022-12-31 | CN¥0.41 | CN¥20.20 | x |
| 2023-12-31 | CN¥1.88 | CN¥20.20 | x |
| 2024-12-31 | CN¥4.06 | CN¥20.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhuzhou Smelter 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): 18.06%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.98%
- • Asset Turnover: 2.16x
- • Equity Multiplier: 2.10x
- Recent ROE (18.06%) is above the historical average (-128.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 8.47% | 1.81% | 1.43x | 3.27x | CN¥-5.13 Million |
| 2002 | 11.56% | 2.23% | 1.67x | 3.11x | CN¥5.93 Million |
| 2003 | 12.92% | 2.28% | 1.89x | 3.00x | CN¥12.76 Million |
| 2004 | 7.97% | 2.35% | 1.51x | 2.25x | CN¥-18.44 Million |
| 2005 | 8.22% | 1.64% | 2.00x | 2.51x | CN¥-15.98 Million |
| 2006 | 32.67% | 4.50% | 2.90x | 2.51x | CN¥290.28 Million |
| 2007 | 3.07% | 0.58% | 2.17x | 2.44x | CN¥-179.05 Million |
| 2008 | 0.98% | 0.23% | 1.72x | 2.48x | CN¥-177.55 Million |
| 2009 | 3.24% | 0.59% | 1.85x | 2.95x | CN¥-145.90 Million |
| 2010 | 0.81% | 0.14% | 1.94x | 3.02x | CN¥-198.31 Million |
| 2011 | -41.16% | -5.03% | 1.81x | 4.52x | CN¥-732.48 Million |
| 2012 | -76.65% | -5.06% | 2.06x | 7.34x | CN¥-700.85 Million |
| 2013 | 3.30% | 0.14% | 2.76x | 8.35x | CN¥-47.05 Million |
| 2014 | 5.36% | 0.26% | 2.54x | 7.99x | CN¥-34.45 Million |
| 2015 | -488.37% | -4.39% | 2.42x | 45.91x | CN¥-617.01 Million |
| 2016 | 12.88% | 0.16% | 2.15x | 36.73x | CN¥4.63 Million |
| 2017 | 27.07% | 0.40% | 2.37x | 28.42x | CN¥34.97 Million |
| 2018 | -3218.57% | -12.54% | 2.19x | 117.19x | CN¥-1.64 Billion |
| 2019 | 138.28% | 0.69% | 1.60x | 124.60x | CN¥71.84 Million |
| 2020 | 112.73% | 1.08% | 2.63x | 39.83x | CN¥144.77 Million |
| 2021 | 71.20% | 1.00% | 2.85x | 25.11x | CN¥140.90 Million |
| 2022 | 226.10% | 2.42% | 3.71x | 25.21x | CN¥471.12 Million |
| 2023 | 28.66% | 3.15% | 2.13x | 4.27x | CN¥397.92 Million |
| 2024 | 18.06% | 3.98% | 2.16x | 2.10x | CN¥351.09 Million |
Industry Comparison
This section compares Zhuzhou Smelter Group Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $3,918,577,233
- Average return on equity (ROE) among peers: 8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhuzhou Smelter Group Co Ltd (600961) | CN¥3.80 Billion | 8.47% | 1.35x | $2.20 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $11.36 Billion | 7.50% | 0.79x | $2.29 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $1.61 Billion | 11.63% | 0.95x | $7.99 Billion |
| Shengda Mining Co Ltd (000603) | $3.57 Billion | 10.93% | 0.85x | $2.08 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $7.50 Billion | 10.99% | 0.51x | $2.57 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $6.50 Billion | 12.30% | 1.00x | $11.20 Billion |
| Guocheng Mining Co Ltd (000688) | $235.99 Million | 13.55% | 1.14x | $1.53 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.76 Billion | 2.28% | 0.95x | $885.40 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $3.10 Billion | 3.54% | 1.69x | $1.23 Billion |
| Tibet Mineral Development Co Ltd (000762) | $545.80 Million | 7.81% | 0.84x | $1.53 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.00 Billion | 1.73% | 0.26x | $695.97 Million |