Western Mining Co Ltd Net Assets
Western Mining Co Ltd net assets. Based on the latest financial reports, Western Mining Co Ltd (601168) has net assets worth CN¥27.72 Billion CNY (≈ $4.06 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥66.82 Billion ≈ $9.78 Billion USD) and total liabilities (CN¥39.10 Billion ≈ $5.72 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. Also explore 601168 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.72 Billion |
| % of Total Assets | 41.48% |
| Annual Growth Rate | 21.74% |
| 5-Year Change | 40.12% |
| 10-Year Change | 94.49% |
| Growth Volatility | 54.68 |
Net Assets of Western Mining Co Ltd (2002–2025)
Net assets of Western Mining Co Ltd from 2002 to 2025. This chart illustrates how Western Mining Co Ltd's net assets have evolved over time, based on quarterly financial data. See debt-free asset ratio of Western Mining Co Ltd to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Western Mining Co Ltd stock valuation.
| 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 |
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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.
Western Mining Co Ltd Net Assets Breakdown (December 2025)
Western Mining Co Ltd net assets breakdown by equity component as of 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 |
|---|---|
|
Symrise AG
F:SY1
|
$10.30 Billion |
|
Dongfang Electric Corp Ltd Class A
SHG:600875
|
$10.31 Billion |
|
SHIZUOKA FIN. GROUP INC.
F:P2U
|
$10.31 Billion |
|
Orkla ASA
OL:ORK
|
$10.31 Billion |
|
Universal Health Services Inc
NYSE:UHS
|
$10.29 Billion |
|
Camden Property Trust
NYSE:CPT
|
$10.28 Billion |
|
Jiangxi Copper Co Ltd Class A
SHG:600362
|
$10.26 Billion |
|
Indiamart Intermesh Limited
NSE:INDIAMART
|
$10.25 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: 3.82x
- 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 30.68x to 3.82x 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¥29.54 | x |
| 2003-12-31 | CN¥1.54 | CN¥29.54 | x |
| 2004-12-31 | CN¥4.22 | CN¥29.54 | x |
| 2005-12-31 | CN¥4.85 | CN¥29.54 | x |
| 2006-12-31 | CN¥8.39 | CN¥29.54 | x |
| 2007-12-31 | CN¥4.70 | CN¥29.54 | x |
| 2008-12-31 | CN¥4.14 | CN¥29.54 | x |
| 2009-12-31 | CN¥4.31 | CN¥29.54 | x |
| 2010-12-31 | CN¥4.73 | CN¥29.54 | x |
| 2011-12-31 | CN¥4.83 | CN¥29.54 | x |
| 2012-12-31 | CN¥5.29 | CN¥29.54 | x |
| 2013-12-31 | CN¥4.87 | CN¥29.54 | x |
| 2014-12-31 | CN¥4.70 | CN¥29.54 | x |
| 2015-12-31 | CN¥3.75 | CN¥29.54 | x |
| 2016-12-31 | CN¥4.60 | CN¥29.54 | x |
| 2017-12-31 | CN¥4.84 | CN¥29.54 | x |
| 2018-12-31 | CN¥3.67 | CN¥29.54 | x |
| 2019-12-31 | CN¥4.21 | CN¥29.54 | x |
| 2020-12-31 | CN¥4.58 | CN¥29.54 | x |
| 2021-12-31 | CN¥5.58 | CN¥29.54 | x |
| 2022-12-31 | CN¥6.77 | CN¥29.54 | x |
| 2023-12-31 | CN¥6.40 | CN¥29.54 | x |
| 2024-12-31 | CN¥7.17 | CN¥29.54 | x |
| 2025-12-31 | CN¥7.74 | CN¥29.54 | 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: $5,155,854,555
- Average return on equity (ROE) among peers: 4.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Western Mining Co Ltd (601168) | CN¥27.72 Billion | 29.65% | 1.41x | $10.30 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $10.41 Billion | 10.25% | 0.81x | $3.26 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $677.94 Million | 9.86% | 0.45x | $6.74 Billion |
| Shengda Mining Co Ltd (000603) | $3.15 Billion | 13.40% | 0.69x | $2.63 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $16.68 Billion | -2.72% | 2.28x | $3.73 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $3.51 Billion | 0.38% | 0.90x | $13.57 Billion |
| Guocheng Mining Co Ltd (000688) | $1.77 Billion | 13.22% | 0.10x | $3.69 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.65 Billion | 3.66% | 0.62x | $936.21 Million |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $8.11 Billion | 1.81% | 1.47x | $1.72 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.08 Billion | -6.13% | 0.21x | $1.50 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.52 Billion | 5.36% | 0.77x | $1.40 Billion |
About Western Mining Co Ltd
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