Yueyang Forest & Paper Co Ltd

SHG:600963 China Paper & Paper Products
Market Cap
$1.33 Billion
CN¥9.79 Billion CNY
Market Cap Rank
#8671 Global
#1672 in China
Share Price
CN¥5.57
Change (1 day)
-4.13%
52-Week Range
CN¥4.13 - CN¥6.57
All Time High
CN¥11.31
Categories
Companies in China Paper & Paper Products
About

Yueyang Forest & Paper Co., Ltd. manufactures and sells cultural, industrial, and packaging paper products in China and internationally. The company offers refined lightweight coated, offset printing, pure wood pulp, light glue master, copy, and light offset paper products, as well as kraft, stretch paper bag, high-strength paper bag, fine paper bag, handbag, food packaging, coated, composite bas… Read more

Yueyang Forest & Paper Co Ltd (600963) - Net Assets

Latest net assets as of September 2025: CN¥8.02 Billion CNY

Based on the latest financial reports, Yueyang Forest & Paper Co Ltd (600963) has net assets worth CN¥8.02 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¥20.62 Billion) and total liabilities (CN¥12.60 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¥8.02 Billion
% of Total Assets 38.88%
Annual Growth Rate 16.92%
5-Year Change -7.41%
10-Year Change 52.06%
Growth Volatility 55.36

Yueyang Forest & Paper Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Yueyang Forest & Paper 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 Yueyang Forest & Paper Co Ltd (2001–2024)

The table below shows the annual net assets of Yueyang Forest & Paper Co Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥7.94 Billion -8.99%
2023-12-31 CN¥8.73 Billion -5.53%
2022-12-31 CN¥9.24 Billion +5.08%
2021-12-31 CN¥8.79 Billion +2.50%
2020-12-31 CN¥8.58 Billion +3.60%
2019-12-31 CN¥8.28 Billion +1.12%
2018-12-31 CN¥8.19 Billion +4.26%
2017-12-31 CN¥7.86 Billion +49.54%
2016-12-31 CN¥5.25 Billion +0.54%
2015-12-31 CN¥5.22 Billion -2.87%
2014-12-31 CN¥5.38 Billion +0.14%
2013-12-31 CN¥5.37 Billion +0.32%
2012-12-31 CN¥5.35 Billion +17.85%
2011-12-31 CN¥4.54 Billion -0.98%
2010-12-31 CN¥4.59 Billion +52.35%
2009-12-31 CN¥3.01 Billion +2.66%
2008-12-31 CN¥2.93 Billion +4.49%
2007-12-31 CN¥2.81 Billion +148.20%
2006-12-31 CN¥1.13 Billion +1.55%
2005-12-31 CN¥1.11 Billion +16.63%
2004-12-31 CN¥955.07 Million +235.71%
2003-12-31 CN¥284.49 Million +10.78%
2002-12-31 CN¥256.82 Million +17.86%
2001-12-31 CN¥217.90 Million --

Equity Component Analysis

This analysis shows how different components contribute to Yueyang Forest & Paper 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 91.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥110.81 Million 1.40%
Common Stock CN¥1.77 Billion 22.30%
Other Components CN¥6.04 Billion 76.30%
Total Equity CN¥7.92 Billion 100.00%

Yueyang Forest & Paper Co Ltd Competitors by Market Cap

The table below lists competitors of Yueyang Forest & Paper Co Ltd ranked by their market capitalization.

Company Market Cap
Bausch + Lomb Corp
NYSE:BLCO
 		$713.24 Million
Uxin Ltd
NASDAQ:UXIN
 		$713.35 Million
Nippon Paper Industries Co. Ltd
F:9NI
 		$713.41 Million
Greencore Group plc
PINK:GNCGF
 		$713.42 Million
Shenzhen China Micro Semicon Co. Ltd. A
SHG:688380
 		$712.58 Million
Japfa Comfeed Indonesia Tbk
JK:JPFA
 		$712.40 Million
Metropolitan Bank Holding
NYSE:MCB
 		$712.32 Million
Petkim Petrokimya Holding AS
IS:PETKM
 		$712.29 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Yueyang Forest & Paper Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 8,683,656,695 to 7,917,168,923, a change of -766,487,772 (-8.8%).
  • Net income of 166,731,498 contributed positively to equity growth.
  • Dividend payments of 182,033,034 reduced retained earnings.
  • Share repurchases of 103,381,993 reduced equity.
  • Other comprehensive income decreased equity by 391,648,825.
  • Other factors decreased equity by 256,155,418.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥166.73 Million +2.11%
Dividends Paid CN¥182.03 Million -2.3%
Share Repurchases CN¥103.38 Million -1.31%
Other Comprehensive Income CN¥-391.65 Million -4.95%
Other Changes CN¥-256.16 Million -3.24%
Total Change CN¥- -8.83%

