Shandong Publishing & Media (601019) - Net Assets

Latest as of September 2025: CN¥15.55 Billion CNY ≈ $2.27 Billion USD

Based on the latest financial reports, Shandong Publishing & Media (601019) has net assets worth CN¥15.55 Billion CNY (≈ $2.27 Billion USD) 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 ≈ $3.42 Billion USD) and total liabilities (CN¥7.80 Billion ≈ $1.14 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 601019 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Shandong Publishing & Media balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see how much is Shandong Publishing & Media worth.

Year	Net Assets	Change
2024-12-31	CN¥14.93 Billion ≈ $2.18 Billion	+0.43%
2023-12-31	CN¥14.86 Billion ≈ $2.17 Billion	+11.24%
2022-12-31	CN¥13.36 Billion ≈ $1.96 Billion	+7.88%
2021-12-31	CN¥12.39 Billion ≈ $1.81 Billion	+7.64%
2020-12-31	CN¥11.51 Billion ≈ $1.68 Billion	+6.96%
2019-12-31	CN¥10.76 Billion ≈ $1.57 Billion	+11.46%
2018-12-31	CN¥9.65 Billion ≈ $1.41 Billion	+10.87%
2017-12-31	CN¥8.71 Billion ≈ $1.27 Billion	+70.87%
2016-12-31	CN¥5.09 Billion ≈ $745.51 Million	+15.60%
2015-12-31	CN¥4.41 Billion ≈ $644.92 Million	+17.15%
2014-12-31	CN¥3.76 Billion ≈ $550.48 Million	+27.75%
2013-12-31	CN¥2.94 Billion ≈ $430.89 Million	+65.57%
2012-12-31	CN¥1.78 Billion ≈ $260.25 Million	--

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
Douzone Bizon Co Ltd KO:012510	$2.28 Billion
Nyocor Co Ltd SHG:600821	$2.28 Billion
WG Tech JiangXi Co Ltd SHG:603773	$2.28 Billion
Aisino Corp SHG:600271	$2.28 Billion
Zhongman Petro & Natural Gas SHG:603619	$2.28 Billion
Nanjing Yunhai Special Metals Co Ltd SHE:002182	$2.28 Billion
Customers Bancorp Inc NYSE:CUBI	$2.28 Billion
Cyfrowy Polsat SA WAR:CPS	$2.27 Billion

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: 1.04x
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 7.34x to 1.04x 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¥7.46	x
2013-12-31	CN¥1.68	CN¥7.46	x
2014-12-31	CN¥2.05	CN¥7.46	x
2015-12-31	CN¥2.42	CN¥7.46	x
2016-12-31	CN¥2.82	CN¥7.46	x
2017-12-31	CN¥4.72	CN¥7.46	x
2018-12-31	CN¥4.62	CN¥7.46	x
2019-12-31	CN¥5.16	CN¥7.46	x
2020-12-31	CN¥5.52	CN¥7.46	x
2021-12-31	CN¥5.93	CN¥7.46	x
2022-12-31	CN¥6.40	CN¥7.46	x
2023-12-31	CN¥7.13	CN¥7.46	x
2024-12-31	CN¥7.17	CN¥7.46	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: $1,111,240,805
Average return on equity (ROE) among peers: 7.24%

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	$2.28 Billion
Huamei Holding (000607)	$877.23 Million	0.54%	2.16x	$616.53 Million
Central China Land Media Co Ltd (000719)	$157.96 Million	11.87%	2.05x	$2.01 Billion
Guangdong Guangzhou Daily Media Co Ltd (002181)	$3.61 Billion	7.64%	0.13x	$2.80 Billion
Tangel Publishing (300148)	$1.77 Billion	6.66%	0.14x	$513.03 Million
Citic Press Corp (300788)	$2.09 Billion	5.56%	0.59x	$990.02 Million
Dook Media Group Limited (301025)	$656.19 Million	9.50%	0.23x	$659.00 Million
GUOMAI Culture & Media Co. Ltd. (301052)	$603.94 Million	6.76%	0.24x	$466.86 Million
Ronshin Group A (301231)	$925.38 Million	2.53%	0.09x	$370.51 Million
Qingdao Citymedia Co Ltd (600229)	$290.67 Million	11.77%	1.73x	$611.03 Million
Chinese Universe Publishing And Media Co Ltd (600373)	$122.21 Million	9.57%	2.32x	$1.64 Billion

About Shandong Publishing & Media

SHG:601019 China Publishing

Market Cap

$2.28 Billion

CN¥15.57 Billion CNY

Market Cap Rank

#5799 Global

#1218 in China

Share Price

CN¥7.46

Change (1 day)

+0.40%

52-Week Range

CN¥7.41 - CN¥11.00

All Time High

CN¥13.70