Shandong Publishing & Media

SHG:601019 China Publishing
Market Cap
$2.55 Billion
CN¥18.70 Billion CNY
Market Cap Rank
#10315 Global
#2275 in China
Share Price
CN¥8.96
Change (1 day)
-1.65%
52-Week Range
CN¥7.60 - CN¥11.00
All Time High
CN¥13.70
Categories
Companies in China Publishing
About

Shandong Publishing&Media Co.,Ltd, together with its subsidiaries, engages in the publication of textbooks and supplementary materials, general books, periodicals, electronic audio-visual products, and digital products in China. The company publishes and distributes teaching materials and teaching aids, general books, audio-visual products, etc.; and wholesales and retails stationary products. It… Read more

Shandong Publishing & Media (601019) - Net Assets

Latest net assets as of September 2025: CN¥15.55 Billion CNY

Based on the latest financial reports, Shandong Publishing & Media (601019) has net assets worth CN¥15.55 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¥23.35 Billion) and total liabilities (CN¥7.80 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¥15.55 Billion
% of Total Assets 66.59%
Annual Growth Rate 19.4%
5-Year Change 29.72%
10-Year Change 238.69%
Growth Volatility 22.03

Shandong Publishing & Media - Net Assets Trend (2012–2024)

This chart illustrates how Shandong Publishing & Media's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Shandong Publishing & Media (2012–2024)

The table below shows the annual net assets of Shandong Publishing & Media from 2012 to 2024.

Year Net Assets Change
2024-12-31 CN¥14.93 Billion +0.43%
2023-12-31 CN¥14.86 Billion +11.24%
2022-12-31 CN¥13.36 Billion +7.88%
2021-12-31 CN¥12.39 Billion +7.64%
2020-12-31 CN¥11.51 Billion +6.96%
2019-12-31 CN¥10.76 Billion +11.46%
2018-12-31 CN¥9.65 Billion +10.87%
2017-12-31 CN¥8.71 Billion +70.87%
2016-12-31 CN¥5.09 Billion +15.60%
2015-12-31 CN¥4.41 Billion +17.15%
2014-12-31 CN¥3.76 Billion +27.75%
2013-12-31 CN¥2.94 Billion +65.57%
2012-12-31 CN¥1.78 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Publishing & Media'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 1867.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥9.78 Billion 65.50%
Common Stock CN¥2.09 Billion 13.98%
Other Components CN¥3.06 Billion 20.52%
Total Equity CN¥14.93 Billion 100.00%

Shandong Publishing & Media Competitors by Market Cap

The table below lists competitors of Shandong Publishing & Media ranked by their market capitalization.

Company Market Cap
Dark Horse Beijing Technology Co Ltd
SHE:300688
 		$497.50 Million
V V Food & Beverage Co Ltd
SHG:600300
 		$497.63 Million
Guangzhou Hangxin Aviation Technology Co Ltd
SHE:300424
 		$497.64 Million
Boss Resources Ltd
OTCQX:BQSSF
 		$497.67 Million
Zur Rose Group AG
PINK:ZRSEF
 		$497.46 Million
MCAN Mortgage Corporation
PINK:MAMTF
 		$497.40 Million
MarineMax Inc
NYSE:HZO
 		$497.35 Million
Suzhou Xianglou New Material Co. Ltd.
SHE:301160
 		$497.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Publishing & Media's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 14,865,275,982 to 14,932,523,259, a change of 67,247,277 (0.5%).
  • Net income of 1,270,019,392 contributed positively to equity growth.
  • Dividend payments of 1,171,374,730 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.27 Billion +8.51%
Dividends Paid CN¥1.17 Billion -7.84%
Other Changes CN¥-31.40 Million -0.21%
Total Change CN¥- 0.45%

Book Value vs Market Value Analysis

This analysis compares Shandong Publishing & Media'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: 1.25x
  • 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 8.81x to 1.25x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2012-12-31 CN¥1.02 CN¥8.96 x
2013-12-31 CN¥1.68 CN¥8.96 x
2014-12-31 CN¥2.05 CN¥8.96 x
2015-12-31 CN¥2.42 CN¥8.96 x
2016-12-31 CN¥2.82 CN¥8.96 x
2017-12-31 CN¥4.72 CN¥8.96 x
2018-12-31 CN¥4.62 CN¥8.96 x
2019-12-31 CN¥5.16 CN¥8.96 x
2020-12-31 CN¥5.52 CN¥8.96 x
2021-12-31 CN¥5.93 CN¥8.96 x
2022-12-31 CN¥6.40 CN¥8.96 x
2023-12-31 CN¥7.13 CN¥8.96 x
2024-12-31 CN¥7.17 CN¥8.96 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Publishing & Media 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): 8.51%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.84%
  • • Asset Turnover: 0.54x
  • • Equity Multiplier: 1.46x
  • Recent ROE (8.51%) is below the historical average (17.55%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 28.32% 9.05% 0.76x 4.09x CN¥325.46 Million
2013 24.96% 9.94% 0.79x 3.20x CN¥439.89 Million
2014 24.91% 12.52% 0.81x 2.44x CN¥560.87 Million
2015 22.34% 12.70% 0.79x 2.21x CN¥543.57 Million
2016 20.58% 13.04% 0.81x 1.95x CN¥538.33 Million
2017 15.68% 15.33% 0.67x 1.54x CN¥494.53 Million
2018 15.37% 15.88% 0.64x 1.51x CN¥519.06 Million
2019 14.35% 15.81% 0.60x 1.50x CN¥468.08 Million
2020 12.17% 14.38% 0.55x 1.53x CN¥250.23 Million
2021 12.39% 14.07% 0.56x 1.59x CN¥295.67 Million
2022 12.58% 14.98% 0.55x 1.54x CN¥344.37 Million
2023 15.98% 19.55% 0.53x 1.54x CN¥889.31 Million
2024 8.51% 10.84% 0.54x 1.46x CN¥-223.23 Million

Industry Comparison

This section compares Shandong Publishing & Media's net assets metrics with peer companies in the Publishing industry.

Industry Context

  • Industry: Publishing
  • Average net assets among peers: $1,256,922,973
  • Average return on equity (ROE) among peers: 9.28%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shandong Publishing & Media (601019) CN¥15.55 Billion 28.32% 0.50x $497.48 Million
Huamei Holding (000607) $473.81 Million 12.41% 1.07x $262.95 Million
Central China Land Media Co Ltd (000719) $281.54 Million 6.37% 1.86x $515.39 Million
Guangdong Guangzhou Daily Media Co Ltd (002181) $3.61 Billion -1.50% 0.21x $559.76 Million
Tangel Publishing (300148) $97.11 Million 20.83% 0.22x $462.22 Million
Citic Press Corp (300788) $334.80 Million 30.18% 1.35x $246.68 Million
Dook Media Group Limited (301025) $609.67 Million -0.54% 0.20x $162.04 Million
GUOMAI Culture & Media Co. Ltd. (301052) $554.07 Million 10.24% 0.24x $318.52 Million
Ronshin Group A (301231) $912.58 Million 1.09% 0.05x $255.34 Million
Qingdao Citymedia Co Ltd (600229) $864.83 Million 7.49% 0.78x $207.35 Million
Time Publishing and Media Co Ltd Class A (600551) $4.84 Billion 6.21% 0.39x $251.53 Million