Book Value vs Market Value Analysis

This analysis compares Yueyang Forest & Paper 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: 1.30x
  • 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 13.65x to 1.30x 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¥0.41 CN¥5.57 x
2002-12-31 CN¥0.48 CN¥5.57 x
2003-12-31 CN¥0.53 CN¥5.57 x
2004-12-31 CN¥1.79 CN¥5.57 x
2005-12-31 CN¥1.97 CN¥5.57 x
2006-12-31 CN¥1.99 CN¥5.57 x
2007-12-31 CN¥3.63 CN¥5.57 x
2008-12-31 CN¥3.39 CN¥5.57 x
2009-12-31 CN¥3.21 CN¥5.57 x
2010-12-31 CN¥5.02 CN¥5.57 x
2011-12-31 CN¥4.09 CN¥5.57 x
2012-12-31 CN¥4.91 CN¥5.57 x
2013-12-31 CN¥4.26 CN¥5.57 x
2014-12-31 CN¥3.94 CN¥5.57 x
2015-12-31 CN¥3.81 CN¥5.57 x
2016-12-31 CN¥4.29 CN¥5.57 x
2017-12-31 CN¥4.87 CN¥5.57 x
2018-12-31 CN¥4.47 CN¥5.57 x
2019-12-31 CN¥4.68 CN¥5.57 x
2020-12-31 CN¥4.88 CN¥5.57 x
2021-12-31 CN¥4.99 CN¥5.57 x
2022-12-31 CN¥5.21 CN¥5.57 x
2023-12-31 CN¥4.90 CN¥5.57 x
2024-12-31 CN¥4.27 CN¥5.57 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Yueyang Forest & Paper 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): 2.11%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.05%
  • • Asset Turnover: 0.40x
  • • Equity Multiplier: 2.57x
  • Recent ROE (2.11%) is below the historical average (5.07%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 26.51% 11.82% 0.98x 2.28x CN¥35.98 Million
2002 18.25% 7.38% 1.06x 2.34x CN¥21.19 Million
2003 16.75% 6.94% 0.90x 2.68x CN¥19.20 Million
2004 6.07% 5.01% 0.35x 3.48x CN¥-37.58 Million
2005 8.98% 5.09% 0.54x 3.26x CN¥-10.74 Million
2006 5.19% 2.94% 0.50x 3.54x CN¥-51.16 Million
2007 4.09% 4.08% 0.42x 2.42x CN¥-165.88 Million
2008 4.76% 4.36% 0.43x 2.52x CN¥-153.73 Million
2009 3.12% 3.09% 0.30x 3.32x CN¥-207.25 Million
2010 3.43% 3.30% 0.39x 2.64x CN¥-301.54 Million
2011 3.39% 2.21% 0.42x 3.69x CN¥-300.24 Million
2012 -4.08% -3.33% 0.39x 3.10x CN¥-753.35 Million
2013 0.36% 0.29% 0.38x 3.23x CN¥-517.52 Million
2014 1.17% 0.93% 0.41x 3.09x CN¥-474.96 Million
2015 -7.46% -6.58% 0.38x 2.98x CN¥-912.44 Million
2016 0.54% 0.59% 0.34x 2.71x CN¥-497.06 Million
2017 4.43% 5.66% 0.40x 1.97x CN¥-437.79 Million
2018 4.48% 5.22% 0.47x 1.82x CN¥-450.93 Million
2019 3.79% 4.41% 0.46x 1.88x CN¥-512.74 Million
2020 4.84% 5.82% 0.45x 1.85x CN¥-441.49 Million
2021 3.41% 3.80% 0.48x 1.88x CN¥-577.27 Million
2022 6.69% 6.29% 0.59x 1.81x CN¥-304.02 Million
2023 0.88% 0.77% 0.62x 1.84x CN¥-791.90 Million
2024 2.11% 2.05% 0.40x 2.57x CN¥-624.99 Million

Industry Comparison

This section compares Yueyang Forest & Paper Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

  • Industry: Paper & Paper Products
  • Average net assets among peers: $1,132,655,863
  • Average return on equity (ROE) among peers: 14.18%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Yueyang Forest & Paper Co Ltd (600963) CN¥8.02 Billion 26.51% 1.57x $712.65 Million
Shandong Chenming Paper Holdings Ltd (000488) $1.48 Billion 8.64% 0.67x $856.84 Million
MCC Meili Paper Industry Co Ltd (000815) $581.69 Million 7.14% 1.65x $1.01 Billion
Zhejiang Kan Specialities Material Co Ltd (002012) $1.70 Billion 0.34% 0.06x $340.02 Million
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) $334.24 Million 16.95% 2.25x $888.99 Million
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) $4.46 Billion 3.96% 2.41x $2.97 Billion
Xiamen Anne Corp Ltd (002235) $453.96 Million 11.63% 0.34x $679.45 Million
Qifeng New Material Co Ltd (002521) $382.94 Million 31.00% 1.37x $387.93 Million
Shandong Chenming Paper Holdings Ltd Class B (200488) $1.32 Billion 13.98% 0.36x $251.60 Million
Cre8 Direct Ningbo Co Ltd (300703) $96.98 Million 33.95% 2.34x $282.96 Million
Fujian Qingshan Paper Industry Co Ltd (600103) $519.79 Million 14.19% 0.64x $808.66 Million