Western Mining Co Ltd (601168) - Net Assets

Latest as of December 2025: CN¥25.60 Billion CNY ≈ $3.75 Billion USD

Based on the latest financial reports, Western Mining Co Ltd (601168) has net assets worth CN¥25.60 Billion CNY (≈ $3.75 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥59.61 Billion ≈ $8.72 Billion USD) and total liabilities (CN¥34.01 Billion ≈ $4.98 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥25.60 Billion
% of Total Assets 42.95%
Annual Growth Rate 21.74%
5-Year Change 40.12%
10-Year Change 94.49%
Growth Volatility 54.68

Western Mining Co Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Western Mining 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 Western Mining Co Ltd (2002–2025)

The table below shows the annual net assets of Western Mining Co Ltd from 2002 to 2025.

Year Net Assets Change
2025-12-31 CN¥25.60 Billion
≈ $3.75 Billion		 +12.49%
2024-12-31 CN¥22.76 Billion
≈ $3.33 Billion		 +11.89%
2023-12-31 CN¥20.34 Billion
≈ $2.98 Billion		 -1.05%
2022-12-31 CN¥20.56 Billion
≈ $3.01 Billion		 +12.51%
2021-12-31 CN¥18.27 Billion
≈ $2.67 Billion		 +16.84%
2020-12-31 CN¥15.64 Billion
≈ $2.29 Billion		 +8.54%
2019-12-31 CN¥14.41 Billion
≈ $2.11 Billion		 +26.41%
2018-12-31 CN¥11.40 Billion
≈ $1.67 Billion		 -11.32%
2017-12-31 CN¥12.85 Billion
≈ $1.88 Billion		 -2.36%
2016-12-31 CN¥13.17 Billion
≈ $1.93 Billion		 +5.85%
2015-12-31 CN¥12.44 Billion
≈ $1.82 Billion		 +3.27%
2014-12-31 CN¥12.04 Billion
≈ $1.76 Billion		 +0.39%
2013-12-31 CN¥12.00 Billion
≈ $1.76 Billion		 +0.70%
2012-12-31 CN¥11.91 Billion
≈ $1.74 Billion		 -3.66%
2011-12-31 CN¥12.37 Billion
≈ $1.81 Billion		 +4.09%
2010-12-31 CN¥11.88 Billion
≈ $1.74 Billion		 +6.96%
2009-12-31 CN¥11.11 Billion
≈ $1.63 Billion		 +3.28%
2008-12-31 CN¥10.76 Billion
≈ $1.57 Billion		 +0.61%
2007-12-31 CN¥10.69 Billion
≈ $1.56 Billion		 +221.89%
2006-12-31 CN¥3.32 Billion
≈ $485.96 Million		 +70.00%
2005-12-31 CN¥1.95 Billion
≈ $285.86 Million		 +41.36%
2004-12-31 CN¥1.38 Billion
≈ $202.22 Million		 +138.49%
2003-12-31 CN¥579.43 Million
≈ $84.79 Million		 +108.82%
2002-12-31 CN¥277.48 Million
≈ $40.60 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Western Mining 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 10489.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥9.44 Billion 51.16%
Common Stock CN¥2.38 Billion 12.92%
Other Comprehensive Income CN¥1.15 Billion 6.23%
Other Components CN¥5.48 Billion 29.69%
Total Equity CN¥18.45 Billion 100.00%

Western Mining Co Ltd Competitors by Market Cap

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

Company Market Cap
Maplebear Inc.
NASDAQ:CART
 		$10.15 Billion
Renault SA
F:RNL1
 		$10.15 Billion
Deutsche Lufthansa AG
XETRA:LHA
 		$10.16 Billion
CSPC Pharmaceutical Group Limited
F:CVG
 		$10.18 Billion
PIRAEUS F.HL.ADR NEW 2021
F:BKP0
 		$10.13 Billion
The AES Corporation
NYSE:AES
 		$10.13 Billion
TTM Technologies Inc
NASDAQ:TTMI
 		$10.12 Billion
Mankind Pharma Ltd
NSE:MANKIND
 		$10.12 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 17,089,850,000 to 18,445,570,000, a change of 1,355,720,000 (7.9%).
  • Net income of 3,642,687,000 contributed positively to equity growth.
  • Dividend payments of 2,383,000,000 reduced retained earnings.
  • Other comprehensive income increased equity by 949,585,000.
  • Other factors decreased equity by 853,552,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥3.64 Billion +19.75%
Dividends Paid CN¥2.38 Billion -12.92%
Other Comprehensive Income CN¥949.59 Million +5.15%
Other Changes CN¥-853.55 Million -4.63%
Total Change CN¥- 7.93%

