Shandong Yulong Gold Co Ltd
Shandong Yulong Gold Co., Ltd. engages in the metal mining and bulk commodity trading business in China and internationally. It offers metal mineral products, coal, non-ferrous and precious metals, metal minerals, new energy and material minerals, and other mineral products. In addition, the company engages in the gold and precious metal mining business. It holds interests in the Parkingo Gold Mi… Read more
Shandong Yulong Gold Co Ltd (601028) - Net Assets
Latest net assets as of September 2024: CN¥3.62 Billion CNY
Based on the latest financial reports, Shandong Yulong Gold Co Ltd (601028) has net assets worth CN¥3.62 Billion CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.85 Billion) and total liabilities (CN¥6.23 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¥3.62 Billion |
| % of Total Assets | 36.74% |
| Annual Growth Rate | 12.19% |
| 5-Year Change | 65.48% |
| 10-Year Change | 32.38% |
| Growth Volatility | 26.24 |
Shandong Yulong Gold Co Ltd - Net Assets Trend (2008–2023)
This chart illustrates how Shandong Yulong Gold 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 Shandong Yulong Gold Co Ltd (2008–2023)
The table below shows the annual net assets of Shandong Yulong Gold Co Ltd from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥3.42 Billion | +18.02% |
| 2022-12-31 | CN¥2.90 Billion | +8.82% |
| 2021-12-31 | CN¥2.66 Billion | +15.60% |
| 2020-12-31 | CN¥2.30 Billion | +11.46% |
| 2019-12-31 | CN¥2.07 Billion | -14.22% |
| 2018-12-31 | CN¥2.41 Billion | +19.00% |
| 2017-12-31 | CN¥2.03 Billion | +3.74% |
| 2016-12-31 | CN¥1.95 Billion | -26.57% |
| 2015-12-31 | CN¥2.66 Billion | +2.89% |
| 2014-12-31 | CN¥2.58 Billion | +26.95% |
| 2013-12-31 | CN¥2.04 Billion | +4.28% |
| 2012-12-31 | CN¥1.95 Billion | +2.61% |
| 2011-12-31 | CN¥1.90 Billion | +96.70% |
| 2010-12-31 | CN¥967.26 Million | +20.43% |
| 2009-12-31 | CN¥803.17 Million | +31.84% |
| 2008-12-31 | CN¥609.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Yulong Gold 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 567.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.34 Billion | 41.20% |
| Other Components | CN¥1.91 Billion | 58.80% |
| Total Equity | CN¥3.25 Billion | 100.00% |
Shandong Yulong Gold Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Yulong Gold Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Patria Investments Ltd
NASDAQ:PAX
|
$731.78 Million |
|
Abcellera Biologics Inc
NASDAQ:ABCL
|
$731.78 Million |
|
Direcional Engenharia S.A.
SA:DIRR3
|
$731.83 Million |
|
Yili Chuanning Biotechnology Co. Ltd. A
SHE:301301
|
$731.85 Million |
|
Zenas BioPharma, Inc. Common Stock
NASDAQ:ZBIO
|
$730.81 Million |
|
Monte Rosa Therapeutics Inc
NASDAQ:GLUE
|
$730.77 Million |
|
Beijing Haitian Ruisheng Science Technology Ltd
SHG:688787
|
$730.72 Million |
|
Pavilion Real Estate Inv Trust
KLSE:5212
|
$730.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Yulong Gold Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,787,070,944 to 3,249,481,389, a change of 462,410,446 (16.6%).
- Net income of 445,454,611 contributed positively to equity growth.
- Dividend payments of 74,007,134 reduced retained earnings.
- Other factors increased equity by 90,962,969.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥445.45 Million | +13.71% |
| Dividends Paid | CN¥74.01 Million | -2.28% |
| Other Changes | CN¥90.96 Million | +2.8% |
| Total Change | CN¥- | 16.59% |
Book Value vs Market Value Analysis
This analysis compares Shandong Yulong Gold 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: 3.09x
- 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 4.96x to 3.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.59 | CN¥12.83 | x |
| 2018-12-31 | CN¥2.61 | CN¥12.83 | x |
| 2019-12-31 | CN¥2.64 | CN¥12.83 | x |
| 2020-12-31 | CN¥2.79 | CN¥12.83 | x |
| 2021-12-31 | CN¥3.25 | CN¥12.83 | x |
| 2022-12-31 | CN¥3.56 | CN¥12.83 | x |
| 2023-12-31 | CN¥4.15 | CN¥12.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Yulong Gold 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): 13.71%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.38%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 3.05x
- Recent ROE (13.71%) is above the historical average (7.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 25.15% | 4.95% | 1.77x | 2.87x | CN¥80.86 Million |
| 2009 | 24.91% | 8.50% | 1.16x | 2.52x | CN¥106.05 Million |
| 2010 | 20.08% | 7.85% | 1.14x | 2.24x | CN¥89.65 Million |
| 2011 | 7.51% | 5.16% | 0.94x | 1.55x | CN¥-46.93 Million |
| 2012 | 6.07% | 4.78% | 0.87x | 1.47x | CN¥-76.05 Million |
| 2013 | 7.36% | 5.48% | 0.86x | 1.56x | CN¥-53.30 Million |
| 2014 | 4.52% | 4.77% | 0.61x | 1.55x | CN¥-140.82 Million |
| 2015 | 4.95% | 5.85% | 0.68x | 1.24x | CN¥-132.69 Million |
| 2016 | -32.84% | -35.29% | 0.59x | 1.59x | CN¥-835.31 Million |
| 2017 | 3.93% | 5.75% | 0.54x | 1.26x | CN¥-122.85 Million |
| 2018 | 1.07% | 1.44% | 0.54x | 1.38x | CN¥-182.83 Million |
| 2019 | 0.99% | 1.11% | 0.83x | 1.07x | CN¥-186.31 Million |
| 2020 | 5.37% | 0.98% | 3.21x | 1.70x | CN¥-101.22 Million |
| 2021 | 14.30% | 3.21% | 3.11x | 1.43x | CN¥109.58 Million |
| 2022 | 10.45% | 2.66% | 1.86x | 2.11x | CN¥12.63 Million |
| 2023 | 13.71% | 18.38% | 0.24x | 3.05x | CN¥120.51 Million |
Industry Comparison
This section compares Shandong Yulong Gold Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $18,547,616,490
- Average return on equity (ROE) among peers: 8.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Yulong Gold Co Ltd (601028) | CN¥3.62 Billion | 25.15% | 1.72x | $730.83 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $1.55 Billion | 1.01% | 1.42x | $1.85 Billion |
| HBIS Co Ltd (000709) | $9.53 Billion | 14.99% | 2.00x | $1.24 Billion |
| Sgis Songshan Co Ltd (000717) | $2.28 Billion | 9.87% | 0.31x | $429.26 Million |
| Bengang Steel Plates Co Ltd (000761) | $15.56 Billion | 5.11% | 1.64x | $448.58 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $26.34 Billion | 7.62% | 1.03x | $1.50 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $2.09 Billion | 9.33% | 0.71x | $1.32 Billion |
| Jiangsu Fasten Co Ltd (000890) | $945.38 Million | 15.14% | 9.25x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $54.26 Billion | 13.87% | 0.60x | $1.17 Billion |
| Hunan Valin Steel Co Ltd (000932) | $18.32 Billion | 8.80% | 1.64x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $54.60 Billion | 0.86% | 1.41x | $904.12 Million |