Western Gold Co Ltd (601069) - Net Assets

Latest as of September 2025: CN¥4.55 Billion CNY ≈ $666.26 Million USD

Based on the latest financial reports, Western Gold Co Ltd (601069) has net assets worth CN¥4.55 Billion CNY (≈ $666.26 Million 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¥14.45 Billion ≈ $2.11 Billion USD) and total liabilities (CN¥9.90 Billion ≈ $1.45 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 Western Gold Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.55 Billion
% of Total Assets	31.51%
Annual Growth Rate	13.57%
5-Year Change	161.48%
10-Year Change	190.15%
Growth Volatility	43.51

Western Gold Co Ltd - Net Assets Trend (2011–2024)

This chart illustrates how Western Gold Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Western Gold Co Ltd (601069) total assets for the complete picture of this company's asset base.

Annual Net Assets for Western Gold Co Ltd (2011–2024)

The table below shows the annual net assets of Western Gold Co Ltd from 2011 to 2024. For live valuation and market cap data, see 601069 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥4.64 Billion ≈ $678.70 Million	+5.81%
2023-12-31	CN¥4.38 Billion ≈ $641.43 Million	-7.69%
2022-12-31	CN¥4.75 Billion ≈ $694.85 Million	+161.25%
2021-12-31	CN¥1.82 Billion ≈ $265.97 Million	+2.47%
2020-12-31	CN¥1.77 Billion ≈ $259.56 Million	+3.79%
2019-12-31	CN¥1.71 Billion ≈ $250.07 Million	+1.65%
2018-12-31	CN¥1.68 Billion ≈ $246.01 Million	+0.01%
2017-12-31	CN¥1.68 Billion ≈ $245.99 Million	-1.38%
2016-12-31	CN¥1.70 Billion ≈ $249.42 Million	+6.63%
2015-12-31	CN¥1.60 Billion ≈ $233.92 Million	+40.63%
2014-12-31	CN¥1.14 Billion ≈ $166.34 Million	+2.60%
2013-12-31	CN¥1.11 Billion ≈ $162.13 Million	-8.12%
2012-12-31	CN¥1.21 Billion ≈ $176.46 Million	+35.92%
2011-12-31	CN¥887.20 Million ≈ $129.83 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Western 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 538.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥858.86 Million	18.52%
Common Stock	CN¥917.68 Million	19.79%
Other Comprehensive Income	CN¥116.71 Million	2.52%
Other Components	CN¥2.74 Billion	59.17%
Total Equity	CN¥4.64 Billion	100.00%

Western Gold Co Ltd Competitors by Market Cap

The table below lists competitors of Western Gold Co Ltd ranked by their market capitalization.

Company	Market Cap
AAC Technologies Holdings Inc F:A2XN	$4.56 Billion
China First Heavy Industries SHG:601106	$4.56 Billion
Jiangxi Jovo Energy Co. Ltd SHG:605090	$4.56 Billion
Jiangsu Pacific Quartz Co Ltd SHG:603688	$4.56 Billion
Georg Fischer AG SW:GF	$4.55 Billion
Walsin Lihwa Corp TW:1605	$4.55 Billion
Beijing Sinnet Technology Co Ltd SHE:300383	$4.55 Billion
Amicus Therapeutics Inc NASDAQ:FOLD	$4.54 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Western Gold Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,381,735,432 to 4,636,764,819, a change of 255,029,387 (5.8%).
Net income of 289,552,364 contributed positively to equity growth.
Dividend payments of 51,433,786 reduced retained earnings.
Other comprehensive income increased equity by 114,131,263.
Other factors decreased equity by 97,220,454.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥289.55 Million	+6.24%
Dividends Paid	CN¥51.43 Million	-1.11%
Other Comprehensive Income	CN¥114.13 Million	+2.46%
Other Changes	CN¥-97.22 Million	-2.1%
Total Change	CN¥-	5.82%

Book Value vs Market Value Analysis

This analysis compares Western 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: 6.76x
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 19.64x to 6.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	CN¥1.74	CN¥34.17	x
2012-12-31	CN¥2.36	CN¥34.17	x
2013-12-31	CN¥2.17	CN¥34.17	x
2014-12-31	CN¥2.23	CN¥34.17	x
2015-12-31	CN¥2.55	CN¥34.17	x
2016-12-31	CN¥2.68	CN¥34.17	x
2017-12-31	CN¥2.64	CN¥34.17	x
2018-12-31	CN¥2.65	CN¥34.17	x
2019-12-31	CN¥2.69	CN¥34.17	x
2020-12-31	CN¥2.79	CN¥34.17	x
2021-12-31	CN¥2.86	CN¥34.17	x
2022-12-31	CN¥5.84	CN¥34.17	x
2023-12-31	CN¥4.77	CN¥34.17	x
2024-12-31	CN¥5.05	CN¥34.17	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Western 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): 6.24%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.14%
• Asset Turnover: 0.92x
• Equity Multiplier: 1.64x
Recent ROE (6.24%) is below the historical average (8.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	34.81%	27.46%	0.93x	1.36x	CN¥220.08 Million
2012	26.15%	26.15%	0.65x	1.53x	CN¥194.74 Million
2013	10.61%	10.82%	0.48x	2.04x	CN¥6.77 Million
2014	6.90%	7.29%	0.46x	2.04x	CN¥-35.26 Million
2015	3.81%	6.00%	0.40x	1.59x	CN¥-98.96 Million
2016	7.42%	11.37%	0.41x	1.58x	CN¥-43.90 Million
2017	1.30%	1.57%	0.56x	1.47x	CN¥-146.29 Million
2018	0.58%	0.97%	0.37x	1.59x	CN¥-158.40 Million
2019	2.40%	1.06%	1.46x	1.55x	CN¥-129.82 Million
2020	4.37%	1.39%	2.04x	1.54x	CN¥-99.89 Million
2021	20.22%	6.64%	2.02x	1.51x	CN¥185.77 Million
2022	3.74%	3.94%	0.73x	1.31x	CN¥-297.40 Million
2023	-6.25%	-6.13%	0.66x	1.54x	CN¥-712.13 Million
2024	6.24%	4.14%	0.92x	1.64x	CN¥-174.12 Million

Industry Comparison

This section compares Western Gold Co Ltd's net assets metrics with peer companies in the Gold industry.

Industry Context

Industry: Gold
Average net assets among peers: $20,348,845,729
Average return on equity (ROE) among peers: 12.18%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Western Gold Co Ltd (601069)	CN¥4.55 Billion	34.81%	2.17x	$4.56 Billion
Zhongjin Gold Corp Ltd (600489)	$335.59 Million	10.85%	1.16x	$19.18 Billion
Shandong Gold Mining Co Ltd (600547)	$3.19 Billion	23.39%	0.96x	$18.86 Billion
Chifeng Jilong Gold Mining Co Ltd (600988)	$3.27 Billion	5.74%	1.38x	$10.01 Billion
Zijin Mining Group Co Ltd Class A (601899)	$74.60 Billion	8.73%	1.44x	$103.13 Billion

About Western Gold Co Ltd

SHG:601069 China Gold

Market Cap

$4.56 Billion

CN¥31.13 Billion CNY

Market Cap Rank

#3836 Global

#635 in China

Share Price

CN¥34.17

Change (1 day)

+4.85%

52-Week Range

CN¥15.95 - CN¥48.69

All Time High

CN¥48.69