Book Value vs Market Value Analysis

This analysis compares Western Mining 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: 3.76x
  • 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 30.21x to 3.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2002-12-31 CN¥0.96 CN¥29.08 x
2003-12-31 CN¥1.54 CN¥29.08 x
2004-12-31 CN¥4.22 CN¥29.08 x
2005-12-31 CN¥4.85 CN¥29.08 x
2006-12-31 CN¥8.39 CN¥29.08 x
2007-12-31 CN¥4.70 CN¥29.08 x
2008-12-31 CN¥4.14 CN¥29.08 x
2009-12-31 CN¥4.31 CN¥29.08 x
2010-12-31 CN¥4.73 CN¥29.08 x
2011-12-31 CN¥4.83 CN¥29.08 x
2012-12-31 CN¥5.29 CN¥29.08 x
2013-12-31 CN¥4.87 CN¥29.08 x
2014-12-31 CN¥4.70 CN¥29.08 x
2015-12-31 CN¥3.75 CN¥29.08 x
2016-12-31 CN¥4.60 CN¥29.08 x
2017-12-31 CN¥4.84 CN¥29.08 x
2018-12-31 CN¥3.67 CN¥29.08 x
2019-12-31 CN¥4.21 CN¥29.08 x
2020-12-31 CN¥4.58 CN¥29.08 x
2021-12-31 CN¥5.58 CN¥29.08 x
2022-12-31 CN¥6.77 CN¥29.08 x
2023-12-31 CN¥6.40 CN¥29.08 x
2024-12-31 CN¥7.17 CN¥29.08 x
2025-12-31 CN¥7.74 CN¥29.08 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Western Mining 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): 19.75%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.92%
  • • Asset Turnover: 1.03x
  • • Equity Multiplier: 3.23x
  • Recent ROE (19.75%) is above the historical average (13.95%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 29.65% 10.65% 0.80x 3.49x CN¥50.56 Million
2003 37.48% 16.14% 0.66x 3.54x CN¥113.08 Million
2004 27.26% 22.71% 0.32x 3.73x CN¥194.61 Million
2005 33.79% 11.89% 0.65x 4.35x CN¥369.17 Million
2006 57.20% 18.72% 0.89x 3.43x CN¥1.27 Billion
2007 17.03% 20.01% 0.55x 1.56x CN¥712.56 Million
2008 5.68% 4.56% 0.72x 1.74x CN¥-433.04 Million
2009 5.81% 3.56% 0.89x 1.84x CN¥-434.61 Million
2010 8.89% 5.34% 0.82x 2.02x CN¥-123.95 Million
2011 7.46% 4.04% 0.80x 2.30x CN¥-292.87 Million
2012 0.38% 0.21% 0.76x 2.32x CN¥-1.08 Billion
2013 3.08% 1.38% 0.90x 2.48x CN¥-785.72 Million
2014 2.55% 1.20% 0.94x 2.27x CN¥-846.79 Million
2015 0.27% 0.11% 0.94x 2.51x CN¥-1.11 Billion
2016 0.87% 0.36% 0.86x 2.80x CN¥-1.05 Billion
2017 4.13% 1.68% 0.87x 2.82x CN¥-671.84 Million
2018 -23.45% -7.16% 0.73x 4.50x CN¥-2.94 Billion
2019 10.04% 3.29% 0.69x 4.44x CN¥3.78 Million
2020 8.31% 3.16% 0.60x 4.39x CN¥-184.20 Million
2021 22.06% 7.62% 0.77x 3.76x CN¥1.60 Billion
2022 21.17% 8.49% 0.76x 3.27x CN¥1.80 Billion
2023 18.27% 6.52% 0.82x 3.41x CN¥1.26 Billion
2024 17.15% 5.86% 0.91x 3.21x CN¥1.22 Billion
2025 19.75% 5.92% 1.03x 3.23x CN¥1.80 Billion

Industry Comparison

This section compares Western Mining Co Ltd's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $3,250,642,127
  • Average return on equity (ROE) among peers: 0.01%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Western Mining Co Ltd (601168) CN¥25.60 Billion 29.65% 1.33x $10.14 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) $6.34 Billion 6.52% 1.28x $4.02 Billion
Inner Mongolia Xingye Mining Co Ltd (000426) $4.87 Billion 1.84% 1.01x $10.53 Billion
Shengda Mining Co Ltd (000603) $130.95 Million 1.63% 0.98x $3.81 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629) $7.69 Billion 40.17% 0.54x $4.74 Billion
China Tungsten and Hightech Materials Co Ltd (000657) $3.46 Billion -14.91% 0.97x $18.40 Billion
Guocheng Mining Co Ltd (000688) $3.00 Billion 6.92% 0.82x $7.61 Billion
Huludao Zinc Industry Co Ltd (000751) $3.03 Billion 7.94% 1.52x $1.55 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) $3.33 Billion 15.30% 1.38x $2.02 Billion
Tibet Mineral Development Co Ltd (000762) $439.04 Million 6.00% 0.49x $2.93 Billion
Innuovo Technology Co Ltd Class A (000795) $222.51 Million -71.28% 5.89x $1.52 Billion

About Western Mining Co Ltd

SHG:601168 China Other Industrial Metals & Mining
Market Cap
$10.14 Billion
CN¥69.30 Billion CNY
Market Cap Rank
#2220 Global
#262 in China
Share Price
CN¥29.08
Change (1 day)
+0.62%
52-Week Range
CN¥15.16 - CN¥39.55
All Time High
CN¥39.55
Categories
Companies in China Other Industrial Metals & Mining
About

Western Mining Co.,Ltd., together with its subsidiaries, engages in the mining, beneficiation, smelting, and trading of metals in Mainland China and internationally. It operates through Nonferrous Metal Mining, Beneficiation and Smelting; Metal Trading; and Financial Service segments. The company offers basic non-ferrous metals and ferrous metals, such as copper, lead, zinc, iron, nickel, vanadiu… Read more