Henan Mingtai Al.Industrial Co Ltd
Henan Mingtai Al.Industrial Co.,Ltd. produces and sells aluminum products in China. The company offers aluminum sheets, coils, bar, tube, and foils; special aluminum; and aluminum components. It serves transportation, automotive, packaging, building construction, and other sectors. The company exports its products. Henan Mingtai Al.Industrial Co.,Ltd. was founded in 1997 and is based in Zhengzhou… Read more
Henan Mingtai Al.Industrial Co Ltd (601677) - Net Assets
Latest net assets as of September 2025: CN¥18.98 Billion CNY
Based on the latest financial reports, Henan Mingtai Al.Industrial Co Ltd (601677) has net assets worth CN¥18.98 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥27.28 Billion) and total liabilities (CN¥8.30 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¥18.98 Billion |
| % of Total Assets | 69.57% |
| Annual Growth Rate | 22.11% |
| 5-Year Change | 95.15% |
| 10-Year Change | 364.4% |
| Growth Volatility | 24.46 |
Henan Mingtai Al.Industrial Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Henan Mingtai Al.Industrial 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 Henan Mingtai Al.Industrial Co Ltd (2008–2024)
The table below shows the annual net assets of Henan Mingtai Al.Industrial Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥17.60 Billion | +10.38% |
| 2023-12-31 | CN¥15.94 Billion | +26.16% |
| 2022-12-31 | CN¥12.64 Billion | +14.17% |
| 2021-12-31 | CN¥11.07 Billion | +22.74% |
| 2020-12-31 | CN¥9.02 Billion | +24.10% |
| 2019-12-31 | CN¥7.27 Billion | +19.25% |
| 2018-12-31 | CN¥6.09 Billion | +10.40% |
| 2017-12-31 | CN¥5.52 Billion | +35.46% |
| 2016-12-31 | CN¥4.07 Billion | +7.52% |
| 2015-12-31 | CN¥3.79 Billion | +29.08% |
| 2014-12-31 | CN¥2.94 Billion | +9.43% |
| 2013-12-31 | CN¥2.68 Billion | +1.02% |
| 2012-12-31 | CN¥2.66 Billion | +2.87% |
| 2011-12-31 | CN¥2.58 Billion | +109.05% |
| 2010-12-31 | CN¥1.23 Billion | +23.23% |
| 2009-12-31 | CN¥1.00 Billion | +39.15% |
| 2008-12-31 | CN¥720.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Henan Mingtai Al.Industrial 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 6119.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.30 Billion | 53.73% |
| Common Stock | CN¥1.24 Billion | 7.19% |
| Other Comprehensive Income | CN¥663.84 Million | 3.84% |
| Other Components | CN¥6.10 Billion | 35.24% |
| Total Equity | CN¥17.30 Billion | 100.00% |
Henan Mingtai Al.Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Mingtai Al.Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OneSpaWorld Holdings Ltd
NASDAQ:OSW
|
$2.08 Billion |
|
RH
NYSE:RH
|
$2.08 Billion |
|
BENEFIT SYSTEMS ZY 1
F:3ZV
|
$2.08 Billion |
|
NINGBO HENGSHUAI Co. LTD.
SHE:300969
|
$2.09 Billion |
|
Shanghai Zhenhua Heavy Industries Co Ltd A
SHG:600320
|
$2.08 Billion |
|
Zhejiang JIULI Hi-tech Metals Co Ltd
SHE:002318
|
$2.08 Billion |
|
Shenergy Co Ltd
SHG:600642
|
$2.08 Billion |
|
Hutchison Port Holdings Trust
PINK:HUPHY
|
$2.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Mingtai Al.Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,644,599,357 to 17,301,578,792, a change of 1,656,979,435 (10.6%).
- Net income of 1,748,479,021 contributed positively to equity growth.
- Dividend payments of 155,070,766 reduced retained earnings.
- Other comprehensive income increased equity by 677,533,940.
- Other factors decreased equity by 613,962,760.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.75 Billion | +10.11% |
| Dividends Paid | CN¥155.07 Million | -0.9% |
| Other Comprehensive Income | CN¥677.53 Million | +3.92% |
| Other Changes | CN¥-613.96 Million | -3.55% |
| Total Change | CN¥- | 10.59% |
Book Value vs Market Value Analysis
This analysis compares Henan Mingtai Al.Industrial 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: 1.20x
- 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 10.73x to 1.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.54 | CN¥16.55 | x |
| 2009-12-31 | CN¥2.15 | CN¥16.55 | x |
| 2010-12-31 | CN¥2.45 | CN¥16.55 | x |
| 2011-12-31 | CN¥4.99 | CN¥16.55 | x |
| 2012-12-31 | CN¥4.24 | CN¥16.55 | x |
| 2013-12-31 | CN¥4.56 | CN¥16.55 | x |
| 2014-12-31 | CN¥4.90 | CN¥16.55 | x |
| 2015-12-31 | CN¥6.11 | CN¥16.55 | x |
| 2016-12-31 | CN¥6.07 | CN¥16.55 | x |
| 2017-12-31 | CN¥7.80 | CN¥16.55 | x |
| 2018-12-31 | CN¥7.18 | CN¥16.55 | x |
| 2019-12-31 | CN¥8.28 | CN¥16.55 | x |
| 2020-12-31 | CN¥8.26 | CN¥16.55 | x |
| 2021-12-31 | CN¥10.91 | CN¥16.55 | x |
| 2022-12-31 | CN¥11.45 | CN¥16.55 | x |
| 2023-12-31 | CN¥15.21 | CN¥16.55 | x |
| 2024-12-31 | CN¥13.75 | CN¥16.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Mingtai Al.Industrial 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): 10.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.41%
- • Asset Turnover: 1.39x
- • Equity Multiplier: 1.35x
- Recent ROE (10.11%) is above the historical average (9.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 4.90% | 0.80% | 2.12x | 2.88x | CN¥-34.66 Million |
| 2009 | 14.96% | 4.32% | 1.49x | 2.33x | CN¥47.10 Million |
| 2010 | 20.74% | 4.83% | 2.01x | 2.14x | CN¥124.69 Million |
| 2011 | 10.31% | 3.90% | 1.90x | 1.39x | CN¥7.68 Million |
| 2012 | 2.52% | 1.20% | 1.61x | 1.30x | CN¥-187.49 Million |
| 2013 | 2.35% | 1.05% | 1.67x | 1.34x | CN¥-193.32 Million |
| 2014 | 6.41% | 2.72% | 1.25x | 1.89x | CN¥-99.27 Million |
| 2015 | 4.79% | 2.75% | 1.13x | 1.54x | CN¥-187.94 Million |
| 2016 | 6.94% | 3.60% | 1.26x | 1.53x | CN¥-118.62 Million |
| 2017 | 6.59% | 3.40% | 1.20x | 1.62x | CN¥-181.78 Million |
| 2018 | 8.35% | 3.72% | 1.43x | 1.57x | CN¥-97.78 Million |
| 2019 | 13.02% | 6.48% | 1.20x | 1.67x | CN¥212.77 Million |
| 2020 | 12.36% | 6.55% | 1.28x | 1.48x | CN¥204.27 Million |
| 2021 | 17.35% | 7.52% | 1.30x | 1.77x | CN¥784.60 Million |
| 2022 | 13.10% | 5.75% | 1.47x | 1.55x | CN¥378.39 Million |
| 2023 | 8.61% | 5.10% | 1.24x | 1.36x | CN¥-216.97 Million |
| 2024 | 10.11% | 5.41% | 1.39x | 1.35x | CN¥18.32 Million |
Industry Comparison
This section compares Henan Mingtai Al.Industrial Co Ltd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $4,846,992,485
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Mingtai Al.Industrial Co Ltd (601677) | CN¥18.98 Billion | 4.90% | 0.44x | $2.08 Billion |
| Jiaozuo Wanfang Aluminum (000612) | $5.30 Billion | 5.72% | 0.48x | $1.56 Billion |
| Yunnan Aluminium Co Ltd (000807) | $20.91 Billion | 15.94% | 0.81x | $8.73 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $10.42 Billion | -3.52% | 3.91x | $6.78 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $1.35 Billion | 8.74% | 0.89x | $589.47 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $2.90 Billion | -14.82% | 1.20x | $644.16 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $1.09 Billion | 0.35% | 1.17x | $1.49 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $146.13 Million | 24.51% | 1.53x | $135.36 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $1.96 Billion | -3.52% | 0.60x | $3.60 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $3.44 Billion | 11.58% | 0.95x | $703.83 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $958.82 Million | 9.00% | 0.33x | $5.67 Billion |